Trade Trump plans Saudi Arabia visit to reach $1trn deal By Reuters March 7, 2025, 10:23 AM White House/Shealah Craighead via Alamy/Reuters Donald Trump's first visit to Saudi Arabia in 2017, when he announced Saudi investments said to have been worth $350bn US President Donald Trump said on Thursday he is likely to make his first trip abroad to Saudi Arabia to seal an agreement for Riyadh to invest upwards of $1 trillion in the US economy, including purchases of military equipment. Talking to reporters in the Oval Office, Trump said he would probably travel there in the next month and a half. He noted that the first overseas trip of his first term was to Riyadh in 2017 to announce Saudi investments estimated then to be worth $350 billion. “This time, they’ve gotten richer, we’ve all gotten older,” said Trump. He said that, at his behest, the Saudis were willing to invest $1 trillion over four years in American companies including purchases of US military equipment. “And they’ve agreed to do that, so I’m going to be going there, and I have a great relationship with them, and they’ve been very nice,” Trump said. Saudi Arabia has been taking a more prominent role in US foreign policy. Trump’s Middle East special envoy Steve Witkoff told reporters the Saudis will host a US-Ukraine meeting next week to discuss a ceasefire in the Ukraine war. Trump hails Saudi Arabia at investment event in Miami The Riyadh summit will shape global energy geopolitics US energy push bodes well for GCC’s LNG interests In February, Trump met with officials of the PGA Tour and the Saudi-owned LIV Golf about resolving a rift between the two. Jared Kushner, the president’s son-in-law and Middle East adviser during his first term, started a private equity firm that received $2 billion in Saudi investment after Trump left office. Trump has also recently presided over a string of announcements about companies investing heavily in the US economy including Taiwan Semiconductor Manufacturing and Apple.
