The White House has announced that Saudi Arabia has committed to investing $600 billion in the U.S. Several deals are included in the investment, such as DataVolt, a Saudi Arabian company, agreeing to invest $20 billion in AI and energy infrastructure in the U.S.
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“The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals,” wrote the White House in a fact sheet.
U.S. Secures Massive Investment from Saudi Arabia
Additional deals include Google (GOOG) (GOOGL), DataVolt, Oracle (ORCL), Salesforce (CRM), AMD (AMD), and Uber (UBER) investing $80 billion in both countries and Saudi Arabia’s Shamekh IV Solutions investing $5.8 billion in U.S. healthcare solutions. The U.S. will also provide the Kingdom with nearly $142 billion of defense equipment, cementing the deal as the largest defense sales agreement in history. The U.S. had a $443 million trade surplus with Saudi Arabia in 2024 with the Kingdom as one of its largest trading partners in the Middle East.
The Nasdaq 100 (NDX) is surging higher on the news.
