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Saudi Arabia plans to invest $600 billion in U.S. over next 4 years, crown prince says in call with Trump

Saudi Arabia plans to invest $600 billion in U.S. over next 4 years, crown prince says in call with Trump

CBSN
Thursday, January 23, 2025 02:03:58 PM UTC

Dubai, United Arab Emirates — Saudi Arabia's crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Trump put a price tag on returning to the kingdom as his first foreign trip.

Mr. Trump's 2017 trip to Saudi Arabia upended a tradition of U.S. presidents first heading to the United Kingdom as their first trip abroad. It also underscored his administration's close ties to the rulers of the oil-rich Gulf states as his eponymous real estate company has pursued deals across the region as well.

The comments from Crown Prince Mohammed bin Salman, reported early Thursday by the state-run Saudi Press Agency, came in a phone call with Mr. Trump.

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