Saudi Arabia's crown prince Mohammed bin Salman told the president Donald Trump According to reports, the kingdom plans to spend $600 billion on new investments and trade with the United States over the next four years.

According to the Saudi State News Agency, during a telephone conversation between the two leaders, bin Salman said that the reforms expected from the Trump administration could create “unprecedented economic prosperity.”

The agency also said Saudi Arabia wanted to take advantage of the terms, although it did not say where the $600 billion would come from, how it would be deployed, or if it would happen. public or private expenditure.

Bin Salman told Trump that “investment can increase further if additional opportunities arise.”

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Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with President Donald Trump at the G20 leaders' summit in Osaka, Japan, on June 29, 2019. (Reuters/File photo / Reuters Images)

During his first term in office, President Trump established close relations with Saudi Arabia and other Gulf countries. In fact, Saudi Arabia has invested $2 billion in a firm that Jared Kushner, Trump's son-in-law and former aide, created after Trump left office.

During Monday's inauguration, Trump said he would consider it Saudi Arabia If the capital Riyadh is the first target for a foreign visit, it has accepted to buy 500 billion dollars worth of American products.

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Russian President Vladimir Putin presented a gift made of a mammoth tooth to the Crown Prince of Saudi Arabia, Mohammed bin Salman, while the head of the Chechen Republic, Ramzan Kadyrov, was watching in Riyadh, Saudi Arabia, October 14, 2019. (Reuters/File Photo / Reuters Photos)

“I did this last time with Saudi Arabia because they agreed to bury our $450 billion worth of products,” Trump said, referring to his visit to the country in 2017. “I said, 'I'll do it, but you have to buy the American product,' and they agreed.”

After returning to the Oval Office in November, Trump and several others attended a UFC fight at Madison Square Garden.

Among those in attendance with Trump were Elon Musk, Kid Rock, RFK Jr., Tulsi Gabbard, Speaker of the House Mike Johnson and Yasir Al-Rumayyan, head of Saudi Arabia's Public Investment Fund (PIF).

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The PIF is Saudi Arabia's sovereign wealth fund, which is managed by bin Salman and managed by Al Rumeyyan.

The PIF was estimated to have about $925 billion in assets in July, according to Reuters.

Reuters contributed to this report.