Saudi Arabia is offering $1 trillion worth of investment opportunities in vital sectors such as oil and gas, petrochemicals, transport, electricity and desalination was announced at a major forum in Los Angeles.
Commerce and Industry Minister Tawfiq Al-Rabiah is one of the keynote Saudi speakers at the three-day Saudi-US Business Forum.
Officials and business leaders attending the event explored how US companies can participate in the Kingdom's economic expansion and build new and lasting business ties between their executives.
"American businesses can learn how to get involved in the $1 trillion-plus trade and investment opportunities that Saudi Arabia represents over the next decade," said Omar Bahlaiwa, secretary-general of CIT.
"During this period of severe global economic downturn and historic social and political upheaval across many regions including the Middle East, Saudi Arabia remains a stable and reliable partner," Bahlaiwa said.
It is not only the regional economic powerhouse but also a leading voice for moderation and dialogue among Arab states and the Islamic world, he added.