Saudi-American Business Council Outlines Investment Priorities in Washington

The Saudi-American Business Council held a board meeting in Washington, with attendees reaffirming their commitment to deepening economic partnership between the two nations, according to a council statement.

The meeting was attended by Minister of Energy, Industry and Mineral Resources Prince Abdulaziz bin Salman and Minister of Investment Fahad Al-Saif, alongside senior business leaders from both countries. The session was chaired by the council's co-chairs Lubna Olayan and Jane Fraser.

Prince Abdulaziz bin Salman emphasized the kingdom's commitment to energy security and industrial development, highlighting emerging opportunities in artificial intelligence and critical infrastructure, while stressing the strength of the partnership between Saudi and American private sectors.

Investment Minister Fahad Al-Saif reviewed key features of the second version of the National Investment Strategy, explaining that it aims to shift from promoting investment to converting opportunities into actual investments, thereby accelerating economic growth.

Lubna Olayan stated that the business community remains focused on future opportunities despite regional challenges, recalling the long history of trade partnership between the two nations and the potential it offers for deepening ties. She added that enhancing communication between senior executives will open new horizons for investment and innovation.

Jane Fraser noted that the meeting reflects the commitment of business leaders in both countries to working together to expand economic growth opportunities, emphasizing the council's role in stimulating investment and supporting mutual prosperity.

Council CEO Charles Halbe explained that the experience of board members reflects the importance of Saudi-American economic relations and the scale of available opportunities, stressing that the council will translate confidence in the partnership into practical steps that remove obstacles and open new avenues for business and investment.

The council was established in 1993 through a Saudi royal decree and an American executive order.