DiplomaticQuarter: US-Saudi Arabia virtual summit focuses on trade, investment

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Thu, 2021-03-18 02:10

The US Embassy in Saudi Arabia praised the Council of Saudi Chambers (CSC) for organizing the first-ever US-Saudi Arabia Virtual Infrastructure Summit to enhance trade cooperation between the two countries.

“The US Department of Commerce, in cooperation with the government of Saudi Arabia and the CSC, hosted a virtual summit on Tuesday. The summit focused on current and future infrastructure projects in Saudi Arabia and emphasized business and investment opportunities to 200 plus participants from the US private sector, as well as Saudi private sector companies,” a US Embassy statement said.

Participating companies included US industry leaders in waste management, information and communication technology, entertainment, travel and tourism, and transportation and mobility.   

The US government was represented by key officials, including Martina Strong, charge d’affaires at the US Embassy in Riyadh, and Diane Farrell, acting undersecretary for international trade.  

“The US Mission appreciates the support of the Council of Saudi Chambers to produce this first-ever US-Saudi Arabia Virtual Infrastructure Summit. Many US companies are already contributing to marquee Vision 2030 projects and, with this event, we hope that many more will bring their world-class technologies, expertise and solutions to the Kingdom,” said Strong. 

“The US remains committed to our partners in the Gulf and I believe that this infrastructure summit presented a unique opportunity to advance mutual economic growth and recovery through exports and investment. We had a series of productive discussions,” said Farrell. 

“On behalf of the US Department of Commerce, we look forward to playing a pivotal role in these infrastructure projects as well as identifying new ways to deepen our trade relationship,” she added. 

The US Department of Commerce is the US government’s leading trade promotion agency. It promotes American exports through 107 US offices and commercial diplomats around the world, including 18 countries in the Middle East and North Africa (MENA), according to the embassy statement.

The US government was represented by key officials, including Martina Strong, center, charge d’affaires at the US Embassy in Riyadh. (SPA)
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