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Trump says he'll ask Saudi Arabia to invest $1 trillion in US

Donald Trump, President of the United States of America

24 January 2025 09:15 (UTC +04:00)

One day after he spoke to Saudi Crown Prince Mohammed bin Salman, President Donald Trump pushed the kingdom Thursday to increase its U.S. investment, saying he would ask the Saudis to “round out” their promised $600 billion “to around $1 trillion,” APA reports citing NBC.

“I think they’ll do that because we’ve been very good to them,” Trump said in virtual remarks to business and foreign leaders at the World Economic Forum in Davos, Switzerland. During Wednesday's call, Trump's first with a foreign leader since his inauguration Monday, the crown prince, the kingdom's de facto head, told Trump he would invest at least $600 billion in the United States over the next four years, according to a readout provided by the Saudi government.

Trump, addressing the crowd at Davos on Thursday, also said he would push Saudi Arabia and OPEC to bring down the price of oil.

“You got to bring it down, which, frankly, I’m surprised they didn’t do before the election,” he said. “That didn’t show a lot of love by them not doing it. I was a little surprised by that.”

Crude oil prices fell after Trump's remarks, while U.S. stocks jumped.

In a rollicking address, Trump ticked through the sweep of actions he has taken to yank back much of Joe Biden’s presidency and launch his own agenda, covering everything from Middle East peace to a new official policy charging that “there are only two genders, male and female.”

“We’ve accomplished more in four days — we have really been working four days — than other administrations have accomplished in four years,” Trump said. “And we’re just getting started.”

And he didn’t shy away from pressing his interlocutors directly.

After a question from Bank of America CEO Brian Moynihan, Trump charged that financial institutions, including Bank of America, had refused banking services to conservatives. He also warned the business and foreign leaders before him that “if you don’t make your product in America, which is your prerogative, then, very simply, you will have to pay a tariff.”