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Saudi Arabia Plans $600 Bln Expansion in US Investments


Thu 23 Jan 2025 | 02:41 PM
Israa Farhan

Saudi Arabia has announced plans to significantly expand its investments and trade relations with the United States, committing $600 billion over the next four years.

The ambitious plan aims to further strengthen economic and strategic ties between the two nations.

Crown Prince Mohammed bin Salman, who also serves as Saudi Arabia's Prime Minister, conveyed the Kingdom’s vision during a phone call with US President Donald Trump on Wednesday.

The call marked a gesture of congratulations to Trump on his inauguration and emphasized Saudi Arabia’s eagerness to collaborate on fostering regional stability and economic growth.

Discussions during the call focused on enhancing bilateral relations, with particular emphasis on trade, investment, and security cooperation.

Prince Mohammed highlighted Saudi Arabia’s intent to leverage expected reforms under the Trump administration to drive unprecedented economic growth.

He underscored the Kingdom’s desire to seize available opportunities for partnerships and investments, suggesting that the $600 billion commitment could increase further if additional opportunities arise.

The Crown Prince also reaffirmed Saudi Arabia's commitment to working alongside the United States to promote peace and stability in the Middle East while intensifying joint efforts to combat terrorism.