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Saudi Arabia Set to Pour USD1T Investment in U.S.
(MENAFN) Saudi Arabia's top leader announced a massive expansion of his nation's American investments Tuesday, pledging to surge commitments from $600 billion to nearly $1 trillion in a high-stakes White House summit.
Crown Prince Mohammed bin Salman unveiled the dramatic financial escalation during talks with US President Donald Trump, marking a watershed moment in the strategic partnership between Washington and Riyadh.
"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.
The Saudi leader outlined plans for sweeping bilateral deals across multiple high-priority industries. Bin Salman noted both governments would formalize partnerships in technology, artificial intelligence (AI), and magnet manufacturing, "that will create a lot of investment opportunities."
Trump immediately pressed for clarification on the staggering sum, interjecting with visible interest in the figure.
"Now, you're saying to me now that the $600 billion will be $1 trillion?" Trump asked.
"Definitely, because what we are signing it will facilitate that," Bin Salman replied.
The American president expressed appreciation for the kingdom's economic commitment while playfully suggesting room for negotiation on the final amount.
"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, celebrated the meeting following the execution of numerous major pacts between the allied nations.
"A significant day for Saudi-US relations," the ambassador wrote on the US social media company X's platform.
The diplomat confirmed both countries had finalized a "number of landmark" bilateral agreements without providing further details on the deals.
"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.
Crown Prince Mohammed bin Salman unveiled the dramatic financial escalation during talks with US President Donald Trump, marking a watershed moment in the strategic partnership between Washington and Riyadh.
"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.
The Saudi leader outlined plans for sweeping bilateral deals across multiple high-priority industries. Bin Salman noted both governments would formalize partnerships in technology, artificial intelligence (AI), and magnet manufacturing, "that will create a lot of investment opportunities."
Trump immediately pressed for clarification on the staggering sum, interjecting with visible interest in the figure.
"Now, you're saying to me now that the $600 billion will be $1 trillion?" Trump asked.
"Definitely, because what we are signing it will facilitate that," Bin Salman replied.
The American president expressed appreciation for the kingdom's economic commitment while playfully suggesting room for negotiation on the final amount.
"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, celebrated the meeting following the execution of numerous major pacts between the allied nations.
"A significant day for Saudi-US relations," the ambassador wrote on the US social media company X's platform.
The diplomat confirmed both countries had finalized a "number of landmark" bilateral agreements without providing further details on the deals.
"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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