Saudi Arabia Pledges $600 Billion in Investment and Trade With U.S.: Crown Prince to Trump

RIYADH, Jan 23 (Alliance News): Saudi Crown Prince Mohammed bin Salman informed former U.S. President Donald Trump that the kingdom plans to invest $600 billion in expanded trade and investments with the United States over the next four years, according to Saudi state media on Thursday.

In a phone conversation, the Crown Prince praised Trump’s anticipated economic reforms, suggesting they could foster “unprecedented economic prosperity” and create mutually beneficial opportunities.

The Saudi state news agency emphasized that the planned investments could increase further if favorable conditions arise, though details about the funding sources or specific projects were not disclosed.

This development follows Saudi Arabia’s history of close economic and security ties with the United States.

During Trump’s previous tenure, Saudi Arabia agreed to purchase $450 billion worth of U.S. products, which formed the backdrop of his 2017 state visit to Riyadh—his first as president.

Trump indicated he might prioritize visiting Saudi Arabia again if the kingdom commits to buying $500 billion worth of American products. He also highlighted Saudi investments in ventures linked to Jared Kushner, his son-in-law, after his presidency ended, as evidence of their deepening bilateral relationship.

Under Trump’s first administration, ties with Gulf allies, particularly Saudi Arabia, strengthened through defense, energy, and trade cooperation.

Riyadh has since maintained its interest in bolstering ties through investments and business initiatives involving Trump’s privately-owned conglomerate, the Trump Organization.