Princess Reema bint Bandar

Wednesday, July 22, 2026

«Al Jazeera» - Economy:

The American Chamber of Commerce launched a publication showcasing the achievements made under Saudi Vision 2030 and maximizing the American commercial impact through the contribution of more than 50 American companies, members of the chamber, in supporting the implementation of the Vision's programs and targets, by employing American expertise, technology, and investments, and strengthening trade and investment relations between the United States and the Kingdom.

Saudi News

Steve Lutes, Vice President for Middle East Affairs at the American Chamber of Commerce, said in a speech opening the publication that American companies have contributed over decades to the Kingdom's growth through investments and the transfer of technology and expertise, noting that the partnership between the two sides has expanded to include energy, manufacturing, finance, digital technologies, artificial intelligence, sports, tourism, and infrastructure.

He explained that the relationship between the two countries goes beyond trade transactions to focus on transformation and innovation, expressing the Chamber's commitment to continue strengthening trade ties that support innovation and contribute to achieving sustainable and inclusive growth for both countries, announcing work on an updated version of the report to coincide with the Future Investment Initiative (FII) conference in Riyadh.

For her part, Her Royal Highness Princess Reema bint Bandar bin Sultan bin Abdulaziz, Saudi Arabia's Ambassador to the United States, reviewed in a recorded video message the goals achieved by Saudi Vision 2030 in its tenth year, noting that non-oil activities now account for more than half of the economy.

She pointed out that the unemployment rate dropped from 12% to 6.4% in the first quarter of 2026, and the home ownership rate rose from 47% to 66%, explaining that the Kingdom received 123 million tourists last year, surpassing its target of 100 million tourists ahead of schedule.

Her Highness affirmed that American companies have been partners in the transformation journey from the start, and that the participation of more than 50 American companies in this publication reflects their contribution to building new industries, improving education and healthcare, training youth, and investing in projects, expressing her thanks to the American Chamber of Commerce.

This publication features members of the American Chamber of Commerce discussing support for implementing the programs and targets of 'Saudi Vision 2030,' showcasing companies' achievements, and defining their priorities for the next phase, amid promising opportunities in the partnership between Saudi Arabia and the United States.

The Chamber leads this effort through the U.S.-Saudi Business Program, dedicated to enhancing bilateral trade and investment relations, connecting American companies with emerging opportunities in the Kingdom, and representing its members' interests in sectors such as artificial intelligence, capital markets, defense, digital economy, energy, financial technology, healthcare, infrastructure, manufacturing, and tourism.

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