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President Donald J. Trump announced Saudi Arabia’s $600B commitment to invest in the United States, “building economic ties that will endure for generations to come,” the White House stated. “The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals,” the White House added in a press release. The release went on to state in part: “Google (GOOGL), DataVolt, Oracle (ORCL), Salesforce (CRM), AMD (AMD), and Uber (UBER) are committing to invest $80B in cutting-edge transformative technologies in both countries. Iconic American companies including Hill International, Jacobs (J), Parsons (PSN), and AECOM (ACM) are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2B in U.S. services exports. Additional major exports include GE Vernova’s (GEV) gas turbines and energy solutions totaling $14.2B and Boeing (BA) 737-8 passenger aircraft for AviLease totaling $4.8B.”
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