Saudi Crown Prince Announces $600 Billion U.S. Investment Plan Over Four Years in Call with Trump

Jan 23, 2025, 12:34 AM

Saudi Crown Prince Mohammed bin Salman has announced plans to increase Saudi Arabia's investments and trade with the United States by at least $600 billion over the next four years. This intention was communicated during a phone call with President Donald Trump, as reported by the Saudi state news agency. The Crown Prince indicated that the investment could potentially increase if further opportunities arise. This move comes as part of Saudi Arabia's strategy to strengthen economic ties with the U.S., amidst anticipated reforms under Trump's administration that could lead to economic prosperity. Trump has expressed interest in making Saudi Arabia his first foreign trip, similar to his 2017 visit, if the kingdom agrees to significant purchases of American products.