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Trump Secures $600 Billion Investment Commitment from Saudi Arabia, Focus on Mega Economic Deals

by THEFUTURE.TEAM

May 13, 2025

U.S. President Donald Trump secured a $600 billion commitment from Saudi Arabia on Tuesday to invest in the United States after the oil power rolled out the red carpet for him at the start of a tour of Gulf states.

Trump punched the air as he emerged from Air Force One to be greeted by Prince Mohammed bin Salman, who later signed an agreement with the president in Riyadh on energy, defence, mining, and other areas.

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Saudi Arabia’s investment commitment includes what the U.S. described as the largest defence sales agreement between the allies, worth nearly $142 billion.

A NEW ERA OF COOPERATION

While energy remains a cornerstone of our relationship, the investments and business opportunities in the kingdom have expanded and multiplied many, many times over,” Saudi Investment Minister Khalid al-Falih told a U.S.-Saudi investment forum.

“As a result … when Saudis and Americans join forces, very good things happen, more often than not great things happen when those joint ventures happen,” he said before Trump’s arrival.

Trump called the Saudi crown prince a friend and said they have a good relationship, according to a pool report from the Wall Street Journal, adding that Saudi investment would help create jobs in the U.S.

Business leaders at the investment forum included Larry Fink, the CEO of asset management firm BlackRock, Stephen A. Schwartzman, CEO of asset manager Blackstone, and Treasury Secretary Scott Bessent.

Musk chatted briefly with both Trump and the crown prince, who is otherwise known as MbS, during a palace reception for the U.S. president. And joining Trump for a lunch with MbS were top U.S. businessmen, including Musk, the Tesla and SpaceX chief, and OpenAI CEO Sam Altman.

MbS has focused on diversifying the kingdom’s economy in a major reform programme dubbed Vision 2030 that includes “Giga-projects” such as NEOM, a futuristic city the size of Belgium. Oil generated 62% of Saudi government revenue last year.

The kingdom has scaled back some of its ambitions as rising costs and falling oil prices weigh.

Saudi Arabia and the U.S. have maintained strong ties for decades based on an ironclad arrangement in which the kingdom delivers oil and the superpower provides security in exchange.

MbS’s ties with Trump have been smoother than with his predecessor, Joe Biden. Their relations were strained by the 2018 killing of Saudi commentator Jamal Khashoggi by Saudi agents in the Saudi consulate in Istanbul. U.S. intelligence believed the killing was ordered by MbS. He denied involvement.

The Future Forbes Realty Global Properties

Stelios Bi-Communal Awards To Award €500,000 Across 39 Teams In Cyprus

The annual Stelios Bi-Communal Awards, a hallmark of cross-community collaboration in Cyprus, will once again celebrate the innovative joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs. The ceremony, scheduled for June 8 in Nicosia, underscores the vital role of business co-operation in fostering both economic growth and peaceful coexistence on the island.

Strengthening The Fabric Of Bi-Communal Collaboration

This year marks the 16th consecutive edition of the awards, which have contributed to creating business partnerships across the island. Organizers confirmed that 39 bi-communal teams, representing 78 entrepreneurs, will participate. According to the official announcement, Nikos Christodoulides is expected to attend the ceremony, adding institutional presence to the event.

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Catalysing Innovation And Economic Opportunity

Teams are evaluated based on collaboration, innovation and business potential. The prize structure includes a Gold Award of €150,000, shared equally between partners. Two teams will receive Silver Awards totaling €200,000, while six teams will share €150,000 under the Bronze category. This structure distributes funding across multiple ventures at different stages of development.

A Legacy Of Partnership And Investment

Since its launch, the programme has distributed more than €5.3 million in prize funding. Support comes from Stelios Haji-Ioannou, founder of the easy family of brands and chairman of the Stelios Philanthropic Foundation. The initiative continues to focus on supporting joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs.

The Road Ahead

The upcoming ceremony, set to be held at the Stelios Philanthropic Foundation headquarters at 5 Markou Drakou Street in Nicosia at 11:00 a.m. on Monday, June 8, 2026, promises to be a landmark event. It will gather entrepreneurs and senior officials in a celebration of bi-communal success, reaffirming the potential of entrepreneurship to bridge divides and drive sustainable growth in Cyprus.