RIYADH. Saudi Arabia and the United States have sealed agreements worth over $300 billion, announced Crown Prince Mohammed bin Salman during the Saudi-US Investment Forum in Riyadh on May 13, 2025. The landmark deals mark a significant step in strengthening economic ties between the two nations, aligning with the Kingdom’s Vision 2030 reform agenda.
A Vision for Trillion-Dollar Investments
Speaking at the forum, Crown Prince Mohammed bin Salman revealed that Saudi Arabia is exploring investment opportunities totaling $600 billion, with ambitions to scale this to $1 trillion. He emphasized the United States as a key partner in Vision 2030, noting that approximately 40% of the Public Investment Fund’s global investments are directed toward the US. “Joint investments are a cornerstone of our economic relationship,” the Crown Prince stated, as reported by the Saudi Press Agency.
Beyond economics, the Crown Prince highlighted cooperation with the US in promoting regional and global peace, underscoring the multifaceted partnership between the two nations.
US Leadership Praises Saudi Transformation
US President Donald Trump, also speaking at the forum, lauded Saudi Arabia’s transformation under the leadership of King Salman and Crown Prince Mohammed bin Salman. Describing the Crown Prince as “a great leader and representative of his people,” Trump praised the Kingdom’s rise as a global business hub. He noted that Saudi Arabia’s non-oil sector revenues have now surpassed oil revenues, a testament to the success of Vision 2030 in diversifying the economy while preserving cultural heritage.
Trump also addressed regional challenges, criticizing the Biden administration’s decision to remove the Houthis from the US terrorist list and condemning Iran and Hezbollah for destabilizing the Middle East. He contrasted Saudi Arabia’s progress with Iran’s setbacks, stating, “While some turn deserts into farms, Iran has turned farms into deserts.” Trump expressed support for Lebanon, describing it as a victim of Hezbollah and Iran, and reaffirmed US backing for Saudi Arabia’s “great future” and its role in Russia-Ukraine peace talks.
Strategic Economic Partnership Signed
On the same day, the two leaders signed a strategic economic partnership agreement in Riyadh, marking the start of Trump’s Middle East tour. The agreement included Memorandums of Understanding (MoUs) in key sectors:
- Energy and Mining: Collaborative initiatives to advance sustainable resource development.
- Defense: Modernization of Saudi armed forces’ capabilities.
- Space Exploration: Partnership between the Saudi Space Agency and NASA.
- Health and Justice: Cooperation on infectious disease research and an agreement with the US Department of Justice.
Why This Matters for Saudi Arabia
The $300 billion in deals and the broader vision for trillion-dollar investments highlight Saudi Arabia’s growing influence as a global economic powerhouse. By fostering partnerships with the US in energy, defense, and technology, the Kingdom is advancing its Vision 2030 goals while strengthening its role in global diplomacy.
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