Saudi Crown Prince Mohammed bin Salman announced on Tuesday that Saudi Arabia has signed more than $300 billion in agreements with the United States during President Donald Trump’s current visit to the kingdom.
Speaking at the 2025 Saudi-US Investment Forum in Riyadh, where Trump was in attendance following high-level talks and multiple agreement signings across sectors like energy and defense, the crown prince emphasized the enduring strength of Saudi-US economic ties.
“Our countries share a deep economic relationship that began 92 years ago,” Mohammed bin Salman said, highlighting joint investment as a key pillar of cooperation. He also pointed out that Saudi Arabia is now the region’s largest economy and is pursuing additional partnership opportunities with the US valued at $600 billion.
Trade between the two nations from 2013 to 2024 reached $500 billion, he noted, and American companies now account for nearly a quarter of all foreign investment in Saudi Arabia.
The investment forum, which opened in Riyadh on Tuesday, brought together senior officials from both countries, including US Treasury Secretary Scott Bessent. In his opening remarks, Saudi Investment Minister Khalid Al-Falih revealed that the kingdom plans to invest $600 billion in the United States over the next four years.
President Trump’s visit marks his first trip to the Middle East since the start of his second term on January 20. His itinerary runs through Friday and also includes stops in Qatar and the United Arab Emirates.
Trump previously visited Saudi Arabia in 2017 during his first term, where he met King Salman bin Abdulaziz and attended a US-Gulf summit in Riyadh.
On Wednesday, Trump is scheduled to take part in the fifth US-Gulf summit, joining Gulf Cooperation Council (GCC) leaders in the Saudi capital.
The GCC, founded in 1981 and headquartered in Riyadh, is made up of six member states: Saudi Arabia, Qatar, the UAE, Kuwait, Oman, and Bahrain.