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USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth
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USSaudiForum - Panel 2 - Zuhair Allawi - Engines for Economic Growth

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The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how …

The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion.

Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade.

This panel of distinguished experts highlighted industrial infrastructure initiatives as engines for economic growth.

Published in: Business, Travel
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  • 1. Dow.com Infrastructure as a Driver for Growth Dr Zuhair Allawi President Dow Saudi Arabia Co. Industrial Infrastructure Initiatives: Engines for Economic Growth US-Saudi Business Opportunities Forum
  • 2. What is Infrastructure? • Underlying base or foundation of any given system: • Basic facilities, services, and installations - In the 80’s , a fundamental change : de-emphasis of manufacturing & Industrial Infrastructure, as the anchor of all advanced economies and the rapid rise of the services sector - 2008 heralded a paradigm shift in focus back to manufacturing & Industrial Infrastructure 2
  • 3. Knowledge Based Economy • Hydrocarbon economies have two choices: • Merely extracting and selling • Or Invest the returns to build necessary infrastructure to deliver economic growth & diversification. • Education is a key component of the industrial infrastructural landscape 3
  • 4. Saudi – Quick Facts; government spending 2013 4
  • 5. Budget 2013: Spending by Sector 2009 - 2013 5
  • 6. Value Chain Opportunities - Saudi Arabia’s physical infrastructure has gradually developed to accommodate the growing private/commercial sector (which accounts for 48 percent of the country’s GDP) - The KSA government is creating the necessary Industrial Infrastructure through incentives such as: • long-term interest-free loans • policy shifts related to enhancing incentives and guarantees to foreign investors • The drive and plans for the development of free trade zones are under government consideration, 8
  • 7. Energy Driven Infrastructure - Competitive Advantage: Energy intensive industries in the Kingdom have flourished - Attractive Investment Destination: The GCC has an average of five percent of the total production capacity of the world’s top six most energy intensive commodities - Economic Cities: Supplementing cost advantages, the Saudi Arabia General Investment Authority (SAGIA) has also announced plans to build four economic cities expected to: • generate USD $150bn of economic output annually; • promote balanced regional development; • create over a million new jobs; • diversify the economy; • and accommodate 4.5 million people. 9
  • 8. Cluster Programs The National Industrial Clusters Program (NICP) seeks to further focus Saudi Arabia’s efforts at developing sustainable, high-value, export-led industry and growing rewarding, skilled employment opportunities: • Optimize use of Saudi Arabia's abundant energy, natural resources and raw materials; • Generate the fastest possible growth in exports; and • Bring the greatest benefits in terms of technologies and skills development to Saudi Arabia. • Examples: plastics and packaging; minerals and metals; automotive 12
  • 9. Dow’s Participation in Kingdom The Dow Model – Partnership for a sustainable future : – Sadara : A portfolio of Performance Chemicals – SAMCo : Acrylic Acid & Butyl Acrylate – EA Juffali : Styrofoam* & Latex – KAUST : – Research Programs – R & D Center – KAUST Industrial Collaboration Programs – RO/Film Membranes Manufacturing facility – PAA / Coatings 13
  • 10. Thank You 14

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