The United States agreed on Tuesday to sell Saudi Arabia an arms package worth nearly $142 billion, according to a White House fact sheet that called it "the largest defense cooperation agreement" Washington has ever done.

Trump met with Saudi Crown Prince Mohammed bin Salman and attended a US-Saudi investment forum along with Elon Musk and other top CEOs.

Trump pitched Saudi Arabia as the key to building peace and prosperity in the Middle East, contrasting the kingdom with the nuclear intransigence of Iran.

The United States and Saudi Arabia have discussed Riyadh's potential purchase of Lockheed's F-35 jets, two sources briefed on discussions told Reuters, referring to a military aircraft that the kingdom has reportedly been interested in for years.

The prospect of being the first U.S. institution to open an international branch campus in Saudi Arabia presents numerous advantages,” the university president said.

A British Bank of America analyst has been jailed for 10 years in Saudi Arabia apparently over a since-deleted social media post.

Although Trump recently attended the funeral of Pope Francis in Rome, Saudi Arabia was originally intended to be his initial overseas destination, just like in his first term. It served as a gilded debut for a foreign policy focused on securing cash infusions for American businesses.

BlackRock, Franklin Templeton, Northern Trust Asset Management, Neuberger Berman and I Squared Capital signed preliminary agreements with the roughly $925 billion wealth fund to invest in its efforts to develop a series of new investment strategies focused on Saudi Arabia and the wider Middle East and North Africa region.