Mayor Mark Mallory and U.S.-Saudi Arabian Business Council to Host Seminar on Business Opportunities in Saudi Arabia for Ohio Companies
The seminar speakers will include Cincinnati Mayor Mark Mallory; Vice President of Business Development for the USSABC, David Callahan; and General Manager for Jedson Engineering Inc., Rami Abdallah. Marcia Brandstadt, Director of the Cincinnati U.S. Commercial Service for the U.S. Department of Commerce, will moderate the event.
The seminar will promote the Cincinnati Area Business Development Mission to Saudi Arabia that the USSABC and the City of Cincinnati are organizing for January 14-18, 2012. Mayor Mark Mallory will lead the mission. Participating companies will have a unique opportunity to develop or increase business and acquire key contacts in the Saudi market by joining the mission. Saudi Arabia’s ambitious national development plan has committed to spending $385 billion on projects through 2014.
“The City of Cincinnati and our business leaders recognize the importance of pursuing business opportunities in Saudi Arabia, which is an important emerging market for many of our region’s top industries,” said Mayor Mallory. “In order to continue to create jobs and grow Cincinnati’s economy, we must actively pursue new international markets for our companies and attract foreign investment in our city.”
With $43 billion in bilateral trade between the U.S. and Saudi Arabia in 2010, Saudi Arabia has demonstrated a growing preference for U.S. products, technologies, and services. Industries that are experiencing dramatic growth in Saudi Arabia include petrochemicals and plastics, healthcare, information and communications technology, power generation, and construction (engineering, architecture, design, supplies, and services).
“The Business Council is pleased to be partnering with Mayor Mallory and the City of Cincinnati,” said Edward Burton, USSABC President and Managing Director. “Companies from the greater Cincinnati area and across Ohio have high-quality products and services that are in high demand in the Kingdom. I am confident that the businesses joining us on this mission will find an interested and receptive audience in the Saudi market.”
The seminar and the mission are open to all Ohio companies. Registration for the seminar is free. Please register at www.us-sabc.org/cincinnati.
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. For more information about the USSABC, please visit www.us-sabc.org.
About the U.S.-Commercial Service
The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. U.S. Commercial Service trade professionals in over 100 U.S. cities and in more than 75 countries help U.S. companies get started in exporting or increase sales to new global markets. For more information about the U.S. Commercial Service, please visit www.trade.gov.
Vice President, Business Development
U.S.-Saudi Arabian Business Council
8081 Wolftrap Road, Suite 300
Vienna, Virginia 22182
Tel.: (703) 962-9300
Fax: (703) 204-0332