Saudi Crown Prince Mohammed bin Salman (MBS) has announced plans to invest $600 billion in the U.S. over the next four years, following President Donald Trump's hint at making the kingdom a potential destination for his first overseas trip as president.

Saudi Arabia’s state news agency reported on January 23 that in a phone call with President Trump, Crown Prince MBS expressed the kingdom’s desire to "expand investments and trade with the U.S. worth $600 billion over four years." The Crown Prince added that the investment "could increase further if opportunities arise."

Prince Mohammed praised the anticipated economic reforms under the new U.S. administration, stating they could "create unprecedented economic prosperity" and that Saudi Arabia intended to seize this opportunity.

The report did not clarify whether the $600 billion would come from public or private funds or how the investment would be allocated. The White House has not commented on the announcement.

Potential First Trip Abroad

After his January 20 inauguration, President Trump mentioned Saudi Arabia as a possible destination for his first overseas trip, similar to his 2017 decision. That year, he broke with the tradition of visiting the United Kingdom first, opting instead for Saudi Arabia, citing a deal to sell $450 billion in U.S. goods.

"Traditionally, the first foreign visit is to the U.K. But last time, I went to Saudi Arabia because they agreed to buy $450 billion worth of American products. If they want to buy another $450 billion or $500 billion, I think that could make a good case for going there," Trump said.

Strengthening Gulf Relations

During his first term, Trump prioritized strengthening relationships with Gulf countries, including Saudi Arabia. Following his presidency, the kingdom invested $2 billion in a firm established by Jared Kushner, Trump’s son-in-law and former advisor.

Saudi Arabia’s $600 billion pledge, surpassing the GDP of many countries, comes at a time when the kingdom faces significant budgetary pressures. Global oil prices remain relatively low compared to their peak during the COVID-19 pandemic, impacting revenue.

Domestic and International Challenges

Crown Prince MBS is also pursuing the $500 billion NEOM megacity project in Saudi Arabia's western desert. The kingdom will need to invest tens of billions of dollars in building new stadiums and infrastructure to prepare for hosting the 2034 FIFA World Cup.

(Sources: Reuters, AP)

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