Monday, March 13, 2017

Saudi deputy crown prince to meet Trump, investment in focus

 
Oann.com


Deputy Crown Prince Mohammed bin Salman, in charge of Saudi Arabia’s reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to promote the world’s top oil exporter as an investment destination.

It will be the first meeting since Trump took office in January between the U.S. President and the powerful prince leading the kingdom’s efforts to revive state finances by diversifying away from falling crude oil revenues.

Under the plan, which seeks to promote the private sector and make state-owned companies more efficient, Riyadh plans to sell up to 5 percent of state oil giant Saudi Aramco in what is expected to be the world’s biggest initial public offering.

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