BURAIDAH: The visit to the United States by Deputy Crown Prince Mohammed bin Salman will boost the nation on the political, economic, cultural and military fronts, according to several experts.

Ziyad Al-Msheqih, undersecretary of the Al-Qasim Chamber of Commerce and Industry, said the tours abroad over the past two months would increase the volume of trade, which stood in 2014 at SR247 billion, a local publication reported recently. A crucial part of his visits was to highlight the plans of the government under Vision 2030 and the National Transformation Program 2020 to people in academia, politics and business, he said.

There was considerable focus on partnerships and joint investment, particularly after the Kingdom announced that the Public Investment Fund had invested $3.5 billion in the Uber transport services application. Many US companies expressed their desire to invest in Saudi Arabia’s electronic industries, renewable energy, retail and other sectors.

Abeid Al-Mutairi, dean of the College of Economics at Al-Qasim University, said the visits confirmed the government’s commitment to global partnerships, which would ensure mutual and sustainable development, including massive job creation for all parties involved.

Al-Mutairi said that a positive outcome was the launch of a college to develop Saudi business leaders and entrepreneurs to be based at King Abdullah Economic City in Riyadh. This refers to the Prince Mohammad bin Salman College for Management and Entrepreneurship, which is a partnership between the economic city, Mohammad bin Salman bin Abdulaziz Foundation (MISK), Global Babson College and Lockheed Martin Saudi Arabia.