"The Kingdom is pushing ahead to advance
business. Private sector growth is surging and U.S. trade reflects this.
As Prince Abdulaziz said in his opening remarks U.S. trade to the
Kingdom has doubled. In fact bilateral trade overall has doubled in the
last four years. It’s fair to say that Saudi Arabia is open to American
ventures but they will have to be competitive and our companies have to
offer a value proposition that solves the key challenges within the
Kingdom, mainly job creation, training and education, and technology
transfer.
A central thesis of mine is that good
business is good diplomacy. I look around this room and I see many faces
that have made a difference either as job creators in the Kingdom or as
corporate social responsibility leaders. American business does have a
competitive advantage when you bring the U.S. value proposition to meet
Saudi aspirations in the sale of your product or service." (thanks Amer)
