Business development and the economy
Extracted the Saudi market, a man admired the work of an executive; to its global track record in attracting businesses. The occupation of the ranked 23 among the largest economies in the world, the kingdom is one of three states with a Muslim majority in a G-20 and a member of the World Trade Organization, which occupies No. 11 among the most economically competitive in the world, according to the World Bank report for 2011 for”business”. According to the report itself, Saudi Arabia ranked as the best place to do business in the Middle East and Arab world, for the fifth year in a row. The kingdom is also the tenth State between countries with sovereign debt is safe, as stated in a recent report issued by the institution”vision analysis of credit markets,”London, taking the kingdom in the same category as Germany’s economic strength European ninth. Can not be of the Kingdom and who wish to enter the commercial activities in which they can not request an evaluation and more promising than this. What is more encouraging than this, is that the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz, rely on the talent of the Saudi people and large walk in the Kingdom to the knowledge-based economy.
To succeed in meeting the requirements of this century, 21, and like many countries with inflation, population in the youth category, the Kingdom is working to provide three million new job opportunities in the next decade. This is a big job, but it is necessary to control unemployment and to provide a bright future and producer for 50 per cent of the population who are under the age of 20. It also requires that technology and attract new investments to the Kingdom. Although the Kingdom has taken significant steps to improve the investment climate to attract foreign direct investment, the additional steps that might help Jordan achieve its true potential. For example, according to a World Bank report,”the business”for the year 2011, the Kingdom was No. 140 among 183 countries for the implementation of contracts. Similarly, the success of government policies on employment will depend a lot on the control mechanisms to put an end to unemployment and lower wages. Success and will help in these areas in the provision of attractive job opportunities for Saudi citizens and the private sector to reduce their reliance on foreign labor.
As stated by Secretary of State in the Clinton Forum for the Future in early this month in Doha, Qatar, the Middle East”bursting with talent. And is blessed with resources, and rich traditions of family and faith is well established. This rising generation of young people have the potential to accomplish a lot, it is our duty to give them the opportunity to do so”. The Saudi firms large and active small and medium enterprises are also vital elements in helping to achieve these economic demands and the provision of employment opportunities and experience. Worldwide, 99 per cent of businesses are small or medium-sized enterprises, which is the engine in the production of 50 per cent of gross domestic product. I am glad that the Saudi government has developed innovative programs to help enterprises and new business owners to obtain venture capital to start their activities – The program of Saudi Industrial Development Fund to ensure that loans small and medium enterprises and the program”initiative”for technology incubators meet the needs of projects in the industrial sector. The United States welcomes the opportunity to share experience in assisting in the development of small and medium enterprises and its success in the Kingdom. For example, in the United States, one of the oldest programs that have been established to assist small businesses in winning government contracts is a program”to save part of the government contracts set aside for small businesses”(Cepca, SBSA). And help Cepca””to ensure that small businesses receive a greater share of government contracts, and that singling out certain government contracts for the contribution of small business in particular.
The United States is also a partner ready to provide expertise in business to business men and women Saudis. Obama has hosted nine Saudis distinct and creative in business at the top of business initiatives for the year 2010. We will continue our work in supporting the development of the work base to meet the needs of the Saudi economy. The Kingdom of Saudi Arabia and the education of youth to prepare them for work in a global economy based on knowledge. The King Abdullah Project for the development of public education is to expand the teaching of mathematics, social studies, and strengthen the middle school curriculum. The program King Abdullah Scholarship to send tens of thousands of students to study abroad and gain the skills and expertise necessary to transform the Kingdom’s economy. And the United States is proud to contribute their share in educating the next generation of this. We have more than 32 thousand Saudi students in the United States currently, they expand their knowledge and skills in the world can be harnessed when they return.
Not only leads the youth the future development of the Kingdom, but also will lead the development of large numbers of young women. Young women and is now 60 per cent of university graduates in the Kingdom, the economic resources are not exploited at present. And increase their participation in the labor force will have multiplier effects, which in turn may increase the overall productivity of the country. He will lead the economic development of Saudi Arabia’s future communities of the Red Sea to the Gulf, in the arts and science and women and men. And when President Obama’s vision for the future of our relations with the Muslim world, he stressed that this relationship should be based on foundations of mutual respect and interests and shared responsibility. For me, this means – to some extent – that the U.S. government will work together with the Saudi government to meet the goals of economic development in Saudi Arabia. They are in the Strategic interest of our two countries, and we stand ready to do everything in our power to assist in the development of human resources is vital to the future of our peoples. Open the doors of our schools and our training centers and minds to help the kingdom in achieving these objectives and make full use of its resources. As my friends told me repeatedly Saudis, the Saudi human resources often reliable in achieving the vision of King Abdullah, more than all of its assets in the oil fields or in bank accounts. The United States remains a partner and friend, is committed to helping to achieve this grand vision.
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