HRH Prince Saud Bin Khalid Al-Faisal and Chamber President and CEO Tom Donohue discuss economic opportunities during Thursday's roundtable. Photo by Ian Wagreich / © U.S. Chamber of Commerce
|
U.S. Chamber
President and CEO Tom Donohue had the honor Thursday of hosting the
leadership of the Saudi Arabian General Investment Authority (SAGIA) and
the Council of Saudi Chambers of Commerce & Industry for a
roundtable discussion focused on a shared goal -- deepening and
expanding bilateral trade and investment across a number of sectors.
The distinguished Saudi delegation included HRH Prince
Saud Bin Khalid Al-Faisal, deputy governor of SAGIA; Dr. Abdul Rahman
Al-Zamil, president of the Council of Saudi Chambers; Omar Bahlaiwa,
secretary general of the Committee for International Trade of the
Council of Saudi Chambers; and several prominent Saudi business leaders.
They were joined at the D.C. gathering by representatives from more
than two dozen leading American businesses. At the meeting, Prince Saud
noted that the relationship between the United States and the Kingdom of
Saudi Arabia is strategic, and our nations are coordinated on a number
of critical global issues. On Saudi Arabia's economy, he said the
Kingdom "is an exciting place with a lot going on," pointing to a
variety of sectors and GDP growth of more than 130% over the past 10
years.
The Chamber established a formal working relationship with
the Council of Saudi Chambers, the Kingdom's leading business
organization, last year at a ceremony in Riyadh in order to promote
greater economic cooperation between the United States and Saudi Arabia.
The Chamber also is partnering with SAGIA to develop a strategy to
boost investment, competitiveness and innovation in a number of key
sectors in the Kingdom, as well as explore how to strategically advance a
vibrant and competitive future for Saudi Arabia's biopharmaceutical,
medical, ICT, renewable energy, petrochemical and other industries.
As Saudi Arabia strives to diversify its economy while
drawing upon a deep pool of talented, highly educated workers in the
Kingdom, the Chamber will work closely with our partners at SAGIA and
the Council of Saudi Chambers to educate American businesses about
opportunities, identify and remove obstacles to trade and investment,
and strengthen the overall economic relationship between the nations.