Finance Minister, US Treasury Secretary Discuss Strengthening Economic Ties

Aleqtsad. Riyadh

Minister of Finance Mohammed Aljadaan and US Secretary of the Treasury Scott Bessent emphasized the importance of strengthening the economic partnership between the Kingdom of Saudi Arabia and the United States during a panel session titled “Striking Balance: Coordinating Fiscal and Monetary Actions,” held as part of the 2025 Saudi-US Investment Forum.
Aljadaan highlighted the historic relations between the two countries, which span over 90 years, noting that the volume of Saudi investments in the United States is substantial and reflects the strength of their economic ties.
He stated that the Kingdom has seen a growing inflow of US investments since the launch of Saudi Vision 2030, emphasizing that the partnership between the two nations serves mutual interests and contributes to reducing reliance on oil.
The minister stressed that the Kingdom is keen to exchange expertise and transfer knowledge from the US in a manner that supports national economic development and strengthens the Kingdom’s regional and global standing.
Bessent expressed pride in his country’s close relationship with the Kingdom and voiced optimism about the future of global trade. He noted that the agreements signed will contribute to tangible economic improvement, reiterating that the US administration is working to open the Chinese market to American products to restore balance to the global economy