Trump has had a close relationship with the crown prince, Mohammed Bin Salman, even as his real estate company does major deals with oil-rich kingdom.
The comments from Crown Prince Mohammed bin Salman came after President Donald Trump mused about returning to the kingdom as his first foreign trip.
The US-brokered agreement with Israel of the United Arab Emirates, Morocco, Sudan and Bahrain in 2020 is called the ‘Abraham Accord’. Through this agreement, UAE and Bahrain restored their diplomatic relations with Israel. The deal ended decades of Israeli boycott of the Gulf countries.
President Donald Trump has invited Israeli Prime Minister Benjamin Netanyahu to visit the White House on Feb. 4, making the Israeli premier the first foreign leader to be invited to the White House in Trump’s second term.
U.S. President Donald Trump told global business leaders on Thursday they should manufacture products in the United States to avoid import tariffs and enjoy low tax rates.
While addressing the World Economic Forum in Davos one day later, Trump said that he will ask MBS, whom he called a “fantastic guy”, to round up the $600bn pledge to “around $1trn”. Trump asserted that the Saudis would do this “because we’ve been very good to them”.
Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.
Saudi Arabia intends to invest $600 billion in the United States over the next four years, the country's Crown Prince Mohammed bin Salman has told US President Donald Trump. The two leaders discussed the massive investment plans on Thursday,
US President Donald Trump has doubled down on his proposal to “clean out” Gaza by removing Palestinians living there to Jordan and Egypt, a plan which has appalled some allies but has been quickly embraced by Israel’s far right.
The kingdom has also reoriented its spending from overseas into its domestic market. One indicator of this was that in 2024, the UAE’s Mubadala surpassed Saudi Arabia’s Public Investment Fund (PIF) as the world’s most active sovereign wealth fund.
Saudi Arabia's Crown Prince announced Thursday that the kingdom is set to invest $600 billion in the United States over the next four years.