Role of SMEs in bolstering US-Saudi trade

Saudi and American SMEs will network and share their experiences as serious entrepreneurs operating in complex environments. (Supplied)
Updated 14 September 2018
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Role of SMEs in bolstering US-Saudi trade

  • Saudi and American SMEs will network and share their experiences as serious entrepreneurs operating in complex environments

RIYADH: The US-Saudi Arabian Business Council (USSABC), which links American and Saudi business communities, will organize a two-day forum next month to explore the roles of small and medium enterprises (SMEs) in bolstering bilateral trade.
The forum will open on Oct.1 in Los Angeles. As part of the Vision 2030 reform plan, Saudi Arabia has turned its attention to the SME sector “as a fundamental source of economic dynamism whose growth and progress would benefit the country as a whole,” said Abdallah Jum’ah, USSABC co-chairman and former CEO of Saudi Aramco.
At the forum, Saudi and American SMEs will network and share their experiences as serious entrepreneurs operating in complex environments.
Senior US and Saudi government and corporate leaders, entrepreneurs and key stakeholders will discuss improving procurement opportunities, regulating and financing business-management skills and financial literacy, and workforce technical skills, among other issues.


Saudi king leaves for Egypt on official visit

Updated 8 min 48 sec ago
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Saudi king leaves for Egypt on official visit

  • King Salman will head the Saudi delegation at the EU-Arab states summit
  • Ways to strengthen Saudi-Egyptian ties will be discussed during the king’s visit

RIYADH: Saudi Arabia’s King Salman left for Egypt on Saturday on an official visit, during which he will attend the EU-Arab Summit, the Saudi Press Agency reported.  

The king will head the Saudi delegation at the summit, which is due to be held in Egypt’s Red Sea resort of Sharm El-Sheikh. 

The visit is a response to an invitation from Egyptian President Abdel Fattah El-Sisi, who will host the two-day summit that will discuss topics such as security, trade, development and migration. 

Ways to strengthen Saudi-Egyptian ties will be discussed during the king’s visit.