Saudi Arabian General Investment Authority (SAGIA): The volume of trade exchange between Saudi Arabia and the United States is about 233 billion riyals

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A report issued by the General Investment Authority (SAGIA) revealed that the volume of trade exchange between the Kingdom of Saudi Arabia and the United States of America in 2014 amounted to about 62 billion dollars (233 billion riyals) and Saudi commodity exports to the United States varied in several fields, while the number of investment licenses granted to American companies reached 317 licenses with an estimated capital of about 52 billion dollars (195 billion Saudi riyals).

The report titled «Investment and Economic Cooperation between Saudi Arabia and America» revealed that the Kingdom's economy is among the 20 strongest economies in the world. <The report, titled «Investment and Economic Cooperation between Saudi Arabia and America,» stated that the Kingdom's economy is among the 20 strongest economies in the world and the Kingdom ranks fourth in terms of macroeconomic stability. The US is the Kingdom's largest trading partner and the Saudi market is the largest market for US exports in the Middle East. The General Authority for Investment (GAFI) emphasized that the Kingdom is moving forward with development and economic mobility steadily, and that the great developmental movement, spending on vital projects and infrastructure, and maintaining a strong and stable economy will enhance opportunities for growth and economic prosperity in general.

The General Authority for Investment (GAFI) said in a report that the United States of America is the Kingdom's trading partner and the Saudi market is the largest market for American exports in the Middle East. In a report titled "Investment and Economic Cooperation between Saudi Arabia and America", it said that Saudi-American relations have been characterized by strength and durability over the past decades and are based on mutual respect and common interests united by concern for regional security and sustainable development.

The Saudi Arabian General Investment Authority (SAGIA) said.

The Saudi General Investment Authority (SAGIA) said: The largest investments are in the basic industry sectors, where both Saudi Arabia and the United States of America have all the economic and investment components, noting that Saudi government and private investments in the United States are pioneers in helping transfer technology and knowledge to various sectors in the Kingdom.

The Saudi Arabian General Investment Authority (SAGIA) said.