Saudi Finance Minister Mohammed Al-Jadaan and U.S. Treasury Secretary Scott Bisent stressed the importance of enhancing economic partnership between the Kingdom of Saudi Arabia and the United States.

The remarks came during a joint dialogue session titled "Achieving Balance and Coordinating Fiscal and Monetary Policies" at the Saudi-U.S. Investment Forum 2025, which commenced in Riyadh today, coinciding with U.S. President Donald Trump's official visit to the Kingdom.

Historic Ties and Growing Investments
Minister Al-Jadaan noted that bilateral relations span over 90 years, highlighting that Saudi investments in the U.S. are "substantial," reflecting the strength and depth of economic ties. He pointed to increasing U.S. investment flows into Saudi Arabia since the launch of Vision 2030, emphasizing how this partnership supports mutual interests and the Kingdom's efforts to diversify income sources and reduce oil dependence.

Vision 2030 Milestones
The minister outlined key Vision 2030 achievements, including:

• Unemployment dropping to a historic low of 7%

• Increased Saudi citizen participation in the labor market

• Women's empowerment through structural reforms

• Unprecedented tourism sector growth, with visitor numbers exceeding 100 million—a target originally set for 2030

Al-Jadaan reiterated Saudi Arabia's commitment to knowledge exchange with the U.S. to boost national economic growth and enhance the Kingdom's regional and global competitiveness.

U.S. Perspective on Global Trade
Secretary Bisent expressed optimism about global trade's future, stating that newly signed bilateral agreements would drive tangible economic growth. He confirmed the U.S. administration's efforts to open China's market to American products, aiming to rebalance the global economy.

Presidential Visit Context
President Trump arrived in Riyadh earlier today—his first official visit since taking office—as part of a Gulf tour that also includes the UAE and Qatar. The forum marks a significant step in advancing economic collaboration between the two strategic partners.