David Solomon
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Chairman and CEO of Goldman Sachs.
Well, we're certainly excited about what's going on in Saudi Arabia and what's going on in the GCC more broadly.
I think it's a big opportunity for our business.
We've been here for a while, but we've certainly been investing and expanding.
Here in Saudi Arabia, we opened a new office this year.
We've got about 20 people on the ground here, but we're probably headed to about 60.
And the big reason for that expansion is we've recently launched the initiative of our high end private wealth business here in the region.
And so that will bring more resources, more attention and more focus.
We've been in the region for quite some time.
We've been active as a member of the title.
I think we're one of the early participants in the equity markets here.
And so we've been very, very involved in the equity markets as an international firm.
We've led some of the largest IPOs in the region.
I think you're going to continue to see an influx of capital markets transactions.
And I think that's something that certainly we want to sit in the middle of those flows.
Financing has always been core.
to Goldman Sachs strategy in any part of the world.
You mentioned our partnership with the private investment fund around private credit.
That's something we're certainly excited about too.
So when you step back and you think about the progress here in the kingdom, the need for foreign direct investment to come in to continue to allow the population here to participate more economically,