Retired US ambassador: Saudi shaping global investment

Watch Retired US ambassador: Saudi shaping global investment - AlArabiya English on Dailymotion

Transcript

00:00As I said, these are the most powerful businessmen, arguably, in the world.

00:06How will this be viewed by global business leaders?

00:11What will the take on this be?

00:14I think it's a signal to global business leaders that Saudi Arabia has arrived.

00:20It is a player on the global stage.

00:22I mentioned before it's a regional power, but it's much more.

00:25I mean, it's trying to help the peace process.

00:29Russia's invasion of Ukraine, and we all know that meetings were held in Riyadh recently.

00:34But beyond that, Saudi Arabia is not simply a source of investment money.

00:40As the cliche goes, it's not an ATM.

00:42It is an actor.

00:43It is an actor that is shaping global investment on this most advanced area of technology

00:50and is leading the way with the modernization and transformation of its own economy.

00:55So, you know, Saudi Arabia is leading by example.

00:59And by the way, you know, so is UAE, and President Trump will be talking about that in his next stop,

01:04and he alluded to that also.

01:05But the sheer magnitude of the investments that Saudi Arabia can make

01:09and the way it's choosing to do so in these highest levels of technologies,

01:14again, it's a signal to the world that Saudi Arabia has become a different type of partner.

01:18That's exactly right.