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, the Saudi State news agency said early on Thursday.<\/p>\n
In a phone call between the two leaders, the crown prince said the Trump administration\u2019s expected reforms could create \u201cunprecedented economic prosperity\u201d, the state news agency reported.<\/p>\n
The report said Saudi Arabia wants its investments to capitalise on these conditions. It did not detail the source of the $600bn, whether it would be public or private spending nor how the money would be deployed.<\/p>\n
The investment \u201ccould increase further if additional opportunities arise\u201d, the agency quoted Bin Salman as telling Trump.<\/p>\n
Trump fostered close ties with Gulf states including Saudi Arabia during his first term. The country invested $2bn in a firm formed by Jared Kushner, Trump\u2019s son-in-law and former aide, after Trump left office.<\/p>\n
Trump said following his inauguration on Monday that he would consider making Saudi Arabia his first destination for a foreign visit if Riyadh agreed to buy $500bn worth of American products, similar to what he did in his first term.<\/p>\n
\u201cI did it with Saudi Arabia last time because they agreed to buy $450bn worth of our product. I said I\u2019ll do it but you have to buy American product, and they agreed to do that,\u201d Trump said, referring to his 2017 visit to the Gulf kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"
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, the Saudi State news agency said early on Thursday. In a phone call between the two leaders, the crown prince said the […]<\/p>\n","protected":false},"author":1,"featured_media":4987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4986"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4986\/revisions"}],"predecessor-version":[{"id":4988,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/4986\/revisions\/4988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/4987"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}