US President Donald Trump signs a strategic economic agreement with Saudi Arabia as the oil power rolls out the red carpet for him at the start of a tour of Gulf states aimed at drumming up trillions of dollars in investments.
Crown Prince Mohammed bin Salman signs an agreement with the US president, which Saudi state television says covers energy, defense, mining and other areas.
The White House says Saudi Arabia is set to invest $600 billion in the United States, including a mammoth arms deal described as the largest “in history” between the allies, worth nearly $142 billion.
“I really believe we like each other a lot,” Trump says during a meeting in Riyadh with the crown prince, Saudi Arabia’s de facto ruler.
Trump, who is accompanied by a host of US business leaders, including billionaire Elon Musk, will go on from Riyadh to Qatar tomorrow and the United Arab Emirates on Thursday.
He has not scheduled a stop in Israel, a decision that has raised questions about where the close ally stands in Washington’s priorities, and the focus of the trip is on investment rather than security matters in the Middle East.
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From the Liveblog of
Tuesday, May 13, 2025
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