With wanton prices down by half over a past 3 years, U.S. domestic oil prolongation adult dramatically, and a dominion embarking on rare mercantile reforms – including a sale of a interest in a state-owned oil association – a precedence is changeable toward a Americans as a U.S. emerges as a opposition appetite exporter.
JPMorgan and Citigroup Inc. helped arrange a $17.5 billion Saudi bond sale final year and a $9 billion Islamic bond emanate in April.
The Saudis have been eager about Trump after a lukewarm attribute with Barack Obama.
After a meeting, Trump offering his support for a new U.S.-Saudi module in energy, industry, infrastructure and record that could lead to some-more than $200 billion in investments over a subsequent 4 years.
That’s not to contend a Saudis are no longer looking for investment opportunities.
Article source: http://www.dailystar.com.lb//Business/Regional/2017/May-19/406353-saudi-us-business-ties-shift-as-kingdom-seeks-investment.ashx