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|13 September, 2018

Saudi Arabia, US to launch SME forum in October

Saudi Arabia and the US are to launch the US-Saudi small and medium-sized enterprises (SME) Forum in a bid to boost bilateral trade between the two nations

Visitors and guests are seen at the OIL SERV stand during the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. IMage used for illustrative purposes.

Visitors and guests are seen at the OIL SERV stand during the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. IMage used for illustrative purposes.

REUTERS/Hamad I Mohammed

Riyadh –  Saudi Arabia and the US are to launch the US-Saudi small and medium-sized enterprises (SME) Forum in a bid to boost bilateral trade between the two nations, sharing of know-how, and co-innovating solutions.

The forum, that will offer in-depth case study workshops with selected Saudi and US SMEs, is set to run during the period between 1 and 2 October at the JW Marriott Los Angeles L.A. LIVE in California.

The two-day event will be launched under the auspice of state-run Saudi Aramco, the US Commercial Service, the Small and Medium Enterprises General Authority, and the US-Saudi Arabian Business Council, according to Saudi Gazette.

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“Estimates show that SMEs comprise 90 percent of businesses in Saudi Arabia and account for 60 percent of total employment,” the US-Saudi Arabian Business Council’s CEO Edward Burton stated.

Source: Mubasher

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