In a major economic development, Saudi Crown Prince Mohammed bin Salman announced on Tuesday that the Kingdom of Saudi Arabia has signed agreements with the United States valued at over $300 billion. The announcement came during the 2025 Saudi-U.S. Investment Forum held in Riyadh and attended by U.S. President Donald Trump, who is on an official visit to the Kingdom. The forum served as a platform to showcase the strength and future potential of bilateral economic ties between the two nations.

President Trump’s visit marks a significant moment in the diplomatic and economic relationship between the two long-time allies. The agreements signed span various sectors including energy, defense, infrastructure, artificial intelligence, and technology. They are seen as part of Saudi Arabia’s broader push to diversify its economy under its ambitious Vision 2030 program and attract foreign investment to support national development.

During his address at the investment forum, Crown Prince Mohammed bin Salman highlighted the enduring nature of Saudi-U.S. relations, stating, “Our countries share a deep economic relationship that began 92 years ago.” He emphasized that the economic cooperation between the two nations has been central to their strategic partnership and continues to grow in both scale and scope.

Underscoring Saudi Arabia’s regional economic leadership, the Crown Prince pointed out that the Kingdom is currently the largest economy in the Middle East. He revealed that in addition to the $300 billion in newly signed agreements, the Kingdom is actively pursuing further partnership opportunities with the U.S. valued at approximately $600 billion. These potential ventures signal a strong commitment to sustained economic integration and shared prosperity.

The Crown Prince also shared key insights into the history of trade relations between the two nations. He disclosed that the total trade volume between Saudi Arabia and the United States from 2013 to 2024 reached a cumulative value of $500 billion. This figure illustrates the consistent growth in bilateral trade, reflecting cooperation in critical sectors such as oil and gas, defense, aviation, health, education, and financial services.

In addition to trade and government-level agreements, U.S. companies continue to play a vital role in Saudi Arabia’s investment landscape. According to the Crown Prince, nearly 25 percent of all foreign investment in Saudi Arabia originates from the United States. This strong investment footprint speaks to the confidence American investors have in the Saudi economy and the reforms being implemented under Vision 2030, which aims to reduce the country’s dependence on oil and expand private sector participation.

The 2025 Saudi-U.S. Investment Forum is expected to catalyze deeper economic cooperation, foster innovation, and enhance the Kingdom’s attractiveness as a global investment hub. With both nations reaffirming their commitment to shared economic goals, the agreements signed during President Trump’s visit are likely to mark the beginning of a new era of strategic economic partnership.