Saudi Crown Prince Mohammed bin Salman told President Trump on Wednesday that the Kingdom intends to increase its investments and trade with the United States by at least $600 billion over the next four years. according to The official Saudi Press Agency.
Trump has promised to accelerate investment in the United States, especially to help revive manufacturing, and has warned of retaliation. Including definitionsAgainst any governments that he sees as working against American interests.
The crown prince, the de facto leader of Saudi Arabia, told Mr. Trump that his new administration has the potential to create “unprecedented economic prosperity” in the United States and that his country wants to participate, a statement from the Saudi Press Agency said. .
There was no immediate confirmation of the call from the White House.
The Saudi promise came in the wake of what was considered Public displays of loyalty to Mr. Trump by America’s largest technology companies and some of Silicon Valley’s most powerful executives. During his election campaign last year, he said he would use… A combination of tax cuts and tariffs To force companies to invest in the United States.
On Tuesday, Mr. Trump Stargate announcedIt is a joint project between OpenAI, SoftBank, and Oracle that aims to create at least $100 billion in AI infrastructure. The initiative could invest up to $500 billion over four years.
Saudi Arabia was Mr. Trump’s first stop during his first foreign trip as president in 2017. Things have evolved Good relationship with the Crown Prince During his first term he pursued major deals with the kingdom, including arms sales.
