Al-Falih says rapid global changes support stronger Saudi-US ties

Saudi Arabia’s Minister of Investment, Khalid Al-Falih, said that rapid global transformations, economic fluctuations, and technological advancements currently taking place are reshaping the international economic landscape.

Speaking at the opening of the Saudi-US Investment Forum, Al-Falih added that these developments will present numerous and significant opportunities to enhance and broaden the strategic partnership between Saudi Arabia and the US.

He emphasized the importance of building strong and sustainable partnerships to achieve mutual interests, leveraging the strengths of both the Saudi and US economies, particularly the competitive advantages of Saudi and American companies.

The minister revealed that over the next four years, Saudi Arabia aims to deepen its investment relationship with the US by an estimated $600 billion, noting that the

Kingdom is looking to expand its investments with the US across multiple sectors.

He pointed out that investment opportunities and business prospects in Saudi Arabia have expanded and multiplied significantly, highlighting the energy sector as one of the most prominent areas of cooperation with the US.

Al-Falih also noted that the 2024 annual report on Saudi Vision 2030 confirms that the Kingdom has made substantial progress toward achieving its objectives of diversifying the economy and unlocking new opportunities across various sectors.