Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
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Saudi Crown Prince’s Washington Trip Signals Future-Focused Strategic Shift

WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - NOVEMBER 19: Crown Prince and Prime Minister Mohammed bin Salman of Saudi Arabia and US President Donald Trump stand for a photo with other participants at the US-Saudi Investment Forum at the Kennedy Center on November 19, 2025 in Washington, DC. Win McNamee/Getty Images/AFP

Over an intensive 48 hours, Washington became the stage for launching a new phase in the strategic alliance between Saudi Arabia and the United States, an alliance intended to bind the interests of both countries for decades to come.

The move coincided with the visit of Crown Prince Mohammed bin Salman, the Saudi Prime Minister, and built on the foundations set during President Donald Trump’s visit to Riyadh in May.

The meetings were not a mere display of existing ties, but a platform to unveil a strategic economic partnership framework whose pillars were laid during Trump’s trip to Riyadh. The document pushes bilateral cooperation to unprecedented levels of technological and financial integration.

The Crown Prince expressed confidence that this partnership with the US will grow at an unprecedented pace in the coming years, urging both sides to seize the promising opportunities it offers, opportunities driven by economic growth, diversification and innovation.

The Crown Prince said the signing of investment agreements and projects in sectors including defense, energy, artificial intelligence, rare minerals and finance will create substantial employment opportunities in both countries.

One of the longest economic partnerships

Total investments and agreements between American and Saudi companies reached 575 billion dollars, according to Saudi Investment Minister Khalid Al-Falih, strengthening what he described as “one of the longest and most dynamic economic partnerships in the world.”

This includes 307 billion dollars announced during Trump’s visit to Riyadh in May, additional bilateral commitments that followed, and 267 billion dollars in new deals unveiled at the 2025 US-Saudi Investment Forum.

Beyond the signing of a massive package of agreements exceeding 575 billion dollars, the most significant signal was the Crown Prince’s pledge to increase Saudi investment plans in the United States to 1 trillion dollars.

Trump described the financial commitment as evidence of the strength of the strategic alliance, saying it reinforces the relationship as a balanced partnership between the world’s largest economy and the Arab world’s largest economy, and marks a shift toward strategic investments in the sectors of the future.

Axes of the visit

The historic visit produced three main pillars:

First, artificial intelligence

The signing of the Strategic Artificial Intelligence Partnership between Saudi Arabia and the US marked a pivotal turning point in the nature of the bilateral relationship. The partnership is no longer limited to commercial cooperation, it lays the groundwork for a new phase of comprehensive and long term economic security.

A joint statement by the foreign ministers of the two countries said the understanding reflects a firm commitment to boosting innovation and technological progress, and to using advanced and emerging technologies to deepen shared security objectives.

This places artificial intelligence at the core of the security umbrella, making the stability of data and chip supply chains inside the Kingdom an integral part of US strategic interests.

The White House said the agreements will give the Kingdom access to world leading US systems while protecting US technology from foreign influence.

The partnership aims to cement the Kingdom’s position as a global computing hub, capitalizing on leading American technology.

Technological enablement: The partnership expands Saudi access to advanced US systems, reflected in the Commerce Department’s approval to export cutting edge Nvidia Blackwell chips, removing the biggest constraint on sector growth.

Infrastructure development: The partnership supports plans to build massive supercomputing hubs in the Kingdom. Companies such as Elon Musk’s firms and Nvidia announced large scale projects and high capacity computing centers of 500 megawatts or more, citing Saudi Arabia’s competitive advantages in energy, land availability and geographic location, which position it as a global center for cloud computing and AI services.

Digital sovereignty: Financial market cooperation includes a memorandum of understanding on education and training, signaling the Kingdom’s focus on building local knowledge and human capacity to secure “computational sovereignty” and lead future AI applications.

HUMAIN at the center: The shift is embodied in the prominent role of HUMAIN, the Saudi Public Investment Fund owned AI company that featured in many joint announcements.

Alongside the joint project announced by Elon Musk between his company xAI, Nvidia and HUMAIN to develop a 500 megawatt artificial intelligence computing center in the Kingdom, Nvidia CEO Jensen Huang praised HUMAIN’s “massive” expansion in the six months since its establishment, saying he is working with Saudi Arabia to train advanced robots and build supercomputers.

HUMAIN is also partnering with US chipmakers AMD and Cisco to develop data centers in the Middle East, beginning with a 100 megawatt facility in the Kingdom to serve Luma AI, a California based generative video producer. HUMAIN led a 900-million-dollar funding round for Luma AI, deepening the Kingdom’s efforts to build what is being described as the “Hollywood of artificial intelligence.”

HUMAIN also announced collaborations with Adobe and Qualcomm to develop Arabic language AI, and a partnership with Global AI to build a data center campus in the US, highlighting its two-way global expansion.

Amazon Web Services and HUMAIN said they will expand their strategic partnership to deploy up to 150,000 AI accelerators inside a major facility in Riyadh known as the Artificial Intelligence Zone.

Second, energy and minerals

The strategic significance of the visit extended beyond artificial intelligence to major advances in energy and minerals, with agreements designed to secure critical supply chains and safeguard future energy sources.

Civil nuclear cooperation: The announcement of the completion of negotiations on civil nuclear energy cooperation, known as the 123 Agreement, was the most important milestone.

The White House said the agreement establishes the legal foundation for a multibillion dollar nuclear partnership spanning decades and supports the Kingdom’s strategic goal of diversifying clean energy sources. The statement said US companies will be the Kingdom’s preferred partner in this field.

Critical minerals: The two sides also signed a “Strategic Framework for Cooperation on Securing Uranium, Metals, Permanent Magnets and Critical Minerals Supply Chains.”

The framework anchors the partnership in economic security, directly linking US interests to Saudi geological resources.

It aims to strengthen global supply chain resilience through projects such as establishing a rare earth refinery with US company MP Materials, the Department of Defense and Saudi mining firm Maaden.

The White House said the critical minerals framework will deepen cooperation and align strategies for diversifying critical mineral supply chains, adding that the agreement builds on similar deals secured by Trump with other trading partners to ensure the resilience of the US supply chain for essential minerals.

Aramco investments: Aramco announced 17 new agreements worth 30 billion dollars, bringing total cooperation with US companies to 120 billion dollars, including expansions into liquefied natural gas and advanced services.

Third, investment and financial markets

The economic and financial dimension was central in reinforcing the depth of the partnership, supported by the Crown Prince’s pledge to raise Saudi investments in the US to nearly 1 trillion dollars.

Investment facilitation: The two sides signed the strategic framework for facilitating procedures to accelerate Saudi investments and the Financial and Economic Partnership Arrangements.

These ensure that investment commitments flow smoothly into US growth sectors, including infrastructure and technology, creating high paying American jobs and supporting shared prosperity.

The US Treasury Department and the Saudi Finance Ministry signed agreements to strengthen cooperation on financial markets, standards and regulatory frameworks. The step is intended to integrate and streamline capital flows, bolstering the resilience of the global financial system.

The two countries also agreed to intensify efforts on trade issues, including reducing trade barriers and recognizing US federal vehicle safety standards, a direct gain for American manufacturers and exporters that supports the Kingdom’s sector modernization at the same time.

Financial markets and trade integration: The visit also produced agreements on cooperation in the financial markets sector aimed at improving governance and regulatory standards.

Dr. Abdullah Al-Jassar, a member of the Saudi Economic Association and the International Association for Energy Economics, told Asharq Al-Awsat that the agreements signed during the Crown Prince’s visit to Washington represent a new phase in the economic relationship between the two countries, particularly in energy, investment and advanced technologies.

He said the deals open the door to high value investments and help develop national skills in advanced fields, supporting economic diversification and strengthening the Kingdom’s position in global energy markets.

“We are looking at long term partnerships that contribute to building a more balanced and sustainable economy,” he said.

In the end, the agenda of the Washington visit was not just a successful diplomatic tour, it was a formal launch of a high stakes partnership for the new era. The agreements place Saudi Arabia and the US on a path toward deep strategic integration.



Saudi Fund to Speed Syria Recovery with Up to $1.5 Bln Financing

Delegation from the Saudi Fund for Development meets Syrian Finance Minister Mohammed Yisr Barnieh (Syrian Finance Ministry)
Delegation from the Saudi Fund for Development meets Syrian Finance Minister Mohammed Yisr Barnieh (Syrian Finance Ministry)
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Saudi Fund to Speed Syria Recovery with Up to $1.5 Bln Financing

Delegation from the Saudi Fund for Development meets Syrian Finance Minister Mohammed Yisr Barnieh (Syrian Finance Ministry)
Delegation from the Saudi Fund for Development meets Syrian Finance Minister Mohammed Yisr Barnieh (Syrian Finance Ministry)

A delegation from the Saudi Fund for Development, headed by its chief executive Sultan bin Abdulrahman Al-Marshad, discussed proposed priority projects in Syria’s electricity and water sectors with Syrian Energy Minister Mohammed al-Bashir and other ministry officials.

Four projects worth $250 million were presented, part of a broader list of projects across various sectors to be financed by the fund in phases, with total funding potentially reaching $1.5 billion.

Al-Marshad told Asharq Al-Awsat that development agreements to finance priority projects in vital sectors would be signed with the Syrian government “soon.”

The talks are part of a three-day visit to Syria that began on Tuesday, during which the delegation is holding meetings with several ministers and heads of public bodies to discuss priority development projects and the fund’s contribution to economic and social development in Syria, as well as support for stability.

The delegation began its meetings on Wednesday with a visit to the headquarters of the Energy Ministry in Damascus. According to a ministry statement, discussions focused on priority projects proposed in the electricity and water sectors, as part of coordination to identify areas that could be supported in the next phase.

The delegation later held an expanded meeting with Energy Ministry aides, including Ibrahim al-Adhan, for planning and institutional excellence, and with Osama Abu Zeid for water resources, attended by officials from the electricity, water, and sanitation sectors.

During the meeting, a package of service and development projects was reviewed to determine the ministry’s priorities ahead of moving to subsequent coordination and implementation stages.

The proposed projects include maintenance of the Aleppo thermal power plant to restore it to full production capacity, the supply and installation of prepaid smart water meters for institutions across all provinces, a project to convey Euphrates water from Deir el-Zor in eastern Syria to the Tadmor and Hasiya areas in Homs province, and an irrigation project for the plains of al-Bab and Tadef in northern Aleppo countryside, aimed at improving water resources and supporting the agricultural sector.

The ministry stated that the visit is part of efforts to define its requirements, noting that a subsequent meeting will be held with the Ministry of Finance to finalize coordination and select the priority projects to be supported.

In a separate statement to Asharq Al-Awsat, Al-Marshad said the visit aims to explore opportunities for development cooperation between the Saudi Fund for Development and Syria across various sectors. He said discussions are focused on financing priority projects and supporting economic and social development in Syria.

Al-Marshad said development agreements with the Syrian government to finance priority projects in vital sectors would be signed in the near future.

For his part, Energy Ministry aide for water resources Osama Abu Zeid told Asharq Al-Awsat that the proposed projects are “important and urgent to achieve early recovery and improve services for the Syrian people.”

He stated that the rehabilitation of the al-Bab and Tadef irrigation project would irrigate more than 6,600 hectares, while rehabilitating the Aleppo thermal power plant would increase electricity generation capacity by up to 600 kilowatts.

He said the rehabilitation of water stations in villages and towns destroyed during the war includes restoring 157 stations, while the supply of prepaid smart water meters would help rationalize consumption and improve water services.

Abu Zeid stated that the total value of the projects amounts to $250 million, noting that there has been positive engagement from the Saudi Fund for Development, and that funding is expected to be approved soon after the administrative procedures are completed.

The Saudi Fund for Development delegation, led by Al-Marshad, also met Syrian Finance Minister Mohammed Yisr Barnieh on Tuesday to discuss the provision of concessional financing with a high grant component to support government projects in vital sectors.

In a post on LinkedIn, Barnieh expressed hope that an agreement would be reached by the end of the visit on a list of projects to be financed in phases, with a total value potentially reaching $1.5 billion.

According to Barnieh, the projects primarily focus on the health and education sectors through the rehabilitation and equipping of hospitals and schools, as well as projects in the energy and water sectors, including electricity substations and water treatment facilities, alongside housing, disaster management, and telecommunications projects.

The projects also include financing support for a large number of micro, small, and medium-sized enterprises, helping to create productive job opportunities in several development areas.

Barnieh said he presented an initial overview outlining needs and proposed projects, prepared in cooperation with several ministries, governorates, authorities, and institutions, within the framework of a workshop organized by the Finance Ministry earlier this week in support of the “Syria Without Camps” initiative.

The Saudi Fund for Development delegation also met with Health Minister Musaab al-Ali to discuss financing and support for vital health projects within the ministry’s 2026-2028 plan, as well as with Education Minister Mohammed Abdulrahman Turko to discuss enhancing cooperation in education and improving the educational process in Syria.

The fund stated on Tuesday that the visit highlights the importance of development cooperation between the two sides in supporting the sustainable development goals and development initiatives in Syria.

Since its establishment in 1974, the fund has contributed to development projects in over 100 developing countries, financing more than 800 projects and programs worth over $22 billion.

Saudi Arabia has continued to provide extensive support to Syria across multiple sectors following the ouster of former president Bashar al-Assad on Dec. 8, 2024.

Mohammed Hamza, head of the Syrian General Authority for Exhibitions and International Markets, said during his participation as guest of honor at the “Made in Saudi Arabia” exhibition held from Dec. 15 to 17 that Saudi investments in Syria exceeded $6.6 billion in 2025 across various sectors.


Saudi Minerals Program Accelerates Unlocking Trillions Beneath the Desert

Saudi Arabia maps mining exploration zones (Asharq Al-Awsat)
Saudi Arabia maps mining exploration zones (Asharq Al-Awsat)
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Saudi Minerals Program Accelerates Unlocking Trillions Beneath the Desert

Saudi Arabia maps mining exploration zones (Asharq Al-Awsat)
Saudi Arabia maps mining exploration zones (Asharq Al-Awsat)

Economic experts said the Saudi Cabinet’s approval of the draft rules and procedures governing the National Minerals Program marks a decisive step that will accelerate the development of the Kingdom’s vast mineral resources, estimated at around 9 trillion riyals, or $2.4 trillion.

They said the move firmly positions mining as the third pillar of national industry and a key engine of non-oil growth.

Khalid Al-Mudayfer, Deputy Minister of Industry and Mineral Resources for Mining Affairs, said the approval builds on sustained government support for the mining and minerals industries. He said the program will act as a primary enabler to ensure sufficient current and future mineral supplies and to address gaps across value chains.

The regulatory push comes as economic circles look ahead to the fifth edition of the International Mining Conference, set to take place in Riyadh from Jan. 13 to 15, 2026, under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz.

The event is expected to generate exceptional momentum, with around 150 memorandums of understanding and strategic agreements anticipated, alongside participation from more than 200 exhibitors and sponsors.

From regulation to strategic planning

Mohammed Al-Duleim, chairman of the National Mining Committee at the Federation of Saudi Chambers, told Asharq Al-Awsat that the Cabinet’s approval reflects the government’s determination to build a strong, well-regulated and sustainable mining sector capable of matching the ambitions of the Saudi economy at this stage.

He said the decision represents a qualitative shift in a sector that has become part of strategic economic activities linked to industry and several other sectors, making a positive contribution to non-oil growth.

Al-Duleim said the timing of the program is critical, as global competition for minerals intensifies, echoing earlier competition for oil. He said the Kingdom has moved early from a focus on regulation and governance toward forward planning and long term sustainability.

He added that the program guarantees the timely availability of mineral supplies at stable prices, offering investors a high degree of clarity and helping to manage risks. He said Saudi Arabia has now emerged as a global minerals hub, driven by the outcomes of the International Mining Conference and a successful partnership between the public and private sectors.

Strong domestic demand underpins the new program, which centers on securing mineral needs on time and at stable prices, Al-Duleim said.

The Cabinet decision, he added, enhances transparency and confidence for investors and reinforces the state’s comprehensive approach to managing the sector, from planning to value maximization, in line with Vision 2030 targets.

He said the Kingdom’s status as a global minerals center has been reinforced by mega projects and by the government’s success in building public private partnerships, positioning Saudi Arabia as a major international destination through the annual International Mining Conference in Riyadh.

Unifying procedures

Economist Ahmed Al-Shahri told Asharq Al-Awsat that the new program represents a regulatory step aimed at strengthening governance of the sector and improving management mechanisms.

He said it supports exploration and development of mineral resources valued at more than 9 trillion riyals, or $2.4 trillion.

He said the National Minerals Program provides a government framework that organizes the sector and defines coordination mechanisms among relevant authorities, adding that Cabinet approval will lead to unified procedures and faster licensing.

Al-Shahri stated that the program aims to transform mining into a key economic pillar, aligning with government objectives, while also attracting both domestic and foreign investment. He said it also focuses on maximizing local value added from mineral resources.

He said the decision reflects a structured, long term approach to developing the minerals sector, strengthening exploration, environmental governance and sustainability.

In conclusion, the National Minerals Program stands as a key mechanism to enhance the efficiency of developing Saudi Arabia’s mineral wealth, combining strict governance with flexible planning.

Analysts said this approach will help channel the necessary investment to deliver significant gains in the sector’s contribution to the country's gross domestic product in the coming years.


Saudi Arabia Continues to Excel, Achieves Second-Highest Growth Rate in Tonnage in G20

A night view of Riyadh, Saudi Arabia. (Reuters file)
A night view of Riyadh, Saudi Arabia. (Reuters file)
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Saudi Arabia Continues to Excel, Achieves Second-Highest Growth Rate in Tonnage in G20

A night view of Riyadh, Saudi Arabia. (Reuters file)
A night view of Riyadh, Saudi Arabia. (Reuters file)

Saudi Arabia marked a significant milestone in the maritime transport sector in 2025, with its national fleet recording a 32% growth rate compared to 2024.

The achievement secures Saudi Arabia the second-highest growth rate globally among G20 nations.

The rapid growth reflects the continuous development of the Kingdom’s maritime sector, driven by strategic regulatory initiatives, increased investment, modernized legislative frameworks, and the enhanced efficiency of national fleets.

The performance marks a substantial leap from the 6.4% growth rate recorded at the beginning of 2024, highlighting the sector's accelerating year-on-year progress.

The Transport General Authority (TGA) stated that the achievement aligns with the National Transport and Logistics Strategy, which aims to position the Kingdom as a global logistics hub, and focuses on strengthening the maritime sector’s role in supporting supply chains, boosting the national economy, and boosting the efficiency of international trade flows through Saudi ports.

The progress underscores the Kingdom’s commitment to developing a maritime ecosystem consistent with global best practices, ensuring sustainability, and consolidating its strategic position among leading nations in the field, it added.