AlQa'dah 12, 1434, Sep 18, 2013, SPA -- The Minister of Commerce and Industry Dr. Tawfiq Al-Rabiah said that the Kingdom of Saudi Arabia under the leadership of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud has been interested in focusing on knowledge, transfer and localization of advanced technology, diversification of resources of national income, building a strong foundation for sustainable development, and strengthening its relations with friendly countries. He pointed in a speech yesterday at a meeting of Saudi-US Business Opportunities Forum in Los Angeles to the large number of Saudi students studying at American universities to achieve the vision of the Custodian of the Two Holy Mosques towards building a knowledge society and the development of the Saudi economy . The Minister explained that the volume of trade exchanges between the two countries reached more than $ 73 billion over the past year. He stressed that the Saudi market provides an encouraging environment for business and investment, noting in this regard the entry of more than 150 American companies to the Saudi market for the first time during the past year.
