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.
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: email@example.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.