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Saudi Arabia plans to spend $600B in investments, trade with US over next 4 years

23 January 2025 23:15 (UTC +04:00)

Saudi Arabia on Thursday said it is planning to expand its investments and trade with the United States by an amount of $600 billion and possibly beyond over the next four years, APA reports citing Saudi Press Agency.

This came during the first phone call between the kingdom's Crown Prince Mohammed bin Salman and US President Donald Trump, who assumed office on Monday, according to the official Saudi Press Agency (SPA).

It said the crown prince congratulated Trump on his inauguration as the US president, and they discussed bilateral relations and regional developments.

The two leaders also discussed ways for cooperation between the two countries "to promote peace, security and stability in the Middle East, in addition to enhancing bilateral cooperation to combat terrorism."

Bin Salman also affirmed the kingdom's "intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that," SPA added.