Trump’s visit ‘to boost Riyadh-Washington bilateral trade’

Abdallah bin Saleh bin Al-Jum’ah
Updated 19 May 2017
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Trump’s visit ‘to boost Riyadh-Washington bilateral trade’

RIYADH: The US-Saudi Arabian Business Council (USSABC) has predicted that the upcoming visit by US President Donald Trump to Saudi Arabia this weekend will further boost the existing bilateral trade relations between the two countries.
Abdallah bin Saleh bin Jum’ah, Saudi chairman of the board of directors of the council, described the visit as “historic” and one that reflects the political and economic weight of the Kingdom internationally.
He added that the visit carries many important messages, as it is the first visit abroad by Trump after he assumed his presidency, and is expected to constitute new breakthroughs in strengthening economic relations and developing trade exchanges between the two friendly countries.
Jum’ah said the visit emphasizes the Kingdom’s prominent position and leadership in the Islamic world, as well as its great economic impact and outstanding contributions to international efforts that aim at stabilizing the global economy.
The chairman said bilateral trade and industrial investments between the two countries are on the rise, noting that the Kingdom ranks 12th in the list of US trading partners, while the US ranks second among KSA’s largest trading partners. They have maintained growing economic relations during periods of economic prosperity and international economic recession alike.
Jum’ah expects Saudi-US economic relations to witness an unprecedented shift in the coming years, in recognition of the many new gains that the Kingdom’s strategic Vision 2030 and National Transformation Program (NTP) 2020 have generated.
With its 250 members made up of leading Saudi and American companies, the USSABC was founded in 1993 and aims to develop cooperation and joint economic actions between Saudi Arabia and the US.


Majlis culture brings a little Saudi warmth to freezing Davos

At a five-star hotel in Davos, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming ‘The future-forward economy — Invest Saudi.’ (AN photo)
Updated 23 January 2019
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Majlis culture brings a little Saudi warmth to freezing Davos

  • The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders

DAVOS: From the sub-zero temperatures of the icy Davos Promenade you are ushered through a glass door into the warmth of a desert majlis, with works by young Saudi artists on the walls and traditional Arabian delicacies being served. It is quite a culture shock.

The Davos majlis is the work of the Misk Global Forum (MGF), the international arm of the organization founded by Crown Prince Mohammed bin Salman to promote youth empowerment. 

The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders.

“The Kingdom’s participation in WEF 2019 highlights its role in developing the regional and global economy, and reflects the nation’s continuing ambition for sustainable development,” said Bader Al-Asaker, head of the crown prince’s private office and chairman of the Misk Initiatives Center. 

The Saudi delegation’s HQ overlooks the main congress hall, inside the Davos security cordon. 

At a nearby five-star hotel, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming: “The future-forward economy — Invest Saudi.” 

This is the second year Misk has been prominent at Davos. As well as the majlis, its pavilion offers visitors the chance to immerse themselves in modern Saudi art via a virtual reality tour of the work of four young artists.

Misk is organizing daily events there, building up to a power breakfast with leading executives on Friday on the theme of youth empowerment.

“In an age of profound economic disruption, we regard young people as the problem-solvers, not a problem to be solved,” said MGF executive manager Shaima Hamidaddin.

“We’re holding interactive discussions on how to empower young people to be the architects of the future economy, not the tenants of it.”