Mohammed bin Salman described the investments as “real investment and real opportunity in many areas,” framing the commitment as part of a broader strategy to strengthen commercial cooperation with the United States.
By Vered Weiss, World Israel News
Saudi Crown Prince Mohammed bin Salman used his visit to the White House on Tuesday to unveil a sweeping expansion of Saudi investment in the United States, telling President Donald Trump that his government intends to place nearly $1 trillion into the American economy over the coming year.
The announcement came during an Oval Office meeting that focused heavily on economic ties between Washington and Riyadh.
Trump opened the discussion by pointing to a major influx of Saudi capital, saying the kingdom had already agreed to commit “at least” $600 billion. He suggested the figure might increase, adding that the money would flow into manufacturing, corporate expansion and U.S. financial markets.
“And what it really means for everybody, what really counts is jobs,” Trump said, emphasizing that the initiative is designed to generate employment across the country.
Moments later, the crown prince signaled that the Saudis were prepared to go far beyond the initial target.
Speaking to reporters after Trump’s remarks, he said Riyadh would unveil additional programs “today and tomorrow,” raising the total to almost $1 trillion.
He described the investments as “real investment and real opportunity in many areas,” framing the commitment as part of a broader strategy to strengthen commercial cooperation with the United States.
The exchange drew a warm response from Trump, who said he welcomed the expansion and viewed it as a reflection of confidence in the American market.
“If you didn’t see potential in the U.S., you wouldn’t be doing it,” he told the crown prince. Bin Salman responded with a brief “Definitely,” reinforcing his government’s view that the United States remains a central destination for large-scale foreign investment.
The pledge represents one of the most ambitious economic packages ever discussed publicly between the two countries and comes as Saudi Arabia pursues rapid diversification under the crown prince’s leadership.
While officials did not release a breakdown of sectors that will receive the funds, both leaders framed the initiative as a long-term partnership aimed at driving job creation and technological growth.
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