Donald Trump and Saudi crown prince MBS announce $1 trillion in US investments
Saudi Crown Prince Mohammed bin Salman has raised Saudi Arabia’s planned investment in the United States to almost $1 trillion, up from an earlier figure of about $600 billion, during his meeting with US President Donald Trump at the White House, Fox News reported. The crown prince announced the higher figure during remarks in the […]
November 19, 2025 01:14 AM IST
First published on: Nov 19, 2025 at 01:14 AM IST
Share
Comments
Print
Share
Whatsapp
twitter
Facebook
President Donald Trump meets Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office of the White House, Tuesday, Nov. 18, 2025, in Washington. (AP Photo/Evan Vucci)
Saudi Crown Prince Mohammed bin Salman has raised Saudi Arabia’s planned investment in the United States to almost $1 trillion, up from an earlier figure of about $600 billion, during his meeting with US President Donald Trump at the White House, Fox News reported.
The crown prince announced the higher figure during remarks in the Oval Office on Tuesday. Trump, who introduced the original $600 billion estimate, said the total could rise. “You’ve agreed to invest $600 billion into the United States and because he’s my friend, he might make it a trillion,” he said, according to Fox News. “We can count on 600 billion. But that number could go up a little bit higher.”
Story continues below this ad
President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman to the White House, Tuesday, Nov. 18, 2025, in Washington. (AP Photo)
Bin Salman later confirmed the revised target. “We are going to increase that $600 billion to almost $1 trillion of investment,” he told reporters. He said the plan would bring “real investment and real opportunity” across various sectors, Fox News reported.
Trump said the investment would support employment in the United States. “What it really means for everybody, what really counts, is jobs,” he said.
The meeting marks a shift from the period when Saudi Arabia had strained ties with Washington during former President Joe Biden’s administration. Trump welcomed the crown prince with military honours outside the White House, Fox News said.
President Donald Trump meets Saudi Arabia’s Crown Prince Mohammed bin Salman in the Oval Office of the White House, Tuesday, Nov. 18, 2025, in Washington. (AP Photo/Evan Vucci)
Earlier on Tuesday, the BBC reported that bin Salman said the investment was based on Saudi Arabia’s economic needs, including demand for advanced technology such as AI chips. He said the plans were not intended to “please America or please President Trump”.
The crown prince is seeking large-scale partnerships to support Saudi Arabia’s economic diversification plans under Vision 2030, as the kingdom reduces its dependence on oil revenue.
Oil prices have recently fallen to around $60 a barrel, down from nearly $80 earlier in the year, raising questions about the kingdom’s ability to finance major overseas investments. However, bin Salman has insisted that the planned US spending is realistic and tied to long-term industrial and technology projects.
Share
President Donald Trump meets Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office of the White House, Tuesday, Nov. 18, 2025, in Washington. (AP Photo/Evan Vucci)
