Bahrain’s crown prince is set to announce plans to invest more than $17 billion in the United States during a meeting with President Donald Trump on Wednesday, a White House official said.
As part of the investment, Bahrain is expected to sign a deal between Gulf Air and Boeing/GE valued at around $7 billion for 12 aircraft with an option for six more, the official said.
The deal also includes the sale of 40 GE engines, the official said.
The announcement from Crown Prince Salman bin Hamad Al Khalifa comes on the heels of foreign investment deals Trump made during a trip to the Middle East in May.
During a visit to Riyadh, Trump secured a $600-billion commitment from Saudi Arabia to invest in the United States and agreed to sell the Saudis an arms package worth nearly $142 billion.
Later this year, the king of Bahrain will visit Washington to finalize these agreements and solidify the progress made in building the two nations’ economic prosperity, the U.S. official said.
