Shafaq News/ On Friday, Saudi Minister of Economy andPlanning, Faisal Alibrahim, outlined the details of the $600 billion inexpanded investments and trade planned with the United States.
Following US President, Donald Trump's, call for SaudiArabia to increase investments to $1 trillion, Alibrahim stated at the WorldEconomic Forum, "This amount reflects investments and purchases from boththe public and private sectors, and is simply a reflection of the strongrelationship."
When asked whether the Kingdom would lower oil prices afterTrump said he would ask Saudi Arabia to do so, he clarified that Saudi Arabiaand OPEC's position is focused on stabilizing the oil market in the long term.
“Saudi Arabia will host regular forum meetings starting inthe spring of 2026, after hosting one last year,” Alibrahim concluded.
Earlier, Trump told journalists in the Oval Office “Thefirst foreign trip typically has been with the U.K. but ... I did it with SaudiArabia last time because they agreed to buy $450 billion worth of our products.If Saudi Arabia wanted to buy another $450 billion or $500 — we’ll up it forall the inflation — I think I’d probably go.”
On Wednesday, Crown Prince, Mohammed bin Salman binAbdulaziz Al Saud, Prime Minister, made a phone call to US President DonaldTrump, confirming the kingdom's desire to expand its investments and traderelations with the United States over the next four years with a target of $600billion, a figure that could rise if additional opportunities arise, according toAl-Arabia.
The crown prince also highlighted the potential of PresidentTrump's administration and its expected reforms in the US to createunprecedented economic prosperity, emphasizing Saudi Arabia's intention tocapitalize on available partnership and investment opportunities.
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