We to accelerate investments from the Middle East before Trump Trip: Report | Donald Trump News

Explanator

The United States is looking to accelerate investments in water, Saudi Arabia and Qatar, said Bloomberg News.

The President of the United States, Donald Trumps, would have discussed the possibility of accelerating the investments of the United Arab Emirates, Saudi Arabia and Qatar before his trip to the region next week.

The talks at the start of the stadium were first reported by Bloomberg News. Such development would oblige the US government to reform the Foreign Investment Committee in the United States (CFIUS), an inter-institutions organization led by the US Treasury Department, and which also includes representatives of the Ministries of Commerce, Defense, Interior Security and the State which examine foreign real estate investments to assess in the event of national security risk.

Although it is not clear what a reform would imply, the objective would be to destroy the investments of these countries, with whom Trump had favored a close employment relationship during his first mandate, and bringing billions of dollars in the American economy.

The president could announce more information on the status of modifications and what it implies during his visit, which begins on May 13.

Investment overvoltage

Five of the most active 10 best wealth funds come from these three countries. Three of these five funds are water. In March, the National Water Security Advisor Sheikh Tahnoon Bin Zayed met the president and then committed 1.4 billion of dollars in investments in the United States over a period of 10 years.

Commitment includes investments in sectors such as artificial intelligence, energy and aluminum manufacturing, including the first new aluminum foundry in the United States in 35 years. It also includes a $ 1.2 billion mining partnership with ADQ based in Abu Dhabi, a sovereign wealth fund and the New York -based investment company, Orion Resource Partners, to extract critical minerals in Africa, Asia and Latin America.

The largest investment segment offered is in artificial intelligence. An investment fund based in Abu Dhabi called MGX has promised to invest $ 100 billion in a data center and an energy infrastructure to support the development of AI in the United States.

In January, in less than a week of Trump who will be in office, Saudi Arabia has committed to spending $ 600 billion in the United States over the next four years. Trump later said at the Davos World Economic Forum in Switzerland, that he had pushed the country to invest $ 1 Billion in the economy. Trump and Crown Prince Mohammed Bin Salman have a close relationship, which the two developed during Trumps' first term.

Qatar already had a solid investment relationship with the United States. In 2015, Qatar Investment Authority promised an investment of $ 35 billion and opened offices in New York and Washington to facilitate investments. Qia then hired $ 45 billion in 2019.

Some of the most notable investments in QIAS include $ 200 million in EAT, an alternative brand of meat and eggs and major real estate investments in New York, including 10% participation in the State Building Empire.

Interests

Despite no direct involvement of the Trump organization, the private company housing Trump's family brands, including Trump Hotels and Golf Resorts Trumps to come and monitoring the proposed investment monitoring has raised concerns of conflict of interest.

One month after winning the US elections, the Trump organization announced that it had rented its brand to two new real estate projects in Saudi Arabia.

The Society of Presidents also has projects and developments in the three countries it should visit, which could receive an accelerated status for investments.

This trip, where Trump will meet foreign civil servants who have the capacity to make decisions affecting his business and his business partners, poses huge conflicts of interest for Trump, whose company is engaged in foreign affairs much more than during his first mandate, Citizens for Responsibility and Ethics in Washington wrote in a note published Thursday.

On April 30, the Trump organization, whose property development arm was led by his son Eric, announced a new luxury golf station in Qatar. Unlike the first Trump administration, the Trump organization said before the inauguration of Trumps in January that it would not go away foreign real estate investments.

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