Saudi Arabia plans to invest $1 trillion in the United States, Crown Prince Mohammed bin Salman has announced

Saudi Crown Prince Mohammed bin Salman announced on Tuesday that Saudi Arabia will boost its investments in the United States from $600 billion to nearly $1 trillion.

“I believe, Mr. President, that today and tomorrow we can announce an increase from $600 billion to almost $1 trillion in real investment,” the crown prince — widely known as MBS — told reporters at the White House during his meeting with US President Donald Trump. He said the two countries would sign agreements in sectors such as technology, artificial intelligence and magnetics, which he said would unlock substantial new investment opportunities.

Trump cut in, asking: “So now you’re telling me the $600 billion will be $1 trillion?”

“Definitely — the agreements we’re signing will make that possible,” MBS responded.

Trump thanked him for committing to the investments.

“I want to thank you because you’ve agreed to invest $600 billion in the United States — and since he’s my friend, maybe he’ll make it a trillion, but I’ll have to work on him,” Trump said.

“We can count on $600 billion, but that number might go a little higher,” he added, eager to highlight the benefits of his foreign partnerships to Americans.

Saudi Arabia’s ambassador to Washington, Princess Reema bint Bandar Al-Saud, praised the meeting following the signing of several major agreements.

“A significant day for Saudi–US relations,” she wrote on X.

She said the two countries had concluded a “number of landmark” bilateral deals, without offering details, adding that the agreements would spur investment in both nations, create jobs for Saudis and Americans, and strengthen their shared commitment to regional and global security.