Ms. Rice later joined other participants in the Forum for the Future, 25 Middle east and North African countries, the G-8 Industrialized nations, and Denmark, Spain and Greece, in a ceremony launching two new entities connected with it.
The Foundation for the Future will promote free media and other democratic institutions in the region, and the Fund for the Future, aimed at advancing economic reform by financing small and medium-sized businesses.
The United States is putting up a total of 85 million dollars, more than the half the initial funding for the two bodies.
Sizable contributions are also being made by, among others, Bahrain, Egypt and Morocco.
Ms. Rice flies to Jeddah late Saturday for the inaugural meeting of the U.S.-Saudi Arabian strategic dialogue.