The Saudi Arabian General Investment Authority (Sagia) and the US-Saudi Business Council will host a forum in Washington, DC on Friday to highlight investment opportunities in the Kingdom, a report said.

The US-Saudi Investment Forum, held in collaboration with the Council of Saudi Chambers (CSC), will be held on the sidelines of the visit of Saudi Arabian King Salman to the US beginning Thursday, added the Arab News report.

“This forum comes well in time after the Saudi government recently announced strategic spending and development initiatives worth hundreds of billions of dollars over the next 10 years,” said Abdullatif Al-Othman, governor of Sagia was quoted as saying in the report.

Al-Othman said that the forum would run alongside an “Invest Saudi” exhibition, featuring a number of Saudi public and private sector organization to showcase opportunities in the health, transport, ICT and mining sectors.

The event will also seek to increase the volume of trade exchange, the report said.