President Trump arrived on Tuesday morning in Saudi Arabia, his first stop on a four-day tour through the Golf, the first major foreign trip of his second term.
Mr. Trump is aimed at signing business deals With the three countries, those trillions of dollars in assets all over the world. He has told advisers that he wants to sign agreements worth more than $ 1 trillion. Deals are expected to include investments in artificial intelligence companies and energy production, as well as weapons switches of millions of dollars from US weapon manufacturers.
Crown Prince Mohammed bin Salman of Saudi Aarabia, the de facto ruler of the Kingdom, is expected to spend a large part of Tuesday with the president, culminating in dinner. The Saudi royals are expected to dust their playbook 2017 for chasing Mr. Trump. During that travel first as president-der a multistory image of the face of Mr. Trump projected on the facade of the Ritz-Carlton Hotel in Riyadh.
The president is planned to speak on Tuesday afternoon at an investment forum organized by the Saudi government. The Crypto Tsar of the White House, David Sacks and other American managers – including the Chief Executives of IBM, BlackRock, Citigroup, Palantir and Qualcomm, a semiconductor company – are expected to be present.
Prince Mohammed has already promised to invest $ 600 billion in the United States for the next four years, a number that economists say it is very unlikely that Saudi -Arabia is struggling with a cash crisis. The Emiratis have promised $ 1.4 trillion in American investments for 10 years.
Mr. Trump plans to travel to Qatar on Wednesday and on Thursday to the Emirates, where he is expected to receive a similar lush hospitality.
His journey to the three golf countries was taken into account intensively because it follows neatly with the financial interests of his family. The Trump family has six awaiting a maximum SAUDI property real estate company, a cryptocurrency deal with a affiliated company of the United Arab Emirates government, and a new golf and luxury Villa project supported by the government of Qatar.
The Trump government is also ready to accept a luxury Boeing 747-8 As a donation from the Royal family Qatari. Mr. Trump has asked that the jet is being upgraded to serve as an air force while waiting for Boeing can deliver long -awaited presidential aircraft.
The Qatari Jet can ultimately become the largest foreign gift that the US government has ever received. The discussioning plan evokes substantial ethical issues, especially since Mr Trump could use the $ 400 million jet after leaving the office. He said that he intends to receive it as a donation to his presidential library.
On Monday put under pressure by reporters about the scheme, Mr Trump insisted that he would not use the plane after his presidency and suggested that it would retire as an exhibition in his library.
Maggie Haberman contributed reporting.
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