Saudi Arabia plans to invest 600 billion US dollars in the next 4 years, the Crown Prince said during his meeting with Trump.

Dubai, United Arab Emirates – Saudi ArabiaHis Majesty the Queen wants to invest $600 billion in the United States over the next four years, the crown prince said Thursday, in comments that came after President Trump made his first foreign trip a price to return to the kingdom.

Mr. Trump’s 2017 trip to Saudi Arabia A tradition has grown of US presidents making their first foreign trip to the UK. His eponymous real estate company has also made deals in the region, and his administration has emphasized its close ties to the rulers of the oil-rich Gulf states.

The state-run Saudi Press Agency reported on Thursday morning that Crown Prince Mohammed bin Salman had spoken to Mr Trump by phone.

“The Crown Prince reaffirmed his desire to expand investment and trade with the United States by $600 billion and beyond over the next four years,” the report said.

Reading did not explain where those investments and trades would be placed. In recent years, the United States has moved away from its reliance on Saudi oil exports, a cornerstone of its relationship for decades. Saudi sovereign wealth funds have taken big stakes in American businesses when it comes to sports.

Saudi Arabia, however, relies primarily on US-made weapons and defense systems, which could be part of the investment.

There was no reading from the White House on the call. It was also unclear whether Mr Trump’s call with the crown prince was his first with a foreign leader since re-entering the White House. However, this is the first such call.

The crown prince of the oil-rich state met with US Secretary of State Marco Rubio earlier Thursday.

On Monday after his inauguration, Mr. Trump talked about going to the kingdom again as his first foreign visit, as he did in 2017.

Mr Trump told reporters in the Oval Office: “The first foreign trip would normally be with the UK, but … the last time I did with Saudi Arabia was because they agreed to buy $450 billion worth of our products.” We’ll adjust for inflation – I think I’d probably go.”

In the year His visit to the kingdom in 2017 sparked years of protests in four Arab countries, including Qatar.

Mr. Trump has had a close relationship with Saudi Arabia even after Prince Mohammed In the year It was included in the 2018 murder and dismemberment Washington Post columnist Jamal Khashoggi in Istanbul. The administration has also been talking about a broader deal with the Biden administration for years. Know Israel In exchange for US defense and other support.

The $600 billion pledge would cost the gross domestic product of many countries as the government faces its own budget pressures. Years after the corona virus epidemic increased to a high level, the world oil price remained hidden and affected the income of the kingdom.

Meanwhile, Prince Mohammed wants to continue the $500 billion project in Neom, a new city on the Red Sea in Saudi Arabia’s Western Desert. Before hosting the 2034 FIFA World Cup, it will have to build new stadiums and infrastructure worth tens of billions of dollars.