American “global trade” to develop its business in Saudi Arabia

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American “global trade” to develop its business in Saudi Arabia

Its vice president to “Asharq Al-Awsat”: The kingdom’s mega projects attract technology and infrastructure investments


Friday – 2 Shawwal 1442 AH – May 14, 2021 AD Issue No. [
15508]


{World Trade Centers} planning to be in Saudi Arabia to contribute to current development opportunities (Asharq Al-Awsat)

Riyadh: Fatah Al-Rahman Yusef

At a time when the Association of World Trade Centers in America (an international organization that links more than 320 major global companies from 100 countries) launched a platform for the companies affiliated to it operating with an artificial intelligence system, she told Asharq Al-Awsat that it plans to develop its business in Saudi Arabia and find its participation. In the mega projects offered.
“We are proud of our relationships with the Kingdom,” said Aaron T. Starks, World Trade Center Vice President for Global Business Services. As the country’s future is bright, ”he added,“ We ​​continue to search for ways in which we can participate in the fields of trade and innovation. ”
Starks added, “As the largest economy in the Middle East, and with the recent announcement of large investments in public projects, Saudi Arabia is preparing to diversify its economy and attract new industries, as some reports expect annual growth of up to 4 percent in 2021 for the country; This will lead to additional investments in agricultural technologies and public infrastructure. ”
He added, in an interview with Asharq Al-Awsat, “Saudi Arabia is also preparing to attract a vibrant workforce from the surrounding regions with the diversification of the economy. Currently, the state is working to develop a good reputation for the quality of education, innovation and encouraging entrepreneurship in the region,” without disclosing the plans being worked on. It has a regional presence in Saudi Arabia.
In terms of projects that work on global trade centers, their size and their impact on the economy and trade, Starks said, “We consider ourselves fortunate to live and work in Utah, and we have the most diversified economy in the United States with a younger population, with an average age of 29 years. We have the fastest growing life sciences community nationwide, where companies innovate and manufacture vital science devices, supplies and products, many of which are on the verge of reaching a billion dollars. ”
“In addition, our technological community ranks second after Silicon Valley,” Starks added. “Many companies have chosen Utah to start their journeys with brands such as (Facebook), (Google), (Adobe) and (Qualtrix), as these companies provide thousands of High-paying jobs ».
“Moving forward, our focus is on developing our economic environment in each of these areas so that we can continue to attract foreign investment and foster innovation,” Starks said. Over the past decade, Utah has relied on funding for tax increases to lure companies, as this has kept unemployment rates low and helped stimulate global companies. ”
According to the Vice President of the World Trade Center for Global Business Services, global business quickly weaved its way into the business culture of world trade centers, where approximately two out of every 4 jobs are related to export in the state, indicating that this is important because these jobs produce higher wages and are More permanent during recessions.
For his part, Abdullah bin Zaid Al-Melehi, President of the Saudi Excellence Company, said: “We have been working for some time with the Association of World Trade Centers to engage in the development of joint business in Saudi Arabia in light of the huge projects offered in the Kingdom. International companies to show work on Saudi economic projects.
In an interview with Asharq Al-Awsat, he expected that global trade centers would provide a useful experience to motivate Saudi companies to implement various promising projects by adopting artificial intelligence, as a basis for launching business in the Kingdom, which would positively reflect on stimulating private sector companies and contribute to implementing The mega projects on which the Kingdom is currently based, such as the “NEOM” and “The Line” projects, renewable energy projects, green initiative projects and the carbon circular economy.


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