NEW YORK – A number of Saudi ministers unveiled the salient features of the Kingdom's ambitious Vision 2030 in front of the US business leaders during the meeting of the US-Saudi Arabian Business Council in New York on Friday. They urged the American businessmen and investors to tap the huge potential of the Kingdom's economy as well as the vast opportunities that lay open in front of investors with 100 percent ownership. The meeting was held on the sidelines of the high-profile official visit of Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense. Earlier, Prince Muhammad discussed with heads of US financial institutions in New York the Vision 2030 with a focus to diversify the sources of income. Minister of Commerce and Investment Majed Al-Qasabi, Minister of Energy, Industry and Mineral Resources Khaled Al-Falih and Muhammad Al-Jasser, advisor at the Royal Court, addressed the meeting. They underlined that there are ample opportunities for partnership of the Saudi public and private sectors with US companies, and the visit of the Deputy Crown Prince has opened up new fields and phases of bilateral cooperation in diverse sectors. While promising that there would be more transparency and accountability in economic matters, the ministers also called for directing investments mainly to the manufacturing and production sectors of the Kingdom's diverse economy. On his part, David Kallagan, deputy president of the council, said that the American businessmen are highly enthusiastic and are looking forward to invest in the Kingdom, especially in the medium and retail sectors. The ministers also attended a workshop session of the Saudi and American business leaders.
