Yesterday at the White House, President Donald J. Trump and Saudi Deputy Crown Prince Mohammed bin Salman reaffirmed their support for a strong, broad, and enduring strategic partnership based on a shared interest and commitment to the stability and prosperity of the Middle East region. They directed their teams to explore additional steps across a broad range of political, military, security, economic, cultural, and social dimensions to further strengthen and elevate the United States-Saudi strategic relationship for the benefit of both countries. U.S. and Saudi officials intend to consult on additional steps to deepen commercial ties and promote investment, and to expand cooperation in the energy sector. The President and the Deputy Crown Prince noted the importance of confronting Iran’s destabilizing regional activities while continuing to evaluate and strictly enforce the Joint Comprehensive Plan of Action. The President expressed his strong desire to achieve a comprehensive, just, and lasting settlement to the Israeli-Palestinian conflict and to continue the two countries’ consultations to help reach solutions for regional issues. More broadly, the President and Deputy Crown Prince noted the ongoing security and military cooperation between the two countries in confronting Daesh/ISIS and other transnational terrorist organizations that pose a threat to all nations.
The two countries announced their determination to strengthen their cooperation in the economic, commercial, investment, and energy fields, with the aim of realizing growth and prosperity in the two countries and the global economy. President Trump provided his support for developing a new United States-Saudi program, undertaken by joint U.S.-Saudi working groups, and its unique initiatives in energy, industry, infrastructure, and technology worth potentially more than $200 billion in direct and indirect investments within the next four years. The President also provided his support for United States investments in Saudi Arabia and the facilitation of bilateral trade, which will result in sizable opportunities for both countries. On energy, the two countries affirmed their desire to continue bilateral consultations in a way that enhances the growth of the global economy and limits supply disruption and market volatility.
The two countries highlighted that expanded economic cooperation could create as many as one million direct American jobs within the next four years, millions of indirect American jobs, as well as jobs in Saudi Arabia. The Deputy Crown Prince reviewed Saudi Arabia’s Vision 2030 program for the President and agreed to put in place specific bilateral programs to help both countries benefit from new opportunities created by the Kingdom’s implementation of those new economic plans.
