Saudi Crown Prince Discusses $600 Billion Investment with Trump

Riyadh/Washington: Saudi Arabia’s Crown Prince Mohammed bin Salman has reportedly expressed the kingdom’s intention to invest $600 billion in expanded trade and investments with the United States over the next four years, according to the Saudi state news agency.

In a phone conversation with former U.S. President Donald Trump, the crown prince praised the Trump administration’s anticipated reforms, calling them a pathway to “unprecedented economic prosperity.” The Saudi state agency reported that the proposed investments aim to capitalize on these expected conditions.

Details regarding the funding source, whether public or private, and the exact allocation of the $600 billion were not disclosed. However, the crown prince indicated that the figure “could increase further if additional opportunities arise.”

This conversation highlights the continued rapport between Trump and Gulf states, particularly Saudi Arabia, which had invested $2 billion in a venture formed by Trump’s son-in-law and former senior advisor, Jared Kushner, after Trump left office.

Trump, who recently took office following his inauguration on Monday, hinted at the possibility of making Saudi Arabia his first overseas destination once again—contingent on Riyadh agreeing to purchase $500 billion worth of American products.

“I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product,” Trump said, referring to his 2017 visit to the kingdom. “I said I’ll do it, but you have to buy American products, and they agreed to do that.”

Saudi Arabia has yet to issue further details on the proposed investment plan or its alignment with the Trump administration’s expected policies.