Alibrahim says Saudi Arabia’s $600 billion pledge to U.S. to include investments, procurement

Saudi Arabia's Minister of Economy and Planning, Faisal Al-Ibrahim, stated on Friday that the $600 billion commitment by Saudi Crown Prince Mohammed bin Salman to expand investment and trade with the United States will include both public and private sector investments and procurements. This pledge underscores the robust relationship between the two nations.

During a panel discussion at the Davos 2025 forum, when asked if Saudi Arabia would increase its investment to the $1 trillion figure proposed by Trump on Thursday to the forum, Al-Ibrahim said, "This figure represents both public and private sector investments and procurements, and it is simply a true reflection of the strong relationship between the two countries." He further added, "From 'Vision 2030' until 2030, our economic spending will be 12 times this figure."

When questioned about whether Saudi Arabia would lower oil prices after Trump told Davos that he would ask Saudi Arabia and OPEC to lower prices, Al-Ibrahim stated that Saudi Arabia is focused on long-term oil market stability. "Saudi Arabia's position, and OPEC's position, is for long-term market stability to ensure there is adequate supply to meet growing demand, including from the U.S. and from AI," he said.

Saudi Crown Prince and Prime Minister Mohammed bin Salman recently had a phone call with U.S. President Donald J. Trump, during which he affirmed Saudi Arabia's intention to expand investment and trade with the United States by $600 billion over the next four years, with the possibility of exceeding that figure. The two leaders discussed ways in which Saudi Arabia and the United States can cooperate to promote peace, security, and stability in the Middle East, as well as to enhance bilateral counterterrorism cooperation.

They also discussed ways to strengthen bilateral relations in various fields. Crown Prince Mohammed noted the U.S. government's capacity to create unprecedented economic prosperity and opportunities through anticipated reforms, and expressed Saudi Arabia's desire to participate in these partnerships and investment opportunities. Trump stated that he would consider Saudi Arabia as his first trip destination after taking office on Monday, similar to what he did during his first term, if Riyadh agreed to purchase $500 billion worth of U.S. products. Trump chose Saudi Arabia for his first foreign visit during his first term, where the two countries signed investment agreements worth approximately $400 billion.

Al-Ibrahim also announced today that Saudi Arabia will partner with the World Economic Forum (WEF) to regularly host global WEF meetings in Saudi Arabia, starting in the spring of 2026. Al-Ibrahim stated, "Last April, the Kingdom of Saudi Arabia and the World Economic Forum successfully held a special meeting in Riyadh under the patronage of His Royal Highness Crown Prince and Prime Minister Mohammed bin Salman. Now, building on the success of that meeting, Saudi Arabia and the World Economic Forum are pleased to announce that we will be regularly hosting global World Economic Forum meetings in the Kingdom of Saudi Arabia."