In a move aimed at strengthening the two countries’ alliance in combating ISIS, President Donald Trump signed a multi-billion-dollar arms and economic deal with Saudi Arabia on Saturday to mark a productive start to the President’s first official overseas trip.
The deal is worth $110 billion effective immediately and $350 billion spread over 10 years with the goal of equipping Saudi Arabia and Persian Gulf partners in the fight against ISIS. The White House said that the arrangement includes fighter jets, tanks, combat ships and anti-missile defense systems and create defense-sector jobs in the U.S. The agreement also includes additional private sector arrangement and a joint vision statement with Saudi Arabia, one of the biggest producers of oil in the world.
Trump was in an upbeat mood and hailed the successes gained from the agreement with Saudi Arabia. He told reporters that it was a tremendous day and that he got tremendous investments in the U.S. He said the deal will translate to hundreds of billions of dollars of investments into the United States and would bring in “jobs, jobs, jobs.”
The agreement also signals the strengthening of ties between the U.S. and Saudi Arabia who had strained relations during the Obama administration. It might also indicate America’s distancing itself from Saudi’s fierce rival, Iran. It is being anticipated that Trump is likely to announce his support for an “Arab NATO” to counter a growing Iranian influence in the region.
Gary Gohn, the White House economic adviser, proudly shared to reporter that the deal will invest a lot of money in the U.S. while a lot of American companies will invest and build thing in Saudi Arabia. He said the deal would bring in “big dollars” for the bunch of infrastructure related things.
The President will conclude his Saudi Arabia trip with a speech about Islam and will host a Twitter forum with young people. The trip to Saudi Arabia marks the President’s first stop in his five-state, eight-day official foreign trip. Trump will head next to Israel, and will be followed by a trip to the Vatican to meet Pope Francis. The last leg of his first overseas trip will see Trump attending a NATO meeting in Brussels and a G-7 economic summit in Sicily.