Saudi crown prince unveils $600 billion investment in US over next 4 years, discusses plan with Trump

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DUBAI, United Arab Emirates—Saudi Arabia’s crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump earlier put a price tag on returning to the kingdom as his first foreign trip.

It also underscored his administration’s close ties to the rulers of the oil-rich Gulf states as his eponymous real estate company has pursued deals across the region as well.

The US in recent years has increasingly pulled away from relying on Saudi oil exports, which once was the bedrock of their relationship for decades.

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Author / Journalist: Jon Gambrell | The Associated Press

Category: BusinessStartups

Markets: PhilippinesIsraelQatarSaudi ArabiaUnited Arab EmiratesUnited KingdomUnited States

Topics: United Trip Prince Kingdom First Billion Saudi Crown Foreign Years Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 11:50:16 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25363426

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

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News Last Updated: 12 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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