Khaberni - The American capital Washington will witness an investment summit gathering Saudi Arabia and America, on November 19th (November), coinciding with the visit of the Saudi Crown Prince, the Prime Minister Prince Mohammed bin Salman to America, marking his second visit since 2018, according to a knowledgeable source speaking to "Reuters".
The summit will be held on the sidelines of Prince Mohammed bin Salman's visit, as it will not be part of the official visit schedule according to the knowledgeable source who spoke to Reuters, suggesting the possibility that both the American President Trump and the Saudi Crown Prince might attend, noting that their participation is not listed on the agenda.
Meanwhile, "CBS News" mentioned that the summit will be held at the John F. Kennedy Center for the Performing Arts, organized in partnership between the Saudi Ministry of Investment and the U.S.-Saudi Business Council.
The trade volume between the two countries since 2013 until 2024 amounts to about $500 billion, and the value of Saudi non-oil exports last year alone reached about $82 billion.
In the same context, Saudi Arabia and America are working on economic partnership opportunities worth $600 billion, including agreements worth over $300 billion that were announced during President Trump's visit to Riyadh, while the Saudi Crown Prince, Prince Mohammed bin Salman, and the American President intend to complete the second phase of the rest of the agreements to raise them to one trillion dollars.
The growing economic partnership represents an extension of multi-domain cooperation in military, security, economic, and technological fields; enhancing mutual benefits, supporting job opportunities in the Kingdom, contributing to the localization of industries, developing local content, and growing the gross domestic product.
America is a key destination for the Public Investment Fund, accounting for about 40% of its global investments; reflecting confidence in the capabilities of the American economy to innovate, especially in promising sectors such as technology and artificial intelligence; facilitating knowledge transfer and exchange of expertise.
