Saudi Arabia’s Crown Prince Mohammed bin Salman informed President Donald Trump on Tuesday that he plans to raise Saudi investment commitments to the United States to nearly $1 trillion, an increase from the $600 billion promised back in May.
Trump welcomed the crown prince with a grand ceremony on the South Lawn, which concluded with three F-35s and three F-16s flying over the White House.
After a tour of the “Presidential Walk of Fame” along the West Tower’s colonnade, which included a photo opportunity, the two leaders met in the Oval Office in front of reporters.
“Mr. President, I think today and tomorrow we will be announcing a detailed expansion of that $600 billion investment, real investments and real opportunities in many areas, increasing it to almost $1 trillion,” the crown prince stated.
Additionally, he mentioned, “The agreements we sign today in various fields like technology, artificial intelligence, and materials will create many opportunities in the country.”
Trump had expressed earlier that he wanted Saudi investments to hit the $1 trillion mark, joking about needing to lobby the crown prince but indicating his satisfaction with the discussions.
WATCH — President Trump meets with Saudi crown prince:
“I appreciate that. It’s a great thing. We’re doing numbers that no one has ever done. And to be fair, if you didn’t see the potential for America, you wouldn’t do it…You don’t want to lose money,” Trump remarked.
The crown prince described the United States as the “hottest country on earth” under Trump’s leadership, suggesting the administration is setting the stage for long-term economic prospects.
“This is also a long-term opportunity for the United States to set the stage for emerging technologies that will have a transformative and positive impact on the American economy for decades to come. And we want to be a part of that,” he added.
A senior White House official indicated that the crown prince’s visit is expected to encompass multibillion-dollar investments in U.S. AI infrastructure, enhanced collaboration on civilian nuclear energy, the fulfillment of the previously pledged $600 billion by Saudi Arabia, and defense sales to bolster cooperation between the two nations.
