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  • Bin Dawood: Joint stock companies are the ideal model for family businesses

    18/12/2024

    ​Bin Dawood: Joint stock companies are the ideal model for family businesses​

    The CEO of BinDawood Holding Company, Ahmed bin Abdulrazzaq bin Dawood, reviewed the most important success factors that led to the transformation of BinDawood Holding Company into a joint-stock company, which was reflected in the increase in its investments, expansion and growth in local and foreign markets, during an open dialogue meeting organized by the Asharqia Chamber, represented by the Investment and Studies Center, in cooperation with Solvancy Consulting Company, on Wednesday, December 11, 2024, at the Chamber’s headquarters, in the presence of a number of entrepreneurs, investors and interested parties.
    BinDawood stressed during the meeting, which was moderated by the Head of the Family Business Sector at Solvancy Consulting, Naeem bin Hudhaifa Al Shurab, that the successful model for family businesses is joint-stock companies, which greatly help in proper governance, growth and expansion of business, in addition to the diversity of investment thinking in the long term for the company, by choosing independent board members with various specializations and experiences that benefit the investment. Bin Dawood pointed out the importance of the uniqueness of each family business in terms of orientations and strategies by choosing the system and orientations that suit the family and result from the family charter that defines the rules and foundations of the company, which is reflected in the governance process.
    Bin Dawood said that the owners have been working early on the procedures for transforming into a joint-stock company after several experiences and stations they have seen for local, regional and international companies, which greatly helped in taking the steps to transform into a joint-stock company.
    Bin Dawood added that the secret of the expansion and growth of investments was the result of continuous development and training in the latest fields and diverse cumulative experiences in senior management and the board of directors, and the human competencies attracted, in addition to using the latest technologies and smart business tools that contributed directly to the growth of the business. Bin Dawood concluded his speech by saying that choosing the right advisor to help in making decisions and taking critical steps in investment greatly helps in overcoming many challenges and starting from where others left off, which is what today has shaped the success story of Bin Dawood Holding Company through its presence in the Tadawul market, not to mention the government incentives, the development of regulations and systems, and the unlimited support from government agencies that have contributed significantly to the growth of the business sector in the Kingdom by opening up horizons of opportunities and investments.



  • ​French delegation reviews investment in smart cities and green energy at Asharqia Chamber

    10/12/2024

    ​French delegation reviews investment in smart cities and green energy at Asharqia Chamber

    On Monday, December 9, 2024, Chairman of the Asharqia Chamber of Commerce Badr bin Suleiman Al-Raziza met with the Trade Exchange Advisor at the Business France Office, Yannis Marsa, where they reviewed aspects of joint economic cooperation between the Chamber and the office.
    The meeting was attended by the Chamber's First Deputy Hamad bin Mohammed Al-Bouali, the Second Deputy Hamad bin Mohammed Al-Ammar, and Board Members Badr bin Mohammed Al-Abdulkarim, Agharid bint Ihsan Abduljawad, and Fahd bin Abdullah Al-Faraj, and Secretary-General Abdulrahman bin Abdullah Al-Wabil.
    The Chamber also organized an investment opportunities meeting with the French trade delegation, which witnessed the participation of a number of companies and investors from the French Republic who presented offers to invest in several opportunities in the fields of smart cities, green energy, artificial intelligence, new technologies, and cybersecurity, in the presence of a number of investors and interested parties.
    For his part, Al-Boali stressed the distinction of Saudi-French relations, which are characterized by historical depth and strong friendship, which are moving forward with strength and stability, and have recorded pioneering steps in various fields and have become a model of constructive harmony, with strong economic and trade relations.

    Al-Boali pointed to the close connection between the Kingdom and the French Republic, with a trade exchange volume exceeding (40) billion riyals in 2023 AD compared to more than (36) billion riyals in 2019 AD, and 175 French companies operate in the Kingdom, employing national human cadres with more than 13.3 thousand employees, and France is the third largest foreign investor in local sectors, such as: renewable energy, transportation, health care, and others.

    Al-Boali said: Today, we look forward as a business sector to building on these distinguished relations between the two parties to establish an ambitious partnership between the private sector in the two countries and create more new opportunities for the growth and prosperity of the economy and business between the two parties.


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  • Asharqia Chamber reviews agricultural guidance in its branch in Qatif

    10/12/2024

    Asharqia Chamber reviews agricultural guidance in its branch in Qatif​

    Asharqia Chamber, represented by the Business Council of its Qatif branch, in cooperation with the Ministry of Environment, Water and Agriculture, organized a workshop on Monday, December 9, 2024, to introduce the importance of agricultural guidance.
    The agricultural guide at the Ministry’s branch in the Eastern Region, Eng. Mufid bin Mohsen Al-Zaher, spoke about the importance of cooperating with the farmer and helping him identify the problems and challenges he faces and providing him with sound practices and how to overcome obstacles in the agricultural field.
    Al-Zaher also pointed out during the workshop, which was moderated by the Chairman of the Business Council, Eng. Hussein Al-Muqrin, the necessity of communicating with farmers and helping them know the optimal use of available resources such as water, soil and fertilizers, in addition to providing them with innovations and modern technologies that contribute to increasing production and preserving resources, pointing to the goals of guidance that emphasize raising the level of knowledge and skills of farmers, changing their behavioral trends and applying the best agricultural skills to increase production and raise the standard of living and knowledge of the farmer.
    Agricultural guidance helps improve crop quality by providing advice on sustainable agriculture and good production practices. It also contributes to raising farmers’ awareness of the impact of climate change and how to adapt to it through appropriate agricultural techniques, in addition to enhancing economic development in rural areas and ensuring the availability of sufficient food by improving agricultural production. Al-Zaher provided several important tips for preserving trees by purchasing them from a known and reliable source to avoid plant diseases, knowing the salinity of the water before purchasing, preparing the land with suitable soil, monitoring trees and knowing their nutritional needs, freedom from diseases and harmful insects, and their water needs, and planting trees in a place where the sun reaches them.



  • ​The Prince of the Eastern Province supervises the Asharqia Chamber’s annual reception for the business sector

    10/12/2024

    ​The Prince of the Eastern Province supervises the Asharqia Chamber’s annual reception for the business sector

    His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, sponsored the Asharqia Chamber's annual reception for the business sector on Tuesday evening, December 3, 2024, amidst a large attendance of economic business leaders in the region and representatives of Arab and foreign companies, bodies and consulates, as well as senior representatives of official government institutions.

    His Highness the PRince of the Eastern Province honored the main sponsors and supporters of the ceremony organized by the Chamber under his patronage at the Dhahran International Exhibitions Company (Expo) Center, and the supporters of Al-Iqtisad Magazine. His Highness toured the hall to communicate and meet with the attendees, and exchanged friendly conversations with businessmen in an atmosphere of friendliness and optimism.

    The ceremony, which the Chamber is keen to organize every year as a platform for communication and interaction between all economic business leaders in the region's sectors, is one of the most important activities organized by the Eastern Province Chamber, due to the goals it achieves, most notably deepening relations between the Chamber's members and each other, as well as between the business sector and official sectors in the country.

    The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, appreciated the patronage and honor of His Highness the Prince of the Eastern Province for the reception ceremony, stressing His Highness’s interest in supporting the business sector in the region and motivating it to carry out its duties amidst the comprehensive development renaissance witnessed by the Kingdom and the region, stressing that His Highness’s patronage doubles the Chamber’s contributions to the growth and development process witnessed by the country. He explained that the ceremony was a good opportunity for dialogue and exchange of opinions, talks and discussions on various topics of interest to the economic community, and enhances the Chamber’s role in achieving its strategic goals in developing the nation and contributing to its prosperity, noting that the ceremony was a platform for communication and a bridge to strengthen ties between businessmen in the Eastern Province, and it has special importance as it represents a forum held every year to achieve communication between the business sector with senior officials and directors of government agencies and bodies and business sector officials in the region.



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  • The Prince of the Eastern Province will supervise the Asharqia Chamber’s annual reception on Tuesday

    01/12/2024

    ​The Prince of the Eastern Province will supervise the Asharqia Chamber’s annual reception on Tuesday

    The Chamber will launch its annual reception ceremony on Tuesday evening, December 3, 2024, under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, at the Dhahran Expo Center. Through this year’s ceremony, which is the largest gathering of the private sector in the Eastern Province, and witnesses the attendance of representatives of major companies, bodies, private sector institutions, Arab and foreign embassies and consulates, in addition to senior representatives of official government institutions from various cities and governorates of the region, the Asharqia Chamber seeks to deepen the bonds and relations between all its subscribers and the business sector and between the private sector and various segments of society, as the annual ceremony represents a forum that stimulates interaction and achieves communication with senior officials and directors of government interests and agencies and officials of the private sector in the region. 

    The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, appreciated the patronage of His Highness the Prince of the Eastern Province, of the annual reception, and stressed His Highness's interest in supporting the business sector in the region in order to double its contributions to the economic growth process witnessed by the Kingdom and the region, and pointed out the importance of the annual ceremony as it represents a forum held every year to achieve communication between the business sector in the region. He pointed to the performance shown by the private sector throughout the past year in supporting the plans for the growth and development process that the Kingdom and the region are undergoing, whether in terms of the strength of performance and expansion, whether at the level of production bases or increasing the number of workers from the national workforce or developing its responsibilities towards social work. Al-Raziza said that the ceremony, which the Chamber is accustomed to organizing at the end of each year, is a good opportunity to meet and exchange opinions, ideas and experiences on many topics of interest to the economic community, in light of the developments witnessed by the national economy, as well as one of the activities to enhance the role of the private sector and increase its partnership in the path of growth and development, led by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and His Royal Highness the Crown Prince, Chairman of the Council of Ministers, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz , as it strengthens the bonds of cohesion, renews communication, and presents ideas that enhance economic growth. He hoped that the ceremony would be a fruitful meeting point for businessmen and women, to achieve further development and growth for the business sector in the Kingdom.


  • ​The Prince of the Eastern Province to sponsor the annual reception next week

    26/11/2024

    The Prince of the Eastern Province to sponsor the annual reception next week

    His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, will sponsor the "Annual Reception" ceremony, which will be organized by the Eastern Province Chamber next Tuesday, December 3, 2024, at the Dhahran Expo Exhibition Center.

    The annual reception, which the Chamber is keen to organize at the end of each year, is the largest gathering of the business sector and all economic pioneers and representatives of Arab and foreign companies, bodies and consulates, in addition to senior representatives of official government institutions in the region, which the Chamber seeks to organize to strengthen ties and links and stimulate interaction between all parties of economic work in the region.

    The Chairman of the Chamber's Board of Directors, "Badr bin Suleiman Al-Rizaiza", valued the patronage of His Highness the Prince  of the region for the annual ceremony and all activities and events of the Asharqia Chamber, stressing that this reflects the extent of His Highness's interest in the activities of the private sector, which represents an enhancement of the progress of the sector and businessmen in serving the region and the nation.

    Al-Raziza said that the annual reception that Al-Arafa is keen to organize every year stems from its firm responsibility to develop and grow the economic movement in the region, and aims to stimulate interaction, strengthen ties, and deepen communication mechanisms between the business sector in the region. He pointed out that the ceremony is a forum where experts and owners of successful economic and investment experiences meet and where visions and ideas are exchanged on how to participate more effectively in the national economy. Al-Rizaiza added that this year's ceremony comes in light of the major entitlements witnessed by the national economy within the framework of implementing Vision 2030, which in turn placed the private sector among its main pillars in achieving its development goals. He said, "The Chamber attaches great importance to the values of (communication and strengthening ties) between business owners in the region, based on its belief in the vital role that communication can play in exchanging opinions and raising issues of interest to the business sector, and effective participation in the serious steps taken by the country towards sustainable development, pointing to the Chamber's activities, programs, forums and workshops throughout the year with the aim of refining the skills and knowledge of the business sector regarding economic affairs, its developments, and its paths for the present and the future. He pointed out that this year's ceremony comes as a harvest of several achievements made by the Chamber in serving the business sector, especially in terms of launching many of its awareness programs or activities and initiatives aimed at expanding the percentage of private sector participation in the national economy, which is witnessing remarkable development at various organizational, procedural and legislative levels.

     

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  • Endowments Forum recommends the importance of the family charter and its role in the success of endowments with a family character

    25/11/2024

    ​Endowments Forum recommends the importance of the family charter and its role in the success of endowments with a family character​

    The Endowment Practices Forum 2024, organized by the Asharqia Chamber on Sunday, November 24, 2024, under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, Honorary Chairman of the Endowments Committee of the Asharqia Chamber, and in strategic partnership with the General Authority for Endowments, stressed the importance of the family charter and its role in the success of the family endowment. During it, the scientific committee of the forum recommended the establishment of a specialized center for family endowments, to provide advisory and administrative support, while accelerating the procedures and services associated with them, as well as the importance of applying tax and zakat exemptions and various fees for family endowments to encourage their establishment and sustainability. It called for the need to find government incentives and incentive awards to enhance the spread of family endowments and stimulate innovation in their management. The committee also recommended enhancing governance and transparency and taking care of qualifying and training current and future members of the boards of supervisors to ensure the application of the best governance practices, while obligating the boards of supervisors to issue periodic reports that reflect the performance of the endowment and the level of Transparency. The committee also recommended the importance of creating a supportive and clear legal framework, by issuing regulatory legislation that supports the establishment and management of family endowments, while providing legal protection for their sustainability, encouraging investment in innovative initiatives, and urging family endowments towards innovative investments that contribute to achieving developmental and societal goals, in addition to enhancing cooperation with government agencies, and providing facilities to enable family endowments to work together with government institutions to implement large-scale initiatives that serve society in a sustainable manner. During the forum, many endowment initiatives were announced, such as the (Riya) endowment initiative, the idea of which is to endow a clear percentage of the company's profits in a flexible and controlled model, while avoiding its connection to the company's business, the initiative to establish the world's first endowment marketing and management company to serve endowments inside and outside the Kingdom, which was launched in cooperation with the Endowments Authority, the small endowment initiative, or what is called (micro endowment), which encourages those with small and medium incomes to establish their endowment portfolios, as well as the initiative of the guide to institutionalizing endowments and controlling relations between them and other entities, which is an initiative of the Council of Civil Institutions, and finally the initiative of the Family Business Association (Tharaa), which is the first civil association in the Kingdom specializing in the field of supporting commercial families. The forum witnessed the holding of about (6) sessions that included the presentation of about (18) working papers, presented by a group of specialists and owners of endowment experiences, and addressed many aspects related to the concept of family endowments and their governance, and the roles played by the bodies supervising endowments for their success and sustainability and maximizing their role and future in the national economic scene, as well as the possibilities for the sustainability of family endowments, and the impact of establishing family endowments on family companies. The forum was accompanied by an exhibition for many endowment bodies during which they presented their endowment products and experiences, amidst the attendance of many government officials, businessmen and women, and experts from specialists and those interested in the field of endowments. The forum aimed to shed light on the mechanisms driving the development and investment of family endowments, the importance of the family charter and its role in the success of the family endowment, highlighting the latest regulatory procedures in establishing endowments and the relationship between family companies and endowments, encouraging the endowment sector to be creative and present best practices in relevant topics to advance the endowment sector, introducing family endowments and urging their establishment by mentioning the possibilities for their success and sustainability, and pointing out the most prominent successful family endowments locally and globally.


  • ​The Prince of the Eastern Province sponsors the “Endowment Practices 2024” Forum

    25/11/2024

    The Prince of the Eastern Province sponsors the "Endowment Practices 2024" Forum

    His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, Honorary President of the Endowments Committee of the Asharqia  Chamber, inaugurated on Sunday, November 24, 2024, at the headquarters of the Asharqia Chamber, the activities of the (Endowment Practices Forum 2024), which was organized by the Eastern Chamber represented by the Endowments Committee of the Chamber, in its fourth edition, in strategic partnership with the General Authority for Endowments, under the slogan (Family Endowments: Their Roles and Potential for Sustainability and Success), at the Chamber's main headquarters, amid the presence of many government officials, businessmen and women, and experts from specialists and those interested in the field of endowments. His Highness toured the accompanying exhibition and His Highness the Prince of the Eastern Province honored the sponsors and supporters of the forum, and during his tour he was briefed on the new session of the forum adopted by the Chamber and the General Authority for Endowments, which comes as a continuation of the awareness campaign of the best practices, initiatives, and innovative and creative programs in the field of endowments. His Highness sponsored a number of memoranda of understanding, as follows: signing a partnership between the Tamkeen Endowments Association and the Abdullah Al Rajhi Charitable Foundation to establish the first endowment renewable energy station, signing a partnership between the Manfa'a Endowments Association and the Al-Dhuwayan Foundation to launch an endowment training center, and signing a partnership between the Tamkeen Association and the non-profit Al-Aswa Al-Hasana Company to cooperate in launching financial products directed at the non-profit and endowment sector. 

    In the opening of the forum, the Governor of the General Authority for Endowments, Imad bin Saleh Al-Kharashi, said that today we are witnessing major transformations and rapid steps in various sectors and fields, resulting in great leaps and great achievements that have contributed to the advancement of the Kingdom's ranking in international indicators and its occupation of advanced positions. This is thanks to God and then thanks to the unlimited support provided by our wise leadership in various sectors, including the endowments sector, which is one of the important sectors that receives great attention from our wise government as it has spared no effort in providing all the possibilities for the General Authority for Endowments that help it perform its tasks and achieve its goals, which contributes to developing and stimulating the endowments sector. He pointed out that this forum comes as one of the tools that contribute to researching and discussing one of the important topics related to the endowment sector, which addresses one of the pivotal topics that touch on developmental and charitable needs and is related to family solidarity and social solidarity, which is family endowments, which represent one of the important and pivotal pillars in moving the wheel of the national economy and comprehensive development, due to its size, diversity and close connection to the family with its various components, which necessitates taking care of it and addressing the challenges it faces and building institutional models for it that enjoy an independent legal personality that contributes to its governance and development and reducing its stumbling and activating its economic and developmental role, saying: The Authority pays great attention to this type of endowments and is working to launch a number of initiatives with a number of partners to develop and advance them to reach the desired model that we aspire to and in accordance with the best local and international practices in a way that ensures its continuity and sustainability and enhances its economic, developmental and social role. For his part, the First Vice President of the Asharqia Chamber, Hamad bin Mohammed Al-Bouali, said during his speech; This new session comes as a continuation of the awareness campaign adopted by the Chamber and the General Authority for Endowments to identify the best practices that drive the development and investment of family endowments, and the importance of the family charter and its role in the success of the family endowment. He said that the endowment represents a type of social solidarity, and the wise leadership has been keen to enhance the roles played by the business sector in supporting and developing the endowment sector, and pointed to the role of the Eastern Chamber in harnessing its capabilities to participate in reviving and developing endowments among the business sector, so it sought to spread awareness and knowledge of the importance of establishing it and adopting its practices, and coordinated with various parties to develop the systems and regulations that govern it and reformulate them in line with the vision and its goals.

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  • The Prince of the Eastern Province will sponsor the Endowment Practices Forum 2024 on Sunday

    25/11/2024

    ​The Prince of the Eastern Province will sponsor the Endowment Practices Forum 2024 on Sunday​

    Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province, Honorary Chairman of the Chamber's Endowments Committee, Asharqia Chamber, represented by the Endowments Committee, will launch the fourth edition of the Endowments Practices Forum next Sunday, November 24, 2024, under the slogan (Family Endowments: Their Roles and Potential for Sustainability and Success). The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, appreciated the patronage of His Highness the Governor of the Eastern Province for the forum, stressing that his patronage contributes to supporting the activities and initiatives of the Chamber and gives it the required momentum to continue its efforts in organizing forums and gatherings. Al-Rizaiza said that the forum aims to shed light on the mechanisms that drive the development and investment of family endowments, the importance of the family charter and its role in the success of the family endowment, in addition to clarifying the latest regulatory procedures in establishing endowments and the relationship of family companies with endowments. Al-Raziza explained that the forum witnesses the participation of an elite group of businessmen, academics, and experts from specialists and those interested in the field of endowments, as it aims to encourage the endowment sector to be creative and present best practices in relevant topics to advance the endowment sector, and to introduce family endowments and encourage their establishment by mentioning the possibilities of their success and sustainability, and pointing to the most prominent successful family endowments locally and globally.

    He also pointed out that the Kingdom is moving into a new era of a prosperous and diversified economy through Vision 2030, which emphasized the role of the private sector in participating in building the social investment market through endowments, noting that the forum comes at the right time, as the construction tools are working in all sectors, by presenting and presenting best practices in launching family endowments, achieving their sustainability, and increasing their contribution to the national economic system. It is worth noting that the endowment is one of the most important fields in economic work and the most spacious and influential within society, which prompted the Asharqia Chamber to pay early attention to this vital sector, and urged businessmen and women to establish it, and work according to many activities to highlight the economic returns of endowments. The endowment sector is witnessing continuous developments through the launch of new initiatives aimed at strengthening endowment management and increasing its effectiveness in serving social solidarity and implementing endowment projects aimed at supporting education and health care, which reflects the goals of the Kingdom's Vision 2030 in emphasizing endowment work, and the importance of partnership with the private sector to achieve the desired goals, by organizing awareness activities that address the importance of endowments and their role in sustainable development, as these efforts contribute to enhancing awareness of the importance of endowments to support social and economic projects.​



  • Women’s Economic Forum 2024 highlights Saudi women’s effective leadership in business sector

    25/11/2024

    Women's Economic Forum 2024 highlights Saudi women's effective leadership in business sector

    His Excellency the Deputy Minister of Human Resources and Social Development for Labor: Saudi women have proven their efficiency in the labor market and the percentage of them holding leadership positions has increased. His Excellency the Deputy Minister of Human Resources and Social Development for Labor, Dr. Abdullah bin Nasser Abu Thunain, confirmed during the first dialogue session entitled (Saudi Women in Light of Saudi Vision 2030 (Effective Leadership)), which was moderated by Board Member Nouf bint Abdulaziz Al-Turki, that the Kingdom has achieved qualitative leaps in the rates of economic participation of women to reach 35.4% in the second quarter of 2024, compared to about 17% in 2017. His Excellency pointed out the most important initiatives that the Ministry of Human Resources and Social Development has worked on and focused on supporting women's participation in the labor market, such as the leadership training program in cooperation with INSEAD University to qualify Saudi women for administrative and leadership positions, which contributed to training 1,700 female leaders, as well as the parallel training program to support training female workers in their first years of work, which contributed to employing and training more than 122,000 Saudi women on the job in various training programs to develop personal skills and specialized technical skills in cooperation with the largest accredited training bodies. His Excellency pointed out that the Ministry continues to work on a number of programs such as the "Wosool" program, which covers part of the costs of women's transportation to and from work, and the "Qara" program, which aims to motivate and empower women to join the labor market and support their continuity in it by providing financial support for childcare services. His Excellency said that the Ministry is currently working on launching new initiatives that empower women within the National Transformation Program in several areas, such as: the initiative to increase job opportunities for women in the field of flexible work, another in developing skills and increasing job opportunities for women in the field of freelance work, and the initiative to develop the childcare system to empower working women.

    The forum witnessed three other sessions that addressed developments in the status of Saudi women in light of the vision, opportunities and capabilities available to them in the entrepreneurship system and ways to enhance their roles in it, and their pivotal role in economic development in all its various sectors, in addition to training and its importance in qualifying them for successful leadership. In the second session, entitled (Entrepreneurship Opportunities and Potentials), which was moderated by Board Member Agharid bint Ihsan Abdul Jawad, and in which the Chairman of the Board of Directors of Arab Business and Investment Company, Eng. Anmar bin Jumaa Al Sulaimani, Dean of the Institute of Innovation and Entrepreneurship at Imam Abdulrahman bin Faisal University, Dr. Kholoud bint Saad Al-Ghamdi, Director of the Social Entrepreneurship Department at the General Authority for Small and Medium Enterprises (Monsha'at), Fawaz bin Mahmoud Al-Tamimi, and Executive Director of Studies and Research and Data Management Office at the Small and Medium Enterprises Bank, Dr. Iman bint Hamlool Al-Shammari, spoke, and was chaired by Board Member of the Asharqia Chamber Agharid bint Ihsan Abdul Jawad. The participants spoke about the importance of the entrepreneur having high self-confidence, and to be sure that opportunities are now more than before, noting the need to continue learning and supporting ideas with knowledge and experience. The speakers said that empowerment houses now offer multiple programs directed at entrepreneurs, providing them with training programs and support that help them start their own projects, or continue and develop them, stressing the importance of benefiting from the experiences of those who preceded them in the field and learning about the stages of failure and success in their projects, stressing that these stories are lessons that new entrepreneurs can benefit from. They also advised staying away from "gift" projects, pointing out that every entrepreneur, male and female, has their own style and personality that must be present in their project. In the third session, entitled (The pivotal role of Saudi women in economic development), moderated by Board Member Abdulrahman bin Mohammed Al-Bassam, Najib Al-Sihati, CEO and Vice Chairman of Al-Sihati Group of Companies, Sheila Al-Ruwaili, CEO of Wasaya International Investment Company, Basma Al-Mayman, Regional Director for the Middle East at the United Nations Tourism Organization, and Amal Dokhan, General Partner at Five Hundred Global, spoke. The participants in the dialogue emphasized the importance of women's participation today in economic development, and their receipt of appropriate support and empowerment, which contributed to enhancing their presence and participation in the economic development movement, and in leadership positions, which was reflected in raising their contribution positively in achieving Saudi Vision 2030, and their participation in decision-making. The fourth and final session, titled (Training and its Importance in Qualifying Female Leaders), was moderated by Abdullah bin Ali Al-Saad, Advisor in Marketing and Business Development. Dr. Mansour Al-Rumayan, General Supervisor of the Agency for Labor Market Affairs and Human Capital Development at the Ministry of Economy and Planning, Mai Al-Muzaini, Founder and CEO of the Arab Center for Women's Empowerment (Nusf), and Eman Al-Samari, Director and Co-Founder of the Women's Leadership Center at Princess Nourah bint Abdulrahman University, spoke. The participants emphasized the importance of training and qualification for female leaders, and the programs provided by governmental, private and non-profit entities that contribute to and support women's empowerment and qualify them in the appropriate manner to assume leadership positions and contribute to economic development and developmental movement at all levels.

     

     

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  • ​Prince of the Eastern Province inaugurates the activities of the Women's Economic Forum 2024 at the Asharqia Chamber

    25/11/2024

    Prince of the Eastern Province inaugurates the activities of the Women's Economic Forum 2024 at the Asharqia Chamber

    His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, inaugurated on Tuesday, November 19, 2024, the activities of the (Women's Economic Forum 2024), which was organized by the Asharqia Chamber represented by the Women's Empowerment Center in its eighth edition, at the Chamber's headquarters, amidst wide participation from specialists, female specialists, officials, academics, and those interested in economic affairs in general and the women's business sector in particular.

    His Highness the Prince of the Eastern Province praised the efforts made by the government of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and the support of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, "may God protect them", to empower women in all fields, through economic programs provided in various fields to contribute to the gross domestic product.

    His Highness the Governor of the Eastern Province honored the sponsors and supporters of the forum, and toured the accompanying exhibition. During his tour, he listened to an explanation from the Chairman of the Chamber, Badr bin Suleiman Al-Rizaiza, about the forum, its objectives, and the most prominent services and works provided by the Chamber in order to empower Saudi women. The forum, which will continue until Wednesday, November 20, 2024, and hosted during its opening session His Excellency the Deputy Minister of Human Resources and Social Development for Labor, Dr. Abdullah bin Nasser Abu Thunain, aims to support the state's efforts in empowering women through entrepreneurship, highlighting successful experiences, and providing appropriate formulations for those wishing to engage in freelance work, as well as for owners of pioneering ideas and emerging projects on how to keep pace with the paths of Vision 2030.

    The forum witnessed the holding of four sessions that addressed the developments of Saudi women in light of the vision by reading their effective and influential role in achieving its goals, as well as the opportunities and capabilities available to women in the entrepreneurship system and ways to enhance their roles in it and what they can do to ensure the sustainability of their companies, and their pivotal role in economic development in all its various sectors, in addition to training and its importance in qualifying them for successful leadership. During his speech, His Excellency the Deputy Minister of Human Resources and Social Development for Labor, Dr. Abdullah bin Nasser Abuthnain, confirmed that the Ministry has achieved multiple accomplishments by implementing ambitious development initiatives and projects in accordance with the Kingdom's Vision 2030. These integrated efforts have resulted in tangible positive results on the social and economic levels, which has contributed to strengthening human capital and raising the Kingdom's competitive position globally. His Excellency pointed out that the labor market strategy has set a clear roadmap for implementing radical reforms in the labor market, whether in the public or private sector, stressing that this strategy is concerned with enhancing the economic participation of male and female citizens, raising the level of skills of national cadres, increasing productivity, improving the efficiency of the labor market, as well as reducing unemployment rates.

    Speaking about the ministry's targets, His Excellency pointed out that the overall unemployment rate has dropped to a historic low of 3.3%, making the Kingdom rank fifth among the G20 countries in terms of low unemployment rates. He indicated that the unemployment rate among Saudis has dropped to 7.1% by the end of the second quarter of 2024, with 4% among males and 12.8% among females. He added that the number of Saudis working in the private sector has reached a record number by the end of October 2024, reaching 2.4 million Saudi men and women. On the other hand, His Excellency explained that the private sector's participation rate in employing Saudis has increased to 52.8%, which reflects the success of government initiatives and policies in promoting Saudi employment, and confirms the strength of the Saudi economy and its rapid growth. He explained that the Ministry's efforts have focused on qualitative initiatives aimed at raising the level of skills and training for male and female citizens throughout the Kingdom, the most prominent of which was the launch of the National Training Campaign (Waad), which aims to provide one million, one hundred and fifty-five thousand training opportunities over 3 years until 2025 AD, and this target was achieved by the end of the second quarter of 2024 AD. Regarding women's empowerment and increasing their economic participation, His Excellency stressed that the Kingdom has achieved qualitative leaps in this field, as the economic participation rate of Saudi women doubled to reach 35.4% in the second quarter of 2024, compared to 17% in 2017, noting that Saudi women have proven their ability and efficiency in the labor market, as the percentage of women in middle and senior management positions reached 43.02% during the second quarter of 2024. His Excellency referred to a group of initiatives launched by the Ministry to support women's participation in the labor market, such as the leadership training program in cooperation with INSEAD University, which contributed to qualifying 1,700 Saudi female leaders, and the parallel training program that supported more than 122,000 Saudi women in developing their technical and personal skills; In the same context, His Excellency said that the Human Resources Development Fund continues to implement the "Wusool" program, which provides partial coverage of transportation costs for working women, and the "Qara" program, which contributes to enabling working women to join and continue in the labor market by providing financial support for childcare services.

    At the end of his speech, His Excellency explained that the Ministry is currently working on launching new initiatives within the National Transformation Program, including the initiative to develop skills and increase job opportunities for women in the fields of freelance and flexible work, and the initiative to develop a childcare system to support working women, within the framework of the Kingdom's full commitment to empowering women and achieving a balance between work and family, to enhance their role as an effective partner in national development in all fields. 

    For his part, Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, praised during his speech the patronage and honor of His Highness the Prince of the Eastern Province for the forum, stressing that his patronage contributes to supporting the activities and initiatives of the Chamber and gives it the momentum required to continue its efforts in organizing forums and gatherings. He added: His Highness's honor gives the forum a value that is added to its value and importance in empowering Saudi women, noting that the forum provides an effective environment for communication, supports the exploration of opportunities, and monitors the opinions, ideas and visions necessary to increase women's participation in the development and growing growth witnessed by the country and the region. Al-Rizaiza said that Saudi women have received a lot of attention, care and appreciation during the reign of His Majesty the Custodian of the Two Holy Mosques and his faithful Crown Prince, which has contributed to strengthening their status and giving them a place befitting them and their capabilities in many fields. They have achieved successes at the national and international levels, and confirmed their role in accelerating the steps towards achieving the goals and aspirations of the vision.

     

    He continued by saying that today, as we are on the path to implementing our blessed vision, and in light of the serious steps our country is taking towards a promising future for Saudi women, we have confirmed the fact that (Saudi women are a number that cannot be ignored in achieving sustainable and comprehensive development in the Kingdom).

     

    He pointed out the importance of what the forum seeks to do in order to support women's participation in the national economy and review the extent of their ability to influence it, noting that it is an opportunity to learn about the pivotal role of women in the comprehensive economic development that the country is experiencing, and to anticipate their future in promoting sustainable development, and to support their role in economic leadership.

    He said that the Asharqia Chamber has its mark in supporting women's progress not only in the economic field, but in all fields and at various levels; the Chamber has been and still is a pioneer in its support for women, by launching initiatives and programs, and its keenness to diversify its tools in awareness, qualification and training in line with the needs of the national economy, and its keenness today to organize the (Women's Economic Forum 2024) for the eighth time, is evidence of this role that the Chamber is proud of and works hard to empower women in all fields. The forum's activities continue today, Wednesday, November 20, 2024, as the workshops start at 9:30 am, and the first workshop deals with the Dhahran Tech Valley system and supporting entrepreneurship, while the second reviews tourism entrepreneurship, and the third workshop discusses the importance of diversity and inclusiveness in the work environment, and the fourth workshop talks about creative leadership - the key to success in the changing business world

     

     

     

     

     

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  • Google Saudi Developer Community Explores AI and Machine Learning in Business

    19/11/2024


    Google Saudi Arabia Developers Community Discusses Artificial Intelligence and Machine Learning in Business

    Asharqia Chamber, represented by the Communications and Technology Committee, in partnership with the Google Cloud Saudi Developers Community, organized on Sunday, November 17, 2024, a meeting of Google experts at the DevFest Developers Festival, which is being held for the first time in the Eastern Province, in the presence of the Chamber’s Board Member and Chairman of the Communications and Technology Committee, Nasser bin Rashid Al-Bajash Al-Hajri. The meeting witnessed the participation of a remarkable number of specialists and technicians, as the meeting presented a group of specialists in this field and discussed the latest trends in artificial intelligence, machine learning, and web and mobile application development, highlighting Google Cloud Platform services and how to benefit from them in building cloud applications, and motivating developers and technicians to learn and communicate through one community. They also called for following up on developments in this field on an ongoing basis. For his part, Nasser bin Rashid Al Bajash Al Hajri, a member of the Chamber's Board of Directors and Chairman of the Communications and Technology Committee, stated that this meeting, which is being held for the first time in the Eastern Province, is an opportunity to learn about the latest trends in the field of technology and how to apply them. It also provides an opportunity to communicate directly with Google experts and ask questions and inquiries about various technical topics, and build strong relationships with other developers from around the world. It also provides many workshops and lectures that help participants develop their technical skills. Al Hajri explained that such meetings contribute to developing the technical environment and enhance the ability of young people to innovate and compete by raising the level of awareness of technology, and this is what we witnessed through the interaction of the attendees with the event, which confirms the importance of the content provided and the vitality present among the participants and speakers. This is what we also witnessed through the positive ideas and proposals presented during the meeting. Al-Hajri pointed out that they in the Communications and Technology Committee of the Eastern Chamber seek to strengthen the relationship between the committee and investors and entrepreneurs to serve and develop the various economic sectors in the Eastern Province, sponsor and support the common interests of the business sector, and explore growth and investment opportunities for economic establishments through meetings and coo​peration between business owners, and enhance, develop and encourage youth and employers and connect them with each other. It is noteworthy that the meeting witnessed the highlighting of experiences and scientific papers in the fields of regulating artificial intelligence and privacy in Saudi Arabia, building mobile applications efficiently and scalably, cloud computing, cloud technology, software, and a workshop entitled Control and Training of Large Language Models of Gema.


  • ​Asharqia Chamber organizes a meeting to review the importance of the commercial identity of the establishment

    18/11/2024

    ​Asharqia Chamber organizes a meeting to review the importance of the commercial identity of the establishment

    Asharqia Chamber, represented by the Chamber's Entrepreneurship Incubator, organized a meeting entitled "Identity is not just a slogan" on Sunday evening, November 17, 2024, at the incubator's headquarters in the Asharqia Chamber Tower.

    The CEO of Identity Marketing Company, Ali bin Saleh Al-Humaidan, reviewed several definitions of identity that highlight its meanings, which are represented in the name, description and design for the purpose of identifying the products or services of an establishment to distinguish it from competitors, or it is the sum of intangible specifications of a product or service such as name, design, packaging, price, history, reputation and advertising style.

    Al-Humaidan said that identity consists of words that reflect the name, verbal slogan and marketing messages, as well as the image that reflects the visual slogan, colors, theme, fonts and a set of images, in addition to containing values, impressions and expectations, and the voice, which is the way the brand communicates with its audience, whether through voice messages or through the written style in advertisements and texts.
    Regarding how to build an identity, Al-Humaidan stressed that this comes after several steps starting with research, study, designing the identity, launching, communication, developing the identity, and measuring, pointing out that the reasons for the failure of some emerging projects are due to the incorrect identification of the target audience, not interacting with them positively, not highlighting the competitive advantage, and also promising to work on something that is not achieved, in addition to unstudied, unclear, and scattered advertising methods, which results in a weak identity and incorrect identity management. Regarding the reasons that emphasize the need to develop the identity, Al-Humaidan said that several reasons lead to this, namely, a decrease in sales or entering a new market, or launching a new service or product, an increase in the number of competitors, a major development of the facility since improving the last version of the identity, the difficulty of attracting competencies to the facility, and finally the weakness of the identity compared to competitors.



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  • Women's Economic Forum 2024 kicks off to enhance women's economic role in light of implementing Vision 2030

    18/11/2024

    ​The Prince of the region inaugurates it under the slogan (Empowering Effective Leadership)


    The Women's Economic Forum 2024 is launched to enhance the economic role of women in light of implementing Vision 2030
    The activities of the eighth edition of the Women's Economic Forum 2024 will be launched on Tuesday, November 19, under the patronage and honor of the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and comes under the title (Empowering Effective Leadership).
    The forum aims to enhance the economic role of women, review the extent of the impact of their participation on economic growth, shed light on women's performance in light of implementing the vision's goals, and discuss the opportunities and capabilities available to empower effective leadership, in addition to identifying aspects of development in the Kingdom and the region and the role of women in its various fields.
    The forum, which will continue until Wednesday, November 20, 2024, will witness the holding of four sessions and a number of workshops that address the developments of Saudi women in light of the vision by reading their effective and influential role in achieving its goals, as well as the opportunities and capabilities available to women in the entrepreneurship system and ways to enhance their roles in it and what they can do to ensure the sustainability of their companies, and their pivotal role in economic development in all its various sectors, in addition to training and its importance in qualifying them for successful leadership, amid the participation of many specialists, female specialists, officials, academics, and those interested in economic affairs in general and the women's business sector in particular. 
    The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, said that women represent a primary source for reforming societies and an effective partner in the path of our development renaissance, and that they have provided the most wonderful examples of assuming responsibility, and have become strongly present and effectively influential in supporting the path of the national economy and raising its global competitiveness, expressing his pride in the roles they play in the comprehensive development renaissance that the country is witnessing. He pointed out that the Asharqia Chamber's keenness to organize the Women's Economic Forum comes with the aim of strengthening ties, stimulating constructive interaction, and enhancing the role of women in the national economy, which is currently witnessing a new launch aimed at exploiting all the state's components, most notably the human resource, stressing that the Chamber always provides support and advice through its various channels to raise the level of women, especially in the economic fields, by urging them to find mechanisms for development and modernization in the fields of production and business management. Al-Rizaiza explained that the forum, which is launched under the slogan of empowering effective leadership, is an extension of the previous versions organized by the Chamber and witnessed great interaction and concluded with a set of recommendations supporting women's progress in the economic sector, hoping that this forum will come out with recommendations in line with the Kingdom's Vision 2030, which emphasized that women are one of the most important elements of the Kingdom's launch into the future, noting that the forum is a serious opportunity to benefit from the experiences presented during it in self-employment and entrepreneurship, in addition to being an opportunity to learn about the mechanisms and tools to support women's economic role.


  • Endowments Forum 2024 aims to advance the endowment sector and encourage the establishment of family endowments

    18/11/2024

    ​Endowments Forum 2024 aims to advance the endowment sector and encourage the establishment of family endowments​​


    The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, said that the Endowments Forum 2024, which is organized by the Asharqia Chamber, represented by the Endowments Committee under the patronage of the Emir of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, under the slogan (Family Endowments: Their Roles and Possibilities for Sustainability and Success), aims to shed light on the mechanisms that drive the development and investment of family endowments, the importance of the family charter and its role in the success of the family endowment, in addition to clarifying the latest regulatory procedures in establishing endowments and the relationship of family companies with endowments. Al-Raziza explained that the forum, which will be held on Sunday, November 24, 2024, will be attended by a group of businessmen, academics, and experts in the field of endowments, as it aims to encourage the endowment sector to be creative and present best practices in relevant topics to advance the endowment sector, and to introduce family endowments and encourage their establishment by mentioning the possibilities for their success and sustainability, and referring to the most prominent successful family endowments locally and globally. He also pointed out that the Kingdom is moving into a new era of a prosperous and diversified economy through Vision 2030, which emphasized the role of the private sector in participating in building the social investment market through endowments, noting that the forum comes at the right time, as the construction tools are working in all sectors, by presenting and presenting best practices in launching family endowments, achieving their sustainability, and increasing their contribution to the national economic system. It is worth noting that the endowment is one of the most important fields in economic work and the most spacious and influential within society, which prompted the Asharqia Chamber to pay early attention to this vital sector, and urged businessmen and women to establish it, and work according to many activities to highlight the economic returns of endowments.​

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