Saudi leader commits $600 billion investment in talks with Trump
- In Reports
- 10:58 AM, Jan 23, 2025
- Myind Staff
Saudi Crown Prince Mohammed Bin Salman informed President Donald Trump that his nation is prepared to increase its trade and investment with the United States by $600 billion over the next four years, or more if opportunities arise, according to the state-run news agency SPA.
According to SPA, the crown prince, often known as MBS, called the US president on Wednesday to congratulate him. During the call, Bin Salman expressed the kingdom's eagerness to explore partnership and investment opportunities that could arise from the anticipated reforms of the new administration. He said these reforms had the potential to bring about "unprecedented economic prosperity." The SPA report did not give additional details about the call or specify which reforms he was referring to.
Having maintained close relations throughout Trump's first term, the two leaders also talked about Saudi Arabia and the US working together to combat terrorism and promote peace and stability in the Middle East. The White House did not respond right away to a request for comment. Trump and the crown prince spoke during a time of significant changes in the Middle East. Iran, Saudi Arabia’s regional rival, has been weakened as its proxy groups, Hamas and Hezbollah, faced defeats by Israeli forces. Syria’s President Bashar al-Assad, a key ally of Iran, has been overthrown and sent into exile. Earlier this week, a ceasefire began in Gaza, bringing an end, at least temporarily, to the conflict between Israel and Hamas.
Trump may return to his nation as a result of the crown prince's action. The US president's first foreign trip in 2017 was to Saudi Arabia, which Trump said earlier this week occurred as the country committed to make a substantial investment in purchasing US goods, including weapons. According to Trump, he would be delighted to return to Saudi Arabia if it desired to purchase an additional $450 billion or $500 billion worth of American goods. That threshold would be readily crossed by the $600 billion deal.
Comments