Saudi Arabia and America strengthen a strategic partnership in artificial intelligence and investment.

Saudi Minister of Investment Khalid Al-Falih confirmed that Vision 2030 has made significant progress in various sectors, especially in artificial intelligence. He pointed out that the partnership with the United States is one of the Kingdom's key strategic partnerships on both investment and geopolitical levels.

This was stated during his speech at the Saudi-American Investment Forum in Riyadh, held on the sidelines of President Donald Trump's visit to the Kingdom. Al-Falih highlighted the increase in investments in Saudi Arabia in recent years, reflecting the strength of the bilateral relations between the two countries.

He explained that Vision 2030 and its development programs have made significant progress in diversifying the economy and enhancing its sustainability by opening up investment opportunities in promising sectors such as traditional and renewable energy, advanced technologies, artificial intelligence, tourism, health, biotechnologies, and logistics services.

Al-Falih added: "The rapid economic changes and technological advancements will reshape the global economy, providing significant opportunities to strengthen the strategic partnership between Saudi Arabia and the United States, focusing on building sustainable partnerships based on the strengths of both economies, especially their companies."

Enhancing Bilateral Relations and Achievements of Vision 2030

On the other hand, Saudi Minister of Finance Mohammed Al-Jadaan affirmed that Saudi-American relations are growing stronger year by year, supported by joint investments.

Al-Jadaan revealed that the Kingdom has made significant progress in reducing unemployment rates and increasing women's participation in the workforce, stating: "We have reached 100 million visitors, a goal of Vision 2030 achieved two years ahead of the target date."

Technological Cooperation and Artificial Intelligence

In the field of technology, the Saudi Minister of Communications stated that a Saudi delegation discussed advanced technologies with the White House's AI official, including fast solutions for issuing passports within 5 minutes and nanorobots that reduce the cost of treating certain diseases from $2.2 million to just a few hundred dollars.

In turn, the White House official for AI and cryptocurrencies mentioned that the risks of technology misuse "are not an issue at all when we have a friend like Saudi Arabia."

He added that the Trump administration aims to make American technology a global standard, ensuring that AI chip misuse is restricted from spreading.

Major Investments and Promising Opportunities

The CEO of Investment and Financial Affairs at Google revealed plans to build data centers in Saudi Arabia, including introducing Graphics Processing Units (GPU).

Larry Fink, CEO of BlackRock, stated that Saudi Arabia has transformed from a source of capital to an attractive destination for global investment, expressing expectations of upcoming economic fluctuations and promising investment opportunities. He warned of the continuing U.S. deficit, describing it as "the real problem."

U.S. Economic Policy and Global Balance

U.S. Treasury Secretary Steven Mnuchin affirmed that the U.S. does not seek complete economic decoupling from China, referring to the recent Geneva talks' results to avoid trade escalation.

Mnuchin explained that the Trump administration is working to rebalance the U.S. economy, while China needs to transition to a consumption-based economy. He also revealed plans to bring back medical and semiconductor industries to U.S. soil to enhance industrial security.