S Arabia, US to exchange green building technology
According to a joint statement, the two organizations will join hands during the forum scheduled for Oct. 13-15, 2012 in Riyadh and plan to sign an agreement. The agreement is meant to foster bilateral business associations by initiating and improving trade and investment among US and Saudi companies specialized in energy, water and building materials.
This agreement will also improve business opportunities between both countries by facilitating two-way exchanges of expertise and technology in the green building industry, according to the statement.
Edward Burton, president and managing director of the council, said his organization would continue to act as a key player in enhancing US–Saudi business relations. He expressed confidence the green building industry would become a pioneer for facilitating innumerable international business ventures.
Faisal Alfadl, secretary-general of the forum, said the agreement is very important for both countries’ socioeco-nomic environment, as the Kingdom has a vast market and is open to business opportunities coming from the US.
He added: “In fact, KSA boasts of having one of the fastest emerging markets for construction in the Middle East, which itself promises a plethora of business prospects for private sector and global companies”.—NNI