By Arab News
By Ghazanfar Ali Khan
The Saudi Arabian General Investment Authority (SAGIA) in collaboration with the Council of Saudi Chambers (CSC) and the US-Saudi Business Council will host the high-profile US-Saudi Investment Forum in Washington on Friday to highlight the diverse and exciting investment opportunities in the Kingdom.
The forum will be held on the sidelines of the visit of Custodian of The Two Holy Mosques King Salman to the US beginning Thursday.
“This forum comes well in time after the Saudi government recently announced strategic spending and development initiatives worth hundreds of billions of dollars over the next 10 years,” said SAGIA Gov. Abdullatif Al-Othman, here Tuesday.
This business forum, he said, will go a long way in boosting commercial and investment links between the Kingdom and the US.
Al-Othman said that the forum would run alongside an “Invest Saudi” exhibition, featuring a number of Saudi public and private sector organization to showcase opportunities in the health, transport, ICT and mining sectors.
The SAGIA governor himself will lead a series of panels and bilateral meetings between the American and Saudi governmental and business communities to discuss the promising investment opportunities and investment climate the Kingdom has to offer, as well as initiatives to increase the volume of business between the two nations.
The Saudi-US forum will highlight the most important investment opportunities for the two countries and ways of development of relations and cooperation in economic and investment fields. The event will also seek to increase the volume of trade exchange in proportion with the size and potential of the Kingdom and US economies, and demonstrate areas of investments that thrive in the Kingdom in promising sectors.
A SAGIA statement released on this occasion said that these investments opportunities are a chance for the US companies to expand and increase the size of foreign investments in the light of the attractive investment environment in the Kingdom that offers numerous incentives and advantages to the foreign investor.
A huge delegation of business leaders and government officials will be at hand to inform American businessmen about the investment opportunities in the energy, transport, health, education, and other industrial and service areas. Top-notch businessmen and executives from Saudi Aramco, SABIC, SADARA, Maaden, Royal Commission for Jubail and Yanbu, Saline Water Conversion Corporation (SWCC), and National Water Company will take part in the event in Washington.
Many other top Saudi companies and their representatives including National Industrial Clusters Development Program, Saudi Industrial Development Fund, Saudi Industrial Property Authority and Economic Cities Authority will attend the forum and the exhibition.