00:00Ladies and gentlemen, the President of the United States.
00:30I want to thank you because you've agreed to invest $600 billion into the United States.
00:46And because he's my friend, he might make it a trillion, but I'm going to have to work on him.
00:51But it's 600.
00:53We can count on 600 billion, but that number could go up a little bit higher.
00:59Yes, sir.
00:59I don't know.
01:00We'll see.
01:01But we appreciate it very much.
01:03So Saudi is going to be investing at least $600 billion.
01:07And that means investments in plants, in companies, money on Wall Street.
01:13And what it really means for everybody that really counts as jobs, a lot of jobs.
01:19We have a lot of jobs.
01:20So I just want to thank you.
01:22We've been really good friends for a long period of time.
01:24We've always been on the same side of every issue.
01:26I'd like to say a few words, but thank you very much.
01:29Well, thank you, Mr. President.
01:30I believe, Mr. President, 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.
01:42And the agreement that we are signing today in many areas in technology, in AI, in air materials, magnets, et cetera, that will create a lot of investment opportunities.
01:54So you are doing that now?
01:55So you are saying to me now that the $600 billion will be $1 trillion?
02:00Definitely, because what we are signing, it will facilitate that.
02:03I like that very much.
02:07Got it.
02:08You work hard.
02:09No, that's great.
02:10I appreciate that.
02:11That's great.
02:12No, we're doing numbers that nobody's ever done.
02:14And in all fairness, if you didn't see potential in the U.S., you wouldn't be doing that.
02:18Definitely.
02:19You don't want to lose money.
02:20As you said, Mr. President, it's the most hottest country on the planet.
02:23I want to just tell you what an honor it is to be your friend.
02:27And I very much appreciate the investment of that $1 trillion, okay?
02:32So I'm glad you got that out.
02:33I didn't want to be the one to tell him, but that's great news.
02:36You keep increasing, Mr. President.
02:37Mr. President, have you approved the export licenses for advanced chips to Saudi Arabia, the export licenses?
02:46We are working on that.
02:47We're negotiating that right now.
02:48Certain levels of chips, yeah.
02:50We are not creating fake opportunities to, you know, please America or please Trump.
02:56It's real opportunities.
02:57For example, when you ask about the AI and the chips, Saudi Arabia has a huge demand, a huge need of computing power.
03:04And we're going to spend, in the short term, around $50 billion by consuming those semiconductors for our needs in Saudi Arabia.
03:13And with the agreement that we're going to have with the United States of America that will allow us to focus that consuming power in the short term by $50 million from the United States of America and long term with hundreds of billion dollars in the long term.
03:26So there's a lot of real opportunities that fit to our needs in Saudi Arabia and fit to our investment strategy.
03:32And the defense agreement, have you reached agreement on that?
03:35We pretty much have.
03:36We have reached agreement on that.
03:41Okay.
03:42You said you are planning to sell the F-35 jets to Saudi Arabia.
03:46Is it part of the security agreement and how you assess the defense partnership between Saudi Arabia and the United States?
03:54And the question was...
03:55Well, I just said it, though.
03:56I mean, I'm going to...
03:57We're going to sell them F-35s.
03:59That's the end of the question, I guess.
04:00Is it part of the security agreement or no?
04:02No, we're going to have...
04:03No, we're going to have a deal.
04:05They're going to purchase F-35s.
04:07They're buying them from Lockheed.
04:09And it's a great plane.
04:11We make, by the way, the best military equipment.
04:13And you saw that during the Iran little skirmish.
04:16We make the best planes, the best missiles.
04:19We make the best defensive missiles.
04:22We make the best military equipment in the world.
04:25Do you expect a formal civil nuclear deal to be reached soon?
04:29Can you talk to us about that aspect of today's...
04:32With Saudi Arabia?
04:32I can see that happening.
04:34Do you think that that will...
04:35An agreement will happen today?
04:36It's not urgent.
04:38It's always...
04:39When you have civil nuclear, but you have more oil than almost anybody else.
04:43We actually have more oil and gas than they do when I refuse to say that.
04:47We have more than...
04:48We have more than anybody.
04:50Can you imagine?
05:13You
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