President Trump’s recent visit to Saudi Arabia has resulted in a touted $600 billion in deals with the Saudi government and businesses, according to the White House. However, a closer look at the details provided by the administration reveals that the actual amount is less than half of that.
During his speech at the US-Saudi Investment Forum in Riyadh, Trump boasted about the deals, claiming that the only country hotter than the United States was Saudi Arabia. He also took the opportunity to criticize his predecessor and talk about his victory in the election.
The largest deal announced during the visit was a $142 billion defense sales agreement, which the White House called “the largest in history.” Other deals included a commitment from Saudi company DataVolt to invest $20 billion in artificial intelligence data centers and energy infrastructure in the United States, as well as US firms working on Saudi infrastructure projects such as airports and entertainment complexes.
However, upon further examination, it was revealed that many of these projects were already in the works before Trump took office. For instance, construction company Jacobs announced its involvement in a new Saudi airport project in August of last year, and AECOM had previously won a contract for a major entertainment complex in the country.
The total amount of deals announced by the White House was only about $283 billion, less than half of the promised $600 billion. White House officials stated that this was just a fraction of the numerous deals that were secured in Saudi Arabia and that more would be forthcoming. The package also included
