Saudi Crown Prince Mohammed bin Salman has confirmed to US President Donald Trump the Kingdom's desire to expand investment partnership with the United States. They also discussed enhancing cooperation to achieve peace, security and stability in the Middle East, and bilateral efforts to combat terrorism.

The Saudi Crown Prince made a phone call to the US President this evening, the day after his return to the White House. He conveyed to him the personal congratulations of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, expressing “the Saudi leadership’s wishes for the American people for further progress and prosperity” under his leadership.

The two sides also discussed strengthening bilateral relations in various fields, and the Saudi Crown Prince expressed his confidence in the Trump administration's ability to achieve unprecedented economic reforms in the United States.

Prince Mohammed bin Salman indicated that Saudi Arabia looks forward to benefiting from these reforms by expanding its investment and trade partnerships with the United States, stressing that Saudi Arabia plans investments amounting to $600 billion over the next four years, with the possibility of increasing them if additional opportunities become available.

For his part, the US President expressed his thanks and appreciation to the Custodian of the Two Holy Mosques and the Crown Prince for the congratulations, stressing his keenness to enhance cooperation and work with Saudi Arabia to serve the common interests of the two countries.

A Saudi source noted that “this call comes just two days after President Trump’s inauguration, reflecting the strength of Saudi-American relations, which are characterized by a strategic alliance spanning more than eight decades, based on mutual respect and common interests.” He added that the call “affirms the will of the two leaderships to strengthen this strategic relationship and push it towards new horizons in a way that achieves the interests of both countries.”

He pointed out that the Saudi Crown Prince's announcement during the call of his country's desire to expand its investments with the United States to reach $600 billion over the next four years, "reflects Saudi Arabia's belief in the ability of the new American administration to achieve unprecedented economic prosperity."

He explained that “these investments are an extension of the economic partnerships that began during President Trump’s first term, and included investment opportunities in promising sectors, which enhances the transfer and localization of technology and the creation of new job opportunities, within the framework of the development renaissance witnessed by the Kingdom as the fastest growing economy among the G20 countries.”

The source added that these partnerships “are expected to generate billions of dollars in investments, contributing to the development goals of both sides,” noting that they coincide with the SoftBank Fund, in which Saudi Arabia owns large shares, aiming to allocate $500 billion in investments related to artificial intelligence, “which enhances the role of technology in the economic partnership between the two countries, in addition to vital areas including military industries, space exploration, nuclear energy, and the development of artificial intelligence uses.”