{"id":7184,"date":"2025-05-13T15:04:39","date_gmt":"2025-05-13T15:04:39","guid":{"rendered":"https:\/\/ipp-news.com\/?p=7184"},"modified":"2025-05-13T15:04:39","modified_gmt":"2025-05-13T15:04:39","slug":"trump-signs-economic-pact-with-saudi-arabia-boosting-us-gulf-ties","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=7184","title":{"rendered":"Trump signs economic pact with Saudi Arabia, boosting US-Gulf ties"},"content":{"rendered":"<div>US President Donald Trump received a royal welcome in Riyadh on Tuesday as he launched a high-profile tour of the Gulf aimed at cementing multi-billion-dollar economic partnerships with key regional allies.<\/p>\n<p>The visit, part of a three-nation swing through Saudi Arabia, Qatar, and the United Arab Emirates, marks Trump\u2019s latest push to prioritise business ties and investment over diplomatic overtures to resolve long-standing regional conflicts.<\/p>\n<p>During a ceremonial signing with Saudi Crown Prince Mohammed bin Salman, President Trump formalised a strategic economic partnership that spans the energy, mining, and defence sectors. The leaders inked the deal in an opulent setting, with senior officials and business executives looking on and applauding.<\/p>\n<p>Donald Trump and Saudi Crown Prince Mohammed bin Salman have signed a $142bn (\u00a3107bn) defence agreement, under which the United States will supply Saudi Arabia with state-of-the-art warfighting equipment. In return, Saudi Arabia has pledged to invest $20bn (\u00a315bn) in artificial intelligence initiatives in the US as part of the wider deal.<\/p>\n<p>&#8220;We like each other a lot,&#8221; President Trump remarked during the bilateral meeting, signalling a close rapport with the Crown Prince. Trump is reportedly seeking up to $1 trillion in investment from Gulf sovereign wealth funds into US industries ranging from manufacturing to technology.<\/p>\n<p>Emerging from Air Force One to an elaborate welcome, Trump was joined by a delegation of prominent US business leaders, including Tesla and SpaceX CEO Elon Musk and OpenAI CEO Sam Altman.<\/p>\n<p>According to The Washington Post, key business agreements are being finalised during the trip. Among them is a $9 billion deal involving US firms and Saudi partners to extract and process critical minerals essential for advanced manufacturing and defence applications.<\/p>\n<p>Another expected agreement will see UAE-based AI firm G42 and Saudi startup Humain gain access to cutting-edge American AI chip technology.<\/p>\n<p>Trump\u2019s Gulf tour continues with stops in Doha and Abu Dhabi, where further commercial partnerships are expected to be announced.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US President Donald Trump received a royal welcome in Riyadh on Tuesday as he launched a high-profile tour of the Gulf aimed at cementing multi-billion-dollar economic partnerships with key regional allies. The visit, part of a three-nation swing through Saudi Arabia, Qatar, and the United Arab Emirates, marks Trump\u2019s latest push to prioritise business ties [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-7184","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/7184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7184"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/7184\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}