Saudi Arabia’s Cloud Computing Regulatory Environment Highlighted by CITC in New Study
The Saudi Communications and Information Technology Commission (CITC) has published a new in-depth study comparing…
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David King Reflects on SABCO’s Successful History in the Kingdom and Current/Future Objectives for the Market
In part II of Bechtel’s Member Highlight, the Council spoke with David King, President of…
Water in Saudi Arabia: Desalination, Wastewater, and Privatization
Importance & Demand Saudi Arabia is the largest country in the world without running surface…
Saudi Arabia Releases 2021 Budget Plan
Facing the dual threat of the COVID-19 pandemic’s economic effects and state of the oil…
ExxonMobil Announces Emission Reduction Plans; Expects to Meet 2020 Goals
U.S.-Saudi Business Council Chairman's Circle member Exxon Mobil Corporation, announced today it plans further reductions…
75 Years of U.S. and Saudi Partnership
The U.S.-Saudi Business Council (USSBC) is pleased to be featured on the Group of Nations…
Ambassador Justin Siberell, Bechtel’s Newly Appointed President of Europe and the Middle East Region, to Continue Legacy of Success in the Kingdom
For over 75 years, U.S.-Saudi Business Council (USSBC) Chairman’s Circle member, Bechtel Corporation, has partnered…
Saudi Aramco’s Industry 4.0 Webinar with the USSBC
In partnership with Aramco Americas, the U.S.-Saudi Business Council (USSBC) hosted a webinar on October…
Concluding B20 Saudi Arabia’s Two-Day Virtual Summit
Under the theme “Transforming for Inclusive Growth,” B20 Saudi Arabia concluded its two-day summit with…
B20 Final Recommendations to G20, Part 3 of 3: Shaping New Frontiers
On October 5th, the B20 released their final recommendations to the G20 as prepared by…
Business Council Signs MOU with Saudi Export Development Authority
On October 19, 2020, the U.S.-Saudi Business Council (USSBC) signed a collaborative agreement with Saudi…
B20 Final Recommendations to G20, Part 2 of 3: Safeguarding the Planet
On October 5th, the B20 released their final recommendations to the G20 as prepared by…
B20 Final Recommendations to G20, Part 1 of 3: Empowering People
On October 5th, the B20 released their final recommendations to the G20 as prepared by…
Maine and Saudi Arabia: Growing trade and trust
It was near the end of World War II when my grandfather, President Franklin Delano…
A New Look towards Tourism, Culture, and Entertainment in Saudi Arabia
In 2016, Saudi Arabia announced its vision to reduce the dependence of its economy on…
Economic Brief: H1 2020 Budget Update
Overview The COVID-19 global pandemic has forced governments to grapple with significant social and economic…
Member Highlights – Chairman’s Circle Members Air Products and Chemicals and NEOM
On July 7, 2020, Air Products, ACWA Power, and NEOM announced the signing of an…
Overview: Saudi Arabia Startup Ecosystem
Saudi Arabia’s startup ecosystem has witnessed major growth in recent years, driven by greater foreign…
Virtual Discussion with Al Dhabaan & Partners regarding legal considerations for the evolving defense sector in Saudi Arabia
The U.S.-Saudi Business Council, in collaboration with our platinum member Al Dhabaan & Partners in…
Webinar on Renewable Energy Opportunities in Saudi Arabia
The U.S.-Saudi Business Council, in collaboration with Ministry of Industry hosted a webinar with Dr…
Economic Impact of VAT Increase
Overview Saudi Arabia’s dual shock of the coronavirus pandemic and a crash in oil prices…
Transitional Provisions Guidelines of VAT Rate Increase to 15%
On July 1, 2020 Saudi Arabia will begin to implement the new value added tax…
Foreign Investment into Saudi Arabia Up 7% to $4.6 Billion
According to the annual report by the UN Conference on Trade and Development (UNCTAD), foreign…
USSBC Contract Awards Index First Quarter 2020
Highlights The total value of awarded contracts reached SAR45.2 billion ($12 billion) during the first…
Saudi Cabinet Issues New Mining Law to Boost Foreign Investment
The Saudi Cabinet approved a new mining investment regulation that intends to facilitate foreign investment…
USSBC Economic Brief: B20:Initiative to Address COVID-19 Impact
Overview The global pandemic of COVID-19 represents an unprecedented challenge for governments and businesses. The…
Virtual Discussion with SAMI Emphasizes Opportunities for Military Industry Localization in Saudi Arabia
The U.S.-Saudi Business Council, in partnership with the U.S. Commercial Service in Riyadh and the…
What You Need to Know: Saudi Arabia’s Reopening as Part of the Government’s Coronavirus Strategy
UPDATE: Saudi Arabia’s Ministry of Interior announced on June 5, 2020 a series of restrictions…
Council Announces New Virtual Service to Help You Find Your Business Partner
Are you looking to expand your business overseas? If you are a U.S. company seeking…
Saudi Arabia’s Public Investment Fund Buys Significant Stakes in U.S. Companies
Saudi Arabia’s $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi…
Saudi Arabia Introduces New Opportunities in Sports and Athletics
The sports and recreation industry in Saudi Arabia is opening significant investment opportunities as the…
Saudi Arabia Announces 19% Increase in Foreign Investment Licenses in Q1 2020
Continuing the momentum that was witnessed in 2019, the number of foreign investment licenses in…
USSBC, B20 Lead Virtual Town Hall on B20 Saudi Arabia’s Initiative to Address COVID-19
VIEW B20 SAUDI ARABIA PRESENTATION VIEW USSBC PRESENTATION The U.S.-Saudi Business Council (USSBC), a member…
B20 Saudi Arabia Holds Virtual Plenary Session
B20 Saudi Arabia, in its role as the private sector’s voice to the G20, organized…
G20 Health Ministers Discuss Global Integrated Measures to Tackle Threat of COVID-19
The G20 Health Ministers meeting was held on April 19th to further discuss global coordination to combat COVID-19.…
USSBC, Proven Hold Webinar Regulations, Initiatives Related to COVID-19
WATCH WEBINAR DOWNLOAD PRESENTATION On April 20th, the U.S.-Saudi Business Council (USSBC) presented the Webinar…
G20 Ministers Plan to Hold Virtual Meetings to Minimize Impact of COVID-19 Pandemic on Healthcare, Agriculture, and Employment
The G20 Health Ministers will hold a meeting on April 19 to tackle the impact of COVID-19…
Saudi Arabia Extends Contracts and Waives Off Penalties Due to COVID-19 Related Delays
April 17, 2020 – Saudi Arabia allows government entities to extend contracts and waive delay…
The Saudi G20 Presidency calls for US$8 billion in Combating the COVID-19 Pandemic
The Kingdom of Saudi Arabia, as the holder of the G20 Presidency, has pledged $500…
Value of Awarded Contracts Reach SR197.1 Billion in 2019
Overview of Awarded Contracts During Q4 2019 The value of awarded contracts reached SAR35.3 billion…
Saudi Arabia Announces $35.2 Billion Stimulus Package to Mitigate Impact of Coronavirus
Saudi Arabia’s Minister of Finance and Acting Minister of Economy and Planning, H.E. Mohammed Al-Jadaan,…
Business Council is Pleased to Introduce our New Logo and Evolving Brand
Marking a new decade in 2020, the 75th Anniversary of U.S.-Saudi relations, and more than…
Business Council Celebrates 75th Anniversary of U.S.-Saudi Diplomatic Relations
February 14th marked the 75th anniversary of the historic meeting between U.S. President Franklin D.…
Business Council Releases its 2019 Annual Report
The Business Council is pleased to release its Annual Report for 2019. The report includes…
Business Council CEO Holds High-Level Meetings, Outreach during Visit to Saudi Arabia
In February, Delano Roosevelt, Business Council CEO, visited the Kingdom, where he met with numerous…
Saudi Arabia Establishes Ministries, Appoints New Ministers
Saudi Arabia issued several royal decrees announcing the appointment of ministers and the establishment of…
Letter from Chief Executive Officer
H. Delano Roosevelt Dear Members of the Business Council, I wish to extend my personal…
Saudi Arabia’s Emergence in Cyber Technology
Overview Cybersecurity is a growing global industry at the intersection of every sector and its…
Business Council Participates in the B20 Saudi Arabia Inception Event- Transforming for Inclusive Growth
Ms. Ana Carmen Neboisa, Vice President of the U.S.-Saudi Arabian Business Council (USSABC), was selected…
Saudi Arabia’s 2020 Budget Review
Overview The release of Saudi Arabia’s 2020 budget highlights a methodical continuation of efficient spending,…
Business Council Signs MOU with General Authority of Civil Aviation
December 10, 2019, the U.S.-Saudi Arabian Business Council (USSABC) signed a collaborative agreement with Saudi…
Saudi Ministry of Finance Releases National Budget for 2020
Saudi Ministry of Finance Releases National Budget for 2020.
SCCA Announces the Launch of its New Rules Advisory Committee
In light of the rapid developments regarding commercial arbitration in Saudi Arabia and the greater…
USSABC Aviation Mission Commences in Dammam
The U.S.-Saudi Arabian Business Council (USSABC) begins a Certified Trade Mission to Saudi Arabia in…
Saudi Arabia Assumes G20 Presidency
On December 1st, Saudi Arabia took over the Group of 20, G20, Presidency from Japan.…
Business Council Organizes Roundtable on New Saudi Arbitration Measures
On November 19, 2019 the U.S.-Saudi Arabian Council hosted the Saudi Center for Commercial Arbitration (SCCA)…
Business Council Brings Multi-Sector U.S. Delegation to FII
The Council lead a delegation of 10 companies to Saudi Arabia’s Future Investment Initiative (FII).…
Overview of the National Industrial Development and Logistics Program: Mining
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
Saudi Arabian Regulatory Reforms Advance Nation’s “Doing Business” Ranking
Saudi Arabia is the world’s most improved economy, according to the World Bank’s 2020 “Doing…
U.S.-Saudi Arabian Business Council Announces New CEO, H. Delano Roosevelt
The U.S.-Saudi Arabian Business Council (the “Council” or “USSABC”), a bilateral not-for-profit organization with offices…
U.S.-Saudi Arabian Business Council Hosts Roundtable Dialogue on Female Empowerment and Workforce Growth
VIENNA, VA – October 11, 2019 – The U.S.-Saudi Arabian Business Council hosted an executive…
Interested to attend the Future Investment Initiative, Riyadh, Oct 29-31?
The U.S.-Saudi Arabian Business Council is leading a U.S. mission to the invite-only Future Investment…
Business Council Holds Executive Luncheon with White House IP Enforcement Coordinator
On September 10, 2019, the U.S.-Saudi Arabian Business Council (USSABC) organized a business luncheon with…
Council Organizes Webinar in Collaboration with SABIC on Catalyzing Local Content Creation in the Kingdom
The Business Council, in collaboration with our Chairman’s Circle member SABIC, organized a webinar on…
Executive Summary: GAMI Licensing Regulations
Saudi Arabia’s General Authority for Military Industries (GAMI) recently began accepting licensing applications for firms…
IMF’s Article IV Consultation Projects Positive Growth from Vision 2030
According to the IMF’s Article IV Consultation, Vision 2030 programs are having a positive impact…
H.E. Yasir Al-Rumayyan Appointed Chairman of Saudi Aramco
The Council of Ministers appointed H.E. Yasir Al-Rumayyan, Managing Director of the Public Investment Fund…
Saudi Arabia Creates Independent Ministry of Industry and Mineral Resources
Saudi Arabia announced that it has created an independent Ministry of Industry and Mineral Resources,…
USSABC Organizes U.S. Business Tour with Saudi Economic Cities Authority
In July, the U.S.-Saudi Arabian Business Council organized a visiting delegation from the Saudi Economic…
Overview of the National Industrial Development and Logistics Program: Automotive
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
Overview of the National Industrial Development and Logistics Program: Industry 4.0
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
Oct 26-31: Delivering Change: Innovation and Localization Mission to Saudi Arabia
The U.S.-Saudi Arabian Business Council (USSABC) is leading a mission to Al-Khobar and Riyadh focused…
Saudi Arabia Approves New Procurement Law
The Saudi Government recently approved a new law aimed at streamlining procurement contracts and services,…
Overview of the National Industrial Development and Logistics Program: Logistics
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
H.R.H. Princess Reema bint Bandar Presents Credentials to President Trump as Saudi Arabia’s First Female Ambassador
Following her appointment in February, H.R.H. Princess Reema Bint Bandar presented her credentials to President…
Steve Demetriou Recognized in Construction Week’s 2019 Power 100
July 3, 2019 – Steve Demetriou, CEO of Jacobs Engineering Group, and U.S. Co-Chairman of…
Overview of the National Industrial Development and Logistics Program: Strategic Pillar – Food Processing
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
Overview of the National Industrial Strategy: Strategic Pillar-Medical Supplies
NIDLP aims to transform Saudi Arabia into a leading industrial powerhouse and a global logistics…
U.S. Commercial Service Explains Exporting to Saudi Arabia
Saudi Arabia is well situated to become a global leader of trade and commerce given…
Overview of the National Industrial Strategy: Strategic Pillar-Pharma and Bio
In our efforts to keep members informed on the progress of the Saudi Vision 2003,…
U.S.-Saudi Executive Breakfast Highlights Technology and Innovation Partnerships & Opportunities
INDIANAPOLIS, IN – May 23, 2019 – The U.S.-Saudi Arabian Business Council – in collaboration…
Business Council Offers Summaries of NIDLP Opportunities
In our efforts to keep members informed on the progression of the Saudi Vision 2030,…
IMF Article IV Reports Positive Growth in Saudi Arabia Following Economic and Regulatory Reforms
According to the IMF’s Article IV Consultation, economic reforms in Saudi Arabia have spurred new…
Council Holds Executive Briefing on Growing Opportunities in Civil Aviation
On May 7, 2019 the U.S.-Saudi Arabian Business Council, in partnership with the U.S. Commercial…
Council, TAQNIA Discuss New Opportunities in Saudi Research and Development
The U.S.-Saudi Arabian Business Council, in collaboration with the Council’s Chairman Circle member Mayer Brown,…
Council Names New Secretary General in Riyadh
In April, the Board of Directors of the U.S.-Saudi Arabian Business Council appointed Fatima AlHajari…
Saudi Arabia Posts First Budget Surplus since 2014, amid Plans to Increase Spending in 2019
At the recent Saudi Financial Sector Conference, H.E. Mohammed Al-Jadaan, Minister of Finance, announced that…
General John Abizaid Confirmed as New U.S. Ambassador to Saudi Arabia
On April 10th, the U.S. Senate voted overwhelmingly to confirm General John Abizaid as the…
U.S. Contributes to Saudi Aviation a 2030 Priority
Saudi Arabia is emerging as a key aviation transportation hub in the Middle East. A…
AccountAbility Releases New Sustainability Report
Business Council partner AccountAbility, a global consulting and standards firm, recently released a new report…
Council Exhibits Saudi Aviation Sector Opportunities at PBExpo in Florida
The U.S.-Saudi Arabian Business Council exhibited at PBExpo held in Ft. Lauderdale, Florida from March…
Council Presents Saudi Market Opportunities to Minnesota Businesses
Business Council Senior Vice President David Callahan and Senior Advisor for Industrial Strategy Jamil Alothman…
H.R.H. Princess Reema bint Bandar Appointed Ambassador to the U.S.
February 25, 2019 – H.R.H. Princess Reema bint Bandar was named Ambassador of Saudi Arabia…
Meet Our Economist
We sat down with Albara’a Alwazir, the Business Council’s Economist, to learn more about his…
New Development Program Targeting Industrial and Logistical Growth Launched in Saudi Arabia
As part of Saudi Arabia’s goal to attract new foreign investment, develop localized manufacturing, and…
Civil Aviation in Saudi Arabia: A Growing Market That Should Not be Overlooked
The U.S.-Saudi business relationship, which spans over 80 years, has had a significant impact on…
U.S.-Saudi Arabian Business Council: 2018 Year in Review
This past year marked the Council’s 25th anniversary. Over the past two and a half…
Saudi Arabia’s 2019 Budget Maintains Strong Spending, While Focusing on Growth in Key Sectors
The recent release and endorsement of Saudi Arabia’s budget for 2019 highlights the strategic path…
H.E. Dr. Ibrahim Al-Assaf Appointed Minister of Foreign Affairs
Former Minister of Finance H.E. Dr. Ibrahim Al-Assaf has been appointed as Saudi Arabia’s Minister…
Business Council Connects U.S. and Saudi Energy Industries at Power-Gen 2018
The U.S.-Saudi Arabian Business Council - in collaboration with the U.S. Foreign Commercial Service, Saudi…
Business Opportunities Unveiled at First U.S.-Saudi SME Forum
With the support of leading Strategic Partners Saudi Aramco and SABIC, the U.S.-Saudi Arabian Business…
Business Council Promotes Saudi Trade and Investment Opportunities throughout South Carolina and Georgia
In June, the USSABC President and CEO, Edward Burton, and Business Strategy Advisor, Mike Ryan,…
GACA, Business Council Organize Dialogue on New Civil Aviation Investment Opportunities
On June 28, 2018, the U.S.-Saudi Arabian Business Council, “the Council,” hosted an Executive Business…
Business Council Hosts Head of Saudi General Customs Authority to Discuss New Reforms
According to the Saudi Vision 2030, Saudi Arabia aims to become a global logistics hub…
Council Hosts Key U.S. and Saudi Stakeholders in Advance of TIFA Discussions
On May 11, 2018, U.S. and Saudi government officials from the Ministry of Commerce and…
Business Council Reception Honors Saudi Delegation to OTC
On May 1, 2018, the U.S.-Saudi Arabian Business Council, “the Council,” hosted an executive reception…
SAMI, USSABC Organize High-Level Conference on Defense Technology
Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council,…
Saudi Arabia Approves New Bankruptcy Law
In line with Vision 2030, Saudi Arabia’s cabinet has approved a new law which will…
Saudi Arabia Improves Business License Procedures
The Saudi Arabia General Investment Authority (SAGIA) has streamlined processes for 2018 to support foreign…
AccountAbility 2030 KSA Vision Check
AccountAbility is a global consulting and standards firm that works with business, governments and multi-lateral…
Saudi Arabia’s 2018 Budget Emphasizes Growth through Economic Diversification
Saudi Arabia’s 2018 national budget highlights the government’s keenness to accelerate economic growth while utilizing…
Crown Prince Mohammed bin Salman Announces NEOM Project at Future Investment Initiative
H.R.H. Crown Prince Mohammed bin Salman spoke at the Future Investment Initiative forum in Riyadh.…
Business Council Holds Executive Luncheon with Commerce Under Secretary Hernandez in Riyadh
On October 23, 2017, the U.S.-Saudi Arabian Business Council (USSABC) organized a business luncheon with…
IMF Optimistic on Future Saudi Economic Outlook
The International Monetary Fund’s (IMF) Article IV Consultation Report has concluded that the medium-term economic…