Saudi Crown Prince Mohammed bin Salman announced on Tuesday that the Kingdom plans to increase its investments in the United States to $1 trillion, up from the previously pledged $600 billion. The statement came during his meeting with U.S. President Donald Trump in the Oval Office.
“I believe, Mr. President, today and tomorrow, we can announce that we are going to increase that $600 billion to almost $1 trillion — for investment, real investment, and real opportunity,” the Crown Prince said during a joint press conference.
President Trump also confirmed that the United States would proceed with the sale of F-35 stealth fighter jets to Saudi Arabia, in an arrangement similar to that of the U.S.–Israel defense relationship.
“As far as I’m concerned, I think they are both at a level where they should get top-of-the-line F-35s,” Trump said, describing Saudi Arabia as a “very important” partner and ally.
The Crown Prince added that his discussions with President Trump and U.S. officials during the visit would include major investments in artificial intelligence infrastructure, noting that such initiatives are fully aligned with the Kingdom’s Vision 2030 development strategy, Arab News reported.
