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Mohammed Bin Salman Meets with Leading Financial and Technological Companies | ASHARQ AL-AWSAT English Archive 2005 -2017
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An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. Reuters

Washington-The Saudi Deputy Crown Prince continued his meetings on Friday by holding talks with leading technological and financial companies as part of his historic trip to the United States.

Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense met on Friday morning with Apple chief Tim Cook in the city of New York.

Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi revealed that extensive discussions are currently held with the Apple Company ahead of announcing its entrance in the Saudi market. The Saudi side had presented all information and details needed for investing at the technological level in the Kingdom.

Saudi sources also said that the meetings between the Deputy Crown Prince and representatives from U.S. companies tackled Saudi Vision 2030 and the role that these firms could play to help implement this vision and therefore, develop the technological performance of both the Saudi public and private sectors.

Prince Mohammed aims at improving the level of investment in the Kingdom, and therefore attract more giant companies in the framework of Vision 2030.

In this regard, the Deputy Crown Prince had met with CEOs of each of Microsoft and Facebook, in addition to other giant technological companies.

The decision of the online transportation company, Uber, to enter the Saudi market had lifted the aspirations of several U.S. companies to engage in the Kingdom. Saudi Arabia had previously announced it was investing $3.5 billion in Uber.

Consequently, chiefs of Apple, Alphabet, Google and Toyota Motors had expressed their interest in the investment opportunities that Saudi Arabia could offer.