U.S., Saudi Arabia sign economic partnership pact

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President Trump and Saudi Crown Prince Mohammed bin Salman signed a strategic economic partnership agreement in Riyadh on Tuesday.

The two world leaders then watched as several officials from the U.S. and Saudi Arabia signed pacts and memorandums.

The agreements include energy cooperation, a letter of intent for future defense capabilities, a memorandum of understanding on mineral resources, helping modernize the Saudi armed forces, judicial cooperation, a memorandum of understanding with the Justice Department, and cooperation on space and infectious diseases.

The crown prince in January said the kingdom wanted to invest $600 billion in the U.S. over the next four years.

“The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals,” a White House release said.

Mr. Trump said in a possible joke earlier Tuesday that the $600 billion investment could turn into a $1 trillion investment.

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