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Chairman of the Russian Business Group B20: G20 Summit Will Resolve Pressing Global Issues

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin | Asharq Al-Awsat
President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin | Asharq Al-Awsat
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Chairman of the Russian Business Group B20: G20 Summit Will Resolve Pressing Global Issues

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin | Asharq Al-Awsat
President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin | Asharq Al-Awsat

The President of the Russian Union of Industrialists and Entrepreneurs and Chairman of the Russian Business Group B20, Alexander Shokhin, stressed that the effective approach on cooperation undertaken by the G20 under Saudi Presidency will contribute decisively to pressing global issues.

G20 cooperation looms over issues like addressing the coronavirus pandemic, saving the international economy, and helping poor countries.

Shokhin added that it also works on strengthening Saudi-Russian economic relations and simplifying international cooperation in various sectors of the global economy.

Speaking to Asharq Al-Awsat, the Russian diplomat noted that the G20 had unlocked better opportunities for cooperation between Russia and Saudi Arabia.

Despite all challenges that surfaced in 2020, the space for practical cooperation between Russia and the Kingdom is expanding, said Shokhin.

He mentioned a host of areas that are open for increased cooperation, and they included building on a circular carbon economy, investing in infrastructure, developing nature-based solutions, advancing digitization, and implementing comprehensive industrial modernization.

“I am sure that the new level of understanding that we have reached in our countries, despite all the challenges this year, will provide new opportunities for our practical cooperation in fields of common interest,” Shokhin asserted to Asharq Al-Awsat.

Regarding the expected plan for channeling G20 Summit results to benefit joint Saudi-Russian projects, Shokhin said it lies at the core of making use of multilateral institutions for international cooperation.

This, according to Shokhin, will reduce the risks of inappropriate and separate policies aimed at gaining unilateral benefits.

“Lessons learned and experiences gained this year will help find the best way to succeed at a time of fundamental change and challenges,” Shokhin said on the framework produced by the G20 2020 Riyadh Summit.

Shokhin also said he believes that the concept of the circular carbon economy developed by the Saudi Presidency at the B20 will lead to the sustainable development of the global energy sector, enabling a balanced and sustainable development of various sectors of the global economy.

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Saudi-US Business Council: Trump’s Visit Marks New Chapter in Partnership

Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
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Saudi-US Business Council: Trump’s Visit Marks New Chapter in Partnership

Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 
Charles Hallab, Chairman of the Saudi-US Business Council (Asharq Al-Awsat) 

US President Donald Trump’s upcoming visit to Saudi Arabia, Qatar, and the UAE is being seen as a milestone, with its primary focus on economics, investment, and strategic deal-making.

Accompanying him is an unprecedented delegation of US business leaders and CEOs from major sectors including finance, banking, cryptocurrency, technology, artificial intelligence, healthcare, manufacturing, and hospitality. These leaders are seeking to open new investment horizons, forge partnerships, and follow Trump’s lead in crafting “win-win” deals that strengthen bilateral commercial ties.

In an interview with Asharq Al-Awsat, Charles Hallab, Chairman of the Saudi-US Business Council, said that Trump’s choice of Saudi Arabia as his first international destination signals the beginning of a new era in relations between the United States, Saudi Arabia, the Gulf region, and the broader Middle East.

“Beyond the warm welcome and political discussions, this visit will feature the announcement of new business deals and a celebration of the success of previous agreements,” he said. “More importantly, it marks the start of a deeper phase of economic cooperation and private-sector engagement between the two countries. The agreements set to be signed will significantly strengthen these ties and open doors to diverse investment opportunities.”

Driving Business Forward

Hallab, who is also the founder of Barrington Global, explained that the Saudi-US Business Council is playing an active role in this visit. “Our members and partners are fully engaged in the Investment Forum at the King Abdulaziz International Conference Center in Riyadh. There is considerable anticipation surrounding the major deals to be announced, and I can confirm that several significant agreements and new bilateral initiatives will be unveiled,” he said.

He added that interest spans numerous sectors—from defense, aerospace, and technology to newer areas like education, tourism, culture, and quality of life.

He said: “American business leaders are enthusiastic about forming partnerships with Saudi counterparts. President Trump is also keen to attract nearly $1 trillion in Saudi investments to the United States. This mutual interest shows that both sides are committed not only to commercial exchange but to meaningful, strategic collaboration.”

Hallab noted that this year’s investment forum stands out from those held in the past. “There is a new energy—an unprecedented focus on investments that align with the long-term economic goals of both nations. It’s no longer about short-term returns. Investments are being evaluated based on their broader impact, sustainability, and alignment with national visions such as Saudi Arabia’s Vision 2030.”

He explained that Saudi investors are looking for opportunities in the US that make sense within this broader strategy—not just financial gains, but partnerships that advance their long-term objectives. “I’m very optimistic. The pieces are falling into place in a way that serves both countries’ goals, which is exactly what we at the Business Council aim to promote—mutual benefit and shared growth.”

The Political Dimension

When asked about the role of politics, including negotiations with Iran and potential ceasefires in Gaza, Hallab acknowledged their influence. “We closely monitor political developments as they inevitably impact business decisions. But Trump’s visit highlights Saudi Arabia’s rising global stature, both economically and diplomatically.”

He praised the remarkable progress of Vision 2030, especially in terms of regulatory reform, anti-corruption efforts, and economic diversification, saying: “Having worked in the region for nearly 30 years, I’ve never seen changes of this scale and speed. Today, unemployment is under 7%, women make up 34% of the workforce, and over half of Saudi GDP comes from the non-oil sector. Saudi Arabia has emerged as a dynamic, diversified economy and a global tourism destination.”

Hallab concluded: “We at the Saudi-US Business Council are proud to contribute to this transformation and are committed to deepening our shared economic future.”