The Crown Prince of Saudi Arabia, Mohammed bin Salman, and U.S. President Donald Trump are scheduled to meet on Tuesday. The leaders are anticipated to talk about strengthening defense, commerce, and technological connections as well as collaboration in the areas of artificial intelligence, security, and nuclear energy.
The trip comes after Trump’s May visit to Saudi Arabia, where the country promised the United States $600 billion in trade and investment. Trump is expected to try to solidify such promises this week, according to analysts. The United States wants Saudi Arabia to invest more in American businesses and buy more of its products and services, while Saudi Arabia wants broader access to U.S.
Saudi Arabia wants a two-way highway with Washington when it comes to investments; therefore, the U.S.-Saudi Investment Forum on November 19 will be an opportunity to finalize more business transactions between the two nations, according to Callen.
Saudi investments and purchases of American goods are certain to rise. However, given the improved investment climate in the kingdom and the “opportunities provided by Vision 2030, and availability of reliable low-cost energy and abundant land to support the expansion of AI and related activities of U.S. tech companies,” Callen speculated that U.S. investments in Saudi Arabia might see the strongest growth in the upcoming years.
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