Saudi Crown Prince Mohammed bin Salman has announced a massive jump in Saudi Arabia’s planned investments in the United States. The investment target now stands at almost $1 trillion, a major rise from the earlier figure of $600 billion, during his meeting with US President Donald Trump at the White House.
MBS Announced $1 Trillion Investment in the US
The revised figure marks one of the largest-ever foreign investment commitments made by the kingdom. Fox News reported that the announcement came during the leaders’ Oval Office meeting on Tuesday, where both sides signalled a renewed phase of cooperation.
Investment Target Rises After Oval Office Meeting
During the meeting, Trump said the earlier estimate could increase. He praised the crown prince and hinted that the figure might rise above the $600 billion that had initially been discussed.
“You’ve agreed to invest $600 billion into the US, and because he’s my friend, he might make it a trillion,” Trump said, according to Fox News. “We can count on 600 billion. But that number could go up a little bit higher.”
Crown Prince Mohammed bin Salman confirmed the updated goal. “We are going to increase that $600 billion to almost $1 trillion of investment,” he told reporters. He added that the plan would create “real investment and real opportunity” across several sectors.
Trump Says Investment Will Boost US Jobs
Trump highlighted that the investment would benefit American workers. “What it really means for everybody, what really counts, is jobs,” he said. He suggested that the funds would support industries that need modernisation and new infrastructure.
The prince received full military honours at the White House. Analysts see this warm reception as a clear shift from the strained diplomatic relationship during President Joe Biden’s tenure.
Saudi Arabia Links Investment to Economic Needs
Earlier, it was reported that Mohammed bin Salman said the investment aligns with Saudi Arabia’s economic priorities. He pointed to the country’s growing need for advanced technologies, including AI chips and high-tech partnerships.
He also dismissed claims that the decision was politically motivated. He stressed that the plan was not intended to “please America or please President Trump.” Instead, he said it supports the kingdom’s long-term goals.
Saudi Arabia continues to advance its Vision 2030 programme, which aims to diversify its economy and reduce reliance on oil. Strong global partnerships are a key part of this transformation plan.
Source: Thedailyguardian
