David Solomon

the changes that are coming from the investment that the kingdom's making in infrastructure and the local economy here.

We think it's a great opportunity for Goldman Sachs to continue to partner with the kingdom.

I think there's great opportunity.

I think it's one of the things that the Crown Prince is very focused on is how do you look at when you think about

the exports particularly of energy here, how do you create a more localized economy?

And so I do see signs of an increase in that activity, particularly around things like tourism and investment in infrastructure that can support tourism, but also in certain manufacturing areas.

And I do think one of the things that's interesting is AI and the ability for there to be AI infrastructure here that can be used and can be exported to different places in the region and around the world.

We have a partnership with Kuwait.

And we've actually been in Kuwait and have done business in Kuwait going back to the 1970s.

So it's a long-term partnership.

What I think is interesting about what's going on in Kuwait at the moment is there's a real effort after a period of time following the war in the 1990s where they really did not

put the capital into the infrastructure and growth locally, and they had a legislative branch that was stopping progress.

The Emir now is taking action to really spur significant investment, significant growth, and we're very proud to partner with the leadership there in helping them think through strategically how to expand that growth.

I think it helps enormously.

And, you know, the world changes and there's lots of technology and there's lots of flexibility, but showing up matters.

You don't have to look much farther than outside of us here today.

There are an awful lot of people from all over the world that have shown up here because they want to build relationships, partnerships, they want to participate.

And so whether it's here in this region or you can go back to the United States, you know, why do we have localized offices all across the country in the United States?

Because

In those communities, people want presence.