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United States Must Not Neglect Saudi Investment
Long economic piece on the Saudi-American Forum. EFL:Saudi Arabians have allocated an estimated 60% of their global investments to the United States through passive and direct investments. This commitment has enabled the United States to finance an ongoing trade deficit and produce new economic growth opportunities. Saudi "investments" have sure helped the defense sector. Objections and barriers to Saudi investment in the United States are on the rise. Although most are baseless and even discriminatory, their impact could be multiplied in the current market environment. Promotion agencies across the globe are maneuvering to attract and keep foreign investment. The Kingdomâs own market climate has opened and become highly attractive for Saudi investors. America must eliminate growing impediments to Saudi and other foreign investment in the United States in order to remain competitive. Blah - blah - Be nice or weâll take our money elseware - Blah - blah - snipped. 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. Thatâs 60% of all overseas Saudi investment, right where we can seize it, if and when we want to. Posted by: Steve 2003-12-09 |
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