RIYADH: US President Donald Trump’s visit to Saudi Arabia this week is key to global stability and prosperity, the Kingdom’s ambassador to the US has said.
Princess Reema bint Bandar highlighted the enduring relationship between Saudi Arabia and the US as the president arrives in the Kingdom on Tuesday, his first state visit during his second stint in the White House.
“It is a moment pivotal for global peace, security and prosperity,” Princess Reema wrote in the Washington Times. “Today, as the world navigates new challenges and conflicts, that partnership is more critical than ever.”
Princess Reema, who presented her credentials to Trump in 2019 when assuming her role as ambassador, said the two nation’s alliance is “not just history; it is a reimagined future.”
Just before his last visit, Saudi Arabia had just embarked on major national reforms, known as Saudi Vision 2030, a mission that would impact every part of society and set the Kingdom on a stronger path to the future.
Nearly eight years after he made the Kingdom his first ever state visit, “Trump will step off Air Force One to find the Vision becoming a reality,” Princess Reema wrote.
“As we proudly open our doors to Mr. Trump and his delegation, we look to highlight the tremendous journey our nation has undertaken and the new heights our relationship with the U.S. has reached, now including sectors such as manufacturing, technology, cybersecurity and even space exploration.”
The diplomat highlighted the real progress the Kingdom has made in a number of vital indicators.
“Saudi Arabia’s non-oil economy now contributes 50% to the country’s real gross domestic product, marking a historic milestone. Saudi women make up nearly 40% of our workforce, with many in leadership positions, enjoying the same rights as men, including equal pay. Young Saudis are experiencing a renaissance in arts, entertainment, sports and science, all while preserving our proud cultural heritage. This is a new Saudi Arabia, open to the world, and we invite Americans to look more closely.”
The president is expected to take part in the Saudi-US Investment Forum, an invitation-only event to be held at Riyadh’s Ritz-Carlton hotel on Tuesday.
It has been reported that business figures like Elon Musk, Mark Zuckerberg and Larry Fink are poised to attend, while Arab News sources reveal that about 15 Saudi ministers and top-level officials will be present, as well as the CEOs of some of the Kingdom’s biggest companies and giga-projects, in addition to hundreds of business ‘big-wigs’ from both countries.
“The Saudi Arabia that Mr. Trump will visit is investing billions of dollars in fostering new economic sectors such as tourism, artificial intelligence, clean energy, culture and sports. It is a dynamic society where youths are pioneering the future and women are at the forefront of the Vision,” the ambassador said.
Princess Reema said that sustainable partnership begins with reciprocity.
“The crown prince’s pledge of investing $600 billion in the United States over the next four years promises mutual prosperity that aligns with our diversification goals under Vision 2030 and Mr. Trump’s goals for economic growth.”
At the World Economic Forum in Davos in January, Trump hinted at even greater ambitions. He suggested he would ask the Saudi crown prince to raise the investment target to $1 trillion, describing it as a natural extension of a robust and trusted partnership.
Saudi Economy Minister Faisal Alibrahim confirmed at the forum that the $600 billion pledge encompassed both government-led procurement and private-sector investment in key areas such as defense, energy, infrastructure and technology.
In 2017, the countries signed a number of investment agreements worth about $400 billion.
Princess Reema also said the two nations’ collaboration has been important for dealing with global crises.
Amid an increasingly volatile geopolitical landscape, leadership and alliances are more vital than ever, she wrote.
“Almost every major global challenge is being addressed with urgency through collaboration and a strong Saudi-U.S. alliance. From conflicts in Ukraine and the Gaza Strip to stability in Syria and Sudan, Saudi Arabia is playing a critical role in addressing the world’s most pressing challenges. Partnership with the United States is essential to success.”