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00:00Can you just tell us a bit more about this visit to Saudi Arabia by President Trump?
00:04What can we expect?
00:05Well, Tom, earlier this year, His Royal Highness Crown Prince Mohammed bin Salman
00:09said on a call to President Trump that it was expected Saudi Arabia would work to invest
00:17up to $600 billion over a couple of years, four years or more, in the US.
00:22And some of us may have also seen the headlines from President Trump
00:28stating that he would call for that to be raised to a trillion dollars.
00:31There have been other commitments, similar commitments in the region,
00:34in the Middle East region as well, towards investing in the US.
00:37If we look at the nature of discussions and all the tariff mania that's been taking place
00:44the last couple of weeks, I think it's very clear that the name of the game is trade
00:49and trade relationships.
00:51The US seems to be particularly interested in developing the trade relationships.
00:56And Saudi Arabia, as we all know, under the Vision 2030 Economic Diversification Programme,
01:03of course, trade is one of the biggest items on the agenda.
01:07Now, the National Investment Strategy, which was established a few years ago,
01:12subsequently to the Vision 2030 Initiative,
01:15aims to grow the foreign direct investment 20-fold by 2030,
01:22so north of 300 billion Saudi Arabia.