The optics of the U.S. leader’s Middle East visit were strong, showcasing the larger-than-life opulence of the region’s richest petrostates — and how much of that wealth they are willing to spend to deepen their ties with the U.S. and advance their own economic agendas.
The numbers are historic. Qatar and the U.S. agreed on a $1.2 trillion “economic exchange”; Saudia Arabia promised to invest $600 billion in the U.S., and major projects were signed with the United Arab Emirates, after Abu Dhabi in March committed to a 10-year, $1.4 trillion investment framework in the U.S.