Saudi Arabian Minister of Investment Khalid Al-Falih is expected to arrive in the country on Tuesday.
A statement by the Ministry of Investment, Trade and Industry said Al-Falih will be accompanied by a delegation of over 30 leading companies from the country.
They intend to finalise business deals with companies in Kenya.
The delegation includes companies in banking, construction, energy, hospitality, agriculture, and technology among others
They are listed on the Saudi Stock Exchange (Tadawul) and have investments amounting to over Sh140 trillion.
They include Saudi Exim Bank, Saudi Fund for Development, Tadawul, Red Sea Gateway Terminal, Seera Group, Arco, Mepco, Almarai, Maaden, Al Rajhi International for investments, Saudi National Bank, Flynas and the Grand mining group.
During their visit, they will meet with President William Ruto and state officials and hold talks on business forums for government to government and business-to-business.
They will also visit key project sites in the country.
The Ministry of Trade noted that the business engagements agreed on will be a major boost to Kenya's economy and will promote trade opportunities for both countries.
The visit follows months of consultations between Trade CS Moses Kuria and Al-Falih.
Kuria has welcomed the visit, noting that it underlines the strong relationships between the two countries.
"We look forward to exploring potential business opportunities and partnerships. Their presence here underscores our commitment to attracting foreign investment and creating jobs for our people," he said.