U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
Will Provide Forum to Boost Bilateral Trade, Expand Commercial Partnerships
RIYADH, SAUDI ARABIA—Within the framework of cooperation between the Council of Saudi Chambers (CSC) and the U.S. Chamber of Commerce, the inaugural U.S.-Saudi Arabia CEO Summit is kicked-off at the CSC premises in Riyadh today. The event brings together high-level business executives from the United States and Saudi Arabia with the objective of exploring how to enhance and increase bilateral economic activity to the benefit of both countries.
“The establishment of the U.S.-Saudi Arabia CEO Summit, which meets twice per year, is a cornerstone for the two business communities, giving both sides an excellent platform to network, explore business opportunities, engage in dialogue about obstacles to business and review economic policies as they relate to the private sector.” said Dr. Abdulrahman Al-Zamil, chairman of the CSC.
“Twenty five American CEOs and business leaders came to Riyadh this week to meet with their counterparts from Saudi companies for this landmark event,” said Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce. “To support the Kingdom’s ambitious economic development and diversification plans, our business communities have come together to grow U.S.-Saudi trade and investment and to promote economic growth and job creation.”
The CEO Summit’s agenda is structured around economic and commercial topics of mutual interest. Topics include advancing a more closely integrated U.S.-Saudi supply chain, boosting workforce productivity, improving the business environment, and supporting Saudi’s vision of developing a knowledge-based economy. The Summit lays the foundation for CEOs to convey more deeply informed views to both governments and to help strengthen bilateral relations.
Participants in the Summit will meet again in 2016, in Washington, before moving to a once-annual meeting schedule starting in 2017, alternating each year between Washington and Riyadh.
“There are incredible opportunities for competitive American companies to bring their technology, knowledge, and financing to the Kingdom and to partner with and support key Saudi Arabian companies,” Donohue said. “Today’s Summit laid the groundwork to address specific policy areas, and the U.S. Chamber and the Council of Saudi Chambers will work to translate these ideas into concrete policy recommendations for our governments to act on.”
About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largest business organization representing the interests of more than 3 million businesses of all sizes, sectors, and regions. Members range from mom-and-pop shops and local chambers to leading industry associations and large corporations. They all share one thing–they count on the Chamber to be their voice in Washington, D.C. and capitals around the globe.
About the Council of Saudi Chambers of Commerce
The Council for Saudi Chambers of Commerce and Industry is the official federation for the 28 Saudi Chambers. Formed in 1980, The Council’s main objective is to observe the common interests of the Saudi Chambers, represent them on local and international levels and assist in the enhancement of the private sector’s role in the development of the national economy. The Council plays an instrumental role in the formation of Saudi policy as it relates to all economic sectors.
READ MORE on this topic:
- U.S., Saudi Business Leaders To Meet In Riyadh For U.S.-Saudi CEO Summit, GCF 2016 – SUSTG – Jan 21, 2016
- Welcoming the New Saudi Ambassador and the 21st Century Partnership – SUSRIS – Dec 14, 2015