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Home Economy Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince

Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince

Prince Mohammed noted the U.S. administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms
Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince
Following his inauguration on Monday, Trump said that he would consider making Saudi Arabia his first destination for a foreign visit

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.

During the call, Prince Mohammed conveyed the congratulations of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and his own congratulations to the President on the occasion of his inauguration as President of the U.S., and wished the friendly American people more progress and prosperity under the President’s leadership.

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.

Read: UAE’s Hussain Sajwani to invest $20 billion in U.S. data centers, says Trump

Trump expressed his appreciation and thanks to the Custodian of the Two Holy Mosques and Prince Mohammed for their congratulations and affirmed his keenness to work with Saudi Arabia on all that benefits the interests of both countries.

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.
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