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Saudi Crown Prince announces nearly $1 trillion investment into US
Saudi Crown Prince Mohammed bin Salman announced plans to increase U.S. investments from $600 billion to nearly $1 trillion focusing on technology, AI, and computing power.
- On Tuesday, Saudi Crown Prince Mohammed bin Salman told President Donald J. Trump the kingdom will raise investments to near $1 trillion, with Trump saying `he might make it a trillion`.
- Against the backdrop of Khashoggi's death, Mohammed bin Salman, Saudi Crown Prince, made his first U.S. visit in seven years, with U.S. intelligence concluding he ordered the killing, which he denies.
- The prince said Saudi investments in technology and computing target U.S. chips due to 'huge demand', but specific investment breakdowns and project details were not released.
- The visit included a White House formal dinner as Trump praised bin Salman, saying `We have an extremely respected man in the Oval Office today and a friend of mine for a long time, a very good friend of mine` during regional security pact discussions.
- Economists cautioned that the totals are 'highly unrealistic' amid Saudi fiscal constraints, while bin Salman said the kingdom is not `creating fake opportunities to please America or please Trump` and he `believes in the future of America`.
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(Washington = Yonhap News) Correspondent Lee Yu-mi = Saudi Arabia announced on the 18th (local time) that it would increase its investment in the United States from the previously announced $600 billion (approximately 876 trillion won) to $1 trillion...
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Coverage Details
Total News Sources20
Leaning Left2Leaning Right7Center5Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
14%
C 36%
R 50%
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