Saudi Arabia plans to invest $ 600 billion in the United States, the Crown Prince declared to Donald Trump

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Crown prince Mohammed bin Salmane said that Saudi Arabia was planning to invest at least $ 600 billion in the United States over the next four years, when the kingdom sought to deepen its ties with its most important Western ally after Donald Trump's return to the White House.

The Prince said during a telephone call Thursday to congratulate Trump for his inauguration that the reforms proposed by the new American administration would create unprecedented prosperity and economic opportunities, according to the Saudi official news agency.

The White House did not immediately provide a call summary. Secretary of State Marco Rubio and the de facto leader in Saudi Arabia, often known in his MBS initials, also maintained on the phone to discuss the evolution of the situation in the Middle East, said the department on Wednesday State.

Trump said on Monday that he would plan to make Saudi Arabia his first trip abroad again as president if Riyadh agreed to buy for $ 500 billion in American products, as he said that the kingdom had done during his first mandate in power.

I did it with Saudi Arabia the last time because they agreed to buy for $ 450 billion in our products, Trump told journalists in the oval office after his inauguration. If Saudi Arabia wanted to buy an additional $ 450 or $ 500 billion, I think I would probably go to the end for all inflation.

When he took office for his first mandate in 2017, Trump dismissed tradition by making Saudi Arabia his first destination abroad while he participated in a summit of Arab and Muslim leaders in Riyadh. The newly elected American presidents generally visit Canada or neighboring Mexico.

The declaration concerning the call between Prince Mohammed and Trump does not provide details on the sectors or industries which would benefit from $ 600 billion in investment, but it indicates that the amount could potentially go beyond if additional opportunities presented themselves.

It is not known exactly to what extent the $ 450 billion on several occasions by Trump have materialized in the form of agreements and trade between the two countries during the president's first mandate.

The investment commitment of $ 600 billion represents more than half of the Saudi GDP, according to official figures, and occurs while the pressure increases on the kingdom's budget due to the drop in oil prices and a growing deficit. This announcement follows the comments of officials last year according to which Saudi Arabia would still reduce its investments abroad and focus on the creation of a series of megaprojets, including tourist stations and a futuristic city in the North -They of the country.

Saudi Arabia is also faced with very tight deadlines to build the necessary infrastructure for events such as Winter Asian Games in 2029, Expo 2030 and the 2034 World Cup.

Trump maintained close ties to Saudi Arabia during his first mandate, while the Kingdom Sovereign Fund has invested billions of dollars in companies led by Trump's son -in -law, Jared Kushner, and the former secretary to Treasure, Steven Mnuchin, shortly after Trump left the White House.

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Trump Organization has also signed agreements to grant the Trump brand license for real estate developments in Saudi Arabia and other Gulf regions.

Rubio and Prince Mohammed discussed Gaza, Lebanon and Syria, as well as the threat posed by Iran, the main regional rival of Saudi Arabia.

The Israeli strikes on the Islamic Republic in October affected many Iranian military facilities, including missile factories and air defense systems.

The military capacities of the so-called Iranian resistance axis, including agents and allies such as Lebanese Hezbollah and Hamas based in Gaza, were also seriously degraded after 15 months of conflict with Israel. The Islamist rebels in Syria also overthrew the regime of former President Bashar al-Assad, another ally of Tehran, last month.

Trump said on Monday that he hoped that Saudi Arabia would end up normalizing his relations with Israel and joining the Abraham agreements, a agreed initiative during his first mandate and which normalized relations between Israel and several Arab states, including the United Arab Emirates.

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