Saudi Arabia’s Crown Prince Mohammed bin Salman announced plans on Friday to invest $600 billion in the United States.
Saudi Arabia’s Crown Prince Mohammed bin Salman announced plans on Friday to invest $600 billion in the United States over the next four years. The move aims to deepen economic ties between the two nations, expanding trade and investment in both public and private sectors.
This announcement follows a phone call between the Crown Prince and U.S. President Donald Trump, who has made efforts to strengthen relations with Saudi Arabia throughout his previous presidency.
Faisal al-Ibrahim, Saudi Arabia’s Economy Minister, revealed the details of the proposed investment at the World Economic Forum in Davos, emphasizing that the funds would be directed towards a range of projects, including procurement from both Saudi public and private sectors.
Al-Ibrahim also addressed questions regarding oil market stability, stating that Saudi Arabia and OPEC's goal remains long-term oil market stability, rejecting suggestions to cut oil prices at the behest of President Trump.
The $600 billion investment, which includes a variety of sectors, represents a shift from the historically oil-dependent U.S.-Saudi relationship. Saudi Arabia has recently increased investments in U.S. businesses, including sports and defense sectors. The U.S. has also increasingly reduced its dependency on Saudi oil in favor of other energy sources, but defense ties remain strong, with Saudi Arabia heavily reliant on U.S. weapons and military systems.
The announcement of such a significant investment comes as Saudi Arabia seeks to position itself as a key global economic player, reducing its dependence on oil revenues and fostering deeper ties with the U.S.
Ukraine’s acceptance of a U.S. ceasefire proposal has salvaged its strained ties with Washington, securing the resumption of military aid and intelligence sharing. However, fundamental issues in the conflict with Russia remain unresolved.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the European Commission said in a statement on Wednesday.
The Republican-controlled U.S. House of Representatives on Tuesday approved a stopgap spending bill designed to keep federal agencies funded through September 30, averting a potential partial government shutdown that was set to begin this weekend.
Mexico’s economy appears on track to contract in the first quarter, potentially plunging the country into a technical recession, as U.S. President Donald Trump’s fluctuating tariff policies disrupt growth that was already showing signs of weakness.
Ukraine’s acceptance of a U.S. ceasefire proposal has salvaged its strained ties with Washington, securing the resumption of military aid and intelligence sharing. However, fundamental issues in the conflict with Russia remain unresolved.
Researchers say the remains belong to an adult member of an extinct species that lived up to 1.4 million years ago.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
The U.S. budget deficit reached $307 billion during President Donald Trump’s first full month in office, marking a 4% increase—an additional $11 billion—over the same period last year, according to the Treasury Department.
The European Commission’s plan to impose additional duties on up to 26 billion euros ($28 billion) of U.S. imports could significantly disrupt Europe’s livestock sector, which heavily relies on imported grains for animal feed, according to industry association FEFAC.
Ukraine’s acceptance of a U.S. ceasefire proposal has salvaged its strained ties with Washington, securing the resumption of military aid and intelligence sharing. However, fundamental issues in the conflict with Russia remain unresolved.
Ukraine’s acceptance of a U.S. ceasefire proposal has salvaged its strained ties with Washington, securing the resumption of military aid and intelligence sharing. However, fundamental issues in the conflict with Russia remain unresolved.
Researchers say the remains belong to an adult member of an extinct species that lived up to 1.4 million years ago.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment