Saudi Arabia has unveiled plans to inject $600 billion into trade and investment collaborations with the United States over the next four years, as disclosed by the kingdom’s state news agency on Thursday. Crown Prince Mohammed bin Salman conveyed this ambitious initiative during a phone conversation with former U.S. President Donald Trump.
The crown prince expressed confidence that the anticipated economic policies under a potential Trump administration could pave the way for “unprecedented economic prosperity.” The report highlighted that Saudi Arabia aims to take advantage of these favorable conditions through strategic financial engagements.
While the specifics regarding the funding sources—whether public or private—were not detailed, the report suggested that the proposed investment amount “could increase further if additional opportunities arise.”
Trump, known for fostering strong ties with Gulf nations, particularly Saudi Arabia, during his presidency, previously facilitated major investment agreements. After leaving office, a Saudi investment fund allocated $2 billion to a company founded by Jared Kushner, Trump’s son-in-law and former senior adviser.
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Following his recent inauguration on Monday, Trump hinted at selecting Saudi Arabia as his first foreign destination, contingent on Riyadh committing to a $500 billion purchase of American goods. He recalled a similar agreement from his first term, when Saudi Arabia pledged to buy $450 billion worth of U.S. products.
“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 to that,” Trump remarked, referencing his 2017 visit to the Gulf nation.
