Saudia Arabia's state run news agency reported that the country's crown prince intended to invest hundreds of billions into the US economy during US President Donald Trump's term in office.
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00:00Saudi Arabia's Crown Prince said that the Kingdom wants to invest $600 billion in the
00:08United States over the next four years, and potentially beyond that.
00:13The remarks from Crown Prince Mohammed bin Salman came after a phone call with recently
00:18inaugurated US President Donald Trump, and after Trump mused about returning to Saudi
00:23Arabia as his first foreign trip back in office.
00:27There was no immediate response from the White House regarding the call.
00:32It also wasn't clear whether Trump's call with the Crown Prince was his first with a
00:36foreign leader since returning to the Oval Office.
00:40The billion-dollar pledge, which dwarfs the gross domestic product of many nations, comes
00:46as the Kingdom faces budgetary pressures of its own.
00:49Global oil prices remain depressed years after the height of the coronavirus pandemic, affecting
00:56the Kingdom's revenues.
00:58In recent years, the US has increasingly pulled away from relying on Saudi oil exports, which
01:04was once the bedrock of their relationship for decades.