Trump, MBS announce boost in Saudi investment to U.S.
CBS News · Just In
CBS News
Just In
President Trump welcomed Saudi Crown Prince Mohammed Bin Salman to the White House on Tuesday. The two leaders announced a boost in Saudi Arabia's planned investment in the U.S., from $600 billion to nearly $1 trillion.
Breakdown
- President Trump and Crown Prince Mohammed bin Salman announced an increase in Saudi investment in the US from $600 billion to nearly $1 trillion. 16s
- The leaders discussed a potential defense agreement and the authorized sale of F-35 fighter jets to Saudi Arabia. 1m 5s
- A significant portion of the investment will focus on artificial intelligence and technology, with US companies investing in Saudi data centers and exporting semiconductor chips. 1m 13s
- The visit marked bin Salman's first White House appearance since the 2018 murder of Jamal Khashoggi, with President Trump publicly supporting the crown prince despite US intelligence findings. 35s
- US intelligence previously concluded that bin Salman approved the operation to capture or kill Khashoggi, a finding rejected by Saudi Arabia. 3m 3s