Prime Highlights-
- The Federation of Saudi Chambers and the Saudi-US Business Council signed an MoU in Washington, D.C.
- The agreement creates direct channels for companies in both countries to meet and explore deals.
Key Facts-
- Total US-Saudi goods trade reached an estimated $24.6 billion in 2025.
- The MoU follows a separate agreement the Federation signed with the US Chamber of Commerce on 10 November.
Background-
The Federation of Saudi Chambers and the Saudi-US Business Council have signed a memorandum of understanding (MoU) to strengthen trade and business relations between Saudi Arabia and the United States. The two bodies signed the agreement in Washington, D.C., and Arab News reported the deal on 13 November 2026.
The Federation signed the agreement on behalf of Saudi Arabia’s private sector. Its role is to make sure Saudi business views shape deeper commercial links with American companies. According to the Saudi Press Agency, the MoU sets up a framework that helps companies in both countries communicate, develop investment opportunities and solve business challenges.
The agreement lays out practical steps. The partners will organise trade delegation visits and meetings between business leaders. They will open more direct channels for companies to meet and explore deals. They will also support investments and strategic partnerships, share market information and help firms enter each other’s markets more smoothly.
The deal builds on recent momentum. On 10 November, the Federation signed a separate MoU with the US Chamber of Commerce on the sidelines of the B20 Summit in Washington. Earlier, on 8 November, the Saudi-US Business Council held a board meeting in Riyadh. Energy Minister Prince Abdulaziz bin Salman and Investment Minister Fahad Al-Saif attended, along with co-chairs Lubna Olayan and Jane Fraser.
Trade between the two countries remains strong. US goods exports to Saudi Arabia rose 7.2% to $14.1 billion in 2025, while total goods trade reached an estimated $24.6 billion.
