Masayoshi Son, the CEO of Japanese telecom SoftBank, announced Tuesday that his company will be investing $50 billion and bringing 50,000 jobs to the US after a meeting with President-elect Donald Trump.

According to the Wall Street Journal, Son told reporters waiting at Trump Tower that the investment would come from a $100 billion fund created in partnership with the Saudi Arabia sovereign wealth fund and other investors.

Details on what sort of businesses the fund will invest in or the jobs created were not announced. But Son did show reporters a PowerPoint slide signed by Trump and Son with the vague numbers.

Shortly following the meeting, Trump tweeted the details of the agreement and claimed the deal never would have been done if "we (Trump) not won the election."

Trump and Masayoshi came down from his office in Trump Tower to announce the move to reporters gathered in the lobby of Trump Tower. Trump called Masayoshi "one of the great men of industry" before leaving the Softbank CEO to talk to reporters.

"I just came to celebrate his new job," Son said, according to a pool report. "I said, 'This is great. The US will become great again."

SoftBank is the second-largest telecom by market share in Japan after rival NTT.

The SoftBank move comes just a week after Trump announced a deal with United Technologies to keep 1,100 jobs at its Carrier plant in Indiana.