RIYADH: Saudi Arabia will display its opportunities across critical industries in the US this week, such as healthcare, pharmaceuticals, renewable energy, and information and communication technology. According to the Saudi Press Agency, the US-Saudi Business Council will showcase the Kingdom’s market opportunities in Seattle and Portland from Nov. 14-17. The SPA added that the two executive roundtables aim to promote foreign direct investment, drive manufacturing growth, encourage localization and facilitate knowledge transfer within the Kingdom. Established in 1993, the USSBC works to strengthen business relations between the two countries, besides providing strategic solutions to help businesses access and navigate the US and Saudi markets. In 2022, US goods and services trade with Saudi Arabia totaled an estimated $46.6 billion. Exports were $21.6 billion, and imports were $24.9 billion. The US goods and services trade deficit with Saudi Arabia was $3.3 billion in 2022. In May, the USSBC invited an American delegation to visit the Kingdom as part of a business development mission to enhance investment and trade partnerships. The delegates met members of the business council and representatives of US companies in Saudi Arabia to help build dialogue between business communities in the two countries. The emphasis then was on building trade in construction materials, architectural services and maritime security solutions. The delegation also focused on food- and beverage-processing equipment, artificial intelligence, and engineering and consulting services for the energy sectors. Susanne Lendman, executive director and interim president and CEO of the USSBC, said then that the delegation included representatives of seven US companies, some of which are newcomers to the Saudi market interested in providing products and services. “Saudi Arabia — the fastest-growing G20 economy in 2022 and the world’s sixth-most competitive nation — has project opportunities estimated at over $1 trillion in sectors such as infrastructure, real estate, tourism, leisure, transportation, health care, energy and utilities,” the council had said in a statement.