Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.
Saudi Arabia intends to invest $600 billion in the United States over the next four years, the country's Crown Prince Mohammed bin Salman has told US President Donald Trump. The two leaders discussed the massive investment plans on Thursday,
Saudi Arabia plans to invest $600 billion in the United States over the next four years. A state-run agency revealed the announcement from Crown Prince Mohammed bin Salman after his phone call with President Donald Trump, according to the AFP.
Saudi Arabia’s Crown Prince Mohammed bin Salman vowed to invest at least $600 billion in the US — after President Trump floated he would fast-track his visit to the kingdom if they put
Saudi Arabia will invest more than $600bn in the United States, the Crown Prince told Donald Trump in a phone call
Saudi Arabia's Crown Prince announced Thursday that the kingdom is set to invest $600 billion in the United States over the next four years.
Saudi Arabia was the first foreign country that Trump visited during his first term.
Trump then went on to criticize the nation’s electric grid, calling it old while noting that he would allow the tech companies to rely on any fuel that they want to run the plants. And if the energy plants fail, Trump claimed the country could return to “good clean coal.”
In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.
Oil futures finished Thursday at their lowest in two weeks after President Donald Trump said he would ask Saudi Arabia and OPEC to lower oil prices, implying that he would pressure major oil producers to boost output.
Experts say U.S. President Donald Trump's push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader's own plans to make America energy-dominant.