Saudi-American Business Forum in Washington discusses expanding collaboration and promising opportunities

16 Jun 2022


The Minister of Commerce, Dr. Majid Abdullah Al-Qasabi, emphasized the deep trade ties between the two friendly nations, noting that the Kingdom's economy has undergone a major transformation since the launch of the Vision 2030 in 2016 that has opened up numerous new sectors and promising opportunities for the businesses. 

Dr. Al-Qasabi led a high-level Saudi delegation at the American Chamber of Commerce forum in Washington recently in the presence of Her Royal Highness Princess Reema bint Bandar bin Sultan bin Abdulaziz, Ambassador of the Custodian of the Two Holy Mosques to the USA. He explained that the reforms seen in the Kingdom today are the result of the Vision 2030 launched by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, 

Al-Qasabi pointed out that, "Despite the numerous obstacles that the world faces today, including epidemics, climate change, global crises, and food security, we are still able to realize this vision because of His Highness's ongoing support. I invite everyone here to visit the Kingdom to see the promising opportunities across all sectors.” 

About 180 business leaders from Saudi Arabia and the United States participated in the forum. 

Eman bint Habbas Al-Mutairi, Deputy Minister of Commerce and CEO of the National Competitiveness Center, explained the most important reforms carried out to increase the Kingdom's competitiveness as well as promising opportunities.

The delegation's second day included working sessions and panel discussions with the US business community, in which a number of Saudi entrepreneurs as well as large, medium, and small enterprises from Saudi Arabia participated.

Working sessions on four main themes were held during the forum tackling business support and entrepreneurship, sustainability, digital economy and innovation, e-commerce and logistics. Discussion sessions then focused on the sharing of opportunities between Saudi companies and their American counterparts, facilitating business, offering an appealing working environment, and improving supply chains.

Al-Qasabi met with a number of executive leaders from big American companies outside of the forum to discuss expanding opportunities for collaboration and partnership.

The delegation included Dr. Saad Othman Al-Qasabi, Governor of the Saudi Standards, Metrology, and Quality Organization, and Dr. Abdulaziz Mohammed Al-Swailem, CEO of the Saudi Authority for Intellectual Property, in addition to leaders from the Ministry of Energy, the Ministry of Environment, Water and Agriculture, the Ministry of Investment, the Small and Medium Enterprises General Authority (Monshaat), the Saudi Data and Artificial Intelligence Authority (Sedaya), the General Authority for Foreign Trade, and the National Competitiveness Center.

Participants in the event included representatives from the Federation of Saudi Chambers, the Saudi-American Business Council, Saudi Aramco, SABIC, Ma'aden, Saudi Telecommunications (STC), the Saudi Recycling Investment Company ("SIRC"), SABB Bank, the Saudi Investment Bank, Alsalam Aerospace Industries, Advanced Electronics, Alwalan Trading, Naqel, as well as a number of Saudi businesses specializing in e-commerce, data analysis, and artificial intelligence. 

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Last Modified 26 Jun 2022