Ambassador Westphal’s Remarks at ABGR General Membership Breakfast

Good morning ladies and gentlemen. I want to thank ABGR, its Chairman Dan Cagle and the ABGR Board for your leadership in building stronger, deeper, and more prosperous business relationship between the United States and the Kingdom of Saudi Arabia. The ABGR has been a champion of U.S. business interests in Saudi Arabia for many years, giving a vital voice …

ABGR Vice Chair Addresses U.S. Town Hall Meeting

To borrow a phrase, these are the times that try men’s souls, with terrorism, Brexit, the U.S. election, all inviting literary and historical comparisons; a recent Wall Street Journal article was entitled “the Year of Yeats,” whose Second Coming appeared in the wake of the Russian Revolution and Irish Uprising, featuring the following unsettling reflections: A professor is quoted as …

Legal Update from Saudi Arabia

Government Contracts Saudi Arabia’s 2016 construction spending on development projects is projected to attain $229 billion, a 20% reduction from last year, with similar projections for 2017.1 To achieve these savings, projects must either being scaled back, cancelled or delayed. Priorities under Vision 2030 will include education, healthcare, science, technology, and e-governance. With 30%+ of the workforce employed in infrastructure …

Economic Reform in Saudi Arabia: Opportunities for the Kingdom & America

The economic trials currently facing Saudi Arabia – a fall in oil prices resulting in budget deficits, wars in Syria and Yemen, and social stresses stemming from increases in gas and other utility prices – in reality present opportunities as much as challenges. This is particularly the case because the government led by King Salman and his son, Deputy Crown …

Success at the Global Competitiveness Forum hosted by SAGIA

SAGIA — This year’s Global Competitiveness Forum (GCF) – held at the Four Seasons Hotel Riyadh on January 24th to 26th – was a record-breaking event. Over three (3) days, attendance reached a total 3400 participants from around the globe. This year’s program and theme – “Competitive Sectors” – was marked by the keynote addresses of Marillyn Hewson and Indra …