Saudi, US business bodies sign MoU to boost trade and investment ties

RIYADH: The Federation of Saudi Chambers and the Saudi-US Business Council signed a memorandum of understanding in Washington to strengthen ties between both countries’ business communities.

The federation is a party to the agreement as the representative of the Saudi private sector, ensuring the sector’s perspectives and needs are considered in efforts to deepen commercial engagement with American companies.

The US and Saudi Arabia traded an estimated $24.6 billion in goods in 2025, according to the US Trade Representative. US goods exports to the kingdom rose 7.2 percent to $14.1 billion, while imports from Saudi Arabia fell 18.4 percent to $10.5 billion.