Riyadh: Saudi-US Business Council CEO Charles Hallab has highlighted the current visit of US President Donald Trump to Saudi Arabia as a reflection of the firm and enduring relationship between the two countries.
According to Saudi Press Agency, Hallab stated that the visit marks a significant milestone in a strategic partnership that has spanned over 90 years, characterized by mutual respect, shared interests, and strong ties across political, economic, and security domains.
He noted that the next phase of cooperation offers promising opportunities in key sectors such as technology, innovation, and human capital development-particularly in emerging fields like artificial intelligence, digital infrastructure, advanced manufacturing, and clean energy.
Hallab emphasized that such partnerships will also complement joint initiatives in educational excellence, skills transfer, workforce development, and the promotion of knowledge and innovation exchange.
He pointed to the strength of commercial relations between the two countries, noting that bilateral trade reached nearly $32 billion in 2024. This included prominent sectors such as machinery, vehicles, pharmaceuticals, chemicals, and fertilizers-highlighting the breadth and diversification of Saudi-US trade ties. The United States remains one of the Kingdom's most important trading partners, he affirmed.
Hallab added that through the Public Investment Fund, Saudi investments in the United States have expanded significantly in strategic sectors such as technology, manufacturing, logistics, and renewable energy. These investments contribute to job creation, innovation, and the strengthening of supply chains, supporting sustainable growth in both nations.
Hallab affirmed that these joint initiatives are aligned with the goals of Saudi Vision 2030, which seeks to diversify the Kingdom's economy and expand its global engagement. He reiterated the council's commitment to continuing its vital role in deepening the Saudi-US economic partnership, fostering constructive dialogue, and creating an environment conducive to further joint successes.