Trump and his visit to Saudi Arabia

 

The Significance of Trump's Visit to the Middle East

..The US President arrived in Riyadh on Tuesday, May 13, at the beginning of his visit to Qatar and the UAE. This is his first foreign tour since his election as US President. The 2017 Trump is completely different from the current Trump. Going to the Middle East or the Arabian Gulf region, which is rich in oil and gas, Trump's first stop was Saudi Arabia, an influential regional power. Saudi Arabia has the largest economy in the Middle East, with a GDP exceeding one trillion US dollars. Its population is 30 million. Saudi Arabia has the second largest oil reserves in the world, and Saudi Arabia plays an important role in OPEC, being the largest oil exporting country in the world. The oil wealth has led to the formation of a huge sovereign wealth fund, which will help generate more investments in the non-oil sector. Saudi Arabia seeks to diversify its sources of national income. Reducing oil revenues and replacing them with increased revenues from non-oil sectors. Trump is fully aware of Saudi Arabia's need for investment in the technology sector, such as artificial intelligence and video games, and there may be discussions about Saudi Arabia joining the nuclear club.

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Trump is trying to reach agreements with the Gulf states, and Saudi Arabia alone has memoranda of understanding totaling $600 billion. All of this is to preemptively close the door on the Chinese dragon obtaining these investments and projects.

The Arabian Gulf region means a lot to the United States: investments, joint projects, American oil companies operating in the Gulf, and American military bases in the Gulf. Strong relations are mutually beneficial for both sides.

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