Monthly Newsletter 2012
Table of Contents

Inbound Mission Series: Salalah Free Zone
April 11 - 17, 2012
Chicago, IL, Detroit, MI, Houston, TX

The Bilateral US-Arab Chamber of Commerce is pleased to announce an inbound delegation from Salalah Free Zone comprised of senior commercial and strategic advisors. The delegation will be visiting the United States on April 11 – 17 to meet with businesses to further discuss the opportunities offered by the Salalah Free Zone.

The Salalah Free Zone is a government-owned organization in the Sultanate of Oman. It is one of the leading free zone developments in the Middle East and has recently been ranked in the top 10 for best facilities and best incentives by the Financial Times / FDI Magazine.

For additional information about Salalah Free Zone, please email Tomas Tobar at tomas@bilateralchamber.org or Matthew Kocian at matthew@bilateralchamber.org.

15th Annual Welcome Reception
Offshore Technology Conference

6:30 pm - 9:00 pm | April 30, 2012
Houston, TX

The Bilateral US-Arab Chamber of Commerce (BUSACC) is pleased to announce our 15th Annual Offshore Technology Conference (OTC) Welcome Reception, with an estimated 800 energy executives and 300 executives attending from MENA. Delegates will be attending from Algeria, Angola, Brazil, Egypt, Iraq, Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, United Arab Emirates, Vietnam, Yemen, and include representatives from the MENA region national oil companies.

A limited number of sponsorship opportunities are still available and events are invitation-only.

For more information and to register, please click here or contact Amanda Dramberger at amanda@bilateralchamber.org or call 713-880-8168.

OTC Market Briefings

The Bilateral US-Arab Chamber of Commerce is pleased to invite you to a U.S. Department of Commerce market briefing to meet procurement officials from public and private entities at the Offshore Technology Conference 2012.

Market Briefing: Saudi Arabia: Saudi Aramco Procurement Program

Seminar: Wednesday, May 2, 10:00 am - 11:30 pm
Reliant Arena, Room 3, Second Level, East Entrance
Matchmaking: Wednesday, May 2, 11:30 am - 12:30 pm
Reliant Arena, Room 2, Second Level, East Entrance
There will be a networking opportunity with delegation members from Saudi Arabia following the formal presentation.

For more information, please contact Matthew at matthew@bilateralchamber.org

Ambassador Series: The Honorable James B. Smith
8:30 am – 10:00 am | May 1, 2012
Houston, TX

Join us for an exclusive roundtable briefing with T.H. James B. Smith, Ambassador of the United States to Saudi Arabia and Amer M. Kayani, Minister Counselor for Commercial Affairs at Embassy of the United States in Saudi Arabia.

The Saudi Arabian government has committed to a $400 billion investment budget through 2013 aimed at creating opportunities for the private sector. Best prospects for U.S. companies include the sectors of infrastructure, education, health, security, social and municipal services, water, sanitary drainage, roads, electronic commerce and scientific research support.

Members of the Bilateral US-Arab Chamber of Commerce will have the opportunity to discuss their business interests and challenges with the Ambassador and the Commercial Counselor in an off-the-record private setting.

If interested in this member-only opportunity, please click here or contact Hala Al-Abdulwahed at hala@bilateralchamber.org or call 713-880-8168.

ACCESS 2012 International Trade Forum
April 24 - 25, 2012
Thunderbird School of Global Management
Glendale, AZ

In April, regional experts from Africa, the Middle East and South Asia will convene in Glendale, Arizona for the two-day ACCESS 2012 conference at the Thunderbird School of Global Management.

ACCESS 2012 is a unique opportunity to hear directly from U.S. Commercial Service officers serving in some of the world’s fastest growing economies. ACCESS 2012 can help your company identify new export markets and opportunities in Africa, the Middle East and South Asia, obtain the resources necessary to succeed in these markets, and develop market entry strategies.

For information and registration, please click here

Leadership Series: Minister of Oil & Minerals
8:30 am - 10:00 am | May 2, 2012
Houston, TX

Join us for an exclusive roundtable briefing with H.E. Hisham Sharaf Abdullah, Minister of Oil & Minerals, Yemen.

Members of the Bilateral US-Arab Chamber of Commerce will have the opportunity to discuss their business interests and challenges with the Minister and other important government figures in an off-the-record private setting.

For more information, please contact Matthew Kocian at matthew@bilateralchamber.org or 713-880-8168

Business Briefing & Panel Discussion on Saudi Arabia
8:30 am – 11:00 am | May 8, 2012
Baton Rouge, LA

The Bilateral US-Arab Chamber of Commerce, partnering with the American Business Association – Eastern Province, is pleased to announce a breakfast briefing featuring an expert panel of entrepreneurs and business developers with over 25 years of experience in Saudi Arabia. We invite you to join us as we explore the many facets of doing business in Saudi Arabia.

With a nominal GDP of $435 billion in 2010 ($510 billion estimated in 2011), Saudi Arabia is the largest and most stable economy in the Gulf. The Saudi economy weathered the recent economic and financial crisis far better than other economies in the area, thanks largely to its prudent, conservative economic and financial policies.

American businesses have attained expertise and assistance to significantly contribute to the expansion and modernization of the Saudi economy. Saudi businesses are familiar with the way Americans do business, and welcome offers of cooperation and partnership with U.S. companies.

For more information, click here or contact Tomas Tobar at tomas@bilateralchamber.org or 713-880-8168.

News
Agriculture
Freshwater situation in Qatar "vulnerable" as population grows
Algeria: Investing billions of Euros in agriculture towards self-sufficiency
Green facelift for Manama planned
MENA governments urged to address key farm issues
  View all articles
Construction and Real Estate
Port awards wharves contract to Jacobs Engineering
LEO A DALY opens new office in Riyadh
GCC cement sector grows 14%
Construction sector – Robust growth in the coming years in Oman
Qatar plans to award three tenders for $7.4 billion port
  View all articles
Economy
DP World to repay $3 billion loan with existing cash
Saudi Arabia becomes biggest GCC magnet
Bahrain probes US joint investment
Experts discuss Mena tax landscape
  View all articles
Education
Saudi education changes will take 12 years – minister
Sheikh Nahayan: Women can lead other people toward worthy goals
Emirates Gas shares gas cylinder safety practices with students
School places high on agenda for UAE expats
Qatar Music Academy holds introduction to music workshop
  View all articles
Energy
Al Jaber wins Zadco deal for oilfield work
Baker Hughes to bring state-of-the-art fracturing, stimulation vessel to North Sea in 2013
Chevron sees 20% jump in production by 2017
Adbic finalizes $800 million oil pipe plan, seeks partners
Exxon "freezes" oil exploration deal, Baghdad squares off against Kurdistan
  View all articles
Finance
Bahraini investors hail Oman's investment environment
Project Finance selects Baker Botts Client's transaction as Middle East Power Deal of the Year for 2011
Islamic Finance in the Middle East prepares for new growth surge
Moody's: New gas terminal bypassing Hormuz Strait credit-positive for UAE
Abu Dhabi fund takes 9.9% stake in Thames Water
  View all articles
Health
Healthcare IT seen growing at 25% CAGR
Saudi women to take breast cancer war to Everest
New foot and mouth disease strain hits Egypt
Female Saudi scholar to develop portable MRI scanner
  View all articles
Industry
Hyundai Engineering gets $1.5 billion Ma'aden pact
Oman firm bids to drill for gold on Pacific seafloor
Mubadala to invest $2 billion in Brazilian group
Bapco lube plant wins top quality award
South Sudan plans underwater pipeline for oil exports
  View all articles
Telecoms
Saudi Arabia 'to spend $13 billion on IT in two years'
UK Firm's $133 million deal for Doha airport security
Cloud demand "to grow 10-fold in 10 years"
Tata Communications completes first wholly owned cable network ring
  View all articles
Tourism
Tourism industry to contribute $44 billion to GCC economies in 2012
Lebanon investment authority gives incentives to $208 million hotel
New projects to promote Dubai's art scene
Dubai's Arqaam plans luxury Croatian resort
  View all articles
Transport
Kuwait seeks interest for major metro project
Qatar Airways eyes major new route expansion
Abu Dhabi Ship Building to boost MRO focus
Rising oil prices to curb airline profits in 2012, says IATA
Dubai International passengers exceed 4.5 million in February
  View all articles
Utilities
Global natural rubber prices to remain under pressure
Water professionals to discuss key issues
Abattoirs tap solar energy to cut costs, save fuel
Dow, Saudi water firm sign desal MoU
  View all articles

State of Illinois Business Development Mission
June 1-8, 2012
State of Qatar and United Arab Emirates

The Office of the State of Illinois has partnered with the Bilateral Chamber for a business development mission to the State of Qatar and United Arab Emirates. This trip marks the 17th consecutive year that the Bilateral is leading successful U.S. Trade Delegations to the Middle East and North Africa. 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. Investments in these sectors continue to enjoy growth opportunities as MENA countries announce five year plans to upgrade: Infrastructure, Housing, Transportation, Healthcare, Power Generation, Water, and Oil & Gas Services. Companies in these sectors are encouraged to register early in order to be guaranteed participation in this mission.

For more information or to receive an application, please click here.


Member Spotlight

Member Spotlight: Salalah Free Zone



Salalah Free Zone (SFZ), the second free zone to be established by the Government of the Sultanate of Oman, was established in 2006 to leverage the potential offered by Salalah's position at the meeting point of major east-west trade routes.

SFZ, which is adjacent to one of the world's largest container ports, the Port of Salalah, was funded with a USD150m investment by the Oman Government. SFZ occupies one of the most strategic locations on the Arabian Peninsula, connecting Africa, the Middle East and Asia to markets in Europe and the Americas. It aims to become the global leading hub for quality industrial and logistical activities by creating long-term partnerships with its clients, using state-of-art infrastructure in a unique location combined with attractive incentives, a secure environment and reliable services.

For more information about Salalah Free Zone, please click here.

For more information about the Benefits of Oman-US FTA for Global Multinationals in SFZ, please click here.

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