Terje, the attached article appeared in todays FT, I have removed the defence part related to the US$110bn arms deal but highlighted the separate deal done with Blackstone to establish a fund for US infrastructure this is akin / precedent to what we seek to achieve with SAMA focused on global investment fund in Airport Infrastructure
— Best Richard.

US President Donald Trump began his first foreign trip with a stop in Saudi Arabia, where a $110bn arms package was announced that the White House hopes will help Saudi Arabia and other gulf states combat terrorism in the region and ward off threats from Iran.

US defence companies lifted by Saudi deals

Lockheed Martin and Boeing stand out after Saudi Arabia signs a flurry of deals

Separately, the kingdom's sovereign wealth fund has also announced a large investment in US infrastructure through a new Blackstone fund. The sovereign Public Investment Fund intends to invest $20bn into Blackstone's new vehicle, with a further $20bn coming from other investors. The group's stock price rose 6.7 per cent to $31.88.

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