Saudi Business Delegation Introduces $623 Billion in Foreign Investment Opportunities in Saudi Arabia.
WASHINGTON, May 13 /PRNewswire/ -- Today Ambassador to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 privatization: see nationalization.
Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned 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 New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 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 “San Francisco” redirects here. For other uses, see San Francisco (disambiguation).
The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 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.
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