Live updates: Follow the latest on Trump's Gulf trip
Saudi Arabia has committed to investing $600 billion in the US through a series of deals in energy, defence, technology, infrastructure and critical minerals, the White House said.
The deals were signed on Tuesday during US President Donald Trump's visit to the kingdom.
"We will work in the next phase to complete additional agreements, reaching $1 trillion," Saudi Crown Prince Mohammed bin Salman told the US-Saudi Investment Forum in Riyadh.
"US companies represent nearly a quarter of foreign investment in the kingdom. More than 1,300 American companies operate and invest in the kingdom," he added.
The deals include "the largest defence sales agreement in history" worth nearly $142 billion, providing Saudi Arabia with defence equipment and services from more than a dozen US firms, the White House said.
The defence deals covered air force advancement and space capabilities; air and missile defence; maritime and coastal security; border security and land forces modernisation; and information and communication systems upgrades.
The package also includes "extensive training and support to build the capacity of the Saudi armed forces, including enhancement of Saudi service academies and military medical services".
"Saudi Arabia remains our largest foreign military sales partner, with active cases valued at more than $129 billion," the statement said.
Other key deals include a $20 billion investment by Saudi Arabian company DataVolt in AI data centres and energy infrastructure in the US.
Google, DataVolt, Oracle, Salesforce, AMD and Uber will also invest $80 billion in technology in both countries, the White House said.
Meanwhile, GE Vernova will supply gas turbines and energy solutions totalling $14.2 billion, while Boeing has signed a $4.8 billion deal with Saudi Arabia's AviLease for 30 737-8 passenger aircraft.
The deal marks the first direct order from an original equipment manufacturer by AviLease, the aircraft lessor owned by the Public Investment Fund, a separate statement from the company said. Deliveries are scheduled through 2032.
The investment "will enable AviLease to provide its global customer base with new technology, fuel-efficient fleet solutions", the company said.
"This strategic order reflects AviLease’s long-term ambition of becoming a top 10 global leader in aircraft leasing, while strengthening AviLease’s position as a national champion," said Fahad AlSaif, AviLease chairman.
The PIF-backed AviLease was founded in 2022 and has a portfolio of 200 owned and managed aircraft on lease to 48 airlines globally.
Other deals
In the healthcare sector, Shamekh IV Solutions will be investing $5.8 billion in the US, including a plant in Michigan to launch a high-capacity IV fluid facility.
Investment partnerships include several sector-specific funds such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defence Technology Fund and the $4 billion Enfield Sports Global Sports Fund.
"The United States and Saudi Arabia celebrate these and many other deals today as a result of the growing momentum of the last four months," the statement on Tuesday said.
"The total package has quickly built to more than $600 billion – the largest set of commercial agreements on record between the two countries."
The countries also said they will collaborate in critical sectors such as health, energy and science. The US Department of Energy and Saudi Arabia's Ministry of Energy concluded an agreement for co-operation in the energy field. It will focus on collaboration across the development, financing and deployment of energy infrastructure.
Meanwhile, Saudi Arabia's Ministry of Industry and Mineral Resources and the US Department of Energy have signed an agreement to collaborate on mining and mineral resources. "The agreement contributes to economic development and the diversification and resilience of critical mineral supply chains", the statement said.
Nasa and the Saudi Space Agency also signed an agreement for a CubeSat to fly on Nasa’s Artemis II test flight. Saudi Arabia’s CubeSat will measure aspects of space weather at a range of distances from Earth.
The countries also recently agreed to modernise the air transport agreement to allow US airlines to carry cargo between Saudi Arabia and third countries without needing to stop in the US, "an important right for cargo hub operations", the White House said. Saudi carriers will have the same rights to serve the US.
The US and Saudi Arabia will also boost cultural, educational and scientific partnerships through the signing of agreements between the Royal Commission for AlUla and Smithsonian Institution’s National Museum of Asian Art and the Smithsonian’s National Zoo.
Saudi Arabia is one of the US’s largest trading partners in the Middle East. Bilateral goods trade reached $25.9 billion last year.
Mr Trump’s arrival in Saudi Arabia marked his first official state visit since he returned to the White House in January for a second, non-consecutive term. He will also visit Qatar and the UAE this week.
Company%20Profile
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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The five types of long-term residential visas
Obed Suhail of ServiceMarket, an online home services marketplace, outlines the five types of long-term residential visas:
Investors:
A 10-year residency visa can be obtained by investors who invest Dh10 million, out of which 60 per cent should not be in real estate. It can be a public investment through a deposit or in a business. Those who invest Dh5 million or more in property are eligible for a five-year residency visa. The invested amount should be completely owned by the investors, not loaned, and retained for at least three years.
Entrepreneurs:
A five-year multiple entry visa is available to entrepreneurs with a previous project worth Dh0.5m or those with the approval of an accredited business incubator in the UAE.
Specialists
Expats with specialised talents, including doctors, specialists, scientists, inventors, and creative individuals working in the field of culture and art are eligible for a 10-year visa, given that they have a valid employment contract in one of these fields in the country.
Outstanding students:
A five-year visa will be granted to outstanding students who have a grade of 95 per cent or higher in a secondary school, or those who graduate with a GPA of 3.75 from a university.
Retirees:
Expats who are at least 55 years old can obtain a five-year retirement visa if they invest Dh2m in property, have savings of Dh1m or more, or have a monthly income of at least Dh20,000.
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The%20specs
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The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
The%20specs
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UAE currency: the story behind the money in your pockets
Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Company%20profile%20
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900