Saudi Gazette report

RIYADH — Saudi Finance Minister Mohammed Al Jadaan and US Treasury Secretary Scott Bessent held a joint session at the beginning of the Saudi-US Investment Forum on Tuesday.

Bessent confirmed that US President Donald Trump is focusing on restoring the American economy.

He also stressed that "a trade balance with China is a priority of the Trump administration." He said: "We will avoid dependence on China in the strategic sectors."

Al -Jadaan talked about the Saudi-US relations. He stressed that the relationship between the two countries is increasing.

"We have the lowest unemployment rate in the history of Saudi Arabia," Al-Jadaan said, adding: “There is a significant change, a rise in employment, the empowerment of women, and we reached the goal that we want to achieve in 2030, which is 7% “.

Tesla CEO Elon Musk is participating in the forum, as well as the CEO of Amazon, Andy Jaci, as well as Black Rock's Larry Fink and David Sachs.

Fink explained during a speech that Saudi Arabia has turned into an important center to attract global investments.

The forum will focus on artificial intelligence, technological developments, as well as investments between the United States and Saudi Arabia.