Trump and MBS offer a promise of $ 1 million as the details remain Evasius

President Donald Trump and Saudi Crown Prince, Mohammed Bin Salman, promoted a $ 1 trillion commitment to commercial offers on Tuesday, an impressive figure that cannot be planted by scrutiny.

“With the help of the people of the Middle East, the people of this room, members of the whole region, the golden age of the Middle East can proceed right next to us,” Trump said at a summit of Saudi-ES investments to announce the planned offers. “We will work together. We will be together. We will be successful together. We will win together and always be friends.”

But the brilliant event, where the maximum corporate officials and executives, including the billionaire counselor Trump Elon Musk and Nvidia The CEO of Corp. Jensen Huang sat in the armchairs, serenely serenely in the Trump’s rally sound: he establishes a test for the President of the United States and the Prince of the Saudi Crown, who have sometimes struggled to combine their rhetoric with reality.

The two leaders said that Saudi Arabia would invest $ 1 trillion in the United States, but signaling at the conference put the accumulated total of offers, as it is worth more than $ 300 million. Hours earlier, the White House cited an investment of $ 600 million.

The discrepancy is significant: the number of $ 1 trillion is approximately coincides with the entire gross domestic product of Saudi Arabia.

Ultimately, Trump, who was eager to paint the conference as evidence of a new era of prosperity, obtained at least a symbolic victory, as the Crown Prince indicated his intention to increase Saudi investments.

“If you have a look at other presidencies, they would not make $ 1 trillion, sometimes in years,” Trump said. “We did it in two months essentially.”

Trump’s focus on foreign direct investment in the United States is no accident. The former real estate developer rewards transactional economic agreements and has been launched as a distributor in any of America.

Ali Shihabi, a Saudi author and commentator who was at the Al-Yamamah Palace as one of the invited dignitaries to greet Trump, said it was important to look beyond the monetary value of the ads.

“The visit highlights the strength of the relationship and adds Llast by creating a continuous expansion website in the economic, political and security fields,” Shihabi said in an interview.

Read -Ne More:Trump faces 2 trillion dollars to earn money from Saudi Prince

The President of the United States has also long since seen economic ties as a way to deliver security, although his speech again revealed moments when his rhetoric risked to overcome reality. Trump launched Saudi Arabia’s entry into Abraham Accords, a series of standardization agreements that his first administration made an interpretation between the Arab States and Israel, such as Fait Acturi.

“This is what I want, and that’s what you want, and so it will be,” said Trump.

But there are still deep differences from the recognition of a Palestinian state and the fate of Gaza refugees, emphasizing the extent of the remaining work.

However, there were substantial ads at the conference center on the people of Lee Greenwood and the people of the village. Executives at the conference included Black Larry Fink and Inc. AmazonAndy Jassy of .com Inc., while other CEO DELEGES, including Cytigroup Jane Fraser and Stephen A. Schwarzman from Blackstone, participated in events around the summit.

The investment pact includes U.S. defense sales with a value of about $ 142 million, providing Saudi Arabia “state -of -the -art war teams and services of more than a dozen United States Defense Companies,” said the White House. According to the statement, the sales package will include equipment that uses the range of defense technology, from the abilities of the Air Force to the Maritime Safety, as well as the information and communication services.

The White House was also planning Saudi companies plans to buy American manufacturing equipment. Includes exports of natural gas turbines and other GE Vernova Inc. It is expected to be a total of $ 14.2 billion, the White House said.

Separately, Boeing Co. It will export 737-8 passengers of $ 4.8 billion for Aviilease based on Saudi Arabia.

Alphabet Inc. Google, Oracle Corp., Sales force Inc., Micro advanced devices Inc., Uber Technologies Inc. And Data Veudi will invest $ 80 million “in avant -garde transformative technologies in the two countries.” Datavolt is “moving forward with plans” to spend $ 20 billion onArtificial intelligenceEnergy data centers and infrastructure in the United States, according to the statement.

The White House highlighted plans for other collaborations through investment funds emphasizing the deployment of the United States in the energy, aerospace and sports sectors. A sheet of facts from the White House said that the funds would channel “substantial capital in the North -American Industries”.

At least an planned investment is in charge of health care, with the Saudi Arabia’s shame solutions planning to spend $ 5.8 billion, included in a Michigan plant destined to produce intravenous fluids. The company is invoiced as a working to deal with the global shortage of intravenous solutions that are used to deliver medicines and nutrients to the patient’s blood towers.

Read -Ne More:After lowering the oil, the Saudi Prince seeks Trump’s rewards

The Trump’s approach to foreign policy is strongly influenced by “its version of economic statistics, which is to look towards the rich states of the Gulf and its large funds of sovereignist wealth as investment sources in the United States,” said Steven Cook, a superior member of the Middle East studies and Africa of the Foreign Relations Council.

Prince Colonel’s investment can collide with his own plans to transform the kingdom’s economy, with the aim of reducing a historical oil dependence. Its ambitions, which include major infrastructure projects such as the new neo -city, are likely to cost about $ 2 trillion, according to estimates collected by Bloomberg News.

Harting Trump is a critical opportunity for Saudi Arabia to attract some of this required capital of the United States and other investors. The kingdom aims to attract $ 100 million in foreign direct investments annually by 2030, but last year it attracted $ 20.7 billion, the lowest since 2020.

Dirty prices at about $ 62 The barrel is accumulating more pressure on the finances of Saudi Arabia, with economics Bloomberg that estimates that the kingdom needs a price of at least $ 96 a barrel to balance its budget.

This story originally presented to Fortune.com

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