May 15, 2017 – Saudi Arabia is planning to do what Congress won’t: invest in U.S. infrastructure development, according to media reports. The kingdom’s sovereign wealth fund is set to announce the $40 billion plan. Saudi Arabia has reportedly been expressing an interest in investing in energy, industry, infrastructure and technology for months. Saudi Arabia, the world’s top crude exporter, made an aggressive push to diversify its traditionally oil-dependent economy after the drop in global prices since 2014 slashed its revenues.
Saudi Arabia Wants to Invest in U.S. Infrastructure
