
Wikipedia
Saudi Prince Mohammed bin Salman of Saudi Arabia informed President Donald Trump that the kingdom intends to invest $600 billion in new ventures and trade with the U.S. over the next four years, as reported.
According to the Saudi State news agency, during a phone conversation, Muhammed bin Salman expressed that anticipated reforms from the Trump administration could lead to “unprecedented economic prosperity.” The agency also mentioned that Saudi Arabia aims to take advantage of these favorable conditions, but it did not specify the sources of the $600 billion, how it would be allocated, or whether it would involve public or private funding. Bin Salman indicated to Trump that the investment “could increase further if additional opportunities arise.
President Trump developed strong ties with Saudi Arabia and other Gulf states during his first term. After he left office, Saudi Arabia made a significant investment of $2 billion in a company established by Jared Kushner, who is Trump’s son-in-law and former advisor. During his inauguration on Monday, Trump stated that he might select Saudi Arabia as his first foreign destination if Riyadh was willing to buy $500 billion in American merchandise.
Trump recalled his previous dealings with Saudi Arabia, stating, “I made a deal with them last time because they were willing to invest $450 billion in our products. I told them, ‘I’ll make it happen, but you need to purchase American goods,’ and they agreed.” After reclaiming the presidency in November, Trump attended a UFC event at Madison Square Garden alongside several notable figures.