Following his three-nation tour of the Gulf, U.S. President Donald Trump has praised Saudi Arabia’s economic diversification efforts, stating that “within a few years, 50% of Saudi Arabia’s income will come from non-oil sources.” 

The remark, made during a Fox News interview, aligns with recent figures from Saudi Arabia’s Vision 2030 report, which shows non-oil sectors contributing 51% to real GDP in 2024—a historic milestone driven by the government’s reform agenda.

Trump’s regional visit, which included stops in Saudi Arabia, the UAE, and Qatar, was marked by sweeping economic agreements and geopolitical developments. 

In Saudi Arabia, he signed a Strategic Economic Partnership with Crown Prince Mohammed bin Salman, centered on investment in U.S. AI data centers, energy infrastructure, and next-generation technologies. 

The total value of signed agreements across the region reached $600 billion, with $80 billion pledged by companies like Google, Uber, Salesforce, AMD, and Saudi-based DataVolt toward tech innovation in both countries.

The White House also announced that American firms will take on key development projects in Saudi Arabia, including the King Salman International Airport, King Salman Park, Qiddiya City, and The Vault. These are expected to generate approximately $2 billion in U.S. service exports.

The visit coincided with the launch of Saudi Arabia’s AI initiative, Humain, reflecting KSA’s drive to position itself as a leader in advanced technology and move beyond its traditional oil-based economy.

Trump also secured a deal allowing the U.S. to transport cargo between Saudi Arabia and third countries without transiting through the U.S.—a move described by the administration as crucial for future cargo hub operations.