Heavy Hitters in U.S. and Arab Business to Meet in Houston
by: Jack Williams, April 24, 2006 5:04:00 am
The forum will be held at the George R. Brown Convention Center June 26-28 and is expected to draw hundreds of economic leaders from Arab countries and the United States. Nijad Fares is chairman of the Houston host committee that's organizing the forum.
"It's going to be an across-the-board forum that will discuss business issues, life issues, government transparency issues and democracy. The idea behind this is that two people doing business together are friends and not enemies and we're trying to promote business as a tool of diplomacy."
The forum was held in Detroit two years ago. The Houston event will give local energy corporations a chance to build business ties with Arab companies, which released over a $1 trillion in contracts last year to 100 companies, only ten of which were U.S. companies. This is Greater Houston Partnership President and CEO Jeff Mosely.
"There's a real opportunity for investors from the Arab world to buy U-S technology and particularly in the area of the energy cluster, Houston is known globally for the research and development and the technologies that come out of our energy cluster. We know there's a great opporunity to put that business to business relationship togother through that summit."