https://arab.news/mcprz
RIYADH: Trade relations between Saudi Arabia and the US are set to further prosper after a senior official from the Kingdom met with prominent business leaders.
Minister of Commerce Majid bin Abdullah Al-Qasabi held talks with representatives from the US Chamber of Commerce and prominent American companies in Washington, in which the robust economic connections between the two countries were highlighted.
Speaking to participants of the meeting, Al-Qasabi, who also serves as chairman of the board of directors of the National Competitiveness Center, highlighted the progress made so far in the Kingdom’s journey to achieve its ambitious plan for 2030, as reported by the Saudi Press Agency.
Al-Qasabi noted the transformations within the Saudi economy have spurred the emergence of new sectors and promising business opportunities.
Furthermore, discussions during the meeting tackled ways to enhance cooperation between the chambers of commerce of both countries, mainly through the exchange of best practices aimed at improving the Kingdom’s business environment and attracting US companies.
Saudi Ambassador to the US Princess Reema bint Bandar was also present at the meeting, alongside Khush Choksy, senior vice president for Middle East and Turkiye affairs at the US Chamber of Commerce, and Steve Lutes, vice president of Middle East affairs at the US chamber.
Al-Qasabi and his delegation also visited Georgetown University, where they were briefed on the institution’s collaboration programs and the latest research in areas such as entrepreneurship, corporate governance, and compliance.
The Saudi delegation also received briefings on the university’s trade policy analysis, international trade law, and economic development, as well as applications of artificial intelligence and machine learning.
Additionally, the visit provided insight into how to address challenges and leverage emerging opportunities in these fields, according to SPA.
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.