The Arab World Chamber of Commerce (AWCC) is negotiating with a high-profile sponsor team to set-up world headquarters in Riyadh, Saudi Arabia by February 1, 2004.
One of the significant characteristics of the Chamber will be to concentrate efforts on developing the private sector, international trade facilitation and encouraging foreign direct investment into the region. The various Arab and joint-chambers used to function in the past, individually and independently, but under a new system of common-interest-cooperation within the Arab World Chamber of Commerce, they will work together as one union or federation.
By regularly channeling a percentage of our revenue into Al-Muhsinun Foundation , AWCC will help to restore the original good works and propagation of the Islamic tradition of "good deeds" through philanthropy done by traditional Islamic charitable organizations.
AWCC is an organization of business leaders and entrepreneurs in the US and Arab world working together to increase trade and investment by promoting broader understanding among US, Saudi Arabian and Arab World companies, as well as specific business opportunities.
The overall Mission Purpose of AWCC is to become the focal point for the exchange of knowledge between the private sectors in the US, Saudi Arabia, and the rest of the Arab World. Its major goals are to encourage manufacturing-related joint ventures in the Arab World between US, Saudi and Arab World companies, create awareness of the opportunities in the Arab World for smaller and medium-sized US firms and increase knowledge and understanding of the business and cultural environments of the Arab World countries. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
