An American commercial delegation is looking for investment opportunities in water treatment and energy facilities services in the Asharqia Chamber
A member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, Monday, December 5, 2022, Met with the Executive Vice President of the Saudi-American Business Council, David Callahan, where they discussed aspects of joint economic cooperation, in the presence of a member of the Board of Directors Badr bin Muhammad Al-Abdulkarim, Secretary-General Abdul Rahman bin Abdullah Al-Wabel, and director of the Houston office of the Business Council The Saudi American Ishtiaq Hussain.
The Chamber received a US trade delegation specialized in water treatment, administrative and industrial consulting, business technology, and services for energy and industry facilities. It witnessed a remarkable presence from the business sector, as it discussed the most promising investment opportunities.
Al-Turki said that the Kingdom has strong economic and trade relations with the United States of America, which made it one of the most important trading partners of our country, with a joint trade volume in 2021 that amounted to about 114.1 billion riyals, an increase of about 28 billion riyals from 2020 AD, and that it ranks sixth among countries. The Kingdom exports to and is ranked second to the countries from which it is imported, and more than 700 American companies operate in the Kingdom, and more than 21 American brands are in the market until the current year.
She indicated that there is a mutual keenness between the two countries to enhance the exchange of trade delegations at all levels to strengthen bilateral relations, as trade relations are witnessing rapid development and growth, and broader horizons of cooperation await them in light of the new government measures and incentives that liberated the national economy and given the tangible participation and desire of American companies. By entering the investment sectors in which the Kingdom has expanded, such as the water treatment, industry, energy, and technology sectors, within the framework of its implementation of the goals of Vision 2030 AD by diversifying the economic base.
