Tuesday, 02 January 2024 12:17 GMT

Saudi Arabia, US Ink USD557 Billion in Investment Deals


(MENAFN) Saudi Investment Minister Khalid bin Abdulaziz Al-Falih announced on Wednesday that the cumulative worth of agreements finalized between Saudi Arabia and the United States has reached $557 billion.

In an interview with a Saudi channel, Al-Falih stated that Saudi Arabia concluded 242 investment pacts with the US during the US-Saudi Investment Forum held in Washington, DC.

“We signed numerous agreements across various sectors to strengthen the partnership between Saudi Arabia and the US,” he emphasized, highlighting the breadth of the collaboration.

Al-Falih also mentioned that the US continues to be the leading foreign investor in Saudi Arabia, noting that 2025 will represent a pivotal milestone for expanding economic cooperation between the two nations.

He further pointed out that the Saudi-US relationship, which has endured for over 90 years, continues to have a significant impact on the global stage.

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