President Trump announces historic Saudi investments from Riyadh

May 13, 2025 (PEN) - During his official visit to the Saudi capital, Riyadh, US President Donald Trump announced a historic investment agreement, which he described as a "turning point in the strategic partnership between the two countries," with Saudi Arabia committing to inject $600 billion into the US economy.

President Trump explained that this step represents an unprecedented strengthening of economic ties between the United States and the Kingdom, stressing that these investments will contribute to supporting energy security, expanding the capabilities of the defense industry, enhancing American technological leadership, and improving access to global infrastructure and vital minerals.