United States of America. We believe in what you're doing, Mr. President, really creating a lot of good things and good foundation to create more economical growth, more business in America. And also your work for the world peace. I believe, Mr. President, in the today and tomorrow we're going to announce that we are going to increase that 600 billion to almost $1 trillion of investment, real investment and real opportunity by details in many areas. And the agreement that we are signing today in many areas, in technology, in AI, in earth materials, magnet, etc., that will create a lot of investment opportunity.
So you are doing that now, you're saying to me now that the 600 billion will be 1 trillion?
Definitely, because what we are signing, it will facilitate that.
No, that's great. I appreciate that. That's great. We're doing numbers that nobody's ever done. And in all fairness, if you didn't see potential in the US, you wouldn't be doing that. You don't want to lose money.
As you said, Mr. President, it's the most hottest country in the planet. But what you're creating is not about opportunity today. It's about also long-term opportunity in the state of America that will affect American economy positively in the next coming decades, preparing the right foundation of emerging technologies. That's a game-changer for America in a good way, and we want to be part of it.
Yeah, we're doing really well. And this, you know, you don't see what we're doing so much because we have, although the construction industry sees it, if you look at Caterpillar, who's been incredible, the tractors, everything else, the numbers that we're doing in construction are unbelievable. You know, some of the plants that we're building, AI, and they're building their own electric with the plant. I gave them the right to build their own electric with the plant because no country, frankly, will have this. China's working very hard to produce enough electric, but we're beating China substantially at AI, which is a big thing, and we had a great meeting two weeks ago with President Xi. But on AI, we're doing well. And I have a man, David Romel.
David, could you say a few words about what you're seeing on the job front and all of the some of the assets and also how we've been helped by the Saudis in terms of the kind of investment they've made? Please.
Yeah, most certainly. Thank you for the opportunity. I am a facility leader for GE Vernova and if you look at the landscape for GE Vernova investment, over $750 million in the US, focused on true manufacturing jobs here stateside. We're looking at tripling the output of our Greenville, South Carolina facility where we make the gas turbines that are supporting US needs as well as the Saudi Arabia needs. Right. So real jobs, $300 million in gas investment resulting in over 500 pieces of new equipment being installed in the Greenville, South Carolina facility. That translates into roughly 1,800 jobs across the board for Vernova as we try to scale capacity to be able to meet this demand. Along with that, we're partnering with local communities to build the skill set that's required to meet these capacity needs. So that talent pipeline is incredibly important. So it's real jobs in the manufacturing space.
Well, you've been great and thank you very much. And we love that state. I won that state by record numbers. I won a lot of states by record. Texas, a lot of them by Indiana. Just we're working with Indiana or something right now. We won that. We won a lot of them by records, but that was one of them. I want to thank you very much. Say hello to everybody.
Great job. You're doing a great job. Thank you.
So just in wrapping up, we'll take a couple of questions, but I want to just tell you what an honor it is to be your friend, and I very much appreciate the investment of now $1 trillion. Okay?
That's I'm glad you got that out. I didn't want to be the one to tell him, but that's great news.
You keep increasing, Mr. President.
Each time the opportunities are just increasing more and more.
Well, the opportunities, right? We're doing better. If even if you look back six months ago, I mean, now all of a sudden you feel even better. So, and I think we're only going to go in one way. Does anybody have any questions?
Mr. President, Mr. President, Mr. President, Mr. President, have you approved the export licenses for advanced chips to Saudi Arabia? The export licenses.
We are working on that. We're negotiating that right now. Marco, do you want to talk about that or Scott?
Well, I mean that's part of we may have announcements on that later today. But that's what we've been working on is the mechanics by which something like that could be achieved. It's part of the broader process, part of this broader engagement and cooperation between our two countries.
Certain levels of chips. Yeah.
For the crown prince, you're talking about a trillion dollars of investment. Could the kingdom continue to do that with oil prices in the mid-60s?
We are not creating fake opportunities to, you know, please America, please Trump. It's real opportunities. For example, when you ask about the AI and the chips, Saudi Arabia have a huge demand, a huge need of computing power and we're going to spend in the short term around $50 billion by consuming those semiconductors for our needs in Saudi Arabia and with the agreement that we're going to have with America that will allow us to focus that consuming power in short term by $50 billion from America and long term with hundreds of billion dollars in the long term. So, there's a lot of real opportunities that fit to our need in Saudi Arabia and fit to our investment strategy.
Mr. President, Mr. President, is it appropriate, Mr. President, for your family to be doing business in Saudi Arabia while you're president? Is that a conflict of interest? And your royal highness, the US intelligence concluded that you orchestrated the brutal murder of a journalist. 911 families are furious that you are here in the Oval Office. Why should Americans trust you? And the same to you, Mr. President.
You're with who? ABC News, sir. Fake news. ABC fake news. One of the worst, one of the worst in the business. But I'll answer your question. I have nothing to do with the family business. I have left and I've devoted 100% of my energy. What my family does is fine. They do business all over. They've done very little with Saudi Arabia. Actually, they could, I'm sure they could do a lot. And anything they've done has been very good. That's what we've done. We've built a tremendous business for a long time. I've been very successful. I decided to leave that success behind and make America very successful. And I've made America more successful by far than it ever was. And that it ever could have been no matter who was president. There would be nobody bringing in $21 trillion. That I can tell you right now. As far as this gentleman is concerned, he's done a phenomenal job. You're mentioning somebody that was extremely controversial. A lot of people didn't like that gentleman that you're talking about. Whether you like him or didn't like him, things happen. But he knew nothing about it and we can leave it at that. You don't have to embarrass our guest by asking a question like that.
Since you ask, Mr. President, you allow me to answer. You know, I feel painful about families of 9/11 in America. But you know we have to focus on reality. The reality based on CIA documents and based on a lot of documents that Osama bin Laden he used Saudi people in that event for one main purpose is to destroy this relation, to destroy the American-Saudi relation. That's the purpose of 9/11. So whoever buying that, that mean they are helping Osama bin Laden purpose of destroying this relation. He know that strong relation between America and Saudi Arabia it's bad for extremism, it's bad for terrorism and we have to prove him wrong and to build our relation, continue developing our relation. It's critical in the safety of the world, it's critical against extremism and terrorism. About the journalist, it's really painful to hear, you know, anyone that been losing his life for, you know, no real purpose or not in a legal way and it's been painful for us in Saudi Arabia. We've did all the right steps of investigation etc. in Saudi Arabia and we've improved our system to be sure that nothing happened like that and it's painful and it's a huge mistake and we are doing our best that this doesn't happen again.
Mr. President, Mr. President, thank you, Mr. President. The Crown Prince has been instrumental in helping lifting the sanctions on Syria. Will there be any joint investment between the US and Syria? And will you visit Damascus from Syria?
No, but um... where are you from?
Oh, making a lot of progress, huh? Very good. Well, they like me. The Palestinians like me. The Palestinians are doing very well, actually. I think we're working very closely with a lot of people that make everybody happy, including Israel, the Palestinians, and everybody. That's very interesting. No, I think that I will tell you the crown prince called me and he specifically asked me if I would lift the sanctions on Syria because he wants to see Syria make it. As you know, the leader of Syria was just here. We had a great meeting and he's a strong guy and I guess you'd need a strong person to run it and I think Syria's made tremendous progress and we did lift the sanctions at the request of the crown prince. Also the president of Turkey, Erdogan, called me specifically, he said, you know, if you don't lift the sanctions Syria doesn't have a chance, if you do they have a very good chance and between the two of them and some others I lifted the sanctions and the results so far have been pretty good.
To ask you a question about the F-35s that are being sold to Saudi Arabia, are these the same ones that are being used by the Israeli military and if so how does that allow for a qualitative military edge for Israel? And then I want to ask you because you brought up the plight of the Palestinians, are you aware of relocation flights to South Africa that are taking place right now?
They're relocation flights that are taking place. Some Palestinians are being charged up to $2,000.
I'm not going to South Africa for the G20 because I think their policies on the extermination of people are unacceptable. So, I'm not going. So I won't refer to anything having to do with South Africa. South Africa has behaved extremely badly. But I will say that when you look at the F-35 and you're asking me is it the same? I think it's going to be pretty similar. Yeah. You know, this is a great ally and Israel is a great ally and I know they'd like you to get planes of reduced caliber. I don't think that makes you too happy. They've been a great ally. Israel's been a great ally and we're looking at that exactly right now. But as far as I'm concerned, I think they are both at a level where they should get top of the line. Yes, please.
Ask for the crown prince. If I could just ask about direct... one second. Go ahead. Have you reached an agreement on a US-Saudi defense treaty today? And are you going to bring up the Abraham Accords in your discussion?
I already brought them up.
What did you say? I think I got a positive response. Would you like to respond?
Yeah. So, definitely we believe having a good relation with all the eastern country it's a good thing and we want to be part of the Abraham Accord, but we want also to be sure that we secure a clear path of two-state solution. And today we have a healthy discussion with Mr. President that we're going to work on that to be sure that we can prepare the right situation as soon as possible to have that happen.
I think we're, you know, I don't want to use the word commitment, but we've had a very good talk on the Abraham Accords. We talked about one state, two state, you know, we talked about a lot of things in a short period of time. We'll be discussing it further, too. But I think you have a very good feeling toward the Abraham Accords.
Yes, definitely, Mr. President. We want peace for the Israelis. We want peace for the Palestinians. We want them to coexist peacefully in the region, and we will do our best to reach that day.
And the defense agreement, have you reached agreement on that?
Question for the crown prince. If I could just finish. I wanted to ask you about the direct talks between the United States and Iran. Have you been fully briefed on that? And are you concerned at all about how this might impact Saudi security interests?
Well, we are close ally. We'll be working closely together on that issue and we will do our best to help to reach a deal between the rest of America and Iran. And we believe it's good for Iran future to have a good deal that will satisfy the region and the world and the rest of America. So we will do our best to see that they happen.
And by the way, Iran does want to make a deal. I can say I think they very badly want to make a deal. I am totally open to it and we're talking to them and we start a process. But it would be a nice thing to have a deal with Iran and we could have done it before the war but that didn't work out and something will happen there I think but they would very much like, I mean they may say something else but they would very much like to have a deal.
You are planning to sell the F-35 jets to Saudi Arabia. Is it part of the security agreement and how you assess the defense partnership between Saudi Arabia and the United States?
You said it though, I mean, I'm going to, we're going to sell them F-35s. That's the end of the question, I guess.
Part of the security agreement or no?
No, we're going to have a deal. They're going to purchase F-35s, buying them from Lockheed. And it's a great plane. We make, by the way, the best military equipment. You saw that during the Iran little skirmish. We make the best planes, the best missiles. We make the best defensive missiles. We make the best military equipment in the world.
Nice. For his royal highness, I'd like to ask you about how you see the cooperation between the United States and Saudi Arabia in the advanced technological field, especially AI, and how it will support Saudi Arabia to serve its goals to achieve the vision of 2030.
