“For the most part, I do not see U.S. companies actively avoiding Saudi Arabia due to recent political tensions. U.S. companies will be an important partner to Saudi’s investment and growth plans, in traditional sectors, but also in ‘newer’ fields including tourism, entertainment, EV production, technology and a nascent local defence industry.”
Adel Hamaizia, managing director at Highbridge Advisory and a visiting fellow at Harvard University. [Reuters]