Chairman of the SABC, cast light on the objectives of establishing the Saudi American Business Council, citing that it aims at increasing understanding and cooperation among businessmen in the States and their counterparts in the Kingdom and facilitating commercial and investment transactions and introducing investment opportunities in the Kingdom to U.S. investors. He gave an account of the organization's achievements and hints on its future programs, indicating that the government of the Custodian of the Two Holy Mosques was determined to pour more than $600 billion on expanding the infrastructure and major services by 2020. He drew the attention of the U.S. investors that the Kingdom will soon obtain accession to the WTO, inviting the U.S. companies, particularly the medium-scaled, to enter the Saudi market. He vowed that the council will continue to spare no effort to attract U.S. inventors to enter joint ventures and trade with their Saudi counterparts to the benefit of both sides. --More 1414 Local Time 1114 GMT
