The Royal Commission for Jubail and Yanbu (RCJY) and the U.S.-Saudi Business Council (USSBC) successfully hosted the Executive Roundtable “New Directions and New Opportunities in the Saudi Arabian Market” on the sidelines of RE+ and Pack Expo in Las Vegas, Nevada on September 12, 2023. This exclusive event, which spanned diverse sectors from renewable energy to logistics, shipping, and packaging, brought together business leaders from both nations and representatives from Saudi Government entities, including Ministry of Investment, Ministry of Energy, and Saudi Industrial Development Fund (SIDF) to explore Saudi Arabia’s flourishing investment landscape.
The program’s feature speaker, Eng. Abdulaziz M. Alshingiti, Director General of the Investment Development Division at RCJY-Yanbu, delivered an inspiring keynote address that shed light on the extensive opportunities for investors within Saudi Arabia. He underscored RCJY’s strategic commitment to fostering an investor-friendly environment and providing the necessary infrastructure, services, and ecosystem for businesses to thrive.
In reflecting on the event’s success, Eng. Abdulaziz M. Alshingiti stated, “RCJY remains steadfast in its mission to create an investor-friendly environment. We are delighted to have showcased the potential of our organization and the Kingdom to U.S. companies. This event highlights our commitment to growth and development, and we look forward to further collaborations that will shape the future of business in Saudi Arabia.”
Susanne Lendman, Interim President and CEO of the USSBC, remarked that “this collaboration showcases our dedication to facilitating meaningful dialogues and knowledge sharing among industry leaders. The U.S.-Saudi Business Council is committed to introducing U.S. companies with innovative products and services to the Saudi market through such programs.”
Following these remarks were a series of presentations by the Saudi delegation. Abdullah Albassami, Associate Advisor at the Ministry of Investment, discussed Saudi Arabia’s thriving business landscape. Mohammed Al Faraj, Business Development Manager at RCJY, went into specifics on business opportunities within the Royal Commission’s industrial cities. Sara Al Zahrani, Specialist of Localization, Local Content, & Risk Management Deputyship at the Ministry of Energy, highlighted the available supply chain opportunities in the Saudi energy sector. Finally, Mohamad Aleisa, Manager, Credit Relationship Management Division at the SIDF, shared his organization’s insights into investment incentives available to interested U.S. companies.
The Executive Roundtable further facilitated one-on-one meetings between U.S. companies and key Saudi stakeholders, allowing for in-depth discussions and exploration of potential collaborations.
In addition to hosting the Executive Roundtable, representatives from the USSBC and RCJY attended both Pack Expo, the most expansive packaging and processing show in North America, and RE+, the fastest growing and largest solar show in North America, to meet with pre-qualified U.S. exhibitors and discuss opportunities in the Saudi market. The USSBC had selected these companies for visits at Pack Expo and RE+ based on criteria requested by the RCJY.
Over three days, the USSBC facilitated meetings between the Saudi delegation and 56 companies in attendance at the roundtable and the two trade shows. To ensure the long-term success of the mission, the USSBC is providing follow-up assistance to the RCJY in the form of continued outreach, partner identification, and other services it provides to U.S. companies interested in exploring business opportunities in the Saudi market.
The USSBC is fully prepared to support U.S. companies expand their footprint in the Saudi market. If you are interested to learn more, you may reach out to our Vice President of Industrial Development, Jamil Alothman, at jalothman@ussaudi.org.
To learn about more upcoming events the USSBC is organizing with key stakeholders to introduce U.S companies to the Saudi market, visit our events page.
