Secretary Penny Pritzker Meets with Saudi Entrepreneurs About Challenges and Opportunities in the Region
On Tuesday night, Commerce Secretary Penny Pritzker met with a dozen Saudi entrepreneurs in Riyadh, Saudi Arabia, as part of her trade mission to the Middle East. The entrepreneurs work in a variety of sectors, including retail, real estate, food services, and more.
Secretary Pritzker briefly discussed her experiences as an entrepreneur with more than 27 years in business. Then, the male and female participants shared their own stories of entrepreneurship, and discussed challenges and opportunities for entrepreneurs in the region.
The attendees ranged from: a hamburger chain owner who built his first restaurant in 2009 with four employees and now has 17 franchises and 130 employees across the country; an entrepreneur who created a new real-estate-development division at his family’s business; and, a serial entrepreneur who launched an electronic recycling facility, an investment company, and a design school.
The group discussed the importance of education and skills training for entrepreneurs. Secretary Pritzker highlighted the success of the King Abdullah Scholarship Program, which sends tens of thousands of students to study at U.S. universities each year.