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Saudi Crown Prince Mohammed bin Salman informed U.S. President Donald Trump that Saudi Arabia plans to invest $600 billion into expanding trade and investment with the United States over the next four years.
This statement was made during a phone call between the two leaders. The Saudi Arabian State news agency reported that the Crown Prince expressed that the reforms expected under the Trump administration could lead to "unprecedented economic prosperity."
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The $600 billion investment would significantly strengthen the economic relationship between Saudi Arabia and the U.S. This is part of Saudi Arabia’s broader strategy to diversify its economy under its Vision 2030 plan, moving away from a dependence on oil.
Moreover, this initiative underscores the kingdom’s interest in deepening its global economic ties with key partners like the U.S., which plays a crucial role in global markets.
This planned investment forms part of Saudi Arabia’s larger economic diversification effort under its Vision 2030. The country is seeking to reduce its dependence on oil exports and invest in new sectors, such as technology, infrastructure, and renewable energy.
The U.S.-Saudi relationship has also been marked by several major investment deals, including a $2 billion investment in a firm linked to Trump’s son-in-law, Jared Kushner.
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