Saudi Arabia’s state news agency reported that the country’s crown prince plans to invest hundreds of billions of dollars in the US economy under US President Donald Trump.
Saudi Arabia’s Crown Prince announces that the kingdom is willing to invest $600,000 million (576,000 million euros) in the United States over the next four yearsAfter his phone call with US President Donald Trump. Crown Prince Mohammed bin Salman’s comments came after Trump considered returning to Saudi Arabia, his first foreign trip since returning to power.
The Saudi state news agency said on Thursday that “the Crown Prince confirmed the kingdom’s intention to expand its investments and trade with the United States” but did not give further details on how that money would be spent. During the meeting, the two leaders also touched upon how this would be done. countries can cooperate To establish peace, security and stability in the Middle East.
There has been no response from the White House yet regarding the call.. It’s also unclear whether Trump’s meeting with the crown prince was his first with a foreign leader since returning to the Oval Office. However, this was the first time he was reported to be abroad.
Trump’s relationship with Saudi Arabia
Trump had talked about the possibility of returning to the kingdom for his first foreign trip after taking office, as he did in 2017. “My first trip abroad would normally be with England, but… My last trip was with Saudi Arabia. Maybe because Agreed to buy for $450,000 million (429,000 million euros) “I think I’d probably go (again),” Trump told reporters in the Oval Office about our products. The newly appointed president.
In recent years, the United States has increasingly moved away from Saudi oil exports, which were once the basis of the relationship between the two countries. Trump maintained close ties with Saudi Arabia even after the Crown Prince became embroiled in controversy after his involvement in the 2018 killing of Washington Post columnist Jamal Khashoggi in Istanbul.
promise billion dollarsThis development, which dwarfs the gross domestic product of many nations, comes at a time when the kingdom is facing a problem of its own. budget pressures. Global oil prices remain low years after the rise of the coronavirus pandemic, dealing a blow to the kingdom’s revenues.
Meanwhile, the crown prince continued to invest NEOMA new city in the Saudi Arabian desert. The country needs to build new stadiums and infrastructure worth tens of billions of dollars before the 2034 FIFA World Cup it will host.
Additional resources • Voice: Lucía Blasco
