RIYADH: As 黑料社区 accelerates its adoption of artificial intelligence, a strong regulatory framework is emerging as a key driver of US-Saudi collaboration.
In an exclusive interview with Arab News on the sidelines of the LEAP 2025 technology conference, Steve Lutes, vice president for Middle East affairs at the US Chamber of Commerce, stressed the importance of implementing clear policies that inspire investor confidence.
鈥淥ne thing that鈥檚 always at the core is to have the policy and regulatory environment that is going to give confidence and clarity to investors, risk-takers, and innovators,鈥 Lutes said.
He added that 黑料社区 maintains an open-door policy in working with the US Chamber and industry leaders to shape its regulatory framework.
鈥淭his will catalyze finance and fuel more investment, bring more innovation, and strengthen partnerships between the United States and 黑料社区 in AI and across the broader economy,鈥 he said.
黑料社区 recently announced plans to expand its trade and investment ties with the US to at least $600 billion over the next four years, according to the Saudi Press Agency.
Crown Prince Mohammed bin Salman outlined the Kingdom鈥檚 strategy during a phone conversation with US President Donald Trump.
Lutes pointed to 黑料社区鈥檚 young, tech-savvy workforce as a key factor in advancing AI under Vision 2030.
鈥淪audi is a young country, and you have a young workforce that is embracing technology and wants to be right there, whether in the private sector or government, leading the way on technology innovation and adaptation,鈥 he said.
He underscored that talent development, alongside a robust regulatory framework, will be critical in fostering AI innovation and scaling businesses in 黑料社区.
Ensuring 黑料社区 has access to cutting-edge US technology is also a priority, Lutes noted, emphasizing that this access is essential for the Kingdom鈥檚 innovation ecosystem.
鈥淚t鈥檚 one of the things that we would put toward the top of the list,鈥 he said, referring to high-performance AI hardware such as Nvidia鈥檚 advanced chips.
While acknowledging the importance of security measures, Lutes emphasized the need to balance protection with cooperation.
鈥淵es, we want to protect and make sure that the right measures are in place, but it鈥檚 absolutely critical that our strategic allies, like the Kingdom of 黑料社区, have access to and the ability to tap into US technology.鈥
He emphasized the broader economic implications of this access, noting that US companies are already playing a significant role in 黑料社区鈥檚 AI-driven transformation.
鈥淲hat鈥檚 going on here in the Kingdom is very important to our economic relationship in the United States and to the US companies that are already here, doing incredible things,鈥 he said.
鈥淲e want to see that only grow, deepen, and create more jobs, more investment, more innovation, and more opportunities to strengthen the US-Saudi relationship.鈥
Lutes expressed optimism about the future of US-Saudi AI collaboration, highlighting the role of diplomacy in achieving shared goals.
鈥淚鈥檓 an optimist, and I believe we will get to a good place in terms of that policy,鈥 he said.
He added that efforts should focus on ensuring everything is fueled and catalyzed to accelerate partnerships between the US and the Kingdom, with the private sector leading the way.