Saudi Arabia Commits to $600 Billion U.S. Trade and Investment Boost

Wed Jan 29 2025 04:42:42 GMT+0200 (Eastern European Standard Time)
Saudi Arabia Commits to $600 Billion U.S. Trade and Investment Boost

Saudi Crown Prince announces significant investment plans amid U.S. political landscape changes


In a recent engagement, Crown Prince Mohammed bin Salman of Saudi Arabia confirmed plans to increase trade and investment with the United States by $600 billion over the next four years, signaling a substantial commitment to U.S.-Saudi relations.



Crown Prince Mohammed bin Salman of Saudi Arabia recently communicated to President Donald Trump the kingdom's intention to elevate its investment and trade with the United States by a remarkable $600 billion over the next four years, as reported by the official Saudi Press Agency. This announcement comes at a time when President Trump emphasizes a resurgence in U.S. manufacturing and weighs potential retaliatory measures against nations perceived to be undermining U.S. interests, including the imposition of tariffs.

The Crown Prince highlighted to Trump that his administration could unlock "unprecedented economic prosperity" in the U.S., proposing a collaborative environment. Despite the absence of immediate confirmation from the White House regarding this discussion, the declaration from Saudi Arabia follows recent overt expressions of support for Trump from major tech entities and influential figures within Silicon Valley.

In a related development, Trump has unveiled Stargate, a joint venture involving OpenAI, SoftBank, and Oracle, aimed at establishing a robust $100 billion artificial intelligence infrastructure, with projected investments of up to $500 billion over four years.

Saudi Arabia marked Trump's first foreign destination during his inaugural presidential trip in 2017, where a range of significant agreements were pursued, including arms transactions. Reflecting on this, Trump told reporters that his initial foreign visit was motivated by the kingdom's prior commitment to purchase $450 billion in U.S. goods.

Trump's rapport with the Crown Prince has remained strong, even amid controversies, including CIA findings suggesting the Crown Prince's involvement in the 2018 killing of journalist Jamal Khashoggi. During his campaign, Trump expressed his high regard for Mohammed bin Salman in an interview with the Saudi-owned Al Arabiya news channel, reinforcing the bond between the nations as they navigate complex international relations.

MORE ON THEME

Tue, 28 Jan 2025 23:39:13 GMT

Inside the Chaotic Deportation Flight to Brazil: Trump Administration's Controversy

Tue, 28 Jan 2025 23:39:13 GMT
Tue, 28 Jan 2025 18:33:51 GMT

Colombian Air Force Responds to US Deportation Controversy

Tue, 28 Jan 2025 18:33:51 GMT
Tue, 28 Jan 2025 15:10:21 GMT

Gustavo Petro's Diplomatic Maneuver: Colombian Air Force Rescues Deportees

Tue, 28 Jan 2025 15:10:21 GMT
Tue, 28 Jan 2025 10:24:23 GMT

Trump's Renaming of Gulf Draws Mixed Reactions from Mexico and Cuba

Tue, 28 Jan 2025 10:24:23 GMT
Tue, 28 Jan 2025 10:23:01 GMT

Trump’s God Squad: A Controversial Move to Circumvent Environmental Protections

Tue, 28 Jan 2025 10:23:01 GMT
Tue, 28 Jan 2025 07:38:45 GMT

U.S.-Colombia Diplomatic Tensions Escalate Over Migrant Deportations

Tue, 28 Jan 2025 07:38:45 GMT
Tue, 28 Jan 2025 05:48:40 GMT

The Rise of China's DeepSeek: A Double-Edged Sword for AI Competition**

Tue, 28 Jan 2025 05:48:40 GMT
Tue, 28 Jan 2025 01:27:58 GMT

# Colombia's Turbulent Response to Trump's Deportation Orders

Tue, 28 Jan 2025 01:27:58 GMT
Mon, 27 Jan 2025 22:48:49 GMT

Evaluating DeepSeek: A New Player in the AI Chatbot Arena

Mon, 27 Jan 2025 22:48:49 GMT
Mon, 27 Jan 2025 18:26:49 GMT

Foreign Governments Turn to Lobbying as Trump's Policies Raise Concerns

Mon, 27 Jan 2025 18:26:49 GMT
Mon, 27 Jan 2025 18:25:16 GMT

**Trump's Tariff Tactics: Analyzing the Colombia Confrontation**

Mon, 27 Jan 2025 18:25:16 GMT
Mon, 27 Jan 2025 17:52:45 GMT

Colombia Compromises on Deportation Flights to Prevent Trade Conflict with the US

Mon, 27 Jan 2025 17:52:45 GMT
Mon, 27 Jan 2025 11:31:22 GMT

DeepSeek's Rise Challenges AI Industry Dynamics

Mon, 27 Jan 2025 11:31:22 GMT
Mon, 27 Jan 2025 10:16:54 GMT

Republicans Face Internal Divide as Trump Resumes Leadership Post-Inauguration

Mon, 27 Jan 2025 10:16:54 GMT
Mon, 27 Jan 2025 07:00:17 GMT

Trump's Tariff Threat to Colombia: A New Approach to Migration Diplomacy

Mon, 27 Jan 2025 07:00:17 GMT
Sun, 26 Jan 2025 20:24:29 GMT

Trump Targets Colombia with Tariffs Amid Migrant Deportation Controversy

Sun, 26 Jan 2025 20:24:29 GMT
Sun, 26 Jan 2025 17:44:31 GMT

Trump's Greenland Ambitions: An Unsettling Diplomatic Rumble with Denmark

Sun, 26 Jan 2025 17:44:31 GMT
Sun, 26 Jan 2025 14:17:08 GMT

Trump's Controversial Proposal for Palestinian Resettlement in Jordan and Egypt

Sun, 26 Jan 2025 14:17:08 GMT
Sun, 26 Jan 2025 14:15:25 GMT

Trump's Rapid Reentry: A Glimpse into His First 100 Hours

Sun, 26 Jan 2025 14:15:25 GMT
Sat, 25 Jan 2025 18:56:30 GMT

Trump's Executive Order Halts Refugee Program for Afghan Allies

Sat, 25 Jan 2025 18:56:30 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.