Saudi Arabia’s Crown Prince Mohammed bin Salman pledged to massively expand his country’s investment in the United States, committing nearly $1 trillion to the American economy over the next year.
The staggering investment is a dramatic show of confidence in President Donald Trump’s leadership and the strength of the U.S. market.
The commitment came during bin Salman’s high-profile Tuesday visit to the White House.
Trump welcomed the crown prince with full ceremonial honors.
It marks Riyadh’s official return to the center of American geopolitical and economic partnership after years of strain under former President Joe Biden.
The Saudi leader agreed to the massive investment after meeting with Trump.
Trump initially announced that Saudi Arabia would invest “at least” $600 billion.
The president noted that the number could rise.
“You’ve agreed to invest $600 billion into the United States, and because he’s my friend, he might make it a trillion, but I’m going to have to work on him,” Trump said, emphasizing the deal’s impact on American workers.
“What it really means for everybody, what really counts is jobs. A lot of jobs.”
Minutes later, bin Salman confirmed the higher figure himself.
“Today and tomorrow, we are going to announce that we are going to increase that, that $600 billion to almost $1 trillion of investment, real investment and real opportunity in many areas,” he told reporters in the Oval Office.
Trump welcomed the expanded commitment.
The president noted that it is further proof of U.S. economic dominance under his policies.
“We’re doing numbers that nobody’s ever done,” the president said.
“And in all fairness, if you didn’t see potential in the U.S., you wouldn’t be doing it.”
“Definitely,” bin Salman replied, prompting Trump to joke:
“You don’t want to lose money.”
WATCH:
The White House ceremony underscored the significance of the moment.
Trump greeted the crown prince on the South Lawn, flanked by dozens of uniformed U.S. servicemembers.
It was a stark contrast to the frosty relations between Washington and Riyadh during the Biden years.
Saudi leaders were repeatedly snubbed and publicly criticized by the previous administration.
The new investment package is expected to target U.S. manufacturing, energy, finance, and advanced technology sectors, with both leaders touting it as a major boost for job creation and economic growth.
For Trump, the announcement is another high-profile validation of his America First economic agenda.
For Saudi Arabia, it signals a strategic realignment back toward a strong partnership with Washington and away from the uncertainty and diplomatic hostility experienced under Biden.
More details on the investment rollout are expected in the coming days.
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