03 September 2015
In conjunction with the official visit of Custodian of the Two Holy Mosques King Salman to the United States, the US-Saudi Investment Forum is scheduled to be held at the Ritz Carlton Hotel in Washington on Friday.
The forum organized by the Council of Saudi Chambers (CSC), in coordination with the US Saudi Business Council and the Saudi Arabian General Investment Authority, is expected to bring the Saudi and US government officials and business leaders to a common platform to discuss business and investment opportunities in sectors such as downstream petrochemicals, health and medical care, education and training, financial services and industrial development.
The US and Saudi Arabia share over 80 years of collaboration based on mutual respect, values and goals. The US has the highest share of FDI stock in Saudi Arabia. The Kingdom is the world's largest producer of oil and desalinated water and home to the world's largest industrial complex and metro infrastructure.
The forum will also feature the Saudi Export Development Authority (Saudi Exports), the independent national authority that seeks to develop Saudi nonoil exports that are diverse and globally competitive.
Saudi Exports aims to grow domestic trade by enhancing SME export readiness, promoting new export opportunities, and advancing ecosystem efficiency and international market access.
Key speakers expected to address the forum on behalf of the Kingdom include Finance Minister Ibrahim Al-Assaf, Commerce and Industry Minister Tawfiq Al-Rabiah, Health Minister Khalid Al-Falih, Abdullatif Al-Othman, governor and chairman, Saudi Arabian General Investment Authority, Abdulrahman Al-Ibrahim, governor of SWCC, Abdulrahman Al-Mofadhi, secretary-general, Public Investment Fund, Alaa Nassif, CEO, Royal Commission for Yanbu, Abdallah Jum'ah, Saudi Arabian Co-Chairman, USSABC and Chairman, Saudi Investment Bank, Abdul Rahman Al-Zamil, president of the Council of Saudi Chambers, Yousef Al-Benyan, acting CEO, SABIC, Saleh Alamr, CEO, Colleges of Excellence, and Abdulrahman Al-Wohaib, senior vice president, downstream operations, Saudi Aramco.
The delegation representing the Saudi business sector will be led by CSC President Abdulrahman Al-Zamil.
"The Saudi team will comprise elite businessmen who are committed to build economic and trade relations between the two countries since the United States is an important trade partner of the Kingdom," Al-Zamil said Wednesday.
He added that the two countries are linked by a number of economic agreements in the field of support, promotion and protection of investments, noting the importance of exchange of meetings between the business sectors of the two countries and the discovery of fields and opportunities that are characterized by the two sides to boost trade ties.
Explaining that the forum aims to stimulate Saudi companies and their US counterparts to strengthen their cooperation in the areas of business and joint ventures, Al-Zamil said the delegates will also discuss and explore investment opportunities in the two countries and promote trade and investment partnership between businessmen of the two countries.
Saudi Arabia plays an important role in the US economy largely because of its position as one of the most influential members of the Organization of the Petroleum Exporting Countries (OPEC), and because of its progressively growing trade and investment relations.
Thousands of US citizens live and work in the Kingdom, which hosts one of the largest overseas American communities. Saudi Arabia has also forged closer ties with the US in the energy sector.
In conjunction with the official visit of Custodian of the Two Holy Mosques King Salman to the United States, the US-Saudi Investment Forum is scheduled to be held at the Ritz Carlton Hotel in Washington on Friday.
The forum organized by the Council of Saudi Chambers (CSC), in coordination with the US Saudi Business Council and the Saudi Arabian General Investment Authority, is expected to bring the Saudi and US government officials and business leaders to a common platform to discuss business and investment opportunities in sectors such as downstream petrochemicals, health and medical care, education and training, financial services and industrial development.
The US and Saudi Arabia share over 80 years of collaboration based on mutual respect, values and goals. The US has the highest share of FDI stock in Saudi Arabia. The Kingdom is the world's largest producer of oil and desalinated water and home to the world's largest industrial complex and metro infrastructure.
The forum will also feature the Saudi Export Development Authority (Saudi Exports), the independent national authority that seeks to develop Saudi nonoil exports that are diverse and globally competitive.
Saudi Exports aims to grow domestic trade by enhancing SME export readiness, promoting new export opportunities, and advancing ecosystem efficiency and international market access.
Key speakers expected to address the forum on behalf of the Kingdom include Finance Minister Ibrahim Al-Assaf, Commerce and Industry Minister Tawfiq Al-Rabiah, Health Minister Khalid Al-Falih, Abdullatif Al-Othman, governor and chairman, Saudi Arabian General Investment Authority, Abdulrahman Al-Ibrahim, governor of SWCC, Abdulrahman Al-Mofadhi, secretary-general, Public Investment Fund, Alaa Nassif, CEO, Royal Commission for Yanbu, Abdallah Jum'ah, Saudi Arabian Co-Chairman, USSABC and Chairman, Saudi Investment Bank, Abdul Rahman Al-Zamil, president of the Council of Saudi Chambers, Yousef Al-Benyan, acting CEO, SABIC, Saleh Alamr, CEO, Colleges of Excellence, and Abdulrahman Al-Wohaib, senior vice president, downstream operations, Saudi Aramco.
The delegation representing the Saudi business sector will be led by CSC President Abdulrahman Al-Zamil.
"The Saudi team will comprise elite businessmen who are committed to build economic and trade relations between the two countries since the United States is an important trade partner of the Kingdom," Al-Zamil said Wednesday.
He added that the two countries are linked by a number of economic agreements in the field of support, promotion and protection of investments, noting the importance of exchange of meetings between the business sectors of the two countries and the discovery of fields and opportunities that are characterized by the two sides to boost trade ties.
Explaining that the forum aims to stimulate Saudi companies and their US counterparts to strengthen their cooperation in the areas of business and joint ventures, Al-Zamil said the delegates will also discuss and explore investment opportunities in the two countries and promote trade and investment partnership between businessmen of the two countries.
Saudi Arabia plays an important role in the US economy largely because of its position as one of the most influential members of the Organization of the Petroleum Exporting Countries (OPEC), and because of its progressively growing trade and investment relations.
Thousands of US citizens live and work in the Kingdom, which hosts one of the largest overseas American communities. Saudi Arabia has also forged closer ties with the US in the energy sector.
© Arab News 2015
