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Join the U.S.-Saudi Business Council (USSBC) for an exclusive webinar on the U.S.-Saudi Trade Review 2024, where we will explore the latest trends and insights into the evolving trade relationship between the United States and Saudi Arabia.
Overview: Despite a decline due to reduced oil exports, the U.S.-Saudi trade relationship remained strong in 2023, with total trade reaching SAR112 billion ($29.7 billion). U.S. exports to Saudi Arabia rose by 20 percent to SAR52 billion ($13.8 billion), driven by growth in defense-related segments, electronics, industrial goods, motor vehicles, and foods. Meanwhile, Saudi non-oil exports to the U.S. saw a slight decline after two years of record growth, reflecting a continued diversification beyond traditional petroleum products into metals and industrial manufactures.
What You Will Learn:
- Key drivers behind the 20 percent growth in U.S. exports to Saudi Arabia
- Analysis of the decline in Saudi oil exports and its impact on overall trade
- Trends in non-oil exports, including expansion into metals and industrial products
- Insights into how the U.S.-Saudi trade relationship is evolving in 2024 and beyond
Why Attend:
- Gain a comprehensive understanding of the current state of U.S.-Saudi trade
- Discover opportunities for growth in key sectors amid shifting trade dynamics
- Engage in a live Q&A session with our economic research expert
Register now to secure your spot and stay ahead of the latest developments in U.S.-Saudi trade.
We look forward to your participation!
Speakers
David
Callahan
Senior Vice President at US-Saudi Business Council
https://ussaudi.org/team/david-callahan/David Callahan is Senior Vice President of the U.S.-Saudi Business Council (“the Council”). In this position, he works with the public and private sectors to promote new and expanded business relations between U.S. and Saudi Arabian companies. David has a successful record of helping the Council’s clients in a wide range of industries develop and execute a framework for international expansion, including a vision and action steps, while simultaneously navigating the challenging business environment unique to Saudi Arabia. He has particular depth working with large multinational clients across a wide variety of product and service categories. David has also consulted to some of Saudi Arabia’s leading family-owned companies, delivering assistance on international investment targeting and joint venture partnering. He oversees the the Council’s State Program Initiative, which encompasses five formal state partnerships and numerous other informal working relationships. This program is designed to help smaller firms that need assistance accessing the Saudi market. He has also organized and led several business development missions to the Kingdom.
Albara'a
Alwazir
Director, Economic Research of U.S.-Saudi Business Council
https://ussaudi.org/team/albaraa-alwazir/Albara’a Alwazir is an economic expert with extensive experience in economic research, financial management, real estate investment, and strategic planning. Mr. Alwazir will present key insights from the Q1 2024 Contract Awards Index, offering his expert analysis of current and future opportunities in Saudi Arabia's construction sector.