
American economic prospects received unprecedented support Thursday when Saudi Arabia’s leadership proposed investing $600 billion across U.S. sectors through 2029, marking a significant advancement in bilateral relations.
The proposal surfaced during conversations between President Donald Trump and Crown Prince Mohammed bin Salman, suggesting extensive financial commitments that might surpass current projections.
Thursday’s dialogue marked notable timing, occurring shortly after Trump’s statements about potentially selecting Saudi Arabia for his first foreign destination. This choice would mirror his 2017 approach, which departed from traditional presidential visits to Britain.
The financial pledge arrives as Saudi Arabia’s global strategy evolves, with its sovereign funds already maintaining considerable stakes across American enterprises and athletic ventures. While U.S. reliance on Saudi oil has diminished, military equipment sales continue forming a crucial connection between both nations.
White House officials acknowledged the discussion between leaders, highlighting conversations about regional stability, security cooperation and counterterrorism efforts. Secretary of State Marco Rubio also participated in separate talks with the crown prince early Thursday.
Saudi Arabia currently faces internal financial considerations, including funding requirements for NEOM, their innovative coastal development, alongside preparations for hosting global soccer championships. These domestic projects demand substantial resources amid fluctuating global oil revenues.
Trump addressed reporters Monday regarding potential travel plans, referencing previous financial agreements. “The first foreign trip typically has been with the U.K. but I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our products,” he stated at the White House.
The Saudi government maintains steady diplomatic engagement despite past challenges, including international reactions to the 2018 incident involving journalist Jamal Khashoggi. Recent years have shown continued cooperation on regional matters.
The state-operated Saudi Press Agency indicated possibilities for expanding beyond the stated investment figure, suggesting broader economic partnerships ahead.