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Trump Asks Bin Salman to Share Wealth through Investments

Trump Asks Bin Salman to Share Wealth through Investments
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US President Donald Trump and Saudi Crown Prince Mohammed bin Salman [MBS] discussed military deals, investment in the US, and security cooperation, during the prince's first visit to the White House.

Trump Asks Bin Salman to Share Wealth through Investments

Referring to the political shake-up that Saudi Arabia witnessed in recent months, Trump on Tuesday praised the 32-year-old crown prince's new role.

"[...] the relationship, now, is probably as good as it's really ever been, and I think will probably only get better. Tremendous investments made in our country. And that means jobs for our workers, jobs for our people," Trump said in a press briefing after the meeting. 

Trump held up charts to show the depth of Saudi purchases of US military hardware, ranging from ships to missiles to planes and fighting vehicles.

"Saudi Arabia is a very wealthy nation, and they're going to give the United States some of that wealth, hopefully in the form of jobs, in the form of the purchase of the finest military equipment anywhere in the world," he said.

For his part, MBS, who is 39 years younger than Trump, pointed to the history of the alliance between the two countries.

"We are the oldest ally of America from the Middle East," he said, "with more than 80 years of alliance and big interests - politically, economically, security. The foundation of the relation[ship] is really huge and deep."

Last year, Trump and MBS agreed on a plan for $200bn worth of Saudi investments with the US, including large purchases of US military equipment.

However, in Tuesday's meeting, Bin Salman said the plan exceeded expectations, doubling the number of investments between Saudi Arabia and the US. 

"And, as you know, Mr. President, from day one you've reached this office, we've planned to tackle $200bn for opportunities in the next four years, but it end up with $400bn for opportunities," MBS added. 

Source: News Agencies, Edited by website team

 

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