Breaking News

Donald Trump Rewards More Bay in the US star-news.press/wp

Sameer Hashmi

Business reporter

Getty Images Donald Trump and Crown Prince Mohammed Bin Salman shakes hands at the meeting in 2019. Years.Getty Images

President Trump, pictured here in 2019. years, should be introduced to the Saudi Crown Medium Prince Mohammed Bin Salman on Tuesday

With US President Donald Trump, due to visiting the Gulf state this week, the key focus will ensure a significant new investment for the American economy.

“President Trump wants an announcement (more money for the Gulf for the United States),” says the economist Karen Young, a senior guy at the Middle East Grade Institute.

“He wants to have a great poster in a meeting that describes where these investments could go. And some assessment of what will make the American economy in terms of job creation or his great pressure, of course, at home production.”

Trump should arrive in the Saudi capital, Riyadh, Tuesday, 13. May, to introduce himself to the de facto leader from the crown prince.

Then the Trump is expected to attend the Gulf leader’s summit in the city 14. May, before traveling in Qatar on the same day, then ending his three-day trip in the United Arab Emirates (UAE) 15. May.

The economic significance of the region to Trump was prominent by the fact that visiting Saudi Arabia was the first overseas journey of his second term in the White House. That was before the death of Pope Francist demanded Trump attended his funeral in Rome in late April.

Saudi Arabia was the first country that Trump visited during his first term, passing against modern practice of the US presidents to start with the British, Canada or Mexico.

Getty Images Uber carGetty Images

Saudi Saudi Public Investment Fund has 8.4% of Uber stakeholders

Ensuring new investments in the US from the bay, especially from their state-owned riches of federal funds, will help Trump back home that his “American first” agenda brings results.

The presidential visit is drawing the upper Wall Street and the leader from Silicon to the valley in Saudi Arabia. Saudi-American Investment Forum 13. Maja in Riyadh, Blackrock, Palantir, Citigroup, IBM, Qualcomm, Alphed and Franklin Templeton will be prepared.

The pressure comes in the middle of economic beliefs, because the new tariffs of the President Trump have significantly disrupted global trade, trust and the American economy itself. The American economic amount fell in the first three months of this year, the first drop in three years.

Back in January, Prince Mohammed said Saudi Arabia would invest $ 600 billion (£ 450 million) in the US in the coming years. However, Trump has already said that he like to rise to 1tn, including the purchase of more American military equipment.

According to Ali Shihabi – Saudi commentator and author, with close links to the Saudi Government – a number of economic agreements will be signed during the trip.

“These bids will integrate Saudi and American economies together, joint investments in the kingdom, in the United States, purchasing American weapons and goods,” Mr. Shihabi says.

The sovereign fund of the wealth of Saudi Arabia, the Public Investment Fund (PIF), which controls assets worth $ 925 billion, but has numerous investments in the United States. They include Uber, toy firm electronic art and electric automotive lucid.

Meanwhile, UAE has already dedicated to entering 1.4 TNN in the US in the next 10 years, in sectors, such as AI, semiconductor, energy and production. This announced the White House in March after the UAE National Insurance Advisor, Sheikh Tachnoon Bin Zayed Al Nahyan, introduced President Trump in Washington.

However, MS Young from the Institute for Middle East says that the scale of these investments in the short term is not realistic. Instead, it says that long-term strategic moves and that the figures should be taken “with a little salt grain”.

As for certain bids that could be announced during the Trump visit, it was broadly reported that Saudi Arabia will agree to buy more than $ 100 billion US weapons and other military items.

It is said to include missiles, radar systems and transport availes.

The United States is a long-term supplier of weapons in Saudi Arabia, but 2021. Then the Biden Administration ceased to sell offensive weapons of Riyadh, stating concerns in the role of the country in the neighboring Yemen.

Killing Saudist journalists for 2018. year is also widely reported to be a factor. American report said Prince Mohammed had approved by the murder.

The Bisena White House continued to sell those weapons last year. Although she stated that the Saudis was stopped by Yemen, some commentators said that USA would help us end a conflict in Gaza and help with its future renewal.

Getty Images Ad Construction site in Saudi CapitalGetty Images

Saudi Arabia invests in construction and infrastructure because he tries to move his economy away from the oil

Mr. Shihabi says Saudi Arabia will seek conviction from the White House that will now implement the “more efficient supply system”, allowing the state of the Gulf State to join ammunition and military equipment far faster and easier.

“Trump Administration initiates procedures for facilitating these contracts. So this process is expected to improve immediately,” he adds.

Artificial intelligence is another topic that will dominate the agenda during the visit of Mr. Trump. The talks are expected to center on attracting greater bay investment in American technological companies and strengthening the access to the region of top American semiconductors.

UAE and Saudi Arabia invested billions of dollars in technology and and sectors trying to diversify their economies away from oil.

Emirates, especially, want to be established as a global AI Hub.

Last week, Trump Administration has expelled the biden-era chip regulations that set up restrictions on exporting advanced American chips in more than 120 countries, including Gulf states.

The white house is expected to draw new rules that would potentially involve direct negotiations with countries like UAE.

“For UAE, this is absolutely necessary,” says MS Young. “They aggressively build their and capacity. Thus, for them accessing American technology imperative is to be the best.”

Although much attention will be on Trump’s investment for Gulf Capital for USA, Saudi Arabia is equally focused on drawing an American investment in its ambitious Vision 2030.

LED giant construction projects, such as a building of a linear city called Line, is the Vision 2030 is the central efforts to the Saudi government for the diversification of the Economics of the Earth far from oil.

It also includes spillage of resources in entertainment, tourism, mining and sports.

However, the direct foreign investment in Saudi Arabia fell for the third straight year 2024. year, reflecting lasting challenges in attracting overseas capital.

The decline in global oil prices from the beginning of the year was further strained by Riyadone finances, increasing pressure to or to increase the debt or reduce consumption to maintain their development goals.

Oil prices have collapsed on a four-year low in the middle of growing concern that the trade war could muffle global economic growth.

The decline was additionally subjected to petroleum production groups, OPEC +, announcing plans to increase production.

Saudi Arabia is part of that group, and some commentators said that the rise is part of the wishes Yes I beg your trump, who called for lower oil prices.

Other analysts said that the reason is more that OPEC + remains sure that the global economy is growing.

The Road Council of the Saudi Association is an organization that aims to increase trade connections between the two countries.

It is hoped that Trump visits will push American companies to explore more opportunities in Saudi Arabia, especially in sectors such as AI, health care and education.

“The Saudi government is hard to invest in these sectors. There is a very great appetite for Saudi companies to cooperate with American companies,” says Huthaim Al Jalal, leading the Riyadh’s Office for the organization, says BBC.

Saudi officials are said to be sure that some offers in these sectors will be secured during Trump visits.

For Saudi Arabia, Trump’s visit talks about strengthening relationships with their longest western allies – a relationship that stopped strained during Biden years. For President Trump, he talks about investing landing investments that can frame as a victory for his economic agenda.

“President Trump is looking for the title of great investment in America, and he will receive it from this journey,” Mr. Shihabi added.

Read more Global Business Stories

2025-05-11 23:44:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button