United States President Donald Trump announced on Tuesday a round of Saudi Arabia investments in US territory that could reach $ 600 billion.
Trump and Saudi prince Mohammed Bin Salman celebrated the agreements in a seminar that brought together the largest business leaders in the United States. Among them, Blackrock’s Larry Fink; and Elon Musk from Tesla.
The investments departed from the Saudi sovereign background, controlled by the royal family. And they are part of an attempt by the country to abandon oil dependence.
Authorities signed – at the meeting itself – agreements that total $ 300 billion. Half of the total amount announced.
One of the investments that most caught the eye was the contribution in Nvidia, the company that leads race for the production of microprocessors for artificial intelligence.
Saudi Arabia also announced the purchase of $ 140 billion in US military equipment. According to the White House, this is the largest military cooperation agreement in history.
Trump also made an unexpected announcement during the meeting. The US president said the United States will remove economic sanctions against Syria, which have lasted more than 20 years.
The movement, however, was already invited since the fall of the Bashar al-Assad regime by the end of 2024.
According to Trump, the decision came from a request from Mohammed Bin Salman.
On Wednesday (14), Trump embarks for Qatar, in the second part of the trip to the Gulf countries. Then you will also visit the United Arab Emirates.
The agenda in the Middle East does not have a visit to Israel, which bothered the main ally of the White House in the region.
On Monday (12), the United States announced the release of the last American hostage that was in the Gaza Strip. The release came from direct negotiation with Hamas.
It also contributed to the discomfort between US diplomats and Iranian negotiators, gathered in OMAN, to discuss the Tehran nuclear program.
The relationship between Trump and Gulf countries goes beyond institutional diplomacy.
Since the Republican returned to the presidency, companies linked to the Trump family have tripled commercial ties with the region’s dictatorships, according to a CNN International survey.
Among the investments are; Golf fields, real estate operations and cryptocurrencies.
This content was originally published in Trump announces agreements with Saudi Arabia and ignores Israel on a trip to the Gulf on CNN Brazil.
Source: CNN Brasil
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