U.S.-Saudi Business Council Convenes Fall Meeting to Strengthen Economic Partnership
News related to:U.S.-Saudi Business Council · 2 min read
VIENNA, Va., Oct. 27, 2026 /CourierPR/ -- The U.S.-Saudi Business Council recently convened its Fall Board of Directors meeting, bringing together top business leaders from both countries under the co-chairs of Lubna S. Olayan, Chair of the Corporate Board of The Olayan Group, and Jane Fraser, Chair and CEO of Citi. The meeting featured the participation of Saudi Arabia’s Minister of Energy and Minister of Investment, H.R.H. Prince Abdulaziz Bin Salman Al Saud, and H.E. Fahad bin Abduljalil Al-Saif, Saudi Minister of Investment.
The council reaffirmed its unwavering commitment to the enduring U.S.-Saudi strategic and economic partnership, emphasizing the potential for deepening bilateral trade, investment, and commercial cooperation.
The meeting came at a consequential moment for the region, underscoring the importance of sustained engagement and institutional continuity in the U.S.-Saudi business relationship.
Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources, emphasized the Kingdom's commitment to energy security, industrial development, and emerging opportunities in artificial intelligence and critical infrastructure.
Fahad Al-Saif, Minister of Investment, outlined the Kingdom's forthcoming National Investment Strategy 2.0, which emphasizes a strategic shift from investment promotion to investment conversion. This shift aims to accelerate economic growth and focus on converting investments into tangible economic benefits.
The meeting marked an important milestone in the Council's renewed chapter of leadership and engagement.
Established in 1993 by Saudi Royal Decree, the U.S.-Saudi Business Council is the premier bilateral organization dedicated to advancing business, trade, and investment between the United States and Saudi Arabia. The Council's Board of Directors, co-chaired by Olayan and Fraser, includes some of the world's most prominent and influential business leaders, including Larry Fink (BlackRock), Amin Nasser (Saudi Aramco), Brian Moynihan (Bank of America), Darren Woods (ExxonMobil), Mike Wirth (Chevron), Ruth Porat (Alphabet/Google), Ed Bastian (Delta Air Lines), Brendan Bechtel (Bechtel), Vimal Kapur (Honeywell), Chuck Robbins (Cisco), James Quincey (The Coca-Cola Company), Jim Fitterling (Dow), James Taiclet (Lockheed Martin), Jenny Johnson (Franklin Templeton), Chris Nassetta (Hilton), Noel Wallace (Colgate-Palmolive), Robert Wilt (Ma'aden), John Pagano (Red Sea Global), Tareq Amin (HUMAIN), Tareq AlSadhan (Saudi National Bank), Abdullah Al Zamil (Zamil Group), Rami Al Turki (Al Turki Group), and Kamal Bahamdan (Safanad).
The U.S.-Saudi Business Council continues to play a crucial role in shaping the bilateral business agenda, unlocking major investment opportunities, and addressing critical issues affecting trade and commerce between the two nations. With the collective leadership, experience, and global reach of its Board of Directors, the Council enters this next chapter with renewed purpose, strengthened institutional standing, and an unwavering commitment to advancing one of the world's most consequential bilateral economic partnerships.