By Amel Guettatfi
This comes at a good time for the petrostate as it attempts to move its income sources away from oil. And it’s starting huge.
The Saudis are throwing 2 trillion dollars into a sovereign wealth fund that will invest in everything from technology, alternative energy and even American infrastructure. During Trump’s first overseas visit in Riyadh, the Kingdom committed to a $20 billion deal to update the U.S.’ aging infrastructure.
Saudi Arabia also knows a lot about infrastructure with massive walls built on both its northern and southern borders. In 2006, the Kingdom started work on a 600-mile double ditch wire fence on the Iraqi side to fend off terrorist attacks.
Source: News Now/Vice News online