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.
At least two people have been killed after a car drove into a crowd in the eastern German city of Leipzig, local broa...
At a time when geopolitical tensions continue to ripple across multiple regions, from Ukraine to the Middle East, ...
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United S...
Austria has expelled three diplomats from the Russian Embassy over concerns that satellite installations on diplomatic buildings could be used for ...
A Russian missile strike killed six people in Ukraine’s Kharkiv region on Monday (4 May), as Kyiv reported fresh attacks on energy infrastruc...
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United States would "guide out" ships stranded in the Gulf by the U.S.-Israeli war on Iran.
The U.S. House of Representatives approved a three‑year budget plan on Wednesday that clears the way for Congress to take up an additional $70 billion for immigration enforcement by federal agencies.
The Iron Dome has long symbolised Israeli security, reshaping modern warfare with its reported “90% success rate”. But as regional tensions surge in April 2026, questions are growing over whether the world’s most battle-tested air defence system can remain sustainable.
Iranian Foreign Minister Abbas Araghchi concluded a four-day tour on Tuesday, visiting Pakistan, Oman and Russia, expressing satisfaction with discussions focused on bilateral ties and regional developments.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chances of a deal after Tehran called for security guarantees, an end to naval blockades and a halt to the war across the region, including in Lebanon.
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United States would "guide out" ships stranded in the Gulf by the U.S.-Israeli war on Iran.
Ukraine has launched a new wave of drone strikes on Sunday (3 May) across Russia, hitting key infrastructure and causing casualties in several regions, officials on both sides said.
President Donald Trump has said the United States could restart strikes on Iran “if they misbehave”, as he waits to review the full details of a new proposal from Tehran.
At least two people have been killed after a car drove into a crowd in the eastern German city of Leipzig, local broadcaster MDR reported, citing police.
Austria has expelled three diplomats from the Russian Embassy over concerns that satellite installations on diplomatic buildings could be used for espionage.
A Russian missile strike killed six people in Ukraine’s Kharkiv region on Monday (4 May), as Kyiv reported fresh attacks on energy infrastructure and a sharp rise in drone strikes on ports.
Australia and Japan agreed on Monday to deepen cooperation on energy and critical minerals, as Japan’s Prime Minister Sanae Takaichi met her Australian counterpart Anthony Albanese during a three-day visit.
Australia began public hearings on Monday in an inquiry into the Bondi Beach mass shooting in December, with Jewish Australians giving evidence about their experiences of rising domestic antisemitism.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment