22/01/2014
More than $ 65 billion bilateral trade between the two countries last year
70 small and medium U.S. Companies review their achievements in East Chamber
Head of the Board of Directors of the Chamber Abdul Rahman bin Rashed stressed on the strong economic relations that link the Kingdom with the United States and the depth of communication and cooperation between the two countries during a meeting Wednesday 22 January 2014 the US Consul General in Dhahran air hood and commercial affairs counselor at the U.S. Consulate General Dhahran Nasser Abbasi and main Chamber Headquarters in Dammam. Al-Rashed said during the opening of the US catalogues exhibition yesterday morning , attended by Board member Faisal Saleh Al-Quraishi, Secretary General of the Chamber Abdul Rahman bin Abdullah Alwabil that businessmen are looking to strengthen trade relations between the two countries and reviewing opportunities on both sides, adding that the exhibition helps create new platform for establishing new business relationships contribute to supporting bilateral trade between the two countries. American Consul Joey hood said that Saudi Arabia and the United States have enjoyed a strong relationship and a strategic partnership, since more than 75 years, rooted in the era of King Abdulaziz, the founder and principal American Roosevelt.
The hood during the fair, which brought together more than 70 small and medium-sized companies representing sectors of the oil and gas services, and construction equipment, air conditioning and refrigeration equipment, clothing, auto parts, biotechnology, electrical power systems, food processing, industrial equipment, health care, information technology, water and environment technologies and demand that the relationship remains strong and our strong commercial ties, pointing out that this relationship will bear fruit so that the bilateral trade volume between The two countries had risen to more than $ 65 billion in 2013, the same year chaired the commercial section 16 a trade delegation to the United States also has provided services to more than 1,000 American companies, many of which also apply to doing business in the Kingdom for the first time so much of the trade in Eastern region.
Hood said the US export-import bank has in the past year, the approval of a loan of $ 4.9 billion and the loan is the largest in its history-to support the top of chemicals, is a joint venture between the company (DAO) for chemicals and Saudi Aramco, Ma'aden has also formed a joint venture with "Alcoa "to create the largest integrated industrial complex for the production of aluminum rolling mill in RA, noting that these and other great benefit to both countries, today, through this exhibition we present 70 American company – from small and medium-sized class-to the East and represents the first experiment of this Kingdom and allow Saudi companies from small and medium-sized enterprises to explore and enter into business relationships with these companies, which vary from distribution or representation or joint ventures. We are confident that this edifice we see today will yield the commercial relations and new opportunities.
