27/03/2018
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said, "The visit of the Crown Prince (His Royal Highness Prince Mohammed bin Salman bin Abdulaziz) to the United States of America has strategic, promising political, and economic dimensions. It emphasizes the compatibility of visions and trends regarding the Middle East region and its developments. And at the same time, it supports trade relations and the historical alliance of more than eight decades between the two countries."
AlKhalidi pointed out that this visit falls within the national options approved by the Kingdom in the vision of 2030 to activate the investment partnership with various countries of the outside world. He added that the movement on the side of the United States of America has its own implications, which indicates the Kingdom in the right direction towards the realization of the Kingdom of the desired economic objectives. He noted that this visit is complementary to the visit of the Custodian of the Two Holy Mosques to Washington after he took power and resulted in the establishment of permanent strategic cooperation office and other trade agreements.
In addition, he stressed the positive impact expected from this visit in the Saudi-American relations at all political and economic levels, especially in light of the stage of economic transformation experienced by the Kingdom.
He expected that this visit would come out with several investment agreements, especially in the fields of technology, modern networks, and industrialization of all kinds. It also would enhance the size of strategic economic partnerships through promising executive programs. In fact, American and other investors are aware of the investment returns they can gain from entering the Saudi market, and of the promising business opportunities in the Kingdom. This was actually confirmed by the increased foreign direct investment or by the various partnerships with Saudis recently.
Al Khalidi said that the Kingdom is in the process of reducing its dependence on oil revenues through diversifying its economic base, and improving its production efficiency while aiming to diversify its investment and trade partnerships with various countries in the developed world, especially in the areas of technology settlement.
He pointed out that there is a fact that the current economic reforms led to the following: (foreign companies are looking to have a role within the framework of the transformation plan that was launched to reformulate the national economy according to the path of diversification and optimal utilization of available resources.)
