Egypt Daily News – Saudi Crown Prince Mohammed bin Salman announced his intention to increase new Saudi investments in the United States to one trillion dollars, up from the previously announced $600 billion.
In his speech at the Saudi-American Investment Forum, attended by U.S. President Donald Trump, the Crown Prince said:
“Today, we are working on partnership opportunities worth $600 billion, including over $300 billion in agreements announced during this forum. In the coming months, we will move to the second phase to finalize the remaining agreements and raise the total to one trillion dollars.”
He considered this growing partnership an extension of cooperation in various fields—military, security, economic, and technological—stating that it strengthens mutual benefits, supports job opportunities in the Kingdom, contributes to localizing industry, boosts local content development, and promotes GDP growth.
U.S. President Donald Trump told Saudi Crown Prince Mohammed bin Salman that he had achieved a “modern miracle in the Arab way,” referring to the rapid development Saudi Arabia has witnessed in recent years across various sectors.
Speaking at the Saudi-American Investment Forum in Riyadh, Trump addressed the Crown Prince, saying:
“Over the past eight years, the Kingdom has completely proven its critics wrong.”
He added, “The transformation that has occurred under the leadership of King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman has been truly exceptional, something I don’t think has happened before. I’ve never seen anything of this scale happen before.”
Trump praised Saudi Arabia’s achievements across different fields, saying that “Riyadh has become a major global capital in commerce, culture, and technology.” He noted the country’s readiness to host the “2034 FIFA World Cup” and “Expo 2030.” He also expressed admiration for Saudi Arabia’s economic diversification, pointing out that industries other than oil have become even larger.
