Trump Touts Deals With Saudi Arabia

President Donald Trump announced a slew of agreements involving Saudi and American companies Tuesday during his trip to the Middle Eastern country.

Trump touted the deals, speaking at a conference in Riyadh, where Trump and Saudi ruler Mohammed Bin Salman sought to promote economic ties between the two nations. The agreements included Saudi commitments to invest in the U.S. and major purchases of American equipment and services.

Trump has made foreign investment in the U.S. a centerpiece of his economic policy and often casts himself as a dealmaker first and foremost. High-profile CEOs—including Tesla Chief and Trump Advisor Elon Musk and Amazon Founder Jeff Bezos—traveled with Trump to the conference.

The deals include:

• Saudi Arabia buying $142 billion worth of military equipment and services from U.S. defense contractors.
• Saudi firm DataVolt agreeing to spend $20 billion on data centers and power infrastructure in the U.S.
• Google, DataVolt, Oracle, Salesforce, AMD, and Uber spending $80 billion on projects in both countries.
• Shamekh IV Solutions, a healthcare company, spending $5.8 billion on a factory in Michigan to make medical intravenous fluids.
• Saudi Arabia buying $14.2 billion worth of gas turbines from GE Vernova, and $4.8 billion worth of Boeing 737-8 jets.

At the conference, Trump said they included more than $1 trillion of investment in the U.S. A fact sheet released by the White House said the deals were worth $600 billion. The deals outlined in the fact sheet add up to $268.8 billion, and alluded to “many other deals” that had been struck but did not specify what they were.