17/04/2010
Through the Saudi-American business opportunities forum, with the presence of U.S. top businessmen and companies in the Kingdom
The distinguished relationship between Saudi Arabia and America has contributed in promoting mutual relation between the two countries.
In the photo we see King Abdullah bin Abdulaziz, Custodian of the Two Holy Mosques awarding President Obama with King Abdul Aziz collar granted for friendly countries leaders in the world
Ahigh-level Saudi delegation is heading end of this month headed by Minister of Trade and Industry and with the participation of ministers of finance, petroleum, education, and the chief of the financial market, and business leaders and companies in the Kingdom to the United States to convene the Saudi-American business forum which will be the Kingdom, in which the Kingdom will present an investment portfolio to the U.S. worths trillion riyals, includes a number of strategic opportunities that will strengthen the economic partnership and contribute to the exchange of investment opportunities between the two countries.
The investment opportunities which the Kingdom will present focuses on a number of sectors as: energy, petrochemicals, electricity, water, infrastructure, knowledge, financial markets, trade and investment, and agricultural, at the time would seek to by both sides to strengthen the trade relation through the coming years.
Following are more details:
A high-level Saudi delegation is heading end of this month headed by Minister of Trade and Industry and with the participation of ministers of finance, petroleum, education, and the chief of the financial market, and business leaders and companies in the Kingdom to the United States to convene the Saudi-American business forum which will be the Kingdom, in which the Kingdom will present an investment portfolio to the U.S. worths trillion riyals, includes a number of strategic opportunities that will strengthen the economic partnership and contribute to the exchange of investment opportunities between the two countries.
The investment opportunities which the Kingdom will present focus on a number of sectors as: energy, petrochemicals, electricity, water, infrastructure, knowledge, financial markets, trade and investment, and agricultural, at the time would seek to by both sides to strengthen the trade relation through the coming years
For his part,Dr.Omar Bahlewah, General Secretary of the International Trade Commission declared for for «Al-Eqtissadiyah», that the Forum will be attended by the a high-level Saudi delegation led by Mr.Abdullah Zainal, Minister of Commerce, and Abdullah Al-Hammoudi, Undersecretary of Trade and Industry Ministry of Foreign Trade, and Dr. Khalid Al-Sulaiman, Undersecretary of the Ministry of Commerce and Industry for Industry, along with Dr. Abdulrahman Al Tuwaijri, Head Saudi Capital Market Authority Council, and members of International Trade Commission for Saudi Chambers Council, with major businessmen in the Kingdom.
He pointed out that giving the forum such title "Saudi-American Business Opportunities ", came from the standpoint of finding the title attractive especially for small and medium-size enterprises of America.
General Secretary of International Trade Commission stressed that the best investment lies in the small-medium enterprises, addressing Chicago located in the state of Elnoy ranked 13 among the largest economy in the world, to deepen the strength of the sector.
Bahlaiwa notied that the Kingdom will present at the Forum a divesfied investment portfolio investment valued at about one trillion riyals, whether in infrastructure such as energy, electricity, water, petrochemicals, and manufacturing industries, in addition to investment opportunities in the field of knowledge, and strategic industrial in which the Kingdom intends to approve the operational plans during the coming period, as well as reviewing the initiative Saudi agricultural, and opportunities in the Saudi capital market, noting that the presentations will also include small and medium enterprises.
For his part, Dr. Abdulrahman Al Zamil, Chairman of Zamil Industrial Investment Company, that he would seek throughout the forum to meet with strategic partners for his company, to agree on signing some contracts, pointing out that he had proposed earlier in the signing of agreements with the U.S. side responsible for promoting the partnership and the economic development between the two countries.
Mr. Abdul Aziz Al Abdulqader, Member of the Foreign Relations Committee of Saudi Chambers Council has considerd that the forum will highlight the aspects of development in the Kingdom, and the changes that occurred in the era of the Custodian of the Two Holy Mosques, and development in all its forms, with strengthening the relations between the two countries.
For his part, Dr. Abdulaziz Al-Jazzar, CEO of Al-Malaz financial Co. that his company will sign an agreement with Intel American Intel Capital through a partnership with Saudi IT and communication companies.
Pointing out that the Saudi delegation will be large and will be attended by a very large number of American delegations, also signing a number of mutual agreements will take part between Saudi businessmen and American companies, he added: «We aspire to present for us and seeks to move their business by opening a branches in the Kingdom
