Minister of Finance: Vision 2030 Boosted US Investments in the Kingdom

Mohammed Al-Jadaan, Minister of Finance, emphasized that the Kingdom’s Vision 2030 represents a comprehensive national transformation led by Saudis themselves toward a more sustainable economic, financial, and social future. He noted that the Kingdom has witnessed a significant influx of US investments since the launch of Vision 2030, reflecting confidence in the radical reforms taking place in the Saudi economy, most notably empowering the private sector, improving the regulatory and investment environment, and expanding the base of innovation and technology.

This came during the Minister’s speech at the Saudi-US Investment Forum, which coincided with the visit of US President Donald Trump. Al-Jadaan explained that the Kingdom had relied on a single commodity for decades, leaving its economy vulnerable to price fluctuations. However, thanks to the leadership that set a clear vision and mobilized the nation behind it, the people now see the vision as their own national project.

Al-Jadaan noted that what has been achieved over the past seven or eight years is “astonishing by all standards,” and that the vision has become “the star that illuminates our path.” He added, “We are focusing on transferring and localizing technology from the United States, along with exchanging expertise and transferring knowledge, as part of our goals to build an advanced knowledge economy.”

He also revealed that the Kingdom has achieved a 7% unemployment rate, the target set in Vision 2030, along with rising employment rates and the empowerment of Saudi women in the labor market, confirming the effectiveness of the adopted economic and development policies.

During the forum, Al-Jadaan called on American companies to explore direct investment opportunities in the Saudi market and communicate with their Saudi investor counterparts, emphasizing that the Kingdom provides a flexible regulatory environment that supports digital transformation and economic growth.

For his part, US Treasury Secretary Scott Besant said during a dialogue session at the forum that one of his first calls after assuming his position was with the Saudi Minister of Finance, reflecting the priority of the relationship between the two countries on the US government’s agenda. Bisant noted his longstanding relationship with the Kingdom, having grown up in a family with a close relationship with John West, the former US ambassador to the Kingdom. Immediately after graduation, he worked with the Olayan Group in New York, adding, “I have a long history with the Kingdom, and we view our relationship with it as a long-term strategic partnership.” These statements reflect the depth of the economic and investment ties between the Kingdom and the United States, which span more than 92 years of joint cooperation and are now witnessing a new chapter of strategic partnership in light of the major transformations led by Vision 2030.