Organized by the Asharqia Chamber in its third edition in Saihat
The prince of the Eastern Province will sponsor tomorrow, the Qatif Investment Forum 2019
Government officials review the economic fundamentals and drivers of investment
Representatives of giant companies monitor the competitive advantages of investing in the province
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, tomorrow (Monday, December 23/2019/2019), will sponsor the activities of the third edition of the (Qatif Investment Forum 2019) organized by the Eastern Chamber with the participation of a number of representatives of prominent government agencies in the forefront (Qatif Governorate, Municipality Qatif, the Social Development Bank, the General Entertainment Authority, the Public Authority for Small and Medium Enterprises), and representatives of giant companies in the Kingdom (Saudi Aramco, and SABIC).
The forum discusses on two axes, the first is "ways to enhance the attractiveness of investment and available opportunities" and the second axis: "economic fundamentals and the drivers of investment and the importance of their role" As participants discuss within the first axis a number of topics, most notably: "Challenges of investment in economic activities And mechanisms to enhance the attractiveness of investment, available opportunities, and guide junior investors. "While the forum discusses - within the second axis - the competitive advantages that attract investment, in the province and the role of bodies and institutions and major companies in supporting investment, economic fundamentals and the role of institutions The engine of investment and the importance of its role.
During the first session, will speak each of the governors of Qatif / Khaled bin Abdulaziz Al-Sufyan, the mayor of Qatif, Eng. Mohammed bin Abdul Mohsen Al-Hussaini, the head of the Business Council of the Asharqia Chamber branch in Qatif, Eng. Abdul Mohsen bin Abdul-Majid Al-Faraj, and the vice-president of the local content and business development unit at the Saudi Basic Industries Corporation (SABIC) Eng. Fouad bin Muhammad Musa, and this media session is moderated by Muhammad bin Mahdi Al-Hammadi.
On the other hand, Hisham bin Ali Al-Saif, Deputy Chairman of the Asharqia Chamber’s Business Council in Qatif, is speaking during the second session, chaired by Khalid bin Abdul Rahman Al-Jaafari, General Director of Lending Finance at the General Authority for Small and Medium Enterprises, and Director of the Treasury and Investment Department of the Social Development Bank / Seat Ben Abdullah Thursday Head of Communication and Cooperation at Aramco Center for Entrepreneurship (Promising) / Yaqoub Bait Moaz Al-Saleh and Executive Director of Strategic Management of the General Authority for Entertainment / Ghassan Bin Aqeel Khan.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the great success achieved by the forum in the past two versions was a motivation for us to repeat the experience, but with new topics and other speakers, in order to keep pace with the developments taking place in our beloved country, especially at the economic level, in light of the Kingdom's Vision 2030, which focuses on diversifying sources of income, supporting and caring for the private sector, as well as direct support by the national government for local and foreign investments, and providing small and medium enterprises with all forms of support, advice and so on.
Al-Khaldi added that the Asharqia Chamber seeks to make a qualitative shift in the bidding of the private sector, which the rational government is counting on in achieving the 2030 vision, as it is a positive channel for attracting national experiences, and leasing them in favor of the national economy, in the form of distinguished goods and services. Therefore, we see that the Qatif Governorate is one of the important governorates in the Eastern Region, which can be a platform for projects and programs of added value to the national economy.
Al-Khalidi pointed to the interaction of government agencies in the Qatif Governorate with the idea of the forum, and this gives an optimistic indication for achieving more success for the forum, valuing the kind patronage from His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region.
For this part, Chairman of the Eastern Council Branch of the Qatif Chamber, Eng. Abdul Mohsen bin Abdul Majeed Al Faraj, said that the Qatif Governorate is characterized by a set of specifications that make it a fertile oasis for investment, perhaps the most prominent of which is the geographical location between the administrative capital of the eastern region (Dammam) and the Saudi industrial castles (in each of Jubail and Ras al-Khair), and this matter includes areas of work in the commercial, logistical, industrial, and other fields, as well as a view of the preservation of the Persian Gulf and the areas involved in this matter of activities in activities directly related to the sea, such as fishing, tourism, and trades and others.
Al-Faraj said that the presence and participation of a number of giant institutions and companies such as Saudi Aramco, the Saudi Basic Industries Corporation "SABIC", the General Authority for Entertainment, the Social Development Bank, and the Small and Medium Enterprises Authority within the forum's scientific program, give another addition to the forum and the importance of the topics discussed and studied during the forum sessions And her dialogues.
Al-Faraj concluded by saying that the work prospects are wide, and the investment fields in Qatif Governorate are many and varied, supported by the government's approach to diversifying income sources, improving the investment environment, and attracting local and foreign investments. From here, the value of the forum and the importance of the topics that will be discussed during its sessions, and what the participants offer in it, As we hope to be another addition to the investment movement in the eastern region.
