Saudi Arabian Crown Prince Mohammed bin Salman informed President Donald Trump of the kingdom’s keen interest in investing $600 billion in expanded trade and investments with the U.S. over the next four years, according to the Saudi state news agency on Thursday.
During a phone call between the two leaders, the Crown Prince highlighted that the proposed reforms could pave the way for ‘unprecedented economic prosperity.’ The report also mentioned Saudi Arabia’s willingness to make investments under certain conditions. However, it did not specify whether the $600 billion would come from public or private funds, nor how it would be allocated. It was noted that the investment “could increase further if additional opportunities arise.”
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President Trump, in turn, reiterated that he would consider making Saudi Arabia his first foreign destination during his next term if Riyadh agreed to buy $500 billion worth of American products, similar to his first tenure.
”I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products. I said I’d do it, but you have to buy American products, and they agreed to do that,” Trump said, referring to his 2017 visit to the Gulf kingdom.
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