The Saudi economic minister claims that the $600 billion deal with the US comprises purchases and investments

The $600 billion in increased trade and investment with the United States that Saudi Crown Prince Mohammed bin Salman stated includes both public and private sector purchases, according to Saudi Economy Minister Faisal Alibrahim’s statement on Friday.

The crown prince confirmed the kingdom’s plan to increase its trade and investments with the United States by at least $600 billion over the next four years, and maybe more, the official news agency said on Thursday.

When asked if the kingdom would raise the figure to $1 trillion, as U.S. President Donald Trump suggested to the World Economic Forum in Davos on Thursday, Alibrahim responded, “This number represents investments, procurement, public and private sector, and it’s just a mirror reflection of the strong relationship,” during a panel at the forum.

“What we’ll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number,” Alibrahim stated.

He responded that Riyadh was focused on long-term oil market stability when asked if Saudi Arabia will lower the price of oil, after Trump’s declaration in Davos that he would order the kingdom and OPEC to do so.

Following Trump’s comments on Thursday, oil prices dropped.

Launched in 2016, Vision 2030 is a bold plan to transform the Saudi economy in order to reduce dependency on hydrocarbons, generate employment, and establish new sectors.

He stated, “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,” not only for artificial intelligence but also from the United States.

After hosting a World Economic Forum conference last year, Alibrahim added that the Kingdom will host another one in the spring of 2026.