Business · Companies · 4 hrs ago
Saudi and US business groups sign pact to boost trade and investment
Saudi and US business organizations signed a cooperation pact in Washington to strengthen trade and investment ties.
The accounts name different US signatories: the US-Saudi Business Council in one, and the US Chamber of Commerce in the other.
The pact aims to connect companies, support investment and address market barriers in both countries.
It also includes business visits, company meetings and help for Saudi exports to the US.
Saudi officials said the Public Investment Fund’s US investment activities totaled about $170 billion since 2017, underscoring the scale of the investment relationship.
A joint team will oversee the pact and meet every three months to set priorities and review progress.
The US-Saudi Business Council and the Federation of Saudi Chambers signed a memorandum of understanding to strengthen business ties between Saudi Arabia and the United States.
The agreement sets out cooperation on trade visits, investment opportunities, market information and addressing barriers faced by companies.
A joint working group will oversee implementation and prepare an action plan, with senior representatives meeting every three months.
The memorandum also covers support for Saudi exports to the US and efforts to attract and facilitate US investment in Saudi Arabia.
A separate report describes another memorandum signed by the Federation of Saudi Chambers and the US Chamber of Commerce at a Washington business summit.
- Who
- The US-Saudi Business Council and the Federation of Saudi Chambers.
- What
- They signed a memorandum of understanding to strengthen business ties and cooperation. A separate report says the Federation and the US Chamber of Commerce also signed a memorandum.
- When
- The first agreement was reported on November 12, 2026. The other report says its agreement was signed the day before publication, November 10, 2026.
- Where
- Washington, D.C., United States.
- Why
- To strengthen trade and investment ties, develop business opportunities and address challenges facing companies in both markets.
This story does not have two clearly opposing sides.
The Saudi-US Business Council was established through a Saudi Royal Decree and a US Executive Order.
The Federation of Saudi Chambers and the US Chamber of Commerce signed a memorandum at a business summit in Washington, according to Al Madina.
The US-Saudi Business Council and the Federation of Saudi Chambers signed their memorandum in Washington, according to the reports published that day.
- Signatories
- US-Saudi Business Council and Federation of Saudi Chambers
- Signing location
- Washington, D.C.
- Implementation review
- Senior representatives will meet every three months
- Council signatories
- Charles Hallab and Sultan Al-Musallam
- Related investment figure
- $170 billion in Public Investment Fund investment activity in the United States since 2017, reported by Al Madina
3 sources
What people are saying
This agreement allows the Council and the Federation to bring companies together, work towards common goals, and strengthen trade relations between our two countries.
The agreement allows the Council and the Federation to bring companies together and work towards common goals, strengthening trade relations between our countries, and we look forward to continuing to develop the partnership.