U.S. President Barack Obama arrived in Saudi Arabia today. The president will hold talks with King Abdullah bin Abdul Aziz, BBC reported.
Saudi Arabian media reported that the talks will focus on international and regional issues and enhancing bilateral ties established as a result of talks between King Abdul Aziz and Franklin Roosevelt in 1945, RIA Novosti quoted.
The Unites States is the largest investor in the Saudi Arabian economy. As many as 357 Saudi-U.S. joint ventures with capital of 82 billion rial (over $22 billion) operate in Saudi Arabia, Al-Vatan newspaper reported. The volume of bilateral trade was 193.3 billion rial (over $52 billion) in 2007. Saudi export to the U.S. totals 147.4 billion rial (almost $40 billion).
Obama will leave Riyadh for Cairo where he will address the Islamic world to launch dialogue between Muslim world and the U.S.