RIYADH:泭蹤獲弝け has signed deals with the US worth more than $300 billion,泭Crown Prince Mohammed bin Salman said at the泭Saudi-US Investment Forum in Riyadh on Tuesday.泭
During an address at the event, Prince Mohammed said the Kingdom was泭looking at $600 billion of investment opportunities, adding that he hoped泭this would raise to $1 trillion.
He noted that the US was泭among the largest partners of the Saudi Vision 2030 reform agenda,泭adding泭that joint investments were one of the most important pillars of the泭economic relationship between the two countries.
The US is a major destination for the Public Investment Fund, accounting for approximately 40 percent泭of the fund's global investments, he said.
He also said that cooperation with Washington was not limited to economic cooperation, but also extended泭to establishing peace in the region and the world.
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Also speaking at the event, US President Donald Trump praised the泭transformation underway in 蹤獲弝け, as he attributed泭it to the leadership of King Salman and the crown prince.
Trump泭described the crown prince as a very great man like no other and the greatest representative of his people, and highlighted the role of泭Saudis泭in driving development in their own country and the region as a whole.
Trump pointed to Riyadhs rise as a global business hub and noted that the Kingdoms non-oil sector revenues had泭now surpassed those of the oil sector.
He said 蹤獲弝け deserved praise for preserving its culture and tradition泭while also embracing its forward-looking, modern Vision 2030 reform agenda.
During his speech, Trump criticized the Biden administration for removing the Houthis from the US terrorist list, calling it a serious mistake.
He contrasted regional developments, stating:泭Some (in the Gulf) have turned deserts into farms, while Iran has turned its farms into deserts, and warned that if Iran rejected泭Washingtons outreach, the US would be forced to impose maximum pressure.
Condemning Hezbollah for destabilizing the region and looting Lebanon, Trump said:泭The biggest and most destructive of these forces is the regime in Iran, which has caused unthinkable suffering in Syria, Lebanon, Gaza, Iraq, Yemen and beyond.
He described Lebanon as a victim of Hezbollah and Iran and expressed a desire to help the country.
Trump also praised 蹤獲弝けs role in Russia-Ukraine peace talks and affirmed US support for the Kingdom, saying it has a great future.
Earlier on Tuesday, the two leaders signed a strategic economic partnership agreement in Riyadh, the first leg of泭Trumps regional visit.
The partnership included泭the signing of Memorandums of Understanding in the泭energy, mining, and defense sectors.泭
Defense cooperation between the two countries centered泭on the modernization of the capabilities of the Saudi armed forces, along with an agreement between the Saudi Space Agency and NASA.
Other agreements included an MoU on mineral resources; an agreement泭with the Department of Justice; and cooperation on infectious diseases.
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Trump arrived in泭蹤獲弝け Tuesday on泭what he called a historic tour of the Middle East that will mix urgent diplomacy on Gaza with huge business deals.
Saudi Crown Prince Mohammed bin Salman warmly greeted Trump as he stepped off Air Force One at King Khalid International Airport in the Saudi capital and kicked off his Middle East tour.
The two leaders then retreated to a grand hall at the Riyadh airport, where Trump and his aides were served traditional Arabic coffee by waiting attendants wearing ceremonial gun-belts.
Royal Saudi Air Force F-15s provided an honorary escort for Air Force One as it approached the kingdoms capital. Trump and Prince Mohammed took泭part in a lunch at the Royal Court, gathering with guests and aides.泭
* With AFP and AP
