President Trump has requested a significant increase in Saudi Arabian investments in the United States, aiming for $1 trillion, and a decrease in oil prices. This demand follows a pledge by Crown Prince Mohammed bin Salman to invest $600 million in the US over the next four years.
President Donald Trump has publicly requested Saudi Arabia to significantly increase its investments in the United States and lower oil prices . This demand follows a pledge by Saudi Crown Prince Mohammed bin Salman to invest $600 million in the US over the next four years.
However, Trump expressed a desire for a much larger commitment, stating at the World Economic Forum in Davos, Switzerland, that if the Crown Prince wishes to see him visit Saudi Arabia, the investment should reach around $1 trillion and oil prices should decrease. 'But I'll be asking the Crown Prince, who's a fantastic guy, to round it out to around $1 trillion,' Trump said. 'I think they'll do that because we've been very good to them.' \Trump's 2017 trip to Saudi Arabia, which deviated from the traditional practice of US presidents first visiting the UK, highlighted the close ties between his administration and the rulers of the oil-rich Gulf states. Trump's real estate company has pursued deals throughout this region, further solidifying these connections. The Crown Prince's $600 million investment pledge, reported by the Saudi Press Agency, came during a phone call with Trump. This was Trump's first conversation with a foreign leader since his inauguration on Monday. According to the report, the Crown Prince affirmed the kingdom's intention to expand its investments and trade with the United States over the next four years, potentially exceeding the initial amount. \While the US has been reducing its reliance on Saudi oil exports, which were once the cornerstone of their decades-long relationship, Saudi sovereign wealth funds have made substantial investments in American businesses and explored opportunities in the sports industry. Saudi Arabia's dependence on US-made weapons and defense systems, which could be part of the investment, remains a significant factor. The White House confirmed the phone call, stating that both leaders discussed efforts to stabilize the Middle East, strengthen regional security, and combat terrorism. They also addressed Saudi Arabia's international economic aspirations, exploring trade and other opportunities to enhance mutual prosperity. The Crown Prince also spoke with US Secretary of State Marco Rubio earlier on Thursday. Trump hinted at a potential return trip to Saudi Arabia, his first foreign destination after his inauguration, citing the kingdom's previous agreement to purchase $450 billion worth of American products. 'If Saudi Arabia wanted to buy another $450 billion or $500 - we'll up it for all the inflation - I think I'd probably go,' he stated. White House Press Secretary Karoline Leavitt, however, stated that there are no current plans for such a trip.
Saudi Arabia Donald Trump Investments Oil Prices World Economic Forum Crown Prince Mohammed Bin Salman US-Saudi Relations
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