USSABC, ABGR Host Chicago Council on Global Affairs in Riyadh

WASHINGTON, D.C. — (U.S. Newswire) — February 17, 2009 —
The U.S.-Saudi Arabian Business Council (USSABC) and the American Businessmen’s Group of Riyadh (ABGR) hosted a delegation of the Board of Directors of The Chicago Council on Global Affairs at a breakfast in Riyadh on Saturday, February 14, 2009. The $67.3 billion in trade between the U.S. and Saudi Arabia in 2008 was the background of a joint USSABC-ABGR panel that discussed key topics, such as the current status of the Saudi economy, the legal system in Saudi Arabia, and the benefits of doing business with the Kingdom. Members of the panel included Mr. Peter Robertson, U.S. Co-Chairman, USSABC and Vice Chairman, Chevron; Mr. Dan Cagle, Chairman, ABGR; Mr. John Sfakianakis, Chief Economist, SABB; Mr. Ronald Pump, Managing Attorney, The Law Firm of Mohamed Al-Sharif; and Mr. Desmond Carr, Chairman, ExxonMobil Saudi Arabia.

“The Chicago Council’s visit is well-timed,” said Robertson. “Saudi Arabia is committed to an ambitious plan of national development that presents an abundance of opportunities for U.S. companies. “ He added “the USSABC is responding to an upsurge in inquiries about the Kingdom and is coordinating visits from a number of business delegations in 2009.”

The visit is part of The Chicago Council’s Leadership Study Mission, in which it has visited other Middle Eastern destinations in order to better understand the region’s political, economic, and social trends. The delegation is led by Mr. Lester Crown, Chairman of The Chicago Council on Global Affairs, and includes high-level business and civic leaders from the city of Chicago.

About the U.S.-Saudi Arabian Business Council
The U.S.-Saudi Arabian Business Council (USSABC) is a non-profit organization with offices in the Washington, D.C. metropolitan area and Riyadh, Saudi Arabia. Incorporated in December 1993, our mission is to foster, develop, and expand the business relationship between the U.S. and Saudi Arabia by promoting trade and investment between the two countries and contributing to the accurate depiction of the business environment within the Kingdom of Saudi Arabia. We are a membership-driven organization with an impressive member roster that includes some of the most influential companies in the United States and Saudi Arabia.

The USSABC offers a wide range of products and services aimed at continually expanding business opportunities between Saudi Arabian and American companies. In addition to sponsoring business trade missions to and from Saudi Arabia, the USSABC offers Business Development Services, Networking Services, and Communications & Information Services.

For more information about the USSABC, please visit our website at: www.us-sabc.org.

About the American Businessmen’s Group of Riyadh
The American Businessmen’s Group of Riyadh (ABGR) is a group of American professionals that live and work in Riyadh. The group’s vast membership base is comprised of many businessmen who have had extensive business relations in the Kingdom and represent various high-profile Saudi firms. The ABGR is a proponent of idea exchange, as well as business cooperation, and has proven to be very helpful in the development of Saudi business contacts and relations for its delegations.

About The Chicago Council on Global Affairs
The Chicago Council on Global Affairs, founded in 1922 as The Chicago Council on Foreign Relations, is a leading independent, nonpartisan organization committed to influencing the discourse on global issues through contributions to opinion and policy formation, leadership dialogue, and public learning. The Council hosts public programs and private events featuring world leaders and experts with diverse views on a wide range of global topics. Through task forces, conferences, studies, and leadership dialogue, the Council brings Chicago's ideas and opinions to the world.


Contact:
David Callahan
Vice President, Business Development
U.S.-Saudi Arabian Business Council
Phone: 703-962-9300
Fax: 703-204-0332
Mobile: 703-609-1199
Website: www.us-sabc.org
E-mail: dcallahan@us-sabc.org


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