Bloomberg Talks Goldman Sachs CEO Talks Saudi Arabia and US Economy
Oct 28, 2025
David Solomon, Chairman and CEO of Goldman Sachs, dives into the bank's ambitious expansion in Saudi Arabia, discussing new offices and private wealth initiatives. He shares insights on the shifting landscape for foreign investment, emphasizing local opportunities in tourism and AI. Solomon reflects on the U.S. economy, asserting a nuanced take on the K-shaped recovery and ongoing inflation pressures. He also explores the role of AI in enhancing efficiency, while reassuring that essential skills remain vital despite technological advancements.
AI Snips
Chapters
Transcript
Episode notes
Doubling Down On Saudi Presence
- David Solomon describes Goldman's long presence and recent physical expansion in Saudi Arabia with a new office and hiring plans.
- He links the expansion to launching a high-end private wealth business to serve local capital and transactions.
Financing Remains Central To Strategy
- Solomon frames financing as core to Goldman and sees capital markets activity increasing in the kingdom.
- He expects Goldman to position itself in the middle of those capital flows as the market deepens.
Longstanding Kuwait Partnership
- Solomon recounts Goldman's decades-long presence in Kuwait and recent renewed local engagement.
- He credits Kuwait's leadership for pushing investment to spur infrastructure and growth where it had lagged.