Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim said on Friday that the $600 billion pledge of expanded investment and trade with the U.S. committed by Saudi Arabia’s Crown Prince Mohammed bin Salman will include investments and procurement from the public and private sectors.
“This number represents investments, procurement, public and private sector, and it’s just a mirror reflection of the strong relationship,” Alibrahim said during his participation in a panel at Davos 2025 when he was asked if the Kingdom would increase the figure to $1 trillion, as Trump suggested to the forum on Thursday.
“What we’ll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number,” Alibrahim added.
Kingdom focused on long-term oil market stability
When asked if Saudi Arabia would reduce oil prices after Trump told Davos he would tell the Kingdom and OPEC to do so, Alibrahim said the Kingdom was focused on long-term oil market stability.
“The Kingdom’s position, OPEC’s position, is all about long-term market stability to make sure that there’s enough supply for the growing demand,” including from the U.S. and for artificial intelligence, he said.
Trump considers first foreign visit to Saudi Arabia
His Royal Highness Prince Mohammed bin Salman, Saudi Arabia Crown Prince and Prime Minister, recently held a phone call with U.S. President Donald J. Trump where he affirmed the Kingdom’s intention to broaden its investments and trade with the U.S. over the next four years with an amount of $600 billion, and potentially beyond that.
The two leaders discussed ways for cooperation between Saudi Arabia and the U.S. to promote peace, security and stability in the Middle East, in addition to enhancing bilateral cooperation to combat terrorism.
They also discussed ways to enhance bilateral ties in various areas. Prince Mohammed noted the U.S. administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms, stating that Saudi Arabia seeks to participate in these opportunities for partnership and investment.
Following his inauguration on Monday, Trump said that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy $500 billion worth of American products, similar to what he did in his first term. Trump made Saudi Arabia his first foreign visit during his first term when the countries signed several investment agreements worth about $400 billion.
Read: Saudi Arabia to host regular global WEF meetings starting Spring 2026
Saudi Arabia to host regular WEF meetings
Alibrahim also announced today that the Kingdom, in partnership with the World Economic Forum (WEF), will host a global WEF meeting regularly in the Kingdom, starting in the Spring of 2026.
“Last year in April, the Kingdom of Saudi Arabia and the World Economic Forum hosted a very successful special meeting in Riyadh under the patronage of his H.R.H Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, Prince Mohammed bin Salman. Now, building on the success of this meeting, Saudi Arabia and the World Economic Forum are happy to announce that we will host a regular World Economic Forum global meeting in the Kingdom,” Alibrahim stated.
