Published: Wed, March 21, 2018
World | By Camille Rivera

Saudi Arabia eyeing $400bn United States investments, says crown prince

Saudi Arabia eyeing $400bn United States investments, says crown prince

The Senate voted 55-44 Tuesday to table a resolution to stop US military spending that supports Saudi Arabia's combing campaign in Yemen, making the timing for Crown Prince Mohamed bin Salman's visit impeccable.

Prince Mohammed added that the Saudi pledge for $200 billion in investments would rise to $400 billion when fully implemented, and that a 10-year window to implement the deal was already in place.

"Saudi Arabia is a very wealthy nation, and they're going to give the United States some of that wealth, hopefully in the form of jobs, in the form of the purchase of the finest military equipment anywhere in the world", Trump said.

USA lawmakers vote later Tuesday on whether to end American involvement in Yemen's bloody civil war, an extraordinary effort to overrule presidential military authorization just as Saudi Arabia's crown prince visits Washington.

Senior US officials say Trump wants to settle the dispute, although Saudi Foreign Minister Adel al-Jubeir has called the issue a "very small matter".

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In a press conference at the Saudi Embassy in Washington on Monday, Jubeir said the Crown Prince would visit seven cities, including Washington, New York, Boston, Houston, Los Angeles, San Francisco, and possibly Seattle.

Iran's influence in the Middle East is one topic that was discussed.

Countries can work with the United States to address a common security challenges in a way that can be much more efficient but also more effective, and hopefully bringing these conflicts to a resolution, the official said.

The two have fostered a close relationship for months, White House officials tell CNN, but, to date, it is Prince bin Salman - known more informally as MBS - who has taken his charge and looked to remake the country he will likely someday lead. The two leaders view Iran as a threat to the Middle East region, making Saudi-U.S. relations a priority for the administration.

Though MBS is not the monarch of the Muslim nation - that title falls to his 82-year-old father King Salman - his visit on Tuesday will be identical to past meetings between Trump and key world leaders.

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The Saudi energy ministry told Reuters that Saudi Arabia and the other countries part of the production cut deal renewed through 2018 "remain committed to pursuing the common objective of restoring inventories back to their normal levels".

And this is where strategists say the crown prince and the USA president can aim for complete alignment. In June, it will be legal for women to drive in Saudi Arabia.

This week, the US, Saudi Arabia and the United Arab Emirates are launching a trilateral dialogue at the national security advisor level, which will engage monthly on issues of strategic importance, like maligning Iranian activities in the region and implementation of the US South Asia strategy.

"The relationship is probably the strongest it's ever been". Stock exchanges in NY and elsewhere are vying for the global listing of Aramco, the Saudi oil behemoth expected to go public soon.

"But Iran has not been treating that part of the world or the world itself appropriately". Saudi concerns with NY include a post-9/11 law that could jeopardize assets in the United States if victims' families claim Saudi Arabia helped the al-Qaida attackers and sue for compensation.

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"Tell that to the people of Yemen, whose homes and lives are being destroyed by weapons marked 'Made in the United States of America, ' dropped by planes being refuelled by the U.S. military, on targets chosen with US assistance", Sanders said Tuesday.

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