Saudi crown prince says kingdom intends to invest billions in US during call with Trump

euronews (in English)

Saudia Arabia's state run news agency reported that the country's crown prince intended to invest hundreds of billions into the US economy during US President Donald Trump's term in office.

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00:00Saudi Arabia's Crown Prince said that the Kingdom wants to invest $600 billion in the

00:08United States over the next four years, and potentially beyond that.

00:13The remarks from Crown Prince Mohammed bin Salman came after a phone call with recently

00:18inaugurated US President Donald Trump, and after Trump mused about returning to Saudi

00:23Arabia as his first foreign trip back in office.

00:27There was no immediate response from the White House regarding the call.

00:32It also wasn't clear whether Trump's call with the Crown Prince was his first with a

00:36foreign leader since returning to the Oval Office.

00:40The billion-dollar pledge, which dwarfs the gross domestic product of many nations, comes

00:46as the Kingdom faces budgetary pressures of its own.

00:49Global oil prices remain depressed years after the height of the coronavirus pandemic, affecting

00:56the Kingdom's revenues.

00:58In recent years, the US has increasingly pulled away from relying on Saudi oil exports, which

01:04was once the bedrock of their relationship for decades.

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