Saudi Arabia's Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to invest $600 billion in expanding investment and trade with the United States over the next four years, the Saudi state news agency reported, Reuters reported, quoted by BTA.
In a phone call between the two leaders, the crown prince said that the Trump administration's expected reforms could create "unprecedented economic prosperity", the Saudi state news agency reported.
The report said that Saudi Arabia wants its investments to benefit from these conditions. No details were given about the source of the $600 billion. dollars, whether it would be public or private spending, or how the money would be distributed.
The investment "could increase further if additional opportunities arise," the agency quoted Bin Salman as telling Trump.
Trump has promoted close ties with Gulf states, including Saudi Arabia, during his first term, Reuters recalls. The country has invested $2 billion in a firm set up by Jared Kushner, Trump's son-in-law and former adviser after Trump left office.
After taking office on Monday, Trump said he would consider making Saudi Arabia his first foreign visit destination if Riyadh agreed to buy $500 billion worth of American products. similar to what he did in his first term, Reuters recalls.
"I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products. I said I would do this, but you have to buy American products, and they agreed to that," Trump said, referring to his 2017 visit to Saudi Arabia.