Bahrain invest $ 17 billion in us in the middle of shops with Boeing, Oracle, Cisco | Donald Trump News

The Trump government says that the new investments will create 30,000 US jobs.

Bahrain's crown prince will invest more than $ 17 billion in the United States.

The White House outlined the New Deal before a meeting between Crown Prince Salman Bin Hamad Al Khalifa and US President Donald Trump.

He sat with the crown prince of Bahrain and described the golf nation as “fantastic ally”. He said they would discuss trade and other topics.

The prince said they announced investments in the United States, which “build on a legacy that we are very proud”.

As part of the investment, Bahrain will sign a contract between Gulf Air and Boeing/GE worth around $ 7 billion for 12 aircraft with an option for six more.

According to the White House, the deal also includes the sale of 40 GE engines.

The announcement of the Crown Prince follows foreign investment agreements that Trump made during a trip to the Middle East in May. During a visit to Riad, Trump from Saudi Arabia secured a commitment of USD 600 billion to invest in the USA and agreed to sell the Saudis a weapon package worth almost $ 142 billion.

The White House said that the Bahrain deal would support 30,000 American jobs and have been secured with the help of Trump and Commercial Secretary Howard Lutnick.

The Crown Prince will also commit additional capital in the amount of billions of dollars.

Bahrain is expected to sign shops with Oracle and Cisco to replace Chinese servers with Cisco products, said the White House.

Bahrain also tries to increase its investments in US energy, technology and manufacturing sectors.

According to the White House, the Crown Prince intends to use capital to increase US aluminum production, to invest in the US LNG production in order to secure BAH energy supply and to buy state-of-the-art AI chips and work with US hyper scales.

During the visit, the Crown Prince will also announce the intention of the kingdom to make these investments and to sign various businesses and memorandum of understanding (MOU).

One of these mous creates a frame for Bahrain to start discussions about the development of commercial nuclear skills.

Later this year, the King of Bahrain Washington will visit to conclude these agreements and to consolidate the progress in building up the economic prosperity of our two nations, said the White House.

The US markets remained relatively flat in the announcement. From 12:00 p.m. ET (4:00 p.m. GMT) the S&P 500 decreased by 0.1 percent, the Technical Haavy Nasdaq was 0.09 percent and the Dow Jones industrial average of 0.04 percent. The Boeing share fell by 0.3 percent after an upward push from this morning. T separates upwards in the news, compared to 0.1.

The new investment contract comes because the wife's tariff strategy is in the spotlight. In April, when the White House held country-specific tariffs during the break, the Trump government said that it would have 90 deals in 90 days. With this period, the United States arrested only three, including Vietnam, Great Britain and Tuesday, Indonesia.

In the press conference, the Crown Prince also told Bahrain that Ukraine would not provide Patriot rockets.