Private Saudi investments in US total $400 billion
November 8, 2009
Saudi private sector investments in the United States last year reached SR 1.58 trillion ($400 million), according to the chairman of the Jeddah Chamber of Commerce and Industry (JCCI), Arab News reported today.
Al-Fadl expects private sectors investments in both countries to increase significantly in the future. “The US is the main trade partner for the Kingdom. Saudi Arabia also ranks among the 15 most important trade partners for the United Sates. The volume of trade exchange between the two countries last year was SR 193.3 billion ($51.55 billion), compared to SR 157 billion ($41.86 billion) in 2006,” Al-Fadl said, adding Saudi imports from the US were SR 45.9 billion ($12.24 billion), a third of total imports into the Kingdom worth SR 147.4 billion ($39.3 billion).
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The Royal Embassy of Saudi Arabia, Washington, DC, USA
Throughout this four-year period, Saudi FDI represented approximately 35% of all FDI in the United States from the Middle East region. In each of these years, Saudi Arabia was the regions' single largest FDI investor in the United States. However, FDI is only a small portion of the total Saudi investments in the United States. Passive non-controlling Saudi investments in U.S. stocks, government and corporate bonds, commercial paper, bank deposits, and other securities are significantly larger than FDI.
In February 2003, total worldwide Saudi investment, including investment in the United States and Europe, was conservatively estimated at U.S. $700 billion. The United States received approximately 60% of the global Saudi investment allocation. (See exhibit #2)
Exhibit #2 Estimated Saudi Geographical Investment Allocation
(Publication: Middle East, London; February 2003 and IRmep)
There was much speculation about post September 11, 2001 Saudi geographical investment reallocation. One initial report of Saudi financial flows out of the United States estimated that $200 billion had left the United States between the autumn of 2001 and spring of 2002. The U.S. Treasury Department data on foreign portfolio movement includes Saudi Arabia in the category of "Other Asian". Treasury data revealed that between April and June of 2001, less than $1 billion had actually left the U.S. stock and bond markets. The speculation of Saudi investment flight may nonetheless contain some seeds of truth regarding the future. Several factors have already combined to make both direct and passive investments in the United States much less attractive for Saudi Arabia at a time when the United States needs it most.
Last i checked Indians arent selling any thing Arms wise they baught from israel to no one but we all no how much Americans are selling to The saudies u no the same country thats giving the stuff to israel for free.
if u dont wanna share some thing constructive please stay out.