Saudi Arabia to invest $600 billion in U.S. over four years, says Crown Prince

His Royal Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, recently held a telephone conversation with U.S. President Donald J. Trump. During the call, the Crown Prince confirmed Saudi Arabia's plan to expand investment and trade with the United States over the next four years, with an amount reaching $600 billion, and potentially exceeding that figure.

During the call, Crown Prince Mohammed conveyed the congratulations of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, to President Trump, as well as his own congratulations on the President's inauguration. He also wished the friendly American people greater progress and prosperity under the President's leadership.

The two leaders discussed ways for Saudi Arabia and the United States to cooperate in promoting peace, security, and stability in the Middle East, as well as ways to strengthen bilateral cooperation in combating terrorism. Furthermore, they explored measures to strengthen bilateral relations in various fields. Crown Prince Mohammed noted that the U.S. government is expected to create unprecedented economic prosperity and opportunities through anticipated reforms, and Saudi Arabia hopes to participate in these cooperation and investment opportunities.

President Trump expressed his gratitude for the congratulations from the Custodian of the Two Holy Mosques and Crown Prince Mohammed, and emphasized his eagerness to cooperate with Saudi Arabia on all matters that benefit both countries. Following his inauguration on Monday, President Trump stated that he would consider Saudi Arabia as his first overseas destination if Riyadh agrees to purchase $500 billion worth of American products, similar to his approach during his first term. In his first term, President Trump chose Saudi Arabia for his first overseas visit, during which the two countries signed multiple investment agreements worth approximately $400 billion.