Crown prince raises Saudi investment in US to nearly $1 trillion


The United States and Saudi Arabia signed agreements on civil nuclear energy and the sale of cutting-edge US F-35 warplanes during a visit Tuesday by Crown Prince Mohammed bin Salman, the White House said.
The two countries ratified a "joint declaration" on civil nuclear energy that "builds the legal foundation for a decades-long, multi-billion-dollar nuclear energy partnership" in line with "strong nonproliferation standards," the White House said in a statement.
In addition, President Donald Trump approved a "major defence sale package," which includes future deliveries of F-35 advanced American fighter jets.
The sale of the stealth fighter jets to the kingdom, which has requested to buy 48 of the advanced aircraft, would mark the first US sale of the advanced fighter jets to Riyadh, a significant policy shift.
The deal could alter the military balance in the Middle East and test Washington's definition of maintaining what the US has termed Israel's "qualitative military edge." Until now, Israel has been the only country in the Middle East to have the F-35.
The crown prince has been seeking a deal to unlock access to US nuclear technology and help Saudi Arabia level up with the UAE and traditional regional foe Iran.
But progress on such a nuclear pact has been difficult because the Saudis have resisted a US stipulation that would rule out enriching uranium or reprocessing spent fuel - both potential paths to a bomb.
Trump said earlier that he could see a deal on civilian nuclear power happening, but added, "It's not urgent."
During a formal black-tie dinner at the White House later on Tuesday, Trump also announced he was designating Saudi Arabia as a major non-NATO ally, as he hosted Crown Prince Mohammed bin Salman for a gala dinner at the White House.
"Tonight, I'm pleased to announce that we're taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major non-NATO ally, which is something that is very important to them," Trump said.
"And I'm just telling you now for the first time, because they wanted to keep a little secret for tonight," Trump said of the designation, which only 19 other countries have previously received.
Earlier, Trump hailed Saudi Arabia’s Crown Prince Mohammed bin Salman $1 trillion investment pledge as the US president laid on a lavish welcome at the White House.
Trump moved to consolidate his growing bromance with the Saudi leader, who is at the Oval Office for the first time in seven years, giving him a parade of soldiers on horseback and a military flypast featuring F-35 jets that he said Washington would soon sell to Riyadh.
Trump opened their White House meeting with praise for the prince’s "incredible" human rights record.
The heir to the throne then delighted Trump by announcing that he was increasing the $600 billion Saudi investment he promised Trump when the US president visited the country in May.
"We can announce that we are going to increase that $600 billion to almost $1 trillion for investment," Prince Mohammed said in the
A grinning Trump asked him to confirm the figure, to which the Saudi royal replied: "Definitely."
The president has made a priority of boosting ties with the oil-rich Gulf kingdom, particularly as he seeks to turn the ceasefire between Israel and Hamas in Gaza into a longer-lasting regional peace.
Trump said he had pushed the prince to normalise relations with Israel as part of the Abraham Accords that he launched in his first term.
Prince Mohammed said he was working to do so "as soon as possible," but insisted on securing a "clear path of two-state solution" for a Palestinian state first.

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