U.S. President Donald Trump said on Monday he plans to visit Saudi Arabia as early as May to sign an investment agreement in what will be the first foreign trip of his second term, with stops also planned in Qatar and the United Arab Emirates.

"It could be next month, maybe a little later," Trump told reporters in the Oval Office.

Trump, reiterating remarks he made in early March, said his trip to Saudi Arabia would be to seal an agreement to invest upwards of $1 trillion in the U.S. economy, including purchases of military equipment.

He suggested similar agreements would be signed in Qatar and the UAE.

"Tremendous jobs will be created in those two or three days," Trump said. The president did not elaborate on the specifics of the deals.

Other topics likely to be discussed include Russia's three-year-old war in Ukraine and the war in Gaza, one source said.

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