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- Tourism to match oil as biggest contributor to Saudi Arabia's economy by 2030, minister says
- Bechtel wins deal to develop 3 new terminals at Riyadh airport
- NBB reports highest quarterly profit of $74.5m
- Air Arabia reports strong Q1 with $96.6m net profit, up 34%
- Al-Ahli Bank of Kuwait Group holds Q1 2025 analyst conference call
- Boursa Kuwait, KCC promote Kuwaiti capital market to London's leading asset managers
- New partnership between Oman Flour Mills & Elevatus brings AI-powered hiring to the food industry
- Doha emerges as global epicenter for fintech, insurtech innovation as MENA summits conclude
- QSE index closes 0.22 percent lower
- Mazoon Mining inks contracts for Yanqul Copper Project
14/05/2025 05:13 AST
Crown Prince and Prime Minister Mohammed bin Salman said that 40 percent of the global investments of the Public Investment Fund are directed to the United States. In his speech at the Saudi-US Investment Forum in Riyadh on Tuesday, the Crown Prince announced that the agreements unveiled at the forum amounted to $300 billion.
The Crown Prince said that the volume of partnership opportunities between the two countries amounts to $600 billion. He emphasized that Saudi Arabia and the United States have enjoyed deep economic ties for more than 90 years, spanning vital sectors such as energy, knowledge, and innovation. "Joint investments are one of the most important pillars of our economic relations," he said while highlighting that Saudi Arabia is the United States' largest economic partner in the region.
According to the Crown Prince, there are approximately 1,300 American companies currently investing in the Kingdom. "Joint efforts between the two countries are not limited to economic cooperation, but extend to establishing security, stability, and peace in the region and the world," he said adding that the Saudi Vision 2030 has enabled an unprecedented economic transformation aimed at diversifying the economy and empowering the private sector.
Saudi Gazette
14/05/2025
Saudi Arabia has signed deals with the US worth more than $300 billion, Crown Prince Mohammed bin Salman said at the Saudi-US Investment Forum in Riyadh on Tuesday.
During an address at the
Arab News
12/05/2025
Saudi Arabia's industrial production index rose 2 percent year on year in March 2025, driven by strong growth in manufacturing, particularly in the chemical and food industries, official data showed.
Arab News
09/05/2025
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a grueling tit-for-tat tariff war that threatens hundreds of billions in trade and roiled global m
Asharq Al Awsat
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14/05/2025
Saudi Arabia is increasingly seen as a country of impressive mountains, stunning Red Sea islands, and a hospitable culture, with aspirations to make tourism as significant as oil to its economy by 20
Arab News
14/05/2025
King Salman International Airport Development Company (KSIADC), a company owned by the Public Investment Fund (PIF), has signed an executive partnership agreement with Bechtel to develop three new pa
Trade Arabia
14/05/2025
The fourth edition of the MENA Insurtech Summit and the inaugural MENA Fintech Summit 2025, hosted by Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, concluded to
The Peninsula
14/05/2025
Mazoon Mining Company, a subsidiary of Minerals Development Oman (MDO), on Tuesday signed construction and service package agreements with local contractors for the Yanqul Copper Concentrate Producti
Muscat Daily
14/05/2025
Abu Dhabi's real estate market has posted its strongest capital gains in three years during Q1 2025, driven by robust demand and limited supply, according to a ValuStrat research report.
Des
Khaleej Times
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