Monthly Newsletter April 2010
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Welcoming Delegates from the Middle East and North Africa

13th Annual OTC Reception, Welcoming Delegates from the Middle East and North Africa

T.H. James B. Smith, U.S. Ambassador to Saudi Arabia highlights business opportunities in Saudi Arabia

T.H. James B. Smith, U.S. Ambassador to Saudi Arabia highlights business opportunities in Saudi Arabia

The Saudi Government budget for the 2010 fiscal year plans for expenditures to total approximately $144 billion, the Kingdom’s largest budget to date.

Join us for a Breakfast Panel Discussion, featuring T.H. James B. Smith, Ambassador of the US to Saudi Arabia and panelist experts from the private and public sector.

For more information on Sponsorship Opportunities please contact Mr. Mohmoud Chikh-Ali moh@bilateralchamber.org


United States to the Arab World Trade Mission Series 2010

MENA Business Development Mission

Part One: Oman, UAE & Qatar: May 27 – June 4, 2010
Part Two: Libya & Algeria: June 5 – June 11, 2010

Oman, U.A.E., Qatar, Algeria, Libya

Unprecedented public sector spending, large-scale industrial expansion and growing consumer demand make the Middle East and North Africa (MENA) region one of the most import-intensive markets in the world.

American products and services are highly valued in this region, and in spite of the economic downturn, governments in the countries we’re visiting have all reported budget surpluses.

Investments in these sectors continue to enjoy growth opportunities as MENA countries announce five year plans to upgrade: Infrastructure, Transportation, Power Generation, Water, Healthcare and Oil & Gas Services & Equipment.


Member Spotlight

Methodist Hospital announces pumps and pipes project uniting the medical and oil industries in unique collaborations to advance the fields. Remarkable similarities exist between the oil and gas industry and the treatment of cardiovascular disease. Both deal in pumps and pipes and the movement of liquid through hollow tubes. Key components include imaging, navigation and steady consistent flow – be it blood or oil.

To read more, click here.

News
Agriculture
Saudis look to import WA wheat
Kuwait hunts for Turkish agriculture investments
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Construction and Real Estate
Bahrain: Segmented recovery
UAE’s Deyaar postpones US$136m distressed fund
  View all articles
Economy
GFH to establish economic zone in Syria
Dubai World's US$26bn debt repayment plan
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Energy
Russian crude won't hit Mideast prices to Asia
Qatar-related gas issuers may be downgraded, according to Moody's
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Finance
Jordan: Building Islamic banking
Saudi bourse ETF move unlikely to lure investors
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Health
Saudi Arabia: Healthcare balance
Saudi pharma expenditure to hit US$3.5bn
  View all 4 articles
Industry
Egypt's Sewedy bullish on wind investment, considers solar
Qatar and VW agree to more cooperation
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Media
Dubai art fair upbeat despite city's debt woes
Qatar advertising sector registers 12 per cent growth
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Telecoms
Abu Dhabi: Satellite telecommunications
India's Bharti Airtel finalizes funding for Zain Africa deal
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Tourism
Bahrain: Cruise control
Zubair plans hotel, complex
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Transport
Hochtief inks JV with Bahrain Airport Company
Siemens joins China bid for Saudi rail link
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Utilities
Dubai utility DEWA delays US$1.5bn bond talks
Saudi needs to invest more in power, water
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MENA Power 2010: Middle East & North Africa Technology and Project Forum

The Bilateral US-Arab Chamber of Commerce is proud to sponsor the U.S. Trade and Development Agency MENA POWER 2010 Technology Forum in Cairo Egypt from May 24-26, 2010. The forum is in cooperation with the U.S. Department of State and the U.S. Commercial Service. MENA POWER 2010 will match MENA policy makers and project stakeholders in the electric power sector with U.S. providers of equipment and service solutions. To facilitate these opportunities, more than 30 power projects will be presented at the Forum in areas such as gas-fired combined cycle, solar, wind, hydro, biomass, integrated desalination/power, rural electrification, transmission and distribution upgrades and regional interconnection.
For more information please click here.

Model Arab League Conference 2010

Model Arab League Conference 2010

The Bilateral US-Arab Chamber of Commerce held their 3rd annual Model Arab League Conference at Texas A&M Bush School of Government and Public Service. The Bilateral Model Arab League simulation is designed to familiarize college student with the geopolitical, cultural, religious and economic pressures Arab diplomats face in dealing with one another and the outside world. This year 10 universities from across the region participated, representing 15 countries including a delegation of students from the Kingdom of Bahrain.

The Honorable Youssef Al-Khater, Consul General of the State of Qatar was awarded for his Excellence in Commercial Diplomacy and the plenary session featured Former U.S. Ambassador, Eric M. Bost.


Click here to register