RIYADH: Saudi Arabia intends to broaden its trade and investment in the United States to at least $600 billion over the next four years, the Saudi Press Agency reported early on Thursday.
Saudi Arabia’s Crown Prince Mohammed bin Salman told US President Donald Trump about the Kingdom's plan during a phone conversation late Wednesday, the report said.
With Trump's vow to carry out wide-ranging reforms in the world's largest economy, the Kingdom seeks to participate in opportunities for partnership and investment, SPA quoted the crown prince as saying.
The report did not indicate any details of the planned investments.
The two leaders also discussed ways for cooperation between their countries to promote peace, security and stability in the Middle East, in addition to enhancing bilateral cooperation to combat terrorism.
Trump assumed office on Monday and said he would restore American prestige and rebuild its economic power.
Trump made the Kingdom his first foreign visit during his first term and the countries signed a number of investment agreements worth about $400 billion.
The crown prince said in 2018 that part of the “armaments will be manufactured in Saudi Arabia, so it will create jobs in America and Saudi Arabia, good trade, good benefits for both countries and also good economic growth. Plus, it will help our security”.
Trump campaigned on his America First policy which seeks to prioritize the US economy and American citizens.
He signed an executive order on Monday to establish “a robust and reinvigorated trade policy that promotes investment and productivity, enhances our Nation’s industrial and technological advantages, defends our economic and national security”.
Prince Mohammed conveyed his and King Salman’s congratulations to Trump upon his return to the Oval Office and the Saudi leaders wished the American people further progress and prosperity.
Trump expressed his thanks to the king and crown prince for their congratulations, stressing his keenness to work with them on everything that would serve the common interests of both nations.
Trump was well received in the Kingdom in 2017 and attended a number of events in Riyadh with the king and crown prince. King Salman presented the US president with the Collar of Abdulaziz Al Saud, the Kingdom’s top civilian honor.
The king hosted a state dinner for Trump, where both took part in a traditional war dance ahead of the banquet.
The pair also opened the Global Center for Combating Extremist Ideology, part of a broad initiative to tackle the root causes of extremism and stop terror financing.
Crown prince to Trump: Saudi Arabia seeks to push US investments to $600bn during second term
https://arab.news/8qzms
Crown prince to Trump: Saudi Arabia seeks to push US investments to $600bn during second term
Saudi scientific organization celebrates 2025 Nobel Prize in Chemistry laureate Omar Yaghi
- King Abdulaziz City for Science and Technology honors him with a reception at its headquarters in Riyadh
- Yaghi, the first Saudi recipient of a Nobel Prize, shared the Nobel Prize with 2 other scientists for their pioneering work in molecular chemistry
LONDON: King Abdulaziz City for Science and Technology in Riyadh honored Omar Yaghi, the Saudi scientist and recipient of the 2025 Nobel Prize in Chemistry, with a reception at its headquarters in Riyadh on Thursday.
Yaghi is the first Saudi scientist awarded a Nobel Prize. He received it in December, alongside two other scientists, for their pioneering work in the field of molecular chemistry, and for contributions to energy, the environment and advanced materials.
He is also supervisor of the Center of Excellence for Nanomaterials for Clean Energy Applications, a collaboration between KACST and the University of California, Berkeley.
Munir Eldesouki, the president of KACST, said that the Kingdom is keen to recognize its scientific talents, in keeping with Saudi Vision 2030 and its goals relating to the fostering of scientific research.
Yaghi said he appreciated the support he had received from Saudi leaders during his career, and praised them for creating an enabling environment in which scientists are able to pursue world-class research, development and innovation.
Investment in national talent has created a research ecosystem that positions Saudi Arabia among the leading scientific nations, he added.
Thursday’s event, attended by the organization’s staff and students, also honored the winning teams from the recent “GenAI for Materials Discovery Hackathon,” which KACST organized in partnership with the University of California, Berkeley, and Academy 32, a nonprofit Saudi organization dedicated to research, development and innovation.
The celebration concluded with an interactive discussion session during which Yaghi talked with students and researchers, reflected on key milestones in his scientific journey, and shared insights into the factors that helped shape his career, the Saudi Press Agency reported.
