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Saudi crown prince says kingdom intends to invest billions in US during call with Trump

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President Donald Trump meets with then deputy crown Prince Mohammed bin Salman in the White house on Tuesday, Sept. 26, 2017 Evan Vucci/Copyright 2017 The AP. All rights reserved.

Saudi Arabia’s crown prince said on Thursday that the kingdom wants to invest $600 billion (€576 billion) in the United States over the next four years after a phone call with US President Donald Trump.

Crown Prince Mohammed bin Salman’s comments come after Trump mused about returning to Saudi Arabia as his first foreign trip back in office.

State-run Saudi Press Agency said, “the crown prince affirmed the kingdom’s intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion (€576 bn), and potentially beyond that.”

The agency did not elaborate on exactly how the money would be spent.

During their conversation, the two also reportedly discussed ways the two countries could cooperate to establish peace, security and stability in the Middle East.

There was no immediate response from the White House regarding the call. It also wasn’t clear whether Trump’s call with the crown prince was his first with a foreign leader since returning to the Oval Office.

However, it was his first reported abroad.

Trump’s relationship with Saudi Arabia

After his inauguration, Trump talked about the possibility of heading to the kingdom again as his first foreign trip, like he did in 2017.

“The first foreign trip typically has been with the UK but… I did it with Saudi Arabia last time because they agreed to buy $450 billion (€429 bn) worth of our products,” Trump told journalists in the Oval Office.

“I think I’d probably go (again),” the recently inaugurated leader said.

In recent years, the US has increasingly pulled away from relying on Saudi oil exports — once the bedrock the relationship between the two nations.

Trump maintained close relations with Saudi Arabia, even after the crown prince was embroiled in controversy after he was implicated in the 2018 murder of Washington Post columnist Jamal Khashoggi in Istanbul.

The billion dollar pledge, which dwarves the gross domestic product of many nations, comes as the kingdom faces budgetary pressures of its own. Global oil prices remain depressed years after the height of the coronavirus pandemic, affecting the kingdom’s revenues.

Meanwhile, the crown prince has continued to invest in NEOM, a new city in the Saudi Arabian desert. The country also needs to build tens of billions of dollar’s worth of new stadiums and infrastructure ahead of the 2034 FIFA World Cup, which it is hosting.

Politics

“ADC is a Holy Party, Cannot be used to Scam Nigerians Again” – Hon Success Opara tells David Mark

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ADC Party in Turmoil: Hon Success Opara Slams Leadership, Warns Against Scamming Nigerians

Abuja, Nigeria – The African Democratic Congress (ADC) is facing internal strife as Hon Success Opara, a prominent party official, has warned against attempts to use the party to deceive Nigerians. Opara specifically criticized the leadership of David Mark, stating that the party cannot be used to scam citizens again.

“ADC holy Party cannot be used to scam Nigerians again,” Opara said, emphasizing that those forming coalitions are hindering the party’s growth and denying youths opportunities to thrive.

“Those who are forming coalition don’t want to give the youths the chance to strive in the party,” she added.

Opara’s statement highlights the deepening divisions within the ADC, with concerns over leadership and the party’s direction.

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2027: Bala declares aspirants over 55 years disqualified in ADC

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The factional National Chairman of the African Democratic Congress (ADC), Nafiu Bala Gombe, has announced that the party under his leadership will bar individuals above the age of 55 from contesting for political positions.

Gombe made the disclosure during an interview with BBC Hausa, where he outlined a vision centred on generational change and greater youth participation in politics.

“The African Democratic Congress (ADC) is a party that belongs to all Nigerians. What we are doing now is to ensure the party moves forward properly.

“We have decided that we will give the youths a real chance. The time has come for young people to take the lead in politics.

“If you are over 55 years old, you are not going to contest for positions in the ADC under our leadership.

“We want to bring in fresh blood, new ideas, and energy from the youth. Nigeria’s future depends on the young generation.

“The old ways have not worked well for the country. We need to open the door wide for youths to participate fully as candidates, leaders, and decision-makers,” he said.

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“Jail David Mark” as ADC’s Internal Crisis Deepens: Hon Success Opara Threatens Action Against David Mark

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Abuja, Nigeria – Tensions within the African Democratic Congress (ADC) reached a boiling point as Hon Success Opara, a high-ranking party official, warned that she would not hesitate to send former Senate President David Mark to jail if she were the judge handling the party’s internal litigation cases.

Opara’s statement comes in response to allegations that Mark and the party’s National Executive Committee (NEC) failed to adhere to the ADC’s constitution.

“I’ll jail David Mark if I’m the Judge handling the ADC party internal litigation cases, citing how David Mark and the NEC were not able to adhere to what is written  in the constitution of the ADC,” Opara said.

The internal strife has led to a flurry of court cases, with various factions vying for control of the party. Opara’s remarks underscore the deepening divisions within the ADC and raise questions about the party’s future.

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