with Revenues to Exceed $22 billion and 6,000 jobs by 2030
On the sidelines of the historic visit to the United States of America by the Kingdom of Saudi Arabia's Crown Prince, His Royal Highness Prince Mohammad bin Salman, the Economic Club of New York hosted, on Thursday, March 29, 2018, Their Excellencies Dr. Majed Al Qasabi, Minister of Commerce and Investment; Eng. Khalid Al Falih, Minister of Energy, Industry and Mineral Resources; and Mr. Mohammed Al Jadaan, Minister of Finance for a panel discussion on new economic opportunities in the Kingdom.
His Royal Highness Crown Prince Mohammed bin Salman met with the representatives of the five permanent members of the United Nations Security Council in New York City. The Crown Prince met with United States Ambassador Nikki Haley, French Ambassador François Delattre, Chinese Ambassador Ma Zhaoxu, Russian Ambassador Vasily Nebenzya, and the United Kingdom’s Deputy Permanent Representative Ambassador Jonathan Allen.
On Wednesday March 28, 2018, The Saudi Stock Exchange (Tadawul) was pleased to highlight the announcement by FTSE Russel noting that Tadawul will be classified as a “Secondary Emerging” market in the FTSE Global Equity Index Series, moving up from its previous status as “Unclassified”. This decision followed a series of market enhancements introduced by Tadawul and the Capital Market Authority (CMA) over the past two years. These developments have fulfilled market quality criteria set by the FTSE Russell that are requisite to classify a market as Emerging.
During His Royal Highness' visit to New York City, His Royal Highness Crown Prince Mohammed bin Salman separately held meetings with James P. Gorman, CEO of Morgan Stanley Bank, and Jamie Dimon, Chairman and CEO of J.P. Morgan Chase Bank. The meetings provided a chance to have an open exchange of ideas. They provided a look into the kind of services provided by each bank in the Kingdom and what is possible in terms of further opportunities for cooperation, as well as developing better strategic partnerships.
His Royal Highness Crown Prince Mohammed bin Salman met with the 42nd President of United States of America William ‘Bill’ Clinton on Wednesday March 28, 2018, in New York City. The meeting was attended by His Royal Highness Ambassador Prince Khalid bin Salman, the Ambassador of the Kingdom of Saudi Arabia to the United States of America. The meeting highlighted longstanding history between both countries and reflected the friendship that exists between Saudi Arabia and the United States.
His Royal Highness Crown Prince Mohammed bin Salman met with former United States Secretary of State, Secretary John Kerry yesterday in New York City. During the meeting, His Royal Highness had a friendly and candid exchange with the former Secretary of State, where the discussion included many topics, ranging from reforms and changes in the Kingdom of Saudi Arabia to regional developments. The meeting was also attended by the Kingdom of Saudi Arabia’s Ambassador to the United States of America, His Royal Highness Ambassador Prince Khalid bin Salman.
During his stop in New York City, His Royal Highness Crown Prince Mohammed bin Salman met with Mr. Terry J. Lundgren, Chairman of the Economic Club of New York, and other members of the Economic Club. The meeting was also attended by the Kingdom of Saudi Arabia’s Ambassador to the United States of America, His Royal Highness Prince Khalid bin Salman, and other members of His Royal Highness’ the Crown Prince’s visiting delegation.
On Monday, March 26, His Royal Highness Crown Prince Mohammed bin Salman attended the closing dinner held at the conclusion of the 2018 Saudi-U.S. CEO Forum, which was attended by over 200 Chief Executive Officers from Saudi Arabian and American companies. The dinner celebrated a successful forum, which brought together leadership from both countries; created a platform for dialogue; and resulted in the signing of 36 MOUs totaling more than $20 billion. Such gatherings are a testament to the long-standing Saudi-U.S. partnership, in addition to exemplifying its breadth and depth.
In line with continuing cross-cultural and inter-religious dialogue, His Royal Highness Crown Prince Mohammed bin Salman met with The Most Reverend Bernardito Cleopas Auza, Permanent Observer of the Holy See to the United Nations, Bishop James Massa, Auxiliary Bishop of the Diocese of Brooklyn, Rabbi Steven Wernick, CEO of USCJ, Rabbi Richard “Rick” Jacobs, President of the Union for Reform Judaism, and Mr. Allen Fagin, Executive Vice President of the Orthodox Union.