Saudi Arabia’s Crown Prince Mohammed bin Salman told the president donald trump The kingdom reportedly plans to sink $600 billion in new investment and trade with the US over the next four years.

The Saudi state news agency reported that during a phone call between the two leaders, bin Salman said the Trump administration’s expected reforms could create “unprecedented economic prosperity.”

The agency also said Saudi Arabia wants to take advantage of those conditions, though it did not say where the $600 billion would come from, how it would be deployed and if it would be. public or private expenditure.

Bin Salman told Trump that the investment “could increase further if additional opportunities arise,” the report noted.

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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 Photos)

During his first term, President Trump forged close ties with Saudi Arabia and other Gulf states. In fact, Saudi Arabia invested $2 billion in a company created by Trump’s son-in-law and former aide, Jared Kushner, after Trump left office.

During his inauguration on Monday, Trump said he would consider doing so Saudi Arabia his first destination for a foreign visit if the capital Riyadh agreed to buy $500 billion in American goods.

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Russian President Vladimir Putin presents a gift made from a mammoth tusk to Saudi Arabia’s Crown Prince Mohammed bin Salman as the head of the Chechen Republic Ramzan Kadyrov looks on in Riyadh, Saudi Arabia, on 14 October 2019. (Reuters/File Photo/Reuters Photos)

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

After winning his way back into 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 the head of Saudi Arabia’s Public Investment Fund (PIF), Yasir Al-Rumayyan.

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The PIF is Saudi Arabia’s sovereign wealth fund, which is controlled by bin Salman and ruled by Al-Rumayyan.

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

Reuters contributed to this report.