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Trump signs economic partnership agreement with Saudi Arabia

Last updated: May 13, 2025 3:41 pm
1 month ago From Agency Reports
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U.S. President Donald Trump signed a strategic economic agreement with Saudi Arabia on Tuesday as the oil power rolled out the red carpet for him at the start of a tour of Gulf states aimed at drumming up trillions of dollars in investments.

Trump punched the air as he emerged from Air Force One to be greeted by Prince Mohammed bin Salman, who later signed an agreement with the president which Saudi state television said covered energy, defence, mining and other areas.

The White House said Saudi Arabia was set to invest $600 billion in the United States, including the largest defence sales agreement between the allies, worth nearly $142 billion.

MUST READ:Union Address: Trump says ‘He is Just Getting Started ‘

“I really believe we like each other a lot,” Trump said during a meeting in Riyadh with the crown prince, Saudi Arabia’s de facto ruler.

Trump, who is accompanied by a host of U.S. business leaders including billionaire Elon Musk, will go on from Riyadh to Qatar on Wednesday and the United Arab Emirates on Thursday.

(Editor: Oloyede Oworu)

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