Inviting companies in clean technology/ power, industrial equipment and services, and mining
November 9-11, 2020
The U.S.-Saudi Business Council is pleased to announce our first virtual business development mission to Saudi Arabia from November 9-11, 2020. The program will include:
- Interactive webinars
- Industry specific breakout sessions
- One-on-one matchmaking meetings with pre-screened potential buyers, agents, distributors, and joint venture partners.
While COVID-19 has made international business development more challenging, the Council’s virtual mission will provide you the information and introductions you need to enter or expand in the Saudi market during the pandemic and beyond – all from the comfort and convenience of your own home or office.
THE MARKET
Saudi Arabia is undergoing a massive transformation under Vision 2030, an economic and industrial plan to diversify and modernize the Saudi market and economy. The country aims to become a global manufacturing and commercial hub with a focus on sustainable, smart technologies.
Driving the Kingdom’s industrial transformation, the Saudi power sector is in the midst of significant developments aimed at generating and growing its capacity to supply electricity to residential, commercial and industrial customers. It is meeting increased demand by diversifying its domestic energy mix and improving energy efficiencies. The government has set a target of generating 50 percent of its energy through alternative resources by 2030. Conventional power resources are also investing in systems to increase efficiency. There is a new emphasis on energy conservation as well in residential, commercial and industrial construction.
In the industrial space, the traditionally dominant oil, gas and petrochemical industries continue to lead the economy while new sectors are targeted for growth. Throughout all there is an emphasis on attracting world-class technology that integrates the latest generation machinery with advanced process systems.
Primary among the new growth sectors is mining which has been hailed as Saudi Arabia’s “third pillar” after oil & gas and petrochemicals. Some estimates indicate that the Kingdom has approximately $1.33 trillion worth of mineral endowments in precious and base metals. In 2019, there were 19 ongoing projects worth $14 billion. Saudi Arabia is investing across the mining value chain from exploration of mineral resources such as copper, gold, zinc, phosphate and bauxite to the establishment of conversion industries based on fertilizer, aluminum, steel and other basic industries. The country is currently the world’s 9th largest producer of aluminum and 7th largest producer of phosphate fertilizer.
THE PROGRAM
Interactive Webinars: The mission will kick-off with interactive webinars providing an Overview of the Saudi Market, the Business Culture and Tips on Doing Business in the Kingdom, and Legal Considerations in Establishing Agent, Distribution and Joint Venture Relationships.
Industry Specific Breakout Sessions: These sessions will follow the interactive webinars and will feature industry experts in the three principal recruitment areas to speak specifically to market opportunities and challenges in these sectors.
One-on-One Matchmaking Meetings:
- Videoconferences with pre-screened and pre-qualified partners selected based on a target profile developed with mission participants in advance.
- Background information on one-on-one meeting companies provided in advance.
WHO SHOULD APPLY
Clean Technology/Power
Products and technologies related to solar power, wind power, waste-to-energy, energy efficiency, energy conservation.
Industrial Equipment and Services
Process oilfield equipment, oilfield chemicals, offshore equipment and services, instrumentation, process control and IT, electrical equipment, security equipment and services, cybersecurity, pipeline equipment and services, environmental services, fire and safety equipment and services, HVAC equipment and services.
Mining
Products and technologies related to exploration, extraction, and processing; health, safety, and environment; industrial security, logistics, training.
Mission Fee: $750 per company for non-members of the Council, $300 per company for members.
Application Process:
To apply for the mission click the Application button. Your application will be reviewed as to the suitability of your product or service to the Saudi market and a status update will be communicated to you promptly. If you have any questions, please contact Ishtiaq Hussain at ihussain@us-sabc.org.
Application Deadline: September 23, 2020
