President Donald Trump has signed a sweeping “strategic economic partnership” with Saudi Crown Prince Mohammed bin Salman. The agreement, announced Tuesday in Riyadh, is worth up to $600 billion and spans multiple industries.
The partnership focuses on energy, defense, mining, space, and cultural collaboration. Trump said the deal could create up to two million American jobs. He also stressed the long-term economic and diplomatic impact of this new chapter in U.S.-Saudi relations.
Over a dozen memorandums and letters of intent were finalized during the signing ceremony. These deals expand on previously known plans but also introduce new initiatives.
One unexpected element was the cooperation agreement with the Smithsonian’s National Museum of Asian Art. Another included plans between Saudi Arabia and the National Zoo to support conservation and biology research.
Trump was joined by several high-profile American executives during the ceremony at the Saudi Royal Court. Elon Musk, Sam Altman, and Larry Fink stood alongside him. The presence of top tech and investment leaders underlined the business weight of the event.
A core focus of the strategic economic partnership is investment in American infrastructure and defense. Saudi firm DataVolt committed $20 billion to U.S. data centers and energy systems. Google, Oracle, AMD, Uber, and Salesforce pledged a combined $80 billion toward advanced technologies.
Defense was another central element. Trump confirmed the largest defense sales deal in U.S. history as part of the strategic economic partnership. The $142 billion package includes air and missile defense systems, coastal protection, border security, and communication upgrades.
Officials expect defense deliveries to begin in the fall. These shipments will feature next-generation U.S. military equipment and services from more than a dozen American defense companies.
The White House emphasized the strategic economic partnership as a generational investment. Both nations aim to deepen bilateral ties through long-term economic collaboration.
This landmark agreement positions the United States and Saudi Arabia as core partners in global innovation, energy, and defense.
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