A $100 billion arms deal is in its final phase as the U.S. prepares to seal the deal with Saudi Arabia. This comes just a week ahead of President Trump's first foreign trip to the region.
Long-term projections reveal that the deal could be worth more than that. Estimates of up to $300 billion are projected to amount in arms over the next decade to boost the country's military capabilities.
A report published by Reuters on Friday evening states that the arms deal constitutes U.S. arms and maintenance, ships, air missile defense and maritime security.
The arms deal will have a huge significance and impact in terms of business, this could help America's manufacturing economy.
It’s ideal for the American economy but it will also be good in terms of building a capability that is appropriate for the challenges of the region. Israel would still maintain an edge.
President Trump is scheduled to depart May 19 for three events. One with Saudi officials, one with six-nation Gulf Cooperation Council, and a final one with Arab and Muslim leaders. The trip will mark President Trump’s first foreign visit.
Mr. Trump is set to discuss how to prevent the Islamic State's growth in the region. He told supporters while on the campaign trail last year that he believes Saudi Arabia is an important ally in the fight against terrorism. He also attacked the country for punishing LGBT people and constraining women's roles in society.