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Saudi Arabia to invest $1 trillion in US

Business

Saudi Arabia just announced it's upping its planned investment in the US to nearly $1 trillion—way more than the $600 billion originally discussed with President Trump.
Crown Prince Mohammed bin Salman shared the news after meeting at the White House on Tuesday.

What this means: jobs, tech, and stronger ties

This huge investment is expected to create jobs in the US and marks a shift from the strained ties during the Biden administration.
Bin Salman says it's all part of Saudi's Vision 2030 plan to move beyond oil by backing new tech like AI chips and big industrial projects—even with oil prices dipping lately.
He called it "real investment and real opportunity" across various sectors.