Trump Says He'll Ask Saudi Arabia to Increase Investment in US to $1 Trillion

At a virtual appearance at the World Economic Forum meeting in Davos, Switzerland, Trump also called for lower oil prices.
Trump Says He'll Ask Saudi Arabia to Increase Investment in US to $1 Trillion
President Donald Trump on a giant screen during his address by video conference at the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 23, 2025. Fabrice Coffrini/AFP via Getty Images
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President Donald Trump has said he will ask the Kingdom of Saudi Arabia to increase their planned investment in the United States to $1 trillion from $600 billion.

On Jan. 23, at a virtual appearance at the World Economic Forum meeting in Davos, Switzerland, Trump said he had seen reports earlier on Thursday about Saudi Arabia planning to invest more than $600 billion in the United States and would ask the Middle Eastern country’s leadership to “round it out about $1 trillion.”