U.S.-Saudi Arabian Business Council and American Business Association – Eastern Province to Host Reception for Saudi Delegation at the Offshore Technology Conference

VIENNA, VA – April 26, 2011 – The U.S.-Saudi Arabian Business Council and the American Business Association, based in the Eastern Province of Saudi Arabia, will host a reception in honor of the visiting Saudi delegation of businessmen to the Offshore Technology Conference (OTC) on Wednesday, May 4th.

This year, the U.S. Commercial Service is bringing a delegation of over 95 representatives from some of the largest Saudi companies, including Abdulla Fouad Holding Co., Rezayat Trading Co. Ltd., and Abdulhadi Al-Qahtani & Partners Group, among others. Representatives from Saudi Aramco and Aramco Services Company will also be present.

The program will feature remarks from Amer Kayani, Minister Counselor of Commercial Affairs at the American Embassy in Riyadh, Mike McKinzie, Board Member of ABA – EP, and Business Council President and Managing Director Edward Burton. “We look forward to OTC each year, because it is such an exceptional occasion to bring leaders from the U.S. and Saudi energy industries together and provide the opportunity to establish real business relationships,” Mr. Burton said. The reception, organized annually by the Business Council, draws over 150 U.S. and Saudi industry leaders in oil, gas, and petrochemicals.

Saudi Arabia, with its lucrative market and long-standing relationship with the U.S., presents numerous business opportunities for American companies. Over the next five years, the Saudi Government and Saudi Aramco plan to spend approximately $107 billion on upstream and downstream operations, particularly in the areas of natural gas and offshore drilling.

“Developmental and infrastructure growth in Saudi Arabia is expected to present major opportunities in increase U.S. and consequentially create American jobs for many years to come. U.S. exports equal American jobs,” said Mr. McKinzie.

About the USSABC

The U.S.-Saudi Arabian Business Council (USSABC) was established in December 1993 to improve the mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and to promote and facilitate increased trade and investment between the two countries. The USSABC has built a membership base of approximately 400 leading companies in the U.S. and Saudi Arabia and serves as the central source of information and assistance for companies that want to pursue specific business activities in Saudi Arabia. The USSABC organizes conferences and seminars in both countries to promote dialogue between the two private sectors, as well as trade and investment missions that provide networking opportunities for U.S. and Saudi companies. For more information on the Business Council, please visit www.us-sabc.org.

About the American Business Association – Eastern Province

The American Business Association – Eastern Province (ABA-EP), located in Al-Khobar, Saudi Arabia, was founded in 1976 by leading U.S. businesses and the U.S. Consulate. Over the past 35 years the organization has continued to grow and expand its activities for the American business community and its membership. ABA-EP has been working to identify and promote the common interests of Americans and American businesses in the Eastern Province for over 35 years. ABA-EP plans events, dinner meetings, trade forums, and other activities in an effort to encourage business developments for its members and other U.S. companies. For more information on ABA-EP, please visit www.abaksa.org.

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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