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Abu Dhabi, UAEFriday 14 December 2018

Saudi Arabia's crown prince in New York investment visit

Mohammed bin Salman was photographed meeting with Masayoshi Son, the chief executive of Japanese tech investment giant SoftBank

Crown Prince Mohammed bin Salman listens during a meeting with US President Donald Trump in the Oval Office of the White House in Washington, DC. Kevin Dietsch / Bloomberg
Crown Prince Mohammed bin Salman listens during a meeting with US President Donald Trump in the Oval Office of the White House in Washington, DC. Kevin Dietsch / Bloomberg

Saudi Arabia’s Crown Prince Mohammed bin Salman has sought to bolster investments in the kingdom during a stop in New York City, as part of his extensive US tour.

On Monday, the state-run Saudi Press Agency tweeted a photograph of the crown prince Mohammed and Masayoshi Son, the chief executive of Japanese tech investment giant SoftBank.

The two men are "addressing a number of investment opportunities", the tweet said, carrying the hashtag #CrownPrinceinNYC.

The crown prince arrived in the United States last week, meeting first with President Donald Trump and other high-ranking officials in Washington.

He then headed to Boston where a collaboration between Aramco Services Company (ASC) — the North American arm of Saudi Aramco — and the Massachusetts Institute of Technology (MIT) entered a new five-year $25 million (Dh91.8m) collaboration that was reaffirmed at The Innovation to Impact Forum.

It will target new research and development in fields including sustainable and renewable energy, advanced materials, carbon capture, utilisation and storage.

The crown prince also visited Harvard University and the IBM Health Center.

After New York, he is scheduled to head to Seattle, San Francisco, Los Angeles and Houston. He is accompanied by a large delegation from the ministries of energy, commerce, trade and others.

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