Huge Saudi Investment Plans Follow Trump’s White House Return
White House discussions sparked major financial developments Thursday as Saudi Arabia outlined intentions to channel $600 billion toward American investments, following President Donald Trump’s recent comments about visiting the kingdom.
Secretary of State Marco Rubio engaged in morning talks with Crown Prince Mohammed bin Salman, preceding a significant phone conversation between the crown prince and Trump that yielded substantial economic commitments.
The timing aligns with Trump’s Monday statements regarding potential travel plans, where he referenced his previous departure from diplomatic customs. Rather than selecting Britain for his initial foreign visit in 2017, Trump chose Saudi Arabia, citing substantial business agreements.
American-Saudi commercial relationships have shifted notably over recent years. While petroleum trades no longer dominate interactions, Saudi wealth funds have secured significant positions across U.S. business sectors, including sports enterprises.
Defense partnerships remain central to bilateral ties, with Saudi forces relying heavily on American military systems. The relationship weathered various challenges, maintaining stability through international concerns about journalist Jamal Khashoggi’s death in Istanbul during 2018.
Saudi officials released details through their state media outlet, suggesting room for additional growth beyond the proclaimed investment figure. The White House confirmed discussions occurred regarding regional stability and security cooperation.
The kingdom currently manages several costly domestic projects, including construction of NEOM, a $500 billion development along the Red Sea. Additionally, preparations for the 2034 FIFA World Cup require extensive infrastructure investments.
