Analyst outlines three paths to boost Saudi-US economic partnership

Economic analyst Eid Al-Eid has identified three main avenues to enhance the economic partnership between Saudi Arabia and the United States.

Speaking in an interview with Al-Ikhbariya Radio, Al-Eid said the Saudi-US Business Council meeting aims to strengthen economic ties by increasing trade exchange, boosting American investments, and expanding cooperation in artificial intelligence and minerals.

He added that the primary goal of these meetings is to broaden trade between the two countries and promote investment. Despite Saudi Arabia being the largest economy in the Middle East and the United States the largest globally, their trade volume remains limited, with the US ranking as the Kingdom’s third-largest trading partner.

Al-Eid noted there are significant untapped opportunities to increase trade between the two nations. The US is currently the fourth-largest investor in Saudi Arabia, with investments exceeding 70 billion riyals (SAR), a figure he described as limited. He suggested the US could move up in the ranking of foreign investors in the Kingdom.

Regarding bilateral trade, the analyst emphasized major opportunities for expanding trade, particularly in the minerals sector. He pointed out that Saudi Arabia has a major project in this field and an approved platform for supplying critical minerals.

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