Saudi Arabia plans 600 billion dollar investment in the United States during Trump's term in office

Saudi Arabia plans to invest 600 billion dollars in economic and commercial ties with the United States during Donald Trump's new presidential term. 

Mohammed Bin Salman Bin Abdulaziz Al-Saud, Saudi Arabia's crown prince, spoke with the new US president after Trump's inauguration and confirmed this total investment. 

Crown Prince Mohammed Bin Salman told President Donald Trump in a telephone conversation that the Saudi kingdom wants to invest 600 billion dollars in expanding investment and trade with the United States over the next four years, the Saudi news agency reported. 

The crown prince said the reforms hoped for by the Trump administration could create ‘unprecedented economic prosperity’, the state news agency reported. 

Saudi Arabia wants its investments to take advantage of these conditions, but did not detail the source of the 600 billion dollars or whether it would be public or private spending, or how the money would be used. 

The investment ‘could increase further if additional opportunities arise’, Bin Salman told Trump, according to the official Saudi news agency. 

During his first term, Trump maintained close ties with Gulf countries, including Saudi Arabia. The country invested $2 billion in a company formed by Jared Kushner, Trump's son-in-law and former aide, after Trump left office. 

Trump said after his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy 500 billion dollars worth of US goods, similar to what he did in his first term. 

'I did it with Saudi Arabia last time because they agreed to buy 450 billion dollars worth of goods from us. I said I would do it, but they would have to buy American products, and they agreed to do it,’ Trump said, referring to his 2017 visit to the Gulf kingdom.