Saudi Arabia intends to invest $600bn in the US

Saudi Crown Prince Mohammed bin Salman told US President Donald Trump that the kingdom intends to broaden investments and trade with the US by at least $600 billion in the next four years.

The comments came during a telephone call to congratulate President Trump on winning a second term. 

During the call, Mohammed bin Salman wished “the friendly American people more progress and prosperity under the President's leadership,” state-owned Saudi Press Agency reported.  

The Crown Prince also noted the ability of the US administration to create economic prosperity and opportunity in the country through anticipated reforms, and expressed the kingdom’s willingness to participate in such opportunities for partnership and investment.  

The investment is promising by any standard, accounting for more than half of the kingdom’s gross domestic product. 

The White House did not publish any statement regarding the call but the Saudi report said both leaders also discussed cooperation between the two countries to promote security and stability in the Middle East.

Details suggesting proposed trade deals or the nature of these investments were not disclosed. 

US goods and services trade with Saudi Arabia was valued at an estimated $46.6 billion in 2022, of which exports accounted for $21.6 billion. 
The kingdom’s foreign direct investment in US (stock) was worth $6.8 billion in 2022, rising 7% on the previous year, according to the Office of the United States Trade Representative.