American Business Group

SAWACO is the flagship of Saudi Brothers Commercial Group (SBCG) in the water sector. It is the first private water utility established in Saudi Arabia that got the license of the Ministry of Water & Agriculture in 2000 before IWPP and PPP initiatives were launched. Through diligent investment strategy, continuous development of its human resources and adapting innovative technologies, SAWACO has been considered a pioneer in the water desalination industry in the KSA.It currently owns over 40,000 m³/day desalination capacity with its multi-plants under 24 hours operation. Additionally, Sawaco deployed a fleet of 6 x 1,500 m³/ day (total 9,000 m³/day capacity) SWRO compact units to be deployed anywhere in the world providing temporary water supply for periods ranging from 6 months to 5 years. Most significantly, SAWACO is co-developing the world’s largest SWRO plant with a capacity of 600,000 m3/day jointly with Acwapower at Rabigh 3 IWP. SAWACO has a sizeable fleet of trucks fitted with stainless steel tankers Grade 316-L conforming to HACCP requirement. The ample storage facility of Post-Tensioned Reinforced Concrete water tanks avoid ion exchange between water and tank, and the inner surface of the tanks are coated with food grade epoxy.SAWACO produces and distributes water for different uses and customer categories through customized engineering and production lines. It assures that quality water surpasses standards set by World Health Organization (WHO) and Saudi Arabian Standard Organization (SASO).It is certified by internationally recognized Quality, Environment, Health & Safety Management Systems and Standards such as ISO9001: 2015, ISO14001:2015, ISO45001:2018 & HACCP.SAWACO’s line of business includes BOT and BOO solutions for the provision of desalinated water both public and private sectors throughout the MENA region. In addition, it undertakes Operation & Maintenance of desalination plants all over the MENA region.

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Events

US Consulate General in Jeddah relocates

JEDDAH : The US Consulate General in Jeddah is moving to a new consulate compound in Al-Mohammadiyah district on Sunday after being located on Falasteen Street in Al-Hamra district for over 65 years. The new consulate compound in Al-Mohammadiyah district is close to the new American School building.

US-Saudi diplomatic relations began in 1948 when the US’ first diplomatic mission in Saudi Arabia was located in a traditional house in Jeddah’s old city center, Al-Balad. In 1952, the Consulate General relocated to Al-Hamra district. As Jeddah grew, the city expanded around the Consulate.

The new US Consulate General will be open to the public for business on September 24. The public entrance for all consular services (visas and American Citizens services) is located on the west side of the new consulate on Al-Safa Street. Additional information on the new location can be found here.

Sheikh Khaled Juffali

The ABJ Members and guests were honored to have Mr. Sheikh Khaled Juffali as our guest speaker. His years of successes, depth of understanding, and delightful speech created one of the most notable evenings in our American Business Group’s history. Our group enjoyed hearing about his father’s experiences and business journeys. Mr. Khaled Juffali anecdotes were fascinating giving us a close look at the land, culture, and people that we would not have gained in any other way.

News

The American Chamber of Commerce Saudi Arabia Launches Its New Chapter in JeddahAmChamKSA launched the Jeddah Chapter AmChamKSA on November 11, 2021 at KAEC's Royal Greens.

We would like to thank all in attendance this past Thursday for the historic AmChamKSA Jeddah Chapter Launch Event & United Nations Global Compact Initiative.

Your support and enthusiasm have been the driving force behind AmChamKSA's expansion across Saudi Arabia, now representing three regions across the Kingdom: Riyadh, Eastern Province, and Jeddah.

On behalf of the American Chamber of Commerce in Saudi Arabia, we extend our appreciation and gratitude to the U.S. Mission to Saudi Arabia, including the U.S. Consulate in Jeddah, The Saudi Golf Federation, Golf Saudi, the UN Global Compact Initiative, and all of the members of the Jeddah business community that joined us.

We were honored to hear from The U.S. Mission to Saudi Arabia's CDA Martina Strong, Commercial Counselor James Golsen, Golf Saudi CEO Majed AlSorour and COO Ed Edwards, and U.N. Global Compact Chairwoman Maryam Telmesani.

AmChamKSA Chairman Tarik Solomon, Jeddah Chapter President Forrest P. Young, Jr., and Executive Director Jaime Stansbury also gave remarks.

Our Jeddah Chapter Launch could not have been possible without the enthusiasm that makes AmChamKSA the unified voice for American business interests in Saudi Arabia. Our members are active and engaged, and if you haven't joined us yet, we would like to take this opportunity to invite you to join us as members as an organization at the Quincy Circle, Corporate or Affiliate Level, or as an Individual.

More information about membership and member benefits can be found at the link below.

You are welcome to reply to this email or reach out to Nicola Losada-Phillips, Head of Member Relations: membership@amchamksa.com .

Saudi Arabia's economy likely to grow in 2021 and 2022

Higher oil output amid an OPEC+ agreement has helped push Saudi Arabia's economic recovery in 2021.

RIYADH: Saudi Arabia’s economy is poised to grow from 2.2 percent to 4.8 percent in 2021 and from 4.1 percent to 6.3 percent in 2022, said a Capital Economics report.

The new forecasts are further evidence that the Saudi economic recovery has taken off in 2021.

At the start of the year, the Kingdom’s Ministry of Finance said that it expected 3.2 percent growth this year — reversing the pandemic-driven downturn of 2020. The International Monetary Fund forecast just 2.1 percent growth two months ago.

The Saudi economy is expected to maintain growth in the second half of the year. The expansion is also backed by higher oil output amid an OPEC+ agreement.

The Kingdom’s finance, insurance, real estate, and business sectors are likely to expand by 9 percent annually and their relative share to overall economic activity will grow by 12.7 percent.

Meanwhile, the services sector is also likely to grow about 10 percent annually on average, implying that its relative gross domestic product (GDP) share will climb to almost 40 percent in 2030.

American Business Group of Jeddah (ABJ) - Jeddah - Kingdom of Saudi Arabia

ABJ Contact Email Address: manager@abj-sa.com