The U.S.-Saudi Arabian Business Council (USSABC) was established as a non-profit organization in 1993 as a spin-off of the U.S.-Saudi Arabian Joint Economic Commission, a technical assistance initiative between the Saudi Ministry of Finance and National Economy and the U.S. Department of the Treasury, which was co-chaired by former Saudi Minister of Finance and National Economy H.E. Mohammed Abalkhail and U.S. Secretary of the Treasury Lloyd Bentsen.

