Trump has had a close relationship with the crown prince, Mohammed Bin Salman, even as his real estate company does major deals with oil-rich kingdom.

The US-brokered agreement with Israel of the United Arab Emirates, Morocco, Sudan and Bahrain in 2020 is called the ‘Abraham Accord’. Through this agreement, UAE and Bahrain restored their diplomatic relations with Israel. The deal ended decades of Israeli boycott of the Gulf countries.

The comments from Crown Prince Mohammed bin Salman came after President Donald Trump mused about returning to the kingdom as his first foreign trip.

Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.

President Donald Trump has invited Israeli Prime Minister Benjamin Netanyahu to visit the White House on Feb. 4, making the Israeli premier the first foreign leader to be invited to the White House in Trump’s second term.

While addressing the World Economic Forum in Davos one day later, Trump said that he will ask MBS, whom he called a “fantastic guy”, to round up the $600bn pledge to “around $1trn”. Trump asserted that the Saudis would do this “because we’ve been very good to them”.

U.S. President Donald Trump told global business leaders on Thursday they should manufacture products in the United States to avoid import tariffs and enjoy low tax rates.

Donald Trump has secured a massive $600 billion investment deal with Saudi Arabia, reinforcing his reputation as a master dealmaker. This deal aligns with Saudi Arabia’s Vision 2030 and Trump’s focus on driving economic growth and creating jobs.

The announcement came as the United States pressures Israel and Hamas to continue a ceasefire that has paused a devastating 15-month war in Gaza.

The kingdom has also reoriented its spending from overseas into its domestic market. One indicator of this was that in 2024, the UAE’s Mubadala surpassed Saudi Arabia’s Public Investment Fund (PIF) as the world’s most active sovereign wealth fund.

Saudi Arabia's Crown Prince announced Thursday that the kingdom is set to invest $600 billion in the United States over the next four years.