Saudi investments abroad over $750 billion

[lovuian]

Big News Network.com Sunday 14th August, 2005 (UPI)

A Saudi economic report published Sunday said Saudi investments abroad stand at over $750 billion, most of them in the United States.

The report said that 60 percent of Saudi investments were in the United States, 30 percent in European countries and 10 percent elsewhere outside the oil-rich Arab kingdom.

It added that Saudi businessmen were facing obstacles in their investments overseas, including lack of sufficient legal information and from the repercussions of the Sept. 11, 2001, terrorist attacks in New York and Washington.

Previous economic reports said Saudi investors were transferring their capital from Western to Arab countries and Saudi Arabia and that local investments in the kingdom went up by 40 percent.

more...

Can we say Saudi's own us!!!

http://feeds.bignewsnetwork.com/?sid=a50f33de14721934

[wli]

1. not really, no

It's a sizeable chunk but I think it's really only a few percent of the US economy (I think it's something like 45 trillion or thereabouts).

[TahitiNut]

3. Our GDP is currently about $12.4 trillion, with personal consumption at .

... about $8.7 trillion. The question wouldn't be so much about how their investment compare to our GDP, but how it compares to all investments in the US. I believe the current total market capitalization of all publicly-traded companies runs about $50 trillion, but I could be mistaken.

On edit: I am mistaken. The current total market capitalization of all publicly-traded companies is far more comparable to the GDP ... about $15 trillion. (It was $13.4 trillion on 7/31/2001.) That would mean that the Saudi's $750 billion is a material amount in comparison to either GDP or total market cap.

[wli]

4. if that's publicly-traded companies then I'm underestimating

Anyway, GDP is different from longer-term investments. I guess it depends on what you're looking at.

[Zorra]

2. "over $750 billion, most of them in the United States"

Bet Saudi investors and Bu*h friends really made a killing on 9/11.