U.S. Chamber Launches U.S.-Saudi Arabia CEO Summit

Sunday, January 24, 2016 - 5:30am

RIYADH, SAUDI ARABIA — In collaboration with the Committee for International Trade (CIT) at the Council of Saudi Chambers, the U.S. Chamber of Commerce today kicked off the inaugural U.S.-Saudi Arabia CEO Summit here, bringing 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.

“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 strengthening 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.”

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.