(23 Jan 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Dubai, United Arab Emirates – 23 January 2025
++STARTS ON SOUNDBITE++
1. SOUNDBITE (English) Jon Gambrell, AP’s Gulf and Iran news director:
"Saudi Crown Prince Mohammed bin Salman has offered a $600 billion investment in the United States. Now, this is coming in part because of the election of President Donald Trump and him entering office earlier this week. On his first day, he was talking to journalists in the Oval Office and mentioned that Saudi Arabia had given the U.S. through trade deals some $450 billion. Now, Trump said that was the reason why he went on his first foreign trip during his first term to Saudi Arabia back in 2017. And he said that if anyone offered $450 billion or $500 billion, that Trump would consider making that country his first trip this term. Now, we don’t know exactly why the crown prince offered the $600 billion, but it does come after that. And Saudi Arabia is eager to have a closer relationship again with Donald Trump."
ASSOCIATED PRESS
ARCHIVE: Washington, DC – 20 March 2018
2. Various of US President Donald Trump with Saudi Crown Prince Mohammed bin Salman at the White House
US POOL
ARCHIVE: Riyadh, Saudi Arabia – 20 May 2017
3. Various of Trump with Saudi officials including Saudi King Salman Bin Abdulaziz and others
ASSOCIATED PRESS
Dubai, United Arab Emirates – 23 January 2025
++STARTS ON SOUNDBITE++
4. SOUNDBITE (English) Jon Gambrell, AP’s Gulf and Iran news director:
"Now, how this investment may play out remains unclear. But Saudi Arabia over the last decade or so has really invested more and more into American companies through its sovereign wealth fund. It’s also seen one pillar of its U.S. relationship shaken as the U.S. Drills more oil and gas, it’s not relying that much anymore on Saudi crude oil. So any sort of investment by the kingdom into America, possibly through buying new weaponry, new defense kit, could be a way in order to cement that relationship with Trump, who remains eager for any business deals he can point out to the American people as he starts his new term."
AGENCY POOL
ARCHIVE: Bangkok, Thailand – 18 November 2022
5. Various of bin Salman during visit to Thailand
STORYLINE:
Saudi Arabia’s crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump earlier put a price tag on returning to the kingdom as his first foreign trip.
Trump’s 2017 trip to Saudi Arabia upended a tradition of U.S. presidents first heading to the United Kingdom as their first trip abroad.
It also underscored his administration’s close ties to the rulers of the oil-rich Gulf states as his eponymous real estate company has pursued deals across the region as well.
The comments from Crown Prince Mohammed bin Salman, reported early Thursday by the state-run Saudi Press Agency, came in a phone call with Trump.
“The crown prince affirmed the kingdom’s intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that,” the report said.
The readout did not elaborate on where those investments and trade could be placed.
The U.S. in recent years has increasingly pulled away from relying on Saudi oil exports, which once was the bedrock of their relationship for decades.
Saudi sovereign wealth funds have taken large stakes in American businesses while also looking at sports as well.
The AP’s Jon Gambrell explains what could be behind the offer.
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