July 2010 ITU
- Table of Contents
- Full Issue in PDF
- Building the Power Infrastructure of Tomorrow
- Haitian Relief Efforts Focus on U.S. Business Community
- Small Business Exporters Tell of Triumphs and Challenges
- Short Takes
- Trade Calendar
- Featured Trade Event: Energy and Infrastructure Trade Mission to Saudi Arabia
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Featured Trade Event
The old city, Riyadh, Saudi Arabia. (photo © Yasmin Gahtani/iStock)
Energy and Infrastructure Trade Mission to Saudi Arabia
December 6–8, 2010
Riyadh and Dhahran, Saudi Arabia
The Saudi Arabian energy and infrastructure sectors rank among the world’s most dynamic. Over the past 12 months, the Saudi government has awarded contracts worth approximately $140 billion, of which about $110 billion were for non-oil projects. U.S. goods exports to Saudi Arabia have remained strong despite the economic downturn. In 2008, they were $12.5 billion, an increase of 20 percent from the previous year.
This three-day trade mission will be led by a senior Department of Commerce official and will allow U.S. companies to learn more about opportunities in Saudi Arabia, to expand their business contacts, and to interact with key government and business officials. It will focus on the following three sectors:
• Oil and gas. With more than $70 billion in petrochemical projects under development, Saudi Arabia plans to push ahead with 17 “mega-projects,” which are worth $1 billion or more.
• Petrochemicals. Saudi Arabia’s planned projects in this sector, including the expansion of Jubail Industrial City, are valued at more than $21.6 billion.
• Construction. Among many active development projects are the six “economic cities” Saudi Arabia plans to build by 2020, which have an initial cost of $87.8 billion.
The trade mission will visit Riyadh and Dhahran, which are Saudi Arabia’s primary energy and infrastructure industry centers, respectively. In addition to appointments, briefings, and receptions, participants will interact with specialists from the U.S. and Foreign Commercial Service to discuss the latest industry developments, business opportunities, and sales strategies.
The cost to participate in the trade mission is $3,680 for large firms and $2,925 for small and medium-sized firms. There is a $500 fee for each additional company representative. Each mission participant will be responsible for travel, lodging, most meals, and incidentals. Applications must be received by September 15, 2010. For more information about the trade mission, contact Sean Timmins of the USFCS, tel.: (202)-482-1841; e-mail: sean.timmins@trade.gov.
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