Having gone all-in on a Hillary Clinton victory ahead of the elections, Saudi Arabia has quickly pivoted in its "appreciation" of the Trump administration, and having realized that the fastest way to Trump's heart is through the US Treasury's bank account, it is preparing to invest an "unprecedented" amount of money in the US. According to Bloomberg, the Kingdom’s sovereign wealth fund will announce plans to "deploy as much as $40 billion into U.S. infrastructure." The investment will likely be unveiled as early as next week when Trump is scheduled to visit the kingdom.
While it is clear why Saudi Arabia is eager to appease Trump - after all the all important Aramco IPO is coming up, and the Saudis will be eager to open the world's biggest public offering in history to as many US accounts as possible while doing everything in their power to stay on America's good side - Bloomberg's explanation that Riyadh felt "shunned by President Barack Obama, who crafted the 2015 nuclear deal with their Shiite rival Iran" leaves a bit to be desired: after all Saudi Arabia has consistently been the best customer of the US military-industrial complex for the past decade, and to claim that it had troubled relations with the previous administration is naive at best. What is certain, however, is that Saudi Arabia would have been delighted had Hillary Clinton become president, considering the millions in "donations" the Clinton Foundation received from Saudi Arabia and its peer Gulf states over the years.
Meanwhile, the kingdom claimed a “historic turning point” in bilateral relations after President Trump met Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in the White House earlier this year. On May 19, Trump will make his first foreign trip since taking office, visiting Saudi Arabia and Jerusalem before heading to Europe.
Or perhaps it's not Trump, but rather his son-in-law, that Saudi Arabia is most delighted with. A White House official told Bloomberg that the plans were in the works and that Trump’s son-in-law and senior adviser, Jared Kushner, had played a critical role in the discussions.
The Saudi funding may end up an anchor investment in Trump's massive $1 trillion infrastructure stimulus plan.
Trump in March offered his support for developing a new U.S.-Saudi program in energy, industry, infrastructure and technology that could be valued at more than $200 billion in direct and indirect investments within the next four years.
The president has said he intends to push for$1 trillion in U.S. infrastructure investments over the next decade, with $200 billion coming from taxpayers and the rest from the private sector.
Of course, it would be delightfully ironic if the Saudi billions end up being routed to fund new US shale technology, R&D and/or capex, in the process lowering the cost-curve of US oil producers even more...
... and further eroding Saudi market share and boosting its budget deficit.
This would not be the first time the Saudi Public Investment Fund has made substantial capital allocations abraad: last year, the PIF has funneled about $50 billion of the kingdom’s reserves into investments abroad, almost all of it into technology. It will commit as much as $45 billion to partner with SoftBank Group Corp. to set up a new $100 billion vehicle to invest in global technology. The fund also invested $3.5 billion in Uber Technologies Inc. last June. In the case of the latter, in light of the recent scandals gripping Uber, which may soon lose Europe as a market, it is possible that the Saudi's top-ticked the valuation of the car-sharing unicorn.
Are they holding hands yet? What comes next -- heavy petting?
Lower, much lower ..
Truck loads of lube too ..
What's the market value of a highly placed politician in this economy? How much does it cost to just look away?
...being routed to fund new US shale technology."
You're joking right? It will be "routed" to TRUMP/Kushner
real estate for goodness sake.
Heard Al Gore is still shopping around his Carbon Bank/Exchange.
Bill, Hillary, Al Gore... very friendly with the Saudis. Perhaps this is a Clinton Foundation Initiative...
The Orange Don showed them a special film and documents resulting in SA "investing" in the US. Everyone is Happy.
Kushner and the Saudis are as thick as thieves
Aren't they out of money yet?
Heard they reversed on Austerity...
OK devilcRAT's, let's start up another scandal from this... I'm certain you can fabricate more BS stories tying Trump to muslims, or the Saudi kingdom..... That'w what you do best... make shit up!
They own the refinery in Port Arthur
Magic words for today, kiddies is : " preparing to invest .... "
$32 Trillion in Foreign investment in USA. Isn't that too much already? Didn't we see QE money get hoarded into Excess Reserves, stock buy backs, executive salary & stock options?
USA is going to be covered with NJ style Toll booths.
I will fix it ~ Trump
The secret pages of the 9/11 report. Nuff said!
Cement ties. Hell there's a novel approach, Why didn't I think of that ..
Yeah, some folks need some cement ties alright ..
Matching shoes too !
HAHA !
Thats peanuts compared to the 300 B that the Duck asked Mutti to support Nato against Comrade Putin.
The Sauds will have to up their ante by another 500B.
The Duck LOVES to make deals; he might consider it at 500B plus a few Trump Towers in Saud thrown in; before he gets impeached for Comeygate.
End the Petro $. With new drilling tech and clean tech we have all oil and gas we need in USA. Let Saudi Arabia implode. Remember 9/11, almost all hijackers were Saudi.
9/11 was Israel/Mossad and the Bush 'cartel' - get with the FUCKING program !!
Good. Business is an art. We've somehow forgotten that truism.
40 billion can sure get a lot of mosques built. Just need alot more "new Americans" to fill them
I think the headline has all the right nouns in it... Cement, Ties, and Saudis... Reword it a bit and it's closer to what should happen.
Meet the new boss same as the old. Sad!
I'm thinking... Toll Bridges, Toll Highways, Toll TSA Gates on Roads, Toll for use of Water Ways like Rivers & Lakes... Maybe they will buy up Water utilities and hike the price of water?
"deploy as much as $40 billion into U.S. infrastructure."
I 70 will now be called Mecca Road.
Don't forget the mexican wall.
US infrastructure = bond purchases for US occupied sanctuary cities
http://www.whittierdailynews.com/government-and-politics/20160608/monteb...
Aren't Saudi US petro sales about 370B a year?
Ha.
First thing I thought as well. "Invest" in shale and Keystone.
Towel head sheep shaggers are buying lots of property here in Ireland too. Fucking cunts.
http://www.thejournal.ie/waterford-shopping-mall-saudi-group-2-3299964-M...
a $40 billion investment in cement, sounds like the wall is all but built.
I was going to say the same thing. Let them donate $40-billion to the Wall.
The America 4 Sale signs never come down in DC. They just get bigger, brighter and cost more.
40 Billion buys lots of 'influence' in MAGAland.
We don't need their fking money. It'll come with conditions like more Islamifcation of America. FK off.
I DO NOT trust Saudi's
Speaking of "USD$$$" and those who have lots of it THAT CONTROL WHAT IS LEFT OF IT...
This is probably one of the most truthful statements Chomsky could make about the "Cheeto-in-Chief" (https://www.rt.com/news/387981-chomsky-trump-dangerous-interview/) hypocrite that he is, given his position at MIT and the lies he's lived with "post-9/11" and the "Truths" he refuses to discuss on the issue of Palestine post-1967 and the greater "secular" Middle East... Or WHAT IS LEFT OF IT...
Thanks to these trained sand "chimps" that would still be riding camels and living in tents if it were not for their "Khazar" banking Master(s)!
I guarantee you Trump will get down on his knees before the Saudi Oil money just like every other president before him.
This board seems to have been taken over my brain-dead commies here lately..
"we neeed to raise the minimum wage to 20 dolluhs an hour".. Which commie was that? quickc quick?
Rewarding to see Trump take a play right out of the same book that has served me well for decades: friend or foe, grab the dough.
"...the Kingdom’s sovereign wealth fund will announce plans to "deploy as much as $40 billion into U.S. infrastructure.""
Infrastructure? There ya go, Trump...the Mexican wall is "infrastructure", ain't it?
Well...what are you waiting for?
I've always wondered why they didn't buy some critical component of the fracking business be it land contracts or equipment/suppliers, or control bank lending and thus kill two birds (from their perspective) with one stone. But then who knows, maybe they're alreadyi thinking along those lines
I though they are bad people that sponsor terrorism, hilary clinton and kill gays.. push them off the buildings !
Just what we need is the fucking saudis to own our highways.
"Honey, we are getting close to the tollroad, don't you thinkits time to veil up?
Didn't pumpkin boy go on about Killary and Saudi Arabia? Nice to see this orange piece of shit showing his true colours yet again.
then Trump can take the 40 billion and send it to israel
Keep your money you filth Saudi shit.
I dunno: give it to "your people". I bet a few of them won't use it against you.
Good luck you inbred trust fund whores.
The Good Ole' USA .. always for sale!
NO, pay to play MUST stop.
Keep your fucking money you zio-saud bastards, (that we paid to you by buying oil)
This American .gov shitshow swings from:
FUK yeah !
over to : 000oh FUK !
I need a neck brace for the daily whiplash.
JAIL CLINTON
Indict the CGF principals
LOCK the Alphabet .gov traitors away.
DO WHAT YOU SAID. NOTHING ELSE MATTERS, BOMB ISIS !
(ISIS scum are right there in Riyad, Donnie) Fucking easy to find.
Maybe the Saud should be buying US oil companies ... while their fiat has value.
Doesn't this mean they are redeeming offshore $ for real assets?
Wasaudisrael, D.C.