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Money Flows as Trump Secures $600 Billion in Saudi Deals

During his visit to Saudi Arabia, President Trump claims to have struck deals worth $600 billion, but specifics remain scarce.

By Luke Broadwater, Vivian Nereim and Jonathan SwanSource: nytimes.com1 min read
Money Flows as Trump Secures $600 Billion in Saudi Deals
Image via nytimes.com

In brief

In a significant business forum, Trump features both familiar policies and a bold economic narrative that raises questions on credibility.

President Trump firmly asserted during his Riyadh visit on Tuesday that he had successfully secured $600 billion in agreements with the Saudi government and corporate entities. The announcement, however, was met with skepticism as details provided by the White House appeared vague, revealing that the actual numbers could be less than half of the claimed amount. Notably, a closer examination indicated that several of the projects were already in progress before Trump's administration took office. This revelation came on the heels of Trump's address to a gathering of business leaders at the U.S.-Saudi Investment Forum, where he made the bold claim that "the only country hotter than the United States is Saudi Arabia." He expressed, "We are rocking. The United States is the hottest country, with the exception of your country." Shifting from economic strategies to diplomacy, Trump also announced the lifting of sanctions against Syria, demonstrating his varied focus during the forum. As he navigated through his speech, he highlighted familiar themes—including criticisms of his predecessor, former President Joe Biden, while boasting about victories in swing states during the recent elections. Amidst the economic rhetoric, Trump did not hold back on his admiration for the region. "The Arabian Peninsula — beautiful place, by the way," he remarked, reiterating his admiration for Saudi Arabia as a partner on the world stage.

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