Riyadh — Saudi Finance Minister Mohammed Al-Jadaan and U.S. Treasury Secretary Scott Besant emphasized the importance of deepening economic and investment ties between the Kingdom and the United States during a joint session at the Investment Forum.
Speaking under the theme “Balancing Fiscal and Monetary Policy,” Al-Jadaan described the bilateral relationship as historic, spanning more than 90 years. He noted the “remarkable” scale of Saudi investments in the U.S., which reflect the strength of economic cooperation. He also highlighted a surge in American investments into Saudi Arabia since the launch of Vision 2030.
“The partnership benefits both nations and supports our transition away from oil dependency,” Al-Jadaan said, adding that the Kingdom is focused on knowledge transfer and economic modernization through U.S. collaboration.
Secretary Besant echoed the sentiment, praising the close relationship and expressing confidence in the future of global trade. He noted that new agreements between the two countries are expected to yield tangible economic benefits. He also emphasized efforts by the U.S. to open Chinese markets to American goods to help restore global economic balance.
Al-Jadaan later pointed to Vision 2030 achievements, including Saudi Arabia’s lowest-ever unemployment rate at 7%, increased workforce participation, major strides in women’s empowerment, and a record-breaking 100 million tourist arrivals—a milestone originally set for 2030.
