Saudi Gazette report

WASHINGTON — US-Saudi Business Council CEO Charles Hallab stated that the visit of Saudi Crown Prince and Prime Minister Mohammed bin Salman to Washington marks a new chapter in strengthening the economic and investment partnership between Saudi Arabia and the United States, building on the historic achievements of the council over the past year.

In a statement to the Saudi Press Agency, Hallab noted that among the council's key accomplishments was facilitating around 500 high-level engagements between business leaders, policymakers, and investors from both countries.

“The council has also contributed to major agreements, including a landmark license for the University of New Haven, a $375 million industrial localization project, and a $5.8 billion partnership in the life sciences sector, drawing praise from the White House,” he said while emphasizing that the next phase will focus on cutting-edge sectors, including AI, advanced technologies, innovative energy, and high-value manufacturing, alongside quality-of-life industries like healthcare, education, tourism, and entertainment. “These areas are perfectly aligned with Saudi Vision 2030, creating vast opportunities for both Saudi and American companies,” he said.

Hallab also underscored that the visit and the accompanying economic events will further strengthen the long-term strategic partnership between the two nations, based on mutual trust and shared benefits. He reaffirmed that the council will continue to play a central role in ensuring that initiatives meet market demands and translate into meaningful business outcomes, contributing to job creation and expanding investment opportunities in the years ahead.