Emirati billionaire and Trump ally sees more Gulf investments into US under new president
DUBAI - Emirati billionaire Hussain Sajwani said on Friday he expects more investments from the oil-rich Gulf into the US as President-elect Donald J. Trump's second term in office heralds a "pro-business" climate.
"I think his overall policies are pro-business," Sajwani told Reuters at his home on Dubai's Palm Jumeirah island. The Emirati magnate celebrated New Year's with Trump and Musk and other guests at Mar-a-Lago resort and said he had been invited to attend the inauguration in Washington on Jan. 20.Trump and his family have business ties to the Gulf beyond the longstanding partnership with Sajwani. Trump-branded real estate projects are being built under partnership deals in Saudi Arabia and Oman, while Gulf state-owned funds are investors in an investment firm owned by Trump's son-in-law Jared Kushner.
Sajwani cited access to land, energy and "more business-friendly approvals" as why the centres would be built there and said that most of the investment would be funded through debt. "So the company's balance sheet is strong enough to fund the coming four years. And of course, all these things have been studied carefully and a very detailed business plan has been done," he said.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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