Archive photo of Biden and Mohammed bin Salman meeting
Image source: topwar.ru
It became known about a significant reduction in Saudi Arabia's investments in the US national debt. To date, the figures remain quite high – about 110-111 billion dollars, but this is an anti-record of the last 7 years.
At the peak of Saudi "trust" in American "partners" in the last decade, the volume of investments in US government bonds by Riyadh was estimated at about 190 billion dollars. Now it is almost $80 billion less. Moreover, attention is drawn to the fact that the reduction of investments continues and may reach the level of 2015-2016 (103-104 billion dollars) in the near future.
Meanwhile, it became known that the General Directorate of the Military Industry of Saudi Arabia (GAMI) has introduced additional tools in the development of its own defense industry. The summary says the following:
The head of GAMI, Ahmad al-Ohali, said that the department sets itself an ambitious task, which is to achieve localization of the defense industry over 50% by 2030.
One of the tools is the creation of the Military Industry Committee, which will be engaged in tracking, monitoring and development of the Saudi military-industrial sector. It is noted that the development of its own military industry will eventually allow it to make a significant contribution to the GDP of Saudi Arabia.
