Riyadh — Saudi Investment Minister Khalid Al-Falih announced plans to deepen investment ties with the United States by $600 billion over the next four years, underscoring the Kingdom’s commitment to building sustainable and strategic partnerships with American companies.
Speaking at the Saudi-U.S. Investment Forum, Al-Falih said the initiative aligns with the vision of Crown Prince Mohammed bin Salman, aiming to unlock expansive opportunities across high-growth sectors. “This is not just about capital,” he said. “It’s about strengthening mutual interests through long-term cooperation.”
Al-Falih emphasized that both economies possess complementary strengths, and the new investment push is designed to leverage those assets for mutual benefit.
Quoting the 2024 annual Vision 2030 progress report, the minister noted that Saudi Arabia has made significant strides in economic diversification, moving beyond oil into new frontiers of growth.
He outlined promising investment opportunities across sectors including:
– Energy and renewables
– Mining and industry
– Construction and development
– Biotech and artificial intelligence
– Tourism and hospitality
– Fintech, cloud computing, and data storage
Al-Falih also credited Saudi Aramco’s policies and national market stabilization efforts with helping reduce inflation volatility. He pointed out that the Kingdom has one of the lowest economic fluctuation rates globally, supported by large foreign reserves and a strong credit rating despite global uncertainty.
He further noted that Saudi Arabia’s stock market is now among the top 10 largest in the world and one of the fastest-growing, with venture capital activity accelerating rapidly.
“This is the time to invest in Saudi Arabia,” Al-Falih concluded.
