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FINANCIAL NEWS
US to participate in USD200 b investments in Saudi Arabia
19 Sep 2013
(MENAFN) US Secretary of Commerce Penny Pritzker said that the US plans to participate in the infrastructure projects of Saudi Arabia which will cost USD200 billion, according to Arab News.
Pritzker commented: “Even more firms want to serve as partners in the next five years as Saudi Arabia spends $500 billion more.”
She said that her country is willing to invest in different sectors in Saudi Arabia, including rail transportation, water utilities, and solar power.
“US companies can partner to help build strong and vibrant communities in Saudi Arabia,” she added.
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