During the opening of the Qatif Forum for Investment
Al-Sufyan: Qatif is eligible to attract more projects thanks to the resources and energies it owns
Al-Khaldi: The governorate is rich in human and natural resources to achieve the goals of the vision
Al-Faraj: Asharqia Chamber stands next to everyone who wants to invest in Qatif
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, His Excellency the Governor of Qatif Governorate, Khalid bin Abdulaziz Al-Sufyan, inaugurated the Qatif Investment Forum 2019 organized by the Asharqia Chamber on Monday (23 / December / 2019) at Prince Faisal bin Fahd Event Center in Saihat.
Al-Safyan said that due to the entrepreneurial spirit and the ability to positively engage in sustainable development programs targeted by the country, the government of the Custodian of the Two Holy Mosques and his Crown Prince attached great importance to the private sector and sought to give it a greater role in partnership in the advancement of the national economy So, it dealt with its legislations and focused on developing it and providing the appropriate climate for practicing its activities, which reflected positively on its movement and the expansion of its participation.
He added that "in front of the new economic trends and the amazing development they have brought about in various areas of life, and the growing growth that the national economy is witnessing in its various sectors, it is hoped that such activities will add new productive capacities to those available in the Qatif Governorate, and push them to the forefront of cities In the optimal utilization of the available capacities and resources
Al-Sufyan pointed out that the Eastern region - including the Qatif Governorate - has multiple economic and natural resources, which qualify it to lead the economic scene in the Kingdom, as it contains natural resources and a distinct geographical location on the West Bank of the Persian Gulf, possessing a historical heritage and cultural and knowledge extension for thousands of years, Give it unique ingredients in various fields.
Together to support investment:
For this part, the Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said that the Asharqia Chamber, as it organizes this forum in its third edition, is working towards achieving an effective contribution to this province rich in human and natural resources in achieving the goals and aspirations of the vision, as it maximizes our investment capabilities, especially the local ones, for what they have It is crucial to achieving long-term development.
Al-Khalidi went on to say that "investment has a vital role in the process of economic development, as it is one of the important elements in achieving increased growth rates in GDP. Increasing investment rates - especially local ones - leads to higher production capacity and maintains the list of them and works to renew and develop them, as it is An essential tributary of the national economy increases its capacity, and continuously supports its development and growth.
Al-Khalidi pointed out that, in recent times, the follower of the Saudi economy is aware of the size of changes and acceleration witnessed in various sectors. The government of Sidi, the Custodian of the Two Holy Mosques, and his faithful crown prince have invested in the country’s investment environment, and provided a qualitative economic climate that dominates confidence, stability and the preservation of rights, and stimulated Local investors to invest in various economic activities, which constituted a remarkable growth for local investments and greater empowerment of the private sector to contribute to economic development, as it is one of the most important national options in support of the Vision 2030 and its goals, where exploitation Optimizing the available resources and opening wide doors to benefit from the Kingdom's investment components in all its regions. This acceleration in the national economy, and this continuation of the implementation of development projects, indicates a greater openness towards more investment opportunities for the business sector and local investors because they represent a fundamental pillar in achieving an economic construction characterized by growth and sustainability.
Serious steps ... and promising prospects
As for the head of the Business Council of the Asharqia Chamber branch in Qatif Governorate, Abdul Mohsen Al-Faraj, he pointed out that the rational government relied on its vision of economic transformation on its great confidence in the arms of its sons and their ability to interact positively with what the country is taking in serious steps towards diversifying its economic bases, so it paved the way and launched programs and initiatives, and provided incentives and facilities, and developed investment tools to unlock the potentials and capabilities of our economic sectors, and strengthened the role of large and small local companies to be a key player in the national economy, which is what we began to see its results significantly on The ground of an economy characterized by global productivity and competitiveness, balanced and comprehensive development of various cities and regions.
He mentioned that the Eastern Chambers branch of the Qatif Business Council stands next to everyone who wanted to invest in the investment opportunities offered by the Qatif Governorate and offer them full support and assistance in order to participate in the growth and development process. He expressed his hope that this forum will be a catalyst for local investments that are the strength of the national economy and the source of its sustainability.
Session 1: Daren and Tarot is a quality leisure tourist destination soon
Qatif Governor Khaled Al-Sufyan revealed during his participation in the first session of the forum, which was held entitled "Ways to enhance the attractiveness of investment and available opportunities, near the opening of the industrial city located between the province and Jubail on an area of 50 million square meters to attract manufacturing industries, stressing that the province plays an essential role to help the investor By overcoming the difficulties, noting that the Qatif Governorate is considered an attractive investment environment, due to the presence of purchasing power and population density of 650,000 people.
The governor saw that Qatif is characterized by meeting three attractive investment environments, which are (agricultural - marine - land), calling on young business leaders to seize promising investment opportunities, stressing that the province is working on a strategic goal is to attract investment as a basic pillar for operating the national working hands and also its positive impact on society.
52 investment opportunities
The mayor of Qatif, Eng. Mohamed Al-Husseini, revealed that 52 promising investment opportunities were offered in various entertainment and tourism fields, including a popular city in Daren, indicating that the municipality is working to create suitable lands for investment in the educational sector, stressing, approving the opening of 3 main streets directly connected to Jubail, Expecting the opening of the new central fish market within 24 months, as the main plans of the market were approved after their review by the municipality and the issuance of the necessary licenses to the investor.
Al-Husseini pointed out that the two islands of Darien and Tarot will be a quality tourist destination and an attractive investment environment, as an integrated scheme was adopted to make it an entertainment tourism area with distinctive specifications.
Fish wealth
The head of the Qatif Business Council at the Asharqia Chamber, Engineer Abdul Mohsen Al-Faraj, said that the investment map in Qatif is very promising and encouraging, due to the presence of a high population density in the governorate, where citizens represent 87% of the total population, stressing the need to take advantage of investment opportunities in fish wealth and As well as directing investment towards the agricultural sector, in addition to seizing the available opportunities in the tourism sector, pointing out that the current period represents a golden opportunity to invest in the province due to the facilitation of procedures by the funding authorities and the ease of obtaining the necessary licenses, adding that the council Crown of great importance to improving the investment environment and to advise the investor to overcome the difficulties faced in the beginning.
He called for the necessity of making optimal use of the lands of unexploited endowments, calling for better use of the endowments in a way that provides specific investment opportunities, which contributes to creating job opportunities and moving the economic cycle.
The second session: Asharqia season kicks off next March and Qatif is one of the season’s targets
In the second session, which was moderated by Vice-President of the Business Council in the Asharqia Chamber branch in Qatif Hisham Al-Saif, and dealt with (economic fundamentals and the drivers of investment and the importance of their role), during which support mechanisms were discussed by the institutions concerned.
In this regard, Director of the Treasury and Investment Department of the Social Development Bank, Seat Ben Abdullah, Thursday, said that the bank was specialized in social loans, but it has become a financing institution for development projects, and the number of projects that he funded about 23 thousand projects, including 1,800 projects in the eastern region, Qatif acquired 15% of it has been allocated over 5 billion riyals, as the bank’s functions have changed.
He added that the bank provides financial support up to 4 million riyals, over a 4-year repayment period, and these opportunities are available to any Saudi who has a project, provided that he is the owner and he is based on him, and he has no other work, and the exchange process does not take more than 3 months of submission On the loan.
For this part, the Head of Communication and Cooperation at the Aramco Center for Entrepreneurship (Waed) Yaqoub Bin Moaz Al-Saleh said that the Center does not support only projects related to Saudi Aramco's activities and activities, but also supports any investment project by various means. Jobs, support is through financing, capital partnership, or incubation of new projects.
For this part, Executive Director of the Strategic Management of the General Authority for Entertainment, Ghassan Bin Aqeel Khan, said that the authority is concerned with organizing the entertainment sector and its governance, in support of tourism and investment in it.
He said that the authority deals with 17 different entertainment activities ... stressing that the authority relies in its activities on the private sector, as it is a body that is not a substitute for people or for the private sector that thinks, plans, and executes, and the authority grants a license, especially as one of the goals of the authority is to support investment in this the field.
He stated that the authority has set a platform to receive proposals on the Eastern tourist season, which will be launched next March, knowing that the season was the Kingdom's most attractive season for tourists from abroad.
And on the authority of Al-Qatif, Khan said that it is one of the targeted areas in the next season, but we look for the ideas of the people and institutions regarding the activities that are carried out in the season, which we find an opportunity to introduce Al-Qatif in all aspects ... stressing that the authority is conducting a detailed study of any season after completion.
