For President Donald Trump the investments in the US have to be prioritized, however, if the Russian President Vladimir Putin personally comes to Turkey for the final negotiations with Ukraine, he might decide to be in Turkey for ending the fratricide.
After ensuring truce between India and Pakistan at least for a while, the US President Donald Trump was expected to be in Turkey this week for finalizing the mechanism of disengagement between Russia and Ukraine, but he dropped the visit following the reports that the Russian President Vladimir Putin would not be joining the high-profile negotiations. Instead, he would be represented by senior diplomats. Trump promptly dropped the idea of joining the peace talks. Instead he focused on huge investments from the Gulf region.
Before arriving in Qatar, Trump had already signed huge investment deals with Saudi Arabia. The total package has quickly built to more than 600 billion USD–the largest set of commercial agreements on record between the two countries, according to a White House release. The release also stated that the deals celebrated were historic and transformative for both countries and represent a new golden era of partnership between them.
The Saudi Investments
The wide-spectrum agreements included Saudi Arabian’s DataVolt to invest $20 billion in AI data centres and energy infrastructure in the United States. Google, DataVolt, Oracle, Salesforce, AMD, and Uber were be committing to invest $80 billion in cutting-edge transformative technologies in both countries.
Another milestone will be the iconic American companies including Hill International, Jacobs, Parsons, and AECOM would be participating in building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totalling two billion USD in U.S. services exports. The additional major exports include GE Vernova’s gas turbines and energy solutions totalling 14.2 USD billion and Boeing 737-8 passenger aircraft for AviLease totalling 4.8 USD billion.In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
The Saudi investments also include several sector-specific funds with a strong emphasis on U.S. deployment—such as the five billion USD Energy Investment Fund, the five billion USD New Era Aerospace and Défense Technology Fund, and the four billion USD Enfield Sports Global Sports Fund.
The US and Saudi Arabia signed the largest Défense sales agreement in history—nearly 142 billion USD, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. Défense firms.
Trillion Dollar Deal with Qatar
After his tour of Saudi Arabia, Trump visited Qatar, where he signed agreements with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani that would generate an economic exchange worth 1.2. trillion USD. Under the agreements the US would be supplying aircrafts and air defence systems. They include a 96 billion USD deal with Qatar Airways to buy up to 210 Boeing 787 Dreamliner and 777X aeroplanes, and a statement of intent for 38 billion USD in investments at Qatar’s Al Udeid Airbase and other air defence capabilities.
Sanctioned Lifted
The Syrian President Ahmed al-Sharaa has welcomed US President Donald Trump’s “courageous” lifting of sanctions on his country. He further stated that Trump’s decision to drop sanctions against Syria “was a historic and courageous decision, which alleviates the suffering of the people, contributes to their rebirth and lays the foundations for stability in the region”. Earlier, Trump met al-Sharaa in the Saudi capital Riyadh, thus, becoming the first US president to meet a Syrian leader in a quarter of a century.
His decision to allow UAE to import five lakh Nvidia’s chips for developing artificial intelligence. In recent years, Nvidia, a public-traded semi-conductor company, which is headquartered in Santa Clara, California. Its chips are considered most advanced AI chips in the world.
It was established in 1993 by a group of IT experts including Jensen Huang, Chris Malachowsky and Curtis Priem. Trump’s decision to allow UAE to import chips has caused widespread criticism. Many believe, it would be threatening American security in future.
Gopal Misra has been associated with national and international media. His books on journalism and geo-politics have been well-appreciated. Views are personal.
