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Saudi Crown Prince pledges $600 billion investment in US over next 4 years during call with Trump

  • Saudi Arabia plans $600 billion investment in the US over four years, diversifying economic ties and sectors
  • Investment focuses on technology, entertainment, and healthcare, continuing Saudi Arabia’s shift away from oil dependency
  • US-Saudi cooperation on defense and regional security remains strong despite reduced oil reliance and changing dynamics

23 Jan 2025

Saudi Crown Prince pledges $600 billion investment in US over next 4 years during call with Trump

Saudi Arabia’s Crown Prince Mohammed bin Salman confirmed the kingdom’s intention to invest $600 billion in the United States over the next four years. This pledge was shared during a phone call with US President Donald Trump. The two leaders discussed expanding bilateral trade and investment, with the possibility of the total investment surpassing the $600 billion target. The specifics of where these investments will be allocated, however, were not disclosed.

The announcement comes as Saudi Arabia looks to diversify its economy, moving away from its heavy reliance on oil exports. Over recent years, Saudi Arabia’s sovereign wealth funds, such as the Public Investment Fund (PIF), have been increasing their stakes in various US industries, including technology, entertainment, and healthcare. The kingdom has also explored investments in American sports and infrastructure, although further details were not provided in the announcement.

The investment commitment of $600 billion is part of Saudi Arabia's broader economic strategy, which aligns with Crown Prince Mohammed bin Salman’s Vision 2030. This initiative aims to transform Saudi Arabia's economy by reducing its dependency on oil and fostering growth in non-oil sectors. The kingdom has already made significant investments in US companies, including tech giants, and it is expected that future investments will continue to focus on diversification and innovation.

This renewed focus on economic cooperation comes at a time when the United States has reduced its dependence on Saudi oil, with increased domestic production and a broader energy transition strategy. Despite this shift, the US and Saudi Arabia continue to maintain a close partnership, particularly in defense, counterterrorism, and regional security issues. The $600 billion investment would play a crucial role in enhancing bilateral relations and reinforcing economic ties between the two nations.

The phone call between President Trump and Crown Prince Mohammed bin Salman also touched on regional security matters. The two leaders have cooperated on various issues, including efforts to combat terrorism and promote stability in the Middle East. Saudi Arabia remains a key ally of the US in the region, especially concerning Iran’s influence and activities in countries like Yemen, Syria, and Iraq. The ongoing tensions with Iran and the broader Middle East security challenges were discussed during the call, underscoring the importance of US-Saudi collaboration.

President Trump has previously stated that if Saudi Arabia were to invest an additional $450 billion to $500 billion in the US, he would consider making Saudi Arabia his first foreign trip in his second term. Given the new $600 billion investment pledge, the prospect of such a visit seems likely. During his first term, Trump’s 2017 trip to Saudi Arabia marked his first international visit, where he secured significant economic deals, including a $450 billion arms agreement.

The geopolitical context surrounding the announcement involves a number of shifting dynamics in the Middle East. Saudi Arabia’s strategic goals, particularly in relation to its rivalry with Iran and efforts to stabilize the region, continue to align with US interests. The broader security situation in the region, including ongoing conflicts in Syria, Yemen, and Gaza, remains a key area of focus for both countries. Additionally, Saudi Arabia has been in discussions with the Biden administration regarding potential deals to diplomatically recognize Israel, further shaping the political landscape of the Middle East.

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Saudi Crown Prince pledges $600 billion investment in US
Saudi Arabia plans $600 billion investment in the US over four years, diversifying economic ties and sectors





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