Saudi Economy Minister Faisal Alibrahim stated on Friday that the kingdom’s $600 billion investment initiative with the United States encompasses both investments and procurement from both public and private sectors.
These remarks marked the first public comments from a Saudi official following U.S. President Donald Trump‘s suggestion that the kingdom’s “investment” should be increased to $1 trillion. According to Saudi Arabia‘s state news agency, the crown prince had previously confirmed the kingdom’s commitment to enhancing its investments and trade with the United States over the next four years, potentially exceeding the $600 billion figure.
Alibrahim, speaking at the World Economic Forum in Davos, emphasized that this amount reflects a robust relationship between the two nations when asked about the possibility of raising the figure to $1 trillion, as proposed by Trump. He noted, “This number represents investments, procurement, public and private sector, and it’s just a mirror reflection of the strong relationship.”
Trump had mentioned on Thursday that “Saudi Arabia will be investing at least $600 billion in America,” adding that he would encourage the crown prince, whom he described as a “fantastic guy,” to increase the total to around $1 trillion.
Recent government data indicated that U.S. exports of goods to Saudi Arabia have significantly outpaced Saudi foreign direct investment in the United States in recent years.
When questioned about the possibility of Saudi Arabia lowering oil prices—following Trump’s comments about urging the kingdom and OPEC to do so—Alibrahim reiterated that Riyadh is committed to ensuring long-term stability in the oil market. Oil prices experienced a decline after Trump’s statements on Thursday, although they saw a partial recovery on Friday.
The stance of the kingdom, as well as that of OPEC, focuses on ensuring long-term market stability to guarantee sufficient supply in response to increasing demand, including from the United States and the artificial intelligence sector, according to Alibrahim. He also mentioned that a World Economic Forum event will be held annually in Saudi Arabia beginning in the spring of 2026, following a meeting that took place there last year.
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