Saudi Arabia plans to spend $600b in investments, trade with US
Saudi Arabia has announced plans to significantly increase its investments and trade with the United States, aiming for a total of $600 billion or more over the next four years.
The announcement followed a phone conversation between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump, who assumed office earlier this week. The discussion, reported by the Saudi Press Agency (SPA), covered a range of topics, including bilateral relations, regional developments, and strategies for enhancing cooperation.
During the call, Crown Prince Mohammed bin Salman congratulated President Trump on his inauguration and expressed Saudi Arabia's commitment to strengthening ties with the US. The leaders also discussed collaborative efforts to promote peace, security, and stability in the Middle East, as well as boosting joint measures to combat terrorism.
The crown prince highlighted Saudi Arabia's intention to broaden economic collaboration with the US, pledging investments and trade worth $600 billion or more over the coming years. This ambitious plan aligns with the kingdom’s ongoing efforts to diversify its economy and strengthen international partnerships.
During Trump’s first term in office (2017–2021), US-Saudi relations were notably warm. Trump’s first official overseas visit as president was to Saudi Arabia, symbolizing the importance of the bilateral relationship. At the time, Trump emphasized the potential for economic cooperation, stating he would consider a return visit if Saudi Arabia committed to purchasing $500 billion worth of American products.
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