Saudi Arabia Opens Second US Investment Office in Miami

At the Future Investment Initiative (FII) conference in Miami, Saudi Arabia announced it will open an 'Invest Saudi' office in the city, marking its second U.S. location after Washington, D.C. Saudi Minister of Investment Khalid Al-Falih emphasized that this new office aims to facilitate investment flows between the kingdom and both North and South America. Miami Mayor Francis Suarez, who has been instrumental in hosting the conference for three consecutive years, highlighted the partnership with Saudi Arabia, despite ongoing concerns regarding the kingdom's human rights record. The conference featured prominent business leaders, including Yasir Al-Rumayyan, the governor of Saudi Arabia's Public Investment Fund. Observers note this initiative comes amid U.S. Senate probes into Saudi influence in American institutions. The new office is expected to serve as a pivotal hub for both inbound and outbound investments.