![A bank in Saudi Arabia [Argaam Plus/Twitter]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2017/11/saudi0bankDM0KX88UQAAGgIm.jpg?fit=920%2C613&ssl=1)
The number of US businesses operating in Saudi Arabia reached 462 in December with a total investment if more than 56.7 billion Saudi riyals ($15.1 billion), the Saudi General Investment Authority (SAGA) revealed yesterday.
The authority’s announcement came on the sidelines of a visit by a US delegation to the Saudi capital Riyadh, which included a number of the largest multi-sectoral American companies.
According to official data, the industrial sector holds most US investments in the Kingdom amounting to 44.2 billion Saudi riyals ($11.8 billion), which represents 78 per cent of the total American investments in Saudi Arabia.
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