Saudi Crown Prince Announces $300 Billion in Agreements with the US
Saudi Crown Prince Mohammed bin Salman revealed on Tuesday that agreements worth over $300 billion have been signed between Saudi Arabia and the United States during US President Donald Trump’s visit to the kingdom. The announcement was made at the 2025 Saudi-US Investment Forum in Riyadh, which Trump attended following bilateral talks and the signing of several agreements spanning various sectors, including energy and defense.
During his speech, the crown prince emphasized the deep economic relationship between the two countries, which dates back 92 years. He highlighted that joint investments are a crucial aspect of Saudi Arabia’s economic ties with the US, with the kingdom exploring partnership opportunities valued at $600 billion. Trade between the two nations has also been substantial, reaching $500 billion between 2013 and 2024, with US companies accounting for nearly a quarter of all foreign investment in Saudi Arabia.
The 2025 Saudi-US Investment Forum, attended by high-ranking officials from both countries, kicked off in Riyadh on Tuesday. Saudi Investment Minister Khalid Al-Falih announced plans for Saudi Arabia to invest $600 billion in the US over the next four years.
Trump’s visit to Saudi Arabia is part of his first Middle East tour since starting his second term in office. The tour, which includes stops in Qatar and the UAE, began on Tuesday and will conclude on Friday. This visit follows Trump’s previous trip to Saudi Arabia in 2017, during which he met with King Salman bin Abdulaziz and attended a US-Gulf summit in Riyadh.
On Wednesday, Trump is scheduled to participate in the fifth US-Gulf summit in Riyadh, alongside leaders from the Gulf Cooperation Council (GCC). The GCC, established in 1981 and headquartered in Riyadh, comprises Saudi Arabia, Qatar, the UAE, Kuwait, Oman, and Bahrain.
