29/09/2013
Under the auspices of the Minister of Trade and Industry
Today .. Starting the first founding meeting of the project «industrial integration»
Today, the founders and shareholders of industrial integration meet in the company headquarters of Modon in Riyadh in the presence of and the care of Dr. Tawfig Alrabiah, Minister of trade and industry, to discuss the company's goals and mechanism of action, with a first draft that nuclei would contribute to improving the performance of local industries. He said for the ' economic ' Mshabeb Al-Saad, in charge of the establishment of industrial integration: the numbers of connections that wish to contribute to the project were ranging between 40 and 50 industrial companies from various regions of Saudi Arabia. He said that today's meeting will reveal the true number of shareholders in the project, and that the manufacturer of men's and ladies continues to select the end date for accepting applications.
The proportion of total capital proposed insurance had risen to 35 per cent of the capital of the proposed company configuration, and the number of companies which are licensed industrial contacts with companies related to the industry of over 22, wished to join the project. Al-Saad said the assignment of legal counsel for the company, and begins the first steps of the company, preparation of contracts; contact the competent authorities, registration. The industrial integration project represents a Bank of information for all industrialists in Saudi Arabia, and will provide a database to serve investors in the industrial sector, about the investment opportunities available, the mechanism of action by benefit from past experience referring to the possibility of adopting additional insights and ideas by the shareholders to support the project in the course of the dialogue and proposals in the first founding meeting today. He said Abdullah Al-rubaian, Chairman of the National Committee of industrial integration in the Council of Saudi Chambers: the goal of industrial integration project, the first of its kind in Saudi Arabia, finding information center covers all factories, more than 6,000 factories.
According to the aims for providing a comprehensive database of manufacturers and users from the industry and its customers, in terms of identifying what products are required, the size of the untapped energies, and product quality. He said: ' project will provide the needs of the factories of raw materials and spare parts, will be an important factor in raising the number of factories in Saudi Arabia. Rubaia said that invitations to all licensed manufacturers and industrialists in the sector, according to the available data, ' the fact that the project does not mean people but the enterprises, whether owned by men or women in the private sector. The entry of women in the industrial sector, investors who own the industrial license the JSF, will have an important role, especially in light of the activity in the sector recently. And industrial integration project is the first of its kind in Saudi Arabia, a national small and medium-sized industry, will be ' link ' between major corporations and industrial supplier of licensed institutions and national companies in multiple industries, estimated the initial cost it about 20 million of the increase.
