The economic and investment relations during the last ten years between the Kingdom and the United States of America have witnessed a significant development, where Mr. David Callahan, Vice President of the Saudi American Business Council for Business Development, confirmed that there are good opportunities for small and medium enterprises run by Saudi investors to partner with enterprises in the American market, pointing out that the United States has opportunities and preferences for doing business with enterprises there.
Partnerships and Investments.
Partnerships and Investments
On the sidelines of a workshop entitled "Building Your Business with the United States of America" organized by the Saudi-American Business Council in cooperation with the Eastern Chamber, he pointed out that there are allocations in government sectors for small and medium-sized companies, pointing out that the US government is the most purchasing sector for products.
He pointed out that there is a great interest from American companies to open branches in the Saudi market, and arrange trade tours from America that include small and medium-sized companies to partner with companies in Saudi Arabia.
He pointed out that there are allocations in the government sectors for small and medium-sized companies.
57 billion dollars
David Callahan estimated the volume of Saudi exports to the United States at 57 billion dollars, indicating that the Kingdom is among the ten largest exporters to the American market, and that Saudi exports to the American market are diverse, including petrochemical, oil, agricultural and organic industries, calling on Saudi companies to seek partnerships with investment in promising sectors in the United States, most notably the health sector and mining sector during the period from 2014 to 2024.
David Callahan.
While businesswomen during the meeting expressed partnerships in the jewelry sector, Callahan explained that there are opportunities in this industry, a list of prices and different types of jewelry and different styles for them and the gemstone trade, indicating that partners can be found in this sector in the American market. While businesswomen during the meeting expressed interest in finding partners in this sector in the American market.
Multiple sectors
For his part, Engineer Najeeb Al-Saihati, a member of the Board of Directors of the Eastern Chamber, called for working to increase the volume of joint Saudi-US investments, which is only 44 billion dollars, stressing the existence of promising investment opportunities for American companies in the Kingdom in multiple sectors such as oil, food and pharmaceutical sectors.
<p class="p2
He stressed the importance of developing trade ties between the Kingdom and America to increase joint investments that are still below the ambitions of the leadership and the private sector in the two countries.
He pointed out that the characteristics of the American market are similar to the Saudi market, such as the electronic and telecommunications sectors, the plastics industry, in addition to the presence of a cluster of economies if Saudi investors want to do business in America, and can be used to export Saudi goods through it.
Economic Map
He pointed out that there is an economic map of the American regions that diversify investments in several sectors, including industrial, which are concentrated in urban and urban areas, pointing out the importance of the Saudi investor's access to this map that identifies geographical locations, noting that there are multiple sources to identify companies and offices that the Saudi investor can go to and take data and information, including the "Hoover website" and trade magazines, pointing out that the Council links its members from investors with offices in each commercial state to promote their products and their businesses.
<span style="font-size: #8000" target="_blank" size="_blank" width="_blank" width="_blank" height="1
David Callahan also explained that Saudi family businesses prefer to work or partner with American family businesses, because they are similar to them and quick to communicate, noting the importance of having strategies to enter the American market provided by the Saudi American Business Council.
Ben, that during the current year 2016, these plans will be developed by selecting Saudi exporters to arrange meetings for them with importing companies in America, and focus on three selected industries that may vary between plastics, chemicals and pharmaceuticals, or food, with the aim of developing these programs to increase Saudi exports to the US market during June and July of this year.
