24/05/2017
The Saudi Export Development Committee in the Eastern Region organized a
meeting on Sunday, May 21, 2017 to discuss the two projects of establishing
export houses and studying the financial solutions for the importing and exporting
sector. The meeting focused on the need to create trust between the banking
sector and exporting companies to finance Kingdom
exports, and urged for overcoming the difficulties faced by exporters.
The
meeting also highlighted the development programs that the Committee is working
on to implement in consultation and cooperation with the authorities aiming to improve
the non oil exports and encouraging local exporters to compete internationally
among the kingdom transformation 2030 goals.
The
Deputy Chairman of the Industrial Committee in Asharqia Chamber Muhammed bin
Khalifa Al Juaib, headed the discussions
of the workshop, saying that exporting in the Kingdom suffers from some
difficulties and challenges, mostly the high cost of the port fees, and the
increase in the number of documents and irregular navigation lines. He
also noted the importance of enhancing confidence between the local product and
the financing houses, which would contribute to improving the efficiency of the
exporting environment.
In
addition, the Saudi Export Development Committee presented a visual
presentation of the project of financial services to the importing and exporting
sector, its effects on improving the efficiency of the exporting environment
and facilitating the access of local products to international markets.
The
Committee pointed that there is a study under preparation to solve the issue of
funding, so that it takes the views of companies and institutions, in preparation
for introducing the study to the upper authorities, as this study contributes
to addressing the subject of funding precisely and in detailes.
With
regard to the multiplicity and diversity of the problems faced by the exporting
sector, including the logistics aspect, and the financial aspect, the Committee
noted to several projects ongoing. The most important of these is the launching
of exporting houses, looking forward to provide financial and technical
services to exporters.
The
Committee stressed that one of its main tasks is to look for new markets and
discuss the necessary procedures for the Saudi product to reach those markets.
It aims to increase the exporting readiness of local establishments by improving
their capabilities and exporting knowledge in accordance with the best
international practices. and
creating opportunities for exporters to market local products in international
markets and linking them to international buyers.
Saudi
Exports put all its capabilities to improve the efficiency of the export
environment, improve exporting capabilities, enhancing exporters and their
products and create exporting opportunities by improving financial, promotional
and logistical services to exporters, developing programs and providing
incentives to exporters, promoting Saudi products in international markets, competitive
quality to achieve the access to international markets, reflecting the status
of the Saudi product, and to assist the national economy, the "Saudi
exports" is a translate to the Kingdom vision 2030, and to meet the
aspirations of the wise leadership to diversify the sources of income for The
national economy.