Mohammed bin Salman, the crown prince of Saudi Arabia, announced on Tuesday that his nation will invest over $1 trillion in the United States, up from $600 billion.
“I believe, Mr. President, today and tomorrow we can announce that we are going to increase that $600 billion to almost $1 trillion for real investment,” Bin Salman, also known as MBS, told reporters at the White House alongside US President Donald Trump. He said the two countries will sign deals on many areas, including in technology, artificial intelligence (AI) and magnets, “that will create a lot of investment opportunities.”
Trump interjected, saying: “Now, you’re saying to me now that the $600 billion will be $1 trillion?”
“Definitely, because what we are signing it will facilitate that,” Bin Salman replied.
Trump thanked him for agreeing to the investments.
“I want to thank you because you’ve agreed to invest $600 billion into the United States, and because he’s my friend, he might make it a trillion, but I’m going to have to work on him,” he said.
“We can count on $600 billion, but that number could go up a little bit higher,” Trump added, characteristically eager to tout the fruits of his foreign contacts for American audiences.
Saudi Arabia’s Ambassador to the US, Princess Reema Bint Bandar Al-Saud, hailed the meeting between MBS and Trump following the signing of several major agreements between the two countries.
“A significant day for Saudi-US relations,” the ambassador wrote on the US social media company X’s platform.
Without going into further detail, she stated that the two nations had inked a “number of landmark” bilateral accords.
“These agreements will spur investment into both countries, generate job opportunities for Saudis and Americans, and reinforce our shared commitment to regional and global security,” she added.
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