Saudi Crown Prince Mohammed bin Salman revealed on Tuesday that agreements worth over $300 billion have been signed between Saudi Arabia and the United States during US President Donald Trump’s visit to the kingdom, Anadolu Agency reported.
The announcement was made at the 2025 Saudi-US Investment Forum in Riyadh, which Trump attended following bilateral talks and the signing of several agreements spanning various sectors, including energy and defence.
“Our countries share a deep economic relationship that began 92 years ago,” the crown prince said, stressing that joint investments are a cornerstone of Saudi Arabia’s economic ties with the US. He added that Saudi Arabia, the region’s largest economy, is exploring partnership opportunities with the US valued at $600 billion.
Furthermore, the crown prince highlighted that trade between the two nations has reached $500 billion between 2013 and 2024. US companies, he noted, account for nearly a quarter of all foreign investment in Saudi Arabia.
The 2025 Saudi-US Investment Forum kicked off in Riyadh on Tuesday, with high-ranking officials from both Saudi Arabia and the US, including US Treasury Secretary Scott Bessent, in attendance.
In his opening remarks, Saudi Investment Minister Khalid Al-Falih stated that Saudi Arabia plans to invest $600 billion in the US over the next four years.
Trump’s visit to Saudi Arabia marks his first Middle East tour since beginning his second term in office on January 20. The tour, which runs from Tuesday to Friday, will include stops in Qatar and the UAE.
Trump had previously visited Saudi Arabia in 2017 during his first term, where he met with King Salman bin Abdulaziz and attended a US-Gulf summit in Riyadh.
On Wednesday, Trump is scheduled to attend the fifth US-Gulf summit in the Saudi capital, alongside leaders from the Gulf Cooperation Council (GCC). The GCC, established on May 25, 1981, and based in Riyadh, comprises Saudi Arabia, Qatar, the UAE, Kuwait, Oman, and Bahrain.
