Saudi Gazette report
RIYADH — Minister of Finance Mohammed Al-Jadaan stated that there are tremendous opportunities for investors in Saudi Arabia and the United States to enhance cooperation in fields of trade and financial services.
Al-Jadaan confirmed that the US President Joe Biden's visit to Saudi Arabia as the first Arab country embodies the great importance that the US leadership considers to the Kingdom.
Saudi Arabia and the US have historical relations and a strategic partnership that spans more than nine decades, he said.
The visit of the US president to the Kingdom reflects the international economic movement that the Saudi leadership attaches great importance to in light of the development and increasing growth in the Saudi economy.
Al-Jadaan stressed that the Saudi financial system provided many facilities to foreign investors, noting that the most prominent of them was the Kingdom's launch of the financial technology strategy.
He said that the financial technology strategy will contribute through it to achieving the goals of the Kingdom's Vision 2030 by facilitating doing business, attracting foreign direct investment, as well as developing the digital economy.
The Kingdom also contributes through its vision to support innovation in the financial sector by attracting the most prominent effective parties in the financial technology field, Al-Jadaan added.
While he indicated that Saudi Vision 2030 includes many economic and investment opportunities that could contribute to strengthening the partnership between the Kingdom and America.
"It is possible to enhance opportunities between the two countries by providing promising Saudi opportunities for American companies to work in vital sectors such as infrastructure, insurance, and many others," Al-Jadaan pointed out.
Developing financial and banking relations and enhancing Saudi-American cooperation within the framework of partnership and common interests is considered a very important matter, the minister said, while praising the progress made in this field so far.
