Saudi Arabia's Crown Prince Mohammed bin Salman pledges a massive $600 billion investment in the United States over the next four years, potentially exceeding the GDP of many nations. The announcement follows President Donald Trump's hint at prioritizing Saudi Arabia for his first foreign trip since inauguration, echoing his 2017 visit that secured a $450 billion deal. The investment comes amid budgetary pressures for Saudi Arabia due to depressed oil prices and ambitious projects like NEOM and preparations for the 2034 FIFA World Cup.
Saudi Arabia's Crown Prince Mohammed bin Salman announced the kingdom's intention to invest $600 billion in the United States over the next four years during a phone call with President Donald Trump on January 24, 2025. This announcement followed Trump's statement indicating his possible preference for Saudi Arabia as his first foreign trip since his inauguration, echoing his 2017 visit where he secured a $450 billion purchase agreement for American products.
The $600 billion investment pledge, potentially surpassing the GDP of numerous nations, signifies a significant commitment from the kingdom despite facing budgetary constraints due to global oil price fluctuations.The White House confirmed the call, stating that the two leaders discussed regional stability, security, counterterrorism efforts, and the kingdom's economic ambitions. While the specific sectors for investment remain undisclosed, the statement highlighted the potential for increased trade and mutual prosperity. The crown prince also engaged in a separate call with U.S. Secretary of State Marco Rubio earlier on the same day. Trump's 2017 visit to Saudi Arabia initiated a multi-year boycott of Qatar by several Arab nations, including the kingdom. Despite the controversy surrounding the 2018 killing of Jamal Khashoggi, a Washington Post columnist, Trump maintained close ties with Saudi Arabia. Saudi Arabia has also been in discussions with the Biden administration regarding a comprehensive diplomatic deal to normalize relations with Israel in exchange for U.S. defense guarantees and support. This new investment pledge adds another layer to the complex relationship between the United States and Saudi Arabia, particularly amidst the kingdom's pursuit of diversification and ambitious projects like NEOM, a futuristic city in the desert, and preparations for the 2034 FIFA World Cup
SAUDI ARABIA UNITED STATES INVESTMENT DONALD TRUMP MOHAMMED BIN SALMAN OIL NEOM WORLD CUP
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