The Chief Investment Officer of the Saudi Arabia Holding Co. Ali Raza says Trump’s Saudi visit will center on trade ties and deepening economic cooperation between the two nations.
#SaudiArabia #Trump
#SaudiArabia #Trump
Category
🗞
NewsTranscript
00:00Okay, so that's the impact of the Tariq. So I want to talk a little bit more about President Trump's possible visit to the Kingdom of Saudi Arabia, his first destination of his first term in office, of course, and it looks like it's going to be the first foreign trip of President Trump's second term in office. Do we know anything more about that, Ali?
00:17Well, so far, we can infer what the purpose of the trip will be. We have some record of his previous trip in his first term. And I think if the latest affairs are any indication, it's clear that trade flows and trade relationships are top of the agenda. And they're top of the agenda for both sides, perhaps.
00:40Now, I won't infer all of the topics of discussion, but what we have seen earlier this year is His Excellency Minister Al-Ibrahim, speaking at Davos, mentioned that Saudi Arabia is looking to expand trade to $600 billion with the U.S.
00:59And this is between the public, private sectors, procurement, and investment flows. So once again, if that's any indication, it's compounding or compiling the latest affairs with the whole tariff mess and the discussions surrounding that, taking into account the indications from the Saudi leadership on the appetite for investment expansion.
01:27I would predict that this is going to be a major focus of his first trip.