Tags: Donald Trump | Middle East | Trump Administration | Saudi Arabia | infrastructure | investments | US relations

Report: Saudis May Bolster Ties With $40B for US Infrastructure

Image: Report: Saudis May Bolster Ties With $40B for US Infrastructure
President Donald Trump (AP Photo/Manuel Balce Ceneta)

By    |   Thursday, 11 May 2017 05:53 PM

Saudi Arabia is planning unprecedented investments in the United States – with up to $40 billion to be poured into U.S. infrastructure, Bloomberg reported.

President Donald Trump is scheduled to visit the kingdom May 19, when the investment from its sovereign wealth fund might be unveiled, the news outlet reported.

An unnamed White House official said plans were in the works – and Trump's son-in-law and senior adviser, Jared Kushner, had played a critical role in the discussions, Bloomberg reported.

According to Bloomberg, Trump offered his support in March for developing a U.S.-Saudi program in in energy, industry, infrastructure, and technology that could be valued at more than $200 billion in direct and indirect investments within the next four years.

The president has said he intends to push for $1 trillion in infrastructure investments over the next decade.

Trump's first foreign trip will include not only Saudi Arabia, but Israel and the Vatican as well to rally allies against shared security threats in the Middle East.

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Saudi Arabia is planning unprecedented investments in the United States – with up to $40 billion to be poured into U.S. infrastructure, Bloomberg reported.
Saudi Arabia, infrastructure, investments, US relations
166
2017-53-11
Thursday, 11 May 2017 05:53 PM
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