25/09/2013
Emphasized the Government keenness to support the business sector during the opening trade forum
Eastern Amir: We look forward to further progress to overcome the challenges faced by investors
We will work to support commercial interchange, ensuring to promote competition and provide new business opportunities
AlRashid: escalating business necessitates the need to overcome the challenges faced by the business sector
Volume of private consumption in the Kingdom amounted to 718.7 billion riyals by the end of 2012
AlDossary: more than one million commercial register issued by the Ministry of Commerce until the end of last year
Call to contribute to the support of project initiatives (franchising) through the formulation of a unified contract guarantees their rights of parties
His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the eastern region's stressed on the care from the Government of King Abdullah to provide all support and facilities for the business sector in all areas. He said at the opening of the Eastern commercial forum of 2013 which was organized by the East Chamber on Wednesday 25 September 2013: ' for I was here referring to the many indicators that reflect the growing Kingdom and its role in the world economy, and in the regional and Arab surroundings, especially the serious investment growth adds to the distinctive region and serve the national economy in many indicators that reflect the evolution of the investment environment of our economy, which invites us to a lot of optimism in the strength of the Saudi economy and its bright future.
He noted the role of systems, procedures and regulations issued by the authorities concerned in providing the appropriate atmosphere to improve the investment environment, and what that means and the growing flow of investment from inside and outside the Kingdom, in the interest of our economy and the interest of the homeland and the citizen. He said: ' we look forward to further progress to overcome the challenges facing investors, especially in the trade sector, and we will work to support trade, fostering competition and providing new business opportunities, the improvement of the economies of the region, due to the citizen in the eastern region, and lead to the development of our larger steps pushing forward to more submissions in all areas, and expressed the hope that the adoption of the Chamber's special initiative to serve the region and its citizens and visitors.
Said the Chamber's Chairman Abdulrahman bin Rashid Alrashid this forum comes in confirmation of the intention of the Board room, with regard to the adoption of business issues in the eastern region, and the development of the economies of the region, and contribute to accelerate national development in all fields, the Commerce sector represents one of the most important pillars of our national economy and major tributaries that have contributed to strong and effective development in the labor market is growing, the pace is increasingly with the private final consumption in Saudi Arabia 718.7 Billion at the end of last year, the Kingdom also took sixth place globally in retail trade index for emerging countries to the year 2013, as the retail sector is expected to achieve and is the backbone of business sales exceeding 270 billion during the past present and future.
From here, the importance of this event which examines critical issues, chiefly the features ' road map ' of the business in the East, to reflect the priorities of the economic vision of the nature of business activities and strategic goals in the next phase, also looks at the obstacles to trade and ways to promote competition among various sectors in the market, in addition to other issues figured prominently in the economic priorities. He said that the challenges facing the commercial market, the commercial sector is particularly large and growing, and needs all of us to give every sincere effort and sincere intentions, improve investment environment and encourage more domestic investment in the arteries of our economy, and attractive to more foreign investment, leading to higher rates of economic growth, and a confirmation of our successful development, by the grace of God, and the wisdom of the wise leadership.
The head of the Business Chamber Committee Yousef Bin Ahmed Al Dosari explained that this forum derives its importance from the importance of the issues dealt with, such as high international prices and the impact of this increase on the domestic market, and the discussion of electronic commerce at the international level, in terms of their implications and interactions and their effects on local counterpart, also addressed the forum for topics of great urgency to the commercial sector, including: smooth movement of goods in ports and its relationship to the growth of trade and the role of competition in enhancing the competitiveness of our business, and the economic effects of 'The coverup' of the trade performance of the commercial markets and the constants and variables of the local labor market, on the other hand, He stressed the seriousness of the cover up and commercial fraud and said that they are two very important and represent a major concern for investors in the commercial sector, from the adverse effects of the conduct and practices of commercial fraud in all its forms, and the second commercial systems and their role in the development of the national economy, with negative repercussions on the final consumer. Aldossary said that the rapid development of the local commercial market movement and was affected by structural changes to the economy, population and social variables, stressing that these developments resulted in a high number of business records issued by the Department of trade and industry by the end of last year to more than a million records. Al Dosari demand from the Ministry to support the project initiatives (franchising) through the drafting of a standard contract for the parties of their rights and said that making new opportunities for young people and the expansion of the commercial sector.
