US-Africa Business Summit in Marrakech Seeks to Create Sustainable Partnerships

Marrakech will host the US-Africa Business Summit 2022 next week. (Asharq Al-Awsat)
Marrakech will host the US-Africa Business Summit 2022 next week. (Asharq Al-Awsat)
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US-Africa Business Summit in Marrakech Seeks to Create Sustainable Partnerships

Marrakech will host the US-Africa Business Summit 2022 next week. (Asharq Al-Awsat)
Marrakech will host the US-Africa Business Summit 2022 next week. (Asharq Al-Awsat)

Morocco’s Marrakech city is scheduled to host the US-Africa Business Summit 2022 between July 19 and 22.

The event, which will be held under the patronage of King Mohammed VI, will bring together more than one thousand participants, including entrepreneurs and prime ministers.

It aims to create resilient and sustainable partnerships among key decision makers in the public and private sectors in the United States and Africa.

It is expected to provide an opportunity for various organizations to explore new horizons to enhance the economic partnership, while underlining the next phase of the partnership, which mainly concerns US-African regional trade, energy, digital transformation, and trade finance.

The summit, themed “Building Forward Together” will explore a renewed commitment by both public and private sector stakeholders to building stronger US-Africa trade, investment, and commercial ties as they emerge from unprecedented health and economic challenges.

Its highlights will include plenary sessions and sector-focused panels as an exceptional line up of more than 100 business and government leaders will discuss industry-tested solutions to today's business challenges in agribusiness, finance, energy, health, infrastructure, ICT, security, and more.

Session topics will include “Building a Just Transition to Net Zero in Africa,” “Innovation for Agriculture Transformation,” and “SMEs: Fueling the Recovery and Economic Growth,” to name few.

It will also include an opening session, public meetings and dialogues.



Riyadh Air Willing to Buy Boeing Planes from Cancelled Chinese Orders

Riyadh Air aircraft. (SPA)
Riyadh Air aircraft. (SPA)
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Riyadh Air Willing to Buy Boeing Planes from Cancelled Chinese Orders

Riyadh Air aircraft. (SPA)
Riyadh Air aircraft. (SPA)

Riyadh Air CEO Tony Douglas on Monday said that the Saudi startup carrier would be ready to buy Boeing aircraft destined for Chinese airlines if they are not delivered due to the escalating trade war between the United States and China.

Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the United States in a delivery standoff that drew new criticism of Beijing from US President Donald Trump.

"What we've done... is made it quite clear to Boeing, should that ever happen, and the keyword there is should, we'll happily take them all," Douglas said in an interview with Reuters on the sidelines of the Arabian Travel Market conference.

Boeing took the rare step of publicly flagging the potential aircraft sale during an analyst call last week, saying that there would be no shortage of buyers in a tight jet market.