American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Crown Prince to Trump: Saudi Arabia eyes $600B US investment, trade push over next 4 years

by admin January 23, 2025
January 23, 2025
Crown Prince to Trump: Saudi Arabia eyes $600B US investment, trade push over next 4 years

Saudi Arabian Crown Prince Mohammed bin Salman has informed President Donald Trump of the kingdom’s plan to invest $600 billion in expanded trade and economic ties with the United States over the next four years, according to Saudi Arabia’s state news agency.

During a phone conversation, Crown Prince Mohammed said that the Trump administration’s expected economic reforms could pave the way for “unprecedented economic prosperity,” creating fertile ground for increased Saudi investments.

While details of the $600 billion investment—such as its sources and allocation—remain unclear, the crown prince suggested that the figure could rise if additional opportunities emerge.

Earlier in the week, Trump suggested he may make Saudi Arabia the destination for his first foreign visit following his election, provided Riyadh agrees to purchase $450 to $500 billion worth of American products, as he claims occurred during his 2017 inauguration and subsequent visit.

Responding to reporters’ questions about his international travel plans, Trump remarked, “Traditionally, the first foreign trip has been to the UK, but I chose Saudi Arabia last time because they agreed to buy $450 billion worth of American products.”

He added, “I told them I’d make the trip, but only if they committed to buying American goods, and they did. It was probably the most underreported story I’ve ever been part of.”

When asked about a potential repeat visit, Trump said, “If Saudi Arabia wanted to buy another $450 or $500 billion—adjusted for inflation—I think I would likely go there.”

Trump and Saudi Arabia

Saudi Arabia has previously demonstrated strong economic ties with the Trump administration.

Trump’s 2017 visit to Saudi Arabia was a landmark event, as it marked the first time a US president selected a Middle Eastern country for their inaugural foreign trip.

The visit featured a summit with leaders from the Gulf Cooperation Council (GCC) and focused on counterterrorism, economic collaboration, and countering Iran’s regional influence.

A $110 billion arms deal with Saudi Arabia was announced during the trip, with projections of $350 billion over ten years.

However, subsequent reports, including an analysis by the Associated Press in 2018, suggested the actual agreements were far smaller, with confirmed purchases totaling $14.5 billion at that time.

The Trump administration worked to bolster ties with Gulf nations by emphasizing arms sales and economic partnerships while aligning with Saudi-led efforts to counter Iran.

However, relations faced challenges, particularly after the 2018 murder of journalist Jamal Khashoggi, which sparked bipartisan criticism of U.S. support for Saudi Arabia.

Following Trump’s departure from office, the Saudi sovereign wealth fund invested $2 billion in a firm founded by Jared Kushner, Trump’s son-in-law and former senior adviser.

The post Crown Prince to Trump: Saudi Arabia eyes $600B US investment, trade push over next 4 years appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Gold prices snap three-day rally: what’s next?
next post
Stargate Project: groundbreaking AI infrastructure or empty hype?

Related Posts

Singapore revises 2024 growth forecast to 3.5% amid...

November 23, 2024

Prolonged weakness in gold prices seems unlikely, say...

November 17, 2024

In shock result, allies of jailed ex-leader Khan...

February 11, 2024

Exclusive: Ukraine must adapt to a reduction in...

February 2, 2024

Trump moves nuclear submarines near Russia: what triggered...

August 3, 2025

Badly burned and no escape: Girl, 9, among...

June 17, 2024

‘There’s no more life’: Khan Younis residents return...

April 10, 2024

Taylor Swift fans express heartbreak, fear and relief...

August 8, 2024

BP shares rise after Elliott reveals 5% stake:...

April 23, 2025

‘Ping pong-sized’ hailstones ravage famous French wine region

May 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved