The economic expert stated that Saudi Arabia’s economic partnership with America increases its opportunities to become a leading and significant hub in logistics and supply chains. He noted that the Saudi economy has transformed into a productive and globally open economy since the launch of “Vision 2030.”

He added in an interview that America is nearly a pioneer in modern technology, artificial intelligence, and logistics, making partnerships with American companies highly necessary, especially as the Kingdom also aims to become one of the world’s key supply chain centers.

He emphasized that interests have been redefined to establish deep commercial and economic partnerships with nations. Given that America is the world’s largest and most advanced economy in technological fields, which are the foundation of the modern economy, Saudi Arabia needs to enter the world of investment in modern technology, artificial intelligence, and logistics.

He continued: This requires deeper partnerships with global companies to establish their regional headquarters in the Kingdom and relocate their factories or agencies to Saudi Arabia. This would maximize the benefits of the Kingdom’s geographic location and available capabilities, generating job opportunities, significant investments, and transitioning to a productive economy less dependent on oil, as outlined in Vision 2030.

These remarks came in response to the launch of the “Saudi-American Investment Forum,” which saw massive participation from major private-sector companies from both sides, with expectations of signing substantial investment agreements between Saudi Arabia and the United States.

Saudi-American relations were established over 80 years ago, with trade volume between the two countries reaching $32 billion by the end of 2024.

By the end of 2024, Saudi Arabia exported $13 billion worth of goods to America and imported $19 billion worth of goods from the US.

There are 28 factories in Saudi Arabia owned by American investors in partnership with Saudi investors, located in areas managed by the Saudi Authority for Industrial Cities and Technology Zones.

Among the most notable American investments in Saudi Arabia are SAR 78 billion in Sadara Chemical Company in Jubail, SAR 22.5 billion in Saudi Polymers Company, and SAR 19.6 billion in Jubail Petrochemical Company (Kemya).

Meanwhile, the trade volume between Gulf Cooperation Council countries and America reached $180 billion in 2024.

American direct investments in Saudi Arabia amounted to $15.3 billion by the end of 2024.

Vision 2030

“Vision 2030” is Saudi Arabia’s ambitious strategic framework launched in 2016 to diversify its economy and reduce dependence on oil by 2030. Spearheaded by Crown Prince Mohammed bin Salman, it focuses on developing sectors like tourism, technology, and infrastructure, alongside social reforms to modernize the country. The plan includes megaprojects like NEOM, a futuristic smart city, and aims to position Saudi Arabia as a global investment and cultural hub.

Saudi-American Investment Forum

The Saudi-American Investment Forum is a key platform fostering economic collaboration between Saudi Arabia and the United States, bringing together government officials, business leaders, and investors. Established to strengthen bilateral trade and investment ties, it highlights opportunities in sectors like energy, technology, and infrastructure under Saudi Arabia’s Vision 2030. The forum reflects the long-standing economic partnership between the two nations while promoting future growth and innovation.

Sadara Chemical Company

Sadara Chemical Company is a major petrochemical complex in Jubail, Saudi Arabia, established as a joint venture between Saudi Aramco and Dow Chemical Company in 2011. It is one of the world’s largest integrated chemical facilities, producing a wide range of performance plastics and specialty chemicals to support industrial and consumer markets. The project reflects Saudi Arabia’s Vision 2030 goals to diversify the economy and strengthen the petrochemical sector.

Saudi Polymers Company

Saudi Polymers Company is a leading petrochemical manufacturer in Saudi Arabia, established to produce a variety of plastic and polymer products. It is part of the country’s broader industrial expansion under Vision 2030, aiming to diversify the economy beyond oil. The company plays a key role in the regional supply chain, supporting industries such as packaging, construction, and automotive.

Jubail Petrochemical Company (Kemya)

Jubail Petrochemical Company (Kemya) is a major joint venture between Saudi Basic Industries Corporation (SABIC) and ExxonMobil, established in 1980 in Jubail Industrial City, Saudi Arabia. It specializes in producing synthetic rubber and other petrochemical products, playing a key role in the region’s industrial growth. The company reflects Saudi Arabia’s long-term strategy to diversify its economy through advanced petrochemical manufacturing.

Gulf Cooperation Council

The **Gulf Cooperation Council (GCC)** is a regional political and economic union established in 1981, comprising six Middle Eastern countries: Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman. Founded to promote cooperation and stability in the Persian Gulf, the GCC facilitates economic integration, collective security, and cultural ties among member states. Over the years, it has played a key role in regional affairs, though internal disputes, such as the 2017–2021 Qatar diplomatic crisis, have tested its unity.

Saudi Authority for Industrial Cities and Technology Zones

The **Saudi Authority for Industrial Cities and Technology Zones (MODON)** is a government entity established in 2001 to develop and manage industrial cities and advanced technology zones across Saudi Arabia. It supports economic diversification by providing infrastructure, investment opportunities, and innovation hubs aligned with Vision 2030. MODON oversees numerous industrial complexes, fostering manufacturing, technology, and sustainable industrial growth in the Kingdom.