Saudi Arabian Crown Prince Mohammed bin Salman has expressed plans to expand investment and trade with the United States by $600 billion over the next four years, according to the Saudi State News Agency.
In a phone call with President Donald Trump, the crown prince highlighted the potential economic prosperity anticipated from the Trump administration’s reforms. He noted that Saudi Arabia aims to capitalize on these favorable conditions through significant investments, with the figure potentially increasing if new opportunities arise.
Details on whether the $600 billion would come from public or private sources, or how it would be allocated, remain unclear.
Trump, who has historically maintained strong ties with Gulf states, indicated he might make Saudi Arabia his first foreign visit of his new term, contingent on Riyadh agreeing to purchase $500 billion worth of American products, echoing his approach during his first presidency.
“I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products. I said I’ll do it, but you have to buy American products, and they agreed,” Trump stated, referencing his 2017 visit to the kingdom.
This announcement builds on previous collaborations, including Saudi Arabia’s $2 billion investment in a firm established by Jared Kushner, Trump’s son-in-law, after Trump’s first term in office.
