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Donald Trump prices more golf investments in the USA

Sameer Hashmi

Business reporter

Getty Images Donald Trump and Crown Prince Mohammed Bin Salman shake hands at the 2019 meeting.Getty pictures

President Trump, who was shown here in 2019, is to meet the Saudi Crown Prince Mohammed bin Salman on Tuesday

With the US President Donald Trump due to a visit this week, a central focus on the US economy will be a major focus on the lead.

“President Trump wants the announcement [of more Gulf money for the US]”, says economist Karen Young, Senior Fellow at the Middle East Institute Think Tank.

“He wants to have a large poster in a meeting that describes where these investments could go. And an estimate of what they will do with the American economy in terms of the creation of jobs or its great advance in domestic production.”

Trump is to arrive in the Saudi capital Riyadh on Tuesday, May 13th to meet the DE -Facto leader of the country, the Crown Prince Mohammed Bin Salman.

It is then expected that Trump will take part in the city in the city on May 14, before he travels to Qatar on the same day and ended his three -day trip to the United Arab Emirates (VAE) on May 15.

The economic importance of the region for Trump is emphasized by the fact that a visit to Saudi Arabia should be the first trip abroad of his second term in the White House. This was necessary before the death of Pope Francis when Trump visited his funeral in Rome towards the end of April.

Saudi -Arabia was also the first country to visit Trump during his first term and went against the modern practice of the US presidents to start Great Britain, Canada or Mexico.

Getty pictures a carGetty pictures

The Saudi public investment fund has a share of 8.4% in Uber

Trump will help you to secure new investments in the United States from Gulf States and in particular from their state -supported sovereign asset funds to signal its “America First” agenda at home.

The presidential visit draws the leaders of Wall Street and Silicon Valley to Saudi Arabia. In a Saudi-US investment forum on May 13th in Riad, CEOs from Blackrock, Palantir, Citigroup, IBM, Qualcomm, Alphabet and Franklin Templeton will take part.

The pressure takes place in the middle of the economic headwind, since President Trump's new import duties have significantly disturbed global trade, trust and US economy itself. The US economic performance fell in the first three months of this year, the first decline in three years.

Prince Mohammed said in January that Saudi Arabia would invest in the USA in the next few years (450 billion GBP). However, Trump has already said that he wants him to increase to $ 1, including the purchases of more US military equipment.

According to Ali Shihabi – a Saudi commentator and author, with close relationships with the Saudi government – a number of business agreements are signed during the trip.

“These business will integrate the Saudi and US economies, joint ventures in the Kingdom, in the United States, the procurements of American weapons and were further integrated,” says Shihabi.

The sovereign WEALTH Fund in Saudi Arabia, the Public Investment Fund (PIF), which controls assets worth $ 925 billion, already has numerous investments in the United States. This includes Uber, Gaming company Electronic Arts and Electric Car company Lucid.

In the meantime, the United Arab Emirates has already committed themselves to investing 1.4 participants in sectors such as AI, semiconductors, energy and production in the USA over the next 10 years. This was announced by the White House in March after the United Arab Emirates' national security advisor, Sheikh Tahnoon bin Zayed Al Nahyan, President Trump in Washington.

But Ms. Young from the Middle East Institute says that the extent of these investments is not realistic at short notice. Instead, she says that it is long -term strategic movements and that the numbers should be taken “with a little grain of salt”.

With regard to certain shops that could be announced during Trump's visit, it is generally reported that Saudi Arabia will buy more than 100 billion US weapons and other military objects.

These are intended to include rockets, radar systems and transport aircraft.

The United States was a long -time arms supplier of Saudi Arabia, but in 2021 the then Biden administration Riad -Offensive weapons stopped selling concerns about the role of the country in the war in neighboring Yemen.

The murder of Saudi journalist Jamal Khashoggi from 2018 was also reported as a factor. In a US report it says that Prince Mohammed had allowed the murder.

The Biden White House resumed the sale of these weapons last year. While quoted that the Saudis had stopped bombing Yemen, some commentators said that the United States was looking for Saudi help to end the conflict in Gaza and support their future reconstruction.

Getty pictures a huge construction site in the Saudi capitalGetty pictures

Saudi Arabia is investing in construction and infrastructure while trying to get its economy away from the oil

According to Shihabi, Saudi Arabia from the White House will assure that the United States will implement a “more efficient procurement system”, so that the golf state is much faster and easier to access on ammunition and military devices.

“The Trump government introduces procedures to facilitate these business. So it is expected that this process will improve immediately,” he adds.

Artificial intelligence is the other topic that will dominate the agenda during the visit of Mr. Trump. The discussions are expected to focus on gaining larger golf investments in US technology companies and strengthening access to the region into the most modern American semiconductors.

The United Arab Emirates and Saudi Arabia have invested billions of dollars in the technology and AI sector to try to diversify their economies from oil.

The Emiratis in particular want to establish themselves as a global AI hub.

Last week the Trump administration scraped the chip regulations from the bidges era, which limit exports of advanced US chips to more than 120 countries, including the Gulf States.

The White House is expected to create new rules that may include direct negotiations with countries such as the United Arab Emirates.

“This is absolutely essential for the VAE,” says Ms. Young. “You aggressively build your AI capacity. So it is essential that you have access to US technology to be the best.”

While there is a lot of attention to Trumps, which surrounds golf capital for the United States, Saudi Arabia concentrates equally to draw American investments in its ambitious Vision 2030 program.

Under the direction of huge construction projects such as the establishment of a linear city called Line, Vision 2030 is of central importance for the continuing efforts of the Saudi government to lose the country's economy from oil.

It also includes pouring resources in entertainment, tourism, mining and sport.

Foreign direct investments in Saudi Arabia declined in 2024 in a row in 2024, which reflected the continuing challenges in the attraction of the over -capital.

The decline in global oil prices since the beginning of the year has continued to tense the finances of Riad and increased the pressure to either increase the debts or reduce expenses in order to maintain its development goals.

Oil prices fell to a four -year low because growing concerns that a trade war could dampen global economic growth.

The decline was further fueled by the group of oil production nations, Opec+, and announced plans to increase production.

Saudi Arabia is part of this group, and some commentators said that the increase was partly the desire to please Trump, who demanded lower oil prices.

Other analysts said that the reason was more that Opec+ is still confident that the global economy is growing.

The US Saudi business council is an organization that is intended to increase trade relationships between the two countries.

It is hoped that Trump's visit will arrange American companies to explore more opportunities in Saudi Arabia, especially in sectors such as AI, healthcare and education.

“The Saudi government is strongly looking for in these sectors. There is a very large appetite for Saudi companies to work with American companies,” says Huthaim Al Jalal, head of the Riyadh office for the organization, says the BBC.

Saudi officials should be confident that some shops in these sectors will be secured during Trump's visit.

For Saudi Arabia, Trump's visit is concerned with strengthening the relationship with her longest -standing western ally -a relationship that was tense during the bidges. For President Trump, it is about landing investment transactions that can be framed as a victory for his economic agenda.

“President Trump is looking for a headline of great investments in America and will get that from this trip,” added Shihabi.

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