Saudi Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom plans to invest $600 billion in expanded trade and investment with the United States over the next four years, according to the Saudi State news agency.
In a phone call between the two leaders, the crown prince said the expected reforms from the Trump administration could lead to “unprecedented economic prosperity,” and Saudi Arabia aims to capitalize on these opportunities. The report did not specify whether the $600 billion would come from public or private sources or how it would be allocated.
Trump had cultivated close relations with Gulf states, including Saudi Arabia, during his first term. The country invested $2 billion in a firm formed by Trump’s son-in-law, Jared Kushner, after Trump left office.
Trump said after his inauguration that he would consider making Saudi Arabia his first foreign visit if the kingdom agreed to purchase $500 billion worth of American products, similar to his first term agreement.
