The Chairman of Asharqia Chamber: The new corporate system complete business empowerment system

​The Chairman of Asharqia Chamber: The new corporate system complete business empowerment system

The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the new corporate system, which the Council approved of Ministers on Tuesday, June 28, 2022 AD, "completed the system for empowering the business sector, as it represented a comprehensive framework for all the needs of the business sector, and that its approval stimulates investment and grows with bold capital." It facilitated many of the requirements for establishing businesses and laying the right foundations for their sustainability and expansion.” He extended his thanks to the Crown Prince, His Royal Highness, Prince Muhammad bin Salman bin Abdulaziz, for his interest and follow-up until the issuance of the system, and his constant care and keenness to empower the business sector.​

​​Al-Raziza pointed out that the new system created the necessary mechanisms to empower entrepreneurs and enhance the competitiveness, expansion, and growth of companies, which is reflected in facilitating and facilitating the economic movement in the country, and raising the efficiency of the business in general, stressing that the new system is in line with global practices in addressing the challenges of the business sector and keeps pace with The economic developments taking place in the country. He pointed out that it pushes an increase in the investment movement, especially in small and medium-sized companies, raises the level of flexibility of establishment, preserves rights, reduces disputes, and ensures fair treatment between all parties.​

Al-Raziza stressed that the Kingdom is taking balanced steps toward reform at all levels, within a vision that aims to reach development in its comprehensive concept (regulatory and procedural) by international standards, and in line with the needs and aspirations of the business sector, pointing out that working to develop the procedural system confirms the extent of care Which the wise leadership attaches to achieving comprehensive development, and its belief that it is a target that can only be reached by continuous work on development and modernization in line with local and global developments, and that the development of the corporate system will be positively reflected on the business environment by increasing reliability and establishing civil and commercial rights.​