Top Saudi Government and Business Leaders Gather in Washington, D.C. with U.S. Counterparts on State Visit of Custodian of the Two Holy Mosques, King Salman
WASHINGTON, D.C. - September 1, 2015 - A delegation of more than 100 leaders in Saudi Government and Business, including Ministers, Deputy Ministers, CEOs, Senior Executives, and Heads of Government Regulatory Authorities will participate in a U.S.-Saudi Investment Forum on September 4, 2015 in Washington, D.C.
The Forum will highlight Saudi Arabia’s rapidly expanding economy, more than $1 trillion in trade and investment opportunities, and prospects for greater collaboration between Saudi Arabia and the U.S. The event will focus specifically on the Saudi Investment Climate, and opportunities in Downstream Petrochemicals, Health and Medical Care, Education and Training, Financial Services, and Industrial Development.
“American companies from the early days of the Kingdom have always played an important role in the Saudi Arabian business community,” states H.E. Eng. Abdullatif Al-Othman, Governor and Chairman of the Saudi Arabian General Investment Authority. “As we initiate a new positive phase of investment to diversify and expand the economy, we are excited about moving more American companies from exploring the market, to becoming key players in the market. We have both the opportunities and the incentives that make the Kingdom a world-class destination for investment. The Forum will serve as a fantastic opportunity to showcase all Saudi Arabia has to offer.”
Saudi Arabia is currently investing heavily in its social infrastructure and seeking to diversify its economic base away from heavy dependence on crude oil sales. Opportunities abound for U.S. companies ready to partner with Saudi Arabia to meet the demands of its rapidly growing economy. The International Monetary Fund in 2015 declared the country one of the world's strongest growing economies.
Edward Burton, President and CEO of the U.S.-Saudi Arabian Business Council said, “For U.S. firms, Saudi Arabia’s competitive package of land, utility and infrastructure services coupled with its access to Middle Eastern, European, Asian and African markets make it a destination that any serious industry investor with long-term aspirations in the region needs to look very closely at.”
The Investment Forum is designed to create a platform for senior business people and government representatives from both countries to review specific commercial and investment opportunities and network with potential business partners. The Forum will feature Davos-style panels and keynote addresses from U.S. company executives successfully engaged in the Saudi market alongside Saudi Government and private-sector experts from a wide variety of fields.
All interested participants are invited to view more information on the U.S.-Saudi Investment Forum at www.us-sabc.org. The site features an up-to-date program schedule, as well as information on how to contact the organizers.
The event is being jointly organized by Saudi Arabian General Investment Authority (SAGIA) and U.S.-Saudi Arabian Business Council (USSABC), in collaboration with the Council of Saudi Chamber.
Confirmed speakers and moderators include:
- H.E. Dr. Ibrahim Al-Assaf, Minister of Finance
- H.E. Tawfiq Alrabiah, Minister of Commerce and Industry
- H.E. Khalid Al-Falih, Minister of Health
- H.E. Eng. Abdullatif Al-Othman, Governor and Chairman, SAGIA
- H.E. Dr. Abdulrahman Al-Ibrahim, Governor, SWCC
- H.E. Dr. Abdulrahman Al Mofadhi, Secretary General, Public Investment Fund
- H.E. Dr. Alaa Nassif, CEO, Royal Commission for Yanbu
- Dr. Abdul Rahman Al-Zamil, Chairman, Council of Saudi Chambers of Commerce and Industry
- Dr. Saleh Alamr, CEO, Colleges of Excellence
- Mr. Abdulrahman Al-Wuhaib, Senior Vice President, Downstream Operations, Saudi Aramco
Plenary discussion topics will include:
- Fostering an Attractive Investment Climate
- Financial Services Sector: Trends and Opportunities
- Saudi Downstream and Chemicals Opportunities
- Strategic Priorities of the Saudi Healthcare System
- Opportunities for Collaboration in the Education and Vocational Training Sectors
- Expanding the Saudi Industrial Base
About the Organizers
Saudi Arabian General Investment Authority (SAGIA) is the driving force behind Saudi’s investment program. Its aim is to turn opportunity into success, promising rich returns for investors. A creative and committed partner to investors, SAGIA embodies the new competitive spirit of Saudi. As the nation’s economic momentum builds, SAGIA provides the constant impetus of innovation and opportunity that will help position it as the location of choice for businesses and investors from around the world. SAGIA is offering ambitious businesses an amazing opportunity. Companies that set up here will benefit from exceptional services and facilities, giving them the perfect conditions to maximize their efficiency and grow their business yet further. For more information, visit www.sagia.gov.sa.
U.S.-Saudi Arabian Business Council (USSABC) is the premier organization that assists U.S. companies in identifying business partners in Saudi Arabia. With over 400 leading U.S. and Saudi member companies, the Business Council is in constant dialogue with U.S. and Saudi companies to help them identify trade and investment opportunities in both countries. USSABC services include trade missions, business development and consulting services, seminars, industry reports, and custom research on markets, businesses, and market strategy to provide the best access, networking, and insight to ensure that companies succeed. For more information, visit www.us-sabc.org.
Council of Saudi Chambers of Commerce and Industry (CSC) is the official federation for the 28 Saudi Chambers. The Council was formed in March 1980 with its head office in Riyadh. Its main objective is to observe the common interests of the Saudi Chambers, represent them on local and international levels and assist in the enhancement of the private sector's role in the development of the national economy. It acts as a leading partner in the nation’s development process, and helps preserve its human and financial resources as per the Islamic values. For more information, visit www.csc.org.sa.