U.S.-Saudi Arabian Business Council to Lead Mission of 15 Agriculture, Water, and Food Companies
The mission consists of 15 leading companies involved agriculture production, irrigation, livestock breeding, processed food, halal foods, organic fertilizers, soil treatment, animal feed and feed additives, land-use mapping, and low water use grass seeds. Major companies include Schreiber Foods, Turkey Hill Dairy, Oregon Hay Products, and Holstein Association USA, Inc.
Participants of the business development mission will exhibit at Saudi Agriculture 2011/Agro-Food, one of the largest and longest-running international trade shows in the Kingdom. The delegation will be located within the American Pavilion at the show with a total of five booths. In conjunction with the show, the Business Council will facilitate one-on-one meetings with leading Saudi agriculture and food companies for potential partnership.
“The Business Council recognizes that food security is of utmost importance to Saudi Arabia,” said Edward Burton, USSABC President and Managing Director. “This is the second time the Business Council has attended Saudi Agriculture/Agro-Food, and we have made it a priority to support the King Abdullah Food Security Initiative.”
The mission program includes briefings from Dr. Tahwid Al Saffy, Director of the Agriculture Trade Office at the U.S. Embassy in Riyadh and Mr. Samir Kabbani, Chairman for the National Agriculture Committee at the Council of Saudi Chambers. Delegates will also hear a presentation from the Saudi Arabian General Investment Authority (SAGIA).
The Business Council is organizing a number of events for the delegation including a reception at the Riyadh Equestrian Club on Sept. 21st for leading company executives and Members of the Business Council. On Sept. 24th, the delegation will travel to Al-Ahsa to visit the Al-Ahsa Chamber of Commerce and Industry and visit with local farming and agribusinesses.
Saudi Arabia is the largest market in the Middle East for agriculture products and technologies. The sector has recently averaged an 8 percent annual growth rate, due in part to a rapidly growing population. Reflecting the government’s strong support of the sector’s continual development, agriculture, water, and infrastructure projects received $13.55 billion of the 2011 government budget, an increase of 10.4 percent over the previous year.
About the U.S.-Saudi Arabian Business Council
The U.S.-Saudi Arabian Business Council (USSABC) is a non-profit organization that works to improve the mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and promote and facilitate increased bilateral trade and investment. Established in December 1993, the USSABC has built a membership base of approximately 400 leading companies in the two countries. Over the past five years, the Business Council has assisted in the development of over $100 million (SR375 million) in bilateral business deals. The USSABC organizes conferences and seminars in both countries to promote dialogue between the two private sectors and leads trade and investment missions to initiate new business opportunities and attract foreign investment in the Kingdom. For more information about the USSABC, please visit www.us-sabc.org.
Vice President, Business Development
U.S.-Saudi Arabian Business Council