US-Saudi Investment Pledge Rises to Nearly $1 Trillion

In Washington, U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman announced a significant expansion of economic ties on Wednesday, with Saudi Arabia pledging to increase its investments in the United States to nearly 1 trillion dollars during the second U.S.-Saudi Investment Forum. The event, attended by business leaders and officials from both nations, built on prior commitments and highlighted a deepening partnership across multiple sectors.

The forum followed the crown prince's White House visit, where he revealed the investment hike from an initial 600 billion dollars pledged during Trump's May trip to Riyadh. Saudi Minister of Investment Khalid Al-Falih stated that total agreements between Saudi and American companies now stand at 575 billion dollars, including 307 billion dollars from the earlier visit and 267 billion dollars in new deals signed at the forum. These pacts cover energy, artificial intelligence, defense, space exploration, finance, education, infrastructure, and healthcare, according to Al-Falih.

Trump described the alliance as "among the most consequential in the entire world," emphasizing its strength under his administration compared to...