President Donald Trump signed a multi-billion-dollar arms and economic deal with Saudi Arabia Saturday in a move intended to strengthen the U.S.-Saudi Arabian alliance against ISIS on the president’s first foreign trip.

The agreement is worth $110 billion effective immediately and $350 billion over 10 years, in an effort to equip Saudi Arabia and Persian Gulf partners in the fight against ISIS. The agreement will provide fighter jets, tanks, combat ships and anti-missile defense systems and create defense-sector jobs in the U.S., according to the White House. The deal includes additional private-sector agreements and a joint vision statement with Saudi Arabia, one of the world’s largest oil producers.

“That was a tremendous day,” Mr. Trump told reporters. “Tremendous investments in the United States.”

“Hundreds of billions of dollars of investments into the United States and jobs, jobs, jobs.” he continued.

The agreement signals a strengthening relationship between the U.S. and Saudi Arabia, and distances the U.S. from Iran, Saudi Arabia’s adversary. Mr. Trump is reportedly preparing to announce his support for an “Arab NATO” to counter a growing Iranian influence in the region.

White House economic adviser Gary Gohn told reporters traveling with the president that the deal will “invest a lot of money in the U.S. and have a lot of U.S. companies invest and build things over here.”

“They’re going to hire U.S. companies a bunch of infrastructure related things,” Cohn continued, adding that the deal means “big dollars.”