Herald Economist

What Exactly Made the Last Saudi-US CEO Forum so Special?

The second Saudi-US CEO Forum began on Tuesday with more than 200 prominent Saudi and American businessmen and a number of ministers and officials from both countries gathered to establish new partnerships, strengthen economic ties and promote bilateral trade.

The forum was attended by none other than the Crown Prince to the throne of Saudi Arabia Mohammed bin Salman which was the hallmark of his visit to the United States, the Saudi-US CEO Forum began in New York under the theme “An Era of Transformation: From Vision to Implementation”.


The forum as previously in 2017 was organized by the Saudi Center for Strategic Partnerships. Participants reviewed agreements concluded between the two sides aimed at implementing Saudi Vision 2030 launched by Crown Prince Mohammed bin Salman. The United States Secretary of Commerce Hon Wilbur Ross believes the Saudi Vision 2030 will be achieved with great success as he said on twitter “Saudi will make it work”

Under the Saudi Vision 2030 plans and projects, and in the context of promoting investment between the two countries, the Saudi-US CEO Forum witnessed the signing of 36 memorandums of understandings “MOUs” between several companies worth more than $20bn.

The Forum was attended by influential economic figures such as Jamie Dimon, CEO of JPMorgan, and Adena Friedman, CEO and president of NASDAQ. It was a prime opportunity to bring together the business elite from the US and the Kingdom for a day of formal presentations, panel discussions, and trade and cultural shows.

MoUs signed include new partnerships in various sectors including healthcare, manufacturing, entertainment, education, and ICT. Among the most prominent were:

  • A partnership between Saudi Aramco and Google focusing on cloud services and other technological opportunities.
  • A five-year initiative between King Abdulaziz Center for World Culture and National Geographic.
  • A partnership between Aramco and Raytheon to establish national Internet security services.
  • MoU between Saudi Industrial Development Fund (SIDF) and JP Morgan to discuss cooperation in industrial finance in Saudi Arabia.
  • A partnership between Al-Rasheed International and SOS to provide medical services in the Kingdom with emphasis on clinics in remote areas.

The crown prince is also set to meet with UN Secretary-General Antonio Guterres and senior UN officials. The meeting follows the Saudi interception of seven ballistic missiles fired by Houthi rebels in Yemen toward various residential areas in the Kingdom on Sunday. Falling fragments from the intercepted missiles killed an Egyptian civilian and injured two others. The missile attacks came the day after the arrival in Sanaa of the UN’s newly appointed special envoy to Yemen, Martin Griffiths.

And Yet Again, Another Houthi Missile Shot Down Over Saudi Arabia! This Time The Target Was ARAMCO

The Crown Prince has also visited Houston, Los Angeles, San Francisco and Seattle to cultivate investments, and host a banquet as he rounds up what has been a successful trip to the United States.

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