The National Wealth Fund of the Kingdom will allocate the funds.
Saudi Arabia intends to invest about USD 40 billion in US infrastructure projects, Correspondent.net reports quoting Bloomberg and the sources.
According to the edition, the funds will allocated by the National Wealth Fund of the Kingdom. It may be officially announced about expected investments at the beginning of the next week, during Donald Trump’s official visit to Saudi Arabia.
Meanwhile, the White House confirmed information on the ongoing negotiations. Senior Advisor to US President Jared Kushner is responsible for this question.
It should be noted that during the election campaign, Trump announced about his plans on the renewal of US infrastructure. In early March, Trump requested trillion dollars from the Congress for these purposes.
It was previously reported that the USA plans to conclude multi-million deals on the arms sales to Saudi Arabia.
