Saudi Arabia plans $ 600 billion in new investments in the United States, trade for four years


Saudi Arabias Príncipe Mohammed Bin Salman shakes hand with the president of the United States, Donald Trump, at the G20 leaders summit in Osaka, Japan, June 29, 2019. - Reuters
The heir prince of Saudi Arabia Mohammed Bin Salman shakes hand with the president of the United States, Donald Trump, at the G20 Leaders Summit in Osaka, Japan, June 29, 2019. – Reuters
  • MBS transmits congratulations from Father King Salman, during the call with Trump.
  • Trump says he would consider to make KSA his first destination for the foreign visit.
  • The Republicans promoted the nearby ties with the Gulf States, including Saudi Arabia during their first mandate.

The heir prince of Saudi Arabia Mohammed Bin Salman told President Donald Trump that the kingdom wants to put $ 600 billion in an extended investment and trade with the United States over the next four years, said the Saudi state news agency on early Thursday.

In a phone call between the two leaders, the heir prince said that the expected reforms of the Trump administration could create “unprecedented economic prosperity,” said the state news agency.

The report says that Saudi Arabia wants its investments to capitalize these conditions. He did not detail the source of the $ 600 billion, whether it was a public or private expenditure or how money would be implemented.

The investment “could increase even more if additional opportunities arise,” the agency quoted Bin Salman as to tell Trump.

Trump promoted nearby ties with the Gulf States, including Saudi Arabia during his first term. The country invested $ 2 billion in a company formed by Jared Kushner, son -in -law of Trump and former assistant, after Trump left office.

Trump said after his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyad agreed to buy American products worth $ 500 billion, similar to what he did in his first term.

“I did it with Saudi Arabia last time because they agreed to buy $ 450 billion in our product. I said that I did it but that you have to buy an American product, and they agreed to do that,” Trump said, referring to his 2017 visit to the kingdom of the Gulf.

During his first administration, Trump actively courted Saudi Arabia, for a long time an important energy and security partner for Washington.

His first visit abroad at 2017 went to the Saudi capital Riyadh, where he enjoyed an elaborate welcome that involves a sword dance and a fly of the Air Force aircraft.

However, the Riad and Trump team sought to boost ties after their White House departure, particularly through investments and construction agreements for their private conglomerate The Trump Organization.



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