Printer Friendly
The Free Library
23,375,127 articles and books


Saudi Business Delegation Introduces $623 Billion in Foreign Investment Opportunities in Saudi Arabia.

WASHINGTON, May 13 /PRNewswire/ -- Today Ambassador to the United States Prince Bandar bin Sultan expressed satisfaction with the Saudi Arabia Trade Mission currently at a mid-point in its tour throughout the U.S. Prince Bandar remarked: "Saudi Arabia is at the crossroads of commerce in the Middle East and is home to a vibrant and growing economy, sustained both by its vast oil reserves and by its ever-growing private sector. These forums are a way to promote strong economic ties between our countries to accompany the strong political ties that link Saudi Arabia and the U.S."

As means to promote investment opportunities in Saudi Arabia, the Saudi Committee for the Development of International Trade, in cooperation with the U.S. Departments of Commerce and Energy and the National Association of Manufacturers, has organized a series of workshops to introduce $623 billion in new investment opportunities in the Kingdom through 2020, that is in addition to more than $800 billion in privatization opportunities expected in the next ten years. The seminars feature panels and networking opportunities with Saudi business and government leaders from areas including electricity and water, telecommunications business services and gas and petrochemical. This opportunity represents the largest call for foreign investment in decades.

Saudi Arabia is the United States' largest trading partner in the Middle East, and U.S. companies are the largest foreign investors in Saudi Arabia. Business forums were held in New York City on May 9, Atlanta, Georgia on May 11 and Houston, Texas on May 13. There will be additional visits to Chicago, Illinois on May 16 and San Francisco, California on May 18. Detailed information about the Saudi Trade Mission can be found at http://www.sauditrademission.com/.

"We encourage the U.S. business community to take advantage of the presence of leading Saudi experts in the U.S. to learn more about export market potential and business opportunities in the Kingdom," Prince Bandar said.

This press release is distributed by Qorvis Communications, LLC on behalf of the Royal Embassy of Saudi Arabia. Additional information is available at the Department of Justice, Washington, D.C.

CONTACT: Saudi Information Office, +1-202-337-4076

Web site: http://www.saudiembassy.net/ http://www.sauditrademission.com/
COPYRIGHT 2005 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 13, 2005
Words:368
Previous Article:Midlantic Office Trust, Inc. Files Registration Statement for Initial Public Offering of Common Stock.
Next Article:Goldfield Announces First Quarter Results.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters