WRE News: Saudi Arabia Expands U.S. Presence with New Miami Investment Office

Miami, FL – February 23, 2025 – Saudi Arabia is making a bold move by choosing Miami as the site of its second U.S. investment office.

The kingdom’s Minister of Investment, Khalid Bin Abdulaziz Al-Falih, announced that Miami will serve not only as a hub for U.S. investments but also as a gateway to South America.

The decision aligns with the city’s growing status as a financial center, attracting firms like Citadel, Goldman Sachs, and D1 Capital Partners. Saudi officials see Miami as a key link to international business, particularly in finance and technology.

Despite Crown Prince Mohammed Bin Salman’s pledge to invest $600 billion in the U.S. over four years, challenges remain. Saudi Arabia faces a budget deficit, and its foreign investment ambitions may clash with its “Saudi First” strategy aimed at diversifying its own economy.