President Donald Trump touted a new $600 billion investment from Saudi Arabia during a speech to world leaders in Davos.

Bin Salman does not clarify source of funds, offered in US president's first call with a foreign leader since returning to office; figure represents more than half of Saudi GDP

Saudi Arabia’s Mohammed bin Salman told President Donald Trump that he plans to invest $600 billion over the next four years.

Saudi Crown Prince Mohammed bin Salman promised on Thursday to pile $600 billion into US trade and investments as he congratulated Donald Trump on his return to the White House.

In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.

The US-brokered agreement with Israel of the United Arab Emirates, Morocco, Sudan and Bahrain in 2020 is called the ‘Abraham Accord’. Through this agreement, UAE and Bahrain restored their diplomatic relations with Israel. The deal ended decades of Israeli boycott of the Gulf countries.

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years,

Saudi's Crown Prince pledged to boost investments and trade with the US to $600 billion, but Donald Trump set a target of $1 trillion during his address at the World Economic Forum.