Donald Trump: announced Mammoth Agreement on guns in Riyadh

A number of commercial and investment agreements was the US president’s goal on his trip to Saudi Arabia. But also a big deal on arms sale.

Riyadh was the first stop of his Middle East tour.

The US president is accompanied by Elon Musk and Openai chief Sam Altman.

What did they sign

Late in the afternoon, Donald Trump and Mohammed bin Salman, a successor to the Saudi throne, signed the following:

• A Memorandum of Appeal on Energy
• Intent letter for future defense capabilities
• Memorandum of Agreement on mineral resources
• Memorandum of Agreement with the US Department of Justice
• Cooperation for space and infectious diseases
• A 142 billion arms agreement

According to the White House, Donald Trump « achieved the biggest defense agreement in history ». It says the deal is worth almost $ 142 billion and includes the provision of Saudi Arabia « state -of -the -art war equipment and services by more than twelve US defense companies ». Initially it was reported that the deal would include weapons worth up to $ 100 billion.

Earlier, they said that this deal includes a range of sophisticated weapons systems, including C-130 transport aircraft. Reuters points out that the deal also includes a purchase of F-35 aircraft.

Oil prices

Oil is also something that interests Donald Trump. It is estimated that he has called for increased production to drop prices. Saudi Arabia, as the largest exporter in the world, can help increase world production. Already, through OPEC, the declared production targets for May and June have increased, leading oil prices to low four years in May. Brent oil has fallen to $ 60.

Agreements have already been made, such as the one with Saudi Aramco, who plans to spend $ 3.4 billion to expand its refinery in the US, but also to expand to gas.

Riyadh, for its part, is negotiating an agreement on nuclear power with the United States, without signing up any agreement in the near future.

Donald Trump’s goals in the Middle East

Donald Trump will go to Qatar and the United Arab Emirates in the coming days. The purchase of 100 commercial aircraft from Qatar by the US company Boeing is expected to be agreed.

The UAE has already entered into a number of agreements with the US, during a meeting at the National Security Consultant House, bin Zayed al -Nahian with Donald Trump. In March, the two men announced technology and energy agreements, while the US pledged a $ 1.4 trillion investment in the United States over the next 10 years.

According to John Alterman, who spoke to Foreign Policy magazine, the main purpose of Donald Trump’s trip is to announce « some wins ». These will include trade and investment agreements that will improve his image as a negotiator. « We will hear big numbers, » he also said.

In addition, these Middle Eastern states want to invest in artificial intelligence, semiconductors, data centers, low -track space capabilities, electric vehicles batteries. And they would also like to create a framework for investment and export controls. According to Reuters, overall Donald Trump’s agreements in the Middle East will reach some trillions.