Saudi Crown Prince plans $600 billion investment in the U.S

Saudi Arabian Crown Prince Mohammed bin Salman told U.S. President Donald Trump that the kingdom plans to invest $600 billion in expanding trade and investment with the United States over the next four years, according to a report by the Saudi state news agency on Thursday.

During a phone call between the two leaders, Crown Prince Mohammed bin Salman emphasised that the expected economic reforms under the Trump administration could lead to “unprecedented economic prosperity,” creating a favourable environment for Saudi investments. The report did not specify whether the $600 billion would come from public or private sources or how the funds would be allocated.

The crown prince also mentioned that the investment could increase if additional opportunities arise, suggesting a flexible and ambitious approach to enhancing economic ties between the two countries.

Trump has cultivated strong relationships with Gulf states, including Saudi Arabia, throughout his presidency. Notably, after leaving office, Trump’s son-in-law, Jared Kushner, secured a $2 billion investment in a firm he formed with the kingdom.

In his first speech after his inauguration on Monday, President Trump hinted at making Saudi Arabia his first foreign destination if the kingdom agreed to purchase $500 billion worth of U.S. products. He referenced a similar arrangement during his 2017 visit to the Gulf country, where Saudi Arabia committed to buying $450 billion in American goods.