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Andrew Liveris, chairman and chief executive officer of American firm the Dow Chemical Company, has been appointed co-chair of the newly launched Saudi-U.S. CEO Forum, set up to develop the partnerships between the two countries.

The first meeting of the forum brought together chief executive officers of major Saudi and US companies in several industries and senior Saudi government officials. Discussions focused on opportunities to strengthen bilateral trade and investments and strengthen economic ties.

Dow has been investing in Saudi Arabia for more than 40 years and is the largest foreign investor in the country.