President Donald Trump’s visit to Saudi Arabia in May “heralded a new era” in economic growth between the United States and its longtime ally, according to the head of the U.S.-Saudi Arabian Business Council.
Edward Burton, the president and chief executive of USSABC, which promotes bilateral investment between the United States and Saudi Arabia, said Trump’s visit “hit the reset button” between the two countries after more than a decade of strained relations.
“Certainly from a business perspective, it’s loud and clear the present administration respects the potency of Saudi capital invested in the U.S. and vice versa,” Burton told the Washington Free Beacon. “The Trump administration made clear it does not look at the Saudi market through its corporate community strictly through the lens of oil and weapons. It wants, and is encouraging, a broad-based engagement between American companies and Saudi companies.”
Burton, who served as commercial attaché at the U.S. embassy in Riyadh between 2003 and 2006, said the U.S.-Saudi business environment today is like “night and day” compared to ten years ago, when Americans were reeling from a series of Saudi-borne terrorist incidents, including the 2004 attack on the U.S. Consulate General in Jeddah.