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Thursday, 16 March 2017

Trump backs plan to boost Saudi investment in the US

Trump backs plan to boost Saudi investment in the US:

"Donald Trump has backed a plan to boost Saudi Arabian investment in the US, with the White House on Wednesday touting an initiative it said could potentially provide more than $200bn for infrastructure and other sectors.

The announcement of a “US-Saudi programme” comes after the US president on Tuesday hosted a private lunch for Mohammed bin Salman, Saudi Arabia’s deputy crown prince — a meeting Riyadh hailed as a “historical turning point” in its relations with Washington.

The White House said Mr Trump had expressed support for the new programme that would see “unique initiatives in energy, industry, infrastructure and technology worth potentially more than $200bn in direct and indirect investments within the next four years.”"



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