The Custodian of the Two Holy Mosques King Salman bin Abdulaziz delivered the keynote address last night at the U.S.-Saudi Investment Forum Dinner hosted by the US-Saudi Business Council in Washington.

Addressing the attendance, King Salman said the foundation of the Saudi-US relationship was set by the late King Abdulaziz and President Franklin D. Roosevelt and that the Kingdom and the US “have worked together, side by side, over the past 70 years to counter all the challenges that threaten the security and stability in the region, and to promote the march of bilateral cooperation for the benefit of the two friendly countries and the upholding of global economic growth.”

King Salman said that he has issued a directives to the Ministry of Commerce and Industry and the Saudi Arabian General Investment Authority (SAGIA) to review trade and investment regulations to provide incentives, “including direct work in the Saudi markets for those companies which wish to invest in the Kingdom, and their offers may include manufacturing or investment plans within specific time programs and the transfer of technology as well as the employment and training programs for Saudi citizens, and to achieve the common interests of both sides.”