The U.S. Chamber of Commerce has issued a report highlighting achievements under Saudi Vision 2030 and underscoring the U.S. commercial contribution. More than 50 U.S. companies — all Chamber members — feature in the publication for supporting the Vision’s programs and targets through American expertise, technology, and investment, and for reinforcing trade and investment ties between the United States and the Kingdom.
Steve Lutz, vice president for the Middle East at the U.S. Chamber of Commerce, said in opening remarks that American firms have contributed for decades to the Kingdom’s growth through investments and the transfer of technology and know-how. He added that the bilateral partnership has broadened into sectors such as energy, manufacturing, finance, digital technologies, artificial intelligence, sports, tourism, and infrastructure.
Lutz emphasized that the relationship extends beyond commercial transactions to focus on transformation and innovation. He affirmed the Chamber’s commitment to strengthen business links that foster innovation and support sustainable, inclusive growth for both countries, and announced plans for an updated report to coincide with the Future Investment Initiative (FII) in Riyadh.
Vision 2030
In a recorded video message, Her Royal Highness Princess Reema bint Bandar bin Sultan bin Abdulaziz, Saudi Arabia’s ambassador to the United States, reviewed the goals achieved by Vision 2030 in its tenth year, noting that non‑oil activities now represent more than half of the economy. She stated that the unemployment rate fell from 12% to 6.4% in the first quarter of 2026 and that homeownership rose from 47% to 66%. She also noted that the Kingdom welcomed 123 million tourists last year, surpassing its 100 million target ahead of schedule.
Princess Reema affirmed that American companies have been partners in the transformation from the outset, and said the involvement of over 50 U.S. firms in the publication reflects their role in building new industries, advancing education and healthcare, training young people, and investing in projects. She also expressed gratitude to the U.S. Chamber of Commerce.
The report collects Chamber members’ accounts of their support for Vision 2030’s programs and targets, reviews corporate achievements, and outlines priorities for the next phase amid promising Saudi–U.S. partnership opportunities.
The Chamber is driving this initiative through the U.S.–Saudi Business Program, which aims to deepen bilateral trade and investment ties, connect U.S. companies with emerging opportunities in the Kingdom, and represent members’ interests across sectors including artificial intelligence, capital markets, defense, the digital economy, energy, fintech, healthcare, infrastructure, manufacturing, and tourism.
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