USSABC and WTC to Host Seminar on Expanding Business in Saudi Arabia for Washington Companies
VIENNA – Feb. 9, 2011 – The U.S.-Saudi Arabian Business Council and the World Trade Club in Seattle will host a reception to discuss the expanding business opportunities in Saudi Arabia for Washington State companies on Thursday, Feb. 17th at the Columbia Tower Club from 4:30-6:30 p.m. IgniteBiz, a Kirkland-based business development company, is a supporting partner of this event.
The program will feature a presentation from Business Council President and Managing Director Edward Burton on the $1.4 trillion in trade and investment opportunities in Saudi Arabia. Executives from The Boeing Company, KMD Architects, and Greenpoint Technologies, Inc. will also offer remarks on their experiences and successes in the Kingdom. The reception has attracted leading representatives from the greater Seattle business community.
Trade relations between the State of Washington and Saudi Arabia have significantly strengthened over the past several years. Washington State ranks 21st among U.S. state exporters to Saudi Arabia. In 2009, the State of Washington exported $162,402,978 worth of merchandise to the Kingdom. The largest categories of exports include: transportation equipment, agricultural products, machinery (except electrical), and computer and electronic products.
The reception will be the third event that the Business Council has organized in collaboration with other organizations in Washington State. In May 2009, the USSABC hosted a dinner in honor of H.E. Abdullah Alireza, Minister of Commerce and Industry of Saudi Arabia that drew over 140 attendants.
Individuals interested in attending the reception should visit the website of the World Trade Club in Seattle at www.worldtradeclub.net.
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 World Trade Club
Established in 1946, the World Trade Club is one of the oldest as well as one of the largest international trade organizations in Washington. The Club’s mission is to provide a forum for the business community to acquire practical skills for international business – marketing, finance, and import/export procedures; give briefings on international trade issues; expand the understanding of business practices of U.S. trading partners; and develop long-term strategic contacts to advance international business. World Trade Club meetings provide an excellent opportunity to learn while networking with others in the trade community. The Club has monthly meetings which feature noted experts who make presentations on international trade topics. The Club also organizes skill sessions and seminars to provide in-depth information on very specific issues of interest to its members. For more information on the World Trade Club, please visit www.worldtradeclub.net.
IgniteBiz builds stronger partnerships between North America and the Middle East with an emphasis on the Gulf Cooperation Council countries through commerce, trade and cross-cultural understanding. Combining a global outlook with local insight, IgniteBiz connects leading companies, deals and partners and helps them define effective strategies within the Middle East and beyond. For more information on IgniteBiz, please visit www.ignitebiz.com.
Vice President, Business Development
U.S.-Saudi Arabian Business Council