Friday 30 April 2010

US-Saudi Business Forum Gets Under Way in Chicago

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Minister of Commerce and Industry Abdullah Zainal Alireza, standing third from left; Deputy Minister for Foreign Trade Abdullah Al-Hamoudi, standing extreme left; Chairman of Riyadh Chamber of Commerce and Industry Abdul Rahman Al-Jeraisy, standing extreme right; with senior US business leaders and officials at the first Saudi-American Business Opportunity Forum in Chicago on Wednesday. Photo: Arab News

ARAB NEWS: CHICAGO: On the banks of the sparkling green Chicago River, overlooking the vast expanse of Lake Michigan, the Sheraton Towers Hotel, venue of the first Saudi-American Business Opportunity Forum, was literally bursting at the seams and the action was as much in the corridors and lobbies as in the meeting halls.

In the lull between plenary sessions, in harmonious counterpart to official presentations, friends and colleagues gathered, relationships were forged or renewed, all in an atmosphere of palpable excitement. These spontaneous exchanges were not a distraction from formal program but rather the embodiment of the forum's primary theme: The commitment to a vital and enduring partnership between the two countries.

A notable aspect of the event was the turnout: over 1,000 attendees (many of whom braved skies tainted with ash and smoke in order to make it to Chicago).

The Organizing Committee had expected something close to 400. The overwhelming response on the part of both the US and Saudi delegates is testament to the sense of how vitally important this relationship is.

When asked about his initial reaction to the event, Omar A. Bahalwa of the Committee for International Trade said, "Marvelous! This event is unique. The number of registrants means that this is the largest-ever forum in the history of our two countries. And for the first time, we're targeting small- and medium-sized entrepreneurs. When someone said large crowds and a jam-packed schedule were 'bad news,' David Chaudron, representing Organized Change, laughed and added, 'It's absolutely wonderful that the bad news is the good news!'"

While the forum's theme of "The US and Saudi Arabia: A New Economic Order" was elaborated through a variety of lenses and business perspectives, the subtext of each panel's presentations was the recent global financial crisis and how the messages of that catastrophe have served to catalyze the need for increased communication and cooperation. >>> Peaco Todd, Arab News | Thursday, April 29, 2010