Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the kingdom’s interest to invest $600 billion in the United States over the next four years. The announcement came following telephonic call with the U.S. President Donald Trump, who expressed his plan of visiting the Kingdom as part of his first foreign trip after assuming the office.
The declaration by President Trump about heading to the kingdom came after his presidential inauguration ceremony wherein he briefed reporters at the Oval office about his potential plans to visit the Saudi Arabia. President Trump stated “the first foreign trip typically has been with the U.K. but… I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products”. “If Saudi Arabia wanted to buy another $450 billion or $500- we’ll up it for all the inflation- I think I’d probably go”.
According to the sources, the Crown Prince of Saudi Arabia extended his greetings to President Trump on the occasion of his inauguration and wished the friendly American people more progress and prosperity under the President’s leadership. The two leaders discussed ways for cooperation between the countries in order to promote peace, security and stability in the Middle East, in addition to enhancing bilateral cooperation. The leaders also discussed ways to enhance bilateral ties in various areas, with the Crown Prince marking the U.S. administration’s ability to create unprecedented economic prosperity and opportunity through anticipated reforms in the U.S., with the kingdom seeking to participate in these opportunities for partnership and investment. The Crown Prince affirmed the Kingdom’s attention to broaden its investment and trade with the U.S. over next four years, in the amount of $600 billion, and potentially beyond that.
President Donald Trump’s visit to Saudi Arabia in 2017
President Donald Trump’s visit to Saudi Arabia in 2017 marked his first official foreign trip brought in a renewed approach in the U.S.-Saudi Arabia ties, emphasizing U.S.’s strategic partnership with Saudi Arabia and its importance in the Middle East. To that end, several significant investment agreements were established, including in the domain of arms and defense, energy sector, and infrastructure among others.
These agreements only reinforced a stronger and pivotal U.S.-Saudi Arabia partnership, showcasing mutual commitment to economic collaboration and strategic partnership.