Business · Trade · 1 hr ago
Saudi-US business council sets priorities to expand trade and investment
The US-Saudi Business Council reviewed plans to deepen economic ties at a board meeting attended by ministers and business leaders from both countries.
The meeting focused on expanding trade, attracting investment and strengthening business cooperation in sectors of shared interest.
Saudi officials highlighted opportunities in artificial intelligence and critical infrastructure, alongside the country’s commitments to energy security and industrial development.
Saudi Investment Minister Fahad Al-Saif said the upcoming second edition of the National Investment Strategy aims to turn investment opportunities into actual investments.
The council plans to identify barriers to trade and investment and recommend practical steps to address them.
The work matters because the council sees private-sector cooperation as important to economic growth in both countries.
It said it will continue working with government and business leaders to develop partnerships and strengthen cooperation.
The US-Saudi Business Council held a board meeting to discuss expanding trade, attracting investment and strengthening economic cooperation between the two countries.
The board reaffirmed its commitment to the strategic and economic partnership and reviewed priorities in sectors of mutual interest.
Saudi ministers and senior business leaders from both countries attended the meeting, which was co-chaired by Lubna Olayan and Jane Fraser.
The council discussed identifying barriers to trade and investment and developing practical recommendations with government and private-sector partners.
Participants highlighted opportunities in artificial intelligence, critical infrastructure and the forthcoming second edition of Saudi Arabia’s National Investment Strategy.
- Who
- The US-Saudi Business Council, Saudi ministers and senior business leaders from Saudi Arabia and the US.
- What
- The council’s board reviewed priorities for expanding trade, attracting investment and strengthening economic cooperation.
- When
- Not stated
- Where
- Not stated
- Why
- To deepen economic ties, address barriers to trade and investment, and develop opportunities for cooperation.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Meeting
- US-Saudi Business Council board meeting
- Co-chairs
- Lubna Olayan and Jane Fraser
- Investment strategy
- Forthcoming second edition of Saudi Arabia’s National Investment Strategy
- Priority opportunities
- Artificial intelligence and critical infrastructure
- Council established
- 1993
3 sources
What people are saying
the business community remained focused on future opportunities despite the challenges facing the region
the meeting reflected the commitment of business leaders in both countries to working together to support economic growth and expand opportunities
translating confidence in the partnership into practical action to address obstacles, open up new areas for business and investment, and serve shared economic interests