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By EquityPandit

WORLD

Saudi Prince Promises $600 Billion Investment in Call with Trump

The White House has not commented on the call.

According to the state news agency SPA, Saudi Crown Prince Mohammed Bin Salman informed President Donald Trump about a plan to increase investments and trade with the US by $600 billion over the next four years, with potential for more if opportunities arise.

The prince mentioned that the new US administration’s anticipated reforms could create significant partnership and investment opportunities, leading to unprecedented economic prosperity. Further details on these reforms were not provided.

During the call, they also discussed cooperation between Saudi Arabia and the US to promote peace and stability in the Middle East and combat terrorism. The White House has not commented on the call.

The conversation took place amid significant changes in the Middle East. Iran, Saudi Arabia’s rival, has faced setbacks by Israeli forces, while Syria’s President Bashar al-Assad has been ousted. A ceasefire in Gaza has temporarily halted the conflict between Israel and Hamas.

The Crown Prince’s investment pledge could pave the way for Trump to visit Saudi Arabia again.

Trump’s first international trip as president in 2017 was to Saudi Arabia, following a commitment from the kingdom to invest significantly in US goods, including weapons.

He indicated he would be open to visiting Saudi Arabia if it agreed to buy another substantial amount of US goods, suggesting that the $600 billion offer would meet this requirement.

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