On Tuesday, the White House announced that President Trump had secured investment agreements totaling $600 billion with Saudi Arabia’s government and businesses during his visit. However, the specifics provided were limited and accounted for less than half of that amount.
A detailed review of the announced projects reveals that many were initiated prior to President Trump’s administration.
The announcement was made shortly before President Trump addressed a group of business leaders at the U.S.-Saudi Investment Forum in Riyadh, where he praised Saudi Arabia as one of the world’s most dynamic economies.
“We are thriving,” he stated. “The United States is the hottest economy, except for your country.”
Before shifting to foreign policy topics, including the decision to lift sanctions on Syria, President Trump touched on familiar themes, criticizing his predecessor and highlighting his electoral success in key states.
“The Arabian Peninsula is a stunning region,” he remarked. “Truly beautiful.”
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