Saudi Prince Plans to Invest $600B in the U.S. Over the Next Four Years: Report

In recent reports, Crown Prince Mohammed bin Salman of Saudi Arabia has shared with President Donald Trump that the kingdom intends to invest $600 billion into new projects and trade with the U.S. over the next four years.

According to a report by the Saudi state news agency, in a phone call between the two leaders, Crown Prince Mohammed bin Salman told President Trump that he thinks the expected reforms under the Trump administration could lead to "unprecedented economic prosperity."

The agency further states that Saudi Arabia would want to benefit from all these opportunities and didn't point out how this money, that amounts to 600 billion, is to be used or if they would invest public or private sources. Bin Salman further explained that this investment will continue growing should other opportunities crop up.

Throughout his first term, President Trump built close ties with Saudi Arabia and other Gulf states. Even after leaving office, Saudi Arabia invested $2 billion in a firm founded by Trump's son-in-law and former advisor, Jared Kushner.

During his inauguration on Monday, Trump told the nation that he would consider making Saudi Arabia his first stop on a foreign trip, but only if Riyadh agreed to purchase $500 billion worth of American products.

"I did it with Saudi Arabia last time because they agreed to bury $450 billion worth of our product," Trump said in reference to his 2017 visit to the country. "I said, ‘I’ll do it, but you have to buy American product,’ and they agreed to that."

After securing his return to the Oval Office in November, Trump, along with a few others, attended a UFC fight at Madison Square Garden.

Trump was joined at the UFC fight by a diverse group, including Elon Musk, Kid Rock, RFK Jr., Tulsi Gabbard, House Speaker Mike Johnson, and Yasir Al-Rumayyan, the head of Saudi Arabia’s Public Investment Fund (PIF).