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Boeing supports Global Competitiveness Forum in Saudi Arabia for fourth consecutive year

28 December 2010

The Boeing Company [NYSA: BA], announced it will support the Global Competitiveness Forum (GCF) for the fourth consecutive year as a Competitive Partner. The event, organized by the Saudi Arabian General Investment Authority (SAGIA), will take place in Riyadh from the 22nd to 25th January 2011.

Jim Albaugh, President and CEO of Boeing Commercial Airplanes, will attend the forum as one of its key speakers. This year’s theme is ‘Innovation as a Means to Competitiveness’.

“Boeing is proud to be associated with the Global Competitiveness Forum, which is a world-class event organized by SAGIA to support Saudi Arabia’s economic development agenda,” said Ahmed Jazzar, President of Boeing Saudi Arabia. “Our involvement reflects the longstanding and valued relationship we share with Saudi Arabia and its people. Boeing is committed to supporting the Kingdom’s economic ambitions and our participation at the Forum reflects that commitment.”

Founded in 2006, the Forum functions as an annual meeting of high-profile global business and political leaders, intellectuals and media. The forum discusses and debates issues and developments around business and economic competitiveness.

The relationship between Boeing and Saudi Arabia goes back more than 65 years when, in 1945, US President Franklin Roosevelt presented a DC-3 Dakota to King Abdul Aziz Al-Saud. Over the years, Boeing has formed numerous partnerships with entities and companies in the Kingdom such as SAGIA, King Abdulaziz City for Science & Technology (KACST), Technical & Vocational Training Corporation (TVTC), King Abdullah University of Science & Technology (KAUST), Al Faisal University, King Saud University, King Abdul Aziz University and the Riyadh Chamber of Commerce. Boeing is a founder of the off-set program companies in Saudi Arabia. Alsalam Aircraft Company is one of the off-set companies and Boeing holds the majority stake there.

Boeing is the world’s leading aerospace company and the largest manufacturer of aircraft in the civil and defense sectors combined. Additionally, Boeing designs and manufactures rotorcraft, electronic systems, satellites, launch vehicles and advanced information and communication systems. Headquartered in Chicago, it employs more than 159,000 people across the United States and in 70 countries.


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