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US Ambassador Hails Saudi Arabia's Efforts In Diversification and Expansion of Economy

how and technology, pointing out that U.S. companies in the framework of bilateral trade has worked to provide expertise and resources necessary to achieve ambitious (sectoral) developments in the Kingdom.
He added that the prospects of trade between U.S. companies and Saudi Arabia are continually growing and that the Saudi-US Business Forum will further boost relations between the business communities in both countries.
James Smith said the Kingdom, which is one of the members of the Group of Twenty (G-20), is ranked 15th among the largest trading partners of the United States of America since the value of bilateral trade between the two countries amounted to US$43 billion in 2010.
"It also comes in the 12th place for U.S. exports. In 2010, The United States exported to Saudi Arabia, goods worth US$11.6 billion, showing a hike of nearly 8 percent from last year, noting that the share of the United States of America of the Saudi market amounts to 13 per cent approximately," the U.S. ambassador noted.


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