America

Saudi Arabia invests $600 billion in the US

Saudi Arabia invests $600 billion in the US

The Crown Prince of Saudi Arabia revealed that the investment could rise if more opportunities arise. This shows that the Kingdom is open to more investments and aims to diversify the money across many sectors. The investment “could increase further if additional opportunities arise,” said MBS. More than extending close ties with BRICS, Saudi Arabia is extending its arms to the US instead.

Trump seems happy with the deal considering it a trade and commerce victory for the US. “I did it with Saudi Arabia last time because they agreed to buy $450 billion worth of our product. I said I’ll do it but you have to buy American product, and they agreed to do that,” he said, referring to his 2017 visit to the Gulf kingdom. Considering all these factors, Saudi Arabia might not accept the BRICS invitation as it’s building close relations with the US.

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