US President Donald Trump says his journey by way of the Gulf area might generate between $3.5 trillion and $4 trillion.
Speaking at a gathering with business leaders in Qatar on Thursday, Trump described the journey as a historic journey.
“We’re the hottest country of the world. And six months ago, they were laughing at the US, but they don’t laugh any more,” he stated.
“This is a record tour. There’s never been a tour that will raise – it could be a total of $3.5, $4 trillion. Just in this four or five days.”
He didn’t present particulars for the figures he gave.
Having additionally given a speech at a US air base in Qatar the place he stated the troops have been all getting pay rises, he flew on to the United Arab Emirates, the ultimate cease of his four-day journey. As in Saudi Arabia and Qatar, he was acquired with nice pomp and lavish ceremonies.
The Gulf states have all sought to outdo one another with funding pledges to the United States.
In an announcement, Saudi Arabia pledged investments totalling $600 billion within the US. However, the person funding quantities revealed by the White House throughout Trump’s go to fell considerably in need of this determine.
Saudi Arabia is at the moment funding an costly reform programme, going through a big finances deficit, and is underneath stress on account of low oil costs.
The United States and Qatar agreed, based on the White House, on an “economic exchange” value not less than $1.2 trillion, in addition to business offers valued at greater than $240 billion.
However, few particulars have been supplied, and Qatar didn’t launch any details about the deliberate investments.
Speaking a few deal between Qatar Airways and US plane producer Boeing, Trump stated the amount was “more than $200 billion.” Shortly afterwards, the White House put the determine at $96 billion.
The UAE, for its half, introduced US investments amounting to $1.4 trillion over 10 years. According to Emirati sources, these investments are anticipated to deal with areas akin to synthetic intelligence (AI) and vitality. Again, no detailed breakdown was supplied.
Roman Yampolskiy, a University of Louisville professor who focuses on synthetic intelligence, informed Al Jazeera earlier this week: “Historically, large-scale investment announcements often overpromise and underdeliver.”
Trump additionally visited the Sheikh Zayed Grand Mosque in Abu Dhabi.
White House Press Secretary Karoline Leavitt posted on X: “They shut down the Mosque for his special visit — the first time it has ever been closed for anyone in history. Historic moment!”
Since taking workplace once more in January, Trump has repeatedly claimed to have secured investments value a number of trillion {dollars} for the United States.
In the Qatari capital Doha, he reiterated his assertion, saying he had secured “at least $10 trillion” in investments and potential investments inside two months of re-entering the White House.
These figures have additionally been met with scepticism on social media.
The Trump Organization, the real-estate firm run by Trump’s sons Eric and Don Junior, can also be very lively within the Gulf area. Senior US Democrats accused Republican Trump of utilizing the official journey for private business pursuits.
Such accusations have been additional fuelled by media reviews Trump is contemplating accepting a luxurious aircraft as a present from Qatar’s management. The Boeing 747 would come from Qatar freed from cost and could be transformed into a brand new Air Force One.
Qatari Prime Minister Mohammed bin Abdulrahman stated it was a case of “very simple government-to-government dealing.”
Trump began his journey on Tuesday in Saudi Arabia, the place he additionally agreed arms offers.
He stunned observers by having a face-to-face assembly with Syria’s interim President Ahmed al-Sharaa. He introduced the top of US sanctions towards Syria, the place a insurgent alliance led by al-Sharaa overthrew long-time ruler Bashar al-Assad in early December.
The 78-year-old has not dominated out flying to Türkiye at quick discover if peace talks between Ukraine and Russia make main progress.
Trump travelled to Rome on the finish of April to attend the funeral of the late pope, however the go to to the Gulf area is his first main diplomatic journey since taking workplace once more in January.
Source: www.anews.com.tr