Saudi-US Economic Relations 2 Riyadh

In this context, the Kingdom and the United States enjoy strong economic and trade relations supported by common interests.
In 2013, the volume of Kingdom’s exports to America amounted to SR 119,1 billion, representing %14,12 of the Kingdom’s total exports to the world in the same year.
Meanwhile, the value of the Kingdom’s imports from the United States in 2013 reached SR 85,4 billion, representing %13,54 of the total value of the Kingdom’s imports of the same year from the world.
Observers stress that the Saudi-US relations have reached a level of maturity, and the two countries are keen to maintain and develop them under different circumstances, to become stronger and durable in the future. Statistics revealed that the total US direct investment in the Kingdom amounted to about $ 10,55 billion in 2013.
The Kingdom’s Kings and US Presidents were keen to enhance and maintain the distinguished relations during the past 8 decades, as the Saudi-US relations dated back to1352 H.
The participation of the Custodian of The Two Holy Mosques King Salam bin Abdulaziz Al Saud in the Saudi-US Investment forum, that held by Saudi-American Business Council, Saudi Chambers and Saudi Arabian General Investment Authority, gave a number of signs to the American business community that the Kingdom of Saudi Arabia determines to grant investment opportunities to the American companies, facilitate their operations and enhance the partnership between the two countries in the field of investment.
The Custodian of the Two Holy Mosques stressed, in his given speech, that the United States is the largest trading partner of the Kingdom, and US investors are among the first and largest investors.
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16:13 LOCAL TIME 13:13 GMT