PNN – The New York Times revealed that US President Donald Trump is carrying a “one trillion dollar” Saudi investment proposal in the United States during his visit to Saudi Arabia.
According to the report of Pakistan News Network, the American newspaper The New York Times revealed that US President Donald Trump is preparing for his trip to Saudi Arabia tomorrow, and according to the newspaper, he is carrying a wish list of his Saudi investments in the United States worth $1 trillion, equivalent to Saudi Arabia’s gross domestic product.
Read more:
Reuters: Trump seeks to attract $1 trillion in Saudi investment
On the other hand, reports indicate that Saudi Crown Prince Mohammed bin Salman is seeking investments of up to $600 billion, although economic experts consider both amounts unrealistic.
It is worth noting that Saudi Arabia is likely to face a budget deficit of more than $70 billion this year due to falling oil prices and megaproject costs, which is pushing the country towards borrowing rather than expanding foreign investment.
Economic experts emphasize that Saudi investments in the United States may increase during the Trump era, but will not reach $1 trillion.