Minister of Investment Visits United States to Enhance Investment Partnerships

Economics News
Published 20 Oct 2021
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Minister of Investment Visits United States to Enhance Investment Partnerships

The Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih began today a visit to the United States of America, aimed at highlighting the Kingdom of Saudi Arabia as a major global investment destination. This step comes after His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic and Development Affairs launched the National Investment Strategy last week.
During the visit, the Minister will meet with a group of US officials to enhance the ongoing strategic trade and investment partnership between the United States and Saudi Arabia. The visit also aims to encourage American investors to seize the opportunities offered by the great economic transformation that the Kingdom is experiencing, in addition to the unprecedented opportunities that have become available in many economic sectors, as a result of the launch of Saudi Vision 2030.
As part of the visit program, the Minister of Investment spoke today at the Milken Institute Global Conference in Los Angeles about the role of the National Investment Strategy in attracting foreign investors and companies.
Eng. Khalid Al-Falih will meet in Washington, DC, with a number of influencers, decision-makers and chief executives of a group of companies based in the United States.
In a statement on this visit, Eng. Khalid Al-Falih said that the National Investment Strategy would lead to a great change in the investment landscape in the Kingdom of Saudi Arabia, which will provide unprecedented opportunities and advantages for investors.
He added, "we consider US investors to be our partners, and we hope that they will seize the tremendous opportunities presented as part of our transformation. American innovation and expertise have a long and rich history in the Kingdom, in addition, we seek that American investments continue its fundamental role in the economy of the Kingdom of Saudi Arabia, which is moving towards a new promising stage in its development."
The National Investment Strategy aims to make the Kingdom of Saudi Arabia one of the 15 largest economies in the world, and increase the investment share to 30% of GDP by 2030.

Last Modified Date: 20/10/2021 - 11:13 AM Saudi Arabia Time


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