Saudi Prince in US to Discuss Politics and Business

Crown Prince Mohammad bin Salman Al Saud at the Royal Court Palace in Riyadh, Saudi Arabia.

Saudi Crown Prince Mohammed Bin Salman has arrived in the United States to conduct a tour to strengthen not only business ties but also political ties with the US.

This is the Crown Prince’s second visit to the US. It begins with a stop at the White House for a meeting with US President Donald Trump. Trump has been working since his inauguration to strengthen the relationship between the two countries.“

Saudi Arabia was the first foreign country Trump visited after taking office, traveling to the kingdom in May and signing memorandums and agreements for defense spending that totaled about $110 billion,” according to Bloomberg.

The US and Saudi Arabia have been allies for 75 years, according to the Brookings Institute. During that time, they have worked “closely together” and have also at times been “estranged,” said Brookings.

Forbes said that the two leaders will most likely be discussing a reinstatement of sanctions against Iran; Saudi’s protracted war in Yemen; and the kingdom’s wish to buy at least one additional nuclear power plant and what role the US government will play in allowing a company like GE to construct it.“

Other issues that may come up would include the disagreement between Qatar on one hand and Saudi Arabia, the UAE and Egypt on the other as well as the U.S. decision to move the embassy to Jerusalem,” said Forbes.

Bloomberg also said that the Crown Prince will be meeting top executives to discuss business deals. He is on schedule to meet the heads of Apple Inc., Google, and:

• Uber
• Executives from the film industry
• Oil Services Companies
• Amazon
• GE
• NYSE

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com