Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events.
A dispatch from the fifty-forth annual World Economic Forum in Davos, Switzerland, where the focus this year is on the presence of emerging economies—from Brazil to Indonesia—while the political and
Saudi Arabia "needs to punch at (its) weight" on the global stage given its growing institutional presence and the return of Donald Trump, the kingdom's finance minister told AFP in Davos.
Saudi Economy Minister Faisal Alibrahim said on Friday that the $600 billion of expanded investment and trade with the United States mentioned by Saudi Crown Prince Mohammed bin Salman includes investments as well as procurement from the public and private sectors.
President Donald Trump touted a new $600 billion investment from Saudi Arabia during a speech to world leaders in Davos.
The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.
Saudi Arabia's Economy Minister announced a $600 billion investment and trade partnership with the United States. The plan, revealed by the Crown Prince, includes both public and private sector contributions.
Saudi's Crown Prince pledged to boost investments and trade with the US to $600 billion, but Donald Trump set a target of $1 trillion during his address at the World Economic Forum.
Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.
One day after he spoke to Saudi Crown Prince Mohammed bin Salman, President Donald Trump pushed the kingdom Thursday to increase its U.S. investment, saying he would ask the Saudis to “round out” their promised $600 billion “to around $1 trillion.
As Washington steels itself for a battle with China over critical minerals and Brussels struggles to beat back a flood of Chinese electric vehicles, Saudi Arabia has offered to help Beijing ride out its growing trade disputes.
The comments from Crown Prince Mohammed bin Salman came after President Donald Trump mused about returning to the kingdom as his first foreign trip.