Oil and cash are Saudi Arabia's two biggest exports. Now at a time when global coffers are strapped, the Kingdom is going on a spending spree, putting $400 billion dollars to work.
Saudi Arabia's domestic development efforts could provide a much-needed financial boost to firms outside of the Kingdom, according to the Governor of Saudi Arabia General Investment Authority H.E. Amr al-Dabbagh. That's why al-Dabbagh is visiting the U.S. this week to meet with the chief executives of American firms who may be interested in bidding for some of that sizeable payout.
If you run a power plant, water desalinization, education or healthcare business, Saudi Arabia wants you. Among other infrastructure investments, Al-Dabbagh says that the Kingdom plans to spend $120 billion on enhancing the its power capacity and another $50 billion on water desalinization.