Support TIME. Preserve the truth.
World

US signs $142 billion deal with Saudi Arabia

Donald Trump and Mohammed bin Salman

Photo: Associated Press

Among the agreements between the US and Saudi Arabia announced on Tuesday by US President Donald Trump's meeting with Saudi Crown Prince Mohammed bin Salman is "the largest defense equipment sale agreement in history," the White House announced.

According to the announcement, the deal is worth about $142 billion and includes equipping Saudi Arabia with "modern combat equipment and services from dozens of American defense firms."

The White House has also announced that Saudi Arabia will invest $600 billion in the United States. 

Trump is expected to speak at an Investment Forum to be held in Riyadh later Tuesday.

Read other updates
Donald Trump

Trump begins visits to the Persian Gulf in search of major economic deals

The President of the United States of America, Donald Trump, will arrive on Tuesday morning...