Published by Global Banking & Finance Review®
Posted on January 24, 2025
2 min readLast updated: January 27, 2026
Saudi Arabia announces a $600 billion investment and trade package with the US, including public and private procurement, as part of Vision 2030.
DAVOS, Switzerland (Reuters) - Saudi Economy Minister Faisal Alibrahim said on Friday that the $600 billion of expanded investment and trade with the United States mentioned by Saudi Crown Prince Mohammed bin Salman includes investments as well as procurement from the public and private sectors.
The state news agency said on Thursday that the crown prince had affirmed the kingdom's intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that.
"This number represents investments, procurement, public and private sector, and it's just a mirror reflection of the strong relationship," Alibrahim said on a panel at the World Economic Forum in Davos when asked if the kingdom would increase the figure to $1 trillion, as U.S. President Donald Trump suggested to the forum on Thursday.
"What we'll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number," Alibrahim said.
Asked if Saudi Arabia would reduce the price of oil - after Trump told Davos he would tell the kingdom and OPEC to do so - he said Riyadh was focused on long-term oil market stability.
Oil prices fell following Trump's remarks on Thursday.
Vision 2030 is an ambitious agenda launched in 2016 aimed at overhauling the Saudi economy to cut reliance on hydrocarbons, create jobs and build new industries.
"The kingdom's position, OPEC's position, is all about long-term market stability to make sure that there's enough supply for the growing demand," including from the U.S. and for artificial intelligence, he said.
Alibrahim also said a World Economic Forum gathering will regularly be held in Saudi Arabia starting in the spring of 2026, after it hosted a meeting last year.
(Reporting by Maha El Dahan, Yousef Saba and Marwa Rashad; Editing by Ros Russell, Kirsten Donovan)
The article discusses Saudi Arabia's $600 billion investment and trade package with the US.
It includes investments and procurement from both public and private sectors.
Vision 2030 is Saudi Arabia's plan to diversify its economy and reduce reliance on oil.
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