
Crown Prince Sets Ambitious 4-Year Plan For US Economic Partnership
Crown Prince Mohammed bin Salman revealed expansive financial commitments Thursday, proposing $600 billion in American investments through 2029, marking renewed economic cooperation between both nations.
The announcement followed recent statements from President Donald Trump, who discussed potentially selecting Saudi Arabia for his first international visit, similar to his precedent-setting choice in 2017.
Saudi state media highlighted the scope of proposed business ventures, indicating possibilities for exceeding current projected figures. These plans emerge despite domestic financial demands, including extensive infrastructure development for upcoming global sporting events.
The Saudi government faces substantial local expenses, including the innovative NEOM project along their western coastline. This development requires $500 billion in funding, while preparations for hosting international soccer championships demand additional resources.
White House officials acknowledged communications between leaders focused on regional security and economic opportunities. The dialogue included separate morning discussions between Crown Prince Mohammed and Secretary of State Marco Rubio.
Saudi sovereign wealth organizations already maintain considerable stakes across American corporations and athletic ventures, reflecting evolving commercial relationships beyond traditional oil trading partnerships.
Defense collaborations continue playing central roles in bilateral relationships, with Saudi military forces relying significantly on U.S. equipment and systems. The White House press office indicated no immediate plans regarding presidential travel to the kingdom.
Current global oil prices remain below previous peaks, affecting Saudi national revenues. Despite these challenges, the kingdom maintains ambitious development goals and international investment strategies.