RIYADH: Saudi Arabia and the United States discussed ways to turn investment opportunities into operating projects, with a focus on joint ventures, local manufacturing and stronger supply chains.
Saudi Investment Minister Fahad Al-Saif participated virtually in an October 26 meeting of the US-Saudi Business Council, reviewing American investment in the Kingdom and opportunities across its regions and economic sectors.
The discussions covered the National Investment Strategy and measures to expand US companies’ participation in the Saudi economy, according to Al-Eqtisadiah.
US Investment Licenses Reach Approximately 530
Al-Saif said approximately 530 new US investment licenses had been issued in 2026 by the meeting date, exceeding the 371 issued throughout 2025.
He also emphasized Saudi Arabia’s commitment to hearing investors’ concerns, simplifying business procedures and lowering operating costs. Stability and continued growth remained priorities, he said.
The minister highlighted reciprocal investments and financial partnerships as foundations of the relationship, with Saudi investors continuing to deploy capital in the United States.
Aerospace and Defense Manufacturing in Focus
Aerospace and defense featured prominently in the discussions. Al-Saif outlined ambitions to expand cooperation beyond purchasing equipment toward manufacturing within Saudi Arabia and establishing strategic partnerships with American companies.
He also stressed the importance of clearer investment information to help businesses assess opportunities.
The Ministry of Investment’s approach increasingly emphasizes the effectiveness of investment, alongside attracting companies seeking access to regional markets.
Trade Relationship Provides a Foundation
The talks took place against a substantial trading relationship. Saudi-US bilateral trade totaled SR1.34 trillion, equivalent to approximately $357 billion, between 2015 and 2024, according to Saudi General Authority for Statistics figures cited by Arab News.
Saudi exports accounted for approximately $170 billion, led by oil, fertilizers and organic chemicals. Imports from the United States exceeded $187 billion, with machinery, vehicles and medical equipment among the principal categories.
The discussions centered on translating that commercial relationship into further investment activity, industrial partnerships and projects serving both countries’ economic interests.
