Saudi Arabia-U.S. foster bilateral business

Saudi Arabian leadership of Saudi Green Building Forum, an initiative under the appointment of Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, is all set to join hands with U.S.-Saudi Arabian Business Council (USSABC), a non-profit organisation lending a strong platform for alliance among the top business leaders of Washington DC and Riyadh.

The aim of this alliance is to foster the bilateral business associations by initiating and improving trade and investment by boosting a better understanding level among U.S. and Saudi companies specialise in energy, water and building material. This alliance will also upturn the business opportunities between both the countries by leveraging a two-way flow of know-how and technology in the field of green building.

SGB FORUM aims to promote an all-inclusive set of standards and systems for green buildings in the Kingdom and increase cultural awareness of Green Building and sustainability initiatives by concentrating on 3Ps of business sustainability which are People, Planet and Profit.

Edward Burton, President and Managing Director of the USSABC, said, "USSABC will continue to act as a key player in enhancing the U.S. -Saudi business bilateral agreement relations. Moreover, we look forward to the participation this year and having strong partners by their respective sides, I am certain that this Green Building industry will become a pioneer for innumerable international business ventures for all."

Faisal Alfadl, Secretary General of SGB FORUM, added, "This protocol is very important for both the countries socio-economic environment as Kingdom of Saudi Arabia has vast market and is open to business opportunities coming from US. In fact KSA boasts of having one of the fastest emerging markets for construction in the Middle East region which itself promises a plethora of business prospects for private sector and global companies. Saudi government, with multi-billion dollar expenditure, has plans to focus on sustainability and green building development in the region as it recognises the significance and reliance on non-renewable energy resources. This is clear indication and invitation for companies that can offer innovative green design concepts, energy efficient technologies, competent management systems and ground-breaking architectural and engineering consultancy."