Saudi Arabia Wins Over Trump With Trillion-Dollar Bid
Published Mar 07, 2025 at 12:03 PM EST
Updated Mar 07, 2025 at 6:49 PM EST
El-Fekki, Amira (Newsweek, Mar 07, 2025): "
Saudi Arabia Wins Over Trump With Trillion-Dollar Bid". Available (1404/01/14) online at:
https://www.newsweek.com/saudi-trump-trillion-dollars-investment-2041220
By Amira El-Fekki
Middle East Reporter
As countries worldwide scramble to understand how to work with President Donald Trump, Saudi Arabia has set an example with its $1.3 trillion investment plans.
Trump announced the Gulf kingdom's spending plans on Thursday and they include purchases of American military equipment. Trump said he plans to head to the world's top oil exporter on the first foreign tour of his second term.
Why it Matters
The Saudi investment, to be made over four years, is a sign of the deepening relationship between the two countries and of Saudi Arabia's importance not only as a pivotal regional player in the Middle East but globally.
The relationship is also personal given the ties between Saudi Crown Prince Mohamed bin Salman, known as MbS, and Trump, which developed during the U.S. president's first term.
"Crown Prince MBS is Trump's king of deal makers," Fawaz Gerges, professor of international relations at the London School of Economics and Political Science, told Newsweek. "There is no one else in the world...