Minister of Finance Meets U.S. Special Envoy for Yemen    World Bank: Saudi Arabia Maintains its Strong Reform Momentum in Women Legal Reforms    Saudi Press: Saudi Arabia's Military Industries Sector Witnesses Rapid Growth    HRH Crown Prince Congratulates Emir of Kuwait on National Day    Weather Forecast for Wednesday    China Reports 12 New Coronavirus Cases    Tunisia Reports 797 New COVID-19 Cases    Saudi Customs dismisses rumors regarding import of vehicles    Cabinet discusses results of Saudi initiatives to restore global oil market stability    Wall Street Closing    Areej Mutabagani elected head of Saudi Tennis Federation    GCC secretary general receives EU ambassadors    14 years of jail for 5 expats convicted of smuggling SR10mn    HALCON unveils UAE's first air defense missile    KSrelief signs $40m deal with WFP to prevent famine and malnutrition in Yemen    24 Participants Representing 12 World-Class Teams to Take Part in Formula E, in Diriyah    Vandoorne: I am Excited to Take Part in First Formula E Night Race in Diriyah    Press Conference to Hold Virtually Tomorrow Highlighting Preparations of Hosting Formula E in Diriyah    Saudi Arabia ranks fifth as world's fastest in container ship handling per hour    Saudi leaders congratulate Estonian president on Independence Day    Active, critical cases continue to drop as new COVID-19 infections stabilize    Investigators release preliminary findings on the United Airlines flight engine failure    Dubai Aerospace leases 7 Airbus A321neo aircraft from IndiGo    Saudi GAMI announces at IDEX: 70 Military industries companies are in Saudi Arabia with investment worth SAR 24 billion    IsDB President meets Director of Imam Al-Bukhari Global Center in Samarkand    Saudi Arabia to Host Formula E    Media representatives picked for Formula E Diriyah 2021 coverage    SAMI and NIMR Sign Teaming Agreement to Transfer Armored Vehicle Production and Technology to Saudi Arabia    SAGO to buy 355,000 tons of wheat produced by Saudi investors abroad    Saudi Military Industries Authority and UAE Economic Balance Council sign MoU in field of military industries    The Indian women weaving a digital web    Focusing a lens on courage, despair and hope    Al-Rajhi cruises to comfortable win in Dubai Baja    World's longest painting created in Dubai to raise 110mn dirhams for coronavirus-hit kids    Meghan and Prince Harry expecting second child    SFA, SACF launch major new tournaments across 11 cities    Film Commission Launches 28 Cinematic Projects for Winners of Daw' Film Competition    SASCA in Dammam Sets a Deadline for Receiving Participations in International Video Art Forum    Saudi Film Commission Opens Registration Doors for Digital Filmmakers' Program    Saudi Arabia Names " Scales" Film to Represent it in Oscars    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Court facilitates young woman's marriage after stripping father's guardianship    Bahrain's top Islamic body condemns attempts to insult Muslim symbols    Saudi man accused of harassing foreign wife asked to be produced before court Court allows divorce, custody of children by mother    S. P. Bala, legendary Indian singer, dead at 74    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





USSBC Leads its First Successful Virtual Business Development Mission to Saudi Arabia
Published in Saudi Press Agency on 25 - 01 - 2021

The U.S.-Saudi Business Council (USSBC) successfully concluded its first virtual business development mission to Saudi Arabia, with participation from ten U.S. companies engaged in power, security, artificial intelligence, water treatment, and engineering & construction management. The Council has a long history of bringing trade and business development missions to the Kingdom, having brought over 50 missions over the past 25 years. This year's challenging environment due to the global pandemic led the Business Council to create a new virtual method of connecting Saudi and U.S. companies.
The business development mission commenced with interactive webinars, providing an overview of the Saudi market, the business culture and best practices for doing business in the Kingdom, and legal considerations in establishing agent, distribution, and joint venture relationships. The mission also incorporated industry-specific breakout sessions and featured experts, who spoke on market opportunities and challenges in these sectors.
Helping lead the mission was H. Delano Roosevelt, CEO of the U.S.-Saudi Business Council.
"The Trade Mission and other new virtual events we utilized to meet the challenges of this past year's complicated business climate allowed the Council and its members to continue our progress in localizing technology and expertise in the Kingdom, advancing the Kingdom's progress toward Vision 2030's diversification and development goals, and setting the groundwork for closer business-to-business ties between our two countries," emphasized Roosevelt.
The virtual mission continued with one-on-one virtual meetings with pre-screened and pre-qualified partners selected based on a target profile developed with mission participants. More than 20 Saudi companies participated, with each meeting including an average of five pre-qualified U.S. partners to discuss avenues for collaboration. The initial meetings resulted in subsequent discussions and laid the foundation for ongoing dialogue, as well as the formation of several joint ventures in the Kingdom.
Fahad Bajsair, Business Development & Growth Director at IHCC Group, commented: "Being a leading Saudi group of companies with diversified business interests, IHCC Group was pleased to be part of the successful virtual business development trade mission organized by the USSBC. The success of the event was also translated into very productive virtual meetings with various U.S. companies in different disciplines which have been set as solid bases for long-term business collaboration in the Saudi market".
The program succeeded in opening the door for mission participants to bring new technologies to Saudi Arabia, as the country aims to become a global manufacturing and commercial hub with a focus on sustainable, smart technologies.
"The Virtual Business Development Mission has given our company a unique opportunity to meet with C-level executives of our potential partners in the Kingdom of Saudi Arabia. It greatly enhanced our endeavors to break into the Saudi market and opened doors to further meetings moving toward mutual success for our company and our potential partner in the Kingdom," noted David Howard, Associate Principal of California-based P2S, Inc. and one of the mission's participants.
"The Virtual Trade Mission was incredibly informative and provided great insight into developments in the Kingdom that will impact our crash rated vehicle barrier business there," added Jack Roth, Outside Sales Manager at B&B Roadway & Security Solutions.
The mission is the latest in a series of innovative virtual networking and information programs, as well as strategic business services, that the Council launched in the new and complex business climate that emerged in the wake of the pandemic in 2020.


Clic here to read the story from its source.