INDIANAPOLIS, IN – May 23, 2019 – The U.S.-Saudi Arabian Business Council – in collaboration with The Saudi Technology Development and Investment Company (TAQNIA), Indiana Innovation Institute (IN3) and the Indiana Economic Development Corporation (IEDC) – held an executive roundtable discussion with Indiana based companies in Indianapolis, IN on Technology and Innovation opportunities in Saudi Arabia.
The session’s keynote speakers, Mr. Fahad AlHussain, CEO at TAQNIA International, presented partnership and investment opportunities in the company’s six focus sectors, namely renewables, ICT, security and defense, life science and health.
David Roberts, Chief Innovation Officer at IEDC highlighted the economic diversification of Indiana particularly in Advanced Manufacturing, Aerospace, Aviation & Defense, Logistics and Technology.
Mr. Roberts emphasized that Indiana hosts over 950 foreign owned business establishments, 6,420 jobs were created by Foreign Direct Investment (FDI), and how Indiana is ranked #2 in the United States for Infrastructure, #1 for Best Business Regulatory Environment and #5 Nationally for Business.
Over 30 diversified, large and medium-sized U.S. companies attended the session, including notable members of the Business Council and non-members operating within a wide spectrum of sectors, including defense, cybersecurity, aerospace, renewables, and healthcare, amongst others. The event’s sidelines offered networking opportunities in addition to one-on-one meetings.
The roundtable is part of the annual series of networking activities that the Business Council hosts both in the U.S. and Saudi Arabia to highlight investment opportunities in Saudi Arabia and facilitate partnerships between U.S. and Saudi companies.
The Saudi Technology Development and Investment Company (TAQNIA) leverages its global network of experts and advisors, deep rooted partnerships with research institutions, technology providers and investors as well as its multidisciplinary talent spanning various skills to enable local companies and help improve productivity and create value by incorporating cross-sectoral technologies, specifically Industry 4.0, Information 4.0, smart energy, MedTech, smart mobility, advanced materials and Aerospace. TAQNIA plays an active role in incubating, accelerating, commercializing and investing in innovative ideas and IP created by local entrepreneurs & research institutions. While also investing globally in innovative early-stage ventures to transfer and license critical technologies to the local market and corporations.
About Indiana Economic Development Corporation
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts.
For more information about the IEDC, visit www.iedc.in.gov
About the U.S.-Saudi Arabian Business Council
Established in 1993, the U.S.-Saudi Arabian Business Council is the premier bilateral business-promotion organization linking the American and Saudi Arabian business communities. On an annual basis, the work of the Council informs, influences, and assists hundreds of its member companies in both countries, as well as thousands of Saudi and American non-member companies, in building successful partnerships. Through trade missions, business development services, conferences, networking opportunities, and publications the Council organizes and produces, these partnerships have resulted in tens of millions of dollars in new business for the U.S. and Saudi business communities. The Council has offices in the Washington, D.C. region, Houston and, Riyadh, Saudi Arabia. For more information, please visit www.us-sabc.org.
For more information, please contact:
U.S.-Saudi Arabian Business Council
Director, Communications and Information Services
U.S.-Saudi Arabian Business Council