Saudi Arabia has pledged to boost investments in America to nearly US$1 trillion, but according to analysts Riyadh could struggle to meet that target.
Rather, they said the pledge – announced when Crown Prince Mohammed bin Salman visited Washington last month – was more about the “political display” than a binding commitment.
By comparison, China and Saudi Arabia signed commercial deals worth about US$30 billion when Chinese President Xi Jinping visited Riyadh in 2022.
New business deals signed between Riyadh and Washington in November cover US infrastructure, technology and industry and include a civil nuclear cooperation agreement and a memorandum of understanding on artificial intelligence.
