Washington (Web Desk): US President Donald Trump on Thursday stated that he is likely to travel to Saudi Arabia in the near future to finalize a major investment agreement.
Speaking to reporters at the Oval Office, he said that Saudi Arabia is prepared to invest up to $1 trillion in the US economy over the next four years, including significant purchases of American military equipment.
"They've agreed to do that, so I'm going to be going there, and I have a great relationship with them, and they've been very nice," President Trump said.
He also noted that this potential deal comes after a similar agreement made during his first term in 2017 when the Saudis had promised an investment estimated at $350 billion.
Reflecting on the evolution of the relationship, Trump added, "This time, they've gotten richer, we've all gotten older."
The US president emphasized the growing importance of this investment, with Saudi Arabia now committing to a significantly larger amount than before.
Trump has long maintained a strong rapport with the Saudi leadership, and this upcoming trip would build on that longstanding connection.
Additionally, Trump's influence in Middle Eastern politics continues as the Saudis are set to play a crucial role in US foreign policy.
The country will soon host a meeting between US and Ukrainian representatives to discuss a potential ceasefire in the ongoing Ukraine conflict.
Furthermore, Trump’s involvement in resolving business disputes in the sports industry was highlighted when he helped broker a deal between the PGA Tour and the Saudi-backed LIV Golf.
His son-in-law, Jared Kushner, also gained attention for his business dealings in the region.
After leaving office as president’s Middle East adviser during Trump’s previous tenure, Kushner launched a private equity firm that secured a notable $2 billion investment from Saudi Arabia.
Trump has been instrumental in attracting foreign investments, with recent announcements from companies like Taiwan Semiconductor Manufacturing and Apple contributing heavily to the US economy.
