President Trump is set to visit Saudi Arabia aiming for $1 trillion in investments, focusing on energy, AI, advanced manufacturing, and finance. This visit comes as Saudi Arabia faces a $15.7 billion deficit and seeks $100 billion annually in foreign direct investment by 2030.
Top executives from major firms including BlackRock and Citigroup will accompany Trump. The visit involves dialogues with Saudi leadership, including Crown Prince Mohammed bin Salman, during the Saudi-US Investment Forum on May 13.
Saudi Arabia’s increasing budget shortfall, possibly reaching $67 billion by 2025 due to falling oil prices, raises questions about the kingdom’s financial strategies and need for foreign investments as it pursues its Vision 2030 economic reform.
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