US-Saudi Business Council discusses expanding trade and investment ties
The US-Saudi Business Council remains committed to supporting Washington's economic relationship with Riyadh by expanding trade and investment, the American Embassy in Riyadh said on Monday. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman reaffirmed the kingdom's commitment to energy security and industrial development at a meeting of the council's board of directors in the US capital…
The US-Saudi Business Council met in Washington on Monday to discuss strengthening trade and investment ties between the United States and Saudi Arabia, the American Embassy in Riyadh announced. Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, emphasized during the meeting the kingdom's dedication to energy security and industrial growth, highlighting emerging possibilities in artificial intelligence and critical infrastructure.
The council's leadership, co-chaired by Lubna bint Suliman Olayan and Citi CEO Jane Fraser, reiterated their commitment to fortifying strategic and economic cooperation. Saudi Arabia has pledged to invest $1 trillion in the US, as part of its broader investment strategy. This council meeting occurs as Iran's ongoing war and Houthi-backed attacks contribute to financial strain on Saudi Arabia due to reduced oil revenue.
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Also reported by 2 other outlets
- US-Saudi Business Council discusses expanding trade and investment ties thenationalnews.com
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