Saudi Crown Prince: 1,300 U.S. Firms Drive Nearly 25% of Foreign Investment
Saudi Crown Prince Mohammed bin Salman announced an increase in new Saudi investments in the United States to $1 trillion, up from the previously announced $600 billion.
In his speech at the Saudi-U.S. Investment Forum, attended by U.S. President Donald Trump, Prince Mohammed bin Salman stated:
'Today, we are working on partnership opportunities worth $600 billion, including agreements exceeding $300 billion that were announced during this forum. In the coming months, we will work on the second phase to complete the remaining agreements and raise the total to $1 trillion.'
He considered that 'this growing partnership reflects the continued cooperation between the two countries across various sectors — military, security, economic, and technological — enhancing mutual benefits, supporting job creation in the Kingdom, contributing to local industry localization and content development, and fostering GDP growth.' Strategic Partnership Between Riyadh, Washington
President Donald Trump arrived in Saudi Arabia today at the start of a Gulf tour, marking his first official foreign visit since taking office in January. He held a summit with Crown Prince Mohammed bin Salman at Al-Yamamah Palace, where they welcomed officials and business leaders from both nations. Numerous agreements were signed, most notably the Strategic Partnership Document, along with unprecedented deals in defense, energy, technology, artificial intelligence, and other sectors.
The Crown Prince noted that 1,300 American companies are currently operating and investing in Saudi Arabia, accounting for approximately 25% of total foreign investment in the Saudi market. Of these, 200 companies have chosen Riyadh as their regional headquarters. Vision 2030
He highlighted that Vision 2030 has successfully achieved most of its goals, driving an unprecedented transformation in economic diversification and empowering the private sector to become a key engine of growth in the region's largest economy. Additionally, he pointed out that non-oil exports reached $82 billion in 2024, and more than 2.4 million citizens have been employed since the launch of the Vision.
Prince Mohammed bin Salman added in his speech that Saudi Arabia is the largest economy in the region and the United States' biggest economic partner in the Middle East. He also noted that the strength of economic relations between the two nations has led to $500 billion in trade exchange between 2013 and 2024.
He also spoke about Saudi investments in the U.S., stating that the American market is a 'key destination for investments by the Public Investment Fund (PIF),' which holds about 40% of its global investments in the United States.
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