Saudi-US Trade cooperation is set to expand following a new agreement between the Federation of Saudi Chambers and the US Chamber of Commerce. The memorandum of understanding aims to strengthen commercial relations and create additional investment opportunities for businesses in both countries.
The organisations signed the agreement during the B20 Summit in Washington, D.C., which runs from November 9 to 11, 2026. The signing took place during a session titled “Saudi-US Innovation: From Vision to Value,” organised by the US Chamber of Commerce.
Several officials and business representatives attended the session. They included Nawaf bin Khalid Al-Issa, Deputy Chief of Mission at the Saudi Embassy in the United States. Sultan bin Mohammed Al-Musallam, Secretary-General of the Federation of Saudi Chambers, also attended alongside representatives from both chambers.
During the session, Al-Issa highlighted the longstanding economic relationship between Saudi Arabia and the United States. He explained that cooperation has gradually expanded beyond traditional industries into emerging sectors. These include artificial intelligence, digital technologies, advanced manufacturing and infrastructure.
He also connected this development with Saudi Arabia’s ongoing economic transformation under Vision 2030. The national programme seeks to diversify the economy and encourage investment across different industries. Consequently, partnerships with international businesses remain important to the Kingdom’s broader economic ambitions.
Al-Issa also highlighted the scale of Saudi investment in the American market. He stated that the Public Investment Fund has invested approximately $170 billion in the United States since 2017. Furthermore, he stressed the importance of maintaining this investment relationship and identifying opportunities in future-focused industries.
His remarks placed particular emphasis on continued cooperation between the two business communities. As technology and industrial priorities evolve, both countries have opportunities to develop new commercial partnerships. The agreement provides another platform for businesses to explore those possibilities.
Meanwhile, Al-Musallam discussed changes to Saudi Arabia’s business environment over the past decade. He highlighted the private sector’s contribution to achieving the objectives of Vision 2030. According to his remarks, the Kingdom has introduced more than 1,000 economic reforms during that period.
These reforms aim to improve business conditions, strengthen economic competitiveness and make the market more attractive to investors. Additionally, the Federation of Saudi Chambers supports international companies seeking to enter the Saudi market. Its initiatives help businesses navigate different stages of establishing and developing their operations.
The new memorandum could therefore help connect companies with potential partners and investment opportunities. Through stronger institutional cooperation, the chambers aim to encourage greater engagement between businesses in both countries. This approach also supports wider efforts to deepen Saudi-US Trade relations.
The B20 Summit provides an international platform for business leaders and economic institutions to discuss major commercial priorities. This year’s gathering in Washington focuses on economic growth, international trade, investment and innovation. The agreement adds a practical business partnership dimension to those discussions.
As the summit continues, the two chambers have established a framework for further engagement. Their cooperation reflects shared interest in expanding commercial opportunities and supporting private-sector participation. Future progress will depend on how businesses and institutions translate the agreement into concrete initiatives.
