Saudi Ambassador to the US Prince Turki Al-Faisal highlighted Saudi economic growth in remarks at a meeting with local dignitaries in Iowa last night. Prince Turki is currently in Iowa as part of his outreach tour of the United States.
He highlighted the Kingdom’s efforts to encourage development in banking, information technology, industry as well as investment projects that generate employment opportunities, such as the King Abdullah Economic City in Rabigh.
Prince Turki described the Saudi economy as the largest and fastest-growing in the region. “The Saudi capital market is also among the largest new financial markets in the world. In the field of technical development, the use of the Internet in the Kingdom increased by 1000% during the last five years,” he said.
The ambassador also noted the importance of further developing Saudi-US commercial ties, and stressed that the economic partnership between the two nations could be the cornerstone in efforts to achieve peace in the region.
During his visit to Iowa yesterday, Prince Turki performed Friday prayers with members of the Muslim community of Cedar Rapids and attended a luncheon held by them in his honor. He also visited the offices of agricultural equipment giant John Deere and aerospace company Rockwell Collins.
On Thursday, Prince Turki opened a Saudi cultural exhibit at the University of Northern Iowa in Cedar Falls.