Minister of Commerce Discusses Future Prospects with Business Leaders in US

Riyadh: Minister of Commerce and Chairman of the Board of Directors of the National Competitiveness Center (NCC) Dr. Majid bin Abdullah Al-Qasabi has underscored the robust trade relations between Saudi Arabia and the US at a meeting he had in Washington with leaders from the US Chamber of Commerce and prominent US companies. Al-Qasabi highlighted the progress achieved so far in implementing Saudi Vision 2030, and the changes in the Kingdom's economy, which have led to the emergence of various new sectors and favorable business prospects. Also discussed was cooperation between the chambers of commerce of the two countries, with particular emphasis on the exchange of best practices to further improve the business climate in Saudi Arabia and attract American companies. Saudi Ambassador to the US Princess Reema bint Bandar bin Sultan bin Abdulaziz attended the meeting. Senior Vice President for Middle East and Turkiye Affairs at the US Chamber of Commerce Khush Choksy, and Vice President of Middle East Affair s at the US Chamber of Commerce Steve Lutes were also present. Earlier, Al-Qasabi and his delegation visited Georgetown University where they were briefed on the university's cooperation programs and the latest research in areas such as entrepreneurship, corporate governance and compliance, trade policy analysis, international trade law, economic development, and applications of artificial intelligence and machine learning. The visit also provided insight into how to address challenges and leverage emerging opportunities in these fields. Al-Qasabi also held separate meetings with Stefan Umiastowski, senior vice president of Ecolab, a global leader in water, hygiene, and energy solutions, and Stuart Jones, president for Regions and Corporate Relations at Bechtel, one of the world's largest engineering, procurement, construction, and project management companies. Source: Saudi Press Agency