USSABC Leads Delegation of Young Saudi Entrepreneurs to New York and Boston
The U.S.-Saudi Arabian Business Council (USSABC) led a visiting delegation of Saudis to New York City, New York, and Boston, Massachusetts on February 12-18, 2011. The delegates were recipients of the Prince Salman bin Abdul-Aziz Young Entrepreneurs Award, a program that encourages and supports the development of young Saudi professionals. The scope of entrepreneurship covered by the Prince Salman Bin Abdul-Aziz Young Entrepreneur Awards is broad and includes founders of start-up companies and institutional innovators within large corporations or government organizations. The 10 Saudi participants are involved in the financial services, information communications and technology, construction, human resources, and retail sectors.
The group visited the two hubs of U.S. business and entrepreneurial activity to meet with companies and institutions whose experience and expertise may serve as a model for entrepreneurial development in Saudi Arabia.
Executives of Morgan Stanley provided an overview of U.S. and international investment prospects and wealth management, as well as a global investment strategic outlook. The group also met with representatives of the Trump Organization and had an opportunity to learn about the role of communications and media, including advertising, media coverage, and social media, in the modern business world from Fleishman-Hillard Inc. King & Spalding LLP hosted the delegation for lunch where senior partners offered informative presentations on issues of business law.
The New York visit also consisted of meetings with senior executives from Kohlberg Kravis Roberts & Co., New York City Investment Fund, Proctor Capital Managers LLP, Endeavor, HSBC, NYC Seed, NYC Tech Connect, Contour Venture Partners, and Long Island Cares Inc. - Harry Chapin Food Bank. The delegation also visited the Eugene Lang Entrepreneurship Center, the New York Stock Exchange, and Columbia Business School.
The participants had a chance to learn about the financial strength of Boston through meetings with Monitor Group, Bain Capital Ventures, Atlantic Financial Inc., and Babson College. The trip concluded with a visit to Harvard University to meet with representatives of Harvard Business School, Harvard Kennedy School, and founders and experts at AllWorld Network.
Established in 2006, the Prince Salman Bin Abdul-Aziz Young Entrepreneur Awards aim to support the young entrepreneurs of Saudi Arabia and instill an entrepreneurial spirit among the future generation of Saudi leaders. The program partners with regional and international award committees and organizes educational seminars, forums, and training workshops that offer entrepreneurs opportunities to network and share experience with top executives and world leaders.
The following companies and organizations participated in the mission: