The Prince of the Eastern Province sponsors the launch of the "Jobs 2024" exhibition on Monday
13/10/2024
The Prince of the Eastern Province sponsors the launch of the "Jobs 2024" exhibition on Monday
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, will sponsor the launch of the "Jobs Fair 2024" on Monday, October 14, 2024, organized by the Asharqia Chamber represented by the Employment Centre, and will continue until October 16, 2024, at the Dhahran International Exhibitions Company "Dhahran Expo" in Al-Raka.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, appreciated the patronage of His Highness the Governor of the region for the exhibition, stressing that it represents great support for this event, and is one of the incentives for the Eastern Chamber for more initiatives in this regard. Noting His Highness's constant keenness to support the programs, activities and events of the Chamber directed at the business sector and enhance its efforts in various localization paths.
Al-Rizaiza stressed that the exhibition contributes effectively to the localization plan supported by the state, may God protect it, to reduce unemployment rates in order to achieve the goals of the Kingdom's Vision 2030, by providing qualified national cadres to companies and institutions wishing to support their work team in national skills and expertise.
Al-Rizaiza said that the exhibition receives its visitors from 1 pm to 8 pm, noting that the exhibition, during the years of its holding, has shown many young Saudi men and women who hold modern specializations that keep pace with the rapid development in the labor market and its requirements in terms of specializations, technical details, and skills, pointing out that the exhibition allows job seekers to communicate directly with employers and representatives of institutions. They can ask questions and inquiries and learn more about specific companies and available opportunities. Participants in the exhibition can also submit their CVs electronically and directly to human resources officials. This increases the chances of obtaining interviews and job opportunities, and it also represents an opportunity for job seekers to get to know a specific industry or specialization better, so that they can explore participating companies and institutions and learn more about the needs of the industry and current global trends. The exhibition allows job seekers to register through the official website of the exhibition, which requires filling out a simple registration form electronically that includes personal information and available experiences and obtaining a QR code. Registration is a condition for entering the exhibition, and it is prohibited to bring any documents, photographs, or written CV.
"Jobs 2024" Exhibition provides an electronic pre-registration service for job seekers
13/10/2024
"Jobs 2024" Exhibition provides an electronic pre-registration service for job seekers
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, the Asharqia Chamber, represented by the Employment Center, will launch the "Jobs 2024" exhibition next Monday at the Dhahran International Exhibitions Company "Dhahran Expo" in Al-Raka.
The exhibition, which will be held from October 14-16, allows job seekers to register through the exhibition's official website, where it requires filling out a simple electronic registration form that includes personal information and available experiences and obtaining a QR code. Registration is also a condition for entering the exhibition, and it is prohibited to bring any documents or written CV.
The exhibition aims to provide an integrated platform that brings together job seekers and employers from various sectors, which contributes to enhancing employment opportunities in the local market. It is distinguished by the diversity of participating companies, as it includes a group of major companies in the fields of technology, industry, services, and the health sector.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, confirmed that the exhibition contributes effectively to the localization plan supported by the state, may God protect it, to reduce unemployment rates and achieve the goals of the Kingdom's Vision 2030, by providing qualified national cadres to companies and institutions wishing to support their work team with national skills and expertise. Al-Rizaiza explained that the exhibition allows job seekers, both male and female, to communicate directly with employers and representatives of institutions, where they can inquire and learn more about companies and their needs for specializations and available opportunities, noting that the exhibition, during the years of its convening, has shown the interest of many young Saudi men and women who hold modern specializations that keep pace with the rapid development in the labour market and its requirements in terms of specializations, technical details, and skills. The exhibition represents an opportunity for job seekers to get to know an industry or specialty better, so that they can explore participating companies and institutions and learn more about the needs of the industry and current global trends. Participants in the exhibition can also submit their CVs electronically and directly to human resources officials. This facilitates the application and increases the chances of finding the appropriate job. Asharqia Chamber calls on job seekers, both male and female, to complete the electronic registration process at the exhibition, as it represents a unique opportunity to gain knowledge, expand professional networks, and increase the chances of obtaining suitable jobs.
Minister of Tourism stresses promising investment opportunities in tourism sector during his meeting with investors in the Asharqia Chamber
13/10/2024
Minister of Tourism stresses promising investment opportunities in tourism sector during his meeting with investors in the Asharqia Chamber
On Wednesday, October 9, 2024, His Excellency the Minister of Tourism, Mr. Ahmed bin Aqeel Al-Khateeb, met with a number of investors and entrepreneurs during his visit to the Eastern Province. His Excellency was received by the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza. During the meeting, His Excellency reviewed the great opportunities available for investment in the tourism sector. His Excellency pointed out that the Eastern Province is one of the most prominent tourist destinations in the Kingdom, and represents a unique model in the field of tourism due to its geographical diversity and the beaches of the Arabian Gulf in all its governorates, in addition to the historical and heritage dimension of the region, noting that the Ministry is keen to strengthen its partnership with the private sector as the main driver of the tourism sector. His Excellency the Minister Al-Khateeb explained that encouraging investments and providing facilities to investors is one of the most prominent files carried out by the Ministry, noting that the investment enablers program in the tourism sector; It is one of the initiatives aimed at encouraging investors to invest their capital in the sector, as it works to reduce the cost of government fees in the hospitality sector by 22%, noting that the decision to stop municipal fees on hospitality facilities is an additional step towards encouraging investments in tourism projects.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, said that the Eastern Province is considered one of the most prominent tourist destinations in the Kingdom, and is rich in many activities, destinations and experiences that vary between cultural, heritage and beach tourism paths, and pointed to the ideal places that characterize the region and what it provides in terms of marine destinations and ideal family parks, and natural elements that help establish various activities.
Al-Rizaiza explained that the Eastern Province has a unique cultural heritage, as it embraces the Al-Ahsa Oasis, which is considered the largest palm oasis in the world, and includes historical sites such as Ibrahim Palace, and the Al-Ahsa Museum, which tells the history and culture of the region, in addition to popular markets such as: Al-Qaisariya Market, which displays handicrafts and local products.
The region also includes many open wilderness areas, whether in Al-Nuairyah or the Saman Desert, and others, which reflect the culture of the region and the diversity of its tourist destinations, in addition to enjoying an economic legacy represented by the industrial cities of Jubail 1 and 2 and Ras Al-Khair, which are distinguished by providing the most important mining and marine industries in the world.
Al-Rizaiza added that tourism in the Eastern Province is a major driver of development, stressing that the Kingdom's Vision 2030 and its capabilities and programs have greatly helped in making it an ideal destination for travelers and its effects have extended to society and the economic and environmental sectors, as tourism contributes to increasing revenues through visitors' spending on accommodation, restaurants and shopping, and providing direct and indirect job opportunities in areas such as: hospitality, transportation, services, and improving infrastructure. Al-Raziza explained that the meeting of His Excellency the Minister of Tourism reviewed many of the shared ambitions between the Ministry and the business sector and was characterized by high positivity that will directly reflect on the Eastern Province and contribute to raising the quality of life in the region.
The Eastern Province has a number of projects within the Tourism Development Fund portfolio, as 17 projects have been approved with a total value exceeding 12.7 billion riyals, which will contribute to providing more than 2,200 hotel rooms in the region. The number of projects approved by the Fund has reached 10 projects with a value exceeding 10.6 billion riyals, which will add more than 1,400 hotel rooms.
The data also revealed the tourism figures in the Eastern Province that the total number of local and expatriate tourists who visited the region during the past year 2023 AD exceeded 19 million tourists, while the total tourist spending amounted to 27.8 billion riyals, an increase of 27%.
Indian trade delegation reviews electronics and IT manufacturing fields at Asharqia Chamber
13/10/2024
Indian trade delegation reviews electronics and IT manufacturing fields at Asharqia Chamber
Asharqia Chamber organized today, Tuesday, October 8, 2024, a meeting of the Indian trade delegation, remotely, with the participation of a number of investors and entrepreneurs, and in the presence of the Second Deputy Chairman of the Board of Directors of the Chamber, Hamad bin Muhammad Al-Ammar Al-Khalidi, and the head of the Indian delegation, Deputy Head of the Indian Mission in the Kingdom, Mr. Abu Maten George. The Second Deputy Chairman of the Board of Directors of the Asharqia Chamber, Al-Khalidi, stressed during the meeting, which was attended by the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabil, that the Kingdom and India are linked by strong historical relations and joint cooperation that brings the two countries together at all levels. The depth of this relationship is evident in the fact that India is one of the most important main trading partners of the Kingdom; as the volume of trade between the two countries in 2023 AD amounted to about 156 billion riyals, and India comes as the third main destination for our exports after China and Japan. Al-Khalidi said that we, as a business sector, look forward to building on these distinguished relations between the two parties to establish ambitious and fruitful partnerships between the private sector in both countries and to create more new opportunities for the growth and prosperity of the economy and business, adding that trade relations between the two countries are developing and growing rapidly in various fields, and are awaiting broader horizons of cooperation in light of the government measures and incentives and diversification targets that have made our national economy more open and interested in all sectors. It is noteworthy that the meeting comes within the continuous efforts of the Asharqia Chamber to enhance the economic and development work of the business sector and work as a platform to enhance communication opportunities, putting all its capabilities, whether in this regard, to seek to push the wheel of bilateral trade exchange between the Kingdom and India to new horizons that keep pace with the aspirations of the leadership in the two countries. The delegation included investors in the fields of electronics manufacturing, information technology, and its possible service.
Women’s Economic Forum 2024 presents a new vision for more effective women’s performance in development
09/10/2024
Women’s Economic Forum 2024 presents a new vision for more effective women’s performance in development
Under the patronage of the prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Asharqia Chamber, represented by the Women's Empowerment Center, is organizing the activities of the eighth edition of the Women's Economic Forum 2024, under the title "Empowering Effective Leadership", on (November 19 and 20, 2024).
The forum aims to shed light on women's performance in light of the implementation of the goals of Vision 2030, and to discuss the opportunities and capabilities available to empower effective leadership, in addition to identifying the aspects of development taking place in the Kingdom and the region, its forms and various fields.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, said that the Women's Economic Forum in its eighth edition presents a forward-looking vision for the future of women in light of the comprehensive renaissance that the country is witnessing within the framework of achieving the goals of the vision, and presents an expanded reading of the present of Saudi women in the national economy.
Al-Raziza stressed that the increasing involvement of women year after year in trade and economic activities, in addition to providing tangible evidence of their successes and progress, also makes them a fundamental bet in the national economy, noting that the strategic plan from which the Asharqia Chamber speaks includes providing new and innovative services for Saudi women that will meet their needs in the current economic phase, indicating that the Chamber has extended efforts in supporting and developing the business community and promoting the role of women in it. He pointed out that the forum is a serious opportunity to benefit from the experiences of businesswomen in the field of choosing ways of self-employment and entrepreneurship, noting that the Chamber always provides support and advice through its various channels to raise the level of women in terms of work and business management, by urging them to find mechanisms for development and modernization in the field of production and creativity.
Asharqia Chamber organizes a meeting entitled "Your Steps Towards Billion-Year Companies"
06/10/2024
Asharqia Chamber organizes a meeting entitled "Your Steps Towards Billion-Year Companies"
The founder and CEO of Innosoft, Eng. Louay Labani, said that building a billion-dollar company is the dream of many entrepreneurs, but it requires a lot of work, careful planning, and determination to achieve goals. Labani explained during a meeting organized on Monday evening, September 30, 2024, by the Asharqia Chamber, represented by the Chamber's Entrepreneurship Incubator, entitled "Your Steps Towards Billion-Dollar Companies", that the first step towards building a successful company begins with identifying a new and innovative idea so that it is able to present new ideas, address existing challenges, and meet a need in the market, pointing out the need to study the market in order to analyze competitors and identify their strengths and weaknesses, and understand customer needs to know what customers are looking for in terms of products or services, as well as knowing new trends in the market, and identifying the target segment. Labani pointed out the importance of forming a professional work team as it is considered one of the most important factors for success. Team members must be chosen based on their skills and experiences. And to ensure that the team includes diverse and different experiences, which enhances innovation and creative thinking. He spoke about the importance of having an investor as a person or entity who invests with you with the aim of helping the project grow, indicating the importance of having a business model that defines how to generate revenues, and includes marketing strategies, product distribution, and service provision, so that the company is able to continue operating and achieve success in the long term.
35 thousand visited the handicrafts and crafts exhibition over 5 days
01/10/2024
35 thousand visited the handicrafts and crafts exhibition over 5 days
Asharqia Chamber, represented by the Social Responsibility Center, concluded the 2024 Handicrafts and Crafts Exhibition on Sunday evening, September 29, 2024, with the Saudi Ardah and authentic heritage arts, which witnessed a large turnout of Saudi, Gulf, Arab and foreign visitors interested in the Kingdom's diverse cultural heritage, at the Dhahran Expo. The exhibition received its visitors over 5 days, with 30 working hours from 4 pm to 10 pm, where it witnessed the visit of 35 thousand visitors, who came to learn about the most prominent local products that represent the heritage of the Eastern Region and the most prominent textiles that reflect the comprehensive national identity.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, expressed his thanks and appreciation to His Royal Highness Prince Saud bin Bandar bin Abdulaziz Al Saud, Deputy Governor of the Eastern Province, for his patronage and honoring of the exhibition, stressing that the sponsorship represents great support for the Chamber's events and activities, and contributes to the Chamber's continuation in organizing events that benefit the business sector and support small projects for craftsmen. Al-Rizaiza said that the Chamber was able to contribute significantly to highlighting the identity of the national culture, by empowering owners of crafts, arts and handicrafts by providing them with the opportunity to display their creations to visitors to the exhibition, noting that the exhibition comes in line with the generous high directive of the Council of Ministers, approving the designation of the year (2025 AD) as (the Year of Handicrafts), stressing that the crafts and handicrafts sector is considered a social and economic tributary, through its important role as one of the most important pillars of Saudi Vision 2030 to work on upgrading it, developing it and transforming it into a more organized sector to be an added value in the national economy, and contributing positively to the gross domestic product.
Al-Rizaiza explained: The exhibition witnessed the participation of more than 300 exhibitors from craftsmen and handicrafts owners, government and private agencies, and civil development associations, as it aims to organize the work of these crafts, whether they are handicrafts or plastic artists, to develop their capabilities and provide them with the professional, administrative and creative skills necessary to raise the quality of their products, as exhibitors presented various products in the field of crafts and handicrafts, drawing and decoration, perfumes and incense, sweets, coffee, spices and drinks, and women's fashion, clothing and accessories. The pavilion of the Culture and Arts Association in Dammam also presents artistic connections that reflect the artistic heritage of the Kingdom. Inside the exhibition halls, we met the artist Wedad Al Mubarak, who transformed her talent in plastic arts into the manufacture of moving dolls in order to enrich children's information by embodying different characters beloved by children in order to consolidate the idea and awareness in interactive activities, and present the popular and social heritage of the community. Regarding her participation in the exhibition, she praised the efforts made and that she considers participation a marketing opportunity for crafts, handicrafts and various products. The participation of Wijdan Al Dosari, who influenced the exhibition visitors by transforming her passion and hobby with her daughters into a different craft in tanning natural leather, recycling car and tank tires into home furniture, and creative artifacts that caught the attention of visitors through this craft and talent. From another perspective, artist Doha Akhdar, who specializes in the art of making macramé, presented a wonderful example of the participants in this year's exhibition. During the exhibition, she trained more than 500 people on this art, noting that she is keen to spread the "art of knotting" among girls, by organizing training courses for girls who wish to practice this craft, in addition to empowering more than one participant through training and development before their participation in this year's exhibition.
The Mexican visitor, Megan Salazar, expressed her admiration for the activities presented at the exhibition, which were related to the Saudi heritage, especially the Eastern heritage. He stated that he, his family, and his children enjoyed the creations he saw, stressing the preservation of Saudi culture. The Italian Vitali explained through her visit that the exhibition is a unique value that represents Saudi culture from heritage and the fragrance of extended history, and she considered it a touristic opportunity to learn about the authentic Saudi culture and the various creations of productive families, craftsmen, and various handicrafts.
The Handicrafts and Crafts Exhibition continues to receive visitors until next Sunday
29/09/2024
The Handicrafts and Crafts Exhibition continues to receive visitors until next Sunday
The 2024 Crafts and Handicrafts Exhibition witnessed a remarkable turnout from visitors interested in the Kingdom's diverse cultural heritage, as visitors from Saudis, Arabs and foreigners learned about the most prominent local products that represent the heritage of the Eastern Province and the most prominent textiles that reflect the comprehensive national identity. The exhibition, organized by the Asharqia Chamber represented by the Social Responsibility Center on the Dhahran Expo Company exhibition grounds, continues to receive visitors until Sunday, September 29, as it opens its doors from 4 pm to 10 pm, and exhibitors offer various products in the field of crafts, handicrafts, drawing and decoration, perfumes and incense, sweets, coffee, spices and drinks, fashion, clothing and women's accessories, and the pavilion of the Culture and Arts Association in Dammam offers artistic connections that reflect the artistic heritage of the Kingdom.
In a talk about passion, challenge and determination, the artist Mohammed Al-Qahtani said that his passion and hobby in drawing and interest in wood and its types led him to learn the craft of drawing using burning on wood and leather, noting that the beginnings were not that easy, adding that his determination forced him to learn different skills and interact with other experiences from his participation in many exhibitions, and thus he was able to transform this passion into an additional source of income. He also confirmed that this type of art attracts those interested in it, as many visitors to his pavilion prefer to hear from him closely about the mechanism of work, art and the user, indicating that he masters other arts such as wood carving, plastic art on carpets, and engraving on glass. In another corner of the exhibition, artist Benin Saeed presented the art of macramé knots, which is considered one of the arts of knitting without the use of needles.
All its stages are limited to manual knots made by hand and nothing else. Regarding this, artist Benin said that the art of knots is used in many household chores, in addition to its use in making fishing nets, noting that she has introduced it into the manufacture of hanging chairs and was able to make nets for hanging trees and bag bases, and many other products. Artist Benin explained that hobbies are many and there are many creative people, but the creative person and artist must have a message so that he can convey this hobby with its details to people who need such details to be able to make this art and creativity. Asharqia Chamber was keen to include this year's exhibition with different marketing pavilions prepared with an electronic marketing guide that includes a brief about the pavilion and means of communication with the pavilion owner to give him a long-term marketing opportunity and his connection with the consumer. The exhibition also included the participation of more than 300 pavilions, each pavilion includes a group of corners with similar specializations, in addition to pavilions for civil society organizations and development centers that embrace productive families and owners of crafts and handicrafts, and a special theatrical corner for the Culture and Arts Association through which hobbyists practice their hobbies in drawing, calligraphy, playing music and the violin, and live artistic performances. The exhibition is considered an initiative that cares about crafts and handicrafts from creators and those supervised by civil development associations in the Eastern Province, in addition to the Chamber's developmental role and achieving its goals by maximizing the impact of the community contribution of the business sector, and maximizing the performance of entrepreneurship and small and medium enterprises through craftsmen and handicraft owners and productive families, through awareness programs, workshops and providing qualitative initiatives to serve this development sector, and within the Chamber's plan aimed at continuing its efforts to make the owners of these crafts an effective number within the economies of the Kingdom in general and the Eastern Province in particular.
Deputy Prince of the Eastern Province sponsors the opening of the 2024 Handicrafts and Crafts Exhibition
29/09/2024
Deputy Prince of the Eastern Province sponsors the opening of the 2024 Handicrafts and Crafts Exhibition
Under the patronage and honor of His Royal Highness Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, the activities of the 2024 Handicrafts and Crafts Exhibition, organized by the Asharqia Chamber represented by the Social Responsibility Center, were launched on Wednesday at the Dhahran Expo Exhibition Grounds, and will continue until Sunday, September 29, 2024.
The exhibition, which includes more than 300 pavilions, aims to encourage the culture of entrepreneurship and motivate owners of handicrafts and crafts to take the path of self-employment, and strive to develop and advance them to gain the necessary professional, administrative and marketing skills, in addition to helping them with training and qualification to play their role in the country's development process.
His Royal Highness Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, honored the partners of the exhibition's success: Saudi Aramco, Social Development Bank as strategic partners, Dhahran Expo as main sponsor, Sulaiman Al Rajhi for Development Financing, Elite Company, and Al Salam Hospital as gold sponsor, and the General Authority for Radio and Television, Eastern Sector as TV sponsor. During his tour of the exhibition pavilions, His Highness listened to a detailed explanation from the Chairman of the Board of Directors of the Eastern Chamber, Mr. Badr bin Sulaiman Al-Rizaiza, about the exhibition, its pavilions, corners, and objectives.
Al-Rizaiza appreciated the patronage of His Highness the Deputy Emir of the Eastern Province for the exhibition, stressing that his patronage reflects the extent of support for the Chamber's activities and programs, which enables it to continue working to support the business sector in the region, and the social programs it provides to contribute to community development.
Al-Rizaiza said, "The exhibition comes today in line with the generous directive of the Council of Ministers, approving the naming of the year (2025 AD) as (the Year of Handicrafts), to celebrate its unique value in the national culture, noting that the exhibition of the year works to empower owners of crafts, arts and handicrafts by providing them with the opportunity to sell and display their creations to visitors to the exhibition."
Al-Rizaiza stressed that the handicrafts and handicrafts sector is witnessing major transformations at the level of the Kingdom, through the unprecedented support and empowerment of the wise leadership, and represents one of the pillars of Vision 2030, given the special advantages of the sector, as it carries in its contents the antiquity and authenticity of the past, and its ability to be a social and economic tributary, and an added value to the national economy, with the investment opportunities it carries with high returns. Al-Rizaiza pointed out that the exhibition in this version comes as an initiative that cares about crafts and handicrafts from creators and those supervised by civil society organizations in the Eastern Province, and that it comes from the Chamber's developmental role and in achieving its goals by maximizing the impact of the community contribution of the business sector, and maximizing the performance of entrepreneurship and small and medium enterprises through craftsmen and handicrafts owners and productive families, through awareness programs, workshops and providing qualitative initiatives to serve this development sector, and within the Chamber's plan aimed at continuing its efforts to make the owners of these crafts an effective number within the economies of the Kingdom in general and the Eastern Province in particular. It is worth noting that this version of the exhibition is considered the developed version with the new identity of the exhibition, which was launched in 2015 for the Chamber to continue its role in supporting talents and owners of crafts and handicrafts.
The Deputy PRince of the Eastern Province to sponsor tomorrow the 2024 Handicrafts and Crafts Exhibition
24/09/2024
The Deputy PRince of the Eastern Province to sponsor tomorrow the 2024 Handicrafts and Crafts Exhibition
It will continue for 5 days with the participation of more than 300 exhibitors
Deputy Prince of the Eastern Province to sponsor tomorrow the 2024 Crafts and Handicrafts Exhibition
Under the patronage and honor of the Deputy Prince of the Eastern Province, His Royal Highness Prince Saud bin Bandar bin Abdulaziz Al Saud, the 2024 Crafts and Handicrafts Exhibition will start tomorrow, Wednesday, September 25, 2024, at the Dhahran Expo Exhibitions, and will continue until the 29th of this month.
For his part, Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, praised the patronage of His Highness the Deputy Emir of the Eastern Province for the exhibition in its developed version, stressing that the sponsorship reflects His Highness's continuous support for the activities and programs of the Chamber, which enables it to continue working to support the business sector in the region, and the social programs it provides to contribute to community development.
Al-Raziza explained that the exhibition witnesses the participation of more than 300 exhibitors from craftsmen and handicrafts owners, government and private entities, and civil society organizations, as it aims to organize the work of these crafts, whether handicrafts or plastic artists, to develop their capabilities and provide them with the professional, administrative and creative skills necessary to raise the quality of their products by providing them with the opportunity to display and sell their products within the various exhibition pavilions and according to organized marketing channels that guarantee participants sustainable income and motivate them to entrepreneurship.
Al-Raziza stressed that the crafts and handicrafts sector is considered a social and economic tributary, through its important role as one of the most important pillars of Saudi Vision 2030 to work on upgrading and developing it and transforming it into a more organized sector to be an added value in the national economy and contribute positively to the gross domestic product.
The exhibition also emphasizes the promotion of culture by contributing to spreading awareness about cultural and artistic heritage, and providing a unique experience by providing visitors with the opportunity to meet craftsmen and learn about manufacturing processes, explore all corners, inquire about work techniques and materials used, and perform a live experience.
The Handicrafts and Crafts Exhibition creates new job opportunities in the community and contributes to developing new skills among the targeted audience, which enhances their opportunities in the job market, as it is an inspiring environment that encourages craftsmen to experiment and innovate, through interaction with other artists and visitors to the exhibition.
Jubail Communication Meeting Reviews Businesswomen’s Achievements
24/09/2024
Jubail Communication Meeting Reviews Businesswomen’s Achievements
Asharqia Chamber, represented by the Women's Empowerment Center, organized a communication meeting with businesswomen in Jubail Governorate on Wednesday evening, September 18, 2024, where experiences were exchanged and successful projects and experiences were benefited from in the fields of entrepreneurship, marketing, and business management.
The meeting aims to strengthen relations between businesswomen and exchange ideas and experiences, as attendees spoke about the importance of developing skills in areas such as marketing, management, and innovation, and the participation of experts and specialists in various fields, to discuss the challenges and opportunities available to businesswomen, which is provided by the Asharqia Chamber through lectures, seminars, and scientific workshops it holds.
The meeting reviewed the achievements of the business sector, highlighting the successes and challenges facing the business sector. The attendees also shared inspiring experiences of businesswomen who have achieved great achievements in various fields.
They stressed the need to explore the opportunities available in the market, such as investing in emerging projects and establishing commercial partnerships, noting that such meetings are an effective platform for enhancing the spirit of cooperation and support among businesswomen, which contributes to the development of the sector in general.
Asharqia Chamber launches the 2024 Handicrafts and Crafts Exhibition next Wednesday
24/09/2024
Asharqia Chamber launches the 2024 Handicrafts and Crafts Exhibition next Wednesday
Asharqia Chamber, represented by the Social Responsibility Center, continues its preparations to launch the 2024 Handicrafts and Crafts Exhibition, which is sponsored by the Deputy Prince of the Eastern Province, His Royal Highness Prince Saud bin Bandar bin Abdulaziz Al Saud, next Wednesday, September 25, and will continue until September 29, 2024, from 4 pm to 10 pm, at the Dhahran Expo Exhibitions. Badr bin Suleiman Al-Rizaiza, Chairman of the Board of Directors of the Eastern Chamber, said that the exhibition, which witnesses the participation of more than 300 exhibitors from craftsmen and handicrafts, government and private agencies, and civil society organizations, aims to organize the work of these crafts, whether handicrafts or plastic artists, in order to develop their capabilities and provide them with the professional, administrative and creative skills necessary to raise the quality of their products by providing them with the opportunity to display and sell their products within the various exhibition pavilions and according to organized marketing channels that guarantee sustainable income for participants and motivate them to become entrepreneurs. Al-Rizaiza explained that the exhibition, which is witnessing a new transformation in its new version in general, stems from the developmental role of the Asharqia Chamber and achieving its goals by maximizing the impact of the community contribution of the business sector, maximizing the performance of entrepreneurship and small and emerging projects through craftsmen, handicraftsmen and productive families, through awareness programs, workshops and providing qualitative initiatives to serve this development sector. The Crafts and Handicrafts Exhibition comes in its seventh edition as an initiative that cares about crafts and handicrafts from creators and those supervised by civil society organizations in the Eastern Province, and within the Chamber's plan aimed at continuing its efforts to make the owners of these crafts an effective number within the economies of the Kingdom in general and the Eastern Province in particular. Al-Rizaiza explained that the Chamber is continuing its final preparations to produce the exhibition in a way that reflects the international standards that the Chamber is known for during its organization of exhibitions and events, as the exhibition includes several sections: crafts and handicrafts, drawing and decoration, perfumes and incense, sweets, coffee, spices and drinks, fashion, clothing and women's accessories.
The Chairman and members of the Asharqia Chamber: September 23 is a pivotal moment in the history of the Kingdom
24/09/2024
The Chairman and members of the Asharqia Chamber: September 23 is a pivotal moment in the history of the Kingdom
The Chairman and members of the Board of Directors of the Asharqia Chamber extended their congratulations and blessings to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his loyal Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, and to the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, and his deputy, His Royal Highness Prince Saud bin Bandar bin Abdulaziz, and to the noble Saudi people, on the occasion of the (94) anniversary of the National Day.
They stressed that the National Day anniversary is a pivotal moment in the history of the Kingdom, and carries the consolidation of the meanings of construction, development and stability, and also represents for all citizens and businessmen in particular the true meaning of continuous development, where the solid foundations and principles are not affected or broken in the face of challenges and changes. The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, said that on the (94) National Day, we extend our congratulations and blessings to the leader of the march, the Custodian of the Two Holy Mosques, and his loyal Crown Prince (may God protect them), and stressed that it is a memory through which we realize our responsibilities, and in which we emphasize our roles in the country's implementation of a vision full of purposes and goals, and pointed out that it is a memory during which we stand on the landmarks of renaissance and growth, saying: Here we are today, we see our country advancing and progressing in various fields, and presenting a civilized experience that combines human values, authenticity, and the dynamism of the present and its changes, and preparing for the future with penetrating insight within the framework of an expressive and ambitious vision, which contained many ideas, projects, and initiatives, and presented a forward-looking view of the future, and a great ambition towards sustainable development, stressing that our responsibility is to preserve these achievements and contribute to their development with more proposals and projects with added value. For his part, the First Deputy Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Mohammed Al-Bu Ali, congratulated the leadership and citizens on this historic occasion, and said: It is a memory that establishes the meanings of union and unity, which requires us to contemplate it as we are on the path of renaissance, and to strengthen it among future generations, and to be among our visions and messages in our institutions of various types. He added: On this occasion, we congratulate ourselves on what has been achieved over the past 94 years, which would not have been achieved without the grace of God first, then the solid foundations and civilized vision established by the founding king, and came to represent the rising state with all its ambitions and goals, until it became a beacon that guides those who came after him. The Second Vice Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Mohammed Al-Ammar Al-Khalidi, said that the anniversary of the unification of the Kingdom under one banner means a lot to him, because he considers it a station for reviewing and evaluating the goals achieved and what is hoped to be achieved in the coming years, pointing to the major development leaps on all levels that the Kingdom has achieved over the past years, expressing his optimism about the future in light of the clear vision set by the wise leadership for what the Kingdom will become in 2030 AD, stressing that it has created a qualitative shift in the Kingdom's path towards the future.
The Board member, Agharid bint Ihsan Abdul Jawad, said that it is a memory of the sacrifices, glories and solid foundations established by the founder, and that Saudi women will never forget his interest in their affairs, as he was a supporter of all good that enhances their status, pointing to the qualitative shifts that women are witnessing under the directions and guidance of the Custodian of the Two Holy Mosques, the engineer of transformation and the godfather of change, his loyal Crown Prince, in their journey, whether in terms of continuing to develop their talents and investing their energies or enabling them to obtain the appropriate opportunities for them to build their future and contribute to the path of integrated development that the country is witnessing. For his part, Board Member Badr bin Mohammed Al-Abdul Karim said that the National Day anniversary is an occasion to emphasize national cohesion and determination and to remind us of the construction phase of the founder (may God bless his soul), which was continued by the sons of the honourable kings after him. He pointed out that what we see today in terms of economic growth and a steady increase in the volume of investment opportunities is a strong indicator that the Kingdom is moving towards the future with calculated steps and a youthful vision full of enthusiasm and love for the homeland, calling on young people to benefit from the state of economic activity in the Kingdom and to present competitive innovative ideas in light of this important stage of the nation's development. For his part, Board Member Hamad bin Hamoud Al Hammad congratulated the wise leadership on the occasion of the National Day anniversary, saying: It is the anniversary of the first building block of progress and prosperity. We remember on its occasion the day when the nation was united and united, pointing out the importance of contemplating such a day to take a lesson and take pride. He added: The concept of "continuous development" is the most important and prominent constant established by the founder and his sons, the auspicious leaders after him, including the renaissance in all fields that the country is experiencing today under a comprehensive development vision that has rediscovered all sectors, as the country has witnessed many historical "achievements", stressing that they are huge achievements and bear indications of the size of the comprehensive renaissance that the Kingdom has achieved since its founding. Board Member Saad bin Fadl Al-Buainain extended his congratulations to the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince on the 94th National Day. He said that for the private sector, it represents the meaning of launching and participating in building the nation and playing a pioneering role in achieving the development process. He pointed out that this year it coincides with the Kingdom's increasing ranks in all indicators of international economic institutions and coincides with the confirmation of the Kingdom's position among the largest economic powers in the world, as well as with the increasing growth of the non-oil national economy. Congratulations to us on our National Day and congratulations to our wise leadership.
For his part, the Board Member Abdulrahman bin Mohammed Al-Bassam stressed that the National Day represents a great meaning of modern nationalism that gave the country a new strength as a result of unity around one leadership, one banner, and one slogan, and gathered the nation after its dispersion, and unified the parts of the nation into one strong and impregnable entity, and the name of the Kingdom became a symbol of the nation that is witnessing today, according to a new vision, the greatest and most important achievements, for a dignified and upscale life for the Saudi citizen in all areas of living and life. As for the Board Member, "Abdul Aziz bin Muhammad Al-Othman", he said that it is an immortal memory for the sons of this generous country and those who live on its soil, stressing that the reforms led by the Custodian of the Two Holy Mosques, King "Salman bin Abdulaziz", and his loyal Crown Prince, His Royal Highness Prince "Mohammed bin Salman bin Abdulaziz", are a natural extension of what was established by the grandfathers and fathers and contributed greatly to presenting a new formulation for the national economy based on the foundations of diversification and optimal utilization of resources, a new formulation that is in line with the requirements of the modern era, and also contributed to strengthening the Kingdom's pioneering role and growing its presence in global markets, in addition to making it one of the most attractive global environments for investments.
The Board Member, "Fahd bin Abdullah Al-Farraj", said that the National Day is an opportunity to recall the national achievements made by the sons of this generous country during the past year, which are many and varied, and confirm the keenness of the wise leadership to strive for progress and prosperity and continue construction and development at all levels to achieve the Kingdom's Vision 2030. Board member Fahd bin Hazal Al-Mutairi said that the Saudi people celebrate today amidst feelings of pride and honor for a great national legacy that includes cultural and economic diversity that places us in a distinguished position among nations, praising the giant projects that are achieved every year until the Kingdom has become a distinct figure in the world and the focus of economists and investors. Board member Qusay bin Abdullah Al-Jashi explained that the homeland was and still is an impregnable fortress against the challenges that trouble the world around it, stressing the keenness of the wise leadership to protect the soil of this homeland and its people and to move forward towards developing its capabilities and characteristics while emphasizing the principles of unity and cohesion, noting that it is a memory that carries the values of sacrifice and perseverance that represent the compass of our directions today towards a brighter future. Board Member Majed bin Ibrahim Al-Jumaih said: "Today, we are walking on the path that was drawn by the founding king, may God Almighty have mercy on him, and that the kings of this great country have followed after him. Its title is hard work, sacrifice, and looking to the future with optimism, while emphasizing continuous development for a better tomorrow for future generations."
For this part, The Board Member Mohammed bin Abdul Mohsen Al Rashid pointed out that on this day we celebrate our deep national identity, pledging to be a strong fortress for our wise leadership, and together to contribute to the development of our dear Kingdom and achieve its prosperity in accordance with the aspirations of the leadership to reach leadership, and our ambitions to be distinguished in various fields. Board Member Mohammed bin Ali Al Majdouie stated that the National Day returns to us every year and the Kingdom has achieved new accomplishments in accordance with Vision 2030 at the level of economic development, infrastructure projects, education, technology, health and social care, reaching sustainability, the environment, women and youth, in addition to tourism, heritage and culture, and we have the right to be proud of that and congratulate our leaders and ourselves on the achievements made on the ground. Board member Nasser bin Rashid Al Bajash Al Hajri said that the National Day anniversary is an annual opportunity to pause, re-read its details and learn a lesson, saying that it is a story full of achievements, and motivating and encouraging to continue on the path of growth. Since the founder united the country, he has been adopting development as a path to progress and prosperity, until he followed a solid approach. There is no sector that has not been developed in a manner that is consistent with the requirements of the modern era. He pointed to the serious steps that the country is now taking with a keen vision towards optimal exploitation of its natural resources, strategic geographical location, and human resources capable of working and achieving. For this part, The Board Member Nasser bin Abdullah Al Ansari expressed his great happiness on the occasion of the 94th anniversary of the National Day, saying: It is an opportunity for us to feel our roles towards the present and future of our beloved country, saying that it represents the greatest meanings of patriotism, as it reminds us of the epic of unity under one flag and one leadership, which was able to provide the Kingdom with the constants of launch and the foundations of solid construction, the most important of which is the citizen, by providing him with education and suitable housing, so he became capable of innovation and creativity, so congratulations to our leaders from the sons of the founding king, who became on the path and approach so that the Kingdom became a model of progress and prosperity.
The Board member Nouf bin Abdulaziz Al Turki said that the National Day is a day of pride and honor for all of us, in light of the sacrifices made by our forefathers for the sake of this generous nation, pointing to the achievements made by Saudi women over the course of 94 years, saying that the rulers since the founder have emphasized the empowerment of women, believing in their effective role in driving the wheel of development and progress, referring to Vision 2030, which considered women to be one of the most important elements contributing to achieving its goal of development and prosperity. Finally, the Secretary-General of the Eastern Chamber, Abdulrahman bin Abdullah Al-Wabel, said that the National Day is a memory of beginnings in its highest meanings, where national cohesion and unity of this pure land are, as it is a historical turning point that every citizen is proud of, pointing to the achievements and gains that everyone can see in various sectors until it has become an example to be emulated before the world, and the wisdom of the wise leadership that succeeded in building the modern state with all its components, and was able to achieve successive leaps in record times, extending congratulations to the Custodian of the Two Holy Mosques and his loyal Crown Prince on the anniversary of the 94th National Day, calling on the Almighty to preserve the country and achieve more progress and development for it.
Expert: Distinctive marketing content increases sales rates
24/09/2024
Expert: Distinctive marketing content increases sales rates
Asharqia Chamber, represented by the Women's Empowerment Centre, organized a workshop entitled "How to Market Your Project Digitally", in which digital marketing specialist Raghda Shaheen discussed the importance of choosing the appropriate channels for digital marketing, the reasons for success, interaction with the public, and building a digital community, in the presence of several interested parties and entrepreneurs at the Chamber's headquarters.
During the workshop, which was held yesterday, Tuesday, September 17, Shaheen stressed the importance of choosing good, appropriate content in the digital marketing process, as it contributes greatly to increasing interaction and loyalty to the brand, and content is the primary means of communicating with the public and highlighting the brand identity. She explained to the attendees that digital marketing is the use of the Internet and digital technologies such as smartphones and social media to reach the target audience and promote products and services.
The Specialist Shaheen indicated to the attendees that choosing the appropriate channels for digital marketing depends on knowing the appropriate audience, clearly defining goals, choosing the type of content well that suits the project in order to market it optimally, monitoring competitors and using appropriate research and monitoring tools, measuring performance continuously for effective evaluation and development, and understanding the organization's audience Optimally, it helps create positive interactive content. Specialist Shaheen explained that there is a big difference between digital marketing and traditional marketing, as digital marketing relies on technology and the Internet, and the audience can be targeted accurately based on age, gender, geographic location, and interests, and it helps to accurately measure performance using analysis tools instantly, while traditional marketing relies on traditional media such as television, radio, newspapers, magazines, and billboards, and reaches a wide, large and huge audience without accuracy in targeting, and it is difficult to measure it accurately, and its direct impact cannot be easily known.
Asharqia Chamber hosts Qatif Technical College in the monthly Tuesday meeting
24/09/2024
Asharqia Chamber hosts Qatif Technical College in the monthly Tuesday meeting
Asharqia Chamber, in its branch in Qatif Governorate, held the monthly Tuesday meeting for the business sector, which hosted the Dean of the Technical College in Qatif, Muhammad Al-Ansif, where the meeting witnessed a remarkable presence from the business sector, specialists and interested parties in the governorate.
Al-Ansif spoke during the meeting, which was held on Tuesday evening, September 17, 2024, and was moderated by the Vice President of the Business Council in the branch, Dr. Rashid bin Farhan Al-Mahashir, about the aspirations of the college and its goals aimed at qualifying the sons of the nation in technical fields, noting that the vision of the college, which stems from the vision of the General Organization for Technical and Vocational Training, emphasizes the effective contribution to economic, social and environmental development by providing technical and vocational training for the sons and daughters of the nation with the quality and sufficiency required by the labor market, and achieving global leadership that guarantees independence and self-sufficiency.
Al-Ansif said that the college currently includes two departments, the first is the Business Technology Department, which includes the specializations of Office Business Technology and Accounting Technology, while the second is the Computer and Information Technology Department, which includes the specializations of Computer Technical Support Technology and Network Systems Management Technology.
Al-Ansif announced that the college is working on opening new specializations that contribute to developing the skills of the members of the nation's sons, so that they become able to keep pace with the development and change taking place in the Kingdom within the goals of its 2030 vision. The specializations are Security and Risk Technology, and Occupational Safety.
He also reviewed the strategic goals of the college, which are enhancing the quality of training and institutional quality, expanding technical and vocational training, attracting the best qualified trainers and leaders, providing technical and vocational training based on demand, providing programs and partnerships led by employers, in addition to providing a modern and safe training environment, providing comprehensive services to support trainees and enhance their participation, and enhancing the concept of technical and vocational training and attracting trainees.
At the end of the meeting, the Vice President of the Business Council of the branch, Dr. Rashid bin Farhan Al-Mahashir, honored the guest of the meeting, Dean of the Technical College in Qatif, Muhammad Al-Ansif, with a commemorative shield.
Asharqia Chamber reviews the advantages of the “Mowaamah” certificate and the mechanism for applying its standards
18/09/2024
Asharqia Chamber reviews the advantages of the “Mowaamah” certificate and the mechanism for applying its standards
Asharqia Chamber, represented by the Women's Empowerment Center, in cooperation with the Ministry of Human Resources and Social Development, organized a remote workshop on Monday, September 16, entitled "The Advantages of the Mawaamah Certificate and How to Obtain It", which aims to empower establishments wishing to develop a more inclusive and supportive work environment for people with disabilities. The workshop was attended by Mawaamah specialists Saad Al-Shehri and Ali Al-Samman. The speakers explained during the workshop that the program licenses establishments so that they are work environments that are compatible with people with disabilities. The Mawaamah program was designed to support the increased participation of people with disabilities in the Saudi labor market, in addition to encouraging large establishments to obtain the certificate and linking their participation to the equation for calculating the employee with a disability in the Nitaqat program to stimulate establishments for localization. It is worth noting that the Mowaamah Program is one of the programs affiliated with the Ministry of Human Resources and Social Development, which was launched in implementation of the Kingdom's strategy for the rights of persons with disabilities. It aims to enable persons with disabilities to obtain suitable job opportunities, and provide all the facilities and tools that help them achieve success, in addition to motivating entities and establishments in all sectors to provide a suitable work environment for persons with disabilities, according to specific standards and requirements, enabling the establishment to obtain a suitable work environment for persons with disabilities. Recent studies show that improving infrastructure can increase the opportunities for people with special needs to participate effectively in community life. By applying appropriate standards, so that persons with disabilities can move easily, which contributes to improving their quality of life. The program also includes training sessions for officials and workers in establishments, to ensure that they understand how to deal properly with people with special needs.
Asharqia Chamber and Prince Mohammad Bin Fahd University sign a joint cooperation agreement
18/09/2024
Asharqia Chamber and Prince Mohammad Bin Fahd University sign a joint cooperation agreement
On Monday, September 16, 2024, a delegation from the Asharqia Chamber headed by the Chairman of the Board of Directors of the Ashariqa Chamber Badr bin Suleiman Al-Rizaiza visited Prince Muhammad bin Fahd University and met with the Vice President of the University for Academic Affairs, Dr. Faisal bin Yousef Al-Anzi, in the presence of the Vice President of the University for Business Development, Dr. Muhammad bin Othman Al-Hazim, the Vice President of the University for Student Affairs, Dr. Omar Jawdat Al-Mousa, and a number of university leaders and officials.
On the sidelines of the visit, a joint cooperation agreement was signed in the presence of the Second Vice Chairman of the Board of Directors, Hamad bin Muhammad Al-Ammar Al-Khalidi, Board Member Badr bin Muhammad Al-Abdulkarim, Secretary-General Abdulrahman bin Abdullah Al-Wabil, and Assistant Secretary-Generals. The agreement aims to cooperate in scientific and technical fields and exchange expertise in a way that contributes to developing the mechanism for implementing the programs and activities of the Chamber and the University, and exchanging information and studies between the two parties. Al-Raziza stressed that the agreement comes within the Chamber's efforts to support the business sector in the Eastern Province, as the Chamber works to organize workshops and training programs in which it hosts academics and specialists with the aim of reviewing the ways and steps to develop the work mechanism in the sector and the aspects of support that enable it to perform its developmental roles. Dr. Al-Anzi said that the agreement comes within the framework of the university's efforts and a continuation of its various community initiatives, including cooperation with active institutions in society, explaining that this agreement reflects the keenness of both parties to implement initiatives, studies and forms of joint cooperation that work to empower and enhance the role of the sector in serving the national economy and working to develop it in line with the future visions of the sector, in addition to raising the level of awareness to contribute to overcoming the challenges that may face the sector.
Legal: The need to raise awareness of the laws governing digital contracts and transactions
17/09/2024
Legal: The need to raise awareness of the laws governing digital contracts and transactions
In line with the International Law Day on September 13, Asharqia Chamber, represented by the Asharqia Chamber Arbitration Center, organized a lecture on Monday, September 16, 2024, entitled "Legal Awareness in Light of Digital Transformation Developments", presented by Attorney Omar Al-Amoudi, in the presence of a number of arbitrators, legal experts, law students, and interested parties, at the Chamber's main headquarters. Attorney Al-Amoudi provided a brief overview of the programs of the Kingdom of Saudi Arabia's Vision 2030, their impact on developing and empowering the law, and the duties and responsibilities that every legal professional must have. He also highlighted the digital transformation that the Kingdom is witnessing today, and its impact on the legal aspect and legal processes in terms of procedures and policies. He also explained that legal awareness has become extremely important at the present time, as legal challenges related to the use of modern technology and digital transformation are increasing in various aspects of life. Digital transformation requires a fundamental change in how services are provided, business is managed, and interaction with the public, which imposes the need to understand the laws and legislation governing this field. Al-Amoudi stressed that digital contracts and transactions have become common, raising legal issues related to the validity of contracts, consumer rights, and legal procedures followed in the event of disputes. Hence, awareness of the laws governing these transactions must be raised to ensure their safety and legality. He said that laws related to cybersecurity are constantly evolving to protect personal data, digital assets, and vital infrastructure, pointing to the importance of protecting intellectual property in the digital world, as well as avoiding violating the rights of others, stressing that governments are working to update legislation to keep pace with the digital transformation, which requires individuals and institutions to stay informed of legal developments that affect their digital activities to ensure compliance and avoid legal problems. During the lecture, Al-Amoudi addressed the impact of digital transformation on the judicial system through analyzing judicial data, enhancing transparency, accelerating justice procedures, preserving financial resources, improving efficiency and productivity, judicial research, and the user experience of pleading cases. He also reviewed the most prominent features of legal materials related to cybersecurity, intellectual property, e-commerce and digital contracts, artificial intelligence and ethics, and digital legislation.
Asharqia Chamber reviews in Khafji the real estate development services and programs of the Ministry of Municipalities and Housing
17/09/2024
Asharqia Chamber reviews in Khafji the real estate development services and programs of the Ministry of Municipalities and Housing
Asharqia Chamber, represented by the Business Council in its Khafji branch, organized a workshop on Sunday, September 15, 2024, to introduce the "Real Estate Development Services and Programs of the Ministry of Municipalities and Housing", with the participation of the Director of the Real Estate Development Department at Housing Affairs in the Eastern Province, Eng. Amin Al-Suwaidi, and the Supervisor of Real Estate Development Programs, Majid Al-Rasasi.
Eng. Al-Suwaidi explained during the workshop, which was moderated by the Chairman of the Council, Marzouq Al-Balawi, that the Transformation and Empowerment Program aims to raise the level of performance of the real estate development market, enhance housing supply, and empower the private sector, in addition to supporting and empowering real estate developers in the Kingdom, with the aim of achieving the goals of the housing program by increasing the appropriate real estate supply and raising the efficiency of the real estate development sector, which achieves a higher level of maturity for the sector and achieves the Kingdom's Vision 2030.
Al-Suwaidi indicated that the program has achieved a direct impact by improving the level of internal operations of real estate developers and increasing the number of real estate developers by successfully converting contractors and other companies in addition to raising the efficiency of real estate developers in the Kingdom. As for the indirect impact of the program, it is represented by increasing the number of housing units in the real estate sector. Majed Al Rasasi discussed the real estate incentive initiative, which aims to stimulate real estate supply by creating investment opportunities to encourage the local and foreign private sector to invest in it, and to appreciate the development solutions around it, in addition to encouraging landowners to develop their lands for all their uses. He pointed out that the initiative seeks to link investors with real estate developers, landowners, and financing and investment entities through a package of integrated programs, in addition to addressing the challenges facing the investor through the various programs and products of the Ministry and partner entities: (Etmam platform for license extraction services and approval of plans from Etmam and Balady, the Partnerships and Project Financing Program in partnership with the National Housing Company, the Real Estate Developers Support Program at the Real Estate Fund "Tatweer", off-plan sales products "Wafi", and Sakani Program products for grouping beneficiaries and adding projects to the Sakani portal, and the path of exceptions from the Ministry's submission).
Asharqia Chamber organizes a meeting of industrial sector enablers
12/09/2024
In the presence of the Undersecretary of the Ministry of Industry and Mineral Resources for Industrial Strategies and Sectors
Asharqia Chamber organizes a meeting of industrial sector enablers
Asharqia Chamber, represented by the Industry and Energy Committee, organized a meeting on Wednesday, September 11, 2024, on the capabilities of the industrial sector, in the presence of the Undersecretary of the Ministry of Industry and Mineral Resources for Industrial Strategies and Sectors, Eng. Abdulaziz bin Majid Al-Ahmadi, Chairman of the Board of Directors of the Eastern Chamber, Badr bin Suleiman Al-Rizaiza, and a significant number of business sector, specialists and those interested in the industrial field, at its headquarters.
Eng. Al-Ahmadi pointed out during the meeting, which was moderated by the Chairman of the Committee, Ibrahim bin Muhammad Al-Sheikh, that the industrial sector has witnessed major transformations in the past years, starting with the launch of the Kingdom's Vision 2030, and the launch of the National Industrial Strategy, which resulted in qualitative initiatives and programs with the aim of creating a flexible and sustainable industrial economy led by the private sector to achieve the targeted industrial growth in the Kingdom.
Al-Ahmadi also stressed the importance of enhancing continuous communication with the industrial sector with the aim of maximizing the benefit from the services and capabilities provided by the industry and mineral resources system, within the model of partnership between the private and public sectors in an effort to achieve national targets, noting that a number of factories in the region were visited with the aim of identifying the most prominent challenges and enabling companies to exploit all their production capacities and explore future growth opportunities.
For his part, Al-Sheikh said that industry is of increasing importance in the national economy, as the state is making great efforts to advance the industrial sector, which is witnessing a major transformation in both its path and its targets, the impact of which we have begun to clearly see on the development of the sector and the growth of the volume of its investments. Al-Sheikh pointed out that the meeting comes at a time when the industrial sector in the Kingdom is witnessing major developments thanks to the great support provided by the wise leadership, represented in the approval of legislation and initiatives stimulating the sector, launching the national strategy for industry, providing financial incentives, and extending financial compensation exemptions until 2025, which contributed to the industrial sector achieving unique and record successes, as the number of industrial establishments reached nearly 12,000 establishments, and the employment growth rate increased by 57% and localization by 32%. The meeting reviewed a number of initiatives aimed at supporting the industrial sector and increasing the contribution to achieving the goals of the Kingdom's Vision 2030, including the Industrial Sector Competitiveness Program, which aims to enhance the competitiveness and efficiency of existing industrial establishments by providing several solutions that help raise the efficiency and quality of energy sources used in industrial establishments, in addition to serving the abundance of raw petrochemical materials to enable supply chains associated with them and maximize the benefit from the ministry's official channels to address challenges. An unfair competition service was also presented, which seeks to ensure and enhance fair competition and develop policies And related regulations, and the Future Factories Program, which aims to develop the industrial sector in the Kingdom by converting 4,000 factories to adopt modern manufacturing practices, automation and digitization.
Entrepreneur: Planning and organizing time gives an opportunity for growth and expansion
12/09/2024
Entrepreneur: Planning and organizing time gives an opportunity for growth and expansion
Entrepreneur Abdullah bin Mohammed Al-Raqeeb reviewed the most important details and information related to the growth and expansion of entrepreneurial projects, the operational differences between online stores and branches, and the experiences he had towards them, during the Entrepreneurs Dialogue meeting organized by the Eastern Chamber represented by the Young Businessmen Council entitled "Growth and Expansion of Entrepreneurial Projects" on Wednesday evening, September 11, 2024, at the Chamber's headquarters.
The founding partner and general manager of Ewa Optical Company, Abdullah Al-Raqeeb, stressed during the meeting, which was moderated by Council member Afnan bint Mohammed Al-Gharib and witnessed a remarkable presence of male and female entrepreneurs and interested parties, the importance of working hard to develop the project idea through growth and expansion with creative development ideas that are different from competitors after benefiting from previous experiences and the options available to the entrepreneur.
Al-Raqeeb pointed out the importance of the entrepreneur dealing with specialized consultants to help develop the project, continue continuous learning, and search for aspects of support and facilities provided by government agencies and grants, in addition to the fact that proper planning and time management enable him to succeed in his project.
He explained Al-Raqeeb pointed out that the family's support for the ideas and work of the entrepreneur and its impact on the implementation of his projects and their success, pointing out the necessity for the entrepreneur to be persistent and innovative and not to follow competitors to the point of obsession, so he imitates the products they offer, so he must compete with himself and be creative in his project, and he is helped in this by the team and partner who believe in his ideas and support him until the investment succeeds. For his part, the Chairman of the Young Businessmen Council, Abdulrahman Al-Afaleq, said that the Pioneers Dialogue meeting is one of the effective programs of the council through which we are keen to host experienced young businessmen so that male and female entrepreneurs who are thinking of entering the world of business or who have taken the first steps in their project can benefit from the field experience presented by guests who work in different sectors, as the council seeks to develop the small and medium enterprises sector and raise the level of their performance and overcome the challenges they face.
Asharqia Chamber reviews successful investment opportunities in the fashion sector
12/09/2024
Asharqia Chamber reviews successful investment opportunities in the fashion sector
Asharqia Chamber, represented by the Women's Empowerment Center, organized a lecture on Monday, September 9, 2024, on investing in the fashion sector at the Chamber's branch in Qatif Governorate, presented by Zahraa Al-Hussein, Managing Director and Founder of Zahraa Al-Hussein Fashion Projects Management Foundation, in the presence of a number of interested parties and entrepreneurs.
During the lecture, Al-Hussein discussed the market study and trends related to investing in the fashion sector, methods of building a network of relationships and their impact on the success of the investment, and the mechanism for developing a brand for products related to fashion.
Al-Hussein stressed that the network of relationships works on positive recommendations for projects, learning, opening new investment opportunities, and supporting and empowering individuals and organizations to continue their presence in the labor market, in addition to the fact that 65% - 80% of employers rely on the skill of relationships in employing successful competencies in their projects through nominations from trustworthy people according to studies and surveys.
The trainer Zahraa explained that the brand development plan depends on the goals and decisions open by the investor, the reputation and quality of the product offered, the desire and ability to develop, and the full belief in the importance of the process of preserving the brand of the investment opportunity, which contributes to its success and continuity. It is noteworthy that the program comes within the activities of the Asharqia Chamber to empower and support women's partnership in the business sector and the labor market, maximize the impact of contributing to supporting human capital, and maximize the impact of training and rehabilitation programs in the labor market, which contributes positively to Saudi Vision 2030.
The industrial valves market size in the Kingdom is estimated to be around $1.1 billion in 2023.
12/09/2024
The industrial valves market size in the Kingdom is estimated to be around $1.1 billion in 2023.
Asharqia Chamber, represented by the Investment and Studies Center, in cooperation with the Saudi-German Liaison Office at the Chamber, organized on Monday, September 9, 2024, the German-Saudi Symposium on Innovations in the Valve Industry, which was attended by a number of interested parties and business owners.
This was attended by the Chamber's Board of Directors Member Abdulrahman bin Muhammad Al-Bassam, the Vice President for Technical Affairs in charge of the National Water Company, Eng. Bandar Al-Harbi, the German Commissioner for Industry and Trade in Saudi Arabia, Bahrain and Yemen, Dr. Dalia Samra, and the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabil.
During the opening of the symposium, Al-Bassam stressed that the valve industry has become of great importance to the Kingdom's economy, which is considered one of the largest producers of oil and fresh water in the world. Given the increasing demand for high-quality valve solutions, the industrial valve market in the Kingdom is estimated at about $ 1.1 billion in 2023 and is expected to continue to grow at a steady rate, supported by increased investments in the oil, gas, petrochemicals, water treatment and power generation sectors.
Al-Bassam said that the Kingdom's Vision 2030 aims to significantly stimulate the development of infrastructure. Based on this, the Kingdom is implementing major projects in the water desalination and energy sectors, as valves are essential components for controlling the flow of liquids and gases, and the valve industry in the Kingdom is expected to grow by more than 5% annually, with about 9,000 kilometers of pipelines for water distribution and major investments in energy and petrochemical plants. For her part, Dr. Samra pointed to the growth of bilateral trade between the two countries, which amounted to more than 20% during the period from 2022 to 2024, noting the interest of leading German companies in the valve industry in opening regional offices in the Saudi market to keep pace with the economic growth and major infrastructure plans currently being implemented by the Kingdom. She also said that the symposium witnessed remarkable interaction from interested parties and business owners in the two countries, as participants reviewed innovations in the field of valves and valve factories that were recently opened in the Kingdom, the opportunities available in this field, and the development of strategic partnerships.
Tuesday's meeting at the Asharqia Chamber confirms the efforts of the Social Development Bank
04/09/2024
Tuesday's meeting at the Asharqia Chamber confirms the efforts of the Social Development Bank .
The monthly Tuesday meeting of businessmen at the Asharqia Chamber stressed the keenness of the business sector in the region to provide unlimited support to the community and its individuals, and the importance of partnership and integration with all sectors, and the efforts made by government agencies and civil society institutions to overcome the challenges facing the business sector. The meeting, which was held on Tuesday evening, September 3, 2024, at the Chamber's main headquarters, hosted the Regional Director of the Social Development Bank in the Eastern Region, Muhammad bin Sami Al-Mousa, in the presence of the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, and a number of members of the Board of Directors, businessmen and women, specialists and interested parties, where the role of the Social Development Bank was reviewed in working to make the bank a pioneer in empowering social development tools and enhancing the financial independence of individuals and families towards a vibrant and productive society. During the meeting, which was moderated by the Secretary-General of the Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabil, Al-Mousa pointed out the various easy financing products and programs provided by the bank to individuals, establishments and the non-profit sector to contribute to an effective and influential role in the process of construction and development and to drive the national economy. Al-Mousa touched on the fact that the bank provides financial and non-financial services and purposeful and effective savings programs supported by qualified human cadres to contribute to social development, build partnerships, spread financial awareness and enhance the culture of self-employment among all segments of society. Al-Mousa stated during the meeting that the bank has provided efforts to various segments of society through the Jada 30 program and the Dalni Business Center in addition to many programs, services and initiatives provided by the Social Development Bank to the targeted segments.
Asharqia Chamber reviews privatization and sports investment
04/09/2024
Asharqia Chamber reviews privatization and sports investment
Asharqia Chamber, represented by the Investment and Studies Center, in partnership with the Ministry of Sports, organized a meeting entitled "Investment and Privatization in Saudi Sports Clubs" at the Chamber's headquarters, in the presence of a number of businessmen, entrepreneurs, specialists and those interested in sports investment.
The meeting, which was attended by the member of the Board of Directors of the Asharqia Chamber, Hamad bin Hamoud Al-Hamad, and the Director General of the Ministry of Sports Branch in the Eastern Region, Tariq bin Muhammad Al-Qahtani, and presented by the Director General of Investment at the Ministry of Sports, Eng. Mansour Al-Muqbil, and the Director of the Privatization Department at the Ministry, Badr Al-Juraisy, reviewed the features of sports in the Kingdom of Saudi Arabia, and highlighted the sports dimension of football in particular from the investment aspects, and aspects of investment in the privatization of club ownership, and the steps and procedures for offering to investors, and responding to inquiries received in investment and privatization in sports clubs.
The meeting, which was held on Tuesday, August 27, 2024, comes within the Chamber's activities to open investment opportunities for the business sector in the Eastern Region, and enhance aspects of sports investment in cooperation with relevant authorities in order to achieve Saudi Vision 2030, which will contribute positively to the gross domestic product.
More than 10 thousand qualified establishments in the service of Jadir
26/08/2024
More than 10 thousand qualified establishments in the service of Jadir
Asharqia Chamber, represented by the Small and Medium Enterprises Center, in cooperation with the General Authority for Small and Medium Enterprises "Monsha'at", organized a workshop today, Monday, August 26, 2024, to introduce the "Jadeer Service for Qualifying Small and Medium Enterprises".
The Director of Capacity Building at the Authority, Muhammad Hab Al-Reeh, said that the Jadeer service aims to qualify and empower small and medium enterprises as a pre-qualification to prove their capabilities and qualifications to service partners from the public and private sectors, which contributes to facilitating their access to purchasing opportunities, in addition to increasing the percentage of local content by linking small and medium enterprises with service partners.
He pointed out that the service contributes to addressing the obstacles of unqualified enterprises, increasing reliability with service partners for qualified enterprises, and raising the efficiency of registered enterprises through qualification processes. It also enables partners to obtain a diverse base of activities and provide a base of qualified and sized enterprises in addition to a file containing all the facility information.
Regarding the advantages of the qualification certificate, he said that qualified establishments receive a 25 percent exemption on brokerage services for all financing products provided by partners, exemption from administrative fees when wishing to obtain financing solutions and reducing the establishment's experience period to 6 months when requesting financing. It is noteworthy that more than 10,000 establishments are qualified in the Jadir service, varying in the sectors of administrative services and support services (18 percent), wholesale and retail trade (17 percent), construction sector (15 percent), manufacturing industries (14 percent), professional, scientific and technical activities (11 percent), communications and information technology (8 percent), training and education sector (4 percent), and establishments in various sectors at a rate of (13 percent).
The Prince of the Eastern Province sponsors the 2024 Crafts and Handicrafts Exhibition
14/07/2024
Organized by the Asharqia Chamber next September
The Prince of the Eastern Province sponsors the 2024 Crafts and Handicrafts Exhibition
His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, is sponsoring the 2024 Crafts and Handicrafts Exhibition, which is launched by the Asharqia Chamber, represented by the Social Responsibility Center, during the period from September 17-21 at the Dhahran International Exhibitions.
For his part, Chairman of the Board of Directors of the Eastern Chamber, Badr bin Sulaiman Al-Ruzaiza, appreciated the generous sponsorship of His Highness the Emir of the Eastern Province for the exhibition, stressing that the sponsorship reflects His Highness’s continued support for the activities and programs of the Chamber, which enables it to continue working in supporting the business sector in the region, and the social programs that it provides to contribute to Community development.
Al-Raziza stressed that the crafts and handicrafts sector is considered a social and economic supporter, pointing to its important role as one of the most important pillars of Saudi Vision 2030 to work to advance and develop the sector and transform it into a more organized sector to be an added value to the national economy, and to contribute positively to the domestic product.
Al-Raziza explained that the exhibition, which is witnessing a new transformation in its new version in general, organizes the work of these crafts, whether for handicrafts or plastic artists, to develop their capabilities and provide them with the professional, administrative and creative skills necessary to raise the quality of their products by providing them with the opportunity to display their products within the exhibition’s various pavilions and according to channels. Organized marketing that guarantees participants sustainable income and motivates them towards entrepreneurship.
Al-Raziza pointed out that based on the development role of the Asharqia Chamber and to achieve its goals by maximizing the impact of the community contribution of the business sector, and maximizing the performance of entrepreneurship and small and emerging projects through owners of crafts and handicrafts and productive families, through awareness programs and workshops and providing specific initiatives to serve this development sector. The Crafts and Handicrafts Exhibition, in its seventh edition, comes as an initiative concerned with creative crafts and handicrafts supervised by civil society organizations in the Eastern Region, and within the Chamber’s plan that aims to continue its efforts aimed at making the owners of these crafts an effective figure within the economies of the Kingdom in general and the Eastern Region in particular. .
Asharqia Chamber and the Commercial Arbitration Center for the Gulf Cooperation Council countries sign an agreement to support the business sector
14/07/2024
Asharqia Chamber and the Commercial Arbitration Center for the Gulf Cooperation Council countries sign an agreement to support the business sector
Asharqia Chamber signed a cooperation agreement with the Commercial Arbitration Center for the Gulf Cooperation Council countries, to cooperate in the scientific and technical fields and exchange experiences in commercial arbitration in a way that contributes to the development of the business sector between the two parties.
The cooperation agreement was signed at the Chamber’s headquarters by Badr bin Sulaiman Al-Ruzaiza, Chairman of the Chamber’s Board of Directors, and Dr. Kamal bin Abdullah Al Hamad, Secretary-General of the Centre. The agreement aims to enhance aspects of joint cooperation and implement programs and events aimed at supporting the business sector in general.
The agreement reflects the keenness of the Chamber and the Center to implement initiatives that work to empower and enhance the role of the sector in serving the national and regional economy and work to develop it in line with the future visions of the sector, in addition to raising the level of awareness in the field of arbitration to contribute to overcoming the challenges that the business sector may face.
Al-Raziza confirmed that the agreement, which was signed on Thursday, July 11, 2024, comes within the Chamber’s efforts to support the business sector in the Eastern Region, as the Chamber works to organize workshops and training programs in which it hosts academics and specialists with the aim of reviewing ways and steps to develop the work mechanism in the sector and aspects of support that can enable it performing its developmental roles.
Reviewing the mechanism for classifying contractors and new engineering offices in the Asharqia Chamber
14/07/2024
Reviewing the mechanism for classifying contractors and new engineering offices in the Asharqia Chamber
On Thursday, July 11, 2024, at its headquarters, the Asharqia Chamber, in cooperation with the Ministry of Municipal and Rural Affairs and Housing, represented by the City Operators Regulatory Agency, organized a workshop entitled (Updates to the Mechanism for Classifying Contractors and Engineering Offices), which witnessed the presence of the business sector and specialists in the field of contractors and engineering offices.
The Director General of Contractors and Engineers Authority Affairs, Engineer Saleh bin Ahmed Al-Zahrani, the Director General of Classification, Engineer Walid bin Akhtar Sultan, and the Director General of Business Quality, Engineer Mishal bin Mardi Al-Anzi, participated in the workshop.
The workshop participants spoke during the meeting moderated by Hamad bin Hamoud Al-Hammad, a member of the Chamber’s Board of Directors, about introducing the classification system, the application mechanism on the Baladi platform, the technical and financial standards, and the services of the city service providers classification portal.
During the meeting, member of the Board of Directors, Hamad Al-Hammad, stressed the importance of joint and continuous efforts between the Chamber and government sectors in order to create greater awareness in the business sector, and raise awareness among establishments in the contracting and engineering consulting sector about the importance of obtaining a certificate of classification of city service providers to enter into competition and procurement system projects.
Strengthening competency building for small and medium enterprises in the Asharqia Chamber
10/06/2024
Strengthening competency building for small and medium enterprises in the Asharqia Chamber
Asharqia Chamber, represented by the Chamber's Entrepreneurship Incubator, organized a meeting on Sunday evening, June 9, 2024, entitled "Capacity Building in Small and Medium Enterprises," presented by the consultant and trainer in human resources, Salman bin Saleh Al-Suhail, which comes within the Chamber's activities to maximize the impact of training, qualification, and awareness programs in the labor market. For entrepreneurial projects, which contributes positively to achieving the goals of Saudi Vision 2030, and to enable projects to compete locally and globally by providing a high-quality entrepreneurial environment in the presence of several interested men and women entrepreneurs.
During the meeting, Advisor Al-Suhail discussed an introduction to capacity building, the method of understanding the facility using SWOT analysis, the mechanism of building the capabilities or competencies of individuals within the facility, and building the capabilities of jobs and the facility, in addition to reviewing models and examples of capacity building methods.
The human resources consultant and trainer emphasized to the attendees that one of the most important elements of motivating and empowering employees in an establishment that wants to build the capabilities of its employees and develop them is maintaining fair treatment, allocating time to spend time with them, i.e. the "open door policy," focusing on their strengths and merits, and creating an environment Sound work, delegating and challenging work effectively, and approving compensation and material and moral benefits appropriate to the volume of business within the facility.
Al-Suhail noted the importance of understanding the current situation of the facility well before planning for capacity building and using the elements of strength to deal with the three main elements of capacity building (individuals, jobs, and the facility), and working to strengthen and enhance the capabilities of individuals and the requirements of jobs and the facility to achieve good capacity building in small and medium enterprises.
Asharqia Chamber reviews the labor rights in Khafji
09/06/2024
Asharqia Chamber reviews the labor rights in Khafji
Asharqia Chamber, represented by the Women's Empowerment Center, on Tuesday, June 4, 2024, in its branch in Al-Khafji Governorate, organized a workshop within the Human Resources Empowerment Program under the title "Work Rights", presented by lawyer Noir Al-Subaie, in the presence of a number of interested people and job seekers in the governorate.
During the workshop, Al-Subaie addressed the definition of labor rights, employer rights, worker rights, and the contractual relationship between the two parties, noting the importance of writing the contract because it preserves the rights and obligations and documents them for both contracting parties, preventing any dispute - God forbid - between them, and controlling the relationship between the two parties.
Al-Subaie referred to the process of documenting any agreement that occurs that guarantees the worker and the employer the preservation of his rights and the clarification of the rights and duties owed to him and the other party, which enables the employment process in a professional and legally sound manner and to avoid risks.
The program is part of activities aimed at empowering and supporting women's partnership in the business sector and the labor market, maximizing the impact of contributing to supporting human capital, and maximizing the impact of training and qualification programs in the labor market, which contributes positively to Saudi Vision 2030.
Success through building personal identity for Asharqia Chamber businesswomen
09/06/2024
Over two days... with the participation of 30 trainees
Success through building personal identity for Asharqia Chamber businesswomen
As part of its efforts to enhance the impact of empowering and supporting women's partnership in the business sector, the Asharqia Chamber of Commerce, represented by the Women's Empowerment Center, organized a workshop titled "Success Through Building Personal Identity" on Tuesday and Wednesday, May 28-29, 2024, at the Chamber's main headquarters. This workshop was part of the Leadership Initiative, which aims to attract a group of women for guidance and mentoring in the workplace, follow-up on tasks, and continuous development.
The workshop, presented by Susan Riyad, a specialist in human resource development and personal identity building, included 30 trainees from leadership and business owners. Susan Riyad focused on defining and developing personal identity, how to build it, the journey of self-discovery, and identifying one's passion to achieve success, as well as the impact of personal identity on professional success.
Susan emphasized the importance of linking personal identity with the brand for business owners, connecting personal identity with corporate identity, and the correct management of personal identity through social media platforms.
It is noted that this program is part of the Chamber's objectives to maximize the contribution to supporting human capital, enhance the impact of training and qualification programs in the labor market, improve the performance of entrepreneurship and small and emerging projects, and contribute positively to the achievement of Saudi Vision 2030. The Women's Empowerment Center at the Asharqia Chamber of Commerce seeks to empower businesswomen as partners in economic development in the Eastern Province, support and develop the economic role of businesswomen in the region and overcome the challenges and difficulties women face in their role as active partners in economic development through empowerment, business development, guidance, and awareness.
Entrepreneurs are presenting investment opportunities valued at approximately 50 million riyals.
09/06/2024
Asharqia Chamber concludes the Electronic Applications Exhibition 2024
Entrepreneurs are presenting investment opportunities valued at approximately 50 million riyals.
Asharqia Chamber of Commerce, represented by the Small and Medium Enterprises Center, concluded the second edition of the Electronic Applications Exhibition 2024 on the evening of Tuesday, June 4. The event, held over two days, was under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, at the Chamber's main headquarters.
As part of the exhibition's final day activities, the Asharqia Chamber of Commerce's Business Incubator held the "Investors Meeting 2024" on Tuesday. This meeting aimed to bring together entrepreneurs with investors from the Eastern Province business sector to create successful partnerships and investments, as well as to share experiences and expertise. During the meeting, 10 investment opportunities were presented to the investors, with a total value approaching 50 million riyals.
Badr bin Suleiman Al-Razeza, The Chairman of the Asharqia Chamber of Commerce, stated that the committee responsible for selecting the projects gathered numerous ideas and chose ten opportunities after several stages to ensure their effectiveness. He pointed out that the investment opportunities varied across many developmental, service, and sports fields and were presented by applications such as Kasb, Candles Educational, Lazy Wait, Raya Jewelry, Nexta, Artizana Market, Asala Al-Shorouq Factory, Ta'meen Tech, Zedna for Electronic Billing Solutions, and Hevex DSS for Manufacturing Electrical Testing and Measurement Devices.
Al-Razeza highlighted the business sector's trend towards seeking and investing in electronic applications that contribute to wider and faster service delivery through the availability of modern technologies, which helps business owners achieve their goals of developing, expanding, and growing their businesses.
The second edition of the exhibition saw wide participation from institutions and companies wishing to develop and expand their digital businesses, achieve growth and expansion through e-commerce, and from designers, programmers, and those interested in applications and e-commerce, as well as entrepreneurs. Additionally, entities enabling and supporting entrepreneurship also participated.
It is worth mentioning that the Electronic Applications Exhibition 2024 aligns with the objectives of the Asharqia Chamber of Commerce, represented by the Small and Medium Enterprises Center, which aims to transform small and medium enterprises into large enterprises through systematic programs and activities, encourage investment through training programs, forums, and specialized exhibitions, and foster the entrepreneurial spirit among Saudi youth.
The Chairman of Asharqia Chamber opens the Electronic Applications Exhibition 2024
04/06/2024
The Chairman of Asharqia Chamber opens the Electronic Applications Exhibition 2024
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province, The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, opened Monday, June 3, 2024, the Electronic Applications Exhibition 2024, which is organized by the Asharqia Chamber, represented by the Small Enterprises Center at its headquarters.
The exhibition, which concluded on Tuesday, June 4, 2024, aims to enable the business sector to access various investment opportunities in the technical field, and to achieve and build successful partnerships through participants, those interested in the exhibition, and male investors and entrepreneurs.
The Chairman of the Board of Directors of the Ashariqa Chamber, Badr bin Sulaiman Al-Ruzaiza, appreciated the generous patronage of His Highness the Prince of the Eastern Province, stressing that it confirms the continued support of His Highness for the activities and programs of the Chamber, which enables it to continue working in supporting the business sector in the region.
The Chairman of the Asharqia Chamber pointed out that the success of the first edition of the exhibition organized by the Chamber in 2018 was an incentive to continue organizing the exhibition in its second edition, hoping to achieve success for this edition due to the ideas and initiatives it contains that are in line with Saudi Vision 2030 and contribute to raising the performance of the local market providing new things in the electronic field.
Al-Raziza stressed that the exhibition comes at a time when the world is witnessing a major technical transformation, to the point that electronic applications have become important and have an impact on human life, pointing to the competition in technical transformation in the Kingdom in light of the support of the wise leadership in this field, which has opened the door to investment opportunities for young people. So that they can be creative in providing solutions to many challenges.
Al-Raziza stated that the Electronic Applications Exhibition 2024, in its second edition, provides supportive spaces and a stimulating environment for entrepreneurs in the field of electronic applications, by presenting investment opportunities for male and female entrepreneurs and programmers to investors, which results in business expansion and spread through electronic applications.
The exhibition witnessed the participation of many entities enabling small and medium enterprises by presenting their empowerment programs for enterprise owners, as the General Authority for Small and Medium Enterprises "Monshaat" highlighted its various services to visitors to the exhibition, which aims to make the small and medium enterprises sector a basic pillar for the development of the economy in the Kingdom of Saudi Arabia. Saudi Arabia and enabling it to achieve Vision 2030 by supporting the growth and competitiveness of small and medium enterprises, by building a stimulating environment and an entrepreneurial community, by leading cooperation with our strategic partners in the public, private and non-profit sectors locally and internationally.
The Social Development Bank also reviewed the Avenue 30 program, which aims to create diverse business spaces and areas for the bank's clients and a supportive environment for the entrepreneurship community in the regions, with the aim of creating opportunities for new projects and increasing the chances of sustainability of the funded projects within a vibrant community in line with Vision 2030.
The Small and Medium Enterprises Bank presented the "Finance You in Two Days" initiative, which showcases the innovative financing solutions, support and services provided by the bank to male and female entrepreneurs and those interested. The Saudi Business Center also provided its services to those wishing to do business, in addition to the most prominent capabilities provided to small and medium enterprises.
On its first day, the exhibition witnessed a remarkable presence entitled "How to Build a Billionaire Start-up Company" with the participation of owners of electronic applications and male and female entrepreneurs interested in developing their businesses, presented by the co-founder and CEO of Vision Ventures, Eng. Qais bin Abdul Hamid Al-Issa, where he highlighted the basics for building medium-sized companies. And small to reach an investment volume of two billion, in addition to the importance of managing and developing the project to achieve an investment return that contributes to the economic domestic product.
During the meeting, Eng. Qais pointed out the secrets of the success of technology companies and their transformation into large companies that achieve a billion-dollar investment return. Al-Issa reviewed the successful experiences in his practical career while investing in 50 startup companies and highlighted the most prominent challenges he faced as an investor in them, and the appropriate solutions to get rid of these challenges and turn them into investment opportunities attractive to investors.
The exhibition witnessed the participation of many owners of electronic applications, programmers, and those interested in them, which reflected many service activities and technical solutions to the needs of individuals and business owners.
The Asharqia Chamber Entrepreneurship Incubator held the "Investors Meeting 2024" on Tuesday, through which it aims to bring together male and female entrepreneurs with investors from the business sector in the Eastern Region to create partnerships and successful investments and present experiences and expertise among them. The meeting witnessed the presentation of 10 investment opportunities to investors, which went through several stages. And qualifiers by the Asharqia Chamber Entrepreneurship Incubator, and the investment opportunities varied in many development, service, and sports fields. The investment opportunities included: Kassab, Educational Candles, Lazy Weight, Raya Jewelry, Nexta, Artizana Market, Asala Al-Shorouk Factory, Insurance Tech, and Zedna Solutions. Electronic billing, and HIFEX DSS for manufacturing electrical testing and measuring devices.
10 investment opportunities presented at the “Electronic Applications Exhibition 2024”
03/06/2024
10 investment opportunities presented at the “Electronic Applications Exhibition 2024”
The Electronic Applications Exhibition 2024, organized by the Asharqia Chamber, represented by the Small and Medium Enterprises Center, begins this afternoon, Monday, June 3, 2024, under the patronage of His Highness the Governor of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and continues until tomorrow, Tuesday, June 4, 2024, at the Chamber's main headquarters.
The exhibition, which starts at 4 pm until 9 pm, aims to enable the business sector to access various investment opportunities in the technical field, and to achieve and build successful partnerships through participants, those interested in the exhibition, and male investors and entrepreneurs.
The exhibition is an attractive and unique platform for interested people, specialists and entrepreneurs to meet with the aim of concluding successful partnerships by presenting investment opportunities to male and female entrepreneurs and programmers by investors in the technical field, in order to expand business through electronic applications that contribute to the national economic development for the benefit. On the local economy and gross domestic product.
The exhibition also witnesses the participation of many financing agencies and enablers of small and medium enterprises by presenting their innovative financing programs for entrepreneurs who own electronic applications. On its first day, the exhibition includes a meeting aimed at highlighting the first steps to establishing medium and small companies until they reach a large investment size. How to manage and develop the project to achieve an investment return that contributes to the economic domestic product. The meeting will be presented by Engineer Qais bin Abdul Hamid Al-Issa, co-founder and CEO of Vision Ventures.
The second day of the exhibition includes a meeting that reviews 10 investment opportunities for investors interested in the field of electronic applications and electronic commerce. On the other hand, the meeting also aims to exchange experiences and knowledge in this field, which comes to enable male and female entrepreneurs who own electronic applications, programmers, and those interested in accessing small and medium enterprises to... Leadership and transforming it into large enterprises.
Tomorrow, the Asharqia Chamber launches the Electronic Applications Exhibition 2024
02/06/2024
Tomorrow, the Asharqia Chamber launches the Electronic Applications Exhibition 2024
Asharqia Chamber, represented by the "SME" Centre, launches on Monday, June 3, 2024, which will be held at the Electronic Applications Exhibition 2024, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province.
The exhibition, which is held at the Chamber's main headquarters, continues for two days from four in the afternoon until nine in the evening with the participation of several specialists and those interested in the field of electronic applications and programmers. The exhibition also witnesses a meeting on "How to Build a Start-up Billionaire Company" with Eng.Qais bin Abdul Hamid Al-Issa, co-founder and CEO of the company. Vision Ventures, and another meeting that brings together investors with male and female entrepreneurs incubated by the Asharqia Chamber Entrepreneurship Incubator to present investment opportunities.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Razaiza, appreciated the patronage of His Highness the Prince of the Eastern Province for the exhibition, stressing His Highness's interest in all the initiatives and programs provided by the Chamber that support the projects of male and female entrepreneurs, which thus adds value to the national economy.
Al-Raziza explained that the exhibition aims to enable entrepreneurs to access various investment opportunities in the technical field, achieve and build successful partnerships through participants and those interested in the exhibition and business investors, and provide supportive spaces and a stimulating environment for them, to result in business expansion and spread through electronic applications.
Asharqia Chamber organizes a workshop showcasing distinctive accommodation products
26/05/2024
Asharqia Chamber organizes a workshop showcasing distinctive accommodation products .
The Asharqia Chamber, in cooperation with the Distinguished Residency Center, organized a workshop on Sunday, May 26, 2024, at the Chamber's headquarters, which reviewed the distinguished residency products for non-Saudis in the Kingdom within the framework of national goals to enhance the Kingdom's position to be a global center that embraces the best minds, talents, and investments, and to empower the national economy through job creation and knowledge transfer. .
The seven products revolve around health and scientific competencies, research competencies, investors, and entrepreneurs, and vary according to the standards and conditions for each product, as they include: exceptional competency residency, talent residency, business investor residency, entrepreneur residency, property owner residency, and fixed-term residency. And an indefinite stay.
The center explained that the general benefits for holders of premium residency grant the holder privileged residency for his family members, movement to and from the Kingdom without a visa, ease of moving between establishments without fees, exemption from financial fees for expatriates and their companions, hosting and inviting relatives, conducting business, and owning real estate.
It is noteworthy that the Distinctive Residence Center was established in January 2019 and aims to attract and support distinguished categories of talent and investors to participate in the development process that Saudi Arabia is working on, by facilitating their residence and providing them with flexible patterns of living and working on its land. Since its establishment, the Center has worked to develop... Its systems provide various facilities to the target groups through a system of benefits and electronic services. Premium Residency also provides residents with a wide range of benefits and various opportunities.
Al-Raziza: Electronic Applications Exhibition 2024 contributes to enhancing digital commerce
26/05/2024
It will be held by the Asharqia Chamber on the 3rd and 4th of next June .
Al-Raziza: Electronic Applications Exhibition 2024 contributes to enhancing digital commerce .
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, invited the owners of institutions and companies wishing to develop and expand their digital businesses, and achieve the spread and expansion of electronic commerce, and designers, programmers, and those interested in the field of electronic applications to participate in the Electronic Applications Exhibition 2024 in its second edition, which is held under the patronage of His Royal Highness. Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, on the 3rd and 4th of next June at the Chamber's main headquarters.
Al-Raziza pointed out that the exhibition mainly targets male and female entrepreneurs, owners and programmers of electronic applications, and everyone interested in electronic commerce, as the chamber seeks to attract more than 45 distinctive electronic applications.
He noted that the success of the first edition of the exhibition was an incentive to continue organizing the exhibition in its second edition, looking forward to achieving success for this exhibition due to the ideas and initiatives it contains that are in line with Saudi Vision 2030, and contribute to raising the performance of the local market and introducing new things in the electronic field.
It is noteworthy that participation in the exhibition is conditional on the applicant being a Saudi or Gulf national, holding a high school diploma as a minimum, and that the application must have a clear name, work in both Arabic and English, and be effective and work on all known electronic systems, namely: "Android-Apple store." "website" also provides in-app payment options, while providing customer service through instant chat and call center.
Asharqia Chamber achieves 99.8 percent in the criteria for evaluating the performance of Saudi Chambers of Commerce
21/05/2024
Asharqia Chamber achieves 99.8 percent in the criteria for evaluating the performance of Saudi Chambers of Commerce
The Asharqia Chamber recently achieved a score of 99.8 percent in the chamber standards issued by the Federation of Saudi Chambers according to the standards approved by the Ministry of Commerce 2023.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, congratulated His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, for His Highness's great support for the Chamber's programs, which prepared it to achieve this achievement.
He also congratulated His Royal Highness Prince Saud bin Bandar bin Abdulaziz on his Highness's interest in the Chamber's excellence, which made it continue its role in serving the business sector in the region. Al-Ruzaiza extended his thanks to His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi, for his efforts and his usual and continuous interest in improving the mechanism of Working for the chambers of commerce in the Kingdom.
Al-Raziza said that in line with the rapid development in economic activity that keeps pace with the Kingdom's Vision 2030, the Asharqia Chamber sought to continue the continuous development of its performance in a way that aims to maximize the national economy, increase the rate of private sector participation and growth, and identify areas of improvement, indicating the importance of measuring the current approach and determining scopes of improvement. Through a comprehensive evaluation process according to the approved performance indicators, enabling it to perform its tasks in keeping pace with local and international economic developments and comprehensive national development programs and enhance its role in serving the business sector and social participation at the national level.
Al-Raziza explained that the evaluation aims to contribute to developing the chamber's performance through continuous improvement of its tasks and creating financial sustainability that contributes to improving the investment environment and the business sector to enhance its contribution to economic development programs, pointing out that the evaluation criteria included organizational services, governance of the work environment, performance, strategic direction, and financial sustainability. Awareness and guidance.
The Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel, stated that the Asharqia Chamber relies in its internal work on continuous self-evaluation of its performance, which helps it continue to develop its work. The evaluation includes the effectiveness of the services and programs provided by the Chamber to assist its subscribers in their work, such as consultations, training, and economic information, and its ability to express their interests to relevant authorities, and the extent of the Chamber's effectiveness in concluding partnerships with economic, legal and relevant authorities with the aim of improving the commercial and economic environment, and the Chamber's ability to develop its services and programs to keep pace with changes in the business environment, in addition to assessing the level of transparency and satisfaction. Subscribers about their performance and seek their opinions and suggestions for improving performance.
Asharqia Chamber holds an "entrepreneurs' meeting" for students of Imam Abdul Rahman bin Faisal University
20/05/2024
Asharqia Chamber holds an "entrepreneurs' meeting" for students of Imam Abdul Rahman bin Faisal University
As part of its efforts to maximize the impact of entrepreneurship and small and emerging projects, the Asharqia Chamber of Commerce, represented by the Women's Empowerment Center and the Center for Small and Medium Enterprises, organized the "Entrepreneurs" meeting for medical students at Imam Abdulrahman bin Faisal University on Thursday, May 16, 2024, at the college's theater. The event aimed to introduce the role and services of the Asharqia Chamber directed towards entrepreneurs, in addition to preparing students to enter the job market through self-employment or through support programs and incubators for micro, small, and medium entrepreneurial projects.
The meeting also included the participation of Faisal Al-Jassim, Senior Specialist from the Saudi Commission for Health Specialties, to introduce the main regulations and licenses of the Commission, and the requirements related to professional classification and registration. Dr. Omar Al-Dossari, founder and general manager of Seha Al Riaaya and Seha Al Mutahida medical complexes, shared his professional experience and the role of successful entrepreneurial projects after graduation, highlighting their impact on individuals.
The attendees were also informed about the role of the Women's Empowerment Center, which aims to empower businesswomen as partners in economic development in the Eastern Province. The center supports, develops, and activates the economic role of businesswomen in the region, overcoming the challenges and difficulties they face in their role as active partners in economic development through empowerment, business development, guidance, and awareness.
Additionally, the Small and Medium Enterprises Center's role was highlighted, emphasizing its leadership in supporting the sectors of entrepreneurs and small and medium enterprises, enhancing their roles in the Kingdom, providing distinguished and high-quality services, and improving the competitiveness of small and medium enterprises.
The role of the Asharqia Chamber of Commerce's Business Incubator was also discussed. The incubator provides a high-quality entrepreneurial environment to enable projects to compete locally and globally by supporting and guiding entrepreneurs, adopting creative ideas, educating, and raising awareness, and helping them achieve success and creativity in their emerging projects.
Asharqia Chamber holds an “entrepreneurs’ meeting” for students of Imam Abdul Rahman bin Faisal University
20/05/2024
Asharqia Chamber holds an "entrepreneurs' meeting" for students of Imam Abdul Rahman bin Faisal University
As part of its efforts to maximize the impact of entrepreneurship and small and emerging projects, the Asharqia Chamber of Commerce, represented by the Women's Empowerment Center and the Center for Small and Medium Enterprises, organized the "Entrepreneurs" meeting for medical students at Imam Abdulrahman bin Faisal University on Thursday, May 16, 2024, at the college's theater. The event aimed to introduce the role and services of the Asharqia Chamber directed towards entrepreneurs, in addition to preparing students to enter the job market through self-employment or through support programs and incubators for micro, small, and medium entrepreneurial projects.
The meeting also included the participation of Faisal Al-Jassim, Senior Specialist from the Saudi Commission for Health Specialties, to introduce the main regulations and licenses of the Commission, and the requirements related to professional classification and registration. Dr. Omar Al-Dossari, founder and general manager of Seha Al Riaaya and Seha Al Mutahida medical complexes, shared his professional experience and the role of successful entrepreneurial projects after graduation, highlighting their impact on individuals.
The attendees were also informed about the role of the Women's Empowerment Center, which aims to empower businesswomen as partners in economic development in the Eastern Province. The center supports, develops, and activates the economic role of businesswomen in the region, overcoming the challenges and difficulties they face in their role as active partners in economic development through empowerment, business development, guidance, and awareness.
Additionally, the Small and Medium Enterprises Center's role was highlighted, emphasizing its leadership in supporting the sectors of entrepreneurs and small and medium enterprises, enhancing their roles in the Kingdom, providing distinguished and high-quality services, and improving the competitiveness of small and medium enterprises.
The role of the Asharqia Chamber of Commerce's Business Incubator was also discussed. The incubator provides a high-quality entrepreneurial environment to enable projects to compete locally and globally by supporting and guiding entrepreneurs, adopting creative ideas, educating, and raising awareness, and helping them achieve success and creativity in their emerging projects.
Al-Raziza: The electronic applications exhibition constitutes a nucleus for building an investment future for application owners
20/05/2024
Al-Raziza: The electronic applications exhibition constitutes a nucleus for building an investment future for application owners
Badr bin Suleiman Al-Raziza, The Chairman of the Asharqia Chamber of Commerce, stated that the 2024 Electronic Applications Exhibition, organized by the Chamber's Center for Small and Medium Enterprises and under the auspices of Prince Saud bin Nayef bin Abdulaziz, will be held at its headquarters on Monday and Tuesday, June 3 and 4, 2024. The exhibition aims to lay the foundation for building an investment future for app owners by bringing together investors, enthusiasts, and entrepreneurs under one roof to exchange experiences and expertise. This is particularly significant in light of the national transformation that emphasizes support for electronic applications and technological transformation through initiatives and programs included in Saudi Vision 2030.
Al-Raziza highlighted the unprecedented attention from the wise leadership in this regard, noting that the exhibition aims to empower entrepreneurs by creating partnerships and supportive spaces in the field of electronic applications to positively contribute to the national economy. He also pointed out the business sector's trend towards seeking investment opportunities in electronic applications, which help deliver services more widely and quickly, leveraging modern technologies to achieve business owners' goals of developing, expanding, and growing their businesses.
Al-Raziza invited app owners, enthusiasts, programmers, entrepreneurs, and investors who wish to develop their businesses and applications and exchange experiences to participate in the exhibition from 4 PM to 9 PM.
On the sidelines of the exhibition, three meetings will be organized: the first, titled "How to Build a Billion-Dollar Startup," featuring Engineer Qais bin Abdulhamid Al-Issa, Co-founder and CEO of Vision Ventures; the second, titled "Challenges and Competition in Electronic Applications," featuring the founder of the applications "Kayan," "Wasleeni," and "Himam," Badr Al-Arjani, and moderated by Ibrahim Al-Qahtani, founder and creative director of Swing Company; and the third meeting will bring together investors with entrepreneurs incubated by the Asharqia Chamber of Commerce's Business Incubator to present investment opportunities.
The legal relationship between the employee and the employer at the Asharqia Chamber Business Incubator
16/05/2024
" The legal relationship between the employee and the employer" at the Asharqia Chamber Business Incubator
On Tuesday, May 14, 2024, the Asharqia Chamber, represented by the Asharqia Chamber Entrepreneurship Incubator, organized a meeting entitled "The Legal Relationship between the Employee and the Employer," presented by lawyer Omar bin Ibrahim Al-Amoudi and lawyer Khaled bin Ahmed Balhaddad, in the presence of a number of interested people and entrepreneurs.
During the meeting, lawyer Omar Al-Amoudi discussed the provisions of fixed-term contracts, the provisions of indefinite-term contracts, the provisions of the trial period and the hours of working days. Al-Amoudi stressed the importance of each party knowing his rights and duties, which contributes to facilitating work and limits the occurrence of disputes - God forbid -. And adjust the relationship between the two parties.
While lawyer Khaled Al-Haddad noted to the attendees the importance of the documentation process and knowledge of the work system with regard to the contractual and legal relationship between the employee and the employer, Al-Haddad pointed out the importance of legal awareness for both parties, which contributes to creating professional environments that stimulate business.
It is noteworthy that the meeting comes within the Chamber's activities to maximize the impact of training, qualification and awareness programs in the labor market for entrepreneurial projects, which contributes positively to achieving the goals of Saudi Vision 2030, represented by the Asharqia Chamber Entrepreneurship Incubator to enable projects to compete locally and globally by providing a high-quality entrepreneurial environment. Raising the efficiency of incubated and interested entrepreneurs, building their capabilities, developing small and medium-sized entrepreneurial projects, and enhancing their chances of success, to enable business owners to develop and sustain their projects and achieve their goals.
Asharqia Chamber organizes a workshop on “Professionalism in the Work Environment” in Jubail
16/05/2024
Asharqia Chamber organizes a workshop on "Professionalism in the Work Environment" in Jubail
Within the program for empowering human resources and competencies, the Asharqia Chamber, represented by the Women's Empowerment Center, organized on Monday, May 13, 2024, in its branch in Jubail Governorate, a workshop entitled "Professionalism in the Work Environment," presented by trainer Suhair bint Ahmed Al-Ghamdi, in the presence of a number of female job seekers and those interested in career development in the governorate.
In the workshop, Al-Ghamdi pointed out the importance of professional interaction in the workplace, which is one of the most important factors that contribute to building a healthy and positive work environment, which contributes to enhancing employees' competencies and raising and increasing their productivity.
During the workshop, trainer Suhair Al-Ghamdi shed light on interactions and communication in the work environment, time management and work tasks, how to deal with problems, and managing meetings in an interactive manner.
Al-Ghamdi noted that professionalism in dealings and communication in the work environment depends primarily on the speed of response by the employee, mutual respect between employees, vigilance and initiative, and a continuous positive spirit.
It is noteworthy that the program comes within the activities of the Asharqia Chamber to empower and support women's partnership in the business sector and the labor market, and to maximize the impact of the contribution to supporting human capital, and to maximize the impact of training and qualification programs in the labor market, which contributes positively to the Saudi Vision 2030, through the human capacity development program. Which aims to enhance values, develop basic skills and future skills, and develop knowledge in various fields.
Two meetings review the establishment of projects and their challenges within the Electronic Applications Exhibition 2024
14/05/2024
Two meetings review the establishment of projects and their challenges within the Electronic Applications Exhibition 2024
On the sidelines of the Electronic Applications Exhibition 2024, which is being held under the generous patronage of the Governor of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, the Asharqia Chamber, represented by the Small and Medium Enterprises Centre, will organize on the 3-4th of next June two open meetings for entrepreneurs and those interested in projects. Medium and micro.
The first meeting, which will be held at 7 pm on Monday, June 3, 2024, entitled: "How to Build a Billionaire Start-up Company," highlights the foundations for building medium and small companies to reach an investment volume of two billion. It also addresses how to manage the project to achieve an investment return that contributes to the economic domestic product. The meeting will be presented by Engineer Qais bin Abdul Hamid Al-Issa, co-founder and CEO of Vision Ventures.
While the second meeting, which will be held at 8:30 pm on Monday, June 3, 2024, is entitled "Challenges and Competition in Electronic Applications" and highlights several topics, most notably how to be a strong competitor in the market, what are the sources of competitive advantage, how to stand out over competitors, and confront challenges. Which confronts entrepreneurs and those interested in the field of electronic applications, and is presented by Badr Al-Arjani, founder of Kayan, Wasalini, and Hem applications, and is managed by the founder and creative director of Swing Company, Ibrahim Al-Qahtani.
Regarding this, the Chairman of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, explained that the two meetings are part of the activities of the exhibition, which aims to create a stimulating environment for entrepreneurs in the field of electronic applications, indicating that it goes within the context of maximizing the performance of entrepreneurship and small and emerging projects in the Eastern Region.
The two meetings aim to transfer successful experiences to male and female entrepreneurs, including the challenges and successes they contain, so that they can extract lessons learned and draw a road map that will lead them to success.
The Electronic Applications Exhibition 2024 comes within the objectives of the Asharqia Chamber, represented by the Small and Medium Enterprises Centre, through transforming small and medium enterprises into large enterprises through systematic programs and activities and encouraging investment through training programs, forums and exhibitions specialized in this field, in addition to developing the entrepreneurial spirit of self-employment among Saudi youth. In addition to the corners participating in the exhibition.
Asharqia Chamber organizes a workshop on professionalism in the work environment in Qatif
12/05/2024
Asharqia Chamber organizes a workshop on professionalism in the work environment in Qatif
On Wednesday, May 8, 2024, the Asharqia Chamber, represented by the Women Empowerment Center at its branch in Al-Qatif Governorate, organized a workshop titled "Professionalism in the Workplace" as part of the Human Resources Empowerment Program. The workshop was presented by trainer Soheir bint Ahmed Al-Ghamdi, with the attendance of job seekers and those interested in career development in the governorate.
During the workshop, trainer Soheir Al-Ghamdi shed light on interactions and communication in the workplace, time management, task management, problem-solving skills, and conducting meetings interactively.
Al-Ghamdi emphasized that studies have confirmed that appropriate appearance in the workplace is key to professional and career advancement. It is one of the first indicators that give a positive impression of an employee's personality and reflects the image of the organization they work for.
She also noted that professionalism in interactions and communication in the workplace primarily depends on the speed of response by the employee, mutual respect among employees, vigilance, initiative, and continuous positive attitude.
It's worth mentioning that the Human Resources Empowerment Program by the Women Empowerment Center aims to provide support and guidance to job seekers by offering a range of training workshops and professional guidance by human resources specialists. These workshops cover topics such as passing job interviews, showcasing skills, marketing resumes, and maintaining professionalism in the workplace.
Asharqia Chamber organizes a workshop on “Wage Protection towards Effective Compliance”
09/05/2024
Asharqia Chamber organizes a workshop on "Wage Protection towards Effective Compliance"
On Wednesday, May 8, 2024, the Asharqia Chamber organized a workshop titled "Wage Protection Towards Effective Compliance" with the presence of the Director-General of the Ministry of Human Resources and Social Development branch in the Eastern Region, Mohammed bin Saud Al-Samari, and the Senior Advisor to the Director-General of Regulatory Relations at the Ministry, Engineer Fahad bin Mohammed Al-Qahtani.
The workshop, moderated by Chamber board member Hamad bin Hamoud Al-Hammad, discussed the importance of the Wage Protection Program launched by the Ministry targeting all private sector establishments. Its aim is to monitor and enhance their commitment to submitting employees' wage files.
The program aims to ensure timely payment of wages and rights documentation through transparent wage payment procedures, reducing labor disputes to create a healthy work environment that encourages productivity and competitiveness in the labor market. It aims to provide a level of social prosperity by making employee entitlements one of the employer's top priorities to ensure a stable and dignified life for them.
Additionally, it aims to regulate the wages of expatriate workers, linking them to their employment contracts to reduce concealment and fraudulent activities, contribute to increasing the productivity of private sector employees, provide opportunities for establishing economic entities and numerous jobs for citizens, enhance transparency, improve facility monitoring by paying workers' wages, registering accurate wages, and reflecting them on beneficiaries' returns. It also helps in detecting fraudulent registrations and sustaining the financial fund.
The workshop highlighted several advantages for program users, including instant calculation of wage ranges and commitment certificates to ensure reliable wage payment and safeguarding the rights of workers and establishments. Moreover, it provides instant calculation of national workforce in the program and developer ranges for establishments located in the green zone committed to the Wage Protection Program, obtaining electronic commitment certificates, which are one of the requirements for contracting with government entities. Additionally, the Wage Protection Program ensures documenting wage payment in the private sector and maintaining the contractual relationship.
Compliance with the program offers many benefits to establishments, including a payroll management system, a comprehensive, secure, and reliable system, and fully automated solutions starting from displaying establishment and employee data by linking with the General Organization for Social Insurance to automatically transferring and uploading the wage protection file with simple and concise steps.
During the workshop, Muhammad bin Ali Al-Qattan, Director-General of Regulatory Operations, Engineer Isa bin Saleh Al-Daghash, Portfolio Director for the Wage Protection Program, Bandar bin Suleiman Al-Ghufais, and from the Mudad Platform, Nora bint Dakhil.
The Tuesday meeting emphasized the importance of enhancing a culture of communication and solidifying national unity values.
09/05/2024
The monthly Tuesday meeting hosted by the Asharqia Chamber of Commerce emphasized the importance of enhancing a culture of communication and solidifying national unity values.
The meeting, held on Tuesday evening, May 7, 2024, at the Chamber's headquarters, hosted Dr. Khalid bin Mohammed Al-Badiwi, the branch manager of the King Abdulaziz Center for Cultural Communication in the Eastern Region. Dr. Al-Badiwi reviewed the role of the King Abdulaziz Center for Cultural Communication in promoting solidarity values, addressing issues and challenges facing the local community, conducting studies and research relevant to societal issues, citizenship, and cultural coexistence, and promoting diversity, moderation, tolerance, and coexistence.
During the meeting, chaired by the Secretary-General of the Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabil, and attended by several businessmen, specialists, and interested parties, Al-Badiwi emphasized the importance of building effective partnerships with relevant entities to promote a culture of dialogue and strengthen national unity among various social segments in Saudi society. With the aspirations of Vision 2030, there is a greater emphasis on achieving a quality of life that ensures productivity and effectiveness for various segments of Saudi society. Al-Badiwi also emphasized the role of the business sector, especially in the Eastern Region, in positively contributing to serving the center's directions and aspirations and achieving active citizenship.
At the end of the meeting, Abdulrahman bin Abdullah Al-Wabil, Secretary-General of the Asharqia Chamber, honored the guest of the meeting, Dr. Khalid bin Mohammed Al-Badiwi, the branch manager of the King Abdulaziz Center for Cultural Communication in the Eastern Region, with a commemorative shield.
Opening a representative office of the Saudi Export-Import Bank in the Asharqia Chamber
08/05/2024
Opening a representative office of the Saudi Export-Import Bank in the Asharqia Chamber
The CEO of the Saudi Export-Import Bank, His Excellency Engineer Saad bin Abdulaziz Al-Khalab, in the presence of the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, opened today, Tuesday, May 7, 2024, the representative office of the Saudi Export-Import Bank at the Chamber’s main headquarters.
The office provides its services to the business sector in the Eastern Province in the fields of export and import, through the bank’s various products that include (import financing, supply chain financing, pre-export financing, international financing line, local financing line, international buyer financing, structured financing for international projects, And financing working capital), which supports local products and increases the shares of national products in foreign markets.
His Excellency Al-Khalab stated that the opening of the representative office in the Eastern Province came based on the bank’s expansion plans, its presence near local exporters in the regions of the Kingdom, and the facilitation of transactions and services that the bank provides to investors in the fields of export and import, in order to contribute to empowering the Saudi non-oil economy and developing Saudi non-oil exports. And enhance its competitiveness in global markets, by closing financing gaps and reducing export risks.
For his part, Al-Raziza explained that the opening of the representative office of the Export-Import Bank comes in light of the ongoing coordination and partnership between the public and private sectors, and enabling relations with local economic entities, by providing various products from the bank, to contribute to achieving the goals of the Kingdom’s Vision 2030 to strengthen, stimulate and encourage national industries. Consumers to buy local goods, develop and enhance the Kingdom’s exports to global markets, and support the business sector in the Eastern Region, which raises the level of empowerment of investors in the export and import sector.
The Saudi Export-Import Bank aims to enhance the development of Saudi non-oil exports and increase their competitiveness in global markets in various sectors, by providing credit solutions to finance exports, guarantees, and export credit insurance with competitive advantages, within the objectives and pillars of the Kingdom’s Vision 2030 concerned with increasing the proportion of non-oil exports. Oil to non-oil GDP.
Asharqia Chamber launches the training initiative in Khafji 2024
08/05/2024
Targeting more than 115 trainees
Asharqia Chamber launches the training initiative in Khafji 2024
Asharqia Chamber, represented by the Training Center in partnership with Masa Al Bayt Environment Contracting Company, is launching the "Khafji Training Initiative 2024" at the Chamber's branch in Khafji Governorate from May 12, 2024, to May 29, 2024.
The initiative comes from the Asharqia Chamber's belief in the importance of stimulating, developing, and training national cadres to keep pace with the national transformation through the Kingdom's Vision 2030. It aims to enhance positive contribution to its achievement through the Human Capability Development Program, which aims to enhance values, develop core skills, future skills, and knowledge in various fields, and achieve the Chamber's objectives by maximizing the impact of contributing to human capital support and maximizing the impact of training and qualification programs in the labor market for sustainable economic development.
The initiative targets the training of more than 115 individuals, benefiting job seekers in Khafji Governorate, in three diverse training programs in the fields of customer service and public speaking skills, financial accounting for non-accountants, and excellence in professional work environments.
The initiative also aims to enhance the role of youth, especially graduates, in achieving the targets of Vision 2030, maximizing social impact, equipping beneficiaries with skills and competencies enabling them to train and develop, raising the knowledge and skill levels of beneficiaries, and positively contributing to achieving impact in national and societal development.
The Electronic Applications Exhibition 2024... an investment platform for those interested in the sector.
08/05/2024
The Electronic Applications Exhibition 2024... an investment platform for those interested in the sector.
Asharqia Chamber, represented by the Small and Medium Enterprises Center, is organizing the Electronic Applications Exhibition 2024 under the patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz. The aim is to enable the business sector to access diverse investment opportunities in the technology field and to achieve and build successful partnerships among participants, exhibitors, and investors, including businessmen and entrepreneurs.
Badr Al-Raziza, The Chairman of the Asharqia Chamber of Commerce, explained that the exhibition comes at a time of technological transformation, highlighting the importance of electronic applications in human life, as well as unprecedented government interest and support in this field. The exhibition, held on June 3-4, 2024, is an attractive and unique platform for interested parties, experts, and entrepreneurs to meet and create successful partnerships that contribute to national economic development, benefiting the local economy and GDP.
Al-Raziza also stated that the Electronic Applications Exhibition 2024, in its second edition, provides supportive spaces and a stimulating environment for entrepreneurs in the field of electronic applications. It showcases investment opportunities for entrepreneurs, programmers, and investors, resulting in business expansion and dissemination through electronic applications. The Asharqia Chamber, through the Small and Medium Enterprises Center, takes pride as the first specialized center for Saudi chambers of commerce in the Kingdom since 2000, aiming to promote initiative among the region's residents and support the vital sector of small and medium enterprises to contribute to sustainable economic development.
The Prince of the Eastern Region inaugurates the Environmental Investment Forum 2024
06/05/2024
In the presence of His Excellency the Minister of Environment, Water and Agriculture
The Prince of the Eastern Region inaugurates the Environmental Investment Forum 2024
About 100 investment opportunities, including 39 opportunities in the Eastern Province, with a value exceeding 100 million riyals, in the waste management sector.
His Royal Highness Prince Saud bin Naif bin Abdulaziz, Prince of the Eastern Province, opened the activities of the Environmental Investment Forum 2024, on Sunday, May 5, 2024, which was organized by the Asharqia Chamber with the aim of enabling investors to access various investment opportunities in the environmental field, and introducing them to the financial support and financing programs provided by the state for projects.
His Excellency the Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli, and many government officials, an elite group of local and international businessmen and academics, and experienced specialists and those interested in the field of environmental investment, participated in the forum.
His Highness the Prince of the Eastern Province honored the sponsors and supporters of the forum, and His Highness toured the accompanying exhibition and witnessed the signing of three agreements: the first: between the Eastern Region Development Authority and the National Center for Vegetation Development and Combating Desertification, the second: between the National Center for Vegetation Development and Combating Desertification and the Friends of the Environment Society, and the third: Between the Asharqia Chamber and the Friends of the Environment Society, and during his tour, His Highness listened to an explanation from the head of the chamber, Badr bin Sulaiman Al-Ruzaiza, about the forum, its objectives and its most prominent topics.
His Excellency the Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli, confirmed the existence of about (100) investment opportunities in the waste management sector in the Kingdom, including (39) opportunities in the Eastern Province, with a value exceeding (100) billion riyals.
His Excellency Minister Al-Fadhli explained that the Kingdom has placed environmental protection as one of the pillars of achieving sustainable development. It has also attached great importance to sustainability in its comprehensive sense and has launched many programs and initiatives. To support sustainable development that contributes to creating investment opportunities for the private sector, given the importance of natural resources in the world, which constitute an essential source for about 50% of the global economy.
His Excellency added that the environment sector in the Kingdom has achieved a number of achievements, most notably the preparation and adoption of the National Environment Strategy, the preparation and adoption of the new environmental system, the launch of global environmental initiatives in the G20, as well as the Green Saudi Initiative and the Green Middle East Initiative, and the designation of an Environment Week annually at the national level, in addition to... Expanding the scope of partnership with the private sector, as it represents an important factor in achieving the sustainable development aspirations of the vision.
He pointed out that the environment sector provides several investment opportunities in various fields, capable of protecting and developing the environment, in addition to generating financial returns for investors, including investment opportunities in natural reserves and national parks, to preserve biodiversity and support tourism, and that by 2030 AD there will be marine reserves in the Kingdom. With a size of 30%, indicating the opportunities provided by the field of treating waste and converting it into energy or recycled products.
Regarding fish farming, His Excellency stated that there are 50 fish farming sites available for investment, in addition to several opportunities in wastewater treatment, environmental quality monitoring, environmental consulting services and other investment fields.
At the conclusion of his speech, His Excellency stated that the environmental system, in the context of its endeavor to raise the efficiency of environmental services and regulate the sector: By opening platforms to qualify environmental service providers and granting them the necessary licenses that enable them to work in this field, and presenting the environmental challenges facing the sector and turning them into investment opportunities, in addition to its continuous support by developing lists of approved environmental service providers and classifying them on its official websites, to facilitate resorting to their services and seeking assistance from them according to Environmental regulations and requirements.
Al-Ruzaiza appreciated the patronage and honor of His Highness the Prince of the Eastern Province for the forum, stressing that his patronage contributes to supporting the activities and initiatives of the Chamber and gives it the momentum required to continue its efforts in organizing and hosting forums and conferences. He added that His Highness's honor gives the forum an added value to its value and importance in developing the environmental investment sector. Pointing out that the forum provides an effective environment for communication, supports the exploration of opportunities, and monitors the opinions, ideas, and visions necessary to support the state of development and increasing growth witnessed by the environmental investment system in the Kingdom.
Al-Ruzaiza said that the environmental sector receives great attention from our wise government and is at the top of the goals of the Kingdom's Vision 2030, which pushed for many promotions to protect the environment and preserve its resources. It created balanced and comprehensive strategies and launched programs and initiatives aimed at preserving it and raising awareness of environmental standards and ways to adhere to them. It sought to activate investment benefit from it within the framework of its sustainable development endeavors, which ensure the fulfillment of the development and environmental needs of present and future generations.
He continued, "The environmental sector represents the utmost importance in preserving renewable natural resources in the terrestrial, marine and air environments. It also provides the necessary foundation for achieving comprehensive and sustainable growth with food security and enhancing human well-being and quality of life that keeps pace with aspirations."
He stressed that the Asharqia Chamber, out of its belief in the importance of participating in spreading environmental awareness and enhancing knowledge of environmentally-related topics, is keen to hold a forum (Environmental Investment 2024... Restoration and Sustainability), which brings together a number of experts, government officials, and others interested in protecting and preserving the environment with Eastern Province businessmen in various sectors, we affirm our firm conviction that balancing environmental considerations and development requirements inevitably leads to achieving a safe, prosperous, and sustainable economy.
The Chairman of the Chamber's Environment Committee, Talal bin Sultan Al-Rasheed, said that the Kingdom has long roots and a great legacy in taking into account environmental proposals and taking their standard considerations when implementing development projects and programs, and in directing its positive efforts towards environmental issues, whether external or local, by protecting and developing the country's natural heritage. Once the Kingdom's Vision 2030 was launched towards developing all sectors and achieving optimal exploitation of the natural resources that the country possesses in order to reach a sustainable development economy, the environmental sector was at the top of the important axes to which the vision paid great attention and considered it a fundamental pillar in achieving its development goals..
Al-Rasheed pointed out that the Kingdom is continuing to expand the environmental sector system, improve its systems and legislation, promote green investments of all kinds, and double its spending on investing and financing projects that work in areas that support the environment.
He stressed that in light of what our country seeks to expand the base of environmental investments, this forum comes with the axes it contains and reviews of topics, supporting practices that ensure the protection of the environment by extracting experiences, reviewing and evaluating the opportunities granted by regulations and legislation in achieving environmental sustainability and their effects on the private sector, To enrich dialogue and discussion on a number of topics related to the challenges facing entrepreneurs who wish to invest in environmental investments, it attempts to reveal all the financial support and financing programs that the state provides for environmental projects, and other topics related to the Kingdom's experience in environmental investment.
In the first session, which was moderated by the Vice Chairman of the Board of Directors of the Friends of the Environment Society, Engineer Abdel Nasser bin Hussein Al-Wadaei, it was entitled (Empowering investors to access diverse investment opportunities in the environmental field), and the CEO of the National Center for Vegetation Development and Combating Desertification, Dr. Khalid bin Abdullah Al-Abdulqader, who confirmed that the center focuses on forest development, and pointed out that forests constitute approximately 1.5% of the total area of the Kingdom, including 500 national parks with an area exceeding one and a half billion square meters. He pointed out that the Kingdom contains more than 2,600 species. of plants, and there are partnerships with the private sector to empower them and provide appropriate investment opportunities in the sector.
As well as the CEO of the National Waste Management Center - Mawan, Dr. Abdullah bin Faisal Al-Sibai, who said that the Eastern Province contains 39 investment opportunities in waste management, expecting more than 600,000 jobs to be available in the coming years in the sector, and there is a continuing concern for fair competition among interested establishments. With investment, while the Executive Vice President of Finance and Strategic Planning - SARC, Mr. Faisal bin Judallah Al-Sulami, said that the center works in an integrated manner with the private sector and is keen to consolidate competitive factors to motivate the sector to invest in environmental fields.
The Executive Director of Strategy and Operational Excellence of the National Center for Environmental Compliance Oversight, Ms. Nadia bint Khalid Al-Amoudi, also spoke about the volume of investment in the field of environmental control and that it is planned to reach 6 billion riyals by 2030 AD, and she pointed to the investment opportunities provided through the various services in environmental control. More than 240,000 establishments are registered with the centre, and there are efforts to localize technologies for environmental compliance.
For his part, the CEO of the National Center for Wildlife Development, Dr. Muhammad Ali bin Bahaa al-Din Qurban, reviewed the strategic investment plan for the National Center for Wildlife Development, and its role in stimulating economic diversification, enhancing private sector participation, and attracting investment. He pointed out that the center's plan focuses on two tracks, the first It is working to create investment opportunities and attract investments in the wildlife sector, while the second track seeks to enhance the participation of the private sector in carrying out some of the work that the center is currently carrying out.
He stressed that the center aims to enhance the role of the private sector in the wildlife sector, given its capabilities in the fields of management, development, operation, investment, and innovation. He pointed out that the center has identified several targeted activities for partnership with the private sector, including, but not limited to, activities Inspection of shops selling wildlife and border crossings, the development and management of national parks, and the development and management of zoos. About the partnership initiative with the private sector in the field of inspection, the Center has completed the design of an operational and financial model aimed at increasing the level of coverage in the sector, increasing commitment Adhere to regulations and standards, and improve financial sustainability.
He said that the center contributes to enabling the private sector to invest in areas related to wildlife, by creating a legislative environment that is possible and encouraging for investment, under the umbrella of the ministry's efforts. It works to identify attractive partnership models for the private sector, and to publish and market investment opportunities within workshops and forums, as well as developing standards. And guidelines to contribute to the success and sustainability of investments, cooperate with investors, support them with information and expertise, follow up on their efforts, and activate cooperation with the Environment Fund by providing the necessary incentives and enablers to encourage investment.
In the second session, which was entitled (Support and Financing Programs for Environmental Projects) and was moderated by the Head of the Department of Environment and Natural Agricultural Resources at King Faisal University, Dr. Muhammad bin Ahmed Al-Sanad, in which the CEO of the Environment Fund, Professor Munir bin Fahd Al-Sahli, spoke, who explained that the Fund Environment aims to contribute to the financial sustainability of the environment and meteorology sectors, and provide the necessary capabilities for its advancement, through optimal investment of its capital, support of environmental programs, studies and initiatives, stimulating environmentally friendly technologies, improving environmental performance and environmental rehabilitation programs, and supporting the operational budgets of environmental centers and the National Center of Meteorology. He pointed out that the Fund has become a pioneer in working to enable a sustainable environment, and since its inauguration, it has played a distinctive role in maximizing resources and adopting the best means and practices to achieve financial sustainability and stimulate investment and innovation in the field of environment and meteorology.
The CEO of the Social Development Bank, Eng. Sultan bin Abdulaziz Al-Humaidi, also spoke about the financing products that the bank provides, whether to individuals or establishments, and the non-profit sector. He said that there is a continuous keenness to develop the products provided and improve them continuously to achieve the desired goals. He pointed out that The Bank is one of the important pillars of development in empowering citizens by providing easy financing products and programs to contribute an active and influential role in the process of construction and development and advancing the national economy. Since its inception, the Bank has witnessed fundamental developments that have positioned it to this day as one of the most important development institutions that play an effective and influential role in the development process. Social and economic components of the country.
The acting CEO of the Small and Medium Enterprises Bank, Chairman of the Board of Directors of the Financing Guarantee Program for Small and Medium Enterprises (Kafala), also spoke, Mr. Abdul Rahman bin Mohammed bin Mansour, who, for his part, reviewed the challenges that were addressed about financing small and medium enterprises with the relevant partner agencies. Such as the high cost of financing, the increase in requirements, the many financing requirements, and the long duration of procedures necessary to obtain financing, pointing out that last year the bank was able to finance more than 1,720 small, medium, and micro enterprises, and lending operations through the financing portal exceeded 8 billion riyals.
He explained that the financing that was provided, especially to small and medium enterprises working in the environmental sector, amounted to about one billion and four hundred million riyals, through the Kafalah program, which has supported this sector for a long time, and which guaranteed these loans, stressing that the program works with all financing parties to Providing guarantees and guarantees to investors of up to 90% of the financing value.
Regarding the latest innovative financing models that can contribute to involving the private sector in financing small and medium enterprises, he said that we are always working to launch new models. To keep pace with development and attract innovative global models, we now have 3 approved financing models: Through it, the volume of financing exceeded 860 million; More than 730 small, medium and micro enterprises benefited from it, namely: the joint financing model, the agency financing model, and the low-cost loan model.
Environmental Investment 2024 monitors investment opportunities and financing programs for environmental projects
02/05/2024
Environmental Investment 2024 monitors investment opportunities and financing programs for environmental projects
The Environmental Investment Forum 2024, organized by the Asharqia Chamber on Sunday, May 5, 2024, under the patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, under the slogan (Restoration and Sustainability), monitors investment opportunities and support and financing programs for environmental projects.
Al-Raziza said that the environmental sector receives great attention from the state, which has launched strategies, programs and initiatives supporting the advancement of the environmental sector in its various fields, noting that the Kingdom has adopted a comprehensive vision for environmental systems through sustainable agriculture, protection of the natural environment and preservation of biological diversity, in the belief that working to combat Climate change enhances competitiveness and creates millions of jobs.
He stressed that Vision 2030, since its launch, has contributed to developing cities and improving the quality of life through a sustainable green future that has enhanced urban life and provided vast green spaces and opportunities to connect with nature.
Al-Raziza explained that the forum comes in support of efforts to enable investment in natural resources in a way that contributes to achieving water and food security, and the development and diversification of value-added goods and services to the national economy, by highlighting the importance of the environment and ways to preserve it, and addresses the impact of regulations and legislation related to the environment on the business sector. With regard to unifying the issuance of investment permits related to the environmental sector, it reviews investment opportunities for the business sector in the field of the environment, as well as the financing channels available to investors in the sector.
He pointed out that the forum supports environmental protection practices by extracting experiences, reviewing and evaluating the opportunities granted by regulations and legislation in achieving environmental sustainability and their effects on the private sector, and enriching dialogue and discussion on the mechanisms and applications of the National Environment Strategy, the role of the National Center for Oversight of Environmental Compliance, and the issues of desertification and combating it. And the state’s efforts in environmental reform and assessment, and other topics related to the Kingdom’s experience in environmental investment.
Asharqia Chamber announces receiving applications to join its sectoral committees and branch councils
02/05/2024
Asharqia Chamber announces receiving applications to join its sectoral committees and branch councils
In implementation of the decisions of the Ministry of Commerce after the issuance of the new regulations for the national and sectoral committees in the chambers of commerce, the Eastern Chamber begins receiving applications to join its sectoral committees and the councils of its branches, from today, Wednesday, the first of May, until the date of May 10, 2024 AD.
The Asharqia Chamber adopted electronic submission in submitting membership applications, as it is the fastest in scheduling applicants and improving access to them with greater accuracy. It confirmed that the application will be approved immediately upon clicking on the confirmation icon, and announced that those wishing to become a member of sectoral committees and business councils can view the necessary conditions and steps from On the Chamber’s website, including registration in the commercial registry and participation in the Chamber, and that the institution be represented by its owner or manager, and the company is represented by its president, a member of its board of directors, the chairman of the board of directors, a member of the board, its director, or one of the executive officials, according to a letter from the establishment stating the name and ID number. The position must be certified by the Chamber, and the establishment must be active within the scope of the Chamber’s spatial jurisdiction for a period of not less than three years, and the commercial register and membership in the Chamber must be valid.
The Chairman of Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, said that the sectoral committees represent the backbone of the work of chambers of commerce, and one of the most important mechanisms for identifying the issues and aspirations of participants, and they play a prominent role in formulating the national economic decision and achieving the goals of the Kingdom’s Vision 2030 and its aspirations related to the private sector, as they are entrusted with diagnosing issues. Its sectors, monitoring challenges and adopting visions of appropriate solutions, noting that the committees are active entities that include many business sector elites according to each sectoral committee separately, to express the interests of its base of pioneers of the sector to which it belongs, stressing the importance of its role in raising topics and issues and studying challenges. Which face the private sector in all its forms and provide appropriate solutions to them, hoping that this process and the subsequent elections will result in committees whose performance keeps pace with the developments taking place in the national economy, and that they will be up to the responsibility in presenting and identifying the challenges of the sectors and providing appropriate solutions to them.
Al-Raziza expressed his optimism that the committees will complete their role in presenting recommendations and visions and the challenges of the sectors, as well as their cooperative role in raising the level of subscribers’ satisfaction with the services provided by the Chamber, stressing that the distinguished results achieved by the Chamber over the past years are only a result of what the committees, sub-councils and executive councils have provided. The proposals, ideas, and interaction it expressed with the policies and strategic objectives approved by the Board of Directors.
“Logistics Integration 2024” highlights the role of the logistics sector in the national economy
30/04/2024
Under the patronage of His Highness the Prince of the Eastern Province and in the presence of His Excellency the Minister of Transport
"Logistics Integration 2024" highlights the role of the logistics sector in the national economy.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, the Prince of the Eastern Province, inaugurated, in the presence of His Excellency the Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, the activities of the Logistics Integration Forum 2024, yesterday, Monday, April 29, 2024. The forum was organized by the Asharqia Chamber to shed light on the present and future of the logistics sector and its role in the national economy, and its potential contribution to the comprehensive development system witnessed by the Kingdom. It also discussed the possibility of benefiting from the Eastern Province and its relative advantages as a gateway to the Gulf states and to all Asian countries.
During his tour of the accompanying exhibition, the Prince of the Eastern Province expressed his happiness with the economic activity in the region, noting that the Eastern Province is qualified to become one of the most important logistics regions in the Kingdom due to its distinctive geographical location and the relative advantages it offers for investment in various sectors.
The forum was attended by His Excellency the Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, many government officials, elite businessmen, local and international academics, experienced specialists, and interested parties in the field of logistics services. They agreed on the necessity of enhancing principles of partnership, localization, and automation in the sector to achieve logistics integration goals. They considered this the appropriate time to coordinate efforts to benefit from the advantages of the Eastern Province, emphasizing that the logistics sector is one of the most important supporting economic sectors for all other sectors, particularly in the Eastern Province, where it enjoys promising investment and operational prospects.
His Excellency the Minister of Transport and Logistics highlighted the significant support provided by the transportation and logistics system from the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince to support developmental and service initiatives in the sector. He explained that logistic integration and partnership between the public and private sectors are a key focus in the national strategy for transportation and logistics. Minister Al-Jasser emphasized the substantial growth in logistics sector activities and the significant leap the Kingdom has made, jumping 17 places in the Logistics Performance Index (LPI).
He stated that the transportation and logistics system is working to enhance integration between maritime, rail, and air transport modes. This includes transporting the first container shipment from Jubail Commercial Port to Riyadh, as well as ongoing logistic connections for Jeddah Islamic Port between maritime and air outlets, and rail connections for the internal rail network in Jubail. He confirmed that the ongoing development at King Abdulaziz Port in Dammam, including new navigation lines and increased handling rates, provides an additional boost to support logistic operations and supply chains with higher monthly handling.
Regarding the general plan for logistic centers, Minister Al-Jasser mentioned that the ministry will collaborate with the private sector to develop local, regional, and international connections through these centers. These centers will support international trade networks, contribute to growth, and generate employment opportunities. He noted that the general plan for logistic centers will enable local industries to export national products efficiently and support e-commerce to facilitate rapid connections between logistic centers and distribution centers within the Kingdom's regions, cities, and provinces.
He also discussed the relationship between the transportation and logistics system and the private sector, stating that it is a key element in achieving the targets of the national strategy for transportation and logistics. Minister Al-Jasser affirmed that the private sector is a primary partner and a fundamental pillar in the national strategy for transportation and logistics, serving as a cornerstone for sustainability.
Badr bin Sulaiman Al-Riziza, the Chairman of the Asharqia Chamber, expressed appreciation for the interest and support of the Prince of the Eastern Province for the private sector and his continuous care for it. He stated that the state is currently implementing an economic vision based on diversifying national income sources to ensure long-term sustainability, prompting continued efforts towards developing the structures of the national economy, with logistics services at the forefront as a crucial pillar for sustainable growth. He affirmed that advancing logistics services is an indicator of development and progress in countries, given its integrative role with all other sectors, saying, "Balanced growth for any country cannot be envisioned without leveraging its geographic potentials."
He pointed out that the country has embarked on significant expansion in logistic projects, greatly facilitating the movement of goods and products and increasing investment and job opportunities among the national workforces. He emphasized that the strategy introduced in mid-2021 for transportation and logistics, along with its included development projects, accelerated the achievement of logistic objectives ahead of schedule and opened broad prospects for private sector partnership in these projects. He asserted that the strategy and the subsequent launch of the general plan for logistic centers in August of last year represented a qualitative leap for advancing the logistic sector in the Kingdom, which undoubtedly will improve the quality of life in all regions and cities of the Kingdom.
Regarding the economic power equation, Rakan bin Abdulrahman Al-Otaishan, the Chairman of the Logistics Committee at the Asharqia Chamber, stated that the logistics sector represents a vital cornerstone for the national economy and is the main driver of economic development. He urged all public and private entities to integrate to achieve logistic sector objectives.
He affirmed that the logistics industry is the foundation upon which all our ongoing development programs rely, given its importance, significant role, and clear impact on all areas. He said, "The logistics industry has become one of the elements of the Kingdom's future economic power equation on the global map since the launch of Vision 2030." He pointed out that the country has enhanced its logistic targets in recent years by launching the National Strategy for Transportation and Logistics, reflecting the keen interest of our wise leadership in the logistics industry by placing it within the framework of massive national projects that enhance the Kingdom's competitiveness and make it one of the most effective countries, including projects and solutions for investors based on its strategic location in the heart of the world.
He said that the General Forum comes in support of the development stage witnessed by the logistics sector in all its fields, and aims to achieve integration and enhance the efficiency of infrastructure in keeping with the developments and growth of the logistics sector, and comes as a review of the investment aspects available in the sector, especially in the eastern region, which represents the capital of industry and stands on its territory there are many industrial complexes
The forum reviewed the most prominent updates and developments in the logistics zones in the Eastern Region, and the investment opportunities provided by the logistics and economic zones in the Kingdom. His Excellency the Secretary of the Eastern Region, Engineer Fahd Al-Jubeir, and His Excellency the Deputy Minister of Transport and Logistics and the Acting Chairman of the General Authority for Transport participated in its first session. Dr. Rumaih Al-Rumaih, and the CEO of the Eastern Region Development Authority, Engineer Omar Al-Abdul Latif.
Al-Jubeir stressed that the Eastern Province Secretariat is working in partnership and integration with the government and private sectors to overcome all the difficulties facing the logistics sector and create appropriate investment opportunities. He pointed out that the Secretariat has offered more than 400 opportunities with an area exceeding 8 million square meters.
For his part, Al-Rumaih explained that the transport and logistics system is always keen to issue appropriate legislation to support the private sector. It also emphasizes fair competition through the periodic regulations it issues, and that the system strives to serve the logistics sector in the Eastern Region, as it strives in the Logistics Partnership Council, which includes more than From 40 representative members from the government and private sectors to offer solutions to the challenges and overcome obstacles facing the logistics sector, as more than 140 existing challenges were addressed.
For this part, Al-Abdul Latif stated that the eastern region contains several comparative advantages, including three airports, including a main airport, four commercial ports, and 6 land ports, and more than 60% of exports and 37% of Saudi imports originate from the eastern region, and the region It contains more than 17 logistics areas and is considered the largest.
In the second session, the Executive Vice President of Strategic Planning at SAR Company, Engineer Tariq Al-Aqeel, explained that the Eastern Region has a distinguished infrastructure for the freight and passenger sectors, which is integrated through the investment opportunities launched by the Saudi Railways (SAR), and we seek at SAR to stimulate the private sector that... It is considered supportive and enabling of supply chains, especially logistics services, and the investment opportunities are attractive because they are easy to implement on the ground due to the presence of capabilities and a targeted industrial, export and import sector.
For his part, the Director General of the General Administration of Investment Development at the Royal Commission in Jubail, Engineer Muhammad Al-Zahrani, said that the Royal Commission for Jubail and Yanbu has been working since its inception to overcome the obstacles facing the logistics sector, and one of the most prominent services it has worked on is in shipping and exporting basic industries, including the establishment of the King's Port. Fahd Industrial and transportation service for basic industries to reduce the use of trucks, and to connect factories to each other to facilitate the process of transporting their products, as the pipeline corridor is now estimated at 110 square kilometers in length, and the factories have also been linked to the railway network in the commercial and industrial ports in Jubail.
While the Director of the Strategic Planning Department at the Modon Authority, Abdul Mohsen Al-Salem, confirmed that the Saudi Authority for Industrial Cities and Technology Zones "Modon" focused on the logistics services system in addition to its primary role, which is establishing industrial cities and technology zones, as "Modon" is working to establish and operate more than 17 A logistics center out of the 59 centers that were approved earlier, we expect it to generate more than 80,000 direct jobs, more than 210,000 indirect jobs, a volume of direct foreign investments exceeding one billion riyals, and a local return exceeding 2.6 billion riyals.
The Prince of Eastern Province honors "Logistical Integration Forum 2024"
28/04/2024
The Prince of Eastern Province honors "Logistical Integration Forum 2024"
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Province, will honor today, Monday, April 29, 2024, the Logistics Integration Forum 2024 organized by the Asharqia Chamber under his patronage. The forum will be attended by His Excellency Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, at 9:00 AM at the Chamber's headquarters.
Badr bin Suleiman Al-Ruzaiza, the Chairman of the Chamber's Board of Directors, expressed gratitude for the patronage of His Royal Highness the Governor of the Region for the forum, affirming that his patronage represents a significant incentive for the Chamber to continue implementing its activities and events to serve the business sector in the region.
Al-Ruzaiza stated that Minister Al-Jasser will participate as a key speaker in the main session of the forum, titled "The Role of Government Entities in Achieving Logistic Integration." The forum will discuss investment opportunities in logistics and economic regions, as well as address the challenges facing logistics areas and ways to address them with relevant authorities. The forum aims to enhance logistical integration by unifying the efforts of relevant government entities with the private sector and improving infrastructure efficiency in line with the developments and growth of the logistics sector. It also aims to highlight available investment opportunities in the logistics sector.
He emphasized that the logistics sector is an important pillar of the national economy and the main driver of economic development. Countries are working to develop and expand logistical activities through various means to support logistical movements, develop projects, and ensure their sustainability. He urged all public and private entities to integrate in order to achieve the objectives of the logistics sector in Vision 2023 and consequently enhance sector growth.
Meanwhile, Rakan bin Abdulrahman Al-Otaishan, the Chairman of the Chamber's Logistics Committee, stated that the forum, attended by officials, experts, and specialists, provides an opportunity to exchange knowledge, experiences, and ideas regarding logistical operations and supply chain management. It serves as a platform for communication between experts and professionals in the field and officials responsible for developing the logistics sector to review innovations, identify best practices, and solutions in the sector.
The first session of the forum, titled "Logistics Regions in the Eastern Province and Major Challenges with Relevant Authorities," will be attended by His Excellency the Secretary of the Eastern Province, Engineer Fahd bin Mohammed Al-Jubeir, and the Deputy Minister of Transport and Logistics Services and Acting President of the General Authority for Transport, His Excellency Dr. Rami bin Mohammed Al-Ramihi, along with the CEO of the Eastern Province Development Authority, Engineer Omar bin Saleh Al-Abdullatif, moderated by Fawaz bin Khalid Al-Bawardi.
In the second session, titled "Investment Opportunities in Logistics and Economic Regions," the Deputy CEO for Strategic Planning of the Saudi Railway Company "SAR," Engineer Tariq bin Abdullah Al-Aqeel, will speak along with the Director General of the Investment Development Administration in Jubail - Royal Commission for Jubail and Yanbu, Engineer Mohammed bin Saleh Al-Zahrani, and the Director of Strategic Planning Administration - Saudi Authority for Industrial Cities and Technology Zones, Abdulmohsen bin Salem Al-Salem, moderated by Adel bin Ali Al-Tamimi.
Al-Otaishan highlighted that the forum will showcase all the relative advantages of the Eastern Province, being the capital of oil and gas and strategically located among Gulf countries. It hosts several primary and secondary petrochemical industrial complexes, in addition to industrial cities in Dammam, Jubail, Khafji, and Ras Al-Khair. Its position has been strengthened in supporting the Kingdom's Vision projects aspiring to be a global logistics platform.
A German trade delegation reviews mining systems and AI solutions at the Asharqia Chamber
25/04/2024
A German trade delegation reviews mining systems and AI solutions at the Asharqia Chamber
Today, Thursday, April 25, 2024, the Asharqia Chamber hosted a meeting with the German trade delegation, in the presence of investors and entrepreneurs. The meeting was attended by the Chamber's Board Member, Nouf bint Abdulaziz Al-Turki, the head of the German delegation, Deputy Representative of the German Industry and Commerce in the Kingdom, Astrid Kroeck, and the Chamber's Secretary-General, Abdulrahman bin Abdullah Al-Wabil.
Al-Turki emphasized the robust economic and trade relations between the Kingdom and Germany, which are entering a new phase of relations and partnerships across all levels, with wide-ranging prospects for cooperation between the private sectors of both countries. She noted that the meeting was part of the Chamber's efforts to enhance mutual economic relations, which have connected the two friendly countries for over 90 years.
Al-Turki stated that in light of the major transformations taking place in all sectors in the Kingdom, particularly in the mining sector, which is rapidly advancing to achieve a leap in development and smooth value chain integration, and also considering the rapid growth in relations between the two countries, as a business sector, they look forward to building on these growing relations to establish ambitious partnerships between the private sectors of both countries and explore further opportunities for business growth and prosperity.
It is worth mentioning that the volume of trade between the Kingdom and Germany witnessed an increase of 25.4% in 2022 compared to 2021, and an increase of 22.6% compared to 2018. Germany ranked 32nd in terms of countries to which the Kingdom of Saudi Arabia exports in 2022.
The delegation included investors in the fields of mining machinery and tools, mining systems, industrial solutions, and artificial intelligence solutions.
“Environmental Investment 2024” examines the impact of environmental regulations and legislation on the business sector
25/04/2024
Under the title (Restoration and Sustainability)
“Environmental Investment 2024” examines the impact of environmental regulations and legislation on the business sector
The Environmental Investment Forum 2024, organized by the Asharqia Chamber under the slogan "Restoration and Sustainability," and sponsored by the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, will be held on Sunday, May 5, 2024. The forum will discuss the impact of environmental regulations and legislation on the business sector, along with other topics related to environmental investments.
According to the Chairman of the Chamber's Board of Directors, Badr bin Suleiman Al-Razeza, the forum aims to enhance the business sector's understanding of environmental regulations and legislation, whether updated or newly launched. It also aims to highlight ongoing programs and initiatives and enable access to diverse investment opportunities in the environmental field. Additionally, it aims to familiarize businesses with support programs and financial funding provided by the government for environmental projects.
Al-Razeza noted that the environmental sector receives significant attention from our wise government in line with the goals of Vision 2030, due to its utmost importance in preserving renewable natural resources in terrestrial, marine, and atmospheric environments. He emphasized that it provides the necessary foundation for achieving comprehensive and sustainable growth, food security, enhancing human welfare, and improving the quality of life in line with aspirations.
He further pointed out that the forum comes within the Kingdom's efforts to expand the base of environmental investments and will witness broad participation from a large group of experts, officials, and stakeholders in the environmental sector, as well as those interested in the economic sector in general. It will discuss various topics related to the challenges facing businesses interested in environmental investments and aims to reveal all support programs and financial funding provided by the government for environmental projects. It will also review investment opportunities in the environmental services sector for the implementation of current and future environmental compliance projects. He stated that the coming periods predict a greater increase in the trend towards environmental investments.
Asharqia Chamber organizes a workshop reviewing employment contracts in Al-Khafji
25/04/2024
Asharqia Chamber organizes a workshop reviewing employment contracts in Al-Khafji
Asharqia Chamber, represented by the Women's Empowerment Center, organized on Tuesday evening, April 23, 2024, in its branch in Al-Khafji Governorate, a workshop entitled "Employment Contracts and How to Draft Them," presented by lawyer Noir Al-Subaie, in the presence of several interested people and business leaders in the governorate.
During the workshop, Attorney Nuwar Al-Subaie discussed the definition of the name of contracts, the basics of contract drafting, the importance of writing a contract, and models and types of contracts, including the employment contract.
During the workshop, Attorney Al-Subaie highlighted the importance of writing the contract because it preserves and documents the rights and obligations of the contracting parties, prevents any dispute between them, and controls the relationship between the two parties.
Al-Subaie referred to the process of documenting any agreement that occurs, ensuring that the investor, trader, and entrepreneur preserves his right and clarifies the rights and duties owed to him and the other party, enabling the commercial process in a professional and legally sound manner and to avoid risks.
In the workshop, Attorney Al-Subaie discussed the basics of drafting contracts, which are to clarify the identity of the contracting parties, determine the scope and subject of the work, determine the rights and obligations of the two parties, including payment provisions, determine the duration of the contract and conditions for its termination and renewal, and determine the effects of terminating the contract and methods of litigation and settlement during the course of the contract. Disputes, and to indicate the means of remedy, in the event of breach of contract, and cases of exemption from responsibility.
"Electronic Applications 2024" provides a stimulating environment for entrepreneurs.
23/04/2024
Organized by the Asharqia Chamber next June
"Electronic Applications 2024" provides a stimulating environment for entrepreneurs.
Badr bin Suleiman Al-Raziza, The Chairman of the Asharqia Chamber, clarified that the Electronic Applications Exhibition 2024 witnesses the participation of numerous specialists, professionals, and technicians in the field of electronic applications. The Chamber organizes this exhibition under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on Tuesday and Wednesday, June 4th and 5th, 2024, at the Chamber's headquarters.
Al-Raziza appreciated the sponsorship of His Royal Highness the Prince of the Eastern Province for the exhibition in its second edition, affirming that it reflects his continuous support for the Chamber's activities and programs, enabling it to continue supporting the business sector in the region.
He stated that the exhibition aims to create a stimulating environment for entrepreneurs in the field of electronic applications by providing an opportunity for the owners, designers, and programmers of these applications to showcase their work to the public.
Moreover, he emphasized that electronic advancement in the world has brought about significant changes in the local and regional markets. He pointed out that markets change according to new data and public interests, with major companies shifting towards providing services through electronic applications and artificial intelligence technologies.
Al-Raziza noted that the electronic applications market now covers a wide range of fields such as entertainment, e-commerce, social media, health and fitness, education, business, travel, and many others. This allows it to play a significant role in providing a comfortable and diverse user experience that promotes innovation and development.
He further explained that the Applications Exhibition will showcase modern and innovative applications in the field of technology and software. It provides an opportunity for developers, companies, and technology enthusiasts to exchange ideas and innovations. It also allows companies and developers to interact with users, gather feedback, and address inquiries about their products. Additionally, it aims to facilitate knowledge exchange among programmers, innovators, and technology enthusiasts, as well as to discover new developments in the world of technology and applications, contributing to enhancing communication and innovation in this growing field.
The Ministry of Tourism presents the investment opportunities program for the tourism sector to businessmen in the Asharqia Chamber.
23/04/2024
The Ministry of Tourism presents the investment opportunities program for the tourism sector to businessmen in the Asharqia Chamber.
Asharqia Chamber, in collaboration with the Ministry of Tourism, organized a workshop titled "The Investment Opportunities Program in the Tourism Sector" on Monday, April 22, 2024. The workshop was attended by the Deputy Minister of Tourism for Empowering Tourist Destinations, Engineer Mahmoud bin Samir Abdulhadi, along with a large number of businessmen, interested parties, and investors in the tourism sector in the Eastern Province.
The workshop was conducted remotely via Zoom, with the participation of the Deputy Minister of Investment for Investment Operations, Engineer Saleh bin Ali Al-Khobti. The workshop showcased a pioneering program in the Kingdom, supporting 10 targeted tourist destinations: Riyadh, Al-Baha, Taif, Al-Ahsa, Jeddah, Al-Qassim, Hail, Asir, Dammam, and Al-Jouf.
Eng. Abdulhadi explained during the workshop, moderated by the Chairman of the Eastern Province Chamber, Badr bin Suleiman Al-Raziza, that the Ministry's Investment Opportunities Program supports both Saudi and foreign investors. Additionally, the program aims to create new investments exceeding 42 billion Saudi riyals, contribute to the GDP by more than 16 billion Saudi riyals, and provide over 120,000 job opportunities.
The Deputy Minister also noted a 22% reduction in government fees in the hospitality sector this year, emphasizing the program's support for hotel projects of all categories with a minimum of 15 million riyals, excluding the value of the land. The program will support either new projects or projects under construction.
Eng. Al-Khobti stated that the Ministry continues to connect investors and empower them through various packages and programs, fostering a conducive investment environment and creating numerous quality opportunities to contribute effectively and efficiently to the GDP.
Al-Raziza, the Chamber's President, affirmed that the Eastern Province is a fertile and distinctive investment environment for investors in the tourism sector due to its unique environmental and investment factors, as well as its diverse young talents. He emphasized the Ministry of Tourism's support for the sector through its distinctive programs aimed at enhancing tourism services in the Kingdom in general and the Eastern Province in particular.
His Excellency the Secretary-General of the Eastern Region speaking at the Logistics Integration Forum 2024.
22/04/2024
His Excellency the Secretary-General of the Eastern Region speaking at the Logistics Integration Forum 2024.
His Excellency Fahd bin Mohammed Al-Jubeir, Secretary-General of the Eastern Region, is participating in the Logistics Integration Forum 2024 organized by the Asharqia Chamber under the patronage and auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, on Monday, April 29, 2024. Also, in attendance is His Excellency Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, at the Chamber's headquarters.
Rakan bin Abdulrahman Al-Otaishan, The Chairman of the Chamber's Logistics Committee, emphasized that the participation of His Excellency the Secretary-General comes within the framework of affirming the partnership between municipal services and the logistics sector to coordinate in planning the city's infrastructure, organizing public transportation, storage, and logistics service areas. This contributes to achieving sustainable development and maintaining the quality of life in the city. Municipalities and the logistics sector cooperate to achieve common goals aimed at improving transportation and distribution operations inside and outside cities to enhance transportation efficiency and services for markets, industrial areas, and consumers.
Al-Otaishan stated that the forum, through three sessions, will review the role of government entities in achieving logistics integration, logistics zones in the Eastern Province and the main challenges with relevant entities, and investment opportunities in logistics and economic zones. He noted that the forum serves as a platform for experts and professionals in the logistics field to communicate with officials from relevant authorities involved in sector development, to review innovations, identify best practices, and solutions in the sector.
Al-Otaishan also pointed out that the logistics sector in the Kingdom continues to achieve milestones, with efforts ongoing to automate many procedures to improve efficiency and accuracy in logistics operations management, enhance inventory management systems to achieve a balance between material availability and inventory costs, and improve transportation and distribution operations through the use of smart routing technologies. This advances work mechanisms and proceeds within plans to incentivize investors to invest in an organized and advanced sector.
His Excellency the Deputy Minister of Transport and Logistics speaking at the Logistics Integration Forum 2024
17/04/2024
His Excellency the Deputy Minister of Transport and Logistics speaking at the Logistics Integration Forum 2024
The Minister of Transport and Logistics, Dr. Rami bin Mohammed Al-Rami, Deputy Minister of Transport and Logistics and Acting President of the General Authority for Transport, will participate in the Logistics Integration Forum 2024 organized by the Asharqia Chamber under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on Monday, April 29, 2024. Also in attendance will be His Excellency Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics, at the Chamber's headquarters.
Badr bin Sulaiman Al-Ruzzaiza, The Chairman of the Asharqia Chamber's Board of Directors, stated that Dr. Al-Rami's participation is a significant addition to the forum. He will speak in the first session under the title "Logistics Regions in the Eastern Province and the Key Challenges with Relevant Authorities."
Al-Ruzaiza explained that the meeting of officials and experts in the forum achieves several objectives, including improving and developing the mechanism of work in the sector, enhancing the efficiency and quality of operations, and achieving a competitive advantage for companies. He noted that the forum comes at a time when the logistics sector in the Kingdom is witnessing significant consecutive achievements in line with the plans and capabilities that keep pace with the aspirations of Vision 2030. Many entities have automated numerous procedures to improve efficiency and accuracy in logistics operations, enhance inventory management systems to achieve a balance between material availability and inventory costs, and improve transportation and distribution operations through the use of smart routing technologies.
The forum aims to enhance logistical integration among all relevant entities to improve supply chain efficiency in the Kingdom. It also serves as a platform for experts and professionals in the field to communicate with officials from entities responsible for developing the logistics sector, to review innovations, and identify best practices and solutions in the sector.
The Environmental Investment Forum 2024 will start next May
17/04/2024
The Environmental Investment Forum 2024 will start next May
Under the slogan "Recovery and Sustainability" and under the patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Asharqia Chamber will organize the Environmental Investment Forum 2024 on May 5, 2024. The forum aims to explore diverse investment opportunities in the environmental field.
The Chairman of the Asharqia Chamber's Board of Directors, Badr bin Sulaiman Al-Ruzaiza, stated that environmental protection is a clear component of the Kingdom's Vision 2030, considering it a religious, ethical, and humanitarian duty. The goal is to reduce pollution by improving waste management efficiency in all its forms. He also highlighted the Kingdom's constructive role in directing positive efforts towards environmental issues domestically and internationally.
Al-Ruzaiza emphasized the utmost importance of the environmental sector in preserving renewable natural resources, providing the necessary foundation for achieving comprehensive and sustainable growth, food security, and enhancing quality of life. He stated that the forum seeks to shed light on the importance of the environment and ways to preserve it, addressing the impact of environmental regulations and legislation on business sectors. Additionally, it will review investment opportunities for businesses in the environmental sector, as well as available financing channels for projects in this vital sector, representing environmental investment as a key driver and effective element in achieving sustainable development.
He clarified that the forum supports environmental protection practices, presents experiences and solutions, and seeks to expand knowledge about environmentally related investment opportunities, methods of dealing with them, and their implementation mechanisms. He also mentioned the package of environmental initiatives and programs launched by the government to promote green investments of all kinds, aiming to increase reliance on clean energy sources with a positive impact on the environment to reach 50% of total energy sources used by 2030. Additionally, the government is determined to double its spending on investment and financing projects that support the environment.
The Prince of the Eastern Province sponsors the second edition of the Electronic Applications Exhibition 2024
17/04/2024
Organized by the Asharqia Chamber next June.
The Prince of the Eastern Province sponsors the second edition of the Electronic Applications Exhibition 2024 .
His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province, sponsors the second edition of the Electronic Applications Exhibition 2024, which is launched by the Asharqia Chamber, represented by the Small and Medium Enterprises Center, on Monday and Tuesday, June 3 and 4, 2024, at the Chamber's main headquarters.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, appreciated the patronage of His Highness the Prince of the Eastern Province, stressing that the patronage reflects His Highness's continued support for the Chamber's activities and programs, enabling it to continue working in supporting the business sector in the region.
Al-Raziza explained that the exhibition, which witnesses the participation of a number of specialists and those interested in the field of electronic applications, aims to create a stimulating environment for entrepreneurs in the field of electronic applications, by providing the opportunity for the owners, designers and programmers of these applications to present their work to the public, specifically for the owners of institutions wishing to develop and expand their business. Achieving diffusion through electronic activity or commerce, creating a stimulating investment environment for entrepreneurs in the field of electronic applications, presenting and exchanging investment opportunities for male and female entrepreneurs to investors, and expanding and spreading business through various electronic applications.
Al-Raziza pointed out that the exhibition includes male and female entrepreneurs, owners of electronic applications, and application programmers interested in electronic commerce, with the ideas and initiatives it contains that are in line with Saudi Vision 2030 and contribute to raising the performance of the local market and introducing new things in the electronic field, as the exhibition seeks to empower pioneers. And increasing investment opportunities in the field of electronic applications.
Al-Raziza said that the application market is witnessing a great development in the type of services provided through electronic applications, indicating that the Saudi market is replete with increasing growth in the number and quality of applications, as we have witnessed diverse and distinctive ideas for many applications that link the customer to the service provider, and they also measure the level of services and satisfaction. The customer depends on the level of service provided, and this helps develop the application itself and the services through it, and also enhances investment in this vital market.
Al-Raziza pointed out that the electronic applications market has now covered a wide range of fields such as entertainment, social networking, health and fitness, education, business, travel, and many others, which enables them to play an important role in providing a comfortable and diverse user experience and enhances innovation and development.
The Asharqia Chamber Events Fund launches a program to celebrate Eid Al-Fitr
07/04/2024
The Asharqia Chamber Events Fund launches a program to celebrate Eid Al-Fitr
Asharqia Chamber Events Fund launches a festive program on the occasion of Eid Al-Fitr 2024, hosted by Al-Rashid Mall in Al-Khobar and Al-Shati Mall in Dammam from the second day of the Eid for three days.
The Fund continues to hold the entertainment program, which has achieved great success and witnessed a large attendance during previous years, as the people of the Eastern Province and its visitors flock to the Fund's activities to enjoy the various aspects of the program.
The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the program begins at 4:30 pm and continues until 10 pm, indicating that preparations for organizing this program, which contains 21 events, began early, as the Events Fund was keen for the events to be diverse and attractive to all segments of society, while holding them. The longest possible period, as it lasts for 6 hours a day in the Al Rashid Mall and Al Shatea Mall complexes.
The activities are varied, as they include the Children's Garden, which includes interactive corners that children prefer, such as face painting, free coloring, and colorful compositions. The activities also include carnival games, cartoon characters, and a segment for the Saudi show. It also includes a children's photography studio, and PlayStation games, in addition to a segment for the Saudi show. Competitions and distribution of gifts.
Al-Raziza said that the Chamber's Events Fund is always keen to have the people and visitors of the region participate in the celebrations of holiday occasions, stressing the great support that events receive from the Fund and the keenness to design family entertainment programs that suit the interests and aspirations of the people.
The Eastern Province Development Authority participates in the Logistics Integration Forum 2024.
03/04/2024
The Eastern Province Development Authority participates in the Logistics Integration Forum 2024.
The CEO of the Eastern Province Development Authority, Engineer Omar bin Saleh Al-Abdulatif, is participating in the scientific program of the Logistics Integration Forum 2024, organized by the Asharqia Chamber of Commerce under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on Monday, April 29, 2024, at the Chamber's headquarters.
Rakan bin Abdulrahman Al-Ataishan, Chairman of the Logistics Committee at the Chamber, emphasized that the forum aims to attract officials and experts in the logistics sector to enrich the forum sessions with the latest developments in the industry and to showcase the most important projects to businesses and stakeholders. He explained that the logistics sector plays a vital role in providing goods and services to companies and consumers and is abundant with various investment opportunities that require in-depth market study and evaluation of available opportunities.
Al-Ataishan stated that several challenges can be transformed into real investment opportunities if appropriate solutions are proposed. It is imperative to keep up with the increasing demand for global shipping services, especially with the rise of e-commerce, and to provide modern and advanced storage facilities and establish distribution companies to meet the growing demand for fast delivery and efficient distribution. Additionally, there is a need for technological advancement in the logistics sector, such as Internet of Things, shipment tracking, and supply chain management improvement. Investment in cold chain shipping, hazardous shipping, and healthcare logistics services is also essential, along with investment in supply chain integration to improve coordination between relevant parties in the supply chain to achieve better logistical efficiency.
It is worth mentioning that the forum serves as a platform for experts and professionals in the field to engage with officials responsible for developing the logistics sector, to review innovations, and to identify best practices and solutions in the industry.
Environmental Investment 2024 reviews financing channels for investors in the environmental sector
31/03/2024
Organized by the Asharqia Chamber under the slogan (Restoration and Sustainability)
Under the slogan (Restoration and Sustainability) and under the patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Asharqia Chamber is organizing the Environmental Investment Forum 2024, with the aim of enabling the business sector to access diverse investment opportunities in the environmental field, and introducing them to financial support and financing programs. Provided by the state for environmental projects.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, said that the Kingdom has long-standing roots in taking into account environmental proposals and taking into account their standard considerations when implementing development projects and programs, and in directing its positive efforts towards environmental issues at home and abroad, and pointed out that the environmental sector comes within the goals of the Kingdom’s vision. 2030 AD, and that the forum comes in light of the Kingdom’s efforts to expand the base of environmental investments. It will witness broad participation by a large group of officials and specialists in the environmental sector, as well as those interested in economic affairs in general and environmental investment in particular. It will discuss a number of topics related to the challenges that face It confronts entrepreneurs who want to make environmental investments, and tries to reveal all the financial support and financing programs that the state provides for environmental projects.
Al-Raziza pointed out that the Chamber has extended efforts to support and develop the business community and promote environmental investments, as they are among the basic resources in creating development and driving economic growth.
Al-Ruzaiza stated that the forum carries the slogan (Restoration and Sustainability) and tries to shed light on four goals, the first of which is: highlighting the importance of the environment and preserving it, while the second goal focuses on the impact of regulations and legislation related to the environment on the business sector, and the third goal comes, according to Al-Raziza, to identify the various investment opportunities for the business sector in the field of the environment, while the latter reviews the financing channels available to investors in the environmental sector.
The President of the Saudi Authority for Industrial Cities and Technology Zones participates in the 2024 Logistics Integration Forum.
28/03/2024
The President of the Saudi Authority for Industrial Cities and Technology Zones participates in the 2024 Logistics Integration Forum.
Several officials and specialists are participating as speakers in the 2024 Logistics Integration Forum organized by the Asharqia Chamber under the patronage and attendance of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on Monday, April 29, 2024, with the participation and attendance of His Excellency Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, at the Chamber's headquarters.
Among the forum's agenda, the President of the Saudi Authority for Industrial Cities and Technology Zones, Engineer Majed bin Rafid Al-Arqoubi, will speak.
Badr bin Sulaiman Al-Razeza, Chairman of the Asharqia Chamber, stated that the forum attracts officials discussing various topics within the interests of business sectors specialized in logistics, in addition to their opinions on the sector and the most prominent areas of development they see as important in improving transport services in all its forms.
The forum aims to enhance logistical integration among all relevant entities to enhance supply chain efficiency in the Kingdom. It serves as a platform for experts and professionals in the field to communicate with officials responsible for developing the logistics sector, to review innovations, identify best practices, and solutions in the sector.
Al-Razeza pointed out that the officials' meeting in the forum could significantly achieve several objectives, including improving and developing the mechanism of work in the sector, enhancing the efficiency and quality of operations, and achieving a competitive advantage for companies. He emphasized that the logistics sector is a vital part of the supply chain, encompassing all activities related to material and goods flow from origin to consumption points.
He also highlighted the significant development witnessed by the logistics sector in line with Vision 2030, where many entities have automated many procedures to improve efficiency and accuracy in logistics operations management, enhance inventory management systems to achieve a balance between material availability and inventory costs, as well as improving transport and distribution operations through the use of smart routing technologies. He stressed the necessity of continuous improvement culture, training of employees and workers in the sector, and digital transformation as a significant part of corporate culture.
The forum also includes the participation of investors and experts in the logistics sector, opening the door for exchanging experiences and knowledge about logistics operations, supply chain management, and discussing promising investment opportunities in relevant fields within the logistics sector.
Asharqia Chamber Entrepreneurship Incubator organizes a meeting on “The Impact of Accounting on the Success of Your Project”
21/03/2024
Asharqia Chamber Entrepreneurship Incubator organizes a meeting on "The Impact of Accounting on the Success of Your Project"
Asharqia Chamber, represented by the Chamber's Entrepreneurship Incubator, in cooperation with the Authority of Auditors and Accountants, organized a meeting to discuss the impact of accounting on the success of the commercial project. It was hosted by the incubator's headquarters in the Chamber's tower on Wednesday evening, March 20, 2024.
The guest of the meeting, colleague of the Saudi Organization for Auditors and Accountants, Walid bin Youssef Al-Khalidi, explained that accounting plays a crucial role in the success of the project, as it contributes to managing financial resources and providing accurate and useful information for making strategic decisions, pointing to the importance of accounting in the project in terms of effective financial planning and monitoring costs. Performance and evaluation of financial performance and compliance with accounting standards, in addition to reducing financial risks.
Regarding the financial statements, Al-Khalidi said that they are considered a mirror that reflects financial performance, translates it into a digital language, reads the work that it performs daily, periodically measures the establishment's income, divides its life into periodic periods, and also provides the necessary information for the needs of the beneficiaries and helps generate cash flows and predict their continuity and achieve positive results, pointing out that The importance of financial statements lies in their use to make financial decisions for investors in companies, follow up on market challenges and risks to companies, and provide reassurance to entrepreneurs by recording and documenting financial statements correctly in the period or year, and also following up on information that helps estimate the size of the risks affecting cash flows. For the company, and reassuring entrepreneurs that the financial statements are free of material errors.
Regarding the types of financial statements, Al-Khalidi reviewed the statement of financial position, which represents the elements directly related to measuring the financial position in assets, liabilities, and ownership rights, the comprehensive income statement, which uses the income statement to present the company's net income for a specific financial period, and the cash flow statement, which contains a list of Cash flows display the cash flows resulting from the operating, investing, or financing activities of the activity, and finally the list of changes in equity, which contains elements of shareholders' equity such as capital, reserves, and retained earnings.
The Prince of the Eastern Province sponsors the “Jobs 2024” exhibition
20/03/2024
The Prince of the Eastern Province sponsors the "Jobs 2024" exhibition.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, is sponsoring the "Jobs 2024" exhibition, which is being launched by the Asharqia Chamber through the Employment Center from October 14th to 16th, 2024, at the Dhahran International Exhibition Company's premises, Dhahran Expo, in Al Rakah.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, expressed appreciation for the sponsorship of His Royal Highness the Governor of the Province for the exhibition, confirming that it represents significant support for this event and is one of the incentives for the Eastern Province Chamber to undertake further initiatives in this regard. He also highlighted His Royal Highness's constant support for the Chamber's programs, activities, and events aimed at the business sector and enhancing its efforts in various localization paths.
Al-Ruzaiza emphasized that the Chamber annually ensures the organization of this exhibition, which is the largest in the field of employment in the Eastern Province, to actively contribute to the localization plan supported by the state, by providing qualified national cadres to companies and institutions seeking to support their workforce with national skills and experiences.
He stated that over the years of its convening, the exhibition has showcased many Saudi youth, both males and females, holding modern specialties that keep pace with the rapid developments in the labor market and its requirements in terms of specialties, technical details, and skills. He noted that the exhibition allows job seekers to directly interact with employers and representatives of institutions, where they can ask questions, inquire further about specific companies and available opportunities. Additionally, participants can electronically submit their resumes directly to human resources officials, increasing their chances of obtaining interviews and job opportunities. It also represents an opportunity for job seekers to better understand a particular industry or specialization by exploring participating companies and learning more about industry needs and current global trends.
Al-Ruzaiza explained that the exhibition provides an opportunity for job seekers to network with other colleagues in the same or related fields of specialization, which can contribute to providing future job opportunities or obtaining valuable advice and guidance.
He further highlighted that the exhibition saves time and effort for both job seekers and employers, as they meet in one place, allowing both parties to review opportunities and directly assess competencies and skills. Employers also benefit from using the exhibition to promote their companies and increase awareness of their brand.
"Logistics Integration Forum 2024" reviews the role of government agencies in achieving integration in the sector
20/03/2024
Asharqia Chamber will launch it next April.
"Logistics Integration Forum 2024" reviews the role of government agencies in achieving integration in the sector.
The Chairman of the Logistics Committee at the Asharqia Chamber, Rakan bin Abdulrahman Al-Otaishan, affirmed that the participation of His Excellency Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, as a keynote speaker at the Logistics Integration Forum 2024, reflects the ambitions of specialized businessmen and investors in the logistics sector, to review the latest developments in the sector in terms of legislation and support mechanisms directed towards the sector.
Al-Otaishan stated that the forum, organized by the Asharqia Chamber under the patronage and auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, on Monday, April 29, 2024, will address three important axes through officials and specialists. These axes include the role of government entities in achieving logistics integration, investment opportunities in logistics and economic zones, in addition to the major challenges facing logistics areas.
He further elaborated that the logistics sector in the Kingdom in general, and in the Eastern Province in particular, is witnessing rapid and significant development in various aspects, notably digital transformation, and the utilization of artificial intelligence technology, enhancing quality standards and operational efficiency. He noted that the sector is progressing according to a roadmap aimed at enhancing its services and improving operations in line with the ambitious Vision 2030 of the Kingdom.
Al-Otaishan called on the business sector and stakeholders to attend the forum's activities and enrich it with contributions and discussions, in addition to benefiting from the presence of officials and experienced individuals in this field who will assist them in developing their businesses and keeping up with everything new, whether in information or work methods, so that they can improve their services to high standards.
The forum will be attended by several officials, experts, and specialists in the logistics sector, which opens the door for exchanging experiences and knowledge about logistics operations, supply chain management, and reviewing promising investment opportunities in related areas of the logistics sector. The forum serves as a platform for communication between experts, professionals, and investors in this field with officials from relevant authorities involved in developing the logistics sector, to review innovations, identify best practices and solutions in the sector, as well as to review major investment opportunities with relevant entities that play a role in the growth of the logistics sector.
The Prince of Eastern Province sponsors the 2024 Environmental Investment Forum
20/03/2024
The Prince of Eastern Province sponsors the 2024 Environmental Investment Forum
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, Asharqia Chamber is organizing the Environmental Investment Forum 2024 next May under the slogan "Recovery and Sustainability."
The forum aims to enable investors to access diverse investment opportunities in the environmental sector and familiarize them with the support programs and financial funding provided by the state for environmental projects.
The Chairman of the Chamber's Board of Directors, Badr bin Sulaiman Al-Ruzaiza, praised the patronage and interest of His Royal Highness the Prince of the Province in all activities and events of the Eastern Province Chamber. This reflects his keen interest in the private sector and its role in advancing the sector and businessmen in serving the region and the nation.
Al-Ruzaiza stated that the environmental sector receives significant attention from the state and is included in the objectives of Saudi Vision 2030. The state has implemented various initiatives to preserve and protect the environment from pollution factors, creating balanced and comprehensive strategies aimed at conservation, raising awareness of environmental standards, and ensuring compliance with them. The state has also sought to utilize the environment within the framework of its sustainable development efforts, which ensure meeting the developmental and environmental needs of present and future generations.
Al-Ruzaiza emphasized that the environmental sector is of utmost importance in preserving renewable natural resources in terrestrial, marine, and atmospheric environments. It provides the necessary foundation for achieving comprehensive and sustainable growth, food security, enhancing human welfare, and improving the quality of life in line with aspirations. Therefore, the forum aims to highlight the importance of the environment and ways to preserve it, address the impact of environmental regulations on the business sector, review investment opportunities for businesses in the environmental field, and explore available financing channels for investors in the environmental sector.
He noted that the forum supports environmental protection practices through extracting experiences, reviewing and evaluating opportunities provided by regulations in achieving environmental sustainability and its effects on the private sector, enriching dialogue and discussion on the mechanisms and applications of the national environmental strategy, desertification and its combat, state efforts in environmental reform and evaluation, and other topics relevant to the Kingdom's experience in environmental investment.
The Minister of Transport and Logistics Services is a key speaker at the 2024 Logistics Integration Forum
11/03/2024
The Minister of Transport and Logistics Services is a key speaker at the 2024 Logistics Integration Forum
Engineer Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services, participates as a keynote speaker at the 2024 Logistics Integration Forum organized by the Asharqia Chamber under the patronage and auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, on Monday, April 29, 2024, at the headquarters of the Chamber.
Badr bin Sulaiman Al-Razizah, Chairman of the Board of Directors of the Asharqia Chamber, stated that the participation of the Minister is a valuable opportunity for the business sector to meet with the primary official responsible for the transportation sector in the Kingdom. This allows discussions on improvement and development programs for the system, ongoing works to update transportation infrastructure, enhancing sustainable transport, and integration among relevant government entities. Additionally, the latest developments in developing new policies and strategies to enhance logistics will be reviewed.
Al-Razizah highlighted that the meeting with the Minister aligns with the aspirations and expectations of the business sector to learn about initiatives and measures aimed at achieving the goals of the logistics sector in ports, airports, railways, roads, and also enhancing the use of modern technology in the transport sector, contributing to supporting economic growth in the Kingdom, creating promising investment opportunities, and improving transport efficiency.
The forum will discuss the role of government entities in achieving logistics integration, investment opportunities in logistics and economic zones, as well as addressing the major challenges facing logistics zones and ways to address them with relevant authorities.
Additionally, the forum will be attended by several officials, experts, and specialists, providing opportunities for knowledge exchange and sharing experiences and ideas about logistics operations and supply chain management. It serves as a platform for communication between experts, professionals, and investors in this field with officials from relevant authorities responsible for developing the logistics sector, to review innovations and identify best practices and solutions in the sector.
The sector is experiencing rapid and significant developments, including digital transformation, the use of artificial intelligence technology, and raising the level of quality and efficiency to ensure the effective flow of resources, goods, and services, as well as coordinating and improving logistics operations.
The Youth Business Council delegation concludes its visit to the Davos digital conference “Leap24”
10/03/2024
The Youth Business Council delegation concludes its visit to the Davos digital conference "Leap24"
The delegation of the Eastern Province Youth Business Council concluded its visit to the "Leib24" digital Davos conference, which lasted for four days in the Saudi capital, Riyadh.
Led by Council President Saad Al-Moajil, the delegation visited the exhibition accompanying the conference to learn about the prominent initiatives implemented by government entities supporting entrepreneurship, in addition to major companies presenting their initiatives through incubators and accelerators that actively support young entrepreneurs.
Al-Moajil stated that the Leib exhibition is one of the most important exhibitions where numerous entrepreneurs and startups from various sectors gather to showcase their products and services and exchange experiences in the fields of digital technology, communications, and artificial intelligence. He highlighted that the exhibition provides an opportunity for young men and women to expand their network, learn about the latest innovations in the business field, educate themselves through the vast amount of information obtained from attending seminars and lectures by experts and specialists in the technology field, as well as project owners in the same field. They can also become acquainted with new trends and developments in the business field, in addition to the new products and services offered by participants in the exhibition. Many lectures and seminars cover a wide range of topics related to business and innovation, presented by distinguished speakers in their fields.
Al-Moajil emphasized the importance of engaging with startups and exchanging ideas with new investors and acquiring experiences by getting to know market makers with strong practical and scientific experiences, as this could lead to opportunities for project implementation or cooperation in joint projects.
He also mentioned that Riyadh is currently considered a destination for investors, and entrepreneurs should continuously visit it, especially when major conferences and exhibitions crowded with promising investment opportunities are announced. Riyadh has succeeded in hosting and organizing many of these huge events, which have changed the world's compass towards it.
Asharqia Chamber organizes a meeting on “Cash Flow Management in Small and Medium Enterprises” in Jubail
10/03/2024
Asharqia Chamber organizes a meeting on “Cash Flow Management in Small and Medium Enterprises” in Jubail
Asharqia Chamber, represented by the Small and Medium Enterprises Center, organized an event titled "Cash Flow Management in Small and Medium Enterprises" on the evening of Wednesday, March 6, 2024, at its branch in Jubail. The event featured a talk by business development consultant Dr. Hussein bin Ali Al-Sheikh.
Al-Sheikh emphasized the importance of preparing a financial budget for the establishment, aiming to increase the company's profitability, market share, brand reputation, or market survival. He stated that the budget should be drafted as a future plan for anticipated financial activities to be achieved within 12 months under normal conditions, predicting total revenues and expenses and planning for all financial possibilities.
Regarding financial liquidity management, Al-Sheikh explained that it involves planning and controlling the flow of funds in and out of the establishment over a specified period. If revenues exceed expenses, the financial situation is positive; however, if expenses exceed revenues, the financial situation becomes negative. Therefore, the company management must implement necessary strategies to maintain continuous financial liquidity availability.
Regarding strategic solutions for managing financial flows, Al-Sheikh advised the necessity of using electronic programs for cash flow management, financial forecasting, continuous monitoring and tracking, developing sales policy and customer relations, reducing expenses, cost management, seeking funding sources, diversifying income sources, improving cooperation policy with suppliers, inventory management, project delay, and finally establishing a reserve fund.
Al-Sheikh emphasized the importance of cash flow management, which lies in achieving financial stability for the establishment, reducing financial risks, ensuring sufficient liquidity availability at the right time, analyzing and predicting cash needs and their timing, improving the efficiency of the establishment's fund utilization, controlling fund direction, and enhancing financial relationships with suppliers, customers, and employees.
Asharqia Chamber approves its annual report and financial statements for the year 2023.
06/03/2024
Asharqia Chamber approves its annual report and financial statements for the year 2023.
Chamber, under the leadership of its Chairman of the Board, Badr bin Suleiman Al-Riziza, held its annual general assembly on Tuesday, March 5, 2024, amidst the presence of many of its members and a representative from the Federation of Chambers of Commerce. During the assembly, the chamber's annual activity report, as well as its financial and capital statements for the year 2023, were approved.
Al-Riziza stated that the ongoing developments and achievements in our national economy, driven by the Vision 2030 and its principles of diversity and sustainability, constantly urge the chamber's board and executive team to intensify efforts towards reshaping strategies in line with the requirements of the phase that has granted a larger space for the private sector in the national economy structure. This includes continuous efforts to offer innovative initiatives, programs, and activities that align with the vision and its developments.
Al-Riziza highlighted the distinguished successes achieved by the chamber last year and the initiatives it executed, stating that throughout 2023, the chamber managed to keep pace with developments, achieve successes, and maintain its excellence in fulfilling its role according to its vision and mission of achieving leadership and excellence in supporting the interests of the business sector. Initiatives were launched, forums were held, opinions were sought, and dialogues were opened on various economic topics, making it a year filled with accomplishments.
Al-Riziza emphasized that the chamber is moving forward according to an ambitious plan aligned with the national vision for economic diversification. He added that the past year witnessed an increase in the number of chamber members to 128,118, coinciding with continuous efforts to facilitate and improve the provision of services for businessmen and businesswomen, ensuring the highest standards of efficiency and professionalism in service delivery.
During the annual general assembly meeting held by the Eastern Province Chamber under the leadership of the Chairman of the Board, Badr bin Suleiman Al-Riziza, and attended by many of its members and a representative from the Federation of Chambers of Commerce, on the evening of Tuesday, March 5, 2024, the activities of the past year were discussed. During the meeting, the chamber's annual activity report, financial statements, and capital for the year 2023 were approved.
Al-Riziza stated that the ongoing developments and achievements in our national economy, in line with Vision 2030 and its concepts of diversity and sustainability, continually drive us, as the chamber's board and executive body, to intensify our efforts towards redefining our steps in line with the requirements of the phase that has granted greater space for the private sector in the national economy structure. The chamber is continuously working on providing innovative initiatives, programs, and activities that align with the vision and its developments.
Al-Riziza pointed out the remarkable successes achieved by the chamber last year and the initiatives and activities it undertook. He emphasized that in 2023, the chamber managed to keep pace with developments, achieve successes, and maintain its excellence in fulfilling its role according to its vision and mission of achieving leadership and excellence in supporting the interests of the business sector. The chamber launched initiatives, held forums, solicited opinions, and opened doors for dialogue on various economic topics, making it a year filled with achievements.
He affirmed that the chamber is moving according to an ambitious plan that aligns with the national vision for economic diversification. He added that the past year witnessed an increase in the number of chamber members, reaching 128,118 participants, coinciding with continuous efforts to facilitate and improve service delivery to both male and female entrepreneurs and ensure the highest standards of efficiency and professionalism in service provision.
The chamber was able to present about 55 specialized research studies and reports during 2023 and issued 9 working papers summarizing the state of trade relations between the Kingdom and other countries, in addition to presenting 20 visual presentations on economic developments in the Kingdom.
In the context of enhancing and developing international relations and foreign investment, the number of visits by diplomatic and official delegations to the chamber reached about 11 visits, and businessmen and businesswomen participated in 9 delegations and external events.
In the field of supporting training and localization initiatives, the Chamber's Training and Leadership Development Center implemented 44 training programs, benefiting 1104 trainees, with 151 training days and 623 training hours.
To strengthen these efforts, the Employment Center organized 8 recruitment meetings in collaboration with several business sector entities during 2023. The number of job seekers reached 2376 applicants, who applied for 1828 jobs provided by 51 companies. Additionally, the center organized the most prominent recruitment event, the "Job Fair 2023," which saw the visit of more than 20,000 job seekers competing for 8,000 job opportunities offered by around 167 companies.
As part of the chamber's programs aimed at empowering women in the business sector, the Women's Empowerment Center at the chamber implemented 58 programs and events benefiting 2844 women. It also provided 199 informational services about all economic activities and offered 31 training programs aimed at supporting female entrepreneurs and project owners.
To support the entrepreneurship sector, the Small and Medium Enterprises Center at the chamber continued to provide services, programs, and consultations, with around 680 consultations provided throughout the year. Additionally, 25 lectures, workshops, and specialized meetings for entrepreneurs were organized.
Continuing its efforts to enhance the business environment through legal consultations for its members, the chamber, through its Arbitration Center, handled 22 arbitration cases and resolved 4 cases of registered protests, settling two protests amicably during 2023.
Regarding business committees, the chamber executed 329 activities during 2023, addressing all aspects related to the concerns and challenges of the business sector. It shed light on issues across various sectors and conducted dialogues with sector partners through 16 committees and business councils. The number of programs and activities organized by the committee sector reached 129 programs and workshops, 153 visits, hosting and meetings with officials, 86 additional meetings for task forces, and 21 expanded meetings.
In conclusion of the assembly's proceedings, Al-Riziza expressed gratitude for the significant support from His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Province, for all the activities and initiatives launched by the chamber, highlighting his keenness to support the private sector and stand beside it, as well as to open up more avenues for work and investment. He also thanked His Royal Highness, Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, and praised the vital supportive role of the Minister of Commerce, Dr. Majid Al-Qasabi. Al-Riziza extended his thanks to all government agencies and other entities that made significant contributions and left clear marks on many projects initiated by the chamber during the past year.
Asharqia Chamber and the Saudi Contractors Authority sign a cooperation agreement to support the contracting sector
06/03/2024
Asharqia Chamber and the Saudi Contractors Authority sign a cooperation agreement to support the contracting sector
Asharqia Chamber signed a cooperation agreement today, Wednesday, March 6, 2024, with the Saudi Contractors Authority. The agreement aims to collaborate in scientific and technical fields and exchange expertise to contribute to the development of the contracting sector.
The agreement was signed at the chamber's headquarters by the Chairman of the Chamber's Board of Directors, Badr bin Suleiman Al-Riziza, and the Chairman of the Saudi Contractors Authority, Engineer Zakaria bin Abdul Rahman Al-Abdulqader. The agreement seeks to enhance cooperation and implement programs and activities aimed at supporting the business sector in general and the contracting sector in particular.
This agreement reflects the commitment of both the chamber and the authority to implement initiatives that empower and enhance the role of the sector in serving the national economy and working towards its development in line with future visions. It also aims to raise awareness to help overcome the challenges that the contracting sector may face.
Al-Riziza emphasized that the agreement is part of the chamber's efforts to support the contracting sector in the Eastern Province. The chamber organizes workshops and training programs, hosting academics and specialists to review ways and steps to develop the sector's mechanisms and provide support to enhance its developmental role.
Asharqia Chamber discusses the role of women in family boardrooms.
06/03/2024
Asharqia Chamber discusses the role of women in family boardrooms.
Assistant Professor of Accounting and Governance at King Fahd University of Petroleum and Minerals, Dr. Sameera Al-Mutairi, emphasized that experience and a desire for development are among the most important qualities found in recent studies on women inheritors who have succeeded in managing their fathers', mothers', or husbands' companies after their passing.
During a workshop organized by the Asharqia Chamber and the National Center for Family Enterprises on Monday, titled "The Role of Women in Family Business Boards," Al-Mutairi stated that several studies have confirmed that successful women in managing family wealth possess several other qualities such as collaboration with employees and family members, openness to others, innovation in ideas and positive projects, and avoiding confrontational positions.
Al-Mutairi, during the remote workshop facilitated by the Director of Business Development and Strategic Partnerships at the National Center for Family Enterprises, Naeem Al-Sharab, pointed out several factors influencing the role of women in family companies as owners or partners. These factors include the perception of women's capabilities, their opportunities for education, encouragement from the family to assume leadership positions in the family company, their desire for better job opportunities, their aspiration for participation, self-respect, and the values they hold towards themselves and others. Additionally, she highlighted their loyalty to the parent "company owner" and finally, women's self-leadership abilities, educational qualifications, and practical skills.
Regarding the factors related to women's educational qualifications and leadership skills, Al-Mutairi mentioned that the higher their skills, the greater their opportunities for advancement in positions. Having skills in employing modern technology, dealing with competing companies, crisis management, implementing creative initiatives, participating in international conferences, holding positions of importance within the company, and leading in their respective fields all contribute to their advancement. She also pointed out social and legal factors that either strengthen or weaken their position, such as regulations and laws, access to legal information about their rights in companies, interference from heirs in their ability to access leadership positions and marrying outside the family.
Asharqia Chamber reviews the achievements of Saudi women on International Women's Day
06/03/2024
Asharqia Chamber reviews the achievements of Saudi women on International Women's Day
In keeping with International Women's Day, the Asharqia Chamber, represented by the Women's Empowerment Centre, organized on Monday evening, March 4, 2024, a dialogue session within the International Day event entitled "Ambassadors of Change," in the presence of the two members of the Chamber's Board of Directors, Nouf Al-Turki and Aghareed Abdel-Jawad.
The session was hosted by the owner and CEO of the Dr. Laila Al-Enezi Medical Complex, Dr. Leila Al-Enezi, the fashion designer and owner of Prism Fashion House, Amina Al-Jassem, and the founder and CEO of Nouf Al-Sudairi Fashion Group, and it was moderated by the director of the Women's Empowerment Centre in the Chamber, Hanan Al-Wabel.
The participants in the dialogue session reviewed the inspiring stories in their professional journey, and the most prominent challenges they overcame. They also talked about the empowerment endeavours that Saudi women are currently experiencing under the directives of the wise leadership - may God protect them - and the attention they give to women and work to benefit from their energies and capabilities to serve and develop the country. To achieve the goals of the Kingdom's Vision 2023.
Nouf Al Turki, a member of the Board of Directors, said: The Kingdom was launched under the leadership of the Custodian of the Two Holy Mosques and His Highness the Crown Prince according to a clear vision that provided opportunities to empower women and support their participation in the ongoing national development. Saudi women are facing successive achievements and gains, and they have already begun to reap The fruits are making their mark in building their society, by increasing their share in various sectors and fields that extend from education and sports to the judiciary and the military sectors to reaching political positions and senior administrative positions, and here we see day after day the pride in Saudi women within their society and their success in life and work.
Al-Turki explained that these achievements and gains require us to reach a high level of quality and effectiveness in our performance, so that we can live up to the trust and appreciation that our rulers have given us, and to strive to participate seriously in achieving the goals and aspirations of our ambitious vision, which emphasized that women are one of the most important elements of moving the Kingdom towards the future.
It is noteworthy that the Asharqia Chamber has always kept pace with International Women's Day by organizing various activities, as a culmination of the achievements made by Saudi women, in which they emphasized the high status of their status and the level they have reached, as they were able to take pioneering steps in line with the culture of society, the developments taking place, the changes of the era, and its outcomes.
Prince of Eastern Province sponsors the annual meeting of the Friends of Patients Association in the Asharqia Chamber and honors the supporters
03/03/2024
Prince of Eastern Province sponsors the annual meeting of the Friends of Patients Association in the Asharqia Chamber and honors the supporters
Today, Sunday, His Royal Highness Prince Saud bin Naif bin Abdelaziz, Governor of the Eastern Province, the Honorary President of the Friends of Patients Association, honored the annual meeting of the association at the Asharqia Chamber. The meeting was attended by His Royal Highness Prince Saud bin Bandar bin Abdelaziz, Deputy Governor of the Eastern Province. The achievements of the association for the past year were reviewed, focusing on providing medical equipment with direct impact.
Prince Saud bin Naif bin Abdelaziz praised the efforts of the association in serving patients and contributing to providing their needs, integrating with sectors related to human health. He commended the wise leadership's significant interest in human health, safety, and providing all means that contribute, after God's will, to the recovery of hospitalized patients.
During the ceremony, a film about the activities, programs, and projects of the association for the past year 2023, entitled "Between Two Crescent Moons," was presented. Abdulhakim bin Hamad Al-Khaldi, the Chairman of the Association's Board of Directors, explained that the association served 9 different health sectors, benefiting more than 250,000 patients and medical cases within one year. Additionally, the association contributed by providing 606 medical supplies to operate 4 clinics within the prison administration in the Eastern Province.
Abdulhakim Al-Khaldi said, "Since its inception, the association has promoted the spirit of volunteer work and enhanced acts of charity, kindness, and community participation in the Eastern Province, especially in the field of serving patients and the health sector, through establishing medical clinics and providing urgent devices and supplies to hospitals and health centres." He expressed gratitude to the businessmen with white hands who contributed significantly to the social and moral return, exceeding expectations, and still continue to serve the nation, society, and deserving patients.
Al-Khaldi added, "The association is proud to be a role model for other specialized associations in various regions of the Kingdom with its organized work and projects, serving the dear nation and following the footsteps of the wise rulers who are pioneers in charity work and support." He expressed sincere thanks and appreciation to His Royal Highness Prince Saud bin Naif bin Abdelaziz, Governor of the Eastern Province and the Honorary President of the association, for his sponsorship and great efforts in supporting charitable work in the region and everything concerning its people.
At the end of the meeting, His Royal Highness Prince Saud bin Naif bin Abdelaziz, Governor of the Eastern Province, honored the partners and supporters of the association for the year 2023.
The Prince of Eastern sponsors the “Logistics Integration Forum 2024” next April
03/03/2024
The Prince of Eastern sponsors the "Logistics Integration Forum 2024" next April
Prince Saud bin Naif bin Abdelaziz, Prince of the Eastern Province, sponsors the activities of the 2024 Logistics Integration Forum organized by the Asharqia Chamber on Monday, April 29, 2024. The forum discusses the role of government entities in achieving logistics integration, investment opportunities in logistics and economic regions, and the most important challenges facing logistics regions and ways to address them with relevant entities.
The Chairman of the Chamber's Board of Directors, Badr bin Sulaiman Al-Rizaza, praised the sponsorship of His Highness the Governor of the Province for the forum, affirming that his sponsorship represents a significant incentive for the Chamber to continue implementing its activities and events in service of the business sector in the region.
Al- Rizaza, stated that the forum, held at the Chamber's headquarters, works towards several objectives, most notably achieving logistics integration by unifying the efforts of relevant government entities with the private sector and striving to enhance infrastructure efficiency in line with the developments and growth of the logistics sector. Additionally, it aims to highlight available investment aspects in the logistics sector.
He emphasized that the logistics sector represents an important pillar of the national economy and is the main driver of economic development. Countries work on developing and expanding the scope of logistics activity through various means that support logistics movement, project development, and sustainability. He urged all public and private entities to integrate with each other to achieve the targets of the logistics sector in the Vision 2023 and thus promote the growth of this sector.
Furthermore, Al-Rizaza, emphasized that the forum, attended by various officials, experts, and specialists, provides an opportunity for knowledge exchange and sharing of ideas regarding logistics operations and supply chain management. It serves as a platform for experts and professionals in this field to interact with officials from entities concerned with the development of the logistics sector, to review innovations, identify best practices, and propose solutions within the sector.
He explained that the sector is experiencing rapid and significant developments, particularly in aspects such as digital transformation, the utilization of artificial intelligence technology, and the enhancement of quality and efficiency. These developments aim to ensure effective flow of resources, goods, and services, as well as to coordinate and improve logistical operations.
Al-Rizaza, pointed out that the logistics sector has recently witnessed various advancements, where experts have been able to translate data and analyses from digital technology to achieve better realities in several aspects, including expanding e-commerce, implementing sustainability plans, environmental direction, and innovation in transportation methods. He highlighted that through the forum and its participants, these advancements will be discussed, and the possibility of employing them to serve the logistics sector in the region, particularly in the Kingdom, will be explored.
Additionally, he added that the forum will showcase all the relative advantages of the Eastern Province, being the capital of oil and gas and strategically located among Gulf countries. It hosts several primary and secondary petrochemical industrial complexes, in addition to the presence of industrial cities in Dammam, Jubail, Khafji, and Ras Al-Khair. Its position has been strengthened in supporting the projects of the Kingdom's Vision, aspiring to become a global logistics platform.
"Saudi Connect" launched by the Asharqia Chamber and the Council of Energy Industries.
27/02/2024
With the presence of more than 150 companies in the energy field
"Saudi Connect" launched by the Asharqia Chamber and the Council of Energy Industries.
On Tuesday, February 27, 2024, the Asharqia Chamber, in cooperation with the Energy Industries Council (the leading trade association in global energy supply chains), launched the "Saudi Connect" forum, in the presence of more than 150 companies from inside and outside the Kingdom, in the presence of the President of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza. and EIC Regional Director Ryan McPherson.
The forum aimed to inform businessmen in the region and energy companies about the supply chains in the Kingdom and the opportunities available to them in this field, as well as the new projects that will be launched in the region, as well as providing a common platform for communication with investors and foreign companies that have headquarters in the Kingdom.
Al-Raziza stated that the national economy is currently witnessing significant development in all fields, with projects being implemented and others in the pipeline, especially in the energy sector, which tops the priorities and targets of Vision 2030, aiming for Saudi Arabia to be a global leader in all forms of energy through the framework of the circular carbon economy, in line with the global shift towards environmental sustainability.
He emphasized the importance of the forum as it brought together industry leaders, engineering contractors, procurement professionals, local developers in the energy sector in the Kingdom, and foreign companies interested in entering the Saudi market. He pointed out that the forum represented a new pivotal platform through which the chamber aimed to enhance communication with energy companies and decision-makers, stay updated on the latest developments in energy markets, and provide detailed information on all supply chain companies and investment opportunities available in all regions and provinces of the Kingdom. He said, "It is a new mechanism or path taken by the chamber in cooperation with the Council of Energy Industries, a leading global union of companies supplying goods and services to the energy industries, with a global network of over 800 companies operating worldwide, to explore opportunities, stimulate investment, and enhance its role in the national economy," confirming that it was an opportunity for knowledge exchange and communication with energy industry leaders and decision-makers.
The Governor of "Monshaat" meets with Asharqia Chamber officials and business leaders in the region
26/02/2024
The Governor of "Monshaat" meets with Asharqia Chamber officials and business leaders in the region
The Governor of the General Authority for Small and Medium Enterprises "Monshaat," Sami Al-Hussaini, met with a delegation from the Chamber of the Eastern Region, including the president and members of the board of directors, to discuss ways of cooperation and partnership to serve the small and medium-sized enterprises (SMEs) sector and entrepreneurship in the region, and to work on their development and expansion.
The meeting, held on Monday, February 26, 2024, addressed the joint efforts between the Eastern Chamber and Monshaat to support the entrepreneurship sector and startups, within the framework of enhancing the entrepreneurship ecosystem in the region, and supporting and empowering entrepreneurs and owners of small and medium-sized enterprises (SMEs). This is due to the importance of cooperation and partnership among all parties to increase the sector's contribution to the gross domestic product, achieving the targets of Saudi Vision 2030.
Additionally, the Governor of Monshaat and the delegation held a meeting with entrepreneurs and owners of small and medium-sized enterprises in the Eastern Region to identify the challenges they may face and facilitate the growth of their businesses. They also discussed promising opportunities in the region and initiatives supporting entrepreneurial projects.
"Monshaat" has provided numerous services and initiatives to entrepreneurs and owners of small and medium-sized enterprises (SMEs) in the Eastern Region through the Support Center for Enterprises, the Startups Complex, and the Innovation Center in Al Khobar. The Support Center offers a range of advisory, guidance, and training programs to support entrepreneurs in expanding and growing their projects. It also provides the opportunity to benefit from the Business Support Program to direct beneficiaries to suitable services and programs for their projects. The Startups Complex offers shared workspaces, offices, and logistical services for entrepreneurs and owners of SMEs. The Innovation Center aims to empower entrepreneurs and SME owners to adopt technology and innovation, contribute to the creation of advanced startups, and increase the efficiency of SMEs.
Recently, Monshaat organized an e-commerce trade tour in the Eastern Region, including a package of training programs and specialized workshops, as well as a training camp focused on e-commerce, benefiting more than 70 trainees from SME owners and entrepreneurs. The Eastern Region is the third-largest region in terms of the number of SMEs, with 141,000 establishments during the fourth quarter of 2023, employing over a million people.
The Chairman of the Asharqia Chamber's Board of Directors, Badr bin Sulaiman Al-Raziza, emphasized that SMEs represent the backbone of the private sector and are a fundamental pillar in driving the national economy and achieving Vision 2030. He stated that the state has taken pioneering steps to support SMEs, providing them with multiple growth factors, including procedural, regulatory, and financial support, and creating a suitable environment for their expansion and proliferation. The Chamber aims to make these SMEs one of the pillars of sustainable growth in the Kingdom.
He explained that the Chamber held this meeting to enhance entrepreneurs' knowledge of Monshaat's developments and future plans, realizing that enabling entrepreneurs to be effective and impactful in the national economy requires participation and dialogue, which play a significant role in overcoming challenges and providing unique and qualitative solutions. He highlighted the Chamber's keen interest in SMEs by launching a variety of programs, seminars, and workshops aimed at developing and enhancing their performance to attract more capital.
Asharqia Chamber holds a meeting for networking with businesswomen in Khafji
21/02/2024
Asharqia Chamber holds a meeting for networking with businesswomen in Khafji
Asharqia Chamber, represented by the Women's Empowerment Center, held a networking meeting with businesswomen in the Khafji governorate. The meeting, hosted by the chamber's branch in Khafji last Sunday evening, highlighted the achievements of businesswomen and young entrepreneurs in the governorate, as well as the most important projects and new ideas contained within their initiatives. It also addressed the support mechanisms that contributed to the launch of their projects, empowerment programs, and training courses that helped in the development of their businesses.
The meeting witnessed the participation of a number of businesswomen from various commercial fields, where they discussed the challenges facing businesswomen in several sectors. They also proposed a range of realistic solutions gained from their experiences in the market, emphasizing the importance of enhancing communication and coordination with relevant entities to convey ideas and proposals, as well as difficulties, to officials and specialists for study and analysis. Subsequently, suitable solutions can be presented, contributing to the development of work mechanisms in the sector.
The future of business is on the agenda of the commercial forum's activities.
19/02/2024
The future of business is on the agenda of the commercial forum's activities.
On behalf of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province, His Excellency Turki bin Abdullah Al Tamimi, Deputy Governor of the Eastern Province, inaugurated the activities of the 2024 Commercial Forum titled "Future of Business," organized by the Asharqia Chamber. This took place yesterday, Monday, February 19, 2024. The event focused on the continuous growth in the business sector and its implications for future sectoral trajectories.
The forum witnessed a large attendance of government officials, a select group of local and international businessmen, academics, as well as experts and enthusiasts in the commercial sector.
His Excellency toured the exhibition accompanying the forum and honored the companies and institutions sponsoring the forum, as well as the speakers and the Governor of the General Authority for Small and Medium Enterprises, Sami bin Ibrahim Al-Husseini. During his keynote dialogue session at the forum, chaired by Badr bin Suleiman Al-Razizah, The Chairman of the Asharqia Chamber, Al-Husseini stated that the Kingdom has begun rapidly diversifying its non-oil economy. He emphasized that the Kingdom has launched an ambitious and accelerated path to become a leader in all fields.
Al-Husseini pointed out that many establishments have recently focused on developing small and medium enterprises (SMEs) and empowering them by improving their access to financing. He noted that the facilities provided to establishments reached nearly 268 billion Saudi riyals by the end of the third quarter of the previous year, accounting for 8.7% of total financing. He highlighted that the Kingdom has jumped to the second position globally in the entrepreneurship index, up from 41st place in 2018. Additionally, he mentioned that the number of establishments reached about 1.3 million by the end of last year, creating job opportunities for over 6.9 million people.
Regarding the efforts of Monsha'at in supporting entrepreneurs in the e-commerce sector, Al-Husseini explained that Monsha'at has established training programs and specialized workshops in this field. He mentioned the e-commerce tours conducted by the authority in more than 14 cities and regions around the Kingdom, benefiting over 12,000 visitors. Additionally, more than 125 workshops were held, providing over 1300 consultancy hours. Furthermore, special offers and packages for e-commerce services were presented by service providers, with over 52 offers during the tour, benefiting 4022 existing establishments.
Regarding the Eastern Province, Al-Husseini stated that there has been significant growth in the number of small and medium enterprises (SMEs) in the region, reaching around 141,000 by the fourth quarter of 2023. He highlighted that it ranks third in terms of the number of SMEs, with over one million employees in the Eastern Province.
On his part, Al-Razizah expressed his gratitude and appreciation to the Governor of the Eastern Province for his sponsorship and presence at the 2024 Commercial Forum. He affirmed that the forum is an attempt by the chamber to shed light on a sector that is among the top priorities of Vision 2030. This is achieved through creating an effective environment for communication and gathering opinions, ideas, and necessary insights to enhance the role of the private sector as a partner in the national economy, develop its investment partnership tools in national projects, and maximize the principle of sustainability in business operations.
Al-Razizah stated that the commercial sector represents one of the most important growth tools that increase available investment opportunities, enhance competitive capabilities, and encourage innovation while creating stable job opportunities. It is the true indicator of growth and the greatest enabler for advancing sustainable economic development. He pointed out the significant growth in the commercial sector amidst the state of economic activity and diverse projects witnessed by the country, supported by the unlimited backing from the wise leadership. This growth reflects continuous development in improving the business environment and simplifying startup procedures, where the Kingdom ranks first globally according to the Global Entrepreneurship Monitor (GEM) report for the year 2023, maintaining this position since the 2022 report.
Al-Razizah emphasized that the forum includes discussions and topics aimed at promoting the role of the private sector as a fundamental partner in the national economy and enhancing cooperation and communication among relevant entities and commercial entrepreneurs from the region. Additionally, it aims to raise awareness about investment opportunities provided by the sector within the current vibrant environment of the national economy.
On this part, Hani bin Hassan Al-Afaleq, The Chairman of the Commercial Committee at the Asharqia Chamber, stated that as a result of the comprehensive visions and ambitious programs of Vision 2030 for the national economy, focusing on diversification and optimal utilization of available resources, innovation, and entrepreneurship, the Kingdom has witnessed unprecedented economic growth and active dynamics at all levels. This has been reflected in the commercial sector, where the Kingdom has achieved significant qualitative leaps in various associated indicators such as capital cost index, trade exchange, consumer price inflation index, legislation support index for establishing companies, as well as in the annual Global Competitiveness Report, where the Kingdom ranked third among the G20 countries and 17th globally.
Al-Razizah highlighted the significant transformation currently witnessed by businesses in the Kingdom, whether in terms of improving the business environment, facilitating commercial activities, digital transformation, or the substantial growth in the number of commercial enterprises. According to the Ministry of Commerce, the total number of registered commercial records in the Kingdom has exceeded one million and 350 thousand.
He emphasized that the Asharqia Chamber holds this forum, recognizing the importance of forward-looking analysis of customer behavior trends in light of the continuous rise of e-commerce and its impact on the future of business. Additionally, the forum underscores the importance of continued dialogue and its role in harnessing competition values and sustainability principles as key strategies for success, excellence, and business enhancement.
During the first session chaired by Ali bin Saeed Al-Marisal, a member of the Commercial Committee at the Chamber, the forum addressed customer behavior trends and their impact on the future of businesses. The session featured discussions by Abdulrahman Al-Olayan, Co-founder and CEO of Nice One, and Abdullah bin Mohammed Al-Ghamdi, Head of Customer Experience. Participants discussed ongoing and expected changes in customer behavior and their implications for the success and growth of businesses. They stressed the importance of technology and its influence on customer behavior, pointing out that modern technologies are available but require effective investment to enhance and develop businesses through the services they provide to their customers.
Participants emphasized that entrepreneurs must always listen to the voice of the customer, especially the disgruntled customer, evaluate it, and capitalize on it to generate ideas that may help improve and refine their work.
Regarding the impact of technology on customer behavior, participants noted that purchasing decisions have become easier for customers, but sometimes they can be challenging, which is linked to product or service quality and competitive pricing. They explained that the market has become open, and entrepreneurs must keep pace with market trends and price fluctuations, or else they risk falling behind and being unable to compete.
In the second session, chaired by Abdullah bin Khalid Al-Zamil, CEO of Raz Amwal, the importance of competition and sustainability strategies in the success of entrepreneurs was discussed. The speakers emphasized that the Saudi market is highly competitive due to the expansion and growth it is experiencing. They pointed out that this competitiveness requires more innovative ideas and out-of-the-box thinking to introduce non-traditional ideas through offering products that meet consumer needs. They explained that competition remains one of the most important factors determining success but is multi-faceted and cannot be limited to just price competition, which may be effective in the short term but could have a negative impact on profitability in the long run. They stressed that competition should also include providing the best value with high-quality products or services, where the product's features, whether in design, manufacturing quality, or warranty, differentiate it among competitive products.
In the third and final session chaired by investor and podcast host Mashhour bin Abdullah Al-Dubaian, the role of innovation and creativity in enhancing project efficiency was discussed. The speakers emphasized the importance of continuous development in work and thinking from different perspectives to achieve profits. They highlighted the necessity of understanding and coordinating departments to execute business plans according to the highest standards and increase profits across all business sectors.
They explained that business operations rely on teamwork and collaboration, emphasizing the importance of harmony between marketing and sales departments to increase team productivity and company profits. They also stressed the importance of avoiding emotional attachment in business operations and abandoning any products or services that may incur losses for the company or fail to achieve the desired results due to such emotional attachment.
Asharqia chamber launches today, Monday, the activities of the 2024 Commercial Forum
19/02/2024
Sponsored by the Prince of the region under the slogan (The Future of Business)
Asharqia chamber launches today, Monday, the activities of the 2024 Commercial Forum
Asharqia Chamber launches today, Monday, February 19, 2024, the activities of the 2024 Commercial Forum, titled "Future of Business", under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdelaziz, Prince of the Eastern Province. The forum will feature the participation of the Governor of the General Authority for Small and Medium Enterprises "Monsha'at," Sami bin Ibrahim Al-Husseini, and around 13 personalities from various specialties who will discuss ways to enhance the participation of the private sector in the national economy, the principles of investment in national projects, and the pathways for sustainability in business.
The forum aims to enhance the effectiveness of commercial entrepreneurs in line with the implementation of the goals of Vision 2030, by focusing on three main axes: changes in the business sector, customer behavior trends and their impact on the future of business, competition strategies, sustainability, and their importance in achieving success for entrepreneurs, and the role of innovation and creativity in enhancing the growth and expansion of enterprises.
Badr bin Suleiman Al-Razizah, The Chairman of Asharqia Chamber, stated that the forum is an opportunity for further interactions regarding the commercial sector, which is achieving continuous growth and qualitative leaps in many of its related indicators. He emphasized that the forum is based on a solid vision and message, which is to support commercial entrepreneurs in economic development paths, praising the patronage of the Prince of the Eastern Province for the forum and his interest in supporting economic activities in the region to increase the contribution of the private sector in the development process.
Al-Razizah emphasized that the governmental efforts to empower the private sector have had the greatest impact on increasing its economic partnership, stating that the forum will provide an insight into future trends in consumer purchasing behaviours in line with the continuous growth in e-commerce, mechanisms for dealing with competition values, and solidifying the principles of sustainability as a successful path in enhancing business.
Asharqia chamber launches on Monday the 2024 Commercial Forum "The Future of Business."
18/02/2024
Asharqia chamber launches on Monday the 2024 Commercial Forum "The Future of Business."
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, The Asharqia Chamber launches on Monday, February 19, the 2024 Commercial Forum "The Future of Business." The forum will witness the participation of experts and specialists in the commercial sector, at its headquarters in Dammam. Among the forum's activities, Sami bin Ibrahim Al-Hussaini, the Governor of the General Authority for Small and Medium Enterprises "Monsha'at," will participate as a keynote speaker.
The Chairman of the Board of Directors of the Chamber, Badr bin Sulaiman Al-Ruzaiza, said that the forum aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, and maximize the principle of sustainability in business, in addition to raising awareness and educating entrepreneurs.
Al-Raziza explained that the forum reviews a number of topics that affect the business process, including customer behavior trends and their impact on the future of business, where the changes occurring and expected in customer behavior and their implications for business success and growth are discussed, and the importance of competition and sustainability strategies in the success of the entrepreneur, through which values are employed. Competition and the principle of sustainability as main strategies for success and excellence, in addition to operating efficiency for the success of projects in view of innovation and creativity and their role in the growth and expansion of enterprises. It also aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, and maximize the principle of sustainability in business in addition to raise awareness and educate entrepreneurs, shed light on the challenges that limit the growth of commercial activity, focus on successful experiences, and extract appropriate mechanisms to overcome these challenges that work within a system for the growth of this vital sector.
Al-Raziza emphasized that the commercial sector continues to achieve accomplishments thanks to the unlimited support from the wise leadership, indicating that the forum will shed light on the challenges facing the commercial sector for studying them and proposing realistic solutions.
The forum aims to enhance cooperation with relevant authorities to develop work mechanisms, in addition to working on finding modern means to attract entrepreneurs to seize investment opportunities available in various fields.
On this part, the Chairman of the Chamber's Commercial Committee, Hani bin Hassan Al-Afaleq, stated that the first session of the forum will address the axis of customer behavior trends and their impact on the future of business. Speakers in this session include Abdulrahman Al-Olayan, Co-founder and CEO of Nice One, Consumer Protection Specialist Fahd Al-Buqami, Customer Experience Manager Abdullah Al-Ghamdi, with the session chaired by Ali bin Saeed Al-Muraisil, a member of the Chamber's Commercial Committee.
The second session, focusing on the importance of competition and sustainability strategies in the success of entrepreneurs, will feature Abdulaziz bin Abdulrahman Al-Omran, Partner, Co-founder, and CEO of Impact46, Ibrahim bin Jamal Al-Jassim, Chairman of Ibaj Holdings, and Mohammed bin Suleiman Al-Saif, CEO of Al-Saif Gallery, with the session chaired by Abdullah bin Khalid Al-Zamil, CEO of Raz Capital.
In the third session, which addresses the role of innovation and creativity in enhancing project operational efficiency, speakers include Mohammed bin Abdullah Al-Ayban, Founder and CEO of Nearpay, Marketing Consultant Dr. Mohammed Hattahout, Engineer Ahmed bin Abdulaziz Al-Qadi, Founder and CEO of Al-Dhawqah Food Company, and Salman Al-Mandil, CEO of Jahiz Ghassab Group, with the session chaired by Mashhoor bin Abdullah Al-Dabayan, an investor and host of the Swalef Business podcast.
"Teled" showcases packages of solutions supporting small and medium-sized enterprises.
15/02/2024
"Teled" showcases packages of solutions supporting small and medium-sized enterprises.
The "Teled" program at Saudi Aramco showcases discounted solution packages to support small and medium-sized enterprises. It was presented during the "Pioneers Dialogue" program, one of the initiatives of the Business Youth Council at the Asharqia Chamber, to introduce initiatives provided by the "Teled" program affiliated with Saudi Aramco. The Executive Department Head of the program, Engineer Mohammed bin Rashid Al Odail, stated during the meeting held by the Asharqia Chamber, represented by the council on the evening of Wednesday, February 14, 2024, and chaired by Saad bin Khalid Al Mujal, that the National Development Initiative aims to support investments of various sizes by translating innovative and viable ideas into business opportunities or small and medium-sized projects capable of sustainability and growth to become major national companies. He further explained that the initiative targets four strategic areas: manufacturing, industry, digital services, and sustainability.
Regarding the "Teled" program, Al Odail mentioned that the program works on creating new investment opportunities for small and medium-sized enterprises (SMEs), fostering their growth and sustainability. It aims to build robust establishments around the Saudi Aramco ecosystem, create job opportunities, and support the Kingdom's vision to raise the contribution of the SME sector to the GDP to reach 35% by the year 2030.
Al Odail further stated that the program places significant emphasis on addressing six major challenges facing SMEs, which include developing and implementing strategies, attracting and retaining talents, performance linked to databases, accessing markets, accessing financial solutions, and the business environment.
"Teled" offers several supportive programs for the establishment, growth, and sustainability of small and medium-sized enterprises (SMEs). It works on building national capacities and qualified competencies by linking job opportunities and the workforce in collaboration with national training centers. It also focuses on building professional capacities, developing specialized programs, and creating quality opportunities for independent talents. Furthermore, the program provides training programs and best practices.
Moreover, the program supports entrepreneurs in various fields and investment opportunities by creating investment opportunities in strategic sectors, attracting and localizing investment opportunities in the SME sector, and supporting SMEs during the investment phase by developing investment plans and enabling the creation of SMEs around large companies' ecosystems.
Additionally, it offers financial solutions in collaboration with partners from the public and private sectors by facilitating access to the best digital financial solutions and enabling access to accelerated financing in collaboration with Teled program partners. It also connects venture capital with private equity funds.
The program provides a business platform to facilitate the access of small and medium-sized enterprises (SMEs) to business markets and offers discounted solution packages that support operational efficiency and profitability. It also facilitates access to a large base of Teled partners, connects SMEs with major companies to facilitate access to larger markets, and provides a platform to enhance communication, exchange experiences, and knowledge among SMEs.
Al Odail pointed out the main outputs of the Teled program during the year since its launch in October 2022. It succeeded in creating and enabling various investment opportunities, supporting over 400 establishments with various workshops and training programs, launching the "MOD" platform, developing the national e-commerce platform, and launching programs to support zero-carbon neutrality.
Asharqia Chamber concludes the Human Resources Empowerment Program "Achieve Your Ambition and Create the Future"
13/02/2024
Asharqia Chamber concludes the Human Resources Empowerment Program "Achieve Your Ambition and Create the Future"
Asharqia Chamber, represented by the Women's Empowerment Center, concluded yesterday, Tuesday, February 13, 2024, a human resources empowerment program titled "Achieve Your Ambition and Shape the Future." The program aimed to provide support and guidance to job seekers through a series of workshops and professional counseling sessions conducted by human resources specialists, in the presence of board member Agarid Bint Ihsan Abduljawad.
During the program, which began on Sunday and lasted for three days, specialized workshops and consultations were provided in the field of human resources training. On the first day, Performance Management Analyst, Planning, and Personal and Professional Development Program Trainer, Sarah Bakir, presented a workshop on building personal identity.
Human Resources and Administrative Affairs Consultant, Hadeel Bousbait, presented the second workshop, which focused on writing a professional resume. On the second day, Management and Self-Development Trainer, and Administrative Consultant, Sohair Ahmed Al-Ghamdi, presented a workshop titled "Personal Interview Skills."
On the third day, HR Specialist at Aramco, Reem Al-Khudairy, presented a workshop titled "Your First Steps in the Job."
Abduljawad commented: "Saudi women have received significant attention from our wise government over the past years, as it has opened up opportunities for them to play a greater role in the development process. Many legislations have been enacted to enhance their role in the labour market and strengthen their presence in the overall economic system. Today, women play an important and growing role in the business community." She added that women have joined the workforce to contribute to economic development, proving their high capacity for creativity and professional performance. It was necessary to support their presence in the labour market, build confidence in them, provide them with the necessary skills and knowledge, and prepare them to meet the aspirations of the business sector in the Eastern Region in line with the Kingdom's ambitious vision. This program targeted job seekers, including graduates and university students, as well as those looking for better job opportunities, by introducing them to the fundamentals of building personal identity, mechanisms for writing professional resumes, and the necessary skills for conducting personal interviews.
Asharqia Chamber reviews the roadmap for investment in children's hospitality centers.
13/02/2024
Asharqia Chamber reviews the roadmap for investment in children's hospitality centers.
Asharqia Chamber, represented by the Women's Empowerment Center, held a workshop titled "The Journey of Investing in Children's Hospitality Centers" on the evening of Monday, February 12, 2024. It was presented by the founder and CEO of Honey Bee Children's Hospitality Center, Tafool Al-Habib.
Al-Habib talked about elements that should be in place before starting any business project. Passion comes first among these elements, as it is the feeling of enthusiasm and happiness when engaging in a work or activity that one loves. Secondly, motivation, which is the determination and energy that drive individuals to achieve goals and overcome challenges. Finally, demand, which represents the desire and willingness of consumers to purchase a specific product or service, indicating a genuine need or problem-solving capability that people are willing to pay for.
Al-Habib presented the roadmap for investing in children's hospitality centers, starting with research and planning by analyzing the demand for services in the area, evaluating competition, highlighting the unique value proposition, and incorporating demographic data, trends, and potential growth in the area. The second step involves creating a business plan, which includes defining the vision, mission, and values, identifying the target market and age group, the services provided, the approach followed, determining the unique value proposition, as well as financial planning and feasibility study, assessing potential opportunities and threats, and setting a timeline for each stage of the project.
Regarding choosing a building for the project, Al-Habib mentioned that the location should be suitable and comply with regulations and requirements, ensuring that the building meets the needs of children, and ensuring that all health and safety standards are met. It's also important to choose an appropriate name and logo for the center.
Regarding how to proceed and obtain financing, Al-Habib emphasized the importance of determining startup costs, including facility facilities, equipment and supplies, employee salaries, and other operating expenses and fees, as well as startup costs and variable and fixed costs. It's also important to study financing options and personal savings, family and friends, loans, or investors and capital holders.
Al-Habib pointed out important elements in the project-building journey, including the importance of hiring, developing programs and activities, marketing and registration, and operational procedures.
Experts discuss 3 main axes in the 2024 commercial forum
13/02/2024
Organized by the Asharqia Chamber next week
Specialists discuss 3 main topics at the 2024 Trade Forum
The Chairman of Asharqia Chamber, Hani bin Hassan Al-Afaleq, stated that a number of experts and specialists in the commercial field are participating in the events of the 2024 "Future of Business" commercial forum organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Region, on Monday, February 19, 2024.
The experts are discussing several axes that shed light on factors influencing the business process, including customer behavior variables and their impact on business success, the characteristics of successful entrepreneurs considering competition and sustainability as two key strategies for success and excellence, as well as operational efficiency for project success by considering innovation and creativity and their role in the growth and expansion of establishments.
In the first session of the forum, which focuses on the axis of customer behavior trends and their impact on the future of business, Abdulrahman Al-Olayan, co-founder and CEO of Nice One, Fahad Al-Buqami, consumer protection specialist, and Abdullah Al-Ghamdi, Chief Customer Experience Officer, are speaking. Ali bin Saeed Al-Muraisel, a member of the Commercial Committee of the Chamber, is chairing the session.
In the second session, which discusses the importance of competition and sustainability strategies in the success of entrepreneurs, Abdulaziz bin Abdulrahman Al-Omran, partner, co-founder, and CEO of Impact46, Ibrahim bin Jamal Al-Jassim, Chairman of the Board of Directors of Eipag Holding, and Mohammed bin Sulaiman Al-Saif, CEO of Al Saif Gallery and board member, are speaking. The session is chaired by Abdullah bin Khalid Al-Zamil, CEO of Raz Capital.
In the third session, which addresses the role of innovation and creativity in enhancing project operational efficiency, Mohammed bin Abdullah Al-Oyban, founder and CEO of Nearpay, Dr. Mohammed Hattout, marketing consultant, Ahmed bin Abdulaziz Al-Qadi, founder and CEO of Al-Dhawqah Food Company, and Ghassab bin Salman Al-Mandil, CEO of Jaz Group, are speaking. The session is chaired by the investor and podcast host, Mashhoor bin Abdullah Al-Dubayan, known for Swalef Business.
Al-Afaleq emphasized that the forum, through its participants, will address national trends to support economic and commercial sectors, the future vision of the sector, and how to keep pace with its targets. He pointed out that the forum represents one of the platforms driven by the Asharqia Chamber to enhance cooperation and communication between relevant entities and commercial pioneers from the region. Additionally, it aims to raise awareness among them about investment opportunities provided by the sector within the current vibrant environment of the national economy across all sectors. Furthermore, it seeks to raise awareness about successful international experiences in addressing sector challenges and deriving appropriate mechanisms from them.
Minister of Industry and Mineral Wealth: We offer more than 70 services and incentives to encourage investment in the industrial sector.
12/02/2024
His Excellency, Minister of Industry and Mineral Wealth, Mr. Bandar bin Ibrahim Al-Kharif, affirmed that the industrial and mining system has worked on building a large number of incentives aimed at supporting the private sector and encouraging investment in the industrial sector, reaching more than 70 services and incentives covering various areas such as financing, training, exports, licenses, and others.
Al-Kharif emphasized, during his meeting with the business sector and industrial community organized by the Asharqia Chamber, the importance of intensifying efforts to support the comprehensive industrial development process witnessed by the Kingdom. He pointed out that the national industrial strategy aims to build an attractive industrial economy for investment, a source of high-tech products, and a contributor to securing global supply chains according to the aspirations and targets of Saudi Vision 2030.
The Minister of Industry and Mineral Wealth pointed out that the relationship between the private sector and the government sector is considered one of the key elements upon which the national industrial strategy was built. He emphasized that the private sector is an essential part of achieving its governance, confirming that the Association of Car Manufacturers and local supply chains recently announced by the ministry aims to provide solutions for the development and growth of the automotive industry in the Kingdom and protect the interests of manufacturers and workers therein.
Al-Kharif emphasized that the ministry has introduced numerous programs and initiatives to support small industrialists, such as the Promising Factories Initiative and initiatives to encourage entrepreneurial thinking, research, and innovation in the industrial field. Additionally, there are initiatives related to infrastructure, incentives for small and medium-sized projects, and programs for implementing the Fourth Industrial Revolution, among others provided by the national industrial strategy.
The extensive meeting organized by the Asharqia Chamber, held today, Sunday, at its headquarters in Dammam, saw the participation of several leaders in the industrial system in the Kingdom, including the President of the Royal Commission for Jubail and Yanbu, His Excellency Engineer Khaled bin Mohammed Al-Salem, and the Deputy Minister of Industry and Mineral Wealth for Industrial Affairs, His Excellency Engineer Khalil bin Ibrahim bin Salma, as well as the CEO of the Saudi Industrial Cities and Technology Zones Authority "MODON," Engineer Majed bin Rafid Al-Arqoubi, and the CEO of the Saudi Export Development Authority, Engineer Abdulrahman bin Suleiman Al-Thakir.
The meeting addressed the review of programs and initiatives of the industrial system within the national industrial strategy, industrial potentials, and investment opportunities emanating from it, as well as its financial programs and initiatives aimed at stimulating industrialists and accelerating the pace of industrial development and diversification in the Kingdom.
The chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, emphasized the importance of the industrial sector as the main driver for increasing non-oil exports in the gross domestic product, capable of attracting foreign investments and creating quality jobs. He pointed out the significant attention given by the state to the industrial sector, placing it on the priority list of the vision, enacting laws, reformulating regulations, launching enhanced programs and initiatives to enhance the Kingdom's exports to global markets, and expanding its range of industrial goods to include a total of 118 industrial items.
Al-Raziza pointed out the successes achieved by the industrial sector, both in terms of quantity, reaching by the end of the first quarter of 2023 (10,819) factories compared to about (6,627) factories by the end of 2019, and in terms of capital, estimated at 1.432 trillion riyals. He mentioned that there is continuous expansion in industrial sector improvements, whether in terms of accessing data or services, which have transformed from a complex process of completing transactions to 85% automated services.
Al-Hamad reviews the development plans for the Commercial Arbitration Center for Gulf Countries.
07/02/2024
Al-Hamad reviews the development plans for the Commercial Arbitration Center for Gulf Countries.
Asharqia Chamber organized its monthly Tuesday meeting for the business sector, which hosted the Secretary-General of the Commercial Arbitration Center for the Gulf Cooperation Council Countries, Dr. Kamal bin Abdullah Al Hamad.
Al Hamad spoke during the meeting held at the Chamber's headquarters on the evening of Tuesday, February 6, 2024, chaired by the Chamber's Secretary-General, Abdulrahman bin Abdullah Al Wabel, about the center's new plans and directions for the upcoming period. He highlighted several developmental measures that the center will undergo aimed at improving the services provided to its target audience, in addition to programs aimed at developing national legal professionals and experts in the sector.
Regarding specialized programs, Al Hamad mentioned that the center offers the International Fellowship Program in Arbitration and the qualification of arbitrators, the first of its kind in the Arab world and regionally. He noted that the program will be implemented with a select group of accredited trainers and lecturers who have the highest academic and professional qualifications in the field of arbitration.
The Secretary-General of the Commercial Arbitration Center stated that the Fellowship Program is an international, comprehensive qualification program accredited by the center, through which the center reflects its role in spreading the culture of arbitration in line with its modern vision and directions. It is characterized by its inclusivity and encompasses multiple stages including self-study, discussion sessions, and workshops rich in information, knowledge, and practical skills necessary for managing international arbitration cases and drafting their awards.
The program includes a set of objectives, the most prominent of which are: understanding the principles and general principles upon which the law is based and the rights in general that the arbitrator needs to perform his task, familiarizing oneself with the legal framework, systems, and procedural rules governing arbitration, developing skills in drafting arbitration clauses, agreements, and awards, in addition to enhancing the concept of arbitration in investment disputes and international contracts.
The program also consists of 8 levels held remotely in the evening over a period of 3 months. Those who successfully complete the program are entitled to an internationally accredited Fellowship certificate issued by the Commercial Arbitration Center for the Gulf Cooperation Council Countries, and they are recognized as affiliates of the center, with the possibility of transferring to the professional program "Arbitration Session Management," which qualifies for inclusion in the center's list of accredited arbitrators.
The 2024 Business Forum "The Future of Business" reviews operating efficiency for project success
07/02/2024
Organized by the Asharqia Chamber with the participation of officials and specialists this February .
The 2024 Business Forum "The Future of Business" reviews operating efficiency for project success
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, stated that the 2024 "Future of Business" Trade Forum, organized by the Chamber under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, the Prince of the Eastern Region, aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, maximize the principle of sustainability in business operations, in addition to raising awareness and educating entrepreneurs.
Al-Raziza explained that the forum, which will be held on Monday, February 19, 2024, with the participation of a number of economic experts and specialists in the commercial field, hosted at the Chamber's headquarters, will address several topics affecting the business process, including: customer behaviour trends and their impact on the future of business, discussing current and expected changes in customer behaviour and their implications for the success and growth of businesses. The importance of competition and sustainability strategies in the success of entrepreneurs will also be discussed, employing competition values and sustainability principles as key strategies for success and excellence. Additionally, operational efficiency for project success will be examined, looking at innovation and creativity and their role in the growth and expansion of establishments.
The forum aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, maximize the principle of sustainability in business operations, in addition to raising awareness and educating entrepreneurs, and highlighting the challenges that hinder business growth, focusing on successful experiences and extracting appropriate mechanisms to overcome these challenges, working within a system for the growth of this vital sector.
Al-Raziza emphasized that the commercial sector continues to achieve accomplishments due to the unlimited support of the wise leadership, noting that the forum will shed light on the challenges facing the commercial sector, studying them and proposing realistic solutions.
The forum aims to enhance cooperation with relevant authorities to develop work mechanisms, in addition to working on finding modern means to attract entrepreneurs to seize the available investment opportunities in various fields.
Minister of Industry and Mineral Wealth to meet with the business sector in the Eastern Province next Sunday.
06/02/2024
Minister of Industry and Mineral Wealth to meet with the business sector in the Eastern Province next Sunday.
His Excellency the Minister of Industry and Mineral Wealth, Mr. Bandar bin Ibrahim Al-Khareef, will meet with the business sector in the Eastern Province as part of an extensive meeting organized by the Asharqia Chamber, next Sunday, February 11, 2024, at its headquarters in Dammam.
The meeting aims to engage in dialogue about the components of the national industrial strategy, industrial potentials, and investment opportunities arising from it, as well as its programs and initiatives aimed at accelerating the pace of industrial development in the Kingdom, diversifying it, and ultimately achieving a flexible, competitive, and sustainable industrial economy driven by the private sector and capable of adapting to changes.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Razizah, emphasized the importance of the visit of His Excellency the Minister of Industry and Mineral Wealth to the business sector in the region, indicating that this meeting serves as a platform for communication and dialogue. He looks forward to the ambitious programs and initiatives proposed by the ministry within the national industrial strategy to result in recommendations and insights that contribute to the national options towards making the Kingdom a leading industrial force. He expressed his thanks and appreciation to His Excellency for his keenness to meet with the business sector to listen to their viewpoints, understand their opinions, and address their needs.
Al-Razizah pointed out that the recent successes achieved by the Kingdom are attributed to governmental support and concerted efforts from all relevant parties, describing the industrial sector's importance as the main driver of non-oil export growth in the GDP, capable of attracting foreign investments and creating quality jobs. He highlighted the state's interest in the industrial sector, placing it on the priority list of its blessed vision, enacting laws, revising regulations, and launching enhanced programs and initiatives to boost the Kingdom's exports to global markets.
Asharqia Chamber is holding a training program aimed at empowering human resources.
05/02/2024
Asharqia Chamber is holding a training program aimed at empowering human resources.
Asharqia Chamber, represented by the Women Empowerment Center, is organizing a training program aimed at empowering human resources entitled 'Achieve Your Ambitions and Create the Future.' The program will take place at the chamber's headquarters.
A team of HR specialists - the training staff - will cover several important topics over three working days starting from Sunday, February 11th, until February 13th, 2024. These topics include personal identity building and writing professional resumes.
The program aims to provide support and guidance to job seekers by offering a series of workshops and professional guidance from specialists, helping them pass job interviews, showcase necessary skills, and market their resumes effectively.
The program, targeting all female graduates and university students seeking employment, discusses key skills to succeed in job interviews through simulated interviews. Additionally, it provides consultations on resume writing and essential steps to take in the initial days of employment.
Asharqia Chamber invites all interested individuals to register for the program, which will run from 9:00 AM to 2:00 PM. Participants will have the opportunity to benefit from the experience and expertise of the program facilitators. It's required for applicants to be Saudi nationals, hold a high school diploma or above, and be actively seeking job opportunities.
A meeting to review enhancing protection against behavioral violations in the workplace environment at private sector establishments in the Asharqia Chamber.
04/02/2024
A meeting to review enhancing protection against behavioral violations in the workplace environment at private sector establishments in the Asharqia Chamber.
Asharqia Chamber, represented by the Women's Empowerment Center, organized a meeting where Mohammed Al-Zuwaid, Assistant Director of the Monitoring Department at the Eastern Region branch of the Ministry of Human Resources and Social Development, discussed ways to enhance protection against behavioral violations in the workplace environment at private sector establishments. The meeting took place at the main headquarters of the Chamber.
During the meeting, held on the evening of Wednesday, January 31, 2024, Al-Zuwaid emphasized the Ministry of Human Resources and Social Development's efforts to promote the creation of a safe working environment in private sector establishments characterized by respect for everyone's individuality, dignity, and personal freedom, as guaranteed by Islamic Sharia law and regulations. He mentioned that guidelines for protection against behavioural violations in the workplace have been adopted. These guidelines encompass all forms of misconduct perpetrated by one party against another, including exploitation, threats, harassment, extortion, enticement, quarrelling, verbal abuse, denigration, insinuation of impropriety, deliberate seclusion with the opposite sex, or any form of discrimination based on gender or any other factor. These behaviours are intended, lead to, or may result in causing verbal, physical, psychological, sexual, or economic harm to the other party.
Regarding the forms of behavioural aggressions in the work environment, Al-Zuwaid said that they include quarrelling with colleagues, or with others, or assaulting co-workers verbally, or by pointing, or using electronic means of communication by cursing, insulting, or assaulting or physically harming co-workers or others. In addition to physical or verbal assault, by any means of electronic communication, against the employer, the responsible manager, or one of the superiors during or because of work, harassment, and all forms of exploitation, blackmail, temptation, threat, assistance, or covering up the abuse.
He pointed out cases where punishment is required if the establishment does not commit to taking legal measures, including: failure to announce the controls for protection against behavioral violations by any means that guarantees those subject to them their provisions and their acknowledgment of knowledge and commitment, and the establishment not forming a committee to investigate if behavioral violations occur in the work environment, or not The facility investigates and recommends imposing a disciplinary penalty on the person proven guilty within five working days of receiving the complaint or report, or the facility does not impose the disciplinary penalty on the aggressor worker in the case of behavioural transgressions in the work environment after the committee's recommendation on the person proven guilty within thirty days from the date of Proof of conviction.
Asharqia Chamber holds a workshop titled "Success through Building Personal Identity" as part of the Leadership Initiative.
04/02/2024
Asharqia Chamber holds a workshop titled "Success through Building Personal Identity" as part of the Leadership Initiative.
Asharqia Chamber, represented by the Women's Empowerment Center, held a workshop as part of the Leadership Initiative titled "Success through Building Personal Identity," targeting female leaders and entrepreneurs.
The workshop, held on Tuesday evening, witnessed the participation of 20 trainees. The session was facilitated by an expert in human resource development and the CEO of Unleashed, a company specializing in personal identity building, Susan Riyadh. She discussed the process of building personal identity and achieving success, along with communication skills, relationship building, self-promotion through social media platforms, and the impact of personal identity on professional success. The workshop also included interactive exercises and group discussions to enhance learning.
The workshop aims to highlight the importance of personal identity in enhancing moral values and attracting interested parties, thereby creating a positive perception of the project among clients and increasing interest in its products. Personal identity is seen as the process of building a genuine identity or distinctive value within the scope of work.
The initiative works on attracting a group of women with the aim of training them, followed by guidance and mentoring in their professional fields. It involves monitoring their tasks and progress to ensure their advancement in professional fields and leadership positions, thereby increasing women's representation in forums and conferences. This effort by the Women's Empowerment Center aims to enhance women's participation and maximize their contribution to economic development.
Given the importance of supporting women in developing communication mechanisms with the business community, facing challenges, and enabling them to take leadership positions in various fields, the initiative focuses on empowering women to address challenges and take effective action. It also aims to focus on the major challenges facing women in decision-making positions and to explore and discuss new and effective mechanisms to enhance their ability to make decisions and participate effectively.
The Governor of the General Authority for Small and Medium Enterprises as a key speaker at the 2024 "Future of Business" Trade Forum.
04/02/2024
The Governor of the General Authority for Small and Medium Enterprises as a key speaker at the 2024 "Future of Business" Trade Forum.
Sami bin Ibrahim Al-Husseini, the Governor of the General Authority for Small and Medium Enterprises "Monshaat", will participate as a keynote speaker at the 2024 "Future of Business" Trade Forum organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud on Monday, February 19, 2024. The event will be hosted at the headquarters of the Chamber.
Hani bin Hassan Al-Afaleq, the Chairman of the Chamber's Commercial Committee, stated that the participation of the Governor confirms the important role played by the national economy and reflects the significant support provided to the commercial sector in the Kingdom by the wise leadership, represented by supporting entrepreneurs, so they can continue what the first generation of businesses has established and reached international levels.
Al-Afaleq also emphasized that with the rapid technological advancement in the world, it has become imperative for us to keep pace with these advancements in order to preserve and continuously develop our national economy, achieving advanced ranks among nations. He stressed the importance of keeping up with ongoing updates to ensure that we stay at the forefront and do not lag behind others, thus ensuring a constantly flourishing economy. This can be achieved by utilizing modern means and learning from successful real-life experiences.
Al-Afaleq pointed out that the forum witnesses the participation of an elite group of officials and experts who will speak under the theme of the forum, "Future of Business," sharing their experiences with the audience for mutual benefit and discussion. He highlighted that all successful experiences have only been achieved through trial, repetition, and learning from the advice of successful individuals within and outside the Kingdom.
The forum aims to enhance cooperation with relevant entities contributing to addressing challenges and working on finding modern means to attract entrepreneurs to seize investment opportunities available in various fields. It also sheds light on factors affecting business operations, such as customer behavior trends and their impact on the future of businesses. The forum discusses current and anticipated changes in customer behavior and their implications for business success and growth.
Additionally, it emphasizes the importance of competition and sustainability strategies in the success of entrepreneurs. It employs competition values and sustainability principles as key strategies for success and excellence. Furthermore, operational efficiency is highlighted for project success through innovation and creativity and their roles in the growth and expansion of enterprises.
Moreover, the forum aims to strengthen the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, maximize the principle of sustainability in business operations, raise awareness and educate entrepreneurs, and highlight the challenges hindering business growth. It focuses on successful experiences and extracts appropriate mechanisms to overcome these challenges, all within a system aimed at the growth of this vital sector.
Al-Afaleq extended an invitation to businessmen and businesswomen, as well as young entrepreneurs, to participate in the forum and benefit from successful experiences and scientific and technical presentations offered by participants. Through workshops and discussions, participants will review suitable mechanisms for development through innovation and creativity.
Workshop to Review the Impact of Marketing on Small Projects at the Asharqia Chamber
25/01/2024
Workshop to Review the Impact of Marketing on Small Projects at the Asharqia Chamber
Thamer Haddad, Business Development Advisor, stated that the concept of marketing as an individual approach originated as a task driven by production and marketing products to potential buyers. However, as a collective and general approach, it has become centered on multiple segments and addressing them collectively. With the advancement of science, marketing has become more specialized and focused on categorizing customers and determining their personalities to understand their needs, desires, motivations, and purchasing habits, especially when discussing the customization of desires and interests.
During a virtual workshop organized by the AsharqiaChamber represented by the Women's Empowerment Center on Tuesday evening, titled "The Impact of Marketing on Small Projects," Haddad explained that marketing operations require talent and creativity along with learning techniques to influence and simulate the customer, persuading them and satisfying their desires, and managing their demands more effectively. The concept of marketing seeks to identify the desires and needs of the audience to study the gaps between the current reality for customers and the desired future we aspire to reach. Marketing encompasses identifying the target market, the scope of targeted customers, raising awareness about the product and service market, promoting them, building profitable and sustainable relationships with customers, and maintaining vitality and effectiveness.
Haddad emphasized the importance of marketing research, which focuses on identifying potential markets, analyzing competitors, fully understanding the target market, identifying customer segments, meeting their needs and desires, determining the products and services to be offered, setting the appropriate price, determining the competitive advantages to be provided, and how to deliver value through promotional methods.
Haddad also mentioned the use of digital platforms to support marketing plans, leading to artificial intelligence solutions developed to support shopping-related tasks. He highlighted content marketing, which is considered the most impactful as it focuses on creating tailored content to provide value to the customer and target audience, distributing content through posts, blogs, videos, high-quality images, accompanying text, and articles that help customers in their purchasing decisions, all done online.
Another marketing approach he discussed is personal marketing, which distinguishes individuals in their field and differentiates between the services and products offered to create a unique and personalized experience for each customer.
The Royal Commission for Jubail and Yanbu reviews investment opportunities and criteria in the Central Entertainment Hub project
25/01/2024
More than 40 investment opportunities for the business sector in the Asharqia Chamber
The Royal Commission for Jubail and Yanbu reviews investment opportunities and criteria in the Central Entertainment Hub project,
On Thursday, January 25th, the Royal Commission for Jubail and Yanbu presented commercial investment opportunities in Jubail City before the business sector at the Eastern Province Chamber of Commerce. They highlighted the facilities and investment incentives provided to investors, in addition to explaining their mechanisms and criteria for initiating investment in the city.
The commission showcased over 40 investment opportunities related to the Central Entertainment Hub project in the Buffer Zone. This vast area is designated for entertainment on the outskirts of the industrial city of Jubail to become a bustling area and a destination for leisure. It includes golf courses spanning 113 hectares, grandstands for celebrations and events covering 63 hectares, an equestrian club on 107 hectares, a car racing track on 14 hectares, as well as a hotel zone spanning 9 hectares, and other multi-purpose projects.
Over the past two years, the Commission has embarked on implementing the Economic Center project for the Industrial City of Jubail, which is one of its initiatives in developing the national industry and logistical services, and one of the prominent programs in achieving the Kingdom's Vision 2030.
During the meeting, speakers highlighted 7 investment incentives in the city, including its strategic location on the coast of the Arabian Gulf and its proximity to four Gulf capitals. They also emphasized its world-class infrastructure and the incentives it offers related to postponing the rental value for up to five years from the allocation date. Additionally, they mentioned the advantages of escalating rent for facilities, long-term agreements for projects with a special nature, and the exemption period that may extend to two years of the rental value with the approval of the authority. Furthermore, in case the investor adheres to the schedule during the allocation period, the initial authority is granted to the investor for renewing the agreement as a facility upon the expiration of the contract period.
The speakers outlined three pathways followed by the Commission for investment in the city. The process begins with announcing opportunities in newspapers, media channels, and available platforms after completing all technical aspects. Then, they proceed to attract distinguished investors, searching for outstanding investors and globally qualified brands in their respective investment fields, contacting them, and attracting them to invest in the city. Finally, there is a direct allocation stage for investors from government entities, non-profit organizations providing exclusive services, and companies operating in the city.
In addition to the basic requirements such as registration, social insurance certificate, chamber membership, and others, the speakers identified about seven criteria used to select investors, including:
Performance of the investor in similar projects.
Bidding price.
Concepts from the master plan and preliminary visions.
Number of years of experience in the same field.
Global, regional, or local presence, or presence in the city for those without similar branches for the opportunity.
Added value, either through a new idea not conflicting with the opportunity, adding a brand name, or adding a brand name with a new idea.
The speakers at the meeting included Manaa bin Yahya Al Mansour, Director of Commercial and Residential Investment Management, Fahad bin Fahad Al Hajri, Director of Property Services Management, Ahmed bin Saleh Al Duhaim, Director of Urban Planning Management, and Abdullah bin Jabr Al Dosari, Acting Director of Project Management.
The 2024 Business Forum, "The Future of Business," will explore the role of innovation and creativity in the growth and expansion of enterprises.
24/01/2024
The 2024 Business Forum, "The Future of Business," will explore the role of innovation and creativity in the growth and expansion of enterprises.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, affirmed that the Kingdom's economy continues to achieve significant accomplishments, propelled by the unlimited support it receives from the wise leadership. He noted that the national economy has witnessed numerous initiatives that have greatly contributed to its prosperity, elevating its status to a high and distinctive position in the global economy. These initiatives have also helped shield it from any anticipated crises.
Al-Ruzaiza stated that the 2024 Business Forum, "The Future of Business," organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz Al Saud on Monday, February 19, 2024, at the Chamber's headquarters, will reflect these developments in the national economy. The forum will feature a select group of officials and experts discussing the national trends to support economic and trade sectors. He highlighted that the forum aims to enhance cooperation with relevant entities contributing to addressing challenges and finding modern means to attract entrepreneurs to seize investment opportunities in various fields.
Participants will also review several topics designed to shed light on what affects the business process, including: customer behavior trends and their impact on the future of business, where the changes occurring and expected in customer behavior and their implications for business success and growth are discussed, and the importance of competition and sustainability strategies in the success of the entrepreneur, through which the Competition values and the principle of sustainability as main strategies for success and excellence, in addition to operating efficiency for the success of projects, given innovation and creativity and their role in the growth and expansion of enterprises. It also aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, and maximize the principle of sustainability in business. In addition to raising awareness and educating entrepreneurs.
Al-Raziza explained that the commercial sector represents an important pillar in the national economy, and is the main engine of economic development in countries that seek to develop and expand the circle of commercial activity by all means that contribute to supporting and facilitating the commercial movement and developing and sustaining its projects. It also continues to shed light on the challenges that limit it. From the growth of commercial activity, focusing on successful experiences, and extracting appropriate mechanisms to overcome these challenges, which work within a system for the growth of this vital sector.
Al-Raziza called on businessmen, women, and young businessmen to participate in the forum and benefit from the successful experiences and scientific and technical theses that the participants will present, as they review, through working papers, the appropriate mechanisms for achieving development through innovation, creativity, and methods of reducing costs and raising financial efficiency.
Asharqia Chamber organizes the events of the "Commercial Forum 2024.. The Future of Business" next February.
16/01/2024
Asharqia Chamber is organizing the “Business Forum 2024...The Future of Business” activities next February
Emphasizing the importance of sustainability in business, the Eastern Chamber, represented by the Commercial Committee, is organizing (Business Forum 2024...The Future of Business), which is sponsored by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Emir of the Eastern Province, on February 19, 2024 AD.
The forum aims to enhance the role of the private sector as a key partner in the national economy, and to introduce the pioneers of the commercial sector to the foundations and mechanisms of investment in a range of national projects undertaken by the country, and to provide a forward-looking reading about the commercial sector in the Kingdom in general, and in the Eastern Province in particular, as well as shedding light. On the latest regulatory and procedural developments in the sector, and the investment opportunities available in it.
The head of the Asharqia Chamber Commercial Committee, Hani bin Hassan Al-Afaleq, said that the forum comes at a time when the commercial sector is witnessing a major transformation, whether with regard to improving the business environment and facilitating the business journey, or with regard to the significant growth in the number of businesses. According to the Ministry of Commerce, the total number of existing commercial registrations reached more than 1,350,000 commercial registrations in the Kingdom, pointing out the importance of the sector as the lifeblood of countries’ economies and the true indicator of growth.
Al-Afaleq stressed that the forum, through the participants and the papers presented in it, will address national trends to support the economic and commercial sectors, the future vision of the sector and how to keep up with its goals. He pointed out that the forum represents one of the platforms that the Asharqia Chamber is pushing for in order to enhance ways of cooperation and communication between the relevant authorities and pioneers. Commercial work among the people of the region, in addition to raising their awareness of the investment opportunities provided by the sector in light of the current dynamic environment that the national economy is experiencing in all sectors, as well as raising awareness of successful international experiences in addressing the challenges of the sector and extracting appropriate mechanisms from them.
Al-Afaliq pointed out that the Kingdom now has a strong and growing economy in all sectors, the most important of which is the commercial sector, whose circle of activities has grown, saying: This growth is linked to the state of economic mobility and the various projects that the country is witnessing, and the unlimited support of the wise leadership, which has been most effective. The impact on protecting the national economy from global crises.
2844 beneficiaries benefited from the services of the Women's Empowerment Center at Asharqia Chamber in 2023.
02/01/2024
2844 beneficiaries benefited from the services of the Women's Empowerment Center at Asharqia Chamber in 2023.
In continuation of the efforts to enhance the role of Saudi women in the economic movement, and in line with the goals of Vision 2030, and in leveraging their capabilities to contribute to the support of the national economy, the Women's Empowerment Center at the Asharqia Chamber kept pace with the economic momentum witnessed in the region during the past year 2023. This was achieved by organizing various specialized events and diverse activities that actively involved Saudi women, reaffirming the empowerment of businesswomen and entrepreneurs as partners in the economic development of the Eastern Province.
The center's work program witnessed significant engagement, with 2844 beneficiaries interacting with the center's services. To benefit from specialized and general meetings and lectures, 58 individuals expressed interest in enhancing their skills and updating their knowledge. In support of the center's mission to contribute to the awareness of Chamber members, the center distributed 251 circulars targeting a larger participation of businesswomen in national initiatives. Additionally, the center broadcasted 199 informational and advisory services, provided 5 publications including guides and specialized reports, and organized 14 meetings for Asharqia Chamber's Toastmasters Club for Women.
As part of the plans to develop and activate the economic role of the business sector in the region, and to overcome the challenges and difficulties facing women in their role as active partners in economic development, the Women's Empowerment Center, through the Businesswomen's Council, organized 42 meetings discussing the updates and challenges faced by businesswomen. The center worked on proposing suitable solutions and presenting them to experts and officials in the region. Additionally, it initiated 31 initiatives aimed at empowering leadership, conducted 25 visits to relevant entities, and organized 22 meetings and programs discussing challenges in the field of enterprises and women's centers.
Targeting the support and enhancement of women's empowerment paths, increasing partnerships, and solidifying their presence, and confirming the interaction of businesswomen with the center, several events organized by the chamber in 2023 recorded significant attendance and participation from women. This included the annual reception ceremony of the chamber, which concluded its 2023 activities with the presence of 60 women, and a celebration organized in conjunction with International Women's Day attended by 80 women and 20 community participants.
The Women's Empowerment Center at the Asharqia Chamber aims to highlight female leaders and experienced individuals in the Eastern region, contributing to raising the awareness of businesswomen on economic aspects. The center seeks to create a nurturing environment serving entrepreneurs and businesswomen, activate women's participation in the labor market, and achieve one of the goals of Vision 2030. It also supports the involvement of women in local and international forums in the Eastern Province.
Among its responsibilities is to monitor and analyze national indicators, economic changes, decisions, and policies affecting women's participation in development. The center provides information related to the procedures for businesswomen to engage in economic activities, fosters relationships between businesswomen in the Eastern Province and those in different regions, and offers consultations to support women's projects. Furthermore, it works to enhance the competitiveness of women in the job market.
The center also focuses on introducing business opportunities available to businesswomen, encouraging female investments in various fields, and promoting the role of businesswomen in economic development. It emphasizes highlighting the role of women and their participation in economic activities.
Additionally, the center is committed to forming partnerships with relevant entities to empower women economically. It works on establishing committees and councils for chamber members to advocate for their interests and contributes to enhancing the efficiency of female leadership and workforce in the Eastern Province. The center organizes specialized programs for the qualification, development, and encouragement of female investments. It conducts lectures, workshops, hosts officials, and arranges regular meetings for female investors.
The success of a project is linked to several elements, with the strength of the entrepreneur being a leading factor.
27/12/2023
The success of a project is linked to several elements, with the strength of the entrepreneur being a leading factor.
The founder and CEO of Al-Lamea Trading and Industry Company, Dr. Musfir bin Muthaib Al-Malki, emphasized that the field of entrepreneurship is often linked to the strength of the entrepreneur and the project. Al-Malki explained during a meeting organized by the Eastern Chamber's business incubator on the evening of Tuesday, December 26, 2023, under the title "Success Factors in Your Small Project," that the strength of the entrepreneur is connected to several elements, including personal strength, charisma, experience, knowledge, wealth, the power of legal position, rewards, and problem-solving.
He pointed out that the strength of the project is also linked to other factors such as defining tasks, drawing a roadmap for the project, specializing in a product or service that contributes to cost reduction and achieving differentiation among competitors. Additionally, he emphasized the importance of clearly identifying the target customer in terms of age, geographic location, needs, and behaviors, and delving into the finer details of what the entrepreneur offers.
Al-Malki highlighted the 20-80 strategy and its impact on business operations, where the entrepreneur focuses on performing 80% of the core work and 20% of tasks in other areas to foster collaboration among employees. He stressed the importance of building distinctive relationships with suppliers to enhance the project's positive reputation and turn them into advocates for the project's activities. Maintaining good relations with competitors also helps in the continuity of work.
Furthermore, Al-Malki stated that the strength of the project increases when the entrepreneur delves into all the details, emphasizing the need for defending the project, as leniency weakens it in the eyes of employees, customers, and service providers. He cautioned against associating the project's name with controversial issues, as the project is considered a separate legal entity from its owner, and interactions should be cautious.
Regarding the selection of the company's name, logo, and colors, Al-Malki stressed the need to choose them carefully to align with the aspirations of the target audience and attract them, in addition to ensuring compatibility with the legal framework in the country of the project.
Experts discuss "Competition and Sustainability" at the Eastern Trade Forum 2024
26/12/2023
Experts discuss "Competition and Sustainability" at the Eastern Trade Forum 2024
Experts and specialists in the business sector will participate in the 2024 Business Forum organized by the Ashraqia Chamber of Commerce under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on Monday, February 19, 2024.
The specialists will discuss several topics that shed light on factors affecting the business process, including customer behavior variables and their impact on business success. They will also explore the characteristics of successful entrepreneurs, considering competition and sustainability as two key strategies for success and excellence. Additionally, the forum will address operational efficiency for project success, considering innovation and creativity and their roles in the growth and expansion of establishments.
Badr bin Suleiman Al-Ruzzaiza, the President of the Asharqia Chamber of Commerce, emphasized that the commercial sector is a crucial pillar in the national economy, serving as the main driver for economic development in the country. He highlighted the sector's role in developing and expanding commercial activities through various means that support and facilitate trade movements, project development, and sustainability. The forum will continue to highlight challenges hindering trade growth and focus on successful experiences and appropriate mechanisms to overcome these challenges.
Al-Ruzzaiza explained that the forum aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, maximize the principle of sustainability in business, and raise awareness and educate entrepreneurs.
He pointed out that the economic and commercial sector aspires to more initiatives as it faces renewed challenges that impact its activities and achievements. In this context, the forum plays a crucial role, bringing together officials and specialists to provide suitable strategies for development through innovation, creativity, and methods to reduce costs and enhance financial efficiency.
Al-Ruzzaiza stated that the economic sector has achieved significant accomplishments in recent years, thanks to the unlimited support from the wise leadership, manifested in initiatives and decisions that mitigated the impact of global crises on the world economy and protected the local economy from the obstacles of those crises.
He added that the forum, through participating experts, will address national trends to support economic and commercial sectors. The forum aims to strengthen collaboration with relevant entities contributing to addressing challenges and finding modern means to attract entrepreneurs to seize available investment opportunities in various fields.
269 interested individuals benefited from the Eastern Pioneers Initiative
19/12/2023
269 interested individuals benefited from the Eastern Pioneers Initiative
Asharqia Chamber, represented by the Women Empowerment Center, concluded the Eastern Pioneers Initiative for the year 2023. The initiative contributes to guiding initiatives, aspiring investors, and small project owners to manage their businesses based on modern operational, technical, and managerial foundations.
The initiative aims to enhance the competitiveness of women entrepreneurs' establishments by addressing challenges and ways to overcome them. The center conducted 7 workshops, 5 specialized lectures, and 4 advisory meetings in the cities of Dammam, Al-Qatif, Al-Jubail, and Al-Khobar.
A total of 269 interested individuals benefited from the initiative's programs, discussing various topics related to challenges faced by entrepreneurs, including project development, mechanisms for identifying target markets, project development between science and art, and the importance of customer service to increase sales.
The initiative also covered topics such as customer and target market analysis, expanding the brand, starting a new project in various sectors, the importance of e-commerce in supporting sales, and improving the customer experience.
The initiative aimed to enrich the young business sector with essential steps needed when establishing a private project. The local market is abundant with successful business experiences that have managed to continue and grow due to their commitment to development and addressing challenges. The initiative emphasized the importance of continuing this successful model by enabling youth to benefit from positive steps, overcome challenges, and embrace development as a fundamental principle to ensure the growth and success of small businesses.
The initiative successfully reached a large number of its target audience by hosting specialists in the field of projects, who shared their experiences with entrepreneurs to help them achieve their goals and enrich the local market with new products and methods that elevate its outputs.
Prince Saud bin Nayef sponsors the Eastern Commercial Forum 2024
19/12/2023
Prince Saud bin Nayef sponsors the Eastern Commercial Forum 2024
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, is sponsoring the events of the Eastern Commercial Forum 2024, organized by the Asharqia Chamber on Monday, February 19, 2024. The forum will feature the participation of several economic experts and specialists in the commercial field.
The Chairman of the Chamber's Board of Directors, Badr bin Suleiman Al-Ruzzaiza, expressed gratitude for His Highness's sponsorship, emphasizing that such sponsorship is a significant supporter of the activities and events organized by the Chamber to align with the aspirations of its participants. The goal is to promote the development of economic sectors in the region in accordance with the Kingdom's Vision 2030.
Al-Ruzzaiza explained that the forum aims to enhance the role of the private sector as a partner in the national economy, develop the foundations of investment in national projects, maximize the principle of sustainability in business, and raise awareness and educate entrepreneurs.
He stated that the economic sector has achieved significant accomplishments in recent years due to the unlimited support from the wise leadership, represented by initiatives and decisions that have managed to alleviate the impact of global crises on the world economy and protect the local economy from the obstacles posed by such crises.
Al-Ruzzaiza pointed out that the commercial and economic sector aspires to more initiatives as it faces renewed challenges that affect its activity and achievements. This is where the role of the forum comes in, where officials and specialists participate, offering suitable mechanisms for development through innovation, creativity, cost reduction methods, and improving financial efficiency.
He further noted that the forum, through the participating experts, will address national trends to support economic and commercial sectors. The forum aims to strengthen cooperation with relevant authorities that contribute to addressing some challenges and finding modern means to attract entrepreneurs, both male and female, to seize the investment opportunities available in various fields
Asharqia Chamber provides specialized consultations to entrepreneurs in Khafji
17/12/2023
Asharqia Chamber provides specialized consultations to entrepreneurs in Khafji
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented a specialized consultation program directed at entrepreneurs in Al-Khafji Governorate.
The program, which was implemented remotely on Wednesday, December 13, 2023 via the Zoom platform, witnessed a remarkable turnout from the pioneers who presented their inquiries and the challenges they face to the specialists in the program, as they presented to them a number of suggestions, advice and guidance to develop their business and overcome any obstacles they may face in the future, in addition to a road map aimed at To improve the services provided to the target group.
It is noteworthy that the program targets those wishing to start their own projects and owners of small and medium enterprises, as the program’s staff of specialists in this type of projects provides a package of practical advice aimed at developing their businesses and projects.
The program is part of a number of activities and efforts implemented by the Chamber to care for, support and develop small and medium enterprises, including seminars, lectures and training courses, as well as free specialized advisory sessions.
The Prince of the Eastern Province inaugurates the annual reception ceremony at the Asharqia Chamber
13/12/2023
The Prince of the Eastern Province inaugurates the annual reception ceremony at the Asharqia Chamber
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, sponsored the annual reception ceremony held by the Asharqia Chamber on the evening of Tuesday, December 12, 2023. The event witnessed a large attendance of economic entrepreneurs, company representatives, Arab and foreign consulates, as well as senior representatives of governmental institutions in the region.
The Prince Saud bin Nayef honored companies, institutions, and businesspeople supporting the Events Fund during the ceremony. He also recognized the main sponsors of the event and interacted with businessmen and businesswomen inside the venue.
The ceremony, organized by the chamber, aimed to strengthen its relations in the economic sector, affirm its role and mission in serving the business community, and deepen the bonds and relationships among economic entrepreneurs. The event drew notable attendance from businessmen, senior representatives of companies, institutions, and diplomatic missions, both Arab and foreign.
Badr bin Suleiman Al-Rajizaa, the Chairman of the Asharqia Chamber's Board of Directors, expressed gratitude to Prince Saud bin Nayef for sponsoring and attending the ceremony. He emphasized His Royal Highness's commitment to supporting the business sector in the region to enhance its contributions to the ongoing economic growth in the Kingdom and the region.
Al-Rajizaa highlighted the significance of the ceremony as an annual platform for communication and gathering for businessmen and businesswomen in the Eastern Province. He stressed its importance as a yearly meeting point for business leaders with key officials and directors of governmental entities, fostering communication between the business sector and the region's government officials.
The Chairman mentioned that the ceremony brought together business leaders, government officials, interested parties, prominent academics, as well as experienced economic figures from the region. During the event, participants exchanged ideas that promote economic growth across various sectors. The ceremony also aimed to enhance the active participation of the private sector in the national economic journey, diversifying its foundations, and optimizing the utilization of available resources.
Al-Rajizaa noted that the ceremony included the honoring of companies, institutions, and businesspeople supporting the Events Fund, a significant national initiative undertaken by the Asharqia Chamber within the framework of its social responsibility. The Chamber expressed its commitment to leadership, excellence, and active contribution to the economic and social development of the Eastern Province.
Asharqia Chamber is hosting its annual reception ceremony today for businessmen and businesswomen
11/12/2023
Asharqia Chamber is hosting its annual reception ceremony today for businessmen and businesswomen
Under the patronage and in the presence of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, the Asharqia Chamber is hosting its annual reception ceremony for businessmen and businesswomen tonight, December 12, 2023. The event is taking place at the Dhahran International Exhibition Center (Expo).
The annual reception ceremony, organized by the Chamber every year, is the largest gathering for the business sector in the Eastern Province. It witnesses a significant presence of economic entrepreneurs, company representatives, government agencies, diplomatic missions, and senior representatives of official government institutions in the region. It serves as a productive meeting point for businessmen and businesswomen, contributing to further development and growth in the business sector in the Kingdom.
Badr bin Suleiman Al-Ruzaiza, the Chairaman of the Asharqia Chamber, stated that the event aims to strengthen the bonds and relationships among economic entrepreneurs. It holds particular significance as an annual forum that facilitates communication between the business sector and senior officials and directors of government agencies in the region.
Badr bin Suleiman Al-Ruzaiza highlighted that the ceremony will include honoring companies, institutions, and businessmen who support the "Celebrations Fund." Since its establishment in 2003, the fund has reflected the spirit of giving and support among businessmen and businesswomen. It has played a significant role in organizing various events, new programs, and diverse activities that contribute to national celebrations. Al-Ruzaiza emphasized that with the launch of the Vision 2030 and the efforts to achieve its goals, the fund has evolved its activities, tools, and execution mechanisms to align with the vision and its aspirations.
The Celebrations Fund is considered one of the most important national initiatives adopted by the Asharqia Chamber. It falls within its social responsibility framework, demonstrating its commitment to leadership, excellence, and active contribution to the economic and social development of the Eastern Province. The fund underscores the importance of establishing an institutional framework to regulate the process, enhance its effectiveness in serving the community, and achieve the desired results from this support. The fund's vision focuses on excellence in community development through mobilizing the efforts of businessmen, unifying their directions, and providing the necessary funding for social and humanitarian programs, events, and celebrations in the Eastern Province. This aims to strengthen the spirit of cooperation and solidarity among all members of society, enhancing the reputation and status of the Eastern Province.
The Oversight of Cosmetic Products" is the title of the extended meeting for the sector of beauty salons and women's grooming centers
11/12/2023
The Oversight of Cosmetic Products" is the title of the extended meeting for the sector of beauty salons and women's grooming centers
Asharqia Chamber, represented by the Committee for Beauty Salons and Women's Grooming Centers, organized an extended meeting titled "The Oversight of Cosmetic Products." The meeting hosted Abeer Al-Nasser, a senior expert in control and warnings at the General Authority for Food and Drug.
Al-Nasser stated that a cosmetic product is a product intended for use on external parts of the human body, including the skin, hair, nails, lips, teeth, or the oral cavity, for the purposes of cleaning, perfuming, protection, or changing their appearance and enhancing it, or for changing the body's odor and improving it. Products used inside the ear and eye are excluded from this definition. She emphasized that the product list is the main reference adopted for cosmetic products circulated in the market. The list includes definitions of cosmetic products, general requirements for labeling information, prohibited and restricted substances, colors, and preservatives.
Regarding the list of prohibited substances, Al-Nasser mentioned during the meeting held on the evening of Wednesday, November 29, 2023, and moderated by the committee's chair, Sha'a Al-Duhailan, that prohibited substances are those that are not allowed to be used in the manufacture of cosmetic products at all. These are specified in the technical regulations approved by the authority. She also highlighted another list that restricts uses to specific proportions. These are substances that cannot be used in the manufacture of cosmetic products except in accordance with the restrictions specified in the technical regulations approved by the authority.
Regarding the role of the authority after the marketing of cosmetic products, she affirmed that the authority deals with reports of side effects received from various segments of society. It also conducts inspection campaigns and market surveys to verify the conformity and safety of circulated products. Additionally, it warns consumers against using unsafe products. She highlighted common practices and mistakes, such as the improper use of hair straightening products or dyes, the failure to test sensitivity to hair dyes and henna, the use of mixtures with unknown sources and ingredients, and finally, the sharing of cosmetic products.
Al-Nasser concluded the meeting by offering several tips, including being cautious about using personal tools or single-use products to avoid infectious diseases. She emphasized the importance of washing and sterilizing all tools used before and after each use through necessary sanitization methods. She advised against using products of unknown origin or mixtures and urged reporting them to the authority if noticed. Furthermore, she emphasized the importance of conducting sensitivity tests for certain products before use, such as hair dyes and straightening products. She also recommended using products suitable for children and avoiding the use of adult products for children, as they may pose risks and dangers to young children.
Asharqia Chamber organizes a "Sports Investment" meeting with the participation of officials and experts.
11/12/2023
Asharqia Chamber organizes a "Sports Investment" meeting with the participation of officials and experts.
Asharqia Chamber, represented by the Businesswomen Council, organized a "Sports Investment" meeting attended by officials and investors in the sports sector. The meeting took place at the main headquarters of the Chamber.
Council member Agareed bint Ehsan Abduljawad highlighted that the sports industry is a crucial contributor to increasing a country's revenues and is one of the most economically and socially beneficial tools. Therefore, in line with Vision 2030, the sports sector has been recognized as a key economic sector. Efforts have been made to promote sports activities and expand investment in this sector. Creating the necessary environment to support and introduce new options is essential to enhance the sports investment program, encouraging entrepreneurs and facility owners to invest in this promising sector.
During the meeting held on the evening of Tuesday, December 5, 2023, Abduljawad explained that the Kingdom has witnessed a significant increase in sports investment recently, supported and prioritized by the Custodian of the Two Holy Mosques and the Crown Prince. This support is within the framework of Vision programs and goals. Various infrastructure projects have been initiated, positively impacting the development of a sports sector that stimulates investment. This strategic approach aims to position the Kingdom as a significant player in the regional and global sports economy.
She noted that the sports sector, with the consecutive growth in various sectors of the national economy, is now rich in investment opportunities. There is a noticeable trend among businesses to invest in this sector, requiring encouragement, support, and broader knowledge of the diverse investment opportunities in this growing field.
On his part, the General Investment Director at the Ministry of Sports, Engineer Mansour Al-Muqbil, pointed out that Saudi Vision 2030 has set ambitious targets for the sports sector in the Kingdom. This includes enhancing sports activities in society, achieving excellence in various sports regionally and internationally, as well as hosting numerous diverse global sports events. These efforts contribute to the growth and prosperity of the economy. Al-Muqbil explained that the Ministry of Sports is working on various initiatives to promote sports investment, build more partnerships between the public and private sectors, and provide special incentives for private sector investors. He emphasized that the Eastern Region is rich with favorable investment opportunities for sports investors, facilitated by optimal access to these opportunities.
In addition, Abdulaziz Al-Shammary, the Director General of Compliance and Director General of Environmental Health at the Eastern Region Municipality, mentioned that the Eastern Region possesses significant potential for growth in sports activities. The region has a large number of youth interested in sports and a geographic location suitable for hosting various international sports tournaments. Al-Shammary highlighted that investing in sports activities contributes to achieving several goals, including promoting public health by playing a vital role in preventing chronic diseases, improving mood, and boosting self-confidence. Sports also aim to build the community by fostering collaboration and a sports spirit among individuals. Furthermore, sports contribute to economic development by attracting tourism and creating job opportunities.
The meeting witnessed the participation of successful investors who have achieved accomplishments in various sports sectors.
The Chairman of Asharqia Chamber: The budget confirms the government's determination to enhance growth levels by continuing expansionary spending policies.
11/12/2023
The Chairman of Asharqia Chamber: The budget confirms the government's determination to enhance growth levels by continuing expansionary spending policies.
The Chairman of the Asharqia Chamber of Commerce, Badr bin Suleiman Al-Rajhi, stated that the annual budget is a budget of "support and empowerment," confirming the solidity of the fundamental data through which the national economy operates. He emphasized that the journey of diversification continues through supportive policies for all economic sectors. The budget demonstrates the government's determination to enhance economic growth by continuing expansionary spending policies. This is in accordance with more controlled measures that focus on improving the efficiency and effectiveness of spending while achieving financial sustainability.
Al-Rajhi expressed his gratitude to the wise leadership for its concern for citizens and the business sector as influential partners in the country's development paths at all levels.
He viewed the estimated budget for the year, with expected revenues of 1.172 trillion riyals, as a testament to the government's commitment to continue comprehensive development. Al-Rajhi pointed out that the approach of continued spending will contribute to improving the efficiency of various productive sectors, including the private sector, as a key partner in the ongoing construction and modernization processes in different regions and cities of the Kingdom.
He affirmed that the new budget includes several positive indicators in various aspects, such as the Kingdom's seriousness in achieving tangible increases in the contribution of non-oil sectors to the gross domestic product. This is through increased spending on infrastructure, local industries, and services, as well as investing in them. The budget also aims to enhance the competitive capabilities of the national economy and national products. Additionally, it demonstrates seriousness in meeting the aspirations of the private sector and investors to continue sustainable development programs. The budget was estimated with balanced spending indicators to reaffirm the commitment to accelerating the economic and social development process and improving the standard of living. This is achieved by prioritizing services that matter to citizens, residents, and visitors from various countries.
Al-Rajhi stated that the budget reflects a more integrated partnership with the private sector by continuing to enhance its role in development projects. The budget works to overcome challenges and emphasizes the Kingdom's commitment to achieving its targets by increasing the attractiveness of the economy as a base for investments, providing significant investment opportunities for both local and foreign capital.
Asharqia Chamber continues its preparations to hold its annual reception
06/12/2023
Asharqia Chamber continues its preparations for its annual reception ceremony honoring supporters of the Events Fund. The event is scheduled to take place on the evening of Tuesday, December 12, 2023, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Region. The ceremony will be held at the Dhahran International Exhibition Center (Expo).
According to the Chairman of the Chamber's Board of Directors, Badr bin Suleiman Al-Ruzzaiza, the Chamber aims, through this annual event, to strengthen ties and relationships between the business sector and the public sector. He stated that the Chamber continues its preparations for the annual reception for businessmen and businesswomen. The event comes at a time when the Kingdom and the region are witnessing comprehensive economic development at all levels. Al-Ruzzaiza emphasized its importance as a forum that encourages interaction and fosters direct communication between officials and managers of various entities and organizations and business leaders in the region.
He noted that the annual ceremony crowns a whole year of dedicated work in supporting and assisting participants and business owners in the region. The ceremony will include honoring companies, institutions, and businesspeople who support the Events Fund, emphasizing their commitment and social responsibilities towards the Eastern Region.
Al-Ruzzaiza stated that since its establishment in 2003, the Events Fund has provided practical evidence not only of the social awareness and sense of social responsibility among private sector leaders in the Eastern Region but also of the collective action awareness of the region's residents. He highlighted that the Fund has achieved significant successes over the years by supporting various social activities, events, and occasions in the Eastern Region. He affirmed that the Fund aligns with the Chamber's solid vision that social dimensions are crucial in building a robust economic system. The Events Fund stands out as one of the Chamber's prominent initiatives to actively promote and enhance social responsibility within the business sector.
Asharqia Chamber organizes a meeting with the Omani trade delegation
05/12/2023
Asharqia Chamber organizes a meeting with the Omani trade delegation
The volume of mutual trade between the two countries has increased to more than 38 billion riyals.
Asharqia Chamber organized a meeting with the Omani trade delegation on Monday, December 4, 2023, which witnessed significant participation from chamber members and business sectors in the region. The delegation specializes in oil and gas services, logistics, contracting, construction, catering services, tourism, and hospitality. Additionally, the delegation focuses on industrial salt, fuel stations, tourism programs, technology, energy, and electricity services.
During the meeting, Badr bin Suleiman Al-Ruzzaiza, the Chairman of theAsharqia Chamber's Board of Directors, stated that the relations between the Kingdom and the Sultanate of Oman are characterized by a high level of brotherly ties strengthened by familial connections, shared heritage, and a common destiny. He emphasized the sincere bonds of affection between the leaders of both countries.
Al-Ruzzaiza highlighted the common will of the two nations, guided by the directives of their leaderships, to enhance cooperation and strengthen partnerships. This common will has been a key factor in the development and growth of economic relations and trade exchange between them. The trade volume increased to more than 38 billion riyals in 2022, compared to about 11 billion riyals in 2021 and approximately 10 billion riyals in 2020.
He also mentioned that joint investments between the two sides in various economic sectors have witnessed significant increases over the past few years. This overall trend reflects the substantial opportunities and potential for both countries to expand economic cooperation, enhance bilateral trade, and establish more investment projects. Dr. Al-Janibi added that the three-day visit complements a series of previous visits by the delegation in recent years. The aim is to explore investment opportunities between the two countries, urging the business sectors in both the Kingdom and Oman to seize the opportunities and benefit from the facilitation packages offered by both countries to enhance investment and contribute to the economic and commercial sectors with quality projects.
Al-Janibi explained that the Omani delegation is participating today in a tour, visiting the branch of the chamber in the Jubail province, in addition to major economic entities. During this tour, they are familiarizing themselves with the significant available opportunities. The Omani delegation is also providing a comprehensive explanation of the Omani economy and its operational mechanisms, along with guidance on how to benefit from these investment opportunities in Oman.
Al-Raziza: We are proud of the global confidence in the Kingdom's capabilities to host Expo 2030.
30/11/2023
Al-Raziza: We are proud of the global confidence in the Kingdom's capabilities to host Expo 2030.
Badr bin Suleiman Al-Raziza, The Chairman of Asharqai Chamber, on behalf of the members of the board of directors and its general secretariat, extends congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and His Royal Highness the Crown Prince, Chairman of the Council of Ministers, Prince Mohammed bin Salman bin Abdulaziz, and all the Saudi people on the occasion of the Kingdom winning the hosting of Expo 2030 under the slogan 'Era of Change: Advancing Our Planet towards Future Outlook.' He stated, 'We take pride in this global confidence in our country's capabilities to host the most prominent international event,' emphasizing that the Kingdom's victory in hosting Expo 2030 confirms its significant position among nations.
Al-Raziza stated that winning the hosting is a result of the achievements the Kingdom has accomplished since the launch of its blessed vision across various sectors. He emphasized that it is a crucial step supporting the Kingdom's strategy to transform into a global gateway contributing to international cooperation, introducing people worldwide to the Kingdom's rich culture and heritage, highlighting its present and its economic and social growth. Additionally, he highlighted that it represents a major investment opportunity for national companies to participate in the preparation and organization of the world's largest exhibition.
The Kingdom has allocated $7.8 billion for the Expo, covering an area of 6 million square meters, with an expected physical and virtual attendance of over 40 million and more than one billion people through the Metaverse platform.
Al-Raziza emphasized the uniqueness of Expo 2030 as the first edition committed to achieving zero carbon emissions using clean energy, aiming to protect the environment from the effects of climate change. This commitment gave the Kingdom an advantage over other competing countries. He noted that the Kingdom aims to enhance the world's ability to work on globally impactful projects and change the world's course towards a better and more sustainable future.
Asharqia Chamber launches its annual business event for businessmen and women in December.
28/11/2023
Asharqia Chamber launches its annual business event for businessmen and women in December.
Under the patronage and auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, the Asharqia Chamber is organizing its annual business reception on Tuesday, December 12, 2023. The event will take place at the Dhahran International Exhibition Center (Expo).
This annual event, organized by the Chamber, is considered the largest gathering for the business sector in the Eastern Province. It witnesses significant participation from economic entrepreneurs, representatives of major companies, institutions, Arab and foreign consulates, as well as senior representatives of government agencies in the region.
Badr bin Suleiman Al-Raziza, the chairaman of Asharqia Chamber, stated that the event aims to strengthen the bonds and relationships among economic entrepreneurs. It holds special significance as an annual reception forum that facilitates direct communication for the business sector with senior officials and directors of government entities in the region. He emphasized that the event will include recognition of companies, institutions, and supportive business figures of the events fund. Al-Raziza highlighted that the annual event serves as a culmination of a year of dedicated work and diligent efforts in supporting and assisting participants and business owners in the region.
Al-Raziza stated that the annual event is a culmination of several achievements that the chamber accomplished throughout the past year through various activities and events. It stems from the chamber's vision and mission to support and develop economic and developmental work for the business sector, serving as a platform to enhance its communication opportunities with all entities and organizations. He added that the event plays a significant role in achieving interaction and communication between the chamber and various official and non-official entities in the region, in addition to the positive impact it has on real-world communication between the chamber and its participants, who consistently demonstrate their active presence in various economic events.
Al-Raziza emphasized that the annual event is one of the most important activities organized by the chamber, within its continuous efforts to deepen social bonds and relationships among its participants and representatives of government sectors. He affirmed that the annual event is a fruitful meeting point for businessmen and businesswomen, contributing to further development and growth of the business sector in the Kingdom.
The Minister of Communications and Information Technology meets with the business sector and the technology and innovation community at the Asharqia Chamber.
21/11/2023
The Minister of Communications and Information Technology meets with the business sector and the technology and innovation community at the Asharqia Chamber.
In his meeting with the business sector at the Asharqia Chamber on Sunday, November 19, 2023, Eng. Abdullah bin Amer Al-Sawahah, the Minister of Communications and Information Technology, discussed ways to enhance collaboration and mechanisms to continue leadership in the fields of digital economy and innovation. This aligns with the goals of Vision 2030 for the Kingdom.
He encouraged entrepreneurs to continue developing their projects to keep pace with the continuous advancements in digitization and electronic transformation. The minister highlighted numerous opportunities in this promising sector, which is a priority in the vision, focusing on a knowledge-based digital economy and enhancing the capabilities of the information society.
During the meeting, Al-Sawahah praised the keen interest of the business sector in the Eastern Province in engaging with the ministry's initiatives and supporting digital transformation. He acknowledged the efforts aimed at developing technical work in institutions and companies.
On his part, Badr bin Suleiman Al-Rizeza, the Chairman of the Asharqia Chamber's Board of Directors, stated that the minister's visit reflects his commitment to meeting with the business sector in the region and engaging in dialogue with its members. He emphasized the significant attention the state gives to the field of communications and information technology, working to narrow the knowledge and digital gap between different regions of the Kingdom and diverse segments of society.
Al-Rizeza confirmed that the recent successes were a result of government support and the concerted efforts of all relevant entities. The Kingdom was globally ranked second among G20 countries in the 2021 Digital Competitiveness Report by the European Center and the World Economic Forum. Additionally, it achieved third place worldwide in the Digital Government Maturity Index for 2022 by the World Bank Group, along with progress in various digital sub-indicators and other achievements in the technology sector in the Kingdom.
RAD 23 offers opportunities for partnerships and products/services for entrepreneurs and innovators
21/11/2023
RAD 23 offers opportunities for partnerships and products/services for entrepreneurs and innovators
In the midst of a diverse investment movement encompassing technology, industry, commerce, and services, with broad participation from government entities, Saudi and Egyptian entrepreneurs, as well as funds and organizations focused on entrepreneurship in the Kingdom, the Eastern Chamber concluded its seventh edition of the Entrepreneurship Forum and Exhibition (RAD23) on the evening of Wednesday, November 15, 2023. The event was inaugurated by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Province, on Monday, November 13.
The exhibition provided opportunities for partnerships and promotion of products and services for entrepreneurs and innovators. Over three consecutive days, the event offered the economic community, large companies, and business leaders the opportunity to explore the products, services, projects, and initiatives of entrepreneurs and business leaders.
The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Rizeza, stated that the exhibition represented an opportunity for young male and female entrepreneurs. It provided a platform for them to meet, exchange experiences, learn from each other, open new markets, and become acquainted with support and financing programs in the Kingdom of Saudi Arabia and the Arab Republic of Egypt. Their participation added value to the exhibition due to the diversity of their establishments, spanning education, culture, technology, and more.
Al-Rizeza expressed his pride in the success of the exhibition and forum in delivering their message by providing an opportunity for the economic community to familiarize themselves with the products and services of youth projects and to support them. This, in turn, contributes to the establishment of competitive entities both domestically and internationally. He emphasized that the forum showcased outstanding young individuals capable of shouldering responsibility, highlighting the significant diversity in the projects presented by young men and women, ranging from technology to services, industry, and various types of commerce.
On his part, Saad bin Khalid Al-Mujil, the President of the Youth Business Council in the Eastern Province, stated that the forum was a platform for competitive interaction between Saudi and Egyptian young entrepreneurs. He expressed his appreciation for all participants who presented projects reflecting the innovative ideas and diverse perspectives of youth, which could be valuable additions to the national economy. He noted that the exhibition revealed the new ideas held by youth, facilitated connections between them and experienced individuals, and supported initiatives and outstanding ideas. This support aimed to guide them in their economic journey on solid foundations and established principles.
The exhibition covered seven main axes, during which speakers highlighted the roles played by the state in empowering entrepreneurs. They discussed supportive programs provided by governmental and non-governmental entities, examined the impact of technological entrepreneurship on the economy in line with the vision, and addressed the support for entrepreneurial projects in the Kingdom. Additionally, they reviewed experiences of angel investing in the Eastern Province and its role in developing the entrepreneurial business environment.
The forum included about 8 workshops presented by various institutions affiliated with entrepreneurship. The Industrial Development Fund showcased its incentive programs and advisory services for entrepreneurs. The Human Resources Development Fund (HADAF) provided a comprehensive overview of the "Tisaar Ashaar" platform. The Prince Sultan bin Abdulaziz Development Fund discussed the use of artificial intelligence by entrepreneurs in innovative projects.
The Industrial Growth Incubator highlighted ways to empower entrepreneurs in industrial growth. A project exemplar from an innovative manufacturing solutions company demonstrated how to transform an idea into a prototype. The Saudi Organization for Certified Public Accountants emphasized the importance of accounting in entrepreneurship. The Local Content and Government Procurement Authority reviewed mechanisms for local content, and finally, the Zakat, Tax, and Customs Authority workshop covered the facilitations provided to small and medium-sized projects.
Saudi and Egyptian entrepreneurs present pioneering projects in technology, industry, and services.
15/11/2023
Saudi and Egyptian entrepreneurs present pioneering projects in technology, industry, and services.
The youth entrepreneurs participating in the "Rad 2023" forum and exhibition, organized by the Asharqia Chamber, represented by the Youth Business Council of the Eastern Province, presented innovative projects in various fields such as technology, industry, agriculture, services, and more. The event, held at Dhahran Expo, will continue until Wednesday, November 15, and has attracted increased interest from business men and women in the region, as well as professionals and enthusiasts in the field of entrepreneurship.
Asharqia Chamber aimed to make this year's forum and exhibition a unified platform, bringing together entrepreneurs from the Kingdom, their counterparts from the Arab Republic of Egypt, and major companies, banks, and business leaders from various industries in the Kingdom. The goal is to exchange experiences, showcase products, present new ideas, and connect with officials from funds, centers, and authorities involved in supporting entrepreneurship to understand the state's policies and directions in supporting entrepreneurial projects.
The chairman of Asharqia Chamber, Badr bin Suleiman Al-Riziza, affirmed that the exhibition constitutes a large meeting point for emerging entities from both Saudi Arabia and the sister Arab Republic of Egypt. This provided an opportunity for proactive youth from both countries to meet, exchange experiences, and become acquainted with each other's ventures, opening up new markets in various fields. He emphasized that the current edition of the exhibition focused on promoting the products and services of young entrepreneurs, raising awareness about the importance of initiative and entrepreneurship. Workshops were organized on selected topics related to commercial and industrial projects to enhance awareness of how to launch and sustain these projects. The exhibition primarily aims to encourage young people to present their ideas and innovations, contributing to the acceleration of economic development in the Kingdom.
Impact of Entrepreneurship in Technology
In the context of the scientific program of the forum, the dialogue sessions continued their activities. Participants in the third session discussed several important topics that entrepreneurs can turn into successful investment opportunities. The session focused on "The Impact of Entrepreneurship in Technology on the Economy in the Context of Vision 2030." Saud Al-Sabhan, Deputy Governor of Entrepreneurship Facilities, mentioned that continuous efforts are being made to make the entrepreneurial environment serve all services and various sectors, aligning with the presence of digital potentials and a distinctive infrastructure in the Kingdom. On his part, Mohdah Al-Shammary, Deputy CEO of Startup Banking at Riyadh Bank, explained that each sector and institution has factors and reasons that enable them to achieve their goals, and they all share the need for a digital infrastructure, which is a crucial factor for success and progress. Omar Al-Shabaan, CEO of "Al-Karaj" Incubator, emphasized that one of the most important growth factors is the presence of business incubators, as they serve as a launchpad for every entrepreneur.
Uses of Artificial Intelligence by Entrepreneurs
In the informative workshops held on the sidelines of the forum, presented by the Saudi Industrial Development Fund, the Human Resources Development Fund, the Prince Sultan Bin Abdulaziz Development Fund, and the Industrial Growth Incubator, participants clarified that entrepreneurs' use of artificial intelligence in entrepreneurial projects cannot replace humans but will elevate them as it allows them to explore in a different way. The participants also reviewed the support provided by the Nine Tenths program, which aims to offer free services to entrepreneurs to empower and assist them in achieving their success. They also discussed industrial business incubators and accelerators (Nathr and Nomo) and highlighted the challenges facing the industrial sector and the solutions offered, along with the essential programs to support and empower entrepreneurs in this field.
The dialogue session titled "Support for Entrepreneurial Projects in the Kingdom of Saudi Arabia," held on the sidelines of the forum, garnered significant interest from participants and visitors alike. Moderated by the CEO of Hoya, Ali Al-Humaidan, the session featured discussions by Abdullah Al-Shahri, Deputy General Manager of Small Enterprises Coverage at the Tourism Development Fund; Mohammed Al-Araifi, General Manager of Entrepreneurship Empowerment at the Ministry of Communications and Information Technology; and Najla Al-Otaibi, a specialist in corporate communication and business development. They discussed the role of entrepreneurial projects in supporting the national economy and their ability to contribute to social sustainability. They emphasized that since the launch of the Vision, Saudi Arabia has placed great importance on youth-oriented projects.
Ambition to Enter Economic Work
Many exhibitors we met at the exhibition expressed their ambition to venture into economic work. Nasser Al-Khalaf, Sales Manager for the startup company "Goyn," which introduces a new innovation in agricultural production enhancers, such as wood vinegar and seed balls made from biochar and fertilizer, stated that they have great ambitions for expansion. He emphasized continuous development and commitment to quality as their real capital. He mentioned that, with determination and commitment, along with the significant commercial activity and support for entrepreneurial ideas in the country, their company aims to become influential in the local and regional markets.
A developer of the "Jiel" educational platform, focusing on enhancing Arabic language skills and instilling proper values in children in the early stages, emphasized that the platform's launch aligns with the growing interest in promoting Arab culture in the Arab world. The owner of an investment and entrepreneurship consultancy firm also highlighted the country's current phase of rapid growth and market openness, prompting him to establish a company providing business consultations and market studies for project development. Other entrepreneurs at the exhibition shared similar sentiments, seeing the event as a valuable opportunity to connect and learn from similar experiences.
The aspirations of entrepreneurs are diverse, with each corner telling a story of determination, perseverance, and success. There are stories of implemented ideas that expanded and succeeded, entering the world of finance and business, while others are on their way. For example, there is the corner of the Qassim Food Factory, which manufactures and distributes Eastern and Western sweets, operating according to the latest production lines. The factory's success has enabled it to spread and expand, with plans to further penetrate international markets.
Another example is the booth of Tektōn, an Egyptian company specializing in innovative architectural engineering, interior designs, and uniquely designed wooden furniture. Despite intense competition and limited capital, this company, founded in 2018 by two entrepreneurs, has successfully advanced in the Egyptian market, developing their small business in the furniture sector.
The event is expected to feature a dialogue session titled "Angel Investment Experience in the Region and Its Role in the Entrepreneurial Business Environment," which has garnered significant interest from participants and visitors alike. The session will be moderated by a member of the Eastern Youth Business Council, Mohammed Al-Mughlouth. Speakers include the founder and CEO of Core Vision Investment Company, Faisal Al-AbdulSalam, and the co-founder and CEO of "we Energy," Basal Al-AbdulKarim. Another dialogue session titled "Eastern Initiative Innovates" will be moderated by Afnan Al-Ghareeb, with speakers from the Eastern Innovation Initiative and representatives from companies involved in urban development.
The "RAD 23" forum and exhibition provide a platform for expansion and open up new markets for entrepreneurship.
15/11/2023
Funds, centers, and organizations presented financial and advisory offerings to the entrepreneurs.
The "RAD 23" forum and exhibition provide a platform for expansion and open up new markets for entrepreneurship.
Minister of Industry and Mineral Resources: Modern technologies do not compete with Saudi employees.
Deputy Minister of Commerce: The growth of commercial registrations in the Eastern Province is 17%, and we are addressing challenges in the private sector by developing legislation and facilitating procedures.
Around 300 entrepreneurs from Saudi Arabia and the Arab Republic of Egypt showcased their innovations and ideas in various business and industrial fields at the Entrepreneurship Exhibition (RAD 23). The exhibition, organized by the Eastern Province Chamber, in its seventh edition, opened on Monday and will continue until Wednesday, November 15. The exhibition was inaugurated by the Prince of the Eastern Province at the Dhahran International Exhibition Center.
The Entrepreneurship Exhibition (RAD) aims to create a vibrant community where young entrepreneurs and innovators meet with major companies, business leaders, and supportive financial institutions. The exhibition, which includes the participation of various funds, centers, and entities, showcases youth projects and features business and industrial initiatives that have been able to continue developing ideas and adapting to market needs.
His Excellency, the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, emphasized that investment opportunities in the industrial sector have undergone a radical change. He highlighted that Saudi Arabia is one of the most prepared countries to adopt modern manufacturing technologies due to the strong national will represented by the goals of Vision 2030. He also mentioned that there is no competition between technology and Saudi employees. Additionally, the significant youth population and their inclination towards using modern technologies contribute to accelerating the transformation of the industrial sector in the Kingdom.
During his participation in the "RAD" Entrepreneurship Forum in the Eastern Province, Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, explained that the national industrial strategy includes over 60 enabling initiatives, half of which are directed towards the entrepreneurship sector and small and medium-sized enterprises (SMEs). He emphasized that efforts are underway to create spaces for entrepreneurs in industrial cities.
Al-Khorayef mentioned several initiatives launched by the industrial and mineral wealth system that have achieved success for entrepreneurs. These include the Industry Hackathon organized by the Saudi Industrial Development Fund and the "Alf Mile" initiative launched by the National Industry Development and Logistics Program "NIDLP."
He highlighted that accelerating exploration is a priority for the Ministry of Industry and Mineral Resources in the mining sector, including both state-led and company-led accelerated exploration. Al-Khorayef considered accelerated exploration as the nerve center around which the mining sector revolves.
The Minister of Industry and Mineral Resources affirmed that the "Made in Saudi Arabia" program plays a crucial role in enhancing the identity of Saudi products, encouraging their purchase, and opening foreign markets for Saudi exporters. He noted that the program recently started leveraging sub-brands such as "Made in Makkah" and "Made in Madinah," as well as launching the sub-brand "Saudi Technology." He emphasized that the program is keen on selecting brands that meet the required standards of quality and efficiency.
Dr. Iman bint Habas Al-Mutairi, the Deputy Minister of Commerce and the General Supervisor of the Saudi Center for Economic and Business Affairs, revealed that commercial registrations in the Eastern Province have witnessed a growth of 17% during the year 2023 compared to the year 2018. She made this announcement during her participation in the opening session of the Entrepreneurship Exhibition 2023 (RAD) under the theme "Government Roles in Empowering Entrepreneurship."
Dr. Al-Mutairi, along with Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef and Badr bin Suleiman Al-Ruzaiza, the Chairman of the Asharqia Chamber, explained that the total commercial registrations in the Kingdom have exceeded 1.386 million, with more than 213,000 commercial registrations in the Eastern Province. She added that the number of registrations in the region in 2018 was 181,144 commercial registrations.
She highlighted the promising economic sectors that recorded growth in commercial registrations in the Eastern Province during the third quarter of the current year, including a 71% growth in the logistics services sector, a 70% growth in the maritime clubs sector, a 46% growth in artificial intelligence, a 44% growth in port docks and marine construction, and others.
Dr. Iman bint Habas Al-Mutairi also mentioned that e-commerce constitutes about 8% of the total trade in the Kingdom during 2022. It is expected to witness growth and prosperity, with total revenues reaching 49 billion riyals by 2025.
During the session, she discussed the reforms implemented in recent years to improve the business environment. These include the preparation and development of more than 70 legislations over the past seven years. Other procedural reforms include the development of controls for public opinion surveys on system and regulation projects before their approval. Additionally, more than 370 legislative projects were presented through the survey platform of the National Competitiveness Center. The government eliminated 485 conditions and requirements in 18 sectors to facilitate the investor's journey. More than 40 economic activities were introduced to develop investment opportunities in promising sectors.
Dr. Al-Mutairi highlighted the efforts of the Saudi Center for Economic and Business Affairs in facilitating the start and practice of business in the Kingdom. The center provides over 900 services offered by more than 60 government entities in its 17 local branches across 14 cities. The center's business platform has benefited over a million users in the current year.
She also touched upon the role of the National Program for Combating Commercial Concealment, aiming to promote compliance with market rules, create opportunities for Saudi youth in a fair competitive environment, and combat commercial concealment.
The meeting includes a distinguished participation from Egyptian companies, who came as honored guests in this edition of (RAD23). Its pioneers have managed to establish a foothold in their national economy, leaving a strong mark in their country's markets. We met with the innovators of the "Bayut" application, a cloud-based property management app that provides secure and easy solutions for managing properties, including tenant management, invoices, contracts, payments, as well as unit management and maintenance. Several innovators in various educational and industrial fields have made a significant impact on the Egyptian market, and they have plans to expand into other markets, with the Kingdom's market being a priority due to its large size and purchasing power. They praised the exhibition and its role in creating an economic community for exchanging opinions and experiences.
The Prince of the Eastern Province inaugurates 'RAD 2023' in its seventh edition
15/11/2023
The Prince of the Eastern Province inaugurates 'RAD 2023' in its seventh edition.
On Monday, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, inaugurated the activities of the "RAD 2023" forum and exhibition. The event is organized by the Asharqia Chamber, represented by the Youth Business Council, in its seventh edition. The event takes place at the Dhahran International Exhibition Center, with wide participation from government entities, entrepreneurs, funds, centers, and agencies responsible for entrepreneurship in the Kingdom.
His Royal Highness, the Prince of the Eastern Province, emphasized the importance of supporting entrepreneurs. He praised the efforts of the Asharqia Chamber of Commerce in organizing events that contribute to serving entrepreneurs in line with the state's direction to promote entrepreneurship, highlight successful experiences, and provide support for young people entering self-employment. This support extends to those with innovative ideas and emerging projects, aiming to enhance the effectiveness of youth performance in light of the implementation of the goals of Saudi Vision 2030.
The exhibition, which continues until Wednesday, November 15, 2023, aims to support the state's efforts in promoting entrepreneurship by showcasing successful experiences. The event hosts sessions with the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, and the Deputy Minister of Commerce, Dr. Iman bint Habas Al Mutairi, among other dignitaries. It aims to provide suitable frameworks for young people interested in self-employment, as well as those with innovative ideas and emerging projects. The focus is on how to access the local and global markets and enhance the effectiveness of youth performance in light of the implementation of the goals of Vision 2030.
His Highness honored the sponsors and supporters of the exhibition and toured the exhibition, where more than 300 establishments run by young entrepreneurs are participating. During his tour, he listened to an explanation from the Chamber's president, Badr bin Suleiman Al-Ruzzaiza, about the exhibition, its pavilions, objectives, and the prominent services and businesses offered by the participating entities.
The Chairman of Asharqia Chamber of Commerce expressed appreciation for the patronage and honor bestowed by His Highness the Prince of the Eastern Province on the exhibition. He affirmed that this sponsorship contributes to supporting the chamber's activities and initiatives, giving them the necessary momentum to continue organizing and hosting exhibitions and forums. He added that the honor from His Highness adds value to the forum, highlighting its importance in developing the entrepreneurship sector.
He emphasized that the exhibition provides an effective environment for communication, supporting the exploration of opportunities and capturing the necessary opinions, ideas, and perspectives to support the ongoing development and growth in the entrepreneurship ecosystem and small and medium-sized enterprises (SMEs) in the Kingdom. He mentioned that as of the second quarter of the current year, the number of these establishments reached 1.23 million, showing a 2.6% increase compared to the first quarter of the same year.
He stated that since the launch of Vision 2030, Saudi Arabia has taken pioneering steps in developing and enhancing the entrepreneurial work environment. The Kingdom has provided suitable means to accommodate and embrace ideas, significantly facilitating business practices. This aligns with the goal of making entrepreneurship one of the pillars of sustainable growth in the country.
Continuing, and based on aspirations and efforts, and believing that youth are the wealth of nations and the cornerstone of sustainable development, Asharqia Chamber has given great attention to the youth. It has launched initiatives and programs, held workshops and meetings, aiming to stimulate them to engage in business activities and contribute their innovations to the national economy. The seventh edition of the exhibition today, with its visions, goals, and the experiences presented by more than 300 establishments run by young men and women in various fields, confirms the Chamber's solid strategy to promote the concept of "youth economy" and provide everything that can lead them towards entrepreneurship.
He pointed out that in light of the new economic realities within the targets of the Vision, and with the opportunities, mechanisms, and tools provided to empower youth to develop their fundamental and future skills and expand their knowledge in various economic fields, everyone can see the progress that youth are making. He said, "Today, with this edition and the participating youth, we find ourselves facing a generation that demonstrates its ability to innovate and contribute positively to the national economy. They present alternative perspectives, different innovations, and distinctive experiences, taking us into a world of unconventional ideas within contemporary contexts of future technologies.
He explained that this edition of the exhibition has several advantages, starting with opening doors to investment opportunities and benefiting from the experiences available at the exhibition. It further enhances skills by providing opportunities for development and innovation, exploring various sectors of the economy. Additionally, it facilitates communication between entrepreneurs and their counterparts from the Arab Republic of Egypt, which is participating in the exhibition with 40 establishments as the honored guest of this edition. It also enables interaction with various entities, funds, centers, and agencies that support entrepreneurship in the Kingdom.
Saad bin Khalid Al-Mujil, the Chairman of the Youth Business Council at the Chamber, stated that "RAD 2023" is an extension of the successes achieved by previous editions. It aims to spread the culture of self-employment among young men and women, providing opportunities for innovators and ambitious individuals by promoting their ideas and introducing their innovations. The goal is to encourage their positive involvement in the field of entrepreneurship.
Al-Mujil emphasized that it is inconceivable to have economic or social development without the involvement of the youth, who represent a fundamental pillar within the foundations of Vision 2030. He considered them a solid base capable of adapting to changes and most capable of interacting and responding to the requirements of the targeted development and growth process.
He highlighted the support provided by the state to elevate young entrepreneurs and propel them into the realm of economic activity. This support has proven to tap into reserves of creativity and innovation, enriching the national economic movement and supporting its sustainability. He noted that while the exhibition showcases the products and innovations of young entrepreneurs, it also affirms that the culture of production and self-employment has found its place. Self-employment has become an integral part of the future choices for youth, serving as a sanctuary to unleash their potentials and explore their talents.
The Prince of Eastern Region launches the “RAD23” Entrepreneurship Forum and Exhibition today, Monday.
13/11/2023
The Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, inaugurates today, Monday, the "Riyadh 2023" Entrepreneurship Forum and Exhibition, organized by the Asharqia Chamber's Youth Business Council in its seventh edition. The event will run until November 15, 2023, at the Dhahran Expo grounds, Dammam Highway, Al Khobar. It features the participation of more than 300 establishments managed by young entrepreneurs.
The opening ceremony will be attended by the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, and Her Excellency Dr. Iman bint Habas Al-Mutairi, the Deputy Minister of Commerce, along with several dignitaries, specialists, and those interested in entrepreneurship within and outside the Kingdom. The Arab Republic of Egypt is a guest of honor, with around 40 Egyptian entrepreneurial establishments participating, spanning various sectors such as education, culture, technology, and more.
Badr bin Suleiman Al-Rajhi, the Chairman of the Asharqia Chamber's Board of Directors, emphasized that "Riyadh 2023" has been promoting a message since 2009 to support the economic role of youth by showcasing opportunities for empowerment and incentives for them to engage in freelancing. He pointed out their capabilities to bring about change in the local economic environment, especially in the current significant transformations under Vision 2030.
The exhibition has a unique nature, coinciding with significant progress and expansion in entrepreneurship, as indicated by various global entrepreneurship indicators. Saudi Arabia ranks first globally in four sub-indicators according to the Global Entrepreneurship Monitor, along with advancements in other indicators such as individuals' skills and knowledge, infrastructure, ease of obtaining company financing, market entry facilitation, and more.
Saad bin Khalid Al-Mujil, the Chairman of the Youth Business Council at the Chamber, stated that "Riyadh 2023" has attracted 29 officials and leaders to highlight the developments in entrepreneurship in the Kingdom. It serves as an opportunity to increase youth interactions in economic fields, allowing them to learn from successful experiences and initiatives. The forum covers seven main axes, focusing on the roles of the state in empowering entrepreneurs, supportive programs from government and non-government entities, the impact of entrepreneurship on technology under Vision 2030, and support for entrepreneurial projects in the Kingdom.
The forum also includes eight workshops presented by institutions related to entrepreneurship, covering topics such as incentive programs, consulting services, the use of artificial intelligence in entrepreneurial projects, mining incubators, and growth accelerators, as well as support and financing programs for small and medium enterprises.
More than 29 officials and entrepreneurs discuss entrepreneurship at RAD 2023
13/11/2023
7 themes and 8 workshops on the forum table
More than 29 officials and entrepreneurs discuss entrepreneurship at RAD 2023
Approximately 29 officials and leaders are reviewing the developments in entrepreneurship in the Kingdom, as well as ways for youth engagement during the major transformations the national economy is undergoing in light of the Vision 2030 implementation. This is being done through the "Riyadh 2023 Forum and Exhibition," organized by the Eastern Chamber in its seventh edition, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Region. The event is taking place from Monday and will continue until Wednesday, November 15th, at the Dhahran International Exhibitions Company.
The forum enjoys the participation of the Ministers of Commerce, Industry, and Mineral Resources, along with officials from various funds, centers, and authorities. More than 300 entrepreneurial establishments are showcasing their products and services in various fields.
The forum aims to support the state's efforts in promoting entrepreneurship by highlighting successful experiences. It also seeks to provide suitable formulations for youth interested in entrepreneurship and freelancing, as well as for those with innovative ideas and startup projects. The focus is on how to access local and international markets and enhance the effectiveness of youth performance, aligning with the targets of Vision 2030. This is achieved through shedding light on seven main axes and eight workshops, discussing the developments in the entrepreneurship sector in the Kingdom in general, and the Eastern Region in particular.
The forum explores opportunities and available potentials for a greater contribution by youth in various economic sectors. Additionally, it aims to contribute to the development process in the region, introducing the mechanisms, images, and different areas of this development.
The Arab Republic of Egypt is an honored guest at the "RAD 2023M" forum
12/11/2023
The Arab Republic of Egypt is an honored guest at the "RAD 2023M" forum
The Arab Republic of Egypt is participating as an honored guest in the events of the "RAD 2023M" forum and exhibition organized by the Asharqia Chamber under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province. The event takes place from Monday and continues until Wednesday, November 15th. It involves the participation of more than 300 establishments and companies led by young entrepreneurs in various fields.
The exhibition, organized by Asharqia Chamber for the seventh time, is one of the largest platforms that focuses on entrepreneurs, promoting their products and services to consumers and investors. Its goal is to support the state's efforts in enhancing entrepreneurship by highlighting successful experiences and providing qualitative formulations for young men and women interested in freelancing, as well as for those with innovative ideas and emerging projects on how to access the local and global markets.
Saad bin Khalid Al-Mujil, the President of the Youth Business Council of the Eastern Province, expressed his gratitude for the participation of the Arab Republic of Egypt in the exhibition as an honored guest with around 40 companies led by Egyptian entrepreneurs. He pointed out that their participation adds value to the exhibition due to the diversity of their establishments in education, culture, technology, and other fields. Al-Mujil noted that Egyptian entrepreneurs have provided many successful experiences in entrepreneurship that have had a regional and global impact and reach.
Al-Mujil mentioned a significant growth in investment partnerships between Saudi and Egyptian businessmen, anticipating a major investment movement in the coming periods, especially given the conducive conditions supported by the close relations between the two countries. He emphasized that Egypt's participation in the forum represents a new addition to the exchange of experiences and knowledge, supporting the forum's goals by enhancing communication and bridging the distances between Saudi and Egyptian entrepreneurs, creating opportunities for partnerships, growth, and development in the business environment, and opening new horizons that entrepreneurs in both countries can benefit from.
Referring to the recent visit of the Youth Business Council of the Eastern Province to the Arab Republic of Egypt in the middle of this year, Al-Mujil highlighted the meetings with investors, company representatives, and Egyptian economic entities. During the visit, the delegation learned about services and programs aimed at supporting entrepreneurs from idea conception to project implementation, as well as digital and technological solutions provided to small and medium-sized enterprises.
Al-Mujil emphasized that "RAD 2023M" confirms the importance of the role of youth in the development of national economies, promoting the culture of entrepreneurship and freelancing among young people. He stated that the exhibition aims to encourage young men and women to present their ideas, learn from the experiences of participating local and international establishments, and motivate them by highlighting successful young experiences for their benefit. Additionally, the exhibition aims to raise awareness about the support provided by funding and supporting entities for youth business projects.
“RAD 2023” will launch next November 13
07/11/2023
“RAD 2023” will launch next November 13
With the participation of His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al Qasabi, and the Minister of Industry and Mineral Resources, Bandar Alkhorayef, along with several officials, specialists, and entrepreneurs in the field of entrepreneurship within the Kingdom and beyond, the "RAD 2023" forum and exhibition, organized by the Asharqia Chamber, kicks off from November 13 to 15 of this year.
In its seventh edition, the exhibition presents experiences from more than 300 establishments managed by young male and female entrepreneurs from both the Kingdom and abroad, spanning various fields. This initiative aims to provide an opportunity for the economic community, large companies, and businessmen in the Eastern region to familiarize themselves with the products and services of youth projects and offer support.
Badr bin Sulaiman Al Riziza, the Chairman of Asharqia Chamber's Board of Directors, praised the participation of His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al Qasabi, in the events of "RAD 2023," commending his significant efforts to support the private sector and affirm its role and partnership in the development process. Al Riziza also highlighted the continuous commitment of His Excellency, Professor Bandar Alkhorayef, the Minister of Industry, in supporting entrepreneurs in the industrial sector.
He pointed out that this edition has a special nature, especially at a time when entrepreneurship is witnessing great progress and expansion, praised by all global indicators of entrepreneurship, pointing out that the Kingdom ranks first globally in 4 sub-indices in the Global Entrepreneurship Observatory index, and is led by other indicators, such as having Individual skills and knowledge, infrastructure, ease of obtaining financing for companies and entrepreneurs, ease of entry, market dynamics, and many other indicators related to entrepreneurship.
Al-Raziza said that the exhibition comes within the framework of confirming that the culture of production and self-employment has taken its place in the region and the entire Kingdom, and that self-employment has become an integral part of young people’s future choices and a haven to extract their energies and explore their talents, and that it represents a supportive platform for the growth and development of the fields of entrepreneurship in the Kingdom. By presenting successful experiences and pioneering ideas, he explained that this year’s edition focuses on innovative ideas in production and exploring market needs, as well as new ideas in promoting products and services provided by young people, and aims to provide models of distinguished youth capable of taking responsibility, pointing to the extent of diversity in the participating companies. The projects of the exhibitors, both young men and women, include technology, services, industry and trade projects of all kinds.
"RAD2023" provides valuable opportunities for partnerships and promotes the products of young entrepreneurs.
05/11/2023
"RAD 2023" event kicks off in mid-November. Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz and in the presence of His Excellency the Minister of Industry and Mineral Resources, Bandar Alkhorayef, the Asharqia Chamber is organizing the 7th edition of the Entrepreneurship Forum and Exhibition (RAD) from November 13th to 15th. This event provides valuable opportunities for partnerships and promotes the products of young entrepreneurs.
The exhibition showcases experiences from over 250 establishments and companies led by young entrepreneurs from various fields in the Eastern Province. "RAD" is one of the largest and most important platforms for entrepreneurs in the Eastern Province, with wide participation from various companies involved in entrepreneurship and small and medium-sized enterprises in both the public and private sectors.
The exhibition aims to provide an opportunity for the economic community, large companies, and businessmen in the region to learn about the products and services of youth projects and support them. This support enables qualified establishments to compete locally and internationally. According to Badr bin Suleiman Al-Raziza, the Chairman of the Asharqia Chamber, the exhibition serves as a large gathering for emerging establishments from the Kingdom and the Gulf region. It facilitates networking, exchanging experiences, and exploring new markets in various non-traditional economic fields.
The event focuses on innovative ideas to promote products and services offered by young entrepreneurs to consumers and investors. Additionally, it includes various awareness activities to encourage young individuals to present their ideas and take the initiative. The exhibition also highlights successful young experiences for others to benefit from, and it introduces the funding and support programs provided by government and private entities.
The exhibition aims to raise awareness about the importance of self-employment, a fundamental pillar of the Chamber. It features sessions on various topics related to commercial and industrial projects, their initiation, and tools for their sustainability. Moreover, it introduces support programs for empowering entrepreneurs provided by both government and private entities.
The launch of the Restatex Eastern Real Estate 2023, the largest real estate event in the Kingdom.
31/10/2023
The launch of the Restatex Eastern Real Estate 2023, the largest real estate event in the Kingdom.
Under the patronage of His Royal Highness Prince Saud bin Nayef, the Prince of the Eastern Region, Dr. Khalid bin Mohammed Al-Batal, the Deputy Governor of the Eastern Region, and His Excellency Engineer Abdullah Mohammed Al-Badeer, Deputy Minister of Municipal and Rural Affairs and Housing, along with Mr. Badr bin Suleiman Al-Rajiza, the Chairman of the Asharqia Chamber of Commerce, inaugurated the activities of the "Restatex Eastern Real Estate 2023" exhibition organized by the Asharqia Chamber of Commerce in collaboration with Ramtan Exhibitions and Conferences. The exhibition is taking place from October 31st to November 3rd, 2023, at the Dhahran International Exhibitions Company (Dhahran Expo).
The new edition of the "Restatex Eastern Real Estate 2023" exhibition witnesses extensive participation from major real estate development and marketing companies, most of the Saudi financial institutions and banks, as well as relevant government entities and a selection of economic, social, and journalistic figures. Prominent media outlets extensively cover the exhibition's events, reflecting the significance of the real estate sector, which is considered one of the vital contributors to the Saudi economy.
Following the opening ceremony, Dr. Al-Batal, Engineer Al-Badeer, and Mr. Al-Rajiza toured the exhibition. They visited the booths of participating companies, where they were introduced to the latest real estate projects in the Eastern Region and the Kingdom. These projects adhere to the highest quality standards and feature unique architectural designs that meet the aspirations of Saudi families, contributing to enhancing their quality of life. They also learned about the exceptional financing offers provided by Saudi banks, aiming to facilitate Saudi citizens' home ownership with ease and convenience. These initiatives aim to increase the home ownership rate to 70% by the year 2030, as part of the Kingdom's Vision 2030 goals.
The exhibition aims to highlight the influential role of the real estate sector in diversifying investment sources, aligning with one of the key objectives of Vision 2030. It also focuses on showcasing the developments and innovations in the Saudi real estate sector, including residential and commercial projects, innovative designs, spaces, features, and housing financing programs and sales operations for customers.
“Restatex” launches today and continues until Friday in a strategic partnership with the Asharqia Chamber
31/10/2023
“Restatex” launches today and continues until Friday in a strategic partnership with the Asharqia Chamber
"Restatex" real estate exhibition, organized by Ramtan Exhibitions and Conferences in strategic partnership with the Eastern Chamber, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Region, is set to launch today and run until Friday, November 3, 2023. The event is taking place at the Dhahran Expo grounds, owned by Dhahran International Company.
Restatex is one of the largest and most significant real estate and financial gatherings in the Kingdom. It stands as a pivotal platform in the real estate sector, drawing widespread participation from various housing, real estate, and finance companies in both the public and private sectors. The exhibition aims to shed light on the real estate sector and its role in diversifying investment sources, aligning with the key objectives of Vision 2030. Furthermore, it will showcase the developments in the real estate sector, highlighting multi-purpose residential and commercial projects and their trends.
The Chairman of the Asharqia Chamber of Commerce, Badr bin Suleiman Al-Rajiza, stated that the Restatex real estate exhibition aligns with the goals of Vision 2030 by contributing to the realization of a diverse and sustainable economy. He pointed out that the exhibition brings together major companies to showcase their latest real estate and financial products and services. It serves as an opportunity to meet with leading real estate developers in the Kingdom, learn about residential advantages, and explore offers for key projects in the Eastern Region.
He emphasized that the exhibition provides an ideal platform for discussing opinions and sharing ideas related to the real estate sector in the Kingdom. This is particularly significant given its vital role in driving economic growth and stimulating economic activity across various sectors. Al-Rajiza explained that the strategic partnership with Restatex highlights the importance of partnerships and exploring opportunities. He noted that the Asharqia Chamber of Commerce, through its participation in the exhibition, will showcase its roles and activities that support the real estate sector in its various fields within the Eastern Region.
Asharqia Chamber of Commerce, Badr bin Suleiman Al-Rajiza, emphasized the Chamber's dedication to the real estate sector. He highlighted the Chamber's continuous efforts in studying and analyzing various issues related to real estate, organizing meetings, workshops, and conferences involving officials and specialists in the real estate sector. These initiatives aim to address the challenges facing the real estate sector in the Eastern Region and enhance the working mechanisms within the sector. Additionally, the Chamber conducts various awareness activities, courses, and specialized training programs related to construction, building, and real estate.
On the other hand, the CEO of Ramtan Exhibitions and Conferences, Mohammed Hussein Al-Faraj, stated that the exhibition provides a comprehensive overview of real estate investment in the Eastern Region. The event features discussions by a selection of officials and specialists in the real estate field. Over the course of four consecutive days and through five dialogue sessions, the exhibition sheds light on the current state and future prospects of investment in the Eastern Region, focusing on key projects and exploring the extensive ownership opportunities in the area.
Furthermore, the exhibition showcases the latest advancements in real estate technology, finance, sustainability, and construction techniques. It examines the broad potential of technology, including data analysis and its transformation of traditional processes in the real estate market into more flexible procedures. Additionally, it explores the latest developments in modern construction techniques and their role in achieving sustainable building practices.
The exhibition serves as an unparalleled opportunity, particularly for participants, to promote their real estate projects and brands. It facilitates networking with investors and clients, providing a platform for communication with numerous real estate companies in the Kingdom and the Eastern Region. These companies present a wide variety of products, services, investment opportunities, and financing options. Al-Faraj commended the support and participation of both government and private entities in the exhibition, emphasizing that this new edition of the exhibition in the Eastern Region aligns with national aspirations to enhance real estate solutions.
Prince of the Eastern Province: The youth of the nation are qualified and actively contribute to building the country.
24/10/2023
The Prince of the Eastern Province: The youth of the nation are qualified and actively contribute to building the country.
Opened the 'Jobs 2023' event organized by the Eastern Province Chamber in its ninth edition.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, inaugurated the 'Jobs 2023' exhibition on Monday, October 24, 2023. The event, organized by the Asharqia Chamber in its ninth edition, is being held at the Dhahran Expo, with wide participation from government entities, businesses, and specialized institutions providing employment, training, and qualification services.
His Royal Highness, Prince of the Eastern Province, acknowledged the qualifications, capabilities, and experiences of the Saudi youth, highlighting their potential to fill the employment opportunities offered by companies and contribute to the local economy. He praised the wise leadership's support in providing job opportunities for the nation's youth through various programs. His Royal Highness also commended the organization of the exhibition by the Eastern Province Chamber.
He stated, 'The Kingdom, is experiencing significant economic growth, and these developmental projects create job opportunities for qualified young men and women, enabling them to contribute to the realization of the nation's vision and the aspirations of the leadership.
His Royal Highness honored the sponsors and supporters of the exhibition and toured the exhibition grounds, where 167 entities from both the public and private sectors are participating. During his tour, he received an explanation from the Chamber's chairaman, Badr bin Suleiman Al-Ruzzaiza, about the exhibition, its pavilions, objectives, prominent services, and the available job opportunities presented by the participating entities.
The Chairman of the Asharqia Chamber's Board of Directors, Badr bin Suleiman Al-Ruzzaiza, expressed his appreciation for the patronage and honor bestowed upon the exhibition by His Royal Highness, the Governor of the Eastern Province. He emphasized that his patronage contributes to supporting the chamber's activities and initiatives, providing the necessary momentum to continue its efforts in organizing and hosting exhibitions and events. Al-Ruzzaiza added, 'The keenness of His Royal Highness, the prince of the Eastern Province, to patronize the Jobs Exhibition adds significant value to its importance for the national economy, particularly in supporting job localization efforts.' He pointed out that the exhibition underscores the importance of self-exploration for the youth, serving as a valuable opportunity to access diverse and distinguished job offers presented by participating companies across various levels and specializations.
The exhibition, which continues until Thursday, October 26, 2023, aims to support efforts to localize jobs by increasing the national workforce in the job market. It highlights the role of the business sector in providing employment opportunities for citizens, as well as meeting the business sector's needs for qualified nationals. Additionally, the exhibition aims to facilitate communication between the business sector and training and employment service providers. It also encourages the exchange of experiences and practices among participants in the fields of human resources management and employment, fostering professional awareness, skill development, and capacity building among job seekers through proper planning.
Al-Ruzzaiza stated that the exhibition aligns with the chamber's goals in supporting Vision 2030. By bringing numerous companies under one roof, the exhibition saves considerable effort and time for job seekers, both young men and women. He emphasized that with the continuous growth of the national economy and the significant expansion in business volume, there is an increasing need every day to employ more qualified employees. Many establishments face significant challenges in finding these employees. Hence, the exhibition serves as a crucial means for employers to meet their needs for competent and specialized national talents.
This edition of the exhibition is characterized by several features, starting with opening doors to new career opportunities and benefiting from the experiences available at the exhibition. It enhances professional skills by providing various professional and educational development opportunities. It allows exploring diverse job roles and sectors, enabling communication with prominent business owners and building relationships with them in various fields. Additionally, it provides insights into vacant positions and offers a chance to understand the local business environment, acquiring direct practical experience in desired professions.
It's worth mentioning that the Asharqia Chamber's initiative to organize job fairs began in 2013 and has now reached its ninth edition. Through these fairs, employers, HR managers, and recruiters can directly meet and interact with a large number of graduates from all educational levels. It enables them to showcase available vacancies and attract the best national talents for employment opportunities.
Asharqia chamber Launches the 9th Edition of the "Jobs 2023" Exhibition Tomorrow
22/10/2023
Asharqia chamber Launches the 9th Edition of the "Jobs 2023" Exhibition Tomorrow
omorrow, and until Thursday, October 26, 2023, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, the 9th edition of the "Jobs 2023" exhibition will kick off. The event is organized by the Asharqia Chamber of Commerce through its Employment Center at the Dhahran International Exhibitions Company "Dhahran Expo." The exhibition will welcome job seekers from 1:00 PM to 8:00 PM.
In his statement about the exhibition, Badr bin Sulaiman Al-Ruzzaiza, the Chairman of the Board of Directors of the Asharqia Chamber of Commerce, emphasized that it is a strategic choice within the chamber's annual plans and objectives. He stated that the exhibition represents a direct employment channel that allows job seekers to interact directly with nearly 167 companies seeking to attract qualified national talents in various fields. He expressed his gratitude to His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, for his gracious patronage of the exhibition.
Badr bin Sulaiman Al-Ruzzaiza highlighted that the 9th edition of the Jobs Exhibition aims to support efforts in localizing employment, emphasizing the role of the business sector in providing job opportunities for young men and women. The exhibition also aims to fulfill the labor needs of the business sector with qualified national workforce, facilitate communication between the business sector and training and employment service providers, exchange experiences and best practices among participants in the field of human resources management and employment.
He added, "We look forward to making the exhibition the best choice for both establishments and job seekers in the Eastern Province." He pointed out that the exhibition serves as a platform that opens doors for national talents, allowing them to showcase their potential, creativity, and multiple skills while supporting our national choices. He emphasized that the human resource is one of the most important pillars in sustaining economic growth. It is the vital element in work and production. The productivity of countries increases whenever they are managed by qualified human resources capable of addressing future needs. This gives countries the ability to compete effectively in the global economy.
Badr bin Sulaiman Al-Ruzzaiza explained that the significance of the exhibition is reflected in three fundamental aspects. Firstly, it lies in the companies facing challenges in sourcing qualified national human resources. Participation in the exhibition stands as one of the most crucial means for these companies to acquire specialized national talents and expertise. Secondly, the exhibition benefits scientifically and practically qualified young individuals by providing them with several options to apply their knowledge and experience. Lastly, the third and final aspect involves intermediary organizations responsible for training, education, qualification, and facilitating the relationship between the employer and the job seeker. Through the exhibition, these intermediaries can showcase their services and offerings.
He expressed his hope that this edition would achieve the success of previous editions, which contributed to employing a significant number of national workforce. He also emphasized the importance of this edition keeping pace with the momentum experienced by the national economy. The exhibition aims to provide the private sector with qualified national professionals, both young men and women, equipped with high competencies and diverse professional skills across all specialties.
Asharqia chamber signs an agreement to distribute the magazine " Economy"
19/10/2023
Asharqia chamber signs an agreement to distribute the magazine " Economy"
Asharqia Chamber in collaboration with Tamim International (Tamex), a specialized company in the field of print distribution, has signed an agreement to distribute the magazine Economy,' published by the Chamber, through various sales outlets of 'Tamimi Markets' in the Eastern region. This step aims to expand the dissemination of economic knowledge and enrich economic media content.
Badr bin Suleiman Al-Ruzzaiza, the Chairman of the Asharqia Chamber's Board of Directors, stated that this unprecedented move is part of a program to enhance the leading 'Al-Iqtisad' magazine. Recently, a new identity was launched, aligning with modern design trends. This initiative also includes a continuous development of all sections of the publication to keep pace with the evolving national and global economies.
Al-Ruzzaiza added that this agreement is part of the Asharqia Chamber's plan to expand the distribution network of the magazine in the Eastern region and other areas of the Kingdom, making the publication and its wealth of information accessible to a wider audience, including enthusiasts, specialists, and the general public. He emphasized the objectives of the magazine "Al-Iqtisad" to serve as a reference and a living document to enrich media content with all economic events and developments in the Kingdom and the continuous global economic advancements across all sectors.
The aim is to achieve this through publishing topics, reports, and analyses that highlight crucial issues at the local, regional, and global levels. The magazine also hosts specialized experts who discuss and analyze various issues, challenges, and their economic implications.
Since its inception in April 1968, The Economy magazine has been an integral part of the Asharqia Chamber's strategy, supporting and developing economic and developmental activities in the business sector. It serves as a platform to enhance communication opportunities, disseminate economic culture, provide awareness, and introduce new developments in the domestic and international economic arena.
The magazine upholds high standards of accurate and professional publishing, featuring contributions from prominent writers and journalists both within and outside the Kingdom
167 companies participating in the 2023 Jobs Fair
18/10/2023
167 companies participating in the 2023 Jobs Fair
Asharqia Chamber, represented by the Employment Center, will launch the 9th edition of the "Jobs 2023" exhibition next week. The event is held under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, at the Dhahran International Exhibitions "Dhahran Expo".
The exhibition will welcome job seekers, both males and females, for 4 days starting from Monday, October 23rd, until Thursday, October 26th, 2023, from 1:00 PM to 8:00 PM.
Badr bin Sulaiman Al-Ruzzaiza, the Chairman of the Board of the Asharqia Chamber, emphasized that this event, which is considered the most significant in the field of employment in the Eastern Province, reflects the continuous development in the human resources sector and the new specializations that have become a requirement for the job market. It also highlights the national competencies that hold quality degrees and certificates capable of keeping up with the aspirations and future plans of companies.
Al-Ruzzaiza stated that the exhibition aims to establish communication between the business sector, employment service providers, human resources management specialists, and job seekers, creating a bridge between these entities and job seekers. He also mentioned that the Asharqia Chamber will present this edition of the exhibition with modern technological capabilities. Job seekers of both genders are required to register electronically on the exhibition's website without the need to attend in person or bring any paper copies of resumes and other documents. He expressed his hope that the Jobs 2023 exhibition would contribute to the success achieved by previous editions, which have led to the employment of many national talents in various positions in private companies and institutions.
He further mentioned that the exhibition includes numerous diverse job opportunities in various fields. He pointed out that 167 companies are participating in the exhibition, all of whom are keen to attract qualified national talents.
Al-Ruzzaiza noted that many Saudi students who have recently completed their studies, both inside and outside the Kingdom, have chosen new and different specializations that the country needs to shape the future. He highlighted that the exhibition represents a valuable opportunity for those with modern and distinctive specializations to find job opportunities that suit their skills.
"Restatex" launches later this month in a strategic partnership with the Asharqia Chamber.
17/10/2023
Under the slogan “Your gateway to limitless opportunities
"Restatex" launches later this month in a strategic partnership with the Asharqia Chamber.
Under the slogan "Your gateway to limitless opportunities," the Eastern Restatex Exhibition will kick off on Tuesday, October 31, and continue until November 3, 2023. The exhibition is under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, and will take place at the Dhahran International Exhibitions Company (Dhahran Expo).
Restatex is one of the largest real estate exhibitions in the Kingdom, showcasing the latest real estate and investment projects. Many specialists, experts, and pioneers in the real estate sector are keen to attend, making it an opportunity to explore the latest innovations and real estate technologies.
Regarding the participation of the Eastern Chamber as a strategic partner in the Restatex Exhibition, Abdulrahman bin Mohammed Al-Bassam, a member of the Eastern Chamber's Board of Directors and Vice Chairman of the Real Estate and Urban Development Committee, stated that the chamber's participation aligns with the chamber's strategic goals of empowering partnerships and exploring opportunities. He pointed out that the chamber will showcase its roles, activities, and advisory services related to promoting growth in the real estate sector through its participation in the exhibition.
Al-Bassam emphasized that the chamber attaches great importance to the real estate sector. This is evident through the study and analysis of various real estate-related issues and topics, organizing meetings and workshops that host officials and experts in the real estate field. Additionally, the chamber conducts various awareness activities, courses, and specialized training programs in the fields of construction, building, and real estate.
Al-Bassam pointed out that “Restatex” is the most important forum for real estate, housing, investment and financial decision-makers in the Kingdom, and brings together all those interested in real estate affairs, whether individuals or institutions, under one roof. He said: “The noticeable growth over the past few years in real estate investment has been consistent with the growth rates.” The high level witnessed by the national economy, as a result of the strong support that the sector enjoys from the state, represented in a package of administrative and investment facilities of various kinds, which provided a variety of investment opportunities in the sector and all related sectors.
The CEO of Ramtan for Exhibitions and Conferences, the organizing company of the Restatex Real Estate Exhibition, Mohammed Hussain Al-Faraj, expressed his pride and honor for the trust and patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, in sponsoring this real estate event that has been running for more than 29 years. Al-Faraj also praised the support and participation of the Ministry of Municipal and Rural Affairs, the Ministry of Housing, and the General Authority for Real Estate, as well as the Eastern Chamber, which serves as a strategic partner and supporter of the exhibition through informative forums and impactful workshops.
He noted that these initiatives incorporate general directions that contribute to achieving the goals of both the public and private sectors, aiming to enhance the real estate and housing landscape in the Kingdom. Al-Faraj expressed his gratitude and appreciation for the participating entities in the previous editions of the exhibitions over the past 29 years, where efforts and visions converged, making Restatex Real Estate Exhibitions one of the largest and most significant real estate and financial forums in the Kingdom.
Al-Faraj continued, saying, "We are proud to host leaders from both the public and private sectors in the new edition of the exhibition in the Eastern Province, who base their work on aligning with the Kingdom's ambitions to enhance housing solutions, achieving the targets of Vision 2030.
A Meeting for Businesswomen Highlights Investment Incentives in Jubail Industrial City
11/10/2023
A Meeting for Businesswomen Highlights Investment Incentives in Jubail Industrial City
Manaa bin Yahya Al Mansour, the Director of Commercial and Residential Investment Management at the Royal Commission in Jubail, emphasized that Jubail Industrial City stands out due to its strategic location on the Arabian Gulf coast, near four Gulf capitals: Kuwait, Manama, Doha, and Riyadh.
During the businesswomen's networking event organized by the Asharqia Chamber, represented by the Women Empowerment Center, on October 11, 2023, in its branch in Jubail Industrial City, Al Mansour highlighted the investment mechanisms in the Royal Commission in Jubail. He mentioned that Jubail Industrial City offers several investment incentives as it boasts high-quality infrastructure, more than 35,000 residential units, 5 distinctive beaches, and a population of over 290,000. Furthermore, it hosts 1,500 commercial establishments, 97 schools, and preschools. These factors contributed to Jubail being recognized as one of the largest industrial cities globally in 2021, and the city is also a pioneer in education.
Regarding the investment incentives, Al Mansour stated during the meeting, which was attended by the Chairman of the Jubail Business Council, Saad Al-Buainain, and notable participation from businessmen and businesswomen, that Jubail Industrial City has several enticing measures to attract prospective investors. These include calculating the rental value for commercial projects, which begins one year after the investor is notified of the allocation and can extend up to 5 years. The Royal Commission for Jubail grants long-term agreements for up to 50 years for projects of a private nature. Additionally, there is an exemption period of up to two years from the rental value with the approval of the authority holder, provided the investor adheres to the stipulated schedule during the conditional allocation period.
He pointed out that the Royal Commission is working on attracting global brands based on its vision to make Jubail Industrial City the best choice for investors in the industrial sector, contributing significantly to the progress and sustainability of the industry in the Kingdom. This reaffirms its mission to develop, empower, and manage sustainable industrial cities that encourage innovation, provide advanced infrastructure, distinctive services, leading to a thriving economy and a vibrant society that aligns with the ambitions of the nation and its partners.
Al Mansour also discussed the available facilities for attracting investments, including the waterfront in Al Fanateer district. Additionally, there are plans to establish and operate the Al Huwailat Tourist and Entertainment Island and to create and operate an entertainment city in the Daren area. Furthermore, there is a dedicated central entertainment area on the outskirts of Jubail Industrial City designed to be a bustling zone and an entertainment destination. This area includes specialized golf courses, event venues, a water park, an equestrian club, a car racing track, spaces for hotels, and multiple-use facilities.
He also highlighted the prominent projects in the economic center of Jubail Industrial City, which comprises commercial spaces, residential units, dedicated walking paths, shopping complexes, boat marinas, popular markets, and commercial complexes.
Asharqia Chamber and SABIC conclude the training program for the Leaders Initiative.
11/10/2023
Asharqia Chamber and SABIC conclude the training program for the Leaders Initiative.
Asharqia Chamber represented by the Women Empowerment Center in collaboration with SABIC and its national initiative 'Nassand,' concluded the training program for the Leaders Initiative on Tuesday, October 10, 2023. The program, titled 'Empowering Women's Role in Boardrooms,' took place over three days and was hosted at the Asharqia Chamber Tower.
Throughout the three days, the program featured participation from various leadership figures who shared their experiences. Prominent female leaders from diverse sectors and organizations attended the event, including Agarid Abdeljawad, a board member of the Chamber, Nevina Shastri, the Vice President and General Counsel at SABIC, Dr. Wajih Moghrabiya, the Executive Director of Local Workforce Solutions and Business Development at SABIC, and Abdullah Al-Balwi, the General Manager of SABIC's office in Dammam.
On the first day, several topics related to the objectives of the board of directors and corporate governance were discussed, including the importance of board formation and the need to empower women in boardrooms. Jen Vals, the CEO of the Gulf Cooperation Council Boards Institute, spoke about these topics. Additionally, Lina Zaza, a partner at Khashim & Partners Law Firm, discussed the duties and responsibilities of board members. Walid Al-Sinani, the General Manager of Global Corporate Governance at SABIC, also presented the governance issues related to the Eastern Province.
On the second day, Randa Bou Hassoun, a Senior Associate at the Gulf Cooperation Council Boards Institute, talked about understanding the roles of the board of directors. Jen Vals, the CEO of the Gulf Cooperation Council Boards Institute, discussed board committees, board structure, effective board formation, board operations, and protocols. Basma Fadlallah, the Secretary of Nesma and Partners, discussed the role of the secretary in the board. The roles of the chairman, CEO, and the dynamics of the board of directors were also discussed. Eng. Abdul Latif Al-Othman, the former Governor and Chairman of the Board of the General Authority for Investments, and Shaila Al-Ruwaili, the CEO of Wusool International Investment, a subsidiary of Aramco, were part of the discussions.
On the third and final day, Saed Al-Jammal, the financial consultant and internal audit expert at the Saudi Association of Internal Auditors, conducted a workshop on the importance of internal auditing and the key differences between internal and external auditing. He also discussed the role of the audit committee. Naif Al-Ayed, the Vice President for Local Content and Business Development at Nassand Investment in SABIC, provided a series of tips to support the activation of board members' roles. The program's final day also featured Eng. Najib Al-Sahati, the Vice President of the Sahati Group, who shared his group's experience.
It's worth mentioning that the Asharqia Chamber aims to expand the awareness and knowledge of businesswomen regarding the duties and responsibilities of board members, as well as the structures and operations of boards, among other topics such as governance, whether in terms of its trends, practices, and the importance of both internal and external auditing.
Asharqia Chamber is a strategic partner at Restatex Real Estate Exhibition
10/10/2023
Asharqia Chamber is a strategic partner at Restatex Real Estate Exhibition
Under the generous patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Prince of the Eastern Province, the Asharqia Chamber is participating with Ramatan Exhibitions and Conferences Company in organizing the Restatex Real Estate Exhibition as a strategic partner, which is scheduled to be held from October 31 to November 3, 2023, at the Dhahran International Exhibitions Company ( Dhahran Expo), which is considered one of the most important real estate platforms for real estate, housing, investment and financial decision makers in the Kingdom, and enjoys wide participation from major companies, and aims to shed light on the role of the real estate sector in supporting efforts to diversify investment sources as one of the most important goals of Vision 2030, and also conveys developments. The real estate sector in mixed-use residential and commercial projects and their trends.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Raziza, said that the Restatex Real Estate Exhibition embodies an effective model in advancing the real estate industry in the country, which falls within the goals of Vision 2030 by maximizing our investment capabilities in various sectors, noting that the exhibition brings together major companies to display their latest real estate and financial products and services. It is also considered an ideal opportunity to discuss opinions and present ideas related to real estate affairs in the Kingdom. It is also an opportunity to communicate with specialists and experts in the real estate sector, and to exchange experiences and knowledge through the scientific program and workshops accompanying the exhibition.
Al-Raziza stressed that the presence of the Chamber as a strategic partner in the exhibition; Rather, it comes within the framework of the Chamber’s established principles of supporting and assisting real estate sector pioneers in learning about the products and services of real estate companies. The Chamber recognizes the importance of educating and familiarizing sector pioneers with the latest products provided by government agencies, financial, investment, and real estate companies.
The Chairman of the Real Estate and Urban Development Committee of the Asharqia Chamber, Rashid Al-Qadi, said that the Restatex Real Estate Exhibition is one of the most prominent real estate exhibitions in the country, and includes the latest real estate and investment projects, which makes it an excellent opportunity to learn about the latest innovations and technologies in this field. He said that it enables participants to promote For their real estate projects, increasing brand awareness of their companies, getting to know potential investors and clients, and expanding the base of clients and real estate partners as it provides a platform for communicating with many real estate companies, all of which offer a wide and diverse variety of products, services, and investment opportunities of all kinds.
Asharqia Chamber and the National Center for Family Enterprises launch 'Owners' Meeting.
09/10/2023
Asharqia Chamber and the National Center for Family Enterprises launch 'Owners' Meeting.
Balhamar: The family charter must contain solutions to any danger that may threaten the company
The CEO of Salem Ahmed Balhamar Holding Group, Ahmed bin Salem Balhamar, emphasized the importance of governance in protecting family businesses and wealth, underscoring the necessity of crafting a family charter that includes various solutions in anticipation of any scenario that might pose a threat to the family wealth.
Balhamar made these remarks during the first session of the 'Owners' Meeting' series organized by the Asharqia Chamber in collaboration with the National Center for Family Enterprises at the Chamber's headquarters on Monday, October 9, 2023. The event was attended by the group's founder, Salem Balhamar, and the CEO of the National Center for Family Enterprises, Dr. Aathiz bin Ibrahim Al Mubarak, along with a notable number of business men and women, officials, and experts in the Eastern Province.
He emphasized that the experience of involvement in a family business should begin at the lowest level, allowing the children to form a comprehensive understanding and extensive knowledge about the business operations and procedures followed in the company for all cases. Through this understanding, children can initiate changes and improvements to the company's systems and regulations, fully grasping the positive impacts on the company as well as addressing any potential challenges that may arise.
During the meeting, which was moderated by Abdulrahman bin Mohammed Al Bassam, a board member of the Eastern Province Chamber, Balhamar explained that fate had placed him in a unique position as he started working with his father, the founder of the group. This experience added a lot to his journey in the company, where he was able to draw from it the essence of his practical and life experiences. However, this wasn't without its challenges, contrary to the ease that many might expect. His father followed a delegation approach before responding to any inquiry or commenting on any proposal he presented. His father directed him to conduct a small research by asking about the effects of the ideas he proposed and obtaining answers from those around him who had expertise and experience in the field. When he returned to his father with the information he gathered, his father would share his opinion or suggest the appropriate solution for what he had presented.
Balhamar mentioned that he inherited from his father a love for work and learned from him the importance of continuous change and development for the company and its procedures. He also learned the significance of education and skill development. His father always told him that if a person believed they had reached an advanced stage in knowledge that qualifies them to make decisions at any time, it marked the beginning of their downfall. His father also provided him with his experiences in various aspects of life, through which he was able to gain people's love and trust, a crucial task for a young man still in the prime of his life, dealing with diverse people on a daily basis.
Balhamar pointed out that he continued his education in postgraduate studies in India, and after that he was interested in engaging in training courses in various fields so that he could keep pace with changes in the field of work, and he still continues to do so, pointing out that his father did not place him in a leadership position until after he had achieved an achievement and become knowledgeable. With full details of his position so that he can answer any questions that may be directed to him in the future.
Balhamr gave advice to family businesses on the necessity of drafting a family charter that preserves the rights of all family members, arranging its internal home, protecting it from challenges or problems that may occur in the future, and starting governance procedures to protect the business from collapse, indicating that they benefited from the experiences of those who came before them in this field and were also able to communicate with Consulting companies and the National Center for Family Enterprises, which provided great services, helped the group in its transformation.
Regarding listing the institution on the stock market, he said that the group works in various fields and is now ready for listing, but they are waiting for the appropriate time for that.
Asharqia Chamber and SABIC launch the training program for the initiative of female leaders titled 'Empowering the Role of Women in Boardrooms
09/10/2023
Asharqia Chamber and SABIC launch the training program for the initiative of female leaders titled 'Empowering the Role of Women in Boardrooms
On Sunday, October 8, 2023, the Eastern Province Chamber, represented by the Women Empowerment Center in collaboration with the Saudi Basic Industries Corporation (SABIC), represented by its national initiative (Nassand), launched the training program for the initiative of female leaders titled 'Empowering the Role of Women in Boardrooms.' The event was attended by Agarid Abdel Jawad, a board member of the Chamber, and Nevena Shastri, Vice President and General Counsel at SABIC.
The program, which witnessed significant participation from influential women leaders in various sectors and entities from different regions of the Kingdom, discussed different topics, including the formation of boardrooms and the importance of women's presence in them, the duties and responsibilities of board members, corporate governance, as well as the key roles of the board of directors, its structure, processes, and protocols, and the interactive relationship between oversight and the board of directors.
At the program launch, the Secretary-General of the Chamber, Abdul Rahman Al-Wabel, and the Executive Director of Local Workforce Solutions and Business Development at SABIC, Dr. Wajih Moghrabi, were present. Also in attendance was Abdullah Al-Balwi, the General Manager of SABIC's Dammam office. The program, which runs until Tuesday, also featured the participation of Jane Valis, the CEO of the Boards Directors' Institute (BDI) in the Gulf Cooperation Council countries. Additionally, Saied Al-Jammal, the Financial Advisor from the Saudi Institute of Internal Auditors, participated on the program's third day.
Agarid Abdel Jawad, a board member of the Chamber, stated: 'Through this program, we aim to explore the best mechanisms and practices to enhance and activate women's presence in senior leadership positions and boardrooms, achieving better economic participation by supporting their roles in decision-making centers.'
She emphasized that Saudi women have received significant attention from our wise leadership over the past years, allowing them greater participation in the developmental process. They are considered essential components and partners in achieving the vision's goals and aspirations. Many decisions have been made that strengthened their role in the national economy. They have become increasingly important and influential in the business community, playing a significant and growing role in our country's comprehensive development efforts across all sectors.
The program aims to expand the awareness and knowledge of businesswomen regarding the duties and responsibilities of board members, including the structures and processes of boards of directors, as well as other topics such as governance, both in terms of its trends and practices. It also covers internal and external auditing and its significance. Despite the achievements made by Saudi women and the ongoing efforts to enhance their roles and strengthen their presence in the national economy, and despite the growing effectiveness of their leadership roles in society and the economy, with many attaining memberships in various corporate boards and becoming decision-makers in numerous entities and institutions, there is still a need for a greater understanding of the roles of directors, mechanisms to improve performance, decision-making processes, and ways to enhance their opportunities within boards of directors. This understanding also includes being familiar with the challenges that may be faced and devising appropriate solutions for them.
Asharqia Chamber launches its first meeting in the Owners Meeting' series
08/10/2023
Asharqia Chamber launches its first meeting in the Owners Meeting' series
Asharqia Chamber launches a new initiative titled "Angels Meeting" with the aim of expanding the horizons for owners of family businesses, enthusiasts, and specialists in national experiences and sustainability mechanisms across generations.
The first meeting of the initiative is scheduled to begin on Monday, October 9, 2023, featuring the CEO of Salem Ahmed Balaheem Holding Group, Ahmed bin Salem Balaheem. He will discuss the group's journey towards leadership and continuity across generations, as well as the group's experience in implementing governance and its mechanisms in separating ownership from management.
Badr bin Sulaiman Al-Ruzzaiza, the President of the Asharqia Chamber, stated that the "Owners Meeting" initiative will provide opportunities for family business owners in the Eastern region to learn about successful experiences in sustainability and governance applications. He emphasized the special importance of family businesses as they represent the backbone of the economic life in the Kingdom and the region. This led the Chamber to develop new educational activities to support family businesses in the region.
Al-Ruzzaiza emphasized that given the consecutive changes in the national economy brought about by Vision 2030, which increased reliance on the private sector as a fundamental pillar of growth and development, and considering that family businesses are a key component of the private sector, this initiative confirms the status held by family businesses in the national economy. It aims to familiarize business owners within a realistic experimental framework with best practices in family business governance, all aimed at ensuring the continuity of their businesses in all its forms. It serves as a constant message from the Asharqia Chamber: "Preserving the sustainability of family businesses across generations."
The Events Fund concludes its celebrations for the Saudi National Day at Rashid Mall
25/09/2023
The Events Fund of the Asharqia Chamber concluded its activities held in conjunction with the celebration of the 93rd Saudi National Day over a period of three days at the Rashid Commercial Complex in Al Khobar.
The free events started on Friday, September 22, and continued until Sunday, September 24, 2023, from 4:30 PM to 10:00 PM, featuring 15 diverse activities totaling 19 hours of entertainment. The activities included Saudi cultural displays, art and photography corners, various games, and a main stage for performances.
The events also saw the distribution of souvenir gifts and daily prizes for attendees, as well as celebrating the national joy by distributing flowers, sweets, and gifts to children.
Badr bin Suleiman Al-Ruzzaiza, the Chairman of the Eastern Chamber's Board of Directors, praised the significant participation in the events by the residents and visitors of the Eastern Region during the National Day holiday. He emphasized the success of the entertainment program designed by experts in theater production and family-oriented event organization. He noted that the events achieved several goals, including highlighting the significance of National Day and instilling it in the hearts of children, as well as providing enjoyment and benefit for everyone.
The events featured various lively segments, including competitions, musical performances on the children's stage, and the participation of beloved cartoon characters that children enthusiastically interacted with. The Saudi traditional dance "Ardah" was also performed, and the theater came to life with captivating theatrical shows that conveyed deep national messages. There were dedicated segments for children and daily prizes for attendees, as well as a variety of carnival games presented in dedicated areas, electronic games, and var glasses' presentations.
The Royal Commission for Jubail and Yanbu presents new investment opportunities in Ras Al Khair Industrial City.
25/09/2023
During a workshop in the Asharqia Chamber:
The Royal Commission for Jubail and Yanbu presents new investment opportunities in Ras Al Khair Industrial City.
The Royal Commission for Jubail and Yanbu, represented by the Ras Al Khair Industrial City task force, presented several investment opportunities available to the private sector in Ras Al Khair. These opportunities encompass various sectors, including commercial, residential, and services.
The Royal Commission for Jubail and Yanbu, in a presentation by Eng. Mansour bin Dhafar Al-Obeidi, Director of Commercial and Residential Investment Management in Ras Al Khair, and Mr. Bandar bin Ibrahim Al-Saif, Head of Commercial Investment Department, along with Eng. Abdullah bin Ali Al-Abdali, Head of Business Development Department in Ras Al Khair, highlighted their vision and mission. The Royal Commission's mission focuses on planning, promoting investment, and managing cities in the petrochemical and mining industries. They emphasize cooperation and integration with customers, investors, employees, communities, and other partners.
Under this approach, the Royal Commission oversees four industrial cities in Jubail, Yanbu, Ras Al Khair, and Jazan, strategically located for easy access to local and international markets. Their role includes comprehensive management of these cities and encouraging residential, commercial, and industrial investment through comprehensive strategic planning and providing all necessary services to investors throughout the project's life cycle.
It was mentioned that the Royal Commission's investments, both capital and operational, in infrastructure projects in Ras Al Khair amounted to SAR 13.2 billion until 2022. These investments attracted industrial projects totaling approximately SAR 168 billion, involving 25 industrial investors. Additionally, commercial and residential investments reached approximately SAR 1 billion.
Several private sector investment opportunities were discussed during the presentation, along with their specific locations and areas:
Establishing and operating worker housing (west of Abu Hadriah Road) on an area of 258,282.6 square meters. This represents the first residential investment opportunity within upcoming packages to meet the increasing demand for housing in the city.
Investment opportunity to establish and operate a fuel station on the Jubail-Ras Al Khair Expressway, covering an area of 40,000 square meters. This expressway is the main artery connecting Jubail Industrial City and Ras Al Khair for mining industries.
Investment opportunity to establish and operate a café within the main building of the Royal Commission in Ras Al Khair, covering an area of 12.9 square meters.
The presentation also outlined the process for applying for these investment opportunities through the Royal Commission's electronic investment platform, which facilitates access to and application for investment opportunities provided by the Royal Commission.
The Ports and Free Zones Authority in Djibouti is exploring prospects for cooperation with businessmen in the Eastern region.
23/09/2023
The Ports and Free Zones Authority in Djibouti is exploring prospects for cooperation with businessmen in the Eastern region.
On Tuesday, September 19, 2023, the Eastern Chamber hosted a meeting for businessmen and businesswomen in the Eastern region with members of the Djiboutian delegation currently visiting the Kingdom. During the meeting, both parties acknowledged the depth of the relationship between the Kingdom and the Republic of Djibouti, especially in the economic aspect. They emphasized the importance of communication to enhance and strengthen these relationships for the benefit of both brotherly countries. The meeting also highlighted various wide-ranging opportunities for joint investment.
The meeting, held at the main center of the chamber in Dammam, witnessed official representation from both sides, including Agarid Bint Ihsan Abduljawad, a member of the board of directors of the Eastern Chamber, Ambassador Extraordinary and Plenipotentiary of the Republic of Djibouti to the Kingdom, Diaa Al-Din Said Bamakhrama, Abu Bakr Haddi, the Chairman of the Ports and Free Zones Authority in Djibouti, and Dr. Mansour Al-Turki, the Undersecretary of the Ministry of Transport, Logistics Services, and Sector Development. Additionally, a large number of businessmen and businesswomen attended the meeting.
The attendees emphasized that the present time represents a valuable opportunity for deeper relationships and broader trade exchanges. This is due to the shared ambitions of the leaders of both countries, which confirm cooperation, the exchange of experiences, investments, and the favorable investment environment that both parties have.
In her speech during the meeting, Agarid Abduljawad mentioned that the Kingdom and the Republic of Djibouti have strong and deep-rooted historical relations characterized by growth and development in various fields. She pointed out that the trade between the two countries witnessed a significant increase in 2022, reaching 33.1%. The value of Saudi exports to Djibouti also increased to approximately 9 billion Saudi riyals, compared to around 6.8 billion riyals in 2021 and about 1.6 billion riyals in 2018. Djibouti ranks 30th in terms of countries to which the Kingdom exported in 2022.
Abduljawad also highlighted that the economic and trade relations between the Kingdom and Djibouti are supported by several agreements, including the Trade Cooperation Program aimed at enhancing and developing trade and investment exchanges between the two countries, creating a favorable investment environment, and exchanging experiences and information in various fields.
Abduljawad stated: "Considering the strategic location of our sister Republic of Djibouti, situated prominently between the trade routes of the East and the West, and being a significant gateway to the African market, coupled with our strong and consistently growing economy driven by an ambitious vision, there are new investment opportunities opening up for businessmen in both countries. There are multiple opportunities to enhance trade volumes, establish joint logistics projects, and expand various forms of investment partnerships."
In this context, investment opportunities available in both countries were presented through visual presentations by the Saudi Exports and Imports Bank and the Saudi Ministry of Transport and Logistics Services. The Djiboutian delegation also provided visual presentations on investment opportunities in ports and free zones in Djibouti. During the meeting, an open dialogue took place regarding mechanisms for cooperation between representatives of the private sector in the two sister countries.
Specialist: Marketing is a continuous step in all stages of the business project.
23/09/2023
Specialist: Marketing is a continuous step in all stages of the business project.
A specialist in business project management emphasized the importance of marketing for the project at all its stages, starting from marketing the idea and executing the business plan, in addition to the project implementation stage.
Maison Al Rawajih, the trainer and founder of Zohor Al Mays, said in a lecture organized by the Eastern Chamber, represented by the Women's Empowerment Center, on the evening of Tuesday, September 19, 2023, that the establishment of any business project follows several steps, starting with the project idea, which is usually the result of the investor's passion for a specific field or a desire to solve a problem, or having an idea to develop. Then come the other important steps, including market research to assess the project's feasibility, planning, and setting objectives.
In this stage, feasibility is studied, which includes understanding customers and the nature of the relationship with them, what kind of relationship is expected to be established with them, what products or services will be offered, and what value they will have for the customer. What is the problem being solved, and what needs are being addressed?
Al Rawajih explained that during this phase, it is important to determine which channels will be used to reach customers and which channels are most effective in terms of cost. Within this step, the lecture emphasized the need to identify the key resources necessary to deliver the value promised to customers, as well as key partners. Afterward, the practical steps to launch the project are taken, including licenses and permits, rent value, interior decoration, workforce size, and their specialties.
Specialist: The fashion sector in the Saudi market has a size of 75 billion Saudi Riyals
19/09/2023
During the fashion sector meeting at the Asharqia Chamber.
Specialist: The fashion sector in the Saudi market has a size of 75 billion Saudi Riyals
Asharqia Chamber, represented by the Council of Business Women, held a meeting on the evening of Monday, September 18, 2023, for the design and fashion sector, as part of the "Fashion Initiative," one of the chamber's initiatives aimed at developing and supporting the fashion sector.
Dr. Yassri Al-Muzoughi, the President of the Royal University for Girls in the Kingdom of Bahrain, spoke during the meeting, which was held at the main headquarters and attended by a member of the chamber's board, Agareed bint Ehsan Abdul Jawad. She emphasized the importance of continuous education in honing talent and its impact on the development of the fashion sector, noting that the sector has Saudi designers who offer new and distinctive ideas that enrich this field.
Al-Muzoughi explained that the size of the fashion sector in the Saudi market is estimated at 75 billion Saudi Riyals, with an annual growth rate of 3 percent. She pointed out that the market employs 230,000 people, 66 percent of whom are women.
She also stated that the fashion sector is witnessing significant competition, especially in the Gulf region. She emphasized that the Saudi market faces internal competition among Saudi male and female designers, and it also faces competition from counterparts in the Gulf Cooperation Council countries. She stressed that staying ahead requires innovative and distinctive ideas and continuous experimentation.
Al-Muzoughi highlighted the importance of understanding other cultures and benefiting from global experiences that contribute to enriching the designer's experience. She noted that men today are more interested in presenting a striking and modern appearance. They are more careful and attached to their traditional clothes, but they are also eager for modern clothing and fashion trends. This represents a new challenge and an enticing investment.
Furthermore, Al-Muzoughi pointed out that deepening one's involvement in the field of fashion opens multiple doors for designers. Investment does not stop at designing daily and occasional clothing, but it extends to designing clothing for theater and cinema, which is witnessing significant interest in Saudi Arabia due to the country's openness to the world and the hosting of film festivals and theatrical events that require extensive production of specialized clothing.
She also emphasized that the Saudi market is rich in talented Saudi designers, indicating that talent is essential in the fashion sector, but it needs study, continuous learning about what is new, and effective marketing to convey their ideas to others.
Al-Muzoughi highlighted the importance of focusing on the new global trend towards investing in fashion that uses natural and environmentally friendly materials to enable their reuse multiple times. She noted that this has become a separate and promising specialization for designers and producing companies.
Asharqia Chamber concludes the training program "Global Oil and Energy Industry.
17/09/2023
Asharqia Chamber concludes the training program "Global Oil and Energy Industry.
Asharqia Chamber, in cooperation with the Industry and Energy Committee, concluded the training program "Global Oil and Energy Industry" on the evening of Wednesday, September 13, 2023. The program took place over two days at the Chamber's headquarters.
The program, accredited by the General Organization for Technical and Vocational Training, had 35 trainees from the industrial sector. It was attended by the Chairman of the Industry and Energy Committee at the Chamber, Ibrahim bin Mohammed Al Sheikh, and the strategic partner of the program, Tamimi Energy Group, represented by Naif bin Mohammed Al-Qahtani, Deputy President for Public Services.
The program, which consisted of 5 training hours over two days, targeted individuals interested in the oil, gas, and renewable energy industries, as well as professionals in sectors related to the oil and gas industry. Dr. Sami bin Abdulaziz Al Nuaim delivered the program.
The program covered several key topics, including an introduction to the energy industry, its sources, and its developmental role, the origin and history of oil, its importance, extraction and development processes, refining, the future of the global oil and gas industry, challenges facing the industry, and factors influencing oil prices in global markets.
The program also discussed energy sources, their developmental significance, the importance of the global oil and gas industry, environmental challenges in the oil industry, and the largest companies in the oil and energy sector.
Asharqia Chamber prepares to launch the “Jobs 2023” exhibition
12/09/2023
Asharqia Chamber prepares to launch the “Jobs 2023” exhibition
Asharqia Chamber, represented by the Employment Center, is preparing to launch the 9th edition of the “Jobs 2023” exhibition, which is organized under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Emir of the Eastern Province, at the Dhahran International Exhibitions “Dhahran Expo”.
The exhibition, which is witnessing a great demand from companies, will be held for 4 days, starting on Monday, October 23, 2023, and continuing until Thursday, October 26, 2023. It receives job seekers from 1 pm to 8 pm.
The event, which is considered the most prominent in the field of employment in the Eastern Province, keeps pace with the continuous development in the human resources sector and the new specializations that have become a demand for the labor market. It also highlights national competencies that hold qualitative degrees and certificates capable of keeping pace with companies’ aspirations and future plans.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Ruzaiza, explained that the Asharqia Chamber will display this version of the exhibition with modern and diverse technical capabilities so that it will be easier for job seekers of both sexes to search for job opportunities and register among those applying for them, expressing his hope that the 2023 Jobs Exhibition will contribute to achieving The success achieved by past editions, which contributed to employing many national energies in various work sites in private companies and institutions.
Pointing out the interest of the business sector in the exhibition, as the Chamber receives continuous requests to participate.
Al-Raziza called on companies and institutions to quickly participate and reserve their places in the exhibition, indicating that the exhibition aims to achieve communication between the business sector on the one hand, and employment service providers and specialists in human resources management and employment on the other hand, and between these parties and job seekers on the third hand.
Al-Raziza said that many Saudi students who recently completed their studies, whether inside or outside the Kingdom, chose various new specializations that the nation needs to create the future. Many of them even completed graduate studies in order to be more knowledgeable and more in-depth in the specialization, pointing out that the new specializations are indeed qualitative. It keeps pace with the Kingdom’s Vision 2030, and has become in great demand from the business sector. Hence, the exhibition is considered a valuable opportunity for those with these specializations to find the job opportunities that suit them, as the exhibition witnesses participation from companies that work in fields interested in making change.
Asharqia Chamber and the Social Development Bank conclude the "Saudi Empretec" program
11/09/2023
The program was held over 6 days with the participation of 32 male and female entrepreneurs.
Asharqia Chamber and the Social Development Bank conclude the "Saudi Empretec" program.
The Bank of Social Development, in collaboration with the Asharqia Chamber of Commerce, represented by the Women Empowerment Center, concluded the 'Empretec Saudi Arabia' program on Thursday, September 7, 2023. The program is one of the United Nations Conference on Trade and Development's (UNCTAD) initiatives designed for entrepreneurs. It aims to develop entrepreneurial skills that contribute to project development, competitiveness, and local project development.
The program, which was held for the second time as part of the Women Entrepreneurs initiative, spanned over 6 days and featured several professional trainers. It saw the participation of 32 male and female entrepreneurs. The program was designed to develop and enhance personal entrepreneurial capabilities, as well as to build micro, small, and medium-sized enterprises in a sustainable and competitive manner to create wealth, local development, job opportunities, and community improvement.
The training program focuses on acquiring and enhancing the entrepreneurial behaviors needed by business owners to support them in improving the efficiency and competitiveness of their businesses, both locally and internationally. This was achieved through participation in a training workshop that focused on building successful entrepreneurial behaviors. The program was scientifically designed to observe and strengthen an individual's entrepreneurial potential to build dynamic projects capable of competing both locally and internationally.
The workshop discussed the hypothesis that the desire to establish successful projects or companies is a social behavior that may exist in individuals and can be activated as a clear behavior through appropriate training methods. The workshops aimed to familiarize business owners and entrepreneurs with the patterns of successful entrepreneurial behavior so that they can identify, recognize, and evaluate these patterns in themselves and others. This enables them to strengthen the necessary behaviors for managing their own businesses.
The training workshops conducted within the program aimed to clarify the difference between managing routine work and establishing an institution based on the concept of continuous growth. They encouraged networking, information, and experience exchange among participants, highlighted their strengths and weaknesses thoughtfully, and helped create comprehensive business plans to increase their chances of success.
Furthermore, the workshops aimed to establish a culture of continuous learning among participants, develop their ability to understand changes and updates in the job market, and adapt to them. They also aimed to build a communication network among program graduates, both locally and internationally, and enhance the participants' inclination and capabilities to identify commercial business opportunities, set challenging goals, deal with complex situations, and ensure customer satisfaction.
Asharqia Chamber ranks among the top 100 Asian organizations in the working environment.
06/09/2023
Asharqia Chamber ranks among the top 100 Asian organizations in the working environment.
Asharqia Chamber has achieved a new milestone in its internal working environment. It has been selected by the global research and consulting company "Great Place to Work" as one of the top 100 organizations in Asia in this regard. This recognition comes after the Chamber's achievement of the ninth position within the best working environments in the Kingdom just a few months ago, as analyzed by the same specialized global company.
The Chairman of the Asharqia Chamber's Board of Directors, Badr bin Suleiman Al-Ruzzaiza, stated that the working environment within the Chamber is thriving. This is evident in several aspects, including the stability and job continuity among the Chamber's workforce and talents. He noted that the Chamber's achievement of this recognition reflects its rising and expanding performance in delivering its outputs to the business sector. It also represents a commitment to the internal working environment and motivating factors for its employees, as well as its continuous dedication to excellence and leadership, not only at the local level but also at the regional and international levels, ultimately reaching the highest levels of performance.
He emphasized that providing an ideal working environment in the Chamber is one of the strategic goals it places at the top of its priorities. This stems from its firm belief that excellence and leadership in providing services to its members and the entire business sector can only be achieved by creating a work environment that encourages productivity and creativity.
Al-Ruzzaiza highlighted the continuous effort to support a culture of excellence, starting from the mission formulated for its human resources. The mission aims to motivate its workforce to carry out their work with the highest level of professionalism and expertise, meeting the aspirations of the private sector. This has led to a policy of continuous development through optimal investment in available resources, the adoption of cutting-edge technologies, and empowering competencies.
With the attendance of 25,000 visitors and the participation of 300 families and artisans, the Asharqia Chamber concludes 'My Industry 2023
04/09/2023
"With the attendance of nearly 25,000 visitors and the participation of 300 productive families, artisans, and handicraft business owners,Asharqia Chamber concluded the 'My Industry 2023' exhibition on the 2nd of September 2023. The exhibition took place over five consecutive days and was held under the patronage and auspices of His Royal Highness Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, at the Dhahran Expo grounds."
The exhibition, aimed at promoting the concept of self-employment, fostering entrepreneurship and private enterprise, and enhancing collaboration between support associations for productive families, artisans, and the preservation of local heritage through handicrafts, witnessed significant interest from visitors. They praised the various products displayed in different sections, whether related to productive families or artisans and handicraft businesses. They expressed their delight with the festive atmosphere, organization, and coordination that the exhibition demonstrated throughout its five days.
Badr bin Suleiman Al-Ruzaiza, the President of the Asharqia Chamber, expressed his happiness at the success of the exhibition and the increase in the number of visitors to around 25,000. These visitors got to know the products of productive families and artisans, contributing to their support and their role as added value to the national economy. He stated that the exhibition served as an important marketing platform, generating profits for the participating exhibitors, which would enhance their sustainability and income generation. He emphasized that "My Industry 2023" is a continuation of the Eastern Chamber's commitment to the importance of productive families and artisans, recognizing their potential contribution to economic development, revitalizing production and marketing, and providing employment opportunities for various segments of society.
He stated that the Chamber seeks to be a pioneer in adopting initiatives related to society, as it is part of this society, and finds it its responsibility to contribute to its development, raise its status, and raise the level of its giving to serve the nation as a whole, noting that the Chamber pays special attention to social responsibility, and is keen to implement Many activities with a social dimension.
He further stated that the Chamber aims to be a leader in adopting initiatives related to the community, as it is an integral part of that community. It considers it its responsibility to contribute to its development, elevate its status, and enhance its level of contribution to serving the nation as a whole. He pointed out that the Chamber places special emphasis on social responsibility and is committed to implementing various socially-oriented activities.
Al-Ruzaiza emphasized that the exhibition underwent extensive preparations to present it in the manner it appeared throughout its five days. He praised the teamwork and their role in executing the exhibition in a dignified manner. He pointed out that the increase in the number of participants from families, associations, and government entities carries many positive outcomes, building on what the exhibition has achieved in previous editions, as well as what the Chamber has been offering in terms of comprehensive economic awareness over the years.
This year's exhibition had the participation of 300 productive families, artisans, and handicraft business owners, all of whom received exceptional training support from the Chamber's Social Responsibility Center in coordination with the Social Development Bank in preparation for their participation in the exhibition.
To ensure the continuity of the products from productive families and artisans, the Chamber provided visitors with an electronic marketing directory containing the names of all participating productive families, along with information about their products and contact details, making it easier for visitors to reach out to them after the exhibition to purchase their products.
"Sanati" is one of the initiatives of the Asharqia Chamber, established since 2015, with the aim of enhancing the status of productive families and artisans in the region, making them an added value to the national economy by providing them with suitable marketing platforms to showcase their products.
Eastern artisans grab attention with their creations in my craft 2023
31/08/2023
"The ' my craft 2023' exhibition, organized by the Asharqia Chamber at Dhahran Expo, witnessed a growing turnout from the residents and visitors of the Eastern region. The event, which continues until Saturday, September 2nd, has attracted people due to the skillful and handcrafted products offered by participating families, craftsmen, and artisans.
'Sanati' continues to welcome visitors who are drawn to the exhibits showcased by participants, whether in crafts, handicrafts, decorations, accessories, woolen clothing, perfumes, or spices.
Asharqia Chamber ensured that this year's exhibition included 324 marketing booths, each featuring a collection of specialized sections. Additionally, there is a section dedicated to associations and developmental centers that support productive families, craftsmen, and artisans. There is also a special corner for children where they engage in various activities such as drawing, games, physical activities, and electronics.
Tree Recycling"
Among the distinguished sections, the Crafts and Handicrafts section stands out, encompassing around 150 booths where artisans showcase their artistic creations and present high-quality products in terms of design and craftsmanship. A standout booth is "Aabith Khoush" which offers artistic masterpieces ranging from dining and coffee tables to incense burners, trays, dishes, and even pens – all crafted from natural tree woods such as olive, acacia, and local palm trees.
The owner of the booth, Ali Abdullah Al Shomli, shares that he has had a passion for woodworking since childhood. He has a deep enthusiasm for wooden work. He started contemplating how to present distinctive items and came up with the idea of recycling cut tree woods or those destined for burning into artistic masterpieces. With the encouragement of family, friends, and followers, he has gained a wide customer base across various regions of the kingdom. He expresses his hope to expand further and establish an international clientele network by exporting his works beyond the borders of the kingdom.
"Art of Knotting"
From "Aabith Khoush" to "Dhaha Akhdar," the owner of the "Art of Mokramiat" booth, presents products inspired by the art of knotting, an authentic Arabian art form. The name "Dhaha Akhdar" is derived from this art form, according to her, as all her creations are made without the use of needles. All stages of her work are limited to hand-knotting alone. She learned this art from a Mexican family with Native American origins during her studies in Canada.
She mentions that the art of knotting is incorporated into various household items, as well as being used in making fishing nets. She introduced this technique into crafting hanging chairs, suspended tree nets, bag straps, and many other products.
She is keen on spreading the art of knotting among young girls by organizing training courses for those interested in practicing this craft. She notes that she has successfully trained around 210 trainees with disabilities, teaching them various aspects of the craft and providing suitable mechanisms for acquiring the skill.
"A World of Stories"
In the booths dedicated to perfumes, coffee, and spices, visitors find themselves immersed in a world filled with details, passion, ambition, and positive efforts to present high-quality and meticulously crafted products. The creators of spices have captured the attention of visitors, especially those seeking cleverly blended spices with delightful flavors. These creators skillfully craft a wide range of spices, and the enthusiasm they exhibit is apparent in their expertly made products.
Likewise, there is a growing interest in vendors offering coffee blends. These vendors express their happiness to participate in the exhibition, praising the organizers for the arrangement, coordination, and prompt response to their requests. The booth owners specializing in perfumes also catch the eyes of visitors as they showcase a variety of Arabian and Western perfume blends. A common trait among all of them is their passion to establish their fragrances as "registered trademarks under their names."
In the same context, participants commend the well-organized setup that allowed them to display their products in more engaging ways. One of the crochet and knitting booth owners noted that the exhibition provided her with an opportunity to showcase her handmade products to a larger audience. She mentioned her dedication to knitting for a while now and praised the occasional training workshops that contribute to developing her craft. She hopes her dream of having a complete knitting workshop will come true.
"Strengthening Local Products"
Among the booths and wandering among the diverse sections, we collected opinions from some visitors. Mohammed Abdullah expresses his surprise at what he has witnessed, particularly in terms of the arrangement of the booths, their number, and the variety of their products. He mentions that he's accustomed to visiting exhibitions of local artisanal products, but he finds a new identity being established in this edition that solidifies the concept of local artisanal products. He emphasizes that most of his acquisitions come from exhibitions of local artisanal products, highlighting his high confidence in their products due to the intricate details in their craftsmanship that are not found elsewhere.
He underscores the comprehensiveness of the exhibition and appreciates the presence of a designated and secure area for young children. He also mentions that he has purchased many products, particularly the artisanal ones.
The Prince of the Eastern Province inaugurates the "My Industry 2023" Exhibition
30/08/2023
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, inaugurated on Tuesday, August 29, 2023, the "My Craftsmanship 2023 AD" exhibition, which is organized by the Asharqia Chamber in its sixth edition, for a period of 5 days at the Dhahran Exhibition Center "Expo", with the participation of 300 productive families and owners of crafts and businesses. handicrafts, 25 NGOs and 5 government agencies.
His Highness appreciated the empowerment of productive families and the opportunity for them to participate in this exhibition, stressing the wise leadership's support for the creations and talents of all sons and daughters of the country, especially the talents that have added value.
The exhibition aims to develop and qualify local producers, craftsmen, and artisans, helping them market their products and introduce themselves to the public. It also seeks to encourage and motivate them to establish their own projects.
His Royal Highness, the Prince of the Eastern Province, honored the sponsors and supporters of the "My Industry 2023" Exhibition, both from governmental and private entities. He received a plaque bearing the identity of the sixth edition of the exhibition and toured the event. During his visit, he received an explanation from Badr bin Suleiman Al-Ruzaiza, the Chairman of the Chamber, about the exhibition, its pavilions, corners, and its goals aimed at promoting the culture of freelancing among local producers, craftsmen, and artisans. His Royal Highness expressed his admiration for the exhibition and the offerings of the participants.
On his part, Al-Ruzaiza clarified that the exhibition is aligned with the Chamber's support for Vision 2030 objectives. It contributes to diversifying the economic base according to a comprehensive strategic plan for various economic sectors, including the sector of local producers, craftsmen, and artisans. This sector holds both economic and social value. He noted that the exhibition works towards equipping participants with the necessary skills, aiming to transform them into entities that add value to the regional economy. It also aims to foster their development and growth, enabling them to establish sustainable sources of income.
He further mentioned that this edition of the exhibition targets over 300 local producing families, aiming to enhance their contributions in developing their activities and marketing their products. The booths have been allocated to these families, craftsmen, and artisans free of charge. He noted that the participants were selected based on a set of criteria, and prior to the exhibition, a series of progressive training courses and programs were conducted in collaboration with the Social Development Bank to prepare the participants.
He also stated that a printed and electronic guide has been provided for visitors, containing the names of all participating families, craftsmen, and artisans, along with details about their products. This includes their contact information, making it easier for visitors to continue engaging with them beyond the exhibition and facilitating the ongoing marketing of their products throughout the year.
The exhibition includes participation from the Ministry of Human Resources and Social Development's branch in the Eastern Province, the Eastern Province Council for Social Responsibility, the Social Development Bank's branch in the Eastern Province, the Heritage Authority's branch in the Eastern Province, in addition to the Saudi Arab Arts Association in Dammam.
The activities of "My Industry 2023" commence today at Dhahran Expo.
30/08/2023
The activities of "My Industry 2023" commence today at Dhahran Expo.
Starting today and continuing until September 2, 2023, under the patronage of His Royal Highness Prince "Saud bin Naif bin Abdulaziz," the Prince of the Eastern Province, the events of the "My Industry 2023" exhibition for local producers, craftsmen, and artisan businesses are set to take place. Organized by the Eastern Chamber in its sixth edition, the exhibition features the participation of around 300 exhibitors, 25 civil associations, and nearly 5 governmental entities. The exhibition is located at Dhahran Expo Grounds, Dammam-Al Khobar Coastal Road.
In discussing the exhibition, Badr bin Suleiman Al-Ruzaiza, the Chairman of the Eastern Chamber's Board of Directors, emphasized that the exhibition has been a strategic choice for the Chamber since 2015. It serves as a direct marketing channel that enables families, craftsmen, and artisans to engage directly with the exhibition's visitors. He highlighted the Chamber's extended role in promoting the culture of freelancing as a strategic objective, driven by its strong belief that the sustainability and expansion of the freelancing sector in the country are indicators of the quality and robustness of the national economy.
Al-Ruzaiza stated that the exhibition aims to provide training and qualification for local producers, craftsmen, and artisans by offering them the opportunity to showcase and sell their products and establish sustainable marketing channels. It also encourages entrepreneurship, freelancing, and motivates the community to establish home-based investments, all of which contribute to the preservation of national heritage, handicrafts, and the promotion of national identity.
He also mentioned the training programs carried out by the Chamber for participants in collaboration with the Social Development Bank prior to their participation in the exhibition. These programs aimed to develop their capacities and equip them with professional, managerial, and creative skills to enhance product quality. He emphasized that these programs focused on imparting fundamental principles in project establishment, introducing the latest marketing methods and their roles in project success, as well as educating participants on using social media and building their brand identity.
Regarding the supporting entities of the exhibition, Al-Ruzaiza mentioned that around 25 civil associations and nearly 5 governmental entities are participating in the exhibition, including: the Ministry of Human Resources and Social Development's branch in the Eastern Province, the Eastern Province Council for Social Responsibility, the Social Development Bank's branch in the Eastern Province, the Heritage Authority's branch in the Eastern Province, and the Saudi Arab Arts Association in Dammam.
He pointed out that a platform has been allocated for the General Directorate of Prisons, providing an opportunity for inmates with skills and crafts to showcase their products. Similarly, a platform has been designated for the Iffah Association for Disability Care to exhibit their creations.
Al-Ruzaiza clarified that a printed and electronic directory has been made available for visitors, containing the names of all participating families, craftsmen, and artisans, along with details about their products. This facilitates post-exhibition communication, allowing the public to easily reach out to participants after the event concludes. He expressed hope for the success of the exhibition, aiming for effective participation from the exhibitors and an opportunity for the Eastern Province's community to become acquainted with their creative works.
"Ashaqria Chamber" will launch the sixth edition of its Made by My Family Exhibition 2023 AD next Tuesday.
27/08/2023
"Ashaqria Chamber" will launch the sixth edition of its Made by My Family Exhibition 2023 AD next Tuesday.
Under the patronage of His Royal Highness, Prince Saud bin Naif bin Abdulaziz, the Prince of the Eastern Province, Asharqia Chamber is launching its sixth edition of the Made by My Family Exhibition 2023 AD for five consecutive days starting from Tuesday, August 29th, until Saturday, September 2nd, 2023 AD. The event will take place at Dhahran Expo's exhibition grounds, Dhahran-Dammam Coastal Road, Al Khobar.
Asharqia Chamber, represented by its Center for Social Responsibility, organized several preparatory programs and meetings in collaboration with the Social Development Bank in anticipation of the exhibition. These efforts were aimed at preparing and equipping families and associations for active participation in the exhibition.
Badr bin Suleiman Al-Ruzaiza, the Chairman of the Board of Directors of the Asharqia Chamber, stated that the organization of the "Made by My Family" exhibition for the sixth time is part of the Chamber's continuous support for projects, programs, and events that align with national efforts to enhance a sector that plays a strong role in the national economy. He noted that the exhibition will span five consecutive days, allowing participating families, craftsmen, and artisans to showcase and sell their products. He also mentioned that all preparatory work for the exhibition has been completed and it is now ready for opening.
Al-Ruzaiza clarified that this edition of "Made by My Family" will feature around 300 participants, including 22 incubator associations and approximately 5 government entities. He pointed out that this year's exhibition is divided into several sections based on the type of products offered by the participating families. Additionally, there are sections dedicated to crafts, handicrafts, and artistic creations.
He stated that the Chamber's continued organization of the "Made by My Family" exhibition is in line with its vision and mission to support projects, programs, and events that align with national efforts to enhance all productive sectors, including the sector of productive families. This sector is considered an economic contributor that can contribute to the development of the national economy, stimulate production and marketing, and provide employment opportunities for both men and women. He emphasized that the Chamber will continue its efforts towards developing and enhancing productive families by providing them with the necessary vocational, managerial, and marketing skills, enabling them to rely on themselves and secure a sustainable source of income.
Asharqia Chamber launches its training programs as part of its preparations for the industries of 2023.
22/08/2023
Asharqia Chamber launches its training programs as part of its preparations for the industries of 2023.
During the current week, the Eastern Chamber is launching a series of training programs in collaboration with the Social Development Bank, as part of its preparations for the launch of its exhibition for productive families, crafts, and handicrafts ("My Industry 2023"). The Chamber is organizing the sixth edition of this event under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province. The exhibition will take place from August 29th to September 2nd, 2023, at the Dhahran Expo grounds on the Dammam-Khobar Coastal Highway.
The training program aims to prepare participating productive families, visual artists, and artisans for the exhibition by enhancing their capabilities and providing them with the necessary professional, managerial, and creative skills. This is intended to elevate the quality of their products by improving their craftmanship and presenting their products in a more professional manner. Additionally, the program seeks to equip them with marketing, pricing, networking, and social communication skills.
The Chairman of the Asharqia Chamber of Commerce, Badr bin Sulaiman Al-Ruzaiza, emphasized the importance of these preparatory programs in collaboration with the Social Development Bank. He highlighted that these programs are a fundamental pillar in the Chamber's plan for hosting the sixth edition of the exhibition. They follow a methodological approach to ensure continuity and success. He noted that the Chamber intends to execute a number of relevant training programs aimed at developing, qualifying, and enhancing the skills of the participating families, centers, and associations before the exhibition takes place.
Al-Ruzaiza stated that the Asharqia Chamber's organization of the "My Industry" exhibition for the sixth time falls within the framework of the Chamber's continuous support for projects, programs, and events that align with national efforts to enhance a sector that plays a significant role in the national economy. He pointed out that the productive families sector is a promising sector in the Eastern Province due to its broad base, diverse products, and accumulated expertise over the years. He highlighted the numerous advantages of this sector, both economically and socially, which motivated the Asharqia Chamber to adopt a strategic plan with long-term goals aimed at elevating the productive families sector.
Al-Ruzaiza considered "My Industry 2023" to be a direct and more effective platform for organizing and developing the work of productive families. He affirmed that the Chamber will continue its efforts towards the development and growth of productive families, providing them with the necessary professional, managerial, and marketing skills. This approach aims for these families to become self-reliant and secure a sustainable source of income.
22 incubator associations participate in "Sanati" 2023 exhibition
10/08/2023
Asharqia Chamber continues its preparations to organize the event at the end of this month
22 incubator associations participate in "Sanati" 2023 exhibition
Asharqia Chamber continues its intensive preparations to launch its sixth edition of its exhibition for productive families and owners of crafts, arts and handicrafts, "My Craft 2023 AD", at the end of this month, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region.
About 5 official bodies and 300 exhibitors are participating in the exhibition this year, whose work varies between handicrafts, painting, decoration, fashion design, perfumes, incense, coffee, and sweets, in addition to many associations and incubators, and 22 incubating associations participate in the exhibition, which will be held for 5 days. It will run from Tuesday, August 29 to Saturday, September 2, 2023.
The Chairman of the Board of Directors of the Chamber, Badr bin Suleiman Al-Ruzaizah, said that “Sanaty” since the launch of its first edition in 2015 AD aims to stimulate energies and expand circles of interest by increasing the contribution of these groups, which enjoy great support at the official level, in developing their activities and marketing their products through the free exhibition pavilions. Pointing out that this new edition of the exhibition included setting a set of criteria for selecting the categories participating in the exhibition, and that it precedes its launch with a variety of marketing training courses and programs for all participating groups, in order to give them the opportunity to benefit from these programs and courses offered by a group of specialists.
Al-Ruzaiza stressed that the exhibition comes within the framework of the Chamber's continuous support for projects, programs and events that are in line with the national efforts to upgrade a sector that can play a strong role in the national economy, and that the Chamber relies on a strategy based on: that these categories represent an option within the options of the Kingdom's Vision 2030 AD, which prompted it to Adopting initiatives, offering programs and courses, and holding exhibitions, saying, Therefore, the sector of productive families and owners of crafts and handicrafts has gained a large share of the Chamber’s attention, so it placed it among its goals of social responsibility, and sought to make it a value-added sector in the national economy.
6 official bodies and 300 male and female exhibitors will participate in the “My Craftsmanship 2023” exhibition, next August
31/07/2023
6 official bodies and 300 male and female exhibitors will participate in the "My Craftsmanship 2023" exhibition, next August.
The sixth edition of the activities of the “Productive Families, Crafts, and Handicrafts Exhibition " My Craftsmanship 2023" will witness the participation of 6 official entities in the exhibition, which is organized by the Asharqia Chamber from Tuesday, August 29 to Saturday, September 2, 2023 AD, under the auspices of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, in the exhibition grounds of the "Dhahran Expo" company, Dammam - Al-Khobar Al-Sahili Road.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, explained that 6 government agencies attend the exhibition. And about 300 participants, male and female. The participants’ work varies between handicrafts, painting, decoration, fashion, perfumes, incense, coffee, and sweets. It aims to increase the contribution of these groups in developing their activities and marketing their products through the free exhibition pavilions.
Al-Ruzaiza said that the exhibition is attended by the Ministry of Human Resources and Social Development, the Social Development Bank, the Heritage Authority branch in the region, the Eastern Region Council for Social Responsibility, the Culture and Arts Association in the region, and the Eastern Prisons.
He indicated that there are many advantages granted to productive families and owners of crafts, arts, and handicrafts participating in the exhibition, foremost of which is their access to free training courses before the exhibition is held, in addition to their inclusion in the marketing guide that the Chamber will issue in conjunction with the exhibition.
It is noteworthy that the Asharqia Chamber has set a set of criteria for selecting the groups participating in the exhibition, and that the exhibition will be preceded by a series of developmental training courses and programs for all groups, to provide an opportunity for all participating groups to benefit from these programs and courses offered by elite specialists.
The Chamber continues its intensive preparations for organizing the exhibition, as "My Craftsmanship 2023" seeks to provide support to productive families through participation and giving the opportunity to market their products and the possibility of communicating with the business sector and establishing partnerships to work on developing products and the mechanism for offering and marketing them in line with the aspirations of both parties, in addition to contributing to the upgrading of the product and its components.
It is worth noting that the exhibition has a modern style in this version, a new style of presentation that makes it easier for the attendees to choose the appropriate path for their desires and interests and to navigate it with great flexibility.
Asharqia Chamber launches the "Initiative to Support and Empower the Contracting Sector 2023", with the participation of 38 trainees
25/07/2023
Asharqia Chamber launches the "Initiative to Support and Empower the Contracting Sector 2023", with the participation of 38 trainees
Asharqia Chamber, represented by the Training Center, in cooperation with the Contracting Committee, launched the "Initiative to Support and Empower the Contracting Sector 2023", which aims to develop the skills of private sector employees, on Monday evening, July 24, 2023, and it will last for two days.
The initiative was launched in the presence of a member of the Board of Directors of the Asharqia Chamber, the Chairman of the Contracting Committee, Hamad bin Hammoud Al-Hammad, and the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel.
The initiative presents the first program - within a series of subsequent programs - entitled "Arbitration Mechanisms in Contracting Contracts", as the programs aim to raise the level of job performance And the development of the knowledge and skills of national competencies in keeping with the aspirations of the Kingdom’s Vision 2030, and 38 employees of various companies specialized in the field of contracting in the eastern region participate in it. The program is provided by the legal advisor Fares bin Muhammad Al-Shammari, and the trainee deserves a certificate approved by the Technical and Vocational Training Corporation after completing the training hours.
For this part, Al-Hammad said: In this regard, we see that development and growth in the contracting sector are centered to a large extent on the human element, through which planning, implementation, and development take place, and based on this initiative, the Asharqia Chamber represented by the Contracting Committee continues to perform its roles to advance this sector, which is one of the economic sectors that most attract the workforce in general and the national one in particular, and therefore it carries added value to our national economy through its support for Emiratisation efforts.
The program aims to identify the legal nature and method of resolving disputes for the contracting contract and its affiliated contracts in light of the presence of the arbitration clause and how to address the problem of the contract and its procedures in the event of the presence of multiple parties.The most important challenges related to construction contract disputes and arbitration procedures in contracting contracts are the extent to which the arbitration clause extends to others, and the trainees are subject to practical applications.
Asharqia Chamber reviews the requirements and requirements for clearance with the Food and Drug General Authority
25/07/2023
Asharqia Chamber reviews the requirements and requirements for clearance with the Food and Drug General Authority
A workshop organized by the Asharqia Chamber represented by the Logistics Committee in cooperation with the Food and Drug Authority confirmed that setting controls and requirements for clearance for products subject to the authority’s control (food – medicine – medical devices) aims to ensure the availability of safe and sound products in the local market, raise operational efficiency and enhance compliance with the requirements and requirements of specifications and technical regulations for products, as well as help protect society from all products that are unfit for use, thus ensuring food safety, drug efficacy, and the safe use of medical devices and supplies.
During the workshop held on Monday, July 24, 2023 AD, officials in the authority said, “Requirements and requirements for clearance with the Food and Drug General Authority,” that the authority confirms that all products imported to the Kingdom comply with the technical specifications and regulations, and include food and drug products, medical devices and cosmetics.
The officials also indicated the need to review the specifications and regulations for each product before the import process, to ensure that they comply with the specifications and technical regulations, to avoid preventing them from entering the Kingdom’s markets, with the need to adhere to the requirements and requirements for transportation and storage.
As for pharmaceutical products, the reasons for rejection often come from failure to meet the clearance requirements or that transportation and storage took place in conditions that do not suit the quality of the incoming products. The most important reasons for rejecting cosmetic products, it is due to several reasons, the most important of which is the non-registration or inclusion of the products in the Authority’s systems, or transportation by inappropriate means that do not protect the products from exposure to sunlight, heat, and humidity. The product does not pass the approved tests, or if there are medical claims on the products.
The head of the central clearance in the eastern sector of the Food and Drug Authority, Fahd Al-Sharari, the senior expert in clearance operations Walid Al-Suwaih, the senior expert in clearance operations Muhammad Al-Zahrani, and the senior expert in clearance operations Saeed Al-Hassan, spoke at the workshop. The workshop was moderated by Ibrahim Al-Fuhaid, deputy head of the logistics committee in the chamber.
Asharqia Chamber reviews the double trailers project at the Logistics Partnership Council meeting
23/07/2023
Asharqia Chamber reviews the double trailers project at the Logistics Partnership Council meeting
The Director General of the Logistics Sector in the NDLEP Program, Engineer Muhammad bin Hashem Al-Shammari, explained that the double trailers project contributes to supporting the logistic, commercial, industrial, and transport sectors, by increasing the capacity of trucks.
Al-Shammari added, in a meeting organized by Thursday, July 20, 2023, the Asharqia Chamber represented by the Logistics Committee, entitled: Meeting of the Logistics Partnership Council, and its dialogues were moderated by the head of the committee, Rakan bin Abdul Rahman Al-Attishan, that one of the expected positive effects of implementing this project is to contribute to rationalizing fuel consumption, preserving the environment and road infrastructure, and reducing accidents and deaths, and thus keeping pace with the national strategy for transportation and logistics to achieve Vision 2030.
He said there are other effects of implementing this project, including the facilitation of transporters, and the speed of transporting materials. Therefore it represents promising investment opportunities for the private sector.
Regarding the specifications of the three compartments, he indicated that the permissible weight reaches 60 tons, with a total length of 25.25 meters and a height of 4.80 meters, in addition to the requirement to install a plate on the front and rear of the truck containing the phrase "long vehicle".
The representative of the Ministry of Transport and Logistics gave a presentation on the unified logistics window "Loogisti Platform", where the Logistics platform is one of the initiatives of the transport and logistics system in the National Industry Development and Logistics Program (NIDLP), which aims to define a reference for commercial activities related to the logistics sector, improve procedures for obtaining logistical licenses, and provide licensing services in one electronic platform.
The "Asharqia" and "Hafr Al-Batin" chambers sign a memorandum of understanding to promote joint business
19/07/2023
The "Asharqia" and "Hafr Al-Batin" chambers sign a memorandum of understanding to promote joint business
On Wednesday, July 19, 2023, the Asharqia Chamber concluded a memorandum of understanding with the Hafar Al-Batin Chamber to enhance joint work, coordination, and integration to serve the objectives of the two parties, in the technical and administrative fields, aiming to raise the level of cooperation and coordination between them to serve the business sector.
Today, Wednesday, the Chairman and members of the Board of Directors of Hafar Al-Batin Chamber visited the Asharqia Chamber, during which they met with the Chairman and members of the Board of Directors of the Chamber and several heads of specialized committees and the General Secretariat.
The memorandum, signed by the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, and his counterpart, the President of Hafr Al-Batin Chamber, Salman bin Hassan Al-Aqeel, stipulated the exchange of experiences, the organization of joint meetings, and coordination between the sectoral committees in aspects that serve the business sector for the subscribers of the two chambers.
The memorandum reviewed the working mechanism for implementing and achieving its objectives, which begins with holding meetings between the members of the Board of Directors in the two chambers to discuss common issues and ways to deal with them, organizing a program of practical visits for the employees of both parties to get acquainted with the existing organizational units and the services they provide, and assigning some employees of the Hafar Al-Batin Chamber for training and carrying out tasks. In similar departments in the Asharqia Chamber to acquire appropriate skills, provide suggestions in establishing information bases that suit the existing needs of the Hafar Al-Batin Chamber, and contribute to the available means and capabilities in developing training centers between the two parties according to the scientific foundations of training planning to suit the programs that are implemented with actual training needs.
The memorandum focused on joint work by organizing some joint activities and developmental areas of interest to business owners, encouraging and proposing the establishment of some joint projects for business owners, organizing meetings between sectoral committees for business owners involved in the membership of the two parties, and organizing meetings between the business sector of the two parties in each specific activity. Discuss common issues and obstacles and put forward proposals to address them.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiz, considered this cooperation a complement to a joint process based on cooperation and integration to support business opportunities in the Eastern Region, indicating that the two chambers will work side by side in supporting the Kingdom's Vision 2030.
The Chairman of the Hafar Al-Batin Chamber, Salman bin Hassan Al-Aqeel, stressed the importance of joint work between the successive boards of directors in the two chambers, looking forward to enhancing the horizons of partnership through the exchange of experiences to serve the interests of the business sector in the region.
Asharqia Chamber reviews the importance of the family charter in a "family" bulletin
16/07/2023
Asharqia Chamber reviews the importance of the family charter in a "family" bulletin
The "Family" bulletin issued by Asharqia Chamber in its latest publication emphasized the importance of the family charter to ensure the achievement and success of governance in family businesses, and then sustainability across generations, as part of several topics that dealt with the most important challenges facing these companies.
The bulletin dealt with the subject of the family charter and its role in the management of family wealth, under the title (The Family Constitution First!), as the bulletin indicated that family wealth management involves differences in viewpoints that increase or decrease in intensity between family members depending on its subject matter, as it may lead to certain related events With the retirement or death of one of the founding members of the company, these viewpoints aggravate and diverge until they reach the intensity of conflicts, and then the chain of disintegration and collapse of the family company begins. Therefore, the solution to such disputes - according to the analysis - is the family charter that includes the organization of family ownership in the company, its governance, and management. The work policy, the policy of employing family members, the distribution of profits, the disposal of shares or stocks, and the mechanism for settling disputes or disputes.
The report issued by the bulletin also emphasized that the family charter does not disrupt business and does not strain the companies’ budget, and placed all of this under the title (misconceptions behind delaying institutional transformation). Relationships between family members and the company, in addition to mechanisms for resolving family disputes, methods for preparing future generations to manage the company, rules for employing family members, and the mechanism for establishing the Board of Directors and the Family Council.
Under this framework, and in a special dialogue for the bulletin with the certified consultant in the sustainability of family businesses, Eng. Tariq bin Hashim Al-Nabulsi emphasized that corporate governance in general is a system of rules and practices that determine how the company operates and how to align the interests of all its stakeholders. Good governance leads to good practices. An ethical business that contributes to the success and sustainability of the company in the long term, emphasizing the development of family businesses and the continuity of their business and preventing conflicts around them. A developed governance structure designed specifically for the family and the company.. calling for a family charter that includes the rights of current generations, and regulates the issue of succession and succession in the company
In a report entitled (On Smart Governance), the bulletin called for the use of artificial intelligence to implement the desired governance in family businesses, to ensure its continuity and sustainability, in several areas, including data analysis and identifying the suitable options to make informed decisions.
The issue included other topics, including "the risks of climate change and family businesses, and the transmission of management across generations, the most common and deadly dilemma in family businesses."
Asharqia Chamber discusses aspects of cooperation with "MODON"
16/07/2023
Asharqia Chamber discusses aspects of cooperation with "MODON"
The Chairman of the Board of Directors of the Asharqia Chamber, Thursday, July 13, 2023, met with the CEO of the Saudi Authority for Industrial Cities and Technology Zones “MODON”, Eng. Majed bin Rafid Al-Arqoubi, where they discussed aspects of cooperation between the Chamber and MODON.
The meeting reviewed the recent plans adopted by MODON to support the option of industrial development and the continued advancement of the industrial sector in line with the Kingdom’s Vision 2030, and raising the level of performance in the sector. It also reviewed several promising investment opportunities for local and foreign investors, as well as the continuous developments witnessed by the industrial sector represented in the Saudi industrial cities. The number of 36 industrial cities and the increase in the number of factories to more than 6 thousand factories.
For his part, Al-Arqoubi said that MODON strives to provide the appropriate environment to serve industrialists, including industrial products, support logistical services, and financing solutions, through 36 industrial cities across the Kingdom, to attract local and foreign investments, and for MODON to be the preferred destination for investors.
Al-Arqoubi added that MODON provides all the requirements to encourage entrepreneurs and encourage them to enter the world of industry, from the idea stage to production to export, and to strengthen the Kingdom's position industrially and economically.
The Chairman of the Board of Directors of the Asharqia Chamber said that the meeting was more than positive, during which the picture of the situation in the industrial sector was seen, which is witnessing qualitative shifts, that cause pride and pride, confirming the reality and importance of the industrial sector in development, as a leading sector for other economic activities and events.
Al-Ruzaiza added that this meeting confirms the interest of the Industrial Cities and Technology Zones Authority (MODON) to stand up to the aspirations of industrialists and listen to their views and observations, which makes us express optimism about a brighter reality.
He pointed out that the industrial sector at present is in its best condition, and we can say that it is now reaping the fruits of what was cultivated in the past years and decades, as it was a fertile period during which strong infrastructures for a promising industrial sector were established, and what we are witnessing today is the introduction of modern technologies, including intelligence. artificial in the world of production and industry.
Al-Ruzaiza hinted that the investment environment at present seems more stimulating for more industrial projects, because the investment system and the general atmosphere are very stimulating, in light of the permanent government support for projects, investor encouragement for new ideas, and permanent monitoring of adherence to high-quality specifications in various stages of industrial production. This resulted in the distinction of the Saudi product in the global markets, which is in line with the official solid orientation to open internal investment horizons and go to new global markets.
Al-Ruzaiza concluded by saying that the industrial sector is one of the most promising economic sectors amenable to privatization, and to attract foreign as well as local investment. The propositions presented by Vision 2030 to achieve the paradigm shift for the Kingdom.
The meeting was attended by the Chairman of the Chamber's Industrial Committee, Ibrahim bin Muhammad Al-Sheikh, the Executive Vice President for Operation of the Industrial Cities, Majid bin Abdullah Al-Shathri, the Director General of the Sector of the Saudi Authority for "Modon", Eng. Ali bin Suleiman Al-Khashan, and several members of the Chamber's Industrial Committee.
Asharqia Chamber organizes a workshop that reviewed the services of the "Qawia" platform in Jubail
13/07/2023
Asharqia Chamber organizes a workshop that reviewed the services of the "Qawia" platform in Jubail
Asharqia Chamber, represented by the Jubail Business Council, organized a workshop that reviewed the services of the platform, the stages of registration in the forum, the electronic services provided to the business sector, and how to benefit from them.
The marketing director of the platform, Talal bin Mansour Al-Ruwaishid, defined the Qawia platform as the main digital platform for all the services of the Ministry of Human Resources and Social Development for the labor sector and the unified interface to organize and follow up all transactions between the various parties to the system, including employees and establishments in the private sector, in an automated and immediate manner, as the platform launches the labor market to cover horizons The establishment’s journey from establishment, growth, and expansion, and steps with the employee from the first job until retirement, in support of all the services and tools that add value to this journey.
Regarding the most essential electronic services, Al-Ruwaishid reviewed during the workshop, which was moderated by the Chairman of the Jubail Business Council, Saad bin Muhammad Al-Buainain, the Saudization certificate service, which is a certificate issued by the Ministry of Human Resources stating that the establishment has achieved the required localization rate according to the classification of the Nitaqat guide in force in the Ministry's system, and the service enables the owner of the establishment From knowing the scope of the establishment, its activity, and requesting a Saudization certificate electronically, in addition to the professions management service that enables the establishment to apply to change the profession of the resident employee who works for it to match the work he does. It has according to the Unified Saudi Classification of Occupations Guide, the work permit service that deals with the issuance or renewal of work permits for expatriate workers in the establishment through the strong platform, which is tantamount to the approval of the Ministry of Human Resources and Social Development for them to work in the Saudi market.
Regarding the types of establishments in Qawia, Al-Ruwaishid explained that they come in two types: the first: incorporation facilities, which are the first facility at the level of the entity under the unified number, and the duration of the establishment period is 6 months in the life of the facility.
Expansion facilities are for facilities that achieve high rates of Saudization and are committed to work systems. The available balance varies according to the activity and size of the facility and its commitment to the percentage of Saudization.
The workshop also dealt with documenting and managing work contracts, given that Qawia is the approved platform for documentation. How to create and document the contract was discussed, and several other services such as submitting a notification of work interruption, work organization regulations, and the electronic advisor that enables establishments to monitor their compliance with work systems in an easy and simplified way. And several other services.
Asharqia Chamber witnesses a remarkable turnout from companies to participate in the "Jobs 2023" exhibition
11/07/2023
Asharqia Chamber witnesses a remarkable turnout from companies participating in the "Jobs 2023" exhibition
The 9th edition of the "Jobs 2023" exhibition, which is organized by the Asharqia Chamber represented by the Employment Center, under the auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, is witnessing a great turnout from companies to participate in the exhibition.
The Chamber continues its preparations to organize the most prominent event in the field of employment in the eastern region, which will be held for 4 days, as it will start on Monday, October 23, 2023, and will continue until Thursday, corresponding to October 26, 2023, on the grounds of the Dhahran International Exhibitions Company "Dhahran Expo" in Al-Rakah.
The Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, affirmed the interest of the business sector in the exhibition, as the chamber receives remarkable requests to participate, to support the staff with qualified Saudi cadres of both sexes, indicating that the exhibition keeps pace with the continuous development in the human resources sector, and the new specializations that have become A demand for the labor market, pointing out that the exhibition sheds light on national competencies that hold various specializations and can keep pace with the aspirations of future companies.
Al-Raziza called on companies and institutions to quickly participate and book their places in the exhibition, indicating that the exhibition aims to achieve communication between the business sector on the one hand, and training and employment service providers and specialists in human resources management and employment on the other hand, and between these agencies and job seekers from a third side.
Al-Ruzaiza said that many Saudi students who have completed their studies recently, whether inside or outside the Kingdom, have chosen different new specializations that the country needs to create the future. Indeed, many of them have completed postgraduate studies so that they are more knowledgeable and more in-depth in the specialization, pointing out that the new specializations are qualitative. It keeps pace with the Kingdom's Vision 2030, and the demand for it has become great from the business sector. Hence, the exhibition is a valuable opportunity for those with specializations to find job opportunities that suit them, as the exhibition witnesses participation from companies that work in fields that are concerned with making change.
Asharqia Chamber continues its preparations to launch the "My Craftsmanship 2023" exhibition next August
09/07/2023
Asharqia Chamber continues its preparations to launch the "My Craftsmanship 2023" exhibition next August
Asharqia Chamber continues its preparations for the launch of its sixth edition of the activities of the exhibition of productive families, crafts, and handicrafts, “My Crafts 2023 AD”, from Tuesday, August 29 to Saturday, September 2, 2023 AD, under the auspices of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, in "Dhahran Expo" exhibition grounds, Dammam - Khobar Coastal Road.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, appreciated the sponsorship of His Highness Prince of the region for the exhibition and the excellent support that productive families find from His Highness and his keenness to sponsor and support them to improve their role in all governorates of the region.
Al-Ruzaiza explained that this edition is attended by about 300 male and female participants, 22 incubating societies, and approximately 5 government agencies. The participants' works vary between handicrafts, painting, decoration, fashion, perfumes, incense, coffee, and sweets. Developmental training courses and programs for all groups, provide an opportunity for all participating groups to benefit from these programs and courses offered by a group of specialists.
Pointing out that the Chamber recently finished receiving requests for the participation of productive families and owners of crafts and handicrafts in this edition.
Regarding the privileges granted to productive families and owners of crafts, arts, and handicrafts participating in the exhibition, Al-Ruzaiza said, "There are many advantages, on top of which is the participants' access to free training courses before the exhibition is held, in addition to their inclusion in the marketing guide that the Chamber will issue in conjunction with the exhibition." The exhibition of the year is attended by many supportive and incubating bodies for productive families and owners of crafts and handicrafts, namely: the Ministry of Human Resources and Social Development, the Social Development Bank, the Eastern Region Council for Social Responsibility, the Heritage Authority in the Eastern Region, the Culture and Arts Association in the Eastern Region and its employees, and many other associations and development centers.
Asharqia Chamber holds a greeting party on the occasion of Eid Al-Adha
04/07/2023
Asharqia Chamber holds a greeting party on the occasion of Eid Al-Adha
On Tuesday morning, July 4, 2023, the Asharqia Chamber held a greeting party for its employees on the occasion of Eid Al-Adha, with the start of the first working day after the end of the Eid vacation.
The ceremony witnessed the presence of the Chairman of the Board of Directors, Badr bin Suleiman Al-Ruzaiza, and the participation of the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and a large number of employees, where they exchanged greetings and congratulations on the occasion, and then they ate breakfast on this occasion.
It is noteworthy that the Chamber has always revived the Eid occasion with the first official working hours after the vacation, as it is one of the most important occasions in which employees meet in a social atmosphere far from the official work environment.
Asharqia Chamber Tower obtains an international certificate for the classification of buildings in energy and the environment
22/06/2023
Asharqia Chamber Tower obtains an international certificate for the classification of buildings in energy and the environment
Asharqia Chamber Tower obtained the Green Building Classification Certificate and the Leadership in Energy and Environment Silver Level (LEED Silver certification level), provided by the Global Green Building Classification Council, which is based in the United States of America, and has several branches in separate regions of the world.
The global classification is an internationally recognized system and a standard for the design, construction and operation of environmentally friendly and high-performance buildings, as it assesses and measures the impact and performance of any facility, and takes into account several points, including: site selection, energy savings, water efficiency, and carbon dioxide emissions. ", improving the internal design environment, and others.
The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, noted this achievement, pointing out that the chamber is looking for excellence in its activities and services for various business sectors.The Chamber Tower on King Fahd Road, linking Dammam and Al-Khobar, embodies its distinction in its services directed to the business sector and a distinctive image of the urban reality in the eastern region.
It is noteworthy that the Asharqia Chamber Tower is characterized by a high level of quality in construction, finishing and specifications, as it rises to 135 meters, and includes 32 floors, including basement floors and parking lots that accommodate more than 600 cars, with a total rental area of 37 thousand square meters. The eighth is home to 7 meeting rooms and a multi-use hall serviced by 8 passenger elevators and a service elevator. The tower includes rental spaces for specialized restaurants and cafes, a health club, a nursery, a chapel, and general services for men and women.
The tower includes the incubator of the Asharqia Chamber for entrepreneurs, and the Saudi Business Center, which includes offices for all government agencies concerned with licensing economic activities in general.
Asharqia Chamber organizes a lecture that reviews ways to prevent financial fraud
20/06/2023
Asharqia Chamber organizes a lecture that reviews ways to prevent financial fraud
Asharqia Chamber, represented by the Finance Committee, organized a lecture that reviewed ways to prevent financial fraud, during which a member of the training and education team at the Anti-Financial Fraud Association, Dr. Maysa Basudan, discussed ways to combat and prevent fraud and ways to report it.
During the meeting, which was moderated by the head of the committee, Zaid Al-Aleish, Basudan learned that fraud is the illegal appropriation of another person's property through deception, noting that it includes four basic elements: presenting false essential data or refraining from presenting facts, and if the suspect is aware. That this statement is false or that omission, and the suspect's intention to urge the victim to rely on this false statement or omission of the facts and the victim's reliance on this false statement or omission of the facts and his exposure to injury or damage as a result of doing so.
Regarding job fraud, she said that in the Certified Fraud Examiners Organization, job fraud can be defined as when an individual uses his job to achieve personal enrichment through the intentional misuse or misapplication of the resources or assets of the organization used.
Regarding the factors influencing the commission of fraud, she explained that the pressure or motive that comes within the fraud triangle is a non-shareable need or problem that precedes the criminal offense of betrayal of financial trust, pointing out that fraud has multiple types of financial, occupational and professional fraud and consumer fraud, in addition to Electronic fraud and social engineering.
To prevent fraud, Basudan clarified that double or multiple authentications should be used on passwords, destroying the POS receipt, not sharing the verification code, reporting lost bank cards, and not disclosing financial and personal information.
"SAR" offers 46 project opportunities for contractors, worth 1.3 billion riyals, in the Asharqia Chamber
20/06/2023
"SAR" offers 46 project opportunities for contractors, worth 1.3 billion riyals, in the Asharqia Chamber
The Asharqia Chamber, represented by the Contracting Committee, organized a meeting that reviewed the most prominent future projects of the Saudi Railway Company (SAR) and the investment opportunities available for the contracting sector, at the headquarters on Monday, June 19, 2023.
The Vice President for Shared Services, Eng. Salah bin Abdullah Al-Omair confirmed that the company is keen to provide all support to the business sector, which is a major partner in the implementation of the company's projects and plans, based on our vision that reflects leadership in providing transport solutions and logistics services and the first choices for customers, employees, and investors.
Al-Omair said during the meeting, which was moderated by the Vice-Chairman of the Chamber's Contracting Committee, Eng. Dhari bin Abdul Rahman Al-Attishan, the company is proceeding according to a clear message that emphasizes serving the community and customers by providing safe, sustainable, and technologically advanced transportation solutions, creating value for shareholders, and the company is proceeding with its projects to achieve several goals. They are: Achieving higher value for shareholders, in addition to supporting local companies, increasing local content, reducing accidents and carbon emissions, providing distinguished service that satisfies our customers, attracting and maintaining distinguished competencies and experiences in the Kingdom, and developing the railway infrastructure to be the best in the Kingdom.
The meeting reviewed the company's upcoming projects and promising investment opportunities, as the meeting presented 46 investment opportunities, with a value of up to 1.3 billion riyals, which varied between contracting and infrastructure services (25 projects), maintenance projects (7 projects), advisory and development services (11 projects), and projects Signals and Control (3 projects).
Al-Ottishan said that the contracting sector looks with interest at the various development projects that are being implemented in various regions of the Kingdom, indicating that the sector, with its large size, can absorb projects, no matter how large they are, stressing that the Saudi Railway Company (SAR) continues to support the sector's march to implement its projects. With high quality and standards, keeping pace with the Kingdom's Vision 2030.
Asharqia Chamber holds a training program entitled True Woman within the "Leaders' Initiative"
20/06/2023
Asharqia Chamber holds a training program entitled True Woman within the "Leaders' Initiative"
Asharqia Chamber, represented by the Women's Empowerment Center, in cooperation with the American company "Innovative Group", held a training program entitled "True Woman" as part of the "Leaders' Initiative", which aims to explore leadership traits in practical and private life and how to develop them.
A member of the Board of Directors, Agharid Bint Ihsan Abdel-Gawad, said that the program, which was held over the past Sunday and Monday, and witnessed remarkable participation by female administrators working in the government and private sectors in the eastern region, comes from the Chamber’s keenness on the importance of empowering women in all sectors within the framework of the Chamber’s strategy to empower and support partnership Women in the business sector, and because of its impact on increasing women’s economic and social contribution in line with the Kingdom’s Vision 2030 and its objectives.
She pointed out that Saudi women can make great achievements whenever they are provided with training and job opportunities that suit their capabilities, and we have many examples in the Kingdom of women leaders who recorded successive successes that were the result of the great efforts and sacrifices they made, and the support of the wise leadership for them.
The Leaders initiative aims to support and empower women who seek to work in the field of leadership and management, by developing their leadership and management skills by providing resources and opportunities that help build self-confidence and expand the circle of social and professional networks.
The initiative includes a set of programs and events that seek to develop the skills of women leaders, including workshops and training programs that are held with the participation of the most prominent professional trainers who have a rich and successful experience in the training sector.
They work in the field of leadership to exchange experiences and knowledge and encourage companies and institutions to interact with the training outputs and benefit from the services of women leaders by providing job opportunities appropriate to their skills and attracting them to benefit from their expertise in this field.
The program witnessed several joint workshops that helped motivate female leaders by presenting new challenges that make them work to achieve goals better, in addition to encouraging their innovation and creative thinking, as they can find new and innovative solutions to the problems and challenges that they may face in their practical career.
The delegation of the Eastern Business Council concludes its foreign visit program to Egypt
18/06/2023
The delegation of the Eastern Business Council concludes its foreign visit program to Egypt
The delegation of the Eastern Business Youth Council, headed by Saad Al Mojil, concluded its foreign visits program to the Arab Republic of Egypt, where it visited a number of economic potentials, entities and incubators and was briefed on the most prominent means of support and motivation for the entrepreneurship sector.
At the end of his trip, the delegation met with the Deputy Ambassador of the Custodian of the Two Holy Mosques in the Arab Republic of Egypt, Abd al-Rahman al-Dahas, where he affirmed his happiness on the wise leadership’s support for qualitative programs aimed at contributing to strengthening economic and social relations between the two countries. He also urged the importance of establishing commercial partnerships between the business sectors of the two countries. Benefiting from the aspects of support provided by the Kingdom and Egypt, which emphasize development and economic integration.
For his part, Council Chairman Saad Al-Mojel extended his thanks and appreciation to His Excellency the Deputy Ambassador for the support the Council found during his visit to the brotherly state of Egypt and the Saudi embassy’s follow-up to the Council’s agenda in order to facilitate its tasks, stressing the support of the two leaderships in the Kingdom and sisterly Egypt, not building them everywhere and their keenness to enable Entrepreneurs are provided with tools and programs, so that they can achieve the required diversity in their business in line with the vision of the two countries.
On the other hand, His Excellency the Minister of Public Business Sector in the Arab Republic of Egypt, Eng. Dr. Mahmoud Esmat, reviewed during his meeting with the delegation the support programs of the Ministry of Business Sector apparatus, where His Excellency reviewed ways to enhance cooperation to serve entrepreneurs in the two countries.
Council Chairman Saad Al-Mojel thanked His Excellency the Minister for the support and encouragement they provide to entrepreneurship in the Ministry's apparatus, noting that Egyptian entrepreneurs were able to present different ideas with which they enriched the economic sector, as a result of the support and encouragement they receive from the economic authorities.
The delegation concluded its trip last Thursday by visiting the Arab Organization for Industrialization, the Center for Entrepreneurship and Innovation at the American University in Cairo, and the Egyptian Association for Young Businessmen.
Saudi Aramco offers investment opportunities within the programs (Iktva) and (Tleed)
18/06/2023
Hosted by the Asharqia Chamber as part of the “Tasheel” program
Saudi Aramco offers investment opportunities within the programs (Iktva) and (Tleed)
On Wednesday, June 14, 2023, Asharqia Chamber launched the work of the tenth session of the (Tasheel) program concerned with revitalizing the investment movement in the region, seeking to increase dependence on the local component, and localizing support industries.
During its participation in the work this session, Saudi Aramco reviewed the procedures for registering and qualifying its suppliers. The work developments in the company’s program contribute to enhancing the total added value of the supply sector in the Kingdom (Iktva), and its “Taled” program, which aims to develop small and medium enterprises in the Kingdom, and what it includes. The two programs are initiatives and the investment opportunities they offer to local investors.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, stressed in his speech during the opening of the program the importance of the "Tasheel" program in enriching the economic movement in the region, and seeking to provide more investment opportunities, whether for procurement, manufacturing, or others in front of the business sector and its role in keeping pace with the goals of the vision with action. To increase national investments and localize support industries, praising the role of Saudi Aramco in supporting national options for localizing industries and services, seeking to increase the activity of the investment movement in the region, and contributing to the development of small and medium enterprises through its various programs.
Al-Ruzaiza said that the Chamber's endeavor to launch this new cycle of the program is a continuation of its role in keeping pace with the goals and aspirations of the vision by working to stimulate local investment and enhance its role in the national economy. Pointing out that the meeting constitutes support for the investment movement in the region, and pours into what our country aims to enable local content, hoping that this session has contributed to the exploration of the business sector in the area for the opportunities provided by the (Iktifa) and (Tleed) programs and that they have become acquainted with Saudi Aramco procedures for registering and qualifying suppliers.
For his part, Vice President for Contracts and Procurement at Saudi Aramco, Mr. Salem Al-Huraish, said: "The (Tasheel) program is in line with Saudi Aramco’s goals in achieving more sustainable growth, economic diversification, and providing job opportunities for the sons and daughters of the country under the umbrella of Saudi Vision 2030. This program is considered An extension of the close relationship between the company and the Asharqia Chamber, which was embodied in the opening of the Saudi Aramco office in the chamber in 2012, which was and will remain one of the supporting factors to facilitate the provision of our services to companies.
Al-Huraish reviewed the company's role in enabling local content through the "Iktva" program, which contributes to enhancing localization efforts through critical areas including digitization, sustainability, industrial services, and manufacturing, as the program achieved 63% of its goals in localizing local content from purchases. Saudi Aramco in 2022 AD. Saudi Aramco intends to continue the work to establish a diversified industrial base within the Kingdom, which can compete globally, as it aims to stimulate local value building, maximize long-term economic growth, diversify, and build a world-class supply chain.
The occasion witnessed the participation of a large number of business sector employees who visited the pavilions of the accompanying exhibition, as Saudi Aramco allowed manufacturers, suppliers, and local investors to register their data as potential suppliers.
The Saudi Organization for Auditors and Accountants reviews development steps and achieving quality performance
14/06/2023
The Saudi Organization for Auditors and Accountants review development steps and achieving quality performance
The professional performance quality monitor at the Saudi Organization for Auditors and Accountants, Meteb Al-Sihani, reviewed several services provided by the authority to develop the accounting and auditing professions, which revolve around qualification, supervision, and awareness, in a meeting organized by the Asharqia Chamber represented by the Women’s Empowerment Center on Wednesday 14/June/2023 under the title (Certificates and Licenses accounting professional).
Al-Sihani said during the meeting, which was held virtually, that the Authority is a professional body concerned with pioneering and supervising the accounting and auditing professions in the Kingdom to improve and develop its practice, advancing it, monitoring the quality of its performance, developing awareness of its rules and behaviors, and enhancing its participation in serving the national economy and society.
Accordingly, the Authority carries the message of "developing the accounting and auditing profession, upgrading its services, and contributing to enhancing confidence in the national economy," and adopts the vision of "encouraging and supporting the practice of the profession to provide professional services of high quality, and developing community partnerships to keep pace with the Kingdom's Vision 2030."
Therefore, the Authority's values - according to Al-Sihani - are "professionalism, transparency, integrity, reliability, excellence", as its role is represented in regulating the profession, through qualifying and training practitioners and approving professional examinations to obtain professional certificates, and increasing community confidence in the profession of accountant and auditing and upgrading them.
Within this framework, he stated that the Authority provides several tasks that it carries out within the framework of that vision, mission, and goals, which are: “preparing and developing professional standards and rules, monitoring the quality of professional performance through monitoring professional offices, checking the quality of the outputs of professional offices, and setting the appropriate organization for field control.” The third task is professional qualification through professional fellowship tests and training courses in coordination with scientific bodies to develop workers in the auditing accounting profession.
Regarding professional exams, he said that the professional certificates offered by the Authority are among the possible tools for gaining knowledge of theoretical and applied knowledge as an effective means of raising the quality of financial information as well as giving the bearer added value in various economic sectors. Accounting Technician (CAT), Value Added Tax (VAT) Specialist, Professional Certificate in Governmental Accounting and Auditing, and International Financial Reporting Standards (IFRS).
The guest of the meeting reviewed the requirements for entering these tests, the materials around which the test is conducted, and what the participants get in the choices.
Young businessmen in the Asharqia Chamber learn about the Egyptian experience in investment
14/06/2023
Young businessmen in the Asharqia Chamber learn about the Egyptian experience in investment
The delegation of the Youth Business Council in the Asharqia Chamber, leaving for the Arab Republic of Egypt, continued its meetings with entities and economic enablers in the country to transfer experience and open new horizons that male and female entrepreneurs in the eastern region can benefit from.
The Chairman of the Council, Saad bin Khaled Al-Mojil, said that the delegation, which includes elite young people in the Eastern Province, and within the program of its visits for the third day (Tuesday, June 13, 2023), met with the CEO and founding partner of “Maksab” Bilal Al-Mugharbel, who explained the company, which is an electronic platform that aims to link FMCG suppliers with retailers and shops in Egypt.
The delegation also visited the Marsool Egypt Company, and met with the company's manager, Karim Gamal, to get acquainted with the services provided to the target audience.
During the visit, the delegation met Karima Al-Hakim, CEO of the Plug and Play business accelerator, where they were introduced to the services and programs directed to the incubated entrepreneurs from idea to implementation until launching their technical projects.
The delegation also visited Robusta Group, where they met with CEO Hussein Muhliden to learn about the digital and technical solutions it offers to owners of small and medium enterprises.
According to the head of the Youth Business Council, on the second day of the visit, corresponding to Monday, June 12, 2023, the delegation met Hossam Dashash, the Executive Vice President of the Small Enterprises Authority in the Republic, where they reviewed the projects’ support programs for entrepreneurs and the promotion of cooperation.
The Vice-President of the Cairo Chamber, Eng. Ahmed Al-Wasimi and several members of the Board of Directors also met in a meeting to discuss ways to enhance cooperation between entrepreneurs and owners of small and medium enterprises in the two countries.
On a tour of the economic entities, the delegation held a meeting with the Executive Director of the Federation of Egyptian Industries, Dr. Khaled Abdel-Azim, where they listened to a detailed explanation about the federation's support for industrial projects for entrepreneurs in the Arab Republic of Egypt and the means of support it provides to the pioneers.
In a meeting with the Chairman of the Board of Directors of the Chamber of Information and Communications Technology Industry, Engineer Khaled Ibrahim, he also reviewed the role of the chamber in facilitating the tasks of male and female entrepreneurs and providing services that help them enter the digital projects sector.
At the end of its tour for the second day, the Council's delegation visited the Shark Hub Center in Cairo, where Eng. Basil Al-Serafy gave a detailed explanation about the center and the range of services it provides to its subscribers to enable support for their projects in stimulating and enabling environments.
The delegation continues its visit today, where it meets several investors and representatives of companies and economic bodies. The delegation received a great welcome, confirming the depth of the relationship between representatives of the private sector in the Kingdom and the Arab Republic of Egypt.
Specialized: Important steps for successful marketing depend on market analysis and the search for excellence
13/06/2023
Specialized: Important steps for successful marketing depend on market analysis and the search for excellence
A certified trainer and business development and marketing consultant, Nidaa Al-Nafaie, stressed the importance of studying the market and customers, to achieve success for any establishment, especially small and medium enterprises.
In a workshop organized remotely by Asharqia Chamber on Monday evening, June 12, 2023, entitled "Studying the customer and the target market," Al-Nafaie called for the necessity of evaluating work from time to time in terms of sales, production, customer satisfaction, profits, competitors, and the search for new ideas and excellence in the commodity and service. And it does not preclude the use of experts and experiences, and reconsidering the product mix to suit the needs of customers at this stage.
She said that the target market is "a group of customers that the company or organization is trying to sell its products or services to by targeting them by directing its marketing efforts to sell" and it is the first step in the process of defining marketing plans because it helps understanding the organization's market in determining the potential customer base.
In this regard, Al-Nafiei points out that defining the target market according to this definition does not take place until after knowing the product and what it offers to those customers, calling for "an analysis of this target market, which means an assessment of how the product or service is suitable for the specific market, and where it will gain the greatest amount of attractiveness with customers.
The trainer believes that market analysis achieves several benefits, the most important of which is identifying the most valuable and least valuable markets, developing buyer personalities, finding gaps in the market to fill them, evaluating the feasibility of the product or service, and then finding new markets.
She said that the required analysis and market study proceeds according to several steps, starting with the study of customers (to find out their needs and desires, through conducting interviews and questionnaires), then studying the competitors in the field (to discover the market gap), and then comes the market study step to find out supply and demand.
She indicated that the target markets vary according to demographic division (age, gender, education, marital status), general cultural division (values, beliefs, interests, personality, lifestyle), and behavioral division (purchase or spending habits, user status, and brand interactions).
Specialist: gaining customer loyalty, the most important of which is management and marketing, and lastly is prices
12/06/2023
Specialist: gaining customer loyalty, the most important of which is management and marketing, and lastly is prices
Business development specialist, Abdullah bin Ali Al-Saad, reviewed several proposals that he considered successful means of gaining customer sympathy. They are exposed to the administrative, marketing, behavioral, and financial aspects. He stressed that these proposals come in the process of operating the facility, and not within the establishment. Therefore, correct operation facilitates winning over customers.
Al-Saad said in a meeting organized by the Asharqia Chamber represented by the Entrepreneurship Incubator in the Chamber Tower on Sunday evening, June 11, 2023, under the title "Secrets of Attracting Customers to Repeat Purchase" that the first measures that should not be overlooked are the centrality of customer satisfaction, regardless of whether he is right or not, and in If he is satisfied, he will repeat the visit, and the selling goal will be achieved. Therefore, the beginning is with the seller and the benefit is for him. He explained that clients are of different types, as there are clients: “loyal, potential, and missing clients,” stressing that losing any client means some loss, and the matter needs to be dealt with.
And the second point - according to the lecturer - is that retaining customers comes through "successful marketing", which goes through several stages: first identification, then planning, then implementation and correction, comes to the development process, and during the process, it does not prevent repetition, but the repetition of the process in all Stages is a successful step for successful marketing.
He believes that gaining customer loyalty comes from several parties or aspects in any institution, the administrative aspect comes in (43.2%), then the marketing aspect (37.8%), the behavioral aspect (13.5%), and the financial aspect comes in last place (5.4%).
In this regard, he affirms that management means in its contents: “transparency, organization, commitment to time and service, product quality, after-sales services, speed of response” and so on. As for the marketing aspect, which comes second in importance, includes updating offers and reducing procedures. Additional services, gift giving, offers for repeat purchases, etc.
As for the behavioral aspect, the lecturer defined it as credibility, dealing, showing friendliness, and avoiding deceptive promises, while the financial element was represented in prices and patience to pay.
Asharqia Chamber organizes a workshop that reviewed the appointment booking system in Jubail Commercial Port
12/06/2023
Asharqia Chamber organizes a workshop that reviewed the appointment booking system in Jubail Commercial Port
On Monday, June 12, 2023, the Asharqia Chamber, represented by the Business Council of the Jubail Governorate branch, organized a workshop that reviewed the appointment reservation system in the Jubail Commercial Port.
The business operations leader at the Dammam Exchange Office, Ali bin Muhammad Al-Yahya, said that the system is a project designed with the latest technologies to manage and improve the operation of incoming and outgoing trucks, in integration with relevant partners, indicating that the project aims to reduce the operating time of trucks to reach the clearing of ports and ports and increase operational capacity. Customs ports by facilitating entry and exit procedures for trucks.
Al-Yahya explained during the workshop, which was moderated by the Chairman of the Business Council, Saad bin Muhammad Al-Buainain, that the system is characterized by providing multiple services with the relevant authorities, namely: “The Zakat, Tax and Customs Authority” by automating customs procedures with the electronic appointment system, where all procedures are confirmed before taking the electronic appointment. And “General Security” by activating reservations 24 hours a day so as to contribute to the smooth movement and reduce pressure during peak times in the residential and industrial areas surrounding the port, and “Border Guard” by automating procedures for driver and truck entry permits to the seaport with the Zuwal platform, And the flow of movement in an orderly manner, which reduces accidents inside the port, and the “General Authority for Transport” by automating fleet management procedures by linking to a wasl platform to ensure the activity and regular status of the truck and the driver, and the “General Authority for Ports” by automating all services related to entry and exit From sea ports, and automation of procedures for verifying port fees for shipments, and as for "operation and support", it is done by activating reservations 24 hours a day, ensuring the readiness of the container for loading before arrival, and automating the operator's approval procedures for the appointment.
Al-Yahya stated that the system was able to succeed in reducing the truck turnover from 7 hours to 30 minutes only, the frequency of visiting the truck from one time to 3 times, reducing truck reception times from 8 hours to 24 hours only, and reducing paper requirements from 6 papers to only one paper. And also reduce congestion in the waiting areas around the ports through the use of waiting areas in case of business continuity.
A delegation from the Business Youth Council in the Asharqia Chamber visits Egyptian economic capabilities
12/06/2023
A delegation from the Business Youth Council in the Asharqia Chamber visits Egyptian economic capabilities
Within the program of his foreign visits, the delegation of the Youth Business Council in the Asharqia Chamber, departing to the Arab Republic of Egypt, met on Sunday, June 11, 2023, the Executive Vice President of the Investment and Free Zones Authority in the Republic, Amr Nour El-Din, on the first day of the visit, where the meeting reviewed the promising investment opportunities for entrepreneurs.
The Council Chairman Saad bin Khaled Al-Mojil said that during the visit, the delegation met several officials in various sectors, and also met with some specialists to review the appropriate investment opportunities for male and female entrepreneurs in the two countries, indicating that these meetings are in line with the directions and goals of the Council represented in preparing a new generation of entrepreneurs. Saudi youth of both sexes through exchanging opinions, external missions, rehabilitation, training, and support, enhance their skills level, allowing them to compete in the global economy.
Al-Mojel said that the delegation, as part of the program of its visit, met with the head of the “Your Idea Your Company” center, Hossam Abdel-Qader, where the delegation was briefed on the means of support for entrepreneurs’ projects in various sectors in addition to the services provided to them. For growth contributes to supporting and expanding the project in future periods.
The council delegation also visited the incubator for start-up companies, "Falak", and met during the visit with the CEO of the incubator, Ahmed Hazem, where they learned about the financing services and programs provided to entrepreneurs, in addition to the investment fields offered by "Falak" to the incubated entrepreneurs.
Al-Mojil stated that the Council seeks, through the program of foreign visits, to provide a clear picture of the diversity of business and the level of investment opportunities that exist, and how to benefit from them, in addition to the aspirations of male and female entrepreneurs and their ability to create ideas and turn them into successful commercial projects, which is a valuable opportunity that our sons can benefit from, when establishing their commercial entities on the one hand, in addition to those who seek to expand by entering new markets and dealing with the economic capabilities that help them to engage in new markets and achieve achievements in it.
The Business Youth Council in the Asharqia Chamber begins a five-day visit to Egypt
11/06/2023
To identify the economic potential and investment opportunities for entrepreneurs
The Business Youth Council in the Asharqia Chamber begins a five-day visit to Egypt
The delegation of the Business Youth Council in the Asharqia Chamber begins on a practical trip to the Arab Republic of Egypt, as it begins on Sunday, June 11, and continues until Thursday, corresponding to June 15, 2023.
Council Chairman Saad bin Khaled Al-Mojil confirmed that the trip comes within the Council's work program according to its plan for the current year, and aims to identify economic potentials and investment opportunities that Saudi entrepreneurs can benefit from in partnership with their counterparts in Egypt.
The Council delegation is scheduled to meet several government officials, and meetings with several local investors in various sectors, in addition to meetings between entrepreneurs in the two countries, as well as field visits to several agencies and companies.
Al-Mojil said that the visit aims to strengthen trade and economic relations between Saudi and Egyptian entrepreneurs within the framework of continuous cooperation that proceeds by the Kingdom's Vision 2030 and Egypt's Vision 2035, and opening doors for young investors, in addition to reviewing qualitative investment opportunities and highlighting the Kingdom's initiatives and incentives that it adopts to bring in foreign investment, in addition to the economic reforms that created a new economic thought, pointing out that the historical and solid relationship that unites the Kingdom and Egypt opened the doors of cooperation in many fields, pointing out that the visit of the Council proceeds according to the aspiration of the leadership in the two countries towards higher horizons of fruitful cooperation.
Al-Mojil stressed the positive and effective role played by the Saudi-Egyptian Business Council and the Joint Trade Committee in supporting economic relations between the two countries, which facilitates communication with the economic authorities and sectors in Egypt, noting that the Kingdom is Egypt's largest trading partner in the Middle East region.
The delegation will visit the General Authority for Investment and Free Zones, the beginning center for investor services at the Investment Authority, the Federation of Egyptian Industries, the Information Technology Industry Chamber, and the Cairo Chamber.
specialist: The Saudi market is stimulating and entrepreneurs should seize opportunities
08/06/2023
specialist: The Saudi market is stimulating and entrepreneurs should seize opportunities
Business development consultant Mohammed bin Saad Ibrahim called on entrepreneurs to take advantage of the opportunities available in the local market, but after analyzing the market, competition, and monitoring challenges.
Ibrahim said during a workshop held remotely by Asharqia Chamber, represented by the Women's Empowerment Center, in cooperation with the Business Business Academy on Wednesday evening, June 7, 2023, entitled "Market Discovery Mechanisms for Entrepreneurs" that the local market is characterized by several positive features favorable to entrepreneurs, most notably stability in general in terms of security. And banking as well as the social and economic aspects, and this is reinforced by government support through a set of reforms, infrastructure, and economic diversification, in addition to the state of continuous growth in the movement of trade internally and externally, and the growth of the investment movement in various fields accompanied by a growing state of creativity and innovation.
Accordingly, the lecturer calls on entrepreneurs to take advantage of this situation, take advantage of the available opportunities, and take the initiative to work, but according to a careful study that includes studying the market, competitors, and consumer behavior.
The lecturer reviewed a number of mechanisms for studying opportunities and competitors, and mentioned that there is a kind of analysis that depends on identifying the internal strengths and weaknesses of each party in the investment process, including competitors, in addition to an external analysis of opportunities for success and potential threats, and a close reading of the impact of general factors (economic, social and legal). , affecting the attitude of the entrepreneur and his initiatives.
The lecturer called for analyzing real interests and objectives, current and potential risks and challenges, identifying different scenarios that could occur and how to deal with them.
Al Muallem: The continued success of a business is linked to continuous development and a good partner
08/06/2023
During my experience program in the Asharqia Chamber
Al Muallem: The continued success of a business is linked to continuous development and a good partner
Yahya Al-Moallem, Vice Chairman of the Board of Directors of Al-Romansiah Company, confirmed that the entrepreneur must pay the success tax, by closely following his business project in its infancy and sacrificing time and money to build the business entity he dreams of and proceeding with the development until it becomes in the stage of stability.
Al-Moallem explained during the "My Experience" program organized by the Asharqia Chamber represented by the Business Youth Council, on Wednesday evening, June 7, 2023, and managed by the Director of Business Development at the "Rital" company, Muhammad Al-Muhammadi, that Al-Romansiah restaurants, like any commercial project, needed to make more efforts during a period Its foundation, patience with challenges and facing them, and continuous development until it became a successful project.
Al-Moallem said that at the beginning of his practical career, he worked in different disciplines from the restaurant sector, until he gained some experience through my simple experiences and formed a clear picture of what I could offer, through Al-Romansiah restaurants, as he aimed to transfer Saudi cuisine from home to the restaurant and appropriately submit orders. Fast and distinctive, so that the customer can get his meal at the same time, and in this way, we were able to compete with companies in the sector and succeeded in that.
Al-Moallem said that commercial projects come in different types, the most prominent of which are the projects that bring profits to the entrepreneur and are not expandable until their profits increase because their profits are high, and the entrepreneur may not even intend to expand, and the star projects, which are projects with a large share in the market and achieve their profits based on On the great demand for its products.
On the stages of developing a commercial project, Al-Moallem said that the project must be developed as well as its products, benefit from the experiences of others, and move from a typical project to a company with a vision, mission, and strategic goals, that includes expansion and introduction of technology, including accounting, control, HR and other systems, and also the exploitation of spaces and their arrangement by It serves the working mechanism within the project, as well as constantly monitoring the market and searching for unserviced places. All of this comes within the transition of your project from a normal business to a fully institutional business that emphasizes continuity.
The teacher explained the importance of the partner as it helps you expand and develop, and said that if you agree with a good partner, this will be reflected in the performance of your project because it will support you in the decision you take to develop your project to achieve continued passion and leadership.
Al-Mahboob: The business sector interacts with the programs and activities of the Public Taste Association
07/06/2023
Al-Mahboob: The business sector interacts with the programs and activities of the Public Taste Association
The Director General of the Saudi Society for Public Taste, Abdulaziz bin Abdullah Al-Mahboub, stressed the interaction of the business sector in the region with community initiatives and the constant keenness to support its work and programs, referring to the different types of support that the association finds from the business sector.
Al-Mahboub said during the monthly Tuesday meeting for the business sector organized by the Asharqia Chamber on Tuesday evening, June 6, 2023, and moderated by the Secretary General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel, that the association, which is chaired honorarily by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, stems from a clear message confirming To make the public taste a way of life for our society in its behaviors and dealings, and it will follow this approach, realizing its mission, which aims to create a sophisticated community environment that is characterized by taste in all actions and dealings for various aspects of life-based on religious values and social standards, by activating the role of society through positive influence and promotion of values Spreading the culture and concept of public taste.
Al-Mahboub explained during the meeting, which was attended by several businessmen, that the association aims to highlight the best positive practices among individuals and institutions in adopting the values of public taste, promoting Islamic values and Saudi social standards in pursuing public taste as a way of life, developing behavioral practices that enhance taste in the community environment, and contributing In building the Saudi personality that adopts the values of public taste and citizenship.
He also indicated that the association worked within the framework of its endeavor to spread and enhance the culture of volunteer work - in line with the vision of the Kingdom 2030 - to form a volunteer team, to contribute to educating society about the importance of public taste in various aspects and aspects of life, which contributes to communicating and achieving the message and goals of the association among individuals. He left a positive impact and imprint on the community, as the number of volunteers reached approximately 460 volunteers.
The association operates through the "Ambassadors of Taste for the Government Sector" program, which seeks to enhance the success of the customer experience and journey with institutions, through several initiatives that target these institutions, as it launched "Our Sport is Tawq", the tastes of mosques "the homes of the pious", and the tastes of gardens and parks "a breather". The tastes of an expatriate, driving with taste, the tastes of interacting with people with disabilities, the tastes of cafes and restaurants, taste platforms, a list of tastes in the work environment "code of taste", and the Cities of Taste project.
Asharqia Chamber reviews beauty salons faltering solutions and ways to increase income
01/06/2023
Asharqia Chamber reviews beauty salons faltering solutions and ways to increase income
On Monday evening, May 29, 2023, the Asharqia Chamber, represented by the Women's Centers and Occupations Committee, organized a workshop that reviewed solutions for stumbling beauty salons and ways to increase income, in which Turki Al-Enezi, CEO of the leading programming institution, spoke.
Al-Enezi explained during the workshop, which was moderated by the committee chairwoman, Shuaa Al-Duhailan, the importance of business development, which summarizes the transition from a certain level to a higher level, or continuous improvement in one aspect of the establishment in order to increase profits, indicating that improvement begins from many areas and methods, including reviewing the services provided. , the performance of female employees, decorations and appearance, the internal work system and also the accounting system in addition to shopping methods.
In view of these areas, the entrepreneur can discover new opportunities and solve existing problems, and by understanding the opportunity and proving the success of the opportunity, its positive impact and the time frame for achieving it, and this comes through reading in the same specialty, surfing the Internet, attending specialized exhibitions, participating in training courses and workshops, and finally learning in travel And see successful models.
As for addressing the existing problems, Al-Enezi said that the entrepreneur must determine the cause of the problem, the desired goal, implement the optimal solution, and propose possible solutions, through the availability of data, the speed of its collection, its accuracy, and its validity, and that it is sufficient for research and conclusion.
Al-Enezi suggested several solutions to some of the problems of salons, including: allocating a monthly amount for digital marketing, always being attractive through online services, focusing on the most appropriate and interactive customers, always paying attention to presenting attractive offers, and dealing with customers.
Technical: The wide use of artificial intelligence aims to improve productivity and reduce downtime
01/06/2023
In a workshop organized by the Asharqia Chamber
technical: The wide use of artificial intelligence aims to improve productivity and reduce downtime
A specialist in the technology sector confirmed that the uses of artificial intelligence have become diverse and multiple, from health, education, industry, transportation, finance, customer services, and so on, especially if it is strong, general, and not limited to the scope of a specific task.
The Productive Director at Guru By 42, Ali bin Hassan Al Abdulbaqi, said during a workshop organized by the Asharqia Chamber, represented by the Communications and Technology Committee, Wednesday, May 31, 2023, and titled (Using artificial intelligence and chatGPT to raise work efficiency) that artificial intelligence is a branch of computer science that aims to develop systems It behaves like human intelligence and relies on algorithms and machine learning to analyze data and then make smart decisions, which increase work efficiency through developing technologies and improving interaction with users, as it runs tasks automatically, which increases efficiency and reduces manual work, and interacts with Humans through language and understand it.
And about the uses of artificial intelligence, Al Abdul-Baqi said during the lecture that was moderated by committee member Louay bin Saleh Lubni, he mentioned that it is used in essential areas of daily life, including: health, through which diseases are diagnosed and appropriate treatments are directed based on the analysis of huge medical data, and in the field of manufacturing through Improving factory productivity and reducing breakdowns by predicting maintenance and improving operations, transportation and logistics, as it works to enhance shipment distribution and route planning to reduce time and costs, and e-commerce, as it is used to enhance the online shopping experience and market appropriate products to customers, and the field of finance to enable it to enhance analysis of financial data and forecasts Market to make smart investment decisions, and customer services with the aim of improving customer support and providing quick and accurate answers via chat and voice response.
And according to the versatility of uses, he said that artificial intelligence might be limited, or it may be strong in general, depending on the required tasks. Someone who possesses a level of intelligence that can perform intellectual tasks similar to that of a human being, and who has a wide range of cognitive abilities, including reasoning, learning, and problem-solving.
He pointed out that one of the language models that rely on artificial intelligence is the advanced (chatGPT) model, which is used to generate effective and understandable answers and responses in dialogues (chat), which relies on deep learning techniques and deep neural networks to understand the context and produce relevant responses and is used in applications From intelligent customer support, virtual chat assistants, and automatic content production, because it interacts with users in a natural linguistic way, generates answers and conversations understandably, and is based on deep learning techniques to understand the context and improve performance.
A Slovak trade delegation is discussing developing ways of economic cooperation in the Asharqia Chamber
25/05/2023
A Slovak trade delegation is discussing developing ways of economic cooperation in the Asharqia Chamber
On Wednesday, May 24, 2023, Asharqia Chamber organized a meeting with the Slovak trade delegation, in the presence of the Chamber's Chairman, Badr bin Suleiman Al-Ruzaizah, and His Excellency the Slovak Ambassador.
Rudolf Mijalka, at the Chamber's headquarters.
Al-Ruzaiza said during the meeting, which was attended by the Second Vice-President Hamad bin Muhammad Al-Ammar Al-Khaldi, the Secretary-General Abdul Rahman bin Abdullah Al-Wabel, and the Director of International Trade at the Slovak Trade and Investment Agency, Egon Zorad, that the economic relations between the Kingdom and the Slovak Republic, with the opening of the headquarters of the Slovak Embassy in Riyadh, enter a new phase of development. stages of its growth and development, and emphasizes the interest and mutual endeavors of the leadership of the two countries to develop economic, tourism, investment, and trade relations, for economic relations between the two countries to take an important position on the map of the global economy, and for the coming periods to witness significant development and promising investment opportunities that open the way for the private sector of the two countries through partnerships good investment in various fields.
Al-Ruzaiza explained that the meeting aims to develop economic relations between the two countries, work to open paths of communication and investment partnerships with businessmen in the eastern region, and expand trade and investment channels to meet the aspirations of businessmen in the two countries, urging businessmen to identify investment opportunities and joint areas of cooperation towards strengthening areas of cooperation. Tourism, food, technology, pharmaceutical industries, building and construction, and other fields, and the steps the Kingdom is taking to achieve the goals of Vision 2030 by diversifying the base of the national economy.
Asharqia Chamber reviews the new tourism system regulations
25/05/2023
Asharqia Chamber reviews the new tourism system regulations
On Tuesday, May 23, 2023, the Asharqia Chamber, represented by the Hospitality and Entertainment Committee, organized a workshop that reviewed the regulations of the new tourism system, hosted by the Chamber's headquarters.
The workshop showed that the Ministry worked on preparing regulations for tourism activities by international best practices in (20) countries, according to the tourism and travel competitiveness index, and in line with the general strategy for the development of national tourism and achieving the goals of the Kingdom’s Vision 2030, and developing procedures and requirements for practicing tourism activities, and the commitments that It includes raising the level of quality of services provided to tourists, and inspecting them.
The workshop reviewed the principles that were taken into account when preparing the regulations, to enable the private sector by increasing job opportunities, adding new activities to the tourism market, considering the size of projects and the added value, and involving the local community.
In the aspect of sustainability, the criteria for preserving the environment, permanent maintenance, governance, and continuous development of workers were taken into account, and about control and tourist rights, the standards emphasized raising the level of service quality, tourist security, and safety, compensation for damage, and ensuring adherence and compliance, and on the investment side, it worked on Reducing requirements and facilitating procedures, encouraging innovation and development, attracting international companies, and providing opportunities for small enterprises.
The workshop showed that the process of developing the types and standards of tourism hospitality facilities went through stages that began with the use of a consulting company, studying the current situation through reports, field visits, and the results of applying current standards, holding meetings with international companies, international practices, and preparing the initial version, And sharing it with investors and partners by holding workshops with it and also presenting it in a survey platform, until reaching the final version.
Among the most prominent developments in the types of hospitality facilities and classification, standards are working to overcome licensing and classification difficulties, reorganizing classes, promoting sustainability, unifying requirements, and standards documents, flexibility in some standards for the regions of Makkah and Madinah, and increasing the clarity of requirements. Changing 373 old standards in the hotel sector to 361 new standards, and in the serviced apartments sector, 296 old standards were changed to 236 new standards.
The official in charge of licensing development at the Ministry of Tourism, Nawaf bin Saleh bin Shadeed, and the regulatory advisor in the Ministry of Laws and Regulations, Al-Mu’tasim Billah bin Saad Al-Madi, spoke at the workshop. The workshop was moderated by a member of the Chamber’s Hospitality and Entertainment Committee, Abdullah bin Ahmed Al-Murshid.
specialist: "Etimad platform" aims to enhance digital partnership between the private sector and government institutions
25/05/2023
specialist: "Etimad platform" aims to enhance the digital partnership between the private sector and government institutions
Lulwa bint Nasser Al-Ghaith, a training specialist at the National Center for Government Resources Systems, said that the “Etimad” electronic platform aims to strengthen partnerships between government agencies, the private sector, and individuals, to achieve the goals of development projects in the Kingdom of Saudi Arabia, achieve the digital transformation of services, enhance local content and increase participation Small and medium products in economic development, raising the level of transparency and spending efficiency.
Al-Ghaith said during a workshop held remotely to introduce the platform's services affiliated with the National Center for Government Resources Systems, which was moderated by a member of the Commercial Committee in the Asharqia Chamber, Eng. Muhammad bin Khalid Al-Muhammadi, on Tuesday (23 / May / 2023) that the center, which was established to support small and medium enterprises and local content By raising the level of quality of services provided to beneficiaries, improving procedures and integration among them, promoting innovation and using the most prominent modern technologies. Pointing out that the beneficiaries of the platform are government agencies, private sector institutions, government employees, and financial institutions, as through the platform, opportunities are provided to everyone, experience is improved, and cooperation between the various parties is enhanced.
Al-Ghaith explained through the workshop, which defined some of the services and products provided through the platform, including the "digital contracting" service, which is a government service that provides an opportunity for both government agencies and the private sector to agree on the details of contracts and sign them digitally, which results in strengthening the role of the private sector in Participate in the "automation" of contract forms.
Al-Ghaith presented a comparison between the current situation (post-service) and the previous situation (i.e. before the service), as all procedures - including signature - are now done digitally instead of the last paper and manual status, in addition to that contract information and awarding mechanisms are now It is clear, and that the competition procedures had become linked with the registration procedures after the automation of the forms, unlike the previous period when there was no link mentioned in this regard.
Asharqia Chamber is making preparations to launch the 9th edition of the "Jobs 2023" exhibition
23/05/2023
Asharqia Chamber is making preparations to launch the 9th edition of the "Jobs 2023" exhibition
Asharqia Chamber, represented by the Employment Center, is making preparations to launch the 9th edition of the "Jobs 2023" exhibition for a period of 4 days, as it will start on Monday, October 23, 2023, and will continue until Thursday, corresponding to October 26, 2023, on the grounds of the Dhahran International Exhibitions Company "Dhahran Expo" in Al-Rakah.
Al-Ruzaiza said that the exhibition, which is being held under the auspices of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, keeps pace with the development in human resources and new specializations that have become a requirement for the labor market, indicating that the exhibition highlights national competencies that hold various specializations. Where the business sector looks forward to it, to be part of the corporate work team.
Al-Ruzaiza said that many Saudi graduates who studied - inside or outside the Kingdom - specializations needed by the country to create the future and moved away from the specializations preferred by most students in the past, pointing out that the new specializations are qualitative and keep pace with the Kingdom's Vision 2030, and the demand for them has become great from the business sector. Hence, the exhibition is a valuable opportunity for the owners of these disciplines to find job opportunities that suit them, as the exhibition witnesses a large participation of companies working in various fields that are interested in making change.
Al-Ruzaiza indicated that the exhibition aims to achieve communication between the business sector on the one hand, and providers of training and employment services and specialists in human resources management and employment on the other hand, and between these agencies and job seekers on the third side, explaining that the Asharqia Chamber will show this version of the exhibition with modern technical capabilities and diverse so that it is easier for job seekers of both sexes to search for job opportunities and register among the applicants for them, calling on companies and institutions to quickly participate and reserve their places in the exhibition, expressing his hope that the job fair will contribute to achieving the success achieved by the previous editions, which contributed to the employment of many national energies In various work sites in companies and private institutions.
Al Habtoor: My passion forced me to turn down the job, and my beginnings were humble
21/05/2023
Al Habtoor: My passion forced me to turn down the job, and my beginnings were humble
On Wednesday, May 17, 2023, the Asharqia Chamber, represented by the Youth Business Council, organized the “My Experience” program, one of the council’s programs, which hosted the businessman Khalaf Al Habtoor via the Zoom platform.
Al Habtoor stressed during the meeting, which was moderated by Council Chairman Saad bin Khaled Al-Mojil, that the Gulf countries have proven that they are more developed than the countries of the West, and this was evident during the global Corona crisis, as they were able to deal with the problem and get out of it with the least losses, through the support provided by the leaders of the Gulf countries. And everyone’s cooperation with the state, resulted in an improvement in the economic situation, indicating that the Gulf economy flourished after the crisis and recorded a significant increase until it became better than the period that preceded the Corona crisis.
Al Habtoor advised young businessmen to work in the areas they love and excel in, and to improve and be careful in choosing human resources and high professional competencies, which will help them in the continuation and development of their business and trade, which is a real test for them because the competencies are somewhat scarce, and to mix in the councils of men with experience in Trade and economy. They are interested in forming relationships that serve them and reflect positively on them, and they must strive to learn more and develop themselves and their capabilities.
On the idea of the merger, Al Habtoor said that it is a good idea, but it must be built on a sound foundation, and that the goal of the merger is to add to the two parties, and not just a merger of the merger idea.
Regarding the interest in the diversity of activities for young entrepreneurs, he stressed that young people should build the main project and make sure that it has become strong and then proceed to various other projects. Contracting makes me feel that the economic situation is acceptable and that the market is refreshing and ready for many projects.
Al Habtoor advised young businessmen to study any project thoroughly and comprehensively for all aspects before embarking on it, pointing to his experience in the projects of car rental offices and private schools, stressing that they are projects that generate large profits. It does not satisfy the entrepreneur to some extent, unlike contracting projects.
Al Habtoor emphasized that an entrepreneur must be active and patient to achieve success in his working life, pointing to his experience at the start of his business, as he stressed that his passion forced him to leave his job and borrow money from his brothers to start his projects, and after several setbacks and failures, he began to make His path towards success was with a number of his colleagues who believed in his abilities and worked with him without financial compensation, until they all achieved success
Al Habtoor said: I worked with colleagues of mine who were dismissed from the company in which I was working, and we received a residential house project for one of the well-known families, and from behind the project we made a profit estimated at 5,000 dirhams, and after several works, I entered as a competitor with the company I was working for in a project to establish a cinema and after it was awarded The project on my company made profits estimated at more than 500 thousand dirhams, and after that, large projects followed, thanks to God Almighty and the support of the lead until we were able to develop the city of Dubai with various development projects.
Asharqia Chamber finishes receiving applications for participation in the "My craft " Exhibition 2023
11/04/2023
Asharqia Chamber finishes receiving applications for participation in the "My Craft" Exhibition 2023
Asharqia Chamber has finished receiving requests for the participation of productive families and owners of crafts and handicrafts in the sixth edition of its annual exhibition “My Craft 2023 AD”, and it is now conducting the stage of sorting the posts and ensuring that they comply with the specific criteria and conditions for acceptance, which is followed by another stage by involving those who have been selected in a series of Developmental training programs before the start of the exhibition to enhance their marketing capabilities.
The exhibition comes under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, during the period from 23 to 27 May this year, at the headquarters of the Dhahran Expo Company in Dammam.
Al-Ruzaiza explained that the exhibition comes in line with the vision and its objectives to develop and transform the productive families sector, crafts, and handicrafts into a more organized sector to be an added value to the national economy, pointing out that the exhibition in its sixth edition comes within the Chamber's plan aimed at continuing its efforts by making the pioneers of this sector an active number within the economies of the Kingdom in general and the eastern region in particular,
Al-Ruzaiza said that the exhibition of the year in its new version aims to organize the work of productive families and owners of crafts and handicrafts by developing their capabilities and providing them with the professional, administrative, and creative skills necessary to raise the quality of their products and then allowing them to display and sell their products within the various pavilions of the exhibition and according to organized marketing channels that guarantee participants sustainable income and motivate them to lead businesses.
Regarding the privileges granted to productive families and owners of crafts, arts, and handicrafts participating in the exhibition, Al-Ruzaiza said: (There are many advantages, on top of which is the participants’ access to free training courses before the exhibition is held, in addition to their inclusion in the marketing guide that the Chamber will issue in conjunction with the exhibition). He pointed out that the exhibition of the year is attended by many supportive and incubating bodies for productive families and owners of crafts and handicrafts, namely: the Ministry of Human Resources and Social Development, the Social Development Bank, the Eastern Region Council for Social Responsibility, the Heritage Authority in the Eastern Region, the Culture and Arts Association in the Eastern Region and its employees, and many other associations and centers.
The CEO of NEOM in a message to young entrepreneurs: Seize the investment opportunities in the city of the future
10/04/2023
He was a guest on the "My Experience" program in the Asharqia Chamber
The CEO of NEOM in a message to young entrepreneurs: Seize the investment opportunities in the city of the future
The CEO of the NEOM project, Eng. Nazmi Al-Nasr, called on young men and women of business to take advantage of the investment opportunities available in NEOM, stressing that the work team is fully prepared to train and qualify them for the future needs of the project.
Al-Nasr said during the "My Experience" program organized by the Asharqia Chamber represented by the Business Youth Council on Sunday evening, April 9, 2023, that the NEOM project was designed to be constantly evolving and investigating everything new to infinity, indicating that the project implementation stages are multiple and require different capabilities at each stage.
Engineer Nazmi Al-Nasr talked about his beginnings, especially the stages of education and work, and the most prominent challenges and achievements in his life, leading to the NEOM project, in a meeting that witnessed the presence of the President of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, and the Chairman of the Youth Business Council, Saad bin Khaled Al-Moajel, and the participation of a large number of the business sector, interested persons and media professionals, indicating That luck played a major role in his life, as is the case with his generation who lived through the first boom of the Kingdom, which witnessed the golden phase after the discovery of oil.
Al-Nasr said during the meeting, which was moderated by the journalist at Al-Ikhbaria channel, Muhammad bin Saad,
When he was studying in secondary school, he was passionate and related to energy and chemical engineering matters, and he used to say that this is the future, so he decided to join the University of Petroleum and study chemical engineering in the year 1973 AD, and from there to Aramco University.
And about the most prominent challenges he faced during his scientific and practical career, especially in that period when the capabilities that are available to the children of today's generation are not available, he said that he faced the first challenge in his life when he graduated from King Fahd University of Petroleum and Minerals with a major in "Chemical Engineering" in the year 1978 AD and went to a company Aramco until he applied for the available job and was surprised by his acceptance directly, and after 12 days had passed, he went to his line manager, who had not paid him any attention at the beginning of his work, and told him that he specialized in chemical engineering and not civil, as he was working in construction, so his manager told him that he holds a certificate and is not a specialist yet, And that if he wants to have an interest in the future, he must learn in the field of work, and Al-Nasr said: I asked him about the core of my specialty and I did not know the answer, and he told me to go and learn to become something prestigious. Hence my starting point.
Al-Nasr stopped by the Shaybah field and the great challenge that the work team faced at the time, as the field was discovered in 1968 AD, and work was not done to develop it until 1995 AD, and Al-Nasr said that the project decided for him to be completed within 5 years with a budget estimated at five million dollars, and he formed a team of 55 engineers, including 50 Saudi engineers, and with the determination of the men and their high patriotic sense that I saw daily in their eyes, we were able to complete the development of the field in three years and a quarter of the approved budget, and under Saudi management.
It is noteworthy that Eng. Al-Nasr assumed leadership of several strategic projects in Saudi Aramco, and in 2006 AD, he supervised the development work of King Abdullah University of Science and Technology (KAUST) before he devoted himself to the university in 2013, and in mid-2018 AD, Eng. Al-Nasr began heading the NEOM project, which is the cornerstone of the Kingdom's Vision 2030, to lead the company's bold and ambitious program, and to make NEOM an economic engine and a global center for innovation and business projects to build the future.
During the meeting, the head of the Youth Business Council, Saad bin Khaled Al-Mojil, said: The Council has a growing role in developing future entrepreneurs from the region, by monitoring their experiences, ideas, and innovations to embody them in investment projects of added value to the national economy.
Al-Mojil stated that the Council has achieved, over its previous years, many achievements in serving the youth business sector, by enriching their economic knowledge and increasing their skills in self-employment. This meeting comes with a national figure who has completed many ambitious projects and spent many years working with international engineering and consulting companies. And he has a professional career full of experiences, which is an opportunity for us as young businessmen to learn from the experience and career of a young woman whose giving is continuing.
Specialist: 3 essential steps before reaching a perfect product
10/04/2023
Specialist: 3 essential steps before reaching a perfect product
The founder and CEO of the "Baitk" application, Khaled Al-Hamli, talked about creating an online store that starts with analyzing the entrepreneurial idea and creating and choosing the appropriate business model.
Al-Hamli said during a lecture organized by the Asharqia Chamber represented by the Communications and Technology Committee on Wednesday evening, April 5, 2023, moderated by a member of the committee, Muhammad Al Muammar, that the steps should include viewing growth models, creating a graph of expected growth, determining the type of store, determining development methods, and a delivery method. The product, as he referred to the life stages of startups, begins with formulating the idea and talking about it to everyone, reaches a product that is suitable for the market and capable of growth, and reaches an appropriate marketing channel.
On understanding the economic unit, Al-Hamli pointed to several methods that help in this, including creating a growth chart, determining the value of the company and the possible investment, determining the marketing budget, and identifying exit opportunities.
During his speech, Al-Hamli referred to several challenges and invested in them in finding appropriate solutions to them. Referring to important steps that must be adopted before reaching an ideal product, the first begins by asking whether the problem is worth investing in the solution for sustainable growth based on the data of the economic unit, the size of the large sector, and the customers' need to serve you.
The second step is represented by verifying the hypotheses of the idea and developing it by listening to customers, working on developing the product and modifying it based on clear goals to improve the economic unit. Developing the product, reducing spending, and not worrying about growth.
Al-Ruzaiza: The continuous decline in unemployment rates confirms the solidity of the national economy and the success of the government plans
02/04/2023
Al-Ruzaiza: The continuous decline in unemployment rates confirms the solidity of the national economy and the success of the government plans
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, praised the government's efforts in the continuous decline in unemployment rates, which the country has witnessed since the end of the pandemic until now, and that it reached a record high in the fourth quarter of 2022 AD, and said: This continuous decline in unemployment rates between males and females in the Kingdom, despite the slowdown in the growth of the global economy and the repercussions of international conditions such as high inflation and fluctuations in global markets, and the major economic challenges facing various countries of the world, confirm the solidity of the national economy and the success of government plans in generating jobs and revitalizing the business movement in general, and this decline is expected to continue during this year, due to the launch of many projects and investment expansion in various sectors.
And the General Authority for Statistics revealed, in its publication on the labor market for the fourth quarter of last year, that the unemployment rate for the total population in the Kingdom decreased to 8.0% for the fourth quarter of 2022 AD, compared to 9.9% in the third quarter of 2022 AD, driven by government activities and the role of the private sector. In generating jobs, whose compliance with government Emiratization decisions exceeds 95%.
Al-Ruzaiza attributed the achievement of a higher continuation of the rates of participation of the national labor force in the labor market, to those integrated policies that came within the framework of the Kingdom’s Vision 2030 AD and made it one of its most important priorities to work to achieve the goals of creating job opportunities for the national labor force and included a large and expanding package of programs and initiatives considered under the umbrella. The national strategy for the labor market, as well as the reforms and measures taken by the state, were reflected in the smoothness of the local economy and its ability to deal with various events and repercussions, as well as the opening of space for new and qualitative sectors within the policy of economic diversification, pointing out that the Saudi labor market is witnessing a tangible rise about its attractiveness and ability. On the absorption of the national labor force, pointing out that the Kingdom had risen to 13th place in the labor market efficiency index, according to the Global Competitiveness Report.
A memorandum of understanding between the Asharqia Chamber and the Oqal Group to support entrepreneurs
27/03/2023
A memorandum of understanding between the Asharqia Chamber and the Oqal Group to support entrepreneurs
Asharqia Chamber, represented by the "Asharqia Chamber Incubator for Entrepreneurship" and the Oqal Angel Investors Group, signed a "Memorandum of Understanding" to coordinate cooperation between the two parties to support the small and medium enterprises sector, through partnership and cooperation to provide technical and advisory support and administrative coordination in implementing joint programs through the incubator .
The memorandum, which was signed on behalf of the Chamber by its Secretary General, Abdul Rahman bin Abdullah Al-Wabel, and on behalf of the founder and chairman of the Board of Trustees, Faris bin Ibrahim Al-Rashed, stems from the importance of small and medium enterprises in supporting the national economy and advancing development, and the positive impact they have on the economic and social levels, and the increase in exports. Creating new job opportunities for Saudi youth, opening new labor markets, diversifying sources of income, and expanding the productive base in line with achieving the Kingdom’s Vision (2030).
Accordingly, and according to the memorandum, the two parties agreed to implement a number of activities, including the establishment of joint entrepreneurial workshops and meetings, according to what is available at the headquarters of the Asharqia Chamber incubator for entrepreneurship, and what this requires to provide qualified trainers and consultants to participate in the programs and activities of the incubator.
Asharqia Chamber launches "My Work" electronic page
27/03/2023
Asharqia Chamber launches "My Work" electronic page
Asharqia Chamber launched the electronic page for its exhibition of productive families, crafts, and handicrafts (My Craftsmanship 2023 AD), which is organized by the Chamber in its sixth edition under the auspices of His Royal Highness Prince “Saud bin Nayef bin Abdulaziz”, Governor of the Eastern Region, from May 23 to 27, 2023 AD, in the exhibition grounds of the company Dhahran Expo, Dammam - Khobar Coastal Road.
The exhibition's website includes all the details related to the exhibition's vision and message, the method of registration for productive families or owners of crafts and handicrafts, the criteria and requirements for admission to participating in the exhibition, as well as the training programs to be held for the participants before the start of the exhibition, aimed at providing them with marketing, pricing, relations, and social communication skills.
The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the organization of Asharqia Chamber “Sanati” for the sixth time comes within the framework of the Chamber’s continuous support for projects, programs, and events that are in line with national efforts to upgrade a sector that plays a strong role in the national economy.
And he indicated that the Chamber's plan to promote the sector of productive families and owners of crafts and handicrafts is based on three main axes, the first of which tries to change the society's culture towards micro-enterprises or productive family projects, by intensifying lectures and awareness campaigns through various possible communication channels, while the second axis focuses on Offering training programs for everything related to productive families, holding workshops and presenting successful international experiences, about the third and final axis, organizing specialized exhibitions for productive families and owners of crafts and handicrafts, through which families carry out their work within an appropriate regulatory framework that enables them to display their products in front of visitors, which is what It is embodied in the My Craftsmanship exhibition organized by the Chamber since 2015.
Asharqia Chamber holds the annual Ramadan meeting for businessmen amid a qualitative presence
26/03/2023
Asharqia Chamber holds the annual Ramadan meeting for businessmen amid a qualitative presence
On Saturday evening, March 25, 2023, Asharqia Chamber held the annual Ramadan meeting for businessmen as part of the Ramadan meetings program that Asharqia Chamber has been holding at the beginning of the blessed month of Ramadan.
The Chamber's headquarters witnessed a qualitative presence from the business sector, representatives of government departments, members of the diplomatic corps working in the region, and representatives of the media in the eastern region.
The Chairman of the Board of Directors, Badr bin Suleiman Al-Ruzaiza, confirmed that the Chamber has always held this meeting. It is an opportunity for the business sector, officials, and those interested in meeting to exchange congratulations and blessings on the holy month, indicating that the business community in the eastern region is very keen to attend and meet with everyone in an intimate and fraternal atmosphere.
Al-Ruzaiza pointed out that the meeting witnessed a qualitative presence of businessmen, as well as several friendly talks and dialogues in economic and social affairs, in addition to meeting businessmen and members of the Board of Directors, as well as more communication with the participants.
On Monday evening, the annual Ramadan meeting for businesswomen will be held at the Chamber's headquarters.
Al-Ruzaiza: Social Responsibility Day is an opportunity for the business sector to highlight its roles and contributions in community service
23/03/2023
Al-Ruzaiza: Social Responsibility Day is an opportunity for the business sector to highlight its roles and contributions to community service
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, confirmed that Social Responsibility Day is a distinguished occasion and a good opportunity for the business sector to highlight its roles and contributions in community service, and pointed out that Vision 2030 AD involved in implementing its objectives on many aspects of social dimensions that fall under the framework of the vocabulary of social responsibility, and that Due to its great importance in the development of society according to the foundations of sustainability.
The Kingdom had adopted March 23 of each year as a day for social responsibility, in which social responsibility programs are highlighted to highlight the role of private sector companies and institutions in what they provide for the prosperity and progress of society.
Al-Ruzaiza said that social responsibility is an essential pillar in the life of societies, as it supports the community environment and strengthens the bonds of cohesion and solidarity between members of society, as well as the national economy through its direct impact on the sustainability and promotion of the work of all economic sectors, stressing that it has become a standard today. Mainly to indicate the extent of active participation of companies and institutions in community service.
He pointed out that the Chamber has a long history of motivating the business sector to include social responsibility within its main programs, based on what it achieves from a real community partnership. The positive results it produces in terms of business sustainability, so it were among its strategic objectives. It is keen to implement many Events and activities and launch qualitative programs and initiatives that contribute to the business sector's awareness of its social responsibilities and the consolidation of its principles in its facilities.
Al-Ruzaiza explained that social responsibility is now equal in its importance, value, and impact to many establishments, with other economic programs, which created a work environment for them capable of dealing with the rapid developments in the economic, technological, and administrative aspects, and these establishments play a pivotal role in the development process. She realized that she was linked to her community and needed to expand her activities to include more productive activecities.
More than 150 establishments specialized in the manufacture of fodder are under supervision in the eastern sector of the "Food and Drug Administration"
22/03/2023
During a workshop in the Asharqia Chamber
More than 150 establishments specialized in the manufacture of fodder are under supervision in the eastern sector of the "Food and Drug Administration"
On Tuesday, March 21, 2023, the Asharqia Chamber, represented by the Agriculture and Food Committee, in cooperation with the Food and Drug Authority, held a workshop that reviewed the feed industry and its most prominent challenges, at the Chamber's headquarters.
The Director of the Feed Department at the Authority, Abdul-Ilah bin Muhammad Al-Nujaimi, confirmed that practicing the activity must obtain a license from the Authority by the conditions and requirements specified by the regulations, so that the Authority - after that - licenses the establishments through the National Feed Registry System, and monitors them through inspection visits, monitoring programs, and product registration. Through the National Feed Registry System, according to the classifications approved by the Authority.
Al-Nujaimi said during the workshop, which was moderated by the Chairman of the Committee, Mohammed bin Nasser Al-Dayel, that the total number of registered products from 2015 to 2022 is more than 12,000, noting that the total number of establishments under the authority’s supervision in the eastern sector is more than 150. establishment.
He pointed out that all establishments are evaluated and motivated to raise the quality of their products. After each inspection visit, the establishment is provided with the evaluation result of the visit, through the "Taqeem" program, which was developed to ensure the establishment's commitment to applying health and safety standards, reducing wrong practices within the establishment, and ensuring optimal application. For safety programs in establishments and their workers, support for non-oil exports, raising the level of competitiveness between establishments, enhancing the reputation and quality of the local product, informing the consumer of the evaluation results of establishments according to the dates specified on the authority’s website at the end of each calendar year, and raising consumer confidence in the local product.
Regarding electronic self-assessment, Aban Al-Nujaimi, that it is an initiative that aspires to create the highest levels of commitment and compliance with the regulations, requirements, and conditions related to the Food and Drug Authority. This is done through the establishment's self-assessment of itself and measuring the extent of its compliance with the relevant laws, regulations, and requirements, and then the establishment takes the necessary corrective measures to correct its situation.
The program aims to raise the percentage of transparency in the establishments’ dealings with the Food and Drug General Authority, increase the establishments’ awareness of the requirements and conditions, and list all requirements and requirements and present them in an easy and updated manner for the facility. Cases of non-conformity, preparing facilities for the visit of the authority's inspector, and reducing the chance of committing violations during inspection visits.
Offering 56 investment opportunities in the fields of tourism, education and services in Jubail Industrial City
20/03/2023
During a workshop in the Asharqia Chamber
Offering 56 investment opportunities in the fields of tourism, education, and services in Jubail Industrial City
The Director of the Commercial and Residential Investment Department at the Royal Commission in Jubail, Manea bin Yahya Al Mansour, affirmed the Commission's keenness to attract distinguished investors and qualified international brands in their investment fields, to communicate with them to invest in Jubail Industrial City, according to the Commission's procedures.
This came during a workshop organized by the Asharqia Chamber today, Monday, March 20, 2023, entitled (Review of investment mechanisms and opportunities in the Royal Commission for Jubail Industrial City), during which he reviewed 56 investment opportunities in the city, including tourism, educational, service, health, and residential investment opportunities.
He pointed out that the authority seeks to be "the best choice for investors in the industrial sector and the main contributor to the progress and sustainability of the industry in the Kingdom, through the development, empowerment, and management of sustainable industrial cities that encourage innovation and provide advanced infrastructure and distinguished services to lead to a prosperous economy and a vibrant society that keeps pace with the aspirations of the nation and partners."
He mentioned that Jubail Industrial, in the year 2021, has become one of the largest industrial cities in the world, as it includes more than 35,000 housing units, and it has 15 clinics and hospitals, 4 colleges and institutes, 116 mosques, 5 beaches, 1,500 commercial establishments, 97 schools and kindergartens, and 19 gardens and parks, and the share of each inhabitant is estimated at 89 square meters of green areas, and the city won the first Learning City Award.
He pointed out that there are several incentives for investment in Jubail Industrial City, including that it is a city with a strategic location on the coast of the Arabian Gulf near four Gulf capitals (Kuwait, Manama, Doha, and Riyadh), and has an infrastructure of international standards, in addition to that the Royal Commission grants long agreements. The term may reach 50 years for projects of a special nature and other incentives.
He explained that there are criteria adopted by the Authority for the selection of investors. After providing the basic requirements of the commercial register and so on, the Authority looks at the performance of the investor in similar projects, the number of years of experience, the bid price, the global presence, and the added value as criteria upon which the investor is selected.
A Moroccan trade delegation reviews investment opportunities in electric and renewable energy services
16/03/2023
During a meeting organized by the Asharqia Chamber
A Moroccan trade delegation reviews investment opportunities in electric and renewable energy services
On Thursday, March 16, 2023, the First Vice-Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Buali, met with the head of the Moroccan trade delegation and the Chairman of the Partnerships and International Development Committee of the National Federation of Electricity, Electronics, and Renewable Energy in the Kingdom of Morocco, Muhammad Zakzoti, where they discussed aspects of economic cooperation between the two chambers.
Al-Buali stressed the depth of the Saudi-Moroccan relations, pointing out that the relations between the two kingdoms are characterized by a high level of strong brotherly relations, and the ties of sincere affection bind the leadership in the two countries.
Al-Buali said during the meeting, which was attended by the Secretary-General Abdul Rahman bin Abdullah Al-Wabel and a member of the Saudi-Moroccan Business Council, Ali Berman Al-Yami, that based on the joint will that the two countries follow, under the directives of their leaderships, to enhance the horizons of cooperation and strengthen partnerships between them, it was agreed to develop a road map to define cooperation priorities. The bilateral economic, optimal exploitation of the industrial integration between the two countries and the important capabilities available within the framework of a relationship that takes into account mutual interests.
He also made it clear that the private sector in both countries can, in light of the favorable conditions supported by the two leaderships, play a major role in increasing the horizons of economic cooperation, promoting trade and joint projects in various fields, especially electrical services, renewable energy, and others.
The Kingdom and the Kingdom of Morocco share many areas of cooperation, as the two countries have growing trade relations, as the average volume of trade exchange between the Kingdom and Morocco increased by 117.24% in the year 2120 AD, compared to 2020 AD. It increased by 107.90% compared to 2017 AD. Joint investments witnessed There have been remarkable increases between the two sides over the past few years in various economic sectors, which indicates, in light of the enormous opportunities and potentials of the two countries, an increase in the horizons of economic cooperation, the promotion of intra-trade, and the establishment of more investment projects.
For this part, Zakzoti said that Saudi Arabia and Morocco are characterized by advanced economic and trade relations, pointing to the importance of strengthening these relations through business sector communication and discussing ways to enhance cooperation and seize investment opportunities available between the two countries, stressing that the business sector in Morocco is keen to develop trade and economic relations between the two kingdoms In line with the aspirations of the leadership to raise the rates of trade exchange in line with the development plans of the two countries.
The Chamber received a commercial delegation specializing in the energy sector, "electrical services and renewable energy," which witnessed remarkable interaction from the business sector in the eastern region.
Made in Saudi Arabia: the registration of more than 1,700 companies representing the identity of the national industries
15/03/2023
Made in Saudi Arabia: the registration of more than 1,700 companies representing the identity of the national industries
The Director General of the "Made in Saudi Arabia" program, Faisal bin Ahmed Al-Maghlouth, confirmed that more than 1,700 companies representing the identity of national industries in the local and international markets have joined the program, of which 700 companies have had the program’s logo placed on their products.
Al-Maghlouth said during a workshop organized by the Asharqia Chamber, represented by the Business Youth Council, on Tuesday evening, March 14, 2023, and moderated by Vice President of the Council, Rami Al-Sayed, that the “Made in Saudi Arabia” program is a national initiative launched by the Saudi Export Development Authority, within the initiatives of the National Industry Development and Logistics Services Program, which seeks to Market national goods and services to become the preferred choice locally and globally, in cooperation with partners from the private sector, to make Saudi goods and services the preferred choice locally and globally, and what this means is “committed to building a reliable brand that drives the demand for Saudi products and services, locally and globally.”
He added that the objectives of the program include several segments represented in "the local and international consumer, and the society of the industrial and service sectors," as the program seeks to increase the share of the local market in Saudi goods and services, increase non-oil exports to priority foreign markets, and enhance the attractiveness of the Saudi industrial sector for local investment. Therefore, those in charge of the program seek to build and strengthen a special identity for national industries and services and market them locally and internationally.
Al-Maghlouth said that the program contributes to achieving several goals that the Kingdom’s Vision 2030 seeks to achieve, including developing the private sector’s contribution to the national economy, unleashing the capabilities of promising non-oil sectors, developing non-oil exports, and creating job opportunities through small and medium enterprises and micro-enterprises, and in general "Promoting the Saudi National Identity".
He pointed out that the program's partners have exceeded forty partners from government and private establishments and institutions, and work are underway to add more, as more than 1,700 companies have joined the program, providing 8,364 products, including 700 companies that put the logo on their products, and work is underway to increase the number of companies.
He reviewed the mechanism of joining the "Made in Saudi Arabia" program, stressing the need to observe the necessary controls for joining, such as product licensing and certificates that confirm this, in addition to its specialization in specific fields. The program seeks to develop it and achieve its presence in the local and international markets, noting that several advantages are achieved. By joining, including marketing locally and abroad, achieving communication with governmental and private agencies, as well as obtaining the services of the Export Development Authority, and other advantages, calling for joining the “Made in Saudi Arabia” program, after providing all its requirements, because of its benefits and privileges which it gets used to the product and the national economy in general.
The Economy magazine launches its new identity as part of a development project that keeps pace with economic developments
09/03/2023
The Economy magazine launches its new identity as part of a development project that keeps pace with economic developments
The "Economy" magazine issued by the Asharqia Chamber launched its new identity, and the first issue after six hundred witnessed the issuance of the magazine in its new form.
The development project included the development of the magazine’s wording, in form and content, to keep pace with the state of diversification and the great development that the national "economy" is experiencing, and the huge and successive changes taking place in the global economy arena in various fields, in addition to the rapid development witnessed by the media and press today imposed by modern technologies and technological developments.
The new issue of the magazine mixed the analytical dimension of economic and development facts and events, and the artistic dimension in which the magazine took a track that kept pace with the major global economic magazines in its latest press production arts, to create a mixture between the visual image of the recipient, and what the magazine monitors and refutes in terms of topics and chapters in All sectors, both traditional and contemporary.
In its new issue, and through its modern and varied tabulation, the magazine dealt with many topics and issues related to the national and global economy. In its main file, it devoted a long and in-depth reading about natural gas in the Kingdom and its future indicators. It also presented a clear picture of the best sectors to which investment can be directed in light of inflation trends.
The "Economy" magazine, published by the Asharqia Chamber for more than half a century, is classified as one of the most prominent specialized economic publications in the Gulf region. Al-Watan and the developments of the global economy in all its stages, as it is one of the magazines that witnessed all stages of economic development in the Kingdom and the Gulf.
An Omani trade delegation discusses promoting investment in the construction sector, oil industry and water solutions
09/03/2023
An Omani trade delegation discusses promoting investment in the construction sector, oil industry, and water solutions
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, met on Wednesday, March 8, 2023, the Chairman of the Board of Directors of the Amman Chamber branch in Al-Dhahirah Governorate, Saif bin Saeed Al-Badi, where they discussed aspects of economic cooperation between the two chambers.
Al-Ruzaiza noted the depth of relations between the Kingdom and the Sultanate of Oman, describing it as a true model and example for Gulf and Arab cooperation in all fields.
During his meeting with Al-Badi, who headed an Omani trade delegation comprising officials and businessmen, Al-Ruzaiza said that the private sector in the two countries can, in light of the favorable conditions supported by the two countries' visions for the future, play a major role in increasing the horizons of economic cooperation, enhancing intra-trade, and establishing more investment projects, pointing out Asharqia Chamber, in the framework of its objectives to strengthen joint trade relations between the private sector in both countries, puts all its capabilities to facilitate the tasks of the business sector in order to expand investment circles, enhance trade exchange and establish complementary investments between the two sides.
For this part, Al-Badi said that the Kingdom and the authority of Oman enjoy distinguished economic and trade relations, stressing the importance of strengthening these relations by discussing investment opportunities in various sectors, the most prominent of which are construction, oil and water treatment, indicating that Oman is looking forward to holding many companies between the business sector in The two countries affirm the aspirations of the two countries aimed at developing trade exchange, and complement the development plans between the Kingdom and the Sultanate of Oman, which have taken great strides over the past years.
Mineral products, plastics, agricultural, animal and industrial products, natural resources and organic chemical products are considered among the most important commodities and products of trade exchange between the two countries, which increased in the year 2021 AD by 5.3% compared to the year 2020 AD, and it increased by 23.4% compared to the year 2017 AD, which indicates that the years witnessed The next step is a greater increase in the volume of trade exchange and diversification of investments between the two countries, especially in light of the keenness shown by the leaderships of the two countries to expand the base of economic partnerships.
The meeting was attended by a member of the Board of Directors of the Asharqia Chamber, Abdul Rahman bin Muhammad Al-Bassam, and the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and from the Amman Chamber, the deputy head of the branch in Al-Dhahirah Governorate, Ibrahim bin Hamad Al-Hinai, and a member of the Board of Directors, Fahd bin Rashid Al-Zaidi.
The General Assembly of the Asharqia Chamber approves the financial statements and the operating and capital budget for the year 2023
08/03/2023
The General Assembly of the Asharqia Chamber approves the financial statements and the operating and capital budget for the year 2023
On Tuesday, March 7, 2023, the Asharqia Chamber held the work of the General Assembly for the fiscal year 2022 AD, during which the Chairman of the Board of Directors, Badr bin Suleiman Al-Ruzaiza, reviewed the financial statements and the operational and capital budget for the current year 2023.
Al-Ruzaiza said in front of the association that the Chamber continued its efforts to continue giving following its vision and mission, which is based on supporting and developing the economic and developmental work of the business sector and serving as a platform to enhance communication opportunities, by continuously working to provide high-quality services that meet the aspirations and achieve the aspirations of subscribers and associates according to frameworks that keep pace with development and do not deviate About quality and workmanship options.
Al-Ruzaiza indicated that the Chamber is moving according to an ambitious strategic plan in line with the national vision for economic diversification and that the past year was distinguished in terms of achievements, offering, adopting, and implementing programs and initiatives.
Last year, the chamber prepared more than 33 studies, research, reports, and specialized working papers, and issued about 25 products that included the state of trade relations between the Kingdom and other countries, and about 20 topics that represent the chamber’s views on economic developments in the country.
In terms of legal services and advice, the number of beneficiaries of legal advice provided by the Chamber's specialized staff has reached about 615, while the number of arbitration cases handled by the Chamber has reached about 24 cases, of which 8 cases have been completed, and the number of commercial dispute cases reached 23 cases of which 16 cases have been completed. The number of registered and closed protest cases reached 18, of which 6 were terminated.
To expand the work of the Chamber in the field of legal advice and commercial arbitration, working within the institutional framework, the Chamber launched the Arbitration Center, which is based on a group of experienced and competent people in the field of arbitration.
As for the services of the Training and Leadership Development Center, the center has implemented 40 training and rehabilitation programs, and the number of beneficiaries of the center's services has reached about 1,733 trainees, with several training days amounting to about 111 days, with 475 training hours.
To complete the Saudiasation support system, the Chamber worked during 2022 AD to continue supporting the Saudiasation endeavors, as the Employment Center organized 14 meetings in cooperation with several establishments. as part of the Chamber’s services aimed at supporting businesswomen in the region, the Women’s Empowerment Center in the Chamber implemented 65 programs and events that varied between lectures, seminars, and workshops, from which 5,600 women benefited. The Center also provided 145 information services on all economic activities, in addition to providing 9 specialized training programs aimed at To educate and assisting women with ideas and projects to start their projects and organize specialized workshops on empowering women in family businesses, in addition to establishing the Women's Economic Forum 2022.
The Chamber paid attention and attention to small and medium-sized enterprises, and during the past year, it had several activities under various titles, including direct consultations, training programs, expanded meetings, and various visits to young businessmen and women. The Small and Medium Enterprises Development Center provided about 680 consultations throughout the year. Between administrative, marketing, constituent, and technical consultations, the center also organized 16 lectures, workshops, and meetings.
The business committees achieved several achievements, as they carried out 63 meetings, in addition to 48 meetings of work teams and 19 expanded meetings. The number of lectures and workshops organized by the committee's sector reached 77 lectures and workshops, while the number of hosts, visits, and meetings of officials reached 64 meetings.
To strengthen ways of cooperation and develop international relations to promote foreign investment, the number of visits by diplomatic and official delegations and important personalities to the Chamber reached about 26, while the number of Saudi businessmen participating in external events and events amounted to about 20 delegations.
Based on the social responsibility of the Asharqia Chamber and in continuation of its charitable contributions through the Patients’ Friends Committee, several health centers were equipped to receive auditors to receive anti-coronavirus doses by providing medical devices and supplies, in addition to visiting several hospitals to touch their needs, and also organized a meeting of the General Assembly of the Patients’ Friends Committee In the Eastern region, under the auspices and honor of His Highness, the Emir of the Eastern Province.
As part of the Chamber's interest in human capital, upgrading the Chamber's cadre, and developing the internal work environment, where 14 general and specialized training programs were held, benefiting 17 employees, and developing administrative and technical systems for the interior environment, 4 quality certificates related to information security, quality management, customer complaints, and business continuity were renewed, as well The Chamber received a certificate for the best work environment.
At the end of the association’s work, Al-Ruzaiza appreciated the great support from His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, for all the activities and initiatives launched by the Chamber, to confirm his highness’s keenness to sponsor the private sector and stand beside it, and open more horizons Work and investment in front of him, as well as the support of the patronage of His Royal Highness, Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Region, and praised the vital role in support of His Excellency the Minister of Commerce, Dr. Majid Al-Qasabi also thanked all government agencies and departments and others, which had outstanding contributions and clear fingerprints in many projects launched by the Chamber during the past year.
(Nurseries and eco-tourism) investment opportunities offered by the National Center for Vegetation Cover Development and Combating Desertification in Eastern
02/03/2023
(Nurseries and eco-tourism) investment opportunities offered by the National Center for Vegetation Cover Development and Combating Desertification in Eastern
On Wednesday, March 1, 2023, the Asharqia Chamber, represented by the Environment Committee, organized an open meeting with the CEO of the National Center for Vegetation Development and Combating Desertification, Dr. Khaled bin Abdullah Al-Abdul-Qader, in which he reviewed the center’s role as a supporter and enabler for the development of vegetation within the environmental system in the Kingdom, at the chamber’s headquarters.
The meeting, which was moderated by the head of the committee, Talal bin Sultan Al-Rasheed, presented several investment opportunities that the center is working to develop and present to local and international investors, including wild plant nurseries and afforestation projects, which aim to bridge the large gap in Saudi Arabia’s green needs, in addition to several investment opportunities and ideas in the sector. Sustainable tourism, the most important of which is the establishment of eco-hotels, tourist camps, environmental and therapeutic tourism projects, and activities related to nature, in addition to the project of establishing and operating caravan parking lots and operating and managing national parks.
The meeting also listened to a presentation that includes opportunities to support and develop projects for natural events and adventures such as hiking, paragliding, and mountain biking, and opportunities to benefit from the waste of trees and harmful or invasive plants.
The meeting reviewed the facilities provided by the center to attract investors and encourage investment in vegetation lands, which include, for example, the long-term investment period, temporary investment, and marketing support, in addition to the necessary opportunities and studies for investors. His Excellency Dr. Khalid bin Abdullah Al-Abdul-Qader clarified the controls for investing in vegetation lands by preserving the vegetation cover and natural formations, adhering to the environmental regulations and their implementing regulations and related controls and requirements, not changing the natural identity of the site, not exceeding the maximum building percentage and providing security and safety tools. And make sure to obtain the necessary licenses.
On investment opportunities in the eastern region, the meeting announced 6 investment opportunities in Al-Ahsa National Park, Al-Asfar Lake National Park, and Al-Oyoun Lake National Park, which will witness qualitative development during the coming months of 2023.
A consultant confirms the vitality of the human element in achieving the general objectives of small enterprises
01/03/2023
In a lecture at the Asharqia Chamber branch in Qatif:
A consultant confirms the vitality of the human element in achieving the general objectives of small enterprises
The consultant and trainer of human resources / Salman Saleh Al-Suhail said that the availability of "the human element, with a computer system, and distinct strategy, systems, and procedures" all constitute a "road map" to achieving efficiency in performance among individuals, and then for the work party, to reach the goals, and this is considered Within the foundations of the success of the strategic planning of any facility.
This came in a lecture entitled (Human Resources in Small and Medium Enterprises) organized by the Asharqia Chamber on Monday 28 / February / 2023 at the headquarters of its branch in Qatif Governorate, as he explained that human resources have major tasks, represented in (human resource planning, job analysis and design, and career path development). , job evaluation / setting wages and incentives, training and development, performance evaluation, employee relations, and social care”, in addition to new tasks such as qualifying leaders, managing change, and so on,
He touched on the fact that human resources management falls within (strategic planning), which is the process through which the human, financial, technical, equipment, etc. resources of the employer are coordinated with the opportunities available to them, in the long term, and it is considered one of the most essential elements for the success of management in Any organization or institution, indicating that the strategic plan is a long-term development plan in which the idea of building the institution is defined, the goals it seeks to achieve, and the time programs for achieving these strategic goals, which are the goals and results to be achieved within a period, and are compatible with the mission of the business entity, and are measurable and achievable.
He believes that the success factors of the strategy are the clear and applied values and culture of the employer, such as credibility, openness, fairness, comprehensive and clear systems, policies, and procedures, as well as the availability of effective management that achieves the participation of employees in decision-making, enabling employees to work freely, improving the work environment, and improving the work environment of communication.
The lecturer reviewed several competencies that are required to be available ineffective management, the first of which is: (initiative and leadership), which means the ability to understand the nature and style of leadership to facilitate directing and leading initiatives and contributing to their submission as well as managing procedures and practices within the institution related to human resources. The second (is knowledge of the nature of work), which means understanding the nature of business within the workplace and the ability to apply that understanding to contribute to the requirements of the organization's operational plan based on general strategic planning.
The third competence, is having (professional ethics) and adhering to the principles and values of the main employer, applying them and adhering to them in all work practices and various relationships. humanity on the other hand. The fifth competence (communications) and what it means is the exchange of information with all those who have a direct or indirect relationship, with the shareholders of the employer and others, and employees or non-employees from inside and outside the employer.
One of the competencies emphasized by the lecturer is the sixth (consultation) to help all employees of the employer, including other employees who have contact with the employer, and support them to improve their performance, through analyzing problems and developing plans to deal with them, solve them and follow up on their results. The seventh is (analysis and evaluation), which It means the ability to prepare data and information, prepare reports, read them accurately, analyze them, reach results, make proposals, and make decisions based on them. Finally comes the eighth competence, which is (management of global cultures), and what this requires is knowledge of the different cultures between all parties, especially the employees of the employer related to the nature of business and its appreciation, and ensuring that this is taken into account in all aspects of work.
Prices of spare parts, repair fees, and malpractices raise vehicle insurance rates
28/02/2023
In a workshop organized by the Asharqia Chamber
Prices of spare parts, repair fees, and malpractices raise vehicle insurance rates
The Asharqia Chamber, represented by the Finance Committee, held a workshop that reviewed the vehicle insurance pricing mechanism, in which the head of the technical department at Al-Saqr Cooperative Insurance Company, Dalal Al-Burhan, spoke on Monday evening, February 27, 2023, at the headquarters.
Al-Burhan said during the workshop, which was moderated by a member of the committee, Bandar Al-Suhaimi, that the pricing of the vehicle insurance policy, in both its compulsory and comprehensive types, depends on several factors, according to the instructions of the Central Bank and actuarial studies, which are considered one of the branches in which risks are determined in the field of financing and insurance, through the use of statistics. And mathematical methods in addition to developing solutions to reduce the possibility of undesirable events occurring, and reduce the negative consequences of these events when they occur, according to the study and analysis of the portfolio of each product separately.
Regarding the main reasons for raising vehicle insurance prices, Al-Burhan said that this is due to the significant increase in the prices of spare parts globally, the costs of repair wages, and the existence of some bad practices that are reflected in insurance, such as fraudulent practices, and failure to follow traffic safety controls, which caused a large number of accidents, in addition to the use of Vehicles for purposes inconsistent with the agreed insurance policy, and road infrastructure, especially areas that are a place of recurrence of accidents.
She also referred to some proposed solutions to avoid such increases, such as increasing the awareness of individuals and companies, ensuring traffic safety controls, and intensifying awareness campaigns from all concerned parties. The cash payment contained in the updated mandatory insurance policy, with the Central Bank, keen to monitor the prices of the insurance sector and classify workshops affiliated with insurance companies to be workshops organized by the Saudi Commission (SASO), in addition to stimulating the uninsured segment of society, which constitutes approximately 50% of the Kingdom, to insure Their vehicles to preserve the rights of the party affected by accidents, according to 2021 statistics.
Al-Juma'a: a festival dedicated to empowering groups with disabilities
27/02/2023
During the monthly Tuesday meeting at the Asharqia Chamber branch in Qatif
Al-Juma'a: a festival dedicated to empowering groups with disabilities
The Chairman of the Board of Directors of the Club for Disabilities in the Eastern Region, Dr. Khaled Al-Jumaia, revealed that more than 74.6 thousand people out of a total of 103 thousand people with disabilities in the Eastern Region, due to the small number of clubs concerned with this category in the region, as there is only one club that owns a specialized facility. To sponsor this category, out of 16 clubs across the Kingdom.
He said during the monthly Tuesday meeting (for the month of February) at the Asharqia Chamber branch in Al-Qatif Governorate that the Disabled Club in the Eastern Region is an educational and sports institution licensed by the Ministry of Sports and has a legal personality to contribute to the preparation of a good citizen, through activities and programs suitable for people with disabilities, as it was established In the year 1436 AH, confirming that the Club for People with Disabilities obtained the necessary approvals to allocate a land in the center of Dammam, as it is distinguished by its proximity to the main exits, whether in Qatif or Jubail and Al-Khobar, explaining that the Club for People with Disabilities is planning to establish a sports city on that land to match international cities.
He revealed the club's intention to organize a "quality" festival for people with disabilities under the slogan "Let's share them" in partnership with Qatif Governorate, in the "Awamiya" center project during the period from 14 to 18 March, with the participation of more than 20 governmental and private agencies, explaining that the festival is held at the level of the eastern region. In all its categories (sensory disability, motor disability, and mental disability), indicating that the festival embraces many educational, cultural, sports and entertainment programs and events for people with disabilities.
He explained that the activities and programs that will be held in the festival are distributed over activities, sports tournaments, an employment forum, successful experiences, awareness seminars and lectures, introducing the achievements (talented people with disabilities) and an exhibition of artistic drawings and handicrafts, provided that participation is by groups with disabilities in the eastern region. And their families, and those interested in serving people with disabilities, and authorities related to serving people with disabilities.
He pointed out that the strategic objectives of the festival revolve around empowering people with disabilities, highlighting their creativity and achievements, providing rehabilitation and medical support for people with disabilities, providing supportive agencies from government institutions and associations, achieving the best quality standards in terms of services provided, providing a voluntary program to serve this group, and providing appropriate support for people with disabilities in all fields.
He mentioned that the club, through this festival, seeks to enable the employment of energies, discover and develop talents among people with disabilities, promote the positive view of society towards people with disabilities, and develop the social, cultural and sports aspects of families and society.
The "General Transport Authority" confirms that the “cargo document” is mandatory at the beginning of next month
26/02/2023
The "General Transport Authority" confirms that the “cargo document” is mandatory at the beginning of next month
The General Transport Authority announced that the decision to provide a "cargo document" on all services in the activity of transporting goods in the Kingdom will be mandatory at the beginning of next March, and this decision includes establishments and individual carriers working in addition to freight brokers and companies guiding vehicles transporting goods, stressing that this step that is being taken Automatically through the "Naql" portal, it comes with the aim of raising the level of quality and performance in the transfer process.
Munir Al-Harbi, the supervisor of the Cities Entry Project at the Public Authority for Transport, mentioned this during a workshop organized by the Asharqia Chamber represented by the Logistics Committee on Sunday (February 26, 2023), explaining that the document is evidence of the carrier’s receipt of the goods, in the condition shown in it, to be delivered to the consignee in the same condition.
During the workshop, which was moderated by a member of the Logistics Committee, Saif Al-Saif, he added that the document contains detailed data, such as data of the sender and consignee, shipment information, movable table, transportation fees, flight details and carrier data, and also includes licensees' data, as it enables them to immediately view the documents. and verify shipment information and status electronically, as the electronic linking of facilities to the “Naql” portalIt aims to monitor and control the quality of services provided, manage transport operations and raise their efficiency, and regulate the contractual relationship between the parties to the transport process. The electronic link with the transport portal and registration through the (cargo documentation) service will contribute to increasing the level of transparency of data, and ensuring dealing with licensed carriers that comply with security requirements. and safety.
He stressed that this electronic document is an important step towards regulating transport operations in the activity of transporting goods and freight brokers on land roads in the Kingdom, and it prepares the basic base for transport operations and services and keeping abreast of all changes and developments in the logistic sector.
Al-Harbi stated that the "Naql" portal is the platform through which the document can be issued, obtained, modified, closed and cancelled. Pointing out that this portal was made to raise the quality of service, enhance the security and safety of transportation operations and facilitate them, and ensure the preservation of the rights and responsibilities of all parties in the process, by achieving regularity for the driver and the vehicle, and enabling the beneficiaries to immediately view the details of the transportation process. In collaboration with the relevant authorities.
Prince of the Eastern Province sponsors the "Jobs 2023" exhibition
20/02/2023
It will be organized by the Asharqia Chamber next October
Prince of the Eastern Province sponsors the "Jobs 2023" exhibition
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsors the "Jobs 2023" exhibition, which is launched by the Asharqia Chamber represented by the Employment Center on Monday, October 23, 2023, and will continue until Thursday, October 26, 2023 on the grounds of the Dhahran International Exhibitions Company “Dhahran Expo” in Al-Rakah.
The Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, thanked His Highness, the Prince of the Eastern Region for sponsoring the exhibition, stressing that it represents a great support for this event, and is one of the catalysts for Asharqia Chamber for more initiatives in this regard, noting his constant keenness to support programs And the activities and events of the Chamber directed at the business sector and strengthening its efforts in the Emiratisation paths according to the objectives of the Kingdom’s Vision 2030 to raise Saudisation rates and reduce unemployment rates.
Al-Ruzaiza said that the exhibition aims to achieve communication between the business sector on the one hand, and providers of training and employment services and specialists in human resources management and employment on the other hand, and between these agencies and job seekers on a third side, explaining that the Asharqia Chamber will show this version of the exhibition with modern technical capabilities and diverse so that it is easy for job seekers of both sexes to search for job opportunities and register among the applicants for them, calling on companies and institutions to quickly participate and reserve their places in the exhibition, expressing his hope that the job fair will contribute to achieving the success achieved by the previous editions, which contributed to the employment of many energies National in a variety of work sites in companies and private institutions.
Al-Ruzaiza indicated that the exhibition constitutes an important platform for job seekers from among the national competencies, who are looking for job opportunities through which they highlight their energies and capabilities in various sectors. He also said that the exhibition in its 9th edition comes at a time when national competencies of both sexes continued to record successes in the field of work. This is a result of the support of the wise leadership, and the confidence that was embodied in a number of initiatives that contributed to increasing its participation in national development.
Asharqia Chamber of Measurement and Calibration to ensure the quality of industry in Jubail
19/02/2023
Asharqia Chamber of Measurement and Calibration to ensure the quality of industry in Jubail
Asharqia Chamber, represented by the Jubail Branch Business Council, organized a workshop entitled: Measurement and calibration is a guarantee of industry quality, which was hosted by the Chamber’s branch in Jubail Governorate, Wednesday, February 15, 2023.
The workshop reviewed the importance of calibration in many industrial fields as a guarantee of the correctness of measurements in the devices used in manufacturing, and the security and safety of the facility. It aims to reduce financial waste and gain the trust of beneficiaries، It is also considered a requirement for obtaining accreditation based on the international standard ISO17025.
Regarding the importance of achieving the metrological reference, the specialists participating in the workshop stressed that this procedure guarantees confidence in the measurement result by returning it to the units of the international system, and the validity of the final measurement result by specifying correction coefficients. It also ensures the correctness of the uncertainty estimate in the final measurement result, in addition to being one of the main requirements Standard 17025 of 2017 and without achieving it, any laboratory wishing to obtain international accreditation can never be accredited.
The workshop confirmed that the National Center for Measurement and Calibration is the national authority entrusted with maintaining all national measurement standards to achieve the principle of attribution and linking them to the basic international units with the International Bureau of Weights and Measures (BIPM), pointing to its most important national and international achievements, including the qualification and training of employees of the sectors laboratories to obtain accreditation International, and providing specialized technical courses in the field of measurement and calibration, looking forward to enhancing opportunities for integration and cooperation with the authorities, by discussing the mechanism for activating the measurement and calibration system, achieving the principle of metrological attribution of measurement devices and tools, integration between the authorities and benefiting from the services provided by the center, and developing and supporting the infrastructure National infrastructure for quality in the industrial sector.
The supervisor of the strength laboratory at the National Center for Measurement and Calibration, Abdullah bin Abdulrahman bin Aoun, and the supervisor of the hardness laboratory at the center, Muhammad bin Abdullah Al Aidan, spoke in the workshop. The workshop was also managed by the head of the Jubail Business Council, Saad bin Muhammad Al-Buainain.
A specialist who monitors the pros of acquisition and merger of small enterprises
15/02/2023
In a lecture in the Asharqia Chamber
A specialist who monitors the pros of acquisition and merger of small enterprises
Business developer Dr. Murad Mansour explained that the options of "merger" and "acquisition" had become one of the best solutions to meet the challenges of globalization and competition and stay in the market.
This came in a lecture organized by the Asharqia Chamber Incubator for Entrepreneurship "Tuesday, February 14, 2023, under the title "Merger and Acquisition in Small and Medium Enterprises", as the lecturer mentioned that the merger is a union between two or more companies to form a new company that has an independent legal personality, and acquisition is financial control management of one company over the activity of another company,
He explained that the merger - according to this definition - is a strategic choice for small and medium enterprises towards conglomeration and alliance to create a new and giant entity that can achieve goals that each company cannot achieve on its own, while the acquisition - according to the minutes - is often carried out by giant companies with heads. The big money uses advanced technology in its business and does so to achieve its goals of entering new markets, controlling a specific product, or controlling markets by acquiring smaller companies, especially those operating in the same field.
He pointed out that mergers and acquisitions have witnessed significant growth in all parts of the world during the last two decades. Pointing out that in 2015, the value of the assets of the companies that conducted mergers and acquisitions amounted to more than 4 trillion dollars at the global level.
A job interview at Asharqia Chamber presents nearly 500 job opportunities in the private health sector
15/02/2023
A job interview at Asharqia Chamber presents nearly 500 job opportunities in the private health sector
On Tuesday, February 14, 2023, the Asharqia Chamber, represented by the Employment Center, organized a career meeting for the private health sector, which offered job opportunities in various specialties, as it witnessed a remarkable presence of male and female job seekers.
The meeting was attended by the Director General of the Directorate General of Health Affairs in the Eastern, Dr. Ibrahim Al-Arifi, the Director General of the Ministry of Human Resources and Social Development branch in the region, Abdul Rahman Al-Muqbel, the Director-General of the Human Resources Development Fund "Hadaf" in the region, Abdulaziz Al-Youssef, and the Chairman of the Health Committee in the Chamber, Saud Al-Thumairy. 700 job seekers, male and female, applied to compete for nearly 500 job opportunities in medical, administrative, engineering, and technical specialties in the private health sector.
The meeting witnessed the participation of 17 private medical facilities working in the health sector, wishing to attract qualified national manpower, and reviewing various jobs in many specialties allocated to national cadres.
The meeting comes within the efforts of the Asharqia Chamber and its keenness to support the option of localization in the private sector and to raise the rates of localization in private institutions in the Eastern Region, by providing institutions with the required human cadres, to cover job vacancies in these facilities and to support areas of development, within the requirements of the Kingdom's Vision 2030.
"Human Resources and Social Development" reviews its services to the business sector in Qatif
15/02/2023
"Human Resources and Social Development" reviews its services to the business sector in Qatif
Mutlaq bin Dahem Al-Qahtani, Director of the Office of the Ministry of Human Resources and Social Development in Jubail Governorate, explained that the ministry’s services directed to the business sector are numerous and varied, and can be obtained automatically, or through the ministry’s offices spread across the cities and governorates of the Kingdom, stressing the ministry’s keenness to ensure that these services meet the aspirations of the private sector, and to be as fast and accurate as required by the sector.
This came during the (introductory meeting with human resource services and social development for the business sector), which was held at the headquarters of the Asharqia Chamber branch in Qatif Governorate, Tuesday, February 14, 2023. It was moderated by a member of the Business Council of the Chamber’s branch in Qatif, Alaa Al-Dubaisi, in the presence of the Chairman of the Council, Abdul Raouf Al-Matrod.
Al-Qahtani talked about 53 services provided by the Ministry in an automated manner, in record fast times, the most important of which is the renewal of work permits, the issuance of work permits for the final exit, as well as certificates of Saudization and harmonization, documents for self-employment, and the announcement of work jobs and the establishment of their contracts via the (remote work platform). Settlement of the first violation in exchange for commitment, certificate of commitment to wage protection, notices of temporary work services, inquiries about an expatriate employee, objection to inspection violations, settlement in exchange for a settlement, electronic documentation, and changing the commercial activity of the establishment, In addition, Al-Qahtani reviewed several services provided by the Ministry of Human Resources through the labor offices. The services provided by the Ministry of Human Resources through the offices affiliated with the Ministry in cities and governorates, including: “customer service” such as adding an account manager. , or modifying professions, or placing the establishment under the procedure, and “labor relations” service such as issuing final exit permits, receiving escape reports, transferring worker services, and other services such as "monitoring and developing the work environment services, and friendly settlements, and services provided by the supervision, protection, and support unit, which relates to what is reported by any office of the embassies or the Human Rights Commission in cases that require the intervention of the ministry (or its office), And the services of the Domestic Labor Committee. Al-Qahtani reviewed several platforms through which all services are obtained, including the Qawia platform, the Friendly platform, and the Musaned platform.
A specialist who emphasizes the need for creativity and innovation in the fields of marketing and customer service
14/02/2023
Through a workshop organized by the Asharqia Chamber:
A specialist who emphasizes the need for creativity and innovation in the fields of marketing and customer service
On Monday evening (February 13, 2023), the Asharqia Chamber, represented by the Women's Empowerment Center, held a workshop entitled "Project Development between Science and Art", presented by the CEO of the Excellence Group for Advertising, Muhammad Kahl.
The workshop, which was held at the headquarters of the Asharqia Chamber branch in Qatif Governorate, dealt with several axes, most notably "development of the work environment, branding, marketing, and customer service." The lecturer stressed the need for creativity and innovation in these important axes, on which the success of profit-oriented enterprises depends.
Under the brand axis, he pointed out that many institutions have become registered "trademarks", by their expertise and experience in adhering to the quality requirements of goods and services, and that many institutions that represent international brands have been the best support for them in their markets, It is - according to the records - a technical issue that has many means, and an issue subject to development, and the establishments should develop their trademark bid.
The lecturer pointed out that one of the most prominent issues in which science and art overlap is "marketing", as it is a fertile field for creativity and innovation of means that contribute to reaching clients and customers. As there are traditional methods known, these means are subject to development, increase, rationing, and the like, but there is scope for creating other means to enhance the marketing content of the establishments.
In the same way, the issue of "customer service" comes. The lecturer emphasized that creativity in customer service is one of the important issues in increasing sales, thus increasing the income level of companies.
Asharqia Chamber organizes a workshop that reviews the services of the Qiwa platform
13/02/2023
Asharqia Chamber organizes a workshop that reviews the services of the Qiwa platform
On Sunday, February 12, 2023, the Asharqia Chamber, represented by the Qatif Business Council, organized a workshop that reviewed the services of the Qiwa platform and the most prominent labor market updates.
The workshop defined the Qawia platform as the main digital platform for all the services of the Ministry of Human Resources and Social Development for the labor sector and the unified interface to organize and follow up all transactions between the various parties to the system, including employees and establishments in the private sector, in an automated and immediate manner, as the platform launches the labor market to horizons that cover the enterprise’s journey from establishment, growth, and expansion. And stepping with the employee from the first job until retirement, in support of all the services and tools that add value to this journey.
The workshop, which was held remotely and was moderated by the Vice-Chairman of the Business Council in Qatif, Tofool bint Faisal Al-Habib, explained the stages of registration in the platform and the electronic services provided to the business sector and how to benefit from them.
Regarding the most prominent electronic services, the workshop reviewed the service of documenting and managing employment contracts, given that Qawa is the approved platform for documenting employment contracts. How to create and document an employment contract, the stages that the contract goes through between the establishment and the employee, and several other services such as changing and amending the worker’s profession and issuing and renewing a license Work and electronic advisor that enables establishments to monitor their compliance with labor systems in an easy and simplified manner and some other services.
The workshop also answered the most important inquiries received from the honorable attendees, how to communicate with the platform and receive support from the representatives of the platform.
Dr. Al-Saqqaf: Expanding the fields of scientific research to develop the diversity of the local economy
09/02/2023
Asharqia Chamber hosts the President of "King Fahd University" in a meeting on Tuesday
Dr. Al-Saqqaf: Expanding the fields of scientific research to develop the diversity of the local economy
The President of King Fahd University of Petroleum and Minerals, Dr. Muhammad bin Mohsen Al-Saqqaf, confirmed that the university interacts with various external parties to support scientific research and makes it a priority to serve the economic sector in the Kingdom.
Dr. Al-Saqqaf said during Tuesday's monthly meeting for the business sector organized by Asharqia Chamber on Tuesday evening, February 7, 2023, in the presence of the Chamber's president, Badr bin Suleiman Al-Ruzaiza, and a remarkable number of the business sector, academics, and interested parties that the university has taken important steps to expand the fields of practical research and motivate its pioneers through restructuring departments and departments. To achieve interaction and mixing between related fields, to develop and diversify the local economy.
Al-Saqqaf indicated during the meeting, which was moderated by the Secretary General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, that the community of businessmen and women in the eastern region always interacts with the university's initiatives and is keen to support its initiatives, especially in what contributes to the advancement of the local community, the development of the working mechanism in the national economy, and the promotion of innovation and human capacity development.
The university was keen to develop its partnerships with major research institutions and universities, and it is currently working on developing practical research to contribute to the diversification of the national economy and to place the Kingdom in the ranks of developed countries, based on its vision that emphasizes the qualification of the best human cadres among its graduates to be the best choice in the labor market. Focusing on applied research in the field of natural development and exploiting it, with an interest in research that addresses qualitative development issues, developing academic programs, continuing to adhere to distinguished academic programs for undergraduate studies, developing postgraduate programs in the latest disciplines, and developing various means that help students learn and acquire knowledge to raise their level of educational attainment.
Dr. Al-Saqqaf stated that the university is currently keen to implement many plans and programs and is looking forward to a greater partnership with the business sector in the eastern region, stressing the university's support for everything that would serve the economic sector in the region.
Asharqia Chamber launches the sixth edition of the Productive Families Exhibition, "My Craft 2023 AD
08/02/2023
Under the auspices of the Prince of the Eastern Province next May
Asharqia Chamber launches the sixth edition of the Productive Families Exhibition, "My Craft 2023 AD
Asharqia Chamber launches its sixth edition of the activities of the exhibition of productive families, crafts, and handicrafts «My Crafts 2023», from May 23 to 27, 2023 AD, under the auspices of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, in the exhibition grounds of the "Dhahran Expo" road Dammam - coastal news.
The Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Ruzaizah, said that this new edition of the "My Industry" exhibition comes as an extension of the great success achieved by the exhibition during the previous editions since its inception in 2015 AD, and as a continuation of the importance the Chamber attaches to productive families, crafts and handicrafts throughout the region. Being one of the actual platforms for practicing self-employment, and capable of contributing effectively to the development of the national economy, revitalizing the production and marketing process, and providing job opportunities.
Al-Ruzaiza appreciated the sponsorship of His Highness the Prince of the Eastern Region for the exhibition and the great support that productive families find from His Highness and his keenness to sponsor and support them to improve their role in all the governorates of the region.
He stressed that the projects of the exhibition of productive families, crafts, and handicrafts are a first step to engaging in self-employment paths, pointing to their role in achieving a balanced development, the job opportunities that these projects can provide, and the promotion of the concept of sustainability.
The Chairman of the Asharqia Chamber stated that the chamber is continuing its efforts to make productive families and owners of crafts and businesses active figures in the economic movement in the region, adding that the exhibition will open its doors to register abundant families and craftsmen wishing to participate and display their products within its platforms during the next few days, pointing out that the Chamber's Social Responsibility Center will work Several introductory meetings and preparatory programs were held in preparation for the exhibition.
Al-Ruzaiza pointed out that the Chamber always provides support and advice to this sector through its channels entrusted to raise the level of productive families and craftsmen, support the expansion of its customer base and improve its products through development and modernization mechanisms in the fields of marketing, production and project management.
The usage of artificial intelligence in the program of white land fees in the metropolis of Dammam
05/02/2023
During a workshop organized by the Asharqia Chamber
The usage of artificial intelligence in the program of white land fees in the metropolis of Dammam
The Asharqia Chamber, represented by the Real Estate and Urban Development Committee, organized a workshop on Tuesday (January 31, 2023), "Dammam metropolis between the application of the first and second phases of white land fees", during which the head of the white land fee program / Ahmed bin Badr Al-Askar spoke, and it was moderated by the head of the Real Estate Committee And urban development Rashid bin Abdul Rahman Al-Qadi, where the program previously announced the application of the second phase of fees on white lands in Dammam metropolis, compatible with its application to other regions of the Kingdom.
He stated that the program is now relying on artificial intelligence technology in analysis, exploration, and inventory of the targeted space lands of the program, to increase the speed of exploration as well as raise the level of quality and application in inventory, and the results have been confirmed, and the matching between manual and automated inventory exceeds the percentage 99%.
He stated that imposing fees on white lands contributes to increasing the supply of developed lands to achieve a balance between supply and demand, provide residential lands at reasonable prices, protect fair competition, and combat monopolistic practices. He explained that the total land area on which fees have been imposed has exceeded 550 million square meters.
He reviewed the mechanism of imposing fees, which includes vacant lands, where - after submitting data and documents - the land is evaluated and the amount of the fee is determined, then the decision is issued and the owner is notified, noting that the annual fee amounts to 2.5% of the value of the land.
He pointed out that the system has been applied in stages, the first stage was on undeveloped lands with an area of 10,000 square meters, located within the scope determined by the Ministry of Municipality and Housing, then the second stage, which includes developed lands of the aforementioned area or the total lands of one owner in one plan and was within The scope specified by the Ministry. The third phase includes developed lands of 5,000 square meters within the range specified by the Ministry, as well as lands belonging to one owner with an area of 10,000 square meters in one city.
He mentioned that important results had been achieved from the implementation of the program in several regions, including Riyadh, Makkah Al-Mukarramah, Jeddah, and the metropolis of Dammam. More than 2.2 billion riyals of fee revenues have been spent on developing infrastructure and delivering services to more than 85 housing projects in the areas above.
He concluded by saying that there are basic criteria for imposing fees on white lands that take into account the total demand for housing, and the average property price.
Qatif has all the ingredients and a fertile environment for investment
31/01/2023
Qatif has all the ingredients and a fertile environment for investment
He confirms: Qatif has all the ingredients and a fertile environment for investment
The Eastern Province Chamber branch in Qatif Governorate hosted the Governor of Qatif, Ibrahim bin Muhammad Al-Khorayef, on Monday, January 30, 2023, in the presence of the Chairman of the Qatif Business Council, Abdul Raouf bin Abdullah Al-Matrod, Vice-President Tafool Al Habib, and the Director of the Branch Business Councils Department in the Asharqia Chamber, Hassan Al-Hazaa and several men Works in the province, and during that, he reviewed the most important achievements and aspirations of the council.
At the beginning of the meeting, the expelled Chairman of the Qatif Business Council delivered a speech in which he welcomed the governor and the attendees, stressing the importance of such visits that contribute to raising the level of joint coordination and contributing to the economic, tourism and investment development in the Qatif Governorate and strengthening the role of the Chamber and its participation in achieving the goals of the Kingdom's Vision 2030, pointing out the role The governor provides continuous support at all levels to achieve goals, visions, and aspirations.
Al-Khorayef stressed in his speech that the governorate is a fertile environment for investment, and is on the verge of a quantum leap at the level of the Kingdom, and huge changes at all economic, cultural, tourism, and other levels, especially after the developmental orientation of the governorate by His Royal Highness, the Crown Prince, After the announcement of the establishment of the Tarut and Dareen Island Development Corporation, and the constant interest of His Highness the Emir of the Eastern Province and His Highness his deputy - may God protect them - which puts everyone before a great responsibility, especially the Qatif Business Council and all businessmen, and places it upon them to make more efforts to catch up with this rapid leap through Benefit from all the resources and advantages of the province.
During the meeting, Al-Khorayef was briefed on a visual presentation on the most prominent aspirations of the Business Council to contribute to the development of the economic sectors in the governorate, the council's achievements during 2022, the council's plans and activities during 2023, and the most prominent challenges facing the business sector in the governorate.
In an open dialogue with businessmen, the governor appreciated the efforts made by the Business Council, stressing the governorate's support for the business sector and its full readiness to overcome the challenges facing investors. And the necessity of joint coordination between all parties and sectors, and measuring the extent of the impact and outputs of the goals and aspirations, according to indicators that can be referred to in improving performance according to a clear scientific approach.
At the end of the meeting, the expelled head of the Qatif Business Council thanked the governor for this visit, his directives, his diligent follow-up, and his constant keenness to overcome difficulties and work on everything that contributes to the development of the investment and tourism movement in Qatif.
Working on 3 main objectives to support the localization of professions and activities in partnership with the private sector
30/01/2023
General Manager of "HADAF" speaking in the "Asharqia Chamber"
Working on 3 main objectives to support the localization of professions and activities in partnership with the private sector
The Director General of the Human Resources Development Fund (Hadaf), Turki bin Abdullah Al-Jawini, confirmed on Monday, January 30, 2023, in an open meeting with businessmen and women in the Asharqia Chamber, moderated by the Chairman of the Board of Directors of the Chamber, Badr bin Suleiman Al-Ruzaiza, that the fund focuses on achieving 3 main goals represented in focus on supporting human capital development; improving the degree of matching between supply and demand; enabling sustainability in the private sector; With a focus also on working alongside the most promising sectors in the labor market.
During the meeting, the Director General discussed ways of continuing to enhance cooperation between the fund and private sector establishments and work to strengthen the partnership between them.
Turki bin Abdullah Al-Jaweini presented to the audience the Fund's initiatives and programs aimed at establishments to support Emiratisation, stressing at the same time the need for integration and raising the level of partnership with the private sector to support Emiratisation programs and initiatives.
He pointed out that "Hadaf" has worked to reformulate several programs and empowerment and support initiatives, to continue developing the skills and capabilities of the country’s people and to attract them to quality training programs that enable them to assume leadership positions in the private sector, to enhance Emiratisation and continuity of performance.
And the Director General indicated that the fund contributed to supporting the employment of about 400,000 young men and women in 2022 AD; Referring to the real partnership with the private sector; The establishments benefiting from the fund's programs reached about 140 establishments.
For his part, Al-Ruzaiza said that human capital is one of the most important pillars of maintaining economic growth, as it is the most important element in work and production, as the productivity of countries increases and rises whenever qualified human elements take over them can deal with future needs, which gives countries the ability to compete effectively in International Economy.
Al-Ruzaiza pointed out that the state, may God preserve it, has paid great attention along its development paths to the national labor force, and has striven to motivate and develop it, empower it with future skills, and raise its production efficiency in various fields to be up to the responsibility. It created mechanisms and programs, launched initiatives, and established institutions of all kinds. To provide qualified Saudi cadres who can keep pace with development needs.
He stated that what the Human Resources Development Fund is doing in terms of preparing Saudi youth and preparing them to assume their duties in the development process, and encouraging and assisting the private sector to employ national cadres and benefit from their services and capabilities, contributed to overcoming the challenges of localization and developing skills to enter the labor market efficiently and competently.
Asharqia Chamber organizes the introductory meeting for the financing agencies in Jubail
30/01/2023
Asharqia Chamber organizes the introductory meeting for the financing agencies in Jubail
Asharqia Chamber, represented by the Women's Empowerment Center in its branch in Jubail Governorate, organized on Tuesday evening, January 24, 2023, the introductory meeting for the financing agencies, in which the director of the National Entrepreneurship Institute branch, Suleiman Al-Zaidi, and the head of the enterprise financing unit for the business sector at the Social Development Bank, Nasser Al-Mutairi, spoke.
Al-Zaidi said that the Riyada Institute is a national, non-profit center that specializes in assisting those wishing to practice self-employment and owners of small and emerging projects of both sexes through training and qualification, providing consultations and guidance, incubating projects, helping to obtain financing and facilitating government procedures by a group of national specialists in the field of entrepreneurship. By adopting the latest methods and technologies.
Al-Zaidi indicated that the institute seeks to provide several services, namely: spreading the culture of self-employment, training, and qualification, facilitating access to financing, providing specialized consultations, facilitating obtaining the necessary licenses for opening projects, guidance and guidance services, in addition to sponsorship that extends for three years from the opening of the project.
For this part, Al-Mutairi explained during the meeting, which was attended by the Chairman of the Business Council of the Asharqia Chamber branch in Jubail, Saad Al-Buainain, that the Social Development Bank provides financing products for individuals and establishments in various forms, and supports new emerging establishments with financing amounting to 4 million riyals for entrepreneurs in the excellence product or institutions aiming to obtain Commercial concession. The bank supports and finances existing facilities, up to ten million riyals, depending on the product and the existing project.
He pointed out that the bank is the prominent financier in supporting and financing small and emerging projects, as it aims to empower young men and women who have a desire and ambition to practice self-employment and pave the way to success towards self-independence by owning their projects.
Asharqia Chamber organizes the introductory meeting for the financing agencies in Jubail
Asharqia Chamber organizes the introductory meeting for the financing agencies in Jubail
Asharqia Chamber, represented by the Women's Empowerment Center in its branch in Jubail Governorate, organized on Tuesday evening, January 24, 2023, the introductory meeting for the financing agencies, in which the director of the National Entrepreneurship Institute branch, Sulaiman Al-Zaidi, and the head of the enterprise financing unit for the business sector at the Social Development Bank, Nasser Al-Mutairi, spoke.
Al-Zaidi said that the Riyada Institute is a national, non-profit center that specializes in assisting those wishing to practice self-employment and owners of small and emerging projects of both sexes through training and qualification, providing consultations and guidance, incubating projects, helping to obtain financing and facilitating government procedures by a group of national specialists in the field of entrepreneurship. By adopting the latest methods and technologies.
Al-Zaidi indicated that the institute seeks to provide several services, namely: spreading the culture of self-employment, training, and qualification, facilitating access to financing, providing specialized consultations, facilitating obtaining the necessary licenses for opening projects, guidance and guidance services, in addition to sponsorship that extends for three years from the opening of the project.
For his part, Al-Mutairi explained during the meeting, which was attended by the Chairman of the Business Council of the Asharqia Chamber branch in Jubail, Saad Al-Buainain, that the Social Development Bank provides financing products for individuals and establishments in various forms, and supports new emerging establishments with financing amounting to 4 million riyals for entrepreneurs in the excellence product or institutions aiming to obtain Commercial concession. The bank supports and finances existing facilities, up to ten million riyals, depending on the product and the existing project.
He pointed out that the bank is the leading financier in the field of supporting and financing small and emerging projects, as it aims to empower young men and women who have a desire and achieve an ambition to practice self-employment and pave the way to success towards self-independence by owning their projects.
The Public Transport Authority confirms the developments of the trucking sector in the eastern region
26/01/2023
In a workshop in the Asharqia Chamber
The Public Transport Authority confirms the developments of the trucking sector in the eastern region
On Thursday (26 / January / 2023), the Asharqia Chamber, represented by the Logistics Committee, held a workshop entitled (Transportation of Goods by Trucks), in which representatives of the General Authority for Transport participated. They dealt with several topics about the cargo transport sector and the challenges that the industry faces at this stage.
During the workshop, which was moderated by the Chairman of the Logistics Committee in the Asharqia Chamber, Rakan bin Abdul Rahman Al-Ottishan, the most prominent developments in the sector in the eastern region were reviewed, as the total number of active vehicles exceeded 46.5 thousand trucks, and drivers cards issued by more than 37.4 thousand cards, as a natural result of the increase in the number of licenses issued during the three The current years, which currently amounted to about 1326 licenses, while in 2022 about 486 licenses were issued, 264 permits in 2021, and 165 licenses in 2020, according to the Director General of the Public Authority for Transportation branch in the eastern region / Eng. Majid bin Muhammad Al-Dowayan.
Al-Dowayan added that the eastern region is one of the regions in the Kingdom most committed to the authority’s regulations, and the least in terms of violations that the administration seeks to reduce to the lowest degree, including carrying goods in an unsafe manner, lack of a transport document for the goods, operating a vehicle without an operating card, and non-conformity of protection barriers. front, rear, or side of the truck to the specifications required by the competent authorities, and to hire a driver without obtaining a driver’s card .. stressing that overcoming these violations has become very easy and that we are witnessing a great response from Saudi investors in this regard, and we will reach the automation of the rest of the procedures In this aspect to facilitate it for the beneficiaries and develop the investment environment in this vital activity.
During the workshop, a "transportation portal" was introduced, which includes more than 200 electronic services, including the "cargo documentation" service. Al-Duwain explained that the transport document is a document issued under the transport contract and is considered proof of the carrier's receipt of the goods subject to the transport in the condition described in it for delivery to the sender.
He stated that the requirements for obtaining the transport document begin with registration in the transport portal, which grants this document after verifying some requirements, and through which the rights and responsibilities of the parties to the transport process are guaranteed, and quality is raised and security and safety are enhanced, by ensuring the regularity of drivers and vehicles.
The workshop witnessed detailed discussions about the reality and future of trucking in the Eastern Province.
Asharqia Chamber receives the King Abdul Aziz Award for Quality
22/01/2023
For adopting the criteria of the National Model of ExcellenceAsharqia Chamber receives the King Abdul Aziz Award for Quality
Asharqia Chamber won the Institutional Excellence Award in the category of medium establishments within the sixth session of the King Abdul Aziz Award for Quality, for adopting the standards of the national model of excellence by applying the foundations and techniques of quality.
The chamber's attainment of this level of the award came in return for its commitment to quality specifications and standards of institutional excellence and the provision of continuous improvement practices for its internal operations and its achievement of beneficiaries' satisfaction in line with the national index of institutional excellence.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiz, said that the Chamber's obtaining this merit reflects the extent of commitment to the standards of excellence in performance to achieve the satisfaction of the beneficiaries of the Chamber's services, and pointed out that the award, with its many criteria, has become an indicator for measuring performance and a catalyst for competitiveness between institutions in The Kingdom has different activities, and a well-established path to promote a culture of quality and institutional excellence and raise the level of quality, whether in products or services.
Al-Ruzaiza state that the Chamber's institutional excellence to the great support and care that the Chamber receives from His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, and His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Region, who are always keen to follow up on the work of The Chamber and standing next to it to be a distinguished platform in providing its services, and also refer it to the Chamber’s executive body, which is rooted in the principles of continuous improvement and is keen to reach the Chamber to the best practices of institutional excellence.
Al-Ruzaiza stressed that the award at all levels stimulates the continuity of development and improvement in the provision of services and that the Chamber proceeds in its vision and mission from values related to the standards of continuous improvement of performance.
For his part, the Secretary General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, expressed his happiness with this achievement, stressing that the chamber's access to the bronze level in the King Abdulaziz Award for Institutional Excellence comes as an embodiment of the well-established culture within the chamber of the need to achieve excellence and the continuous pursuit to reach the best performance in The provision of services,
He said that the award is the national framework for institutional excellence standards and raising the level of f performance, and the main catalyst for advancing excellence in all institutions and entities in the Kingdom.
A workshop reviewing the services of the Saudi Export-Import Bank at the Asharqia Chamber branch in Jubail
22/01/2023
A workshop reviewing the services of the Saudi Export-Import Bank at the Asharqia Chamber branch in Jubail
Asharqia Chamber, represented by the Business Council in the Jubail branch, in cooperation with the Saudi Export-Import Bank, held today, Thursday, January 19, 2023, in its branch in Jubail, an introductory workshop on the bank’s financing and insurance services and products that it provides to exporters and importers of national non-oil products, in addition to the role of banks in providing support to Saudi companies to help them expand and enter in global markets.
The representative of the bank explained that the role of the Saudi Export-Import Bank contributes to enhancing the non-oil economic growth rate of the Kingdom through financing services and export credit insurance that the bank provides for exporting national products to all parts of the world, by providing credit solutions to exporters and their customers in foreign markets, stimulating financial institutions and strengthening Its credit capabilities, which in turn will work to provide the liquidity required to carry out export operations in its various stages, reduce the risks of non-payment associated with it, enable services and goods of Saudi origin to reach new markets and export destinations, and enhance the competitiveness and attractiveness of goods and services of Saudi origin in regional and global markets.
The representative of the bank also indicated that the Saudi Export-Import Bank offers several products to its beneficiaries: direct financing, which aims to support export and import operations and build export capabilities, as well as indirect financing through financing lines provided to local and international financial institutions, and finally export credit insurance services as a customized product to cover the risks of non-payment operations associated with the export operations of national companies and factories.
The Saudi Business Center at the Ministry of Education will provide business services to investors
31/12/2022
The Private education during a meeting organized by the Asharqia Chamber yesterday:
The Saudi Business Center at the Ministry of Education will provide business services to investors
The Director of the Private Education Office in the Ministry of Education branch in the Eastern Region, Awad bin Muhammad Al-Maliki, praised the incredible support that private education receives from the wise government represented by the Ministry of Education, citing the step of His Excellency the Minister of Education Youssef bin Abdullah Al-Bunyan to launch the Saudi Business Center in the Ministry of Education, which will provide business services For investors in the private education sector.
This came during the educational meeting for owners of private, international, and foreign schools, which was organized by the Asharqia Chamber represented by the Training and Education Committee on Thursday 29 / December / 2022, as it touched on the reality of private education in the Eastern Region, and the role it plays in contributing and active partnership in raising the percentage of private sector participation. The educational sector is one of the developmental service sectors and is one of the objectives of the Kingdom's Vision 2030.
During the meeting, which was moderated by the Chairman of the Committee, Khaled bin Hammoud Al-Juwaira, Al-Maliki touched on the most important components of the educational entity, and the elements of its success, stability, and sustainability stressing the support and care that the wise government gives to the education sector and its keenness to raise the percentage of private sector participation in educational investment.
Al-Maliki reviewed several evaluation criteria for private and international schools, in addition to the support services that are provided to beneficiaries in the education sector. Al-Maliki also called for the importance of the participation of those concerned in the private, international and foreign education sectors in the survey presented for the draft regulation of private education in the Kingdom on a survey platform that outlines the features of the future of private education in the Kingdom.
"Social Development Bank" reviews its financing products for the private sector in Asharqia Chamber
27/12/2022
"Social Development Bank" reviews its financing products for the private sector in Asharqia Chamber
The Social Development Bank confirmed that the volume of financing in the bank’s branches in the eastern region since the bank’s inception amounted to about 17.2 billion riyals for individual products, while project financing amounted to about 971 million riyals for more than 3 thousand projects, while the bank provided about 824 million riyals for self-employment projects and productive families.
This was stated by the regional director of the bank’s branch for the eastern region, Muhammad bin Sami Al-Mousa, during the workshop organized by the Asharqia Chamber on Sunday (December 25/2022), under the title “Social Development Bank Services for the Hospitality and Entertainment Sector”, in the presence of the First Vice-Chairman of the Board of Directors, Hamad bin Muhammad Al-Buali, and it was managed by committee member Abdulaziz Al-Rabeeah, where he reviewed the achievements of the bank’s branch in the eastern region, where he indicated that the bank offers financing products to individuals and establishments in various forms, and supports new emerging establishments with financing up to 4 million riyals for entrepreneurs in the excellence product or institutions aiming to obtain Commercial concession, and the bank supports and finances existing facilities, up to ten million riyals, depending on the product and the existing project.
He pointed out that the Social Development Bank is an extension of the Saudi Savings and Credit Bank, which has been providing social and professional financing since 1971, and its services have developed to carry out the task of financing emerging and small enterprises in the year 2007, and the situation continued until the bank’s identity was launched to become the Social Development Bank since 2017. In this context, the bank finances what is termed as the "third sector", which includes charitable institutions and establishments with a social dimension, and the financing amounts to ten million riyals.
Regarding the role of the Delnee Business Center and what it offers, Al-Mousa indicated that the center is concerned with small enterprises, as the center provides training and advisory programs from which many entrepreneurs and establishments have benefited, and other programs aimed at spreading the culture of work.
The Prince of the Eastern Province honored the annual reception of the Asharqia Chamber for the business sector
25/12/2022
The Prince of the Eastern Province honored the annual reception of the Asharqia Chamber for the business sector
The honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, in the presence of His Royal Highness, his deputy, His Royal Highness Prince Ahmed bin Fahd bin Salman, on Tuesday evening, December 20, 2022, the annual reception of the Asharqia Chamber for businessmen, at the Dhahran International Exhibitions Police Exhibition Center "Dhahran Expo ".
The ceremony was witnessed by a remarkable presence of businessmen from the eastern region, government officials, and a group of interested, media professionals and academics specialized in economic affairs, who expressed their happiness at attending the annual ceremony, and indicated that the ceremony was an opportunity to meet and communicate.
The ceremony was witnessed honoring by His Highness the Prince of Eastern Province to the members of the Asharqia Chamber Board of Directors for the (eighteenth) session, as well as the honoring of the main sponsors of the ceremony.
For this part, the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, values His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, for sponsoring and honoring this year's ceremony, and indicated his interest in supporting the business sector movement in the Eastern Region to double its contributions to Economic development, stressing that the continuous patronage and honor of the annual reception reflects his keenness to communicate with the various segments of society, especially representatives of the business sector, who appreciate His Highness's support and care for them.
Al-Ruzaiza said that the ceremony was a large gathering in which businessmen of the region met with government officials in various state agencies, interested persons, and prominent academics, in addition to people with multiple types of economic expertise and experiences from the people of the region, during which everyone exchanged ideas on how to expand the participation of the private sector more effectively in the industry. The march of the national economy towards sustainable development.
Al-Ruzaiza stressed the great interest the Chamber attaches to the values of communication and interdependence and their consolidation among entrepreneurs in the business sector in the Eastern Region, based on its firm belief in the vital role that these values can play in terms of cooperation and solidarity, both in raising issues and removing challenges that may hinder the business sector.
Asharqia Chamber organizes its annual reception on Tuesday evenings under the patronage and honor of His Highness the Prince of the region
19/12/2022
It has been organizing it for 3 decades
Asharqia Chamber organizes its annual reception on Tuesday evenings under the patronage and honor of His Highness the Prince of the region
On Tuesday evening, December 20, 2022 AD, the Asharqia Chamber organizes its annual reception for businessmen and women, under the auspices and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, at the Dhahran International Exhibition Center "Dhahran Expo"
The annual reception, which has been organized by Asharqia Chamber for more than three decades, is the largest gathering of the business sector in the Eastern Province, and witnesses a large presence of the region's businessmen and women, representatives of major companies, bodies and institutions of the civil sector, Arab and foreign embassies and consulates, as well as senior representatives of government and media official institutions. From various cities and governorates of the region, to strengthen their relations and confirm their role and mission in serving the business sector community.
The ceremony is considered a vital platform for meeting and exchanging opinions, ideas and experiences on many issues of concern to the economic community, in light of the radical changes taking place in the national economy, which have strengthened the role of the private sector and increased its partnership in the process of growth and development, which is led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz. And His Highness, the Crown Prince and Prime Minister, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, in which bonds of interdependence are strengthened, communication is renewed, and ideas that enhance economic growth, which the country is witnessing in all sectors, are put forward.
The Chairman of the Asharqia Chamber, Badr bin Salman Al-Ruzaizah, says that the annual reception, which the chamber has been holding since the twelfth session, aims to deepen communication mechanisms and open spaces for dialogue and exchange of ideas between the business sector in the region and each other and between them and officials of various civil and government agencies. And it stems from the Chamber's vision and mission that the social dimension is one of the most important dimensions required for any economic work, as it is an annual forum that the Chamber used to hold in which the various segments of the economic community meet
Al-Ruzaiza appreciated the performance of the business sector in supporting the growth and development plans in the Kingdom and the region, pointing to the steady increase achieved in various investment vessels during the current year in terms of strong performance and expansion, whether at the level of production bases, increasing the number of workers from the national forces, or developing its responsibilities. towards social work.
For this part, the Secretary General of the Chamber, Abdul Rahman Abdullah Al Wabel, said that the party of the year is one of the most important activities that the Chamber used to organize, due to the many objectives it achieves, the most important of which is the deepening of ties and relations between the Chamber’s subscribers and each other, as well as between the private sector and the official sectors in the country.
He added that the ceremony has a major role in achieving interaction and communication between the Chamber and all official and unofficial bodies in the region, in addition to the positive communication it achieves on the ground between the Chamber and its subscribers who always prove their active presence in various economic events.
Al-Wabel pointed out that the annual ceremony is held at a time when the national economy is witnessing a qualitative renaissance in light of the Kingdom's Vision 2030. It is one of the most important activities organized by the Chamber, in the context of its continuous endeavor to deepen bonds and social relations between the Chamber's subscribers and representatives of government sectors, hoping that the ceremony will be Today, it is a fruitful meeting point for businessmen and women, to achieve further development and growth for the business sector in the Kingdom.
Asharqia Chamber will hold tomorrow evening, Tuesday, the annual reception for the business sector
19/12/2022
Sponsored and honored by the Prince of the region
Asharqia Chamber will hold tomorrow evening, Tuesday, the annual reception for the business sector
Under the patronage and honor of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Asharqia Chamber is organizing the "Annual Reception" ceremony, on Tuesday evening, December 20, 2022 AD, at the Dhahran Expo exhibitions.
The chamber's annual reception is the largest gathering of the business sector in the eastern region, and witnesses the presence of businessmen and women in the region, representatives of major companies, bodies and institutions of the civil sector, Arab and foreign embassies, as well as representatives of official governmental and media institutions from various cities and governorates of the region.
The Chairman of the Board of Directors of the Chamber, "Badr bin Suleiman Al-Ruzaizah", appreciated the care and interest of His Highness the Emir of the region in the annual ceremony and in all the activities and events of the Asharqia Chamber, which reflects the extent of his interest in the activities of the private sector, as it represents the promotion of the sector's march and businessmen in the service of the region and the country.
Al-Ruzaiza said that the reception, which Al-Arafa used to organize every year based on its responsibility towards the development of the economic movement in the region, aims to stimulate interaction, strengthen ties and deepen communication mechanisms between the business sector in the region and each other on the one hand, and with governmental and private agencies on the other hand. He pointed out that the ceremony is a forum in which experts and owners of successful economic and investment experiences gather and exchange visions and ideas on how to participate more effectively in the national economy.
Al-Ruzaiza added that this year's ceremony comes in light of the great benefits witnessed by the national economy within the framework of the implementation of Vision 2030 AD, which in turn placed the private sector among its main pillars in achieving its development goals. The movement of economic activity in the region refers to the events, programs, forums, and workshops that the Chamber carries out throughout the year to refine the business sector’s skills and knowledge of economic affairs, its developments, and its paths for the present and the future.
Asharqia Chamber launches the activities of the second national forum for the sustainability of family enterprises
15/12/2022
Asharqia Chamber launches the activities of the second national forum for the sustainability of family enterprises
Al-Sulaiman: Family businesses represent 63% of the number of establishments in the private sector and contribute 66% of the sector's GDP
Al-Ruzaizah: Family businesses are a significant component of the corporate law
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Region, inaugurated, on Wednesday, December 14, 2022 AD, the activities of the Second National Forum for the Sustainability of Family Enterprises, which the Asharqia Chamber organized in cooperation with the National Center for Family Enterprises, and witnessed a large presence from Family business owners, elite businessmen, local and international academics, experienced specialists and those interested in the field of the family business.
His Royal Highness, Prince of the Eastern Province, affirmed that the economic movement witnessed by the Eastern Region is part of the active movement experienced by the entire Kingdom, noting the generous support of the wise leadership for family businesses that are of great importance to the national economy and open up excellent job prospects for young people of the country.
During the forum, His Highness blessed the signing ceremony of a memorandum of understanding between the National Center for Family Enterprises and Thiqa Company. The CEO of Strategic Partnerships, Eng. Badr bin Abdullah Al-Omari represented Thiqa Company.
The main driver of the private sector
Dr. Ghassan Al-Sulaiman, Chairman of the Board of Directors of the National Center for Family Enterprises, said during his speech that the importance of family businesses in the Kingdom lies in the fact that they represent 63% of the number of establishments in the private sector and contribute 66% of the private sector's GDP and about 76% of employment. The private sector, therefore largely represents the main engine of the private sector in the Kingdom, and he pointed to the great interest that family businesses received during the era of the Custodian of the Two Holy Mosques and his faithful crown prince, where the royal directive was issued to reopen the National Center for Family Enterprises, which since its opening before Four years he achieved constructive and fruitful cooperation between him and the Ministry of Commerce and all relevant government agencies.
The transformational journey of business development
His Excellency said that we are working at the center on the sustainability of family businesses through solutions related to governance, the development of future leaders, and the empowerment of women as part of an integrated system of initiatives that drive the development of the performance of family businesses and raise their capacity for sustainability from one generation to the next.
He pointed out that the center seeks to make a transformational journey to develop its business and provide more services to the four stakeholders: family businesses, consultants, the public sector, and the community.
And he went on to say that, since the establishment of the center, there have been three goals that the center seeks to achieve. The first: is the sustainability of family businesses, the second: improving the representation of family businesses in front of decision-makers from government agencies, presenting the challenges faced by family businesses to try to come up with solutions for them, and the third: raising the contribution of family businesses. in GDP and employment.
For this part, the Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, stressed during his speech at the opening of the forum the importance of family businesses, which he considered one of the main factors driving the various economies of countries, pointing to what estimates indicate that family businesses are responsible for moving no less than 90% of the markets. This is not much different in the Kingdom, where family businesses occupy a large area and have their fingerprints and a leading role in the growth of the national economy, which made them on the list of visual targets.
And he went on to say that family enterprises were a major item within the new corporate system, which in turn provided comprehensive treatment for the challenges they face, which will be reflected in many benefits on their sustainability and referred to what the Ministry of Commerce provided them, whether the integrated guidance document that set a clear guiding vision for policies and mechanisms Ensure the smoothness and sustainability of it, or the establishment of the National Center for Family Enterprises, as it embodied an important step in strengthening the march of the family enterprise sector, achieving its goals and developing its business according to an institutional framework that supports its expansion and increases its chances of success.
National experiences in governance
In the first dialogue session, entitled (National Experiences in the Institutionalization and Governance of Family Enterprises), the participants stressed the importance of the developmental and legislative development of these institutions because of the importance they represent to the national economy and given that they occupy more than 60% of the private sector, on which the Kingdom’s vision relies. Therefore, developing the performance of these companies is part of the development of the private sector, which is one of the goals of the vision. Hence, the governance and sustainability of these companies are the governance and sustainability of the private sector, which is one of the goals of the vision.
Participants pointed out that some of the disputes that arise in family businesses may come from the succession or intersection of generations, and they may be financial disputes, but they may often be for psychological and social reasons, which come after the first generation, and may aggravate and later turn into financial disputes.
Participants called for the openness of family businesses to entrepreneurs, especially since all family businesses were pioneering companies by the founders who owned ideas and turned them into projects. which gives additional value to the company.
In this regard, they stressed the need for the governance process to be gradual, and for companies to continue, they should be transformed into financial companies, and if they are suitable and capable of being offered in the financial market, from here every company must have professional management.
New corporate system
In the second session, (entitled the New Companies Law and its Impact on the Sustainability of Family Businesses), the participants reviewed the provisions of the law and its implications for family businesses, stressing that it supports the paths of sustainability due to its comprehensiveness and its collection of all forms and types of companies, and its removal of a package of restrictions, whether at incorporation, practice or exit. And also on the names of companies and when trading, and that it came to support the regulatory environment for commercial and economic entities in the Kingdom in general, and to strengthen the legislative system for companies.
They pointed out that the law introduced an article that regulates family businesses, in terms of ownership, governance, management, work policies, employment of relatives, and distribution of profits through the conclusion of a family charter that is in the Memorandum of Association. The relationship between them or the company, including how their heirs enter the company, whether in person or through a company they establish for this purpose.
They emphasized that the new system provided an opportunity for family companies to include restrictions to the company's basic system to dispose of shares for a certain period or to require the approval of the company or shareholders before disposing of them, in addition to providing means for resolving disputes in companies by resorting to arbitration or other alternative means to settle them, and regulated a mechanism for practicing Recovering the share by one or more partners upon assignment, and allowing the company to buy it, and the procedures for that, and intentionally motivating family companies to turn into joint-stock companies by deciding that the shares should be from those who are related by kinship or lineage to achieve sustainability and sound governance.
family business challenges
In the third session, titled (Challenges of Family Businesses), the consultant at (Pwc), Amin Al-Nasser, reviewed the results of an opinion poll conducted by the company on the challenges of family businesses and showed that family businesses face several challenges, most notably: weak founding spirit when the founders are absent, and weak The competitiveness of incentive systems compared to the labor market, the overlapping of the family dimension with the investment dimension, as well as the weak degree of transparency and governance.
Nasser said that it is necessary to know the challenges facing family businesses and search for appropriate solutions for them, and about the most prominent concern among family business owners, pointing out that the survey showed about 66% of the participating family businesses agree that skills and capabilities should be evaluated, and about 53 % of them confirm that succession is the main issue, and about 44% say that professionalism is a challenge, and 72% intend to tackle this challenge over the next two years.
The survey showed that 88% of large family businesses plan for executives to improve profits and stay competitive, despite the changing economic environment, which is the number one challenge for 78% of those surveyed.
Nasser pointed out that each family needs to have a clear vision and strategic plans that go according to it to achieve success, and for everyone to be committed to that, pointing out that conflicts in families always exist, but the secret lies in managing this conflict not only for the continuation of work but for the survival of family and its solidarity.
Sources of conflicts and their management
In the last session, which was entitled (Sources of Conflicts and Their Management in Saudi Family Establishments), during which KPMG reviewed the most common mistakes that lead to disputes in commercial families, including the decision to appoint the eldest son without documenting the decisions taken, and the formal and informal integration of the owners. The undisclosed confidence that the eldest son would have complete and indisputable control, the mixing of company assets and personal assets in ownership documents, in addition to not updating the articles of association in limited liability companies, as well as hiring family members without developing a specific form for appropriate evaluation, as well as mechanisms for dividing Inheritance between heirs without the assistance of a lawyer.
The paper suggested some appropriate solutions to the challenges, including: If none of the methods succeed in resolving the conflict between family members, it is useful to look for the intervention of a third party, and the external parties can be neutral family members who are accepted by those in a state of conflict. , non-family trusted advisors, professional mediators, family business advisors, or arbitration centers.
Governance and alternative financing solutions
Asharqia Chamber and the National Center for Family Enterprises had anticipated the opening of the forum with two workshops, which witnessed a remarkable presence of specialists and interested persons. In the first workshop held entitled: Alternative Financing Solutions for Family Businesses, the founding partner of Dinar Investment Company, Dr. Omar Al-Manea, said that the financial sector development program within the Kingdom’s Vision 2030 AD revolves around its role in developing a diversified and effective financial sector, to support the development of the national economy and diversify sources of income. And stimulating savings, financing, and investment, through the development and deepening of financial sector institutions, and the development of the Saudi financial market to form an advanced financial market, in a manner that does not conflict with the strategic objectives to maintain the stability and strength of the financial sector.
Al-Manea explained that the program aims to increase the number of financial technology companies from 10 companies in 2018 AD to 230 companies in 2025 AD, as the number of financial technology companies reached 147 companies in the first half of 2022 AD.
Regarding the various means of financing, Al-Manea indicated that it is important for the financing applicant to choose the appropriate financing mechanism based on several factors, the most important of which is the company’s maturity stage with a focus on searching for refinancing, pointing to the promising role of debt markets, which is represented in the issuance of Sukuk, which is the optimal financing option. For medium and small companies, as it does not reduce the ownership shares of financing applicants, as is the case if the financing applicant tends to raise capital, and is distinguished by its ability to extinguish the Sukuk by issuing a new Sukuk without exhausting the company’s cash flows.
While the second workshop was reviewed, entitled (Governance in Family Businesses), in which a member of the Board of Directors at BDI, Bassam Asiri, the consultant Adeeb Rashid, and the managing partner at the Business Family House for Management Consulting, Dr. And legal advice, Dr. Adly Hammad, that governance should start from the owners first of all, so that their relationship is separated between them, and then the corporate governance comes, stressing the importance of separating management from ownership.
The speakers pointed out the need for the owners to have a culture of dealing with the differences that may arise at any time between the owners, pointing to the importance of identifying obstacles and challenges to achieve the continuity of the family business, stressing that governance sets principles and standards for dealing with owners and their relationship with the board of directors and employees and emphasizes the principle of justice Roles, the importance of the family charter and its role in drawing the road map for the family, and they agreed on the importance of training and developing the next generation by subjecting it to several specialized training courses, especially in issues of governance and succession, so that they can later lead the company and contribute positively and effectively to the continuity of its business.
Asharqia Chamber launches the activities of the second national forum for the sustainability of family enterprises
13/12/2022
It will be opened by His Highness the Prince of the region, and experts and specialists will participate in it
Asharqia Chamber launches the activities of the second national forum for the sustainability of family enterprises
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz Al Saud, Princ of the Eastern Region, will inaugurate, on Wednesday, December 14, 2022 AD, the activities of the Second National Forum for the Sustainability of Family Enterprises, which is organized by the Asharqia Chamber in cooperation with the National Center for Family Enterprises, and a group of experts specializing in governance will participate in it. Finance and sustainability of family businesses, they discuss through five sessions the national experiences in the institutionalization and governance of family businesses, the new corporate system, and its impact on the sustainability of family businesses, by highlighting the system and its provisions that support the sustainability of family businesses, as well as reviewing the results of an opinion poll conducted by (Pwc) About the challenges faced by family businesses, as well as their discussion of the sources of conflicts and their management in family businesses in the Kingdom.
The Chamber had preceded the opening of the forum with two workshops on alternative financing solutions and governance in family businesses, during which the speakers discussed the most prominent financing solutions for family businesses and the returns from resorting to them, whether on the spread, expansion or sustainability of the business, as well as the implications of applying governance in family businesses from organizing the process Succession of generations and employment of children of the royal family in the company.
His Excellency the Chairman of the Board of Directors of the National Center for Family Enterprises, Dr. Ghassan Al-Sulaiman, stressed the importance of the existing partnership between the Center and the Chamber, as it aims to provide services and technical assistance for the advancement of this vital sector.
His Excellency said that the family business sector needs to hold a lot of major forums, seminars, and specialized workshops constantly, which help to clarify the danger and reveal deficiencies in the management of family businesses, which often lead them to the conflict zone, which is a very dangerous area that causes the collapse of major commercial entities.
He stressed the importance of family business members, especially the new generations, undergoing continuous training that helps prepare them to lead the family legacy and continue achieving and developing gains through implementing the principles and requirements of governance, stressing the keenness of the state to continue the business of these companies and protect them from collapse to enhance the strength of and the strength of the national economy.
He also explained that the Center, in partnership with the Chamber, is trying to uncover shortcomings and ways of success for the leaders of the sector, by holding this important forum that highlights the issue of sustainability and renunciation of conflicts, in which many academics and experts in the field of governance and family businesses participate, as well as those with successful experiences so that you can rest Family business leaders extract lessons learned from these participations and develop their model for their companies, which helps them overcome the dilemma of disintegration and collapse, and develop the performance of their products.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the forum represents an extension of the chamber's efforts to support family enterprises, and sends a message of the importance of establishing the concept of sustainability in all its contents in family enterprises, which represent a major axis in the national economic system, and indicated that the forum discusses side His review of successful experiences in achieving sustainability, the challenges of the family business, such as managing the succession of generations and institutionalization and showing the best and most recent ways to overcome these and other challenges.
Al-Ruzaiza stressed that the state, within the framework of achieving the goals of Vision 2030 AD, is moving towards a new era of a prosperous and diversified economy by emphasizing the importance of the private sector in which family businesses represent the largest share, and the roles it can play in building access to a solid and competitive economic base, pointing to That the family business needs more ideas on overcoming its challenges and diversifying its directions for sustainability, in order for these rich businesses to achieve a tangible and sustainable participation in the national economy, stressing that this forum aims to contribute to addressing the challenges and provide scientific practices in the sustainability of the family business, and that and other things that it offers The Chamber includes programs, initiatives, and educational publications, all of which come in order to achieve its goal for family business owners to adopt governance procedures, because of the great benefits that accrue to the family business and the national economy, whether in terms of increasing its contribution to the non-oil GDP or in terms of absorbing thousands of forces national work.
Asharqia Chamber anticipates the second national forum for the sustainability of family enterprises, with two workshops on financing and governance
12/12/2022
Asharqia Chamber anticipates the second national forum for the sustainability of family enterprises, with two workshops on financing and governance
Asharqia Chamber will hold, Tuesday, December 13, 2022 AD (from 6:00 to 8:30 p.m), two workshops on alternative financing solutions and governance in family companies, as part of the activities of the Second National Forum for the Sustainability of Family Enterprises, which will start tomorrow, Wednesday, under the Prince patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, in cooperation with the National Center for Family Enterprises, and a group of experts specializing in governance, financing and sustainability of family businesses will lecture.
The forum deals with several important axes related to issues of governance, institutionalization, the new corporate system and its impact on family businesses, as well as presenting to the discussion table the findings of the PwC opinion poll on the challenges of family businesses, in addition to opening a discussion on the sources of conflicts and their management in family businesses in the Kingdom.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the forum is trying to present an integrated vision of governance applications, institutionalization, and conflict management in family businesses, by focusing on several axes that are seen as topics of importance that family businesses must be aware of, pointing out that The forum, through its five sessions, sheds light on the most prominent developments and national experiences in governance practices, and discusses the new corporate law, which was issued this year, and its implications for the sustainability goals of family businesses, and opens a dialogue about everything related to family businesses and what encourages their owners to adopt governance measures. He called on business owners to attend and benefit from the existing experiences and proposals presented.
Al-Ruzaiza stressed the importance of spreading the concept of corporate governance, as it represents the parallel path to economic reform efforts, and achieving positive sustainability for the elements of the national economy, on top of which are family businesses, pointing to the importance of family businesses within the composition of the national economy, which places great burdens on them in Facing existing and proposed challenges, in light of the rapid and successive global changes.
The Prince of Eastern region sponsors the second national forum for the sustainability of family businesses
11/12/2022
Organized by Asharqia Chamber, in the presence of His Excellency the Chairman of the Board of Directors of the National Center for Family Enterprises
The Prince of Eastern region sponsors the second national forum for the sustainability of family businesses
Under the patronage of the Prince of the region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Asharqia Chamber and the National Center for Family Enterprises will launch, on December 13 and 14, the second National Forum for the Sustainability of Family Businesses, as a continuation of its role in highlighting issues of sustainability, governance, and alternative financing solutions for family businesses. And the most prominent developments in the family business at the local and international levels.
His Excellency Dr. Ghassan Al-Sulaiman, The Chairman of the National Center for Family Enterprises Board of Directors, will participate in the forum and will be attended by a group of experts specialized in governance, finance, and sustainability of family businesses.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the forum comes at a time when the government is making significant efforts to support the paths of sustainability of family businesses because this business occupies a vast space in the national economy, and its capabilities to absorb many labor forces, so it was A major item within the new corporate system, which in turn provided comprehensive treatment for the challenges it faces and is reflected in many benefits on its sustainability in the Kingdom.
Al-Ruzaiza explained that the forum will discuss, over two consecutive days, a set of topics of importance to governance and the transmission of leadership across generations, as well as alternative financing solutions for family businesses, the most prominent factors supporting business continuity and global developments regarding their conditions in light of the major changes taking place in the global economy, and others. One of the issues related to family businesses.
Al-Ruzaiza pointed out the importance of the topic of the second national forum at the local and regional levels, and that it comes as a complement to what the Chamber constantly raises about family businesses and the importance of their sustainability, noting that it is a message that the Chamber is always keen to send to family business owners and their representatives on the importance of applying the rules and procedures of governance and what follows them. To achieve sustainability, which is the first goal of the family business.
Al-Ruzaiza stressed that governance comes at the top of the most important factors for achieving sustainability in family businesses, which depends in large part on raising awareness and learning about successful family business experiences in achieving sustainability and its mechanisms and tools in achieving this goal, referring to the attention the Chamber has given in In this regard, it launched a "family" newsletter, which is a specialized publication in family businesses, as well as its launch of advisory programs in cooperation with major export houses, such as the family business consulting program, which means supporting and guiding owners and representatives of family businesses in the region with governance applications and optimal procedures to reach sustainability.
Asharqia Chamber receives a certificate for the best work environment
07/12/2022
The first Chamber of Commerce in the Kingdom to obtain this certificate
Asharqia Chamber receives a certificate for the best work environment
Asharqia Chamber won a certificate for the best work environment from the Great Place to Work organization, which is a leading global organization in the field of research and consulting, bypassing all the standards set by the organization, as the first chamber of commerce in the Kingdom to obtain this certificate.
The chamber obtained the certificate as a result of the ideal work environment it provides, which has adopted mechanisms for continuous development and the application of various paths of an appropriate environment for its human elements from a psychological and social point of view.
Commenting on the certificate, the head of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that granting the chamber a certificate for the best work environment came as a result of the successful and growing performance achieved by the chamber in its service outputs for the business sector, which represents a natural reflection of the internal work environment and the motivating factors it provides for The innovation and creativity of its employees, as well as an embodiment of its continuous and continuous keenness on excellence and leadership, not only at the local level but also at the regional and international levels, to reach the highest levels of performance.
Al-Ruzaiza stressed that providing an ideal work environment in Asharqia Chamber is one of the strategic goals that the Chamber places on its list of priorities due to its full belief that excellence and leadership in providing services to subscribers and the entire business sector can only be achieved by providing a work environment that encourages production and creativity.
For his part, the Secretary General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, expressed his happiness with this achievement, which he attributed to the institutional work environment that the room follows and to the efforts, sincerity, and loyalty of the employees, as well as their frank opinion and constructive suggestions, which also reflect the level of the work environment in the room. , stressing that this certificate is nothing but a living embodiment of what characterizes the work environment of the Asharqia Chamber.
The Chamber's endeavors to obtain the certificate - according to Al-Wabel - come within the continuous development steps that the Chamber follows to improve and develop its internal work environment, which brings many benefits to employees on all professional and moral levels, pointing out that this certificate came in conjunction with the renewal of the Asharqia Chamber for several Certificates of quality in performance at various levels.
It is mentioned that obtaining this certificate is based on a set of approved criteria, to which some other data are added, prepared by the consulting company and taking into account the opinion of the employees of the concerned authority, The participation of the Chamber's employees came at a rate of 97% of its total employees, who expressed their opinion about their establishment in all impartiality and freedom.
SAR offers investment opportunities in the railway transport sector in the Asharqia Chamber
06/12/2022
SAR offers investment opportunities in the railway transport sector in the Asharqia Chamber
The CEO of Saudi Railways (SAR), Dr. Bashar bin Khalid Al-Malik, during his meeting on Tuesday, December 6, 2022, reviewed businessmen and specialists in logistics business available investment opportunities, in his talk about the national strategy for transportation and logistics services.
During the workshop, which was moderated by the Chairman of the Logistics Committee at Asharqia Chamber, Rakan bin Abdul Rahman Al-Attishan, the owner said that the national strategy for transport and logistics services is achieved by launching many opportunities implemented by the public and private sectors, enhancing competitiveness, increasing operating efficiency, and increasing the number of stations.
And the owner indicated several investment opportunities and the size of the market available in it, and the most prominent of these opportunities is the manufacture of iron rails, as the size of the market available locally is 500 million riyals and the expected investment is from 70 to 80 million riyals. Middle and North Africa to one billion riyals and the expected investment volume in it ranges from 90 to 100 million riyals, and the manufacture of spare parts and traction engines, so the available market size ranges from 30 to 40 billion riyals, and the expected investment volume ranges from 150 to 200 million riyals, as well as manufacturing railways (concrete sleepers). Its available market is 1.5 million riyals, and the expected investment volume ranges from 100 to 150 million riyals, as well as the manufacture of train wheels. The available market size ranges from 25 to 30 thousand wheels annually, and the expected investment is 75 million riyals.
The owner touched on several issues that reflect the development taking place in the field of railway transport in terms of the length of the lines and their increase after the entry of many projects, which was reflected in the number of train drivers, as well as the number of passengers by trains, who numbered too and from Dammam station about 986 thousand passengers. 2021, and the number is expected to increase by 19% by the end of 2022.
At the end of the meeting, the CEO of Saudi Railways thanked Asharqia Chamber for providing the opportunity to meet with businessmen in the region and provide an overview of the company and its industrial investment opportunities, stressing Sar’s continuous endeavor to localize local content and provide all solutions and services to its customers.
An American commercial delegation is looking for investment opportunities in water treatment and energy facilities services in the Asharqia Chamber
06/12/2022
An American commercial delegation is looking for investment opportunities in water treatment and energy facilities services in the Asharqia Chamber
A member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, Monday, December 5, 2022, Met with the Executive Vice President of the Saudi-American Business Council, David Callahan, where they discussed aspects of joint economic cooperation, in the presence of a member of the Board of Directors Badr bin Muhammad Al-Abdulkarim, Secretary-General Abdul Rahman bin Abdullah Al-Wabel, and director of the Houston office of the Business Council The Saudi American Ishtiaq Hussain.
The Chamber received a US trade delegation specialized in water treatment, administrative and industrial consulting, business technology, and services for energy and industry facilities. It witnessed a remarkable presence from the business sector, as it discussed the most promising investment opportunities.
Al-Turki said that the Kingdom has strong economic and trade relations with the United States of America, which made it one of the most important trading partners of our country, with a joint trade volume in 2021 that amounted to about 114.1 billion riyals, an increase of about 28 billion riyals from 2020 AD, and that it ranks sixth among countries. The Kingdom exports to and is ranked second to the countries from which it is imported, and more than 700 American companies operate in the Kingdom, and more than 21 American brands are in the market until the current year.
She indicated that there is a mutual keenness between the two countries to enhance the exchange of trade delegations at all levels to strengthen bilateral relations, as trade relations are witnessing rapid development and growth, and broader horizons of cooperation await them in light of the new government measures and incentives that liberated the national economy and given the tangible participation and desire of American companies. By entering the investment sectors in which the Kingdom has expanded, such as the water treatment, industry, energy, and technology sectors, within the framework of its implementation of the goals of Vision 2030 AD by diversifying the economic base.
The Prince of Eastern sponsors the annual Asharqia Chamber reception for the business sector
05/12/2022
It is held on the 20th of December in the presence of many government officials
The Prince of Eastern sponsors the annual Asharqia Chamber reception for the business sector
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, will oversee the annual reception of the Asharqia Chamber for the business sector, which is organized by the Chamber at the Dhahran International Exhibitions Company Center "Dhahran Expo" on Tuesday, December 20, 2022.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, appreciated the sponsorship of His Highness, the prince of the Eastern Region, for the event, stressing that his patronage represents the great supporter of the activities, events, and programs of the Chamber that it provides in service to the economic and social sector in the region, pointing out that honoring His Highness for the ceremony every year reflects the interest of His Highness in meeting The region's businessmen and women, government officials, and academics are prominent in economic affairs. Their participation in the aspirations and aspirations that advance the eastern part is in line with the aspirations of the Kingdom's Vision 2030.
Al-Ruzaiza explained that the year's ceremony comes as a culmination of several achievements made by the chamber in serving the business sector in the eastern region, whether in terms of launching many of its awareness programs or its activities and initiatives aimed at expanding the percentage of private sector participation in the national economy, which is witnessing remarkable development at various levels.
He said that this year's ceremony comes in light of the significant growth the country is witnessing in various fields and at all levels, indicating that the ceremony aims to deepen the bonds between the private sector and the multiple segments of society, stressing the importance of the annual ceremony as it represents a forum that stimulates interaction and achieves communication. With senior officials and directors of departments, government agencies, and civil sector officials in the region.
Al-Ruzaiza stressed that the Chamber always attaches great importance to (communication and strengthening ties) between business owners in the region, based on its belief in the vital role that communication can play in constructively proposing issues of interest to the business sector, indicating that what the Chamber does is of Events, forums, workshops, or the initiatives and programs it launches throughout the year to develop the skills of the business sector and increase its awareness of economic affairs and its various fields. it comes as a translation of the Chamber's message and vision in serving this vital sector, which came among the basic pillars for achieving Vision 2030.
Al-Ruzizea: The sustainability of family businesses lies in the balance between management and ownership
04/12/2022
Al-Ruzizea: The sustainability of family businesses lies in the balance between management and ownership
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Al-Ruzizea, confirmed that family businesses are a major component of the national economy. There is a general and private need to support the factors of their continuity across generations, especially since most of them face this challenge after the departure of the founder, saying: The best solution for the sustainability of family businesses across generations is the occurrence of Necessary changes in the philosophy and behavior of the original owners that support the balance between management and ownership, and the full realization that the management and sustainability of family businesses depend first and foremost on working as a homogeneous team that is compatible with governance systems and the vocabulary of transformation.
This came within the framework of Asharqia Chamber's continued preparation for the launch of the second national forum for the sustainability of family businesses, which will be launched on December 13 and 14, under the auspices of the Prince of the region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and in cooperation with the National Center for Family Enterprises, with the participation of a group of International and local experts specializing in governance, finance, and sustainability of family businesses, to review the most recent developments in sustainability, management, and alternative financing solutions for family businesses, as well as successful experiences in sustainability at the local and international levels.
Al-Ruzaiza said that the forum will discuss, over two consecutive days, a set of topics of importance to governance and the transmission of leadership across generations, as well as alternative financing solutions for family businesses, the most prominent factors supporting business continuity and global developments regarding their conditions in light of the major changes taking place in the global economy, and others. One of the issues related to family businesses.
Al-Ruzaiza pointed out that governance comes at the top of the most important factors for achieving sustainability in family businesses, which depends in large part on raising awareness and learning about successful family business experiences in achieving sustainability and its mechanisms and tools in achieving this goal, and that the forum comes as a continuation of what the Chamber constantly proposes. On family businesses and the importance of their sustainability, noting that it is a message that the Chamber is always keen to send to family business owners and representatives of the importance of applying governance rules and procedures.
Al-Ruzaiza added that, given the successive changes in the national economy, brought about by the Kingdom's Vision 2030 AD, whereby increased reliance on the private sector as an essential pillar of growth and development, and because family businesses are a significant component of the private sector, the forum tries to enrich family business owners with the latest trends and best practices. In the governance of family businesses and everything that would maintain the continuity of their businesses of all kinds.
Specialists review the mechanism of obtaining financing for entrepreneurial projects from commercial banks
29/11/2022
Within the events accompanying the Small and Medium Enterprises Forum
Specialists review the mechanism of obtaining financing for entrepreneurial projects from commercial banks
Within the events accompanying the Small and Medium Enterprises Forum organized by the Asharqia Chamber in partnership with the Public Authority for Small and Medium Enterprises "Monshaat" yesterday, Sunday, November 28, 2022, two workshops specialized in entrepreneurial projects were held, the first was entitled: Testing Ideas in Entrepreneurship, presented by a faculty member Prince Mohammed bin Salman College of Management and Entrepreneurship, Dr. Abdul Rahman Hariri.
During the workshop, Hariri stressed the importance of testing ideas before entering into force, because the idea - according to him - may succeed or fail, and in the event of success, it means continuing and continuing, but in the event of failure (in the test before practical implementation) So the entrepreneur must change the idea or re-test it, or move to a new idea that guarantees him success in his next project. So the entrepreneur must change the idea or re-test it, or move to a new idea that guarantees him success in his next project.
Based on that - according to Dr. Hariri - it is necessary to know the methods of testing ideas, in order to be sure of success (which means continuation and implementation), or failure (which means stopping and looking for another idea), and one of the methods used to test ideas is measuring the first interest through advertisements Through this, it is possible to know the extent of people’s interest in the idea and their interest in it, so that the next step in this regard comes, which is to know the ways to reach customer segments, and through that it is possible to judge the idea.
In this regard, Hariri stresses that the entrepreneur must remember that he is in the stage of testing (or choosing) the idea. The goal - now - is not to increase sales, but rather to test the idea and get to know the work and its specifications in order to benefit from all of that to build the product.
In this regard, he sees the need for proper planning to build the initial experience, and this requires reading the experiences of others and the means of testing ideas, and choosing a preferred method that can be followed after that. It is necessary to plan the experiment itself, and to know the best method that can be followed in this regard, so that it is less costly, effort and time.
Dr. Hariri concluded that the entrepreneur should not drown too much in his dreams, and he should take initiative and speed, because the idea that is not valid is abandoned and another idea is searched for.
In the second workshop, entitled: Qualification for obtaining financing from commercial banks, the leader of the Emerging Business Banking Team at Riyad Bank, Tariq Al-Qahtani, confirmed that the Saudi banking sector has initiatives aimed at financing small and medium enterprises, confirming the fact of the trend to support this sector, with its conviction that there are challenges it faces. Pre-financing and some financing.
He stated that banking initiatives to finance small and medium enterprises were represented by many local banks in establishing specialized departments and centers in the facilities sector with specialized relationship managers, and holding meetings and introductory and educational courses in cooperation with the General Authority for Small and Medium Enterprises, chambers of commerce, Saudi universities, as well as Saudi banks. Itself, and cooperation with local specialized agencies such as the sponsorship program, and international ones such as the International Finance Corporation, and participation in various activities related to the activities of small and medium enterprises in cooperation with governmental and semi-governmental agencies and the private sector, as well as presenting the emerging business portfolio (SME TOOLKIT, G20 Sponsorship),
He added that among the initiatives in this regard is the provision of exclusive financing and non-financial products to serve the small and medium enterprises sector, most notably cash facilities, which include financing tawarruq / or profit, which may be short-term (financing the working capital cycle), or medium-term (financing fixed assets). or long-term (financing capital expansions), including programs for financing contracting contracts, supply contracts and service works, financing salaries, professional licenses products, and commercial real estate financing products, in addition to non-cash facilities such as financial guarantees provided to companies for the purpose of financing purchases on credit, Consulting and more.
He explained that qualifying for financing from commercial banks requires the preparation of a credit file that includes a feasibility study, audited or internally prepared financial statements, or the movement of a commercial account, with documentation of all details (completion certificates, invoices, sales, social insurance...), and everything that reflects reputation. Business, personal, credit history, management performance level, operating system, and so on.
Nevertheless, he believes that the banking sector faces a number of challenges in this regard before financing, including: limited invested capital, inability to prepare a credit file, and manifestations of this include weak documentation (commercial accounts, certificates of good execution, sales movement), and lack of competencies Manpower or specialized expertise, lack of administrative and financial skills, weak sources of payment.
As for the challenges facing the banking sector after financing, such as the ill-conceived expansion of activities, the pressure on the level of liquidity in activity, and the different strengths and success criteria.
(cadres, mechanisms, technical knowledge, cost management...etc), loss of specialization, differing financing and technical needs for the activity, loss of competitive factors, which leads to a high degree of risk and thus threatens the continuity of the credit relationship.
Al-Ruzaiza: Tarot and Darien Island is waiting for a development in its economic growth and investment capabilities, and a re-exploration of its historical heritage
27/11/2022
Al-Ruzaiza: Tarot and Darien Island is waiting for a development in its economic growth and investment capabilities, and a re-exploration of its historical heritage
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that (Tarot and Darien Island are awaiting a quantum leap in its economic growth, strengthening its investment capabilities, and re-exploring its heritage and historical assets), and that the adoption of the developmental orientation of the island pushes many investments and operational opportunities for the people of the eastern region, and that it is consistent with The objectives of the vision are to achieve a diversified economy based on the optimal utilization of the available ingredients.
Last Thursday, November 24, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, approved the development orientation of Darin and Tarut Island and future initiatives for the island, as well as the establishment of the Darin and Tarut Island Development Corporation, and the allocation of an estimated budget. With a value of 2.644 billion riyals to improve the quality of life and develop the local product therein.
Al-Ruzaiza stressed that it's the great impact of this developmental trend will reflect positively on all the governorates and cities of the eastern region, whether in terms of improving the quality of life or strengthening the elements of the tourism economy and the subsequent urban development projects in various fields and thus more job opportunities for the people of the region.
Al-Ruzaiza pointed out that the development orientation of Darin and Tarut will enhance the status of the tourist area in line with its status, legacy and historical origins, pointing out that the island is on the verge of a major urban development that keeps pace with the renaissance witnessed by all regions of the Kingdom within the framework of implementing the goals of Vision 2030 AD, extending his thanks and appreciation. His Highness, the Crown Prince and Prime Minister, for approving the developmental orientation, including future initiatives, and establishing an institution entrusted with determining the island's development needs, which represents an exploitation of the comparative advantages and an investment of the natural and heritage components enjoyed by Tarut and Darien Island.
The Chairman of the Qatif Business Council, Abdul Raouf Abdullah Al-Matrod, said that the adoption of the developmental orientation for Tarut and Darien Island and the allocation of an estimated budget of more than two and a half billion achieves a set of goals. On the one hand, it preserves the cultural and historical heritage of the island, which dates back more than 5,000 years and includes More than 11 archaeological sites, and on the other hand, it improves the quality of life and well-being of the people of the island, the Qatif Governorate, and even the entire eastern region through the development of economic and tourism activities and benefiting from the comparative advantages and investing in them. It is expected that the coming periods, with the adoption of the developmental orientation of the island, will witness an active investment movement in the tourism sector and all fields related to it.
Today, the Prince of Eastern sponsors the launch of the "Small and Medium Enterprises Forum 2022"
27/11/2022
Organized by Asharqia Chamber in partnership with "Manshaat"
Today, the Prince of Eastern sponsors the launch of the "Small and Medium Enterprises Forum 2022"
Today, Sunday 27/November/2022, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, sponsors the activities of the “Small and Medium Enterprises Forum” organized by the Asharqia Chamber, in partnership with the General Authority for Small and Medium Enterprises (Monshaat), and discusses several issues that support the trend. The General Authority of the Kingdom cares for small and medium enterprises and affirms the centrality of its role in comprehensive development plans and support for localization options in goods, services, and human resources.
The Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the forum, which will be held at the chamber's headquarters in Dammam, seeks to have investment and financing channels in financial technology have a major role in the development and expansion channels of small and medium enterprises.
Al-Ruzaiza praised the generous sponsorship of the forum from His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, considering that this sponsorship is in addition to the forum and one of the most prominent titles of the desired success of the activities involved in this forum, which witnesses the prominent participation of many experts, specialists and representatives. Scientific and technical authorities in the Kingdom.
Al-Ruzaiza adds that the forum - through this version - seeks to identify and support the best economic sectors that can be invested in by small and medium enterprises, by presenting the concept of partnerships and alliances for small and medium enterprises as a strategic option, and developing the administrative and technical skills of owners of small and medium enterprises.. stressing That keenness on developing small and medium enterprises is a strategic choice for Asharqia Chamber, under which several programs and events are held throughout the year, such as seminars, lectures, consulting sessions and training courses, as well as the forum that is held periodically.
During three sessions, the forum will discuss several axes. In the first session titled (Small and Medium Enterprises in light of the Kingdom’s Vision 2030), speakers will discuss several axes and topics: (The role of government agencies in supporting the legislative environment for entrepreneurs, integration between government agencies in facilitating Business of small and medium enterprises, the role of universities and educational institutions for entrepreneurs, integration between business incubators and accelerators and government agencies in light of the Kingdom’s Vision 2030).
Speaking during this session are: (Director General of Entrepreneurship Culture at the General Authority for Small and Medium Enterprises “Monshaat”/ Muhammad Al-Amro, The Dean of the Entrepreneurship Institute at King Fahd University of Petroleum and Minerals/ Dr. Wael Musa, and Head of the Entrepreneurship Unit at Imam Abdul Rahman Al-Faisal University/ Dr. Muhammad Al-Sheikh, and the General Manager of the Saudi Fintech Initiative / Nizar Al-Haidar, and this session is chaired by the investor and academic specializing in entrepreneurship / Ali bin Saleh Al-Humaidan).
The second session, discusses (the diversity of financing and investment sources for small and medium enterprises), where the speakers address the role of “empowering the agencies supporting the small and medium enterprises sector in the Kingdom, developing the small and medium enterprises sector, challenges and solutions for financing and supporting small and medium enterprises, and the role of financial technology in the rapid growth of enterprises "small and medium.”
Participating in this session are: (Advisor to the CEO of the Social Development Bank / Eng. Abdulaziz Al-Shuaibi, General Manager of the Kafalah Program / Hammam Hash, Administrative Director of the Saudi Aramco Center for Entrepreneurship, Eng. Fahd Al-Eidi, Acting Regional Director of Small and Medium Enterprises Banking at Riyad Bank / Muhammad Al Salem), and the dialogues of this session are moderated by the Marketing Director of Al-Falak Technical Equipment Company / Ayla Al-Shidwi.
In the third session, the forum will discuss (the future of the financial technology sector in supporting small and medium enterprises), and it will address several topics included under this axis, including: “The strategy for providing financial products and services to small and medium enterprises, areas and enablers of financial support for small and medium enterprises, and the role of financial technology in accelerating growth of small and medium enterprises. Participating in this session are: (Chief Executive Officer of Aseel Financial Company/ Majed Aba Al-Khail, and the Director of Business Development of Lean Technology Company/ Saleh Al-Ghamdi), and the dialogues of the session are managed by the Managing Partner of Concentration Company / Nayef Al-Mulhim.
For his part, the head of the Business Youth Council in the Asharqia Chamber, Saad bin Khaled Al-Moajel, described the establishment of the "Small and Medium Enterprises Forum" as another step within several steps supporting small and medium enterprises, and young businessmen in particular, and emphasizing their role in the comprehensive development that the Kingdom is witnessing in the era of Vision 2030.
Al-Mojil added that the option of supporting small and medium enterprises, and providing more opportunities and fields for young entrepreneurs is a "development necessity" adopted by the wise leadership from the development plans up to the Kingdom's Vision 2030, so that this important forum comes within this direction, and moves within this framework, especially since all Data, as well as global and regional experiences, support such an approach.
Al-Mojil pointed out that young businessmen in the Kingdom (and in the eastern region in particular) continue the path of those who preceded them, who gave and achieved the outstanding achievements referred to as Lebanon, including the presence of the Saudi product in various countries of the world, and the presence of the national human element in various work facilities, as well as About the remarkable increase in the contribution of the private sector to develop. All these achievements were a source of pride and pride, and they are what we - young entrepreneurs - bear another responsibility, which is to continue these bids. Therefore, holding such events is a good support for opening new business horizons for entrepreneurs.
He praised the step of the strategic partnership embodied in the forum between the Asharqia Chamber on the one hand and the General Authority for Small and Medium Enterprises (Monshaat). Oriental room.
On the sidelines of the forum, two workshops will be held tomorrow, Monday 11/28/2022, the first entitled (How to qualify your facility to obtain financing from commercial banks), presented by Riyad Bank, and the second entitled (Testing Ideas in Entrepreneurship) presented by Dr. Abdul Rahman Hariri from Prince Mohammed bin Salman College of Management and Entrepreneurship.
Asharqia Chamber launches the second national forum for the sustainability of family businesses in December
23/11/2022
Under the patronage of the Prince of the region and in cooperation with the National Center for Family Enterprises
Asharqia Chamber launches the second national forum for the sustainability of family businesses in December
Under the auspices of the Governor of the region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and in cooperation with the National Center for Family Enterprises, the Asharqia Chamber will launch, on December 13 and 14, the second national forum for the sustainability of family businesses, to complement its role in highlighting issues of sustainability, governance, and alternative financing solutions. for family businesses and the most prominent developments in the family business at the local and international levels, and it will be attended by a group of international and local experts specializing in governance, financing, and sustainability of family businesses.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, said that the forum comes at a time when the government is making great efforts to support the paths of sustainability of family businesses because this business occupies a vast space in the national economy, and its capabilities to absorb many labor forces, so it was A major item within the new corporate system, which in turn provided comprehensive treatment for the challenges it faces and is reflected in many benefits on its sustainability in the Kingdom.
Al-Ruzaiza explained that the forum would discuss, over two consecutive days, a set of topics of importance to governance and the transmission of leadership across generations, as well as alternative financing solutions for family businesses, the most prominent factors supporting business continuity and global developments regarding their conditions in light of the major changes taking place in the worldwide economy, and others. One of the issues related to family businesses.
Al-Ruzaiza pointed out the importance of the topic of the second national forum at the local and regional levels, and that it comes as a complement to what the Chamber constantly raises about family businesses and the importance of their sustainability, noting that it is a message that the Chamber is always keen to send to family business owners and their representatives on the importance of applying the rules and procedures of governance and what follows them. To achieve sustainability, which is the first goal of the family business.
Al-Ruzaiza stressed that governance comes at the top of the most important factors for achieving sustainability in family businesses, which depends in large part on raising awareness and learning about successful family business experiences in achieving sustainability and its mechanisms and tools in achieving this goal, referring to the attention the Chamber has given in In this regard, it launched a “family” newsletter, which is a specialized publication in family businesses, as well as its launch of advisory programs in cooperation with major export houses, such as the family business consulting program, which means supporting and guiding owners and representatives of family businesses in the region with governance applications and optimal procedures to reach sustainability.
Asharqia Chamber organizes the "Small and Medium Enterprises Forum 2022" next Sunday
21/11/2022
Under the patronage of His Highness the Prince of the Eastern Province
Asharqia Chamber organizes the "Small and Medium Enterprises Forum 2022" next Sunday
Al-Ruzaizah: Caring for small enterprises is in line with the general direction of Vision 2030
Al-Moajil: The forum is an important step and an outspoken supporter of the "necessities" of young businessmen to continue the march
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Region, sponsors the "Small and Medium Enterprises Forum", which is organized by the Asharqia Chamber on Sunday and Monday 27 and 28 November 2022, in partnership with the General Authority for Small and Medium Enterprises (Monshaat), and with the participation of several experts and specialists. One of the issues that support the Kingdom's general direction in caring for small and medium enterprises, and confirms the centrality of its role in comprehensive development plans and support for localization options in goods, services, and human resources.
This was mentioned by the Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Ruzaiza, who added that the forum, which is held at the chamber's headquarters in Dammam, seeks to transform investment, financing, and financial technology issues, so that they are major tributaries for development and expansion channels for small and medium enterprises, which are the basis for any economy looking forward to more Growth and development is like the Saudi national economy, so it is not surprising that small and medium enterprises are one of the pivotal goals of the Kingdom’s Vision 2030.
Accordingly, Al-Ruzaiza says that the forum - through this version - seeks to identify and support the best economic sectors that can be invested in by small and medium enterprises, by presenting the concept of partnerships and alliances for small and medium enterprises as a strategic option and developing the administrative skills of owners of small and medium enterprises. And technical .. stressing that keenness to develop small and medium enterprises is a strategic choice for the Asharqia Chamber, under which several programs and events are held throughout the year, such as seminars, lectures, consulting sessions, and training courses, in addition to the forum that is held once every two years.
Based on these data, Al-Ruzaiza says that the forum will discuss, during three sessions, several axes. In the first session, which is titled (Empowering small and medium enterprises in light of the Kingdom’s Vision 2030), the participants in the forum will discuss "the role of government agencies in supporting the legislative environment for entrepreneurs, and the integration between government agencies in facilitating the work of small and medium enterprises, with a focus on the role of universities and educational institutions in supporting and developing entrepreneurs." And integration between business incubators and accelerators and government agencies in light of Vision 2030.
As for the second session (or the second axis) (diversity of financing and investment sources for small and medium enterprises), the forum discusses several issues, including: “Empowering agencies supporting the small and medium enterprises sector in the Kingdom, developing the small and medium enterprises sector, challenges and solutions to financing and supporting small and medium enterprises, the role of Financial technology in the rapid growth of small and medium enterprises.
As for the third session, the forum will discuss (the future of the financial technology sector in supporting small and medium enterprises), and it will address several topics included under this axis, including the strategy for providing financial products and services to small and medium enterprises, areas and possibilities of financial support for small and medium enterprises, and the role of Financial technology in accelerating the growth of small and medium enterprises.
He pointed out that the forum will witness the participation of representatives of the General Authority for Small and Medium Enterprises (Monshaat), King Fahd University of Petroleum and Minerals, Imam Abdulrahman Al-Faisal University in Dammam, the Social Development Bank, Saudi Aramco, and several financing funds, as well as several academics and consultants in the fields of Business Development and feasibility studies. He expressed his hope for the success of the forum and the achievement of the desired goals.
The head of the Business Youth Council in the Asharqia Chamber, Saad bin Khaled Al-Mojel, described the establishment of the "Small and Medium Enterprises Forum" as another step within several steps supporting small and medium enterprises, and young businessmen in particular, and emphasizing their role in the comprehensive development that the Kingdom is witnessing in the era of Vision 2030.
Al-Mojil added that the option of supporting small and medium enterprises, and providing more opportunities and fields for young entrepreneurs is a "development necessity" that the country's leadership adopted not long ago, so this important forum comes within this direction, and moves within this framework, especially since all the data, as well as Global and regional experiences, support such an approach. The role of small and medium enterprises was not marginal in any plan that seeks success and aspires for further growth and development. In this regard, it is sufficient to say that supporting small and medium enterprises opens wide job prospects for Saudi youth who are willing, ambitious, and aspiring for a better world. , and more beautiful giving, so it is not surprising that small and medium enterprises are one of the explicit goals of Vision 2030.
He pointed out that young businessmen in the Kingdom (and in the eastern region in particular) continue the path of those who preceded them, who gave and achieved the great achievements referred to as Lebanon, including the presence of the Saudi product in various countries of the world, and the presence of the national human element in various work facilities, as well as The remarkable increase in the contribution of the private sector to develop. All these achievements (and many others) were a source of pride, and they are the ones that hold us - the young businessmen - another responsibility, which is to continue those bids, which are national and not individual, so we find that holding such events (Such as the Small and Medium Enterprises Forum) is the best support for opening new horizons of work for the new generation, to allow it to continue the march.
He praised the strategic partnership step embodied in the forum between the Asharqia Chamber on the one hand and the General Authority for Small and Medium Enterprises (Monshaat). In this partnership, it is an affirmation that the development process and the care of small and medium enterprises are one of its features. It is a joint responsibility between government agencies (represented by the Authority) and private sponsors. For the private sector such as the Asharqia Chamber, this is what we expect to see in the sessions of the forum and the resulting ideas, recommendations, and proposals that serve entrepreneurs and support the development process.
The Prince of Eastern inaugurates the Women's Economic Forum 2022
16/11/2022
The Prince of Eastern inaugurates the Women's Economic Forum 2022
Under the heading "Change Industry"
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, inaugurated "via visual communication" on Wednesday, the Women's Economic Forum 2022, which is organized by the Asharqia Chamber under the title "Change Industry".
His Highness, the Governor of the Eastern Province, said in his speech during the inauguration, "You all know the number of reinforcements that the state has paid, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and His Highness, the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz to empower women." And strengthening her roles in various fields, due to her deep-rooted belief that women are half of society and her energy is a motivator for all, and she can participate, give and share with her brother the man in the service of the country in a parallel manner committed to her values, customs, and her distinctive mental image.
His Highness, the Prince of the Eastern Region, added, "Women represent an essential source for reforming societies and an active partner in the process of our development renaissance. To the effective contribution to the process of growth and development of the region, stressing his confidence in the arms of the people of the region to be contributors to achieving the desired goals of the country.
Four sessions
The forum witnessed four sessions that dealt with the concept of making change and how women have become an influential actor and an essential pillar in it, becoming an integral part of the movement of the national economy and its endeavors towards diversification and exploitation of opportunities, as well as the empowerment of women in family businesses and ways to enhance their roles in decision-making within them, and what they can do. She performs it to ensure the sustainability of their companies, especially by increasing their involvement in the labor market in general and leadership positions in particular, as well as empowering them in various economic sectors, especially sectors such as energy, industry, and technology, with the participation of many specialists, specialists, officials, academics, and those interested in economic affairs in general and the women’s business sector in particular.
And that wise leadership has an inherent belief that women are half of society and their energy is a motivator for all segments of society, and they can participate, give and share with their brother men in the service of the country in parallel.
Al-Razaiza pointed out the extent to which the Asharqia Chamber is keen on the periodic convening of the Women's Economic Forum to keep abreast of the state of economic developments and transformations taking place in the country and measure the extent of their reflection on Saudi women, through the collective dialogue that it adopts about the various roles that women can play for broader participation in achieving Vision 2030 AD. Pointing out that it has become a leading local platform through which the Chamber tries to support Saudi women in various fields, as it is an extension of the positive theses that the Chamber always adopts to support and develop the business community and advance the role of women in it, and an affirmation of the importance of women’s efforts in building nations and what they can perform in the structure of society and the economy.
consecutive achievements
Nouf bint Abdulaziz Al-Turki, a member of the Board of Directors, said during her speech that this year’s forum comes in light of the successive achievements that Saudi women are experiencing today and a continuous movement towards enabling them to obtain appropriate opportunities to build their future and contribute to the development of their country, which has the greatest impact on what women represent. Saudi Arabia has a high status with my master, the Custodian of the Two Holy Mosques, and His Highness, the trustworthy Crown Prince (may God protect them).
Al-Turki indicated that women's participation in business doubled during this period, so the percentage of establishments they run jumped from 21.5% in 2016 to 45% this year, and their participation in the labor market increased by the middle of the year to about 32.9%, in addition to their remarkable presence. In many administrative and other positions, in which she proved her competence and ability to lead, she was confident in her competence, which reflects the overall extent of the positive impact of the steps aimed at empowering women, which the Kingdom has embarked on implementing within the framework of its ambitious vision.
industry change
In its first session, which was titled “Making Change” and was moderated by the broadcaster on MBC channels, Yasser Al-Amro, during which Dr. Fahd bin Suleiman Al-Tukhaifi, member of the Human Rights Council and head of the Human Rights Monitoring and Follow-up Committee and Chairman of the Trade and Investment Committee, Dr. Human in the Arab countries at the Arab Observatory for Human Rights, Dr. Al-Jawhara bint Fahd Al-Zamil, and the Undersecretary of the Ministry for Sectoral and Regional Development Affairs in the Ministry of Economy and Planning, Farah bint Ahmed Ismail, who emphasized that making change to empower women in various economic and development fields requires distinguished leadership in the making of change And that today, under the wise leadership, there is a real industry for change, and that women have become a major and strongly present part of the change that has taken place, and they indicated that the empowerment of women has become a national project, and all government agencies and others are working to empower women in various aspects of life, and that the various systems and legislation are keeping pace with the goals of empowerment As a main pillar of Vision 2030 AD, the work system has been modified through the philosophy of gender equality, as well as the retirement system, the employment of women in all professions, the issuance of travel documents and many other systems and legislations, as their empowerment came in all aspects and in various categories, and they pointed out that the Kingdom now has many One of the advanced indicators of women's empowerment, and that what happened to Saudi women during the past few years represents a model and an experience from which other countries can benefit, especially as it is an experience that achieved a rapid pace in the paths of empowerment and also achieved perfection in implementation.
They pointed out that there is no contradiction between empowerment and building expertise, and that the Kingdom, according to the results on the ground, was able to support the empowerment of women and at the same time increase their experiences and skills through several programs and initiatives in various aspects, stressing that empowering women is a fundamental factor in achieving the goals of sustainable development. And the economic policies created by the vision mixed diversification and empowerment, which reflected positively on the stability of the Saudi family by increasing income rates and thus on the purchasing power of the Saudi family. Women’s empowerment policies benefit everyone, whether men, women, or the country as a whole.
Women in family businesses
In the second session, titled (Women's Empowerment in Family Businesses and Their Role in Decision-Making), spoke each of Dr. Aed bin Ibrahim Al Mubarak, CEO of the National Center for Family Enterprises, And a member of the Board of Directors of the Riyadh Chamber, Kholoud bint Abdulaziz Al-Dakhil, and the Executive Director of the Al-Muhaidib Foundation for Community Service, Sarah bint Essam Al-Muhaidib, They explained that the presence of women in family businesses has also become clear and distinct, due to the awareness they have and the family and companies in general, in addition to the fact that official decisions support this approach. Therefore, opportunities are available and women must develop scientific, technical, and leadership skills for more empowerment in their family businesses.
They explained that Saudi women at present are part of an integrated system of a changing society, and we are still in the phase of change, which includes all sectors, especially companies, and family businesses in particular, but the depth of women's partnership - at present - is linked to the woman's personality, scientific competence, and skills, without being We neglect the support of companies and families. What is required of women is to develop their entrepreneurial ideology and develop leadership and management skills. This achieves the sustainability of the establishment in the way that we aspire to as a society.
They mentioned that the role of women is historical, as they are half of society, and at present, they enjoy direct and explicit support from the initiatives of the Kingdom’s Vision 2030, and they occupy the most important positions, and what is required of women is to raise their scientific and professional competence, as opportunities are available and support is available, and the initiative is what is required, and continuing education and social presence.
Various software packages
The issue of empowering women in the sectors of energy, industry, and technology, is the title of the third session of the forum, which was moderated by the President of the Council of Business Women, Maram bint Saeed Al-Jishi, in which the CEO of the Saudi Technical Institute for Petroleum Services, Bassam bin Ayoub Al-Bukhari, and the Executive Vice President of Capital spoke. Al-Bishri at the Saudi Industrial Development Fund, Dr. Kholoud bint Abdullah Ashkar, and Director General of Digital Sustainability at the Ministry of Communications and Information Technology, Farah bint Muhanna Al-Muhanna Aba Al-Khail.
This session emphasized what the energy, industry, and technology sectors have become today, thanks to the empowerment policies adopted and the many programs and initiatives they included to enhance the participation of women in them, a fertile field for Saudi women who are already present in them, but the matter now, according to the speakers, is not related to empowerment as much as it is related to facing the challenge of increasing improvements Supporting greater participation of young people in general in these sectors.
The speakers agreed that the three sectors, despite their importance in the gross domestic product, all witness, according to their fields, various packages of various training and educational programs with objectives aimed at empowering young people in general and giving them the full opportunity to be an influential part in these sectors, such as the program for qualifying Saudi female engineers in refineries and petrochemical factories. Not to mention the various programs offered by the Industrial Development Fund, the petroleum sector, communications, and information technology to train and qualify young people of both sexes.
sustainability
And in the fourth session, which was titled: Environmental, Social Practices, and Corporate Governance ESG, in which the chief investment and executive partner at Desert Technologies Khaled bin Ahmed Sharbatly spoke, and the environmental, social, and governance sustainability solutions officer at KPMG Professional Consulting Fadi Shams Al-Din Al-Shihabi, and it was moderated by the consultant and researcher Visitor at the London School of Economics and Political Science (LSE), Dr. Hana bint Abdullah Al-Moaibed. The speakers emphasized that providing a suitable environment for women in the work environment contributed greatly to their creativity, noting that the internal and external investor feels comfortable when he knows that a company has a clear disclosure and participation of women.
A specialist stresses the importance of human resources in small enterprises
16/11/2022
In a lecture at the Asharqia Chamber incubator for entrepreneurship:
A specialist stresses the importance of human resources in small enterprises
Human Resources Consultant Khalid bin Muhammad Al-Shunaiber emphasized the importance of redefining human resources management in small enterprises, through several tasks that are not limited to the traditional tasks carried out by this department, such as recruitment, training, granting vacations, and so on.. calling for overcoming some of the mistakes that occur in this the field. He said in a lecture organized by the Asharqia Chamber incubator for entrepreneurship yesterday, Tuesday (11/15/2022) as part of the activities of the Global Entrepreneurship Week: "The department that is limited only to providing services to workers in the establishment such as vacations and letters of introduction is not a department of human resources, it is a department for personnel affairs, any part of human resource management.
He also believes that the department that is limited only to hiring workers, finalizing their recruitment procedures, and presenting numbers to senior management is a "recruitment department" and not a "human resources department." Likewise, a department that is limited to providing training services only is a "training department" and not a "human resources department."
Accordingly, the biggest mistakes in the tasks of human resources management, according to Al-Shniber, are merging the tasks of administrative affairs with the tasks of human resources management, lack of specialization, and failure to read the work system.
Paying attention to operation aspects and ignoring human resource practices' importance. In addition to other mistakes, including recruitment according to the lowest costs, ignoring the recruitment of the most efficient, ignoring the electronic support systems, relying on one type of recruitment, and not consulting with the experienced.
According to all of this, it is mentioned that the most important human resources practices for small and medium enterprises are providing or drafting an organizational structure, developing a recruitment plan, job description, internal policies and business models, retention and exit interviews, training, performance indicators, and archiving.
Regarding the organizational structure, it comes - according to Al-Shniber - according to the needs of your establishment, and is linked to the mission and vision of the establishment, and the best division is according to departments needed by the establishment, criticizing some establishments that copy and paste the message and image of other establishments.
In this regard, he said that it is not important to employ all the vacancies in the structure, and it is possible to rely on the duplication of tasks at the beginning, just as exaggerating the names of the organizational structure has more negatives than positives.
Governance and development procedures call for more specialized associations
16/11/2022
During the monthly Tuesday meeting at the Asharqia Chamber branch in Qatif
Governance and development procedures call for more specialized associations
Asharqia Chamber, represented by its Business Council in Qatif Governorate, organized a monthly meeting on Tuesday 15/November/2022, which was social, as the guest of the meeting was the director of the Social Development Center in Qatif, Barakat Al-Salbukh. Several social activists, and officials of charitable and cooperative associations in the governorate, were present, along with several members of the Chamber's Business Council in the governorate.
They talked about the reality of charities and the challenges they face, as the need for development in various fields was emphasized, noting the many products in the legislation and regulations regulating this activity. Some developments witnessed by some charitable, cooperative, and specialized societies, which are encouraged by the concerned authorities, were reviewed, especially in the relationship between general assemblies and boards of directors, and its reflection on the level of performance.
In this context, Al-Salbukh confirmed that the Social Development Center in Qatif supervises 24 private charitable societies, 6 cooperative societies, and 8 development societies (which were originally social development committees, but their names, systems, and regulations changed to become societies), in addition to 3 specialized societies, and one family fund.
He called on businessmen to take the initiative to launch specialized or cooperative societies, as well as more participation with other civil societies.. referring to the new changes taking place in the Ministry of Human Resources and Social Development, including the launch of the National Development Center, Which gives the centers and associations their legal status, provided that they technically follow the ministries affiliated to them, if they are specialized such as agricultural or commercial associations and the like.
He stated that the center communicates with the boards of directors of associations in the governorate to explain the new regulations, and conducts awareness sessions, in addition to that our channels are open to all, and the purpose of all this is to preserve the excellence that characterizes our associations, which won first place at the level of the eastern region with the largest number of volunteers.
He ruled out the idea of reducing the number of associations in the governorate, stressing that the trend is moving towards increasing them, but in other ways, which is specializing in charitable activities, especially in light of the noticeable increase in the population.
During the meeting, which was held at the headquarters of the Chamber’s branch in the governorate, the Chairman of the Chamber’s Business Council, Abdul Raouf Al-Matrod, spoke and said that we are currently witnessing a great renaissance, especially in the non-profit sector. Nowadays, there is a state of governance for these institutions, and their roles are clear.
The way it works and its mechanisms are also specific. Organization leads to success, and a sound system produces sound outputs. This is what we need to root at present. We
look forward to an expanded forum for these associations. We also hope to support the culture of investing in them to develop their resources. We must make efforts to attract distinguished competencies to work in associations.
Al-Matrod believes that the associations - since their inception - are voluntary, and the founding members and their boards of directors are volunteers. Under the new regulations and governance steps that are taking place at this level.
He concluded by saying that our associations are distinguished, our society is benevolent, and the institutions are interactive with all charitable and voluntary work, and those in charge of these associations have only to review and remedy the errors, and we look forward to increasing the number of specialized associations.
Specialists discuss investment, financing and financial technology challenges at the "Small and Medium Enterprises Forum"
14/11/2022
Organized by the Asharqia Chamber under the auspices of the Prince of Eastern at the end of November
Specialists discuss investment, financing, and financial technology challenges at the "Small and Medium Enterprises Forum"
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsors the "Small and Medium Enterprises Forum" organized by the Asharqia Chamber on Sunday 27 November 2022 in partnership with the General Authority for Small and Medium Enterprises (Monsha’at) and with the participation of several experts and specialists, and discusses several topics Which support the Kingdom's general orientation in sponsoring small and medium enterprises, and confirms the centrality of its role in comprehensive development plans and support for localization options in goods, services, and human resources.
This was mentioned by the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Raziza, who added that the forum, which is held at the Chamber’s headquarters in Dammam, seeks to transform issues of investment, financing, and financial technology, to be major tributaries of development and expansion channels for small and medium enterprises, which are the basis for any economy looking for more Growth and development is like the Saudi national economy, so it is not surprising that small and medium enterprises are one of the pivotal goals in the Kingdom’s Vision 2030
Accordingly, Al-Raziza says that the forum, through this edition, seeks to identify the best economic sectors in which small and medium enterprises can invest and support them, by introducing the concept of partnerships and alliances for small and medium enterprises as a strategic option and developing the skills of owners of small and medium enterprises. And technical .. stressing that the keenness to develop small and medium enterprises is a strategic choice for the Asharqia Chamber, under which several programs and events are held throughout the year, such as seminars, lectures, consulting sessions, and training courses, as well as the forum that is held once every two years.
The Chairman of the Business Youth Council at Asharqia Chamber Saad bin Khaled Al-Mojil described the establishment of the "Small and Medium Enterprises Forum" as another step among several steps supporting small and medium enterprises, and young entrepreneurs, in particular, emphasizing their role in the comprehensive development witness by the Kingdom in the era of Vision 2030.
Al-Mojil added that the option of supporting small and medium enterprises, and providing more opportunities and areas for young entrepreneurs, is a "development necessity" that the country's leadership has adopted for quite some time. Global and regional experiences support such a trend. The role of small and medium enterprises was not marginal in any plan that aspires to success and aspires to further growth and development. In this regard, it is sufficient to say that supporting small and medium enterprises opens broad work horizons for the willing, ambitious, and aspiring Saudi youth who aspire to a better world. And a more beautiful tender, so it is not surprising that small and medium enterprises are one of the explicit goals of Vision 2030.
He pointed out that the business youth in the Kingdom (and in the eastern region in particular) continue the path of those who preceded them, who have given and achieved great achievements that are referred to as remarkable, including the presence of the Saudi product in various countries of the world, and the presence of the national human element in various work facilities, as well as the The remarkable increase in the contribution of the private sector to development, all these achievements (and many others) were a source of pride and pride, and they are the ones that give us - the business youth - another responsibility, which is to continue those bids, which are national bids and not individual, so we find that the establishment of such events (Such as the Small and Medium Enterprises Forum) is the best supporter of opening new work horizons for the new generation, to allow them to continue the march carried out by government facilities and giant companies, and which parents and grandparents followed.
"Mudad" platform provides "digital" services to protect labor rights
14/11/2022
During a "virtual" workshop organized by Asharqia Chamber:
"Madad" platform provides "digital" services to protect labor rights
Asharqia Chamber organized on Sunday (November 13/2022) a workshop on the services provided by the wage protection "Mudad" and the contract documentation service "Qiwa".
During the workshop, the Senior Adviser and Director General of the General Department of Regulatory Relations at the Ministry of Human Resources and Social Development, Eng. Fahd Al-Qahtani, Assistant Director-General of the Ministry of Human Resources Branch for the Labor Sector in the Eastern Region / Muhammad Al-Atrash, an administrative official at Qiwa platform / Abdul Malik Kawas, quality and training officer at Madad platform / Najla Al-Doman, and director of the call center at Madad platform / Reham Al-Asiri.
During the workshop (which was held virtually), it was emphasized that the “Mudad” platform is one of the initiatives of the Kingdom’s Vision 2030 aimed at improving the contractual relationship between workers and employers, and it was launched in partnership between the General Organization for Social Insurance and Takamol Holding Company, and under the supervision of the Ministry of Resources Human and social development, and support from the Saudi Central Bank (SAMA).
The workshop speakers indicated that the platform aims to digitally transform all administrative and financial processes in institutions, to complete all procedures in record time and professional ways, and the aim of all of this is to guarantee the rights of both the worker and the employer.
Accordingly, the platform supports the process of digital transformation by creating renewable digital solutions that contribute to creating a flexible and effective work environment in the labor market, through the automation of salary payment, processing, and protection of wages.
They also made it clear that the Kingdom applies, through the "Mudad" platform, two systems, namely the "salaries management system and the wage protection commitment system".
As for the "Salaries Management System", it was pointed out that it is a system for automating the salary processes of small and medium enterprises, while the wage protection system is a government system for protecting wages and documenting contracts, which helps preserve the rights of the contracting parties to achieve a safe and attractive work environment.
Madad also provides several services through the payroll system, including (enterprise data management), as the system provides all facility data directly through the social insurance system, and (employee management), where the system provides all employee data directly Through the social insurance system, in addition to electronic payment and salary management, where the owner of the facility can save and process salary data for his employees with the addition of deductions and the provision of allowances and rewards.
Regarding the compliance system (wages), they mentioned that the program was launched by the Ministry of Human Resources and Social Development in 2013 and was later developed in line with "Vision 2030", to enhance the commitment of establishments to raising workers' wage files, monitoring violations and commission rates, and addressing justifications, and the system in general targets All private sector establishments, with a gradual obligation over certain stages.
They concluded by saying that adherence to these two systems achieves a safe work environment by raising transparency, preserving the rights of the contracting parties, reducing wage disputes between establishments and workers in the private sector, the ease of creating and documenting employee contracts, and knowing the percentage of the facility's commitment.
Al-Raziza: Saudi women are an essential bet and an effective partner in making change
13/11/2022
In preparation for the launch of the Seventh Economic Forum for Women
Al-Raziza: Saudi women are an essential bet and an effective partner in making change
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, confirmed that Saudi women have become today a key bet in achieving major development goals and an active partner in making the change that the country is witnessing at all levels and that it presents, day after day, a model for positive engagement in the national economy. This is due to Vision 2030, which classified women among the elements of the Kingdom's strength and worked to develop their talents, invest their energies, and enable them to obtain appropriate opportunities for them in all fields.
This came as part of the Asharqia Chamber’s continuation of its readiness to launch its seventh edition of the Women’s Economic Forum, under the title (Making Change), which will start next Wednesday, via the (zoom) platform, under the patronage of the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz. An elite group of specialized speakers, officials, academics, and those interested in economic affairs in general, and the women's business sector in particular, will participate in it.
Al-Raziza said that the Asharqia Chamber’s organization of the Women’s Economic Forum came to enhance the role of women in the national economy, noting that the Chamber sees the urgent need to intensify such forums related to the economic role of women, as it reviews their steps and needs towards effective participation in the development process, and it represents A major communication platform that raises awareness and identifies global experiences in women's economic empowerment.
He pointed to the Chamber's continuous preparations to receive and confirm the participation of female specialists, specialists, and those interested in women's economic affairs, pointing to the high number of participants in this year's forum, and that it is a serious opportunity to benefit from several topics it addresses, such as the challenges facing the development of the economic role of women in the Kingdom in general and the region. Eastern Province in particular, and to discuss the opportunities and possibilities available for female investors and businesswomen to contribute to the development process in the region, as well as introduce the mechanisms, forms, and various fields of this development.
Environmental commitment: 19,374 thousand industrial and development facilities and service providers visited
13/11/2022
During Tuesday's meeting in the Asharqia Chamber
Environmental commitment: 19,374 thousand industrial and development facilities and service providers visited
Asharqia Chamber hosted the Director General of the National Center for Environmental Compliance Branch in the Eastern Region, Eng. Ahmed bin Abdulhadi Al-Khalidi spoke at the monthly meeting of the business sector on Tuesday about the most prominent features of the branch’s plan.
During the meeting, which was attended by the Chairman of the Chamber Badr bin Sulaiman Al-Raziza and moderated by Secretary-General Abdulrahman bin Abdullah Al-Wabel, in the presence of a remarkable number of businessmen and women and those interested, Al-Khalidi said that based on the objectives of the National Transformation Program in the Kingdom, the National Center for Monitoring Environmental Compliance has developed a set of environmental initiatives that It would meet the most important requirements of the National Transformation Program, which is the reduction of pollution of all kinds with the participation of the private sector in the national work. and environmental service providers.
Al-Khalidi indicated that the program seeks to achieve a set of objectives, including increasing the work of inspection and environmental control on industrial and development facilities according to the highest standards of quality in performance and all regions of the Kingdom, in addition to implementing a specialized training program to raise the efficiency of the performance of environmental inspectors, and reduce wrong environmental practices. and environmental pollution resulting from industrial and development facilities, and spreading environmental awareness among industrial and development facilities.
Al-Khalidi stressed that to monitor the environmental compliance of all facilities subject to environmental control, the program worked to implement a comprehensive inspection of the facilities subject to environmental control, develop and update the facilities database periodically, provide devices and equipment, and implement a specialized training program to raise the efficiency of the performance of environmental inspectors, indicating that this has made achievements Several during the last period of the project's life, where the environmental inspection database was updated, as the number of registered facilities reached 21,240 thousand, and the number of facilities visited by the inspection teams reached 19,374 thousand.
Qiwa platform confirms the "mechanism" of labor services and human resources
13/11/2022
During a workshop in the Asharqia Chamber:
Qiwa platform confirms the "mechanism" of labor services and human resources
The team supervising the “Qiwa” platform of the Ministry of Human Resources and Social Development clarified that the ministry’s services are now provided “entirely” automatically, and the beneficiary can obtain them easily, through the platform, which is the main digital platform for all services of the Saudi labor system, and the unified interface for organizing and following up all transactions between The various parties to the work system in an automated and immediate manner, without the need for paper transactions, nor the assistance of any third party.
A strong team also confirmed, during a workshop organized by the Contracting Committee of the Asharqia Chamber last Monday (7/11/2022), that this platform was established to launch the labor market for horizons that cover the establishment’s journey from establishment and growth to expansion, and also stepping with the Saudi employee since the first job Until retirement, in support of all the services and tools that create an added value for this trip.
They also stressed the keenness of the Ministry and those in charge of the platform to update the procedures, so that the work systems are clear and highly transparent, because the platform's vision is to "create an integrated competitive labor market, based on transparency to be a cornerstone in supporting the nation's economy," and its mission is to achieve "a qualitative leap." In the services provided by the Ministry of Human Resources and Social Development to all parties in the labor market.
The team also mentioned that one of the most important advantages offered by the platform is the foundation program, which serves entrepreneurs, as the platform offers a grace period of one year when opening the facility file.
As for the rest of the services provided by the platform, they are numerous, most notably the Saudization certificate, changing and modifying a worker's profession, transferring a worker's service, issuing visas, issuing temporary professional visas, service organizing work regulations... and other services that serve establishments and individuals.
Member of the Board of Directors of the Asharqia Chamber and Chairman of the Contracting Committee Hamad bin Hamoud Al-Hammad moderated the interviews and explained that the Qiwa platform is one of the indications of the developmental steps that the Kingdom has been witnessing in recent years, by entering the world of digitization and electronic automation. It is provided through the official electronic platforms, including the Qiwa platform, as one of the contributions of the Ministry of Human Resources and Social Development in the pursuit of achieving the goal of the National Transformation Program, one of the programs of the Kingdom’s Vision 2030.
The Prince of Eastern Province inaugurates the Training Forum in light of digital transformation
13/11/2022
With the participation of training experts from inside and outside the Kingdom
The Prince of Eastern Province inaugurates the Training Forum in light of digital transformation
Al-Fuhaid: Qualitative steps that the Kingdom is achieving in the areas of digital transformation
Al-Raziza: We work together to support the goals of the vision with national cadres
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, opened this morning, Wednesday, November 9, 2022 AD, the activities of the “Training Forum in the Light of Digital Transformation” organized by the Asharqia Chamber represented by the Training Center, with the participation of several experts and specialists from inside and outside the Kingdom. , and representatives of many government and private agencies and major companies.
His Highness, the Governor of the Eastern Province, praised the efforts made by the Asharqia Chamber to develop and qualify national cadres, through many programs and courses that target young men and women in the region and raise their capabilities, in cooperation with the relevant authorities.
His Highness said, "Training and qualifying people is one of the mission objectives set by the Kingdom's Vision 2030, and we see its fruits, praise be to God, through many governments and private programs aimed at developing capabilities and raising the efficiency of male and female workers in various fields."
The forum included the establishment of four dialogue sessions that dealt with several topics related to digital transformation in the fields of training and qualification for national cadres. Training in building leadership competencies and empowering leaders, in addition to highlighting the models of training centers and platforms and their role in meeting training needs and their reflections on the quality of the training process and trainees, as well as specialized academies, to monitor successful experiences of them in the local training market, and to determine their contribution and evaluation of their performance in meeting the needs of training.
Qualitative leaps
In his speech at the forum, His Excellency the Governor of the Technical and Vocational Training Corporation, Dr. Ahmed bin Fahd Al-Fuhaid, reviewed aspects of the Kingdom’s achievements in the fields of training, and pointed out what the Kingdom has achieved under its wise leadership in terms of qualitative leaps in several areas during the past few years, and said that there are Many of the factors that helped the Kingdom excel and achieve rapid developments in reaching advanced positions in global indicators, on top of which comes the existence of a promising vision, the implementation of which today is shared by ambitious young men and women, working to contribute to building the nation through their positions in all bodies, ministries, and institutions Government agencies and the private sector.
His Excellency added that the Kingdom has a clear line in its efforts to expand the economic base and keep pace with the qualitative transformations driven by digital acceleration around the world, as the efforts of the various sectors in the Kingdom have proven their progress in the digital revolution, to be in the ranks of the advanced countries in this field, and the best evidence of this is the Kingdom’s launch of many National strategies and programs that will contribute to expanding the economic base, supported by digital transformation.
digital colleges
Al-Fuhaid said that to support the efforts exerted and to empower Vision 2030 with qualified national cadres, the Technical and Vocational Training Corporation, in partnership with various business sectors, worked to keep pace with this transformation in all training models, as digital colleges were launched in Riyadh, Jeddah and the Eastern Province, and the expansion of specialized colleges, and strategic partnership institutes, which provide qualitative training according to the latest technologies for various business sectors, in addition to opening more than 230 branches of international academies within facilities to enhance skills and link them to the labor market.
250 thousand beneficiaries
He pointed out that through nearly 1,500 training facilities, including governmental and private training facilities, and strategic and global partnerships, the Corporation works according to an integrated system to achieve the objectives of its strategic plan, which among its priorities is to support digital transformation and institutional excellence. Services for more than 250 thousand beneficiaries in training facilities, and how the Foundation has supported private training facilities, through the electronic market platform (Manar), which provides electronic registration and payment services, as well as search and comparison between training courses, which are provided by more than 1200 private training facilities on The level of the Kingdom, where the number of its visitors reached more than 4 million, and it is used by more than 800,000 users. The Foundation has recently won the Project Management Excellence Award for this platform for the year 2022 AD.
Developmental needs
For his part, Chairman of Asharqia Chamber Badr bin Sulaiman Al-Raziza said that holding this forum comes as an extension of the Chamber’s efforts in emphasizing the importance of qualifying national cadres in new disciplines and fields in line with the requirements of the Kingdom’s vision 2030 and its development needs in line with the rapid technological transformations, pointing out that training represents one of the most important activities Developing human cadres and raising the level of their performance and productivity.
Al-Raziza stressed that in the face of what we see today in the great and multifaceted development, whether in management systems or digital technology, all of us must keep pace with these developments and work to keep pace with them so that our human resources can perform their tasks to the fullest extent, as they are the solid base and the main engine of construction in our economy the National.
During the forum, a dialogue session was held between His Excellency the Governor of the Technical and Vocational Training Corporation, Dr. Ahmed bin Fahd Al-Fuhaid, and the business sector, chaired by Bader Al-Raziza, Chairman of the Board of Directors of the Asharqia Chamber.
In a discussion session:
Al-Fuhaid: We simulate global developments with quality programs in partnership with the private sector
His Excellency the Governor of the Technical and Vocational Training Corporation, Dr. Ahmed bin Fahd Al-Fuhaid, explained that the Corporation is moving forward to restore the governance of the training sector, to simulate global developments, through the development of specializations needed by the labor market, and the expansion of institutes and colleges, taking into account the quality of training outputs. ; Emphasizing partnership with the private sector and other government agencies.
During the dialogue session with the Chairman of the Eastern Region Chamber, Mr. Badr bin Suleiman Al-Raziza, within the program of the Training Forum in Light of Digital Transformation, which was organized by the Chamber today, Wednesday, Al-Fuhaid said that the world is witnessing successive developments at the digital level, and the Kingdom is not isolated from these developments and has achieved qualitative achievements and reached to Advanced centers on a global level, but these achievements need to be sustained and supplemented with follow-up, and this can only be done with more training and qualification to build capacity.
On the most important skills that should be focused on, Al-Fuhaid said that digital change threatens many jobs, as the machine has replaced humans, but some jobs are not performed by machine, so some statistics indicate that 50% of employees may lose their jobs if they are not rehabilitated, so they should be rehabilitated. The presence of specialized training, as we have specializations that the country needs, and we are working on the participation of the private sector in technical and professional disciplines, in addition to personal skills that should be focused on such as communication skills, commitment skills, discipline, as well as thinking skills .. directing private training facilities to go to such skills And away from stereotypes, and we look forward to attracting the worker not only for his testimony but for his skill as well.
Al-Fuhaid stressed the importance of partnership with the private sector, explaining more than two million male and female trainees were trained through private training facilities during the past year, which means that an important role awaits the private sector in this field, as we work within the general direction of the state, which is a partnership with the private sector.
His Excellency the Governor mentioned that the Foundation has its facilities all over the Kingdom in dedicated and equipped buildings, and it has 34 correctional institutes. He pointed out that there is a special committee that looks into professional certificates, and 177 international professional certificates have been accredited in many vital fields.
In the training forum sessions in light of digital transformation:
Digital transformation is a necessity for everyone to address their needs
An effective role for training platforms confirmed during the pandemic
First session:
In the first session moderated by the Chamber’s Board Member, Nouf bint Abdulaziz Al-Turki, the Vice President of Human Resources at Saudi Aramco, Faisal bin Abdulrahman Al-Hajji, and the Director of the Local Workforce Solutions Department at SABIC, Dr. Wajih bin Osama Magrabih spoke Abdul Aziz bin Abdullah Bawazeer, Director General of the Academy of Zakat, Tax and Customs Authority, And the General Manager of Talent Management at Ma’aden, Saleh bin Nasser Al-Enezi, whose axes dealt with future jobs and training trends according to modern technologies towards them, as well as the measurements used to know the return on investment in human resources on facilities, and the role of training in building leadership competencies and empowering leaders. The speakers emphasized that the transformation Digital is one of the topics that need high attention, whether at the professional or personal level, and it is not an option now in light of the rapid developments that the world is currently witnessing, but rather a necessity for individuals and institutions to engage in implementing its requirements and dealing with its needs, and it is not a new science but rather a building of new skills. It can keep pace with the digital transformation system, which has become a feature in various productive sectors, and they pointed out that there is a generational gap; The vision of the previous generation differs from the current generation in terms of digital transformation, which requires training officials and training program authors to work on providing training programs that keep pace with the ideas, vision, and behavior of the current generation, and they stressed the importance of the training process heading towards what is required by future jobs related to cloud applications and artificial intelligence. Cyber security and other functions of modern technologies are expected to prevail in the coming years, and the training process does not go to one party without the other, and be integrative and holistic, which also includes leaders within the institutions, provided that it is motivating the leaders and not only to measure performance but to raise awareness among them, pointing out Today, artificial intelligence is responsible for auditing declarations and guiding leaders, and there is a global trend to increase digital knowledge in training programs, noting that the volume of investments in modern learning technologies has recently reached, according to studies, nearly $315 billion globally, and it is cumulatively increasing, including 20% up to 2026.
Second session:
As for the second session, which was entitled (training platforms in the Saudi market), the participants discussed the role of these platforms in meeting training needs, and their impact on the quality of the training process and trainees, with a review of selected models of platforms specialized in electronic training in the Saudi market.
During this session, the Director General of E-Training on the Enrichment Platform at the Institute of Public Administration, Dr. Hani bin Iftikhar Al-Turkistani, the Director of the Digital Transformation Department - the General Organization for Vocational and Technical Training, Dr. Abdul-Malik bin Abdulrahman Al-Hammad, and the head of the e-training program (Doroob) at the Human Resources Development Fund “Hadaf” spoke Shahira bint Hussein Al Sahib, and founder and general manager of the Kuwaiti (Training) platform, Zaid bin Muhammad Al-Lahib. The session was chaired by the researcher and education and training consultant Amal bint Muhammad Al-Kinani.
The participants stressed that in light of the digital transformation, the role of platforms in providing training programs is confirmed, which may be short or long and varied, and that these platforms are integrated, according to the authority supervising them, but they all meet the demand for training in the market, and it was an important option In this regard during the Corona pandemic period.
Third session
In the third session, entitled: The Experience of Specialized Academies, the Director of Shared Services at the Saudi Petroleum Services Technical Institute, Eng. Abdulaziz bin Turki Al-Otaibi spoke that the Institute’s success is measured by the success of the companies to which we provide services, noting that the Institute, from 2010 to 2020, witnessed Graduating 10,000 trainees, stressing that the institute is open with all impressions and opinions through which it can fly its tools.
The founder and Chairman of the Board of Directors of the Saudi Academy of Culinary Arts "ZADK" Rania Bint Younes Mualla explained during the session, which was moderated by the specialist and consultant in human resources, Engineer Ahmed Al-Zahrani, that ZADIC is looking for students with certain specifications to be sure of its outputs, indicating that the Board of Directors of ZADIC Academy is keen On the application of the best international standards in the field of training, which made us distinguished by successful outputs inside and outside the Kingdom through our recent graduation of several students in the Sultanate of Oman.
The Director General of the Saudi Water Academy, Eng. Fawaz bin Ali Al-Ghamdi said that the success of the Academy is summed up by the success of 33 innovators who were able to establish their businesses and succeed in it.
And the Executive Vice President for Human Capital Development at the Saudi Digital Academy, Abdullah bin Saad Al-Ghamdi, said that the academy continues to invest in human resources, pointing out that the "Res" program was recently launched, which is concerned with accepting applicants in various fields, and the program is working to develop their skills through various tracks and specializations.
National Water: Solidarity and blocs in the implementation of projects characteristic of the current stage
03/11/2022
In a workshop in the Asharqia Chamber:
National Water: Solidarity and blocs in the implementation of projects characteristic of the current stage
The head of the eastern sector in the "National Water Company", Eng. Hamdi Al-Sharari confirmed that solidarity and blocs in the implementation of projects are characteristic of the current stage, that the company supports contractors and pushes towards increasing its partnership with them, and that it has great confidence in its partners from the private sector in general, noting that "National Water" does not deal with the logic of a "company and a contractor", but rather deals on the basis that they are partners in the success of projects, which are vital and concern the citizen and the resident in the first place.
He pointed out that the company (in the eastern region) has several projects, some of which are under tender, some under preparation, and others in the framework of implementation, all available to the private sector, and that their implementation requires achieving high proportions of local content, whether in purchases or raw materials or in Maintenance and operation operations that have been awarded to national companies for periods of up to seven years.
He added that the goal of the company's projects is to reach sustainable water services of high quality in all regions of the Kingdom to improve the quality of life today and in the future.
This came during a workshop organized by the Asharqia Chamber represented by the Contractors Committee on the day before yesterday, Wednesday, October 2, 2022, during which all projects and investment opportunities that the company provides to local contractors were reviewed. Between the private sector, major companies, and government institutions, calling on contractors to submit all their suggestions and visions to any government agency they wish to communicate with, and the Chamber is fully prepared to play the role of coordination and communication.
Al-Hammad said that the water sector comes within the fast-growing sectors and one of the most important strategic sectors in the Kingdom, and there are expectations of an increase in the demand for water in the Kingdom in the coming years, due to the great growth witnessed by the population, industrial and commercial base in the Kingdom, which leads to increased opportunities and opening New prospects for investment in this vital sector.
The Women's Economic Forum 2022 presents a new vision for the more effective performance of women as partners in the development
03/11/2022
It is sponsored by the Prince of the region and witnesses wide participation locally and globally
The Women's Economic Forum 2022 presents a new vision for the more effective performance of women as partners in the development
Under the patronage of the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Women’s Economic Forum 2022 will be launched on Wednesday, November 16, through the platform (zoom), organized by the Asharqia Chamber in its seventh edition to achieve a more effective performance for women in light of the implementation of the vision of 2030, by highlighting the challenges facing the development of the economic role of women in the Kingdom in general and the eastern region in particular, and examining the opportunities and possibilities available for female investors and businesswomen to contribute to the development process in the region, as well as introducing the mechanisms, forms and various fields of this development.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the forum of the year, unlike the previous six forums, which was set up by the Asharqia Chamber, comes in light of the qualitative leaps that Saudi women have achieved in terms of their economic participation, which came as a reflection of the reform efforts made by Vision 2030. This makes the forum different as it targets women’s performance to reach more effective participation for them in the country’s development process, pointing out that this new edition will witness wide participation of a large group of officials and officials in the public and private sectors and those interested in economic affairs in general and the women’s business sector in particular, and discusses a number of It is a topic related to the challenges facing women in economic affairs, and he tries to reveal to them all the ways to increase their investment contributions to the national economy.
Al-Raziza pointed out that the Chamber has extended its efforts to support and develop the business community and advance the role of women in it, based on its keenness on the women’s business sector, not only in the region but throughout the Kingdom, as they are essential resources in bringing about development and advancing economic growth.
Al-Raziza stated that the forum bears the slogan (Change Industry) and tries to shed light on four main axes, the first of which is to address the concept of change and how women can be part of the changing industry in light of the openness of the national economy towards diversification and exploitation of opportunities, while the second axis focuses, Empowering women in family businesses and ways to enhance their roles in decision-making within their companies, and what they can do to ensure the sustainability of their companies, especially with their increased involvement in the labor market in general and leadership positions in particular, The third axis, according to Al-Raziza, comes to identify the various opportunities in the various economic sectors in addition to the current role of women in sectors such as energy, industry and technology, while the latter reviews the role of women in environmental, social practices and corporate governance, stressing that the efforts made in the Kingdom to empower women at all levels. Its fruits are now bearing fruit by increasing the rate of its economic participation, whether it is a worker or a businesswoman.
Social insurance: 3 conditions for the payment of a non-occupational disability pension
31/10/2022
During a meeting organized by the Asharqia Chamber
Social insurance: 3 conditions for the payment of a non-occupational disability pension
On Sunday, October 30, 2022, the Asharqia Chamber represented by the Women Empowerment Center organized a meeting to review the social insurance systems.
During the meeting, which was held via the zoom platform, Khaled bin Turki Al-Turki, Private Sector Relations Officer at the General Organization for Social Insurance, said that the social insurance system represents a form of social solidarity provided by society to its citizens, as it is based on the care of workers subject to the system to provide them and their families with a decent life after leaving them. Work due to retirement, disability, or death, as well as medical care for people with work injuries or occupational diseases, and the necessary compensation in the event of an occupational disability or death.
Regarding the conditions for disbursing the non-occupational disability pension, he said that the contributor is considered disabled when it is impossible for him, due to his health condition, to earn a wage equal to at least one-third of his previous wage and that the state of his disability continues for 6 months or more. (60) to be on the job subject to the scheme, and have a contribution period of no less than (12) continuous months or (18) intermittent months. The actual period of his subscription is (120) months or more or (60) months by adding a nominal period, provided that the state of disability is proven by the competent medical committees within a maximum of (18) months from the date of the end of the subscription period.
As for the optional subscription, Al-Turki clarified that the subscriber may request to modify the income bracket he has chosen directly to the higher bracket, and he may also modify the income bracket to any lower bracket, and the contributor may also request to stop his subscription to the system, where the suspension is effective as of The first of the month following the month from which he wishes to stop his subscription or from the date on which he stopped paying the subscription.
Al-Turki referred to the (Sand) program, which is the insurance system against unemployment, which aims to take care of the Saudi worker and his family during his period of unemployment. The system - which is one of the branches of the social insurance system - works to bridge the transitional gap between the previous job and the opportunity to obtain a new job for employees The private sector and the government sector are covered by the social insurance system lost their jobs for reasons beyond their control by providing a monthly source of income for the unemployed, providing training and assistance in searching for work.
Asharqia Chamber concludes "Jobs 2022" by attracting about 22,000 job applicants
30/10/2022
It was sponsored by the Prince of the Eastern Province and provided 5,000 jobs in 120 companies
Asharqia Chamber concludes "Jobs 2022" by attracting about 22,000 job applicants
On Thursday, October 27, the Asharqia Chamber concluded the eighth edition of its employment fair “Jobs 2022 AD”, which was inaugurated by His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and provided about 5,000 jobs in 120 companies, and attracted nearly 22,000 young people. And young women in the eastern region in various professional and cognitive disciplines.
The exhibition, which witnessed a large turnout over four consecutive days, from male and female job seekers, and a remarkable presence from government and private agencies, officials and employment experts from various parties and those interested in the employment sector, was able to achieve its objectives by keeping pace with the state of a large expansion in the volume and diversity of business witnessed in the region in particular. And the Kingdom in general in the various sectors of the national economy, by providing a workforce of the people of the area enjoying a high and distinguished level of skill and productivity.
A platform to support localization
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, noted the success of the exhibition in keeping pace with the state of momentum witnessed by the national economy, and that it would provide the private sector with qualified Saudi cadres of young men and women in the region with high qualifications and diverse professional skills in all disciplines.
He pointed out that the exhibition was an opportunity for new graduates and experienced job seekers to market themselves, show their skills in front of the participating establishments, compete for the offered jobs as potential candidates to work for these establishments and support Emiratisation orientations.
Al-Raziza pointed out that the exhibition constituted a platform on the ground for a direct meeting between job seekers and employment officials in various companies, as well as meeting with participants from specialists in the field of human resources, training, and rehabilitation to explore the services they provide, whether for participating establishments, visitors, or job seekers, young men and women of children The Eastern Region, pointing out that it has opened a wide field for talented people from the region who are looking for different job opportunities through which they highlight their energy, achieve their aspirations and support the renaissance and development options for the region and the country.
Dedicate a day for young women
Yesterday, Thursday, the exhibition witnessed the reception of female job applicants who competed for a wide range of jobs offered in several administrative and technical fields, which were presented by more than 70 companies inside the exhibition and aimed at attracting the expertise and competencies of women. A full day has been allocated for female job seekers, as the demand by companies to hire qualified women is increasing, and on the other hand, the steady increase by those wishing to obtain a job opportunity, noting that the national women's forces have become influential and effective in the local labor market and are proving day after day. Its ability to work and produce in all disciplines.
Distinguished participation from all sides
The exhibition had the participation of the Ministry of Human Resources and Social Development, the Human Resources Development Fund "Hadaf" and the SABIC Initiative to Empower the Kingdom's Vision 2030, as well as the city of "NEOM", which participated in the exhibition as a strategic partner through a major platform that welcomed many young men and women wishing to work to participate in the exhibition. Its giant projects, such as The Line City, Oxagon, and Trogina, as well as Saudi Aramco, which participated in more than one exhibition platform as well as its contractors, and provided jobs in its various operational activities, and other multidisciplinary companies in sectors such as oil and gas, construction, construction, and technology. And technology, as well as industry, sales, administrative and accounting work, medical and agricultural services, which provided a large package of diverse jobs, as well as leading international companies serving a wide range of construction and oil fields, who participated in the first time in the exhibition and wished to attract cadres from the people of the Eastern Province.
The added value within the company
Employment officials in the exhibiting companies described the exhibition as an important opportunity to attract qualified human resources in the various sectors in which they work, and that the elements interviewed or selected, whether young men or women are distinguished by the diversity of their skills and their ability to create added value within companies, stressing that These people will receive a great deal of training and rehabilitation during the coming period to adapt to the nature of the company's work, and then support its existing and plans and objectives, expressing their thanks to the Asharqia Chamber for the exhibition and their appreciation for the efforts that made the exhibition successful and benefit everyone, whether from job seekers or job providers.
The "Jobs 2022" exhibition ... continues to receive job seekers from the Eastern youth
27/10/2022
A unique platform for companies to communicate with the best-qualified cadres in various fields
The "Jobs 2022" exhibition ... continues to receive job seekers from the Eastern youth
The Job Fair 2022, which is organized by the Asharqia Chamber, continues to receive job seekers from the youth of the eastern region since its launch last Monday on the land of the Dhahran International Exhibitions Company "Expo", Dammam-Khobar Coastal Road, inaugurated by His Highness the Prince of the Eastern Province and continues until Thursday, October 27, which is the day allotted To receive female job applicants wishing to apply and to meet the recruitment officials of the exhibiting companies.
An important channel for job seekers
The exhibition, which is witnessing a remarkable turnout from all groups, targets male and female job seekers in identifying vacancies in the leading companies in the Saudi labor market, such as Aramco, NEOM, King Salman Energy City, and many other companies in many sectors, as well as helping them To develop their knowledge skills according to the needs of companies, as well as to learn about the training courses and professional development programs offered by the participating government and private agencies, which would encourage them to positively engage in the labor market.
The exhibition constitutes an important channel for job seekers and opens the way for competencies who are looking for job opportunities through which they highlight their energy, achieve their aspirations, and support development options. The exhibition provides about 120 governmental and non-governmental companies and agencies concerned with the development of human resources the possibility of direct communication with the best-qualified cadres from the eastern region in all fields and sectors and attract what suits them according to their work needs, and achieves direct meeting with the competencies and identifying their skills and experiences.
Technology Employment
The Asharqia Chamber, through its eighth edition of the Job Fair 2022 AD, has developed a new way to facilitate job applicants and to meet face-to-face employment officials in companies, by providing job seekers through the exhibition with an electronic registration service that enables them to enter directly to the exhibition without the need for attendance registration; Beneficiaries can register electronically in the exhibition through the registration icon on the exhibition’s website, and upload the required papers. Thus, job seekers do not have to bring a CV or photocopies of it to present to the exhibiting companies, as all the information of the job applicant available in their CV will be On the site and companies can view it directly.
Sector Diversity
The local and international companies participating in the exhibition provided various packages of jobs in various disciplines, ranging from engineering, administrative, medical, technical, sales, accounting, and many other professional disciplines, for example, but not limited to, the company "NEOM" that participated in the exhibition as a strategic partner. It receives job seekers from professional competencies to participate in its giant projects, such as, "The Line", "Octagon", and "Trogina", And in many fields, especially technology and technology, including Saudi Aramco, which participates in the exhibition with more than one display platform, and offers several jobs in its various activities, and several other companies specialized in the oil and gas, contracting, industry and sales sectors, offering a variety of jobs in areas related to Environmental and agricultural engineering, waste engineering, exploration and evaluation of groundwater, as well as several diverse administrative functions from secretarial and public relations, as well as leading international companies in the contracting industry serving a wide range of construction, oil, gas, and energy sectors, who participated for the first time in the exhibition and wish to attract cadres Saudi Arabia of engineers, procurement and facilities management specialists.
Participation more than once in the exhibition
Many other companies view the exhibition as an opportunity to attract qualified Saudi human resources, which necessitates them to participate more than once in the exhibition. It points out that the exhibition represents an opportunity for their companies to attract Saudi competencies to support their business, and that over the previous participations, their companies were able to attract many talents, who practice their business today and achieve success and become an influential elements and an active partner in their companies’ path of growth and development.
On Tuesday, the exhibition witnessed the visit of a delegation from the region’s Youth Council, who expressed their admiration for the exhibition in terms of organization and coordination, and the technical advantages it offers in how to register and meet with recruitment officials in companies, and stressed the importance of the exhibition in employing qualified human cadres in the private sector. It is a good opportunity for young men and women job seekers in the region, as it brings together dozens of companies in one place.
Diversity of opportunities and a distinguished organization in the eighth season of a job fair
27/10/2022
It continues until next Thursday and provides about 5,000 jobs
Diversity of opportunities and a distinguished organization in the eighth season of a job fair
From Dammam, Qatif, Khobar, Al-Ahsa, and other governorates of the Eastern Province, hundreds of job seekers of different educational and professional specializations flocked on the first day of the employment fair organized by the Asharqia Chamber and inaugurated by His Highness, Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, on Sunday and continue. Until Thursday, October 27, and in its eighth edition, it aims to employ about (5000) young men and women in the eastern region in about (120) companies in the business sector,
The objectives of the exhibition are in line with the Kingdom’s vision 2030, to increase the rates of localization of jobs in private sector establishments, by providing a workforce with a distinguished level of skill and productivity, which can keep pace with the state of growth and continued prosperity of the national economy and the great expansion in the volume and diversity of business, which is increasing day after day The Chamber aims for this exhibition to be the best employment option for establishments and job seekers in the Eastern Province.
Recruitment Momentum
The Asharqia Chamber’s initiative to hold employment fairs began in 2013 to reach today the eighth edition, through which employers and human resources, and employment officials can meet and communicate directly with a large number of graduates of all educational disciplines, display available job vacancies and attract the best applicants to work for them, which enhances the position of the national human capital as an active element and a cornerstone of building an integrated national economy.
The exhibition is witnessing a state of employment momentum; It includes dozens of national institutions and companies with diverse specializations, from retail, transportation, logistics, industry, agriculture, energy, information technology, media, contracting, management, accounting work, and many other professional specializations. about it by conducting direct job interviews.
Bonus feature
Many job seekers or visitors to the exhibition expressed the arrangement and coordination that they witness, giving it an added advantage over the rest of the exhibitions in the ease of entering directly to the exhibition and without the need for attendance registration, as well as ease of roaming and access to companies and national commercial establishments offering jobs, in addition to permanent assistance upon request provided by it. Supervisors and volunteers serve visitors and facilitate direct access to the desired information.
Diversity in fields
By surveying the opinions of a random sample of job seekers of different educational and professional specializations, who flocked to the exhibition on its first day, they confirmed that the exhibition is like an “employment marathon.” A graduate of the College of Architecture and Planning, Department of Building Science and Technology at Imam Abdul Rahman bin Faisal University says, He is a recent graduate and was waiting for the employment fair to search through him for the appropriate company that he could join and start his career with, noting that he had conducted more than one interview with recruitment officials in companies at the fair and that he was choosing between the offers presented to him.
No printed CV
In the opinion of a graduate of the College of Computer Science and Information Technology, from the same university, he did not resort to printing his CV for more than one copy, as in the past, during this exhibition. The registration was electronically through the exhibition’s website, saying: (I uploaded my CV electronically and wrote all the requirements), so I did not bring the CV and print it into copies to present to the existing companies, as all my information in the CV was on the website, and during my interviews with About three companies, the recruiter was looking at my resume directly in front of him.
While a graduate of Jubail Industrial College praised the organization of the exhibition and the diversity of companies and jobs offered, which provided him with many employment opportunities to choose between companies, saying: He had previously worked in an industrial company and would like to gain other experiences in his field of specialization. By moving to a new company through which he can develop his professional expertise and acquire new skills in his field of specialization, which is the reason for his coming to the exhibition.
jobs for people with disabilities
The exhibition included nearly 20 companies that provided hundreds of jobs in engineering, administrative, medical, technical, and other jobs for groups of people with disabilities, which are commensurate with their capabilities and abilities to reinvest their abilities and empower them, to have an active and influential role in the national economic system and the steady growth and development in various sectors and needs To all working national hands to participate in his development and renaissance process that he is experiencing today in light of the 2030 vision.
Asharqia Chamber’s interest in the category of people with disabilities is due to its firm conviction of the importance of supporting people with disabilities in finding job opportunities suitable for their qualifications and abilities, and its belief that young people with disabilities are capable of being productive just like others. This is confirmed by the Chairman of the Asharqia Chamber, Bandar bin Suleiman Al-Raziza, during his interview with the exhibition, that young people with disabilities can participate and be an active and influential element in the work process of companies, and that the state has given them all the rights and benefits of other workers stipulated in the Labor Law or its Executive Regulations. Or in the regulation of work organization for the facility, the Asharqia Chamber created many programs and signed several agreements to support people with disabilities and provide them with new job opportunities in the business sector.
Al-Raziza affirms that the exhibition is a great opportunity for young men and women and people with disabilities who wish to work with companies in multiple productive sectors, as well as with all government employment agencies and participants from specialists in the field of human resources, training and rehabilitation, meet to present their services to participating establishments, visitors and job seekers, calling on all The youth of the region should take advantage of this opportunity and attend the exhibition and realize the jobs offered by the major companies in the region and the Kingdom.
The Prince of Eastern Province sponsors the launch of the "Jobs 2022" exhibition
23/10/2022
The Prince of Eastern Province sponsors the launch of the "Jobs 2022" exhibition
Organized by the Asharqia Chamber with the participation of major companies and private sector institutions
5000 thousand jobs provided by 120 companies for men, women, and people with disabilities within 4 days
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, on Monday, October 24, 2022, sponsors the launch of the "Jobs 2022" exhibition, which is launched by the Asharqia Chamber represented by the Employment Center and will continue until Thursday, October 27, 2022, on the land of the Dhahran International Exhibition Company "Dhahran Expo" in Al Rakah.
The exhibition will receive job applicants today, Monday, October 24, 2022 - for men - from 4 pm to 8 pm.
It will also open its doors on Tuesday, October 25, 2022 - which is reserved for men - in two shifts, in the morning period from 10 am to 2 pm, and the evening period from 4 pm to 8 pm.
On Wednesday, October 26, 2022 - allotted for men - it receives applicants in the morning period from 10 am to 2 pm, and in the evening period from 4 pm to 8 pm.
On Thursday, October 27, 2022 - allotted for women - it receives applicants in the morning period from 10 am to 2 pm, and in the evening period from 4 pm to 8 pm.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, valued the patronage of His Highness the Governor of the region for the exhibition, stressing that it represents great support for this event, and is one of the incentives for the Asharqia Chamber for more initiatives in this regard. He noted His Highness' constant keenness to support the Chamber's programs, activities, and events directed at the business sector and to enhance its efforts in the various Saudisation tracks.
Al-Raziza explained that about 120 facilities participating in the exhibition, offering more than 5,000 job opportunities in various disciplines directed at men and women, in addition to the category of people with disabilities, pointing out that the exhibition constitutes an important platform and a valuable opportunity for job seekers of national competencies, who are looking for job opportunities that stand out. Through it, its energies and capabilities in various sectors, referring to the most prominent supporting bodies and participation in the exhibition, represented by the Ministry of Human Resources and Social Development, the Human Resources Development Fund "Hadaf" and the SABIC Initiative to Empower Vision 2030, NEOM, and Saudi Aramco.
He also said that the exhibition in its ninth edition comes at a time when national competencies of both sexes continued to record successes in the field of work, as a result of the great support directed to them by the wise leadership, and the confidence that was embodied in a number of initiatives that contributed to increasing their participation in national development. He explained that the exhibition aims to support efforts to localize jobs in the private sector, and highlight the role of this sector in attracting national talent, providing job opportunities for Saudi youth, and achieving communication between the business sector on the one hand, and providers of training and employment services and specialists in human resource management and employment on the other hand, and between these parties and between job seekers from a third party.
Al-Raziza believes that the importance of the exhibition appears in three basic aspects. The first aspect is the companies that wish to benefit from the services of qualified national competencies, while the second aspect comes within the framework of benefiting the scientifically and practically qualified youth, as the exhibition provides them with several options to apply their information and expertise. The exhibition constitutes a channel for national competencies who are looking for job opportunities through which they highlight their energy, achieve their personal aspirations and support the development options of the country in general. As for the third aspect, it is represented in the intermediary agencies that train, educate, qualify and coordinate the contractual relationship between the two parties (work students and companies).
The Chamber’s Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, said that the exhibition aims to achieve communication between the business sector on the one hand, and providers of training and employment services and specialists in human resources management and employment on the other hand, and between these parties and job seekers on the third, as it participates in the exhibition a number of companies and institutions, along with a number of government and private agencies, pointing to the great participation that the previous editions of the exhibition enjoyed by male and female job seekers from national cadres, which confirms their keenness to search for opportunities appropriate to their capabilities and commensurate with their high aspirations.
He explained that the Asharqia Chamber will show this version of the exhibition with modern and diverse technical capabilities so that it is easier for job seekers of both sexes to search for job opportunities and register among those who apply for them, expressing his hope that the jobs exhibition will contribute to achieving the success achieved by the previous versions, which contributed to the employment of many From national energies in various work positions in companies and private institutions.
Asharqia Chamber provided the exhibition applicants with an electronic registration service, which enables them to enter directly into the exhibition without the need for attendance registration.
The beneficiaries - male and female job applicants - can register electronically in the exhibition through the registration icon on the exhibition website, and upload the requirements. Thus, he does not have to bring the CV, print it or copy it to copies to be submitted to the existing companies, as all his information in the CV will be on The site can be viewed by companies directly.
“Training Forum in the Light of Digital Transformation” monitors future milestones in human development
20/10/2022
Organized by the Asharqia Chamber under the auspices of the Prince of Eastern next November
"Training Forum in the Light of Digital Transformation" monitors future milestones in human development
The (Training in light of digital transformation) forum, organized by the Chamber on Wednesday, November 9, 2022, will discuss several themes, most notably (investment and digital transformation in the development of training), It addresses the issue of human resources development and measuring the return on investment on facilities, modern technologies and their role in the training process, the role of digital transformation in building future skills, and the role of development in empowering leaders and building leadership competencies.
This was explained by the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, adding that the forum, under the axis (training platforms in the Saudi market), will address the role of these platforms in meeting training needs, and their impact on the quality of the training process and trainees, with the opportunity to provide models for training platforms. In the Saudi market, with an attempt to answer a question that seems very important, which is: "The role of private training in crisis management, does it continue or does it stop", in conjunction with the emergency that passed through the general situation in the Kingdom due to the Corona pandemic.
According to Al-Raziza, the forum seeks to monitor successful experiences in the issue of training, by examining the experience of specialized academies in the Saudi market and trying to monitor their contribution to meeting training needs, while addressing the challenges they face in this way.
Al-Raziza valued His Highness, The Prince of the Eastern Province, for his patronage of the forum, stressing the support of the rational government - represented by His Highness - for the activities and bids of the private sector, the main partner in the development witnessed by our beloved country. He added that the participation of His Excellency Dr. Al-Fuhaid in the forum confirms this trend and supports the special importance of the issue of developing National human resources, on which the state relies in implementing its development plans, and at the same time emphasizes the keenness of the wise government, may God preserve it, to upgrade the capabilities of national cadres, qualify them and provide them with the most important sciences, knowledge, and skills.
Al-Raziza pointed out that the forum is witnessing the participation of experts and specialists in the field of training, rehabilitation, and consultancy, and representatives of government and private agencies.
The Chairman of Asharqia Chamber: The national strategy for the industry is a new turning point in the sustainability of the sector and the promotion of its growth
19/10/2022
The Chairman of Asharqia Chamber: The national strategy for the industry is a new turning point in the sustainability of the sector and the promotion of its growth
The Chairman of Asharqia Chamber Badr bin Suleiman Al-Raziza said that the national strategy for the industry, which was announced on Tuesday, October 18, 2022 AD, by His Highness the Crown Prince and Prime Minister, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, increases the flexibility and competitiveness of the industrial sector and gives it additional spaces to harmonize industrial trends. It also constitutes a new turning point in the sector’s sustainability process, promoting its investment growth, and an additional impetus to the Kingdom’s Vision 2030, as it paves the way for more than 800 investment opportunities worth one trillion riyals.
Al-Raziza stressed that the strategy is a launch for a new era in the industrial sector in which the private sector is working towards a broader and larger partnership in building a vibrant and sustainable economy, extending his thanks and appreciation and all industrial investors to His Highness the Crown Prince for launching this industrial strategy and other programs and independent ministerial entities and stimulating initiatives The industrial sector, which resulted in significant growth of the industrial sector in the Kingdom, both in terms of the number of factories, which amounted to more than ten thousand factories until this year, or in terms of its contribution to the gross domestic product of nearly 340 billion riyals.
Al-Raziza indicated that targeting the strategy to bring the number of the Kingdom’s factories to 36,000 by 2035 AD, which means doubling their number by more than 3 times the number of factories currently, which represents a great opportunity for the business sector that requires working to direct part of its strategic plans to expand in the areas of investment Multiple industrial sectors, in response to the expected needs, pointing out that the strategy, including the formation of a higher committee for industry and a council for the industry with the participation of the private sector, supports the vision’s aspirations to achieve economic diversification and increase the proportion of the industrial sector in the GDP, as well as open the way for industrial investors to be involved in policy development processes And making decisions that positively benefit the industry in the Kingdom.
Al-Raziza explained the importance of expanding the industrial sectors in the country, as it provides strong support for the national economy, and maximizes its global presence, in addition to the many investment options it includes, characterized by its rapid ability to grow, noting that the industrial sector, with its diversity and as the locomotive of economic and social development, is An essential pillar in supporting our national choices by diversifying the sources of the national economy and achieving our development goals by Vision 2030.
More than 5,000 jobs are offered by nearly 120 participating establishments in the 2022 Job Fair
19/10/2022
More than 5,000 jobs are offered by nearly 120 participating establishments in the 2022 Job Fair
About 120 establishments participating in the Job Fair 2022, offer more than 5,000 job opportunities in various specialties directed to men and women, in addition to the category of people with disabilities.
The exhibition, which is being held by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, during the period from 24 to 27 October 2022, at the Dhahran International Exhibition Center "Dhahran Expo" in Al Rakah, aims to support efforts to localize jobs in the private sector and to highlight the role of the private sector. Business in attracting national talent, providing job opportunities for Saudi youth, and increasing Saudization rates according to the objectives of the Kingdom’s Vision 2030.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Sulaiman Al-Raziza, stressed that the 2022 Careers Fair constitutes an important platform and a valuable opportunity for job seekers from national competencies, who are looking for job opportunities through which their energies and potentials in various sectors emerge.
Al-Raziza said that the exhibition aims to achieve communication between the business sector on the one hand, and providers of training and employment services and specialists in human resource management and employment on the other hand, and between these parties and job seekers on the third hand, where several companies and institutions participate in the exhibition, with several Governmental and private agencies, pointing to the large participation that the previous editions of the exhibition enjoyed by male and female job seekers from national cadres, which confirms their keenness to search for opportunities appropriate to their capabilities and commensurate with their high aspirations.
Al-Raziza explained that the Asharqia Chamber will show this version of the exhibition with modern and diverse technical capabilities, so that it is easier for job seekers of both sexes to search for job opportunities and register among those applying for them, expressing his hope that the job fair will contribute to achieving the success achieved by the previous versions, which contributed to the employment of Many national energies in various work positions in companies and private institutions.
It is noteworthy that the importance of the exhibition appears in three basic aspects, where the first aspect is represented by companies facing the challenge of providing qualified human capabilities, while the second aspect comes within the framework of benefiting the qualified young man scientifically and practically, as the exhibition provides them with several options to apply his knowledge and experience, and the third aspect is represented in Intermediary bodies that train, educate, qualify and coordinate the relationship between the worker and the job seeker.
A cooperation agreement between Asharqia Chamber and the Business Family House Company to support the family business sector
13/10/2022
A workshop to explore opportunities to empower women on boards of directors
A cooperation agreement between Asharqia Chamber and the Business Family House Company to support the family business sector
Yesterday, Thursday, October 13, 2022, the Asharqia Chamber signed a cooperation agreement with the Business Family House Company for Management Consulting aimed at promoting joint work to support the family business sector by organizing programs, workshops, and events that would contribute to raising awareness and developing companies in the Eastern Province.
The agreement was signed in the presence of the Chamber’s Chairman of the Board, Badr bin Sulaiman Al-Raziza, the founding partner of the Business Family House Company, Dr. Lama Al-Sulaiman, and the two members of the Chamber’s Board of Directors, Nouf bint Abdulaziz Al-Turki and Agharid bint Ihsan Abdul-Jawad, where the Chamber was represented in the signing ceremony by Secretary-General Abdul Rahman bin Abdullah Al-Wabil, as was her. From the home of the business family, the managing partner is Dr. Hanouf bint Abdul Razzaq Abu Khdeir.
Al-Raziza confirmed that the agreement comes within the Chamber's endeavors to support the family business sector, as the Chamber works to organize workshops and training programs in which it hosts academics and specialists, which review ways and steps to activate the empowerment of women in the boards of directors of family businesses.
In the same context, the Chamber, in cooperation with the Business Family House Company, organized a workshop entitled: Empowerment of Women in Family Businesses, with the participation of 35 women belonging to major business houses and family businesses, and aims to research what women can offer in family businesses and to understand more about the impact of the renaissance changes taking place on the Raising the percentage of its participation to reach leadership positions in it.
The workshop was presented by the founding partner of the Family Business House Company, Dr. Lama Al-Sulaiman. The workshop dealt with the role of women in family businesses and the challenges they face, in addition to the role of the National Center for Family Enterprises in empowering women.
At the beginning of the workshop, a member of the Board of Directors, Nouf bint Abdulaziz Al-Turki, explained that over the past years, Saudi women have received great attention from the wise leadership, which allowed them to exercise their role more in the development process, and took many decisions that strengthened and encouraged their role in the labor market. To increase its involvement in the economic work system in general, noting that Saudi women today are playing an important and growing role in the business community, and even the most important figure in the construction equation and the comprehensive development process that our country is waging at all levels.
Al-Turki explained that although the percentage of women’s participation to reach leadership positions in family businesses is still in the early stages, which is not commensurate with the high competencies that they now possess and the wide and influential role they have taken on, there are several indicators of the growth of their future roles in them, which is If we consider the total number of opportunities and legislation that currently exist and the successes they have achieved, including those who have reached leadership positions in their family businesses.
The Chamber receives a German trade delegation discussing partnerships in petrochemicals and hydrogen transformation
13/10/2022
The Chamber receives a German trade delegation discussing partnerships in petrochemicals and hydrogen transformation
Asharqia Chamber held a meeting on Wednesday morning, October 12, 2022, with a German trade delegation headed by a member of the Board of Directors, Nouf bint Abdulaziz Al-Turki, at the Chamber's headquarters.
During the meeting, which was attended by the head of the German delegation, Deputy German Trade Commissioner in the Kingdom, Sherine Fakosa, Al-Turki said that such meetings enhance communication opportunities and open horizons of knowledge for the private sector in the two countries and give impetus to opportunities for trade, technology, innovation, and mutual investment, noting that the Kingdom has economic relations with Germany. And Germany came in the 38th place in terms of the ranking of countries to which the Kingdom exports in 2021, with exports worth about 2.015 billion riyals in 2021, an increase of 334 million riyals, equivalent to an increase of 19.9% from 2020.
In the meeting, which was attended by Board Member Muhammad bin Ali Almajdouie, Secretary General Abdul Rahman bin Abdullah Al-Wabel and a large number of investors, Al-Turki indicated that there are positive developments in the rates of trade exchange between the two countries, which rose in 2021 to 5.46%, stressing the two countries' keenness to Improving economic relations and seizing trade and investment opportunities. Last September, the Kingdom received German Chancellor Olaf Schultz, which indicates broader horizons of cooperation between the private sector in the two countries and more mutual investment opportunities, supported by the strong and steadily growing economy that the Kingdom is witnessing, according to the Saudi Press Agency. The ambitious 2030 vision, aims to diversify the base of the national economy by making optimal use of the available resources, in addition to what distinguishes "Germany" from owning a huge industrial structure in which the main industries are diversified.
It also indicated that this escalating movement and the increasing keenness on the part of the governments of the two countries to improve economic and trade relations between the Kingdom and Germany, enhance the volume of trade exchange, and support the establishment of joint projects in many sectors, especially the petrochemical sector and the hydrogen transformation, for which the Kingdom allocated a huge budget, and encouraged The participation of investors in it, and it supported the establishment of foreign partnerships to find new projects in these vital areas.
An invitation to the Chamber's subscribers to benefit from the "Taqdeer" program, which offers benefits and discounts to subscribers
12/10/2022
An invitation to the Chamber's subscribers to benefit from the "Taqdeer" program, which offers benefits and discounts to subscribers
The number of partners for the loyalty program "Taqdeer", launched by Asharqia Chamber, has increased to 160, offering offers and discounts to the Chamber's subscribers and employees.
The Chamber continues to issue free Taqdeer electronic cards to its subscribers through the Chamber's electronic portal, which qualifies those who hold them to benefit from discounts and reductions in many stores, markets, and specialized companies.
The Chamber's Board Chairman, Badr bin Suleiman Al-Raziza, said that the Chamber aimed, by launching this program, to find useful links between business sector institutions, to activate business, and provide special services and benefits to the Chamber's subscribers. He pointed out that many distinguished partners have been attracted from several sectors and activities, most notably travel, tourism, hospitality, entertainment, and the logistics sector, as well as the health and commercial sector in general, pointing out that efforts are continuing to attract many new partners.
Al-Raziza pointed out that these participating activities have become eligible for the growth of their commercial activity due to the role of the Taqdeer program in raising the rates of new customers for the participating partners, which means increasing opportunities for private sector institutions, and small and medium enterprises in particular, as well as monitoring new job opportunities for young people. Qualified Saudis, are closely related to an increase in the area of economic activity.
Al-Raziza urged the Chamber's subscribers to the importance of taking advantage of the features and benefits offered by the program, noting the importance of obtaining them through the digital portal of the Asharqia Chamber, which allows obtaining the digital card for free and according to easy procedures.
Asharqia Chamber reviews the business model for commercial projects in Khafji
12/10/2022
Asharqia Chamber reviews the business model for commercial projects in Khafji
Asharqia Chamber, represented by the Women's Empowerment Center in its branch in Al-Khafji Governorate, organized on Tuesday evening, October 11, 2022, a workshop entitled "The Business Model for Business Projects" presented by the trainer in the field of entrepreneurship, Rana bint Muhammad Al-Maghamis.
Al-Maghamis talked about the importance of the business model as a tool for project analysis and the usefulness of this tool in making development decisions, as it is an essential reason for the success of the company’s work and achieving its goals, as the company relies on it to reach the desired financial and non-financial goals. The business model of any facility does it as a business plan model to make users interested in that facility and repeat its use. It is related to the benefit derived from the proposed solution according to a specific business model associated with the company.
She also referred to what the business model offers as a mechanism of integration between all requirements, as it is the comprehensive component of all parts related to achieving the company's goals, and changing the situation from loss to achieving profits by identifying the customer segment, targeting them and reaching them in the appropriate ways.
Al-Maghamis indicated that the business model includes various factors that guarantee the success of the project if it is carefully formulated according to market requirements and challenges, or vice versa if all aspects are ignored, such as the marketing mix, the mechanism of targeting the customer through price and product analysis, and the study of internal strengths and weaknesses. The project points out that the types of the business model vary according to the projects of investors, pioneers, and entrepreneurs, and the business plan model varies according to the project to keep pace with the project model that has been approved.
Al-Khafji Municipality and the Business Council are reviewing investment opportunities in the province
11/10/2022
Al-Khafji Municipality and the Business Council are reviewing investment opportunities in the province
The Mayor of Al-Khafji Municipality, Eng. Muhammad bin Hizam Al-Hamidani, met Monday, October 10, 2022, with the Business Council in the Eastern Chamber branch in the governorate headed by Marzouq Al-Balawi. The meeting reviewed the promising investment opportunities in Al-Khafji and discussed several challenges facing the business sector and proposed solutions to them.
Al-Hamidani explained, during which was held at the governorate headquarters, that the meeting comes within the framework of the municipality's initiatives for social communication, and in support of cooperation with the Asharqia Chamber represented by the Business Council in Khafji, noting that the meeting discussed ways to support plans that contribute to development programs, develop the economic sector and improve services and quality of life in Al-Khafji Governorate, stressing the importance of the role of the Business Council by providing the best services and projects to raise the level of the financial and business sector and the commercial movement in general in the governorate.
Al-Hamidani stressed that the municipality is continuing to develop and launch investment projects in Al-Khafji Governorate to meet the development requirements and the needs of the people and in line with the municipality's initiatives to achieve the objectives of developing municipal investments and supporting its revenues.
For his part, Al-Balawi said that the meeting comes within several meetings of the council with the municipality, in addition to all relevant authorities in developing the governorate through investment opportunities that would improve the governorate's services.
Al Balawi explained that within its plan for this year, the Council will continue to meet with officials and specialists in all relevant areas to work to provide what is required of it towards the governorate and contribute to its development and support its business sector so that it can provide hope.
"Dulani" newsletter, which specialized in entrepreneurship, highlights the most important developments and the most important investment destinations
11/10/2022
Asharqia Chamber issued a new issue dealing with green economy opportunities
"Dulani" newsletter, which specialized in entrepreneurship, highlights the most important developments and the most important investment destinations
The "Dulani" bulletin, specialized in entrepreneurship, issued by the Department of Media and Corporate Communication at Asharqia Chamber, in its latest issue (39), monitored several developments that reflect the reality of "entrepreneurship" in the Kingdom, including the impact of increasing the number of small and medium enterprises, and it monitored some official and civil initiatives supporting this. Orientations such as the initiatives of the Ministry of Education to support innovation, the Prince Abdul-Ilah bin Abdulaziz Prize for Productive Families, and others, led to the achievement of global achievements that are credited to the Kingdom at the global level.
The bulletin, under the title (Green Investments and a Promising Destination for Entrepreneurs), deals with environmentally friendly projects, as one of the new models of fast-growing economic development available to entrepreneurs, and which is based mainly on good knowledge of the environment, which is called the green economy, which is estimated at around $8 trillion globally. It is expected to reach $12 trillion by 2030, as the global trend is now more compatible with environmental initiatives, as 31% of the revenues of the largest 1200 global companies in 2019 came from the green economy, and green debt issuances in the Middle East and North Africa It amounted to $6.4 billion in the first half of 2021, noting, in this regard, the initiative of the Public Investment Fund to issue green bonds that are allocated to finance environment and climate projects, and the Solar Energy Plan 2030, which included the establishment of a new company to generate solar energy, and other companies specialized in research and development Solar energy in commercial quantities in the Kingdom... to confirm that the green economy - in the Kingdom - is a fertile field for entrepreneurs, as many projects can be established in the Kingdom. Its framework includes treatment and recycling projects, the use of renewable energy, and the production of electricity from solar and wind energy, and others.
As part of the process of monitoring developments in the general situation of entrepreneurship in the Kingdom, and under the title (Courses for Entrepreneurship in 80% of the Kingdom’s Universities), the bulletin stated that the Kingdom ranked first among the twenty countries, in the indicators of entrepreneurs’ response to the Corona pandemic, and the government response to deal with The pandemic is among 45 countries, as well as the second place in the number of startups, and the third place in youth entrepreneurship for the current year.
This is based on several factors, most notably the programs to support and develop the innovation and entrepreneurship system in various areas offered by the Ministry of Education, through the introduction of several initiatives that support innovation and enhance entrepreneurial resilience, including the entrepreneurship initiative. and study the reality of innovation and entrepreneurship, and the challenge of university innovation for sustainable development Innovation and Entrepreneurship Centres ", as well as the Leadership University Transformation Initiative and the Entrepreneurship Development Initiative to introduce qualitative courses specializing in entrepreneurship within university education as well as organizing several specialized workshops to lead innovation and entrepreneurship centers. She noted that entrepreneurship courses have become an educational subject in 80% of Saudi universities through 47 innovation and entrepreneurship centers.
The bulletin monitored some features of the pilot Salem bin Nasser Al Khalidi's experience Since graduating from the Faculty of Engineering and Technology at the University of Nevada and joining Saudi Aramco as a project engineer and then Anifester of America as Business Development Manager until he left the job and moved into self-employment. Al-Khalidi asserted that the path to success was not easy, but the most important factor in his success was to encourage parents to stand next to him in the missteps before the successes. Adding that every entrepreneur will go through frustrating difficulties and barriers, this is of the nature of self-employment, but what determines the difference between one entrepreneur and another is the mentality through which these barriers are assessed and addressed.
The bulletin reviewed a recent report issued by the General Authority for Small and Medium Enterprises (Monshaat), which showed the extent of expansion in this sector, as about 181,000 small and medium enterprises entered the local market, and began to practice their activities during the first half of this year, bringing the number of small and medium enterprises to reach We transform 892 thousand establishments, an increase of 25.6% compared to the fourth quarter of 2021. The report pointed out that Saudi women constituted 45% of the total number of startups in the Kingdom, which is double the percentage achieved in 2017.
Al-Moajil: "Small and Medium Enterprises Forum" is an important initiative to enable entrepreneurship
10/10/2022
Al-Moajil: "Small and Medium Enterprises Forum" is an important initiative to enable entrepreneurship
The Chairman of the Asharqia Chamber Business Youth Council, Saad bin Khalid Al-Moajil, described the holding of the "Small and Medium Enterprises Forum", organized by the Asharqia Chamber on Sunday, 27 November 2022, as another step in support of small and medium-sized enterprises, in particular young businesses, and emphasizing their role in the overall development of the Kingdom in the Vision of 2030.
Al-Moajil valued the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, for sponsoring the forum and supporting entrepreneurs, noting the directives of His Highness and His Highness his deputy to support young businessmen and create the best conditions and climates so that this sector is at the forefront of efforts and initiatives to achieve the Kingdom’s vision 2030.
The accelerator described the option of supporting small and medium-sized enterprises and providing more opportunities and areas for young businesses as a "development imperative" adopted by the State and its institutions, to bring this important forum within this context, and in the context of a domestic and international economic movement that supports the role of entrepreneurship and places it among the priorities of economic development and harnesses it the best possible to be an effective figure in development.
He pointed out that the business youth in the Kingdom (and in the eastern region in particular) continue the path of those who preceded them, who have given and achieved great achievements that are referred to as remarkable, including the presence of the Saudi product in various countries of the world, and the presence of the national human element in various work facilities, as well as The remarkable increase in the private sector's contribution to development. All these achievements were a source of pride and pride, and they are what give us business youth another responsibility, which is to continue these bids.
The accelerator also commended the strategic partnership step embodied in the forum between the Sharqiya Chamber on the one hand and the General Authority for Small and Medium Enterprises on the other. In this partnership, it is emphasized that the development process and the sponsorship of SMEs is a shared responsibility of government agencies. (represented by the Authority) and private sector sponsors such as the East Chamber, through which we look forward to the meetings of the Forum and the resulting ideas, recommendations, and proposals that serve the entrepreneurship sector and support the development process.
The meeting, held under the auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The prince of the Eastern Province, discusses three important themes during the first session. "The role of financial technology in the empowerment of SMEs under Vision 2030". "The role of government agencies in supporting the legislative environment of financial technology and the integration of government agencies in facilitating the work of financial technology. The future of financial technology in the Kingdom under the Kingdom's Vision 2030 and the empowerment of SMEs.
The second session, entitled "Diversity of sources of financing and investment for SMEs", examines several issues, including: "Empowering the support agencies for the SME sector in the Kingdom, developing the SME sector. Challenges and solutions for financing and supporting SMEs, the role of financial technology in the rapid growth of SMEs ".
The third session, entitled (The future of the financial technology sector in supporting small and medium enterprises), will discuss the strategy for providing financial products and services to small and medium enterprises, areas and possibilities of financial support for small and medium enterprises, and the role of financial technology in accelerating the growth of small and medium enterprises.
"Hadaf" reviews its programs to support the business sector in Asharqia Chamber
07/10/2022
Tuesday's meeting hosted the director of the fund's branch in the region
"Hadaf" reviews its programs to support the business sector in Asharqia Chamber
The Director of the Human Resources Development Fund "Hadaf" branch in the Eastern Province, Abdulaziz bin Abdulrahman Al-Yousef, affirmed the Fund's keenness to provide programs and initiatives that contribute to supporting the business sector in the region, as well as training, qualifying and employing national cadres of both sexes so that they can perform their roles and contribute to achieving the requirements of the Kingdom's Vision 2030.
Al-Youssef said during the monthly meeting of the business sector organized by the Asharqia Chamber on Tuesday evening, October 4, 2022, in the presence of the Chamber’s president, Badr bin Sulaiman Al-Raziza, that the Fund offers several various programs to support employment and training, to support researchers and job seekers in the private sector, as the Fund bears a percentage of From the employee’s wage, which includes all jobs in the private sector for full-time work and remote work, with additional support for employment in regions and cities with fewer opportunities, the employment of females, people with disabilities, and patients with kidney failure, and for each of these categories a special program of support is carried out according to specific mechanisms.
During the meeting, which was moderated by the Chamber’s Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and attended by a remarkable of the business sector, he explained that the Fund adopts support programs based on a long-term vision that says: “National human resources are initiative and productive,” and carries a message: “Development and development of national human resources from Through effective, high-impact initiatives presented by the company with the main stakeholders in the labor market system.” Therefore, the fund’s activities proceed according to a value system: “focus on results, excellence, transparency, team spirit, speed of delivery, with a focus on the target customer.”
He reviewed some of the Fund's initiatives to support the option of nationalization in the public and private sectors, most notably the National Labor Portal (Taqat) and the National Observatory. The first, he said, is a comprehensive electronic platform for the labor market in the Kingdom that brings together job seekers and business owners, and provides an opportunity to provide exchange employment and training services. Efficiently and effectively to increase the stability and development of the workforce in the local labor market and to contribute to fair job opportunities for all.
Al-Youssef pointed out that all the services and activities of the Fund are carried out through 22 branches throughout the Kingdom, 40 rehabilitation centers, and 7 employment offices (including 3 branches, 9 centers, and one office in the Eastern Province), all of which attract job vacancies, hold employment meetings, and so on.
Half a million family businesses provide 52% of the total private sector jobs
05/10/2022
Half a million family businesses provide 52% of the total private sector jobs
Asharqia Chamber recently issued the thirty-fourth issue of the "Family" bulletin, and the new issue included a special dialogue with the President of the National Center for Family Enterprises, Dr. Ghassan bin Ahmed Al-Sulaiman, who confirmed that the new corporate system will play an important role in providing an incubating and stimulating environment for investment. Enhancing the value of family businesses and increasing their contribution rates to the national economy. Today, many family business owners in the Kingdom are convinced of the idea of the family pact and its role in regulating ownership in the company. He revealed that half a million family businesses are operating in the Saudi market, providing a rate of 52%. of the total jobs provided by the private sector.
The new issue included several analyzes about the sole leader in the family business, whether is it a problem or a solution?, as well as the solutions that the new corporate system presented to the challenges facing family businesses, as well as its review of real experiences of local, regional and global family companies that were able to maintain the sustainability of their businesses through Its generations, such as the experience of Sainsbury's, a British company, has continued its activities since 1869 and is the second largest retail chain of stores in the United Kingdom in size.
The bulletin also included coverage of the most prominent recent studies on family business, as well as reports that deal with the steps of preparing the heir, and coverage of activities related to family businesses such as governance and institutionalization and their interactions locally, regionally, and globally. The National Center for Family Enterprises, in mid-December, at the Chamber's headquarters.
The Chairman of Asharqia Chamber: "Downtown" means more opportunities and empowerment for the private sector
05/10/2022
The Chairman of Asharqia Chamber: "Downtown" means more opportunities and empowerment for the private sector
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, valued the announcement of His Highness the Crown Prince, Prime Minister and Chairman of the Board of Directors of the Public Investment Fund, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, on Monday, 3 October, the launch of the business of "Downtown Saudi Arabia ", in 12 cities of the Kingdom, saying: (It means more opportunities and empowerment for the private sector, whose influential and partner role is increasing day after day in all aspects of the development and renaissance process taking place in the country), and pointed out that the launch of this company's business and the start of implementing Its projects come at a time when the Kingdom is witnessing an expanded economic movement, whether through the implementation of many major economic projects in various regions or the establishment of development bodies in the cities of the Kingdom.
The announced ones, intended to enhance the attractiveness and competitiveness of these cities, accelerate the achievement of their tourism, entertainment, and marketing goals, push more cultural centers and diverse destinations within them, and support the process of transferring expertise and knowledge, as well as developing their infrastructure and providing many job opportunities for their children.
Al-Raziza said that this company is an added value to the urban economy, and it is a promising sector in the Kingdom that is playing an expanded role in supporting the vision’s goals and starting points by making optimal use of the available resources in order to diversify the inputs of the national economy and increase the growth of non-oil domestic product, noting that what was achieved during the period The past in terms of launching projects of all kinds had the most significant impact in the occurrence of fundamental changes that were positively reflected not only on the private sector institutions and its gains, but also on the national economy as a whole, expressing his optimism that the new company would achieve its goals by creating cities with civilized destinations in the Kingdom that would enhance its investment movement It supports improving the quality of life in it, pointing out that the Kingdom is taking a severe steps within the paths drawn by Vision 2030; The aim is to reformulate the national economy according to diversification options, sustainability and optimal utilization of the resources owned by the Kingdom.
A Saudi-Norwegian meeting discusses developing marine business and coastal development opportunities
04/10/2022
The volume of trade between the two countries increased by more than 41 percent in 2021
A Saudi-Norwegian meeting discusses developing marine business and coastal development opportunities
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, met on Tuesday morning, September 27, 2022, with the Ambassador of the Kingdom of Norway to the Kingdom, Thomas Led Bull, where they discussed aspects of joint cooperation.
Ambassador Thomas and Norway's Director of Innovation in the Middle East, Aspen Teksum, headed a Norwegian trade delegation specialized in the maritime sector, in a meeting organized by the Chamber, which included many companies specialized in maritime industries and services, where it witnessed a remarkable presence from the business sector and those interested in the two countries.
During the meeting, which was attended by the Chamber’s Second Vice-President, Mohammed bin Hamad Al-Ammar Al-Khalidi, and the Chamber’s Secretary General, Abdul Rahman bin Abdullah Al-Wabil, Al-Raziza said that such meetings enhance communication opportunities and open up horizons of knowledge for the private sector in the two countries and give additional impetus to trade, technology, innovation and investment opportunities. He stressed that the Kingdom and Norway have strong economic and trade relations, which resulted in an increase in the volume of trade between the two countries, which amounted to about 955.9 million riyals in 2021, recording an increase of 41.7% over the year 2020, which amounted to 674.7 million riyals. 92) in the list of countries to which the Kingdom exported in 2021.
The value of the Kingdom's exports to Norway also recorded an increase in the same year by 59.5 million riyals, or 251%, compared to 2020.
Al-Raziza pointed out that the coming periods will witness a major leap in trade relations between the two countries, especially in light of the common factors and the steps taken by our wise government towards diversifying the economic base within the framework of its Vision 2030, which promotes the generation of a giant economy in various sectors.
Al-Raziza urged the members of the delegation to work on expanding the circles of investment and trade exchange between the private sector companies in both countries. Vision 2030.
For his part, the Norwegian Ambassador to the Kingdom, Thomas Led Bull, expressed his aspiration for further cooperation between the two countries, pointing out that this visit is an incentive to strengthen economic relations in non-traditional sectors.
He pointed out that, in contrast to the remarkable similarities in the main vital economic disciplines of the Kingdom and Norway in the renewable energy and oil and gas sectors, he sees that there are promising opportunities to work together to develop investment in the comparative advantage of the coasts and marine businesses, which is what characterizes the coasts in the Kingdom and Norway, which is the country that It has the second longest coastline in the world.
Review the importance of "credit reports" on the performance of entrepreneurs and financial institutions
04/10/2022
In a public lecture in the Asharqia Chamber held on Monday:
Review the importance of "credit reports" on the performance of entrepreneurs and financial institutions
Specialist Abdullah Al-Masher, head of the corporate system at SIMAH, stressed the importance of credit reports for entrepreneurs, and for financial institutions that support their importance in enhancing the performance of small and medium enterprises in particular, and avoiding many risks. He stressed that the credit report comes in several forms depending on the type of credit and the level of the institution, and it involves It has many advantages that are reflected in entrepreneurs and donor institutions alike.
He said during a lecture held at the Asharqia Chamber on Monday 1 August / 2022 under the title (the importance of the credit report and its role in enhancing access to finance) that credit information is of great importance to enterprises (small and medium ones in particular), as it contributes to creating sustainable development and the advancement of productive activities, It reduces the uncertainty of dealing with small and medium enterprises, and provides financing institutions with an accurate account of credit behavior, and thus contributes to the distribution and diversification of economic activities, and thus stimulates the financing of small and medium enterprises.
Al-Mashar added that credit involves several risks, including the possibility of a loss for the lender through the borrower's failure to pay and fulfill obligations, which confirms the need to assess these risks, which are usually done through several factors, most notably the borrower's credit history. The total debt burden is borne by this borrower, and the debt-to-income ratio of the borrower. The guarantees are provided for financing or the loan.
Hence, the importance of the credit report, which is characterized by several advantages, mentioned by the lecturer and said that they are reflected on the entrepreneur, as it contributes to regulating the pioneer’s financial obligations and financial planning, and grants him the right to see his information with the authorities he dealt with, and to know any change that occurred in it, as well as knowing The status of the secured financing for another person and the extent of his commitment to pay it, ensuring that there is no bounced check registered in his name, and knowing who inquired about his report for the past two years, Al-Mashar added that the credit report is an effective and reliable tool for accessing past and current credit information with credit donors at any time, knowing the credit behavior of the facility with the financing agencies, and contributing to drawing up the business strategy of a leading business enterprise and the financing plan necessary to operate its activities, and enhancing opportunities for obtaining appropriate financing. From financing agencies, speed up the procedures for obtaining financing for your facility.
He pointed out that the benefits of the credit report are not limited to the pioneer only, but are important to the financing bodies, as they contribute to reducing financial risks, building close financing relationships, providing more accuracy in providing appropriate products, and reducing information asymmetries.
He concluded by saying that the credit report is detailed as it comes as a summary and mostly deals with a set of information on the identity of the facility, facilities at the facility level, the distribution of facilities at the risk level, product details, commercial credit products, service product details, accruals and arrears information, information on products Non-performing, bounced check information, enforcement court decisions, a summary of credit products, arrears, and non-performing products.
NEOM is a strategic partner for Job Fair 2022
04/10/2022
Organized by the Asharqia Chamber under the patronage of Prince Saud bin Nayef
NEOM is a strategic partner for Job Fair 2022
On September 2022: Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, NEOM is participating, as a strategic partner, in the eighth edition of the Job Fair 2022 organized by the Asharqia Chamber, represented by the Employment Center, during the period 24-24 October 27, 2022 AD on the grounds of the Dhahran International Exhibition Company (Dhahran Expo) in Rakah.
This strategic partnership comes as part of NEOM's efforts to empower and qualify young Saudi cadres, in addition to attracting professional competencies and the brightest minds to contribute to achieving NEOM's vision, which is witnessing rapid growth and development, and participating in its most prominent projects such as The Line, "Octagon" and "Trogina".
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, stressed that “the presence of NEOM as a strategic partner for the exhibition constitutes a qualitative addition to the efforts made by the Chamber in Emiratisation, in line with the objectives of Vision 2030, and an affirmation of NEOM’s vision in building the human before the place, and to be a platform for innovation, and a living laboratory.” A vibrant experiment that enables entrepreneurs, business leaders, and companies to research, incubate and market new technologies and projects in innovative ways.”
He added that NEOM's major projects and their main economic sectors represent a promising opportunity for Saudi cadres and competencies, which sets a new concept for the disciplines required over the coming years, which supports the Kingdom's directions, and thus supports the exhibition's work.
Al-Raziza said that the eighth edition of the exhibition aims to highlight the role of the business sector in attracting national talent, providing job opportunities for Saudi youth, and achieving communication between the business sector on the one hand, and training and employment service providers and specialists in human resource management and employment on the other hand, and between these parties and the Third-party job seekers. The exhibition also constitutes an important channel for job seekers and opens the way for national competencies who are looking for job opportunities through which they highlight their energy, achieve their aspirations, and support development options.
The exhibition is currently witnessing a remarkable turnout from companies and institutions to participate in the most prominent event in the field of employment in the eastern region, where this version received attention from companies, institutions, government agencies, and the civil society concerned with the development of human resources, which began to reserve its places in the exhibition in preparation for participation.
Workshop on the concept of partnership and the most prominent practices of procurement systems
04/10/2022
Organized by the Asharqia Chamber and the American Trade Office:
Workshop on the concept of partnership and the most prominent practices of procurement systems
Asharqia Chamber witnessed Thursday (9/September/2022) a workshop organized by the Chamber in cooperation with the Commercial Office of the US Consulate General in Dhahran, which dealt with best practices for private sector procurement, during which the US Consul General David Eddington spoke, and was attended by the Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza and the second deputy The Chairman of the Board of Directors Hamad bin Muhammad Al-Ammar Al-Khalidi, the member of the Board, Engineer Abdul Aziz bin Muhammad Al-Othman, and the Secretary General of the Chamber Abdul Rahman bin Abdullah Al-Wabil.
During the workshop, Al-Raziza praised the historical relations between the two countries, as he explained that the United States of America is the largest trading partner of the Kingdom, and one of the most important trading partners of our country. More open and interested in all sectors, especially the health sector, which attaches special importance to the implementation of Vision 2030.
Within this context, Al-Raziza indicated that the Asharqia Chamber, and in the context of its continuous efforts to enhance the economic and development work of the business sector and serve as a platform to enhance communication opportunities and expand investment circles in the eastern region, hosts this workshop to introduce the best practices in government procurement targeting the health sector, that sector which Today, it is witnessing remarkable progress and development at all levels, in light of a program that will target the comprehensive transformation of the sector and its restructuring into a comprehensive, effective and integrated health system.
He expressed his hope that this workshop would fulfill everyone’s aspirations to learn more about the government’s procurement paths in the health sector and our country’s paths towards developing the sector, and what our wise government offers for new projects and the organizational and procedural steps it has taken to achieve the goals of Vision 2030 in this vital sector.
During the workshop, US Consul General David Eddington spoke about the issue of a partnership between the public and private sectors and stressed the importance of enhancing commercial cooperation between the business sectors in the two countries.
Al-Raziza: “Small and Medium Enterprises Forum” seeks to enhance the added values of the national economy
04/10/2022
Al-Raziza: “Small and Medium Enterprises Forum” seeks to enhance the added values of the national economy
The "Small and Medium Enterprises Forum", organized by the Asharqia Chamber on Sunday, November 27, 2022, will discuss several topics that support the Kingdom's general orientation in sponsoring small and medium enterprises, and confirm the centrality of their role in comprehensive development plans, as it is an option to enhance "added values" to the national economy through Before providing goods and services, as well as job opportunities for ambitious Saudi youth, and opening up job prospects for the private sector, which confirms its pivotal participation in comprehensive national development.
The Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza said that the forum, which is being held at the Chamber’s headquarters in Dammam under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and in a strategic partnership with the General Authority for Small and Medium Enterprises (Monsha’at) seeks to transform investment, financing and technology issues Financial, to be major tributaries of development and expansion channels for small and medium enterprises, and this is evident through the axes listed on the agenda at the forum, during which new developments in the care and development of small and medium enterprises are monitored, which are the basis for any economy looking forward to growth and further development such as the national economy, Therefore, it is not surprising that small and medium enterprises are one of the central goals in the Kingdom’s Vision 2030
Al-Raziza adds that the forum, through this edition, seeks to identify the best economic sectors in which small and medium enterprises can invest and support them, by introducing the concept of partnerships and alliances for small and medium enterprises as a strategic option, and developing the skills of owners of small and medium enterprises, administrative and technical. Emphasizing Supporting and sponsoring small and medium enterprises is a strategic option for Asharqia Chamber, under which several programs and events are held throughout the year, such as seminars, lectures, counseling sessions, and training courses.
During three sessions, the forum will discuss several important topics. In the first session, the “role of financial technology in empowering small and medium enterprises in light of the Kingdom’s vision 2030.” The research deals with “the role of government agencies in supporting the legislative environment for financial technology, and the integration between government agencies in facilitating Business, financial technology, and the future of financial technology in the Kingdom in light of the Kingdom’s vision 2030 and the empowerment of small and medium enterprises.
As for the second session, entitled "Diversity of sources of financing and investment for small and medium enterprises," the forum will discuss several issues, including: "Empowering the entities supporting the small and medium enterprises sector in the Kingdom, developing the small and medium enterprises sector. Challenges and solutions for financing and supporting small and medium enterprises, the role of technology." finance in the rapid growth of small and medium enterprises.
The third session, entitled (The future of the financial technology sector in supporting small and medium enterprises), will discuss the strategy for providing financial products and services to small and medium enterprises, areas and possibilities of financial support for small and medium enterprises, and the role of financial technology in accelerating the growth of small and medium enterprises.
Endowment Forum 2022 AD stresses the importance of spreading the culture of endowment creativity and innovation
04/10/2022
Sponsored by the Deputy Prince of the region and organized by the Asharqia Chamber in a strategic partnership with the Awqaf Authority
Endowment Forum 2022 AD stresses the importance of spreading the culture of endowment creativity and innovation
The Forum on Stop Practices 2022, organized by the Oriental Chamber Wednesday 28th September 2022 under the auspices of HRH Princess Ahmed bin Fahd bin Salman, Deputy Emir of the Region, and in strategic partnership with the Public Authority of Waqf, was confirmed under the heading of (creativity and endowment innovation), emphasizing the importance of spreading a culture of creativity and innovation and looking ahead to the endowments, It recommended that the Scientific Committee increase attention to the dissemination of the culture of innovative moratorium to all media and social communication and work to support and empower the Awqaf sector by investing in emerging and innovative opportunities and technologies through cooperation with the Waqf Public Authority, It also called on the Committee to build a strategy involving waqf agencies and institutions and in partnership with government institutions to promote the development of innovative waqfs and intensify work to facilitate the financing of innovative ideas and endowment projects through innovation incubators, Also increase endowments for educational, health and residential institutions through innovative applications of endowments.
Many endowment initiatives
During the forum, several endowment initiatives were announced, such as the Endowment of Ideas platform, on the International Institute of Islamic Endowment, which is an electronic platform for collecting ideas about endowments and how to develop existing endowment products or create new endowment products, and the Endowment initiative launched by the Revival of Endowment Investment Company, as well as The launch of the Medical Endowment Village in Dammam, on behalf of the Health Endowments Society, as well as the launch of the pioneering Education Endowment initiative, announced by Professor Rashid bin Abdulaziz Al-Hussan, for the Al-Hussan Educational Group to serve education by launching educational programs that motivate students, as well as the Waqif Trip Book Initiative It was launched by His Eminence Sheikh Saad bin Muhammad Al-Muhanna, The forum witnessed the holding of about five sessions, which included the presentation of about 14 working papers, presented by a group of specialists from inside and outside the Kingdom, which dealt with many aspects related to creativity and innovation in the endowment sector and its role and future in the national economic scene, and was accompanied by an exhibition of about 17 endowment bodies during which they presented Their endowment products and experiences, in the presence of many government officials, businessmen and women, experienced specialists and those interested in the field of endowments.
At the opening of the forum, the Chairman of the Asharqia Chamber "Badr bin Suleiman Al-Raziza" said during his speech on behalf of the patron of the forum, His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, Deputy Governor of the Eastern Province, that this new session comes To complement the awareness process adopted by the Chamber and the General Authority for Endowments by identifying the best practices, initiatives and innovative and creative programs in the endowment field and ways of disseminating them in the Kingdom and the region, to achieve high investment returns and sustainable endowments in line with the objectives of the Kingdom’s Vision 2030.
knowledge communication platform
Al-Raziza pointed out that the wise government has given great attention to the endowment sector, believing that it is one of the most important sectors in support of sustainable development goals. It made use of all means in terms of organization, legal preparation, and framing of the necessary procedures and policies for its follow-up and management, provided full support and care for projects and programs of social impact, and supported everything that would expand the base of those standing on this generous land, so the Kingdom became home to many endowment institutions with huge assets and great diversity.
He stressed that the forum came in response to the state's development endeavors, and that community movement does not stop to increase the endowment contributions economically and socially, and he showed how the Chamber harnessed its capabilities to participate in the revival, development, and development of the endowment ritual among the business sector, and the activities it provided to spread awareness of the importance of establishing endowments And the adoption of endowment practices, which has become a platform for knowledge of successful endowment practices locally and abroad, and a catalyst for knowledge of development, investment and legal issues of the endowment system.
An important message for the people of the region and the Kingdom
Al-Raziza explained that the forum presents an important message for the people of the eastern region and the Kingdom in general, businessmen and women, by discussing, during this new session of its session, a topic that renews it and with it the vision of the business sector in the region towards the vocabulary of the endowment sector, by highlighting creative and innovative methods with positive returns on increasing The return from endowments and raising the efficiency of the endowment sector, both in terms of the quality of services provided or in terms of upgrading the sector as a whole in the national economic system.
A controlled, active and influential sector
For his part, His Excellency the Governor of the General Authority for Endowments, Imad bin Saleh Al Karachi, said that the endowment sector has recently witnessed a great movement and remarkable development, thanks to God, and then the support and care of our wise leadership in this sector, which resulted in a growth in distinguished and innovative practices in this field to keep pace with the endowment sector with the remarkable development Which our country is witnessing in various fields, and pointed out that the authority is working with its partners to activate this role and stimulate the endowment sector and enable it to expand in the areas of creativity and innovation and create qualitative initiatives that correspond to the needs of society and development trends to integrate with the efforts of other sectors in this field.
Innovative product offering
He explained that this forum comes as one of the important platforms that enrich this aspect, as it highlights the importance of renewal in the field of endowment practices, as the authority works with its partners to offer innovative products that meet the needs and contribute to attracting new endowers, and this, in turn, will be one of the motivating factors for the growth, diversity, and expansion of the endowment sector.
Al-Kharashi looked forward to finding effective and important partnerships that would contribute to accelerating the pace of achievement and achieving the goals, saying: The endowment sector will soon witness a remarkable change and rapid and qualitative growth, and great maturity in its systems, government, entities, programs, initiatives, and impact because we are working at an accelerated pace and addressing and supporting it to stimulate and support this sector. The challenges it faces in coordination with the relevant authorities.
A major contributor to the development
For his part, Member of the Board of Directors and Vice Chairman of the Endowments Committee in Asharqia Chamber, Hamad bin Hammoud Al-Hammad, said that the endowment represents one of the many Islamic financial systems that aim to strengthen ties between all members of society, and its effects include various aspects of social, religious, cultural and economic life. Throughout the history of Islamic civilization, endowments have played a prominent role in the continuation of many aspects of social and scientific life in the Islamic community, which made endowments a great virtue and great importance in the history of Islam and Muslims.
He pointed out that today's forum raises many topics related to innovation and creativity in the endowment sector, through a significant set of working papers presented by specialists in the endowment fields.
Establishing a culture of innovation
The forum was preceded by the opening of the first session, under the title (Establishing a Culture of Innovation and Looking to the Future for Endowments), which was moderated by Abdul Salam Al-Jabr, a member of the Endowments Committee in the Asharqia Chamber, during which Dr. He said: Social innovation is one of the most effective, sustainable and valuable new solutions for society and seeks to develop and implement new ideas to meet social needs and develop new partnerships, pointing out that social innovation aims to develop public benefits and develop individual capabilities, as it depends on individual and institutional creativity, Stressing that social innovation seeks to humanize technology in the era of artificial intelligence, networking between sectors and knowledge, reviving a culture of diligence and urbanization, and contributing to sustainable and innovative solutions, recommending the establishment of an innovation laboratory to help create new value through innovation practices and address complex challenges that seemed insoluble and provide solutions .
National Innovation System
And Dr. Saleh Yousef Al-Ansari, from SIS Consulting, on the role of national innovation systems in creating a supportive environment for innovation in the endowment sector, explaining that the national innovation system is the total ecosystem that promotes the localization of the knowledge value chain through the complex relationships between the links and interaction between Institutions, entities, and legislation, and said that to achieve the economic competitive advantage and the endowment system, several basic needs must be provided, namely macroeconomic stability, health and basic education, legislation, and infrastructure, which are key to resource-driven economies, in addition to efficiency enhancers, namely higher education and training, and market efficiency. goods, The labor market, the development of financial markets, technological readiness, and market size, which are key to investment-driven economies, and finally the factors of innovation and development, which are the development of business and innovation and are key to innovation-driven economies, stressing that to achieve the economic competitive advantage and the endowment system, there must be legislation that facilitates the work of the system. Endowment, integration with the institutions of the national system, research institutions that produce value-added patents, attracting investments in areas of national priority, and localization of sustainable global knowledge.
This session also included a working paper by Dr. Sarhan Shaman Al-Shammari, from the University of Hail, on innovation systems and their integration in endowments, who explained that innovation and technology face several challenges, most notably that technology cannot build moral and ethical decisions with a human dimension, in addition to the rapid changes and bargaining between The risks and benefits of early investment, and he said that the determinants of innovation spread are comparative advantage, the degree of complexity, appropriateness, susceptibility to experiment and acceptance of the result, pointing to the importance of paying attention to distinguished innovators who are known for their interest in new ideas and are fully prepared to take risks.
Innovative Finance in Awqaf
In the second session, which was moderated by Eng. Anas Al-Dowayan, member of the Awqaf Committee in the Chamber, titled (Innovative Financial Techniques in Endowments), during which Mr. Faisal bin Muhammad Al Shamsi, from the Islamic Development Bank, spoke about the mechanisms of a trust fund for endowment properties, and said: The Fund The endowment investment was established in 2001 AD in recognition of the bank’s awareness of the important development potential of endowments, which is an honorable prophetic tradition that played a major role in providing sustainable financing for many basic social services. He pointed out that it is a dollar-denominated investment fund managed by the Islamic Development Bank as a speculator and enjoys administrative and financial independence It finances the construction or purchase of rentier (income-generating) real estate assets, with a maximum of 75% of the total cost of any project, provided that this cost is not less than 5 million US dollars.
The financing period is a maximum of 15 years, and upon start-up, the income generated from the real estate asset is used to pay the fund’s installments, and the surplus returns to the beneficiary to support its charitable and development activities sustainably. Since its inception until the end of 2021 AD, the Fund has agreed to finance 55 projects in 81 A countries with a value of one billion dollars, as these projects generate average annual returns in the range of one million dollars for the beneficiary organizations, and this amount is used for the various human development activities of these organizations.
endowment platform model
Eng. Abdul Rahman Al-Rashoud, from the General Authority for Endowments, also spoke during this session about the impact of crowdfunding platforms on the sustainability of the non-profit sector, (Waqfi platform as a model), explaining that crowdfunding is the practice of financing projects by collecting funds from a large number of people from Through digital platforms, and it may come through direct donation, debt (group lending), shares and so on, pointing out that more than 4 billion Saudis have been collected through crowdfunding platforms in the Kingdom, including more than 50 million donations, and more Of the 300 subsidized endowments, more than 7,000 families supported housing, more than 6,000 medical cases whose treatment was supported, and more than 500 released prisoners benefited. It has transparency, speed of preparation of donation campaigns, the possibility of marketing, and attraction to people interested in the idea.
The experience of stopping the technical transformation
Engineer Machari bin Fahad al-Jawera, Founder and Member of the Technical Transformation Endowment Council, who reviewed the experience of stopping the technical transformation in the digitization of the non-profit sector, stressed that endowments are not in isolation from the world and that they must enter stronger in the field of modern technologies and invest in them to serve society and the country. By innovating digital business solutions and models and enriching knowledge; To achieve the objectives of the sector and maximize its impact.” He pointed out that the project includes many technologies, the most important of which are: financial technologies, artificial intelligence techniques, and robotics technologies, calling for the rehabilitation of leaders in the field of information technology to be among the trustees of the endowments, which will give strength to the councils of overseers in the optimal investment in Modern technologies, as well as qualifying workers in the non-profit sector in the field of information technology to increase the level of professionalism in the provision of services by non-profit organizations.
Digital Solutions for Endowments
Mr. Hassan Raza of Ethos Islamic Bank, who emphasized that consumers increasingly want more ethical products, aligning their values, religious teachings, money, and finance, and that banking is changing globally, said: We at Ethos now use the latest technologies to provide digital solutions for the endowments as they help unleash the endowments and allow for the further development and innovation of products to ensure the service of the endowment to the fullest Especially in light of the expansion of Islamic finance products and services at competitive prices, Referring to Ethos' Islamic investment products, such as ETFs, private equity funds, venture capital funds, these products allow the stay to be sustainable in the long term.
Blockchain Technology in Waqf
The third session of the dialogue on innovative opportunities to serve Waqfs came and was moderated by Dr. Salim al-Qahtani, member of the Eastern Chamber Waqf Committee, and presented by Professor Hisham al-Haqil, He said the importance of continuous research on innovative and creative opportunities that will develop waqf services He emphasized that creativity and innovation in the endowment field give Waqfs new investment dimensions and even diversity in its services provided. The fourth session, entitled "Innovative practices and initiatives in endowments", was moderated by Professor Raed Khalil al-Eid, member of the Scientific Committee, uring which five speakers spoke; During which, Dr. Hassan Azkanin, from the American University in Morocco, reviewed the practices and experiences of Western endowment institutions in the field of technological innovation, explaining that the endowment is one of the stable and continuous sources of funding that is not affected by the policies of the private sectors with a profit-oriented approach or the volatile decisions of government institutions, as its assets are not They are neither sold nor given nor inherited, which requires the innovation of new technologies that enable them to enhance their economic position and improve their level of profitability, such as the blockchain technology, which is a distributed database that maintains a list of records or transactions that is constantly increasing, and is characterized by decentralization, authentication, and anonymity so that Enables users to create different addresses to use while interacting over the network, A procedure that allows ensuring their privacy and protecting their information, as well as the verifiability and auditing of operations, which is one of the most important characteristics of the blockchain technology, as it is a distributed network that verifies and tracks all operations at any time by accessing private databases, recommending that further studies and research be conducted on the extent of the applicability of This technology is in the field of endowments, by building a strategy in which endowment institutions participate with government institutions to study the possibility of creating an endowment ecosystem based on blockchain technology, calling on legislative authorities to study this technology from a practical and applied perspective, and the possibility of downloading its solutions to endowment services, and creating a crowdfunding platform It is based on smart contract technology to promote endowment investments.
Social innovation trend
Likewise, Dr. Muhammad Abdullah Nassif, from the Institute of Islamic Economics at King Abdulaziz University, who reviewed the endowment of Prof. Dr. Abdullah Nassif's “the trend of social innovation,” said that the “Abdullah Nassif” endowment bears a vision to be “a source of hope for society through our being The leading platform in unleashing the energies of young people in a way that contributes to achieving sustainable community development.” Nassif reviewed the most prominent areas of interest in the endowment, which are: (social innovation), contributing to supporting the national economy, and facing challenges related to humans and the future through social innovation, business incubators, and employing tools Modern technology. and (sustainability of societies) Awareness of young people about their leadership role in achieving sustainable development and building a vibrant community, and (Foresight of the future): promoting scientific concepts and practical applications that contribute to foreseeing and supporting future projects through local and international partnerships, and (National personality: strengthening the effective national personality by encouraging it to Highlighting its role in community contribution and sustainable development, and stated that (Nassif) focuses primarily through its projects and initiatives on spreading the culture of social innovation to enhance the role of youth in achieving positive development and supporting the national economy as well as contributing to solving societal and future challenges, as it provides a comprehensive and integrated journey in stimulating Youth creativity with future ideas and projects through the Nassif Prize, and developing these ideas to be national and sustainable economic projects through the Social Innovation Lab.
Innovative Endowments in Health and Education
During the session, Mr. Ali Al-Mutawa from the Awqaf and Minors Affairs Foundation in Dubai discussed the support of innovative endowments in the health and educational sectors and indicated that the Foundation, since its inception, has been keen to provide support to children and women of different nationalities through cooperation with many institutions and centers specialized in their care, rehabilitation and development of their skills. And providing them with various aspects of integrated care, in proportion to their needs, to be able to participate in building society. He reviewed several achievements at these levels, revealing that the Dubai Endowment amounts to 7.85 billion dirhams.
Innovation in pooled finance
Professor Atef Al-Shabarawi of the Japanese Egyptian University, French University of Sejour, and the World Bank's consultant also spoke on innovation in collective finance. "International experiences", emphasized the importance of innovation in public finance, Indicating that it is an umbrella term that describes the use of small amounts of money ", obtained from a large number of individuals or organizations, To raise funds for a business or loan, whether it is personal or to finance other needs through Internet-based platforms He reported that $410 billion was provided to charities by Americans in 2017.
As 46% of them came through campaigns on crowdfunding platforms because donating through the Internet is more suitable for young people, and a new study conducted by the University of Pennsylvania found that projects funded by the platform, contributed to its campaigns of 2.1 million people, raised one billion dollars, and saved Funding 70,000 creative projects, employing 29,600 people full-time and 283,000 part-time, helping found 8,800 new and non-profit companies and generating more than $5.3 billion in direct economic impact for these creative filmmakers, musicians, video game creators, comic books, and journalists. He reviewed the types of crowdfunding and their goals, These include Sharia-compliant financing, lending (financing companies or individuals with loans, known as peer-to-peer), and lenders receive interest payments in exchange for their loan, investment (to obtain a share/shares of a company or project, this type of financing is especially suitable for early stage and companies Startups, donations, rewards (financing creative or cultural initiatives, in return for one-time payments in the form of products or services. Invitations, free products or services.
Asharqia Chamber launches today the activities of the Waqf Practices Forum 2022 AD
28/09/2022
Sponsored by the Deputy Governor of the Eastern Province
Asharqia Chamber launches today the activities of the Waqf Practices Forum 2022 AD
Today, under the patronage of His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Region, the Asharqia Chamber is launching the activities of the Forum (Waqf Practices 2022 AD ... Creativity and Endowment Innovation) in strategic partnership with the General Authority for Endowments, at the Chamber's headquarters at nine o'clock. morning until four in the evening.
About 17 endowment bodies and 16 experts in the endowment field will participate in the forum, discussing in five sessions several topics related to creative and innovative practices and experiences locally and globally that have positive returns on increasing the return from endowments in line with the objectives of the Kingdom’s Vision 2030.
The forum aims to increase innovative practices and entities in the endowment field in the Kingdom, stimulate and promote a culture of innovation in endowment practices, review the most prominent global and local innovative practices in the field of endowments, enhance coordination and integration between endowment entities in the field of innovation, as well as present innovative opportunities in the applications of endowment technologies.
The Chairman of the Board of Directors of the Asharqia Chamber, "Badr bin Suleiman Al-Raziza", said that the forum is an extension of the Chamber's plan and a complement to its map to encourage the business sector to establish endowments and provide full support to those who wish to establish endowments, pointing out that this forum presents a new message about the mechanisms of innovation and creativity. The endowment sector is a vital sector that keeps pace with the development process that the country is waging in various fields.
Al-Raziza explained that the forum reviews successful practices and experiences in upgrading the endowment, as well as the latest innovative and creative tools in achieving sustainable endowment growth, stressing the importance of the forum topic where creativity and innovation endowment, which supports the expected goals of the endowment sector in the Kingdom by increasing its growth and expansion and reformulating it according to the latest frameworks administrative organizational.
Al-Raziza pointed out that the forum, with its papers presented, which deals with all topics related to creative and innovative endowment practices, targets leaders of endowment work and the non-profit sector, researchers and consultants in the field of endowments, as well as all those interested in international and Arab awards in the field of creativity and institutional innovation, researchers and consultants specializing in Endowment creativity and innovation, as well as new endowments and those looking for new fields of endowment, members of the Board of Trustees of Endowments, and others interested in the endowment field.
Al-Raziza alluded to the attention and care given by the wise leadership to the endowment sector, which contributed to its development and development and the strengthening of its role in the country’s development process, and it has become at the forefront of our other economic sectors with its huge economic, social or civilized returns.
For this part, the Chairman of the Endowment Committee, Ayed Al-Qahtani, said that this new session of the forum comes as a continuation of the research on the topic of upgrading endowment practices in line with international standards, especially in terms of increasing returns, noting that the forum sessions include about 14 working papers that try to cover All aspects of creativity and endowment innovation practices; In its first session, entitled Establishing a Culture of Innovation and Looking to the Future for Endowments, and moderated by Abdul Salam Al Jabr, a member of the Endowments Committee in the Asharqia Chamber, Dr. Odeh bin Rashid Al-Jayousi, from the Arabian Gulf University, reviews the innovation labs for the development of the endowment, and Dr. Saleh Yousef Al-Ansari, from SIS Consulting, The Role of National Innovation Systems in Creating a Supportive Environment for Innovation in the Endowment Sector, and Dr. Sarhan Shaman Al-Shammari, from the University of Hail, Innovation Systems and their Integration in Endowments.
The second session, entitled Innovative Financial Techniques in Endowments, will be moderated by a member of the Awqaf Committee in the Chamber, Engineer Anas Al-Dowayan, during which Mr. Faisal bin Muhammad Al-Shamsi, from the Islamic Development Bank, reviews the mechanisms of the Endowment Property Investment Fund, and Engineer Abdul Rahman Al-Rashoud, from the General Authority for endowments, The impact of crowdfunding platforms on the sustainability of the non-profit sector, Dr. Will Pritchard, who presents a working paper on the UK endowments "Empowering Social Innovation", and Eng. Meshari bin Fahd Al-Juwaira, founder and member of the Council of the Technical Transformation Endowment Glasses, reviews the experience of stopping technical transformation in digitization The non-profit sector, Mr. Jeremy Tcal, of the Waqf Bank.
Regarding the third session, Al-Qahtani said, it is a dialogue session moderated by Dr. Salem Al-Qahtani, member of the Endowments Committee in the Asharqia Chamber, in which Mr. Hisham Al-Hogail reviews innovative opportunities for endowments service, while the fourth session is entitled Innovative practices and initiatives in the endowments, moderated by Professor Raed Khalil Al-Eid, member of the Scientific Committee. Five working papers will be presented, the first of which is by Dr. Hassan Azkanin, from the American University in Morocco, During which he reviews the practices and experiences of Western endowment institutions in the field of technological innovation, and the second is for Dr. Muhammad Abdullah Nassif, from the Institute of Islamic Economics at King Abdulaziz University, in which Prof. Dr. Abdullah Nassif reviews the “Social Innovation Orientation” and the third is about supporting innovative endowments in the health and education sectors, by Professor Ali Al-Mutawa from the Awqaf and Minors Affairs Foundation, the fourth on innovation in crowdfunding “international experiences” by Professor Atef Al-Shabrawi from the World Bank, and the fifth and final paper on the Social Entrepreneurship Incubator of Mr. Ahmed Khaled Al-Ajam from the Med Trust Foundation, Endowment Without Borders.
In the fifth and final session, Eng. Musa Al-Mousa, a member of the Endowment Committee in the Asharqia Chamber, will review the most important recommendations made in the forum, hoping that the General Forum will be a new addition to the endowment sector in the region and the Kingdom, with its summaries of endowment experiences at home and abroad, which were able to present practices Innovative and creative that supports endowment entities and supports their continuity by the developments in economic structures worldwide.
A Saudi-Norwegian meeting discusses developing marine business and coastal development opportunities
28/09/2022
The volume of trade between the two countries increased by more than 41 percent in 2021
A Saudi-Norwegian meeting discusses developing marine business and coastal development opportunities
The Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza met on Tuesday morning, September 27, 2022, with the Ambassador of the Kingdom of Norway to the Kingdom, Thomas Led Bull, where they discussed aspects of cooperation.
Ambassador Thomas and Norway's Director of Innovation in the Middle East, Aspen Teksum, headed a Norwegian trade delegation specialized in the maritime sector, in a meeting organized by the Chamber, which included many companies specialized in maritime industries and services, where it witnessed a remarkable presence from the business sector and those interested in the two countries.
During the meeting, which was attended by the Chamber’s Second Vice-President, Mohammed bin Hamad Al-Ammar Al-Khalidi, and the Chamber’s Secretary General, Abdul Rahman bin Abdullah Al-Wabil, Al-Raziza said that such meetings enhance communication opportunities and open up horizons of knowledge for the private sector in the two countries and give additional impetus to trade, technology, innovation, and investment opportunities. He stressed that the Kingdom and Norway have strong economic and trade relations, which increased the volume of trade between the two countries, which amounted to about 955.9 million riyals in 2021, recording an increase of 41.7% over the year 2020, which amounted to 674.7 million riyals. 92) in the list of countries to which the Kingdom exported in 2021.
The value of the Kingdom's exports to Norway also recorded an increase in the same year by 59.5 million riyals, or 251%, compared to 2020.
Al-Raziza pointed out that the coming periods will witness a major leap in trade relations between the two countries, especially in light of the common factors and the steps taken by our wise government towards diversifying the economic base within the framework of its Vision 2030, which promotes the generation of a giant economy in various sectors.
He urged the members of the delegation to work on expanding investment and trade circles between private sector companies in both countries, and called for the Kingdom's stimulus and major projects, particularly about subsidized maritime business industries, and their regulatory and procedural steps in this regard within the framework of achieving the objectives of Vision 2030.
For this part, the Norwegian Ambassador to the Kingdom Thomas Led Paul looked forward to further cooperation between the two countries, pointing out that this visit prompted the strengthening of economic relations in non-traditional sectors.
Contrary to the remarkable resemblance in the Kingdom and Norway's major vital economic disciplines in the renewable energy and oil and gas sectors, there were promising opportunities to work together to develop investment in the comparative advantage of the offshore coastline and maritime business, which was characterized by the coasts of the Kingdom and Norway, which had the world's second-longest coastline.
The meeting of "Women's Salons Centers" discusses the challenges of the Asharqia Chamber
27/09/2022
The meeting of "Women's Salons Centers" discusses the challenges of the Asharqia Chamber
Asharqia Chamber, represented by the Women's Centers and Workshops Committee, held the expanded meeting of the sector, in the presence of a remarkable number of female investors, on the evening of Monday, September 26, 2022, at the Chamber's headquarters.
The Committee Chair Shuaa Al-Duhailan said that the meeting discussed several challenges facing the sector, as well as realistic solutions to those challenges, pointing out that the meeting reviewed several activities and initiatives that would contribute to the development of the working mechanism in it, stressing that the committee seeks to improve the beauty and decoration industry in the region. The Eastern Province to be by creating a correct environment that contributes to promoting high professional craftsmanship, creativity, and development to qualify national cadres, and highlighting the role of women as an effective contributor to the development of the economy of the Eastern Province in light of the values and principles of our society.
Al-Duhailan, who moderated the meeting, indicated that the committee, through its action plan, seeks to improve the mechanism of work in the sector, as it presented many programs, workshops, and awareness lectures that help national competencies to benefit from existing expertise and experiences, in addition to global experiences in many disciplines in the sector of concerns. Women's embellishment.
She indicated that the committee, within its program of visits to several officials and specialists, contributed to supporting the sector and facilitating female investors so that they could be creative and provide new services that keep pace with recent developments in the sector.
The Ministry of Environment, Water and Agriculture: 180 services provided automatically to farmers, breeders and fishermen
26/09/2022
During the workshop of the Asharqia Chamber Qatif branch
The Ministry of Environment, Water and Agriculture: 180 services provided automatically to farmers, breeders, and fishermen
The branch of the Ministry of Environment, Water, and Agriculture in the Eastern Province reviewed several services it provides to farmers, breeders, fishermen, and the business sector to improve agricultural services in a way that is reflected in healthy and safe agricultural production, based on the region’s distinguished products such as palms, Sidr, almonds, and citrus, And the protected and exposed vegetables, as well as figs, berries, and papayas, as well as the fish wealth resulting from the region's view of the Arabian Gulf.
The Director of Plant Wealth at the Ministry's branch in Qatif Governorate, Zaki bin Ahmed Al Abbas, said that the ministry currently provides more than 180 electronic services that facilitate the farmer, breeder, and fisherman to communicate with the ministry or one of its branches and obtain the service without trouble, including applying for support, obtaining licenses, inquiries and submitting Notices and other services. He pointed out that the Kingdom won the World Summit on the Information Society Award for the year 2022 AD after achieving first place in the category of digital agriculture and electronic services on the Nama portal of the Ministry.
Al-Abbas added during a workshop organized by the Asharqia Chamber represented by its Business Council in the Qatif Governorate (Sunday 25/September 2022) and moderated by the Chairman of the Council, Abdul Raouf Al-Matrood, that the ministry provides smart agricultural extension services that include smart identification and treatment of plant diseases, agricultural samples analysis, and an automated guide. Smartphone, access to central markets, weather alerts, learn about the best global experiences, interact with the agricultural extension agents, and track the agricultural guide convoy.
He stressed that the Ministry was implementing a program of good agricultural practices at the current time (Saudi jab), which aims to save and improve irrigation water consumption in agriculture through the use of modern irrigation methods, Rationalizing the use of pesticides and chemical fertilizers and increasing the use of organic fertilizers, which improves soil properties and fertility, thereby improving their ability to retain irrigation water, encouraging farmers to grow more economically valuable crops such as fruits and vegetables, Opening new indoor and outdoor marketing outlets for them, improving agricultural processes and practices, In addition to increasing agricultural production and improving its specifications, improving facilities, working conditions, and workers, Rehabilitation and training of farmers and technicians and enhancement of consumers' confidence in local agricultural products through their access to a healthy and safe food product.
Al-Abbas reviewed the Ministry's aspirations for agriculture in the qatif governorate and believes that the development of the sector in the governorate comes through joining cooperative agricultural societies and benefiting from their services and their potential and services provided by the Ministry. Investing in the agricultural sector in its various plant, animal, and fishery sectors through the establishment of pilot projects in the production of vegetables, aquaculture, and fish farming with its suspended and open systems, livestock and poultry breeding projects whiteness and solvency, and to benefit from the support provided and services provided by the Ministry and the establishment of leading agricultural companies working in the areas of agricultural management or integrated pest management. Invest in agricultural marketing through internationally linked online platforms to market local agricultural products. Investment in rural agricultural tourism, investment in manufacturing, recycling of agricultural waste and post-harvest transactions, increasing the agricultural area, stopping the transition and reluctance from agriculture by providing ideas and insights that increase production at the lowest cost to establish investment companies in the fields of marketing and agro-manufacturing.
The Wafi program emphasizes the principle of transparency in the real estate market and the provision of high-quality, low-cost products
26/09/2022
The Wafi program emphasizes the principle of transparency in the real estate market and the provision of high-quality, low-cost products
Asharqia Chamber held a workshop represented by the Real Estate and Urban Development Committee yesterday entitled “Stimulating the real estate development sector for off-plan sales and leasing projects,” moderated by the Vice Chairman of the Committee, Eng. Rashid Al-Qadi. Regulating the activity of selling or renting real estate units, whatever their purpose or method of development, before or during the development or construction phase, noting the existence of several incentives involved in the selling and leasing activity for the benefit of real estate developers, as well as buyers.
The Assistant Secretary-General for Technical Affairs at "Wafi" Saleh bin Abdulaziz Al-Khamis said during the workshop that was held on Sunday, September 25, 2022, that off-plan sale is the activity of marketing and selling real estate units before or during the development and construction phase by presenting a detailed description of the real estate unit in its final form upon completion of its development. The developer obtains direct financing from the buyers to carry out the construction and building works. This activity entails several returns, perhaps the most prominent of which is raising the level of transparency in the real estate market, Adequate real estate market benefits from developing and stimulating developer competition, enhancing developers' ability to shift from individual to institutional work, reducing real estate developer risk, as well as early marketing of the real estate unit, and saving both project parties.
Al-Khamis stressed that the private sector is a key partner for the work of the off-plan sale or lease committee, as the committee seeks to provide the most flexible services and procedures in coordination with the relevant authorities to meet the aspirations of the real estate sector and its development vision for all businesses, pointing out that the Wafi program works to increase consumer reliability and raise The efficiency of developers and their performance in all their work.
For this part, the Director of Licensing Department of the Sale or Leasing Committee on Map (Wafi) Turki Al-Hassani explained that the Committee is the official regulator of this activity, and it obliges real estate developers to implement according to the time plan of each project according to the approved forms and specifications. Wafi's vision is to be a close guarantor of the safeguarding of the rights of the parties involved in the sale projects on the map, and the distinguished incubator of real estate investments in the Kingdom, based on his message stressing the protection of the rights of the beneficiaries and achieving their satisfaction by organizing the sale or leasing activity on the map in the real estate market.
He pointed out that the number of licenses issued through the program amounted to from 2018 to 2020, 332 licenses, and the total of qualified developers reached 324 by the end of 2020, noting that whoever needs to obtain a license is anyone who wants to sell or rent real estate units off-plan, no matter what. Its purpose is advertising in the media, marketing, or display in exhibitions.
Al-Hassani stressed that the program provides advantages for the buyer and the tenant, represented in reducing the costs of owning the real estate unit, obtaining real estate units of high quality, increasing the options offered, and paying easy installments equivalent to the completion percentage. The program also works to protect the rights of customers by ensuring the integrity and marginalization of the instrument. And allocating a dedicated escrow account for each project, and is also subject to engineering supervision and legal accounting, in addition to field visits to projects.
For this part, Director of Training and Rehabilitation Department Wafi, Falih al-Qahtani said that the sale activity is on the map before the issuance of controls and the formation of the sale or leasing committee on the map Wafi was suffering from a lack of regulation of the developer-beneficiary relationship in cases of early sale and cases of fictitious sales, declining confidence in the real estate market and real estate developers and fear of losing rights weak quality of real estate projects and overlapping financial accounts of multiple developers' projects But all these phenomena declined after the decision of the Council of Ministers to form a sale or lease committee on the map consisting of representatives of the following ministries "Municipal and Village Affairs, Trade, Justice," in addition to representatives of the Central Bank of Saudi Arabia, the Industrial Cities Authority and the Technical Zones (Modon), and representatives of the private sector, thereby protecting all parties to the contractual relationship, especially since all work is directly supervised by the Commission, whose functions include licensing, establishing conditions and requirements for it, regulating exceptions to the instrument and establishing conditions for the technical and financial qualification of developers, marketers, real estate brokers, practitioners and practitioners.
Asharqia Chamber launches the Waqf Practices Forum on Wednesday
25/09/2022
Under the slogan of creativity and innovation in the Waqaf sector
Asharqia Chamber launches the Waqf Practices Forum on Wednesday
Under the patronage of His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Province, the Asharqia Chamber, represented by its Endowment Committee, will launch, next Wednesday, September 28, 2022 AD, the Forum (Waqf Practices 2022 AD) under the slogan of Endowment Creativity and Innovation.
In its new version, the forum aims to promote a culture of creativity and innovation in the endowment sector and to increase innovative practices and entities in various endowment fields by reviewing the most prominent global and local rules and innovative opportunities in the application of endowment techniques.
The Chairman of the Asharqia Chamber, Bader bin Suleiman Al-Raziza, said that the forum is an opportunity to learn about new and creative practices in a sector that come at the top of the industries that have the most impact in the system of comprehensive renaissance that the country is engaged in within the framework of the Kingdom's vision 2030.
He stressed that the forum stimulates creativity in endowment practices, and enhances coordination and integration between endowment entities in the fields of endowment innovation, noting that it targets leaders of endowment work and the non-profit sector, researchers, and consultants in the fields of endowments, as well as those interested in international and Arab awards in the field of creativity and institutional innovation. He called on the business sector from the eastern region, specialists, and those interested in attending and benefiting from the forum's proposals that deal with all means of endowment innovation.
For this part, the head of the Endowment Committee, Ayed Al-Qahtani, said that the forum, with its working papers, tries to put before the members of the councils of spectacles, endowers, and those looking for new endowment products, a comprehensive picture of the new and innovative practices at home and abroad in the endowment sector, and that it is an extension of the forum. The previous best practices of endowment, its goal is to raise the efficiency of endowments and increase the growth of their investments and their spread among members of society.
Asharqia Chamber accompanies the National Day celebrations with various activities at Al Rashid Mall
21/09/2022
Asharqia Chamber accompanies the National Day celebrations with various activities at Al Rashid Mall
In keeping with the celebrations of the 92nd Saudi National Day, the Asharqia Chamber participates in the joy of the nation by organizing several various events in the Al-Rashid Mall complex in Al-Khobar.
The free activities at Al Rashid Mall will start on Thursday, September 22nd, and continue until Saturday, September 24th, 2022, from 4:30 pm to 10:30 pm.
The Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza said that the joy will be completed with the participation of parents and children, through the presentation of an entertaining and educational program that will be hosted by Al-Rashid Mall in Al-Khobar and will include various and enthusiastic paragraphs. A specialist inside an interactive garden, in addition to the participation of teams presenting paragraphs for the child and distributing daily prizes to the attendees.
Al-Raziza called on the people of the eastern region and its visitors on the National Day holiday to interact with and participate in the programs and activities of the Chamber for this day, noting that the entertainment program was designed by specialists in theater and events directed to the child and the family, to achieve several goals, including highlighting the importance of the National Day and consolidating it among children and achieving Interest and fun for all.
Specialist: New concepts seek to reconcile with traditional elements of Saudi housing
21/09/2022
In a lecture held in the Asharqia Chamber
Specialist: New concepts seek to reconcile with traditional elements of Saudi housing
An expert in the real estate development field confirmed that new concepts and terms have entered the identity of contemporary Saudi housing, such as the humanization of cities, which aims to develop urban elements to comply with Saudi principles and culture, such as generosity and privacy.
The founding CEO of Space Studio Engineering Consulting, Engineer Yazid bin Abdulaziz Al-Mutawa, said in a lecture organized by the Contracting Committee of the Asharqia Chamber on Tuesday, September 20/2022, entitled “The New Identity of the Saudi Housing,” that “the identity is a series of sequential processes that stem from ourselves and our environment, It is affected by the traditions and customs prevailing in that environment, and it is dynamic in that it changes over time, and it is not a tangible thing, but rather is linked to the impact of civilization through the ages.
He pointed out that identity is not linked to self-awareness, we evaluate others and put them in a particular image. However, they do not seek to be in that image, so we find our identity through our understanding of ourselves and our environment, and any attempt to shorten this development is an attempt to fabricate or fabricate identity.
In this regard, he points out that the oil boom may have changed the materials used and the housing construction methods and the size of the house, and the space available in it, but the population's principles have not changed. To this day, the Saudi house is concerned with and appreciates the same principles. That is why we are trying to understand the ancient architectural elements and how they reflect the inherent principles so that we can revive these elements in our present time and in a manner appropriate to the current development of Saudi architecture.
Despite many attempts to adapt, Al-Mutawa believes that the contemporary Saudi house differs from the traditional house in that it no longer shows the traditional architectural elements in its design, so these elements are no longer suitable for the current time and place. On the other hand, he adhered to fundamental principles such as privacy and generosity, and we began to witness the birth of modern architectural elements that express the spirit of the age we are witnessing.
entity remained, and the real estate developers embraced it, and the Ministry of Housing interacted with it well with the growing demand for housing. The Ministry of Housing has only been the legislator and regulator of the market. In the past, the only available residential product was the family home, while at present residential products have diversified and previously unknown products have emerged in the Saudi market such as: "Town House: One Family Small Independent Home, Lippent House: One Family Apartment with Outdoor Space, Horizontal Housing: Multi-role units with common services such as health club and others.
The lecturer touched on several projects that are new to the Saudi market, including The Line project, a Saudi project for a series of interconnected cognitive systems, enhanced by artificial intelligence, free of carbon emissions, planned to be built in NEOM. Prince Mohammed bin Salman Non-Profit City is the first non-profit city in the world. The city's master plan embodies a human-centered, advanced digital metropolis, and the city is designed to be sustainable and pedestrian-friendly.
He referred to the King Salman Urban Charter, which aims to introduce the vision of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Omrani, which is based on originality as the core of creativity, and on enhancing flexibility capable of interacting with the new, in addition to creating a national methodology that seeks to achieve urban excellence and improve the quality of life for all individuals. society by creating urban environments based on cultural and environmental heritage, and simulating future developments
Aspirations to strengthen commercial relations at the conclusion of the visit of the Asharqia Chamber Council delegation to Qatar
20/09/2022
The delegation visited the Ambassador of the Custodian of the Two Holy Mosques in Doha
Aspirations to strengthen commercial relations after the visit of the Asharqia Chamber Council delegation to Qatar
The delegation of the Asharqia Chamber Board of Directors, headed by the Chairman of the Board, Badr bin Sulaiman Al-Raziza, concluded a visit to the sisterly State of Qatar, which discussed strengthening trade exchanges between the two countries and achieving common aspirations in the economic sector.
Yesterday, Monday, September 20, 2022, the Ambassador of the Custodian of the Two Holy Mosques to the State of Qatar, Prince Mansour bin Khalid bin Farhan, received the Chamber’s delegation, where he stressed the wise leadership’s support for programs aimed at strengthening economic and social relations between the two countries. He also urged the importance of establishing commercial partnerships between the business sector and benefiting from the aspects of support provided by the Kingdom and Qatar within their vision 2030, which emphasizes the development and economic integration.
As part of the second day's program, the delegation visited Hamad Port, where it met the CEO of Ports of Qatar, Captain Abdullah Al-Khanji, and was briefed on the port's facilities and stages of development, in addition to the facilities it provides to the business sector.
The delegation also met the Director of Facilities Management at Al Janoub Stadium in Al Wakra, Eng. Abdulaziz Ali Al Ishaq, visited the stadium’s facilities and facilities and was briefed on the preparations in place for the start of the 2022 World Cup.
At the end of the visit, Al-Raziza explained that the delegation's visit to Qatar achieved its goals, as the delegation visited the most prominent economic entities and reviewed the most important incentives and facilities that encourage the business sector to invest and form partnerships to enhance trade exchanges between the two countries.
Al-Raziza explained that the delegation was keen to strengthen commercial partnerships with the business sector in Qatar and exchange experiences in implementing new projects that represent a qualitative leap, whether in the commercial or industrial sector and sustainability initiatives.
He noted the keenness of the business sector in the two brotherly countries to continue work and partnerships, noting that the two peoples are linked by brotherhood and blood and proceed from this principle, stressing that creating ideas will lead to innovative projects that contribute to the development of the economic sector in the two countries.
The delegation started its program of visits on Saturday, September 18, 2022, to the Salwa border port between the Kingdom and Qatar, and was briefed on the achievements of the development and expansion project at the port. The Board of Directors of the Qatar Chamber Mohammed bin Towar Al-Kuwari and several members of the Board of Directors in the two chambers discussed ways to enhance economic cooperation relations in the two countries.
The Chairman and members of Asharqia Chamber congratulate Crown Prince on the (92) anniversary of the National Day
19/09/2022
The Chairman and members of Asharqia Chamber congratulate Crown Prince on the (92) anniversary of the National Day
The Chairman and members of the Board of Directors of the Asharqia Chamber and the Secretary-General expressed their happiness at the 92nd anniversary of the National Day, extending on this occasion the highest congratulations and blessings to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his trusted Crown Prince, His Royal Highness the Prince And to the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, and his deputy, His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, and all the Saudi people.
A model worth studying
The Chairman of the Board of Directors of the Asharqia Chamber, "Badr bin Suleiman Al-Raziza" said on the occasion of the 92nd National Day, we extend our congratulations and blessings to the shrine of the Custodian of the Two Holy Mosques and his faithful Crown Prince - may God protect them - and we pray to God Almighty to perpetuate our country's glory and security, pointing out To the importance of celebrating the anniversary of the National Day, as it is the day on which the spirit of passion, belonging and loyalty is renewed, and in which we recall the details of the heroic march that the unified hero, King Abdulaziz Al Saud, to unite the country and launch it. to prospects.
Al-Raziza added that this anniversary passes us in light of changing global conditions and situations, through which the strength, cunning, and solidity of the Kingdom and its legacy that extends deep into history, and the ability of its wise leadership to overcome challenges, were confirmed.
Al-Raziza went on to say: On this occasion, we stand on several major achievements and projects that represent - with pride - a model worthy of study in achieving the goals of economic diversification. As non-oil revenues increased to about 372 billion riyals in 2021 AD, after it was approximately 126 billion riyals in 2014, non-oil domestic product to 59% of GDP in 2020 AD, and foreign direct investment from 5.321 billion riyals to 17.625 billion riyals, and the number of factories increased from 7,206 to 9,984 until the end of 2020, and the percentage of localization in military industries increased from 2% to 8%.
A unique cultural experience
For this part, the First Vice Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Boali, said that this anniversary is an occasion to reflect on the path of achievement that the country’s leaders have followed since the era of the founder, passing through the honorable leaders, "Saud, Faisal, Khalid Fahd, Abdullah", until we reached the era of the Custodian of the Two Holy Mosques and his faithful crown prince, where the development, modernization and continuous expansion in various productive, service and commercial sectors, which made the Kingdom one of the most developed countries in the world.
Al-Buali added, "On this occasion dear to all of our hearts, we congratulate ourselves as citizens and the business sector for the achievements that have been achieved over the 92 years in various sectors, and that the nation today presents a unique civilized experience similar to the experience of unity presented by ancestors, as it combined authenticity with the requirements of the present in preparation for the future with insight.” A window, determination, and determination to achieve the goals, referring to Vision 2030, and its strategic plan and ambitious vision that represented a comprehensive development system for all sectors and took creativity and innovation as a slogan and contained many ideas, projects, and initiatives and presented a forward-looking view of the future and great ambition towards comprehensive and sustainable development (God willing) Almighty), covenanting that the business sector will be up to the responsibility and will be dedicated to playing its role in the country’s progress, within a vision full of goals and objectives.
Growth exceeds expectations
The Second Vice-Chairman of the Board of Directors of the Oriental Chamber, Hamad bin Mohammed Al-Amar Al-Khalidi, noted that the 92nd anniversary of National Day is a precious occasion for the Saudis because this day represents a watershed in the history of the Kingdom and all its children. It is a day of sacrifice, heroism, determination, and determination to unite the dear entity in all our hearts, asserting that this day touches all of us and prompts us to participate positively in our country's major cultural transition.
Active and influential
While a member of the Board of Directors of the Asharqia Chamber, "Agarid bint Ihsan Abdul-Jawad", praised the multiple achievements of Saudi women, which have become an integral part of the country's development process and assumed responsibility in various fields, and became among the main elements of strength owned by the Kingdom, and reliance on it. As an influential and effective element in the implementation of Vision 2030.
The sacrifices of grandparents and fathers
For this part, a member of the Board of Directors, "Badr bin Muhammad Al-Abdul Karim", said that on this occasion, we pray to God Almighty to perpetuate this country's pride and prosperity during the era of the leader of the march, the Custodian of the Two Holy Mosques and His Highness the Crown Prince, the country in this year and the coming years - Harvest the outcomes of planning, vision, and development.
Asharqia Chamber delegation to Qatar stresses the achievement of economic and commercial integration
19/09/2022
Asharqia Chamber delegation to Qatar stresses the achievement of economic and commercial integration
The delegation of the Asharqia Chamber Council, headed by Badr bin Suleiman Al-Raziza, Chairman of the Board of Directors, began his visit to the sisterly State of Qatar, which aims to strengthen commercial relations and discuss and discuss investment opportunities.
The delegation had started its visit on the first day, "Saturday, September 17, 2022" to the Salwa border port between the Kingdom and Qatar, where it was briefed on the achievements of the development and expansion project at the port, accompanied by the Director of Security Operations and Investigations Department at Salwa Port Faisal bin Saad Al-Qarni, praising the improvements that the project has shown. In raising the port's absorptive capacity, facilitating trade movement, and raising the level of intra-regional trade for the two countries.
On the second day, "Sunday, September 18, 2022", the delegation met with the First Vice Chairman of the Board of Directors of the Qatar Chamber, Mohammed bin Towar Al-Kuwari, a number of members of the Board of Directors in the two chambers, and an elite of businessmen in the two countries, where they discussed ways to enhance cooperation relations in the two countries. The meeting also reviewed aspects of economic cooperation and promising investment opportunities in the two countries in pursuit of economic and commercial integration.
For his part, Al-Raziza said that the Kingdom and the brotherly State of Qatar share a lot in common, and are linked by extended historical relations that have been strengthened by ties of blood, heritage and a common destiny. As the two countries pursue a unified vision and an actual policy of solidarity aimed at the stability of the region and achieving the well-being and security of its peoples. Today, the two countries are increasing their desire to double cooperation and joint coordination, and to develop and strengthen their complementary ties. He pointed to the role of the Saudi-Qatari Coordination Council in strengthening bilateral relations and expanding the partnership between the two countries to broader horizons in accordance with the National Vision 2030 for both Saudi Arabia and Qatar, in a way that supports the joint Gulf cooperation process.
More than 50 services provided by "Human Resources and Social Development" to the business sector
18/09/2022
During a meeting organized by the Asharqia Chamber branch in Jubail:
More than 50 services provided by "Human Resources and Social Development" to the business sector
The Director of the Office of the Ministry of Human Resources and Social Development in the governorate of Jubail, Mutlaq Bin Dahem Al-Qahtani, explained that the services of the Ministry targeted to the business sector are multiple and varied, and can be obtained automatically, or through the Ministry's offices located in the cities and governorates of the Kingdom.
This came during the (introductory meeting on human resources services and social development for the business sector), which was held at the headquarters of the Asharqia Chamber branch in Jubail on Wednesday, September 14, 2022, and was moderated by the Chairman of the Jubail Business Council Saad bin Muhammad Al-Buainain.
Al-Qahtani talked about 53 services provided by the Ministry in an automated manner, in rapid record times, most importantly, renewal of work permits, issuance of work permits for the final exits, such as Saudi and harmonization certificates, documents for self-employment, advertisement of jobs and establishment of their contracts via (telecommuting platform), settlement of the first offense against the obligation, certificate of commitment to protect wages, notifications of temporary work services, inquiry about an expatriate employee, objection to inspection irregularities, settlement against the settlement, electronic documentation, change of business activity of the enterprise, In addition, Qahtani reviewed several services provided by the Ministry of Human Resources through the Ministry of Human Resources Services Labour Offices through the offices of the Ministry of Human Resources in cities and governorates, including: "Customer service" such as the addition of an account manager, adjustment of occupations, placement of the establishment under the procedure, "labor relations" service before issuance of final exit permits, receipt of escape reports, transfer of worker services and other services such as "oversight and development of the working environment, friendly settlements, and services provided by the Supervision, Protection and Support Unit, This relates to what any embassies office or the Human Rights Commission receives in cases that require the intervention of the Ministry (or its office), and the services of the Domestic Labor Committee. Al-Qahtani reviewed several platforms through which all services are obtained, including the "Qiwa" platform, the "Wadi" platform, and the "Musaned" platform.
Asharqia Chamber intensifies preparations for the launch of the Awqaf Practices Forum
14/09/2022
It is sponsored by the Deputy Governor of the region and hosts 16 experts in the endowment field
Asharqia Chamber, represented by its Endowments Committee, is preparing to launch its forum (Waqf Practices 2022 ... Endowment Creativity and Innovation), which is sponsored by His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Province, and in strategic partnership with the General Authority for Endowments, on Wednesday. Corresponding to September 28, 2022 AD, it aims to promote a culture of creativity and innovation in the endowment sector.
The forum, which comes in five sessions, during which about 16 experts in the endowment field will speak, discusses several topics related to creative and innovative practices and experiences locally and globally that have positive returns on increasing the return from endowments in line with the objectives of the Kingdom's Vision 2030.
The Chairman of the Asharqia Chamber, Bader bin Suleiman Al-Raziza, said that the chamber is making preparations and equipment for the launch of the forum and that it harnesses all its capabilities to achieve success for it, noting that the topics of the discussion are in line with national options in the endowment sector by raising its efficiency and enhancing its contribution to sustainable development.
Since the launch of Vision 2030, the Meeting has been in a state of active mobility at all levels to diversify the economic base and increase the contributions of all economic sectors to GDP, he said, noting that the Forum reviews successful practices and experiences in upgrading the endowment, as well as the latest innovative and creative tools in achieving sustainable endowment growth.
For this part, the Chairman of the Awqaf Committee, Ayad Al-Qahtani, said that the Forum is targeted through its five sessions. To provide summaries of endowment experiences at home and abroad, which have been able to provide innovative and creative practices that support and sustain Waqf entities by developments in the world's economic structures; The Forum's working papers would highlight national innovation systems and their role in creating a supportive environment for innovation in the waqf sector. and the latest financial innovations in the field, institutions and Western endowment experiences in technological innovation, The impact of crowdfunding platforms on the sustainability of the non-profit sector as well as innovative solutions and opportunities to service endowments, and other papers relevant to the waqf sector and the subsequent developments, creativity and innovation have played a role in its occurrence.
"Economy" monitors creativity in the national economy
13/09/2022
"Economy" monitors creativity in the national economy
Asharqia Chamber's economics magazine in its latest issue has monitored several fast-growing features of the national economy, which has officially declared to be overtaken by all emergency conditions caused by the coronavirus pandemic. Is evidenced by its adoption of the concept of a creative economy, which adopts the combination of culture, trade, and technology, to transform creative ideas into business practices, promote economic growth, increase employment and raise the level of exports.
In its main theme, the magazine noted that the creative economy is characterized by rapid growth, sustainability, high flexibility, and resilience to economic volatility and change. Referring to the United Nations projections that a creative economy would be one of the main drivers of the global economy, Its current contribution is estimated at 3% of the world's gross product. estimated at the US $2.25 trillion annually, as well as to the Trade and Development Organization cultural goods and creative services ", demonstrated through its tracking of the cultural goods and creative services movement, For nearly 20 years, the growth rate of the creative economy's exports is higher than in other industries.
The magazine dealt with monitoring and analysis, the launch of the "Tasi Islamic Index", and its implications for the performance of companies listed in the major stock market to meet the growing demand for Shari 'a-compliant investment instruments and achieves an important step, within the Kingdom's objectives to become the capital of Islamic finance by 2030 in addition to addressing the significant recovery in the real estate sector during the current period, The sector will continue to rebound, accompanied by government spending and recovery from the fallout from the coronavirus pandemic. s social and economic transformation is progressing at an increasing pace.
The new issue also monitored the state of global momentum around the project "The Line", and its global model of a sustainable life is not just Kingdom-wide, Globally, the Kingdom of Saudi Arabia has become one of the world's first countries to take the path of modern technologies in its real estate sector by creating cities that adopt artificial intelligence. The issue, along with numerous opinion articles, analyses, and reports monitoring the growth of the industrial, agricultural and commercial sectors, included coverage of the most prominent events and economic events in various sectors.
Al-Amer: More than 547 million riyals cost of development projects in King Abdulaziz Port
08/09/2022
During the monthly meeting in the Asharqia Chamber
Al-Amer: More than 547 million riyals cost of development projects in King Abdulaziz Port
Asharqia Chamber held a monthly meeting for the business sector, which hosted the Director General of King Abdulaziz Port in Dammam, Captain Fahd bin Ahmed Al-Amer, in the presence of the Chamber’s President, Badr bin Sulaiman Al-Raziza, on Tuesday evening, September 6, 2022, at the Chamber’s headquarters in Dammam.
During the meeting, which witnessed a remarkable presence from the business sector and those interested, Al-Amer stressed the port's keenness on cooperation with the business sector in the region, pointing to the various investment opportunities witnessed by the port, which will be a fertile field for strengthening cooperation with the sector.
Al-Amer said during the meeting, which was attended by members of the Board of Directors, Badr bin Muhammad Al-Abdulkarim and Muhammad bin Ali Al-Majdouie, and managed by the Acting Secretary-General Khalid bin Ghazi Al-Otaibi, that the port is witnessing several development projects worth more than 547 million riyals, most notably: the modernization and development of electrical network systems for voltage The medium and low-lying areas of Dammam Port (Phase I), the project to complete and expand it, develop infrastructure facilities to feed new buildings with electricity, deepen the basin of the two western bulk cargo berths, in addition to the project to link the new power plant and power receiving station (115 kV), and supply and install backup generators. at the port.
On the port’s achievements, Al-Amer explained that the efforts of the recently formed working team to develop work in the port culminated in successive achievements that contributed to raising the level of performance, as King Abdulaziz Port in Dammam recorded a record number of handling more than (18) thousand TEUs for one ship The month of August of this year set a new record in container handling, which is the largest in the history of the port, handling nearly (200) thousand TEUs.
The port also witnessed the signing of an agreement to manufacture the latest technical coastal cranes to receive huge ships, as well as the launch of the Smart Ports initiative by the General Ports Authority, and the signing of memoranda to transform it into a smart port using 5G technologies, in addition to the signing of an agreement to establish a regional logistics center with one of the companies on an area Exceeding (81) thousand square meters, with an investment value exceeding (100) million riyals.
Al-Amer indicated that as part of the port’s endeavors to facilitate the movement of maritime freight, a new shipping service has been added to serve exporters and importers, through a company for the ports of Shanghai and Singapore, to the direct shipping service (GCS), which links China with the Arabian Gulf region.
The General Authority for Endowments is a strategic partner in the Endowment Practices Forum 2022
06/09/2022
Organized by the Asharqia Chamber under the patronage of the Prince of the region, this September
The General Authority for Endowments is a strategic partner in the Endowment Practices Forum 2022
The General Authority for Endowments participates as a strategic partner, among the government agencies participating in the Endowments Practices Forum 2022 AD, which is launched by the Asharqia Chamber under the patronage of the Governor of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, under the slogan (Endowment Creativity and Innovation).
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the forum, which will be held at the Chamber's headquarters on Wednesday, September 28, 2022 AD, will be attended by many institutions and individuals, including specialists, academic expertise, and those interested in the endowment sector. It will discuss many topics related to endowment creativity and innovation, leading to global endowments that contribute to the national economic system, establishing a culture of innovation, foreseeing the future and innovative financial technologies in endowments, in addition to highlighting innovative practices and initiatives in the endowment field and ways of disseminating them to various endowments. To achieve high investment returns and sustainable endowments.
Al-Raziza noted the great interest that the Kingdom attaches to the endowment sector, which stands today in the ranks of the first ranks of our national sectors, stressing that it is a sector characterized by its huge social, economic and cultural returns and contributes strongly to achieving our development goals, which confirms the importance of such a forum in identifying what Everything is new regarding the endowment sector and what the world around us has reached about the development of endowments financially and organizationally.
The Chairman of the Endowments Committee, Ayad Al-Qahtani, said that the Forum presents many topics related to innovation and creativity in the Waqf sector through several working papers submitted by specialists in the Endowments fields. For example, the role of national innovation systems in creating a supportive environment for innovation in the Endowments sector, Innovation laboratories to develop endowment, innovation systems, and their integration into endowments, and Western endowment institutions' practices and experiences in innovative technological and financial innovation as well as the impact of crowdfunding platforms on the sustainability of the non-profit sector, crowdfunding platforms in the sustainability of the non-profit sector, digital solutions, and e-platforms, And many other innovative-oriented topics in various fields of endowments.
Al-Qahtani indicated that the forum is trying to put in the hands of all segments of society in the eastern region the latest creative and innovative methods in the endowment sector, to raise the efficiency of the endowment sector and increase its growth, investments, and spread among the community.
The Chairman of Asharqia Chamber: "The Line" is a model of sustainable life worldwide
05/09/2022
On the occasion of the opening of the "Neom" Future City Design Exhibition
The Chairman of Asharqia Chamber: "The Line" is a model of sustainable life worldwide
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Razizi, praised NEOM for the designs of the Future City "The Line", which was inaugurated by His Royal Highness Prince Ahmed bin Fahd bin Salman, The Deputy Prince of the Eastern Province, on Sunday, and continues until September 26 at (Dhahran Expo)
He said: "The exhibition is a unique experience that provides an opportunity for everyone from different categories to keep abreast of the details of the architectural and engineering designs of The Line, inviting the business sector to visit the exhibition and learn about the designs of this city and its unique idea, which is illustrated and detailed by the exhibition's screens.
The designs on display give the impression that they are a city that is evoking today's distant future. They are a global shift the world has not seen yet, noting that this city with its innovative architectural and engineering designs challenges traditional flat and horizontal cities and creates a model for preserving nature and enhancing viability, addressing the challenges facing humanity in today's urban life.
He said that the Line is a model of sustainable life not only at the Kingdom level, but globally, and today the Kingdom is ranked one of the first countries to take the path of modern technologies in its real estate sector, providing cities that adopt artificial intelligence as a way to do so. City dwellers will have access to their destinations and needs within five minutes, thanks to the project's infrastructure and unique design for every detail.
Al-Raziza stressed that the “The Line” project supports achieving the goals of Vision 2030 by diversifying the economic base by providing thousands of job opportunities, and contributing by adding billions to the GDP, as it is an attractive city at all levels that meets the desire of those looking for calm, especially at this time. In which the urbanization movement has prevailed over nature, it is a natural, healthy, and innovative city in which information and communication technology are used to improve the quality of life.
Asharqia Chamber organizes an evening to review the experience of the "Al-Subaie Charity Foundation"
01/09/2022
Asharqia Chamber organizes an evening to review the experience of the "Al-Subaie Charity Foundation"
The Abdullah bin Ibrahim Al-Subaie Charitable Foundation has adopted the grant industry through various forms, including financial, knowledge, human, and advisory grants.
The Secretary-General of the Foundation, Secretary-General of the Council of Civil Institutions, Dr. Hassan Shriam, during an evening organized by Asharqia Chamber represented by the Centre for Social Responsibility on Wednesday, August 31, 2022, reviewed the experience of the Al Sabaie Charity Foundation on the forms of grants. He said that the Foundation's financial grants are to support social initiatives with funds for their implementation and access to beneficiaries. Knowledge grants come through several activities such as modeling charitable experiences and projects, making the experience, expertise, and resources of the Foundation available to the sector, transferring expertise to partners, as well as contributing to the dissemination of specialized knowledge content. Human grants come through the use of the institution's human staff to serve the philanthropic sector with expertise, knowledge, and working tools under the management and supervision of the enterprise's human resources management.
On the advisory grants, Shreim explained during the evening, which was moderated by a member of the Awqaf Committee in Asharqia Chamber, Engineer Musa Al-Mousa, that the advisory grants are summarized in the members of the institution providing their scientific and practical experiences to the charitable sector with its members and destinations as a summary of the experiences and knowledge generated in the institution as a result of studying grant applications, visiting projects, evaluating initiatives and monitoring lessons learned.
Sharim noted that Abdullah bin Ibrahim Al Sabaie Charity is a donor organization that cooperates with donor institutions at the strategic and operational level and strengthens the role of development agencies by granting them financial and administrative resources and raising the development of society by making a positive impact; The Foundation participates in other governmental and non-governmental institutions in the objectives of the Kingdom's ambitious Vision 2030 related through programs and initiatives in several areas of development through a working environment with attractive and stimulating capabilities and resources to achieve institutional pillars to take precedence with excellence to create a developmental impact.
Asharqia Chamber concludes the "Entrepreneurship" initiative by graduating 25 trainees who completed 40 training hours
30/08/2022
In cooperation with the Dammam branch of the Social Development Bank
Asharqia Chamber concludes the "Entrepreneurship" initiative by graduating 25 trainees who completed 40 training hours
Asharqia Chamber, represented by the Women's Empowerment Center, concluded the "Entrepreneurial Initiative", which it organized in cooperation with the Dammam Branch of the Social Development Bank, in a ceremony hosted by the Chamber's headquarters on Monday evening, August 29, 2022.
The Chairman of the Chamber’s Board of Directors, Badr bin Suleiman Al-Raziza, in the presence of the General Manager of the Bank’s branch, Hussein bin Abdullah Al-Sunna, honored the participants in the initiative program. Certificates of passing the program were also handed over to 25 trainees who completed 40 training hours within 10 days, and that was during the ceremony, which was attended by a member of the Chamber's board of directors, Agharid bint Ihsan Abdel-Gawad.
Al-Raziza said that this program targets young Saudi women wishing to work in self-employment, as it seeks to deepen this concept and develop their commercial sense, by introducing the characteristics and characteristics of female investors, while monitoring the basic skills to identify investment ideas, providing guidance services and follow-up on the implementation of projects correctly. This trend is in line with the aspirations of our country to open more horizons with the young Saudi woman, who has proven her ability, will, and unlimited ambition, not specified in one field without another of this orientation.
"Small and Medium Enterprises Forum" adopts the dissemination of technical concepts to develop performance
29/08/2022
"Small and Medium Enterprises Forum" adopts the dissemination of technical concepts to develop performance
In its many efforts to support and nurture these facilities, with the participation of several experts, specialists, and entrepreneurs, The Asharqia Chamber under the auspices of His Royal Highness Prince Saud bin Naif bin Abdulaziz Prince of the Eastern Region on Sunday, November 27, 2022, to raise awareness of the importance of financial technology among investors, Building on distinctive global experiences and leading financial technology in supporting SMEs ".
Al-Raziza explained that the forum, which is being held at the Chamber's headquarters in Dammam, seeks to transform investment, financing, and financial technology issues, to be major tributaries of development and expansion channels for small and medium enterprises.
He stated that the forum seeks to identify the best economic sectors in which small and medium enterprises can invest and support them, by introducing the concept of partnerships and alliances for small and medium enterprises as a strategic option and by developing the skills of owners of administrative and technical small and medium enterprises.
Al-Raziza said that the forum will discuss important themes, most notably "the role of financial technology in empowering small and medium enterprises in light of the Kingdom’s vision 2030," “diversity of sources of financing and investment for small and medium enterprises,” and "the future of the financial technology sector in supporting small and medium enterprises."
He also indicated that the Chamber, to support this vital sector, seeks through the forum to benefit from new experiences through the participants in the forum, pointing to the various experiences witnessed by the forum, calling on the business sector and employees of the small and medium enterprises sector to interact with the forum and benefit from the experiences participating in it.
Job Fair 2022 is witnessing a remarkable turnout from private sector companies and institutions
28/08/2022
Organized by the Asharqia Chamber, under the patronage of the Prince of the region, next October
Job Fair 2022 is witnessing a remarkable turnout from private sector companies and institutions
The "Jobs 2022" exhibition, organized by the Asharqia Chamber under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, during the period 24-27 October 2022 AD, on the territory of the Dhahran International Exhibition Company (Dhahran Expo) in Al Rakah, is witnessing a remarkable turnout from companies and institutions The private sector in order to participate in the most prominent event in the field of employment in the region.
The eighth edition of the exhibition received attention from companies, institutions, and governmental and private entities involved in the development and development of human resources, which began to book their places at the exhibition in preparation for participation.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, reaffirmed the interest of companies, institutions, and government agencies in participating in the exhibition, which is an important channel in the field of employment.
Al-Raziza said that the exhibition offers many different job opportunities, which are commensurate with the needs of the private sector, from a variety of disciplines, noting that the labor market has witnessed many achievements for job seekers and entering new professions that keep pace with the development in the world, especially in the technical field.
Al-Raziza pointed out that wise leadership worked significantly to develop systems and programs that contributed to the development of human resources capabilities and the refinement of the talents of national competencies, leading to the occupation of many diverse jobs and senior positions in local and foreign companies.
The exhibition aims to support efforts to localize jobs in the private sector and reduce the unemployment rate according to the objectives of the Kingdom's Vision 2030, highlight the role of this sector in attracting national competencies, providing job opportunities for Saudi youth, and achieving communication between the business sector, training and employment service providers and specialists in human resources management and employment.
The importance of the exhibition is also the companies that want to benefit from the services of qualified national competencies and provide services to the young people who are scientifically and practically qualified. The exhibition provides them with several options to apply their information and expertise, as well as the efforts of the intermediaries that train, teach, qualify and coordinate the contractual relationship between labor students and companies.
"Taqees" program stresses the importance of calibration in enhancing consumer confidence
25/08/2022
"Taqees" program stresses the importance of calibration in enhancing consumer confidence
The Saudi Commission for Standards, Standards, and Quality, as represented in the National Standardization and Calibration Programme, stressed that the application of legal calibration has a direct impact on the consumer, contributes to enhancing the quality of life of the individual and society, and provides effective solutions to any differences between the consumer and the calibrated service provider.
This came during a workshop held Wednesday, 24 August 2022, virtual in the Asharqia Chamber entitled "National Programme for Standardization and Calibration: Legal calibration in Saudi Arabia), presented by the Director of the Support and Business Coordination Unit of the Programme Engineer Obeidan Sendi, who emphasized that the application of calibration achieves the protection and enhancement of consumer confidence and raising the quality standard of the tools used, also contributes to "To enhance the quality of life of the individual and society by conforming measurement tools to national standards affecting society in the field of trade, environment, safety, health, etc., with a neutral (third party) entity to evaluate and resolve complaints and differences between consumer and service provider.
Eng. Sendi explained that the National Standardization and Calibration Program "Taqees" is one of the initiatives of the Saudi Authority for Standards, Standards, and Quality within the National Transformation Program 2020, which aims to conform legal measurement tools to the standard specifications to ensure the validity of the quantities sold by conducting technical checks and field verification.
Measured commercial transactions included the sale and purchase of goods and services that required a measurement process to determine their value, as legal calibration applied to devices used in commercial transactions (e.g.: Electricity, gas, water, speed meters, taxis, as well as non-automatic balances, fuel pumps), the purpose of which is to protect the seller and buyer through the application of fair trade, and to facilitate international trade in line with international specifications.
He continued that the product (or model) is calibrated before entering the markets, and adopts the model (during manufacture), through a certificate awarded to all measurement tools to ensure that they conform to the recommendations of the International Organization for Legal Calibration and relevant standards; Through this, it is ensured that the product model conforms to international specifications International Organization of Legal Calibration ", having provided, inter alia, a conformity certificate issued by the International Organization of Legal Calibration, A document explaining the measurement instrument's operational and technical principles and highlighting its metrological characteristics and a diagram of the dashboard and an example showing places for metrological control marking, Any other instrument-specific document provided for in the technical annex to the measurement instrument, adding that the model was then subject to preliminary verification which is performed on new or repaired or maintained measurement tools and prior to authorization of their use in the areas of the measurement system for the purpose of examining their conformity with the approved model and their response to mandatory requirements; This verification includes checking the conformity of the measurement system and its components to the National Model Certification Certificate and metrological inspection of the measurement system and verification of maximum error rates, and marking of protection on the core parts of the instrument's measurement system for non-replacement.
It is worth mentioning that the initiative "Taqees" started in 2015 with the proposal of the Saudi Authority for Standards, Standards, and Quality during the workshops of the National Transformation Programme 2020. The initiative and its detailed plans approved Supreme Order No. (54878) In 2016, in 2018, legal calibration was launched in Riyadh as the first phase under the name of the National Standardization and Calibration Programme "Taqees", thus expanding field services to all regions of the Kingdom and opening the space for the private sector to contribute to the provision of verification services under supervision "Taqees", and in 2020 "Taqees" areas and services expanded to include fuel pumps, non-automatic balances, electricity meters, and water meters.
Asharqia Chamber keeps pace with the International Day of Entrepreneurship by implementing several specialized events and activities
24/08/2022
Asharqia Chamber keeps pace with the International Day of Entrepreneurship by implementing several specialized events and activities
Coinciding with the International Day of Entrepreneurship, Asharqia Chamber, represented by the Small and Medium Enterprises Center, has implemented several activities aimed at supporting the "entrepreneurship" sector, which comes in line with the Chamber's direction to support and care for the small and medium enterprises sector.
The Chamber intensified its activity this week, which coincided with the International Day of Entrepreneurship last Sunday, where it held many events specialized in this field, including: “The Basics of Success of Small and Medium Enterprises”, in which several specialists participated in a direct meeting with several pioneers, during which they exchanged destinations Consider increasing the number of pioneers and providing them with ideas, proposals, and consultations.
The Chamber also provided, through the specialists of the Free Entrepreneurship Consultancy Programme, which has been frequently implemented by its branches in Al Khafji, Jubail, and Al Qatif, as well as parallel sessions in the Asharqia Chamber of Entrepreneurs Incubation during International Entrepreneurs' Day, and witnessed significant interaction, as well as a workshop held in cooperation with the General Authority for Small and Medium Enterprises, "Project of Store Operating Guides", and explained all the information and procedures needed by the young business sector to enter this sector such as activity requirements and various working procedures for operating the activity, supported by files that help the trader establish his training as a feasibility study model, business plan and activity-related advice collected from the experiences of the business owners in the activity.
The Chamber accompanied the International Entrepreneurship Day by producing a video that included meetings with senior officials and businessmen in the Eastern Region headed by His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud the Prince of the Eastern Region and His Excellency Dr. Majid bin Abdullah Al-Qasabi and His Excellency the Secretary of the Eastern Region, Eng. Fahd bin Mohammed Al-Jubeir included awareness and motivational messages that summarized many years' experience and offered lessons learned in various areas that provided solutions to many challenges that may confront a pioneer or entrepreneur these messages were broadcast via their channels on social media under the heading "Message from" as broadcast through internal screens at Al-Rashid Al-Khobar complex to ensure that it reaches the most significant number of visitors.
In the same vein, the Chairman of the Asharqia Chamber, Badr Razizi, emphasizes the role of the Orientale Chamber in supporting entrepreneurship, which she regarded as an inherent essence in her strategic plans, and always promotes the culture of self-employment among the people of the region, by implementing numerous programs, meetings and workshops targeting young men and women in the area to enable them to achieve success and creativity in their emerging projects. To meet the need of the entrepreneurial community in the area, the Chamber has established a business incubator aimed at guiding and accelerating the growth and success of emerging ideas, achieving administrative and technical training and guidance, qualifying the project to be accepted by investors, and promoting communication among entrepreneurs. "
Al-Raziza explained that entrepreneurs in the Kingdom in general and the eastern region, in particular, demonstrate day by day that they are responsible. There are many success stories in entrepreneurship that deserve praise and pride and have been able to bring about significant development and change in the business world and inspire all of us and make us sure that our young people can succeed and achieve their goals.
Al-Raziza said that entrepreneurship is a contributory element and a main driver of the economy, and the state relies on it a lot, and it comes as one of the most important objectives of the vision aimed at diversifying sources of national income, noting that Vision 2030 aims to raise the contribution of small and medium enterprises in the gross domestic product to 35%, by 2030 AD."
Specialist: 7 Keys to Successful Small and Medium Enterprises
23/08/2022
During a meeting organized by the Asharqia Chamber of Entrepreneurship Incubator
Specialist: 7 Keys to Successful Small and Medium Enterprises
Asharqia Chamber of Entrepreneurship Incubator organized a meeting that reviewed the "basics of the success of small and medium enterprises", at the incubator's headquarters in the Chamber Tower, on Monday evening, August 22, 2022.
The businesswoman and developer of small projects, Waad Abdulaziz Abunayan, explained during the meeting that the entrepreneur should think about starting their project in a way he can provide new services and increase his monthly income, noting that marketing methods have changed dramatically and the means are available to everyone at any time.
Abunayan said that the entrepreneur, after launching his project, should take into account the high level of awareness among customers. If he decides to promote his services through social networking sites, he should focus on several considerations, including that the content he uses to promote on social networking sites should be attractive, elegant, quickly spread, and reflect a high sense of confidence. she pointed out that the opportunity comes through skill, idea, passion, choosing the right market, and marketing.
Abunayyan stressed the need to decide to start and launch the project, pointing out that the key to success in any project, especially small and medium enterprises, lies in good planning and setting the desired goals and expectations at all stages, whether during the project establishment period or actual production, marketing, and sale. It is also very important for the entrepreneur to set reasonable goals and ambitions for his project, especially during the early years, to grow and progress. Therefore, all owners of new companies must plan well and properly and set goals and expectations that can be achieved even under unfavorable economic conditions.
And about the 7 keys to the success of projects, she said that they are summarized in choosing the appropriate project, providing the necessary budget for the project, setting strategies and work plans, in addition to studying the project, obtaining assistance from experts and consultants, respecting clients, and finally extracting all legal papers before the project is launched.
Women's Economic Forum discusses women's progress in the energy, industry, and technical sectors
23/08/2022
Organized by the Asharqia Chamber "via video communication" under the patronage of the Prince of the Eastern region
Women's Economic Forum discusses women's progress in the energy, industry, and technical sectors
The seventh edition of the Women's Economic Forum 2022, organized by the Asharqia Chamber under the auspices of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, is discussed under the theme "Making Change". One of the most important pillars of the Kingdom's Vision 2030 is the empowerment of women in family enterprises and the strengthening of their role in decision-making.
The forum, "Via Visual Communication", will also be held on Wednesday, November 16 via the zoom platform, and will review the march of women in the energy, industry, and technology sectors, as well as environmental and social practices and corporate governance.
The Chairman of the Board of Directors of Asharqia Chamber, Badr Ben Suleiman Al-Rizizeh, said that the most distinctive feature of the seventh edition of the Forum is the diversity of the topics to be addressed and the collective dialogue he embraces on the various roles that women can play in realizing Vision 2030, which emphasized that women are one of the most important elements of the Kingdom's future.
Al-Razizi explained that the Forum represents an extension of previous versions organized by the Chamber over the past years and has witnessed considerable interaction and concluded several recommendations in support of the march of women in the economic sector. It comes from the Chamber's keenness to keep abreast of the economic developments and transformations in the country and their implications for Saudi women as active and influential partners in the process of growth and development.
He noted that the Chamber always provides support and advice through its various channels to improve the level of Saudi women, especially in the economic fields, by urging them to develop and modernize mechanisms in the areas of production and business administration, stressing the importance of the Forum as it reviews the empowerment achieved by women in various fields and highlights their active participation in the Kingdom's development renaissance.
In its previous versions, the Forum discussed the support and financing of SMEs. Women's Partnership in Development as a national and social imperative and their economic empowerment both in corporations and through business women's organizations and associations, as well as the discussion and empowerment of the most important legislative and social constraints in economic decision-making, The main regional initiatives aimed at increasing women's social and economic opportunities and the impact of women's participation on economic growth and efforts to empower them at all levels were also highlighted.
The Endowment Forum aims to increase innovative practices and entities in the endowment field
22/08/2022
The Endowment Forum aims to increase innovative practices and entities in the endowment field
The Endowments Forum, organized by the Ashaqria Chamber, is represented by the Endowments Committee under the auspices of the Prince of the Eastern Region, His Royal Highness , "Saud bin Nayef bin Abdulaziz Al Saud", On 28 September next, to increase innovative practices and entities in the field of Endowments , To stimulate and promote a culture of innovation in endowment practices and to review the most prominent global and local innovative practices in this field, and enhancing coordination and complementarity among Endowments in the area of innovation, as well as presenting innovative opportunities in the applications of Endowments.
The Chairman of Asharqia Chamber, Badr bin Suleiman Al-Razizi, said that the forum is aimed at leaders of endowment work and the non-profit sector, all researchers and advisors in the field of endowment, as well as those interested in international and Arab awards in the field of creativity and institutional innovation, specialists in creativity and endowment, as well as members of the endowment council.
Al-Raziza pointed out that the Kingdom's Endowments sector represents the greatest place in the Kingdom, in view of the support and interest of the wise leadership in all that would enhance this vital sector and bring it to the diversity of its channels and investments and redirect it towards development needs and priorities.
Al-Raziza went on to say: "The interest and sponsorship of leadership in the sector has contributed to its development and enhanced its role in the country's pursuit of sustainable development, pointing to the huge returns that the endowment sector offers not only at the economic level but also at the humanitarian level by contributing to the addition of various and supportive endowment pronouncements that are a sign of our excellence.
He said that in view of the importance that the endowment sector occupies and the level of its impact, it is important to present new proposals that raise the efficiency of endowments, increase the growth of their investments and their spread among the community, hence the idea of this forum, which highlights the best practices in creativity and innovation endowment, on the Light of the goals of Vision 2030.
The General Authority for Competition: Competition laws contribute to encouraging innovation, development and growth
21/08/2022
During a workshop held in the Asharqia Chamber on Thursday:
The General Authority for Competition: Competition laws contribute to encouraging innovation, development and growth
An official at the General Authority for Competition said that the authority is independent and concerned with supervising the implementation of the competition law, which specifically aims to promote and encourage fair competition and combat monopolistic practices that affect legitimate competition.
In the Asharqia Chamber workshop on Thursday, August 18, 2022, in cooperation with the General Authority for Competition, in the presence of representatives of the business sector, the director of legal affairs at the authority, Hammoud Al-Otaibi, touched on several issues related to the system, and talked about the types of monopolistic practices that may occur in the market, or have previously occurred and initiated Commission.
Regarding violations of the competition law, Al-Otaibi mentioned that the prohibitions fall under three types, first, the agreement between the competitors and its multiple forms, second, the misuse of the dominant position, and he cautioned that dominance in itself is not a violation, but it puts the facility in a position that facilitates the breaching practices, and thirdly the failure to Reporting to the Authority about economic concentration operations. He also noted that failure to cooperate with investigators and inspectors when considering the status of the facility is considered an additional violation.
Al Otaibi called for participation in the compliance program offered by the Authority to enable enterprises to know and avoid competition irregularities in all layers of the institution, urging the business sector to visit the website of the Authority and see the sustainability programs provided, noting the importance of the sustainability of enterprises and their role in increasing economic participation.
During the workshop, Al-Otaibi stated that competition laws often contribute to encouraging innovation, development, and growth, and limit the harmful effects of monopoly on the economic and social system, and thus result in achieving consumer welfare by stimulating creativity and dedication to providing goods and services at competitive prices and high quality, as a result of the competitive environment. Attracting investments, as it enables all establishments, especially small and medium enterprises, to participate in various economic activities, distribute economic resources, achieve competitive prices and quality, and thus provide continuous development for economic activities, in line with the vision of the wise leadership of the local economy and markets.
The Chairman of Asharqia Chamber: Success stories of Saudi youth in entrepreneurship are inspiring and worthy of praise and pride
21/08/2022
On the occasion of World Entrepreneurship Day
The Chairman of Asharqia Chamber: Success stories of Saudi youth in entrepreneurship are inspiring and worthy of praise and pride
The Chairman of the Board of Directors of Asharqia Chamber, Badr bin Suleiman Al-Raziza, congratulated the entrepreneurs on World Entrepreneurship Day and said: (Entrepreneurs in the Kingdom in general and the Eastern Region, in particular, are proving by the day that they are responsible. Many entrepreneurial success stories deserve praise and pride. They have made significant development and change in the business world, inspire us all, and ensure that our young people can succeed and achieve goals.)
He pointed out that the Saudi youth dealt positively with the government incentives that were presented to them, as the state, for its part, provided all factors of care and support for entrepreneurs and those wishing to work freely, who live in an unprecedented era in terms of government support and semi-governmental and private programs until the Kingdom topped the list according to the Global Monitor Index. For Entrepreneurship, ranked first in the world in four indicators of entrepreneurship globally.
Al-Raziza said that entrepreneurship is a contributory element and a primary engine of the economy, and the state relies on it a lot, and it comes as one of the most important goals of the vision aimed at diversifying sources of national income, noting that the 2030 vision seeks to raise the contribution of small and medium enterprises in the gross domestic product to 35%, by 2030 AD.
Al-Razizi emphasized the role of the Asharqia Chamber in supporting entrepreneurship, which it considered to be a vital essence of its strategic plans, and has permanently embedded culture of self-employment among the people of the region, by implementing numerous programs, meetings, and workshops targeting young men and women of the area to enable them to achieve success and creativity in their emerging projects. He said: (To meet the need of the entrepreneurial community in the region, the Chamber has established a business incubator aimed at guiding and accelerating the growth and success of emerging ideas, achieving administrative and technical training and guidance, qualifying the project to be accepted by investors, and promoting communication among entrepreneurs.)
Signing a cooperation agreement to organize the second national forum for the sustainability of family businesses
18/08/2022
Signing a cooperation agreement to organize the second national forum for the sustainability of family businesses
Asharqia Chamber signed a cooperation agreement with the National Center for Family Establishments on Thursday, August 18, 2022, aimed at cooperating in scientific and technical fields and exchanging experiences to organize the second National Forum for the Sustainability of Family Establishments to be held in December.
The cooperation agreement was signed by the Chamber’s Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and the CEO of the National Center for Family Enterprises, Dr. A’idh bin Ibrahim Al-Mubarak. The agreement aims to enhance aspects of cooperation and coordination to serve the objectives of organizing the forum, in addition to integration in preparing the executive plans for the forum.
The agreement also aims to provide support for everything that would advance the family business sector through the forum and enhance cooperation in attracting expertise and competencies to improve the services of the business sector, and coordination and integration to serve the objectives of both parties, according to the items it included.
The agreement reflects the Chamber and the Center's keenness to cooperate in implementing programs that contribute to the development of the family business sector by providing expertise and research studies that help ensure the continuity of companies for several generations to come, and achieve sustainable development for them, in addition to the following governance and listing policies, settling disputes, and addressing the challenges they face.
Asharqia Chamber and "Monsha'at" organize a workshop that reviewed the draft guide to operating stores
17/08/2022
Asharqia Chamber and "Monsha'at" organized a workshop that reviewed the draft guide to operating stores
Asharqia Chamber, represented by the Small and Medium Enterprises Center, in cooperation with the General Authority for Small and Medium Enterprises "Monsha'at", organized a workshop that reviewed the draft guide to operating stores, at the Chamber's headquarters in Dammam.
The Specialist Ibrahim Al-Morished from "Monsha'at" said during the workshop that was held on Wednesday, August 18, 2022, that the authority aims, through the project, to expand the scope of support and encouragement of the business sector in the activities of the retail sector, by preparing electronic guides and training bags for 20 targeted exercises in the project To cover all the information, requirements and detailed operating procedures for each activity, according to the needs of the relevant authorities from the public and private sectors, in support of business owners in the post-launch stage in a manner that ensures their achievement of competitiveness and business sustainability.
Al-Morished said that the project contributes to motivating business owners to enter into the activities of the retail sector and contribute to the domestic product, documenting the necessary procedures for investment and starting various activities in the retail sector, and creating a homogeneous and attractive work environment for workers in the retail sector.
Al-Morished explained that the sector faces many challenges that limit its development and development in the required manner, including: the multiplicity of legislators and regulators of this sector, the lack of a clear vision and procedural sequence to obtain permits to engage in these activities, and the different operational processes for each activity, which increases the difficulty of the investor’s entry activity, in addition to the absence of cumulative experience to know how to work, continuity and competition in it, in addition to the presence of some erroneous practices and the exploitation of some links in the value chain of the sector starting from the establishment to the operation, so it was directed to build a guide for the retail sector where the guide focuses on the most commercial activities Contribution to the gross domestic product and the fastest growing and market entry, noting that the electronic evidence includes information, government procedures and relevant authorities related to the activity that the business sector needs to enter the sector, such as the requirements of the activity and the various work procedures to operate the activity, supported by files that help the merchant to establish his activity as a feasibility study model A business plan and business-related advice gathered from business owners’ experiences beach.
The Prince of the Eastern Region sponsors the Training Forum in light of the digital transformation
15/08/2022
The Prince of the Eastern Region sponsors the Training Forum in light of the digital transformation
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, the Asharqia Chamber is organizing a "Training in the Light of Digital Transformation" forum on Wednesday, November 9, 2022, at the headquarters of the Asharqia Chamber.
His Excellency Dr. Ahmed bin Fahd Al-Fuhaid, Governor of the Technical and Vocational Training Corporation, will participate in the main session. The forum will discuss several themes, most notably: the role of digital transformation in building future skills, empowering leaders, and building leadership competencies.
For this part, the Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, valued the patronage of His Highness, the Prince of the Eastern Region, for the forum, stressing his constant support for the Chamber and its work and his continuous sponsorship of its programs and initiatives.
Al-Raziza said that the participation of His Excellency Dr. Al-Fuhaid in the forum confirms the importance of the training process in developing the capabilities of human resources, on which countries rely in implementing their development plans, and the state's keenness, may God preserve it, to upgrade the capabilities of national cadres and qualify them with the most important sciences and skills.
Al-Raziza explained that the forum aims to highlight the importance of training in qualifying national cadres in modern disciplines in line with the requirements of the Kingdom's Vision 2030 and to review the impact and contributions of the private sector in this area as an activity that seeks to achieve the goals for the development and development of knowledge aspects. Scientific, informatics, ways of thinking as well as positive behavioral change on the side of different skills and abilities and performance development This is reflected in the positive change in the working mechanism, which helps to implement the plans developed according to the highest standards.
Al-Raziza pointed out that the forum witnesses the participation of experts and specialists in the field of training, in addition to training and advisory bodies and institutions, to review the distinguished models in this sector, and to discuss lessons learned from experiences in this field, noting that training programs help expand the horizons of administrative behaviors related to flexibility in Work, organized thinking the ability to tackle and deal with various problems, and the ability to adapt to changes and new working conditions, in addition to developing communication skills, motivating employees and investing their abilities in the interest of all.
Al-Raziza stated that the forum highlights the success of the sector and highlights the challenges it faces, stressing that valuable training programs that keep pace with changes in the working style and disciplines will open opportunities for trainees to work in different fields and the creation of a qualifying second-row that can be relied upon for delegation of authority and efficiency in performance and production, Preparing for the profession is a changing requirement with the influence of many factors such as technical development in many aspects of life.
The Prince of Eastern sponsors the Endowment Practices Forum 2022 at the end of next September
14/08/2022
Organized by the Asharqia Chamber around creativity and endowment innovation
The Prince of Eastern sponsors the Endowment Practices Forum 2022 at the end of next September
The Prince of the Eastern Province, His Royal Highness Prince "Saud bin Nayef bin Abdulaziz Al Saud", is sponsoring the Forum for Endowment Practices 2022 AD, which is organized by the Asharqia Chamber represented by the Endowment Committee, under the slogan (Endowment Creativity and Innovation), on Wednesday, September 28, 2022 AD, in which many will participate. Academics, experts, and those interested in the field of endowments.
The forum aims to present the best endowment practices and shed light on creative and innovative methods with positive returns on increasing the return from endowments and raising the efficiency of the endowment sector, both in terms of the quality of services provided or in terms of upgrading the industry as a whole in the national economic system.
The Chairman of the Asharqia Chamber Council, Badr bin Suleiman Al-Raziza, praised the patronage of His Highness, the Emir of the region, for the forum. His great support for the activities and activities of the Chamber, noting that all the Chamber’s events receive great attention from His Highness, and said, “The 2030 vision emphasized the role of the endowment sector in achieving diversification. The economic endowment as well as the role of the private sector in empowering the endowment sector.” He pointed out that the forum comes in light of the growth in all sectors, by highlighting the latest practices of endowment promotion.
Al-Raziza said that the forum represents an extension of the previous forums and a continuation of the Chamber’s map in supporting the endowment sector in the Eastern Region and that it will review successful practices and experiences in upgrading endowments, as well as the latest innovative and creative tools in achieving sustainable endowment growth, stressing the importance of the forum’s topic where creativity and endowment innovation which supports the expected goals of the endowment sector in the Kingdom by increasing its growth and expansion and reformulating it according to the latest administrative regulatory frameworks.
Asharqia Chamber and the Saudi Council of Engineers sign a memorandum of cooperation in scientific fields and exchange of experiences
10/08/2022
Asharqia Chamber and the Saudi Council of Engineers sign a memorandum of cooperation in scientific fields and exchange of experiences
Asharqia Chamber signed on Wednesday, August 10, 2022, a memorandum of cooperation with the Saudi Council of Engineers, aimed at cooperation in the scientific and research fields, exchanging experiences and providing capabilities and qualified cadres to provide awareness and specialized programs in the field of engineering.
The memorandum of cooperation was signed by the Chamber’s Secretary General, Abdul-Rahman bin Abdullah Al-Wabel, and the commission’s Secretary General, Eng. Abdul-Nasser bin Saif Al-Abdullatif. In the presence of a member of the Chamber’s Board of Directors, Hamad bin Hamoud Al-Hammad, a member of the Board of Directors of the Authority, Engineer Mubarak bin Hadi Al Omar, and the Director of the Authority’s branch in the Eastern Region, Eng. Muhammad Al-Quraii.The memorandum aims to enhance joint work, coordination, and integration to serve the objectives of both parties, aiming to raise the level of performance of workers in the private sector.
The memorandum reflects the interest of the Chamber and the Authority in cooperating in the implementation of programs that contribute to the development and development of the capacities of human resources related to the field of engineering and are concerned with the development of engineering fields, including the service of engineering professionals and their employees in all fields.
It also aims to support business development. Enhance cooperation in the field of engineering and increase the efficiency of services and solutions provided, coordination, and integration to serve the parties' objectives, by the provisions contained therein.
This step comes within the framework of the Ashaqria Chamber's keenness to provide activities that raise the level of the human factor working in the private sector and integrate with all relevant authorities.
Asharqia Chamber continues its preparations to organize the eighth edition of "The Jobs 2022" exhibition
08/08/2022
Next October, under the patronage of His Highness the Prince of the Eastern Province
Asharqia Chamber continues its preparations to organize the eighth edition of "The Jobs 2022" exhibition
Asharqia Chamber, represented by the Employment Center, continues its preparations to launch the eighth edition of the “Jobs 2022” exhibition under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, during the period 24-27 October 2022 AD on the grounds of the Dhahran International Exhibition Company (Dhahran Expo).
The Chairman of the Board of Directors of the Asharqia Chamber Badr bin Sulaiman Al-Raziza said that the exhibition aims to support efforts to localize jobs in the private sector, and highlight the role of this sector in attracting national talent, providing job opportunities for Saudi youth, and achieving communication between the business sector on the one hand, and providers of training and employment services and specialists. The management of human resources and employment on the other hand, and between these parties and job seekers on the third hand, also contributes to reducing the unemployment rate by the objectives of the Kingdom’s Vision 2030.
Al-Raziza explained that the exhibition, in its eighth edition, will witness the participation of several companies and institutions, in addition to several government and private agencies concerned with the development of human resources.
Al-Raziza said that the exhibition comes at a time when national competencies of both sexes continued to record successes in the field of work, as a result of the tremendous support directed to them by the wise leadership, and the confidence that was embodied in several initiatives that contributed to increasing their participation in national development.
Al-Raziza believes that the importance of the exhibition appears in three fundamental aspects. The first aspect is the companies that wish to benefit from the services of qualified national competencies, while the second aspect comes within the framework of helping the scientifically and practically qualified youth, as the exhibition provides them with several options to apply their information and expertise. The exhibition constitutes a channel for national competencies who are looking for job opportunities through which they highlight their energy, achieve their aspirations and support the development options of the country in general. The third aspect is represented in the intermediary agencies that train, educate, qualify and coordinate the contractual relationship between the two parties (work students and companies).
The Prince of Eastern Province sponsors the activities of the "Small and Medium Enterprises Forum" next November
03/08/2022
It will be organized by the Asharqia Chamber in late November
The Prince of Eastern Province sponsors the activities of the "Small and Medium Enterprises Forum" next November
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsors the "Small and Medium Enterprises Forum", which is organized by the Asharqia Chamber on Sunday, November 27, 2022, as part of its programs to support and care for these enterprises, with the participation of several experts, specialists and representatives of government and private agencies.
The Chairman of the Chamber’s Board of Directors, Badr bin Sulaiman Al-Raziza, said that the forum, which will be held at the Chamber’s headquarters in Dammam, discusses, in its new version, several axes, most notably investment, financing, and financial technology projects, for these concepts to be main tributaries to the channels of development and expansion of small and medium enterprises.
He explained that the forum will seek to achieve several goals, most notably spreading awareness of the importance of financial technology among investors and the small and medium enterprise sector in the Kingdom in general, and in the Eastern Province in particular, and benefiting from the distinguished and pioneering global experiences in financial technology in supporting small and medium enterprises.
Al-Raziza added that one of the objectives of the forum is to highlight the role of the Asharqia Chamber in the region to be among the best sponsors of small and medium enterprises, Appreciating His Highness, the Governor of the Eastern Province, for sponsoring this event, which confirms His Highness' keenness to develop performance in an important sector, which is the sector of small and medium enterprises.
Al-Raziza stated that the forum also seeks to identify the best economic sectors in which small and medium enterprises can invest and support them, by introducing the concept of partnerships and alliances for small and medium enterprises as a strategic option and developing the skills of owners of administrative and technical small and medium enterprises.
Reviewing the importance of "credit reports" on the performance of entrepreneurs and financial institutions
03/08/2022
In a public lecture held in the Asharqia Chamber held on Monday
Reviewing the importance of "credit reports" on the performance of entrepreneurs and financial institutions
Specialist Abdullah Al-Musehar, The Head of the Corporate System at SIMAH, stressed the importance of credit reports for entrepreneurs, and for financing facilities that support their importance in enhancing the performance of small and medium enterprises in particular and avoiding many risks. He stressed that the credit report comes in several forms depending on the type of credit and the level of the institution, and it involves It has many advantages that are reflected in entrepreneurs and donor institutions alike.
He said during a lecture held at Asharqia Chamber yesterday, Monday 1 August / 2022 under the title (the importance of the credit report and its role in enhancing access to finance), that credit information is of great importance to enterprises (small and medium ones in particular), as it contributes to creating sustainable development and the advancement of productive activities. It reduces the uncertainty of dealing with small and medium enterprises, provides financing institutions with an accurate account of credit behavior, thus contributes to the distribution and diversification of economic activities, and thus stimulates the financing of small and medium enterprises.
Al-Musehar added that credit involves several risks, including the possibility of a loss for the lender through the borrower's failure to pay and fulfill obligations, which confirms the need to assess these risks, which are usually done through several factors, most notably the borrower's credit history. The total debt burden is borne by this borrower and the debt-to-income ratio of the borrower. The guarantees are provided for financing or the loan.
Hence, the importance of the credit report, which is characterized by several advantages, mentioned by the lecturer, and said that they are reflected on the entrepreneur, as it contributes to regulating the pioneer’s financial obligations and financial planning, and gives him the right to access his information with the authorities he dealt with, and to know any change that occurred in it, as well as knowing The status of the guaranteed financing for another person and the extent of his commitment to pay it, making sure that there is no bounced check registered in his name, and knowing who inquired about his report for the past two years,
Al-Musehar added that the credit report is an effective and reliable tool for accessing past and current credit information with credit donors at any time, knowing the credit behavior of the facility with the financing agencies, and contributing to drawing up the business strategy of a leading business enterprise and the financing plan necessary to operate its activities and enhance opportunities for obtaining appropriate financing. From financing agencies, speed up the procedures for obtaining financing for your facility
He pointed out that the benefits of the credit report are not limited to the pioneer only, but are important to the financing bodies, as they contribute to reducing financial risks, building close financing relationships, providing more accuracy in providing appropriate products, and reducing information asymmetries.
He concluded by saying that the credit report is detailed as it comes as a summary and mostly deals with a set of information on the identity of the facility, facilities at the facility level, the distribution of facilities at the risk level, product details, commercial credit products, service product details, maturity and arrears information, information on products Non-performing, bounced check information, enforcement court decisions, a summary of credit products, arrears, and non-performing products.
Asharqia Chamber adopts job rehabilitation for children of low-income families through the "We Empower them" initiative to achieve the Kingdom's vision of 2030
21/07/2022
Through two memoranda of understanding with the Ministry of Human Resources and the Institute of Public Administration
Asharqia Chamber adopts job rehabilitation for children of low-income families through the "We Empower them" initiative to achieve the Kingdom's vision of 2030
Asharqia Chamber witnessed on Thursday, July 21, 2022, the signing of two memoranda of understanding for the “We Empower them” initiative between the Chamber and the Ministry of Human Resources and Social Development represented by its branch in the Eastern Province, and the Institute of Public Administration represented by the Eastern Province branch, as part of the Asharqia Chamber’s directions for cooperation, communication and coordination with all government agencies concerned with resources human rights, specifically empowering children of families with limited income through job qualification.
The memorandums were signed by the Chairman of the Board of Directors, Badr bin Sulaiman Al-Raziza, with the Director General of the Ministry's branch, Abdul Rahman bin Fahd Al-Muqbil, and the Director General of the Institute's branch, Dr. Muhammad bin Saleh Al-Bakhiti.
The two memorandums aim to enhance cooperation to empower children of families with low incomes, achieve expected public benefits, and unify efforts to prepare training programs and joint projects, in addition to participating in events and activities to prepare for the labor market, such as the 2022 Careers Fair.
The memorandums focused on raising the level, empowerment, and economic development of families with limited incomes in the Eastern Region and qualifying them with basic job skills to enable them to enter the labor market in pursuit of the Kingdom's Vision 2030.
This step, such as several agreements and memorandums of understanding, is part of the Asharqia Chamber's desire to provide distinctive training programs that raise the level of the human component of work in the private sector and integrate with all relevant authorities.
Asharqia Chamber organizes a meeting entitled "Challenges and Solutions of E-Commerce"
21/07/2022
Asharqia Chamber organizes a meeting entitled "Challenges and Solutions of E-Commerce"
Asharqia Chamber of Entrepreneurship Incubator organized Wednesday evening, July 20, 2022, a meeting entitled "Challenges and Solutions of E-Commerce" at the incubator's headquarters in the Asharqia Chamber Tower.
The Digital Business Development Consultant Khaled Al-Thawadi spoke about e-commerce as electronic channels in which sales and purchases are made via Internet networks or electronic media through personal computers, mobile phones, sufficient accounts, or self-machines found in most shops that enable you to conduct electronic transactions and complete electronic operations through these devices.
On the types of electronic commerce, Al-Thawadi explained that they are divided into several patterns: From "Trader to Trader" are transactions and commercial services that are between companies, and may be purchasing transactions or information transactions between the parties, and from "Trader-to-customer", which are transactions between companies and consumers, and which may be "From a customer to a trader", consisting of dealings and services provided by customers to businesses, as well as from "Customer to Customer" - business transactions between users through auction platforms, as well as two other patterns: from the government to companies, from companies to government.
Regarding electronic wallets, Al-Thawadi said that they are centralized. It is an electronic application that organizes all financial movements and contains all the user data for that card in an encrypted form. Thus it is installed on the personal computer or stored on a hard disk or any other tool through which it can be saved. This data is used for payment via the Internet.
He also referred to digital currencies, which are also known as digital money, electronic money, or electronic currencies, which are a type of currency that is available only in digital form, and does not have a physical presence such as banknotes and coins, and has similar characteristics to physical currencies. Still, it allows instant transactions and transfer of ownership without borders.
Al Thawadi emphasized to apply of several legislation that regulates the functioning of electronic commerce, such as taxes, customs, contracting, authenticity and evidence, security standards, electronic payment mechanism, internet regulation procedures, in addition to jurisdiction and applicable law, litigation rules, intellectual property and information, and privacy offenses.
The "Economy" monitors the achievements of the Saudi national economy to confirm the "positive" steps of Vision 2030
19/07/2022
In its new issue for May and June:
The "Economy" monitors the achievements of the Saudi national economy to confirm the "positive" steps of Vision 2030
In its new issue (for May and June 2022), the Economics magazine issued by the Department of Media and Corporate Communication in Asharqia Chamber monitored several achievements that were made during the past period, to confirm, based on realistic data and evidence - the success of the plans according to which the Saudi economy is moving based on Vision 2030, through Several articles and investigative investigations, which was celebrated by the issue.
Under the title (And the harvest has begun: Diversification is bearing fruit.. the Kingdom succeeds in joining the best models of countries to reach economic diversification), the magazine explained that the Kingdom "within six years full of external and internal challenges, achieved a great leap and represented a model worthy of study in the optimal application of paths." Economic diversification”, and moved from the rentier space to an economy that is rapidly moving towards diversification, so it increased non-oil revenues to 372 billion riyals in 2021 AD after it was in 2014 approximately 126 billion riyals, and non-oil GDP to 59% of GDP The total in 2020, foreign direct investment from 5.321 billion riyals to 17.625 billion riyals, and the number of factories increased from 7,206 to 9,984 factories until the end of 2020, and the percentage of localization in many sectors, most notably, for example, military industries increased from 2% to 8 %.
Under the title (Fourth Quarterly Growth. The Kingdom’s Economy Achieves the Highest Quarterly Growth Rate in Eleven Years), the magazine pointed out that, “Despite what the economies of most countries of the world are witnessing from the blurry picture about growth rates in the face of the aggravation of inflationary pressures and the Russian-Ukrainian war, and what preceded them from Exceptional circumstances imposed by the Corona pandemic, the Kingdom’s economy was able to achieve the fourth quarterly growth, the highest since 2011 AD, after the decline in the repercussions of the pandemic. 2021 AD, and also compared to the fourth quarter of 2021.
The magazine attributed this economic growth to the state of collective growth, which was the significant rise in all economic activities, whether oil activities, whose growth reached 20.3% on an annual basis and 2.9% quarterly, in addition to the growth in non-oil activities, which grew by 3.7% on an annual basis and about 0.9% every quarter. Also, government activities recorded a growth of 2.4% on an annual basis, while they witnessed a decrease of 0.9% quarterly.
The magazine added that other economic activities also witnessed positive growth rates on an annual basis, as crude oil and natural gas activities achieved the highest annual growth rates, which amounted to 20.7% and 3.5% quarterly, followed by oil refining activities with an annual growth of 17.3%, While it witnessed a decrease of 2.7% every quarter, the activities of wholesale and retail trade, restaurants and hotels achieved growth rates of 6.3% on an annual basis and 2.5% quarterly. Crude oil and natural gas activities also achieved the highest contribution rate among the activities at current prices. It reached 32.4%, followed by government services activities with 15.3%, then wholesale and retail trade, restaurants and hotels activities with a contribution of 8.4%. The per capita GDP at current prices amounted to about 26,961 riyals in the first quarter of 2022 AD, an increase of 33.8% over the first quarter of 2021 AD and 13.6% compared to the fourth quarter of 2021 AD.
In this regard, the magazine noted that the Kingdom’s economy grew in 2016 by 1.7%, then contracted by 0.7% in 2017, then grew by 2.4% in 2018 and by 0.3% in 2019. The main support for economic growth came In 2021, from the non-oil sector, which grew by 6.1% to reflect the efficiency of the Vision 2030 tracks in their ability to face challenges.
The magazine expected that the continuous growth figures of the GDP will be reflected in the plans of investors towards expanding further in the growing sectors, especially as economic growth drives increased investment, thus increasing jobs and reducing unemployment rates to keep pace with high growth rates while slowing growth means lower profits and a decrease in stock prices for some companies. The injection of investments is subject to increased growth.
Along the same lines and under the title (101 deals worth more than 4 billion dollars .. an investment leap in the first quarter of 2022 AD), the magazine stated that the Kingdom has become an attractive destination for investment and a major competitive business environment, and this was confirmed by the numbers and deals that the Kingdom concluded in the first quarter of this year; The report "Investment Developments in the Kingdom" issued last June by the Ministry of Investment revealed that the first quarter of this year witnessed the conclusion of about 101 investment deals worth more than $4 billion, an expected investment volume, and about 5,816 job opportunities expected to be available and that the corporate sector Emerging countries witnessed new investments amounting to about 162 million dollars, in addition to the number of new licenses for foreign investors reaching the largest quarterly increase for the seventh time in a row, recording nearly 9,383 licenses.
The report (according to the Economics Journal) indicated that the Kingdom's economy came as one of the fastest recovering economies from the effects of the "Covid-19" pandemic at the global level and that preliminary estimates indicate a real GDP growth of 9.6% during the first quarter of this year. 2022 AD compared to the same quarter of the previous year, due to the increase in global demand for oil, and non-oil activities recorded an increase of 3.7% during the period. itself.
The issue was filled with several reports, investigations, and economic articles.
Asharqia Chamber holds a greeting celebration on the occasion of the blessed Eid Al-Adha
17/07/2022
Asharqia Chamber holds a greeting celebration on the occasion of the blessed Eid Al-Adha
On the morning of Sunday, July 17, 2022, Asharqia Chamber held a greeting celebration for its employees on the occasion of the blessed Eid Al-Adha, with the beginning of the first working day after the end of the Eid holiday.
The ceremony witnessed the presence of the Chairman of the Board of Directors, Badr bin Suleiman Al-Raziza, the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, many employees, and some former employees. They all exchanged congratulations and blessings on the blessed Eid and then ate breakfast on this occasion.
It is noteworthy that the Chamber has been reviving the occasion of Eid with the first official working hours after the holiday, as it is one of the most important occasions in which employees meet in a social atmosphere far from the official work atmosphere.
The Chairman of Asharqia Chamber: The new corporate system complete business empowerment system
29/06/2022
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.
A Lawyer calling for drafting a "charter" that reduces generational differences in family establishments
27/06/2022
A Lawyer calling for drafting a "charter" that reduces generational differences in family establishments
The founding partner of Naji Khiran Law Firm and Legal Consultants Dr. Alaa bin Abdul Hamid Naji stressed the importance of having a written "charter" in the family establishments, including general lines, that ensure sustainability of the activity in each facility. The Charter should be based on the local environment, guided by other experiences.
This came during a workshop organized by Asharqia Chamber in cooperation with the National Center for Family Establishments on Monday, 27 June 2022, entitled "The importance of the Family Charter in Family Establishments", which was moderated by the Chief Executive Officer of the National Center for Family Establishments, Naim bin Hathifa Al Sharab. Naji says that the importance of the family charter lies in the family company is the journey of formation, continuity, and context of work that has evolved day by day. Over time, relations in the facility vary, requiring that it have care and follow-up to ensure permanence. Therefore, the existence of the charter that ensures the continuity of family wealth requires the reduction of disputes related to this wealth.
During the workshop, a member of the Board of Directors of the National Center for Family Establishments, Abdullah bin Ali Al-Majdoui, added that family wealth or wealth managed by the company or the family establishment needed a family charter that was a fair distribution method, outlined the overall and broad management of this wealth and gave satisfactory attention to all family members. To preserve both wealth and family.
Naji continued by stating that the Charter was drafted through a specialist, taking into account the views of all parties in the family and others. It should include all definitions of the establishment, including the concept of the family and the determination of the property belonging to the establishment. It should specify the agreements announced, the methodology for the separation of administration and property, the mechanisms for the resolution of disputes, and the question of the care of the family and its members, especially from successive generations.
As to the criteria under which the proposed charter should proceed, he said that the most important criterion was to be derived from the enterprise's local environment, not from a replica of another establishment, or a thesis submitted by an advisory office from abroad. However, that does not mean not being guided and acquainted with others' experiences.
The workshop featured a detailed discussion on the issue of the Charter and a visual presentation on the National Centre for Family Establishments by the workshop's director, Mr. Naim Al-Sharab.
"Asharqia Chamber" and "Governance Training Institute" sign a cooperation agreement to provide training services
26/06/2022
"Asharqia Chamber" and "Governance Training Institute" sign a cooperation agreement to provide training services
Asharqia Chamber recently signed a cooperation agreement with the Governance Training Institute to provide training services in the governance field and capabilities and qualified cadres to provide such programs.
The agreement was signed by the Secretary General of the Chamber, Abdulrahman bin Abdullah Al-Wabil, and the President of the Governance Training Institute, Nasser bin Saud Al-Sahli, to enhance the work of the participant, coordination, and integration to serve the parties' objectives, aimed at raising the performance of private sector workers.
The agreement reflects the Chamber's and the Institute's desire to cooperate in the implementation of training and development programs that contribute to the development and development of the capacities of human resources relevant to the field of governance and the preparation of a timetable setting out the training programs to be implemented to be included in the training plan of the Asharqia Chamber Training Centre for 2022.
The agreement also aims to support all business services and development. To strengthen cooperation in the development and development of human resources capacities and to increase the efficiency of services and solutions provided, coordination, and integration to serve the parties' objectives, by the agreement's provisions.
This step comes within the Asharqia Chamber's keenness to provide distinctive training programs that raise the level of the human component working in the private sector and integrate with all relevant authorities.
A Specialist: Investing in the fashion sector promotes national identity
23/06/2022
A Specialist: Investing in the fashion sector promotes national identity
The Consultant for Small and Medium Enterprises, Member of the Local Council of Jubail Wissam Al-Bassam Governorate stressed the importance of enabling and developing the fashion sector and achieving its prosperity to be sustainable, inclusive, and integrated at various stages of the value chain, and to enhance local talent, expertise and competencies. This is achieved through a culture aimed at promoting national heritage and identity, and the importance of this.
This came during a lecture entitled "Start Your Business in the Fashion Sector", held on the evening of Tuesday 21 June 2022, emphasizing the need to invest in this sector that contributes to the promotion of Saudi fashion, especially during events such as National Day, Foundation Day and others.
She stressed the need to prepare an action plan for the sector's entry, including how to generate revenue and profit. Identify which products or services the entrepreneur plans to manufacture and market, and how this can be done, including expenses in this regard.
Any step in that regard involved the provision of certain requirements, perhaps most notably the municipal requirements for sewing shops, which involved certain procedures to ensure the quality of the product and its operating mechanism.
Asharqia Chamber organizes a job meeting in the aviation sector, ground services and logistics
23/06/2022
Asharqia Chamber organizes a job meeting in the aviation sector, ground services, and logistics
Asharqia Chamber Employment Center organized an expanded job meeting for airlines, ground services, and logistics companies, during which 270 jobs were provided for 17 companies and institutions specialized in this regard that participated in the meeting.
The meeting, which was held on Wednesday, June 22, 2022, was attended by Dammam Airports Company, the branch of the Ministry of Human Resources and Social Development, the Human Resources Development Fund branch in the Eastern Province "Hadaf", the SABIC initiative for local content "Nusaned" and the Logistics Committee, 550 male and female students, as they coordinated between them and the Institutions operating in the sector and wishing to attract a qualified national workforce, or those capable of being qualified to work in this field.
The first deputy chairman of the chamber’s board of directors, Hamad bin Muhammad Al-Buali, said that this meeting and other similar meetings contribute to supporting the option of Emiratisation in the private sector, and raising the rates of Emiratisation in private institutions in the Eastern Region, by providing institutions with the required human cadres, to cover job vacancies at These facilities, or to support areas of development. He pointed out that the aviation sector provides dozens of jobs in various fields, within the outputs of the Kingdom's Vision 2030.
Al-Buali pointed out that the aviation sector is witnessing continuous development, and this development requires opening vacancies in different specializations, providing various job opportunities for the people of the country, and that this sector has become attractive to many job seekers of both sexes, as it is a vital sector and helps its employees to develop their capabilities and tools that help them to continue Amidst a renewable and supportive environment.
Al-Buali praised the extent of participation in the meeting, stressing the interaction of the private sector with the Chamber’s initiatives and their keenness to participate and closely see the capabilities and qualifications of the people of the country to allow them to participate in the development process and development of the aviation and logistics sector, which took a large place within the Kingdom’s vision 2030.
Asharqia Chamber organizes a meeting to introduce the importance of cooperative societies in Khafji
22/06/2022
Asharqia Chamber organizes a meeting to introduce the importance of cooperative societies in Khafji
Asharqia Chamber, represented by the Business Council of its branch in Al-Khafji Governorate, organized a meeting devoted to introducing the importance of cooperative societies and their role in serving the community and related sectors, during which Abdullah bin Mahdi Al-Shammari, a member of the cooperative societies’ board of directors, organized a meeting.
Al-Shammari said during the meeting, which was held on the evening of Tuesday, June 21, 2022, and was moderated by the Vice-President of the Business Council in the Chamber’s branch in Khafji, Fahd bin Mudhi Al-Enezi, that the many advantages offered by cooperatives in improving the conditions of members and the surrounding community, including flexibility in work, which is represented in enabling affiliated members to contribute to the association through The needs and capabilities of each affiliate member, working as an entrepreneur, activating flexible work models, and contributing to administrative and leadership work.
Al-Shammari explained that cooperative societies are institutions centered around their members, as their main objective is to meet the economic and social needs and aspirations of members. Building business dealings with them, so they are institutions managed by collective ownership, Governance results in greater economic and social impact, and profit comes to a secondary degree. A major focus is on members' transaction agenda, and social development comes indirectly.
According to Al Shammari, cooperatives are also characterized by the economic participation of purchases through collective procurement, the reduction of transaction costs, in addition of reducing the effects of fluctuating prices for products, avoiding requirements for purchasing certain products, and cooperatives can implement long-term strategic plans, pricing products at a lower price due to reduced production cost and "consolidated purchase and acceptance of lower profits" processes.
Specialist: Customers recommendation after experiencing stronger marketing than resonant phrases
22/06/2022
Specialist: Customers recommendation after experiencing stronger marketing than resonant phrases
Asharqia Chamber of Entrepreneurship Incubator organized an event entitled: "Quality and Customer Journey.. SME Success Centre ", presented by the consultant in planning and institutional excellence Abdelaziz Al-Mahboob.
During the meeting, which was held on the evening of Tuesday, June 21, 2022, and witnessed a remarkable presence, Al-Mahboob said that knowing the needs, requirements and expectations determines the percentage of customer satisfaction, pointing to the importance of experiences that help identify the requirements and needs of customers, and the need to develop appropriate strategies that contribute to raising their level of satisfaction, and increasing Retention rate, indirect marketing of the brand.
Al-Mahboub explained that the after-sales follow-up service with customers raises the level of loyalty and satisfaction for them, stressing a precious rule that institutions must work on, which is: "My customer is today...my customer is Doom" and it emphasizes trying as much as possible to keep the customer to be a permanent customer.
Regarding the after-sales services, Al-Mahboub said that several services are provided to the customer, including product support, which consists of maintenance, guidance, updating, and promotion, as well as maintaining the customer through opinion polls and sending an overview of new products, special offers, rewards for distinguished people, and participation in special events.
Al-Mahboob pointed to the results of a field study on customer requirements, which led to customers’ desire to obtain easy procedures without bureaucratic procedures, clarity of service requirements and models, in addition to continuous improvement and follow-up, providing an effective means of communication with the institution and speed and accuracy of performance.
Al-Mahboob stressed that the most successful and strongest marketing campaigns that any establishment can carry out are through the recommendation of customers, and the reason for this is that it was carried out after the experience, which gives it more credibility than the ringing phrases that institutions put in their promotional ads, so it is necessary to invest in the customer’s experience, and the profit will come according to So.
About 84.7 billion riyals, the volume of trade exchange between the Kingdom and India in 2020, despite the pandemic
16/06/2022
Asharqia Chamber organized a meeting of the Indian trade delegation
About 84.7 billion riyals, the volume of trade exchange between the Kingdom and India in 2020, despite the pandemic
Asharqia Chamber organized the meeting of the Indian trade delegation amid a remarkable presence from the business sector in the Eastern Province.
During the meeting hosted by the Chamber's headquarters on Tuesday, June 14, 2022, the First Deputy Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Buali, stressed the strength of the historical relations between the two countries, which spanned for more than seven decades, noting that the Republic of India is one of the largest trading partners of the Kingdom.
During the meeting, which was attended by the Deputy Director-General of the Federation of Exporting Organizations in India, Prashant Seth, Al-Buali said that the bilateral relations between the two countries are old and continuous and witness excellence in all fields, hoping for their development in the coming years with more partnerships between the private sector in the two countries towards optimal exploitation of the available opportunities. He praised the role of the Saudi-Indian Business Council in supporting trade communication and strengthening and strengthening trade relations between the two countries.
Al-Buali explained that the economic relations between the Kingdom and the Republic of India are strategically based on common interests and mutual respect, and the two countries have strong economic and trade relations, as India ranked third on the list of countries to which the Kingdom exported and fifth on the list of countries that imported Including in 2020, and the volume of trade exchange between the two countries, despite the pandemic, amounted to about 84.7 billion riyals in 2020, compared to 125.6 billion riyals in 2019 AD, and compared to 83.5 billion riyals in 2016.
Al-Buali also pointed out that there is a mutual interest between the two countries to enhance the exchange of trade delegations at all levels to strengthen bilateral relations so that trade relations are witnessing rapid development and growth. Broader horizons of cooperation await it in light of the new government incentives for the Kingdom, which liberated the national economy, made it more open, and took care of all economic sectors to achieve Vision 2030 by diversifying the economic base.
It is noteworthy that the Indian trade delegation included several businessmen and investors in the food and food sector.
"Asharqia Chamber" and "Finance Academy" sign a memorandum of understanding for joint work, coordination and integration
13/06/2022
To develop the human element according to Vision 2030
"Asharqia Chamber" and "Finance Academy" sign a memorandum of understanding for joint work, coordination, and integration
On Monday morning, June 13, 2022, Asharqia Chamber witnessed the signing of a memorandum of understanding for cooperation between the Chamber and the Financial Academy (one of the initiatives of the Financial Sector Development Program for the Kingdom’s Vision 2030), in the presence of the Chamber’s Chairman Badr bin Suleiman Al-Raziza. The memorandum was signed by the Director General of the Financial Academy Manea bin Muhammad Al-Khamsan. And the Secretary General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel.
The memorandum aims to enhance joint work, coordination, and integration to serve the objectives of the two parties, aiming to raise the level of performance of workers in the private sector. The memorandum identified several areas of cooperation between the two parties, most notably the implementation of training and development programs that contribute to the development and development of the capabilities of human cadres related to the financial sector and the preparation of a schedule Between the two parties, the programs to be implemented to be included in the training plan of the Training Center at the Asharqia Chamber for the year 2022 AD.
Accordingly, the memorandum aims to provide support for all that is of interest and service to the business sector. Thus, the desire of the two parties (the Chamber and the Academy) met to sign this memorandum to enhance cooperation in the fields of developing the capabilities of human cadres, increasing the efficiency of the services and solutions provided. Coordination and integration to serve the objectives of the two parties, by the provisions of the agreement.
This step comes within the framework of the Asharqia Chamber's keenness to provide distinguished training programs that raise the level of the human element working in the private sector and integrate with all concerned parties in this regard.
Asharqia Chamber launches its seventh edition of the Women's Economic Forum next November
12/06/2022
Under the patronage of the Prince of the Eastern Province
Asharqia Chamber launches its seventh edition of the Women's Economic Forum next November
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, is sponsoring the 2022 Women's Economic Forum, which is organized by the Asharqia Chamber in its seventh edition in mid-November under the slogan "Making Change".
The forum will discuss several topics related to empowering women, as one of the most important pillars of the Kingdom's Vision 2030, such as empowering them in family businesses and enhancing their role in decision-making, women in the energy, industry, and technology sectors, in addition to environmental, social practices and corporate governance.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the Women’s Economic Forum for the year 2022 AD represents an extension of the previous editions organized by the Chamber during the past years and witnessed great interaction and concluded with several recommendations supporting the march of women in the economic sector, and it comes from the Chamber’s keenness to keep pace with developments and transformations. The economic situation in the country and its repercussions on Saudi women as effective and influential partners in the process of growth and development.
The collective that it adopts the various roles that women can play to achieve the 2030 vision, which affirms that women are one of the most important elements of the Kingdom’s launch towards the future.
He pointed out that the Chamber always provides support and advice through its various channels to raise the level of Saudi women, especially in the economic fields, by urging them to find mechanisms for development and modernization in the fields of production and business management, stressing the importance of the forum as it reviews the empowerment achieved for women in various fields and highlights Highlighting its active participation in the development renaissance witnessed by the country.
It is reported that the Asharqia Chamber held the Women's Economic Forum about six previous times, during which it discussed many topics that directly or indirectly affect women's economic empowerment. And its economic empowerment, whether in family businesses or through businesswomen’s organizations and associations, in addition to discussing the most important legislative and social obstacles and empowering them in the economic decision, as well as highlighting the most important regional initiatives aimed at increasing social and economic opportunities for women and the impact of women’s participation on economic growth and efforts made In to enable it at all levels.
65 billion riyals, the volume of investment flows at the end of the third quarter of last year
08/06/2022
65 billion riyals, the volume of investment flows at the end of the third quarter of last year
The CEO of the National Transformation Program (one of the programs of the Kingdom’s Vision 2030), Eng. Thamer bin Abdullah Al-Saadoun, confirmed the success of the program during the last period, in achieving some of the goals set for the program at the economic level. The actual performance of the private sector is confirmed by several performance measurement indicators that confirm the actual value The program includes: an increase in the business community’s satisfaction with government communication channels to reach 94% by the end of 2021, and an increase in the volume of foreign direct investment flows from 17.11 billion riyals in 2019 to 65 billion riyals by the end of the third quarter of 2021.
This came during a meeting hosted by the Asharqia Chamber on Wednesday morning (8/6/2022), during which the National Transformation Program and its most prominent initiatives and achievements were reviewed, as it is one of the most important programs to achieve the strategic goals of the Kingdom’s Vision 2030. He explained that the program that was launched in its first version in 2016 At the level of government agencies based on the economic and development sectors and then moved at the beginning of 2021 to the second phase, which will continue in the period between (2021-2025) to advance the wheel of achievement with ambitious goals and promising initiatives.
During the meeting, which was moderated by the media personality, Talaat Hafez, Al-Saadoun mentioned that the program is working to achieve 34 strategic goals out of the 96 goals of the vision, which represents more than 35% of its total goals, including facilitating doing business, developing the retail sector, and supporting national companies to enhance their global leadership, Enhancing the interest of companies in the sustainability of the national economy. Noting that the most important achievements of the program at various levels are empowering the private sector, attracting investments, facilitating doing business, increasing small and medium enterprises, supporting promising sectors, increasing the contribution of productive families to the economy, and attracting foreign and local investments.
During the meeting, some observations were heard and questions from the attendees were answered, which revolved around the most important challenges facing the private sector, and the program's efforts to facilitate doing business and lead to a prosperous economy (as stipulated in the vision).
The meeting, which was held at the Chamber's headquarters in Dammam, witnessed a discussion of several themes of that relationship, as the Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza, said that our rational government launched many executive programs that were designed to achieve the goals and aspirations of Vision 2030 AD, all of which were able to harmonize its activities through plans Approved implementation of transforming the vision into a reality we live day after day.
He expressed his hope that the program would complete all its objectives for the current stage by promoting community development, ensuring the sustainability of vital resources, achieving excellence in government performance, supporting digital transformation, and increasing the attractiveness of the labor market. Because we are in an expanded stage of maturity in which the concepts of excellence in performance and deepening the impact of constructive dialogue have taken root, Asharqia Chamber seeks, from its meeting today, to create an open dialogue about the aspirations of the private sector towards an innovative, flexible and extensive work environment.
Al-Raziza valued the great efforts in this regard made by all representatives of the vision’s executive programs to achieve national options.
Under the patronage of the Prince of the Eastern Region, Asharqia Chamber will launch its seventh edition of the Women's Economic Forum next November
08/06/2022
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, is sponsoring the 2022 Women's Economic Forum, which is organized by the Asharqia Chamber in its seventh edition in mid-November under the slogan "Making Change".
The forum will discuss several topics related to empowering women, as one of the most important pillars of the Kingdom's Vision 2030, such as empowering them in family businesses and enhancing their role in decision-making, women in the energy, industry, and technology sectors, in addition to environmental, social practices and corporate governance.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the Women’s Economic Forum for the year 2022 AD represents an extension of the previous editions organized by the Chamber during the past years and witnessed great interaction and concluded with several recommendations supporting the march of women in the economic sector, and it comes from the Chamber’s keenness to keep pace with developments and transformations. The economic situation in the country and its repercussions on Saudi women as effective and influential partners in the process of growth and development.
Al-Raziza indicated that the most important characteristic of the seventh edition of the Women's Economic Forum 2022 is the diversity of topics that it will address and the collective dialogue that it adopts on the various roles that women can play to achieve the 2030 vision, which affirmed that women are one of the most important elements of the Kingdom's launch towards the future.
He pointed out that the Chamber always provides support and advice through its various channels to raise the level of Saudi women, especially in the economic fields, by urging them to find mechanisms for development and modernization in the fields of production and business management, stressing the importance of the forum as it reviews the empowerment achieved for women in various fields and highlights Highlighting its active participation in the development renaissance witnessed by the country.
It is reported that the Asharqia Chamber held the Women's Economic Forum about six previous times, during which it discussed many topics that directly or indirectly affect women's economic empowerment. And its economic empowerment, whether in family businesses or through businesswomen’s organizations and associations, in addition to discussing the most important legislative and social obstacles and empowering them in the economic decision, as well as highlighting the most important regional initiatives aimed at increasing social and economic opportunities for women and the impact of women’s participation on economic growth and efforts made In to enable it at all levels.
A specialist reviews the idea of establishing major alliances to operate groceries aimed at increasing profits and combating cover-ups
07/06/2022
Asharqia Chamber reviews a "new business model"
A specialist reviews the idea of establishing major alliances to operate groceries aimed at increasing profits and combating cover-ups
Asharqia Chamber, represented by the Small and Medium Enterprises Center, organized a workshop that reviewed a "new business model" for operating groceries.
Ibrahim Al-Morished, a retail business development specialist in the Small and Medium Enterprises Authority "Monsha'at", spoke during the workshop that was held on Monday morning, June 6, 2022, that the idea of the project comes from cooperation with the private sector to establish companies or alliances specialized in operating groceries, to help Saudis In operating their stores by providing support services such as cleaning, arranging, supplying goods and maintaining refrigerators, in addition to providing qualified employees to manage the store, it is also possible to provide specialized professional services such as sales analysis, inventory, and store rearrangement, which helps the store owner to make the appropriate decision. At a later stage, the activities can be expanded to include other sectors.
Al-Morished explained that the project aims to reduce costs, increase profits, combat cover-up in grocery activities, facilitate the practice of activity for entrepreneurs, and enable citizens to operate their stores, noting that the presence of specialized companies or alliances helps in obtaining several services, including legal protection, automation, digital transformation and a high rate of return. Financial, transparent and fun shopping and improve the appearance of groceries.
Al-Morished pointed out that under the requirements of the Zakat, Tax and Customs Authority, all members will have to work to adopt the digital billing system, so that all groceries will have a unified general appearance and atmosphere such as a registration plate, bags, and uniform clothes, in addition to the digital payment method.
The companies will also provide purchasing services such as: providing better margins in addition to delivery services, and will also provide financing services such as accounting, value-added tax, and zakat individually, in addition to providing legal services, employment, payroll, maintenance, and information systems Marketing includes advertising through social media brochures, website.
New developments in the logistics sector in the Kingdom, especially in ports and airports
05/06/2022
In the open meeting hosted by the Asharqia Chamber:
New developments in the logistics sector in the Kingdom, especially in ports and airports
Financing and advisory solutions provided by the Industrial Fund Asharqia Chamber witnessed on Thursday morning (2/June/2022) an open meeting between businessmen in the Eastern Province with representatives of the Ministry of Transport and Logistics Agency, and the Saudi Industrial Development Fund, during which the initiatives and services of the Ministry and the Fund were reviewed to support the logistic sector, which is one One of the goals of the Kingdom's Vision 2030.
During the meeting, which was moderated by the Chairman of the Industry and Energy Committee of the Asharqia Chamber, Ibrahim Al-Sheikh, the Undersecretary of the Ministry of Transport and Logistics Services (for logistic services), Eng. Louay bin Omar Mashabi, stated that the logistic sector is possible for many economic sectors, it is possible for tourism, trade, and industry, and it is a sector that achieves - God willing. - Many of the goals of the Kingdom’s Vision 2030, include transforming the Kingdom to be a global logistics platform. We are proceeding on this path, and we are approaching - God willing - this goal and global indicators confirm this, including several Saudi ports getting leadership positions in the world.
Mashabi added that this responsibility and the great burden that the ministry bears is shared by the private sector, and we have taken a supportive step in this direction, represented in launching the agency, which looks at the different and overlapping logistical patterns as one bloc, with integrated legislation that serves all activities of different types and services.
What confirms that we are close to the goal - and what Eng. Mashabi said - is that the Kingdom - at present - is one of the fastest growing in terms of the volume of growth of the logistics services market, ahead of the growth rate of the continents of Europe and North America. The reason for this is the level of economic movement witnessed by the Kingdom in recent years, which requires further expansion and growth in this important sector, so we aspire to be among the first in the logistical performance.
In this regard, he pointed out that about 60% of air cargo operations are related to passenger planes, with the recovery from the effects of the pandemic, the ambitious targets for air connectivity, and the growth of the aviation and tourism sector, which will serve air freight in general and e-commerce in particular.
He mentioned that new developments are being witnessed by the logistic sector in the Kingdom, which indicates that we are on the right path, for example, the development of the volume of electronic commerce until it exceeded the targets and became 25% of the volume of trade in the Kingdom and is constantly increasing, which necessitates the rapid transport and mail services sectors Finally, to raise its efficiency and capabilities to keep pace with the growing demand.
He pointed out that the ministry launched the unified logistic license (which replaces the land, sea, and air freight brokers) and was able to provide clearance services. More than 70 companies have applied for this license, where the license is obtained electronically and without human intervention.
During the meeting, the Executive Vice President for Studies at the Saudi Industrial Development Fund, Eng. Ahmed Al-Baqawi said that the fund has expanded its activities as the main financial enabler for the National Industrial Development and Logistics Program (NDLP), one of the programs of the Kingdom’s Vision 2030, to provide its services to four main sectors: industry, energy, and mining. , and logistics. He added that the Kingdom has great potential to become a leading industrial power and a global logistics platform with highly competitive advantages and that the Fund works in partnership with the system's entities to provide strategic support to achieve these goals.
During the meeting, the services and programs provided by the Fund to the logistic sector were also reviewed, including a land program and a logistical loan in cooperation with the Saudi Authority for Industrial Cities and Technology Zones "Modon", the Royal Commission for Jubail and Yanbu, the Special Economic Cities and Zones Authority, and King Abdullah Economic City, in addition to financing products and programs different motivational factors.
The advisory services product, which aims to improve project performance and sustainability, was also reviewed by providing advisory support to small and medium enterprises by studying appropriate opportunities and developing plans to improve performance and achieve sustainable growth. Benefiting from the Fund's expertise in the areas of technical studies and market studies.
The director of the meeting, Chairman of the Industry and Energy Committee at the Asharqia Chamber, Ibrahim Al-Sheikh, explained that the industrial sector occupies increasing importance in the national economy, and is considered a mainstay in achieving our development goals within the pillars of the Kingdom’s Vision 2030, as it is a sector with great capabilities in promoting economic growth and carrying more opportunities It is characterized by its connection and overlap with most other economic activities.
Accordingly, Al-Sheikh said: “As industrialists, we all commend the great efforts made by the Ministry of Transport and Logistics and the Industrial Development Fund to achieve industrial development policies and programs in the Kingdom, both in terms of enabling national capabilities to consolidate the Kingdom’s position as a global logistics center and a mobility model. The integration, which reflected positively on the growth of the industrial sector in the Kingdom, or the material and advisory support provided by the Industrial Development Fund supports the development and growth of local industries and raise their level of performance.
A job meeting in the Asharqia Chamber presents 284 jobs to work in the hospitality and entertainment sector
02/06/2022
A job meeting in the Asharqia Chamber presents 284 jobs to work in the hospitality and entertainment sector
Asharqia Chamber Employment Center held, on Tuesday and Wednesday, May 31 - June 1, 2022, an expanded job meeting dedicated to the hospitality and entertainment sector, during which 284 jobs were provided for several institutions and companies specialized in this regard, which participated in the meeting.
The meeting, which was carried out in coordination between the Center and the Chamber's Hospitality and Leisure Committee, and the branch of the Ministry of Human Resources and Social Development and the Human Resources Development Fund branch in the Eastern Province received 700 male and female work students. A qualified national, or capable of qualifying to work in this field.
The First Vice Chairman of the Chamber’s Board of Directors and Chairman of the Hospitality and Leisure Committee Hamad bin Muhammad Al-Boali described the meeting as successful, as it contributed to facilitating the coordination process between job seekers on the one hand, and the institutions working in this regard, which is considered very difficult due to the multiplicity and abundance of institutions as well as their geographical distance. However, this meeting provided all parties to the process the opportunity to choose the most appropriate, whether in terms of personal competencies and qualifications or terms of offers and financial and non-material compensation offered by operating institutions on the other hand.
Al-Buali added that this meeting - and other similar meetings - contribute to supporting the option of Emiratisation in the private sector, and raising the rates of Emiratisation in private institutions in the Eastern Region, by providing institutions with the required human cadres, to cover job vacancies in these facilities or to support areas of development. He pointed out that the hospitality and entertainment sector provides dozens of jobs in various fields, in various locations in our beloved country, especially in light of the general trend of tourism with all its names in the Kingdom, within the outputs of Vision 2030. It is a sector that supports development from its two parts, tourism and entertainment on the one hand, and social ( job creation) on the other hand.
Al-Buali stressed the keenness of the Asharqia Chamber - specifically the Hospitality and Entertainment Committee - to support public national options such as Saudization and Saudization in the private sector, and this is embodied in several events, including this distinguished job meeting. It is noteworthy that the meeting witnessed the participation of 20 facilities and government agencies.
Asharqia Chamber reviewed the mechanisms of preferring local content in a workshop
30/05/2022
In cooperation with the Local Content and Government Procurement Authority
Asharqia Chamber reviewed the mechanisms of preferring local content in a workshop
Asharqia Chambers, in cooperation with the Local Content and Government Procurement Authority, held a workshop entitled: Mechanisms for Preferring Local Content, with the participation of the Executive Vice President for Operations, Eng. Muhammad bin Moaidh Al-Qahtani, and in the presence of a remarkable number of specialists.
During the workshop, which was moderated by the Vice Chairman of the Industry and Energy Committee, Talal bin Ahmed Al-Zamil, on Monday, May 30, 2022, the authority explained that the local content is the total expenditure in the Kingdom through the participation of Saudi elements in the workforce, goods, services, assets, technology, and others.
The authority indicated that the regulation of preference for local content, local small and medium enterprises, and companies listed in the financial market aims to establish rules, procedures, and mechanisms to favor local content, small and medium enterprises, and companies listed in the financial market.
The authority indicated the main measurement indicators for the proportion of local content through calculating salaries in the Kingdom, spending on goods and services, spending on training Saudis, spending on developing suppliers, spending on research and development, in addition to the depreciable value of assets in the Kingdom, so that the measurement is done at the level of the facility. or contract.
On the mechanism of weighing local content in the financial evaluation, the authority clarified that auditing reports are carried out through one of the audit offices approved by the Local Content and Government Procurement Authority, and the Local Content and Government Procurement Authority, in agreement with the Spending Efficiency and Governmental Projects Authority, determine the projects for which the minimum local content mechanism will be applied.
Asharqia Chamber concludes a training program that reviewed building and managing partnerships in the third sector
26/05/2022
Asharqia Chamber concludes a training program that reviewed building and managing partnerships in the third sector
Asharqia Chamber, represented by the Training Center, recently concluded a training program entitled: Building and Managing Effective Partnerships in the Non-Profit Sector, presented by Engineer Musa bin Muhammad Al-Mousa, and witnessed the remarkable participation of 40 third sector affiliates, hosted by the Chamber's headquarters.
The goal of the program, which was held over two days and witnessed the presence of the Director of the Branch of the Ministry of Human Resources and Social Development in the Eastern Province, Abdul Rahman bin Fahd Al Moqbel, the First Vice Chairman of the Board of Directors of the Asharqia Chamber Hamad bin Muhammad Al Bu Ali, and several officials and specialists, in his axis to master marketing and the partnership contract distinctively and efficiently High includes all the aspects that you enhance and strengthen and take advantage of the aspects offered by the partnership in the non-profit sector.
During the program approved by the Technical and Vocational Training Corporation, which was attended by the assistant director of the branch of the Ministry of Human Resources and Social Development, Ibtisam bint Abdullah Al-Humaizi and the Executive Director of the Saudi Food Bank Association, Faisal bin Muhammad Al-Shoushan, he reviewed several axes, most notably: partnership management and governance, partnerships and financial resource development, and competitiveness. In partnerships, the stages of partnership formation, the practical application of partnership, and the competencies of the partnerships official, the program also witnessed a training session for the trainees to work on the sustainability of partnerships.
The program, which targeted the executive directors or partnership officials in the facility, comes within the efforts of the Asharqia Chamber in raising awareness and educating the business sector on the importance of working on the possibilities to sustain the work of the non-profit sector, and training its employees so that they can keep pace with changes in this sector and develop it in line with the aspirations of the Kingdom’s Vision 2030.
It is noteworthy that the program was held with a total of 10 training hours, including case studies, practical applications, and successful local and international experiences, under the auspices of the Saudi Food Bank Association "Etaam".
"Al-Sharqiya Agriculture" holds a workshop to introduce investment opportunities in Qatif
24/05/2022
"Al-Sharqiya Agriculture" holds a workshop to introduce investment opportunities in Qatif
The Asharqia Chamber, in cooperation with the branch of the Ministry of Environment, Water and Agriculture in the Eastern Province, organized on Tuesday 24 May 2022 a workshop that reviewed investment opportunities in the Qatif Governorate, in the presence of a remarkable number of investors in the region.
The Deputy Director General of the branch, Eng. Mubarak bin Hamoud Al-Otaibi said that the Ministry of Environment, Water, and Agriculture seeks to maximize the benefit of its diversified assets by strengthening cooperation with the private sector to develop and invest in quality agricultural, livestock, and fish projects in various regions and governorates of the Kingdom, which aims to produce high-quality vegetables as well as Contribute to achieving sustainable safe food in addition to rationalizing water consumption in irrigation operations through the use of modern agricultural techniques in addition to agricultural activities in all regions by the objectives of the Kingdom's Vision 2030.
Eng. Al-Otaibi also added during the workshop, which was moderated by the Vice-Chairman of the Agriculture and Food Committee in the Chamber, Hussein bin Abdul Rahman Al-Dossari, Mubarak bin Saad Al-Dosari, that the branch of the Ministry of Environment, Water and Agriculture in the Eastern Region plays a major role in spreading the culture of investment and benefiting from the ministry’s various services through various programs and activities. implemented by the branch and its affiliated offices in all governorates.
The Director of the Investment Department in the Ministry, Nawaf bin Abdul Rahman Al-Abdul Karim, stated that the ministry is offering many vital investment projects, in cooperation with the private sector, to achieve healthy food security through the use of modern, economically feasible, productive and high-quality technologies, reducing the consumption of natural resources, preserving the environment and human health. To achieve the Kingdom's vision of 2030.
The Director of Investment in the branch, Eng. Mahfouz Al-Khadrawi stated that the success of any investment in the region is the result of effective and distinguished cooperation between the Ministry’s branch and the Chamber of Commerce in the Eastern Province to hold an introductory workshop in this regard and to invite businessmen and investors in the agricultural field to provide an opportunity for investors to submit inquiries and take their opinions and scientific and practical experiences and that one of the These important projects are the project (Aquaculture and Marketing Services Center in the Eastern Province) in Qatif Governorate.
Engineer Hussein Al-Naziri reviewed an investment opportunity in the Qatif Governorate, while the representative of the Plant Wealth Department for Investment Opportunities in the Ministry, Fahd Al-Mahesh, spoke about investment opportunities in hydroponics projects and the comparison between them and traditional agriculture about the quality of agricultural products, the most important determinants of production under the hydroponics system, and the most important crops Under the hydroponics system.
The Director of Plant Wealth in the branch, Eng. Zaki Al Abbas also addressed the issue of soilless cultivation and its economic and social importance, the types of environments used for cultivation, the cost estimate for cultivation without soil, and the centers of expertise available in the Kingdom to benefit from their expertise.
Asharqia Chamber hosts a coastal transport project workshop
23/05/2022
In the presence of investors from inside and outside the Kingdom
Asharqia Chamber hosts a coastal transport project workshop
A workshop for the coastal transport project for passengers in the Eastern Province was held with the participation of His Excellency Dr. Rumaih Al-Rumaih, Chairman of the Public Transport Authority, His Excellency Eng. Fahd Al-Jubeir, Mayor of the Eastern Province, His Excellency Eng. Essam Al-Mulla, Mayor of Al-Ahsa Governorate, His Excellency Eng. Fahd Al-Mutlaq, the Eastern Region Development Authority CEO, Major General Khaled Al-Shehri, Commander of the Border Guards in the Eastern Province, and Eng. Muhammad Al-Zahrani, Director General of Development and Investment at the Royal Commission in Jubail, on Sunday, Shawwal 21, 1443 AH, corresponding to May 22, 2022 AD, at the headquarters of the Asharqia Chamber, where they were interviewed by the Chamber’s President and Board Member of the Eastern Region Development Authority, Mr. Badr Al-Raziza.
Their Excellencies confirmed that the project enjoys generous sponsorship by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region and Chairman of the Eastern Region Development Authority Council, and with the support of His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Region and Vice Chairman of the Development Authority Council. Eastern Province.
During the workshop, the Eastern Region Development Authority CEO, Eng. Fahd Al-Mutlaq, confirmed: "The authority is keen to coordinate with all parties to unify efforts to come up with initiatives and projects that work to achieve ambitions for the development of the Eastern Region."
He added: Today we are witnessing a new start represented by an investment project that is considered the first of its kind in its comprehensiveness and multiplicity of tools in the eastern region, which is coastal transport, which aims to diversify means of transportation and maximize the benefit of waterfronts by activating movement between cities overlooking the Arabian Gulf, and based on the study that is carried out Public Authority for Transport The coastal transport will contribute to creating more than 13,000 direct and indirect job opportunities throughout the project, which will constitute an addition to the region and a new development dimension with the elements it carries in support of economic mobility.
For this part, the President of the Public Transport Authority, Dr. Rumaih Al-Rumaih, said: "The project aims to create promising investment opportunities with a great economic tributary, explaining that the national strategy for transport and logistics allows investment in the maritime transport sector."
Al-Rumaih explained: "The study conducted by the authority focused on analyzing the current situation and reading the local market to know the potential marine routes. The study resulted in five major proposed areas comprising 14 marine routes, seven of which serve the Arabian Gulf."
Meanwhile, the Mayor of the Eastern Province, Engineer Fahd Al-Jubeir, confirmed: "The Municipality, in cooperation with government agencies and partners with the private sector, will present a set of pioneering and innovative investment projects in a competitive environment with high transparency and attractiveness, to achieve the objectives of the Quality of Life Program by supporting the elements of tourism, entertainment, sports, and marine activities."
For this part, the Mayor of Al-Ahsa Governorate, Engineer Essam Al-Mulla, said: “The marine route is one of the distinguished future options, pointing out that Al-Uqair port was, in the pre-oil period, the main port of Al-Ahsa Governorate and the interior regions of the Kingdom, stressing that three roads serve the visitor to reach Al-Ahsa Governorate. The marine route through Al Uqair port will be the fourth, and thus is a valuable opportunity for investors.”
The Commander of the Border Guards in the Eastern Region, Major General Al-Khaled Al-Shehri, said: "The maritime transport projects and their accompanying activities are among the tourist attractions for different regions in the Eastern Region, stressing the border guards' support for this trend by working to facilitate investors and passengers and help them achieve the desired goals."
The Director General of the Investment Development Sector of the Royal Commission in Jubail, Mr. Muhammad Al-Zahrani, stated: "The authority is working on developing and increasing the absorptive capacities of its infrastructure in the various cities it supervises and overcoming obstacles and difficulties for private investors to achieve effective participation in development."
For this part, the Chairman of the Board of Directors of the Asharqia Chamber, Bader Al-Raziza, said: “The many projects, programs, and development initiatives that the Eastern Region Development Authority presents today, and its keenness on the participation of the private sector in them, represents a true translation of the objectives of the Kingdom’s vision and reflects an economic movement capable of making a qualitative leap in the development of The region and stimulating investment in its diverse components, and that given the comparative advantages that our eastern region possesses on the map of national and regional tourism, the project of maritime transport of passengers between the cities of the coastal region is one of the most promising investment projects and the most accommodating of the national workforce, and also supports all of our endeavors with high-performance indicators tourism and urbanization of the region at all levels.
It is worth noting that more than 140 invitations were sent to local and international investors to attend the coastal transport project workshop, which was very popular with investors and the private sector.
More than 23 billion riyals, the volume of trade exchange between the Kingdom and the Netherlands
17/05/2022
Asharqia Chamber received a Dutch trade delegation yesterday
More than 23 billion riyals, the volume of trade exchange between the Kingdom and the Netherlands
The Chairman of the Board of Directors of the Asharqia Chamber Badr bin Suleiman Al-Raziza affirmed the strength of the economic and trade relations between the Kingdom and the Netherlands, pointing to broad investment prospects for the private sector in the two countries.
Al-Raziza said during his reception on Tuesday, May 17, 2022, a Dutch trade delegation specialized in waste recycling headed by the Dutch ambassador to the Kingdom, Janet Alberda, and several Dutch companies and businessmen, in the presence of the Secretary of the Eastern Province, Eng. Fahd bin Muhammad Al-Jubeir.
Honorary Consul of the Kingdom of the Netherlands Sulaiman bin Abdul Rahman Al-Suhaimi, Second Vice President of the Chamber Hamad bin Muhammad Al-Ammar Al-Khalidi, Board Member Badr bin Muhammad Al-Abdulkarim, Secretary General of the Chamber Abdul Rahman bin Abdullah Al-Wabel and a remarkable number of the business sector in the Eastern Province that there are many agreements between the two kingdoms, which have resulted in high levels in The volume of trade between the two countries, which amounted in 2019 to about 36.106 billion riyals, and at the height of the pandemic in 2020 amounted to about 23.8 billion riyals, As well as a high level of exemplary partnership in many fields, which indicates that the coming years will witness more bilateral partnerships, especially in light of the rapid steps taken by our country towards diversifying the economic base within the framework of implementing Vision 2030, noting the efforts made between the two countries to support trade communication and strengthen relations. trade between the two friendly countries.
Al-Raziza called on the Saudi and Dutch business sectors to seize investment opportunities in the two countries to contribute to achieving common aspirations to increase the volume of trade exchange between the two countries, pointing to a package of facilities provided by Saudi Arabia to foreign investors, in addition to major projects specialized in waste management, collection solutions and treatments, and the steps they have taken in terms of Regulatory steps to manage this vital sector, within the framework of achieving the objectives of Vision 2030.
The Prince of the Eastern Province will sponsor the "Jobs 2022" exhibition next October
09/05/2022
The most prominent channel for attracting national competencies to work, qualify and gain experience
The Prince of the Eastern Province will sponsor the "Jobs 2022" exhibition next October
Under the patronage of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, the Asharqia Chamber represented by the Employment Center is preparing to launch the ninth edition of the “Jobs 2022” exhibition, during the period 24-27 October 2022 AD on the land of the Dhahran International Exhibition Company (Dhahran Expo) in partnership.
The Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, praised the patronage of His Highness, the Governor of the region, for the exhibition, which represents great support for this event, and is one of the incentives for the Asharqia Chamber for more initiatives in this regard. He noted His Highness' constant keenness to support the Chamber's programs, activities, and events directed at the business sector and to enhance its efforts in the various Saudisation tracks.
Al-Raziza explained that the exhibition, in its ninth edition, comes at a time when national competencies of both sexes continued to record successes in the field of work, as a result of the great support directed to them by the rational leadership, and the confidence that was embodied in several initiatives that contributed to increasing their participation in national development. He explained that the exhibition aims to support efforts to localize jobs in the private sector, and highlight the role of this sector in attracting national talent, providing job opportunities for Saudi youth, and achieving communication between the business sector on the one hand, and providers of training and employment services and specialists in human resources management and employment on the other hand, and between These parties and between job seekers from a third party.
Al-Raziza believes that the importance of the exhibition appears in three basic aspects. The first aspect is the companies that wish to benefit from the services of qualified national competencies, while the second aspect comes within the framework of benefiting the scientifically and practically qualified youth, as the exhibition provides them with several options to apply their information and expertise. The exhibition constitutes a channel for national competencies who are looking for job opportunities through which they highlight their energy, achieve their aspirations and support the development options of the country in general. The third aspect is represented in the intermediary agencies that train, educate, qualify and coordinate the contractual relationship between the two parties (work students and companies).
Al-Raziza said that the exhibition will witness - God willing - the participation of several companies and institutions, in addition to several governmental and private agencies concerned with the development of human resources, as well as some training, educational and advisory institutions related to the settlement of the workforce.
Al-Raziza expressed his hope that the exhibition would contribute to achieving the successes of the past editions, as it contributed to the employment of many national energies in important work sites in companies and private institutions.
The "Social Development Bank" financed individuals' products with 17 billion riyals
13/04/2022
In a workshop at the incubator of the Asharqia Chamber of Entrepreneurship
The "Social Development Bank" financed individuals' products with 17 billion riyals
An official at the Social Development Bank confirmed that the volume of financing in the Eastern Province since the establishment of the bank amounted to about 17.1 billion riyals for individual products, benefiting 426 thousand beneficiaries, while project financing amounted to about 935 million riyals for more than 3,000 projects, while the Bank provided about 600 million riyals to about 22 thousand projects of self-employment and productive families
This came in a workshop organized by the Asharqia Chamber, represented by the Incubator of the Asharqia Chamber for Entrepreneurship, on Tuesday evening, April 12, 2022, under the title "Financing solutions to finance your project" presented by Khalid bin Ahmed Al-Ghamdi, Director of Enterprise Finance at the Social Development Bank in Dammam, who explained that the Social Development Bank is An extension of the Saudi Credit and Savings Bank, which has been providing social and artisanal financing since 1971, and its services developed to undertake the task of financing emerging and small enterprises in 2007. In its various forms, some of them support new emerging enterprises with the financing of up to 300,000 riyals, and it may reach 500,000 riyals for entrepreneurs, but this amount reaches 4 million riyals for excellence establishments or institutions aiming to obtain commercial excellence. The bank also offers products to support existing establishments, with financing ranging from 500,000 riyals up to ten million riyals, depending on the product and the existing project.
In this context, the bank finances what is termed the "third sector", which includes charitable institutions and establishments with a social dimension, and the funding reaches ten million riyals.
The lecturer touched on the services of the Delnee Business Center, which is the center concerned with small and medium enterprises, where the center provided development programs that benefited 1,131 beneficiaries, and other programs aimed at spreading the culture of self-employment and benefiting more than 18,000 beneficiaries, and the center provided, within the consultancy program, more than 6.8 thousand consultations.
Asharqia Chamber Employment Center contributes to employing 1,403 job seekers in the private sector
10/04/2022
Asharqia Chamber Employment Center contributes to employing 1,403 job seekers in the private sector
Asharqia Chamber Employment Center contributed to providing job opportunities in private sector institutions to more than 1,403 Saudi youth job seekers, from the beginning of January until the end of last March, through the center’s website, and through employment meetings that the center has been holding the request of institutions private sector.
A report issued by the Asharqia Chamber Employment Center stated that during the period from January 2022 until the end of last March, the number of job applicants registered with the center’s website amounted to about 12,855 people, while the number of establishments benefiting from the center’s services reached 45 establishments of various levels.
As for the size of the achievement achieved by the center through recruitment meetings, which it has been holding for companies (during the period from January 1 to March 31, 2022), it is represented in the number of jobs that have been provided, whether through the employment website or through job meetings, which There were 3,076 jobs in 8 public meetings, and the number of job seekers participating in those meetings reached 3,309 participants.
It is noteworthy that the Asharqia Chamber Employment Center was established in 2006 as a specialized center that provides professional employment services, and meets the needs of the business sector of qualified national competencies of both sexes, using the best and latest advanced technologies in this field and according to the highest levels and professional standards. The center provides many services, in addition to Employment services through (e-recruitment, job interviews, and the annual job fair), including (consulting services) for institutions, and (vocational guidance) for job seekers.
Asharqia Chamber resumes the annual Ramadan meeting after a two-year hiatus due to the pandemic
04/04/2022
Asharqia Chamber resumes the annual Ramadan meeting after a two-year hiatus due to the pandemic
Asharqia Chamber held yesterday evening Sunday 3/April/2022 the annual Ramadan meeting for businessmen within the program of Ramadan meetings that the Asharqia Chamber has been holding in the first week of the holy month. From representatives of government departments and members of the diplomatic corps working in the region and representatives of the media in the eastern region.
The Chairman of the Board of Directors Badr bin Suleiman Al-Raziza explained that the Chamber has been holding such meetings from its position as a platform for communication to exchange congratulations and blessings on the occasion of the blessed month of Ramadan, and this meeting was distinguished by holding it after easing the measures that were put in place to confront the Corona epidemic during the past two years, and its effects were interrupted by many From programs and events or held them by default, but - by the grace of God - they returned to their previous era and more distinctively and interactively.
Al-Raziza added that the meeting witnessed a qualitative presence of businessmen who exchanged congratulations and blessings on this holy month. It also witnessed several economic dialogues and was an occasion for more communication between businessmen and members of the Board of Directors. The meeting was an optimistic step and paves the way for more similar activities and events. As well as more communication with subscribers.
It is noteworthy that Ramadan meetings are continuing in other branches of the Chamber in Jubail, Qatif, and Khafji this evening, Monday.
A cooperation agreement between the Asharqia Chamber and "Tarahum Al Sharqiya" for the rehabilitation of released prisoners
30/03/2022
It includes several joint activities and programs
A cooperation agreement between the Asharqia Chamber and "Tarahum Al Sharqiya" for the rehabilitation of released prisoners
Asharqia Chamber and the National Committee for the Welfare of Prisoners and Released Prisoners and Their Families in the Eastern Region "Tarahum Al Sharqiya" concluded a cooperation agreement that includes several joint activities, and contributes to the rehabilitation of prisoners and provides them with suitable job opportunities, as well as promoting the committee's activities through the chamber's various platforms.
The agreement was signed on the part of the Chamber by the Chairman of the Board of Directors Badr bin Sulaiman Al-Raziza, and on the part of the Society, the Chairman of the Board of Directors Abdullah bin Muhammad Al Sulaiman, in the presence of the Executive Director of the Society, Dr. Yousef Al-Rashed, and the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel.
For this part, the Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, praised the efforts of the National Committee for Prisoners’ Welfare in the Eastern Region, and said, "The system of its initiatives and development programs has contributed a lot to developing the capabilities of inmates and achieving their needs," and that the role played by the Committee is large and effective and supports the national vision. in achieving a vibrant society.
He pointed out that this agreement comes within the Chamber's main objectives to work on promoting the concepts of social responsibility in the business sector, and that it aims to contribute to the rehabilitation of prisoners and provide suitable job opportunities for them and their families, in addition to supporting the work and activities of the Committee by promoting them on the Chamber's various platforms.
According to this agreement, the Chamber assists in opening the fields of work and employment for the released and their eligible children, according to what the two parties deem appropriate, and to rehabilitate the prisoners and open the way for them to return and integrate into society more positively and effectively.
The agreement, which was signed at the chamber's headquarters in Dammam a few days ago, provides for allowing the committee to hold special events and programs in the chamber's various halls, as well as to benefit from the training programs implemented by the chamber, to rehabilitate the categories that the committee takes care of, namely the released prisoners and their families.
In this regard, the agreement provides the Committee with opportunities to participate in all exhibitions and public events organized by the Chamber, to announce and promote the Committee and the events it implements. It also allows it to benefit from human capabilities and expertise by volunteering in the programs and events organized by the Asharqia Chamber.
A yacht marina and commercial centers, and the most prominent investment opportunities in Jubail
30/03/2022
During the meeting of the mayor of Jubail with the business sector in the Eastern region.
A yacht marina and commercial centers, and the most prominent investment opportunities in Jubail
The Mayor of Jubail Governorate, Eng. Faris bin Muhammad Al-Areej, reviewed several investment opportunities in the governorate, during a meeting with the business sector in the Eastern Province, organized by the Chamber today, Wednesday, March 30, 2022, via the zoom platform.
Al-Areej said that Jubail, which is located on the coast of the Arabian Gulf, is characterized by its distinguished geographical location in the east of the Kingdom and is considered one of the main investment areas, noting that the municipality is looking forward to enabling investment in the municipal sector and serving the private sector and entrepreneurs to be a successful and pioneering model in the region in line with the objectives of the vision Kingdom 2030 AD.
Al-Areej explained that the municipality of Jubail Governorate aims to provide investment services in an easy and accessible manner and a manner commensurate with the aspirations of investors of all categories, in cooperation and coordination with all relevant authorities, through the municipal investment portal "Foras", which includes the service of applying for investment projects offered through announced auctions, as well as the feature Temporary leasing for a period of up to 3 months, pointing out that the portal aims to expand the base of competitors for investment opportunities and raise the level of transparency by automating procedures.
Al-Areej talked about several investment opportunities planned to be launched this year in the King Fahd Suburb in Jubail and several neighborhoods in the governorate, the North Corniche, the eastern beach, and the Khalidiya scheme, including the operation and maintenance of 3 public parks, a project to establish a commercial complex, several services in the cafes sector, and also a lounge Multi-purpose weddings, and the Jubail Marina project, which is expected to be constructed east of Jubail, to be a vital and recreational area for the city's residents.
Al-Areej spoke during the workshop about the project to establish an exhibition center, which aims to improve the urban landscape and reduce the burden of expenses represented in maintenance and operation.
Al-Areej indicated that the Jubail Municipality aims, among its plans for the current year, to offer a bid to establish ten commercial centers distributed and approved in the King Fahd Suburb scheme, in the neighborhoods of Aziziyah, Seville, Qordoba, and Granada. The projects aim to provide services to citizens and residents to improve the quality of life following the vision of the Kingdom.
"The General Secretariat of the Zakat, Tax and Customs Committees" adopts development plans to handle lawsuits
24/03/2022
During a workshop held in the Asharqia Chamber
"The General Secretariat of the Zakat, Tax and Customs Committees" adopts development plans to handle lawsuits
The General Secretariat of the Zakat, Tax and Customs Committees affirmed its keenness to streamline the process of lawsuits and their handling according to the highest levels of quality and efficiency, by simplifying the processes of receiving and registering lawsuits, facilitating the exchange of their memoranda between their parties, studying them in terms of legal and accounting aspects, classifying and classifying decisions issued by the committees, and preparing research And periodic reports and statistics on the work of the secretariat and committees.
A workshop hosted by the Asharqia Chamber on Wednesday, March 23, 2022, during which both the judicial assistant Abdullah Al-Hassoun and the tax analyst Ali Al-Omair spoke in detail about the roles and tasks of the secretariat and the services it provides for the smoothness of its claims handling procedures, and the speed of adjudication through the Path Initiative The rapid initiative launched by the General Secretariat, which contributed to reducing the periods of litigation in cases before the committees.
Al-Omair explained that there are many electronic services provided by the General Secretariat, perhaps the most prominent of which are receiving and registering cases, ensuring the legal status of their applicant, verifying the availability of all legal requirements for their registration, supervising the electronic exchange of notes between their parties according to the regular periods, and analyzing and studying aspects of legal, tax, accounting and customs disputes. Managing sessions, drafting decisions issued by committees, and electronically handing them over to the parties.
In this regard, he affirmed the keenness of the General Secretariat, as an independent body, on legal and legal authentication when examining cases, following the rules and regulations and what was settled by the judiciary of the committees, and educating customers about everything that would protect their rights and facilitate litigation procedures through the remote litigation service provided by the Secretariat and electronic authentication for verification. Attendance before the committees and document their minutes and decisions issued electronically.
Al-Hassoun reviewed the most prominent plans adopted by the Secretariat during the years 2022 and 2023, including the development of the remote litigation system in several prisons in various regions of the Kingdom, in cooperation with the General Administration of Prisons, and the development of technical integration between the General Secretariat and the Public Prosecution. artificial intelligence, developing electronic services, extracting and documenting judicial principles, building awareness plans for customers, raising operational efficiency, and other plans.
"Good Governance" is the choice of family businesses to continue with the succession of generations
24/03/2022
"Good Governance" is the choice of family businesses to continue with the succession of generations
A workshop organized by the Asharqia Chamber in cooperation with the National Center for Family Enterprises emphasized the effectiveness of "governance" in the sustainability of (particularly family) companies by ensuring the application of integrity, justice, and transparency. It noted the pivotal role of boards of directors in implementing good governance to achieve its desired goals.
The workshop that was held recently and entitled "The Role of Board Members in the Governance and Sustainability of Family Businesses" was based on the definition of governance in the general framework, as: "An administrative and financial control system for the company, which includes a set of rules that regulate the relations, rights and duties of each of the owners The capital, the chairman and members of the board of directors, and the interested parties in the company."
In this regard, Dr. Muhammad Sadiq (Member of the Board of Directors of the Governance and Administrative Compliance Company), who was one of the speakers in the workshop, says that corporate governance: “is the rules for the leadership and direction of the company, which include mechanisms to regulate the various relations between: (the board of directors, executives, and shareholders, and stakeholders) by setting special rules and procedures to facilitate the decision-making process, and to impart a character of transparency and credibility to it, to protect the rights of shareholders and stakeholders, and to achieve justice, competition, and transparency in the financial market and the business environment.
Sadiq believes that governance in family businesses takes a similar picture to what is the case with companies, in terms of being a set of rules and procedures that help protect rights,” to include “the founders as well as the rest of the family with stakeholders, in addition to protecting the rights of stakeholders such as workers and customers.” and suppliers in a way that ensures the continuity and growth of these companies from one generation to the next.”
Accordingly, Dr. Sadiq believes that governance, as a culture and a method for controlling the relationship between the owners, managers, and dealers of the facility, mostly depends on controlling the relationship between the owners of the facility, those who manage it, those dealing with it and the surrounding environment through specific mechanisms based on good structuring, organization and defining powers Review and audit, transparency and disclosure, equal assistance between partners, and compatibility with stakeholders with the facility.
The Director of Business Development and Strategic Partnerships at the National Center for Family Enterprises, Naim Al Sharab, said that governance provides the regulatory framework through which the company can define its goals and determine how to achieve them, and ensures the fair supervision and voting process that ensures full disclosure of all material facts and enables shareholders to Exercise their ownership rights, thus reducing the risks related to financial and administrative corruption.
Al-Shurrab emphasized that governance includes the board of directors in any company, and this board is a group of individuals elected by the company’s shareholders to oversee the management of this company. The board members meet periodically and take legal responsibility for the company’s activities.
Accordingly, Al Sharab says: The board of directors must meet periodically to perform the tasks and responsibilities, including discussing important issues related to the company’s performance and management, provided that the number of these meetings ranges between 6-4 meetings as a minimum annually, other than emergency meetings to discuss urgent issues, Provided that decisions are taken during the meetings of the Board by a majority vote of the attending members.
Specialist: The sales of the restaurants and cafes sector exceeded 6 billion riyals last January
24/03/2022
Specialist: The sales of the restaurants and cafes sector exceeded 6 billion riyals last January
During a meeting organized by the Small and Medium Enterprises Center in the Asharqia Chamber on Wednesday evening, March 23, 2022, Al-Awwam clarified a number of challenges facing specialized cafes, including: price fluctuations, which cause the average cost price to remain unstable, and the sector requires an experienced team to continue experimenting and selecting new varieties. From coffee to today's coffee drinks and drip coffee, in addition to planning the required stock of tools and coffee bags for resale.
Osama Al-Awam, the founding partner of the Roasting House, a member of the International Specialty Coffee Association, revealed several challenges facing investors in the field of specialty coffee, represented in the sustainability of supply, whether from roasters or due to the organization of the internal supply chain.
Al-Awwam pointed out that the café, which copied ideas from other regions without studying the needs of its customers, faces many challenges, including: using financial resources to reserve larger stocks than needed or difficult-to-move products, difficulty in managing cash, difficulty in successful marketing campaigns and lack of employee training.
Al-Awwam said that Saudi coffee is an essential element in the Saudi society, as the Kingdom is the largest importer of Ethiopian coffee, with a value of 496 million riyals in 2019, in addition to the fact that the taste is directed towards various flavors and tastes such as: specialized coffee and cold drinks, which encourages investment in this field.
Al-Awwam stressed that several incentives encourage investment in this sector, including, according to what the Saudi Central Bank announced, that the sales of the restaurants and cafes sector through points of sale in January 2022 exceeded the 6 billion riyals barrier, and the spending on restaurants and cafes in the first week after the reopening of orders Local restaurants and cafes achieved sales of more than 5 billion riyals in January 2021.
The public said that the most successful cafes focus on the continuity and stability of the quality of the basic and top-selling drinks, as well as providing some basic needs to support sales, and the vast category of successful cafes focus on the stability of the type of coffee for their most demanded drinks, and on some of the most common coffee sources in areas other than their own. , with the expectation of its success without studying the consumer’s need and environment, finding different ways of supplying (for example, a bi-monthly supply instead of a monthly one to reduce the volume of purchase at one time), searching for competitive options in establishing new branches or in upgrading equipment and tools, in addition to improving financial management and increasing training and creation of high-quality beverages and complementary products such as cakes and desserts.
Asharqia Chamber reviews the need to build the capacities of the Boards of Trustees for Endowments
24/03/2022
Asharqia Chamber reviews the need to build the capacities of the Boards of Trustees for Endowments
Asharqia Chamber, represented by the Endowments Committee, organized a workshop entitled "Determining the Need to Build the Capacity of the Boards of Spectacles for Endowments" presented by Eng.Musa Al-Mousa, a member of the committee, is in the presence of several specialists and interested persons.
Al-Mousa said during the workshop, which was held on Wednesday evening, March 23, 2022, that the growth of the endowment sector in Saudi Arabia, the Gulf, and the Arab and Islamic world has become an urgent need for qualified and effective spectacles councils that are efficient in both knowledge and skills, noting that the sector suffers from the loss of several endowments due to weakness Its chiefs’ councils, given that the chiefs’ council represents a voluntary, elected or appointed group of individuals who have collective authority to set the endowment policy, supervise it and follow up its implementation.
Al-Mousa pointed out that the effectiveness, skills, and attributes of the members of the glasses councils are linked to the success and failure of the endowment management, noting that the sector suffers from many challenges, the most prominent of which are: the lack of local and regional rehabilitation programs that depend on enhancing knowledge aspects and providing practical skills to the members of the glasses council, and the absence of assessing bodies. Performing the glasses councils and their members, preparing the necessary reports and consultations, and finding specialized advisors and coaches.
The workshop concluded with many challenges facing the endowment sector, including the absence of legislation, poor qualification and leadership, failure to enter the realm of investment, and the transformation of endowments into a business organization, in addition to the absence of training for the next generation of the Council of Spectators and raising the level of qualification, integrating the female component in the council, and weak regulations Endowment Standards.
legal explains the mechanisms of exit and competition within the activities of the Asharqia Chamber of Entrepreneurship incubator
23/03/2022
legal explains the mechanisms of exit and competition within the activities of the Asharqia Chamber of Entrepreneurship incubator
Under the title "Legal Illuminations for Entrepreneurship", the Asharqia Chamber represented by the "Asharqia Chamber of Entrepreneurship Incubator" recently held a workshop during which lawyer Mohammed bin Hamad Al-Marri spoke, touching on several issues related to trade, commercial entities and the mechanisms followed regarding issues facing the worker in this field.
Al-Marri said that the merchant, according to the definition of Article 1 in the Commercial Court Law, is the one who “worked in commercial transactions and took them as a profession. However, the Saudi system was not satisfied with the personal criterion in defining the merchant, but rather expanded it to include businesses that are considered commercial, even if the merchant did not practice them.
Al-Marri moved by talking about the capital to mention that the partners should agree on the mechanism, time, and nature of the company’s capital and the possibility of raising it to keep pace with the market, as well as agreeing on what should be done if some partners are unable to raise the capital.
He also stressed the importance of adhering to the company’s objectives so as not to incur responsibility for its management in the event of a violation of the company’s objectives. It is also not recommended to expand the company’s objectives so as not to be an obstacle to the partners in competition. He also cautioned on the need for transparency of the parties’ relationship with the company in the event of a conflict of interest.
Within this context, Al-Marri touched on several issues related to commercial work, and reviewed them from purely legal aspects, including management, responsibility, rights and powers, the purposes of the company, exit, and liquidation.
He spoke about the issue of disputes in the commercial market and stated that solutions are usually achieved either by arbitration or by resorting to the judiciary or the authorities concerned with such issues.
At the end of the workshop, the lecturer gave several tips in the process of signing contracts, including signing all pages, taking copies of documents, agreeing on a common language between the contractors, and agreeing on exit mechanisms and dispute resolution.
The photography enters the "track" of Saudization, and its most prominent customers are restaurants
23/03/2022
During a workshop in the Asharqia Chamber
The photography enters the "track" of Saudization, and its most prominent customers are restaurants
A specialized workshop held by the Asharqia Chamber on Tuesday evening, March 22, 2022, expressed optimism about the growth of the photography sector for restaurant products, which has become the best and first way to market these products, and in one rank with the skilled staff, the distinguished location, and the quality of the product.
The workshop, titled (Professional Photography for Restaurants), which was moderated by Zahrat Al-Momen and attended by photography investors Muhammad Al-Mansaf and Abdul Aziz Al-Khalidi, stressed the effectiveness of the impact of professional images produced by photographers, as it contributed to transforming several amateur photographers into professionals, as a result of Increasing demand for service, and the two participants in the workshop emphasized that the pictures contributed to promoting products (or meals) that restaurants wanted to stop producing and that the professional pictures produced contributed to promoting restaurants that were in non-commercial and invalid sites, and a candidate for closure and cessation, but The pictures bypassed this predicament, which prompted some restaurants to agree with photographers to take new pictures (annual, monthly or even weekly), which opened the door to more people wishing to work in this field.
The workshop (which was held remotely) emphasized that promoting restaurants at present is not from the menu of meals that restaurants provide to their customers, not even from the prices offered, but rather comes from the images that have become the first marketing method in this regard. Some even considered photography a rank in the availability of a distinguished chef in achieving success for the restaurant. Noting the development of the means of displaying images, which are no longer ordinary, but rather rely on modern methods of capture and presentation through social media, as well as the diversity of images presented through these means,
And about the ingredients for success in this field, which has become a field for attracting national talent, and the most prominent of these challenges, which were five years ago, is the lack of the necessary equipment and devices, as well as the high prices, and the lack of means of maintenance if available through electronic commerce, but with the increased demand in the market To specialize in the field of photography, the market for photographic equipment and devices has boomed, with competitive prices and services for foreign markets.
Continuous growth in the volume of trade exchange between the Kingdom, Belgium and Luxembourg
17/03/2022
Continuous growth in the volume of trade exchange between the Kingdom, Belgium, and Luxembourg
The First Vice Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Boali, expressed great optimism about the strengthening and growth of trade relations between the Kingdom, Belgium, and Luxembourg, and that promising opportunities are available to the private sector as a result of this, to establish value-added projects, especially in the fields of technology, energy, and logistic services.
Al-Buali said, during a meeting with the Belgian-Luxembourgian trade delegation organized by the Asharqia Chamber at its headquarters Thursday, March 17, 2022, headed by the Belgian Consul to the Kingdom Elisa de Rais, and in the presence of the Secretary-General of the Arab-Belgian-Luxembourgian Chamber Caesar Hijazin, and with the participation of the business sector, that the Kingdom is associated with the Kingdom of Belgium and the State of Luxembourg Economic relations are moving in a positive and escalating trend, especially since the two countries (Belgium and Luxembourg) enjoy strong joint economic and trade relations between them that are subject to numerous agreements, foremost of which is (the Agreement for the Promotion and Mutual Protection of Investments with the Belgian-Luxembourgian Economic Union), and the two countries share many areas of trade and investment cooperation. , such as health care, energy, environment, transportation, logistics, and many other sectors, which provides a good opportunity for the private sector in the Kingdom.
Al-Buali pointed out that the relationship with the three countries has witnessed a tangible development at various levels, especially at the economic level, as the volume of trade between the Kingdom and Belgium in 2019 amounted to about 27 billion riyals, and in the year of the pandemic, about 17 billion riyals, and Belgium ranked 13th in terms of Ranking of the countries to which the Kingdom exports in 2020.
Al-Buali called on the business sector in the three countries to seize commercial opportunities, pointing to the excellence of Belgian-Luxembourgish companies, which is reflected in their effective performance and use of modern technology.
Specialists from King Salman Energy City "SPARK" participated in the meeting, where Abdullah Al-Dayl, Senior Analyst for Industrial Investments, gave a presentation on the city, which extends over an area of 50 square kilometers and is being developed to become the leading gateway to the regional energy sector in the future.
More than 3 billion dollars, the volume of trade exchange between the Kingdom and the Republic of Austria
16/03/2022
Asharqia Chamber organizes a meeting of the Austrian trade delegation
More than 3 billion dollars, the volume of trade exchange between the Kingdom and the Republic of Austria
The First Vice Chairman of the Board of Directors of Asharqia Chamber Hamad bin Muhammad Al-Boali praised the level of economic relations between the Kingdom and the Republic of Austria. He praised the efforts made in this field by the concerned authorities in the two countries, which will contribute to promoting trade exchange and strengthening economic relations between the two friendly countries.
This came during a meeting of the Austrian trade delegation organized by the Chamber on Wednesday, March 16, 2022, headed by the Vice President of the Federation of Austrian Chambers, Dr. Richard Schinsz. The participation of the Economic Counsellor at the Embassy of the Republic of Austria in the Kingdom, Christoph Pfeiffer, and representatives of several Austrian bodies and companies specialized in several economic fields (industrial, agricultural, tourism, etc.), imply promising prospects for partnership with Saudi investors.
A Specialists from King Salman Energy City "SPARK" participated in the meeting, where an industrial investment attraction specialist, Marwan bin Faisal Al-Zahrani, gave a presentation on the city, which is an integrated industrial ecosystem, extending over an area of 50 square kilometers and being developed to become in the future the leading gateway to the regional energy sector.
During the meeting, Al-Buali pointed out that the economic relations between the Kingdom and Austria are characterized by continuous growth and are characterized by a strategic nature based on the foundations of cooperation to serve the interests of the two countries at all levels, as the volume of trade exchange between the Kingdom and Austria has developed from approximately 1.8 billion riyals in 2005 to about 3.3 billion riyals in 2020, compared to 3.4 billion riyals in 2019 AD, and about 3.9 billion riyals in 2016, while the Kingdom is now the export destination and the main trading partner of Austria in the Middle East.
Al-Buali pointed out that there is an increasing keenness on the part of the two friendly countries to advance bilateral relations that span more than 60 years, exploit all trade and investment opportunities in both countries, enhance the volume of trade exchange, and establish joint projects in many economic sectors, which indicates broader horizons of cooperation. Between the private sector in the two countries, in light of what distinguishes “Austria” from the presence of a large service sector, strong industrial and developed agricultural, and what characterizes our country of a strong economy that is growing steadily according to an ambitious vision aimed at diversifying the base of the national economy by optimizing the use of available resources, as well as the investment environment Attractive, and reinforced by a set of motivating laws and procedures.
In this regard, Al-Buali said that the Chamber, within the framework of its efforts to strengthen the joint economic relations that link the two friendly countries, puts all its branches and all its capabilities to receive economic delegations and provide them with the commercial and investment information they need, to expand investment circles between local businessmen and their counterparts from Austria. ".
Al-Buali stressed that the meeting aims to get acquainted more with the Kingdom’s paths towards strengthening the renewable energy sector and other major sectors, the new projects presented by the wise government, and the organizational and procedural steps it has taken to achieve the goals of the Kingdom’s Vision 2030.
The delegation specializes in various sectors, most notably: real estate, architecture, medical technology, energy efficiency, renewable energy, the automotive industry, and entertainment.
Specialized: Patience is the entrepreneur's weapon to overcoming challenges
16/03/2022
Specialized: Patience is the entrepreneur's weapon to overcoming challenges
The Asharqia Chamber of Entrepreneurship Incubator recently hosted Sherine Abdel-Rahman, a specialist in project development, as part of the incubator’s programs aimed at supporting both male and female entrepreneurs. During the meeting, a detailed dialogue was held on ways to develop business.
Al-Abdul-Rahman reviewed her experience in the labor market, where she talked about the beginnings of her project and the challenges she faced, and how she was able to overcome them, adhering to patience and taking advice from those who preceded her in the field.
She also provided some advice in several areas, most notably the financial and marketing aspects, in addition to employment, noting the importance of the recruitment process going through stages that examine applicants and focus a lot on their skills to ensure their effectiveness in continuing and developing the business.
This comes within the framework of the incubator’s efforts to host the owners of successful experiences to review them and present them to its members in the incubator, to benefit from them.
The incubator provides multiple activities for the entrepreneurs who join it in the incubator, including awareness and guidance programs, including workshops and educational and awareness meetings, during which specialized consultations are provided in all economic sectors to help obtain financial financing for projects by facilitating access to sources of support and other programs that help Entrepreneurs to launch or develop their projects.
Specialized: 250 thousand brands franchise worldwide
15/03/2022
Specialized: 250 thousand brands franchise worldwide
The Center for Small and Medium Enterprises in the Asharqia Chamber organized a meeting on Monday evening, March 14, 2022, that reviewed the legal dimensions of commercial concession contracts.
The founder and Chairman of the Board of Directors of the Saudi Franchise Association, Lawyer Khaled bin Amin Youssef, said during the meeting that the franchisor is the main owner of the trademark, who grants the franchise to the second party, and he is a person with a natural or legal capacity that grants the franchise under the franchise agreement, and this includes the main franchisor concerning relating to its relationship with the sub-franchisee.
The Secretary explained that the franchisor is obligated to specify the rights granted to the franchisor concerning the franchise, specify the franchise business model in detail, train the franchisor’s employees, in addition to technical assistance, and also provide the franchisor, directly or through another party, with goods or services related to the franchise throughout the validity period Concession agreement, maintaining the confidentiality of information and accounting and financial data related to the franchisor’s business, in addition to responding to the franchisor’s request to provide him with details of the financial compensation owed or paid by him regarding the practice of the franchise business, and not to establish any facility that engages in an activity similar to that of the franchisor in the geographical area specified in the concession agreement, or granting the right to others to do so during the term of the agreement.
The Secretary pointed out that 250,000 trademarks grant franchises worldwide, about 2 million units are operating under the franchise system worldwide, about 19 million people work in the field of franchising in the world, and 8 percent of consumers live around the world. In emerging markets, only 28 percent of brands operate in various countries of the foreign world, and the average local brands per country are 600 brands, and the average employment for each global franchise unit is 11 employees.
Asharqia Chamber reviews the experience of Al-Jabr Holding Group in community development
10/03/2022
Asharqia Chamber reviews the experience of Al-Jabr Holding Group in community development
As part of a series of successful experiences, the Social Responsibility Center in Asharqia Chamber organized an evening that reviewed the experience of Al Jabr Holding Group in community development, on Wednesday evening, March 9, 2022.
The Managing Director of Al-Jabr Holding Company and Chairman of the Board of Directors of the Association, Abdul Salam Al-Jabr, said that the Foundation, through its vision, is keen to provide a unique experience for stakeholders, as it meets their needs and increases their loyalty, through the work team, pointing to the funding sources that it relies on charitable work. Which allocates a portion of the company's budget, from marketing campaigns, partnerships with customers or employees, and the balances of unknown customers.
Al-Jabr explained that the Foundation works following organizational frameworks to provide charitable works in cash or in kind, represented in social services and charitable causes, in the way that the true Islamic religion urges, stressing that the greatest result and the most beautiful feeling in which the donor is happy to see the impact of his donation before his eyes.
Al-Jabr indicated that the Foundation is working on several training programs aimed at developing talents and skills, such as new employee programs, administrative and technical training programs, and distance training, in addition to programs related to the work environment, sports activities, lifestyle, traffic safety, the environment, and the taxi initiative.
On the issue of business sustainability and its importance in continuing to bid for the charitable project, Al-Jabr said that the Foundation uses a set of assets as annual revenue that generates income for its activities by purchasing several income-generating assets and the founders relinquishing some of their properties to the foundation.
Specialized consultations for small industrial projects in the Asharqia Chamber
10/03/2022
Specialized consultations for small industrial projects in the Asharqia Chamber
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented on Thursday, March 10, 2022, a specialized consultancy program, which was allocated to owners of small and medium industrial enterprises.
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented on Thursday, March 10, 2022, a specialized consultancy program, which was allocated to owners of small and medium industrial enterprises.
It is noteworthy that the program, which has been established by the Asharqia Chamber, targets all those wishing to start their projects and owners of small and medium enterprises in particular, where specialists within this program provide a package of practical advice aimed at developing their businesses and projects.
The program is part of several activities and efforts implemented by the Chamber to sponsor, support, and develop small and medium enterprises, including seminars, lectures, and training courses, as well as free specialized and advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of young businesspeople.
The "Economy": In its new edition: Mining is the third pillar of the national economy
09/03/2022
The "Economy": In its new edition: Mining is the third pillar of the national economy
Asharqia Chamber recently issued issue No. (589/590) of its magazine “Al-Iqtisad” and it represents a media window that monitors the reality and developments of the local and global economy.
In its new issue of monitoring and analysis, the magazine dealt with the journey of structural reforms and their repercussions on the national economy, new turns in treating market distortions at the end of the corrective period, developments in oil prices, and their consequences for the state's general budget, and many other issues and topics related to the local and global economy.
The new issue, in a report entitled (Mining, the Third Pillar of the National Economy), reviewed the great strides the Kingdom has made in the field of mineral discoveries and investment in the mining sector and the initiatives and programs it launched to keep pace with the aspirations of the Kingdom's vision for the mining sector, and the Kingdom's distinct mining capabilities that qualify it to be a regional center for mining, as well as highlighting by monitoring and analysis the significant growth of the national economy in the last quarter of last year, which came higher than the local government estimates as well as the International Monetary Fund.
The issue also dealt with the growth taking place in the sports sector, which witnessed unprecedented government support in all its sectors, which contributed to raising the level of competition and diversity of games and raising the value of sports investment in the Kingdom to record levels, which was later reflected in the value of the Saudi League, which reached its highest evaluation since its inception.
The new issue also contained a report on Saudi coffee and the paths taken by the state to return to the fore once again, whether culturally or economically.
The magazine included, along with many opinion articles, analyses, reports, and coverage of the most prominent economic events and activities in various sectors in the Kingdom, the region, and the world.
Asharqia Chamber holds its general assembly and reviews the most prominent programs supporting the business sector
09/03/2022
Asharqia Chamber holds its general assembly and reviews the most prominent programs supporting the business sector
Asharqia Chamber held on Tuesday evening, March 8, 2022 AD the work of the General Assembly for the fiscal year 2021 AD, during which the Chairman of the Board of Directors, Badr bin Suleiman Al-Raziza, reviewed the Chamber’s achievements, various activities, and services provided to more than 113 thousand subscribers by the end of 2021 AD, under the title “Leadership in serving the business sector”, As well as a summary of the Chamber's financial position, the results of the financial year ending last December, and the operating and capital budget for the current year. The Chamber's financial and administrative regulations were also approved in the presence of a remarkable presence of the Chamber's subscribers.
Al-Raziza said that the Chamber was able to last year, following its vision and mission, and in keeping with the requirements of the 2030 vision, achieve many achievements; Whether in terms of economic awareness or providing distinguished services to the business sector, it was an example in revealing the identity of the Eastern Province investment and an aid to the business sector in being aware of the economic developments that the Kingdom and the region are going through.
Al-Raziza indicated that 2021 was an exceptional year, at the national level, in which the Kingdom overcame the repercussions of the pandemic with measures and decisions that became a model for dealing with crises, and in terms of the Chamber’s work, the same year witnessed the implementation of the Chamber’s new strategy that was launched to achieve further development and enhance performance. And improving resources, in line with the transformations of the 2030 vision.
Al-Raziza considered that the year 2021 AD is the year of achievements and the introduction, adoption, and implementation of programs and initiatives, especially in terms of the expected dimensions and the priorities followed, by placing it at the forefront of entrepreneurship programs, youth resettlement projects and many other activities and events, which were monitored by the Chamber’s annual report for 2021.
Al-Raziza said that during the past year, the Chamber continued its efforts towards supporting the national economy and that as part of its endeavors to enhance sustainability, it launched, under the patronage and honor of His Highness the Governor of the Eastern Region and His Highness his Deputy, one of its most important steps for financial sustainability by opening (the investment tower), which ensures its continuity in developing its services to its subscribers. It launched the "Asharqia Chamber of Entrepreneurship Incubator", which is concerned with guiding, nurturing, and growing emerging projects, providing mentorship, and creating a platform for communication between entrepreneurs.
He went on to say:( as a contribution to achieving integration with various institutions and initiatives, the Chamber has set up an office that supports the state's directions in combating commercial cover-up to be a platform to enable requests to correct the situation. It has also organized many meetings and forums to discuss the aspirations and aspirations of the business sector and work to overcome challenges in all sectors so that it performs its developmental roles.
Al-Raziza revealed that during the year 2021 AD, the business committees achieved several achievements, and carried out about (331) meetings, about (59) meetings of the work teams and (17) extended meetings, and the number of lectures and workshops organized by them reached (61) lectures and workshops, while the number of Hosts, visits, and meetings of officials (101) meetings. Business committees and councils also presented several initiatives that emphasize the principle of partnership and development with the business sector, including: (The Sharkia Initiative is fortified, the launch of self-service for the classification of contractors, the Baitul Rahman initiative, and the Takamol initiative).
Al-Raziza indicated that the last year witnessed the Chamber's preparation of about (56) studies, research, reports, and specialized working papers, and about (25) reports that included the state of trade relations between the Kingdom and other countries, and 12 reports were prepared to represent the views of the business sector on economic developments in the country. In the field of legal advice, the number of beneficiaries reached (492), while (13) arbitration cases were completed, (8) cases of commercial disputes were resolved, while the number of registered and completed protest cases reached (48) cases that were terminated (13) case of them.
As part of the Chamber's endeavor to expand in the field of legal advice and commercial arbitration and to work within the institutional framework, the Chamber inaugurated the Arbitration Center, which is managed by a group of experienced and qualified experts in the fields of arbitration.
Intending to enhance cooperation and develop international relations to promote foreign investment, Al-Raziza said that the number of visits by delegations and officials to the Chamber reached (20), while the number of Saudi businessmen’s participation in external events and events reached about (9) delegations.
About the fields of training and employment, Al-Raziza said that the Chamber, represented by the Training and Leadership Development Center, implemented (50) training and rehabilitation programs, and the number of beneficiaries of the center’s services reached (1182) male and female trainees, with several training days amounting to (236) days, and the Chamber’s employment center was also organized (28) Employment meetings in cooperation with several establishments, during which it attracted (3590) job applicants who competed for (1648) jobs offered by (41) companies and institutions.
To enhance women’s empowerment efforts, Al-Raziza stated that the Chamber, through its Center for Women Empowerment, implemented about (62) programs and events, benefiting (5600) women. The center also provided (178) information services on all economic activities, in addition to providing (6) training programs Specializing in educating and helping women and entrepreneurs.
Al-Raziza pointed out that last year witnessed the continuation of the Small and Medium Enterprises Center to provide services and programs to entrepreneurs. It provided about (680) consultations throughout the year, and organized (12) lectures and workshops and (5) consultative meetings, in addition to opening an office to facilitate Business in cooperation with "Monsha'at" to identify the challenges faced by the small and medium enterprises sector and entrepreneurs.
Al-Raziza said that it is the culmination of the efforts of the Asharqia Chamber in support of social responsibility, the Committee of Friends of Patients in the Chamber achieved first place for the non-profit sector in the “Man First” award, which was launched by the branch of the Ministry of Human Resources and Social Development in the Eastern Province, pointing to the committee’s continuity in its bid of providing devices and medical supplies, visit hospitals and patients and touch their needs.
After the Assembly’s work, Al-Raziza valued the great support of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, for all the Chamber’s outputs, and his constant keenness to take care of the private sector, as well as His Royal Highness, Prince Ahmed bin Fahd bin Salman He also thanked and appreciated the members of the Chamber’s board of directors for the eighteenth session and all government agencies and departments, among others, who had outstanding contributions and clear fingerprints in many of the projects launched by the Chamber during the past year.
Specialists: Companies that rely on diversity and empower women, attract investors
08/03/2022
During a meeting in conjunction with International Women's Day in the Asharqia Chamber
Specialists: Companies that rely on diversity and empower women, attract investors
Asharqia Chamber, represented by the Women Empowerment Center, organized on Monday evening, March 7, 2022, a panel discussion that coincides with International Women's Day, entitled: Saudi women are pride and honor, hosted by the Chamber's headquarters.
The meeting, which was held in the presence of a member of the Chamber's board of directors, Agarid bint Ihsan Abdul-Jawad, and the participation of a member of the chamber's board of directors, Nouf bint Abdulaziz Al-Turki, witnessed a remarkable interaction from the audience. Al-Ahsa Development and Charity Girl Latifa bint Abdullah Al-Afaleq, and the workshop was moderated by Maram Al-Jishi, Director of the E-Commerce Department at the Public Authority for Small and Medium Enterprises.
During the panel discussion, Abdel-Gawad explained that in light of the unlimited support provided by the wise leadership to Saudi women to enable them at all levels, their participation rate in the labor market, according to the statistics of the year 2021, increased to nearly 34%.
Abdul-Jawad said that the Kingdom, under the leadership of the Custodian of the Two Holy Mosques and His Highness the Crown Prince - may God preserve them - was launched according to a clear vision that achieved gender equity and provided opportunities to empower women and support their participation in the national development taking place, thus making Saudi women face successive achievements and gains.
Abdul-Jawad indicated that Saudi women began reaping the fruits and making their mark in building their society, by accessing various sectors and fields that extend from education and sports to the judiciary and military sectors to reach political positions and senior administrative positions.
She said that these achievements and gains require all of us to reach a high level of quality and effectiveness with our performance so that we can be up to the trust and appreciation that our guardians have given us, and to strive to participate seriously in achieving the goals and aspirations of our ambitious vision, which emphasized that women are one of The most important elements of the Kingdom's launch towards the future.
For her part, Al-Turki said that Saudi women, whenever they find a fertile environment and appropriate opportunities, help them develop themselves and achieve progress, pointing out that empowering women in boards of directors contributes to the diversity of decision-making and the involvement of the second half of society in all concerns and decisions.
Al-Turki indicated that companies that rely on diversity, participation, and women's empowerment attract investors more than other companies because they know that companies of the first type are more open and comprehensive at the same time.
For her part, Al-Ruwaili said during the panel discussion that the female component occupies 33 percent of the trusteeship company and that the women in the company are distinguished by transforming difficulties and challenges into opportunities for success, stressing that women, whenever they find the appropriate opportunity and support in various fields, are creative and satisfied only to be added value to the facility.
As for Al-Afaleq, she spoke about the keenness of women to provide initiatives, indicating that the association was able to provide services that refine the talents and passion of women and qualify them for the labor market, by providing support in several different tracks, starting with training, education and rehabilitation, and then follow-up, in order to enhance their chances of success.
Asharqia Chamber receives a Jordanian trade delegation headed by the Jordanian Minister of Industry, Trade and Supply
02/03/2022
To enhance bilateral trade routes
Asharqia Chamber receives a Jordanian trade delegation headed by the Jordanian Minister of Industry, Trade, and Supply
The Jordanian Minister of Industry, Trade, and Supply Youssef Al-Shamali confirmed that Saudi investments are among the most important investments in Jordan and that the two countries have ambitions to raise the level of trade exchange. In the two brotherly countries, to keep pace with the aspirations of the leadership of the two countries towards achieving economic integration.
This came during his visit and a Jordanian delegation yesterday, Tuesday, March 1, 2022 AD, to the Asharqia Chamber, and was received by the Chairman and members of the Board of Directors of the Chamber and representatives of the business sector in the Eastern Province.
His Excellency said that the legal frameworks in the two countries are available, including the bilateral agreement and the Arab League agreement, and that the two countries signed 17 documents during the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz to Jordan in 2017, hoping that the visit of the Jordanian delegation to the Kingdom will reflect positively on the increase in the volume of trade exchange.
For this part, the Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, welcomed the Jordanian delegation, stressing the depth of bonding between the two brotherly countries and the brotherly relationship between the two leaderships, which made it a real model and a role model for Arab cooperation in all fields.
Al-Raziza said that the Saudi-Jordanian relations are distinguished by their historical depth, and there is an increasing interest on the part of the Saudi and Jordanian sides at all levels to advance bilateral relations, especially the economic ones in a manner that serves common interests and maximizes the benefit of the brotherly and historical ties between the two countries and that the private sector on both sides can under the light of the prepared conditions supported by the two countries’ visions for the future, to play a major role in increasing the prospects for economic cooperation, enhancing inter-trade, and establishing more investment projects.
Al-Raziza pointed out that the Kingdom and brotherly Jordan share many areas of cooperation, such as transport, infrastructure, energy, the financial and commercial sector, the tourism construction sector, and many other sectors. The two countries have great commercial relations, pointing out that Jordan is one of the most prominent trading partners of the Kingdom; The volume of trade between the two countries in 2019 amounted to about 14.7 billion riyals, and in the year of the pandemic, about 11.6 billion riyals, and Saudi investments in Jordan amount to nearly 13 billion dollars in the sectors of transportation, infrastructure, energy, commercial and financial, construction and tourism).
He said that the Asharqia Chamber, within the framework of its objectives of strengthening joint commercial relations between the private sector in both countries, puts all its capabilities, whether in terms of providing you with commercial information and investment opportunities that characterize the Eastern region, or achieving your direct communication with the business sector in the region, to expand investment circles and enhance Trade exchange and the establishment of complementary industries between the two sides.
For this part, the head of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbir pointed to the importance of the role of the Saudi-Jordanian private sector in promoting the process of economic integration and called for benefiting from the meeting to form trade exchange partnerships between the two countries, especially as it is not commensurate with the productive diversity of the industrial sector in the two countries.
Jaghbir said that the Jordanian industrial sector is one of the most promising and capable of development, as its exports constitute more than 90% of the total Jordanian exports. Cardboard, vegetables, dairy products, soap, and cleaning tools, while Jordan imported $2.1 billion from the Kingdom, and Jordanian imports from the Kingdom of mineral fuel and its distillation products accounted for 53% of the total imports, in addition to plastics and their products, including ethylene polymers in all its primary forms.
Asharqia Chamber organizes a workshop on risk management in small and medium enterprises
28/02/2022
Asharqia Chamber organizes a workshop on risk management in small and medium enterprises
The Small and Medium Enterprises Center in Asharqia Chamber organized a workshop that reviewed the important tools to reduce risks that pose a threat to the workflow of small and medium enterprises.
During the workshop held on Sunday evening, February 28, 2022, at the headquarters of the Asharqia Chamber of Entrepreneurship incubator in the Chamber Tower, entitled "Risk Management in Small and Medium Enterprises", the consultant in business development discussed the strategy for negative risks or threats, where the most prominent tools of the strategy, including: Avoidance by changing the management plan to eliminate the threat completely, transferring the impact of threats to another party, mitigating by acting to reduce the likelihood of the occurrence of the danger or risk and mitigating its effects, also acceptance by recognizing the risk and not taking any action unless it occurs, and exploitation by work 2 To ensure the realization of opportunities, as well as improvement in order to increase the possibilities or positive effects of the opportunity, and participation by allocating some or all ownership of the opportunity to another party that is better in the ability to seize the opportunity for the benefit of all parties, and acceptance in the event of desire and willingness to take advantage of the opportunity if it occurs But while not actively pursuing it.
Asharqia Chamber organizes a specialized consulting program in electronic applications
28/02/2022
Asharqia Chamber organizes a specialized consulting program in electronic applications
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented on Monday, February 28, 2022, a specialized consultancy program, which was devoted to talking about “electronic applications for small and medium enterprises” and their impact on the performance of enterprises.
The program, which was held via video conferencing and hosted by the Chairman of the Board of Directors of 42 Holding Group, Eng. Louay Lubni, witnessed a remarkable interaction by the pioneers who communicated with the program presenter. Questions and inquiries about the topic of the meeting.
It is noteworthy that the program targets all those wishing to start their projects and owners of small and medium enterprises in particular.
This program is part of several activities and efforts implemented by the Chamber to sponsor, support, and develop small and medium enterprises, including seminars, lectures, and training courses, as well as free specialized advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of young businessmen and women. Activities by launching the Asharqia Chamber incubator.
Al-Jizani: We seek to support the logistics sector with specialized human resources
28/02/2022
In a workshop held in the Asharqia Chamber
Al-Jizani: We seek to support the logistics sector with specialized human resources
The Executive Director of the Saudi Logistics Academy, Dr. Ahmed bin Abdul-Jizani, confirmed that the academy is the only entity specialized in providing training programs in the field of logistics, not only at the level of the Kingdom but also at the level of the region as a whole. In supporting the logistics sector with the best specialized national competencies capable of shaping the sector’s future, achieving the objectives of the National Strategy for Transport and Logistics and the Kingdom’s Vision 2030 in enabling our country to be a global logistics center linking the three continents. To ensure the provision of quality programs following the best international standards and models, he also stressed that the Academy operates according to four tracks, serves seven sectors, and works in direct partnership with four government agencies related to the logistics sector.
He added during the workshop organized by the Asharqia Chamber on Sunday, February 27, 2022 AD, under the title (The Role of the Saudi Logistics Academy in Localizing Professions), that the Academy signed many memoranda of understanding with many educational and training agencies inside and outside the Kingdom, and it has a diversity of partnerships as it is keen to provide Training with high standards, with encouraging benefits during the training period, and distinguished after graduation and joining the labor market.
He pointed out that the logistic sector is a difficult, heavy, and numerous sector, and therefore it is difficult to work in it directly, as the theoretical educational programs are not sufficiently far from the practical application of the worker wishing to enter this vital field, but rather it is necessary to integrate theory with on-the-job training, and this is what to the academy.
Al-Jizani stated that after the announcement of the Kingdom’s Vision 2030, the logistics sector was one of the most important sectors mentioned as one of the most important goals of the vision, as the Kingdom seeks to be a global logistics platform, and this certainly requires the provision of three main requirements: strong infrastructure (ports, airports, railways, road network), applying the best international practices at this level locally, and finally human elements specialized in this field. And it seeks to meet the increasing demand for jobs specialized in the logistics field, as most workers in this sector work in non-logistical specialties, and the reason is due to the lack of educational and training programs, and therefore it is important to qualify specialized cadres in this regard, to play the same role
He said that the inauguration of the academy came in July 2021 as a joint initiative between the Ministry of Transport and Logistics, the Ministry of Communications and Information Technology, the Technical and Vocational Training Corporation, and the Public Transport Authority, with the support of the National Industrial Development Program (NDLP) and the Human Resources Development Fund (Hadaf). It serves seven sectors: “logistics and supply chains, postal logistics services, maritime and port transport, air transport, e-commerce and warehouse management, land transport, as well as international trade, shipping, and export.”
He stated that the Academy offers its training programs on four tracks. The first track consists of three-semester qualification diploma programs, each 14-week semester, including a special chapter in English, and a chapter in specialization subjects. The second track is short courses and distance training (which are intended for workers In the logistical field), international professional certificate programs, and the third track is specialized executive programs (to prepare leaders in this field)
He touched on the specializations offered by the Academy in the diploma program, which are: supply chain management and logistics, electronic commerce, warehouse management, marketing, sales and customer service, transportation and distribution specializations, management of shipping and customs operations, port and operations management, international trade, import and export, and the technical factor, all of which are in line with The Kingdom’s goals in Vision 2030
He pointed to several skills that the academy provides to the trainee, including discipline, working under pressure, adapting to changes, analytical thinking, creativity, and so on.
A specialist reviews the importance of distinguished human resources in the development of the small and medium enterprises sector
27/02/2022
A specialist reviews the importance of distinguished human resources in the development of the small and medium enterprises sector
The specialist in human resources, Bandar Al-Safir, stressed the importance of employing technology to serve human resources, which reflects positively on the sector for small and medium enterprises and entrepreneurs, during a workshop organized by the Asharqia Chamber represented by the Women's Empowerment Center on Wednesday evening, February 23, 2022.
During the remote meeting, Al-Safir explained that there is a confusion between the concept of small and medium enterprises and entrepreneurs, noting that a great difference is clear between them, as no one can confirm that entrepreneurs are the owners of small and medium enterprises and vice versa, and he went on to say that there is great confusion between the two concepts. Entrepreneurship is always linked to innovation, and therefore any innovative idea or its business model has been developed, it is considered entrepreneurship, and the owners of this idea become entrepreneurs and have different requirements and are dealt with differently and with various programs. As for small and medium enterprises, they are a miniature model of large and giant enterprises. , which are present and operate in the market.
And to talk about the importance of human resources for the sector of small and medium enterprises and entrepreneurs, the ambassador said: We must say that the added value that the facility obtains because of a distinguished and dedicated employee is great on the moral and material level, and hence the importance of choosing human resources that can achieve the company gains from through achieving goals and positively accomplishing business.
Therefore, the owner of the establishments or the entrepreneur doesn't need to have the ability and know-how in all the requirements of his project or establishment, whether they are in the financial departments, planning, and human resources, and it is necessary to seek the assistance of experts and specialists in these areas to select distinguished cadres who can implement the objectives of the establishment with dedication and creativity According to the directions of the establishment.
Al-Safir stressed the need to take advantage of technology in saving administrative and general expenses, pointing to some electronic applications and practices that reduce costs and contribute to raising the level of efficiency in operation, calling for benefiting from them, given their positive impact on the small and medium enterprises sector.
The Chairman and members of the Asharqia Chamber: The "Foundation Day" is the title of persistence, determination and sacrifices
27/02/2022
The Chairman and members of the Asharqia Chamber: The "Foundation Day" is the title of persistence, determination, and sacrifices
The Chairman and members of the Board of Directors of the Asharqia Chamber and its General Secretariat extended their congratulations and blessings to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, his trusted Crown Prince, His Royal Highness Prince Mohammed bin Salman, and to the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and his deputy, His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, and to the honorable Saudi people, on the occasion of the anniversary of the “Foundation Day”, and they said that it represents a symbol of persistence, determination and sacrifices, and documents a history of glories, and they emphasized that it is a day of pride and pride in the roots. They pointed out that the Kingdom is living today in its brightest era and a new era that is taking it to broader horizons, considering that “Foundation Day” is a major turning point in the history of the Kingdom and the entire region, vowing to walk the path of grandparents and fathers and to be A sincere help to raise the banner of the Kingdom among the nations.
The state concepts
The Chairman of the Board of Directors of the Asharqia Chamber, "Badr bin Suleiman Al-Raziza", said that with great happiness and optimism and hope for a bright tomorrow (with God Almighty's permission). My sincere congratulations and blessings, to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, his faithful Crown Prince, His Royal Highness Prince Mohammed bin Salman, and His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and his deputy His Royal Highness Prince “Ahmed bin Fahd bin Abdulaziz” and the masses of the noble Saudi people, on the occasion of the anniversary of the “Foundation Day”, in which Imam Muhammad bin Saud established the first Saudi state in (1139 AH / 1727 AD), and made a qualitative leap in the history of the city Diriyah, stressing that it is a day of pride and pride for the well-established roots, in which we evoke the sacrifices of our fathers and grandfathers for more than three centuries in order to establish a homeland that rises above the nations, pointing out that the “Foundation Day” is a day on which the concepts of the state and the importance of unity and agreement, and the values of persistence and determination were rooted on the right It fulfills the goals that culminated in the establishment of the Saudi state.
Al-Raziza stressed that this day, by its memory, we realize our ancient past and our responsibilities towards our homeland, and we emphasize our roles in what our country has taken within a vision full of purposes and goals for this generous country, saying: The conscience of our sons and daughters, and we are keen to ensure that its contents are within our visions in our public and private institutions.
The great epic
For his part, the Deputy Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Boali, said that the founding day is the beginning of a civilized march that the nations around us will emulate today. It is now, with the will, determination, and determination of the ancestors, that the dream came true by overcoming all the challenges that were waiting for them.
Al-Buali stressed that the founding day represents a major turning point in the modern history of the Kingdom, as the transition from division to unity, with what this unity means of the values of work and production and unleashing creativity among the various members of the people, and what it means as well as the establishment of the principles of stability and safety that enabled it to achieve progress. and prosperity at all levels, noting that the Kingdom is living today under the leadership of the Custodian of the Two Holy Mosques King “Salman bin Abdulaziz” and his trusted Crown Prince, His Royal Highness Prince “Mohammed bin Salman bin Abdulaziz”, the brightest of its eras and a new era based on those firm rules established by the forefathers He is moving the Kingdom to wider horizons, stressing that Vision 2030, with what it aims and aspires to reach, is a natural extension of the values of determination and determination on which the country has been based since its first inception, praying to God Almighty to perpetuate the Kingdom’s security, pride, and prosperity, support its entity and unity, and raise its status among Nations.
The Founding story
For his part, Deputy Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Ammar Al-Khalidi, said that the anniversary of the establishment reminds us of the story of the first founding of the entity of the Kingdom, and those early days of the idea of union, which Imam Muhammad bin Saud set out from Diriyah and from there to all parts of the Arabian Peninsula. He stressed that the celebration of the founding day lies in the contents of the values and principles established by the forefathers to build a state of persistence and determination and to identify the set of values that we are walking with today within the framework of the vision, its goals, and aspirations.
The firm entityA member of the Board of Directors, "Badr bin Muhammad Al-Abdul Karim", said that the founding day is a day of loyalty and gratitude for the great sacrifices made by the ancients during the three stages to build this firm entity. May God has mercy on the founders of the Saudi state in its three stages, Imam Muhammad bin Saud and the Imam Turki bin Abdullah bin Muhammad bin Saud and Imam King Abdulaziz bin Abdulrahman Al-Faisal Al Saud.
Al-Abdulkarim stressed that this day is an opportunity to read the full story and evoke the great sacrifices that it included, to know the early years of our country’s benevolent labors, under the umbrella of the prevailing discrimination at the time, where the grandparents were able to overcome challenges, saying: On this day, we can only stand in honor and respect for the first generation. It was a non-stop march, and our country, thank God, has always been for the better.
An example in giving
For his part, a member of the Board of Directors, "Hamad bin Hammoud Al-Hammad", said that every nation has historical figures that are proud of them, their achievements, and their giving, and they take them as role models in giving and make them a beacon that lights the way for them and motivates them to continue, and what we Saudis are proud of. Our history is pure, and the achievements of the greats are hardly repeated. We have found a model that was filled with the values of persistence and determination to establish the Saudi state.
Al-Hammad pointed out that the principles and values that Imam Muhammad bin Saud set out on, and whose approach became the first two after him, whether in the second or third state, is the main decisive point in the economic growth and political, cultural, and social leadership that the Kingdom is witnessing today, pointing out that the Kingdom is thanks to God. First, then the efforts of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz and his Crown Prince, Prince Muhammad bin Salman bin Abdulaziz, are moving towards the future with calculated steps and with a young vision filled with enthusiasm and patriotism. Innovative products that add value to the national economy.
The Will and determination
For this part, a member of the Board of Directors, “Saad bin Fadl Al-Buainain”, extended his congratulations and blessings to the Custodian of the Two Holy Mosques, his faithful Crown Prince, and all the sons of the country, on the occasion of the founding anniversary, stressing that considering this day an official holiday is a matter of gratitude and appreciation for those who sacrificed their lives for the establishment of This firm entity, invoking the values that are the secret of our current achievements and consolidating a long history of construction and sacrifices, invites everyone to celebrate this day and draw from its lessons.
Al-Buainain said that the anniversary of the founding presents a picture of the will and determination to achieve the goals, and how the founders set out in building the first, second and third Saudi state until reaching the entity of the modern state, which is considered a model and distinguished economically, politically and socially, and pointed out that what the Kingdom is witnessing today is prosperity on the At all levels and at all levels, it is an extension of the foundations and constants established by the imams and founding kings (may God rest their souls).
Remember the idea and its realization
A member of the board of directors, “Abdulaziz bin Muhammad Al-Othman”, confirmed that the anniversary of the establishment of the Saudi entity is a serial story, which began with an idea, which produced more lessons, and behind its success were many factors, including the insistence towards achieving the goal and the complete belief that achievement does not come alone but with will and follow-up. He bears the difficulties, and other factors that this acronym cannot bear, saying: The anniversary of the founding is the memory of the idea and its realization despite the difficulties.
The Starting point
While a member of the Board of Directors, Abdul Rahman bin Muhammad Al-Bassam, indicated that this day represents a lot for the Saudi people, as it is the day that established this high entity among nations, and was a symbol of the beginning, and accordingly, we as citizens have the right to celebrate this day, which represents The starting point for the development and modernization process.
Al-Bassam added that the founding day, in addition to the meanings of will and insistence on achieving the goal of unity and unity, has several other meanings that this basic meaning provides, which is the meanings of patriotism, redemption, and sacrifice to build a solid entity in which building shovels rise at all levels, considering that today is a reminder of a constructive march that began with a dream. and an idea and settled into a distinct entity that is rising year after year.
Tournament Code
For his part, a member of the Board of Directors, "Fahd bin Abdullah bin Saad Al-Farraj", said that the story of achievement in the first Saudi state has been monitored by many historians, but the milestones of achievement still carry with it many lessons and lessons that have not been explored. After, considering that the founding day is the day of our beginning and our launch to the world with a unique model of determination and determination to unite and build a strong and significant state among nations.
Al-Farraj said that that day symbolizes the heroism of the men of Saudi society and their rallying around the banner that they protected, raised, and defended dearly and preciously. We saw the launch of our glorious vision bearing the same story in all its details, so congratulations to us on the founding day and congratulations to us for our vision 2030 AD.
The Founders' sacrifices
For this part, a member of the Board of Directors, "Fahd bin Hadal Al-Mutairi", considered that the founding day is a day in which we restore the spirit of the founders and their dreams that were realized with their determination and determination, saying: We are on this occasion living in a new situation that comes as a continuation of the dreams and visions of the first, and that the Kingdom's vision 2030 is in Its essence and what it bears for this noble people is a story of persistence and determination that was inspired by the spirit of founding and the sacrifices of the founders, who dreamed of uniting the people on a common word and building a state on the foundations of originality and development.
The well-established roots
A member of the board of directors, Qusai bin Abdullah Al-Jishi, said that the founding day represents a lot to us as citizens, as it is a day of pride in the well-established roots of this blessed state, and that the position of the Custodian of the Two Holy Mosques, by declaring a day of celebration, highlighted the cultural and historical depth of the first Saudi state in which it became a city Diriyah is an economically, socially and intellectually attractive source, noting that the importance of this day lies in introducing current generations to the historical roots of their country, and the whole world will know the extent of the ancient Saudi state and its great civilization.
A civilized country
Member of the Board of Directors, Majid bin Ibrahim Al-Jumaih, said that in the Kingdom of Saudi Arabia, when we talk about the great achievements that are achieved daily, we are inspired by the love of knowledge and the passion for knowledge because we stand on the beginning of the story, how it arose, the great sacrifices that were included and the objective circumstances that established For this well-established entity, we find that agreement versus fragmentation, unity versus division, and modernization versus stagnation, are among the summary of the story that established this entity, and it was the feature raised by the founders of this entity in the first Saudi state, as Imam Muhammad bin Saud rose from those features to establish The state, it was a civilized value state in every sense of the word.
The day of the beginning and the renaissance
For his part, a member of the Board of Directors, “Mohammed bin Abdul Mohsen Al-Rashed”, pointed out the great value of the founding day in the hearts of all citizens, as it is the day of launch and renaissance, the day of insistence on achieving goals, pointing out that it is a day that aroused the nation’s will with the sacrifices and heroic deeds of the founders. And that when we chronicle and celebrate the first Saudi state, we are in addition to celebrating those who carried on their shoulders the unification of this nation, we also celebrate the values and principles that came from our true Islamic religion, which were present among the country’s leaders throughout history, and still exist until tomorrow, stressing that many of the Modern citizens reap what their fathers and grandfathers sowed, and they have to preserve it to pass it on to their children and grandchildren.
Active number in the area
Member of the Board of Directors, “Mohammed bin Ali Almajdouie,” said that when we stop at the “achievement” of the founding and celebrate it, we commend the decision of the Custodian of the Two Holy Mosques, when he stressed the importance of this anniversary and made it an occasion of the eternal national occasions, as it is an occasion worthy of perpetuity, narration, and history. It is an occasion that is not ordinary because it included the first beginnings that were difficult, succeeded by the achievement of unity and union, and the Kingdom turned on its impact an effective number in the region and the world at large, pointing out that the greatness of the achievement lies in the details of its occurrence and the contents of its sacrifices, and we cannot but emphasize on this day The greatness of those who sacrificed the most precious for the sake of establishing the Saudi state. Congratulations to our state and our rulers who spare no effort to raise the flag of the nation high among the nations.
An Eternal memory
For his part, a member of the board of directors, "Nasser bin Rashid Al Bajash Al-Hajri", stressed the need to celebrate this day, which was the starting point of the Saudi state to the world. To raise the banner of this country high among the nations, it is an immortal memory for us and for those who live on the soil of this country, stressing that the values of sacrifice and altruism that were established by the early ones were permissibility to overcome challenges, pointing to the vision, including its provisions and mechanisms that were inspired by the values and principles of the founders. A safe crossing to overcome challenges, it is a meticulously formulated strategy; It came with complete patterns and axes, took into account sustainability in all its aspects, and included the keys to the treatment of challenges, and although it is still in the process of implementation, its results in various sectors and the face of crises have become praised by the whole world.
An ancient past
For his part, a member of the Board of Directors, Nasser bin Abdulaziz Al-Ansari, expressed his gratitude and appreciation for all the steps and measures taken by the state, whether for the sake of rooting the nation’s rich history among current generations and before the whole world or for the continuity of work to achieve growth and development and preserve and build on achievements, saying: The founding day is an occasion on which we are proud of the emergence of this firm entity full of determination and determination. It is an occasion to celebrate the ancient past and work on the continuity of development and then further launch towards a broader horizon in the world of development.
The foundation step
A member of the Board of Directors, Nouf bint Abdulaziz Al-Turki, said, on the occasion of the founding day of the first Saudi state, that it is the memory of the first beginnings, as it was the first step or the historical beginning of the emergence and development of our country after it was named “The Kingdom of Saudi Arabia” by the late founder with permission. God, King Abdulaziz Al Saud, who followed the path of his ancestors, the founders of the first and second Saudi state, achieved this achievement. This prompts us to say with confidence that the founding step in the first Saudi state was the beginning of the achievements we are witnessing today at all levels. All our achievements started since that date. We may point out an important point, which is that the first Saudi state was based on justice and respect for the human being, so continuity and permanence came, stressing that the anniversary of the founding day represents the meaning of starting and participating in building the nation, and playing a duty role in achieving its growth and prosperity and its endeavors towards sustainable development, as it is a day we remember In it the sacrifices of heroes and the march of centuries of achievements.
Foundation stone
For her part, a member of the board of directors, "Agarid bint Ihsan Abdul-Jawad", saw that the founding day is the anniversary of laying the foundation stone for the foundations and pillars of the Kingdom of Saudi Arabia, as it is the day that represents the first nucleus of the establishment of the first Saudi state, which was established at the hands of Imam Muhammad bin Saud after efforts relentless efforts to make the region in the Arabian Peninsula live in prosperity and stability, security and stability, calling on all the people of the country to reflect on the details of the founding day of values, principles, visions and ideas that turned into reality embodied in a solid and effective entity among nations, pointing out that this great history was the starting point for a series Among the major achievements that the whole world draws from its experience, the stories of the union and the renaissance remained firmly rooted in our minds with pride, and the visions of development and reform we participate in ably, saying: It is necessary to re-read that day with all its details and developments, as it represents a fuel that drives the determination and determination to continue the march.
A history of glories and achievements
Finally, the Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, expressed his gratitude to the wise leadership, which wanted to commemorate the founding day and its keenness on its presence in the thought and memory of the nation in its present and future generations. That (the achievement of the foundation) was behind it men who believed in their religious and national values and assumed their historical responsibility, and success and success were - by the grace of God - so they established a set of values according to which we proceed and following their requirements.
Al-Wabel said that this date, dear to our hearts, is an impetus for all of us to continue the path of construction and growth, stressing that the founding day embodies the greatest meanings of patriotism, sacrifice, and redemption, meanings that we must inculcate in today’s generation so that they realize the sacrifices of our ancestors, and what they have made for this land. Congratulations to the Custodian of the Two Holy Mosques and His Highness the Crown Prince - may God preserve them - and to the loyal Saudi people, on the occasion of the founding day, which represents the day of pride and determination to reach goals despite challenges, praying to the Almighty to preserve the country and achieve more progress and development.
Bafaqih: The private sector is a strategic partner and we seek to transform the real estate stock into development opportunities
20/02/2022
During a meeting hosted by the Asharqia Chamber
Bafaqih: The private sector is a strategic partner and we seek to transform the real estate stock into development opportunities
His Excellency the Governor of the General Authority for State Real Estate, Ihsan bin Abbas Bafaqih, confirmed that the private sector is a strategic partner in achieving the goals of the Authority, pointing to the authority's keenness to use state real estate optimally and raise its productive and economic efficiency through several paths, including transferring the real estate stock to economic and development opportunities.
Bafaqih said that the authority plays two main roles, the regulatory role, and the executive role, as it defines and enforces an integrated and transparent regulatory framework for state real estate, optimizes the use of state real estate, and guides rental and expropriation expenses for government agencies with the application of energy efficiency standards, and the application of the minimum specifications and standards in real estate Governmental entities.
Bafaqih added that the authority has 5 strategic directions to achieve development and economic return from its work, which are: "Developing solutions for regulations, legislation and regulation of state real estate, using state property in the development, raising the level of efficiency of state real estate, re-provision, planning and use of state real estate, and financial solutions with an added value for the center state finances.
The Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, had noted during the meeting the rational government's interest in diversifying the national economy as one of the most important goals of the 2030 vision; Which represented a new starting point in developing the national economy and achieving its sustainability. So it proceeded to activate the roles of all sectors and bodies, including the state-owned real estate sector, by reformulating it and working to increase its contribution to raising the efficiency of government spending. An independent body with a legal personality, organizationally linked to the Council of Ministers, and it is witnessing a rapid progression towards its accession to the total national income streams; The transformation into a body gave it the full opportunity to develop its systems and means, just like the economies of developed countries.
Al-Raziza: A new stage in which the Saudi economy is heading to new horizons
16/02/2022
With the expiry of the corrective period of the commercial cover-up
Al-Raziza: A new stage in which the Saudi economy is heading to new horizons
The Chairman of the Asharqia Chamber Badr bin Suleiman Al-Raziza said that the expiry of the deadline for correcting the commercial cover-up on Wednesday, February 16, 2022, heralds the beginning of a new phase in which the markets are heading to the right path, during which many negative phenomena in the number of economic activities are eliminated, which has caused the emergence of cases of unfair competition and other phenomena created by commercial cover-up.
He urged Al-Raziza to seize the opportunities created by the deadline and called on those wishing to enter the commercial activity to take advantage of the new conditions and abide by all the standards, rules, regulations, and legislation of the markets, stressing that the anti-cover-up system, which was approved by the state under the guidance of the Custodian of the Two Holy Mosques and his trusted Crown Prince, had an impact. A significant positive in providing integrated treatment for the phenomenon most harmful to the national economy, and contributed to drying up its sources, by addressing the preceding stages and toughening the penalties for perpetrators by seizure and confiscation of funds through the use of modern technologies.
The Chairman of the Asharqia Chamber praised the efforts made by the Ministry of Commerce through the anti-cover-up program over the past period, to confront this phenomenon by striving to educate citizens about its economic, security, and social damages to the country, as well as their approach to the views of business owners, their requirements and needs to translate them into decisions and procedures on the reality.
Al-Raziza pointed out that the Asharqia Chamber played a tangible role in participating in the state’s efforts to eradicate the phenomenon of commercial cover-up, by establishing a committee to combat cover-up, which had the membership of a group of senior businessmen in the region, and also opened an office in its headquarters to receive requests to correct the status of violators of the anti-cover-up system. In the region throughout correction, and held many events and programs to keep pace with the efforts of the state to eliminate cover-up.
Al-Raziza as Chairman of the Board of Directors of Asharqia Chamber and Al-Buali and Al-Ammar as Vice-Chairs
02/02/2022
In the first meeting of the nineteenth session in the Asharqia Chamber
Al-Raziza as Chairman of the Board of Directors of Asharqia Chamber and Al-Buali and Al-Ammar as Vice-Chairs
The first meeting of the Board of Directors of the Asharqia Chamber for the nineteenth session - which was held on Wednesday, February 2, 2022 AD at the Chamber's headquarters - resulted in the election of Badr bin Suleiman Al-Raziza as Chairman, and Hamad bin Muhammad Al-Buali as First Vice-President and Hamad bin Muhammad Al-Ammar Al-Khalidi as Second Vice-President.
After the meeting, Al-Raziza said that he and the new board of directors are determined to complete the process of participation in sustainable economic development in the region, and that the Asharqia Chamber will continue its reign as a role model in sponsoring the business sector and providing pioneering, distinguished and innovative services that meet the aspirations of businessmen and women in the eastern region, which in turn achieves participation Extensive business sector in the structure of the national economy.
Al-Raziza pointed out that the Chamber is continuing to support the aspirations and objectives of the Kingdom’s Vision 2030 and to support and develop the economic and development work of the business sector and to serve as a platform to enhance communication opportunities at home and abroad, contribute to providing an economic environment stimulating for business, and enable economic establishments of all kinds in the various governorates of the region, pointing out that Asharqia Chamber, since its inception for more than seventy years, has been taking tangible steps to support the growth opportunities of the national economy in accordance with a vision and strategic axes based on leadership and excellence in caring for the interests of the business sector, affirming its commitment and the new board of directors to work on the Chamber’s continued progress and excellence at all levels, and to work with its members Executive Director to complete the career of the former in the service of the national economy, and achieve the aspirations of the participants, men and businesswomen.
Al-Raziza stressed that the new board of directors bears several aspirations and goals towards enabling the concepts of cooperation and partnership to have a strategic impact on the economic decision and to enhance competitive work in the business environment in the eastern region and to continue to explore the economic and societal status of the region, as well as continuing to develop means of institutional excellence, whether for the chamber or the business sector in the region.
A specialized workshop that monitors the role of the Product Safety Program in supporting small and medium enterprises and increasing exports
20/01/2022
Organized by the Asharqia Chamber
A specialized workshop that monitors the role of the Product Safety Program in supporting small and medium enterprises and increasing exports
Asharqia Chamber organized on Wednesday, January 19, 2022, a workshop on “The Role of the Product Safety Program in Supporting Small and Medium Enterprises and Increasing Exports,” with the participation of specialists from the “Saudi Standards” who reviewed the methodology of the Saudi Product Safety Program.
In the beginning, Fayez Abdullah Al-Harbi explained the role of the authority and its various services, initiatives, and continuous contributions to raising the level of quality of life-based on the Kingdom's 2030 vision.
Al-Harbi also reviewed the important role of the authority in supporting small and medium enterprises, as the authority established a specialized department to support small and medium enterprises, and he spoke about the King Abdulaziz Award for Institutional Excellence, which stimulates the public and private sectors, enterprises, and institutions to compete positively in the service of the public interest and enhances the level of quality. He touched on the most prominent achievements of the authority and won many awards of excellence at the local and Arab levels in the areas of job engagement and employee satisfaction rate, as well as the application of Verify, which won the award for the best innovative project that uses smart technologies to serve energy efficiency.
He also spoke about the importance of standard specifications that go through stages of study by experts through specialized technical teams before being submitted and approved.
He also touched on many of the services provided by the authority through the Center for Technical Consultation and the Granting of Certificates, the launch of the National Program for Quality Ambassadors, and its efforts to issue a quality standard for the beneficiary service centers (Hayyak), which had a positive impact in raising the level of services provided by the beneficiaries service centers. As well as the Saudi Professional Program, which targets fresh graduates.
He also touched on energy efficiency cards that aim to rationalize the consumption of electrical products, as well as water conservation cards and fuel economy consumption cards for vehicles as well as tires.
Regarding the Saudi Product Safety Program, Abdul Mohsen bin Hamad Al-Sultan said that the product safety program stems from the vision of the authority, which seeks to be a globally trusted entity that enables quality of life and the competitiveness of the national economy, and is distinguished in developing specifications, conformity, metrology and enhancing product safety in the Kingdom.
The Sultan explained that the program is concerned with developing and approving technical regulations for goods and products, issuing regulations for conformity assessment procedures, following the standard specifications approved by the authority, and ensuring their implementation.
On the issues of control and its obligation, the Sultan indicated that the control includes mandatory quality activities to control the safety of products before and after manufacturing or import, which ensures fair trade and consumer protection, pointing out that the control system in the Kingdom is shared by several government agencies such as the Ministry of Commerce, the Customs Authority and other bodies related.
Regarding the Saber program, Al-Sultan said that it is one of the tools of the Saudi Product Safety Program, which aims to automate the processes of tracking products and technical processes so that the importer and local producer can register certificates of conformity and issue certificates of conformity with the consignment electronically, and aims to raise the level of safe products, shorten the time and speed up procedures.
Asharqia Chamber Employment Center supports the private sector with more than 1,600 qualified national cadres
18/01/2022
Asharqia Chamber Employment Center supports the private sector with more than 1,600 qualified national cadres
Asharqia Chamber, represented by the Chamber’s Employment Center, achieved during the past year 2021 several achievements in terms of supporting Emiratisation in the private sector, by playing the role of mediator between job seekers and institutions looking for qualified national competencies.
In this regard, according to the report issued by the Center for the period (from 01/October/2021AD until 31/December/2021), the Center, through the employment website or job interviews, contributed to the recruitment of 1630 male and female job seekers.
The center, through its website and employment meetings during the mentioned period, witnessed the registration of 10,707 male and female work students from various disciplines and levels, while the number of establishments that benefited from the center's services during the mentioned period amounted to (51 facilities), as the center provided all the required information about Job seekers through employment meetings held in the chamber or through direct interaction with the center’s website and then communicate with job seekers according to specialization.
In this regard, 625 various jobs were offered during the same period (of which 80 jobs were offered from two job meetings organized by the Center during the mentioned period).
It is noteworthy that the Asharqia Chamber Employment Center was established in 2006 as a specialized center that provides professional employment services, and meets the needs of the business sector of qualified national competencies of both sexes, using the best and latest advanced technologies in this field and according to the highest levels and professional standards. The center specializes in employing qualified national cadres from Holders of pre-secondary certificate degrees: (diploma, bachelor's, master's, doctorate) in all engineering, administrative and technical disciplines that are compatible with the requirements and needs of the business sector.
The center provides many services, in addition to the employment service through (e-recruitment, job interviews, and the annual job fair), including (consulting services) for institutions, and (vocational guidance) for job seekers.
Al-Khalidi inaugurates the Asharqia Chamber Center for Arbitration
06/01/2022
Al-Khalidi inaugurates the Asharqia Chamber Center for Arbitration
The Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi inaugurated Thursday, January 6, 2022, the Asharqia Chamber Arbitration Center in the presence of the Chairman of the Permanent Committee of the Saudi Arbitration Centers Abdullah bin Abdulaziz Al-Falaj, the Chairman of the National Committee for Lawyers in Al-Sharqiya Khalid bin Abdullatif Al-Saleh and the Secretary-General of the Chamber Abdul Rahman bin Abdullah Al-Wabel.
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi said: The Chamber’s endeavor to establish an arbitration center comes within its mission to support and develop the economic and development work of the business sector and within the framework of its comprehensive strategy to provide integrated services to the business community in the field of dispute resolution and settlement, and it is the culmination of the Chamber’s efforts in the field of arbitration since the launch of arbitration in the Kingdom, noting that the center will work to create the appropriate atmosphere for institutional arbitration in the eastern region by providing an attractive justice platform characterized by the speed in the completion and settlement of disputes.
Al-Khalidi stressed that the center was established to be the first choice for companies and institutions based in the eastern region, and a group of experienced and competent people in the fields of arbitration, conciliation, and dispute resolution will be based on it. And that it will work to spread the culture of arbitration and conciliation among the business community through seminars. It also provides several advisory services related to how to write arbitration and conciliation agreements or provide support services to select the best elements to carry out the task of arbitration and conciliation and publish research and studies in Publications of the Chamber on topics related to arbitration and conciliation.
The Prince of the Eastern Province inaugurates the Asharqia Chamber Tower
03/01/2022
In the presence of His Highness Deputy The Prince of Eastern Province and Minister of Commerce
Opening a business incubator to support entrepreneurs in the region
The Prince of the Eastern Province inaugurates the Asharqia Chamber Tower
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, on Sunday, January 2, 2022, inaugurated the Asharqia Chamber tower in a ceremony organized by the Chamber under the patronage of His Highness and in the presence of His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, Deputy Governor of the Eastern Province and His Excellency the Minister of Commerce Dr. Majid bin Abdullah Al Qasabi And a remarkable presence of the business sector in the eastern region.
His Highness inaugurated, during his visit to the tower, the incubator of the Asharqia Chamber of Entrepreneurship, which aims to support and guide male and female entrepreneurs. It also adopts projects and creative ideas and works on implementing programs that educate, educate and assist them to enable them to reach success and achieve creativity in their emerging projects.
His Highness praised the pioneering role played by the Asharqia Chamber and its support for the economy through programs and initiatives of tangible impact. His Highness also praised the inauguration of a business incubator the Chamber Tower, stressing that supporting small projects and empowering entrepreneurs contributes to economic development and upgrading projects that will positively reflect on the national economy and provide promising opportunities for the country's young men and women.
During the inauguration of the incubator, His Highness sponsored the signing of two cooperation agreements between the Asharqia Chamber and the General Authority for Small and Medium Enterprises and the Aramco Entrepreneurship Center (Wa’ed), in the presence of the Governor of the General Authority for Enterprises, Engineer Saleh bin Ibrahim Al-Rasheed, and the Managing Director of “Wa’ed” Eng. Fahd Al-Eidi and Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi.
His Highness also inaugurated, in an official ceremony, the Asharqia Chamber tower, in the presence of the most prominent leaders of the business sector. During the ceremony, a ceremony was held to sign an agreement for the management and operation of the Chamber tower with Rikaz Real Estate Company.
In his speech during the ceremony, His Excellency the Minister of Commerce said that the Asharqia Chamber is a model contributing to the service of the national economy, and the Asharqia Chamber Tower project translates the aspirations of the people of the region and their constructive ideas to keep pace with the development of our dear country in the light of Vision 2030, looking forward to the contribution of this project with the Entrepreneurship Incubator and the branch The Saudi Business Center aims to achieve the Chamber's goals and aspirations for financial sustainability and service excellence.
He said that developing the chambers of commerce system is a joint responsibility, and the new chambers of commerce system and its executive regulations were recently issued as a road map to improve their services and raise their efficiency following the best international practices, due to the regulatory controls, standards of governance and indicators that help in evaluating and measuring performance to maximize their roles in the national economy.
His Excellency expressed his appreciation for the march of giving and excellence for the Asharqia Chamber over the past 70 years, extending his thanks to the generation of loyal pioneers for their role in the development and construction process.
For his part, Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi said that the wise leadership is pursuing a vision aimed at diversifying the sources of the national economy in a way that guarantees - God Almighty - long-term financial sustainability, which prompted the continuation of efforts towards developing the structures of the national economy, including the sectors it contains. Development projects, on top of them, as a basic pillar in sustainable growth.
Al-Khalidi indicated during the ceremony that the Asharqia Chamber followed the same approach and vision and saw that its continuity in giving and its leadership in excellence depended on diversifying its sources of income, so it endeavored to find new channels to invest its monetary assets and support its financial solvency to ensure its continuity in giving and developing its services to its subscribers, and from here began its journey in The construction of this "tower", which we signed a construction contract on Wednesday, July 3, 2019, with the "Al-Bawani Company", and we took care that its design should keep pace with international standards and specifications used in such vital and huge projects, to be a "landmark" that constitutes a prominent sign in the map of the eastern region.
Al-Khalidi explained that the Chamber believes in the importance of providing an integrated and enabling investment environment for the business sector. First, we were keen: that the “Burj” include the Saudi Business Center, so that the clients of the “Burj” could complete all their procedures for conducting their business easily, and that it included, secondly: The Entrepreneurship Incubator To stand next to Saudi entrepreneurs who are in the process of establishing their start-ups or who are facing challenges in their sustainability or growth.
Al-Khalidi indicated that the Chamber has provided and continues to provide for the sake of the national economy and the business sector of the people of the Eastern Province, and strives to keep pace with the best sustainability practices locally and regionally, and tries to benefit from global experiences at all levels until development is continuous and present and an original principle that governs its aspirations for the future.
During the ceremony, government and private entities were honored, namely: the Eastern Province Municipality, the Governor of the General Authority for Small and Medium Enterprises "Monsha'at", Saudi Aramco, Civil Defense in the Eastern Province, Sadara Company, SATORP Company, SABIC and the Saudi Electricity Company - Sector Al Sharqi, the National Water Company in the Eastern Province, and Today's Media House.
The sponsors of the Asharqia Chamber of Entrepreneurship incubator were also honored, namely: Mohammed Al-Saad Al-Moajil Group for Commercial and Industrial Investment and Real Estate Development, Al-Mowasat Company for Medical Services, and Riyad Bank.
His Highness honored the companies implementing the tower project, namely: Al-Bawani Company (the project contractor), one of the largest general contracting companies in the Kingdom, Projects International (the project consultant), and Arabtec Jardaneh (the project designer).
The members of the Chamber's Board of Directors for the seventeenth session and the work team for the Asharqia Chamber Tower project were also honored.
After the ceremony, the Chamber presented a souvenir on this occasion to the sponsor of the ceremony, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Region. A souvenir was presented to His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al Qasabi.
It is noteworthy that the project design takes into account the various needs that are commensurate with the aspirations of the business sector and works to facilitate their work, improve the level of performance, in addition to facilitating communication with the internal capabilities and the external environment, in line with international standards and international specifications used in such vital and huge projects. The unique design of the tower offers an innovative environment that suits the modern style of the business community and its services, and it goes in parallel with the development and renewed ambitions of the business environment in the eastern region, which is characterized by privacy and attractiveness.
The tower construction program was characterized by vitality, speed, and accuracy in implementation and a high-quality level in construction, finishing, and specifications works.
The Eastern Chamber tower is 135 meters high and includes 32 floors, including basement floors and parking lots that can accommodate about 600 cars, with a total rental area of 39,000 square meters.
To provide the best services to the tenants, the eighth floor has been allocated as a headquarters for 7 meeting rooms and a multi-use hall serviced by 8 passenger elevators and a service elevator
The tower also includes rental spaces designated for specialized restaurants and cafes, a health club, a nursery, a prayer room, and public services for men and women.
Asharqia Chamber offers a marketing consultancy program for entrepreneurs
02/01/2022
Asharqia Chamber offers a marketing consultancy program for entrepreneurs
Asharqia Chamber, represented by the Small and Medium Enterprises Center, has implemented a specialized consultancy program, which is dedicated to e-marketing for small and medium enterprises.
The program, which was held via video conference recently, with the participation of the consultant specializing in branding and marketing, Ali Al-Jamai, witnessed a remarkable interaction by the pioneers who communicated with the presenter of the program, who presented a set of suggestions, tips, and instructions for all callers, regarding many topics, challenges, ways of development, and more.
It is noteworthy that the program targets all those wishing to start their projects and owners of small and medium enterprises in particular.
This program is part of several activities and efforts implemented by the Chamber to sponsor, support, and develop small and medium enterprises, including seminars, lectures, and training courses, as well as free specialized advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of young businesspeople.
A specialist confirms the growing phenomenon of money laundering at the global level
28/12/2021
In an awareness lecture in the Asharqia Chamber
A specialist confirms the growing phenomenon of money laundering at the global level
Hadi bin Abdul-Wahed Al-Saif, a specialist in financial compliance in the insurance sector, warned of the danger of the phenomenon of money laundering, which is witnessing a growing and complexity in the world, with amounts ranging from 715 billion dollars to 1.87 trillion dollars are laundered annually. This results in several economic, social, and political risks. Stressing the difficulty of detecting it, as it takes place in different locations, and takes hidden and unimaginable means.
This came during a lecture organized remotely by the Asharqia Chamber represented by the Finance Committee on Monday 28/December/2021, and its discussions were moderated by the Chairman of the Committee, Zaid bin Abdullah Al-Yaish, as Al-Saif listed several definitions of this global crime, including what was stated in the first article of the money laundering system issued by the Central Bank The Saudi, who defined the process as "committing or initiating any act to conceal or disguise the true origin of funds acquired contrary to Sharia or law and making them appear as if they were from a legitimate source."
During the lecture, Al-Saif pointed out that money laundering has many negative effects on the economies of countries, and according to the United Nations Office on Drugs and Crime, amounts ranging from 715 billion dollars to 1.87 trillion dollars are laundered annually. Money laundering operations result in several negative repercussions that affect society and the economy and result in several economic, social, and political risks.
As for "economic risks," he mentioned economic distortion and instability, high inflation, low national income, distortion of the image of financial markets (price fluctuations), weakening financial institutions, which meet with several "social risks" resulting from the increase in crime and corruption rates. Unemployment rates, low standard of living, the emergence of gangs and organized crime specialized in money laundering crimes, as well as the “political risks” represented in penetrating and corrupting the structures of some governments and affecting their reputation.
Al-Saif identifies the stages of the laundering process, as the first stage is a deposit (substitution), in which the actual disposal of banknotes or other assets acquired from criminal activity, where illegal funds are employed in the financial system and other local or international business in a way that is not Attention is drawn to the second stage, which is coverage (camouflage), in which the illegal proceeds are separated from their source by layers of financial transactions to conceal the origin of the proceeds. The funds that were entered into the financial institutions are covered (disguised) to break the attempt to track those funds by doing complex transactions to hide.
The third stage (merger), which is the last stage, which aims to legitimize the apparent legitimacy of illegal funds by reinjecting funds into the local or international economic cycle in what appears to be normal business or personal transactions, so that it is difficult to distinguish between them and funds of legitimate source, and here The difficulty of the merger is to detect illegal funds. Because there are great discrepancies between the business or investment of a company or a person and the wealth and income of the person or company or its assets, during this stage luxury assets such as yachts, villas, high-end cars and jewelry, investments in financial assets, and entering into financial arrangements or projects can be invested in. business establishments, and placing real estate purchased with illegal funds as collateral for loans.
Asharqia Chamber organizes a lecture entitled (customer loyalty programs and their importance for projects)
28/12/2021
Asharqia Chamber organizes a lecture entitled (customer loyalty programs and their importance for projects)
Asharqia Chamber, represented by the Women Empowerment Center, organized a lecture entitled (customer loyalty programs and their importance to projects), in which the consultant and trainer for small and medium enterprises, Wissam bint Muhammad Al-Bassam, spoke about loyalty programs, their types, effectiveness, and the expected goals.
Al-Bassam said during the lecture held on the evening of Monday, December 27, 2021, that loyalty programs are one of the marketing activities that motivate customers to repeat the experience of buying products or subscribing to services to ensure the consolidation of a relationship between customers and the brand, thus ensuring the achievement of continuous profit for the project and gaining permanent customers.
Al-Bassam pointed out that loyalty programs aim to maintain repeat purchases by customers, thus continuity and increase sales, and improve the customer experience at a low cost by collecting and analyzing customer data and studying their interests and needs to continue providing and developing them.
Al-Bassam reviewed some loyalty programs, including a program linked to increasing spending to increase rewards, which is the easiest and clearest loyalty strategy. In this program, the customer gets a certain number of points whenever he buys from the brand. These points are later exchanged for rewards or discounts for the customer, which can be used in an electronic way, such as the adoption of specific programs or in a traditional way.
Including, but not limited to, the gamification program, which is based on the idea of entertaining customers by allowing them to play in an easy and fun way in way to link the brand with the fun atmosphere and strengthen their loyalty to your brand by rewarding them with gifts or discounts when trying to play, and this program has proven its success in several companies Many of them have started to adopt it now, especially in applications that require waiting for the time of the request to arrive, for example.
She referred to the alliance program and in this program, there is a cooperation between more than one company and a brand, as this program is considered successful in maintaining returning customers and gaining their trust by offering reward opportunities that can be obtained after purchases from any of the cooperating companies, and this program helps the brand to activate Sales, expanding the class of customers and creating opportunities for cooperation between brands.
"Step by step" brochure about the Asharqia Chamber presents a roadmap for starting a small project
27/12/2021
"Step by step" brochure about the Asharqia Chamber presents a roadmap for starting a small project
A comprehensive and integrated picture of small projects, their importance and development mechanisms, presented by the Asharqia Chamber, represented by the Women Empowerment Center, in a brochure entitled (Step by Step to Start Your Small Business), as well as many tips and instructions for those who want to start setting up their small projects or for owners of already existing projects and striving for growth and expand their small businesses.
The booklet, through its three sections, focuses on three main themes; The first axis focuses on defining the term project and the differences with other relevant terms and the multiple and varied classifications contained in that term. The second axis shows the mechanisms and sound foundations in choosing the appropriate project.This is according to several factors, foremost of which is the needs of the surrounding geographical environment, while the third axis focuses, through explanations supported by various models, on how to prepare a feasibility study for small projects.
The brochure is based in general on the importance of small and medium enterprises in the national economy, on the grounds that these enterprises constitute one of the most important bases of the national economy in the Kingdom, which helps them to be competitive with the major industrial countries, as the development of small and medium enterprises helps in encouraging To raise economic growth rates and enhance the national performance of the Kingdom’s economy, and to achieve the Kingdom’s Vision 2030.
It should be noted that the Women's Empowerment Center in Asharqia Chamber provides a qualitative addition in caring for the interests of businesswomen in the region, through distinguished performance and various services, and it is constantly working on developing subscriber services and finding ways to improve the level of these services and is active in organizing many events Related to women with economic dimensions, it receives businesswomen delegations and student delegations, participates in local and foreign exhibitions, and establishes and updates databases and information for businesswomen in the Eastern Province on an ongoing basis.
Asharqia Chamber organizes a meeting of pioneers of eastern entitled (How to achieve the competitive advantage of the project)
27/12/2021
Asharqia Chamber organizes a meeting of pioneers of eastern entitled (How to achieve the competitive advantage of the project)
Asharqia Chamber, represented by the Women Empowerment Center, organized a meeting with the leaders of Eastern entitled (How to achieve the competitive advantage of the project), in which the specialist in advertising and marketing communication, Manal Al-Osaimi, spoke about Porter's strategies to help determine the competitive advantage and how to create the advantage for the brand.
Al-Osaimi explained that the competitive advantage is not limited to being material or immaterial, and it may stem from the user experience of any product, whether in terms of price, efficiency, or quality, and appear tangibly, such as intellectual property or customer service team, and competitive advantage may mean the ability of the facility to attract customers and build a position, Therefore, the competitive advantage does not focus on increasing and decreasing prices only.
Al-Osaimi said during the meeting, which was held on Sunday evening, December 26, 2021, that the competitive advantage refers when talking about business to the factors or features that allow a company to produce services or products of higher quality or at more suitable prices than its competitors.
Also talked about the possibility of Porter's strategies to determine the competitive advantage of your business, which depends on the lowest price, the difference in providing services and customization by choosing a market not served by large companies, focusing on excellence, and about the obstacles to competitive advantage, Al-Osaimi said that the brand's acquisition of competitive advantage is not easy, despite the importance of its existence, but there are several obstacles that may face the brand and limit its ability to gain a competitive position in the market, and these obstacles are internal and face the organization in its environment, such as: the absence of transparency with individuals within the organization, the absence of oversight within the organization, the weakness of the organizational structure, the absence of successful management and the inability to the institution is to provide information that helps in making decisions and not to keep pace with the latest developments in the field.
The Prince of Eastern Province honors the "Patients Friends Committee", which won the first place award in the "Human First" competition.
21/12/2021
The culmination of its achievements over forty years
The Prince of Eastern Province honors the "Patients Friends Committee", which won the first place award in the "Human First" competition.
The Patients Friends Committee in the Eastern Province won first place in the "Human First" award for the non-profit sector, which was launched by the branch of the Ministry of Human Resources and Social Development in the Eastern Province, coinciding with the International Day of Volunteer Work.
The committee’s "culmination" of this award came in a celebration witnessed by the Emirate of the Eastern Province, Tuesday, December 21, 2021, under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the region, who handed out the prizes to the winners, in support of volunteer work, and praise And in appreciation of the efforts of the Ministry of Human Resources and Social Development in this regard.
Commenting on this, the Chairman of the Committee (Director General of Health Affairs in the Eastern Region), Dr. Ibrahim bin Abdul Karim Al-Arifi, said that granting this award to the Patients Friends Committee is a culmination of the voluntary charitable humanitarian work implemented by the Committee throughout its history, as it carried the banner of planting a smile on the lips of patients, and providing Everything that would end their suffering and return them to normal life to play their role in public life, whether with financial or in-kind support or annual visits, to seek reward and reward from God in the hereafter and to contribute to the development of large and enormous health services provided by public facilities and centers to citizens and residents, embodying what The rational government's provision of health care has become an example of excellence and creativity.
He stated that obtaining this award from the Ministry of Human Resources and Social Development is in itself support and motivation for all committees, associations,, and charitable institutions to provide more services, and to search for the best ways for all our facilities - especially health ones - to have a high level of excellence and quality, which is our religion. In this generous country.
Al-Arefi expressed his sincere thanks to His Highness, the Governor of the Eastern Province and His Highness, his deputy, for their sponsorship of the activities of the Committee, follow-up of its activities,, and participation in some of them, and thanks are extended to the Ministry of Human Resources and Social Development for the "Human First" initiative, which embodies the reality of the general trend in our country, which supports the centrality of the humanitarian aspect in the development process, which is Human in the goal and the means, for the human being is the “means of development, and it is its end.”
For his part, the Vice Chairman of the Committee (chairman of the Asharqia Chamber) Abdul Hakim bin Hamad Al-Ammar Al-Khalidi said that this award was presented by the Ministry of Human Resources and Social Development under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province (Honorary Chairman of the Committee). It is an appreciation for humanitarian work first in general and for the activities of the Friends of Patients Committee in the Eastern Province, which is the first committee in the Kingdom, which has contributed and made great achievements in the way of serving patients who are part of the social fabric in this generous country. Indeed, health services are among the most prominent pride of our country. And our honorable leadership in its relationship with its citizens and residents.
Al-Khalidi described this award from the Ministry of Human Resources and Social Development as support for voluntary, charitable, and humanitarian work. In preparation for their recovery, God willing, and to contribute to the provision of some devices and equipment that some centers urgently aspire to, and even exceeded that, as some members of the committee - and from the corridors of the committee - adopted large projects that provide free health services to citizens, under the management and supervision of the institutions of the Ministry of Health, and there is no doubt Such services are no less important and distinct than the role of the private sector in economic affairs, on which the Kingdom’s Vision 2030 relies in achieving all its great goals of diversifying sources of income, enhancing the added value of facilities, providing goods and merchandise, and opening up work and investment horizons for Saudi youth.
Al-Khalidi extended his sincere thanks to all members of the Friends of Patients Committee from individuals and institutions, and to all workers and coordinators of its activities, whether from the General Directorate of Health in the Eastern Province or from the Asharqia Chamber, praising the efforts made by the founders’ generation who are credited with launching the committee’s project more than 40 years ago, which witnessed Consecutive developments, and the future will be better.
The Director General of Dammam Port reveals a new route for exported goods and a direct shipping line with China
20/12/2021
During his meeting with several investors in the logistics sector
The Director-General of Dammam Port reveals a new route for exported goods and a direct shipping line with China
The Director-General of King Abdulaziz Port in Dammam, Fahd bin Ahmed Al-Amer, confirmed that the port is witnessing many developments at various levels, including the expansion of the container terminal and the support area, as well as the opening of a new route to receive the exported products, and its celebration of a direct shipping line coming from China.
This came during a meeting held by the Asharqia Chamber represented by the Logistics Committee on Monday, December 20, 2021, attended by the Chamber’s Vice President Badr bin Suleiman Al-Raziza and moderated by the Chairman of the Logistics Committee Rakan bin Abdulrahman Al-Otaishan. Within the limits of 225 square meters, as it will become an area of 2.5 square kilometers in preparation for it to accommodate 3 million containers by the year 2030, and this is not excluded, as we currently receive 1.8 million containers per year, and we can increase that with other equipment and other measures. Stressing that The port administration is open to all local and foreign experiences in the areas of development and expansion, especially in marine equipment contracts.
He pointed out that the port, through the declaration platform, has developed an alternative plan aimed at business continuity, as there are numbers to contact in the event of any malfunction, and we have a staff that receives calls around the clock, and we also have a special service for large companies where a control room has been allocated to them, given the amount of work directed to it.
He stressed that the development in the port continues, and if we compare the work to the past, we will find that the container procedures are completed within an hour or less if its papers are complete, and we believe that with the cooperation of everyone we will reach a better reality and other distinguished results.
He praised the developments in all Saudi ports, including Ras Al-Khair Port and Jeddah Islamic Port, noting that the developments in both ports had no impact on the movement in King Abdulaziz Port, which recently celebrated the launch of a shipping line from China that connects directly to Jebel Ali Port in the State Sister Emirates, and King Abdulaziz Port, and if some countries prefer to deal with a specific port in the Kingdom, it is only for the volume of their trade and interests, and there is no problem in another port.
He concluded by saying that the port and its employees are fully prepared to address any issue, problem, or proposal from the private sector at any time.
Al-Khorayef: We welcome the partnership with the private sector, and cooperation with the Asharqia Chamber to serve economic development
16/12/2021
During his meeting with the Asharqia Chamber Business Council in Qatif
Al-Khorayef: We welcome the partnership with the private sector, and cooperation with the Asharqia Chamber to serve economic development
His Excellency the Governor of Qatif Ibrahim bin Muhammad Al-Khorayef affirmed the keenness to partner with the private sector to advance the governorate at all levels, especially the economic and developmental aspect, noting the relative advantages that characterize the governorate, which calls for more focus in preparation for launch, including human capabilities and its distinguished geographical location.
Al-Khorayef expressed the governorate’s keenness to develop solutions for the advancement of the governorate and to invest the comparative advantages of Qatif to be an essential element in the process of advancement, stressing during his meeting with the Business Council of the Asharqia Chamber branch in Qatif, which was held on Wednesday 15/December/2021, the importance of facilitating procedures to attract investments in the province, and create the environment He welcomed the increase in the level of cooperation between the concerned government agencies and the Asharqia Chamber because of its impact on the public interest.
For his part, Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi said that the Chamber paid great attention to its branches in each of the governorates (Qatif, Jubail, and Al-Khafji), to be present and in constant contact with its subscribers to discuss their issues and needs, and this comes, in its belief in the importance of communication and interaction with The branches on the one hand, and the importance of these governorates due to their economic resources and important strategic locations on the other hand.
Al-Khalidi stated that the diversity and readiness of its sectors in Qatif Governorate, as well as its human competencies in various fields, make it a promising economic zone in the national economy. stressing that the Asharqia Chamber is fully prepared to adopt proposals and initiatives that will achieve the aspirations of the private sector and its contributions to economic life, leading to a better economic situation and a stimulating economic environment that meets our future hopes.
For his part, Chairman of the Asharqia Chamber Business Council in Qatif Abdul-Mohsen bin Abdul-Majeed Al-Faraj said that the Qatif Governorate, with its natural resources, the various investment projects it witnesses, and its human forces and competencies in various fields, can make a qualitative leap in the economic movement in the region. Hopes are placed on such meetings in strengthening the economic movement, deepening participation and achieving positive interaction to discuss and read needs, and then reformulate our steps towards the future in the service of our dear country.
He pointed out that the Chamber's branch in Qatif, since its inauguration, has been keen to diversify its activities in line with national options. It has completed hundreds of meetings, launched several induction programs on various economic fields, and held workshops and awareness lectures that dealt with all aspects of economic work, which supported government efforts to uncover as Qatif enjoys various economic components, and our branch in Qatif has become an example of constructive interaction with the main center, which calls us all to look forward to more communication and interaction, to achieve a leap in performance with all our elements, effort, and sincerity, moving us through one rule in line with With the vision of 2030.
As part of the meeting, a visual presentation was presented about the council’s achievements during the past period, most notably presenting a model building for the Eastern Chamber of the governorate, and containing several programs and events, intensifying work with the Social Development Bank, and working on marketing the governorate to investors inside and outside the governorate. And communication with the concerned authorities in the Ministries of Human Resources and Social Development and the Ministry of Commerce in the governorate, to open branches in the governorate, as well as holding the Investment Opportunities Forum every two years, which created real opportunities, such as the first hotel in the governorate.
The meeting witnessed an open dialogue on the issues raised, which concern the reality and future of investment in the province.
Asharqia Chamber issues a guide that includes government regulations supporting women's work in the Kingdom
16/12/2021
Asharqia Chamber issues a guide that includes government regulations supporting women's work in the Kingdom
Asharqia Chamber issued an introductory guide that includes all the new supportive government regulations and procedures that concern the work of women in the Kingdom and work to enable them to exercise their roles in serving the national economy, emphasizing the importance of the role of Saudi women in achieving the goals and aspirations of Vision 2030.
The guide aims to acquaint Saudi women with all the legislations, which singled out them, address their status, and addressed their specificity so that they can progress in achieving national gains in the economic and social sectors and all other sectors, in line with the great transformations the national economic environment is witnessing towards diversifying the economic base, where the Kingdom has witnessed many developments. The amendments and procedures to raise the level of national performance in the labor market and the development of human resources, especially those targeting women, and the importance of their participation in public life.
Asharqia Chamber, represented by the Center for Women Empowerment, which represents a set of basic values that the Chamber is working to strengthen and consolidate, has directed plans and put forward more initiatives, programs, and workshops aimed at empowering women at all economic and social levels, based on the attention given by the Kingdom’s Vision 2030 Multiply by supporting women, building their capacities, and facilitating their economic and social launch opportunities, based on what they possess of qualifications, competencies and personal characteristics that qualify them to perform many roles and tasks.
In an analytical study for the Asharqia Chamber: The new budget supports economic recovery and financial sustainability
14/12/2021
In an analytical study for the Asharqia Chamber: The new budget supports economic recovery and financial sustainability
Asharqia Chamber confirmed, through the analytical study it issued on Monday, December 13, 2021 AD, entitled (Analysis of the overall performance of the Kingdom’s budget indicators for the fiscal year 2022 AD.. Initiatives, stimulus packages, economic recovery, and financial sustainability), that economic performance and growth in most economic activities constitute an important element in achieving targets. The financial and economic year 2022 AD, and that the expected budget shows, with its indicators of continuous recovery in some activities, at faster rates that may exceed pre-pandemic levels, due to the government efforts that contributed to dealing with the pandemic by limiting its effects and significantly receding, despite global challenges in the evolution of the virus. And it's continued spread in many countries, noting that the fiscal policy has strengthened the government’s reserves at the Central Bank, which are estimated to reach rates higher than estimated in 2022 and will continue to increase in the medium term through budget surpluses expected to be achieved in 2023-2024.
The study, which came in four main axes, noted the government's continuous efforts to stimulate the economy and support the private sector, such as those provided by the Saudi Central Bank, from the rapid response of the economy, in the first half of 2021 AD, the non-oil GDP recorded a growth of 5.4% Supported by the growth of the real GDP of the private sector, which recorded a growth of 7.5%, and it is expected that the real GDP will grow by 2.6% in 2021, driven by the growth of non-oil GDP by 4.2%, accompanied by continuous progress in the implementation of programs and projects to achieve the vision and develop promising sectors of the national economy.
The study went on to confirm that the remarkable and expected recovery in the Kingdom’s economy will lead to positive developments on the revenue side in the medium term, as the total revenues for 2021 are expected to reach about 930 billion riyals, an increase of 19% compared to the year 2020 AD; This is due to the expected rise in oil revenues and an increase in non-oil revenues by 18.2% compared to the year 2020.
Concerning public expenditures, the study expected that the total expenditures for the year 2021G will amount to about 1,015 billion riyals, down by 5.6% from the actual expenditure in 2020 and rising by about 2.6% from the approved budget. Compared to 2019, it is down by 4.2%, which reflects the result of the government’s efforts to raise spending efficiency, and attributed the increase in total expenditures compared to the budget for the current year 2021 AD as a result of several main factors, the most important of which is spending related to the “Covid-19” virus, which includes an increase in working hours for some workers. In the health sector, due to the rapid immunization of the population in the Kingdom, as well as the expenses of purchasing the vaccine.
The study confirmed that the effective government measures taken by the Kingdom to enhance transparency and supportive steps to diversify the economy, represented by the efforts of the Public Investment Fund and the National Development Fund, have greatly supported the investment environment in the country, which indicates the enhancement of economic growth prospects in the medium term, in addition to supporting a rapid recovery. during the year 2021 AD.
She explained that maintaining spending levels reflects the extent of commitment to the ceilings and the approach followed in the financial policies that support raising spending efficiency and developing the effectiveness of social spending, in addition to re-arranging priorities based on developments and developments in line with the requirements of the current period, in addition to continuing spending on major projects and vision realization programs. This will be in line with the objectives of the Kingdom’s Vision 2030, which will provide more opportunities for funds and the private sector to contribute and participate in the exploitation of investment opportunities and the privatization of some government assets and services, in addition to infrastructure development projects in the Kingdom.
The study expected that the real GDP would register a growth of 2.6%, driven by the growth of the non-oil GDP by 4.2%, taking into account the performance of economic indicators during the first half of the year, and also that the inflation rate for the whole year would reach about 3.3%, taking into account the fading of the impact of An increase in the value-added tax rate in the second half, after the inflation rate for the first half of this year reached 5.5%, as well as an increase in some prices of imported goods as a result of the measures implemented to confront the pandemic in industrialized countries and the impact of global supply chains.
In light of these local developments and the return of recovery to the global economy, the study expected, based on a review of estimates of economic growth rates in the Kingdom for the year 2022 AD over the medium term, that the private sector will continue to grow at a higher rate than before to lead economic growth and create jobs, as preliminary estimates indicate the growth of GDP The real growth rate of 7.5% in 2022 AD, driven by the growth of non-oil GDP, assuming the return of the recovery of economic activities, and the improvement of the Kingdom’s trade balance as an extension of the positive growth rates in the first half of 2021 AD, in addition to an increase in oil production and raising the production share of the Kingdom starting from May 2022 AD according to the OPEC agreement Plus, the recovery of global demand and the improvement in global supply chains, which will reflect positively on the local economy.
The study showed the extent of the increasing demand for the Kingdom’s sovereign issuances by investors, as the government, within the international bonds and Sukuk programs of the government of the Kingdom of Saudi Arabia were able to complete its first international issuance for the year 2021 AD of bonds in the dollar currency with a total of 5 billion dollars and a coverage ratio of 4 times of the total issuance. It completed its second international issuance of bonds in the euro currency with a total of 1.5 billion euros and a coverage rate of more than 3 times the total issuance, as the three-year tranche achieved a negative return.
The study indicated the government’s support of the private sector by extending several initiatives to mitigate the impact of the pandemic, which in turn enhances the continuation of sustainable economic growth in the medium term, in addition to the role of the Public Investment Fund, which will pump approximately 150 billion riyals annually into the national economy until 2025. , supported by projects that will increase the pace of GDP growth in the Kingdom in creating investment opportunities and launching new and promising sectors such as the tourism sector through the NEOM project, the Red Sea project, the Qiddiya project, and the Amaala project, as well as the real estate sector through several projects implemented by Roshen Real Estate Company to develop neighborhoods High standards of housing, as well as the initiative to support national products and services through the “Made in Saudi Arabia” program, which will provide a large package of advantages and opportunities for companies in order to expand the scope of their work and promote their products locally and globally, in addition to the logistics sector, which includes trains and buses through the operation of the King Abdulaziz project public transport, in addition to launching several programs and initiatives in the technology and artificial intelligence sector, the most important of which are the three initiatives Main (Twaiq, Himma, and Qimma) to achieve the objectives of the Kingdom’s vision to seize the opportunities of the digital economy in a way that enhances the role of the non-oil sector.
Al-Khalidi: The 2022 budget confirmed the recovery of the economy and enshrined the soundness of reforms and the efficiency of financial management
13/12/2021
Al-Khalidi: The 2022 budget confirmed the recovery of the economy and enshrined the soundness of reforms and the efficiency of financial management
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi extended his sincere congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his trusted Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz on the occasion of the announcement of the state’s general budget for the next year 2022 and its promises that enhance the Kingdom’s position on both levels The regional and global trends that it entails confirm the soundness and strength of the Kingdom’s financial and economic center and the momentum created by the Kingdom’s Vision 2030 on the state’s finances and the economic reforms and historical development opportunities that the next few years will bring.
Al-Khalidi said that the budget for the next year 2022 AD, which was approved by the Council of Ministers on the day before yesterday, Sunday, December 12, 2021, AD, and what it included of expenses, revenues, and surpluses, came as an official announcement that the Kingdom has exceeded those economic effects left by the Corona pandemic, and an affirmation of continuing to work on implementing the programs and projects of Vision 2030), and pointed out that Its surplus, estimated at 90 billion riyals (about $24 billion), supports the state of positive optimism in the national economy, enhances cash reserves and indicates a greater expansion in economic and social projects, human development and health, increases the attractiveness of local and foreign investments and confirms the success achieved by the policy of economic diversification in raising non-revenues. oil to unprecedented levels.
Al-Khalidi stressed that this budget, with its financial and economic indicators, in addition to increasing confidence in the Kingdom's financial position in facing local and global challenges, comes as an "early" success indicator for the objectives of the financial sustainability program, as it is - without a doubt - a testament to the policies of success. Managing government spending and increasing its effectiveness, and a lesson, so to speak, in the tools for developing non-oil revenues in the GDP, noting that the real GDP growth of the non-oil sector increased by 5.4% at the end of the third quarter of 2021, driven by the growth of the private sector by about 7%.
He pointed out that the many positives that appeared in this budget, especially the continuity of government spending control policies, would contribute to developing the efficiency of the performance of the various productive sectors, including the private sector, as it is an essential partner in the growth and development process that the Kingdom is witnessing.
Al-Khalidi said that the budget for the fiscal year 2022 AD shows the government's intention to continue working to enhance the efficiency of spending, which is estimated at (955) billion riyals, as well as enhancing the value of the estimated revenues with a value of (1045) billion riyals, and thus the continued commitment to accelerating the process of economic and social development and implementing more programs Initiatives and launching projects, which is reflected in the increase in the roles of the private sector in the national economic system, and that it pushes to raise the ceiling of development ambitions and expand the scope of competitiveness in performance to achieve the desired positive results in various economic sectors.
Asharqia Chamber celebrates the 70th anniversary of its establishment
06/12/2021
Under the patronage and honor of the Prince of the Eastern Province
Asharqia Chamber celebrates the 70th anniversary of its establishment
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsored the celebration of the Asharqia Chamber on Sunday evening, December 5, 2021 AD, with the participation of decision-makers and business leaders in the Kingdom and the Arab Gulf, on the occasion of the 70th anniversary of its founding. The ceremony began with a tour of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, in the historical digital photo exhibition accompanying the ceremony, the owner on his tour, the President of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, and many officials and leaders of economic work in the Kingdom and the Arab Gulf region Through it, His Highness was briefed on the history of the Asharqia Chamber since its establishment in 1952 AD, at the request of His Highness, Prince of the Eastern Province at the time, Prince Saud bin Jalawi, to Sheikh Hamad bin Ahmed Al-Gosaibi, the first Chairman of the Chamber’s Board of Directors, through a documentary presentation of pictures of its first buildings, all the way to its current building and tower. Investment and His Highness expressed his admiration for the exhibition and its digital historical presentation documenting the beginnings, the present, and the future.
The ceremony also included a presentation of a documentary film that reviewed the seventy years of the Asharqia Chamber’s life, and the challenges it faced in growth and development, and developments related to the story of the economic advancement of the Eastern Region since the discovery of oil and the subsequent expansion in commercial and industrial businesses, leading to the Kingdom’s vision of 2030 and how the Chamber dealt with its goals and aspirations diversification of the country's economic base.
His Highness, the Prince of the Eastern Province, said that the Asharqia Chamber has become present in the memory and chronicled a development process full of giving and achievements, which the Kingdom has gone through, and in the heart of it is the Eastern Province. His Highness stressed that the Chamber would not have occupied such a great position in shaping the economic mind of the people of the region, except by taking over its administration since its inauguration.
His Highness affirmed the support of the wise leadership, "may God protect her", to all means of promoting growth and development, and the progress made in implementing its contents over the past years, stressing the importance of redoubling efforts to complete the steps to achieve this vision.
The Chairman of the Board of Directors of the Asharqia Chamber, Mr. Abdul Hakim Al-Ammar, presented a tribute to His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and His Highness also honored His Excellency the Deputy Minister of Commerce, Dr. Iman bint Habbas Al-Mutairi, to the sponsors of the ceremony, and a memorial photo was taken of the former chairmen and members of the boards of directors. With the current and those who held its general secretariat, past and present.
The Deputy Minister of Commerce, Dr. Iman bint Habas Al-Mutairi, said in her speech during the ceremony on behalf of His Excellency the Minister of Commerce, Dr. Majid Al-Qasabi, that the Ministry of Commerce is honored to participate in the Asharqia Chamber’s celebration of its 70th anniversary, describing the Chamber as an ancient edifice that played economic roles. An important development in the eastern region, which is a major economic fortress and an important commercial center and a tourist and investment attraction area in which nature, terrain, and opportunities vary, calling on those in charge of the Chamber and businessmen and women to keep pace with changes and inventory opportunities and comparative advantages and invest them to return their good to the young men and women of the dear country.
Her Excellency thanked all those who worked with dedication and sincerity during the past decades, to contribute to the Asharqia Chamber in its constructive national role, and pointed out that the Chambers of Commerce, in general, are an essential part of the development of our national economy, and it has contributed and continues to enhance economic work and support the state's goals towards growth and sustainable development, And in light of the fundamental changes that the country is witnessing in the structure of the national economy, the chambers of commerce come as an effective communication tool between the business sector and government agencies and play an important role in empowering business leaders, advancing the commercial and economic environment in the Kingdom in various sectors, and addressing the challenges faced by the private sector.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, during his speech at the ceremony, expressed his gratitude, thanks, and appreciation to His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, for sponsoring and honoring the ceremony on the occasion of the 70th anniversary of the establishment of the Chamber The Eastern Province, which has become present in the region’s memory and a chronicler of its economic path and contemporary renaissance, and that it has a special impact in the hearts of the business sector among the people of the Eastern region, is combined with mentioning its name, the memory of its beginnings and the path of development and growth, and the inexhaustible values of giving, until it became a leading economic landmark of the region’s landmarks. The Eastern Province, and an integral part of its history, present, and future, its deep-rooted history provided it with solid foundations for structures and works, which enabled it, over its long history, and consistently and continuously to use reference standards concerned with comparing its performance with that of others, to maintain its prestigious position and strengthen it.
Al-Khalidi stressed that the Asharqia Chamber has a clear economic footprint, and its path is full of experiences, expertise, challenges, and achievements, from which parents draw from and the children draw from them today, pointing out that history records the Eastern Chamber’s achievements that tell its age the reality of development in the eastern region, and its interaction with economic variables and the comprehensive renaissance in The Kingdom was, and still is, a home for merchants and manufacturers who wrote the history of our national economy and its journey of growth and construction.
From the past to the present and the future, Al-Khalidi spoke about the Chamber’s role in the Vision 2030, saying that with the launch of the wise leadership – may God support it – the Kingdom’s Vision 2030 with its objectives and aspirations for growth and development, the Chamber was a good helper and proceeded according to its three objectives (a vibrant society, a prosperous economy, and an ambitious nation). And it launched its new strategy to keep pace with the aspirations and goals, and contributed to providing a developed and stimulating economic environment for business, and formed the awareness of the owners of establishments of all kinds about the vision and its targets in the various governorates of the region, and that it is continuing towards achieving its endeavors by transforming into a room with an effective and effective performance in the national economic system, according to strategic axes. Innovative additions in line with the needs and requirements of the future, based on strengthening wills and improving operational costs, while continuing to achieve the highest levels of quality and excellence by harmonizing modern administrative and organizational systems.
Al-Khalidi concluded his speech by saying that the Chamber has provided many diverse services and is still being provided for the sake of the national economy, in line with best practices locally and regionally, and has benefited from global experiences in various disciplines. And gratitude to our wise leadership, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz - may God preserve them - for all their efforts to advance our benevolent country, as it pleases me. I would like to extend my great thanks and appreciation to His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, for his patronage and honor of this ceremony, and for his constant support to the Chamber and his continuous sponsorship of all its programs and initiatives, and thanks are also extended to His Highness the Deputy Governor of the Eastern Region, His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz” for his generous support and attention, to His Excellency the Minister of Commerce and His Excellency his deputy for their interest and care for the performance of the Asharqia Chamber and the progress of the business sector in general, and to all members of the boards of directors Asharqia Chamber, old and new, to the Chamber’s executive body, and to the integrative work system that the Chamber embraces, and at the heart of it come the business committees, and the branch councils that have made an effort that deserves thanks, appreciation and praise, as the most important and prominent mechanisms of the Chamber’s developmental performance, and the most important and most prominent areas of cohesion with aspirations the participants, and thanks to all of you, our honorable presence.. May you and the land of glory and prosperity last, under the leaders of determination, effort, and giving.
The Prince of Eastern province sponsors the general assembly of the Patients Friends Committee in the Asharqia Chamber
02/12/2021
The Prince of Eastern province sponsors the general assembly of the Patients Friends Committee in the Asharqia Chamber
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province and Honorary Chairman of the Patients Friends Committee in the region praised the importance of the good services provided by the Committee during the last period that contributed to supporting needy patients and had a profound impact on the lives of the beneficiaries.
His Highness added, during his patronage of the committee’s general assembly meeting, at the Chamber’s headquarters on Wednesday, December 1, 2021, “The integration between the relevant sectors achieves the desired goal and contributes to achieving goals and aspirations in a controlled and organized manner according to plans and strategies that guarantee the continuity of giving.
The committee announced that the total contribution of the Patients Friends Committee in the Eastern Province during the three years (2019, 2020, and 2021) amounted to 18 million riyals, provided as support to provide medical needs and supplies to several hospitals and health centers in the Eastern Province, most notably: Dammam Medical Complex, Mental Health Department, Children and Maternity Hospital in Dammam, King Fahd Specialist Hospital, Qatif Central Hospital, Dhahran General Hospital, King Fahd University Hospital, and Urayrah General Hospital.
Leadership and Excellence
During the meeting, which was attended by a large number of businessmen and women, and several government officials, especially those working in the health sector, the Director of Health Affairs in the Eastern Province and Chairman of the Committee, Dr. Ibrahim bin Abdul Karim Al-Arefi, confirmed that the committee, since its establishment for more than three decades ago, was It is still a model of leadership and excellence, and it has spread the spirit of volunteerism and promoted charitable work, charity and "community participation" in the eastern region and the Kingdom, especially in the field of serving patients in need and beneficiaries of health services.
Al-Arifi noted that the activities and events of the committee have grown with the contribution and support of venerable businessmen, as they reflect year after year the extent to which charitable and humanitarian work is rooted in the eastern region, as well as the high level of awareness of the importance of participation and cooperation in presenting charitable works of their importance in public affairs.
A leading humanitarian platform
For his part, Chairman of the Board of Directors of the Asharqia Chamber, Vice-Chairman of the Committee, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Patients’ Friends Committee has become today a feature of the eastern region, and a shining sign throughout it. The Committee is making great strides in the path of institutional charitable work, as it has focused its efforts on upholding the values of compassion and solidarity, and has provided aid and assistance to needy patients, by inspecting their conditions and relieving their pain by providing the region’s hospitals with equipment and medical equipment for the crisis. Specialized humanitarian work is a feature of the “Friends Committee” Patients”, which is witnessing a wide development and growth until it now imposes itself as a “leading humanitarian platform” in charitable work.
In the same context, the Secretary of the Committee, Abdul Rahman Al-Humayn said, “All the successes achieved by the Committee of Friends of the Patients came with the grace of God and his payment, and then with the continuous official support, starting with the country’s leadership, which was embodied in the decision of the Council of Ministers to launch the committee, formally rooting it, and approving it at the country level in general. This support culminated in the committee being officially linked to the General Directorate of Health Affairs in each region, and this is clear official support that ensures the sustainability of the committees of friends of patients and the continuation of giving.
Al-Humain renewed his sincere thanks for the unlimited support provided by the Emirate of the Eastern Region to the Committee and its activities, as the Committee was honored by the honorary chaired by His Highness, the Governor of the Eastern Province, and His Highness, His Highness, may God preserve them. By them, the Committee continued its work, and every year we find the initiatives undertaken by the Committee, based on the bids and proposals of the members of the Committee and its contributors.
During the ceremony, the most prominent achievements of the committee were reviewed, and the supporters of the committee were honored.
Ministers, decision-makers, and business leaders in the Kingdom and the Gulf participate Asharqia Chamber celebration
29/11/2021
Celebrating the 70th anniversary of its founding
Ministers, decision-makers, and business leaders in the Kingdom and the Gulf participate Asharqia Chamber celebration
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, the Asharqia Chamber will celebrate next Sunday evening, December 5, 2021, the 70th anniversary of its founding, and several ministers, officials, decision-makers, and business leaders in the Kingdom and the Arabian Gulf will participate in the celebration.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Chamber was keen on wide participation in its celebration of the seventy years of its establishment, so it invited about (1,000) personalities, including ministers, officials, decision-makers, presidents, members of chambers of commerce and business leaders in the Kingdom and the GCC countries. Al-Khaliji pointed out that the Chamber celebrates seventy years of giving, leadership, and excellence in serving the national economy and the business sector from the people of the Eastern Province.
Al-Khalidi added, "The celebration on the occasion of the establishment of the Asharqia Chamber is a celebration for all the people of the eastern region, and it tells of its history and achievements over the past seventy years, and the challenges it faced and the mechanisms and tools it used in dealing with the movement of economic development that the Kingdom and the region are going through in general." After the other, "pointing out that this celebration comes in gratitude and appreciation for the role of the Asharqia Chamber and those who established its structure and laid the foundations of its beginnings and formulated the strategy for its launch, and it was and still is the model room in the Kingdom and the Gulf region.
The Chairman of the Board of Directors stressed that Asharqia Chamber is a forerunner in formulating initiatives and providing sustainable programs and has an honorable record rich in experiences and giving, and since its establishment, it has constituted a model for positive cooperation and a platform for communication with all parties, which created the economic environment for the business sector, which enabled it to effectively contribute to the growth and development process over the years. years, and that the celebration embodies the stages of economic renaissance experienced by the eastern region, pointing to the great role played by the chamber in supporting the state’s economic orientations and how the business sector in the eastern region responded to them.
3 Entities review solutions and financing options for entrepreneurs and small enterprises
24/11/2021
3 Entities review solutions and financing options for entrepreneurs and small enterprises
Asharqia Chamber, represented by the Youth Business Council, organized the Pioneers Dialogue Program entitled: "Solutions and Financing Options for Entrepreneurs and Small Enterprises".
During the program, the Regional Director of Emerging Business Banking at Riyad Bank, Mohammed Al Salem, confirmed that the bank is proceeding according to an expansion plan to serve entrepreneurs, which aims to establish centers to serve pioneers in cities and centers, in addition to increasing the number of employees, reaching 190 employees instead of 63 employees.
AlSalem added during the meeting, which was held on Tuesday, November 23, 2021, and was moderated by a member of the Youth Business Council, Abdul Rahman Al-Afaleq, that the bank, through its plan to support the young business sector, held a number of workshops and meetings that benefited 11,000 beneficiaries of pioneers and entrepreneurs, in addition to that the Bank And through several initiatives, it provided financial support to a number of different sectors in the tourism, real estate and information technology sectors, where an amount of 15 million riyals was allocated to the latter to support emerging projects.
Al-Salem indicated that the bank is currently working on establishing an integrated electronic portal aimed at serving male and female entrepreneurs and enabling them to establish their projects, in addition to 3 centers that the bank seeks to launch to provide various services to the pioneers.
For his part, Regional Director of the Eastern Region at Al-Amthal Finance Hadi Al-Yami said that the company, since the year 2000 AD, has been working to provide new financing solutions for small and medium enterprises, professionals and individuals by continuously introducing new products, diversifying business solutions through digitization, and providing a unique experience from Its kind to serve customers using a set of the most flexible financial solutions, and maintain stable growth and steady profits to create value for shareholders by providing outstanding performance and service to customers.
Al Yami reviewed a number of products and financing solutions offered by the company to small and medium enterprises, including: your points of sale (Tamweelak) (quick financing), which is a financing that gives you a financing amount equivalent to 25% of the annual point-of-sale operations, and the secured financing program specialized in financing that enables enterprises to obtain amounts of up to To 7.5 million without in-kind guarantees, in cooperation with the Kafalah Program and with the support of the Saudi Central Bank. It is a program designed to overcome the challenges of the crisis (Covid-19, Corona), in addition to the electronic store financing program, which is the electronic store financing program for enterprises, and the technology growth financing product, which is a financing product targeting technical facilities that have a license from the Communications and Information Technology Commission and are registered in the “Tech platform”. And specialized in (electronic devices - software - data centers and cloud services - emerging industries, electronic service platforms and information security), and finally the car financial leasing product, a program that helps owners of small and medium enterprises to achieve all their needs from fleets of cars through the product (financial leasing) of various types Car fleets according to a fast mechanism and a carefully studied monthly fare.
For her part, the credit analyst in the Abeer Al-Harbi Sponsorship Program indicated that the program stems from its emphatic vision to provide effective guarantees to stimulate financing and support small and medium enterprises to contribute to strengthening the national economy, pointing out that the program will contribute to achieving the aspirations and goals of the Kingdom’s Vision 2030 by raising the contribution of small and medium enterprises in The GDP will increase from 20% to 35% in the year 2030 by providing the added value provided to each of the beneficiaries.
Al-Harbi said that the program currently provides its services to 8,717 facilities, with a total financing of 23.7 billion riyals, and total guarantees amounting to 18.9 billion riyals, indicating that the program offers the "guarantee portfolio" product, which offers the issuance of guarantees within one working day and grants funding agencies the authority to issue guarantees to their clients in a manner. Immediately according to the main criteria to accelerate the rate of the operational cycle to grant guaranteed financing to enterprises that benefit from it, with a ceiling of guarantees of up to 2.5 million riyals, and a ceiling of emerging guarantees of 500 thousand riyals.
Asharqia Chamber and Silah Company sign an agreement to support saudization in the ICT sector
23/11/2021
Asharqia Chamber and Silah Company sign an agreement to support Emiratisation in the ICT sector
Asharqia Chamber and "Silah for Employment Empowerment" company signed a cooperation agreement aimed at introducing the saudization strategy and supporting local content in the communications and information technology sector.
In the presence of Asharqia Chamber Board Member, Chairman of the Communications and Technology Committee, Nasser bin Rashid Al Bajash, the agreement was signed, and the Chamber was represented by the Acting Secretary-General, AbdulRahman bin Fawzan Al-Humayn, and General Manager of the Business Sector of Silah Company, Ayedh bin Saeed Al-Qarni.
The agreement emphasizes coordination between the two parties to implement introductory workshops on the company's services in support of localization and local content, which are directed to commercial establishments, which supports the general tendency to open the field of employment for the people of the eastern region looking for work in technical jobs to support their settlement. in companies and institutions of the business sector,
It is noteworthy that Silah is the exclusive operator of the initiative to "locate technology centers" in the Eastern Province of the Ministry of Communications and Information Technology, and of the "remote work" program of the Ministry of Human Resources, as well as other programs and services.
Workshop: Recruiting 130 job seekers specialized in communications and technology in the private sector within two months
23/11/2021
Targeting more than 700 specialists during the coming period
Workshop: Recruiting 130 job seekers specialized in communications and technology in the private sector within two months
Ayedh bin Saeed Al-Qarni, Director General of the Business Sector of Silah Company, confirmed that the company, within the initiative of the Ministry of Communications and Information Technology aimed at recruiting and qualifying national competencies in the technology sectors, has employed 130 specialized job students from national cadres in private sector companies within two months, after their training and qualification, adding that the company The next period targets 700 jobs.
Al-Qarni said during a workshop organized by the Chamber represented by the Committee on Tuesday, November 23, 2021, entitled: The Strategy for Recruiting and Qualifying Specialists in the Communication and Technology Sectors, and moderated by Nasser bin Rashid Al-Bagash, member of the Board of Directors and Chairman of the Committee, that the company has the capabilities and ability to train more than 4,000 job applicants and employ them to work in different companies in the coming period.
During the workshop held at the Chamber’s headquarters, Al-Qarni indicated that the company is working to attract the best national competencies with advanced technology, to contribute to the growth of the business, in implementation of the Kingdom’s Vision 2030, and that is its belief (and the initiative owner, the Ministry of Communications and Information Technology) in the importance of national human cadres, It is the source of development and institutional excellence, so it works on qualifying trainees, raising their competencies and motivating enterprises to attract them to work, in coordination with the Human Resources Development Fund (Hadaf).
Al-Qarni added that the company seeks to maximize the benefit of local content by cooperating with local companies (approved by the Communications and Information Technology Commission) in activating some technical and technical services to manage solutions to their implementation and support, as local telecommunications companies provide high-quality service and support such as Internet security services, unified number, cloud services, and application programming.
For his part, a member of the Board of Directors of the Asharqia Chamber and Chairman of the Communications and Technology Committee Nasser bin Rashid Al Bajash praised what the Ministry of Communications and Information Technology is doing in serving the option of Emiratisation in the sector and its affiliated activities. He stressed that this falls within the framework of the general objectives stipulated in the Kingdom's Vision 2030, which emphasized the localization of professions and support for local content.
Al-Bagash explained that the technology and communications sector is one of the important, and even very vital sectors, not only in the level of great influence on public life, as we see, but in the field of employment and opening job prospects, due to the diversity and multiplicity of fields of work that the sector brings, as well as the great demand for its bids. And its outputs, which are investment opportunities for entrepreneurs, and job opportunities for ambitious Saudi youth of both sexes.
Al-Bagash stated that what distinguishes jobs in these areas is that they have a rewarding return, in conjunction with the high demand for them, especially at present in light of the growth and expansion of electronic commerce, in addition to the fact that the field of growth and development in the jobs of this sector is almost open and favorable for all who wish, It is consistent with all levels of ambition, and whoever works in this sector finds the path to self-development, work, and the material and social situation, and the most important thing in this regard is that the job opportunities in it stem from the core of the private sector, and it embodies the most prominent role of this sector, which has received great attention in the Kingdom’s vision 2030. Al Bajash believes that the sector meets the aspirations of the vision in various fields, including privatization and localization in everything, in addition to all that, the technology and communications sectors are among the most prominent areas of technology transfer from the developed world that preceded us in these areas, and they are the first way to transfer technology, interact with and develop it in near future.
Asharqia Chamber organizes a meeting to introduce the National Entrepreneurship Institute
22/11/2021
Asharqia Chamber organizes a meeting to introduce the National Entrepreneurship Institute
Asharqia Chamber, represented by the Women Empowerment Center, organized on Monday, November 22, 2021, a meeting to introduce the National Entrepreneurship Institute.
Director of the Ladies Branch in Dammam, Noura Al-Mulhim, said that the center stems from its vision, which emphasizes that it is the distinguished national model for entrepreneurship and the development of emerging and small enterprises, noting that the center is non-profit and specializes in helping those wishing to engage in self-employment and owners of small and emerging projects of both sexes through training and qualification. It provides advice and guidance, incubates projects, helps obtain financing, and facilitates government procedures by a group of national specialists in the field of entrepreneurship, by adopting the latest methods and techniques.
Al-Mulhim also indicated that the center aims to spread the culture of self-employment among members of society, build a positive behavior towards its practice, develop a national program for entrepreneurship, develop emerging and small projects, qualify human cadres specialized in this field, and enable entrepreneurs and specialists to keep pace with developments in the field of entrepreneurship. Self-employment and creating job opportunities for young men and women through their projects.
On the most important strategic objectives of the center in keeping with the vision of the Kingdom 2030, Al-Mulhim said that the center is working to spread the culture of self-employment, increase the number of entrepreneurs, reduce the percentage of stalled projects and increase the percentage of quality projects to contribute to raising the contribution of small and medium enterprises to the GDP from 20% to 35 % by 2030, and diversify the non-petroleum national product from the GDP.
The center targets through program "young" people of both sexes who wish to establish their projects and have experience and are ready to devote themselves to their project, and the program provides its services to those aged between 21 and 55 years, as it provides financial support through the strategic partner and the main financier, the Social Development Bank.
Asharqia Chamber concludes a program on financial tools and techniques in small projects
22/11/2021
Asharqia Chamber concludes a program on financial tools and techniques in small projects
Asharqia Chamber, represented by the Women Empowerment Center, concluded on Sunday evening, November 21, 2021, a program organized in cooperation with Imam Abdulrahman bin Faisal University entitled: Financial Tools and Techniques in Small Enterprises, as part of the activities of the Global Entrepreneurship Week.
Dr. Karima Suleiman, the introduction to the program specialized in accounting at Imam Abdulrahman bin Faisal University, reviewed the most important topics in this field, which are related to the concept of financial technologies, and the importance of financial tools and techniques.
The introduction also discussed the topic of comparison between traditional financial services and technology-based financial innovations, financial tools and techniques in the Kingdom of Saudi Arabia, and the most prominent challenges of entrepreneurs in financial technology projects, in addition to the fields and types of financial technologies, and users of financial tools and techniques.
The introduction also talked about the importance of financial tools and techniques for small and medium-sized enterprises, and the 5 most powerful technical financial tools for small enterprises, which are represented by social media, artificial intelligence tools, customer relationship management, the Internet of Things, and electronic invoicing. The introduction also examined the role of financial tools and technologies in the sustainability of projects.
Beauty Salons Centers Committee discusses the challenges of the sector with the "Human Resources and Social Development" branch and the Eastern Passports
21/11/2021
Beauty Salons Centers Committee discusses the challenges of the sector with the "Human Resources and Social Development" branch and the Eastern Passports
Asharqia Chamber, represented by the beauty salons Centers Committee, organized the expanded meeting for the sector, which hosted officials from the branch of the Ministry of Human Resources and Social Development and the Eastern Region Passports to talk about the challenges facing the sector’s employees and the appropriate solutions to them.
Muhammad Al-Atrash, Assistant Director-General for the Human Resources Sector at the Ministry of Human Resources and Social Development branch, said during the recent meeting at the Chamber’s headquarters that the business sector always responds to the updates approved by the Ministry, praising the sector’s positivity in implementing decisions that contribute to the modernization and organization of the concerns sector. To be free from randomness and irregularities.
Al-Atrash clarified that the women's business sector is distinguished by its initiative in addressing any violations that may arise and distort the working mechanism in the sector, pointing out that the ministry's branch stands side by side with all institutions that suffer from any obstacles to address them with logical solutions.
For his part, Colonel Mualla Al-Otaibi, Director of the Information Technology Department and the official spokesperson for Al-Sharqiya Passports, said that citizens and residents have a great role to play in supporting the efforts of the competent security services in limiting violators of the residency, work and border security regulations by adhering to them and not operating, harboring, transporting violators or covering them up. He called for cooperation with the security services in reporting violators to contribute to maintaining the security and stability of the country.
Al-Otaibi pointed to the need to unite to eliminate patterns of commercial cover-up, referring to the advantages announced by the state, may God protect him, for the beneficiaries of the corrective period for violators of the anti-cover-up system before the date of February 16, 2022.
For her part, the chairperson of the committee, Shuaa Al-Duhailan, explained the importance of the cosmetic sector and its impact on the development wheel of the national economy, noting that this sector constitutes 70 percent of women’s investments in the Kingdom, stressing that there are concerns that pose a threat to the establishments by causing damage to the potentials of the national economy, indicating that the meeting was It is very purposeful, especially in the matter of developing appropriate solutions to the many problems that the sector suffers from.
Asharqia Chamber organizes a meeting of businesswomen in Jubail
21/11/2021
Asharqia Chamber organizes a meeting of businesswomen in Jubail
Industrial development specialist Noura AlKreides said that the Industrial Development Center specializes in helping owners of entrepreneurial or emerging projects to develop their projects or ideas and turn them into successful businesses in the market that generate income.
During the communication meeting for the women’s business sector in Jubail, which was organized by the Asharqia Chamber in cooperation with the Center on Sunday, November 21, 2021, and moderated by Nour Al-Ibrahim, a member of the Business Council of the Asharqia Chamber branch in Jubail, the Center helps to develop emerging projects through a set of support and consulting services, as well as finding channels for Communicate with specialized agencies to provide support, financing, and development of pioneering projects
AlKreides indicated that the center aims to create a suitable work environment to incubate small and emerging industrial and service ideas and projects, and to establish partnerships with relevant authorities, in addition to spreading the culture of entrepreneurship, raising the percentage of job localization, supporting growth and sustainability of incubated projects, and helping and qualifying entrepreneurs by providing guidance and training. and specialized consultancy.
Asharqia Chamber of Entrepreneurship Incubator begins receiving entrepreneurs
18/11/2021
Asharqia Chamber of Entrepreneurship Incubator begins receiving entrepreneurs
Asharqia Chamber of Entrepreneurship Incubator Committee began on Wednesday, November 17, 2021, to receive entrepreneurs with the aim of choosing distinctive ideas for projects based on technical innovations, or concerned with energy solutions or providing a distinguished service, in order to be incubated and provide the necessary support for them, at the Chamber's headquarters.
The incubator works to enable business owners to develop and sustain their projects and achieve their goals. It also targets Saudi entrepreneurs who have emerging enterprises that are still at the beginning of their establishment, and others facing challenges in growth and sustainability.
It also specializes in operating and managing co-working spaces, business incubators, and accelerators, to provide the best sites, technical facilities, and the appropriate human staff to provide the best-distinguished services, specialized consultations, quality events, office and secretarial supplies, to enable business owners to develop and sustain their projects and achieve their goals, as well as directing and accelerating the growth and success of emerging ideas by providing guidance, training, guidance and enhancing the local content of small and medium enterprises in the administrative, technical and production fields, so the entrepreneur can overcome the first obstacles, enhance communication between entrepreneurs, and keep pace with the economic renaissance experienced by the Kingdom, and the initiatives of its Vision 2030.
Asharqia Chamber delegation begins its visit to Expo 2020 in the United Arab Emirates
18/11/2021
Asharqia Chamber delegation begins its visit to Expo 2020 in the United Arab Emirates
On Wednesday, November 17, 2021, the Asharqia Chamber delegation began its visit to the Expo 2020, which is hosted by the United Arab Emirates and its activities will be held in Dubai, and the visit will last for three days.
Abdulhakim bin Hamad Al-Ammar Al-Khalidi, The Chairman of the Chamber’s Board of Directors, said that the visit aims to see the most important achievements of the business sector, by visiting the participating international pavilions, and to learn about everything new in the world of finance and business and the mechanisms taken by the participating countries to support the business sector in overcoming the pandemic crisis.
Al-Khalidi explained that the exhibition is a valuable opportunity for the business sector to learn about the leading ideas in the world of economy, which is reflected in serving the exhibition's goal of being an exceptional platform that allows the global community to cooperate to discover innovative and pioneering solutions for global development.
Al-Khalidi indicated that the participating pavilions contained new initiatives and projects that would represent a qualitative leap, whether in the commercial or industrial sector and sustainability initiatives, as well as in the alternative and renewable energy sector, especially as the world is currently racing towards the uses of clean energy and is taking rapid steps towards achieving low rates of carbon emissions, stressing that This will reflect positively on the formation of a knowledge base for companies and visitors aimed at developing their work mechanism in this field and benefiting from those experiences and transferring them to their entities.
Al-Khalidi praised the high level of organizing the exhibition, indicating that this conveys a positive image of the great human and material capabilities and the pioneering ideas owned by the state in the field of exhibition organization, which was able to embrace all the participating pavilions and mix their creative designs for the pavilions with the identity of the exhibition.
The delegation began its program by visiting the pavilion of the Kingdom of Saudi Arabia, where it met Hussein Hanbaza, the commissioner-general of the Kingdom’s pavilion, and learned about the details and sections of the pavilion, after which the delegation toured between the pavilions of the United Arab Emirates, the Kingdom of Bahrain and the Arab Republic of Egypt.
Al-Khalidi praised the high level of the Saudi pavilion with an innovative and sustainable design, as it is the second-largest pavilion at Expo 2020 Dubai, and it represents our people, our landscapes, and also reflects the past, present, future, and ambitions.
He also stressed that the pavilion was designed with the smallest details that reflect our identity and goals following the Kingdom's Vision 2030, praising the unique feature that was adopted in it, which is the "day and night" technology so that the pavilion appears in the day in a different way than it appears at night.
Under the patronage of the Prince of the region, Asharqia Chamber celebrates its 70th anniversary
15/11/2021
Under the patronage of the Prince of the region, Asharqia Chamber celebrates its 70th anniversary
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, Asharqia Chamber will celebrate on December 5, the 70th anniversary of its founding. In the movement of growth and development in the country.What made it an important partner in the growth and development movement that the country is experiencing.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, thanked and appreciated His Highness, The Prince of the Eastern Region, for his patronage of the Chamber’s celebration of the 70th anniversary of its founding, stressing his constant support for the Chamber and its work and continuous sponsorship of its programs and initiatives. Since its launch in the early month of Shawwal 1373 AH - the reality of development in the eastern region and the mechanisms of its interaction with economic variables and the process of a comprehensive renaissance in the Kingdom, it was and still is a home for merchants and manufacturers who wrote the history of our national economy and its journey of growth and construction.
Al-Khalidi stressed that the Asharqia Chamber occupies a special place among the people of the region from the business sector, and meets by mentioning its name the procession of development and growth, and the values of inexhaustible giving, pointing out that what was established by the first and what followed their path from the successive ones enabled it to be at the forefront of the Chambers of Commerce in the Kingdom From small numbers of subscribers at the beginning of the establishment to more than one hundred thousand subscribers now.
Al-Khalidi noted that the Asharqia Chamber has for seven decades been working to develop its services to the business sector through many initiatives and programs, many of which have become a model for many chambers of commerce at home and abroad. Ten- It was able to make the development of its services a path followed, and achieving sustainability a permanent goal, until today it has become an example of constructive cooperation with all parties to create an economic environment for the business sector and an effective contribution to the growth and development process. The latest systems and technologies to improve its services provided to the business sector, extending his thanks and appreciation to the former and current members of the Board of Directors who had a great impact in achieving this advanced position by the Chamber.
For his part, the Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, stressed that this celebration, on the occasion of the 70th anniversary of the establishment of the Asharqia Chamber, embodies the celebration of the stages of economic renaissance that the eastern region has gone through until the present time, pointing to the great role played by the Chamber for the year. The past seventy years have been in supporting the trends of the national economy and contributing to the development of the business sector in the Eastern Province.
Al-Wabel said that the Chamber played a major role in foreseeing promising opportunities that contributed to the advancement of the status of the eastern region, and came a long way in serving the business community and stimulating its participation in advancing the components of the national economy. In the march of the country and the development region.
The Council of Health Insurance announces initiatives to support the quality of the insurance service
15/11/2021
Dr. Shabab Al-Ghamdi: We seek to upgrade the sector according to high indicators and standards
The Council of Health Insurance announces initiatives to support the quality of the insurance service
The Secretary-General of the Health Insurance Council, Dr. Shabab Al-Ghamdi, explained that the Council seeks to enable the health insurance sector to provide the best quality, efficient, and high-quality services and for the beneficiaries to obtain their full rights of protection and care, in his speech during a meeting organized by the Asharqia Chamber represented by the Health Committee and moderated by Vice-Chairman Firas Al-Yahya Sunday, November 14, 2021.
In the meeting, during which the strategy and initiatives of the Council of Health Insurance were reviewed, Al-Ghamdi indicated that the health insurance market needs some time to make fundamental changes. Pointing out that the issue of preventive care and primary care will be given intensive care in the next stage.
The Secretary-General of the Health Insurance Council stated that the Council is interested in taking the views of insurance companies and service providers to improve performance and raise the level of service, stressing that the Council has new standards to modernize insurance companies and increase their ability to deal with service providers, in addition to the existence of new standards for service providers to provide services to beneficiaries in a manner Best, and revealed that the council intends to launch an award to honor distinguished entities next year, expecting that this award will contribute to pushing the sector to continue moving in the right direction while seeking to reach 30 million beneficiaries of health insurance by 2030.
Al-Ghamdi added that the Health Insurance Council recently launched the unified coding system, which helps improve the contractual relationship between service providers and insurance companies, in addition to launching the unified contract, stressing that many projects contribute to improving the work environment and reducing risks among stakeholders.
The Royal Commission in Jubail and Asharqia Chamber sign a memorandum of cooperation to enhance quality in the education sector
11/11/2021
The Royal Commission in Jubail and Asharqia Chamber sign a memorandum of cooperation to enhance quality in the education sector
The Royal Commission in Jubail, represented by the education sector in Jubail, and the Asharqia Chamber signed a memorandum of cooperation aimed at achieving the highest standards of educational quality and training in the education sector.
The agreement was signed by the Royal Commission in Jubail, Director General of Education, Dr. Ali bin Hassan Asiri, and by the Chamber's Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, in the presence of the CEO of the Royal Commission in Jubail, Dr. Ahmed bin Zaid Al Hussein, and the Chairman of the Board of Directors of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi.
The memorandum aims to strengthen the links of cooperation between the two parties to support and serve the community and the business sector, by contributing to improving the quality of training and paying attention to the human and societal dimensions. Strengthening ties of cooperation between the two parties, especially in the education sector. Providing practical and theoretical experiences in the field of training and programs to achieve the desired goals between the two parties.
For this part, the Director-General of Education at the Royal Commission in Jubail, Dr. Asiri, explained that the memorandum of cooperation came to frame cooperation with the Asharqia Chamber for the benefit of both parties in a way that enhances joint work. He also explained that it comes as part of a series of joint agreements that support many aspects, events, and specializations, as it serves the sector's employees and the external community within the objectives that support the Kingdom's vision 2030.
For his part, the Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, explained that the memorandum represents the integration between the Chamber and all the parties that intersect with them to enrich the educational, specialized, and economic sectors, noting that the memorandum seeks ways of integration and exchange of experiences between the Authority and the Chamber, and to attract professional trainers in specialized fields for both parties. . In addition to the partnership in providing training programs to serve the community and the business sector.
The General Authority for Competition warns of violations with a fine of up to 10 million riyals
11/11/2021
The General Authority for Competition warns of violations with a fine of up to 10 million riyals
The General Authority for Competition clarified that the application of the competition system has many benefits that are reflected on the local economy, specifically small and medium enterprises, as it supports innovation, quality, and consumer service in general, warning against all phenomena that violate the principle of competition such as monopoly, restrictive agreements, and failure to report economic concentration.
This came during a workshop organized by the Asharqia Chamber in cooperation with the Federation of Saudi Chambers and the General Authority for Competition, Thursday, November 11, 2021, under the title (The Impact of Private Brand Practices). Reducing the harmful effects of monopoly on the economic and social system, seeking to create a competitive environment that attracts investments, providing continuous and balanced development of economic activities, as well as distributing economic resources and achieving competitive prices and quality, as well as enabling small and medium enterprises to participate in economic activities and achieve prosperity. To the consumer by stimulating creativity and dedication in providing goods and services at competitive prices and high quality.
He warned more phenomena that contradict the principle of competition because they reduce incentives for quality and innovation, contribute to the exclusion of competent competitors, and provide the opportunity to exploit the consumer situation and raise the financial cost, as well as the presence of these phenomena does not achieve justice and does not optimally distribute resources and limits the benefits resulting from competition in development. It restricts the market economy and reduces public confidence in market competitiveness.
Accordingly, Al-Muzid lists an examples of practices that violate the competition law, including agreements restricting competition (which are written or unwritten coordination agreements aimed at disrupting competition), and the abuse of the dominant position (which is an illegal practice that aims to influence prices, such as selling at a lower price, Or discrimination in dealing between establishments without an objective reason, linking a commodity to a commodity, or stipulating not to deal with a specific establishment, etc.), and failure to report economic concentration (which is every act that results in a total or partial transfer of ownership of assets, rights, shares, shares or obligations establishment to another facility through acquisition, merger, ownership and joint venture) stressing that these violations require financial fines ranging between 5 and 10% of the annual sales subject of the violation, or not exceeding 10 million riyals in the event that it is impossible to estimate these sales, as well as defamation penalty.
For this part, legal specialist Rahaf bint Bakheet Al-Madraa revealed the results of a study of fees and conditions for displaying products in the retail sector and their impact on competition in the Saudi market, including the call to encourage consumer cooperative societies, and the allocation of no less than 2% of the shelf space in the retail market for marketing products. Small and medium enterprises, exempting these establishments from any fees in the first year, and reducing them by 50% in the following two years.
It is noteworthy that the General Authority for Competition is an independent body directly linked to the Prime Minister, concerned with protecting and encouraging fair competition, combating monopolistic practices that violate legitimate competition and preserving the competitive environment of the business sector within the framework of justice and transparency of the local market. Among the most prominent competencies of the authority is the periodic control of the markets to ensure the application of fair competition rules, receiving complaints, communications, and referrals regarding violations of the competition law, and initiating the study of the market and sectors in the event of violations of the competition law or a desire to promote competition in them, receiving and studying economic concentration notifications and issuing the necessary decisions conducting investigation and research procedures, collecting inferences, investigation and public prosecution in anti-competitive practices.
Al-Shahrani: Promising investment opportunities in Ras Al-Khair port
10/11/2021
During the monthly Tuesday meeting at the Asharqia Chamber branch in Jubail
Al-Shahrani: Promising investment opportunities in Ras Al-Khair port
The Director-General of Ras Al-Khair Port, Captain Abdullah bin Saeed Al-Shahrani, said that the next phase will witness development projects for the port, including the allocation of berth No. 9 for containers, to serve the mining factories in Ras Al-Khair, as well as the governorates of Khafji and Hafr Al-Batin, in addition to the neighboring cities, which contributes to increasing the capacity of the ports Eastern Region.
Al-Shahrani explained during the Tuesday meeting for the business sector, organized by the Asharqia Chamber in its branch in Jubail Governorate, on Tuesday evening, November 9, 2021, and which was managed by the Vice Chairman of the Business Council in the branch, Fahd bin Mutlaq Al-Qahtani, that the large areas inside the port can be exploited and allocated to marine industries, pointing to the existence of investment opportunities in logistical support in the sector. Maritime.
Al-Shahrani pointed out that the total capacity of the port of Ras Al-Khair port is 35 million tons, only 21.5 percent of the capacity has been exploited, noting that the General Authority of Ports approved storage fees for floors according to the port fees and wages system after the lapse of 21 days for general goods (unloading on berth), and concerning containers exported from the Kingdom, the grace period is 10 days. He indicated that the Ras al-Khair port is a mixture between industrial and commercial, as it contains commercial berths that receive all goods, as there are 5 berths, and it also receives components designated for factories near Ras al-Khair, as well as components for King Salman Complex.
He pointed to the adoption of a plan, in cooperation with the Royal Commission in Jubail, to raise the number of paths to 44 paths, through the participation of the private sector, explaining that Ras Al-Khair port is considered one of the promising ports, as it is distinguished by its proximity to the Ma'aden Company and the Ras Al-Khair Industrial City and Jubail Industrial City.
Al-Shahrani revealed the existence of a work plan aimed at linking the railways in Jubail, which would give the factories located in "Jubail 2" to benefit from the port's services in export and import.
Asharqia Chamber organizes the expanded meeting for the agricultural and food sector
09/11/2021
Asharqia Chamber organizes the expanded meeting for the agricultural and food sector
Asharqia Chamber, represented by the Agriculture and Food Committee, organized the expanded meeting for the sector, in which it hosted two officials in cooperative societies specialized in livestock and agricultural marketing.
Speaking at the meeting, which was held on Tuesday, November 9, 2021, Abdullah bin Falah bin Hethlin, The Vice Chairman of the Board of Directors of the Animal Resources Association in the Eastern Province, said that the association was established to serve within its objectives the livestock sector of all kinds, referring to the association aims to establish veterinary pharmacies in all governorates and centers of the region. It aims to establish an integrated veterinary hospital and provide mobile medical services.
During the meeting, which was moderated by the Chairman of the Committee, Muhammad bin Nasser Al Dayl, bin Hethlin explained that the association seeks to distribute slaughterhouses in all governorates and is working to provide good sacrifices at reasonable prices, stressing that the livestock sector is promising and it is important to expand its services to raise the level of performance in it.
For this part, Faisal bin Saeed Al-Zahrani, a member of the Board of Directors of the Cooperative Vision Association for Agricultural Marketing in the Eastern Province, said that the association seeks, within its vision, to lead and excel in the field of agricultural marketing in the Kingdom, support the agricultural private sector in the Kingdom and provide all direct and indirect marketing services.
Al-Zahrani pointed out that the association aims to raise the burden of marketing from farmers to devote them to planting high-quality products, in addition to contributing to creating job opportunities for farmers' children in the field of agricultural marketing and increasing the volume and quality of local production to achieve food security for the Kingdom.
It also aims to represent farmers and agricultural marketers before the relevant authorities, help manage and operate vegetable and fruit markets in the region, build strategic alliances with the private sector to create an electronic platform for marketing agricultural products, and establish marketing service centers to provide the best logistics services that include transportation, packaging, and storage, and work on the establishment of transforming factories for agricultural products to increase the added value of these products
Al-Khalidi: On the covenant and loyalty to the Custodian of the Two Holy Mosques
08/11/2021
On the occasion of the seventh anniversary of the pledge of allegiance
Al-Khalidi: On the covenant and loyalty to the Custodian of the Two Holy Mosques
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, congratulated the wise leadership on the seventh anniversary of the pledge of allegiance, saying: (We are on the covenant and loyalty, and loyalty to the position of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud). He stressed the importance of the anniversary of the pledge of allegiance and the precious occasion it represents for all the sons of this generous country, pointing to the fruits of this pledge that the Kingdom is experiencing today, and the revival of all fields, movement and developmental leap that history writes for his auspicious covenant, where achievements continue and work continues in various aspects of political life be it, social or economic, leading to sustainable development.
Al-Khalidi added that, according to a balanced strategy, he was able to lead the Kingdom to the path of development, despite the many restrictive repercussions imposed by the Corona pandemic that affected the economy in various countries of the world, and to enter the Kingdom into a new phase that would enhance its regional and international standing, and it became present and strongly. In various international forums, and even lead the world in the face of climate change.
Al-Khalidi described what the Kingdom has achieved since the King took over the reins of affairs as “a qualitative achievement and a unique model.” The national economy, diversifying its sources and activating the roles of its multiple components, led by the private sector, received double attention and became an important figure in the formulation of GDP.
Al-Khalidi said, while we celebrate this memory, it is worthwhile to pray to the Almighty to perpetuate this country's glory and giving, and to grant good health, wellness and success to our Master, the Custodian of the Two Holy Mosques and His Highness the Crown Prince, the royal family, the rational government, and the generous people. And that this country and its people and residents enjoy good, happiness and prosperity.
The Deputy Prince of Eastern Province sponsors the opening ceremony of the Logistics Forum in the Asharqia Chamber
08/11/2021
The Deputy Prince of Eastern Province sponsors the opening ceremony of the Logistics Forum in the Asharqia Chamber
His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, Deputy Governor of the Eastern Province, inaugurated the activities of the Logistics Forum, which was organized by the Asharqia Chamber today, Sunday, and discussed opportunities to establish a full-service logistics zone in the Eastern Province, and witnessed a large presence of government officials and elite From local and international businessmen and academics, and experienced professionals and those interested in the field of logistics.
Forum topic
His Royal Highness, Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, was briefed on the accompanying exhibition, and noted the importance of the topics on the forum’s agenda, expressing his aspirations to keep pace with the goals of the Kingdom’s Vision 2030 and its aspirations for the Kingdom to be a global logistics platform. His Highness expressed his happiness with the economic movement Which the Eastern Province is witnessing, and the size of the attendance witnessed by the Forum, pointing out that the Eastern Province is one of the areas that qualify to become one of the most important logistic areas in the Kingdom due to its distinguished geographical location and the comparative advantage of investment activity in various sectors
Ambitious path
For his part, His Excellency the Mayor of the Eastern Region, Eng. Fahd bin Muhammad Al-Jubeir, said during his speech at the forum, that the Kingdom began working rapidly to diversify its non-oil economy, as it launched an ambitious path and accelerated to become a leading logistical center in the Gulf region and its surroundings, and that in April of In 2016, it launched Vision 2030, one of the most important pillars of which is to transform the Kingdom into a logistical hub capable of effectively linking trade routes between three continents.
real transformation
He went on to say that, since its launch, the vision has yielded a real shift towards sustainable development with well-studied efforts, plans, and practical programs. It has transformed from a dream into a tangible reality, taking advantage of our country's position as a global logistics center linking the three continents, which was announced by His Highness, Crown Prince Mohammed bin Salman bin Abdulaziz - may God protect him, when he launched the National Industrial Development and Logistics Services Program, which aims to transform the Kingdom into a power A leading industrial and global logistics platform, based on improving capabilities that contribute to raising the level of private sector participation and activating its role in promoting the program sectors.
Kingdom Gate
He pointed out that because the Eastern Province, is characterized by its geographical location, which is directly linked to six countries, and its international and regional links, which makes it the most qualified region of the Kingdom to become a logistical center and the Kingdom's gateway to industrial exports and imports.
Multimedia Transfer
Al-Jubeir indicated that the Municipality of the region is working in several directions to develop the transportation system to become an integrated multimodal transportation system that keeps pace with the future demand for transportation and logistics services, and includes preparing a comprehensive transportation strategy, and developing a transportation and traffic model, stressing that the comprehensive transportation strategy is a roadmap that covers three decades of (2014 AD to 2044 AD), which included 215 projects scheduled in three phases, and it is a comprehensive strategy that covers the areas of goods transport and truck transport, policies supporting the transport system, in addition to traffic safety, smart transport, and others.
digital copy
He explained that, in the translation of this strategy, a digital version of the transportation system, traffic, land uses, demographic and social characteristics in the cities of the region was built and updated, which is known as the (transport model), which is an important tool for predicting, improving and controlling future demand for transport and logistics and evaluating the cost and return of the new infrastructure. and reduce investment risks for stakeholders.
improve the performance
To strengthen the transportation and logistics system in the Eastern Province, Al-Jubeir said that the Municipality worked with its partners in the Ministry of Transport branch in the Eastern Province, the Public Transport Authority, King Abdulaziz Port, the Eastern Region Traffic, and the Special Forces for Road Security in several areas intending to establish and improve the performance of logistic centers. And improving the local, regional and international connectivity of trade and transport networks, as it was agreed on a site for the construction of the dry port, which is characterized by its proximity to important regional roads (Riyadh, Abqaiq, and Abu Hadriyah Roads, and the railway track), in addition to its proximity to the second industrial area and King Fahd Airport.
The dry port
According to Al-Jubeir, the dry port is of paramount importance for its role in reducing the entry of trucks into the center of cities, thus reducing traffic congestion and improving the level of traffic safety in the cities of Dammam, in addition to reducing the wear of pavement layers due to truck weights. Specific sites will contribute to the speed of goods transportation and reduce the waiting time for trucks at city entrances. Sites have also been identified at city entrances to be used to stop and wait for trucks instead of stopping on roadsides to get rid of the appearance of trucks waiting on roadsides that pose a danger to drivers and vehicles.
Huge initiatives
For his part, Chairman of the Public Transport Authority, Dr. Rumaih bin Muhammad Al-Rumaih, emphasized that the transport and logistics sector is witnessing great acceleration and unlimited support from our wise leadership, pointing to the huge initiatives, qualitative projects, and ambitious targets included in the national strategy for transport and logistics. Opportunities, saying that they serve as a roadmap for the sector and a tool for its integration and interdependence, and it is the starting point for the future through which we aspire to consolidate the Kingdom's position as a global logistics center linking the three continents and to improve the local, regional and international linkage of trade and transport networks.
Historical era
Al-Rumaih said that we live today in a distinguished historical era in which we are racing against time, with great leaps and ambitions that embrace the sky, to build a bright future for future generations in various fields. The strategy aims to increase what the transport and logistics sector pumps into the GDP by about 10%. It also aims to expand the establishment of several logistic platforms, including 7 regions in the Eastern Region, and to raise the capacity of air freight to more than 4.5 million tons and increase the capacity of containers. To reach more than 40 million containers annually by 2030.
Legislation system
He explained that the Public Transport Authority worked on developing the legislative system, improving the business environment, facilitating and shortening procedures through automating systems and integrating with the relevant authorities, with the aim of the level of competitiveness among our partners in the private sector and improving the quality of services provided to achieve the aspirations of the beneficiaries. It was also keen to adopt modern transport technologies and study The requirements of its application to contribute to the reduction of carbon emissions by up to 25%.
The main goals of the vision
For his part, Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi expressed his thanks and appreciation to the Deputy Governor of the Eastern Region, His Royal Highness, Prince Ahmed bin Fahd bin Abdulaziz, for sponsoring and honoring the (logistical) forum, and stressed that the forum is a platform to shed light on a sector that comes on top. The objectives of the 2030 vision are to transform the Kingdom into a distinguished global logistics platform, through which global trade flows.
Indicators of development and development
Al-Khalidi said that raising the level of the logistic sector is one of the indicators of development and development in countries, following its complementary role with all other development sectors. Logistics projects had the greatest impact in facilitating the movement of goods and products and increasing investment and job opportunities among the national workforce.
Our logistical goals
Al-Khalidi explained that the national strategy for transport and logistics services that was presented in the middle of this year, and the several development projects included in this strategy, indicate that our logistical goals have been reached ahead of schedule, and opens broad prospects for the private sector to partner in these projects, considering the strategy a qualitative leap. To advance the logistics sector in the Kingdom, which will be reflected in improving the quality of life in all regions and cities of the Kingdom.
investment prospects
While the head of the Logistics Committee in the Asharqia Chamber, Rakan bin Abdul Rahman Al-Otaishan, said that the forum monitors and analyzes the repercussions of developing the logistics sector on the national economy, and searches for ways to benefit from the relative advantages of the eastern region, which qualifies it to be a leading logistical hub on the banks of the Arabian Gulf, stressing the importance of The logistics sector, which is one of the most important economic sectors supporting all other sectors, saying: The investment and operational prospects offered by the logistics industry for companies, institutions and individuals do not stop at a specific limit.
force equation
Al-Otaishan pointed out that the logistics industry is the main pillar upon which all our ongoing development programs are based, given its importance, great role, and clear impact on all economic and social fields, pointing out that the logistics industry has become, with the launch of the 2030 vision, one of the elements of the equation of the future economic strength of the Kingdom. on the global map.
national projects
Al-Otaishan said that the state has reinforced its logistical goals during the past few months by launching the national strategy for transport and logistics, which embodies the extent of the wise leadership’s interest in the logistics industry by placing it within the framework of huge national projects that raise the Kingdom’s competitiveness and place it in the ranks of the most effective countries in the movement Global trade, with its contents and availability of projects and solutions for investors based on a distinguished strategic location in the middle of the world.
Logistics features
Al-Otaishan indicated that the forum came to shed light on the logistical potentials that the eastern region possesses and how to benefit from them. Through it, we are trying to review the relative advantages of the region, which represents the Gulf industrial capital and on its land many primary and secondary petrochemical industry complexes, as well as the industrial cities in Dammam, Jubail, and Khafji.
Agreement on the principles of partnership, localization and automation in the logistics sector
08/11/2021
During the Logistics Forum 2021 in the Asharqia Chamber:
Agreement on the principles of partnership, localization, and automation in the logistics sector
Al-Jubeir: Great efforts to develop the logistics sector aim to establish and improve logistics areas
Al-Rumaih: A new system for regulating the movement of foreign trucks
In the first dialogue session, which was held under the title (Logistics Areas), and moderated by Abdullah bin Ali Almajdouie, Vice Chairman of the Board of Directors of Almajdouie Company, during which His Excellency the Secretary of the Eastern Region, Eng. Fahd bin Muhammad Al-Jubeir, and His Excellency the President of the Public Transport Authority, Dr. Rumaih bin Muhammad Al-Rumaih, were reviewed. Several projects were implemented by the Secretariat and the Commission to develop the performance of the logistic sector in the Eastern Province. The issue of partnership, whether between government sectors with each other, or partnership with the private sector, was emphasized.
His Excellency Eng. Al-Jubeir explained that the secretariat is making great efforts with its partners, governmental institutions, and the private sector, to develop the logistic sector, based on the National Industrial Development and Logistics Services Program, which aims to establish and improve private logistic areas, rehabilitate economic cities, and improve local, regional and international connectivity for trade and transport networks. He noted the most important features of the eastern region that qualify it to play this role, including its containment of three secretariats, borders with 7 countries and therefore international roads, and several seaports.
For his part, His Excellency Dr. Rumaih Al-Rumaih said that the general strategy for transport and logistics, which was adopted four months ago, has main indicators, most notably raising the level of service performance from 55th in the world to reach the level of the top ten countries during 2030 and increasing air traffic to a fourfold level and reaching to 300 million passengers per year, and raising the level of the logistics sector’s contribution to development from 6% to 10%
Al-Rumaih stressed the issue of developing the organizational structure, automating procedures, partnering with the private sector, and keenness to combat pollution and reduce the phenomenon of cover-up. Revealing a new system on the way to activation to regulate the movement of foreign trucks, to support the real carriers.
He pointed out that the authority is working to rely on national competencies, and to overcome the shortage in this field, by providing training channels and specialized institutes in the activities of ports, aviation, and railways, the latest of which is the Logistics Academy.
In the second dialogue session, entitled (Enhancing the Comparative Advantages of the Eastern Region), during which Omar bin Talal Hariri, President of the General Authority of Ports, Deputy Governor of the General Authority for Zakat, Tax and Customs to facilitate trade and customer experience, Abdul Rahman bin Suleiman Al-Thukair, and Undersecretary for Logistics Services at the Ministry of Transport and Logistics Louay bin Omar Mashaabi, and the session’s dialogues were chaired and moderated by Fawaz bin Khalid Al Bawardi, a member of the Logistics Committee of the Asharqia Chamber, as the focus was on the image of the future at the logistical level.
Hariri said that the level of trade through Saudi ports is increasing to a degree that can be said to be the highest in history, and our local markets are also growing and will increase if the field is opened for tourism, and ports and roads in their current form can accommodate more, and there are no challenges ahead in the issue of infrastructure, and even The free zones that are lacking at present will take their place in the market in the coming years.
He pointed out to work on several files, most notably the separation between legislation and employment, as we seek to bypass the traditional employment situation and search instead to find solutions and services with added value at a lower cost, and we seek to develop the absorptive capacity, and investments amounting to 9 billion riyals were monitored, and we saw a remarkable improvement in the two years The past two days, as 72 international and local companies will work on our new contracts and will invest about 2 billion riyals, and we are seriously working on a new approach to digital transformation so that all our operations are "automated".
As for Al-Thukair, he explained that our infrastructure is strong, and the legislation is proceeding positively, but all this may not succeed if the procedures are not easy, and this is what has been achieved. We differentiate between the committed and the non-committed.
Louay Mashabi said that the logistics sector is redefining itself at the global level, as the issue is no longer land, sea, or air transportation, as there are no clear boundaries between them, as it is possible to merge and catch up with logistic activity, and the logistic areas are manifold and their roles are different, including transportation, clearance, and re-export, so we strive To find a single reference for logistics, and we have presented in this field several products, most notably the establishment of the Logistics Services Agency of the Ministry of Transport and Logistics, which works to unify the license, as we have 150 commercial activities related to logistics, which will be merged into 80 activities, and 30 international and local companies have shown willingness To work in warehouse management, customs clearance, transportation locally, etc., and you do not need an independent commercial registry.
He explained the importance of everyone's cooperation to improve services, stressing the aspirations to cooperate with companies specialized in logistics services, as we have weaknesses in specialized warehouses.
In the third and final session moderated by the head of the Logistics Committee, Rakan bin Abdulrahman Al-Otaishan, the Vice President of Procurement and Supply Chain Management at Aramco, Eng. Muhammad bin Ayed Al-Shamri said that the most significant challenge facing the sector is the lack of young talent in the field of supply chains, in addition to the scarcity of specialized institutes and universities that can attract these Talents, referring to Aramco, and to address some of the challenges in the logistics sector, it has designed a center to monitor supply chains so that it can monitor and evaluate work and also make decisions to intervene if necessary.
Al-Shammari pointed to a platform launched by the company to follow up on importers, especially in customs clearance, pointing out that the challenges that you can see can therefore be addressed.
The CEO of the National Industrial Development and Logistics Program “Nedlab” Suleiman bin Khaled Al-Mazrou said that the period that coincided with the Corona pandemic did not affect the Kingdom as it is proceeding according to a clear and ambitious vision that includes initiatives and plans, but on the contrary, we were able to expedite and implement our initiatives during the pandemic, stressing that the officials In the program, they annually review all the works to make sure that they are on the right track.
Al-Mazrou said that the Logistics Partnership Council holds a monthly meeting to review the work of the program and its initiatives so that it can evaluate them.
For his part, the CEO of the Saudi Company for Electronic Information Exchange "Tadawul", Abdulaziz bin Abdulwahab Al-Shamsi, stated that the company has full conviction and belief in the necessity of forming partnerships with the private sector, saying that no party can work alone, but rather in partnership to benefit from its services and capabilities in any field.
In conclusion, the CEO of the MSC Group of Companies, Sorn Toft, said that the issue of partnerships has become very important and the Kingdom must attract partnerships with the competent authorities so that it can reach high levels of service provision, especially in the systems of controlling shipments and knowing their sources and destinations.
The Deputy Prince of Eastern is sponsoring today the "Logistics Forum 2021" in the Asharqia Chamber
07/11/2021
With the participation of government and private agencies and a group of experts and specialists
The Deputy Prince of Eastern is sponsoring today the "Logistics Forum 2021" in the Asharqia Chamber
Today, Sunday (November 7, 2021), His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud, Deputy Governor of the Eastern Province, will sponsor the “Logistics Forum 2021” organized by the Asharqia Chamber represented by the Logistics Committee, where participants discuss the reality and independent logistic activity in the Kingdom And in the Eastern Province in particular, by addressing several issues related to the logistic sector, whose development and development is one of the goals of the Kingdom’s Vision 2030.
This was said by the Chairman of Chamber of the Board of Directors Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, explaining that the forum is one of the new events (after the Corona pandemic) that the Chamber intends to organize in presence, taking into account preventive precautions, as it will discuss the idea of establishing a full-service logistics area in the eastern region, based on the importance of the region and the relative advantages that characterize it, being the starting point to the Gulf Cooperation Council countries via land, sea, and air, and from there to various countries of Asia, and thus to various parts of the world. He added that the experts and specialists in the forum will stand at these advantages, which characterize the eastern region, which stems from its being the Gulf industrial capital, and the oil and gas capital of the Kingdom, on whose land several giant petrochemical industry complexes stand, as well as the presence of several cities. Industrial areas in Dammam, Jubail, and Khafji, which enhance the region’s position in supporting the Kingdom’s vision projects that aspire to be a global logistics platform.
Al-Khalidi pointed out that the forum is among several activities carried out by the Chamber to support the Kingdom's options in reaching the declared strategic goal, which is (the global logistics platform), such as studies, research, seminars, workshops, and meetings with all concerned parties, as many important points were monitored. On the issue of logistics, we hope it will be discussed in more depth in this forum.
For his part, the head of the Chamber’s Logistics Committee, Rakan bin Abdul Rahman Al-Otaishan, said that the importance of the forum stems from its holding after the launch of the national transport strategy, which emphasized the importance of the Kingdom’s location between the three continents (Europe, Africa, and Asia), and from there to North and South America.
He expressed his hope that this forum will be a new addition to support work options in the logistical field, which is one of the most important areas through which job opportunities and activity are available for the private sector, except that it is a broad sector that is not satisfied with the local field to include global and regional markets.
The main session
It is noteworthy that the forum is held in sessions, where the main session is held under the honor of His Royal Highness Prince Ahmed bin Fahd bin Salman Al Saud, Deputy Governor of the Eastern Province, and His Excellency the Secretary of the Eastern Province / Eng. Fahd bin Muhammad Al-Jubeir, and His Excellency the President of the Public Transport Authority / Dr. Rumaih bin Muhammad Al-Rumaih, Chairman of the Board of Directors of the Asharqia Chamber / Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, and Chairman of the Logistics Committee of the Asharqia Chamber / Rakan bin Abdul Rahman Al-Otaishan.
First session
The first dialogue session, which will be held under the title (Logistics Areas), will be addressed by His Excellency the President of the Public Transport Authority / Dr. Rumaih bin Muhammad Al-Rumaih, and His Excellency Eng. Fahd bin Muhammad Al-Jubeir / The Eastern Province Secretary, and the session will be chaired and moderated by the Vice Chairman of the Board of Directors of Almajdouie Company / Abdullah bin Ali Almajdouie.
second session
On the other hand, the second dialogue session, titled (Enhancing the Comparative Advantages of the Eastern Region), will be addressed by His Excellency the President of the General Authority of Ports / Omar bin Talal Hariri, His Excellency the Deputy Governor of the General Authority for Zakat, Tax and Customs to facilitate trade and the customer experience / Abdul Rahman bin Suleiman Al-Thukair, and His Excellency Undersecretary for Logistics Services at the Ministry of Transport and Logistics / Louay bin Omar Mashabi, and chairs the session’s dialogues and is moderated by a member of the Logistics Committee of the Asharqia Chamber / Fawaz bin Khaled Al Bawardi.
third session
As for the third dialogue session, which will be held under the title (The Role of the Private and Public Sectors in Developing Logistics Activity), during which the CEO of the National Industrial Development and Logistics Program (NDLP) / Sulaiman bin Khalid Al-Mazrou, and the Vice President for Procurement and Supply Chain Management at Saudi Aramco / Eng. Mohammed Bin Ayed Al-Shammari,And the CEO of the Saudi Electronic Information Exchange Company (Tabadul) / Abdulaziz bin Abdulwahab Al-Shamsi, and the CEO of the (MSC / MSC) group of companies / Sorn Toft, and chairing the session’s dialogues and moderated by the head of the Logistics Council in the Jeddah Chamber / Rayan bin Mustafa Qutb.
Asharqia Chamber organizes a meeting entitled: Creating the Distinguished Customer Experience
03/11/2021
Asharqia Chamber organizes a meeting entitled: Creating the Distinguished Customer Experience
In a meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Center entitled: Creating the Distinguished Experience of the Customer, the Consultant in Planning and Institutional Excellence, Abdulaziz bin Abdullah Al-Mahboob, said that the product is not only the secret to success, but how customers have been treated since the first contact, and the period they use where your product or service is provided.
During the meeting, which was held on Wednesday, November 3, 2021, Al Mahboub explained that the customer’s experience is the product of the interaction between the company and the customer during the period of their relationship. It is also the impression that customers have of the brand in general by passing through all the stages of the journey of purchasing the product, noting that building a reputation takes 20 years, and demolishing it will not exceed 5 minutes only.
On the importance of customer experience, Al Mahboub said that it is summarized in identifying the requirements of the current and future needs of the customer and developing strategies to meet them. It also contributes to raising the level of customer satisfaction. Increasing customer retention and reducing leakage, increasing customer engagement, and loyalty to the brand, increasing profits and market share, and indirect marketing of the brand.
Al-Mahboob indicated that 13% of the owners of the experience tell 20 other people, and the angry customer tells from 10 to 13 other people, pointing out that 90% of the company’s entire success is determined by the quality of what the project owner provides in full, stressing that the customer is the institution’s way of survival and life. He always tries to save her from drowning and throws her a lifeline through his opinions and observations.
Forum discusses opportunities to establish a full-service logistics area in the Eastern Province
02/11/2021
Within the activities of the Logistics Forum 2021 sponsored by the Deputy Prince of Eastern Province
Forum discusses opportunities to establish a full-service logistics area in the Eastern Province
Officials and specialists participating in the Logistics Forum 2021, next Sunday, November 7, 2021, will review the most prominent achievements of the logistic sector, and the important developments in the sector in line with the Kingdom's vision 2030.
The participants will be presented within the working papers that they will present at the forum held by the Asharqia Chamber within the activities of the Logistics Committee under the auspices of the Deputy Governor of the Eastern Region, His Royal Highness Prince Ahmed bin Fahd bin Salman Al Saud, and activities will start at 8:30 am.
Several issues related to the logistic sector, most notably the idea of establishing a full-service logistics zone in the eastern region, based on the importance of the region and the relative advantages that characterize it, being the starting point for the Gulf Cooperation Council countries via land and sea, as well as from which exports, energy, and goods to all countries of the world, Which is the focal point of the global economy.
The forum will discuss through experts three main axes that will be the main titles of the sessions of the first forum revolving around the logistic areas, the second talking about the mechanism of enhancing the comparative advantages of the region, and the third reviewing the role of the private and public sectors in the development of the logistical activity.
The head of the Logistics Committee of the Asharqia Chamber, Rakan bin Abdulrahman Al-Otaishan, affirmed the Kingdom’s endeavor to move forward in developing this vital sector, and this has become clear and evident through the launch of the national transport strategy, pointing out that the eastern region is characterized by a number of comparative advantages represented in being the starting point for countries The Gulf Cooperation Council across land and sea, and being the capital of Gulf industries, as well as hosting a number of primary and secondary petrochemical industry complexes, a number of industrial cities in Dammam, Jubail, Abqaiq, Khafji and Ras al-Khair, and some ports and airports, in addition to an active movement in trade, services, import and export, the matter Which gave it an opportunity to occupy a prominent position within the projects of the Kingdom’s Vision 2030, and it is now qualified, before ever, to be a logistics area with sea, land and air views of the movement of the global economy.
Al-Otaishan explained that the Asharqia Chamber meets with many ministries and relevant authorities to keep pace with efforts to develop the logistic sector and provide the necessary and required activities and information to help in the process of development and continuous improvement of all services in the logistic sector, indicating that the work program in the forum is full of elite participants who will review the initiatives it offers. The Kingdom in this field and the great investment opportunities in which the private sector will participate to perform the roles entrusted to it following the Kingdom’s Vision 2030.
Al-Otaishan called on specialists and those interested to participate in the forum and benefit from the participants' proposals and enrich its activities with valuable contributions, pointing out that it is a valuable opportunity to obtain information that the business sector will benefit from in building its plans.
The "Contractors Authority" Academy aims to train competencies in various disciplines of the contracting sector
02/11/2021
The "Contractors Authority" Academy aims to train competencies in various disciplines of the contracting sector
Asharqia Chamber, represented by the Contracting Committee, organized the expanded meeting for the contracting sector, in which it hosted several officials and specialists in the sector, on the evening of Sunday, October 31, 2021, at the Chamber's headquarters.
Eng. Zakaria Al-Abdulqader, Chairman of the Board of Directors of the Saudi Contractors Authority, said that the authority cooperates with all parties to overcome the challenges facing the sector and its affiliates, noting that the authority, through its academy, aims to train a large group of competencies in the various disciplines of the contracting sector, in coordination with the Fund Human resource development "Hadaf".
Al-Abdulkader explained that the contracting sector receives great attention from officials, as the voluntary committees form the first interest in discussing and studying the challenges facing the sector, and then discussing them with the sector’s employees to submit them to the officials to take the appropriate decisions for them, to address the situation of the contracting sector and develop it until it can fulfill its roles following the Kingdom's 2030 vision.
For this part, Hamad Al-Hammad, Chairman of the National Contractors Committee, member of the Board of Directors of the Asharqia Chamber, and Chairman of the Contracting Committee, said during the meeting, which was moderated by a member of the Chamber’s Youth Business Council Muhammad Al-Mohammadi, that the expanded meeting for the contracting sector comes within the activities of the committee and aims to meet the sector’s employees and workers to talk about its achievements and also Presenting ideas and initiatives that would develop the working mechanism in it and help it to continue its work and search for everything new that serves the sector and helps officials in making decisions that are in the interest of the country first and the sector second.
Al-Hammad stressed that the committee intersects with the authority in many tasks under one goal, which is to serve the contracting sector, pointing to several coordinations carried out by the committee with many specialized departments to deliver the voice in a realistic language that reveals what the sector needs to develop its tools.
The Director of the Human Resources Development Fund in the Eastern Province, "Hadaf" Abdulaziz Al-Youssef, participated in this meeting.
The Deputy Prince of Eastern Province sponsors the "Logistics Forum 2021" next Sunday
31/10/2021
Organized by the Asharqia Chamber, it is looking to establish an integrated logistics area with services
The Deputy Prince of Eastern Province sponsors the "Logistics Forum 2021" next Sunday
His Royal Highness Prince Ahmed bin Fahd bin Salman Al Saud will sponsor the activities of the Logistics Forum 2021, which will be organized by Asharqia Chamber next Sunday 7 November 2021, Where it discusses several topics related to the logistics sector, which is one of the most important objectives of the Kingdom's Vision 2030 and within the activities of the Logistics Committee in the Chamber.
Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, Chairman of the Chamber's Board of Directors, said that the forum will discuss the idea of establishing a full-service logistics zone in the eastern region, based on the importance of the region and the relative advantages that characterize it, being the starting point for the Gulf Cooperation Council countries via land and sea, as well as from which exports are launched. And energy and goods to all countries of the world, which is a focal point in the global economy.
Al-Khalidi added that the forum, in which several officials, experts, and specialists will participate, will review all the comparative advantages that characterize the eastern region, as it is the capital of Gulf industrial, and the capital of oil and gas, which hosts several primary and secondary petrochemical industry complexes, as well as the presence of a number of The industrial cities in Dammam, Jubail, Khafji and Ras Al-Khair, and their position has been strengthened in supporting the projects of the Kingdom's vision, which aspires to be a global logistics platform.
Al-Khalidi pointed out that the forum organized by the Chamber this year comes in light of the remarkable interest of the rational government in this growing sector amid expectations that this gathering will discuss important issues related to the logistics transport industry.
For this part, Chairman of the Chamber's Logistics Committee, Rakan bin Abdulrahman Al-Otaishan, said that the importance of the forum stems from its holding after the launch of the national transport strategy, which emphasized the importance of the Kingdom's location between the three continents (Europe, Africa, and Asia), and from there to North and South America.
Al-Otaishan expressed his hope that this forum will be a new addition to support work options in the logistics field, which is one of the most important areas through which the business sector can participate in supporting the Kingdom's Vision 2030.
The National Center for Industrial and Mining Information reviews its strategy in the Asharqia Chamber
27/10/2021
The National Center for Industrial and Mining Information reviews its strategy in the Asharqia Chamber
An Engineer Ali bin Saleh Al Samaa, CEO of the National Center for Industrial and Mining Information, said that the center stems from its mission that emphasizes supporting industry in the Kingdom by developing transparency of industrial and mining market information to enhance the confidence of investors and decision-makers.
Al-Sama explained during a meeting organized by the Asharqia Chamber represented by the Industry and Energy Committee, on Tuesday, October 26, 2021, to review the “strategy and services of the National Center for Industrial and Mining Information and to introduce it” and managed by a member of the Chamber’s Board of Directors and Chairman of the Committee Ibrahim bin Muhammad al-sheik that the center is proceeding according to his vision to be a center Reliable industrial and mining knowledge in the Kingdom to enhance the trend towards an integrated and competitive industrial and mining system, noting that the center targets strategic topics looking at self-financial sustainability, creativity, operational efficiency, transparency and integration of the industrial and mining system, and support for decision-makers.
Al-Sama indicated that to achieve the strategic directions of the center, the center works to provide 6 categories of services, the first of which is indexing and coding services, the second in data and analytics services, the third in innovative digital services, the fourth in the issuance of bulletins and reports, the fifth in providing consultations and feasibility studies, and finally holding activities It aims to spread knowledge.
Al-Sama indicated that the center is interested in developing policies related to industrial and mining information and the plans and programs necessary to implement them, collecting the necessary data on national products and industrial consumables, developing standards for industrial and mining information technology, and supporting information bases, and developing policies for dissemination and classification of awareness and confidentiality of information on the industrial and mining sector.
The center is also interested in working on building a database for the national register of industrial products and preparing studies and research on the industrial and mining sector.
“The First Steps to Achieving Entrepreneurship” a training program at Asharqia Chamber
26/10/2021
“The First Steps to Achieving Entrepreneurship” a training program at Asharqia Chamber
Asharqia Chamber, represented by the Women Empowerment Center, in cooperation with the Social Development Bank, organized a training program that reviewed important themes looking at “the first steps to achieve entrepreneurship” presented by the project finance specialist at the Social Development Bank, Ali bin Abdul Karim Al-Muhaisen.
During the program, which was held on the evening of Monday, October 25, 2021, Al-Muhaisen said that the term self-employment is used to match the job When a person depends for his income and means of living on businesses that he owns in part or whole and he is not employed by anyone or an institution, then he is a self-employed owner, indicating that the personal project is an organized activity in which he invests money, efforts,, and technology to reach a specific goal.
Al-Muhaisen explained that self-employment requires several skills that must be in the investor or the owner of the project to be helping factors for success, such as determining the beginning with high accuracy, paying attention to quality, price,, and specifications that satisfy the customer, working to rationalize expenses so that revenues can be controlled, marketing attention, and placing A complete work plan before the start, and persistence and perseverance, pointing out that a pioneer is an innovative person who practices change in the markets by providing products in new styles and methods.
Regarding the elements of a good project, Al-Muhaisen said: In order for the project to be evaluated as successful, one of the following elements must be introduced: a new product, service, feature, or new technology, and secondly, the better product related to improving the product or service through more features or lower price, higher reliability, greater speed and compatibility Increasing, third, untapped or new market, which means trying to find a market that has greater requirements than competitors can meet, such as an untapped market or a site where services are not available, and fourth, a new delivery or distribution process through which the least expensive products or services are provided to a wider geographical area Or with more options, and fifth, the increasing integration, which is represented by the manufacture and sale of a product or the presentation of more services and products in one site.
Asharqia Chamber signs an agreement with the Franchise Association to promote the franchise sector
21/10/2021
Asharqia Chamber signs an agreement with the Franchise Association to promote the franchise sector
Asharqia Chamber has concluded a cooperation agreement with the Franchise Association aimed at enhancing cooperation and joint work between the Chamber and the Association, intending to promote the franchise industry to achieve the Kingdom’s 2030 vision.
The agreement was signed by the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, and the founder and Chairman of the Board of Directors, Lawyer Khalid bin Amin Youssef, in the presence of the Association’s Board Member Faisal Al-Khalidi, the Chamber’s Board Member Saadoun bin Khalid Al-Atish Al-Khalidi and the Chamber’s Secretary-General Abdul Rahman bin Abdullah Al-Wabel.
Al-Khalidi stressed that the Chamber, through its support for the business sector, integrates with various parties to cover many aspects involved in the work of the disciplines required in the market, to provide information, guidance, direction, and support with the participation of a group of experts and specialists.
Al-Khalidi said that the agreement came to develop a cooperation mechanism with all parties in the Kingdom to help them achieve their goals to support and develop the economic and development work of the business sector and serve as a platform to enhance communication opportunities in the Eastern Province, and to qualify young national cadres to work in franchise projects.
For this part, Amin Youssef confirmed that this agreement seeks to enhance cooperation with the Asharqia Chamber, as it is one of the largest and most active chambers of commerce in the Kingdom, explaining that the agreement aims at cooperation in spreading the culture of the commercial franchise through the implementation of initiatives, programs and activities related to awareness of commercial franchise, and activating the role of both parties in achieving The Kingdom's Vision 2030 in the field of franchising.
He explained that the memorandum of understanding includes several items, including raising awareness and spreading the culture of franchising, preparing research and studies on franchising, providing advice on franchising, holding and organizing events, seminars, lectures, and workshops in the field of franchising, and organizing specialized training courses to raise administrative, legal and technical skills. In the field of commercial franchising, opening up prospects for cooperation with the authorities concerned with the commercial franchise, and forming a joint working team to activate these items.
Asharqia Chamber organizes a workshop reviewing the support of the National Center for Family Enterprises for the business sector
20/10/2021
Asharqia Chamber organizes a workshop reviewing the support of the National Center for Family Enterprises for the business sector.
Talal Al-Ajlan, CEO of the National Center for Family Enterprises, explained during a workshop that reviewed the center's support for the business sector, that the center stems from its message that emphasizes supporting family businesses to implement best practices and standards that enhance their growth and sustainability.
Al-Ajlan said during a workshop held by the Asharqia Chamber represented by the Commercial Committee on Tuesday evening, October 19, 2021, and moderated by the Chairman of the Committee Hani Al-Afaleq, that the center does not target profit, but rather represents the interests of family businesses and works under the umbrella of the Ministry of Commerce and in coordination with the Council of Saudi Chambers, noting that the center cooperates With the public and private sectors to serve national development.
Regarding the areas of the presence of family businesses between Al-Ajlan, the Riyadh region includes the equivalent of half the number of family businesses in the Kingdom, which is equivalent to 45 percent, and the Makkah Al-Mukarramah region comes second with a presence rate of about 28 percent, while the third-largest presence of family businesses is located in the Eastern Province, accounting for 18 percent The rest of the regions represent less than 1 percent.
Regarding the center’s initiatives, Al-Ajlan pointed out that the National Center for Family Enterprises is cooperating with the Ministry of Economy and Planning and the Ministry of Commerce to achieve the strategic goal of “promoting companies’ interest in the sustainability of the national economy” through several initiatives that work on setting and activating a framework to motivate large companies to implement national standards for sustainability, and to develop family businesses. Towards sustainability in business performance, work has also been done with many ministries and government agencies to review the systems and procedures related to family businesses in the Kingdom, and to participate in holding workshops and lectures to raise awareness of the importance of governance with governments and private agencies.
"Franchise is your strategic choice" workshop in Asharqia Chamber
19/10/2021
"Franchise is your strategic choice" workshop in Asharqia Chamber
Asharqia Chamber, represented by the Small and Medium Enterprises Center, organized on Tuesday, October 19, 2021, a workshop entitled "Franchise Your Strategic Choice", presented by Dr. Muhammad bin Dalim Al-Qahtani, Vice President of the Saudi Franchise Association.
Al-Qahtani said that the components of the franchise depend on several axes: attractiveness, short payback period, strong profitability, good operational evidence, training, and finally continued support.
Al-Qahtani explained that one of the lofty goals of the franchise is: to spread in all Arab and regional countries, provide high-quality products at competitive prices, provide the highest levels of customer service, create job opportunities for Saudi youth, obtain the largest share in the local and regional market, and maximize profit for the donor and beneficiaries of the trade name, in addition, to convey a civilized image of the distinguished Arab business, pointing out that the successful franchisee is the one who does not yawn and here requires maintaining support for the grantees to ensure quality and expansion and keep abreast of everything new offered by the donor.
Al-Qahtani indicated that some of the franchise works are renewable and depend on an accurate operational manual, and this requires...
The presence of effective and continuous training, both internal and external, to ensure the quality with which it can compete with others, stressing the need for a good operational manual that includes all operating activities and is written in a clear manner that is easy to implement and follow.
An integrated "logistical zone" in front of the Logistics Forum 2021 in the Asharqia Chamber
19/10/2021
Organized by the Asharqia Chamber under the patronage of His Highness, the Prince of the Eastern Province
An integrated "logistical zone" in front of the Logistics Forum 2021 in the Asharqia Chamber
The "Logistics Forum 2021", organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz on Sunday 7 November / 2021 AD, discusses the idea of establishing an integrated logistics zone in the eastern region, based on the importance of the geographical and economic location of the region, and its border and sea views, which Qualify it to be a regional logistics center.
The head of the Logistics Committee of the Asharqia Chamber Rakan bin Abdul Rahman Al-Otaishan said that the eastern region is characterized by several comparative advantages and advantages represented in being the starting point for the Gulf Cooperation Council countries via land and sea and being the capital of Gulf industries, as well as embracing several primary and secondary petrochemical industry complexes, and several From the industrial cities in Dammam, Jubail, Abqaiq, Khafji, Ras Al-Khair, and some ports and airports, in addition to an active movement in trade, services, import, and export, which allowed it to occupy a prominent position within the projects of the Kingdom’s Vision 2030, as it became qualified before ever to be a logistical area It has a sea, land and air view of the movement of the global economy.
Al-Otaishan pointed out that the importance of the forum stems from holding it shortly after the launch of the National Transport Strategy, which emphasized the importance of the Kingdom’s position among the three continents (Europe, Africa, and Asia), and from there to North and South America, which His Excellency the Minister of Transport and Logistics Saleh Al-Jasser spoke about. In some aspects of his talk to businessmen yesterday at the Asharqia Chamber, the importance of the eastern region, and the effectiveness of its role in the movement of the national economy, and reviewed several projects that the region will be filled with and available to the private sector for investment, and revolve in the orbit of developing internal and external transport operations (land, sea and air and railway)
Al-Otaishan expressed his hope that this forum will be a new addition to support investment options in the logistics field, which is one of the most important areas through which the business sector can participate in supporting the Kingdom's Vision 2030.
Al-Ghamdi: Governance and digital transformation are necessary to keep pace with the vision and its objectives
17/10/2021
Al-Ghamdi: Governance and digital transformation are necessary to keep pace with the vision and its objectives
The Chairman of the Board of Directors of the Tamkeen Cooperative Society for Consultation and Training, Muhammad bin Saleh Al-Ghamdi, stressed that governance and digital transformation are among the important steps that companies, large or small, must follow, especially in light of the great development of the national economy in light of the implementation of the 2030 vision. Governance is an important entry point in activating the role of shareholders and facilitating the exercise of their rights. It plays a major role in clarifying the tasks and responsibilities of the Board of Directors and the executive management, as well as its enhancement of control and accountability tools. Digital transformation also comes to give institutions more efficiency in performance and creativity in customer service, stressing that they are any Governance and digital transformation lead to institutional upgrading and thus the ability to compete in a rapidly changing market.
Al-Ghamdi was a guest on Tuesday's meeting at the Asharqia Chamber, Tuesday, October 12, which was attended by Board Member Najib Al-Sihati, and moderated by the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and several businessmen, interested people, and specialists in the areas of governance and digital transformation.
Al-Ghamdi pointed out, through a visual presentation, the objectives of governance and its role in raising awareness of the importance of professional behavior at work and urging institutions to adopt and develop it. Those concerned with implementing governance, namely: (shareholders, general assembly, board of directors, executive management, stakeholders), stressing that governance by its application leads to many advantages such as preserving rights, achieving justice, raising administrative efficiency, effective supervision, achieving sustainability, and other advantages.
In the context of digital transformation, Al-Ghamdi said that there is an urgent need for digital transformation as it improves efficiency, reduces spending, accelerates the completion of procedures, and facilitates the completion of operations at any time and from anywhere, pointing out that digital transformation is not limited to a specific field, but can be implemented in many From fields such as education, training, trade, health, media, judiciary, industry, banking, security, and safety.
Al-Ghamdi went on to say that despite the advantages and success factors of digital transformation include, some challenges stand in the way of its implementation, such as creating new business models, redrawing competition arenas, as well as software and services businesses, and providing conscious digital leadership, noting that in a time of The coronavirus has transformed remote work from a mere option to a new, widely accepted work culture, stressing that digitization efforts in organizations are successful when participants in achieving transformation are ready to embrace change for progress and innovation.
Asharqia Chamber launches a business incubator to support entrepreneurs in the region
17/10/2021
Asharqia Chamber launches a business incubator to support entrepreneurs in the region
Al-Khalidi: The Chamber is working to fill the needs of the entrepreneurial community by providing an incubator and co-working spaces
Asharqia Chamber will launch next November an Entrepreneurship Incubator, which aims to support and guide male and female entrepreneurs. It also adopts the owners of creative ideas and works on implementing programs that educate, educate and assist them to enable them to reach success and achieve creativity in their emerging projects.
On this, the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, confirmed that the incubator project enjoys the support of the Board of Directors, intending to keep pace with the economic renaissance experienced by the Kingdom, and keeping pace with the initiatives of Vision 2030 so that the incubator aims to direct and accelerate the growth and success of emerging ideas, and to achieve training and guidance In the administrative and technical field, qualifying the project to be accepted by investors, and enhancing communication between entrepreneurs.
Al-Khalidi said that supporting small and medium enterprises and entrepreneurs is an inherent principle in the Asharqia Chamber and a fixed part of its role, pointing to the pioneering community in need of nurseries and joint workspaces in the region, and this is what the Chamber seeks to achieve by investing its distinguished relations with the business sector, pointing out that The incubator targets Saudi entrepreneurs who are working at the beginning of establishing a startup, in addition to supporting the startup that faces a challenge in sustainability and another that faces a challenge in growth.
For this part, The Chairman of the Executive Council of the Eastern Business Youth Council, Fahd bin Abdullah Al-Farraj, said that the incubator will work to provide a high-quality leadership environment to enable projects to compete locally and globally, as the incubator will start, starting today, to receive requests from pioneers and pioneers through the Chamber's website.
Al-Farraj called on male and female entrepreneurs to seize this valuable opportunity provided by the Asharqia Chamber, based on its role in supporting the culture of work, looking forward to the incubator witnessing the emergence of innovative youth ideas and projects that contribute to the advancement of the business sector and its leading role as a partner in development.
The Asharqia Chamber of Entrepreneurship Incubator specializes in operating and managing co-working spaces, business incubators, and accelerators, to provide the best sites, technical facilities, and the appropriate human staff to provide the best-distinguished services, specialized consultations, quality events, office and secretarial supplies, to enable business owners to develop and sustain their projects and achieve their goals. It is also concerned with directing and accelerating the growth and success of emerging ideas by providing guidance, training, guidance and enhancing the local content of small and medium enterprises in the administrative, technical, and production fields so that the entrepreneur can overcome the first obstacles to become his project eligible for acceptance by investors.
Asharqia Chamber offers free consultations In tax and electronic invoice for entrepreneur
12/10/2021
Asharqia Chamber offers free consultations In tax and electronic invoice for entrepreneur
Asharqia Chamber, represented by the Small and Medium Enterprises Center, organized on Tuesday, October 12, 2021, a free specialized consultation program, which reviewed the most prominent details of tax and electronic invoice for small and medium enterprises.
The program, which was held via video conferencing with the participation of the Senior Director of Taxes and Zakat at Andersen Saudi Arabia, Ghanem Al-Sadlan, witnessed a remarkable interaction by the pioneers who benefited from suggestions, advice and instructions, on many topics, challenges and ways of development.
It is noteworthy that this program targets all those wishing to start their own projects and owners of small and medium enterprises in particular.
This program is part of a number of activities and efforts implemented by the Chamber to sponsor, support and develop small and medium enterprises, including seminars, lectures and training courses, as well as free specialized advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of young business men and women.
Launching the National Investment Strategy, a pioneering initiative that supports efforts to diversify the economic base
12/10/2021
Launching the National Investment Strategy, a pioneering initiative that supports efforts to diversify the economic base
Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi praised the launch of the National Investment Strategy, and considered it a new and pioneering initiative in order to diversify the economic base.
Al-Khalidi considered that the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, launched yesterday, Monday, an important path to be added to the package of capabilities provided by the rational government in order to diversify the economic base, pointing out that what the strategy aims at raising the net foreign direct investment flows to 388 billion riyals annually, and the increase in local investment to reach about 1.7 trillion riyals annually by 2030 AD, but it is positively reflected on the private sector and its role in the process of economic development that we are witnessing in various sectors, and is aimed at achieving the vision’s goals and aspirations for our national economy to become among the 15 largest economies at the global level. the scientist.
Al-Khalidi stressed that, during the era of the Custodian of the Two Holy Mosques and his faithful crown prince, the Kingdom has become one of the strongly emerging economies at the global level, with the new and unique investment opportunities it provides. Addressing the challenges facing investors, which made it at the forefront of investment-attracting countries.
For his part, a member of the Board of Directors and Chairman of the Foreign Investment Committee in the Eastern Chamber, Saadoun bin Khalid Al-Atish Al-Khalidi, said that what the national investment strategy aims to raise in foreign investment flows and increase domestic investment represents a great impetus towards achieving the vision’s goals of ascending the Kingdom’s economy to global leadership.
Al-Khalidi pointed out that this strategy will open the way for investors to invest in the Kingdom, especially as it will push the completion of the tracks to improve the business environment and implement new procedures regarding the regulatory and legislative frameworks related to investment, and work to explore and develop investment opportunities for investors, noting that it is a catalyst. For a new start in the investment sector, whether local or foreign, that increases its contribution to the GDP, opens new horizons for the national workforce, and delivers our products to regional and global markets.
Prince Abdullah bin Musaed: Entrepreneurs must prepare to face any challenge
12/10/2021
During the "My Experience" program for the Youth Business Council in Asharqia Chamber
Prince Abdullah bin Musaed: Entrepreneurs must prepare to face any challenge
His Royal Highness Prince Abdullah bin Musaed Al Saud, former head of the General Sports Authority, provided valuable advice to male and female entrepreneurs that they need at the beginning of their commercial projects: working in the profession they desire, investing time in their project and spending most of it in following up and developing it, and raising the ceiling of their ambitions.
Prince Abdullah bin Musaed stressed in a meeting held by the Business Youth Council in the Asharqia Chamber on Monday evening, October 11, 2021, within the “My Experience” program, managed by the council’s president, Fahd bin Abdullah Al-Farraj, that challenges exist and appear before everyone, especially a pioneer and entrepreneur, pointing to several challenges that were a stumbling block. At the beginning of establishing his first project specialized in the paper industry, where he said that he faced financing challenges, and was able to overcome them after working to provide part of the capital and meeting more than one investor who was able to convince them of his project based on data and information that investors need to know in order to understand the idea of the project and the market need for it , pointing out that the entrepreneur always needs to arrange his papers and be always ready to face any challenge and arm himself with knowledge to be convincing to investors and the target consumer.
Prince Abdullah bin Musaed explained that when he thought about moving towards the world of finance and business, he faced a problem in providing financial financing to establish a factory specialized in the paper industry, but after several attempts and meetings, he was able to win the approval of the banks and some investors who were convinced of the idea of the project until he was able to provide the capital, which amounted to 120 Million riyals to open the factory.
On the importance of the entrepreneur being close to his project, Prince Abdullah bin Musaed said the entrepreneur should follow up on his project first-hand, so that he is familiar with all its details and face any problems that may appear to him, noting that he learned from his experience that he is not alone in his opinion and always tries to benefit from the experiences Those close to him and those with advice and opinions, so that he can continue his business, indicating that if the owner of the project interferes with minor details, the work will be confused and defective, and stressing that the entrepreneur should always be honest in his work and document his business dealings with clear legal contracts that guarantee his rights, according to the accepted standards for sound governance regulations.
On his investment in the sports sector, he said: Our loss was very large in our sports investments due to the Corona pandemic, but we learned an important lesson that football is one of the industries that can continue despite the pandemic.
And about the Kingdom’s acquisition of Newcastle United, represented by the Public Investment Fund, Prince Abdullah bin Musaed said that it is a successful deal and its impact will extend to different sectors in the Kingdom other than the sports sector, most notably the tourism sector.
Asharqia Chamber organizes a workshop to introduce e-commerce support services in Jubail
10/10/2021
Asharqia Chamber organizes a workshop to introduce e-commerce support services in Jubail
Asharqia Chamber, represented by the Jubail Business Council, organized a workshop to introduce e-commerce support services and ways to benefit from them in cooperation with the General Authority for Small and Medium Enterprises "Monsha'at".
The workshop reviewed important axes, the most prominent of which was the growth of e-commerce and support for its establishment. The workshop discussed the e-commerce support project, which aims to stimulate its activities in this sector and enhance the ease of doing business in it, raise the contribution of e-commerce to the national economy, enhance its reliability, and support the sustainability of development and growth in this sector.
Mubarak Al-Mishal, The Chairman of the Jubail Business Council, indicated that the project is in line with the requirements of the Kingdom's Vision 2030, which emphasizes economic diversification, creating an attractive environment for investment and job opportunities in new areas, supporting the growth of small and medium enterprises, and promoting innovation and entrepreneurship.
He explained that the projects have achieved great results in this field, as the sector witnessed an increase of about 47,000 in the number of small and medium enterprises benefiting from e-commerce and an increase of about 237,000 in jobs created directly by small and medium enterprises operating in e-commerce.
Based on the authority’s message about simplifying and accelerating the transition of small and medium-sized enterprises to e-commerce and enabling the economy to grow by developing and providing services and programs that support enterprises and ensure the facilitation of e-commerce work and growth in a prosperous and sustainable system, the authority has established a comprehensive and short page explaining the journey of the online store, intending to qualify existing establishments that wish to start e-commerce and simplify and accelerate their transformation or entry into e-commerce by providing them with the information necessary to start e-commerce, linking them to training, consulting and financing services for this activity, in addition to linking them with service providers for establishing e-stores and documenting their stores through known.
An environmental expert monitors "violations" and calls for scientific dealing with industrial "wastees
07/10/2021
An environmental expert monitors "violations" and calls for scientific dealing with industrial "wastes"
A local environmental expert stressed the importance of environmental awareness in factories, and what this requires from dealing with industrial waste scientifically and practically, and following the requirements and standards stipulated in the General Environment Law and its executive regulations on air quality, environment, and public health, and periodic maintenance of production lines to reduce pollution in all its forms noise, water, and others.
In an evening organized by the Asharqia Chamber represented by the Social Responsibility Center on Wednesday evening, October 6, 2021, under the title (The Role of the Environment in Industrial Development), the Chairman of the Board of Directors of the Friends of the Environment Association, environmental advisor, Talal bin Sultan Al-Rasheed, said that several definitions of the environment, most notably the space in which several elements interact These elements include (water, air, soil, and finally the living organisms themselves), which in turn affect the living organism. Animal, plant), industrial environment: which is man-made (cities, farms, factories, etc.), and social environment: a set of laws that govern the internal relations of individuals as well as social bodies and institutions.
Regarding the “industrial environment,” Al-Rasheed said that it is defined as any change that occurs to the natural environment (whether physical, chemical, or biological changes) as a result of human activity, regardless of whether it is positive or negative, which leads to its transformation into a new artificial environment, such as changes that occur in air, water or Soil, any artificial change that occurs to the components, quality or nature of the air, water or soil environment, transforming it into a new environment (i.e. an artificial environment) other than the original or natural environment, stressing that man has transformed most of the natural environments into industrial environments.
Within this talk, he stressed the need to protect the environment, as it is one of the important matters to which the Kingdom of Saudi Arabia devotes great attention, by applying the concept of sustainable development in various fields, to achieve a clean environment and sound health. Expressing his regret that as a result of technological and industrial progress, especially the huge boom in many and varied new industries, that were developed in the second half of the twentieth century, this industrial diversity resulted in environmental pollution, which means a change in the environment that surrounds living organisms by the action of man and his daily activities, which It led to the emergence of materials that do not fit with the place or space in which the organism lives and thus leads to its imbalance, which comes to several types, including air pollution, noise pollution, water pollution, and waste pollution, the most important of which is an industrial waste under containing residues and materials harmful to the environment such as chemicals and heavy metals.
Al-Rasheed said: “Industrial waste must be dealt with properly, as unconscious handling of this waste may cause many damages: In the short term: such as the spread of unpleasant odors, fires and fires, and some waste forms a fertile environment for the spread of insects and the proliferation of microbes and the resulting damages. In the long term: the effects may appear in soil pollution, which in turn affects the vegetation cover, and 2- Groundwater pollution and thus its access to humans when used, and the migration of living organisms in the area of these wastes and possibly their elimination or extinction.
Al-Rasheed called for serious work to spread environmental awareness among the various members of society and institutions, especially industrial activities, as the only solution to achieve the required compatibility, harmony, and balance between man and the environment. That is, environmental awareness is an important and necessary requirement at all levels in companies and factories, and environmental awareness ensures that every factory has a plan for safety and environmental protection to ensure the safety of workers, equipment, and all work in the factory, and this requires training workers in health, safety, and environmental protection courses. And to hire a workforce trained to follow occupational safety and health procedures, first aid, and more.
Asharqia Chamber Employment Center contributes to providing 1246 jobs for both sexes during the third quarter of 2021
05/10/2021
Asharqia Chamber Employment Center contributes to providing 1246 jobs for both sexes during the third quarter of 2021.
Asharqia Chamber, represented by the Employment Center, has made several achievements during the past three months in terms of supporting Saudisation efforts in the private sector, by playing the role of mediator between job seekers and institutions looking for qualified national competencies.
In this regard, according to the report issued by the Center for the period from July 1 to September 30, 2021
The number of job seekers registered on the center's website during the third quarter of this year reached about 12,202 thousand job seekers of both sexes, except for those who applied during the six recruitment meetings that took place during the same period, which amounted to 1,046 male and female students with post-secondary certificates "diploma, Bachelor's, and Master's degrees.
The report pointed out that the number of establishments that benefited from the center's services during the past period is about 43 registered with the center, which provided all the required information about job applicants, whether through employment meetings held in the chamber or through direct interaction with the center's website and then communication With job seekers according to specialization, noting that 1246 jobs were offered through the website and job interviews, and 891 job seekers were employed in several institutions, during the third quarter of this year.
This comes within the efforts of the Employment Center and in cooperation with private sector institutions to attract qualified Saudi competencies and open up prospects for productive work in line with the Kingdom's vision 2030, based on the center's mission of providing distinguished employment services following the highest levels of quality and efficiency that are in line with the aspirations of customers.
Academic: 54 billion riyals, the value of public endowments in the Kingdom
30/09/2021
Academic: 54 billion riyals, the value of public endowments in the Kingdom
Dr. Muhammad Al-Suhaibani, a faculty member at the Faculty of Economics and Administrative Sciences at Imam Muhammad bin Saud Islamic University, said that endowment institutions represent the backbone of the non-profit sector in the Kingdom, where the endowment sector contributes, along with the two main sectors in the public and private economies, to the gross domestic product.
During the meeting, organized by the Asharqia Chamber represented by the Endowments Committee on Wednesday evening, September 29, 2021, and administered by Salah Al-Zamil, Al-Suhaibani explained that the endowment sector seeks to provide public services that the state aims to achieve with resources transferred voluntarily from the private sector, and Dr. Al-Suhaibani indicated that the non-profit sector contributes to achieving the goals of the vision The Kingdom 2030, and that is why the vision focused on raising its contribution to the gross domestic product.
Dr. Al-Suhaibani referred to the report of the most important results related to the economic importance of the endowments sector in the Kingdom, which revealed important information about public endowments supervised by the General Authority for Endowments and other government agencies, where the value of public endowments is 54 billion riyals, and the authority supervises 14 billion of them, and real estate represents 80 percent of the endowments supervised by the authority, and its annual revenues amounted to 325 million riyals, and 13.1 percent of these returns were spent on the targeted banks, while the largest proportion of 86.9 percent was reinvested to develop endowment resources.
As for civil endowments managed by individuals or institutions, non-profit companies, and charities, their assets exceed 300 billion riyals and contribute to 49 percent of the financial resources of charitable institutions in the Kingdom.
Dr. Al-Suhaibani concluded that measuring the economic importance of the endowments sector requires special statistical treatment because it depends on inputs and outputs that are not exchanged in the market at their real cost, and the best methodology available to measure the economic importance of the endowments sector is to treat it as a sector within the sub-account of the non-profit sector, recommending the necessity of Updating the current surveys related to the non-profit sector and volunteer work to ensure the extraction of indicators specific to the endowment sector within the indicators of the sub-account of the non-profit sector in the Kingdom.
Businessmen in Qatif praise the investment environment and look forward to holding seasonal events
29/09/2021
Businessmen in Qatif praise the investment environment and look forward to holding seasonal events
The expanded meeting of businessmen in the Qatif Governorate stressed the importance of raising the rates of communication with the concerned government agencies to shed light on projects and investment opportunities, pointing to the importance of seasonal and tourism events.
The meeting, which was organized remotely by the Asharqia Chamber Business Council in the governorate, yesterday evening, Tuesday, September 28, 2021, with the participation of a member of the Chamber’s Board of Directors, Najeeb Al-Sihati, and the President of the Business Council, Abdul Mohsen Al-Faraj, witnessed a visual presentation of the council’s achievements during the past year, and what it looks forward to in the remaining months. from this year.
The Chairman of the Council, Abdul Mohsen Al-Faraj, indicated that the investment map in the Qatif Governorate is witnessing important and continuous developments, pointing to the remarkable trend of female entrepreneurs in the governorate. The Oriental Chamber is positive in this regard.
Al-Faraj praised the performance of the Asharqia Chamber Business Council in Qatif Governorate during the last period, as it continued to implement activities and programs despite the circumstances of the Corona pandemic and its repercussions, and attributed this to the interaction of the members of the Council and the direct support of the Chamber’s Board of Directors and its General Secretariat.
Al-Faraj indicated that the investment movement in Qatif is part of the investment environment in the Kingdom, moving in a positive direction supported by economic stability and direct support by the rational government.
The meeting witnessed many discussions and suggestions, including the importance of the governorate witnessing a date festival that reflects the growing production of farmers.
An expanded meeting for the women's centers and workshops sector next November
29/09/2021
An expanded meeting for the women's centers and workshops sector next November
The Women's Centers and Workshops Committee in the Asharqia Chamber decided to hold an expanded meeting for the sector during November, during which several topics of interest to the sector and the institutions operating in it, and ways to develop it and raise the level of its giving, will be discussed.
This came during the meeting held by the committee on Monday, September 27, 2021, chaired by the committee’s chairman, Shuaa Al-Duhailan, during which the topics of the expanded meeting were discussed, the need to take the views of representatives of women’s centers and concerns, and ways of communication between these institutions and relevant authorities.
On the other hand, the committee reviewed several programs that it seeks to implement during the coming months of this year, which adopt the principle of communication with relevant government institutions, as well as institutions operating in the sector, and the aim of all of these is to advance the sector to overcome challenges.
The Tuesday's meeting reviews the challenges of the business sector in Khafji
29/09/2021
Tuesday's meeting reviews the challenges of the business sector in Khafji
Asharqia Chamber held a monthly meeting for the business sector on Tuesday, which reviewed the activities of the Chamber in Al-Khafji Governorate implemented during the current year 2021.
The meeting, which was held on the evening of Tuesday, September 28, 2021, via remote communication technology, discussed many topics of interest to the business sector in the governorate, starting with holding meetings with officials and specialists, to develop a communication mechanism and review issues closely, and also raised several challenges facing the business sector. Businesses in many sectors have received a response from officials and specialists, in addition to other initiatives that will develop the working mechanism in the sector.
The meeting reviewed several activities that will be part of the work program during the last quarter of this year and aim to continue working to serve the business sector to achieve the desired goals.
Asharqia Chamber organizes "Reading Financial Statements for Small and Medium Enterprises" program
29/09/2021
Asharqia Chamber organizes "Reading Financial Statements for Small and Medium Enterprises" program
Asharqia Chamber, represented by the Women Empowerment Center, organized a training program specialized in financial aspects entitled "Reading the financial statements of small and medium enterprises", through video communication technology, on Tuesday evening, September 28, 2021.
The introduction of the program, Dr. Karima Suleiman, assistant professor of accounting at the College of Applied Studies and Community Service at Imam Abdulrahman bin Faisal University, reviewed the elements of the accounting system consisting of the inputs, which are the financial data resulting from economic events, and the processing, which are the documentary processes that include analysis, registration, deportation, balance, rotation, and tabulation, and finally the outputs, which are the lists The four financial aspects are income, budget, equity, and cash flow.
Dr. Suleiman talked about the importance of the change in property rights, as it is considered a link between the statement of financial position and the income statement, and also shows the financial status of the facility and its ability to provide cash flow to finance its operations without the assistance of external investment, and represents an important statement for investors to identify a preference for the movements that have been made on The net assets of the facility, as it is considered a basic requirement for the group of four financial statements.
She referred to the horizontal and vertical analysis, and the first includes the statement, current and cash assets, current liabilities, and inventory, and the second includes current and cash assets, short-term investments, net debtors, inventory, total current assets, net fixed assets, and total assets.
The Logistics Committee reviews the technical challenges with the Director of King Abdulaziz Port
28/09/2021
The Logistics Committee reviews the technical challenges with the Director of King Abdulaziz Port
The Director-General of King Abdulaziz Port in Dammam, Captain Fahd bin Ahmed Al-Amer, reviewed the technical challenges facing the logistics sector, during his meeting on Tuesday, September 28, 2021, with the Logistics Committee of the Asharqia Chamber headed by Rakan bin Abdulrahman Al-Otaishan. The meeting also discussed the services provided to the various sectors.
Al-Amer explained that the port, through the program of communication with the business sector, is interested in discussing all the ideas and ambitions presented, which aim to develop the working mechanism and push forward to overcome the challenges and obstacles facing all parties, referring to the meeting of the committee, which contributed to putting forward many important topics for discussion and proposing appropriate solutions to them.
For this part, Al-Otaishan said that the meeting with the Director-General of the port confirms the importance of communicating and discussing with officials in all matters that in the end are in the interest of everyone, as most parties are interested in the development of the practical relationship and the flow of work, and the reduction of observations and errors that may lead to obstruction of business, and also Working on launching initiatives that contribute to progress in serving the sector.
Asharqia Chamber provides free consultations to entrepreneurs
28/09/2021
Asharqia Chamber provides free consultations to entrepreneurs
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented on Tuesday, September 28, 2021, a free specialized consultancy program, which was allocated in procurement for small and medium enterprises.
The program, which was held via video call with the participation of the procurement specialist Abbas Barnawi, witnessed a great interaction by the pioneers who communicated with the program and presented several suggestions, advice, and instructions to all callers, regarding many topics, challenges, ways of development, and more.
It is noteworthy that this program targets all those wishing to start their projects and owners of small and medium enterprises in particular.
This program is part of several activities and efforts implemented by the Chamber to sponsor, support, and develop small and medium enterprises, including seminars, lectures, and training courses, as well as free specialized advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of business people.
The National Committee of Saudi Arbitration Centers issues its decision licensing the Asharqia Chamber Arbitration Center
27/09/2021
The National Committee of Saudi Arbitration Centers issues its decision licensing the Asharqia Chamber Arbitration Center
The Permanent National Committee of Saudi Arbitration Centers issued its decision to license the Asharqia Chamber Arbitration Center, in the context of promoting a culture of institutional arbitration following the highest international standards and providing an arbitration environment outside the scope of the public judiciary that is stimulating and attractive to capital.
The head of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the expansion in general in the issuance of licenses for arbitration centers supports the aspirations of the Kingdom’s vision 2030 by consolidating the values of governance and transparency and contributes to increasing the Kingdom’s attractiveness to investors, pointing out that it represents a fundamental pillar in supporting the business sector and one of the important paths to decide and adjudicate commercial disputes, which eases the burdens on the public judiciary.
Al-Khalidi went on to say that the Chamber’s endeavor to establish an arbitration center comes within its mission to support and develop the economic and development work of the business sector and within the framework of its comprehensive strategy by providing integrated services to the business community in the field of dispute resolution and settlement and comes as a culmination of the Chamber’s efforts in the field of arbitration since the launch of arbitration in the Kingdom. That the center will work to create the appropriate atmosphere for institutional arbitration in the eastern region by providing an attractive justice platform characterized by the speed in the completion and settlement of disputes.
Al-Khalidi stressed that the center was established to be the first choice for companies and institutions based in the eastern region, and a group of experienced and competent people in the fields of arbitration, conciliation, and dispute resolution will be based on it, and that it will work to spread the culture of arbitration and conciliation among the business community through seminars. It also provides several advisory services related to how to write arbitration and conciliation agreements or provide support services to select the best elements to carry out the task of arbitration and conciliation and publish research and studies in Publications of the Chamber on topics related to arbitration and conciliation.
The Chairman and members of the Asharqia Chamber congratulate the leadership and the people on the 91st anniversary of the National Day
20/09/2021
The Chairman and members of the Asharqia Chamber congratulate the leadership and the people on the 91st anniversary of the National Day
The Chairman and members of the Board of Directors of the Asharqia Chamber and its General Secretariat congratulated the wise leadership and all the noble Saudi people, on the occasion of the 91st anniversary of the National Day. The importance of the National Day, which every Saudi is proud of, and confirms the renewal of affiliation and loyalty to the wise leadership. They pointed to the value of national unity that was accomplished and consolidated by the founder - may God rest his soul - and it is still the compass for the march of giving under wise leadership, insightful vision, and broad ambitions, and they emphasized that the National Day in This year seems different from previous years, as it came after an exceptional year for the whole world due to the Corona pandemic, during which the country and citizens were able to overcome its repercussions, so the Kingdom has become a model required in managing crises around the world.
complete the steps
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the anniversary of the 91st National Day is a memory dear to all of our hearts. Abdul Aziz bin Abdul Rahman Al-Faisal, and his honorable predecessors, the righteous kings, followed his path. Our country continues the path under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and His Highness the Crown Prince Muhammad bin Salman - may God protect them - on the same foundations and principles that the founder established and on which this was built. the entity, in line with the requirements and needs of the new era.
Al-Khalidi went on to say, "On this occasion, we look at the past and are proud of it, and to the present and the future, with a spirit of determination and determination to complete the footsteps of the fathers and grandfathers, pointing to what the nation is witnessing today in terms of a comprehensive renaissance that includes all aspects of life according to an insightful vision that charts steps and outlines paths for progress, growth, and advancement." Well-being, and entering the new world with innovative ideas that keep pace with development in all areas of life, so the country jumped high and placed it at the forefront of countries, and it became the talk of the world in its positive results and its ability to overcome challenges.
Responsible national administration
Al-Khalidi stressed that despite what has befallen the world as a result of the Corona pandemic and the repercussions it has imposed that harmed the whole world, our country has remained at the forefront and continued to grow and become the most powerful and present, with the provision of a responsible national administration that was the talk of the world not only in addressing the challenge of the pandemic, but in presenting A model of progress, development, and prosperity as represented by Vision 2030, extending congratulations to the Custodian of the Two Holy Mosques and his faithful Crown Prince, to His Highness the Emir of the Eastern Province and His Highness his Deputy, and all the Saudi people on the occasion of the National Day, praying to God Almighty to perpetuate the country's security, safety, development and prosperity in light of Wise leadership keen to raise the benevolent nation and maintain its achievements.
Perpetual giving
For his part, the Vice Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the National Day is the occasion of the homeland, the citizen, national unity, and the hopes and ambitions that the homeland has carried through its honorable leaders throughout history. That does not stop, our growth and achievements this year are different from last year because we are moving at a pace with well-established foundations and rules.
For his part, Deputy Chairman of the Board of Directors of the Asharqia Chamber, Hamad bin Muhammad Al-Boali, congratulated the wise leadership and the rest of the country on the occasion of the National Day, which is commemorated at a time when the Kingdom is reaping the results of its ambitious vision based on diversifying the productive sectors until it has become an investment environment. Attractive both internally and externally, despite what the world witnessed a significant decline in investment flows due to the pandemic, but the Kingdom was able - thanks to God Almighty - to achieve a rise in the proportion of direct investment flows, superior to many countries of the world.
Al-Buali said that the anniversary of the National Day is an opportunity to look at what has been achieved and think about what is to come. On this precious occasion, we pause for a while to celebrate the achievements that top the Kingdom day after day and place it in the ranks of developed countries, and we express to our children how proud and proud we are of what the fathers have done. The grandparents made sacrifices for the sake of raising the flag of the homeland high among the nations, and we tell them the story of the struggle of the grandparents and fathers so that they realize what they did for the sake of the elevation of this country. May God bless our country with its glory, security, safety, prosperity, and development.
developmental choice
A member of the Board of Directors of the Asharqia Chamber, "Ibrahim bin Muhammad Al-Sheikh", said that on the 91st anniversary, we stand reflective of the developments that the country is witnessing at all levels, whether it is at the level of making decisions regulating the strategic actions of the state or launching and implementing initiatives and projects that move in the Kingdom. to more spacious areas.
Al-Sheikh referred to the industrial sector, which was - and still is - an effective development option, through which the Kingdom has achieved great achievements. It has become a prominent mark in dozens of products that are present in various global markets, as the reputation of the Saudi product in quality and price is bright and competitive with various international products, pointing out that the future holds many achievements in this regard because the will is serious, the ingredients are available, and all Options for growth and achievement exist; Our rational government supports the national product with all the ingredients for success financially, in advisory and oversight, as well as providing marketing opportunities locally by supporting the local product, and supporting the product's presence in global markets.
Home rules
For his part, a member of the Board of Directors of the Asharqia Chamber, "Ahmed bin Suleiman Al-Muhaidib", explained that the Kingdom celebrates the National Day, the day that brought the country together under one banner and established the rules of the nation. It is not easy, and on the other hand, it was not difficult to implement on the people of this generous country, under this wise leadership, who is serious and determined to complete the march, pointing to the positive view of credit agencies and international institutions that have all strengthened confidence in the national economy until positive impressions are prevalent among local and international investors.
country privacy
For his part, a member of the Board of Directors of the Asharqia Chamber, "Badr bin Muhammad Al-Abdulkarim", stressed the development approach that the sons followed after the founder - may God rest his soul - and they achieved growth and our country became comparable to the countries of the developed world, while at the same time preserving the country's privacy in the world, pointing out To that the National Day is an occasion to emphasize national unity, building values, sacrifices and loyalty to this giving country, and to remind the beginnings of growth and development, and how the children continued the same approach in the development and raising the Kingdom’s flag high. It is truly a national epic in construction and reconstruction since the foundation for growth and development was laid. Honorable sons, kings, the process of growth, and therefore the achievements continue and the country is moving forward.
meanings of patriotism
While a member of the board of directors, Bandar bin Rafea Al-Jabri, went on to say: The National Day is an example of the meanings of patriotism, as it reminds us of the epic of autism, which laid the foundations for starting and building on solid foundations, centered and centered on the Saudi citizen, by providing him with education and appropriate housing, so he became capable of innovation and creativity. And competition in various fields, and the 2030 vision and its implementation paths are the only evidence of the citizen’s ability to keep pace with development and deal with its requirements. Congratulations to our leaders from among the sons of the founding king - may God rest his soul - who have become on the path and approach, so the kingdom has become a model for progress and prosperity among nations.
The reality of growth
As for the member of the Board of Directors of the Asharqia Chamber, “Hamad bin Hammoud Al-Hammad”, he stressed that the National Day brings with it every year many omens that confirm the reality of the development witnessed by the country, and push us to be optimistic about more achievements in the future, pointing out that the procedural steps that It took place during the past year, and despite the exceptional circumstances that everyone knows, resulting from the Corona pandemic, it confirms that the country is in a position that makes it capable of facing challenges and benefiting from them and announces significant increases in the gross product and an increase in the volume of non-oil revenues and the qualitative leaps witnessed by the construction and building sector, In addition to the improvement in the atmosphere conducive to foreign investment, and the return of positive momentum to the oil markets, and thus the country has largely overcome the effects of the pandemic.
Insight out
A member of the Board of Directors of the Asharqia Chamber, "Saadoun bin Khaled Al-Atish Al-Khalidi," said the anniversary of the National Day of our dear country, and the Saudi citizen remembers with pride and pride this happy historical occasion in which the banner was unified and reunited and the scattering of this generous country was not dispersed. And our pride in our local leaders who were loyal and dedicated to the elevation of the nation, which in their hands has become at the forefront of nations.
exceptional memory
A member of the Board of Directors, "Salah bin Abdul Hadi Al-Qahtani", said that the National Day this year represents an exceptional memory, beyond the meaning that we used to celebrate in the past years, as we celebrate the achievements this year after a general epidemic and a pandemic that covered the world as a whole, and just because a country faces such This pandemic is taking health measures to protect its citizens and residents with the highest international standards of human health care and graduate from it with economic achievements. all levels.
comfort and stability
A member of the Board of Directors of the Asharqia Chamber, “Dari bin Abdul Rahman Al-Otaishan”, said that on the National Day we congratulate ourselves and pray to God Almighty to preserve our country and perpetuate our development and progress, and at the same time we pray to God to bless the founder and his righteous sons (Saud, Faisal, Khaled, Fahd, and Abdullah) with his wide mercy, and to prolong the life of the leader of the march, the Custodian of the Two Holy Mosques and his faithful crown prince.
On this occasion, we commend all the steps taken by the wise government to develop and achieve more prosperity and stability for this generous country, and we firmly believe that the future holds many achievements that we look forward to, based on the data of Vision 2030, which includes several giant projects that put our country After God’s grace, in its distinguished position on the global stage through the economic portal in its various dimensions, stressing that the unity and stability of the country contributed to its economic growth, and it became one of the largest economies in the world through the huge projects in which the state engages its sons, businessmen and businesswomen, and young businessmen. Also, in his success in overcoming challenges, the latest of which is the challenge of the Corona pandemic, in which our country emerged victoriously and achieved growth and investments flowed into it.
Quantum leap
Abdul Rahman bin Suleiman Al-Suhaimi, a member of the Board of Directors of the Asharqia Chamber, said that the occasion of the National Day brings joy and happiness to all segments of the Saudi people, who see a qualitative leap that the country has witnessed in various walks of life, pointing to the development and keeping pace with the era that was the approach adopted by the Kingdom since The founder’s pledge to culminate in the launch of the 2030 vision to cross the Kingdom to broader horizons according to a comprehensive strategy to exploit all the country’s natural and human components.
containment of human capital
Member of the Board of Directors of the Asharqia Chamber, "Al-Anoud bint Tawfiq Al-Ramah" said that the Kingdom, on its national day, is moving at a steady pace of growth and development depending on its own potential and growing human capabilities. Raising his scientific and practical level, and providing a decent and secure life in light of material prosperity and moral stability, that qualifies him to fulfill his responsibilities towards his homeland to the fullest.
solid rules
On her part, a member of the Board of Directors of the Asharqia Chamber, Nouf bint Abdul Aziz Al-Turki, said that the National Day is the day on which the late, God Almighty, the founding King, laid firm foundations in the love of the homeland, working to build and protect it, as well as protecting its capabilities, as it is a memory rooted in meanings and values. A lot of work, the most important of which is union and unity, so it has become a reference for us to recall those moments and take lessons learned from them so that we can move forward. Whoever watches the Kingdom today sees the effects of the great efforts that are being exerted to raise this great country, in various fields. Best formulation.
precious opportunity
And a member of the Board of Directors, "Nasser bin Rashid Al Bajash", stated that the National Day has become a valuable opportunity through which we can review ourselves, evaluate the process of giving and performance, and then come up with new ideas that put us in the forefront as we have always been accustomed to, pointing to the Kingdom's achievements. It has been great during the past few periods, thanks to God Almighty and then the proper planning of the state, may God protect it, represented in the Kingdom’s vision 2030, and this confirms beyond any doubt that the countries that work within a general plan are the ones that continue to achieve achievements, and this is what our country is going on.
Citizen interaction
As for the board member, Nasser bin Abdulaziz Al-Ansari, he praised the citizens’ interaction with the state’s comprehensive development options, considering that this is the most important way to celebrate the glorious National Day. What we notice in the Saudi people, who stand united with their wise leadership in many scenes, the most prominent and most important of which is the battle for development, to play their role in it.
Al-Ansari pointed out that the Kingdom - in this field - pays special attention to the human being, and we have witnessed that after the outbreak of the Corona epidemic in various parts of the world, we find that all the capabilities of the state were mobilized to combat the epidemic and to preserve the citizens who are the first wealth and they are the mainstay and goal of development, The Kingdom has achieved successes in this field that deserve to be written in gold on the page of history.
Founding and launching
A member of the Board of Directors of the Asharqia Chamber, Najeeb bin Abdullah Al-Saihati, said that the National Day is the day of national unity, the day of founding and launching. ; It is also a day on which we celebrate the most prominent achievement achieved by the Kingdom, which was the basis for all the results and achievements that we see, touch and reaps its fruits, which is “national unity”, this achievement that guarantees us success for any plan or vision.
The starting point and its compass
The Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabil, said that on the National Day, we extend our highest congratulations and blessings to the leader of the march, the Custodian of the Two Holy Mosques and his faithful Crown Prince, to the honorable royal family, to the Emir of the Eastern Province and his deputy, and to the noble Saudi people, with this The precious occasion, which is an opportunity for study, evaluation, review and launch, pointing to what the memory of the National Day shows of the value of national unity accomplished by the late King Abdulaziz, and its effects are still the basis for starting and compassing, and if this indicates anything, it indicates the insightful vision of the ancestors in the consolidation of The value of national unity and its importance in building and reconstruction, noting that the leadership of this country is aware of the requirements and goals of unity and seeks to achieve them, perhaps the most prominent of which is the search for a better future, and from this point of view, our country has achieved achievements after achievements, which we see in schools and universities, factories and giant projects, hospitals, health centers, markets and malls, and various infrastructure features that put us in the ranks of developed countries, pointing out that the National Day in this year is different from it in previous years as it comes after an exceptional year due to the Corona pandemic, but we - thank God - were able as a homeland and citizens The government and institutions have overcome the dilemma, and we look forward to the disappearance of all the effects of the pandemic and its negative consequences.
Halliburton reviews industrial investment opportunities for the business sector in Asharqia Chamber
15/09/2021
In early 2022, it will launch the first chemical plants in the Middle East
Halliburton reviews industrial investment opportunities for the business sector in Asharqia Chamber
Halliburton, a giant company specializing in the field of energy, presented the investment opportunities offered by the chemical reaction plant to the national business sector at the meeting held by the Asharqia Chamber on Monday, September 13, 2021, through the "Bridge Initiative" platform, in the presence of executive leaders in several factories and national companies. The second industrial city in Jubail, which will be officially inaugurated in early 2022, is the first chemical plant to be inaugurated by Halliburton in the Middle East.
The meeting was attended by the Vice President of Halliburton Projects in the Kingdom and Bahrain, Scott Rigmbald, the Regional Director of Manufacturing Larry Ito, and the Director of the Laboratory and Quality, Hisham Al-Haj.
For his part, al-sheik welcomed Halliburton’s new investment in the Kingdom, stressing that the Kingdom was and still is an attractive investment environment thanks to the reforms implemented by the state in the past period and the continuous directives of the wise leadership, may God protect it, to overcome challenges and create an appropriate and attractive investment climate.
Al-Sheikh said that the Kingdom is witnessing a great renaissance and a non-stop workshop that keeps pace with the vision of 2030, which is loaded with hopes and ambitions. Small and medium enterprises. This will be reflected in more opportunities available to the local private sector, which we find qualified and trusted by all, and the Kingdom’s Vision 2030 relies on it as an active partner in development.
Al-Sheikh explained that the bridging initiative launched by the Asharqia Chamber contributed to raising the level of communication and coordination between giant companies and private sector institutions (small and medium ones in particular), which resulted (and will produce, God willing) more channels of investment work in all economic sectors.
"Monsha'at" and "Social Development" review the financing of franchise projects for entrepreneurs
12/09/2021
"Monsha'at" and "Social Development" review the financing of franchise projects for entrepreneurs
Asharqia Chamber, represented by the Youth Business Council, organized the Pioneers Dialogue Program entitled "Financing Franchise Projects", which hosted officials from the Public Authority for Enterprises "Monsha'at" and the Social Development Bank.
Waleed Al Humaid, the consultant in Monshaat, explained that one of the most prominent tasks of the Commercial Franchise Center is to set the necessary conditions for practicing mediation and conciliation activities in the commercial franchise and to work on identifying the obstacles facing these activities, discussing them and developing appropriate solutions to them. Preparing studies, pamphlets, and research, organizing events related to commercial franchises, educating its practitioners, and supporting them with various forms of support.
Al Humaid added during the program, which was managed by Council member Ibrahim Al-Suhaibani, that the support takes several tracks, including improving the system, awareness-raising, education, capacity-building, and facilitating financial financing, and the authority has undertaken several initiatives for these tracks. He affirmed the Authority's keenness - through the Center of Excellence - to increase the number of awarding marks in the Saudi market, and to expand the scope of these marks locally to be able to grant franchises locally, regionally, and globally, and to work on diversifying the awarding marks to include priority sectors and increase their units, and thus increase investment opportunities for entrepreneurs As franchisees, and this requires an increase in the amount of funding available to entrepreneurs and franchisees. In this regard, he reviewed several services and programs provided by the Center that support the process of achieving these goals.
Accordingly, Al Humaid said that the growth rates of brands have witnessed remarkable increases during the period (2016-2020) at a rate of 73%, as their number was in the range of 400 brands (20 local brands and 380 foreign brands) in 2016 to jump to 692 brands (93 local marks, and 599 foreign marks). Pointing to the qualitative leap witnessed by Saudi brands, which rose from 20 to 93, at a rate of 365 percent during the four mentioned years.
He mentioned that the food and beverage, retail, services, and entertainment sectors are the most prominent sectors that have attracted brand activity, with rates (35%, 53%, and 12%), respectively.
For his part, the Franchise Finance Specialist at the Social Development Bank, Abdul-Malik Al-Saqiya, said that one of the bank’s main pillars is to provide value-added support to micro and small enterprises, by providing financing solutions and products, in addition to non-financial services, pointing to the franchise product - which is among one of the Financing services in the bank - which is defined as a financing product provided to entrepreneurs wishing to obtain a commercial franchise for local or foreign brands, the investment cost of which does not exceed 8 million riyals, and the volume of financing does not exceed 4 million riyals, and the guarantee percentage is determined by the bank, provided that it is not less than 50 % of the financing amount.
The product aims to provide financing to individuals wishing to do business with less risk by directing the franchising company, enabling granting companies faster and with administrative ability to follow up and quality after spread, raising the level of efficiency and spreading the services provided more, and contributing to economic development and raising the domestic product.
Specialized: The technology sector is promising, and women entrepreneurs should think about investing in it
08/09/2021
During the monthly meeting on Tuesday of businesswomen
Specialized: The technology sector is promising, and women entrepreneurs should think about investing in it
Women Spark founder Dima Al Yahya said that the technology sector lacks a female component specialized in this field, due to the lack of skills they have.
During the monthly meeting of businesswomen organized by the Asharqia Chamber represented by the Women Empowerment Center, on Tuesday evening, September 7, 2021, and moderated by the President of the Business Women Council, Maram Al-Jishi, Al-Yahya explained that most investors are men and therefore they do not understand and understand the ideas of women entrepreneurs, and therefore they do not have the Enthusiasm to invest with female entrepreneurs, and this is normal, noting that female investors with money are the ones who understand the thesis and projects of female entrepreneurs and find solutions to daily problems and challenges that they frequently face.
Al Yahya stressed that women should work and enter the labor sector so that they can participate in enhancing their role in the economic process in general by investing their knowledge, time and capabilities, pointing out that female entrepreneurs must get out of the traditional investment mantle and turn to investment in the technology sector, as it is a sector Promising and bold.
Al Yahya indicated that the technology sector is a high risk, but its returns are great and rewarding, and it is necessary for the entrepreneur and female investors to understand that this sector has a different nature as it is based on participatory work with the employer, where she invests money and time and also participates in the training process according to her abilities that she enjoys, Thus, everyone must understand that investing in this field is not only with money.
Al Yahya said, “We are currently living in the Kingdom, a golden period, and if we do not use it well now and invest in it, we will lose a lot at all levels, as the wise leadership, and within its procedures support the investment process through programs that reduce risks for investors, in addition to programs that support technical development, as well as the presence of government investment in business accelerators contributes to supporting quality in investment and gives the investor confidence and reassurance that he will deal with reliable companies that the state deals with.
The Director of the Engineers Authority Branch: We have signed agreements with various companies to localize 1200 engineering professions
08/09/2021
The Director of the Engineers Authority Branch: We have signed agreements with various companies to localize 1200 engineering professions
The director of the branch of the Saudi Council of Engineers in the Eastern Province, Eng. Abdul Latif Al-Absi confirmed that the branch seeks to achieve cooperation with the business sector in the region to serve both parties and advance the engineering profession, pointing out that the authority aims to advance the engineering profession and everything that would develop and raise the level of the profession and its employees.
Al-Absi explained during the monthly meeting held on Tuesday evening, September 7, 2021, which was moderated by the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel, that the branch contributed to exposing many cases of abuse related to academic certificates, pointing out that the authority laid the foundations and standards for practicing and developing the profession, including licensing conditions. Setting the rules and examinations necessary to obtain professional degrees, preparing studies and research, organizing courses, holding seminars and conferences related to the profession, and providing technical advice in its field of competence following the regulations approved by the Board of Directors of the Authority.
Regarding professional accreditation, Al-Abbasi said that it aims to check scientific certificates and ensure their validity, prepare and administer tests and professional interviews for engineers, classify engineers according to professional grades according to their abilities and professional competence, and follow up on continuing professional development for engineers before promotion and communication with professional and international bodies to develop professional work.
He said that the branch contributes to raising the standards of professional practice, developing social and professional relations between members in the branch's work area, evaluating membership services, qualification, and registration for professional accreditation, as well as providing technical, administrative, and financial support to the engineering people and committees, facilitating their work procedures, following up on cases and disputes and carrying out professional accreditation for engineers.
He also indicated that the engineering offices aim to regulate the practice of the engineering profession and licenses for engineering works and to implement a system that qualifies licenses to practice engineering activity according to the licensed engineering field and to determine engineering fees and find solutions to standardize them according to the engineering field and classification.
During the meeting, Al-Absi reviewed some statistics, as he revealed that the authority has 194,144 thousand registered engineers, 148 thousand technicians, 3099 engineering offices at the level of the Kingdom, 385 engineering companies, and 188 training centers contracting with the authority, explaining that the authority’s branch in the eastern region signed several agreements with different companies to localize 1200 engineering professions.
Asharqia Chamber organizes a workshop on the role of the Communications and Information Technology Commission in enabling the emerging technologies sector
01/09/2021
Asharqia Chamber organizes a workshop on the role of the Communications and Information Technology Commission in enabling the emerging technologies sector
Asharqia Chamber, represented by the Communications and Technology Committee, organized a workshop entitled: The role of the Communications and Information Technology Commission in enabling the information technology sector and emerging technologies, in which the Director-General of Empowering Information Technology at the Communications and Information Technology Commission, Eng. Abdulaziz Al-Halil, spoke via zoom technology on Tuesday, August 31, 2021.
During the meeting, which was moderated by a member of the committee, Eng. Ahmed Al-Hussein, about enabling and developing the information technology sector and emerging technologies to make the Kingdom a global center for information technology and emerging technologies, Al-Halil said, referring to the strategy’s objectives in promoting development in the categories of hardware and software for specific sectors, and expanding the added value of devices along the chain. The value in selected industries, and the development of local software solutions in selected industries, noting that the technology sector strategy works to enable the localization of data center services and world-class cloud computing services through international partnerships and the development of empowered local players from small, medium and large-sized companies.
Al-Halil explained that the authority is working to develop strong local IT service companies with more relevant roles played by small and medium companies, improve computing services and local data centers in line with global practices, increase the number of locally developed solutions to become a major global facility for smart solutions and develop and use technology solutions. Innovative startups.
On the challenges facing the sector, Al-Haleel pointed out the market’s lack of a unified database for companies and the absence of a unified channel for communication, in addition to the lack of a clear view of the future, the plurality of parties to register, the limited invitation to projects, the frequency of international companies entering the market, the lack of partnership, merger, and acquisition, and the lack of a catalyst. To develop the quality of services, stressing the importance of providing appropriate solutions to these challenges, including a unified point of contact, a clear vision, a channel for support and empowerment, and quality development.
The Social Development Bank announces more than 10 financing products for small and emerging projects
25/08/2021
During a meeting organized by the Asharqia Chamber
The Social Development Bank announces more than 10 financing products for small and emerging projects
An official at the Social Development Bank affirmed that the bank is keen to support entrepreneurs, small and emerging enterprises, through financial and non-financial services, following the requirements and criteria set by the bank.
Director of the Emerging Enterprises Department at the bank, Eid Bin Najr Al-Dalbahi, who was speaking to businessmen in Al-Khafji Governorate, said that the non-financial services include providing consultations and holding training courses through the “Dalni” center.
Al-Dalbahi added, during a meeting organized on Tuesday (24/August 2021), by the Asharqia Chamber, represented by the Chamber’s Branch Business Council in Al-Khafji Governorate, that the bank offers more than 10 financing products for small and emerging enterprises targeting entrepreneurs, and each product has conditions that need to be met, as shown on the product page on the website. The electronic bank, for example, the age, qualification, number of years of experience required the integrity of the credit history and the activity of the facility.
Al-Dalbahi said during the remote meeting, which was moderated by the Vice-President of the Council, Fahd bin Mudhi Al-Enezi, that the amount of financing varies between the financing products offered by the bank to support enterprises due to the different target segments for each product. As the financing ceiling for start-ups reaches 4 million riyals, and the volume of financing reaches 10 million riyals for small projects whose operating life exceeds at least 3 years, stressing the bank's keenness to support activities that are in line with the bank's strategic objectives.
Al-Delbahi said that the bank aims to spread financial awareness and promote a culture of self-employment among all segments of society, and to support the micro and small enterprises sector, pointing to the importance of the Delnee Business Center, which is interested in providing a package of non-financial services to micro and small enterprises, which vary between training Consulting and guidance, to improve the performance of these establishments and develop them to meet the challenges represented in understanding the market, the regulatory environment, how to manage the business, access to the market, competition and prevention of default.
The Commercial Committee affirms its keenness to strive towards developing the sector
23/08/2021
The Commercial Committee affirms its keenness to strive towards developing the sector
The Commercial Committee of the Asharqia Chamber affirmed its keenness to seek to develop the commercial sector in the eastern region by monitoring the challenges facing its members while proposing realistic solutions that help advance it.
During the expanded meeting of the commercial sector, organized by the Chamber remotely on Monday, August 23, 2021, The Vice Chairman of the Committee Fouad Al-Mulhim said that the committee is keen to provide everything that helps the sector to perform its tasks and support everything that would develop its activities, in line with the Kingdom's vision 2030.
Al-Mulhim pointed to the tangible and fruitful cooperation and communication shown by government agencies and relevant bodies and institutions with the ideas and proposals of the sector, pointing out that this communication helps the sector to respond to changes and develop the working mechanism in the sector, and also contributes to participating in developing logical solutions to many challenges facing the sector.
Al-Mulhim indicated that the committee contributed during a year to addressing many difficulties in cooperation with the relevant authorities to serve the sector’s employees, believing that positive and constructive communication is capable of contributing to the development of the sector, which is reflected positively on everyone’s performance, calling on the affiliates to communicate with the committee and provide it with all the ideas and proposals that there may be a qualitative leap in the services provided to the commercial sector.
On the sidelines of the meeting, the committee hosted the Assistant Chief Executive Officer for Technical Affairs at the Eastern Region Development Authority, Eng. Badr Al-Sharif, who confirmed the authority’s readiness to cooperate with the private sector by providing consultations and studies that help the sector perform its roles following the requirements of the Kingdom’s Vision 2030, pointing to several ideas that It is working to develop the services of the region.
Al-Sharif said that the authority is cooperating with the private sector by motivating it so that it can present a new vision for investing in the future population and economic expansion of the region to be optimally exploited, to be translated distinctly on the ground.
Asharqia Chamber organizes a meeting to introduce the "Qiwa platform"
15/08/2021
Asharqia Chamber organizes a meeting to introduce the "Qiwa platform"
Asharqia Chamber, represented by the Business Council in its branch in Qatif Governorate, organized on Sunday, August 15, 2021, a meeting to introduce the “Qiwa” platform at the Ministry of Human Resources and Social Development, in which the director of marketing and communication for the platform, Abdul Aziz Dandini, spoke.
Dandini said that the platform provides services that allow the beneficiary to complete all work-related services with ease and complete automation. The services provided through the Qiwa platform aim to enhance digital transformation, facilitate the delivery of services, speed decision-making, increase the level of transparency, raise quality and improve beneficiaries’ experiences.
He explained that the platform is interested in providing an interactive tool for the owner of the facility to follow up on the progress of his facility in raising Emiratisation before the end of the Nitaqat grace period.
Dandini pointed out that the platform includes many sections that help the beneficiary to manage his business, such as the individual file section, which is the main source for the professional journey of citizens and residents, as it contains many documented information and the immediate professional visas section that enables enterprises to request and issue professional labor visas. . This service is intended for establishments that have achieved high Emiratization rates and are committed to working regulations.
The platform also includes the immediate issuance of professional and temporary visas for existing and newly established establishments, in addition to the immediate issuance of women's visas, the issuance of temporary work visit visas, and visas for specialized professions without endorsement, as well as regulating the internal environment in the establishments through the adoption of work regulations electronically.
The platform also includes a temporary work visit visa service, which enables the facility to bring a worker for a period of three months without the need to obtain a residence permit and a work permit without the need to extract the residence and work permit allows the holder to work in the Kingdom for a period of 90 days to enter a multi, issuing Saudization certificate, issuance, and renewal of work permits: enables business owners to issue or Renewing work licenses for expatriate employees, an electronic advisor for business owners that displays several vital indicators of interest to the owner of the facility, and many distinguished services.
And Dandini indicated that the Ministry of Human Resources and Social Development has established 4 pillars to facilitate business in the private sector, which is to enhance the importance of Emiratisation and compliance with the Ministry's regulations, improve the contractual relationship between the employee and the employer, involve the private sector and re-engineer policies.
Al-Khalidi: The “Alert First” initiative is an important step to support the competitiveness of the business sector and enhance the investment environment
12/08/2021
The Chairman of the Board of Directors of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi indicated that the “Alert First” initiative allows institutions to identify violations to address them before issuing the prescribed penalty and a strong incentive to enhance their performance, stressing that the initiative aims primarily to raise awareness and compliance before imposing sanctions, and it enhances The target segments’ demand for productive work that achieves the Kingdom’s vision 2030 in building a strong private sector and a diversified competitive economy.
Al-Khalidi praised the noble directive of granting His Excellency the Minister of Municipal and Rural Affairs and Housing the power to “warn first” to whomever a violation is issued, before issuing the penalty to raise compliance rates and raise awareness of some behaviors that fall under the category of violations, according to the determinants of “that violations are not serious, It has not been committed previously, and its effect is not infringing on others.” And that a written warning is issued in which the time for removing the violation is determined.
Al-Khalidi thanked the wise leadership represented by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and His Highness the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, for perceiving the needs of the business sector and supporting it in advancing its mission within the Kingdom’s Vision 2030, and he also valued the efforts of the Ministry of Municipal and Rural Affairs And the housing and its interaction with its requirements to raise its contribution to the development of cities, support entrepreneurs, facilitate small and medium enterprises, and emphasize the importance of raising the performance of the business sector in a way that matches aspirations.
Al-Khalidi called on business sector institutions to interact with the initiative, abide by its determinants, and take advantage of it to address errors and violations, prevent their recurrence, and avoid the issuance of penalties.
Al-Khalidi described the decision as looking to the future, as alerting to errors or non-serious violations is in the field of improving performance, raising work quality levels, and increasing the attractiveness of the investment environment, pointing out that this step allows for awareness and guidance before warning and punishment.
Al-Khalidi: The “Alert First” initiative is an important step to support the competitiveness of the business sector and enhance the investment environment
The Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi indicated that the “Alert First” initiative allows institutions to identify violations to address them before issuing the prescribed penalty and a strong incentive to enhance their performance, stressing that the initiative aims primarily to raise awareness and compliance before imposing sanctions, and it enhances The target segments’ demand for productive work that achieves the Kingdom’s vision 2030 in building a strong private sector and a diversified competitive economy.
Al-Khalidi praised the noble directive of granting His Excellency the Minister of Municipal and Rural Affairs and Housing the power to “warn first” to whomever a violation is issued, before issuing the penalty to raise compliance rates and raise awareness of some behaviors that fall under the category of violations, according to the determinants of “that violations are not serious, It has not been committed previously, and its effect is not infringing on others.” And that a written warning is issued in which the time for removing the violation is determined.
Al-Khalidi thanked the wise leadership represented by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and His Highness the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, for perceiving the needs of the business sector and supporting it in advancing its mission within the Kingdom’s Vision 2030, and he also valued the efforts of the Ministry of Municipal and Rural Affairs And the housing and its interaction with its requirements to raise its contribution to the development of cities, support entrepreneurs, facilitate small and medium enterprises, and emphasize the importance of raising the performance of the business sector in a way that matches aspirations.
Al-Khalidi called on business sector institutions to interact with the initiative, abide by its determinants, and take advantage of it to address errors and violations, prevent their recurrence, and avoid the issuance of penalties.
Al-Khalidi described the decision as looking to the future, as alerting to errors or non-serious violations is in the field of improving performance, raising work quality levels, and increasing the attractiveness of the investment environment, pointing out that this step allows for awareness and guidance before warning and punishment.
Asharqia Chamber organizes a workshop on "reducing costs in the retail sector"
09/08/2021
Asharqia Chamber organizes a workshop on "reducing costs in the retail sector"
Asharqia Chamber, represented by the Small and Medium Enterprises Center, organized today, Monday, August 9, 2021, a workshop, during which a specialist in business administration reviewed the topic of "reducing costs in the retail sector".
The specialist Thaer Al-Asir - the workshop presenter - said that managing retail trade costs a lot of money, and although it is not possible to eliminate operating costs, there are actually some easy ways to reduce and control them, as it can be started to reduce them by implementing some changes Simple in the day-to-day operations of your business, which can be applied to control and reduce the hidden costs of your retail business.
Al-Asir said that several steps must be followed, most notably: Knowing your main cost and calculating it monthly, and the main cost is actually the first measure of the project’s financial health, which includes all the expenses that are paid for day after day and that keep your project running, which means Products or consumables and the manpower needed to keep you competitive.
On the subject of cost control, Al-Assir said that it is the practice of identifying and reducing business expenses to increase profits, and it begins with the process of preparing the budget, and the business owner must compare the actual financial results of the company with the budgeted expectations, and if the actual costs are higher than planned, the management has The information you need to take action, as a company can get quotations from different sellers offering the same product or service, which can lead to lower costs, pointing out that cost control is an important factor in maintaining and growing profitability.
Al-Asir referred to the inventory process, stressing the importance of educating employees on the importance of inventorying and how to do that. Maintain the optimum level of stock and identify deficiencies related to materials, and prevent the expiration or expiration of the shelf life of products.
In the workshop, the captive addressed the importance of automating daily tasks, and also reducing expenses by outsourcing some services, as they may end up being cheaper than doing them in-house.
Asharqia Chamber organized a meeting to introduce the model of strategic partnership institutes
05/08/2021
Asharqia Chamber organized a meeting to introduce the model of strategic partnership institutes
Asharqia Chamber, represented by the Training and Education Committee, organized a meeting aimed at introducing the model of strategic partnerships institutes, in which officials at the National Center, the National Center for Strategic Partnerships, explained that this model revolves around the participation of the private sector in developing and monitoring the training process in strategic partnerships institutes and academies.
The meeting, which was held on Wednesday, August 4, 2021, in which Eng. Nayef Al-Matrafi, Director of the Partnerships Development Department at the Center, and Muhammad Al-Shuaibi, Director of the Follow-up Department at the Center, and moderated by the Vice Chairman of the Committee Abdullah Al-Ghamdi, spoke that this type of training is based on the participation of the private sector through identifying skills The required development of training curricula and quality methods and participation in the selection of the training service provider, while the Technical and Vocational Training Corporation provides the training infrastructure, and the Human Resources Development Fund “Hadaf” contributes to covering the costs of the training process, as all trainees in institutes are employed by partners from the sector private and registered with the General Organization for Social Insurance from the first day of training, as well as joining them to work immediately after graduating from the institute.
The meeting reviewed the center's objectives, which are to support technology transfer programs in general and modern training techniques in particular, work to localize technical and professional jobs in the private sector, and work to increase the contribution of the private sector through training Saudi cadres in qualitative and multiple disciplines, and increase and enhance the quality of technical and vocational training in The labor market by participating in attracting and disseminating global expertise in technical training, where partnership institutes provide Saudi youth with beginner employment training on qualitative specializations to meet the needs of strategic partners in different sectors of qualified technicians.
The meeting mentioned the targeted sectors, including food industries, tourism, hospitality, entertainment, mining, oil and gas, defense, military industries, industrial security, social services, and many other disciplines.
The meeting talked about the strategic directions of the National Center for Strategic Companies, the most important of which are: Increasing the percentage of qualifying young Saudi women in technical and vocational specializations and contributing more to reducing unemployment rates in the Kingdom by dedicating the principle of entry-level employment with training and matching with the demand in the Saudi labor market by providing Saudi cadres. Qualified people who contribute to building the country, increasing the contribution of the private sector in the training and education process, ensuring the quality of training and thus the quality of outputs, attracting the private sector, and ensuring the continuity and sustainability of strategic partnership institutes.
Institute of Management: Organizing a round table meeting for administrative leaders in the Eastern Province before the end of the year
04/08/2021
Institute of Management: Organizing a round table meeting for administrative leaders in the Eastern Province before the end of the year
The Director-General of the Institute of Public Administration in the Eastern Province, Dr. Muhammad bin Saleh Al-Bukhaiti stressed the importance of establishing and activating partnerships with the private sector to enhance aspects of cooperation to support the training and practical process following the Institute’s work plan.
Al-Bukhaiti said, who reviewed the most important programs of the institute during the next two months during the monthly meeting of the business sector, which was held by the Asharqia Chamber on Tuesday evening, August 3, 2021, and the administration of the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabil, where he referred to the most prominent programs of the Institute for leadership training at the level of the eastern region, where the program targets Training the leaders of the government, private and third sectors, explaining that the institute is full of training competencies and available capabilities that everyone can benefit from, pointing to more communication with the beneficiaries of the institute's services during the coming period.
Al-Bukhaiti stated that the institute aims to raise the efficiency of employees and prepare them scientifically to assume their responsibilities and exercise their powers in a manner that ensures upgrading the level of administration and supports the rules for the development of the national economy, in addition to supporting administrative reform and development efforts, providing advice in the administrative areas presented by ministries and other government agencies, and enriching administrative thought. By authoring and conducting research and administrative studies and translating distinguished scientific works related to administrative development, the Institute also provides many diverse services in several fields, including Research and studies aimed at encouraging and supporting scientific research and creating the appropriate environment to activate its activity in the Institute, which contributes to the diagnosis and analysis of Addressing administrative problems and disseminating administrative thought, by conducting research and studies, writing books, scientific translation, implementing conferences and seminars, and preparing reports on administrative development in the Kingdom.
Al-Bukhaiti pointed out that the institute’s training programs witness active and distinguished participation, as the Enrichment Program, which is held remotely, recorded the training of 344,867 trainees of both sexes, and the participation of 55,026 trainees of both sexes in electronic conferences, and the Leadership Development Academy witnessed the participation of 2,485 trainees in the practical sessions.
With regard to the training programs between Al-Bakhiti, the institute's programs witnessed a distinguished interaction, as 84,675 thousand trainees of both sexes participated in the training programs, and 2,145 trainees in the preparatory programs.
Speaking about the most important future jobs, Al-Bakhiti said that according to studies, less than 5 percent of jobs can be fully automated, and 60 percent of jobs can complete a third of their tasks, pointing out that future jobs depend on skill and knowledge, not experience.
Asharqia Chamber Employment Center contributes to providing 1219 jobs for both sexes during the second quarter of 2021
03/08/2021
Asharqia Chamber Employment Center contributes to providing 1219 jobs for both sexes during the second quarter of 2021
Asharqia Chamber, represented by the Chamber’s Employment Center, achieved during the second quarter of this year 2021 several achievements in terms of supporting Emiratisation in the private sector, by playing the role of mediator between job applicants from qualified national competencies and establishments and establishments benefiting from this service.
The report issued by the center for the period (from April 1 to June 30, 2021) stated that the center, through its website and through the employment meetings that it has been holding in different periods, offered 1219 various jobs, as the center organized 7 job interviews in separate periods that took place according to the requests of companies. and the beneficiary institutions, and through these two channels, 970 male and female job seekers were employed, either from the jobs displayed on the site or by searching in CVs.
The report also indicated that the number of job seekers registered on the center’s website during this period amounted to 10,029 male and female job seekers, of various qualifications and specializations, while the number of establishments that announced job opportunities on the site reached 54 establishments, where the center provided all the information What is required about job seekers through employment meetings held in the chamber or through direct interaction with the website and then communicate with job seekers according to specialization.
For this part, The Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi said that these achievements are one of several activities carried out by the Chamber to support our national options in localizing jobs, as our orientations intersect with all governmental and civil agencies to attract the talents that the Kingdom abounds in, and provide available work areas. It has the right to serve this generous country, raise its status, and enhance its position on the global economic map, as we all look forward to having all our achievements and projects with national ideas and hands, supported by national and foreign investments, and this is what the Kingdom’s Vision 2030 confirmed.
The Ministry of Tourism reviews attracting investment in the Eastern Chamber branch in Jubail Governorate
01/08/2021
The Ministry of Tourism reviews attracting investment in the Eastern Chamber branch in Jubail Governorate
Yesterday, Sunday, August 1, 2021, the Asharqia Chamber represented by the Business Council in its branch in Jubail, hosted the Director of Investor Relations at the Ministry of Tourism, Abdul Majeed Abdulmohsen Al-Nasser, who reviewed the most important changes in the tourism sector in line with the Kingdom’s vision 2030, in addition to the most prominent facilities provided to investors in the sector following the National Tourism Strategy.
During the meeting, which was moderated by Council Chairman Mubarak Al-Mishal and attended by several investors, Nasser said that tourism is one of the most growing economic sectors in the world, and contributes to creating job opportunities, growth, and economic diversification, and thus is an essential part of the Kingdom's vision, and this includes attracting 100 million visitors annually. By 2030, increasing the contribution of tourism to the GDP to 10 percent, and creating one million jobs in the tourism sector.
Al-Nasser stressed that Jubail Industrial City comes within the ministry’s strategy to present it as an important destination for its long industrial history, the beauty of its waterfront, and its position in the region as an industrial destination and the number of its visitors, for there to be harmonization between the industrial and tourism destination until a complete system for the city is built.
Al-Nasser indicated in this regard that the Investment Attracting Agency at the Ministry of Tourism is keen to support investors, develop a strategy to attract them, communicate with them, work to implement the general strategy for the development of national tourism, facilitate communication between investors and the ministry, provide all necessary support to investors, follow up with them and enable them to obtain all technical information about Tourism investment opportunities, and the continuous development of investment incentives in the tourism sector in coordination with the relevant authorities, discussing ways to provide them and encouraging and motivating local and foreign investors to enter the tourism sector and invest in it.
Al-Nasser concluded that the private sector is the basis for tourism development and the development of the local tourism system. We are working with investors to fill the voids in the tourism market, and this meeting is an extension of previous meetings held by the Investment Attraction Agency and will continue with investors in Jubail in particular and the eastern region in general.
"Zakat, Tax and Customs": Applying electronic billing to commercial establishments next December
12/07/2021
"Zakat, Tax and Customs": Applying electronic billing to commercial establishments next December
The Zakat, Tax and Customs Authority will launch the first phase of the electronic billing project (invoice) compulsorily on commercial establishments, on the fourth of next December, as electronic invoicing aims to achieve economic goals that support competition and consumer protection, and link all transactions with the authority’s systems automatically.
The director of the technical path for the electronic billing project (Invoice) at the Authority, Abdullah bin Ahmed Al-Madani, explained during a workshop organized by the Asharqia Chamber represented by the Commercial Committee on Monday, July 12, 2021, entitled “Electronic billing for service providers and developers of technical systems” that electronic billing is a procedure aimed at transforming the process of issuing electronic bills. And paper notices into an electronic process that allows the exchange of invoices and debt notices and their processing in an organized electronic format between the seller and the buyer in an integrated electronic format, and the electronic invoice is saved in an electronic form organized through an electronic system, and it contains all the requirements of the tax invoice, according to an electronic system compatible with the Authority’s systems, where Al-Madani confirmed During the workshop, the handwritten, scanned, or non-compliant invoices with the regulations and requirements of the authority are not electronic invoices.
During the workshop, which was moderated by committee member Fahd bin Saeed Al-Suhaim, Al-Madani said that the authority approved the electronic billing project (invoice) due to the presence of several benefits, most notably enhancing the atmosphere of fair competition and consumer protection by providing a unified mechanism for documenting and auditing invoices, fighting the hidden economy, and reducing Commercial cover-up by increasing requirements related to invoice tracking and data retention, and increasing compliance with tax obligations through enhanced verification of commercial transactions.
Al-Madani indicated that this transformation will be in stages, starting from the fourth of December 2020, with the issuance of the electronic billing regulation, followed by the issuance of the controls, requirements, technical specifications, and procedural rules necessary to implement the provisions of the electronic billing regulation on May 28, 2021. Al-Madani indicated that the application of electronic billing will be done in two phases, the first phase of issuance and preservation, which will be obligatory starting from the fourth of December 2021 AD. The second phase, which is known as the linking and integration phase, will be implemented in a phased manner starting from January 1, 2023. The authority will determine the stages of linking the electronic billing systems and notify the target groups in each stage at least six months before the date set for linking.
Al-Madani concluded the workshop by emphasizing that electronic invoicing (invoice) will be binding on any VAT-registered establishment (except for non-resident establishments) because it is part of the VAT executive regulations.
Asharqia Chamber in its new issue of "Al-Iqtisad" magazine: The Saudi economy is heading towards an active awakening
12/07/2021
It dealt with the developments of the national economy in various sectors
Asharqia Chamber in its new issue of “Al-Iqtisad ” magazine: The Saudi economy is heading towards an active awakening
Asharqia Chamber recently issued its issue No. (581/582) of its "Al-Iqtisad" magazine, which it launches monthly, to shed light on the developments of the national economy and monitor its growth rates at the local and global levels.
In its new issue (May/June 2021), the magazine dealt with monitoring and analysis of many topics related to the national economy, most notably the privatization program, which it ranked (the largest privatization program in the Middle East) and saw it as a defining moment in the national economy as it approached vital sectors with a direct impact on the Saudi citizen.
The magazine investigated the most prominent views of international economic institutions and references on the Saudi economy and its ability to recover from the repercussions of the Corona pandemic and concluded that in light of the balancing policies pursued by the Saudi government following the vision and its objectives, the rise of global production operations at a high pace accompanied by a similar rise in oil prices, and an increase in government revenues It has not been achieved before, that the Saudi economy is running towards an active awakening from the effects of the pandemic, stressing that the professional governance approach followed by the Saudi government made it ahead of the countries of the world in several global indicators in government performance and entrepreneurship, and it shows a tangible improvement during the current year 2021 and another expected in the following year.
In the context of the pandemic and its repercussions on the national economy, the magazine monitored about (9) local economic activities that achieved upward growth and high profits, as well as recorded a record jump in their performance despite the restrictive measures imposed by the pandemic, such as the activities of delivery applications that recorded an increase of 250% and the activity of points operations Selling by 69% and the medical sector, which increased by 25%, in addition to the increase in the number of registered electronic stores, which increased by 170%.
The new issue contained a set of various topics about the space industry and the interest that the Kingdom attaches to this sector, and Saudi initiatives on protecting the earth and nature and what they target and advance in terms of treatments towards the global climate, as well as their review by monitoring and analysis of the factors supporting the growth of the health sector in the future, as well as the sports sector, which She confirmed that many major investment opportunities are ahead of us.
The magazine included coverage of the most prominent events and events related to investment in the Eastern Province and the future of the business sector in it, which recorded between 2019-2020, a growth of more than 11%. The new issue also included many surveys, circulars, articles, and various economic and commercial investigations.
Asharqia Chamber organized a lecture entitled "How to improve the quality of my life"
11/07/2021
Asharqia Chamber organized a lecture entitled "How to improve the quality of my life"
Asharqia Chamber, represented by the Women Empowerment Center, organized a lecture entitled "How can I improve the quality of my life" that discussed several axes, most notably: the sources of tension and the signs that indicate its existence.
The certified trainer in self-development, Maryam Al-Khawaja, presented the lecture remotely on Sunday, July 11, 2021, where she talked about the difference between anxiety, tension, and stress, as she defined anxiety as a feeling of discomfort and discomfort because of something that may happen in the future, and stress is a natural response of the body as a result of external influences. Or internal has already occurred, and finally, I explained stress as an external or internal influence that causes tension to its owner.
Al-Khawaja said that when we understand that stress is only a natural reaction of the body, it occurs when exposed to an external or internal factor, it is classified as a threat, so we must consider that this tension is only a signal from the body reminding us that we must take care of ourselves before we Symptoms of stress increase that may lead to illness or a complete collapse of our bodies, and hence our dealing with stress depends on our internal capacity, as each of us has a different internal capacity to withstand stress, given that we are exposed daily to different types of pressures that may exceed our capacity for endurance, and we may not be able to We can change our tolerance for life's stresses, but we can reduce these pressures by learning new ways to deal with stress so that we can reduce its impact.
The lecture concluded with the recommended practical ways to get rid of stress, including allocating time to relax and practicing deep breathing, exercising, and showing flexibility and psychological capacity, in addition to clearing the mind and focusing before doing the task that causes stress.
The Chairman of Asharqia Chamber: We cherish the Sultan of Oman's visit to the Kingdom, and we look forward to a greater partnership between the private sector in the two brotherly countries
11/07/2021
The Chairman of Asharqia Chamber: We cherish the Sultan of Oman's visit to the Kingdom, and we look forward to a greater partnership between the private sector in the two brotherly countries
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, stressed the importance of the visit of the Sultanate of Oman, sister Haitham bin Tariq Al Said, to the Kingdom on Sunday, June 11, 2021 AD, and its role in strengthening and documenting the strong and historically well-established fraternal relations between the leaderships of the two countries, saying: It comes as an expansion of the horizons of cooperation. And ways to develop it at all levels and in various fields between the two brotherly countries.
Al-Khalidi pointed to the historical depth of the Saudi-Omani relations, the intimate atmosphere, and good neighborliness, as the two brotherly countries have qualitative relations that have been strengthened by blood ties, heritage, a common destiny, and the presence of a wise political will in both countries that pursue unified and clear policies and visions on all issues and topics facing the region.
Al-Khalidi pointed out that the keenness and tireless pursuit of the leadership of the two countries - may God protect them - towards strengthening relations between the two brotherly countries at all levels, was one of the main capabilities that helped a lot in developing economic and trade relations between the two countries, expecting that the coming periods will witness more investment opportunities and cooperation. And the economic integration between the two countries in many sectors and economic activities, pointing to the steady growth of the volume of trade exchange between the two countries, which in 2020 amounted to about $3.36 billion, while the volume of the Kingdom’s exports to the Sultanate amounted to about $1.16 billion.
Al-Khalidi said that with this visit - which we are very proud of as a business sector - we are looking forward to a greater partnership between the private sector in the two brotherly countries, as the prepared conditions supported by the factors of history, geography, destiny, and common visions make the horizon unlimited for cooperation between the Kingdom and the brothers in the Sultanate of Oman.
Monsha’at: The Corona pandemic constituted large sales of electronic commerce with more than 22 billion Saudis
07/07/2021
Monsha’at: The Corona pandemic constituted large sales of electronic commerce with more than 22 billion Saudis
Saud bin Hussein, the first e-commerce specialist at the General Authority for Small and Medium Enterprises, revealed several stimuli that support development trends in the e-commerce environment in the Kingdom, including the development of regulations and legislation, improving infrastructure and support services, and the development and growth of small economies.
Bin Hussein said during a workshop organized by the Asharqia Chamber represented by the Small and Medium Enterprises Center entitled: E-commerce support services and ways to benefit from them, Wednesday, July 7, 2021, that the e-commerce sector is characterized by its stimulating methods that lead to understanding the local consumer and continuing to work on the development of electronic payments, given that Electronic commerce explains the mechanism for the exchange of goods and services between independent organizations and people supported by the comprehensive use of robust ICT systems and globally standard network infrastructure.
Bin Hussein explained that the development of the sector aims to support and stimulate e-commerce activities, enhance the ease of doing business in it, raise the contribution of e-commerce to the national economy, enhance the sector’s reliability, and support the sustainability of development and growth in it, pointing to indicators of compatibility with the Kingdom’s vision 2030 in terms of enhancing diversity. It also aims to raise the proportion of electronic commerce from the total retail trade by creating an environment that attracts investment and job opportunities in new fields, supporting the growth of small and medium enterprises and promoting innovation and entrepreneurship, which will achieve an increase of about 47,000 in the number of establishments, and an increase of about 237,000 indirect jobs created. 4 percent to 15 percent, and raising the proportion of local content from the total e-commerce from 4 percent to 30 percent, in addition to increasing the proportion of small and medium-sized enterprises benefiting from electronic services from 5 percent to 12 percent.
Bin Hussein pointed out that the Corona pandemic constituted a major boost to electronic commerce, as sales witnessed a 22 percent increase (from 18.38 to 22.88 billion Saudis), and the number of users increased by 6 percent (from 19.8 million to 21 million users), and the market witnessed E-commerce increased by 46 percent (from 28.13 to 41.25 billion riyals in Saudi Arabia and the UAE before and after the ban).
Asharqia Chamber concludes a workshop entitled "Rehabilitation and Activation of the Role of Women in Corporate Boards of Directors"
07/07/2021
In cooperation with SABIC represented by its national initiative “Nusaned”
Asharqia Chamber concludes a workshop entitled "Rehabilitation and Activation of the Role of Women in Corporate Boards of Directors"
Asharqia Chamber, represented by the Women Empowerment Center, in cooperation with SABIC, represented by its national initiative, We Support, concluded on Monday, July 5, 2021, a workshop entitled “Qualifying and activating the role of women in corporate boards.”
The participants in the workshop discussed - one of the initiatives of the Executive Council for Business Women in the Chamber - which was held over two days within the program of Princess Mashael bint Faisal - may God have mercy on her - to empower women in leadership and entrepreneurship to develop leadership skills and develop them to create a generation of empowered women leaders, in addition to empowering Trainees in different sectors of cooperation and solving the challenges they face.
The workshop, which was presented by trainers from the GCC BDI, aims to gain female trainees a greater understanding of the roles of the manager, improve the performance of the board of directors and make decisions, enhance women's opportunities for appointment to the board and identifies the challenges that women can face and develop solutions on how to overcome them. The workshop also discussed several axes, most notably: the formation of the board of directors and the importance of having women on the board, challenges, corporate governance (the latest and best practices), the duties and responsibilities of board members, the handover of roles in the board of directors, the structure of the board of directors, processes and protocols.
For her part, a member of the Board of Directors of the Asharqia Chamber, Nouf bint Abdulaziz Al-Turki said that the Kingdom is making great strides today towards empowering women at various levels, within a clear roadmap embodied in the 2030 vision. It paved the way for her with many decisions and measures that motivated her to actively participate in her country's march towards a more diversified economy.
Al-Turki explained that in light of what has been achieved for Saudi women and what has been achieved today to strengthen their role and consolidate their presence further in the national economy, and despite the increasing effectiveness of the leadership role of women in the Saudi society and economy and their access to membership in many boards of directors of companies in the Kingdom, they still need a greater understanding The roles of the director, the mechanisms for improving the performance of the boards of directors, how to make decisions, and ways to enhance their opportunities in the boards of directors, as well as the knowledge of the challenges that can be faced and the development of appropriate solutions to overcome them.
For his part, the Executive Vice President for Engineering Affairs and Project Management at SABIC, Eng. Ahmed Al-Sheikh, affirmed the company’s support for the role and empowerment of women, whether at the company level or the local level, stressing the availability of the most important skills that board members must possess, including the need to understand financial matters and how to Investment, in addition to strategic thinking, environmental, social and corporate governance standards, and relationship building. He pointed out the importance of the members of the boards of directors being familiar with corporate culture, regulations, diversity, regulations, and rules governing them.
Asharqia Chamber hosts Al-Birr Association in the monthly meeting of businesswomen
07/07/2021
Asharqia Chamber hosts Al-Birr Association in the monthly meeting of businesswomen
Asharqia Chamber organized a monthly meeting for businesswomen on Tuesday, in which it hosted the director of the women’s branch of the Al-Birr Association in Dammam, Najla Al-Khalidi, and the director of the women’s branch in Al-Khobar, Eida Al-Shehri, where they reviewed the programs and activities of the association directed to the beneficiaries.
The two guests emphasized the excellence of the business sector in the eastern region and its keenness to support the Society's projects, put forward development ideas for its work, and participate in many programs and activities implemented by the Al Ber Society.
The meeting, which was held on Tuesday evening, July 6, 2021, reviewed the association's strategic objectives, including ensuring the adoption of innovative solutions to promote sustainable development for the neediest groups, supporting the building of productive capacities for needy families, achieving financial sustainability and building strategic partnerships.
The meeting indicated that the total support provided to families for the fiscal year 2020 amounted to more than 100 million riyals, provided to more than 50,000 families, and included various projects such as development, education, and health initiatives, and 32 families from the eastern region benefited from development housing projects.
The meeting reviewed several partnerships, as a result of which 131 job opportunities were provided in 51 companies, from which 11 people of both sexes were employed.
Al-Mutairi reviews the agricultural activities that the Fund contributed to financing and the various areas of lending
07/07/2021
During Tuesday's meeting in the Asharqia Chamber
Al-Mutairi reviews the agricultural activities that the Fund contributed to financing and the various areas of lending
The Director-General of the Agricultural Development Fund in the region, Eng. Saud bin Saleh Al-Mutairi, reviewed the agricultural activities that the Fund contributed to financing during the monthly meeting of businessmen organized by the Asharqia Chamber on Tuesday evening, July 6, 2021, and managed by the Chamber’s Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, that the fund is a government credit institution. Specialized in financing various fields of agricultural activity in all regions of the Kingdom, to help develop the agricultural sector and raise its productive efficiency using the best modern scientific and technical methods, by providing its credit services to achieve the strategic agricultural and water goals of the Kingdom, noting that the Fund aims to contribute to achieving security Food through financing local production and supply chains, raising the percentage of local content, developing marketing and agricultural services, financing the agricultural sector to support sustainable agricultural rural development, crop composition according to the comparative advantage of regions, developing and improving customer experience and providing the best means of financing and services, in addition to encouraging the use of technologies and modern practices to conserve natural resources, and Sensing agricultural productivity through distinguished partnerships with cooperative societies, the private sector and research centers, and ensuring financial sustainability by improving operational efficiency and liquidity management within a sound risk policy, pointing out to the agricultural activities financed by the Fund of two types: Specialized projects, which are the loans in which they are invested. Economic resources to build productive structures and contribute directly to the food security of the Kingdom, and development loans, which are loans provided to finance agricultural fields for rural development for small farmers.
Regarding the Fund's contribution to rural development, Al-Mutairi said that the Fund contributed to financing rural development by providing medium and short-term loans to owners of small farms in line with the rural development program contained in the Supreme Resolution No. Relative to regions, which includes support for small farmers, fishermen, and livestock breeders.
The Public Transport Authority, in cooperation with the Ministry of Commerce, stresses the importance of taking advantage of the corrective period for violators of the commercial cover-up system
07/07/2021
The Public Transport Authority, in cooperation with the Ministry of Commerce, stresses the importance of taking advantage of the corrective period for violators of the commercial cover-up system
As part of the joint efforts of the concerned authorities to combat commercial cover-up, the Asharqia Chamber, in cooperation with the Public Authority for Transport, the Ministry of Commerce, the Ministry of Investment, and the National Program to Combat Commercial Cover-up hosted a video-contact workshop, which was attended by representatives of relevant government agencies and stakeholders from the private sector, establishments, and individuals.
At the beginning of the workshop, Mr. Ibrahim Al-Mudaihim, Director General of Land Transport Development at the Public Transport Authority, explained that the authority, in terms of its regulatory and legislative role for transport activities in the Kingdom, stresses the importance of the corrective period for violators of the cover-up system in the transport sector, and calls for the importance of benefiting from it for those who have not initiated correction and treatment so far. Meanwhile, the Undersecretary of the Ministry of Commerce for Customer Service and Branches and the head of the corrective period for violators of the anti-commercial cover-up system, Eng. Ayed Al-Ghwaim stressed the importance of taking advantage of this period for all violators, as it provides them with better options for commercial activity in the Kingdom with better specifications, in an orderly manner away from any punitive measures.
This came during a workshop organized remotely by the Asharqia Chamber and moderated by the head of the Chamber’s Logistics Committee, Rakan Al-Otaishan. He explained that cover-up is a process of agreement or arrangement, through which a Saudi person enables another non-Saudi to engage in an unlicensed economic activity in the Kingdom. He may exercise it, using the license or approval issued to the concealed one, as this violates the regulations, including the anti-cover-up system, and the concerned government agencies represented by the Ministry of Commerce and the Ministry of Interior, in coordination with: A period of time to correct the situation of violators, which ends on August 21 next.
He said that the corrective period includes the two parties (the covert and the hidden), i.e. the Saudi and the non-Saudi, alone or both, as by entering into the process he gets an exemption from the penalties prescribed in the anti-covering system, the penalties for violating it, and the retroactive income tax payment. And then obtaining the legal licenses for investment, and enjoying all the rights stipulated in the relevant regulations, including the right of residence and movement, and then being able to conduct commercial activity regularly.
He added that there are options available to those wishing to correct the process, including the partnership in the facility between the two parties (Saudi and non-Saudi), or the introduction of a partner and continuation in the facility, or obtaining a privileged residence with its advantages, or disposing of the facility (transfer or dissolution of the facility). , or final exit and review the mechanism for correcting the situation represented in the request from the Ministry of Commerce through its website and providing the requirements, where the request is checked, the data is reviewed, and the selected option is selected in the correction process.
After the workshop, he concluded that several options are available to non-Saudi investors to work in the Saudi market that is better than covering up that violates the regulations, including obtaining a privileged residence that provides the opportunity to engage in commercial activity under the foreign investment system with advantages, including permanent residence with the family, and owning a property.
Asharqia Chamber reviews the services of the Social Development Bank for entrepreneurs in Jubail
06/07/2021
Asharqia Chamber reviews the services of the Social Development Bank for entrepreneurs in Jubail
The Executive Director of Enterprise Finance at the Social Development Bank, Ahmed bin Ali Al-Zahrani, said that the bank aims to provide financial and non-financial services and targeted and effective savings programs supported by qualified human cadres to contribute to social development and build companies with multiple sectors.
Al-Zahrani said during a meeting organized by the Asharqia Chamber represented by the Jubail Business Council on Monday, July 5, 2021, entitled "Services Provided to Entrepreneurs" and moderated by the Chairman of the Council Mubarak bin Abdullah Al-Mishal, that the bank provides, through the means of support, many products, the most important of which is the emerging product through partner agencies, which The ceiling of its financing reaches 300,000 riyals, and the product largely targets the retail and service sectors. The bank also targets the segment of micro and emerging enterprises through the Excellence product, whose financing ceiling reaches 4 million riyals. It targets distinguished projects in the sectors of industry and quality of life in addition to the medical and medical sectors. Logistics Provided that the applicant has good qualifications and experience that supports his request for this product.
Al-Zahrani explained that the bank offers another product under the name of "Ofok", a product that is concerned with supporting existing enterprises and provides financing of up to 10 million riyals for the small enterprise's sector.
Al-Zahrani said that the bank aims to spread financial awareness and promote a culture of self-employment among all segments of society and play the role of complementary coordinator for the care of the micro and small enterprises sector. Between training, consulting, and guidance, to improve the performance of these establishments and develop them to meet the challenges of understanding the market, the regulatory environment, how to manage a business, access to the market, competition, and prevention of stumbling.
Asharqia Chamber organizes a program entitled: Investment Methodology in Franchising
01/07/2021
Asharqia Chamber organizes a program entitled: Investment Methodology in Franchising
A program organized by the Asharqia Chamber represented by the Women's Empowerment Center in cooperation with the Social Development Bank in the Eastern Province, entitled: Investment Methodology in Commercial Franchise, discussed the most prominent patterns of the commercial franchise and its advantages, in addition to its benefits for the investor.
The director of the women's branch in the bank's branch in the Eastern Province, Fawzia Al-Qahtani, spoke during the program, which was held on the evening of Wednesday, June 30, 2021, saying that the commercial franchise is a partnership between the franchisor and the franchisor, where the first gives the right to the second to conduct business for his own account, in connection with the trademark or trade name owned by the grantor excellence this includes providing technical expertise and knowledge.
Al-Qahtani said that the value of the franchise market in the Kingdom amounts to more than one billion dollars, and the growth rate of the local franchise ranges between 10-12 percent annually, noting that more than 300 foreign companies in the Kingdom have commercial franchises, pointing out that franchising is a global investment trend. A franchise unit opens every 8 minutes in the world, and 37 percent of the activities are related to food, noting that more than 785,000 units in the United States of America operate under the franchise system, employing more than 9 million American employees in franchising activities.
Al-Qahtani indicated that the Development Bank is launching a commercial franchise program to support the national economy and serve the qualified people of the country by offering several investment opportunities that enjoy high profitability rates and low-risk ratios and making them available to them by attracting projects that prove their success, in addition to concluding commercial franchising agreements. For those wishing to benefit from the bank's services, especially the targeted segments of the bank's support.
Al-Qahtani indicated that the bank offers several advantages through the program, most notably: the amount of financing is up to 4 million riyals, with a grace period of up to 24 months. The program also provides a follow-up service for projects during the establishment and operation stages and addresses the challenges facing the beneficiaries, in addition to providing training programs Specialized in business basics, and workshops aimed at upgrading their businesses and making them more efficient and competitive, as well as providing technical, financial and marketing advice to beneficiaries through specialized consultants.
A workshop reviewing the "Hadaf" academy program for leadership at the Asharqia Chamber branch in Jubail
30/06/2021
A workshop reviewing the "Hadaf" academy program for leadership at the Asharqia Chamber branch in Jubail
A workshop organized by the Asharqia Chamber, represented by the Business Council in the Chamber’s branch in Jubail, reviewed the Hadaf Academy program for leadership and its strategic objectives in achieving qualitative resettlement in line with the objectives of the Kingdom’s Vision 2030.
Dr. Fahd bin Muhammad Al-Shahrani, Director General of the General Administration of Academies, spoke during the remote workshop, which was held on Wednesday morning, June 30, 2021, that the fund aims to establish a goal leadership academy to develop future leaders from employees of the private sector establishments in the Kingdom in support and confirmation to achieve the Kingdom’s vision 2030 and qualitative Emiratisation Distinguished leaders characterized by the ability to creative planning and innovation.
During the workshop, which was moderated by Mubarak bin Abdullah Al-Mishal, head of the Business Council in the Chamber’s branch in Jubail, Dr. Al-Shahrani explained that the academy aims to provide participants with many information, techniques, and competencies necessary for the current labor market requirements and achieve optimal human investment for national institutions, pointing to the Academy’s reliance on the transfer of global expertise and activation Effective and influential leadership principles through many cases and practical projects, transfer of best practices globally, guidance, follow-up, and simulation directly or through virtual rooms with distinguished experts globally.
Al-Shahrani said that this approach helps greatly in creating effective leaders who have the ability to move companies towards excellence and competition in the Saudi labor market. He stressed the Academy's endeavor, through the leadership program, to support and enhance lifelong learning opportunities, strategic thinking, and planning, solving problems and challenges, activating guidance and supervision skills, heading towards a knowledge economy, and achieving technical and administrative excellence.
Asharqia Chamber: The national strategy for transport and logistics establishes an integrated and comprehensive industry of logistics services
30/06/2021
Asharqia Chamber: The national strategy for transport and logistics establishes an integrated and comprehensive industry of logistics services
The Chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, praised the launch of the National Strategy for Transport and Logistics, which was announced yesterday, Tuesday, June 29, 2021 AD by Crown Prince Mohammed bin Salman - may God protect him - saying: (It establishes an integrated and comprehensive industry of logistics services. ), and considered it a realistic embodiment of one of the most important pillars of the 2030 vision, that the Kingdom will be a distinguished global logistics platform linking three of the world's continents, stressing that it represents a strong impetus to upgrade various services and means of transportation, as well as enhancing integration paths between all logistics services and achieving their sustainability.
Al-Khalidi said that the strategy included in the strategy, whether development projects related to infrastructure or new projects such as the railway link between the Arab Gulf states, opens broad prospects for the private sector to partner in these projects, and also represents a qualitative leap in the paths of promoting the logistic sector in the Kingdom, which - without doubt - it will be reflected in improving the quality of life in all regions and cities of the Kingdom, congratulating the wise leadership - may God protect him - on the launch of the strategy, which came in response to an ambitious vision that realized the importance of the Kingdom's geographical location on the world map, and the ingredients it possesses that push it to be a global logistical platform He stressed that this strategy embodies the leadership's interest in major projects that contribute to achieving the vision and its objectives by diversifying the economic base and for the Kingdom to be the best logistical hub in the world.
For his part, a member of the Board of Directors of the Asharqia Chamber, Bandar bin Rafea Al-Jabri, considered the launch of the national strategy for transport and logistics an important step towards strengthening the strategic location of the Kingdom as a global logistics center, as well as achieving integration between government sectors and the private sector, pointing out that it will reflect positively on the private sector. By providing large and diversified investment opportunities, as well as to the national workforce by opening many job opportunities.
Al-Jabri stressed that logistics is the backbone of trade and its axis and that in light of the rising global demand for logistics services, especially in the region, the opportunity is ripe for the Kingdom, with its qualifications and ambitious visions, to be the most attractive platform, extending his thanks and appreciation to the rational leadership and all the driving parties. Towards upgrading the logistics sector in the Kingdom.
For his part, Chairman of the Logistics Committee at Asharqia Chamber, Rakan Al-Otaishan, stressed that the new strategy represents a model for huge national projects that raise the Kingdom’s competitiveness and place it in the ranks of the most effective countries in the global trade movement, with its contents and availability of projects and solutions for investors based on a strategic location. Distinctive in the middle of the world.
Al-Otaishan congratulated all investors on the great developments witnessed by the logistics sector, which culminated in the approval of the National Strategy for Transport and Logistics Services, which will make the Kingdom a global logistics center worthy of the Kingdom’s standing in the world. With the visions of the private sector from the pioneers of the logistics business, to become a reality that we are touching day after day.
Sadara Chemicals: Price preference in the financial evaluation of a product made in Saudi Arabia
28/06/2021
Sadara Chemicals: Price preference in the financial evaluation of a product made in Saudi Arabia
The Vice President for Business and Services Affairs at Sadara Chemical Company, Dr. Abdullah bin Ali Al-Ahmari, reviewed the company's experience with programs to activate local content and its impact on the national economy.
Al-Ahmari said during a meeting organized by the Asharqia Chamber represented by the Jubail Business Council on Monday, June 28, 2021, and moderated by the Chairman of the Council, Mubarak bin Abdullah Al-Mishal, that Sadara Company has been cooperating with the Local Content Authority since 2018, intending to share spending data at the company level and express opinions and experiences in content measurement mechanisms He pointed out that Sadara is working to educate contractors and companies retired with it to clarify the concept of local content and emphasize the importance of auditing its levels to enable the authority to measure accurate indicators at the national level.
Al-Ahmari explained that the criteria for measuring local content are the actual value contributed to the national economy, and this is reflected in salaries in the Kingdom, spending on goods and services, spending on developing suppliers and training Saudis, as well as the consumer value of assets in the Kingdom, pointing out that local content will be one of the main elements. In procurement processes and awarding contracts in Sadara Company, where the company aims to support Saudi factories and achieve the goals of the “Made in Saudi” program, which was launched in March 2021, so the product made in Saudi Arabia will have a price preference in the financial evaluation, revealing that the company spent 81 percent of the value of the goods and services in the local market during the past five years (2016-2020).
A specialist confirms the priority of training on establishing facilities and launching operations
27/06/2021
During a meeting on the occasion of the International Day of Small and Medium Enterprises:
A specialist confirms the priority of training on establishing facilities and launching operations
An expert in marketing and strategic planning, trainer Abdullah Al-Saad (Master in Marketing Psychology), explained that the success of entrepreneurs is through the most important sequence in the success of projects, which is "training, establishment, and operations)... stressing the importance of partnerships in all three steps.
This came during a meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Center (remotely) on Sunday 27 June 2021 on the occasion of the International Day for Small and Medium Enterprises. He said that starting training before establishment is the safest way to achieve success in projects, and this is not done through academic and theoretical study. Not only, but this kind of training should be done from the field. Stressing that few large institutions provide real training for individuals, and all the programs that are implemented are a theory that we cannot describe as the real training that should take place before establishment.
He mentioned that the pre-establishment training redefines many terms that may be absent from some entrepreneurs, such as the functions of the departments in the facility, for example, the only department that provides strategic planning is the marketing department, and other than that, the tasks of other departments are supportive and far from strategic planning Quality management plays the role of monitoring the progress of operations, while market studies, which are at the heart of strategic planning, are carried out by the marketing department. Training also restores the image to define the product, which includes the commodity, service, the place that is rented, the idea, and consultation, all of which fall within the definition of the product.
He concluded that the entrepreneur, before the establishment process, must comprehend the details of the establishment process, planning mechanisms, human and non-human resources management, quality systems, marketing strategies, etc., and this must be done by integrating theory with practice, and in this field, it is not forbidden to resort to partners (institutions). or individuals.
The second step is the establishment. He made it clear that this should be done after the goals are clear, and in this regard, it is done through official channels (the required licenses), and after the establishment, the operations start according to specific plans.
"Zakat, Income and Customs" will apply the electronic invoice to commercial establishments next December
27/06/2021
To protect the consumer and combat commercial concealment:
"Zakat, Income and Customs" will apply the electronic invoice to commercial establishments next December
On the fourth of next December, the Zakat, Income and Customs Authority will start the first phase of the project of obligating commercial establishments with electronic invoicing, aimed at achieving economic goals that support competition and consumer protection, and linking all transactions with the authority’s systems automatically.
The Director of the Electronic Billing Project (Invoice) at the Authority, Eng. Abdullah Al-Fantoukh said that electronic billing is a procedure that aims to transform the process of issuing invoices and notices into an electronic process, allowing the exchange of these invoices and credit and debit notes and processing them in an organized form between the seller and the buyer in an integrated electronic format. The electronic invoice is saved in an organized format that contains all the requirements of the tax invoice according to an electronic system that is compatible with the Authority's systems. He stressed that handwritten or scanned invoices are not electronic invoices that are compatible with the Authority's requirements.
During a workshop (remotely) hosted by the Asharqia Chamber last Thursday on the electronic billing project and its stages, moderated by a member of the Chamber’s Commercial Committee, Fahad Al-Suhaim, Al-Fantokh mentioned that the authority is adopting this procedure to enhance the atmosphere of fair competition and consumer protection by providing a unified mechanism for documentation and auditing. Invoicing, combating the shadow economy, reducing commercial cover-up by tracking invoices and data retention, and increasing compliance with tax obligations by strengthening the verification of business transactions.
He stressed that this transformation will be in stages, starting from the fourth of December 2020 AD with the issuance of the electronic billing regulation, followed by the start of the first phase represented in announcing the controls, requirements, technical specifications, and procedural rules necessary to implement the provisions of the electronic billing regulation, which took place on May 28, 2021.
It is worth noting that the commitment to the first phase will be on the fourth of December of this year. The connection and integration between the taxpayers’ systems and the authority’s system will start from the beginning of January 2023, provided that the connection process will be in stages, with the second stage to be completed in January 2023 with some additions, most notably obtaining the authority’s approval electronically before issuing the invoice to the customer.
Al-Fantokh stated that the authority will notify the target group of the connection at least six months in advance. As the controls, requirements, technical specifications, and procedural rules necessary to implement the provisions of the electronic billing regulation were issued,
He stressed that electronic invoicing will be binding on any resident individual or resident establishment registered in value-added tax because it is part of the executive regulations of the value-added tax system. This was only done after studying many international experiences.
Al-Qasabi: The private sector is a pivotal partner, and all government measures are directed to support this partnership
24/06/2021
During the direct meeting of the business sector with His Excellency the Minister of Commerce, Dr. Majid Al-Qasabi:
Al-Qasabi: The private sector is a pivotal partner, and all government measures are directed to support this partnership
Two visual presentations confirm the growth of the business sector and remarkable leaps by 70% in five years
The development of the procedure, the updating of regulations, and the shortening of the steps to start work are the most prominent features of the growth of the business
The Kingdom is responding to the global situation in e-commerce and achieving clear achievements
Qualitative leaps in internal trade culminated in the National Center for Competitiveness and the Business Sector Center and their platforms
His Excellency the Minister of Commerce, Dr. Majid bin Abdullah Al-Qasabi stressed the importance of the role played by the private sector, as it is a pivotal partner, and all efforts and measures taken by all government agencies are to support this role, without prejudice to the principle of competition and commitment to what the global economies are witnessing. Noting that the participation of the Fund Investments in some projects is a lever to support investment, and not to compete with the private sector.
Al-Qasabi described during a meeting hosted by the Asharqia Chamber today, Tuesday 22/6/2021, which was attended by a group of businessmen and women in the Eastern Province. He described the Eastern Province as the area of giving, loyalty, and creativity, as it is the largest geographical area, with the largest oil fields, the largest global oil reserves, and most importantly of all. It has a lot of technicians, technicians, and engineers that are not available in any other region in the Kingdom. It also has 60% of the external outlets and is located 70 kilometers on the Arabian Gulf, in which the sea, the sea, the plain, the oasis, and the proximity to the Gulf and Riyadh, which makes it the leader in the fields of Industrial, tourism, and logistic, and trade in the region is old.
He explained that the Kingdom is fully moving, but there are challenges. These challenges are man-made, and those who do not work do not make mistakes, and solutions are also made by people. He hinted that the new corporate system is on the way to being issued, as it is under study by the Experts Authority, and the process takes a few weeks, and the system contains many points that serve the private sector, which is a pivotal and essential partner in the present and the future, as it is the engine and the first employee.
He stressed the issue of oversight, because we are in the stage of correction and correction, and one of its features is to support competitiveness and to combat previous mistakes such as covering up that violate competition. A corrective period was established in cooperation with several government agencies, and we have witnessed - praise be to God - positive results.
He stressed that the ministry supports the local investor and the local product, but this support does not contradict the opening of the market, and if we reach self-sufficiency in a particular product, then we can close the market. There is no development or growth without competition, and importing does not contradict support and localization at all.
He touched on the issue of the investment fund's entry into many projects to enhance confidence in investment, which is carried out in partnership with the private sector, and the full burden may have been shifted in the future, and the evidence for that is abundant.
As part of the meeting program, a visual presentation was presented by His Excellency the Undersecretary for Customer Service and Branches, Eng. Ayed Al-Ghwaim, and the Vice President of the National Competitiveness Center, Walid Al-Radian, during which many of the Ministry’s services aimed at facilitating procedures and developing the trade sector were presented, which includes developing and updating regulations and requirements, and facilitating trade procedures. and development of various systems.
Al-Ghuwainem said that the business sector in the Kingdom witnessed remarkable growth during the period from 2015 to 2020, as the number of institutions increased from (650,462 institutions) to (1,107,071 institutions), i.e. by 70%, while limited liability companies witnessed an increase of 1.3% during the period. The same from (78,415 companies) to (159,520 companies), and as for the closed joint-stock companies, they witnessed a growth of 43% to increase their number from (1,200 companies) to (1,725 companies). As for the growth of the business sector in the Eastern Province, it recorded a growth rate of 11.3 percent during the period from 2018 to the last year 2020, with about (201,492 commercial records) working for (166,420 institutions), and (35,072 companies).
He touched on several reforms carried out by the ministry aimed at strengthening the commercial legislation system, including the preparation and development of 62 legislation during the past five years, including several regulations and their executive regulations, including systems (electronic commerce, commercial franchise, professional companies, bankruptcy, anti-coverage, guarantee Movable property rights, accounting, and auditing profession, chambers of commerce). He pointed out that the results of legislative reforms appeared in shortening the time periods necessary for commercial work, which requires only one step after shortening 5 procedures, and issuing municipal licenses and work visas immediately upon issuance of the commercial register, and paying fees for establishing entities and licenses for shops electronically with a unified invoice. In addition, the establishment of companies takes place within 30 minutes instead of 15 days, because the checking of their articles of incorporation is done automatically.
He mentioned that one of the growth milestones in local trade is "electronic commerce", which is witnessing a global growth estimated at more than 16%, with transactions amounting to $4.28 trillion, as the number of online shoppers during the past year reached about 2.05 billion, according to World Bank statistics The Saudi market was not immune to this growth in this type of commercial activity, as it witnessed a growth of 28.3% with electronic commercial transactions amounting to 6.328 billion dollars, and the number of shoppers amounting to 25.6 million, as stated in the information of the General Authority for Statistics.
The presentation touched on the national anti-shopping program that was launched to unify efforts among the relevant authorities to eliminate the causes of commercial concealment and achieve sustainable growth. The program works with 15 government agencies on 47 initiatives under four strategic axes (money, workers, control, and requirements),
For his part, the Vice-President of the National Competitiveness Center Walid Al-Radyan spoke and initially touched on the launch of the National Competitiveness Center under Cabinet Resolution No. 212 dated 25/4/1440 aimed at improving and developing the competitive environment and improving the Kingdom’s ranking in global reports and indicators, and proposing plans aimed at raising the Kingdom’s competitiveness in Various fields, discussing them with government and private agencies concerned with developing them, identifying obstacles and challenges related to developing the competitive environment, providing visions and proposing necessary reforms in them, following up on the commitment of the concerned authorities to implement them, and monitoring and analyzing all indicators and reports that have an impact on the competitive environment in the Kingdom issued by organizations It is considered an internationally esteemed position, and to work to improve the Kingdom’s ranking in it, in cooperation with the relevant authorities, and to survey and monitor the opinions of the public through various means regarding the competitive environment in the Kingdom in various fields.
He reviewed some points related to communication with the private sector. They mentioned that during the past period, several regions of the Kingdom were visited with the participation of representatives of about 14 government agencies and 332 investors, and 100 challenges facing commercial activity in these regions were identified, including (Asir, Al-Jawf, Jazan, and Qassim). And Tabuk), according to which 70 recommendations and solution proposals were issued. Moreover, in 2019 the private sector’s visual platform was launched, through which challenges were identified and recommendations were proposed to address them. 436 recommendations were completed, to which is added the unified electronic platform for public opinion poll (poll) that was launched earlier this year and aims to enable government agencies and the public to express their views and observations on the projects of laws and regulations and the like. 83 government agencies participated, 158 projects were presented through the platform, and 65 reports summarized the most important views of the projects presented on the platform. And 93 projects are expected to be presented during the coming period, as 8 workshops were held on the performance of the platform and the services it provides, in the presence of a large number of interested people and representatives of government departments.
Accordingly, he touched upon the Saudi Business Center, which was established by Cabinet Resolution No. 456, dated 11/8/1440, and whose tasks include proposing the issuance of policies, regulations and decisions related to economic business, and expressing views on them, in line with international best practices, and establishing and managing platforms A unified electronic platform to provide services and businesses related to starting and practicing economic business and linking them to all relevant government agencies, re-engineering procedures and developing the investor’s journey in a number of economic sectors, and issuing economic licenses through unified spatial centers and the unified invoice issued by the Center for the start and practice of economic business so that it includes all related financial requirements, developing a business intelligence unit to issue commercial and economic reports, launching the consolidated register of commercial mortgages and implementing the procedures associated with it in accordance with the commercial mortgage system. It is noteworthy that the center has main centers in Riyadh, Jeddah, and Dammam, and participatory centers in Qassim, Asir, and Dammam.
After the presentation, the services provided by the General Authority for Small and Medium Enterprises, which in turn is affiliated with the Ministry of Commerce, were reviewed, which include educational, advisory, and financing services and services for the growth of enterprises. 399 million riyals, 2538 investors received support from the authority’s Kafalah program at a value of 9 billion riyals, 305 enterprises benefited with a value of 605 million riyals from the financing portal, and 414 beneficiaries from direct lending, receiving 412 million riyals, and 4303 consultations were provided through the Nawafed application, And 1463 institutions benefited from the Monshaat Academy, and 102 institutions benefited from the Mazaya Program. All this in the eastern region only.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said during the meeting that our wise government had set out in its future vision for the private sector from several legislative, regulatory, and developmental foundations, its first goal is to improve the private sector and reformulate it in a better way, within a strategic direction. It aims to be one of the main pillars of development in the country, which is what is involved in the policies that we feel the positive results of day after day, so it approved programs and launched initiatives and opened doors for investment in various fields, and removed the obstacles that limit him from playing a greater role in development, and continues to develop what Legislation and procedures related to markets and businesses, all of this and others, are allotted to him to encourage him to innovate and compete. This meeting between representatives of the government sector and businessmen of the region under the umbrella of the Asharqia Chamber is evidence that we are moving forward in achieving a construction based on communication and dialogue as the pillars of its sustainability Looking forward to the ambitious programs and initiatives proposed by the Ministry of Commerce, that this meeting will result in significant recommendations that are part of our national options towards achieving balanced and sustainable development.
Asharqia Chamber celebrates the International Day of Small and Medium Enterprises next Sunday
24/06/2021
Asharqia Chamber celebrates the International Day of Small and Medium Enterprises next Sunday
Coinciding with the International Day for Small and Medium Enterprises, Asharqia Chamber, represented by the Small and Medium Enterprises Center, will organize next Sunday (June 27/2021) an expanded meeting entitled "Factors of Entrepreneurs Success", during which business development advisor Abdullah Al-Saad will speak.
The meeting, which is being held remotely, will discuss several axes, including (how to establish and start businesses, the priority of business training, mechanisms for building plans, measuring results, and the tools that can be used in all of this).
This initiative comes within the programs and activities of the Asharqia Chamber to support the small and medium enterprises sector, most notably the intersection, communication, and joint coordination with governmental, semi-governmental, and private agencies that support and sponsor this sector, which forms the backbone of the national economy.
Al-Duhailan: Professional work in the areas of decoration has become a community appreciation and the interest of the supporting bodies
24/06/2021
During the workshop of "Career of gold" for girls with hearing disability
Al-Duhailan: Professional work in the areas of decoration has become a community appreciation and the interest of the supporting bodies
The head of the Women’s Centers and Workshops Committee in the Asharqia Chamber, Shuaa Al-Duhailan, confirmed that professional manual work, especially in the areas of decoration and beautification, has overcome several obstacles that existed earlier, most notably the stereotypical view of society, as this activity has become financially feasible, as well as On the availability of means of support, guidance, and containment that support this trend.
This came during a workshop entitled "A profession of gold" directed at girls with hearing disabilities, organized (remotely) by the Women's Empowerment Center in Asharqia Chamber last Wednesday 23/6/2021 in cooperation with the Saudi Society for Hearing Impairment to transmit the workshop in sign language. Professional manual work in the field of decoration, in particular, is considered one of the permanent professions, as beautification is an innate condition for every female that continues with her until the end of life, and this profession does not start today and end tomorrow, but rather it continues, and whoever has the talent can transform from a worker in a workshop to a project owner in that matter.
She indicated that she was someone who took this path despite her scientific specialization in the field of English and her work in education for five years, and she made this decision and it was feasible, despite the great sacrifice in leaving the government job with a fixed salary.
She said that any manual labor generates a profitable amount of the bid through which it is made, not for the owner (or the owner of the project), but even the worker in any workshop or factory, if she is sincere and productive, the owner cannot dispense with her but will seek to increase her income through this work.
Al-Duhailan pointed out that manual work in the field of decoration faced several difficulties, most notably convincing people of the level of service, especially in the previous era, as there were no social media that highlight the beauty of the service. Promotion takes place through oral transmission between people, but over time, this obstacle has been overcome. Anyone who enters this field can easily reach customers.
The other obstacle - according to Al-Duhailan - is the difficulty of persuading people to this work issued by Saudi women, as we have lived for many years with all foreign workers working in this field, but over time people have also become convinced of what Saudi female workers offer, especially those with hearing disabilities, Those who have extraordinary talents.
From here, Al-Duhailan calls on all Saudi girls, especially those with hearing disabilities, to search within themselves to bring out talents, which may be very simple and ordinary, they may turn into a project, or into a registered trademark not on a local level but an international level, and we have many stories in this regard, To conclude by saying: "You have the skill, and it is your way to a better material and moral future."
In this regard, Al-Duhailan stresses that institutions are looking for women with skills primarily, with all appreciation for administrative work. Noting that talent, if it is found, needs to be refined, and it does not prevent talents from being integrated, as integration produces partnership, and partnership produces viable projects, especially since we have, thankfully, certain bodies that support such trends, and their support does not depend on the financial aspect only, but rather there is advisory and technical support.
At the end of the workshop, Al-Duhailan indicated that the local community viewed the hairdresser or the beautician with some inferiority, so that the term “hairdresser” became a kind of miniaturization, but this matter has ended, and every one of them is doing such work, claiming to be a “beautician expert.” Society no longer belittles such professions, but rather looks at those who work in them with respect and appreciation.
The Eastern Province Municipality reviews promising investment opportunities available to the private sector
22/06/2021
During a workshop organized by the Asharqia Chamber Business Council in Jubail
The Eastern Province Municipality reviews promising investment opportunities available to the private sector
The Under-Secretary for Investments and Revenue Development in the Eastern Region Municipality, Eng. Hamdan bin Odeh Al-Aradi affirmed the Municipality’s keenness to offer investment opportunities that are fully in line with Vision 2030, which adopts the principle of partnership with the private sector and thus contributes to achieving the general development of the region and achieving quality of life, with high efficiency. Explaining That the investment projects or opportunities that fall within the municipal real estate are comprehensive for all governorates of the region, and are diverse between tourism and entertainment projects and others.
This came during a workshop organized by the Asharqia Chamber (remotely) represented by the Business Council of Jubail Governorate, yesterday (Monday, 06/21/2021), under the title (Investment Opportunities in Jubail .. Invest in the Eastern Province), as he said that investment development is one of the goals of Vision 2030. Which seeks to nominate three cities from the Kingdom among the top 100 cities of the year through support, guidance, and improvement of quality of life.
He added that one of the most prominent areas of investment provided by the state, which was included in the Municipal Real Estate Disposal Regulation issued by Royal Decree No. 40152 issued on June 29, 1441, and the amendments thereto, which included “items” through which municipal facilities and real estate are transferred from a cost source to A source of revenue by investing it appropriately, according to which the level of the private sector’s contribution to the GDP is raised, sustainable and balanced urban development is achieved, and increasing levels of financial self-sufficiency for state institutions are achieved, as well as the achievement of community partnership in many value-added projects. From an investment point of view and a general social point of view.
Accordingly, he indicated that the contractual terms with investors have been improved under the new regulation, the term of contracts has been increased from 25 years to 50 years, bank guarantees have been reduced from 100% to 25%, and the unpaid time period has been increased from 5% of the contract term. 10%.. stressing that the regulation has stressed the issue of quality to achieve the optimum use of these real estate for society and the economy, as well as a state of flexibility in the issue of leasing and benefiting from real estate so that some real estate can be rented - according to the regulation - on a daily or weekly basis Or monthly, or according to events or events.
He expected that all these changes will occur - God willing - in creating huge investment and economic projects, through which it is possible to create job opportunities with a profitable return, and investment opportunities for enterprises, especially small and medium enterprises, in addition to that these projects provide the community with important tourism, entertainment, and economic projects, In turn, it contributes to improving the quality of life in general, based on the fact that attracting investments creates mobility in the development process, which creates more job opportunities that are reflected in the general situation of society, the economy and the general image as well.
He reviewed several projects adopted by the Ministry of Municipality, Rural and Housing represented by its secretariats and municipalities in the eastern region, which will contribute to achieving a qualitative leap in the tourism and entertainment industry in the region because it is carried out through partnership with the private sector and in cooperation with the ministries, the Eastern Development Authority and the rest of the sectors.
He called on the private sector institutions to take advantage of the available offers that take place in all governorates of the Eastern Province (Dammam metropolis, Khobar, Jubail, Qatif, Dhahran...etc).
The session, which was moderated by Mubarak bin Abdullah Al-Mishal, Chairman of the Asharqia Chamber Business Council in Jubail Governorate, witnessed detailed dialogues focused on the opportunities available to the private sector in Jubail.
Asharqia Chamber and the "Saudi Bar Association" conclude an agreement to develop professional practice and empower the legal sector to serve the business sector
21/06/2021
Asharqia Chamber and the "Saudi Bar Association" agree to develop professional practice and empower the legal sector to serve the business sector
Asharqia Chamber and the Saudi Bar Association concluded a cooperation agreement, to define the frameworks and ways of cooperation between the two parties on developing professional practice and empowering the legal sector and the work of lawyers to serve the business sector and related activities.
The agreement was signed by the Chamber’s Secretary-General, Abdul Rahman Al-Wabil, and the General Supervisor of the General Secretariat of the Authority, Dr. Alaa Naji, in the presence of the Chairman of the Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, the Chairman of the Lawyers’ Committee in the Eastern Region, Lawyer Khaled Al-Saleh, the Deputy Chairman of the Committee, Lawyer Sabah Al-Marri, and the Assistant Secretary-General of the Authority, Dr. Marwan Al-Roqi.
The agreement, which was signed on Sunday (20/6/2021) at the headquarters of the Asharqia Chamber in Dammam, affirmed the "cooperation of the two parties in supporting the business sector and providing professional services through the lawyers' committees affiliated with the authority, and holding periodic meetings between representatives of the two parties, to review joint programs and areas of work.
The agreement touched on several activities that the two parties intend to implement to achieve the goals of the agreement, including the establishment of specialized training programs on topics related to the regulations that the authority is specialized in coordination with the Chamber, and holding awareness events (seminars, forums, conferences, exhibitions, workshops, etc.) to spread knowledge and culture. Legal.
The two parties agreed on the necessity of setting up a mechanism to receive the proposals of businessmen and the business sector regarding the difficulties they face concerning the rules and regulations.
Launching the self-service device for classifying establishments in the Asharqia Chamber
16/06/2021
Launching the self-service device for classifying establishments in the Asharqia Chamber
Yesterday, Tuesday, June 15, 2021, at the Asharqia Chamber building, a self-service device was launched to classify facilities through the Baladi platform as the first room in the Kingdom through which the owner of the facility was able to obtain many electronic services, including the service of classification of city services operators, which is adopted by the Agency for Regulating City Operators in the Ministry of Municipal and Rural Affairs and housing, in order to develop performance and to achieve compatibility between self-possession and the level of government projects available.
This came at the main Asharqia Chamber building in Dammam, as the service was launched in the presence of the Chairman of Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, member of the Board of Directors, The Chairman of the Contractors Committee, and Chairman of the National Committee for Contractors in the Council of Saudi Chambers Hamad bin Hammoud Al-Hammad, and this service is directed to the construction sector, It facilitates the work of the Saudi contractor in implementing projects, obtaining the necessary licenses to start work, and ensuring all his dues within the necessary conditions for any project.
The Chairman of the Board of Directors of Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi considered the launch of this platform, and the presence of this auxiliary body to achieve the issue of classification sought by contractors, a promising step to support the contractor's sector, honoring the distinguished and capable and providing the opportunity for those who are less than that, to provide classification conditions. He stressed that this was an important requirement for the contractor's sector, and as long as workshops and recommendations were held in this regard, the concerned authorities responded to this demand after studying, scrutinizing, and taking the views of the private sector. And his practical history in this regard.
As for the member of the Board of Directors and Chairman of the Contractors Committee and Chairman of the National Committee for Contractors in the Council of Saudi Chambers, Hamad bin Hamoud Al-Hammad, he confirmed that our country today is more like a workshop that involves dozens of projects, which require certain specifications in the implementers of those projects, especially since they are of varying size and level. The idea of classifying contractors, which was the focus of a long talk between contractors and officials in the ministries concerned in this regard. He explained that the celebration in this regard is to introduce the contractor's sector to the services of the portal and to know what can be obtained, and therefore the opportunity is available to everyone to contribute to the development and construction of the country, in the era of the vision of ambitious 2030. Expressing his sincere thanks to Eng. Faisal Al-Saqqar, Assistant Undersecretary for Classification Affairs at the Ministry of Municipal and Rural Affairs.
It is noteworthy that the "Baladi" portal was launched in cooperation with the various municipal sector bodies, to be the national portal in support of the municipal community. In the current stage, this portal includes three main services: interactive services that help enhance the concept of community partnership to improve the quality of services provided to beneficiaries, electronic services that help submit electronic applications to obtain the most used licenses, and information services that help beneficiaries make decisions related to including Contributes to improving the level of satisfaction with the municipal sector entities.
By providing these services, the "Baladi" portal aims to improve the quality of the level of municipal services provided to all municipalities and municipalities of the Kingdom, activate the role of beneficiaries as active partners, improve their level of satisfaction and enhance the level of transparency among the municipal sector entities.
The contents of the portal include lands, plans, and grants, commercial activities licensing services, construction licensing services, health certificate services, accommodation fee platform, electronic municipal authorization, electronic appointment booking, classification of city service providers (classification of former contractors, collective housing licenses, facilities rehabilitation services Approval of special schemes (trial launch), engineering office system, customer service system.
"Mazaya" platform provides high-quality services at preferential prices for small and medium enterprises
16/06/2021
For more support and development provided by “Monsha’at”:
"Mazaya" platform provides high-quality services at preferential prices for small and medium enterprises
A capacity development specialist on the Mazaya platform of the General Authority for Small and Medium Enterprises (Monsha’at) Saleh Al-Abdul Latif affirmed the authority's keenness to provide these establishments with a variety of distinguished services at discounted, competitive, and partially or fully subsidized prices via an electronic platform, and for this reason, it launched the "Mazaya" platform specialized in this regard.
Al-Abdullatif said during an introductory meeting on the platform hosted (remotely) by the Asharqia Chamber represented by the Small and Medium Enterprises Center yesterday, Wednesday 16/6/2021, that the authority, through this platform, which was launched at the end of 2019 as one of the authority’s services aimed at supporting small and medium enterprises and contributing to their growth and stability And the success of its business, it seeks to be the destination for small and medium enterprises to obtain private sector services, of high quality, and at the best prices,
He added that this authority, by launching this platform, seeks to reduce operating costs for small and medium enterprises, increase the efficiency of these enterprises, improve their performance, and make them an attractive environment for talent, and then facilitate the process of obtaining private sector services with greater quality through a unified platform.
He reviewed several benefits that can be obtained by joining this platform - other than obtaining goods and services with competitive quality and prices - including that the platform may be a distinctive marketing tool for those who join it, as the average monthly requests for the platform services during the past year amounted to about 1080 requests. And an average of 5,800 visits per month, especially since the platform provides the opportunity for specialized marketing for each service provider through the authority's other social media according to the terms and conditions, in addition to the marketing service provided by the periodic newsletter.
Accordingly, Al-Abd al-Latif points out that the platform was a station for several business owners who joined it, and their goal was not direct sales, due to the ease of managing the facility file on the platform through the authorization feature, and a direct link with the beneficiaries of the services of other establishments, and other data which can be obtained by joining the platform.
Accordingly, he stressed that the process of providing the service through the platform requires easy requirements that can be provided by the private sector, the most prominent of which is that the services are added separately and subject to pricing and that the prices offered through the platform are the lowest in what is offered to all small and medium enterprises, and commitment to the special service level agreement on the platform, and the percentage of service on the services provided shall not be less than 25% of the basic price of the service or commodity, and commitment to the details of the services and prices added on the Mazaya platform, and the offers offered are exclusive only to the Mazaya platform.
He stated that the most services provided through the platform are human resources, financial and accounting services, e-commerce, marketing, design, building management, consulting, technical and legal services, and others.
During a workshop in the Asharqia Chamber "Zakat, Tax and Customs" reviews the installment payment service for small enterprises
16/06/2021
During a workshop in the Asharqia Chamber
"Zakat, Tax and Customs" reviews the installment payment service for small enterprises
The Zakat and Tax Advisor at the Zakat, Tax and Customs Authority, Hammoud bin Abdullah Al-Harbi, reviewed the most prominent facilities that small and medium-sized enterprises can benefit from, paying zakat and value-added tax in installments, if they have difficulties in this aspect. He stressed several obligations and conditions for obtaining these services, including providing justifications for requesting installments.
Al-Harbi said during a workshop organized (remotely) by the Asharqia Chamber yesterday, Tuesday (15/6/2021), represented by the Chamber’s Business Council in Al-Khafji Governorate and moderated by the Chairman of the Council, Mazrouq Al-Balawi, that “payment of zakat or value-added tax in installments” are two services available to all registered taxpayers. The authority has establishments that face difficulties in paying the amounts due in full, and obtaining this service does not require more than logging in to the electronic portal of the Zakat, Tax and Customs Authority through the following link: Gazt.gov.sa and filling out the application, then paying the advance payment for the installment application, If the application is approved, the applicant will receive a notification of the installment plan, after clarification of the justifications for the installment request (for zakat or tax), submitting a bank statement for the last 3 months, submitting all due returns, and paying all other dues, if any.
He touched on the possibility of the taxable person choosing to calculate the net tax due for the tax period based on cash accounting as an exception to the invoice-based accounting method, as indicated in Article 45 of these regulations, provided that the value of his annual taxable supplies in the previous calendar year does not exceed an amount the amount of five million (5,000,000) riyals, and the value of the expected supplies in the current calendar year should not exceed five million (5,000,000) riyals, taking into account the second paragraph of this article and upon approval, the authority must notify the taxable person of the acceptance of his request.
He pointed out that the taxable person is not entitled to follow the cash basis accounting if he has received a notice from the authority stating that he has not complied with the provisions of value-added tax during the previous twelve months and that the taxable person who uses accounting according to the cash basis, must include his tax return Output and input tax only, for supplies of goods and services within the limits of what has been paid. The Authority has the right to request evidence that proves the value of the annual supplies deposited to the taxable person, and it may reject the request if it is not convinced that the taxable person has the right to use cash basis accounting.
He stated that “a taxable person may request the use of cash basis accounting at the same time that he applies to register or obtain his tax identification number from the authority. A taxable person who has not submitted the previous application may also request the use of cash basis accounting via applying to the Authority, provided that he has the right to do so.”
He said: “The taxable person who has been approved to use the cash-based accounting method must notify the Authority within twenty (20) days from the date it became clear to him that he no longer has the right to use this method by submitting to the Authority a request to use invoice-based accounting. , following Article 45 of these Regulations. The Taxable Person who has used the cash basis accounting method for a period of not less than two (2) years may apply to the Authority for the use of invoice basis accounting.
The Ministry of Human Resources and Social Development participates in a workshop organized by the Asharqia Chamber
16/06/2021
The Ministry of Human Resources and Social Development participates in a workshop organized by the Asharqia Chamber
The Ministry of Human Resources and Social Development participated in a workshop organized (remotely) by the Asharqia Chamber yesterday, June 14, in the presence of the Assistant Undersecretary for the Development of Labor Opportunities at the Nationalization Agency Badr bin Sulaiman Al-Jared, and a number of the Ministry's employees.
During a speech during the workshop, Al-Jard stressed the ministry's keenness to ensure that the jobs it seeks to localize in the private sector are sustainable, through several programs, most notably the Tawteen program.
Al-Jard explained that the ministry is working to increase the saudization rate and achieve job sustainability through a set of strategic and tactical programs and that the Emiratisation decisions issued by the ministry come based on aligning job seekers with the needs of the labor market, and aligning saudization policies with the size of the actual market available, so through a deep reading of the details and needs of job seekers (such as appropriate wages), in addition to identifying the needs of important jobs and professions in each sector, analyzing them and knowing their attractiveness, and then working to anticipate the future, taking into account the macro and microeconomic factors, that is, the mechanism for implementing the saudization tool It is based on analyzing the available data in terms of supply and demand, and then discussing with the private sector and taking its views on implementation.
He stressed that the ministry is working to keep pace with modern work patterns, such as flexible work (part-time), or remote work, and so on.
A delegation from the Asharqia Chamber visits the (Efaa) Association for the Care and Rehabilitation of the Disabled
14/06/2021
A delegation from the Asharqia Chamber visits the (Efaa) Association for the Care and Rehabilitation of the Disabled
Yesterday, Sunday, June 13, 2021, a delegation from the Asharqia Chamber and businessmen of the region visited the Efaa Association for the Care and Rehabilitation of the Disabled in Eastern Province, with the aim of getting acquainted with the services provided by the association to people with disabilities.
The delegation was headed by the Chamber’s Chairman, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, and included Vice President Badr Al-Raziza, members of the Board of Directors Najib Al-Sihati, Badr Al-Abdulkarim, Secretary-General Abdul Rahman bin Abdullah Al-Wabil, and businessmen Rami Al-Turki, Fawaz Al-Khudari, and Abdulmohsen Al-Ajaji.
The delegation, accompanied by the Chairman of the Society’s Board of Directors, Eng. Khaled Al-Zamil, and the General Manager of the Society, Rana Taiba, and a number of the Society’s members, toured the various sections of the Society and learned about the services it provides to beneficiaries in the centers for orthotics and limbs, medical rehabilitation, and daycare, whether for females or males. On the Society's achievements in serving people with disabilities, as well as reviewing the work dynamics.
Al-Khalidi said that the visit resulted in great knowledge of an association that is one of the most important charities in the eastern region, with its distinguished services for people with disabilities, pointing to the importance of community support and the business sector's support for the charitable sector, which comes as one of the pillars of the Kingdom's vision 2030, hoping that Efaa will continue to achieve Its desired goals, and to be a role model in giving and making faces smile, and to be a message that motivates more contributions to serve the people of this generous country, highly appreciating the benevolent contributions made by businessmen, whether in managing or supporting this association.
Human Resources: "Remote work" has attracted 50,000 job seekers since its launch, most of them are women
14/06/2021
During a workshop organized by Asharqia Chamber yesterday
Human Resources: "Remote work" has attracted 50,000 job seekers since its launch, most of them are women
The program reduces immigration to large areas and saves 25% on institutions
The program does not require conditions other than documenting contracts in the "gateway" and social insurance
The Ministry of Human Resources and Social Development confirmed that opening the field for remote work supports the options of resettlement confirmed by the Kingdom’s Vision 2030, as it attracts women and people with disabilities as well as job seekers, and the program includes economic results for the benefit of enterprises, in addition to other public benefits, especially after the decision to limit the use from the program on the Saudis, which will be implemented in early August.
This came during a workshop organized by the Asharqia Chamber yesterday, Monday 14/6/2021, presented by the Program Director at the Ministry of Human Resources and Social Development / Sahar Al-Dayl, who confirmed that remote work, which is one of the localization initiatives stipulated in the Kingdom’s Vision 2030, is no different from the traditional work model. Ordinary in anything, except for the worksite, as the program can be applied to any profession that can be done remotely, and is subject to the company’s decision and agreement with the worker or job seeker, all provided that work contracts are documented in the remote work portal, and registration in the institution General Social Security, and adherence to contract clauses such as minimum wages, and so on.
In this regard, Al-Dayl said that the system did not provide for specific jobs, but that any job could be transferred from the traditional work pattern to remote work, and vice versa and the important thing in this regard is to abide by the decisions of the Ministry that guarantee the rights of the worker and the rights of the employer, stipulated in contracts Which are automatically registered and documented on the labor portal through several companies providing this service.
She mentioned that there are many advantages of the remote work pattern, perhaps the most prominent of which is the provision of many and varied job opportunities for beneficiaries according to flexibility in time and place, and thus an additional solution to the issue of Emiratisation in the private sector, in addition to the other general benefits of benefiting from national competencies with their different geographical locations, Contribute to reducing immigration to cities and large areas, all with conditions and a cost that is about 25% lower on establishments.
She said that the program has so far attracted 50,000 job applicants (48,000 of whom are female), for several jobs, most notably marketing, customer service, debt collection, and administrative assistant. Many jobs are flexible and can be transferred to remote work, whether administrative or technical. Such as programming, technical support, and so on. It is also possible to transform the entire institution to work remotely, provided that contracts are available, registration in social insurance, and subject to supervision. It is expected that the number of Saudis will increase in the coming months, as the use of this model will be limited to Saudis at the beginning of next August.
Al-Dayl confirmed that the support of the concerned authorities for Emiratisation in the private sector under remote work is the same, and does not differ from business support in the normal, traditional way, as there are several programs at the Human Resources Development Fund (Hadaf) that serve this approach.
The Deputy Minister of Human Resources: In partnership with the private sector, we seek to develop the labor market
10/06/2021
The Deputy Minister of Human Resources: In partnership with the private sector, we seek to develop the labor market
The private sector, in cooperation with the Ministry, has managed to employ 400,000 Saudis since 2018 until now
His Excellency the Deputy Minister of Human Resources and Social Development, Dr. Abdullah bin Nasser Abu-Athnen, explained that the ministry seeks to improve the work environment and reach the percentage of nationalization targeted by the Kingdom’s Vision 2030, based on consultation and communication with the private sector. We have periodic meetings with businessmen who are the source of our decisions and among them Improve and refine it.
During a meeting hosted by the Asharqia Chamber yesterday, Wednesday, June 9, 2021, which was attended by several businessmen and women, and was moderated by the Chamber's president, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, he stated that the ministry's new strategy focuses on radical reforms, works to create sustainable job opportunities, and stimulates the demand for national manpower. Raising the level of their skills and abilities commensurate with the situation of the labor market.
Abo-Athnen added that the extensive meetings that the ministry conducts with businessmen result in several initiatives. In one meeting, 86 initiatives resulted, all of which entered into force, and since last year we have 13 other initiatives that are the product of workshops organized in partnership with the private sector, because we through In these meetings, we seek observations, monitor gaps, evaluate initiatives, and seek to activate them. We have more additional initiatives that, God willing, will contribute to achieving our goals and the goals of rational leadership in improving the work environment in the local market.
His Excellency said that the ministry's agencies are working hard to make the labor market more dynamic, so some other work patterns have been activated, such as hourly work and remote work, and we seek to discover other patterns, and they will be calculated from the Saudization rates.
He pointed out that since the ministry has adopted the partnership approach with the private sector, it has resulted in 11 Emiratisation agreements in 11 sectors, which since 2018 have contributed to the employment of more than 400,000 Saudis, and that the Saudization program targets 115,000 jobs in six sectors, in more than One hundred professions, based on the principle of training, searching for national workers, and communicating with them.
Turning to the ministry's initiatives during the pandemic period, he said that the ministry implemented 16 initiatives during the past year that had a positive impact in maintaining market balance and stability, even in the Kingdom.
Abu Athnen indicated that the ministry adopts the principle of review, evaluation, and making amendments, for example, the developer ranges program, which began in 2011 in 13 activities, and after the amendments, it includes 80 activities in 2017, and the increase is also on the way, and it is subject to addressing many of the gaps that were monitored, and on, As a result, the minimum wage for Saudis was raised to 4000 riyals, and many procedures were facilitated.
More than 12,000 workers in the hospitality, entertainment, and accommodation sector in the Eastern have received the Corona vaccine
10/06/2021
Within the initiative (Al Sharqiya is fortified) launched by the Asharqia Chamber
More than 12,000 workers in the hospitality, entertainment, and accommodation sector in the Eastern have received the Corona vaccine
About 12,156 workers from the hospitality, entertainment, and accommodation sector in the Eastern Province received a vaccination against the Coronavirus, as part of the “Al-Sharqiya is fortified” initiative, which was launched by the Asharqia Chamber represented by the Hospitality and Leisure Committee in cooperation with several medical centers and complexes in the region, as part of its efforts to keep pace with the state’s endeavors. Prepare the atmosphere for the return to normal life.
The Vice-Chairman of the Board of Directors and Chairman of the Hospitality and Leisure Committee at the Chamber, Hamad bin Muhammad Al-Boali, said that about 319 institutions have benefited from the initiative, which was launched with the aim of vaccinating about 20,000 workers from the hospitality, leisure and accommodation activities in the region, thus providing a great deal of health safety for visitors to the region, which supports Revitalizing the tourism sector in it, and that the (6) centers designated to provide the vaccine within the framework of the initiative are still continuing in order to achieve its goals, noting that the Hospitality and Entertainment Committee in the Asharqia Chamber is the only committee at the level of the Kingdom that has adopted an agreement of this kind with the Ministry of Health to overcome the challenges facing it. sector and to support the ministry's presence in the comprehensive vaccination campaign.
Al-Boali pointed out that what the initiative offers and the goals it contains will enable the return of the tourism movement in the region to its normal state, especially after all the employees of the activity are vaccinated and the conditions for vaccination for visitors are applied by next August, pointing out that the eastern region is a destination for many domestic tourists. And abroad, and that achieving health safety within the places of residence and reception of visitors stimulates the revitalization of the tourism movement in general.
Al-Boali stressed that the coming period will witness a boom in the tourism sector in the region and that there is a state of readiness and preparedness for all providers of hospitality, entertainment, and accommodation services to receive visitors with new and innovative services, noting that the eastern region has many attractive places for tourism and is almost complete with tourism, including It has all the tourist components, whether it is beautiful beaches, recreational parks, popular markets, and commercial complexes, as it serves as an integrated tourism structure, stressing that this period represents the opportunity for citizens and residents to rediscover the tourist areas in the Eastern Province.
An invitation to unite efforts to enhance the presence of Saudi products in global markets
09/06/2021
During the review of the strategy of the National Committee for Exports:
An invitation to unite efforts to enhance the presence of Saudi products in global markets
Yesterday, Asharqia Chamber witnessed on (Monday 5/June /2021) a virtual meeting between the National Committee for Exports in the Council of Saudi Chambers and the number of representatives of national factories in the Eastern Province, during which the emphasis was placed on cooperation and joint coordination to support the export option to develop tenders for national factories, and raise the level of their contribution to the field. Gross national product, and support the presence of national goods in global markets.
During the meeting, the committee's work plan for the new session 1441/1444 and the services it provides to sectors working in this regard, especially national factories aiming to be present in foreign markets, were reviewed. The importance of coordinating with government agencies related to exports, and working together to overcome difficulties, address obstacles, and enhance the level of presence of Saudi goods and products in global markets, has been emphasized.
The head of the National Export Committee, Turki bin Muammar, explained that the committee, through its new strategy, seeks to achieve the goals set for it by increasing the representation of the targeted sectors, consolidating partnerships, identifying obstacles and opportunities, providing advice and active participation with the authorities.
For his part, Chairman of the Industry and Energy Committee at the Asharqia Chamber, Ibrahim Al-Sheikh, stressed the importance of uniting efforts and coordinating between industrial sectors with the concerned government agencies, as well as the solidarity of exporters with each other to develop non-oil exports, as confirmed by the Kingdom’s vision 2030 and the various incentives provided by the state.
Al-Sheikh added that national non-oil exports, according to the latest statistics of the General Authority for Statistics, recorded an increase of 23.1% in the first quarter of this year, compared to the first quarter of 2020, when they recorded 59.9 billion riyals, compared to 48.7 billion riyals during the first quarter of 2020. In general, the proportion of non-oil exports to the total national exports increased from 25.4% in the first quarter of 2020 to 28.2% in the first quarter of 2021. Expressing great optimism about the future of the export sector, and enhancing its role in the national economy. He called for intensifying efforts towards attracting companies exporting products and services and providing them with full support by overcoming the challenges of their exports to regional and global markets and establishing broader paths of communication between manufacturers and exporters.
Asharqia Chamber launches the Sports Pioneers Forum under the slogan “Sport is an investment in the future”
02/06/2021
Asharqia Chamber launches the Sports Pioneers Forum under the slogan “Sport is an investment in the future”
Under the patronage of the Governor of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Undersecretary of the Emirate of the Eastern Province, Dr. Khalid bin Muhammad Al-Battal, inaugurated today, Wednesday, the activities of the Forum for Sports Pioneers under the slogan “Sport is an investment in the future”, which was organized by the Asharqia Chamber. Represented by the Youth Business Council via video communication technology, a group of government officials and investment managers from major sports clubs in the Kingdom participated in it.
An active partner
Al-Battal, in a speech delivered on behalf of the forum’s sponsor, His Highness Prince Saud bin Nayef bin Abdulaziz, expressed his gratitude to the Asharqia Chamber for the diversity of its initiatives and programs and its great efforts in organizing the forum, stressing its importance in presenting serious proposals to advance the sports sector, especially in light of The comprehensive development witnessed by the sports sector and the support, attention and tireless follow-up it receives from the wise leadership, which stems from the conviction that sports, before being a source of national revenues, is a mainstay in achieving social and environmental development, a major source in the development and reform of societies, and an effective partner In the course of growth and development experienced by the country in various sectors.
Industry excellence and leadership
Al-Battal said, (I have the honor to convey to you the welcome of His Highness the Governor of the region and His Highness his deputy, to provide full support and care for all practices and ideas that support the advancement of the sports sector in the region), hoping that the sports facilities in the region will not be just sports arenas, but rather a destination and destination for organizing and hosting international championships, shopping, and entertainment. Organizing events and practicing all kinds of sports.
Al-Battal pointed out that the sports sector has recently witnessed a new phase of the industry of excellence and leadership, and the Kingdom has become today qualified for global competitiveness, which requires from the pioneers of this vital sector work and double effort towards creating new participatory and marketing mechanisms that support the efforts of the state in developing this industry and transferring it to broader horizons.
An extreme care
For his part, His Excellency the Governor of the General Authority for Small and Medium Enterprises, Eng. Saleh bin Ibrahim Al-Rasheed extended his thanks and appreciation to His Highness the Governor of the Eastern Province and His Highness his Deputy for their constant care and interest in entrepreneurship and pointed out that the small and medium enterprises sector is enjoying today with great attention and care from the Custodian of the Two Holy Mosques. The two Sharifs and his Crown Prince, are keen on developing, supporting, and empowering this vital sector because of its great role in supporting the national economy.
A Finance Gateway
Al-Rasheed revealed that the share of small and medium-sized enterprises in government purchases increased from 14% in 2016 to 28%, as well as their share of total loans from 2% in 2016 to 8.3%, and said that more than 25,000 enterprises benefited from the government fee recovery initiative. With a total refund of more than 2.6 billion riyals, the total number of beneficiaries of the financing gateway reached 1,322 facilities with a total financing of 3.3 billion riyals, and we provided support to more than 320 rapidly growing facilities through the “Ambitious” program, and issued 190 licenses for business parks and co-working spaces.
Absorptive capacity
Al-Rasheed said, "We are committed to "Monsha'at" to design programs and initiatives that contribute to the support and development of the small and medium enterprises sector, as well as entrepreneurs, to raise the productivity of these enterprises, increase their contribution to the gross domestic product and increase the absorptive capacity of the Saudi economy, to raise the percentage of small and medium enterprises' contribution to the output. GDP to 35%, in addition to contributing to creating more jobs.
Al-Rasheed added that Monshaat is keen to cooperate with partners in the public and private sectors to develop innovative investment tools to expand the scope of entry of small and medium enterprises in the field of sports investment, which is one of the promising sectors and filled with many investment opportunities.
Promote sustainability and increase resources
Al-Rasheed indicated that there are efforts to increase the investments of small and medium enterprises, which constitute about 99.6% of the total number of private sector enterprises, in all fields, including the sports field, to enhance their sustainability and increase their resources.
Al-Rasheed indicated that at the beginning of this year, facilities launched the campaign (we complete each other and make teams) in partnership with the Ministry of Sports, the Saudi Football Federation, and the Saudi Professional League, intending to create a stimulating investment environment in the sports field and attract more small and medium enterprises to invest in this field, as well as We launched the Small and Medium Enterprises Bank as one of the development funds and banks of the National Development Fund, which will start its work soon to increase the financing provided to the small and medium enterprises sector and bridge the financing gap.
The global industry
For this part, Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, praised, during his speech, the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, for the forum, and His generous support for everything that would support the activities of entrepreneurs in the region, and the efforts of His Highness Royal Prince “Ahmed bin Fahd bin Salman” and his keenness on permanent communication with the private sector, knowledge, and support of its initiatives.
Al-Khalidi stressed that sport today has become a global industry with major economic returns. In many countries of the world, the returns of major economic sectors exceed the returns of major economic sectors and rank among the national sources of income for these countries, pointing out that despite the Kingdom’s recent era in sports investment, in the past few years, in the face of what the wise government has given, within the vision of 2030, great interest in the youth and sports sectors, In its direction towards expanding the base of investment in it to build a sports sector on sound foundations and solid foundations, we witnessed an accelerated movement towards formulating new ways that would advance this growing industry, which, in addition to the high financial returns it achieves, remains one of the most investment fields related to many other fields and the most Accommodating human potential, especially the youth group.
positive feedback
While the Chairman of the Eastern Business Youth Council, Fahd Al-Faraj, spoke about the importance of the sports industry, saying that it is an important tributary in increasing the incomes of countries, and one of the most important economic tools with great benefit and positive returns to the economy and society. To enhance the practice of sports activities and expand the bases of sports investment, thus creating the necessary environment to support and develop new options that would enhance the sports investment program with the participation of entrepreneurs and owners of small and medium enterprises to invest in this emerging sector.
Integration Opportunities
Al-Farraj alluded to what the Kingdom witnessed during the past few years with the support and interest of the Custodian of the Two Holy Mosques and His Highness the Crown Prince - may God protect them - and within the implementation of the vision's programs and goals of a noticeable rise in the size of the sports investment sector and the launch of many of its infrastructure projects with a positive impact In building a sports sector that stimulates investment that enables and qualifies the Kingdom to become an influential player in the sports economy regionally and globally, Al-Farraj stressed that the sports field today, in light of the successive growth of the various sectors of the national economy, has become full of investment opportunities, and there is a remarkable trend for the business sector to invest in it that needs to Encouraging and supporting and opening broader horizons of deep knowledge of investment fields in this growing sector, pointing out that the forum enhances knowledge of the sports industry and opportunities for integration and partnerships between the various elements of this industry to contribute and share the government’s efforts in building an attractive and productive sports environment capable of hosting international tournaments.
Kingdom trends
In the first session of the forum, which was moderated by a member of the Eastern Business Youth Council, Turki Al-Rajhi, and came under the title of the Kingdom’s directions to support the sports sectors in the light of the 2030 vision, the Deputy Governor of the Small and Medium Enterprises Authority for Entrepreneurship, Essam Al-Thukair, said that the vision created a state of partnership and business dealings between All parties, pointing out that Monshaat, as an enabler, provided many initiatives to support the small and medium enterprises sector and paved the way for many of them to enter the field of sports investment, whether in terms of providing information support, financing support or supporting the opening of markets, and these are the challenges that were facing small enterprises and medium.
growing growth
Al-Dhukair said, “In Monshaat, we are working to develop the business of the small and medium enterprises sector in all fields, including the field of sports investment, and to raise its success rate through various training programs and advisory and guidance services provided by a team of specialists. Or facilitating financing operations through the financing portal or providing information about investment opportunities in this growing sector to bring it to 1% of the GDP, and that recent years have witnessed remarkable development and increasing growth that calls for optimism to reach the goals before 2030 AD.
Unlimited Support
While the Undersecretary for Development and Planning at the Ministry of Sports, Adwaa Al-Arifi, said that there has been a remarkable development in the sports sector in the Kingdom, especially in the past three years and under the umbrella of the wise leadership, with its unlimited support for this vital sector, noting that the ministry aims to increase the number of clubs in the Kingdom, which has reached There are currently about 170 sports clubs to increase the absorptive capacity of sports talents in the Kingdom, and that there is a significant increase in the number of sports practitioners in the Kingdom from 13% before the launch of the vision to 19% in 2019, in addition to the remarkable increase of practitioners given the various programs and initiatives Which was launched in partnership with all parties, pointing out that our target in 2030 is to reach 40% of sports practitioners.
Al-Arifi explained that the Kingdom has hosted more than 50 sporting events in recent years, which included more than 2 million visitors, and we won the bid to host the 2023 edition of the World Martial Arts Games, an international multi-sport event that includes 15 sports and martial arts. With our endeavors towards promoting a vibrant society with a diversified economy following the vision of 2030, she added that the Kingdom possesses modern and appropriate infrastructure, as well as human resources that possess a lot of sports passion.
The second session confirms that sports investment is promising and its challenges are diverse.
The second session of the forum revealed that investing in sports has promising investment prospects, based on the quantitative and qualitative development of the sector, as there are 26 sports federations in the Kingdom, and the sports audience is wide and diverse in interest, and its service is a promising profitable activity in various fields, as well as the returns that can be To invest in non-sports sectors such as advertising.
The participants in the session entitled (Successful Experiences in Sports Investment) and managed by a member of the Sharkia Business Youth Council stated that Abunian promised that there are many challenges to sports investment, but the reason for optimism is the official support and the trend towards privatization, as well as public awareness of the importance of sports and the tendency to practice it, and therefore benefit from the services of the institutions concerned in this regard.
Ahmed Al-Mashhadi (from the Saudi Media Company) said that the privatization of stadiums, and opening them to private investment, opened a wide field for sports facilities, in addition to being supportive of sports, as it supports small and medium enterprises to provide their services in stadiums such as tickets, which are different degrees according to locations. We have to operate it according to the goal for which it was established, and then sponsorship activities, entertainment programs, and various events, which are supported by the features that characterize the stadiums from the area and sites equipped to receive a wide audience, small and medium enterprises must be qualified to provide the requirements of this audience, and benefit from them And success will be its ally according to its capabilities and the extent of its connection to the sports and entertainment side.
As for Ahmed Bukhamseen (General Manager of Fitness World Company), he explained that the beginning of investment in the sports field may be difficult, and that is like any activity, the beginnings are difficult, but the space is available to develop the model, and what characterizes the Riyadh sector is that it is a diversified sector, and every activity in it has its own challenges. It also has its audience and clients, so the investor should know the category he is targeting, and I believe that privatization will contribute to supporting sports and supporting economic investment in sports activities, events, and goods.
As for Amal Baatia (Crossnet teacher), he explained that the success of the investor in the sports field will be better and more efficient if it comes from passion and hobby, then the hobby is turned into an investment and a craft with a financial return. Investment in sports is an economic sector that gives additional value to any country in the world, and we have Praise be to God, there is an interest in sports activity, through 26 sports federations covering all types of sports, as it is a large and clear sector, and investment in it is worthwhile, especially since the public has become aware and knows what it wants from the facilities that provide this service. , and so on.
Faris Abu Ali (CEO of Osas) said that the obstacles to sports investment are meeting the ambitions of customers, which require the company wishing to provide a service or a sporting good to develop its designs and materials to achieve the ambitions of the target group (men and women alike), and I think that we have entered a level where we export our investment model abroad and are not satisfied with the local arena, although our arena is also large.
The third session: Various modern games and support services that open a new investment field in clubs
In the third and final session of the forum, which was held under the title: Investment in Sports Clubs and managed by a member of the Youth Business Council Ibrahim Al-Suhaibani, CEO of Al-Hilal Investment Club Company Sultan Al-Sheikh said that sports clubs are now more interested in the issue of investment, to increase the club’s income and raise its financial efficiency. He stressed that the legislative environment supported this trend of the clubs through the reorganization of legislation to become safer for investors, and a great incentive for the investor to enter into various projects of the club.
For his part, a member of the board of directors and head of the Marketing and Investment Committee at Al-Nasr Club, Moataz Al-Mazrou, said that the sports club relies on a large fan base that supports it in the issue of financial income, which makes the club think of making a convincing investment product that can be marketed to investors, noting that the various games have become aground. Fertile for investment, pointing out that there are different new games, most notably electronic games, which have become one of the most important projects that support clubs financially.
For his part, the financial director of Al-Qadisiyah Club, Faris Al-Mufleh, said that the investor in any sector, including the sports sector, is keen not to enter into the project and is not sure of the profit returns, as he does not pay a sum of money knowing that this amount will be spent randomly, indicating that sports clubs After the issue of governance, a large number of qualified youth of the country became working in clubs, and this matter had a positive impact on the process of complying with work regulations and also more interested in the issue of development, advising not to focus on the football game so that there would be no impact on the entire club system if a football team faltered football, but rather the development of the rest of the games to achieve various investment opportunities that support the club.
For his part, the CEO of Al-Ittifaq Club, Moaz Al-Ohali, spoke about the issue of investing in services, despite the presence of a high-risk rate, pointing out that the club’s support services sector lacks the presence of sufficient local companies working in this specialty. Very high for both parties, whether the club or companies working in the field, pointing out that the sports sector is witnessing various details that open a door for investment, such as projects to establish camps, as well as projects for organizing and coordinating the establishment of friendly matches between club teams, in addition to electronic program projects that have become more in demand, including programs Statistics and others, stressing that all these projects need qualified companies and work professionally.
Workshops: The largest sports entertainment city is an investment opportunity presented by the Eastern Province Municipality to investors
In the workshops accompanying the forum, which were held on Tuesday evening, June 2, 2021, Eng. Abdullah Al-Baqmi from the General Administration of Commercial Investment in the Eastern Region Municipality said that the regulation for the disposal of municipal real estate issued by Royal Decree No. (40152) dated 06/29/1441 and the amendments made to it are aimed at making available The opportunity to qualify investors for quality projects, which will enable the secretariats to deal with expert houses specialized in marketing for investment opportunities, will achieve, God willing, the transformation of municipal facilities and real estate from a source of cost to a source of revenue by investing them in a manner appropriate to the uses of the facilities, and supports the direction of the Kingdom’s vision 2030 in Increasing the contribution of the private sector to the gross domestic product, resulting in achieving sustainable and balanced urban development, and achieving increasing levels of financial self-sufficiency.
Accordingly, he reviewed several investment opportunities, including some in the sports field, which are implemented in partnership with several bodies concerned with sports affairs, including the partnership with the Ministry of Sports and Youth through several initiatives, including the Sports for All initiative in Salsabil Park, and with the Saudi Federation for Marine Sports and Diving, through a center and platform For marine sports and diving in the eastern region with a professional concept in line with environmental standards.
Among the projects that are still under the title is the establishment of the largest entertainment city in the Eastern Province and one of the largest entertainment cities in the Kingdom that includes 40 activities (entertainment and sports) at 350 million riyals, and it is located on an area of 2,200 million square meters.
For her part, Director of Business Development at Najam Sports Company Shadan Al-Saqri said in a working paper entitled (Investment in Sports Clubs), she said that with the development of the local market and keeping pace with customers' requirements, the investor in sports clubs must first understand what the concepts of clubs are, and what are the market needs according to the city or Conservation and interests of the target customer segment of the requirements.
She stressed the need to prepare a marketing plan for sports clubs focusing on 4 main points: the first is to study the geographical area and population density of the area and understand the target segment and consumer behavior before starting the marketing process, in order to ensure the best possible quality of service for customers, and secondly: to provide the appropriate service that meets the aspirations of customers and focus on after-sales service, and the development of systems that help raise the level of customer satisfaction, and provide the best possible service in return for the subscription amount, and the third: customer support and service within the club, including identifying customer concerns that raise the level of quality, including: the website and the mobile application , explanatory videos, and finally: Excellence in providing added value over competitors, such as providing nutrition advice and providing specialists assisting in achieving goals, in addition to providing free services such as quotas when needed or customer inquiries.
For his part, the founder of Run In Sports, Mohammed Al-Mohammadi, spoke about the retail trade in the sports sector, which has witnessed many and many developments according to the growth of sports activity, stressing the importance of the development of institutions and companies operating in the sports sector to keep pace with the development and great change in the sector, especially at the state level, according to the Kingdom’s vision 2030.
Al-Mohammadi said that the concept of retail has undergone several changes according to the changes taking place in the economic sector, as everyone must respond to and keep pace with those changes.
Al-Mohammadi explained that several criteria govern the establishment of a commercial project in the Riyadh sector, such as choosing the site in open spaces, as well as in commercial centers and complexes, and attention to project designs and implementation.
Al-Mohammadi pointed to the need to focus on the selection of products and the establishment of the work team according to specializations, such as the technician, the customer service official, the marketing official, the procurement official, the sales supervisor, as well as the sales staff of the branches, in addition to the accountant and the manager, pointing to the importance of diversifying products and subjecting employees to periodic training courses and attention to digital marketing.
Increasing demands are the most prominent challenges of driving schools for vehicles
02/06/2021
During the monthly meeting of businesswomen on Tuesday
Increasing demands are the most prominent challenges of driving schools for vehicles
The General Supervisor of Sharq Driving School, Dr. Samar bin Salem Barian, confirmed that the general trend is witnessing a great demand for training by women, which constitutes a great challenge for the school, as this requires an increase in the number of female trainers, and the number of cars, as well as the expansion of the training arena.
Brian, who was a guest of Tuesday's meeting of businesswomen in the Asharqia Chamber, which was held on Tuesday evening, June 1, 2021, said that the school was launched after the supreme decision to allow women to drive in 2017, so it is concerned with graduating female leaders committed to the highest standards of traffic safety. Therefore, the "vision" of the school is to achieve Leadership and excellence in driving vehicles locally, regionally, and globally, and carrying a “message” to provide the trainee with the knowledge and skills to enable him to drive confidently and responsible in a safe educational environment following international standards, and run according to certain “values” which are: “Safety and safety, respect for the road, social responsibility, and citizenship, and mastery.”
Accordingly, the school’s goals, according to Dr. Brian, are: “Providing advanced scientific knowledge related to safe driving, focusing on driving skills and taking responsibility for obtaining driving licenses efficiently and effectively, raising the level of traffic awareness among the local community groups, and consolidating a culture of respect for the system to achieve Traffic safety, and training on successful driving practices and standards locally, regionally and globally.
She said that the school, which launched its first batch of graduates in 2018, (about a year after the High Resolution), had undergone two types of training (theoretical and practical), the first section includes lectures, simulation, and theoretical test, while the practical section includes vehicle control exercises and skills Road, posture exercises.
She reviewed the most prominent challenges facing the school, most notably the registration of 90,000 students during the first day of the school's launch. The ages of the registered students range from 18 to 70 years, waiting to enter the program for a period of 3 weeks, and our capacity is 1,524 trainees, and last year it was in the range of 878 trainees. Therefore, the foreseeable solutions are to increase the number of female trainers (from 60 female trainers in 2020 to 190 female trainers at present), expand the field (which covers an area of 80,000 square kilometers), and increase the number of cars (we have about 134 cars, which was last year (60 cars), and the intensification of working hours (and we now work 14 hours a day, 6 days), so the huge demand will remain a challenge until this moment for any driving school for women.
The Prince of the Eastern Province sponsors on Wednesday the Sports Pioneers Forum
31/05/2021
It is organized by the Asharqia Chamber virtually under the slogan "Sports is an investment for the future."
The Prince of the Eastern Province sponsors on Wednesday the Sports Pioneers Forum
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, on Wednesday, June 2, 2021, sponsors the Sports Pioneers Forum organized by the Asharqia Chamber represented by the Young Businessmen Council virtually under the slogan "Sports is an investment for the future."
The forum aims to exchange distinguished expertise and experiences and to promote the culture of self-employment, as witnesses the participation of the Ministry of Sports, Adwaa Al-Arifi, and the General Authority for Small and Medium Enterprises.
For his part, Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated His Highness’s patronage of the forum, stressing that the sponsorship represents a strong supporter for the Chamber’s events and activities, noting that His Highness’s sponsorship of the forum reflects the great interest that sports investment enjoys in the eastern region.
Al-Khalidi said that the forum aims to exchange distinguished expertise and experiences and promote the culture of self-employment, pointing to the Kingdom, through its ambitious vision, to support medium and small enterprises by supporting entrepreneurship, privatization programs, and sports investment, which will allow our economy to provide opportunities for everyone to contribute to the best of their capabilities. He said that we must improve the investment of youth energies by directing them towards sports investment and enabling them to obtain appropriate opportunities to build the future and contribute to the development of our society and our economy.
Al-Khalidi pointed out that in light of the wise leadership's interest in the Kingdom's Vision 2030 program, from which the Quality of Life program emerges, as it includes many plans that seek to raise the average quality of life in various aspects, most notably sports, and this gives the business sector an indication that the future will be for this investment because of its Of positive results for the local community.
The Chairman of the Business Youth Council, Fahd bin Abdullah Al-Farraj, said that the forum aims to support business youth and provide them with the opportunity to present their work in addition to spreading successful experiences in this field, as well as knowing the needs of employers and transferring them to the relevant authorities, and providing opportunities for cooperation, integration, and partnerships between employers And based on its vision of the forum, which emphasizes achieving integration in the sports investment sector for medium and small enterprises to contribute to achieving the Kingdom's 2030 vision.
Al-Faraj stated that sports investment is one of the goals of the vision based on creating the necessary environment to support and develop new options that enhance the quality of life program with the participation of entrepreneurs and owners of small and medium enterprises to invest in this emerging sector.
The scientific program of the forum includes 4 sessions, where the opening session will start at 10:30 a.m. under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, with the participation of the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and the Governor of the General Authority for Small and Medium Enterprises Eng. Ibrahim Al-Rasheed, and Chairman of the Young Businessmen Council Fahd bin Abdullah Al-Farraj.
In the main dialogue session held at 11 a.m. entitled: The Kingdom’s Approaches to Supporting Sports Sectors in Light of Vision 2030, Issam Al-Dhakir, Deputy Governor of the Small and Medium Enterprises Authority for Entrepreneurship, and the Undersecretary for Development and Planning at the Ministry of Sports, Adwaa Al-Arifi, will also lead the session’s dialogues by a member of the Business Youth Council Turki Al-Rajhi.
The second dialogue session reflects the successful experiences in the sector, where the session will be held under the title: Successful Experiences in Sports Investment at 12:30 PM, in which the CEO of the Saudi Media Company, Muhammad Al-Khuraiji, and the General Manager of the Fitness World Company Ahmed Bukhamseen, as well as the CrossFit Trainer Amal Baatia, will speak. Faris Abu Ali, CEO of Offside Company, is also moderated by a member of the Business Youth Council, Waad Abu Nyan.
Investment managers in major Saudi sports clubs will participate in the third dialogue session entitled: Investing in Sports Clubs at 2 pm, in which a member of the Board of Directors, Chairman of the Marketing and Investment Committee at Al-Nasr Club, Moataz Al-Mazroua, CEO of Al-Hilal Investment Club, Sultan Al-Sheikh, and President The executive of Al-Ittifaq Club, Moaz Al-Ohali, and the Financial Director of Al-Qadisiyah Club, Faris Al-Mufleh. The session's dialogues are also moderated by Ibrahim Al-Suhaibani, a member of the Business Youth Council.
It is noteworthy that the work program for the forum includes 5 specialized workshops that will start on Tuesday 1 June 2021 at 12:30 pm and extend until 7 pm, presented by Eng. Abdullah Al-Buqami from the General Administration for Commercial Investment in the Eastern Province Municipality, Director of Business Development at Leejam Sports Company, Shadan Al-Saqri, Director and Founder Run Inn Sports Company, Muhammad Al-Muhammadi, an investor in boxing rounds, John McCurry, and an investor in sports clubs, Boris Babashan.
The Ministry of Sports participates in the scientific sessions of the "Sports Pioneers Forum"
27/05/2021
It is organized by the Asharqia Chamber under the patronage of His Highness the Prince of the Eastern Province next Wednesday
The Ministry of Sports participates in the scientific sessions of the "Sports Pioneers Forum"
The Undersecretary for Development and Planning at the Ministry of Sports Adwaa Al-Arifi reviews the Kingdom's directions to support the sports sectors in light of Vision 2030, within the main session of the Sports Pioneers Forum organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province under the slogan "Sports is an investment of the future."
Al-Arifi sheds, as part of her participation in the forum, which will be held virtually at 10:30 a.m. next Wednesday, June 2, 2021, on the Kingdom's efforts to develop the sports sector in its various activities and activities within the quality of life program emanating from the Kingdom's Vision 2030, as well as talking about the most prominent upcoming sports projects Which would improve the performance level of the sector in the Kingdom, and revitalize the economic cycle as a sport is an important economic factor moving the economic wheel in the Kingdom, which leads to the recovery of the business sector as well as other social sectors.
For his part, Chairman of the Young Businessmen Council Fahd bin Abdullah Al-Farraj said that the forum aims to support young businessmen in the Eastern Province, providing them with the opportunity to present their work in addition to spreading successful experiences in this field, as well as knowing the needs of employers and transferring them to the relevant authorities, and providing opportunities for cooperation and integration And partnerships between employers, based on its vision of the forum, which emphasizes achieving integration in the sports investment sector for medium and small enterprises to contribute to the realization of the Kingdom's 2030 vision,
The forum also aims to exchange distinguished expertise and experiences and promote the culture of self-employment, pointing to the Kingdom, through its ambitious vision, is seeking to support medium and small enterprises by supporting entrepreneurship, privatization programs, and sports investment, which will allow our economy to provide opportunities for everyone to contribute to the best of their abilities, explaining That the business sector is remarkably directed to invest in the sports sector, as we note a distinct business model in this growing sector, as the Kingdom in general and the Eastern Region, in particular, have witnessed many investments in the sports field.
Attracting 30 female job seekers with special needs in the beauty activity
24/05/2021
Attracting 30 female job seekers with special needs in the beauty activity
On Monday morning (May 24, 2021), the Asharqia Chamber witnessed a job meeting aimed at attracting girls with special needs from the category (deaf and dumb) to work in institutions working in the fields of beauty and decorating in the eastern region.
The Head of the Women's Workshops and Centers Committee in the Chamber, Shuaa Al-Duhailan, said that the meeting, which was held at the Chamber’s headquarters in Dammam, is part of the initiative (with my talent is more powerful) that the committee is implementing in cooperation with the Comprehensive Qualification Center for Women in Dammam affiliated to the Ministry of Human Resources and Social Development Branch in the Eastern Province, as about 30 people were attracted. They vary in skill level, as their talents and abilities have been identified, as well as acquainted with the fields of work in the beauty and decorating sector, and the opportunities available in this regard.
It is noteworthy that the initiative (With My Talent Aqdar) was launched as a qualitative initiative aimed at employing girls with special needs in the beauty and decorating sector, in light of the signing of a memorandum of understanding between the Asharqia Chamber and the Ministry of Human Resources and Social Development in the Eastern Province, to discover the talents of girls with disabilities who are deaf. And the dumb, to support them and refine their skills and provide them with new job opportunities in the beauty and beauty sector and work to integrate them into society through training that ends with employment, according to the evaluation of the type of disability, skill, and appropriate field of work.
The General Authority for Small and Medium Enterprises participates in the Sports Pioneers Forum
24/05/2021
It will be organized by the Asharqia Chamber under the patronage of His Highness the Prince of the East next week
The General Authority for Small and Medium Enterprises participates in the Sports Pioneers Forum
The Governor of the General Authority for Small and Medium Enterprises Eng. Saleh bin Ibrahim Al-Rasheed will participate in the work program for the Sports Pioneers Forum organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province under the slogan "Sports is an investment for the future", and it will be held hypothetically next week on Wednesday corresponding to June 2, 2021.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the participation of "Monsha'at" confirms the importance of the forum's topic and its expected impact on discussing the issue of investing in the sports sector, the impact of strategic parties in supporting this trend, and the means of support it provides to the business sector, especially young men and women Business.
Al-Khalidi explained that the forum contributes to the presentation of many papers that discuss the aspirations that the business sector seeks in developing this type of investment, in addition to the obstacles and challenges that stand in the way of the sector to continue this work, and they aspire to officials to work to facilitate tasks and overcome these obstacles.
Al-Khalidi said that the forum is witnessing the participation of several officials, investors, and specialists in the sports sector, as it aims to exchange distinguished experiences and promote the culture of self-employment, indicating to the Kingdom, through its ambitious vision, to support medium and small enterprises by supporting entrepreneurship, privatization programs and sports investment It will allow our economy to provide opportunities for everyone to contribute to the best of their abilities, saying that we must improve the investment of youth energies by directing them towards sports investment and enabling them to obtain appropriate opportunities to build the future and contribute to the development of our society and our economy.
For this part, the Chairman of the Business Youth Council, Fahd bin Abdullah Al-Farraj, explained that the forum will participate in one of its dialogue sessions, Adwaa bint Abdulrahman Al-Arifi, Undersecretary for Development and Planning at the Ministry of Sports, and Issam bin Saleh Al-Dhakir, Deputy Governor of the Small and Medium Enterprises Authority for Entrepreneurship, will also participate as a speaker, stressing that this confirms the endeavors of The forum in working on everything that would support young businessmen, giving them the opportunity to present their work in addition to publishing successful experiences in this field, and also knowing the needs of employers and transferring them to the relevant authorities, and providing opportunities for cooperation, integration and partnerships between employers, pointing to the interest of the wise leadership In sports as part of the Kingdom's Vision 2030 program, from which the Quality of Life Program stems, as it includes many plans that seek to raise the average quality of life in various aspects, the most prominent of which is sports.
Investors in the sports sector participate in the Sports Pioneers Forum
18/05/2021
It is organized by the Asharqia Chamber under the patronage of His Highness the Prince of the Eastern next June
Investors in the sports sector participate in the Sports Pioneers Forum
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, confirmed that several investors and specialists in the sports investment sector will participate in the work program for the Sports Pioneers Forum organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province under the slogan "Sports is the future investment It will be held by default on Wednesday, June 2, 2021.
Al-Khalidi said that the forum aims to exchange distinguished expertise and experiences and promote the culture of self-employment, pointing to the Kingdom, through its ambitious vision, to support medium and small enterprises by supporting entrepreneurship, privatization programs, and sports investment, which will allow our economy to provide opportunities for everyone to contribute to the best of their capabilities. He said that we must improve the investment of youth energies by directing them towards sports investment and enabling them to obtain appropriate opportunities to build the future and contribute to the development of our society and our economy.
Al-Khalidi pointed out that in light of the wise leadership's interest in the Kingdom's Vision 2030 program, from which the Quality of Life program emerges, as it includes many plans that seek to raise the average quality of life in various aspects, most notably sports, and this gives the business sector an indication that the future will be for this investment because of its Of positive results for the local community.
For his part, Chairman of the Young Businessmen Council Fahd bin Abdullah Al-Farraj indicated that the forum aims to support business youth and provide them with the opportunity to present their work in addition to publishing successful experiences in this field, as well as knowing the needs of employers and transferring them to the relevant authorities, and providing opportunities for cooperation, integration, and partnerships between Employers, based on its vision of the forum, which emphasizes the achievement of integration in the sports investment sector for medium and small enterprises, to contribute to the realization of the Kingdom's 2030 vision.
Al-Faraj stated that sports investment is one of the goals of the vision based on creating the necessary environment to support and develop new options that enhance the quality of life program with the participation of entrepreneurs and owners of small and medium enterprises to invest in this emerging sector.
Al-Farraj pointed out that the Kingdom in general and the Eastern Region, in particular, have witnessed many investments in the sports field, pointing out that the business sector is noticeably directed to invest in the sports sector, as we note a distinct business model in this growing sector.
Asharqia Chamber reviews the technical regulations for machine safety in the "Authority for Standardization, Metrology and Quality"
06/05/2021
During a meeting organized by the Asharqia Chamber
Asharqia Chamber reviews the technical regulations for machine safety in the "Authority for Standardization, Metrology, and Quality"
Asharqia Chamber, in cooperation with the Saudi Organization for Standardization, Metrology, and Quality, organized a meeting that reviewed the technical regulations for machine safety and discussed the mechanism of action of the "Saber" platform, through visual communication on Tuesday evening, May 4, 2021.
Eng. Muhammad bin Sanhat Al-Otaibi from the Product Tracking Department at the authority, who confirmed that the "Saber" platform is a product safety tool that aims to automate the tracking of products and technical processes that took place during the supply chain and raising the percentage of safe products, as it allows the local merchant and factory to register the required certificates of conformity and the issuance of conformity certificates electronically for consumer goods, whether imported or locally manufactured, to enter the Saudi market and the electronic platform aims to protect commercial establishments from cases of fraud and tampering with technical documents, in addition to ensuring that the products are free from defects that may affect the health and safety of the consumer or his environment.
He added during the workshop moderated by a member of the Board of Directors, Bandar bin Rafi Al Jabri, that the platform aims to improve the import experience, obtain certificates of conformity and dispatches required in the Kingdom, and raise the percentage of identical products in the Kingdom, in addition to consumer protection. He pointed out that improvement processes are constantly taking place on the platform system to meet the needs of the beneficiaries, from the business sector, conformity assessment bodies, and relevant government agencies.
For his part, Eng. Abdul Ilah bin Abdulaziz Al-Qasim from the General Administration of Technical Regulations at the Authority stated that the mobile machines are those that require their operation either during work or continuous or semi-continuous movement between a series of fixed worksites and machines that are operated without the need to move them, but it may be done. Equip it in a way that makes it easier to move from one place to another, and heavy equipment is a self-propelled machine or a trailer on wheels, crawlers or legs, with equipment or an attachment (work tool), or both, designed mainly to perform loading, transport, deployment or Compacting or digging soil trenches, rocks and other materials. Earthmoving machines can be of the type that the operator directly controls by riding on the device, or they can be controlled remotely by wire or wireless means.
He explained that the technical regulations for these two types of machines aim to define the basic requirements for mobile machines and heavy works equipment, which are included in the field of this technical regulation, and to define conformity assessment procedures, to ensure that these products conform to the basic requirements that aim to maintain the health and safety of their users and the consumer in general. Preserving the environment and facilitating market survey procedures.
Al-Qassem pointed to several conformity assessment procedures, whereby the supplier must obtain a conformity certificate issued by a body acceptable to the authority, and safety components, interchangeable equipment, spare parts for mobile machinery and heavy works equipment - for models that obtained a conformity certificate - are exempt from the conformity assessment procedures, and the supplier To the Saudi market by the manufacturer or the official representative of the manufacturer in the Kingdom, and the supplier must obtain an inspection certificate issued by a body acceptable to the authority, concerning mobile machinery and used heavy works equipment.
The endowments are the choice of family businesses to overcome the generational “dilemma” and achieve sustainability
04/05/2021
During a meeting organized by the Asharqia Chamber
The endowments are the choice of family businesses to overcome the generational “dilemma” and achieve sustainability
A member of the Endowments Committee in the Asharqia Chamber, Musa bin Muhammad Al-Mousa stressed the importance of the endowment being included in the activities of family businesses, that the endowment contributes to helping companies to overcome many of their problems in achieving sustainability with the succession of generations, through the direct impact of the endowment on individuals, companies, and families itself.
Al-Mousa said in an interview organized by the Asharqia Chamber represented by the Khafji Business Council on Monday, May 3, 2021, under the title (Endowments and their Role in Family Businesses) that the Islamic endowment is defined as the confinement of the asset and the monetization of the benefit, meaning that the original remains while the same remains as real estate, financial governorates, and the like, and is usually divided into Waqf The subtlety of any endowment of the benefit on the offspring itself, and the charity which is the benefits that are used for it, and a common one that combines the two types. He explained that the endowment represents an artery and a tributary to development, so you find that the best entities, universities, schools, and hospitals in the world are endowment, and some of them started small, but very small, and became valued in millions and billions, so the endowment is a "strategic sector" and its market share is estimated at hundreds of billions and requires attention to the size of its power and its impact. With good risk management, structuring and monitoring of the change movement, resilience to crises, digital transformation, innovation, and the like.
During the meeting moderated by the Chairman of the Business Council, Marzouq Al-Balawi, Al-Mousa pointed out that endowments have become intertwined with family companies that have also produced endowment companies. The endowment is no longer far from the financial, investment, and profitability process as well, explaining that family companies are the companies that are owned and managed by the family, and they are often described. It has several advantages, the most prominent of which is the ability to act administratively and financially, the speed of decision-making and freedom from the procedures specified by the regulations, the limitation of revenues and profits to family members, which strengthens their financial position, the presence of a high-profit margin, high evaluation rates, as well as the presence of the incentive to face the great challenge to survive And the continuation of the family. Therefore, these companies were characterized by great economic importance, sufficient for representation. The percentage of family companies reached 95% in the Kingdom and the same in Italy, 90% in Sweden, 85% in Switzerland, 80% in Spain, and 75% in Britain.
In this regard, Al-Mousa pointed out that family businesses continue at a rate of more than 30% into the second generation, this percentage drops to 10-15% in the third generation, and continues to decline to 3-5% in the fourth generation, and non-continuation occurs if they do not have a specific plan. The succession, the lack of separation between ownership and management, the lack of transparency, in addition to family disputes and conflicts of interest occurred. He believes that entering the endowment status in family companies creates solutions to all these observations, and may regulate the process of continuing family businesses.
He added that there is an effect of entering the endowment on the family business in many respects (individuals, companies, and families), as the endowment achieves the purification and purification of money for the hereafter and brings blessing to the livelihood, by emphasizing the issue of assignment in money as it is a trust from God Almighty. At the level of "companies, the endowment places them in front of their social responsibility, improves their reputation and enhances their market share, and the sustainability of their stay in the market due to the survival of the benefit and interest, and opens up opportunities for volunteering and work. As for the family, the endowment contributes to bringing the family together for good and strengthening its role in society and preservation." On the values of the first founder of the family business.
The Prince of the Eastern Province will sponsor the Sports Pioneers Forum next June
03/05/2021
Organized by Asharqia Chamber virtually under the slogan "Sports is an investment in the future"
The Prince of the Eastern Province will sponsor the Sports Pioneers Forum next June
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsors the Sports Pioneers Forum under the slogan "Sports is an Investment in the Future", which is organized by the Asharqia Chamber represented by the Youth Business Council virtually on Wednesday, June 2, 2021.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated His Highness’s sponsorship of the forum, stressing that the sponsorship represents a strong supporter of the Chamber’s events and activities, noting that His Highness’s sponsorship of the forum reflects the extent of the great interest that sports investment enjoys in the eastern region.
Al-Khalidi said that sports are the language of all ages, as the past years have witnessed great attention by the business sector and investors to invest in the sports sector, where investment has gone to a greater stage to provide a distinct model of sports centers and academies, and it has become a landmark in the eastern region in particular. And the Kingdom in general, until it became a positive competition in introducing new developments in the world of investment in the sports sector.
Al-Khalidi pointed out that in light of the wise leadership's interest in the Kingdom's Vision 2030 program, from which the Quality of Life program emerges, as it includes many plans that seek to raise the average quality of life in various aspects, the most prominent of which is sports, and this gives the business sector an indication that the future will be for this investment because of its Among the positive results on the local community, the most prominent of which is the reduction in the rates of diseases and deaths and attention to public health as a basic factor, indicating that recreational spaces such as gardens and parks have recently been provided with sports equipment to raise the average quality of life for the citizen and resident, and it has become a constant factor when completing any recreational project that includes a space for practicing the various sports and this also gives us another indication of the upcoming new economic feature.
For this part, the Chairman of the Business Youth Council, Fahd bin Abdullah Al-Faraj, indicated that in light of the technological revolution that has overwhelmed the world, this investment has also been accompanied by another investment in technology that benefits and benefits this sector, beginning with the emergence of programs and training sessions for sports that are held remotely and ending with a new revolution called In virtual clubs, this is the investment of the future, as several sectors work in one project.
Al-Faraj explained that the year 2021 witnessed the opening of several sports investments, either, which are indications of an upcoming new investment that will return remunerative returns to workers in this sector, and said that investment in the sports sector will raise the standards of services provided by the sector and that competition in this field will raise the mechanism of work in it. He called on the business sector, specialists, and those interested to participate and attend the activities of the forum in which several investors and owners of experiences and expertise will participate to transfer their experiences in this field.
Al-Faraj stated that sports investment is one of the goals of the Kingdom's 2030 vision, which is based on creating the necessary environment to support and develop new options that enhance the quality of life program with the participation of entrepreneurs and owners of small and medium enterprises to invest in this emerging sector.
Al-Otaishan: Passion and challenge paved my way to owning one of the largest transportation fleets in the Kingdom
03/05/2021
He reviewed his experience in a meeting organized by the Asharqia Chamber
Al-Otaishan: Passion and challenge paved my way to owning one of the largest transportation fleets in the Kingdom
The Businessman Abdul-Rahman bin Saleh Al-Otaishan, former Chairman of the Asharqia Chamber, stressed the importance of the entrepreneur being an entrepreneur and passionate in his work and full of determination so that he can advance distinctive steps through which to start his business.
Al-Otaishan explained during my experience program, which was organized remotely by the Asharqia Chamber represented by the Young Businessmen Council on the evening of Sunday, May 2, 2021, that his beginnings were not easy, as he began his career as a truck driver and lasted for three years, touring the cities of the Kingdom and villages as well as some Gulf countries, noting that it is a unique experience from which he learns patience and struggles as he formed through it many relationships.
Al-Otaishan pointed out that the entrepreneur must be an initiator and also a developer of his tools so that he can keep pace with developments around him and what is happening in the world in terms of progress, pointing out that his beginnings despite their difficulties, but he was able to move from one stage to another by developing his capabilities and tools where he was able after his work For three years, the truck had to collect money that he could not invest in himself, as he moved to study in the United States of America in the seventies AD, and from that trip, he learned English and studied management science.
Al-Otaishan said that despite the development that occurred to him after moving to study in America, he preferred to return to the Kingdom to start his commercial project in the transportation sector, and actually he was able to establish the project until he had a fleet of trucks and he had started with one at the beginning of his life.
Speaking about his personal experience, Al-Ataishan presented advice to business leaders and entrepreneurs, the most prominent of which were: the need to be patient and strive hard and accept any work, especially if they are at the beginning of their career, regardless of circumstances and financial returns, to gain experience and experience, and then he can search for A better alternative, and at this time he was able to develop his potential and polish his talents.
Al-Otaishan said that the world of finance and business is full of attractive and appropriate opportunities, especially in the Kingdom, as it is characterized by various cities and locations that have a comparative advantage, whether in the eastern or western regions or the south and north, indicating that Saudi Arabia has been endowed by God Almighty with natural resources and wealth in many sectors, beginning with the mineral sector or sectors. Other livestock, vegetables and fruits, and young entrepreneurs should understand this and seize the golden opportunities that exist in it.
Al-Otaishan stated during the program that work should not stop, as a person should work permanently, even if this is a financial loss or a loss in time because the experience in itself is a benefit and a new lesson that he learns to be strong with time and gain experience and fruitful relationships in the business sector, indicating Decisions are sometimes difficult, but a person should not regret any decision he makes.
Al-Otaishan concluded his speech that the entrepreneur is distinguished by passion and this is what distinguished him personally as he always preferred to work on a private project in it, and did not work under the management of another person, and this is what he discovered when he worked under the management of one of his relatives, and he said work should not be confused with family relations, work is his His own field and family have another place away from the field of work.
A financial advisor calls for crowdfunding platforms for endowment products
29/04/2021
A financial advisor calls for crowdfunding platforms for endowment products
Majid bin Musaed Aba Al-Khail, consultant and specialist in the field of financial resources development, called for creating crowdfunding platforms for endowment products, provided that these platforms are clear-cut, with clear visions and messages, to serve endowment projects.
This came during the meeting of the Diwaniyah of Endowments organized by the Asharqia Chamber represented by the Endowments Committee on the evening of Wednesday 28 April 2021 through visual communication and managed by Engineer Abdulaziz Bunis, Executive Director of the Association for Empowering Endowments, as he stressed the issue of determining a budget for each area of the platform according to the conditions of the endowment It contributes to financing endowment products by creating a spirit of competition between associations to achieve the goal of the endowment product by providing an amount equal to the donation collected through the platform.
Aba Al-Khail gave an explanation of the difference between participatory economics and crowdfunding, which revolves around the issue of profitability in the first and volunteerism in the second, explaining that the participatory economy is an economic model based on the sharing of resources, and based on the sharing of human and material resources and assets between individuals and private and public institutions. The creation, production, distribution, trade, and joint consumption of goods and services by various people and organizations, explaining that one of the most important factors for the success of the sharing economy is the confidence of the parties in each other, as this type of economy is growing day by day, but it is still not completely acceptable. It has advantages and disadvantages and faces many challenges and difficulties. This is in contrast to the adoption of the crowdfunding principle, which carries several advantages represented in engaging the community in creating solutions, enhancing the project's reputation, and being a powerful marketing tool for the entity that achieves its goals quickly, with few risks.
In this regard, he said that crowdfunding has several success elements, as it achieves high degrees of transparency and governance, due to its reliance on reports, and seeks to benefit from the client as much as possible, such as frequent donation, diversification of methods of reaching the public, increasing and diversifying products, and network marketing.
The Chairman of the Asharqia Chamber: The Crown Prince... A Dialogue of the Present and the Future
29/04/2021
The Chairman of the Asharqia Chamber: The Crown Prince... A Dialogue of the Present and the Future
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, confirmed that the dialogue of the Crown Prince yesterday, on Tuesday, April 27, 2021, is a dialogue for the present and the near and far future, as it came rich, charting the prospects for a promising future, and monitoring what the Kingdom's vision 2030 has achieved over the past five years, revealing Realities that are renewed day after day on the economic, political and social reality in the Kingdom, and he said: (We as Saudis, with hearts filled with love, security and reassurance, feel proud and proud of the leader of the march, my master, the shrine of the Custodian of the Two Holy Mosques, and his trustworthy Crown Prince, the confident young inspirer who is capable of his tools, the architect of the vision and its master. He weaved its threads - may God protect them - and the rest of our country from all evil, and the blessing of security, safety, prosperity, and prosperity perpetuated us.
Al-Khalidi congratulated the wise leadership on the passing of five years since the launch of the 2030 vision, stressing that during these five years it was able to increase the efficiency of government performance, enhance the growth of the non-oil sector, and mobilize the national human resource with all the tools for professional advancement so that the Saudi citizen became a responsible person who does not know Fear - as His Highness said, can keep pace with the data and requirements of "modern Saudi Arabia" without prejudice to the well-established identity of the Kingdom since its inception.
Al-Khalidi pointed out that the dialogue of His Highness carried great interest in the Saudi citizen by confirming that the vision does not go and will not go without the people, their giving, patience, and standing with his leadership, pointing out that the state seeks towards the well-being of the people and improving the quality of life for him, and working to address the various challenges facing him.
Al-Khalidi alluded to the importance of the dialogue contained in the dialogue regarding the importance of partnerships and the strengthening of their presence and spread at home, especially between the public and private sectors, as well as external partnerships with various countries. It has the human and natural foundations that qualify it to establish effective partnerships.
Ministry of Trade: Combating the trade cover-up can return 400 billion riyals to the national economy
26/04/2021
In a meeting organized by the Asharqia Chamber
Ministry of Trade: Combating the trade cover-up can return 400 billion riyals to the national economy
The Undersecretary of the Ministry of Trade for Customer Service and Branches, Chairman of the Corrective Period Committee for Violators of the Anti-Concealment Law, Engineer Ayed bin Muhammad Al-Ghwainem, warned of economic negative aspects that are produced by the phenomenon of concealments, such as commercial fraud and money laundering, because concealment is a wasted hidden economy whose size is estimated at 300-400 billion riyals, outside the economy NBK, stressing the importance of benefiting those involved in such activity to take advantage of the corrective period provided by the Ministry to correct the situation, to prevent any severe penalties in the future.
Al-Ghwainim said during the meeting, organized by the Asharqia Chamber (Sunday 25 / April / 2021) with the participation of the Chairman of the Board of Directors Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and moderated by a member of the Board Bandar bin Rafi al-Jabri that the work of the regulation to correct the conditions of the violators of the anti-concealment system continues until 15 / Rabi` al-Awwal / 1443 corresponding 23 / August / 2021, through which it is possible to correct the conditions of those who violate the provisions of the system and to benefit from the advantages stipulated in the regulations, as this period provides multiple options for violating the provisions of the system, whether (Saudi or non-Saudi) by exempting those who apply to the Ministry of Trade to request rectification of their conditions from The penalties prescribed in the system, and from paying the income tax retroactively, and the situation can be easily corrected by submitting a request through the ministry's website, and the correction process is done through multiple options.
He added that the campaign seeks to motivate those wishing to correct their conditions and to explain the options available to them through holding workshops and communication meetings in different languages, all of which are done through partnerships by several governmental and semi-governmental institutions, foremost among which are the ministries: “Trade, human resources and social development, municipal and rural,” And foreign affairs, transportation, "and each of the public bodies for" public transport, contractors, zakat and income, small and medium enterprises ", the central bank and others.
Al-Ghwainem emphasized that when the situation is corrected, the wasted money will become an added value to the national economy, indicating that the commercial concealment causes other economic crimes such as commercial fraud, money laundering, and the absence of fair competition.
And he considered that the corrective period is an opportunity for Saudis and non-Saudis to have their activities in order, with each of them obligated to settle and pay government and tax fees, which positively affects government spending and contributes to the well-being of society. Developing the business environment and creating jobs, in addition to the cover-up that limits the creation of investment and employment opportunities for citizens.
He pointed out that correcting the violating situation is done through several options, including the introduction of a new partner and the continuation of the facility, disposing of the facility by sale, assignment, or dissolution, obtaining a foreign investment license to obtain the privileged residency.
The meeting was attended by the advisor of the Ministry of Investment, Amin Al-Nasser, the executive director of institutional communication at the Center for Distinguished Residence, Amal Al-Shehri, the general supervisor of the projects of the National Program for Combating Concealment, Ali Al-Thunayan, the Director of Projects in the National Program for Combating Concealment, Abdulaziz Al-Shathry, and the Legal Adviser at the Ministry of Commerce, Secretary of the Corrective Period Committee for Violators of the Anti-Regime Commercial cover-up Amer Al-Zahrani.
The Chairman of Asharqia Chamber: The private sector is living its golden age
25/04/2021
On the occasion of the fifth anniversary of the 2030 vision
The Chairman of Asharqia Chamber: The private sector is living its golden age
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, affirmed that the Kingdom has made during the past five years great strides and qualitative achievements at all levels, saying: We live today the fruits of the Kingdom's 2030 vision and feel its results in all the details of our social and economic life. As there are successive achievements at the internal and external levels, and work continues on the level of consolidating the foundations of sustainable development, developing infrastructure, developing society, and providing more job opportunities for the national workforces, pointing to the attention and support that the beloved king and his trustworthy Crown Prince - may God preserve them - gave. And caring for all segments of society, and the clear indications the Kingdom has reached today of progress and advancement in various fields.
Al-Khalidi pointed out that the private sector is living today in a historic stage in the Kingdom, and that since the launch of Vision 2030, which it has relied on and aimed to enhance its role and raise its contribution to the GDP to 65%, it is achieving clear growth rates, which indicates that before 2030, most of the goals of our vision may have been achieved. Especially towards empowering the private sector.
Al-Khalidi indicated that the programs, initiatives, and projects that were launched during the past five years have formed a catalyst for the private sector to play its role in the march of the national economy, such as various financing programs, and great support for small and medium enterprises that represent the core, axis, and focus of the private sector, in addition to Major economic projects, such as the NEOM project, the Red Sea, and many others, which reflected positively on the private sector in its various fields, up to the partner program that was recently launched by His Highness the Crown Prince.
Al-Khalidi said that what the private sector witnessed during these five years of continuous growth and balanced rise was the result of the policies of the government of the Custodian of the Two Holy Mosques and his trustworthy Crown Prince - may God protect them - which paid great attention to restructuring the national economy, diversifying its sources and activating the roles of all its components, on top of which is the private sector It had the greatest impact in the occurrence of fundamental changes that were positively reflected not only on the private sector institutions and its gains but on the national economy as a whole, praying to God Almighty for success in continuing construction and diversifying the nation's tributaries, reflecting its human and natural capabilities in various fields.
Saudi Post reviews a number of investment opportunities for the business sector
22/04/2021
During a remote meeting organized by the Asharqia Chamber
Saudi Post reviews several investment opportunities for the business sector
The General Supervisor of Commercial Affairs at the Saudi Postal Corporation, Engineer Abdullah Al-Jali, emphasized that the post seeks to be the logistical arm for trade in the Kingdom and government digitization, to provide high-quality service to customers.
Al-Jali said during a meeting organized by the Asharqia Chamber represented by the Communications and Technology Committee on the evening of Wednesday, April 21, 2021, that Saudi Post will in the coming period be a partner in making successes with the business sector, as the logistics sector in the Kingdom abounds with many investment opportunities that contribute to improving the services provided to customers.
During the meeting moderated by the Deputy Chairman of the Communications and Technology Committee, Eng. Ahmed Al-Hussein, Al-Jali explained that the Saudi Post Corporation, and within its vision, which affirms that the post is the national champion in postal and logistical solutions while providing added value to customers and linking the Kingdom with the world, is going through a major transformation that requires reshaping The postal and logistical industry, keeping pace with the change in customer orientations, focusing on the level of their service, and adopting a commercial thinking style.
Al-Jali indicated that the Post has developed an operational strategy to ensure the compatibility and integration of the network design to support the country's ambitions for the 2030 vision, indicating that the corporation provides its services to the business sector through an electronic platform designed to provide services to the small and medium-sized enterprises sector that enables it to ship parcels easily and at competitive prices while providing tracking service Complete shipments and dispatch history, in addition to providing digital solutions such as commercial publishers and others and digital mailboxes, supported by a wide network of branches and locations for receiving or delivering parcels, making it a great commercial platform for our future services.
He said that Saudi Post is interested in leading the market to think differently, develop offers for competitive products, support customer needs by diversifying services and move towards e-commerce and neighboring markets, in addition to adopting digital technologies substantially to increase the group’s effectiveness, and also sharing available assets from human resources or activities. Logistics within the postal system to increase its utilization, pointing to several major investment opportunities planned in several fields, which are the establishment of advanced sorting and processing centers, renewal of transport and operation networks, redesigning the retail network, offering new digital and logistical services, and improving customer experience.
Al-Jali said that the business sector in the Kingdom in general and the eastern region, in particular, communicates with the institution and provides various services, noting that the business sector is characterized by flexibility, development, and always interaction with the services provided by the post, indicating several partnerships and investment opportunities that support the issue of transformation in the digitization and logistical sector. , Financial and government services.
The Prince of the Eastern Province sponsors the virtual visits of the Patient Friends Committee
21/04/2021
The Prince of the Eastern Province sponsors the virtual visits of the Patient Friends Committee
The Patients' Friends Committee in the Eastern Province has started its annual inspection visits during the blessed month of Ramadan, with a virtual visit (Monday 19 / April / 2021) under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, Honorary Chairman of the Committee, provided that the program is completed During the coming days, virtual visits to hospitals in the region.
The first visits that started in the medical complex in Dammam resulted in several businessmen and members of the committee donating an amount of (2) million riyals, where medical equipment and supplies were provided to the complex.
In this regard, the head of the committee and the general director of health affairs in the eastern region, Dr. Ibrahim bin Abdul-Karim Al-Arifi said that the committee had started from great goals, represented in sharing the concerns of patients from the people and people of the eastern region, and contributing to ending their suffering, relieving their pain and assisting in their treatment, until they return Healthy people once again participate in building and advancing their society, and the committee, over the course of extended decades, has been able - as a well-established institutional entity - to be a catalyst for the business sector by donating and providing charitable works, and to promote the principles of public service among all members of society, and to represent a realistic embodiment of the idea of partnership Social between the public and private sectors. This partnership, which is now on the list of priorities of the Kingdom's Vision 2030.
He added: “The contributions of businessmen in the region during the years 2020-2021 have grown to more than (7) million Saudi riyals, which enabled the committee, thanks to God first and then with these effective contributions, to achieve its goals and provide assistance to patients according to their needs, as well as secure medical devices for hospitals.
He stressed that the committee appreciates businessmen for their noble and responsible stance by supporting the committee's efforts to confront the emerging coronavirus pandemic, as everyone came to provide support for the committee’s initiative in the first phase to do its part to confront this pandemic by coordinating with the Command and Control Center at the General Directorate of Health Affairs, where they presented the up to To (5) million riyals in the first campaign of the committee’s initiative to provide urgent medical supplies, which were delivered within days of their request, which helped the health practitioner carry out his duties towards this pandemic, and they also provided support for the second campaign of Patients' Friends Committee initiatives at the beginning of the current year 2021, with nearly (2) One million riyals) to confront the Coronavirus pandemic by contributing to the launch of the national project for the vaccine in hospitals and primary health care centers in the First Health Cluster in the Eastern Province, where more than (10) health centers have been equipped to receive patients who deserve the vaccine.
Al-Arifi, on behalf of all members of the committee, valued the continuous follow-up and great attention from His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, for the Committee and its work and their continuous support, to advance charitable and volunteer work In the region .. expressing his hope that the Patients' Friends Committee will always be the effective mediator between the donors who are businessmen in the eastern region who are pioneers in philanthropy on the one hand, and the needy patients from the wealthy people of this region on the other hand.
For this part, Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi (Vice Chairman of the Committee), said that the Asharqia Chamber will continue to be the incubator for all initiatives and activities that provide added value to the country, whether from the economic portal or the social portal. He explained that the Patient Friends Committee is one of the activities that the Chamber has held since its establishment and launch as one of the specialized committees until it was circulated to become part of the national community activity in all Saudi chambers in full coordination with the directorates of health affairs in the honorable Saudi regions, and we are witnessing these heartening situations We express our pride and pride in supporting the wise leadership of this generous country that supports such initiatives and gives them official status, as it is charitable activities in the month of goodness, in the countries of goodness, the country of the Two Holy Mosques. Emphasizing that patients are a category dear to all of our hearts, and what we offer to them is part of the responsibility entrusted to us by God Almighty and that helping them in this holy month is one of the best affection and best deeds.
He expressed his sincere thanks and appreciation to His Royal Highness Prince Saud bin Nayef bin Abdulaziz (The Prince of the Eastern Region and Honorary Chairman of the Committee) and His Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, Deputy Governor of the Eastern Province, for their great efforts to serve the region and the people of the region, and their sponsorship of the Patient Friends Committee. Connected to the dear brothers in the General Directorate of Health Affairs in the Eastern Region, headed by Brother Dr. Ibrahim Al-Arifi, for the great efforts that have manifested themselves during the pandemic period and are still.
A specialist: The Internet of Things brings huge revenues, and the experience is stimulating in the Kingdom
21/04/2021
In a public lecture organized by the Asharqia Chamber through video communication
A specialist: The Internet of Things brings huge revenues, and the experience is stimulating in the Kingdom
The head of the Arab Investor House, Dr. Nabil bin Muhammad Shalabi, explained that the expected returns from the entry of modern technology into the details of public life, or what has been termed "the Internet of things", will surpass the global level of $ 1.1 trillion in the year 2025. So the number of things that are connected will reach about 25.2 billion calls, and the volume of spending through this technology in the Saudi market is expected to reach 7.2 billion riyals, by the year 2030.
In a lecture organized by the Asharqia Chamber via video calling on Tuesday evening 20 April 2021 entitled “Internet of Things Applications for Small and Medium Enterprises,” Shalaby indicated that the “Internet of things” is among the emerging technologies highlighted by the Fourth Industrial Revolution (that followed the previous three industrial revolutions), which These include artificial intelligence, robotics, self-driving vehicles, 3D printing, nanotechnology, biotechnology, materials science, quantum computing, blockchain, and other technologies.
The lecturer reviewed several economic fields in which small and medium enterprises can embody the technology (Internet of Things), and then achieve development and growth in the level of performance. Among them, he mentioned: industry, maintenance, transportation, energy, water, retail, health care, cities, and smart homes, supply chains, agriculture, hospitality and hotel, things that can be worn by humans, hologram applications, and other fields.
Shalaby reviewed examples of successful ideas, projects, and companies in both the Kingdom and the sisterly Arab Republic of Egypt, and how the small and medium enterprises sector has benefited from this technology in achieving additional promising income and returns.
Asharqia Chamber organizes a lecture that reviewed the uses of artificial intelligence in the business sector
20/04/2021
Asharqia Chamber organizes a lecture that reviewed the uses of artificial intelligence in the business sector
Asharqia Chamber, represented by the Communications and Technology Committee, organized a lecture on the evening of Wednesday, April 19, 2021, which reviewed the uses of artificial intelligence in the business sector.
During the lecture, the consultant in data science and artificial intelligence, Ahmed bin Saeed Bukhamseen, spoke about the importance of artificial intelligence as a branch of computer science, where the term artificial intelligence refers to systems or devices that simulate human intelligence to perform tasks that enable it to improve itself based on the information it collects. Pointing out that artificial intelligence manifests itself in several forms, the first of which (artificial intelligence) is explained as a technology that enables computers to simulate human behaviors, and the second (machine learning) is defined as a subset of artificial intelligence technology that uses statistical methods to enable machines Of improving experiences, the third is (deep learning), which is a subset of machine learning that makes computing multi-layered neural networks possible.
On the possibility of helping enterprises, Bukhamseen said that artificial intelligence can provide assistance by providing a more comprehensive understanding of the abundance of available data, and also relying on predictions to complete highly complex tasks in addition to the usual tasks, noting that companies use artificial intelligence in the first place for several considerations. These are: Detecting and deterring security interference, which accounts for 44 percent of companies' concerns, 41 percent for solving technical problems of users, 34 percent to limit production management work, and 34 percent to measure internal compliance when using approved suppliers.
Bukhamseen explained that artificial intelligence has become a tangible reality and exists everywhere, and humans deal with it directly, as it exists in self-driving cars, smart homes, and virtual assistants, but in companies, it is present in the education sector, digital supply chains, and the health sector.
On the most prominent Saudi applications of artificial intelligence, Bukhamseen has shown several industries and programs that have become dependent on artificial intelligence outputs, in the maintenance sector it invests in achieving predictive preventive maintenance, and in social media, it contributes to analyzing customer satisfaction and analyzing brand performance indicators, and in the real estate sector, it helps In determining the type of property and analyzing real estate deals.
Asharqia Chamber organizes the annual Ramadan gathering for businessmen
15/04/2021
Asharqia Chamber organizes the annual Ramadan gathering for businessmen
Asharqia Chamber, through visual communication technology, organized, on Wednesday 2 Ramadan, the annual Ramadan congratulatory meeting for businessmen at the main center and its various branches and centers, which witnessed distinguished participation from the business sector, Chamber subscribers, and those interested in the Eastern Region.
The meeting reviewed the interest and keenness the wise leadership attaches to the prosperity of the national economy, and the great incentives it provides to increase the effectiveness of the private sector in the country's growth and development process, and they indicated the leadership’s great interest in providing health protection for all, citizens and residents, to continue work. With precautionary measures in the face of the Corona pandemic, we pray to God Almighty to raise the nation's flag high among nations and perpetuate the blessing of security and safety on it.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Ramadan communication meeting between the sons of the business sector in the Eastern Province and each other comes within a practical program that the Chamber undertakes to bring about an intellectual mixing and knowledge communication among the sector leaders in various fields, believing in the development of this Relationships are reflected positively on the outcome of the performance of the national economy, which grows and develops with the cooperation of the people of the country in various locations and disciplines.
He pointed out that the Chamber has a special interest in communication and the exchange of dialogues and views between members of the economic community in the region, especially in light of this Ramadan atmosphere that is characterized by privacy, stressing that this meeting would deepen communication between the participants and each other, and indicated that the chamber has been holding meetings Ramadan communication to establish the concept of communication with its subscribers in all occasions and events.
Al-Khalidi stated that the Chamber always seeks to achieve more communication and acquaintance between its subscribers and each other, saying that the month of Ramadan is the most appropriate for holding such meetings in a suitable religious and social atmosphere, stressing that all businessmen with their various activities, fields, and locations in the region They are members of one family united by the friendliness and brotherhood principles, extending his thanks to the participants and all the business sector and others interested in attending the Ramadan communication meeting, because of the importance it carries in deepening the bonds of relations between all.
Asharqia Chamber accomplishes more than one million digital operations for direct services to subscribers
13/04/2021
Asharqia Chamber accomplishes more than one million digital operations for direct services to subscribers
During the year 2020, Asharqia Chamber completed more than 1.5 million digital operations for services directly targeted to subscribers, such as "subscriptions, endorsements, commercial services, and various other services", through the digital portal that was launched in response to the exceptional situation resulting from the Corona pandemic that included life in general.
The Chairman of the chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, described this as a "qualitative achievement", which confirms that the chamber has surpassed all the effects of the pandemic through the digital transformation of a large percentage of the Chamber's services to its subscribers. He explained that all this came as a result of the Chamber's keenness represented by the board of directors and the executive body to facilitate all services, and then proximity to the subscriber and meet all his needs to complete his operations easily and easily, so we always strive for continuous development. Introduction, to develop, facilitate and accelerate.
Al-Khalidi added that the Asharqia Chamber is striving to keep pace with the digital transformation that the Kingdom is witnessing in general, which is taking rapid, steady, and accurate steps to achieve the vision of the Kingdom 2030, and works seriously to facilitate all direct and indirect services for the business sector in the region and to help build an effective economy in the development of a prosperous economy for the Kingdom. Noting that the digital transformation in the Asharqia Chamber was not the result of the pandemic, rather it was a goal that was planned for years, and I worked to transform it into an “electronic room”, with evidence that all transactions in the room are carried out in this way, and what happened to the emergency pandemic was that it contributed to the acceleration. In the process, and expanding it further, the results were positive, due to the presence of infrastructure in the room ready for such emergencies.
For this part, the Chamber's Secretary-General, Abdul-Rahman bin Abdullah Al-Wabel, said that the advancement of services, development in their provision, and creativity in means are among the most prominent concerns and priorities of the Asharqia Chamber since these services are reflected in the performance of the private sector and raise the level of contribution to comprehensive economic development, and support all public national options. During the past year, we have witnessed more development, diversification, and increase in events and occasions, as well as direct services, and we have witnessed an increase in the number of subscribers who exceeded one hundred thousand subscribers during the past year, despite the exceptional circumstances imposed by the Corona pandemic.
Asharqia Chamber and "Human Resources" sign a memorandum of cooperation to employ girls with special needs in the decoration sector
12/04/2021
Asharqia Chamber and "Human Resources" sign a memorandum of cooperation to employ girls with special needs in the decoration sector
Asharqia Chamber, represented by the Women's Works and Centers Committee and the Ministry of Human Resources and Social Development Branch represented by the Emiratisation Department, signed a memorandum of cooperation to support the employment of deaf girls with disabilities in the decoration and beauty sector and to provide all the requirements of this matter such as training and passing the issue of empowerment.
The memorandum was signed by the Chairman of the Board of Directors of the Asharqia Chamber, Abd al-Hakim bin Hamad al-Ammar al-Khaldi, and the Director-General of the Ministry of Human Resources and Social Development Branch in the Eastern Province, Abd al-Rahman bin Fahd al-Muqbil. The memorandum aims to discover the talents of deaf girls with disabilities, to support them and refine their skills, and provide job opportunities New to them in the beautification and beauty sector in the workshops and centers in the Eastern Province, and work to integrate these girls into society through training that ends with employment, according to the evaluation of the type of disability.
The signing ceremony was attended by the Chamber's Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, the Assistant Director-General for the Human Resources Sector at the Ministry’s branch, Mohammed Al-Atrash, the Director of the Emiratisation Department at the Ministry’s branch, Fahd Al-Zoubi, and the Chairman of the Council of the Association of Deaf and Hard of Hearing and Their Families, Riyadh Al-Sheikh.
During the signing ceremony that took place on Monday 12 April 2021 at the Ministry's branch in Dammam, the head of the Women's Works and Centers Committee in the Asharqia Chamber, Shuaa Al-Duhailan, expressed a firm conviction among all of the importance of caring for the deaf group with their abilities, competencies, and talents, which requires work to provide what befits that category To reach the merit at work and develop talents by refining skills.
Al-Duhailan referred to the Saudi young woman, Manal Al-Azouri, who is from the deaf category who participated in a global competition held annually at the World Youth Business Organization in Britain, where she entered the global competition with her project for a shop for designing women's clothes, makeup and purifying the skin, which enhances conviction and faith in the creativity of that category that is distinguished by various talents And then launching support, empowerment, and assistance to reach the integration of this group, especially girls, and gives them full right to work and practice their hobbies according to their capabilities.
Asharqia Chamber is organizing a workshop to introduce Jadeer services to small and medium enterprises
11/04/2021
Asharqia Chamber is organizing a workshop to introduce Jadeer services to small and medium enterprises
Asharqia Chamber, represented by the Small and Medium Enterprises Center, in cooperation with remote facilities, on Sunday, April 11, 2021, held a workshop to introduce Jadeer services to small and medium enterprises.
Nayef Al-Arifi, Director of Supply Chain Services, talked during the workshop about Jadeer Service, as he defined it as an electronic service that works to rehabilitate and empower small and medium-sized enterprises, by linking them to the purchasing opportunities of the public and private sectors, indicating that the service aims to quickly reach small and medium-sized enterprises with opportunities. Knowing the capabilities and activities of establishments to analyze them, assisting unqualified establishments in identifying and addressing their obstacles, and increasing local content by linking small and medium enterprises with large enterprises, as well as internal and external marketing of their capabilities.
Al-Arifi stressed the importance of technical qualification through a worthy work in raising technical competence with the participation of those with expertise, in addition to developing and raising competencies through performance management and evaluation, use of support services, and cooperation with the supporting authorities, in addition to reaching markets, bringing in the target audience and building communication relationships with them.
Al-Arifi said that the business sector is one of the entrepreneurs who represent the small and medium-sized enterprises sector, who are distinguished by innovative ideas and high aspirations through which they can develop their business and update the market language, pointing out that Jabir's services came to transfer their business to the new year that they wish to work in, but in a way of work and an organized mechanism. It guarantees stability and provides the best for them and their business.
Asharqia Chamber and Dammam Medical Complex sign an agreement to equip a special center to vaccinate employees of the hospitality and entertainment sector
08/04/2021
Al-Buali: The agreement aims to coordinate the vaccination of 20 thousand employees in the hospitality and entertainment sector
Asharqia Chamber and Dammam Medical Complex sign an agreement to equip a special center to vaccinate employees of the hospitality and entertainment sector.
On Thursday, April 8, the Asharqia Chamber and Dammam Medical Complex signed an agreement supporting the equipping of a special center and coordination to vaccinate employees of the hospitality and entertainment sector in the region with the Covid-19 vaccine, targeting about 20 thousand workers affiliated with the activities of restaurants, cafes, and hotels in the eastern region.
The agreement was signed by the Asharqia Chamber, Vice-Chairman of its Board of Directors and Chairman of the Hospitality and Entertainment Committee, Hamad bin Muhammad Al-Buali, and from Dammam Medical Complex, Dr. Muhammad bin Dhafer Al-Ahmari, Chief Operating Officer of Dammam Health Network, one of the components of the Eastern Health Cluster.
Al-Buali said that the agreement coincides with the state's relentless efforts to prepare the atmosphere for the return of normal life, pointing out that vaccinating about 20 thousand workers from the hospitality and entertainment activities in the Eastern Region against the Coronavirus supports the revitalization and growth of the sector and provides a great deal of health safety for the residents and visitors of the region, especially with The holiday season is approaching and involves interaction with the great efforts made by the Ministry of Municipal and Rural Affairs and Housing in this regard. It also accompanies the efforts of the Ministry of Health to include the Covid 19 vaccination campaign for all employees of the vital sectors. This trend also confirms the continued interaction of the business sector, their social role, and their initiatives that complement The great efforts made and the great contributions in facing the Corona pandemic.
Al-Buali explained that the agreement included cooperation between the Chamber and the Complex in providing a special center to vaccinate employees of the hospitality and entertainment sector in the region against the Coronavirus, and it also included providing support to the centers of the Dammam Health Network in the Eastern Province.
Al-Buali expressed his thanks and appreciation to the Dammam Medical Complex, which is one of the pillars of the health services network in Dammam and Al-Khobar affiliated to the Health Cluster in the Eastern Province, for its great efforts and its pioneering role in the development of health services in general.
For his part, Al-Ahmari said that the Asharqia Chamber is one of the pillars of development and prosperity for the people of the region, and is distinguished by great history in the areas of community service, and that the agreement is an embodiment of the values of community partnership and anchoring the concepts of constructive cooperation between the private sector, represented by the Asharqia Chamber and the Dammam Medical Complex, and that it will It allows for wider areas of cooperation between the two parties, such as the field of health volunteering and participation in health activities and events, in a way that supports the goals of the vision towards promoting community work and a culture of social responsibility.
Al-Ahmari stressed the close, effective and continuous cooperation between the chamber and the complex in many areas of societal concern, praising the role the chamber plays in the framework of social responsibility and motivating the business sector to adopt its concepts.
The signing ceremony was attended by Dr. Salih Alsoulouk and Chief Operating Officer of the Health Network Eng. Hammam Al-Juhani and the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabel.
The Social Development Bank supports staff and existing projects
08/04/2021
During a meeting with women entrepreneurs in Al-Qatif Governorate
The Social Development Bank supports staff and existing projects
The director of the women's branch of the Social Development Bank in the Eastern Province, Fawzia Al-Qahtani, explained that the bank’s services aimed at pioneers in the field of business are numerous, including financing, to a basic degree, in addition to training, counseling, and awareness. The main goal of all this is to improve the material level of the Saudi citizen.
Al-Qahtani said during a remote meeting organized by the Asharqia Chamber represented by the Women's Empowerment Center on Wednesday (7 / April / 2021) with female entrepreneurs in Qatif Governorate and managed by a member of the Chamber’s Business Council in Qatif Governorate, Abeer Jleih, that the bank has witnessed many developments, depending on the developments of the economic and social situation. The year 1391 AH, with a capital of five million riyals, and its activity initially focused on providing social loans. The situation developed and in 1427 the new system was issued and its areas of work developed and expanded, and the capital was increased to 6 billion riyals, which was also increased in the year 1432 to 36 billion riyals. , And from there to 46 billion in the year 1435 before changing its name from the Salvation and Savings Bank to the Social Development Bank in the year 1438.
Accordingly, Al-Qahtani indicated that the bank carries a future vision that is to be a pioneer in enabling social development tools and enhancing financial independence for individuals and families towards a vibrant society, by providing financial and non-financial services and saving programs that are meaningful and effective and supported by qualified human cadres to contribute to social development, building Partnerships with multiple sectors, spreading financial awareness, and promoting a culture of self-employment among all segments of society.
In this regard, Al-Qahtani emphasized the keenness of those in charge of the bank to ensure the success of the projects and to ensure the feasibility and goals for which the loans were granted. Therefore, when the Corona pandemic prevailed, the country undertook several initiatives to protect the projects that were granted loans from the bank represented by delaying the payment time for a period of six months for the projects that were available during the two years. For 2019 and 2020, it was extended for another 6 months, and some of those affected even got rescheduling of dues.
The bank also launched during the pandemic period - according to Al-Qahtani - under the name of "horizon" and it was presented to existing projects. The first projects included in this initiative were medical projects of importance during the pandemic, and funding for them was rapid. About a thousand medical facilities were funded during the last period.
Among the services provided by the bank to support self-employment is the “trade franchise” initiative, which Al-Qahtani said was launched 4 years ago. The bank’s role is to mediate between the “donor” and the “grantee”, so financing is provided to entrepreneurs (and women entrepreneurs) who want to work. In this formula, which carries many advantages, especially for those wishing to start directly with their projects, with fewer efforts, plans, and expenses, we have (16 donors) for well-known brand names in various disciplines.
Based on all of this, she confirmed that the bank seeks to monitor those who are serious and those who want to work, so she gives them .. confirming that self-employment can take place in homes so that the free person can get financing, training, counseling, and awareness, so what he has to do is take advantage of the opportunity and make the necessary licenses and follow-up.
Al-Qahtani praised the initiatives that were taken during the past period throughout the Eastern Province, and in the Qatif Governorate in particular.
Jana Center: Supporting 145 projects with more than one billion riyals over 10 years
08/04/2021
During a meeting of Eastern pioneers of Asharqia Chamber
Jana Center: Supporting 145 projects with more than one billion riyals over 10 years
Asharqia Chamber, represented by the Women's Empowerment Center, organized a meeting of the pioneers of the East, which hosted specialists at the Center for Providing Support for Micro-Projects in which Productive Families are Specialized.
The Executive Director of the Jana Mahmoud bin Muhammad al-Shami Center spoke during the meeting that was held on the evening of Wednesday April 7, 2021, and was moderated by the Vice President of the Young Businessmen Council in the Chamber Najla Al-Abd al-Qadir that the center provides good collective loans to female clients without traditional guarantees in a gradual way until the beneficiary arrives, indicating that the center has succeeded In support of 145 projects totaling one billion and 300 million riyals, within 10 years.
Al-Shami said that the center specializes in micro-projects, where the support phase starts with an amount of 6 thousand riyals and reaches 50 thousand riyals through various support programs, pointing out that the Jana Center was established in 2010 as one of the specific programs of the Sulaiman Bin Abdulaziz Al-Rajhi Foundation for Development Finance, which is a project A socio-economist that provides good loan services to women to establish businesses that guarantee them improvement in their material income and occupy a more effective position in society.
Al-Shami explained that the importance of the center lies in its being an economic project with social dimensions targeting women - especially the unemployed group - and everyone who wants to work and produce, by providing credit services and establishing a culture of productivity and the principle of self-reliance in a way that guarantees self-employment opportunities for them, which contributes to reducing My phenomenon: poverty and unemployment in society, and empowering women socially and economically through effective, meaningful income-generating projects.
For her part, Noura bint Muhammad Al-Khader (Business Development Department at the Center) said that the center's message explains the mechanism for empowering beneficiaries economically and socially to create a development impact by providing financial and non-financial services in accordance with best practices, and from here the need grows to instill a culture of work and production in the community and provide its members with practical experience And technical consultations and providing good loans that help them to start their small and micro projects to contribute to development, and because women in many cases are the only breadwinners and have a duty to preserve the family and provide the necessary life requirements, the need for a center specialized in building productive families with what it provides of financing services and counseling Technique that helps the family to provide a decent living and maintain its social cohesion.
Al-Khader indicated to the center’s specialists who are keen to meet the client in order to understand her circumstances and accordingly provide her with a loan that is commensurate with her capabilities. The customer department and providing specialized consultations that help the continuation and success of the work, the development of project products and its evaluation as well, in addition to measuring the impact of the loan and support on the beneficiary and the development of her project and the level of its quality.
Asharqia Chamber and Riyad Bank sign an agreement to support small enterprises and increase their contribution to local content
07/04/2021
It included providing exclusive facilities, services, and financing products to Chamber's subscribers
Asharqia Chamber and Riyad Bank sign an agreement to support small enterprises and increase their contribution to local content.
On Wednesday, April 7, 2021, the Asharqia Chamber signed a Memorandum of Understanding with Riyad Bank, which included providing exclusive facilities, services, and financing products to Asharqia Chamber subscribers, in the framework of supporting local small and medium enterprises and contributing to increasing local content in line with the goals of Vision 2030.
The signing of the agreement was attended by the President of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and its Secretary-General Abdulrahman bin Abdullah Al-Wabel, and representatives of Riyadh Bank, Vice President - Regional Director of Emerging Business Banking in the Eastern Province, Muhammad bin Ali Al Salem, and Assistant Vice President - Emerging Business Banking Team Leader, Nawaf Abdullah Al Dossary, and Senior Manager - Emerging Business Banking Team Leader, Abdulaziz Muzal Al-Enzi.
Al-Khalidi said that the agreement strengthens the existing cooperation between the Chamber and Riyad Bank, and supports the state’s objectives towards the advancement of small and medium enterprises, which are of utmost importance in supporting the national economy and advancing development, because of their positive impact on the economic and social levels, and what they can contribute to In increasing exports and opening new markets for work, he expressed his thanks and appreciation to Riyad Bank for its great efforts in supporting small and medium enterprises and providing many services and financing solutions to their pioneers.
Al-Khalidi explained that the scope of the agreement included many items that would support small and medium enterprises and enhance their role in contributing to the gross domestic product and achieving the goals of the vision, noting that it included establishing a joint working group between the Chamber and the bank to study launching new products and initiatives and providing exclusive financing solutions that serve segments. Various investments, especially from the Chamber's subscribers.
For his part, Al Salem praised the close and effective cooperation between the Chamber and Riyad Bank in many areas, perhaps the most prominent of which is the interests of small and medium enterprises, and said that this agreement comes as a step for the effective participation between the bank and the Asharqia Chamber in providing a balanced and sustainable development environment that supports the growth of small and medium enterprises and keeps pace with the goals of the vision. Concerning this sector, in particular, he praised the services provided by the Asharqia Chamber to young entrepreneurs, which have a long history of supporting and motivating them to move towards self-employment.
Al Salem indicated that the Memorandum of Understanding is an important step for entrepreneurs to realize the bank’s products through the meetings and workshops that the Chamber holds aiming at introducing them and entrepreneurs to the products and financing solutions provided by the bank, in addition to the fact that the Chamber will provide support to enterprises financed by the bank or Those wishing to finance through training courses, workshops, development programs, and providing advice through the various programs provided by the Chamber.
Al-Wabel praised the agreement and considered it a great opportunity for entrepreneurs from the owners of small and medium enterprises, and that it supports the Chamber's permanent and continuous efforts towards concerted efforts and integration with various bodies in support of young businessmen, noting that empowering small and medium enterprises is a fundamental pillar of the 2030 Vision. And that this agreement, including the provisions it contained, will have a positive impact on the growth of emerging enterprises and their further spread among the business sector in the eastern region.
The Red Crescent: it went to establish modern ambulance centers in public parking lots and parks, in partnership with the business sector
07/04/2021
The Red Crescent: it went to establish modern ambulance centers in public parking lots and parks, in partnership with the business sector
The Director-General of the Saudi Red Crescent Authority branch in the Eastern Province, Dr. Khaled bin Radi Al-Enzi, affirmed the partnership with the business sector, praising its role in providing support and interaction with the branch’s initiatives, and providing expertise and advice in all the details related to the branch’s work.
Al-Anzi said during a monthly meeting for the business sector organized by the Asharqia Chamber on Tuesday evening April 6, 2021, and managed by the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabel, that the Saudi Red Crescent Authority is moving towards a new initiative to transform into the establishment of small aid centers within the available spaces of public parking spaces and parks with an area of \ u200b \ u200b 90 square meters.
Al-Enzi explained that the project aims to optimize the use of operating expenses, achieve proliferation, and cover the city's suburbs completely, to reach global rates of response time (less than 10 minutes), noting that securing the project sites is being implemented in coordination with the Eastern Region Municipality.
Al-Enzi pointed out that this new project is a valuable opportunity for the business sector to contribute to its implementation, pointing to several advantages that the supporting bodies obtain from the business sector. Small in size, in addition to that it works with one ambulance, and low in cost, as the cost of building it does not exceed 350 thousand riyals percenter, as it is linked electronically to the main centers.
Al-Enzi stated that the authority and within its vision is seeking to create 25 aid centers and replace 26 rented emergency centers, pointing out that the new system will follow several emergency centers from the smaller centers to a large intermediate ambulance center, unlike what is currently working in, where the ambulance centers are linked to the ambulance departments, stressing that this provides Streamlining of work in addition to the need for administrative offices, warehouses, or spare cars in the mini-emergency centers.
Al-Enzi indicated that 40 percent of the Red Crescent centers are either rented and high-cost, or prefabricated houses that do not match the expectations of the work environment and do not keep pace with the principles and requirements of modern technology, and for this reason, the authority seeks to establish modern, advanced centers alternative to these centers in the framework of keeping pace with development and creating a modern work environment.
Al-Muhaidib: Artificial intelligence possesses superior capabilities and will become a need in the future
06/04/2021
Al-Muhaidib: Artificial intelligence possesses superior capabilities and will become a need in the future
An artificial intelligence specialist emphasized the need to understand the term and then start converting the understanding into reality, noting that the future image is unexpected and unlikely.
Dr. Saud bin Muhammad Al-Muhaidib added in a lecture entitled (The uses of artificial intelligence in the development of small and medium enterprises), transmitted remotely yesterday, Monday 5/4/2021, that the idea of artificial intelligence becomes clear if we know the difference between several terms (machine, robot, and intelligence), The machine needs an operator such as a car, a plane, and a sewing machine, so it does not work alone, no matter how developed, but turns into a "robot" if it has the ability to learn and deduce the rules, so if the pilot becomes pilotless, and the car without a driver becomes a "robot", but if results and data are given And it has the ability to draw possible and expected results that turn into "intelligence", which works according to the equation (data + results = rules),
Artificial intelligence, according to Dr. Al-Muhaidib, is to enable the device to learn from events and create patterns, or to enable the device to guess decisions about emerging events ... stressing that this term is subject to change and change in the future, as experiments confirm this, as in the eighties the number of computer users was very limited. While at present everyone is dealing with it in some way. Adding that the future suggests that we will enter this world gradually, and it will be a need that we cannot do without, so we have to understand the term and then convert it into a reality that serves us, each in his field.
He mentioned that artificial intelligence possesses superior capabilities, from which problems can be discovered and solutions can be presented, but - with all that - the future cannot be imagined how it will be. We did not imagine thirty years ago that we would have the Internet with its known details, but we imagine that the prevalence of artificial intelligence will lead to the emergence of A non-human labor force, and you will not need to work more or longer, but smarter, as it contributes to improving decision-making, especially since we are in a luxurious world and we must begin to understand the term and then transform it into reality.
A cooperation agreement between the Asharqia Chamber and the "Human Resources and Social Development" branch to enhance social responsibility in the private sector
06/04/2021
A cooperation agreement between the Asharqia Chamber and the "Human Resources and Social Development" branch to enhance social responsibility in the private sector
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, signed a cooperation agreement with the branch of the Ministry of Human Resources and Social Development in the Eastern Province on Monday, April 5, 2021, in the presence of the Director-General of the Ministry’s branch, Abdulrahman bin Fahd Al-Muqbil, to activate the corporate social responsibility strategy.
The cooperation agreement also aims to enhance social responsibility in companies and the private sector by establishing an infrastructure for social responsibility and enhancing the economic potential to achieve the Kingdom's 2030 vision, and the private sector's contribution to the vital role to create a sustainable impact on community development and contribute to directing social development in the Eastern Province.
Asharqia Chamber signs a cooperation agreement with the Friends of the Environment Association to achieve environmental sustainability
06/04/2021
Asharqia Chamber signs a cooperation agreement with the Friends of the Environment Association to achieve environmental sustainability
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, signed a cooperation agreement with the Friends of the Environment Association at the Ministry of Human Resources and Social Development on Monday, April 5, 2021, the same as Chairman of the Board of Directors Talal bin Sultan Al-Rasheed, at the Chamber's headquarters.
The agreement aims to implement a number of programs and events related to social responsibility in pursuit of environmental sustainability in the eastern region, and to provide expertise and experiences in this field that enrich the practical side of providing high-level services in this field.
Asharqia Chamber is a strategic partner in the second edition of the virtual franchise exhibition
06/04/2021
Asharqia Chamber is a strategic partner in the second edition of the virtual franchise exhibition
Asharqia Chamber is participating as a strategic sponsor in the second edition of the Virtual Franchise Exhibition, which is supposed to be held from April 5- 9, 2021, which has become one of the most important business platforms for franchise owners who wish to grow locally, regionally and globally within the Saudi market.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the virtual franchise exhibition held by the National Privileges Company in its second edition, today embodies an effective model in the advancement of the trade franchise industry that falls within the goals of Vision 2030 by maximizing our investment capabilities in various sectors, indicating The trade franchise provides serious opportunities for national and foreign brands to expand and spread, as well as safe opportunities to increase the investment base in small and medium enterprises, which provides more production and employment opportunities for the national workforce, which strengthens our national aspirations to diversify the base of the national economy.
Al-Khalidi emphasized that the Chamber's presence as a strategic partner in this edition of the exhibition; Rather, it comes within the framework of the Chamber's established principles on supporting and assisting entrepreneurs in launching successful projects and supporting entrepreneurs to develop their businesses. The Chamber realizes the importance of educating and familiarizing young entrepreneurs with the commercial franchise system, which is characterized by low risks as it starts from successful experiences that have already been tested.
For his part, the Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, said that the trade franchise exhibition, despite its recent inception, is now considered one of the emerging and most attended virtual exhibitions, which have achieved great success in the advancement of the commercial franchise industry. Self-employment among young men and women, and her great interest in the franchise industry, she decided her partnership in the exhibition of the year supports her continuous journey in support and support of entrepreneurs.
For her part, the CEO of the Second Virtual International Exhibition of Franchise, Abeer Jleih, appreciated the strategic partnership with the Asharqia Chamber and its sponsorship of the exhibition, stressing that it would have a significant impact in supporting the success of the exhibition, praising the Chamber's efforts to strengthen the business community and provide support and support to business leaders And its continuous work on developing the franchise sector, due to its pioneering role in developing the national economy, and creating job opportunities for a wide sector of the nation's young men and women.
Asharqia Chamber adopts "options" to support the development and activate investment in Ras Tanura Governorate
31/03/2021
In the third edition of the "Takamul" initiative
Asharqia Chamber adopts "options" to support the development and activate investment in Ras Tanura Governorate
On Wednesday, March 31, 2021, the Asharqia Chamber launched a third version of the “Takamol initiative,” as it resulted in the formation of a joint working group between representatives of the “Chamber, the Municipal Council, and the Local Council” in Ras Tanura governorate, whose mission is to research and study investment opportunities in the governorate, the challenges it faces and ways treated.
This step comes after the Chamber launched similar steps in the past weeks in both the governorates of Khafji and Jubail, and it took place during a hypothetical meeting held with the participation of His Excellency the Governor of Ras Tanura Abdul Rahman Al-Arfaj, the Chairman of the Municipal Council, Aref Al-Jafal, and the Mayor, Engineer Saleh Al-Qarni, in addition to the Chairman of the Council The Chamber's management is Abdul Hakim bin Hamad Al-Ammar Al-Khaldi and a member of the Chamber’s Board of Directors and Chairman of the Investment Committee Saadoun bin Khalid Al-Ateesh Al-Khalidi. The need for coordination, cooperation, and integration between all concerned parties was emphasized.
In this regard, His Excellency the Governor of Ras Tanura Abdul Rahman Al-Arfaj said that the governorate is proud of every initiative that will unify efforts and strengthen partnership to reach clear mechanisms to achieve goals and face challenges within the framework of the Kingdom's Vision 2030.
For his part, the head of the municipal council, Aref al-Jafal, said that the council welcomes this idea and this initiative launched by the Asharqia Chamber to promote integrative work and partnership to achieve the required goals. To activate it and take its position on the investment map, and it may have suffered from poor marketing earlier, and we are fully prepared to cooperate to overcome such obstacles.
As for the mayor, Eng. Saleh Al-Qarni emphasized that the Ras Tanura Governorate is characterized by its strategic and economic location, and it has promising prospects for investment, but it faces some challenges.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said in a speech during the meeting that, through the "Takamul" initiative, we aim to unify efforts and consolidate the values of partnership and communication between the people of the private sector in the various governorates of the Eastern Region, and between business councils and all government agencies, which is What is conducive to achieving our aspirations for more participation in achieving the goals of Vision 2030.
He added that the launch of the "Takamul" initiative came to add more economic mobility in the region and keep pace with the goals and aspirations of the vision, which were launched to diversify the base of the national economy, and we are certain that the recovery and the escalating growth in the national economy - despite the challenges - is due to the upholding of the values of cooperation. The complementarity confirmed by the vision and became it .. explaining that this meeting with the brothers in the Ras Tanura governorate comes as part of a series of meetings introducing the initiative to enrich dialogue and discussion about the foundations, mechanisms, and best formulas that would achieve optimal integration between the private sector and the councils of Ras Tanura Governorate, including These principles and formulas make it easy to exchange information and seek opinions on all common issues. He expressed his hope that this initiative will enhance the economy of Ras Tanura Governorate, as well as opportunities for integration and cooperation between us, and that it will contribute to achieving the goals and aspirations of the future vision.
For his part, the speech of the Chairman of the Chamber's Foreign Investment Committee, Saadoun bin Khaled Al-Ateesh Al-Khalidi, said that in light of the current entitlements, initiatives to stimulate cooperation, integration, and unify efforts are now a priority on the agenda of all government agencies and others, as they represent a strategic option that supports the achievement of sustainable economic growth and enhances the contributions of All parties in the vision march and its goals.
He added that the "Takamol" initiative, with its goals and aspirations, is an attempt to push more in the direction of enhancing opportunities for integration, concerting efforts, and cooperation according to mechanisms to be agreed upon between the Chamber as a representative of the private sector and between the various councils and branches of government agencies in the governorates of the Eastern Region, including the Governorate of Ras Tanura) ... Believing that integration is an effective tool in weaving threads of cooperation and exchanging information and opinions, in a way that achieves excellence in performance and raises the rates of ability to address challenges of economic concern, achieving integration leads to more positive competitiveness in the framework of economic work.
In a visual presentation on the initiative, Saadoun Al-Khalidi said that the "Takamul" initiative comes as a step taken by the chamber to push towards enhancing opportunities for integration, concerting efforts, and cooperation according to mechanisms to be agreed upon between the chamber as a representative of the private sector and between the various councils of the region and branches of government agencies in it. Believing that integration is the effective tool in weaving threads of close cooperation and the exchange of information and experiences, to achieve excellence in performance and raise rates of ability to address challenges of economic concern, achieving integration leads to positive competitiveness in the Kingdom with high levels of performance and productivity.
He mentioned that the initiative relies on several pillars represented in activating the partnership mechanism between the public and private sectors, following the latest methods and techniques in marketing investment opportunities for the business sector in the governorates, supporting the entrepreneur's sector for modern projects, overcoming obstacles and difficulties facing them, allocating investment projects for this category, and supporting them. With advisory and financing solutions, encouraging digital transformation services in the governorates for the public and private sectors, and enhancing the media role to cover the effectiveness and activities of the initiative and its strategic pillars.
Asharqia Chamber of Employment Center supports localization with 6 job interviews during the first quarter of 2021
31/03/2021
Asharqia Chamber of Employment Center supports localization with 6 job interviews during the first quarter of 2021
Asharqia Chamber, represented by the Chamber's Employment Center, during the first quarter of the current year 2021, made several achievements in support of localization in the private sector, by playing the role of mediator between job seekers and enterprises looking for qualified national talent.
In this regard, according to the report issued by the center for the period (from January 1 to March 31, 2021), the number of job seekers registered with the center during this period amounted to about (2719 researchers and job seekers) of various qualifications and specializations, while the number of establishments That announced job opportunities on the center’s website during the aforementioned period reached (66 establishments), as the center provided all the required information about job seekers through employment meetings held in the chamber or through direct dealing with the website, and then communicating with Male and female students works according to specialization.
In this regard also, during the same period, 772 different jobs were offered through the center’s website or through employment meetings that the center has been holding from time to time. During the aforementioned period, 6 job meetings were organized in separate periods, Which took place according to the requests of the beneficiary companies and institutions, and through these two channels, 665 researchers and jobseekers were hired (either from the jobs offered on the site or by searching the CVs).
Commenting on this, the Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that these achievements are one of several activities that the Chamber undertakes to support our national options in the localization of jobs, as our approaches intersect with all governmental and private agencies to attract the competencies that our beloved country abounds in and to provide fields a work whereby it can serve this generous nation, elevate its status, and strengthen its position on the global economic map, as we all look forward to all our achievements and projects being national ideas and hands, supported by national and foreign investments, and this is what the Kingdom's Vision 2030 emphasized in many of its optimistic items With a bright future.
The Chairman of the Asharqia Chamber: The "partner" program is a new start in which the private sector works towards a broader partnership in building the national economy
31/03/2021
The Chairman of the Asharqia Chamber: The "partner" program is a new start in which the private sector works towards a broader partnership in building the national economy
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the program to strengthen partnership with the private sector is a "partner", announced on Tuesday 30 March 2021 AD, His Highness the Crown Prince supports the goals of the vision in sustainable growth and enhances the role of the private sector in development, affirming It is great confidence and the start of a new and distinct era in which the private sector works towards a broader and greater partnership in building a vibrant and sustainable economy, extending his thanks and appreciation and all the people of the private sector to His Highness the Crown Prince for launching the program and other initiatives that stimulate the private sector, which, if anything, indicates His Highness's full belief in the capabilities of the private sector to positively contribute to the country's paths towards growth and sustainable development.
Al-Khalidi Indicate that the program is a huge start and an opportunity for the private sector, as it includes a balanced package of support and assistance across several financial, operational, and organizational pillars, as it is a positive step towards the Kingdom’s high rates at the global level in terms of enabling business environments, and it also works to accelerate the pace of major companies Towards investment and increasing its competitiveness at the regional and global levels, and thus more investment opportunities for small companies, and the provision of thousands of job opportunities for the national workforce.
Al-Khalidi affirmed that what has been achieved during the past period in terms of decisions and procedures and launching programs and initiatives had the greatest impact on the occurrence of fundamental changes that were positively reflected not only on the private sector institutions and their gains but also on the national economy as a whole, expressing his optimism that the partner program will achieve its desired goals by increasing The contribution of the private sector to the GDP by 2030 to about 65% and to be the largest generator of sustainable jobs in the country.
The Unmanned Vehicle Technology Association ... a step towards the localization of a Saudi industry for "drones aircrafts"
31/03/2021
In a remote meeting organized by the Asharqia Chamber
The Unmanned Vehicle Technology Association ... a step towards the localization of a Saudi industry for "drones aircrafts"
Asharqia Chamber represented by the Communications and Technology Committee, on Tuesday 30 March 2021, organized a meeting entitled "The Role of the Third Sector in Supporting and Enhancing the Drone Industry", where it reviewed the details of the National Project for Unmanned Aircraft Services (Drone)
During the virtual meeting, the CEO of the Society for Motor Vehicle Technologies, Eng. Makarem Al-Jahdali, who gave a presentation on the Society’s goals, vision and objectives, and the investment aspect of its projects, spoke about the fact that automotive technologies represent a great revolution in the field of transportation technologies and services in the last ten years in particular, and they vary In terms of use, it divided into three main sections (air, land, and marine), and unmanned aircraft (drones) represent the fastest development and reliability of these technologies at present, and it is expected that they will witness a prosperous future and a variety of basic applications.
Al-Jahdali said that the technologies of remotely piloted vehicles play a major role in the development process that the Kingdom seeks in various technical, economic, service, and security aspects, which calls for a partnership with the scientific and economic community, professors, scientists, and specialists to find solutions to all challenges and obstacles that stand in the way of these technologies.
During the meeting, moderated by Abdulaziz Al-Enezi, a member of the Communications and Technology Committee, Al-Jahdali reviewed the objectives of the association represented in "bringing together the public and private sectors and local and international organizations under one platform and striving to develop vehicle technologies that help expand scientific studies and discover new horizons for similar fields that contribute to the development of Current technologies and building community partnerships in all fields to enhance and support the technical field. "
On the fields of the association’s work, she touched on drones, boats and submarines, self-driving cars, robots, and the associated control software and communication systems, including fifth-generation networks and electronic support systems for the drone industry, in addition to conducting studies, research and consultations in specialized fields.
She pointed out that the association is subject to direct supervision by the Ministry of Communications and Information Technology, in addition to the Ministries of Human Resources and Social Development, and Transport, and the military, security, educational, service, and general private-sector agencies benefit from their services.
She mentioned that the association has several programs for partnerships, including the partnership program with the government sector, which includes providing partnerships, providing consultations, and obtaining support from multiple parties in the service of the association and its goals, the partnership program with the private sector to sustain the association’s work and its development, and the partnership program with international organizations to benefit from its expertise to support the goals of association.
Asharqia Chamber lectures about food safety and workers
30/03/2021
Asharqia Chamber lectures about food safety and workers
Asharqia Chamber, represented by the Jubail Business Center, organized a lecture on Monday, March 29, 2021 AD, titled "Food Safety and Workers", presented by the Director-General of Services at the Municipal Affairs Agency of the Eastern Region Municipality, Dr. Khalifa bin Abdullah Al-Saad, and moderated by the Chairman of the Jubail Business Council in the Asharqia Chamber, Mubarak Bin Abdullah Al-Meshal.
Al-Saad said that achieving food safety is by increasing consumers ’awareness and full familiarity with the correct cooling and milling procedures, pointing out that there are periodic campaigns to ensure the safety of food products in the market, as well as awareness campaigns based on introducing consumers and food workers to the best methods followed to preserve foodstuff and to achieve its safety.
Al-Saad stressed the importance of preserving perishable foodstuffs in the refrigerator, because leaving it outside the refrigerator increases the number of bacteria and thus the possibility of infection, and that when defrosting frozen foods it must be in the refrigerator and not outside it, and in the case of defecating food in microwaves, it must Cooking food immediately after it is stewed in this way, advising the importance of bringing the food to a state of full ripeness and being careful when storing by following the correct storage rules.
Al-Saad pointed out that productive families who work in the field of providing meals need review in the control process, and that there are projects to subject these families to one platform for food control.
The Chairman of Asharqia Chamber: Made in Saudi Arabia increases the spread of national products and makes them the ideal choice at home and abroad
29/03/2021
The Chairman of Asharqia Chamber: Made in Saudi Arabia increases the spread of national products and makes them the ideal choice at home and abroad
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the launch of the program (Made in Saudi Arabia), which was announced on Sunday, March 28, 2021, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, stressing that it unifies the identity of national products and increases From its widespread at the local and global level, to provide the industrial sector with further growth, and to make the national product the ideal choice at home and abroad.
Al-Khalidi said that the program belongs to all of us, citizens or manufacturers, and that it is an important step and has major implications for stimulating domestic and foreign investments in this vital sector, as well as the spirit of belonging that it spreads in the souls of the people of this country, extending his thanks and appreciation to the position of the Custodian of the Two Holy Mosques and His Highness the Crown Prince for their sponsorship and full support and assistance to the private sector and their belief in its role in achieving the goals of the vision in economic diversification, and to His Excellency the Minister of Industry and Mineral Resources, Chairman of the Board of Directors of the Saudi Export Development Authority Bandar bin Ibrahim Al-Khorayef, and his entire work team for the launch of the program, wishing to be the beginning of the launch of our national products locally and abroad.
Al-Khalidi considered the program as one of the most important steps towards achieving the goals of Vision 2030 by strengthening the position of the Saudi product, which is characterized by high quality, great competitiveness, and keeps up with the highest standards of reliability, which contributes to directing the global purchasing power towards locally manufactured products and services, thus enhancing the Kingdom's export capabilities.
Al-Khalidi affirmed that the 2030 vision laid down a roadmap towards comprehensive development and optimal utilization of the Kingdom's various economic components. Under the guidance of the wise leadership, it drew an ambitious renaissance path, and included many aspirations for the various sectors of the national economy, including the industrial sector, which is recognized and considered a fundamental pillar of the pillars of its economic launch and placed it on its list of priorities in building the future of the Kingdom, and that the Made in Saudi program is one of the vital enablers to achieve the 2030 vision, pointing out that the program represents a great opportunity for the business sector for more partnership in achieving national options.
Al-Majil: 17 billion riyals industrial loans during the year 2020
29/03/2021
In a meeting organized by the Asharqia Chamber
Al-Majil: 17 billion riyals industrial loans during the year 2020
The Chief Executive of the Industrial Development Fund, Dr. Ibrahim bin Saad Al-Majil, said that the fund is currently in a new phase, with new services, and it always seeks to support the major goals of the Kingdom such as “competitiveness, nationalization, and support for small and medium enterprises.” The fund has integration with large companies and the Development Fund. Social, and fully prepared for integration and coordination with the Saudi Chambers.
Al-Majil explained during a remote meeting organized on Monday, March 29, 2021, the Asharqia Chamber represented by the Foreign Investment Committee and managed by a member of the board of directors and head of the committee, Saadoun bin Khaled Al-Ateesh Al-Khalidi, that there are many developments that the fund has witnessed to develop its services. Formulating and shortening it, as well as looking for customer satisfaction and listening to their evaluation of the fund’s performance.
He added that last year, as the Corona pandemic, the Fund launched several initiatives centered on restructuring all loans to small and medium enterprises, and communication with large companies was also made, and we opened a line of credit for the second amount, and this line did not exist before, as the defenses were structured, and we contacted Companies to support the need for rapid expansion of some products (such as the production of masks, whose production capacity has been raised to 10 million masks). Some companies have also been funded to purchase some raw materials.
In this regard, Al-Majil stated that the fund, since 2019, has launched new procedures that resulted in changing the electronic system and the organizational structure of the fund, and the change was comprehensive, and it was supported and interacted by the beneficiary clients.
Based on all this, the volume of lending increased last year to 17 billion riyals, compared to 12.5 billion riyals in the year 2019, due to the keenness of investors to work and then the remarkable increase in lending and facilities provided by the fund, as 86% of clients are from small enterprises and 14 % Of large establishments.
He continued, saying that the average lending time was within 11 months, it decreased to 5 months, and it will reach 4 months in the current year 2021, explaining that global development banks take 6 months to lend, and global commercial banks three months, and we hope that we will reach the level of the latter. The loan grant period is 3 months.
He mentioned that the main goal of all this is financial empowerment, which is no longer limited to new projects, but rather we have a product called "multi-purpose loan" that includes the establishment of the factory as well as its development, and we have developed another product (acquisition financing), which is dedicated to supporting integration and expansion between Industrial enterprises because we focus on the higher goals of the Kingdom, so we provide additional support and a longer period of grace for any project that leads to achieving competitiveness.
Regarding the mechanism of benefiting from the services of the fund, Al-Mojil emphasized that everything is done easily through the application (Absher), explaining that the financing requirements of the fund were developed, facilitated, and shortened as well as the rest of the procedures, by 40% of the previous, as we need to be the beneficiary Has a financial capacity that qualifies him to manage the project, and to be an owner of 25% of the capital and the fund supports it with 25% that may reach 75%. The support may increase if it is an urgent need, and we add to that by appointing for each project an employee under the name of "relationship manager" who continues the disbursement process with the client, and in the event of any problem, he can communicate with any of the officials in the fund, and in the event of stumbling we communicate with him and strive for the project to continue and continue. We have a work team whose task is to reformulate the company if it faltered permanently, so what matters to us is the success of the project, and if the client wants to increase the production capacity, we provide him with additional support and also provide consulting services, and we subject ourselves to evaluation by clients to find out their level of satisfaction.
He called on investors wishing to establish their projects to communicate with the fund before starting the establishment and purchasing equipment, as the fund provides them with advice in this regard that may reduce their expenses.
He stressed that the fund is integrated with the Social Development Fund, and any project with a cost of fewer than 5 million riyals can apply to it, and in case he wants to expand, we can finance that, and if the capital is more than that, he can go to the fund directly.
He expressed the Fund's readiness to communicate with the Saudi Chambers (including the Asharqia Chamber) and to receive letters of support from them for any industrial project, for it to finance it according to the aforementioned conditions.
Asharqia Chamber organizes the " Eastern Pioneers meeting" in Jubail
29/03/2021
Asharqia Chamber organizes the " Eastern Pioneers meeting" in Jubail
Asharqia Chamber, represented by the Women Empowerment Center, on Sunday evening March 28, 2021, organized an “Eastern Pioneers Meeting” in Jubail Governorate, which reviewed the skills of marketing science.
Lina Al-Amoudi, a specialist in public relations and marketing, spoke at the meeting, who explained the marketing process as a social administrative process whereby individuals and groups obtain what they need and this is achieved through the production and exchange of valuable products with others.
Al-Amoudi said that marketing and public relations are related to each other, and in short, they are considered thought, study, the practice of specialization, creativity, distinction, ethics, and values, noting that marketing does not mean selling or advertising through direct mail or promotional publications or others, but rather an integrated process that has origins and art.
Al-Amoudi confirmed that companies after the Corona pandemic have become dependent on marketing to promote their products, especially when the method of selling for these companies due to the Corona pandemic is transformed into the electronic method, as a basic factor in selling and this is what facilitated the marketing process directly related to selling, pointing out that small and medium companies should go to marketing More to deliver their product to a large number of interested and uninterested people since electronic selling through websites has become popular, especially if it is linked to attractive offers.
Al-Amoudi said that large companies are heading towards the art of marketing in the first place, as they need to keep pace with the changes in the digital world, and this is a catalyst for the rest of the companies in the small and medium-sized enterprises sector to follow their example and benefit from their experiences by displaying several skills, namely: personal communication skills, and media communication, and informational communication, and coordination communication skills.
"Al Mazrou" is a major part of the development efforts for the Nadlib program in the Eastern Province
25/03/2021
In a meeting held remotely in the Asharqia Chamber
"Al Mazrou" is a major part of the development efforts for the Nadlib program in the Eastern Province
The CEO of the National Industrial Development and Logistics Program "Nadlib", Eng. Suleiman bin Khaled Al-Mazroua, revealed that a large part of the development work and initiatives for the program focus on the Eastern Region, which is rich in major investment gains and opportunities.
This came during the meeting held by the Asharqia Chamber yesterday, Thursday, March 25, 2021 AD, and moderated by a member of the board of directors and head of the Chamber's Foreign Investment Committee, Saadoun bin Khalid Al-Ateesh Al-Khalidi, and it was also broadcast through visual communication technology, during which Al-Mazroua reviewed the program’s role and importance in achieving integration between its four sectors And its mechanisms for strengthening partnership with the private sector, and enabling packages that include financial solutions, raising the readiness of infrastructure, and developing special economic zones.
Al-Mazrou said that the National Industrial Development and Logistics Program "Nadlib" brings together four main sectors, namely industry, mining, energy, and logistics services. It is one of the programs to achieve the Kingdom's 2030 vision and aims to transform the Kingdom into a leading industrial power and a global logistical platform, in several promising areas. With a focus on applying the techniques of the Fourth Industrial Revolution, pointing out that the new system provides transparency in the investment environment and thus greater motivation for investors.
Al-Mazrou pointed out that the program aims, by achieving integration between government agencies and financing initiatives, to stimulate private sector investment, increase GDP, increase exports and re-export, and stressed that the Kingdom's possession of many resources, whether in energy, raw materials, logistical sites or infrastructure, made it a fertile environment for investments.
Al-Mazroua explained that the program, to raise the level of cooperation between the public and private sectors and provide new financing solutions, recently signed an agreement with Riyad Bank aimed at developing investment financing capabilities for the strategic axes of the program, as well as a memorandum of cooperation with (STC) that aims to cooperate in building national platforms and use cases. For emerging technologies in the sectors of industry, energy, mining, and logistics, stressing that empowering and stimulating the private sector is at the forefront of the program's priorities.
For his part, a member of the Board of Directors and Chairman of the Foreign Investment Committee in the Asharqia Chamber, Saadoun bin Khaled Al-Khaldi, said that in light of the clear structural transformation witnessed by the industrial and logistics sectors during this period and major developments in terms of pushing up their positive growth rates in the national economy, a program Developing the national industry and logistics services, as a pioneering step that supported national industries and paved the way towards developing quality industries, stressing that the program, since its inauguration for more than two years, has carried strong indications of the wise leadership's determination to achieve the Kingdom's 2030 vision and its ambitious goals.
Al-Khalidi pointed out that the program opened the way for local manufacturers towards many investment opportunities and boosted the increase in local content rates, appreciating the government's rational efforts towards stimulating and supporting the industry, mining, energy, and logistics sectors so that they effectively contribute to enriching local content.
The General Customs Authority reviews the "steps" to transform the Kingdom into a global logistical platform
24/03/2021
The General Customs Authority reviews the "steps" to transform the Kingdom into a global logistical platform
The General Authority of Customs expressed optimism for a better future for the movement of trade (import and export) through the land, sea, and airports, based on the general strategy of the authority that has been implementing it since 2018 and which ended several previous cases by paper handling and the weak level of coordination between the concerned government departments.
This came during a workshop organized by the Asharqia Chamber on Wednesday, March 24, 2021, and moderated by the President of the Chamber's Logistic Committee, Rakan bin Abdul-Rahman Al-Otaishan, as many of the initiatives implemented by the authority during the past two years were reviewed.
During the workshop, which was transferred remotely, the Director-General of King Fahd Causeway Customs Dhaifallah bin Badr Al-Otaibi said that the General Authority of Customs launched its strategy during the year 2019 based on three main pillars: “facilitating trade, achieving revenues, and protecting society and the national economy.” It was launched accordingly. Therefore - a set of initiatives and procedures were reflected in the level of performance in general, and in the period before 2018, the information exchange service was launched, and the average clearance for containers was more than 12 days, and most of the goods received by the ports were inspected, and all documents were presented in paper form to customs and government agencies The other, which is dealt with independently (separately), but after the launch of the general customs strategy, the clearance program was launched through the "Fasah" platform, to become the 24-hour period, and the documents required for import and export were reduced, and the space was allowed for the advance submission of data before the actual arrival of the vehicle (Wastah) for transportation, launching services: technical linkage with other government agencies, the approved economic operator program, the countries land transport agreement program, the customs targeting center, and the customer service center (working 24 hours Seven and seven days a week).
Accordingly, Al-Otaibi said that after this strategy, the average clearance period was reduced to less than 24 hours, the percentage of manual inspection of containers decreased from 90% to less than 45%, and some unnecessary documents were canceled, and all electronic services were completed to dispense with paper documents. And the exchange of information between government agencies electronically, all of this was reflected on the Kingdom's position in all sub-indicators through a World Bank survey with the private sector.
Besides, Al-Otaibi confirms that the efforts of the customs are continuing to achieve its vision of being the first in the region in providing distinguished customs services so that the Kingdom becomes a global logistical platform, which was stipulated in the Kingdom's Vision 2030, where a review process was carried out and updated, and the technical link with all government agencies has been completed. Through the Fasah platform, improving the services provided through the platform, launching the new version of it under the name (Fasah 2), developing regulations for practicing the profession of customs clearance, expanding the economic operator program, launching and launching the import and export guide through the Fasah platform, all of this embodied in a sentence. Among the most important outputs are improving the operational efficiency of the platform, organizing the relationship between the General Authority of Customs and its partners in the private sector, and achieving more transparency, clarity, and ease of access to information regarding import and export.
He mentioned that several future projects will contribute, God willing, to facilitate trade and logistical operations, such as launching the prejudice project, the container management project, developing the filtration system for free zones, linking with the Saudi Intellectual Property Authority to combat commercial fraud, and so on ... pointing out that the continuous developments Fasah will have the ability to develop solutions for all queries facing the private sector, and we - in return for all of this - welcome all proposals and observations of the private sector.
For his part, Director General of King Abdulaziz Yusef bin Ibrahim Al-Zakan said that we are facing a better future that serves commercial and logistical activities, and all options are open to the great goal and broad vision stemming from Vision 2030 and the General Customs Authority has several initiatives that support the Kingdom's position as a global logistical station, and from Among these steps are the free zones, which are an important point in support of this great goal, and we have several initiatives to facilitate the re-export process, as it is sufficient in this area that the process that requires 9 documents now requires two documents only, and there are initiatives to serve the Saudi industry, such as exemptions. On some raw materials, some restrictions on foreign goods and the like increased.
Al-Zakan revealed that the loading and handling were carried out with an average time of 11 hours. This average decreased to less than three hours at King Abdulaziz Port in Dammam, after the recent developments of the container terminal in the port.
As for the Director-General of King Fahd International Airport Customs, Muhammad bin Awda Al-Ghamdi, he explained that a better future is for commercial traffic through the airport and that the General Customs Authority applies several incentive measures for this, including the development of the procedure for the termination of mail shipments, which will take place through airports instead of clearing in complexes postal within cities
He expressed optimism for a better future for the relationship with the private sector.
Asharqia Chamber discusses the new requirements in the sector of women's salons and centers
24/03/2021
Asharqia Chamber discusses the new requirements in the sector of women's salons and centers
Asharqia Chamber, represented by the Women's Workshops and Centers Committee, discussed, on Tuesday, March 23, 2021, through visual communication technology, and in cooperation with the Ministry of Municipal and Rural Affairs and Housing, the new requirements in the women's workshops and centers sector, and the meeting was attended by His Excellency the Assistant Undersecretary for Licenses and Municipal Requirements in the Ministry, Eng. Abdul-Rahman Al-Arwan, Head of the Women's Sub-municipality and Director of Operational Excellence in Amanat Al-Qassim, Amira Al-Saraikh, and Ahed Al-Amin and Jawaher Al-Anzi, from the Technical Affairs Agency at the Ministry of Municipal and Rural Affairs and Housing, and the meeting was moderated by the head of the Women's Workshops and Centers in the Chamber, Shuaa Al-Duhailan, who emphasized the role played by the Asharqia Chamber in achieving communication between businesswomen who are the owners of salons and women's centers, and the government agencies entrusted with it.
During the meeting, the speakers reviewed the new requirements, including the definitions, general provisions, and practices of female workers, as well as those updates related to the issuance of licenses or the same technical matters or shop equipment, operation, maintenance, health, security, and safety requirements.
They explained that the application of the new requirements aims to increase investment opportunities by allowing the addition of some activities and reducing the minimum required spaces, improving the internal work environment, which contributes to the attractiveness of employment, improving the cultural scene, increasing the rates of settlement and combating concealment, as well as adding transparency and clarity through the preparation and issuance of lists Self-evaluation, and they indicated that the corrective plan is scheduled to end with the final of August of this year so that all stores are committed to the old and modern controls.
The participants provided explanations on the executive rules for the controls of practicing the updated female decorating activity and indicated that the new requirements, with their clarity, will reduce the risks facing the investor, as well as from the commercial cover-up by requiring the provision of electronic sales devices.
They indicated that the licenses-related updates stipulated that the investor should not be less than eighteen years old and that the procedures for issuance, cancellation, renewal, and amendment be following the municipal licensing procedures system and its implementing regulations, and that if the shop moves to another location, the license must be canceled and a new license extracted. Update That each activity added to the women's grooming license has an independent municipal license, and updates have allowed the addition of one or more activities such as selling cosmetic tools and supplies, selling other luxuries related to the activity, the presence of a female photography studio, and other activities related to the activity.
Emphasizing that the new controls, whether related to licenses or other matters of concern, will ensure control and quality control and that updating the requirements came within a package of activities that the ministry undertakes to keep pace with the Kingdom's 2030 vision so that women's concerns and centers are an enabling element to achieve the vision's goals in encouraging competitive investment following the highest safety standards and procedures, and controlling the development process, which will positively affect the improvement of the work environment within the commercial establishments.
Asharqia Chamber organizes the expanded meeting for the financial sector
23/03/2021
Asharqia Chamber organizes the expanded meeting for the financial sector
Asharqia Chamber represented by the Financial Committee, Tuesday, March 23, 2021, organized an expanded meeting for the financial sector, which reviewed the most prominent achievements of the sector in the eastern region and the most important challenges it faces in the coming period.
The Chairman of committee Zaid Al-Yaish said that the meeting witnessed distinguished participation of the sector’s employees, indicating that the meeting sought to cover and develop the various aspects of the sector, stressing that the committee presented various activities and activities during its work period for the past year and the beginning of the current year, the aim of which was to discuss the difficulties that may appear before Sector affiliates, pointing out that the coming period will witness several activities that offer a range of activities to serve the sector.
Al-Yaish clarified during the meeting that the committee will host several officials to discuss the facilities provided to the financial sector of all kinds, stressing that the Kingdom is witnessing a great development in the financial sector, which is a product of the Kingdom's 2030 vision, and the committee will also visit specialists and officials to find solutions and emphasize the programs that support Sector affiliates.
Al-Yaish state that a set of programs presented by several agencies, as these programs are designed to support small and medium enterprises, whether in the fields of consulting, finance, insurance, and other specialties needed by the sector, pointing out that several small and medium enterprises have benefited from these initiatives and programs and have recorded successes at the level domestic and overseas.
Al-Yaish stated that the committee is continuing to achieve its goals that it has formulated within the terms of its plan for the current year that serve the sector, stressing that several activities will be attended by officials and specialists to shed light on these issues and try to find solutions to them, and on investment in this sector, he said that opportunities exist Sector affiliates can benefit from it, and that is achieved through communication and follow-up.
The business sector in the Asharqia Chamber and the Minister of Investment discuss plans and mechanisms to support investment
22/03/2021
The business sector in the Asharqia Chamber and the Minister of Investment discuss plans and mechanisms to support investment
Asharqia Chamber hosted, on Sunday, March 21, 2021, His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, in a remote meeting, attended by the Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Khalidi, several representatives of the business sector in the Chamber, and representatives of the Ministry of Investment.
His Excellency the Minister of Investment, Eng. Khalid Al-Falih affirmed that the Kingdom is led by the Custodian of the Two Holy Mosques; King Salman bin Abdulaziz and His Royal Highness, and within the framework of the vision of "the Kingdom 2030" and its ambitious programs, it views the Saudi private sector as a major partner in the development process and aspires by all means to enhance the size of its contributions to the total output Local, and the national economy as a whole. It also views the promotion and diversification of national and foreign investments as one of the most important tools for achieving the goals of the vision represented in diversifying the resources of the national economy, promoting job creation for the sons and daughters of the nation, and supporting comprehensive development efforts throughout the Kingdom.
Concerning the Ministry of Investment's initiatives aimed at attracting, increasing, and diversifying investments, His Excellency the engineer indicated that among the most prominent initiatives that have been proposed or are working on being proposed; Creating special economic zones that embrace qualitative economic activities that are flexible and competitive. He pointed out, in this, the transformation that the Economic Cities Authority has witnessed in its responsibilities and field of work. He cited the example of Ras al-Khair and King Salman Energy City, which are considered one of the most prominent economic regions in the Eastern Province, and expected to launch dozens of specialized economic cities, in the coming years, in different regions of the Kingdom.
His Excellency the Minister stressed the support of industrial investment, on the basis that industry is the basic foundation of the Saudi economy, stressing that there are promising opportunities for investment in the tourism and agricultural sectors. He also spoke about the importance of the hospitality and entertainment sectors, and the integration of the efforts of the Ministry of Investment, in this regard, with the efforts of all other government agencies.
Concerning national companies and their foreign investments, His Excellency indicated that the Ministry of Investment system, through the National Company Leadership Program, is working with all its efforts to motivate national companies and help them overcome the challenges they encounter in their various investments, for these companies to achieve the desired successes and the desired positive results. And it is an example of the Saudi brand's ability to expand internationally, with professionalism and creativity, which will positively reflect on the strength and durability of the Saudi economy.
For this part, The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the national economy has witnessed since the launch of the 2030 vision in 2016 at the hands of the Custodian of the Two Holy Mosques and his trustworthy Crown Prince a great transformation and a unique leap in the business environment, confirmed by several international reports, such as the Kingdom's progress in The World Bank report for the year 2020 on the ease of doing business, to about (30) ranking to become one of the ten most advanced and reform countries around the world in doing business, and their record of an escalating growth in the volume of foreign investments, which confirms that the Kingdom is on the way to being one of the best-performing countries. In the investment markets.
It is noteworthy that Mr. Abdul-Hakim Al-Khalidi moderated the dialogue with His Excellency the Minister of Investment, and several officials of the various sectors in the Asharqia Chamber participated in the questioning of the questions. His Excellency the Minister of Investment also participated in the presentation of the explanatory information by several officials of the Ministry of Investment.
Each of the Undersecretary of the Ministry of Investment for Economic Affairs and Investment Studies participated in the meeting from the Ministry of Investment; Dr. Saad Al-Shahrani, Executive Director, Investor Business Solutions; Majid Al Saadi, Executive Director, In Charge, Regional Development; Engineer Muhammad Al-Hajjaj, Director General of the Tourism and Quality of Life Sector, Acting Majid Al-Ghanim, Secretary-General of the Special Economic Zones and Cities Authority; Nabil Khoja, CEO of the National Entrepreneurship Program; Professor Badr Al-Badr. On the Asharqia Chamber, the Vice-Chairman of the Board of Directors and Chairman of the Hospitality and Recreation Committee participated; Hamad Al-Buali, Member of the Board of Directors, Chairman of the Foreign Investment Committee; Saadoun Al-Khalidi.
Asharqia Chamber announces the merging of the Eastern Business Youth Council
18/03/2021
Asharqia Chamber announces the merging of the Eastern Business Youth Council
In fulfillment of the directives of His Royal Highness Prince Saud bin Nayef bin Abdulaziz - Prince of the Eastern Region and Honorary President of the Eastern Business Youth Council, and with the follow-up of His Royal Highness Prince Ahmed bin Fahd bin Salman - Deputy Governor of the Eastern Region, to merge the Eastern Business Youth Councils under the name of "Eastern Business Youth Council", the council held its first meeting today, Thursday, March 18, 2021, in the presence of the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel.
Al-Khalidi said in a speech that the Eastern Businessmen Councils and Young Women Councils played a growing role over their previous years, in developing future entrepreneurs, and the two councils have achieved many achievements in serving the young men and women business sector, by enriching their economic knowledge and increasing their skills in self-employment. Incorporating them into one council today only enhances their journey in serving the region’s young businessmen and unites their efforts towards achieving their goals that are inseparable from the goals and requirements of the vision by activating the role of youth in economic work paths.
Al-Khalidi urged the new council to do its utmost to contribute to preparing a new generation of Saudi youth to be competitive business owners, and to transform them from mere job seekers to job opportunity makers, calling for diversifying their programs in developing young entrepreneurs and introducing initiatives that serve entrepreneurs in various He also called for the best use of the support programs set up by the state and the incubator financing and advisory agencies to support the role of entrepreneurship.
For this part, the Chairman of the Eastern Business Youth Council, Fahd bin Abdullah Al-Farraj, said that the merging of the two councils coincides with a new phase and a unique vision whose indicators bear determination and determination to push the wheel of development towards sustainability. Promising to continue developing and developing performance in response to the aspirations of the young business sector in the Eastern Province, and keeping pace with the Kingdom's vision 2030 concerning young businessmen and women, appreciating the great efforts made by the rational government, to support young men and women entrepreneurs in various fields and pushing them to take their role in the national economy and its keenness to qualify and equip young people with the necessary skills to enter into economic work.
For her part, Vice President of the Eastern Business Youth Council, Naglaa Abdel Qader, said that integration provides greater opportunities for uniting and concerting efforts towards the issues and concerns of young men and women in the eastern region, and pushes more programs and initiatives to expand the participation of young people in the process of escalating growth witnessed by the national economy at various levels.
The Vice President of the Eastern Business Youth Council, Hamad Muhammad Al-Ammar Al-Khaldi, said that the new council stems from the concepts of integrative work, which in turn contributes to unifying ideas towards serving the most important resource of the Kingdom, which is the Saudi youth, who represents the main pillar in the implementation of the Kingdom's vision 2030, whether it is an engaged employee. In performing his job or an employer who contributes his work to the structure of this country, stressing that the merger would achieve excellence in performance and raise the rates of ability to address the challenges facing entrepreneurs in the Eastern Province
The professional examination program will gradually begin for expatriate workers in early July
18/03/2021
In a workshop held in the Asharqia Chamber:
The professional examination program will gradually begin for expatriate workers in early July
Asharqia Chamber, represented by the Contracting Committee, organized a workshop devoted to discussing the professional examination program to be started early next July. It was moderated by a member of the board of directors and head of the committee, Hamad bin Hammoud Al-Hammad, in the presence of several employees of the Ministry of Human Resources and Social Development and the program director at Takamul Company Saad Al-Aqeel, on Wednesday, March 17, 2021.
It was confirmed during the workshop, which was transmitted through visual communication technology, that the examination process will be done gradually, and it is expected that all foreign workers in the Saudi market will have passed the professional examination tests within five years.
It is noteworthy that the program is an initiative among several initiatives implemented by the rational government to develop the labor market and achieve maturity in this market by attracting qualified workers with added value, and reducing the phenomenon of unqualified and unskilled workers by ensuring that any worker entering the country obtains the skills for which he was attracted.
The workshop revealed that the program’s plan to compel the renewal of employment licenses will take place gradually during the current year, according to certain mechanisms and taking into account all circumstances. The beginning of next September, while the beginning of next October will be allocated to medium enterprises (4 - 499 workers), followed by small establishments category A (4 - 49 workers) in November, then small enterprises category B (1-5 workers) in January 2022.
The focus will be on several important sectors in the professional examination, which is a thousand professions out of 23 specialties, foremost of which is electricity, plumbing, building carpentry, and so on, as the first nine families will start from the beginning of next July, as the program is not limited to employment inside the Kingdom, but coordination with countries will be done. The exporter of labor, including the most prominent countries, namely India, the Philippines, Sri Lanka, Pakistan, Egypt, Indonesia, and Bangladesh, and working with them to conduct examinations according to Saudi standards in their country before obtaining a license to practice work in the Kingdom, as the value of granting the examination certificate is 540 riyals for a period of five years.
Asharqia Chamber provides free consultations for industrial entrepreneurs
18/03/2021
Asharqia Chamber provides free consultations for industrial entrepreneurs
Asharqia Chamber, represented by the Small and Medium Enterprises Center, implemented yesterday, Wednesday, March 17, 2021, a free specialized consultation program, which was designated to support and sponsor small and medium industrial enterprises.
The program, which was set up via visual communication, with the participation of an expert in the development of industrial projects, Mansour bin Abdulaziz Al-Shutb, who specializes in industrial projects, witnessed a great interaction by the pioneers who communicated with the program sponsors who presented a set of suggestions, advice, and guidance to all callers, regarding many issues, challenges and development ways.
This program falls within the framework of several activities and efforts implemented by the Chamber to sponsor, support, and develop small and medium enterprises, including seminars, lectures, and training courses, as well as free specialized advisory sessions, which have resulted over the past years in the emergence of a promising sector and a distinguished generation of young businessmen and women.
Al-Barr: 3 billion riyals of revenues from the real estate valuation market by 2030
17/03/2021
In a workshop held remotely in the Asharqia Chamber
Al-Barr: 3 billion riyals of revenues from the real estate valuation market by 2030
A specialist in the real estate market called for the introduction of real estate appraisal as a primary or secondary subject in university curricula, similar to international experiences, especially since all data indicate the emergence of a state of specialization in the evaluation activity, as the residential real estate evaluator and the industrial one will appear, and so on, especially since the revenues resulting from The evaluation process is large, and job opportunities are both direct and indirect.
This came in a workshop organized by the Asharqia Chamber (remotely) yesterday, Wednesday 3/17/2021, as the resident and trainer accredited by the Saudi Authority for Accredited Residents and the General Organization for Vocational and Technical Training Muhammad bin Ali Al-Bar said that the proceeds of real estate appraisal will touch the three billion riyals by The year 2030 compared to 500 million riyals in 2019 and 800 million last year, which is expected to exceed the limits of two billion riyals in 2025.
During the workshop moderated by a member of the Real Estate and Housing Development Committee, Imad bin Ali Al-Dilijan, Al-Barr presented a detail of the expected returns from providing the service according to the beneficiaries, as it is expected that the proceeds of the evaluation directed to financing agencies such as banks and financial companies will reach (270 million riyals), and for real estate companies whose number exceeds 5,000 companies. (800 million riyals), for government agencies (18 million riyals), for bodies such as the Real Estate Authority and the Endowment Authority (1.5 billion riyals), for Gulf and foreign companies (17 million riyals), for individuals (300 million riyals), and the courts (40 million riyals). In this regard, he noted that the evaluator's decision is binding because it is based on a set of criteria, and some agencies that benefit from the evaluation may resort to more than one evaluator and more than one body providing evaluation service, where the price of the service ranges between 600 and 700 riyals for each report.
Al-Barr added that the real estate appraisal market will provide 30,000 support jobs and 14,000 direct jobs by the year 2030 against 3,000 direct jobs and 8,000 support jobs in 2019, and this number has increased to 4,000 direct jobs and 1,000 support jobs last year, with the hope that the number will reach To 9,000 direct jobs and 20,000 support jobs in 2025 ... indicating that this growth in the need for jobs (direct or support) according to the mega projects that the country is witnessing, which need this service and its support services. All phases of projects at any party dealing with real estate, and these developments culminated in the launch of the Real Estate Resident Authority, which is concerned with providing many programs and granting licenses to practice the profession based on certain standards drawn following local and international experiences.
Al-Barr concluded by saying that the evaluation sector has witnessed successive developments since 2011, and the Kingdom stood on global experiences with long experience. Real estate was and still is one of the important economic components and an important tributary in distributing the investment pool, as the names and bodies related to real estate differ from the beginning in the Kingdom. The Ministry of Finance, through the Ministry of Municipal and Rural Affairs, the Ministry of Justice, and other ministries and competent authorities, where the powers and tasks were distributed according to the general strategy of the state and the organizational structure, and many achievements have been made, but the real estate sector remains without reference to you. It has a more positive impact on the development of the sector, until in 2017 the Real Estate Authority was established under the umbrella of the Ministry of Housing in the Kingdom, as it is considered to usher in a new era full of changes in the real estate structure in the Kingdom in terms of regulatory, legislative and supervisory aspects and defining the general framework of The Saudi economy, being a promising sector full of activity, is saving a large number of jobs, and the financial returns from it are good, as well as that his service brings a higher level of equity.
The Chairman of the Asharqia Chamber: The allocation system is a certificate of confidence that the private sector is sufficiently qualified to manage government assets
17/03/2021
The Chairman of the Asharqia Chamber: The allocation system is a certificate of confidence that the private sector is sufficiently qualified to manage government assets
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the Cabinet's approval of the privatization system, on Tuesday, March 16, 2021, stressing that (a certificate of confidence in the capabilities of the private sector in this generous country, and that it is sufficiently qualified to manage government assets), The privatization system strengthens more than the role of the private sector in developing the national economy and indicates its demand for many huge investment opportunities, and on the other hand it enables the government to focus its tasks on legislative and regulatory roles, extending its thanks and appreciation to the position of the Custodian of the Two Holy Mosques and His Highness the trustworthy Crown Prince for this great confidence in the ability of the private sector to take responsibility
Al-Khalidi said that making government assets available to investors undoubtedly improves the quality of services provided to citizens and residents, gives them all the features that characterize the private sector, contributes to reducing their costs and increases their revenues and that it goes in line with the goals of Vision 2030, which Among its main programs was the privatization program, pointing out the need for the private sector to be at the level of the event, and not be satisfied with what it has reached, and not stop at the accomplishments that have been achieved, but rather it must develop its tools, as the promulgation of the new system places a great responsibility on it.
Al-Khalidi stressed the availability of infrastructure (legal, regulatory and construction) in support of the privatization option, which is an important strategic option that will contribute to raising the level of services, increase the private sector’s contribution to the GDP, and support the state’s continuous efforts towards diversifying the base of the national economy. Pointing out that the privatization system is an important step, followed by the regulation, control and determination of the foundations for the completion of partnerships between the government and the private sector, and the provision of attractive investment opportunities, and thus more job opportunities for the national workforce.
The national economy, global vaccine wars, and several economic issues
16/03/2021
Asharqia Chamber issues the new issue of its magazine "Economy"
The national economy, global vaccine wars, and several economic issues
Asharqia Chamber recently issued No. 578/577 of its magazine “Economy”, which it launches monthly. It represents a media window that monitors the developments of the local and global economy. In its new issue, it dealt with the issues of the national economy, global vaccine wars, issues, dialogues, and much economic news.
The new issue was reviewed by monitoring and analysis in a report entitled (The Crown Prince pays the good news of the new year ... strategic projects for the future), several projects that have been talked about and touched upon by His Highness the Crown Prince, such as the "The Line" project, which represents an icon of a friendly urban global city. It also sheds light on vaccine wars and the Kingdom's role in urging rich countries to take into account humanitarian considerations in providing vaccines through its initiative at the G20 summit 2020 to provide vaccines to poor countries.
The issue also dealt with the Saudi “construction” sector, which has come to take the lead “regionally”, with more than 5,000 infrastructure projects whose value exceeds $ 1.6 trillion, as well as the positive results of establishing the Small and Medium Enterprises Bank by monitoring its consequences for the sector’s growth in the coming periods.
The new issue also contained a dialogue with Dr. Amira Al-Ghomgham, who works as an economic policy advisor at the World Bank in Washington, who considered that policies to stimulate and support economic projects are among the best economic engines, and confirmed that the Kingdom has made great steps in enabling groups of society to participate in raising Attractiveness of the labor market and ensuring the sustainability of vital resources, in addition to improving the services provided to individuals, whether they are government, private, social or health services, as well as safety levels that guarantee individuals a greater quality of life, all of this contributed to Saudi Arabia achieving the first place in the world In reforming the business environment among 190 countries.
In addition to many opinion articles, analyzes, and reports, the magazine included coverage of the most prominent economic events and activities in various sectors in the Kingdom, the region, and the world.
The Royal Commission in Jubail announces promising investment opportunities available to the private sector
11/03/2021
The Royal Commission in Jubail announces promising investment opportunities available to the private sector
Participants in the meeting on investment opportunities in Jubail, which was organized by the Asharqia Chamber represented by the Investment Department yesterday, stressed the keenness of the concerned government agencies to attract local and foreign investors in commercial and residential projects offered by the Royal Commission in Jubail.
The meeting - which took place via video call - was moderated by a member of the board of directors of the Asharqia Chamber and Chairman of the Foreign Investment Committee, Saadoun bin Khaled Al-Ateesh Al-Khalidi, who made it clear that the chamber supports any investment activity, but rather an activity that serves the private sector, and has agreements and memoranda of understanding with various parties, including some Supporting parties financially.
For his part, the chief consultant at the Ministry of Investment, Ziyad Al-Hudayeb, said that the ministry supports investment companies to achieve more distinction, and supports all sectors without exception, and the ministry has direct contact with all supporting and providing investment opportunities such as the Royal Commission in Jubail and Yanbu .. confirming the ministry’s support for the local and foreign investor Both also support each initiative serving investment activity.
He pointed out that if the foreign investor is an individual, his job opportunity is only required to have a distinct residence, and to be supported by an incubator, then he is dealt with in his individual capacity, and if it is an institution, it is dealt with as an institution that has its own consideration, and the local investor has the full opportunity. Also, it is not required to provide more than the commercial register that qualifies it to do so.
For his part, Director of the Commercial and Residential Investment Department at the Royal Commission in Jubail, Dr. Abdullah Al-Shehri, affirmed the Commission’s keenness to be present with the business sector and looks forward to an effective contribution from him in implementing the projects proposed in the commercial and residential fields .. explaining that the opportunities offered by the Commission in these two areas are available to the local and foreign investor. Equally, the authority has a set of criteria for each project that do not of course contradict the standards of any government agency, and we do not require any investor to submit a feasibility study for any project proposed by the authority, and we do not require more than the commercial registry that qualifies him to carry out any activity, and we do not allow any An investor who is not a specialist in the proposed project, and we do not work under the lower price, but rather "price" is one of a set of criteria that any investor can review before submitting and entering the investment scope.
As for Fahad Al-Melhem from the Investment Department at the Royal Commission in Jubail, he reviewed several opportunities available by the Authority for local and foreign investors, which include restaurants, commercial centers, administrative buildings, hotels, sports centers, equestrian and driving schools, as well as some residential projects offered by the authority. With their own environmental specifications.
In the event of leasing, Al-Melhem said that the rental value of commercial projects is calculated one year after the date of the investor’s notification of the allocation, and in projects of a special nature up to five years exemption from paying the rental value, and the lease of land by the authority in the city is considered low compared to other cities. Also, in the event of the end of the agreement period, the priority is for the lessee to renew the agreement, with no risk of raising the value.
And he reviewed the mechanism for obtaining the investment opportunity that is advertised on the authority’s website, in the local media, or through the Asharqia Chamber
He touched on the authority’s initiatives to confront Coronavirus, including the extension of all existing agreements or those under renewal for an additional year, postponing the procedures for canceling investment agreements due to failure and default, giving investors an opportunity until the end of the year 2020 and extending all privatization notices for a period of 12 months.
A Specialist: 3 million tons of electronic waste are produced annually in the Kingdom
11/03/2021
A Specialist: 3 million tons of electronic waste are produced annually in the Kingdom
A specialist in the electronic waste sector confirmed that this type of waste is considered a time bomb that destroys the environment, cities, and even humans if it is disposed of by legal and legitimate methods and with very special steps.
Zamil bin Sultan Al-Shahrani, Executive Director of the Saudi Daz Factory for the Recycling of Electrical, Electronic, and Solid Waste, said during a lecture organized by the Asharqia Chamber represented by the Environment Committee Thursday 11 March 2021 and moderated by the Chairman of the Committee Talal bin Sultan Al-Rasheed, that several cities in the world are considered toxic cities as a reference to this. Not being bound by the "Basel" treaty that codifies the disposal of electronic waste, as these cities work on destroying electronic waste in random ways that destroy the environment and water and mess with human health, especially children who are forced to work in landfills of this type of waste. They cause several diseases that kill children when they reach 20 years of age.
Al-Shahrani explained that the effects of electronic waste are many, as they are wastes that pollute the environment, water, and air sources, and cause several diseases, including skin cancer, damage to the nervous system, heart, and kidneys, and its impact extends to the economic sector, where it wastes natural resources and energy sources.
Al-Shahrani explained that the effects of electronic waste are many, as they are wastes that pollute the environment, water, and air sources, and cause several diseases, including skin cancer, damage to the nervous system, heart, and kidneys, and its impact extends to the economic sector, where it wastes natural resources and energy sources.
Al-Shahrani pointed out that the Kingdom annually imports 230 million devices between a computer and a phone, and the number of mobile phone users in the Kingdom reached 54 million users, pointing to 3 million tons of electronic waste produced in the Kingdom annually, considering that the average validity of these devices reaches 4 years, as well. That 70 percent of toxic waste is from e-waste, and 85 percent is disposed of through landfills.
Regarding the best environmental model for disposing of electronic waste, Al-Shahrani said that it begins by sorting the devices and then crushing the materials, and then those materials are sorted and processed through automated lines, until they become raw materials such as aluminum, copper, iron, plastic and precious metals, and thus they become raw materials used in the manufacturing industries. Prepared to enter the stages of the recycling process.
Specialist: The strip of life from Taif to the south is considered the largest reserve for storing water in the Kingdom
11/03/2021
Specialist: The strip of life from Taif to the south is considered the largest reserve for storing water in the Kingdom
Dr. Muhammad bin Hamid Al-Ghamdi, a specialist in the water and environmental sector, presented several solutions and proposals to support the idea of converting rain into a strategic stock, to preserve rainwater from waste and loss.
Al-Ghamdi said during a meeting organized by the Asharqia Chamber represented by the Environment Committee on Wednesday 10 March 2021, entitled “How do we turn rain into a strategic reserve” and managed by Chairman of the Committee Talal bin Sultan Al-Rasheed, that the importance of water in the Kingdom comes from scarcity and its importance is no less than oil, which is very important In the economic field, as well as water, which is supposed to be in the first place, but currently it comes in second place in the area of concern.
Al-Ghamdi explained that the underground water comes from rain, indicating that 60 percent of the Kingdom's population lived on a very narrow strip, width of no more than 10 km, extending from Taif to the last point in the southern region, considering this strip to be life due to the availability of water in it.
Al-Ghamdi explained that rain is the only solution before us to exploit it and not desalination projects, and that is through the revival of old systems represented in the establishment of water terraces, which were in the past called "dams", and turning the strip into a reserve to catch, collect and store the largest amount of water, where about (60) can be caught and harvested. 1 billion cubic meters of water annually, and preserving the juniper plant, which helps in the process of storing water, which constitutes about (70) percent of the vegetation cover for this rainy strip. He also called for the elimination of the existing violations that cause the groundwater to dry up, such as digging artesian wells (tube) in that strip, random construction, and tampering with mountains through removal operations.
Al-Ghamdi said that the strip extending from Taif to the south will be a strategic reservoir of water for future generations, and also called for the revival of the heritage skills of all regions of the Kingdom, which are specialized in water conservation and management, as each region has special procedures, skills, and traditional systems, which only need to be revived and work on Maximizing it, pointing out that the water terraces in the water strip work to nourish the springs that exist even in the Al-Ahsa region, due to the nature of the geological formation of the Kingdom.
Asharqia Chamber begins the second step of the "Takamul" initiative to strengthen the partnership between the public and private sectors
10/03/2021
In a meeting to discuss investment sites in Jubail:
Asharqia Chamber begins the second step of the "Takamul" initiative to strengthen the partnership between the public and private sectors
As part of the "Takamol" initiative adopted by the Asharqia Chamber to strengthen the partnership between the public and private sectors, a joint committee was formed yesterday to work on developing investment activity in the Jubail Governorate, which includes representatives of the local council, the municipal council and the chamber's business council in the governorate.
This step comes after the launch of the initiative last February in the governorate of Khafji, through which a working group was formed from the representatives of the three councils as well, with the hope that the initiative would be generalized to include all governorates within which the Asharqia Chamber is moving, namely (Qatif, Ras Tanura, Abqaiq, and the upper village. , And Nairyah).
On Wednesday, March 10, 2021, Jubail witnessed a video-call meeting with the participation of His Excellency the Governor of Jubail Abdullah bin Nasser Al-Askar, Chairman of the Chamber’s Board of Directors Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, the Mayor of Jubail Municipality, Eng. Nayef bin Faisal Al-Duwaish, and Chairman of the Municipal Council in the Governorate Fahd bin Abdulrahman Al-Mishal. And a member of the Chamber's Board of Directors, Saadoun bin Khalid Al-Ateesh Al-Khalidi, the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabel, and Chairman of the Board of Works of the Asharqia Chamber in the governorate Mubarak bin Abdullah Al-Mishal. General, especially in the economic sphere.
During the meeting, His Excellency the Governor of Jubail, Abdullah bin Nasser Al-Askar, affirmed that the Takamul initiative is a great opportunity for coordination between government agencies, municipal councils, and business councils to reinforce the directives of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, and His Royal Highness Prince Ahmed bin Fahd Bin Salman bin Abdulaziz, Deputy Governor of the Eastern Province, which affirms the need for coordination between governorates to support the achievement of the Kingdom's Vision 2030.
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 initiative of "Takamul" adopted by the Asharqia Chamber comes as part of the Chamber's continuous efforts to enhance opportunities for cooperation between the private sector and all government agencies, believing that cooperation is a necessity imposed by economic work and imposed by entitlements. The current situation ... stressing that the chamber seeks through this initiative to find clear formulations for mechanisms that consolidate integration between the private sector and the provincial councils, for integration and cooperation to achieve ease in exchanging information and seeking opinions on all common issues, which is conducive to achieving our goals in support of Vision 2030.
For his part, a member of the Chamber's Board of Directors, Saadoun bin Khalid Al-Oteesh Al-Khalidi said that in light of the current entitlements, initiatives to stimulate cooperation and integration and re-formulate specific formulations to unify efforts take a high priority on the agenda of all government agencies and others, as they represent a strategic option that supports achieving sustainable economic growth and enhances All parties in the march of the vision and its goals, stressing that cooperation and integration between us enable all of us to discuss challenges and develop the best possible solutions to overcome them.
Al-Oteesh indicated that the “Takamol” initiative comes as a step forward on the side of the Chamber to push towards enhancing opportunities for integration, concerting efforts, and cooperation according to mechanisms to be agreed upon between the Chamber as a representative of the private sector and between the various councils of the region and branches of government agencies in it .. believing that integration is the tool. Effective in weaving threads of close cooperation and exchange of information and experiences, to achieve excellence in performance and raise rates of ability to address challenges of economic concern, achieving integration leads to positive competitiveness in the Kingdom with high levels of performance and productivity.
He mentioned that the initiative relies on several pillars represented in activating the partnership mechanism between the public and private sectors, following the latest methods and techniques in marketing investment opportunities for the business sector in the governorates, supporting the entrepreneur's sector for modern projects, overcoming the obstacles and difficulties facing them, allocating investment projects for this category, and supporting them. With advisory and financing solutions, encouraging digital transformation services in the governorates for the public and private sectors, and enhancing the media role to cover the effectiveness and activities of the initiative and its strategic pillars.
After that, it was agreed to form a joint executive committee from representatives of the three councils, after the meeting witnessed lengthy discussions revolving around ways to activate the initiatives offered by the three councils to develop the governorate, and views were exchanged on many proposals such as launching an electronic platform to receive proposals and initiatives in support of the movement invest in the province.
Zakat and income: the exemption initiative of varying proportions and does not include tax evasion
10/03/2021
During a remote meeting organized by the Asharqia Chamber:
Zakat and income: the exemption initiative of varying proportions and does not include tax evasion
The Deputy Governor of the General Authority for Zakat and Income for Operations, Hammoud bin Abdullah Al-Harbi, explained that the authority adopts an initiative to exempt some fines for delay or non-payment to support the private sector to cope with the burdens of the Coronavirus, with certain conditions, and to a varying degree, that does not include tax evasion even in any circumstance.
During the meeting organized by the Asharqia Chamber via videoconference Wednesday 10 / March / 2021 and managed by a member of the Chamber's Commercial Committee, Muhammad bin Abdulaziz Al-Ansari, he said that the initiative to exempt from fines related to declarations that must be submitted and paid to the authority was launched within the framework of a package of initiatives to stimulate the economy launched by the rational government in March 2020 To support the private sector and enable it to overcome the financial and economic impacts resulting from the spread of the Corona pandemic, and the initiative was extended at the beginning of this year to the end of next June.
Al-Harbi stated that the Authority, through this initiative, exempts the taxpayer from paying fines for late payment or in submitting tax declarations, for the tax periods related to declarations that must be submitted or paid to the Authority before the date of January 21, 2021, on the condition that the principal of the due tax is paid to the Authority according to those tax periods.
He added that this exemption will be applied according to specific decreasing rates related to the periods during which the principal tax due to the authority is paid during the period of validity of the initiative. Fines are 100%, while 75% are paid if the original tax debt is paid during the period from 1 April to 31 May 2021, while the exemption percentage for fines included in the initiative is at 50% if the original tax debt is paid during the period from 1 June 30, 2021
He pointed out that this initiative includes some fines, and does not include some others, as either the fines included in the initiative are fines for late submission of tax declarations or payment and they include all types of taxes (value-added, selective goods, income, deduction), while the fines for amending and correcting declarations are specific, only with value-added tax.
As for the fines not covered by the initiative, they are the fines of "tax evasion and field control such as failure to issue a tax invoice or delay in registration, and any fines that were paid before the extension decision was issued which is January 21, 2021."
He said that the condition for exemption from fines according to the aforementioned percentages is to pay the principal tax debt owed for the periods included in the initiative before the end of the initiative period (June 30, 2021).
We are keen to maximize partnership with the private sector in the state's real estate system
09/03/2021
Governor of state real estate in a meeting with the Asharqia Chamber
We are keen to maximize partnership with the private sector in the state's real estate system
Asharqia Chamber hosted on Monday 8 March 2021 His Excellency the Governor of the General Authority for State Real Estate Ihsan Bafqih. The meeting, which was held remotely and moderated by the Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, included the participation of the Chairman of the Real Estate and Urban Development Committee in the Chamber, Eng. Hamid bin Hamri, and in the presence of several investors and businessmen in the region and those interested in economic and real estate issues.
At the outset of the meeting, His Excellency the Governor expressed his deep belief in the importance of cooperation and integration of roles between the State Real Estate Authority and all sectors, especially businessmen and chambers of commerce, to reach common goals within the framework of the plans and programs of the Kingdom's Vision 2030 in a way that contributes to promoting the economic development process by building strategic partnerships with the sector. Private and open promising investment opportunities
His Excellency said: “The authority works within the framework of initiatives aimed at stimulating and empowering the private sector, by activating the participation of the private sector in economic development in the state's real estate system.
His Excellency explained in detail the strategy of the authority, its roles and main tasks, reviewed the prospects for partnership with the private sector and the investment opportunities that the authority puts before it, and provided a detailed explanation of the work mechanisms of the committees to consider applications for real estate ownership, noting that they have made great strides in advancing the tasks set for them.
For this part, and in his comment on the overall activities of the authority, the Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that since the General Authority for State Real Estate was established for more than two years as part of the benefits of diversification and the optimal use of the economic fundamentals, and we are witnessing a great development in the state's real estate system, whether in the operations of its use or Protecting them or investing them and optimally exploiting them, thus becoming, on the one hand, a source of income that provides public revenues for the state, and on the other hand, the engine of the investment movement in light of the many opportunities they offer to the private sector. All thanks and appreciation to the Commission and all those in charge of it, for their efforts in the way Optimal utilization of state real estate,
Monsha'at: Work on designing a financing mechanism aimed at easing the requirements of guarantees and the mortgage system
09/03/2021
Monsha'at: Work on designing a financing mechanism aimed at easing the requirements of guarantees and the mortgage system
The Director of Finance Companies Department at the Small and Medium Enterprises Authority, Bader Al-Radhan, confirmed that great challenges are facing the young business sector, which the Small and Medium Enterprises Bank is working to address.
Al-Radhan said in a meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Center on Tuesday 9 March 2021 and managed by the executive partner of Focus Management Consulting, Naif Al-Melhem, that several challenges face small and medium-sized companies, the most prominent of which are: the issue of guarantees and access to finance, referring to the bank officials working They strive to design a new financing mechanism and products to reduce the requirements of guarantees and the mortgage system, which constitute a major challenge for a particular segment in the SME sector.
Al-Radhan explained during the meeting that was held remotely that the bank provides many free services as a kind of support, the most important of which are: guidance, training, and various consultations through the service centers of the authority, and it is provided to the beneficiaries, whether they are stalled or successful establishments and are working to expand their activities, or An entrepreneur intends to enter the market, and all of these services will be available more in the coming period.
Al-Radhan pointed out that the Small and Medium Enterprises Bank targets all sectors, stressing that some sectors will have greater support, but this does not mean that the bank will lose sight of the rest of the sectors, indicating that the local market is full of many successful experiences and distinctive examples that have recorded success in recent times and have been able to adapt to the changes economic developments in the world.
Al-Radhan stated that the bank aims to increase the financing provided to the small and medium enterprises sector and bridge the financing gap, and to enhance the contributions of financial institutions in providing innovative financing solutions, and to achieve financial stability for this vital sector, to be a basic pillar for economic development in the Kingdom and an enabler to achieve Vision 2030.
It is noteworthy that the Small and Medium Enterprises Bank focuses on providing all its products and services in digital form without the need to establish branches, which contributes to the delivery of services to all promising areas.
Asharqia Chamber sheds light on the stages of empowering women in the Kingdom
09/03/2021
On the occasion of International Women's Day
Asharqia Chamber sheds light on the stages of empowering women in the Kingdom
Asharqia Chamber, represented by the Women's Empowerment Center, organized yesterday, Monday, March 8, 2021, a remote meeting on the occasion of International Women's Day, during which a member of the Shura Council, Dr. Amira bint Ahmed Al-Jaafari, spoke about the stages of empowering Saudi women since the establishment of the state by the founder until the present time. The meeting was moderated by the President of the Executive Council for Businesswomen, Maram bint Saeed Al-Jishi.
Al-Jaafari said that the process of empowering women in the Kingdom was characterized by progression and fluidity and taking into account the social and economic conditions of each historical stage until women in this auspicious era lived through a broad-based period of empowerment that affected all fields. Noting that its real estate investments have reached nearly 170 billion riyals and that it now participates in 20% of the seats in the Shura Council, 50% of the seats in the Council of the Human Rights Commission, and 41% in public positions, in addition to increasing its presence in higher education, including Its rate is 51% and in many economic fields, indicating that the participation rate of Saudi women enrolled in the private sector has increased during the past four years to 130%, and the number of commercial registrations issued to women during the year 2019 has increased to about 65%.
Al-Jaafari emphasized that the empowerment of women in the Kingdom represents a model of constructive empowerment built on solid foundations and rules, as the empowerment of women in the Kingdom came out of concern for, education and empowerment of women in a manner commensurate with the state's historical conditions, by what is decided by the country's constitution, the Holy Qur’an and the Prophet’s Sunnah, and with full belief that women are active partners in building society in line with the Kingdom's internal systems and policies.
Al-Jaafari pointed out that Saudi women went through three successive stages of empowerment, which began with the foundation and preparation stage, which lasted until 1970, during which the empowerment process focused on education in the belief (that there is no empowerment without the education), education is the first stage of construction to reach balanced empowerment, and from then the support phase, which lasted until 2015 and was characterized by the expansion of the opening of universities, as well as the provision of several academic fields for girls, opening the way for them to study abroad, and also assuming many high positions, and finally the strategic planning phase launched by the shrine of the Custodian of the Two Holy Mosques and His Highness the trustworthy Crown Prince. Up to the present time, and embodied in Vision 2030, which made women a strategic focus at the top of its goals, by raising their participation in the labor market from 22% to 30%, raising their participation in public jobs to 42%, providing childcare services at reasonable prices for working women, and encouraging work part-time.
Al-Rumaih: We will continue to develop the sector, fight concealment, and prevent the foreign trucks
04/03/2021
During his meeting with investors in the logistics sector in the Asharqia Chamber
Al-Rumaih: We will continue to develop the sector, fight concealment, and prevent the foreign trucks
His Excellency the Chairman of the Public Transport Authority, Dr. Rumaih bin Muhammad Al-Rumaih, affirmed the authority's keenness to develop the logistics sector through a set of approved work plans and partnerships with the public and private sectors, indicating that work is continuing to combat all negative phenomena that may disrupt the mission of the sector's advancement, including cover-up and truck work. This came during a remote meeting organized by the Asharqia Chamber represented by the Logistic Committee today, Wednesday 03/03/2021, and moderated by the Chairman of the Board of Directors of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, in the presence and participation of the Chairman of the Chamber's Logistic Committee, Rakan Al-Ataishan.
Al-Rumaih said in his speech to investors in the logistics sector that transport activities have a fundamental and influential role in the development of logistics, adding that it is a shared responsibility among all. The investor in logistics is the son of the homeland and means the development of the sector as well as government agencies, and from this point of view, the Public Authority for Transport was keen to provide a solid ground To legislate and regulate through the regulations it issues, and through the workshops, it establishes in all regions of the Kingdom in partnership with the Chambers of Commerce, because everyone’s goal is to reach a better reality, and to strengthen the Kingdom’s position as a global logistics center to achieve the 2030 vision.
Al-Rumaih stressed during the meeting that the authority pays great attention to the problem of concealment because it has many negative aspects for the economy, society, and investors, and because the transport sector is "large and influential", it must be controlled and developed, and this is everyone's task, explaining that the need for concerted efforts is based on the authority's conviction of the importance of The cooperation of indispensable partners to correct the existing situation and pave the way for the systems to speak their word and advance the transport and logistics sector in general, and among the most important partners is the Ministry of Interior with its security sectors such as traffic and road security, the Ministry of Transport, the Ministry of Human Resources, the Ministry of Municipal Affairs, the Ministry of Trade, and of course the private sector that We consider it an important partner in this aspect.
Regarding the violating foreign trucks, Al-Rumaih described this issue as "painful", and stated that the authority is conducting continuous monitoring campaigns in partnership with the security services, to which he thanked and appreciated him, indicating that the violations of foreign trucks are not solved by issuing violations only, as a committee has been formed that includes representatives from 11 A government agency issued 18 recommendations on its way to activation, and Al-Rumaih believes that activating the recommendations will eliminate this phenomenon, God willing, including the application of all the requirements applied to the national carrier, and the technical connection so that entry and exit are not allowed without paying violations, and not issuing an entry visa in the event of any violations We have coordinated with many government agencies not to have factories and stores contracting with a foreign carrier for internal transport, because this will positively reflect on activating the systems, strengthening the economy and raising local content, explaining in his speech that efforts are continuing in this regard, and the follow-up is ongoing.
Regarding the multiplicity of legislating bodies for the logistical sector, Dr. Al-Rumaih said that the sector is by its nature complex and linked to several bodies, such as transport, customs, ports, and several partner agencies, and the activity also connects to warehouses and warehouses and their independent controls. Establishing an umbrella for the logistics sector under the Ministry of Transport, and there is also an important initiative to unify logistical licenses with all partners through one platform.
His Excellency affirmed the authority’s keenness to work jointly with all concerned government agencies and to coordinate to solve and address any obstacles or issues related to transport activities. The main purpose of the authority is to regulate the activities of land, maritime, and rail transport in a way that ensures raising the efficiency and quality of transport services and this is reflected in raising the local content and enhancing the economic aspect and its diversity And opening opportunities for settlement by adhering to the principle of sustainability, revealing a study carried out by the Authority for Maritime Transport, which concluded that linking to coastal transport has financial feasibility that will give the private sector promising investment opportunities in the Eastern Region.
In a comment by Al-Rumaih on the step of merging the General Corporation for Railways with the Saar Company, he stressed that it is an important step to achieve flexibility in the railway sector, and an important step to raise efficiency and unify the reference, especially since the railway sector is on the verge of major development and expansion that requires such unification, in addition to that the merger will enhance From standardizing quality and efficiency standards leading to strengthening the economy by owning the infrastructure and providing an important service from the same entity as is the case in international best practices, and this standardization will help further growth in the logistics industry through an important pillar in any development direction and the name of this pillar (Railways).
Al-Helouji: The human element is the decisive factor for the transformation journey in the Kingdom's Vision 2030
03/03/2021
In a general lecture in the Asharqia Chamber
Al-Helouji: The human element is the decisive factor for the transformation journey in the Kingdom's Vision 2030
Sterling International Board Chairman Dr. Alaa Al-Halooji stressed the importance of the human element in achieving the goals pursued by the Kingdom's Vision 2030, as it is the true treasure of the nation and the vision tool which is a "road map" for transformation and then reaching the summit, preserving the achievement .. noting that it is the vision. A journey that is supposed to have no end, and that the responsibility of the individual is no less important than the responsibility of leadership in the journey of change.
This came during a lecture organized (remotely) by the Asharqia Chamber represented by the Eastern Employment Center last Monday evening (03/01/2021) and titled (capabilities and skills required to align with the vision of the Kingdom 2030), attended by a large number of followers, as he explained that the word of the Custodian of the Two Holy Mosques The two honorable King Salman bin Abdulaziz, in which he said: “My first goal is for our country to be a successful and pioneering model in the world at all levels, and I will work with you to achieve this.” It expresses in short the aspirations of the vision and emphasizes the issue of reaching the summit and cooperating with all parties.
In this regard also, the lecturer included the speech of His Highness the Crown Prince, who said: “Success stories always begin with a vision, and the most successful visions are those that are based on strengths. where we trust and knowledge God which gave us a blessed country and the two holy mosques, where all Muslims belong.
Pointing out that this word summarizes the Kingdom's strengths, from which the vision was launched, from which the Arab and Islamic depth, and the pioneering investment power, as well as being the axis of linking the three continents,
Accordingly, he stated that the vision embodies the ambition of the nation and that the true treasure is our society and individuals, our national identity, values with long-rooted roots, and so on.
He pointed out that change management and business results depend on two aspects: the technical side and the human side, and studies reveal that 87% of the strategies of institutions and countries fail if they focus on the technical side only, without giving the human side, and paying attention to all its affairs with transparency, flexibility, and effectiveness while working on continuous improvement.
He revealed that all the research indicates that 58% of employees leave their institutions according to their need for development, and when they were asked about their definition of lack of training, they mentioned that one of the reasons behind this is the absence of new challenges, and that their real capabilities are still not exploited, and that new responsibilities are rare and non-existent. As well as not being delegated, the work environment is not supportive, and surprisingly few of them mentioned the financial factor.
It is noteworthy that Dr. Al-Helouji has held several positions, including Deputy Minister of Transportation in the United States of America, a member of the Boulder Alliance for Institutional Excellence in America, in addition to being a lecturer at the University of Florida.
Al-Yousef: We are in a system that works with all parties, and working to raise the level of saudisation in the private sector
03/03/2021
During Tuesday's monthly meeting in the Asharqia Chamber
Al-Yousef: We are in a system that works with all parties, and working to raise the level of saudisation in the private sector.
The Director of the Human Resources Development Fund Branch (Hadaf) in the Eastern Province Abdulaziz Al-Youssef emphasized the Fund’s keenness to support saudisation in the private sector, through continuous support for all social groups of both genders, people with special needs, and all job seekers and even those wishing to work in private. The fund operates within a system that includes a number of governmental and non-governmental institutions, and it is fully prepared to support any proposal that serves the vision and mission of the fund in saudisation and supports work options for Saudi youth.
This came during Tuesday's monthly meeting that was held yesterday (Tuesday 3/2/2021) and was transferred remotely, in the presence and participation of the Chairman of the Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, as Al-Youssef explained that the new approach of the fund is proceeding according to the steps of "attracting, recruiting, and training," And development, "for all Saudi cadres, as the vision of the fund is to reach a productive and stable national workforce, by providing these forces to work in the private sector.
During the meeting, which was moderated by the Secretary-General of the Asharqia Chamber, Abd al-Rahman bin Abdullah Al-Wabel, he reviewed a number of programs, explaining the support mechanism provided by the Fund through these programs, the most prominent of which are (and clearing, access, reading ... etc., stressing that all programs and services are on the website and available to every student. Work and every institution seek to attract the national workforce, in addition to the fact that the Fund has concluded a number of work agreements with educational and training institutions and chambers of commerce and industry, in order to spread the culture of work.
He mentioned that among the fund’s programs is the summer training program for young people and opening work horizons for students during the summer vacation, as well as organizing the relationship of any graduate willing to self-employment with governmental and non-governmental support agencies.
At the end of the meeting, the Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, expressed his sincere thanks and appreciation for the Fund's efforts in support of our national options in attracting Saudi youth and ensuring decent life for them.
A specialist displays "tools" for startups to achieve success in e-commerce
28/02/2021
In a seminar in the Asharqia Chamber
A specialist displays "tools" for startups to achieve success in e-commerce
Ghali Miyagan, a specialist in establishing emerging enterprises and technical systems, a technical business advisor at the Intelligence Center for Data Science and Artificial Intelligence, explained that there are important tools that support emerging enterprises willing to e-commerce to walk with steady and effective steps, which raise the capabilities and increase the returns of the facility, especially if Use the tools appropriately for the facility.
He pointed out in a remote lecture entitled (Effective tools in the world of emerging enterprises) organized by the Asharqia Chamber Sunday 28 February 2021 in cooperation with the Thakaa Center for Data Science and Artificial Intelligence that operating the emerging facility or starting an electronic business (via the Internet) may be difficult. It requires many procedures and unavoidable costs, such as registering a domain, getting a server, and so on, but in this technology-based world there are many tools that increase efficiency and help save time in daily tasks, and achieve the desired goals.
Miyagan said that among these tools in this aspect are "document management tools" in a scientific way. This command gives the owner of any institution access to data from anywhere and with a high degree of security, and it allows the sharing of documents and cooperation with team members, and this is reflected in the performance of the facility in achieving success by performing tasks and achieving returns.
Among the tools necessary to achieve the required goal - according to Miyagan are the "personnel affairs tools" as there are several applications that help establishments to manage full or part-time recruitment processes, attract candidates effectively and efficiently, and it allows creating and storing a database of candidates, managing and publishing vacancies and processing applications, Calling or rejecting applicants and more advantages. If these tools are available, the process of attracting distinguished talent will be easy, especially in light of the growth in information technology and means of communication.
Among the tools are also "customer relationship management tools". Clients are the assets of the enterprise, which help in recording important and potential data about all financial activities, in addition to inventories, sales drawings and charts, and other important things that help to analyze the strategy of the business organization and its implementation further.
Among the tools as well, "product display tools", "social media management tools" and others.
It is noteworthy that the Thakaa Center for Data Science and Artificial Intelligence is the first innovation center specialized in data science and artificial intelligence to support and enable small and medium enterprises to apply innovative solutions to improve their performance and increase their competitiveness.
298 billion riyals is the volume of retail market sales in the Kingdom
25/02/2021
298 billion riyals is the volume of retail market sales in the Kingdom
The director of the retail sector development department at the General Authority for Small and Medium Enterprises, Mahmoud bin Abdulkarim Mazi, confirmed that the growing retail trade in the Saudi domestic markets was affected by several factors (internal and external), which made the sector face several challenges that require treatment.
During a workshop entitled "Development of the retail sector" organized remotely by the Asharqia Chamber on the evening of Wednesday, February 24, 2021, and moderated by the Chairman of the Commercial Committee Hani Al-Afaliq, Mazi explained that the retail trade includes 420 activities, including food and beverages, various services, vehicle repair, clothing and textiles, and others The sector is the second-largest contributor to the non-oil GDP, at 298 billion riyals, and it is expected that the volume of retail market sales will increase to 3 times the current size in 2030.
He added that the retail sector employs about two million workers, between Saudi and non-Saudi, and based on the expected increase in the size of the sector, the sector is expected to generate approximately 750,000 additional jobs, between replacing some jobs or generating new jobs based on the development in the sector
He mentioned that the retail sector was affected by several internal and external factors, including the Corona pandemic, which forced small and medium enterprises operating in retail to adapt their operations and re-set priorities to ensure business continuity.
He added that one of the factors, which is related to the previous factor, is digital transformation and new technologies, as the high growth of e-commerce driven by the spread of Covid 19 and the increase in the use of emerging technologies has led to changing business models and the consumer experience.
He pointed out that among the influencing factors is the increased focus of both the producer (or merchant) and the consumer on sustainability, health, and rationalization of consumption in the retail sector.
He mentioned that the success of the Saudi citizen in the retail market requires to overcome some challenges that need to be addressed, including the saturation of the market from the stores, so that competition has become limited to prices, the control of expatriate workers over some activities of the retail market, and the lack of experience - in return for many citizens, in addition to a decrease profitability in the retail market due to the citizen's rationalization behavior, and the high costs for those wishing to enter the retail sector, in addition to the problem of commercial concealment.
Asharqia Chamber launches the "Takamul" initiative to enhance the partnership between the public and private sectors in the governorates
24/02/2021
It started yesterday in Khafji and resulted in the formation of a coordination working group
Asharqia Chamber launches the "Takamul" initiative to enhance the partnership between the public and private sectors in the governorates
Asharqia Chamber launched the "Takamul" initiative, which aims to strengthen the partnership between the three business councils that operate within the scope of the chamber with 7 governorates (Khafji, Jubail, Qatif, Ras Tanura, Abqaiq, Al-Qaria, and Al-Nairiya) in cooperation with (the Municipal Council and the Local Council) In those provinces.
Today, Wednesday, February 23, 2021, Khafji Governorate witnessed the launch of the first activities of the initiative "hypothetically" with the participation of His Excellency the Governor of Khafji Governorate Muhammad bin Sultan Al-Hazaa, who praised the initiative during the meeting and its importance in unifying efforts between the three governorate councils (local, municipal, and business), saying that each council is based In its full turn, the initiative is a new line of path that we will follow to develop the governorate and improve the quality of life and contribute - after God's grace - to strengthening the strength of our cohesion and cooperation to achieve the higher goals stipulated in the Kingdom's Vision 2030.
Al-Hazaa added that the local council supports all efforts that achieve and sustain development, adding, "We see that such meetings and initiatives promote all services and projects, and seek to find solutions to difficulties and obstacles, and therefore the present is bright and the future is brighter."
During the meeting, Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that despite the restrictive situation imposed by the pandemic last year, the indicators confirmed the continuation of our national economy for its recovery and growth, supported by several factors, including that partnership, integration, and the concepts of cooperative work that were launched in the framework of it. Under its umbrella is Vision 2030, explaining that the “Takamol” initiative adopted by the Asharqia Chamber comes as part of the Chamber’s continuous efforts to enhance opportunities for cooperation between the private sector and all government agencies, believing that cooperation is a necessity imposed by economic work and imposed by current entitlements.
For this part, a member of the Chamber's Board of Directors, Saadoun bin Khalid Al-Oteesh Al-Khalidi said that in light of the current entitlements, initiatives to stimulate cooperation and integration and re-formulate specific formulations to unify efforts take a high priority on the agenda of all government agencies and others, as they represent a strategic option that supports the achievement of sustainable economic growth and enhances the contributions of All parties in the march of the vision and its goals, stressing that cooperation and integration between us enable us all to discuss challenges and develop the best possible solutions to overcome them.
Al-Otayish pointed out that the “Takamol” initiative comes as a step forward from the Chamber’s side to push towards enhancing opportunities for integration, concerting efforts, and cooperation according to mechanisms to be agreed upon between the Chamber as a representative of the private sector and between the region’s various councils and branches of government agencies in it .. believing that integration is the tool Effective in weaving threads of close cooperation and exchange of information and experiences, to achieve excellence in performance and raise rates of ability to address challenges of economic concern, achieving integration leads to positive competitiveness in the Kingdom with high levels of performance and productivity
For this part, the mayor of Al-Khafji, Muhammad bin Hizam Al-Hamidani, reviewed several projects that the municipality offered for investment, which constitute an added value for the governorate and contribute to its growth and development, and it varies between commercial, service, tourism, media, and other projects, and he listed about 17 projects that the municipality presented to the institutions, where 9 were awarded Some of them are projects, and several projects are still under study, including some chalets on the corniche of Khafji Governorate ... stressing that the goal is to improve the quality of life that the Kingdom's Vision 2030 emphasized.
As for the head of the Asharqia Chamber Business Council in Khafji Governorate, Marzouq Al-Balawi, he stressed that the initiative is a good omen for the governorate and that the future is better. He thanked all concerned government agencies for supporting the reopening of the branch of the Ministry of Human Resources and Social Development in the Al-Khafji Governorate.
After that, it was agreed to form a coordination working group from the representatives of the three councils, after the meeting witnessed lengthy discussions revolving around ways to activate the initiatives offered by the three councils to develop the governorate.
Asharqia Chamber and "Wafi" discuss the real estate sector challenges
24/02/2021
During a workshop with real estate developers
Asharqia Chamber and "Wafi" discuss the real estate sector challenges
Based on the keenness of the Wafi program to meet with partners in the real estate sector, including developers, beneficiaries, financiers, service and advisory bodies, and the continuation of cooperation with the real estate committees in the chambers of commerce, the "Wafi" team reviewed in the meeting hosted by the Real Estate and Urban Development Committee in the Asharqia Chamber of Wafi’s current work and plans, answering the participants ’inquiries and discussing their proposals.
The workshop, which was held recently and managed by the Chairman of the Committee, Eng. Hamid bin Hamri began with a review by Eng. Abdulaziz Al-Muhaimid, The Chairman of the Off-Plan Sales or Leasing Committee, the current development plan which was launched to include several axes, including preparing an updated strategic plan for the program to keep pace with the aspirations at this stage, which coincides with the launch of projects Major preparation and ambitious targets in the housing sector and enabling the legislative and regulatory environment for the real estate sector in addition to what the agency needs at this stage of building internal capabilities through building departments of institutional excellence, supporting project management and activating procedures for supervising licensed projects in conjunction with market monitoring to limit any practices that conflict with the rules the organization of the activity.
The proposals and observations made by the participants, which focus on facilitating procedures and documentary departments to obtain products and services, most notably those related to the conditions and requirements for qualifying developers for off-plan sales projects and licensing of projects, and the challenges facing developers in financing projects and the consequent obstacles, and expediting the disbursement process on projects from cash flows in escrow accounts, in addition to proposals and notes for the adoption of a cut-off limit for engineering completion of projects, specifying delivery dates and other challenges and removing obstacles for developers.
The workshop concluded with the Chairman of the Committee confirming that this meeting comes as part of a series of workshops in which Wafi employees participate, to confirm the partnership and that such meetings are the main source to support business, launch initiatives, and provide innovative solutions, and with a special invitation to developers working on small and medium enterprises to benefit from the services provided and facilities Granted to them and the advantage of financing activity by offering off-plan sales products and reaching all target segments through all available channels.
Asharqia Chamber reviews the new regulations for "human resources and social development" for the salon sectors and women centers
24/02/2021
Asharqia Chamber reviews the new regulations for "human resources and social development" for the salon sectors and women centers
Asharqia Chamber, represented by the Women’s Workshops and Centers Committee, organized a panel discussion entitled “The New Regulations for the Ministry of Human Resources and Social Development”, which reviewed the most important procedures and work mechanisms for new directions to regulate the labor market.
The meeting, which was hosted remotely by the Assistant Director-General for the Human Resources Sector at the Ministry of Human Resources and Social Development Branch in the Eastern Region, Muhammad Al-Atrash, on Tuesday, February 23, 2021, and moderated by the Chair of the Committee, Shuaa Al-Duhailan, talked about the most important challenges facing the women's workshops and centers sector. Business responds to all the changes taking place to organize the labor market, pointing to the positivity that characterizes the business sector in dealing with variables, expressing opinion and advice on them, and also participating in finding solutions, pointing out that the business sector has a long experience in the labor market and is rich in information that it shares with us.
For this part, Al-Duhailan praised the response of officials and specialists in the ministry’s branch to the inquiries of female investors in the sector, indicating that the ministry, in partnership with the workshop sector, seeks to address many of the challenges it faces, and try to find appropriate and logical solutions to all its problems, whether related to procedures or the mechanism of work, pointing out that the meeting discussed various points, including the employee's experience and training on work requirements, the mechanisms for dealing with complaints, in addition to the importance of promoting the work culture for everyone.
Al Hammadi: Soon, a new training course at the Saudi Real Estate Institute is for real estate brokerage
22/02/2021
Al Hammadi: Soon, a new training course at the Saudi Real Estate Institute is for real estate brokerage
The Executive Director of the Saudi Real Estate Institute, Eng. Khalid bin Jaber Al Hammadi confirmed that work is currently underway to launch a new training course in the Institute for real estate brokerage during the year 2021, as we expect it to achieve a qualitative leap in the real estate sector.
Al-Hammadi said during a remote meeting organized by the Asharqia Chamber represented by the Khafji Business Council on Monday 22 February 2021 and moderated by the Chairman of the Council Marzouq Al-Balawi, that the Saudi Real Estate Institute specializes in disseminating the best international practices in the real estate sector and is the academic arm of the General Real Estate Authority, and is concerned with providing training and qualification for practicing professionals In the Saudi real estate sector, and granting them professional certificates that enable them to enter the labor market with high efficiency, given that the real estate sector is the largest non-oil economic sector in the Kingdom.
Al Hammadi explained that the institute is one of the initiatives launched by the Ministry of Housing to achieve the vision of the Kingdom of Saudi Arabia 2030, as it constitutes the first educational entity specialized in the field of real estate sciences in the Kingdom, in cooperation with local and international partners and expert houses in the real estate field, based on its vision that emphasizes raising standards Professionalism in the real estate sector in the Kingdom to the highest levels, through training and qualifying workers in the real estate market.
Al Hammadi pointed out that the institute, since its establishment in 2017, aims to raise the level of knowledge and qualify workers in the Saudi real estate market, familiarity with the regulations and legislation of the Saudi real estate market, developing and organizing the Saudi real estate market, professionalism in training and qualification, and creating job opportunities for Saudis, as it is a real estate platform To exchange experiences and knowledge and is interested in organizing relevant conferences and exhibitions.
Al-Hammadi pointed to a package of training programs that achieve these goals, which will be organized by the Institute in partnership with the Chambers of Commerce during the coming period, in line with the Institute's mission, which emphasizes the interest in spreading knowledge and meeting the training and educational needs of the real estate sector through optimal partnerships internationally and locally, indicating that the institute aims to reach training 72 thousand trainees until 2025, and stressing the implementation of 5 training programs to prepare qualified leaders in the real estate sector, in addition to training programs aimed at raising the efficiency of workers in the sector, which amount to 10 training programs.
His Excellency Ghassan Al-Sulaiman: I founded my first private enterprise while studying for a masters degree
22/02/2021
Transferring his scientific and practical experience in the "My Experience" program in the Asharqia Chamber
His Excellency Ghassan Al-Sulaiman: I founded my first private enterprise while studying for a masters degree
His Excellency Dr. Ghassan Al-Suleiman - Founder and Chairman of the Board of Directors of Ghassan Ahmed Al-Sulaiman and Partners Group - will present his scientific and practical experience within the "My Experience" program, which was organized remotely by the Asharqia Chamber, represented by the Young Businessmen Council on Sunday evening February 21, 2021.
During the meeting moderated by Councilmember Ibrahim bin Saleh Al-Suhaibani, His Excellency Al-Suleiman explained that training and education is one of his first concerns that he was keen to continue, indicating that acquiring knowledge is not linked to a specific age and that a person must educate himself and know what is going on around him so that he is familiar with a great deal of knowledge that can help him at the start of any personal project, whether commercial or scientific.
Al-Sulaiman said that a person should always focus on what is important, pointing out that reading and personal culture is necessary, but taking care not to take more time to read than necessary so that the reader must focus on certain things from which he achieves the desired benefit, and can acquire the information that belongs to him Especially beneficial in the world of finance and business if it is a pioneer and entrepreneur.
His Excellency Al-Sulaiman stated that perseverance is one of the most important qualities of an entrepreneur, so I could not stand at this point for long, so I decided to start a new project and actually met investors in a specialized furniture company, and they talked to me about the possibility of introducing a new idea to the Saudi society represented in selling modern furniture. At a time when the Saudi society was dominated by the idea of traditional furniture, and it did not accept to change it, except in a few cities that were interested in integrating their home furniture with some modern pieces, and this was a great challenge for us, and indeed I was convinced of the idea, especially after I learned that the owners of the company mortgaged their homes when it was established, and this is what He convinced me to be a part of this project.
And Al-Sulaiman went on to say: I actually approached the company wanting to communicate with them, but they told me that I was very late and that a delegation from the company is already in Riyadh, where they are finishing the last stage of negotiations with the largest Saudi companies. A young person can work with them for a long time with great enthusiasm and passion.
Regarding his work in many committees and the ability to coordinate his time to give every work its due, Al-Sulaiman said that I learned how to manage my time so that I do not waste time on simple matters and always focus on important and strategic matters, and about his work as head of the development committee for chambers of commerce, he said: We are trying in this committee to develop a mechanism Working in the chambers, and from my position as head of the development committee of chambers of commerce, I can say that what we need most for the development of chambers of commerce is in the Asharqia Chamber.
The meeting witnessed the intervention of the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, and the Chairman of the Business Youth Council, Fahd bin Abdullah Al-Farraj.
Asharqia Chamber reviews methods of achieving goals
18/02/2021
Asharqia Chamber reviews methods of achieving goals
The General Director of the Women's Management Institute branch in the Eastern Province, Dr. Hessa bint Abdullah Al-Aqeel, said that a person can achieve his goals to reach his vision.
During a lecture organized by the Asharqia Chamber represented by the Women's Empowerment Center on the evening of Wednesday, February 17, 2021, Al-Aqeel defined the goal as the goal that the individual seeks and exerts in order to achieve, and it is the end of a process for a theoretical beginning to achieve the desired goal, which is also the guide for the behavior of the individual What satisfies the motivation and achieves ambition, and finally, the decisive result that the individual aspires to reach.
Al-Aqeel talked about the ingredients for success in achieving goals, which are: the smart goal, clearly defining tasks, proper planning, defining and evaluating our daily habits, changing habits and positive thinking in solving problems, referring to the most important positive thinking strategies in solving problems that are based on knowing the problems a person faces In addition to the thought necessary to address them, and the work method necessary to implement these solutions in reality.
Regarding identifying weaknesses and getting rid of them, Al-Aqeel said that there are weaknesses related to the capabilities and abilities of a person, which is a year of difference between people, pointing out that a person should trust and accept his abilities and focus first on his best qualities to raise his confidence levels, lack of focus and exhaustion of oneself in research about perfection.
Asharqia Chamber reviews the role of endowments in dealing with crises
18/02/2021
Asharqia Chamber reviews the role of endowments in dealing with crises
Asharqia Chamber, represented by the Endowments Committee, reviewed, on Wednesday, February 17, 2021, remotely, a workshop within the first meeting of the fifth session of the series of meetings of the Diwaniya of Awqaf in the Asharqia Chamber, which was held under the title (The Role of Endowments in Crises "Corona Crisis as a Model"), and dealt with the roles that the Endowments had previously practiced And recently, in dealing with crises, the financial advisor, member of the board of directors of the "benefit Association" for the Care of Endowments, Ayman Abanami, and it was moderated by the Executive Director of the Council of NGOs, Eng. Abdulrahman Al-Uhaidib.
Abanami said that there is a set of elements that must be met for the endowment instrument to be supportive of responding to crises, by authorizing supervisors to assess interests, disbursing endowment yields, presenting banks to others, and setting up pandemics for the beneficiaries of the endowment assets if the competent authorities decide to assess them as pandemics. The importance of coordination and integration between the endowment authorities in the Kingdom to respond to the crisis, by appropriating the roles of the government, ministries, endowment funds, and civil councils, and proposing initiatives.
Abanami introduced the Corona Observatory platform to monitor the charitable sector initiatives in this crisis, saying: It is an electronic platform launched under the patronage of the Minister of Human Resources and Social Development, and it was concerned with monitoring the initiatives of non-profit sector organizations targeting the Corona pandemic, highlighting and appreciating the sector's role and enhancing coordination and integration in facing the pandemic It was part of the integrative efforts focused on fighting the pandemic and limiting its spread, in addition to contributing to stimulating the launch of voluntary initiatives and its awareness campaigns
Abanami indicated that the number of implemented initiatives has reached about 985, including 281 in the relief field, 382 in the social field, about 229 in the educational and awareness field, about 33 in the developmental fields, and 160 in the health fields, and he pointed out that endowments and donors have come with charitable societies. In the tertiary sector, more than 527 million riyals, representing nearly 70% of what was provided by companies listed on the Saudi stock market.
And he went on to say the importance of looking at endowments as the main supporter of charitable organizations at the time of calamities, activating remote work and investing technology to save operational expenses and achieve an efficiency of spending, stressing that the role of the third sector is large and often parallels the role of the private sector, if not outdone, but it needs to be monitored and highlighted in the media in a manner Professional and ubiquitous.
Al-Khalidi: The establishment of the Small and Medium Enterprises Bank is a serious step that improves the efficiency of the business environment and enhances growth opportunities
17/02/2021
Al-Khalidi: The establishment of the Small and Medium Enterprises Bank is a serious step that improves the efficiency of the business environment and enhances growth opportunities
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the decision of the Council of Ministers issued yesterday, Tuesday, February 16, to establish the Small and Medium Enterprises Bank, (an important step and has direct implications for improving the efficiency of the business sector environment, and enhancing opportunities for growth and expansion of small enterprises And medium in the short term), noting that these facilities represent the backbone of the private sector and are a fundamental pillar in moving the national economy and enabling the realization of the 2030 vision AD, extending his thanks and appreciation to the Custodian of the Two Holy Mosques and the Prince for their efforts to support the business sector and support its participation in the growth process And the development the country is experiencing.
Al-Khalidi said that the step of establishing the bank, including the various financing products that it will offer in digital form, comes as one of the most important mechanisms that support and complement the serious steps taken by the state to raise the growth rates and the contribution of small and medium enterprises to the gross domestic product, stressing that the state has taken pioneering steps in strengthening the facilities. Small and medium-sized enterprises, and granted them multiple growth factors (procedural, regulatory, and financing), provided the appropriate environment for their expansion and spread, and facilitated many procedures for doing business, as part of an approach that aims to make these enterprises one of the pillars of sustainable growth in the country.
Al-Khalidi explained that establishing a bank for small and medium-sized enterprises would diversify the list of financing solutions for their pioneers to support their financial needs, achieve stability and growth for this vital sector, raise its readiness and motivate it to develop and modernize, increase its competitiveness, and thus move the national economy further, and provide many jobs for The national workforce, and the enhancement of the growth of the Kingdom's exports to the world, leading to a diversified and prosperous economy, expressing his optimism under the wise leadership of the country's economic future and the ability to achieve future goals.
Asharqia Chamber: Despite the pandemic, the subscriber growth index increased by 8.6%
17/02/2021
More than 104 thousand subscribers in the Asharqia Chamber by the end of 2020
Asharqia Chamber: Despite the pandemic, the subscriber growth index increased by 8.6%
The Asharqia Chamber, through visual communication technology, held Monday, February 15, 2021 AD, the General Assembly's work for the last fiscal year 2020 AD, during which the Chairman of the Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, reviewed the Chamber’s achievements, various activities and services provided to more than 104,000 affiliated business owners, as well as the Chamber’s financial position summary, and the results of the year Financial ending in December 2020, and the operating and capital budget for the current year.
Al-Khalidi said that despite the precautionary and preventive measures imposed by the Corona pandemic last year, the Chamber has moved towards continuing giving and contributing to development and prosperity, in accordance with its mission to support and develop economic and development work for the business sector and work as a platform to enhance communication opportunities internally and externally, by following frameworks that simulate Sophistication, professionalism, quality and workmanship; The room dealt positively with the Corona virus protection measures; On the one hand it stopped its employees coming to work places to protect their safety and the safety of their families, and on the other hand it continued to provide its services remotely through its electronic portal, and launched many initiatives that complement the government efforts to confront the pandemic, amounting to about 11 initiatives, and it continued to present its activities such as meetings, workshops and lectures Virtual, with the aim of continuing to present its awareness message to entrepreneurs from the region, as the business committees held 106 lectures and workshops, 107 committee meetings and 110 work team meetings, in addition to organizing 137 hosting, visits and meetings with officials.
Al-Khalidi revealed that the subscriber growth index increased during the past year by 8.6%, as the number of subscribers whose subscription is valid until the end of 2020 reached 104,942 subscribers compared to the number of 96,634 subscribers until the end of 2019. The electronic services portal as well as the Chamber's centers in Khobar and Jubail, indicating that the total services provided during the past year amounted to more than 140,000 services, and the unified call center and technical support responded to more than 10,000 calls and inquiries during the crisis period, as well as business and activities continued. And business committees and executive councils' meetings remotely using modern programs and technologies.
Al-Khalidi indicated that the last year witnessed the preparation of the Chamber more than 61 studies, economic reports, and specialized working papers, and more than 25 economic reports on trade relations between the Kingdom and several countries, as well as about 18 visuals on various economic topics, and the Chamber's subscribers were provided with more than 4902 An information service, and the subscriber base data represented about 79.6% of the total services.
On the level of legal services and consultations, Al-Khaldi said, the number of beneficiaries of the legal consultations provided by the Chamber to its subscribers during the year 2020 AD reached 423, including 207 telephone consultations, and about 199 consultations in personal presence, 17 consultations were provided by e-mail, and the number of cases reached Arbitration 26 cases and 18 cases were completed, while the number of commercial paper cases (protest) reached (220) cases, 19 cases were completed, and the number of commercial dispute cases was 19, and 14 cases were completed.
Concerning the services of the Asharqia Chamber for Employment Center, Al-Khalidi indicated that last year, the center organized 12 employment meetings in cooperation with several establishments, and the number of job seekers participating in employment meetings reached 1,600 job seekers, and the total number of jobs offered in job meetings was 1637 jobs, and the number of companies participating was In employment meetings 19 companies, while the total number of job opportunities that were offered through the center’s website for the year 2020 in 1410 opportunities, and the number of establishments benefiting from the center’s website services reached 71.
Went on saying, that in support of the training system and rehabilitation was implemented 26 short training program, was also provided 5 diplomas qualifying long, in addition to the implementation of 31 training activity, and the number of training days carried out during the year 2020 about 181 training days and the number of trainees 940 trainees Training Center.
Al-Khalidi pointed out that the Asharqia Chamber has paid small and medium enterprises its attention and attention, and during the past year, it provided about 600 consultations throughout the year between administrative, marketing, institutional and technical consultations, and organized 3 training courses, 2 lectures, workshops, and 16 meetings, as for the services provided. To support female small and medium-sized enterprises, 92 consultations were provided, in addition to 7 training programs and workshops, about 5 induction meetings, and 5 lectures. Young businessmen in the Eastern Province were also supported by implementing two visits and launching 2 initiatives (The Remote Work Initiative - Commission Cancellation Initiative), in addition to Organizing 5 meetings and 4 training programs.
Under the slogan of consolidating development, Al-Khalidi explained that, during the past year, intending to improve the investment structure in the region, the Chamber launched 2 initiatives (Bridging Initiative - the Hospitality and Entertainment Committee initiative to provide free consultations to workers in events and entertainment activities, and it held 2 hosting and 5 meetings (meeting the President Executive at the Royal Commission in Jubail - Meeting with the President of Saudi Aramco - Meeting with the CEO of the National Unified Procurement Company (NEPCO) and the Royal Commission meeting in addition to a meeting of basics and skills in entrepreneurship).
In terms of developing international relations to increase foreign investment, the number of diplomatic and official visits and important personalities to the Chamber in 2020 reached about 8 visits, and the number of trade delegations visiting the Chamber reached 4 commercial delegations, and 4 meetings were organized, and in general the number of Saudi businessmen's participation in International events and events in 2020 about 9 participations (4 joint business meetings - 4 delegations leaving abroad - 1 joint business forum).
After the General Assembly, Al-Khalidi valued the great support of His Royal Highness, Prince, Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, for all the outputs of the Chamber, and his constant keenness to take care of the private sector and stand next to it, as well as His Royal Highness Prince Ahmed bin Fahd Bin Salman, Deputy Governor of the Eastern Region, who always showed positive interaction with the Chamber’s initiatives and programs .. Al-Khalidi also thanked the Minister of Commerce, Dr. Majed Al-Qasabi for his support and interest in the business sector, and to all government agencies and departments and others that had outstanding contributions and fingerprints. It is evident in the many projects launched by the Chamber during the past year. Thanks are extended to businessmen and women and all the Chamber’s subscribers, to my brothers and sisters, members of the Chamber’s board of directors, and to members of the executive body, whose achievements and efforts have been made.
Eastern Region Municipality: Approval of a guide to health, technical and safety conditions in collective housing for individuals
15/02/2021
Eastern Region Municipality: Approval of a guide to health, technical and safety conditions in collective housing for individuals
Officials in the Eastern Region Municipality highlighted the importance of improving the housing environment for workers and individuals by applying the necessary regulatory measures for improvement in line with safety requirements by the best international standards.
The Assistant Undersecretary for Reconstruction and Projects, Eng. Mazen bin Adel Bakhurji, spoke in a workshop organized remotely by the Asharqia Chamber represented by the Jubail Business Council on Monday, February 15, 2021, under the title (Partnership in Improving the Housing Environment for Workers and Individuals), moderated by the Chairman of the Council Mubarak bin Abdullah Al-Mishal. The Secretariat, in continuous coordination with the establishments, is proceeding with the improvement project until it reaches labor housing that meets all the necessary safety and environment requirements and has worked to take several quick measures in this project, especially concerning the Coronavirus to limit its spread among workers, and other measures that take into account development and regulation on Long-term housing for workers, such as working on updating the regulation for health conditions for labor housing.
Bakhraji went on to say that the labor housing file is one of the files that have enjoyed great priority in all the concerned sectors and that the Corona pandemic played a role in accelerating the pace of work on that file and addressing all its challenges, pointing out that creating a suitable environment for workers ’housing is an investment attraction in light of the objectives of the investment vision.
For this part, said Director General of Environmental Health Secretariat, Dr. Abdul Rahman Bin Saleh Alshahyl, to improve workers' housing initiative, launched in the light of the pandemic conditions, and keep pace with the precautionary measures taken by the State preventive and to reduce the spread of Coronavirus, Stressing to move forward to achieve adequate labor housing that is compatible with public health requirements, with high specifications and compatible with health and safety requirements, indicating that the Secretariat has taken into account, through requirements related to buildings, designs, and specifications, that the workers' housing areas have all the specifications and planning and construction standards that provide a safe and complete residential environment and services, Pointing out the importance of collaborative work between the Municipality of the Eastern Region and employers, with the aim of raising the level of application of improved and regulated requirements and procedures for workers' housing.
Al-Shuhail said that a guide to the health, technical and safety conditions that must be met in collective housing for individuals has been approved, which contains a number of requirements, including those related to the locations of collective housing for individuals and also with regard to buildings, designs and technical specifications, health, safety, and the environment, crisis-time requirements, individuals' rights requirements, and finally the requirements. Especially for monitoring and following up the implementation of requirements and the use of violations tables.
"Human Resources and Social Development" confirms the effectiveness of flexible work in combating "shadow labor" and increasing citizen's income
15/02/2021
During a workshop organized by the Asharqia Chamber
Human Resources and Social Development" confirms the effectiveness of flexible work in combating "shadow labor" and increasing citizen's income
Officials at the Ministry of Human Resources and Social Development emphasized the importance of the ministry’s step and initiative in launching the "flexible work" initiative in creating more job opportunities for the sons and daughters of the nation, supporting Emiratisation and reducing unemployment rates, meeting the needs of the private sector of national cadres, as well as its contribution to reducing expatriate workers.
This came during a workshop organized by the Asharqia Chamber represented by the Hospitality and Entertainment Committee and moderated by a member of the committee, Muhammad Al-Arfaj, Monday 15 February 2021, entitled (Flexible work, its advantages, and effects on the Saudi labor market). The initiative launched on 5/10/2020 came to keep pace with modern work patterns And enabling the Saudi job seeker and the employer to contract flexibly, where the wage is on an hourly basis (the lowest wage unit), so that the contract is electronically between the worker and the employer, in the interest of both parties.
The Director of the Employers and Subscribers Division at the General Organization for Social Security, Moaz Al-Juhani, said that flexible work, in the form launched by the ministry, serves the part-time worker, as he performs work for one or more employers, and the wage is calculated on the hourly basis, provided that the worker's working hours are reduced by the employer and one works for half of the establishment’s working hours.
For his part, Director of the Future Work Company project, Firas Al-Jarrah said that the most prominent features of this type of contract are that it contributes to raising the readiness of job seekers to enter the labor market and enabling them to practice the necessary professional skills, organizing jobs that require flexibility in contracting, and assisting the sector in meeting its urgent needs. The seasonality of national cadres, and thus the productivity of this sector is increased by providing contracts that are more appropriate to productive needs, and enabling women to work and take advantage of available and flexible opportunities. He concluded by saying that flexible work regulation contributes to the localization of jobs occupied by foreign workers, increases the participation rate in the labor market, and reduces the percentage of non-migrant workers used by the shadow economy.
As for flexible work specialist Abdullah Al-Mayman, he pointed out that the flexible work regulation preserves the rights of the two parties because the contract is done automatically through the flexible work portal, and the wage is calculated by the flexible work contract according to the hourly wage and the wage is paid monthly, and the employee is automatically added to the pensions branch of the Social Insurance, and no The employer is obligated to compensate the worker with the flexible work contract for all types of paid leave, and the employer is not obligated to compensate the worker with the flexible work contract with an end-of-service bonus or medical insurance, because the work in this format came to meet the need for tasks that do not require a full day.
Al-Khalidi and Al-Shammri review the development of the corporate banking infrastructure
10/02/2021
Al-Khalidi and Al-Shammri review the development of the corporate banking infrastructure
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, met Wednesday, February 10, 2021, Eng. Mudhi Al-Shammari, Senior Vice President - Head of Emerging Business Banking at Riyadh Bank, and Muhammad Al Salem, Vice President - Regional Director of Emerging Business Banking, in the presence of the Chamber's Secretary-General Abdulrahman bin Abdullah Alwabel.
Al-Khalidi congratulated the bank on the bank’s award of the Euromoney Excellence Award as the best bank for small and medium enterprises in the Middle East for the year 2020, praising the bank’s efforts and initiatives in supporting the business sector, and pointing to the strategic partnership between the Asharqia Chamber and Riyadh Bank.
Al-Khalidi also reviewed the bank’s support for the business sector by providing programs for the private sector in general and entrepreneurs and business leaders in general, pointing to the bank’s interest in the programs and events of the chamber that resulted from the bank’s sponsorship of the Young Businessmen Council in the past period and providing support for the “RAD” forum, one of the council’s activities.
The meeting also reviewed the interest of Riyadh Bank in providing various banking services that would contribute to developing the banking infrastructure for companies, especially small and medium enterprises, by presenting a series of periodic meetings during the coming period.
Asharqia Chamber organizes Tuesday monthly meeting for businesswomen
10/02/2021
Asharqia Chamber organizes Tuesday monthly meeting for businesswomen
Asharqia Chamber, represented by the Women's Empowerment Center, organized a monthly Tuesday meeting for businesswomen through video calling on the evening of Tuesday 9 February 2021.
The guest of the meeting, Dina bin Abdullah Al-Ajaji, Managing Director of the Pioneering National Academy (LNA), spoke about the interaction of the women’s business sector in the Eastern Region with all that is new in the education and training sector, as the sector interacts with various training initiatives and programs to improve its services, develop its work mechanism, and keep pace with updates holding in the world.
Al-Ajaji clarified the goals of the Academy that seeks to achieve its vision of leadership in diversifying job opportunities and working to diversify the skills of the Saudi female workforce through training that is characterized by sophistication and flexibility and is consistent with the general economic orientation, pointing to several programs and diplomas offered by the Academy that specialize in managing a chain supply, occupational health, and safety, business administration, chemical laboratory technology, building quality inspection, and electricity technology, pointing out that its programs are approved and supported by the competent authorities such as the Human Resources Development Fund "Hadaf" and the General Organization for Technical and Vocational Training.
Al-Ajaji indicated that the Academy has implemented 45,000 training hours for 372 trainees in different specialties, stressing that the training stands on the list of concerns of individuals and companies, in line with the efforts of the state, may God protect it, to improve the educational process and enter new specializations in the education sector as well as the local market in line with the Kingdom's Vision 2030 Therefore, it is imperative for everyone to develop their tools to keep pace with these changes.
A cooperation agreement between the Asharqia Chamber and the Excellence Center to enhance investment opportunities within the Kingdom
09/02/2021
A cooperation agreement between the Asharqia Chamber and the Excellence Center to enhance investment opportunities within the Kingdom
Asharqia Chamber and the Center for Distinguished Residence signed a cooperation agreement to enhance joint work, achieve cooperation between the two parties to support economic development, increase non-oil revenues, develop the economic sector and raise its level of performance, and stimulate the investment environment within the Kingdom.
The agreement signed by the Chamber’s president, Abdul-Hakim bin Hamad al-Ammar al-Khalidi, and the Center’s CEO, Bandar bin Sulaiman al-Ayed, was based on the principle of cooperation and complementarity between the two parties, and the relentless pursuit of common goals on the part of the center is a project that aims to enhance opportunities for Foreign investment and seeks to define the target groups for distinguished residency and motivate them to turn to it, and it meets with that with the Asharqia Chamber, which represents the interests of the economic sectors in the Eastern Region.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, stated that the agreement resulted in the appointment of a liaison officer to coordinate and implement the work and points of this agreement. Asharqia Chamber, preparing and publishing specialized questionnaires for the beneficiaries and those interested periodically to identify their views and suggestions and analyze these results, in addition to organizing joint awareness and educational activities to explain the advantages of obtaining the distinguished residence that the center adopts.
Al-Khalidi stressed that the Chamber always seeks to communicate with all governmental and non-governmental agencies and to create joint work programs that serve the subscribers, raise the economic situation, and the level of the private sector's contribution to the GDP, which is one of the most important goals of the Kingdom's Vision 2030, which is the most important roadmap to reach a better reality from various economic, social and cultural aspects.
Asharqia Chamber: Developing the system of legislations enhances competitiveness, attracts investments, and increases business efficiency
09/02/2021
Asharqia Chamber: Developing the system of legislations enhances competitiveness, attracts investments, and increases business efficiency
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the announcement of His Highness the Crown Prince to work during the current year to develop the system of specialized legislation, but rather enhances the competitiveness of the Kingdom and increases the reliability of its judicial and procedural systems, and improves its control mechanisms, which is reflected in the Facilitating the economic movement in the country, attracting investments and raising business efficiency in general.
His Royal Highness Prince Mohammad bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, and Minister of Defense announced the beginning of the development of the legislative system for each of the personal status system, civil transactions, penal system for discretionary penalties, and the draft Evidence system, respectively during the current year.
Al-Khalidi valued the announcement of His Highness, the Crown Prince, pointing out that the Kingdom is taking balanced steps towards reform at all levels, within a vision aimed at reaching development in its comprehensive sense, whether in terms of legislative, organizational, or procedural, following international standards, and line with the needs and aspirations of society, raising thanks and appreciation To the Custodian of the Two Holy Mosques and His Highness, the trustworthy Crown Prince - may God protect them - for their tireless endeavors towards strengthening the Kingdom's high position among nations, raising the efficiency of its judicial and procedural systems, improving the quality of life for its residents, and establishing principles of justice and transparency.
Al-Khalidi stressed that the work on developing the legislative system confirms the extent of the keenness that the wise leadership attaches to achieving comprehensive development, and its belief that it is a target that can only be reached by continuing work on development and modernization in line with global developments, and in line with the Kingdom's principles and Islamic values, pointing to The development of a system of specialized legislation will positively affect interactions between individuals and each other, enhance the position of the family in society and reinforce the cohesion of its structure, as well as its expanding implications for the business environment, including increased reliability and establishing civil and commercial rights.
A cooperation agreement between the Asharqia Chamber and "Hadaf" to train and qualify 10 thousand young men and women
09/02/2021
A cooperation agreement between the Asharqia Chamber and "Hadaf" to train and qualify 10 thousand young men and women
Asharqia Chamber and the Human Resources Development Fund (Hadaf) signed a cooperation agreement to train and qualify 10,000 young men and women to work in private sector institutions in the Eastern Province, and accordingly, a work team and accounts officer were formed to activate the coordination process between the two parties.
The agreement signed by the Chamber’s Chairman, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, and the Fund’s Director-General, Turki bin Abdullah Al-Jaouini, stipulated cooperation between the Chamber and the Fund represented by the on-the-job training program (Tamheer), which is directed to graduates and graduates from Saudi universities, and on scholarship Bachelor and higher, as well as graduates of institutes and colleges who hold technical, health and administrative diplomas, to train them in government institutions, organizations, and distinguished international companies inside and outside the Kingdom, so that they can acquire the expertise and skills necessary to prepare them and qualify them to participate in the labor market.
The agreement also stipulated several areas of cooperation, including enabling the private sector establishments identified by the Chamber to benefit from the (Tamheer) program by the controls and mechanism approved by the Fund, allowing these establishments to benefit from the program’s trainees with more than 10% of the total number of their employees, and providing the Chamber With the data of those eligible in the program and registered on the national portal (Taqat).
Under this agreement, the Asharqia Chamber will also limit training opportunities in the private sector establishments and hold periodic meetings at the Asharqia Chamber’s headquarters, with the participation of fund representatives between the participating facilities and the “Tamheer” program trainees, to enroll them in the establishments.
Commenting on this, the Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, explained that this agreement is part of the Chamber’s efforts to support Emiratisation and Saudization in the private sector. This sector is looking forward to further attracting the trained workforce, and it is ready to practice training and qualification on the job. He believes that this is one of the priorities of his national duties.
Al-Khalidi added that the issue of resettlement and Saudization in the private sector is one of the issues that the Chamber has devoted most of its care and attention to, and for this purpose, it has held dozens of forums, seminars, and workshops, and the process of communicating with all government agencies concerned in this regard, especially the Ministry of Human Resources and Social Development, has not stopped. Human resources are from the concerned authorities in this regard, as the Chamber finds it necessary to support the efforts he exerts and seek to stand with it in this great responsibility.
Al-Khalidi pointed out that the process of coordination and communication with the Human Resources Development Fund (Hadaf) represented by its branch in the Eastern Region has not stopped since the fund began its work more than a decade ago, and this agreement is nothing but a culmination of those meetings and activities that take place between the room and the fund, and it is not surprising that we are all In one boat to serve people, society and the economy in our beloved country.
Training and private education investors in the Kingdom are presenting an "option" to merge
07/02/2021
Training and private education investors in the Kingdom are presenting an "option" to merge
Investors in the training and private education sector stressed the need for a serious approach to achieving mergers between establishments operating in the sector, to face the upcoming challenges, which - based on the data of last year - appear to be unfavorable to the institutions, due to the decline in revenues and the maintenance of expenses.
This came during the expanded meeting for workers in the sector, organized by the Asharqia Chamber last Wednesday 03 / February / 2021, and it was transferred remotely with the participation of the Vice President of the National Committee for Private Training and Education, Dr. Abdulaziz bin Muhammad Al-Awwad, and the presence of the Chairman of the Committee Abdulaziz bin Fawzan Al-Fahd. The challenges facing the sector such as resettlement and investment in light of the Corona pandemic constituted the biggest challenges facing the sector for more than twenty years.
For his part, Abdulaziz bin Fawzan Al-Fahad, Chairman of the National Committee for Training and Private Education at the Council of Saudi Chambers, said that private schools during the pandemic period presented many initiatives, but the operating expenses did not change, as the buildings exist and have consumer expenses, transport buses and their staff are present, and the loans owed to schools do not It still exists, and a lot of revenues are declining. Schools have taken the initiative to reduce fees, and he stressed that if distance education continues, it will be painful for schools next year.
The attendees concluded that there is a need for cooperation between the National Committee for Training and Private Education and other committees in the chambers and to assume the responsibility of raising the concerns of the sector to the concerned authorities, and to come up with specific formulas to avoid the sector from an upcoming disaster.
It is noteworthy that the meeting witnessed a review of the efforts of the National Committee for Education in the Council of Saudi Chambers, and its dialogues were moderated by Khaled Al-Juaira, Chairman of the Training and Education Committee in the Asharqia Chamber.
Asharqia Chamber of Employment Center contributes to providing more than 3000 jobs for both sexes in the private sector
07/02/2021
Through the mediator role in the recruitment process
Asharqia Chamber of Employment Center contributes to providing more than 3000 jobs for both sexes in the private sector
Asharqia Chamber, represented by the Chamber's Employment Center, during the past year 2020, made several achievements in support of Emiratisation and Saudization in the private sector, by playing the role of mediator between job seekers and institutions looking for qualified national competencies.
In this regard, according to the report issued by the center for the period (from January 1 to December 31, 2020), the number of job seekers registered with the center is 33,258 male and female students (thirty-three thousand two hundred and fifty-eight male and female students), who hold postsecondary certificates (diplomas, Bachelor's, master's degrees), while the number of establishments that benefited from the services of the center during the aforementioned period reached (106 establishments, out of 2,684 companies registered on the center's website). The Chamber or through direct dealing with the website of the center, and then communicating with male and female job seekers according to specialization.
In this regard also, during the same period, 3067 different jobs were offered through the center (of which 1637 jobs were presented through employment meetings that the center has been holding from time to time, as 12 meetings were organized during the past year), according to the requests of the beneficiary companies and institutions. Through the website of the center or employment meetings, this resulted in the employment of 1795 male and female students (of which 1270 male and female students were enrolled through the website and the rest through employment meetings).
Accordingly, The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that these accomplishments are one of several activities carried out by the Chamber to support our national options in localizing jobs, as our approaches intersect with all government and private agencies to attract the competencies that our beloved country abounds in and to provide areas a work whereby it can serve this generous nation, elevate its status, and strengthen its position on the global economic map, as we all look forward to all our achievements and projects with national ideas and hands, supported by national and foreign investments, and this is what the Kingdom's Vision 2030 emphasized in many of its optimistic items With a bright future.
Saudi Customs reviews the "pillars" of protecting the Kingdom's economy and society
03/02/2021
During a meeting with the Business Council of the Asharqia Chamber in Jubail
Saudi Customs reviews the "pillars" of protecting the Kingdom's economy and society
The Director-General of Business Development at the Saudi Customs Authority, Badr Al-Rabdi, said that there is a big difference between the authority’s strategy before 2018 and after, as there have been radical changes to the strategy, and many initiatives have been launched aimed at conducting Saudi trade and strengthening the Kingdom’s economic position in global indicators.
Al-Rabdi said during a remote meeting organized by the Asharqia Chamber represented by the Chamber's Business Council in Jubail Governorate, Tuesday, February 2, 2021, and moderated by the Chairman of the Council, Mubarak Al-Mashal, that the operational status before 2018 - and before the customs turn into an independent body - is characterized by some difficulties, to the extent that some containers remain in the ports to More than 12 days, during which most of the goods that come to the Kingdom are inspected, documents are submitted in paper form, and some of these documents are unnecessary and each government agency is dealt with independently, which has direct economic effects.
According to the Director-General of Business Development at the Authority, after the launch of the Saudi Customs strategy in late 2017, the situation changed dramatically, as the strategy was based on three pillars (facilitating trade exchange, generating revenues, and protecting society and the national economy), and accordingly many initiatives were launched that The realization of this strategy, among its most prominent initiatives towards trade facilitation, worked on launching the clearance program within 24 hours, providing all services through the "Fassah" platform, allowing for the pre-submission of data before the actual arrival of the means of transport, launching technical link services with other government agencies, and reducing documents for import. And export (from 12 documents to two documents only), the launch of the Authorized Economic Operator Program and the Customs Targeting Center, and the launch of a customer service center that works around the clock (24 hours and seven days a week)
Based on these initiatives, Al-Rabdi says that the results that were achieved were reduced the average clearance to less than 24 hours, and the percentage of manual inspection of containers decreased from 90% to less than 50% because customs are focusing more on commodities. The most dangerous, canceling the request for some unnecessary documents, and automating all electronic services to dispense with the submission of paper documents, and electronic exchange of data between government agencies, which facilitates the final release process.
He added that the results of those initiatives and projects that were implemented after the launch of the customs strategy had been harvested, as export and import procedures improved and the clearance process developed, and thus the Kingdom advanced in all sub-indicators through the World Bank survey with the private sector from 150 in 2016 to 86 in the Last year 2020 ".. as the technical link was completed with all government agencies through the Fasah platform, which leads to improving operational efficiency and contributing to reducing clearance averages, and developing regulations for practicing the profession of customs clearance and deposit zones. This will lead to the regulation of the relationship between the authority and its partners in the private sector." And improving the services provided through the Fasah platform, launching the new version, canceling some unnecessary steps, expanding the approved “economic operator” program to become a “priority” program, as benefits will be given to companies joining the program in partnership with other government agencies, and the launch and launch of the import and export guide with more Of transparency, developing the integrated customs tariff and publishing it on the authority’s website, and launching some logistical services that contribute to reducing its cost gross.
He stressed that the ambition did not stop at this point, but rather the ambitions are higher and more, as Customs efforts are continuing to achieve its vision derived from the Kingdom's 2030 vision, as the implementation of the strategy was reviewed and updated to follow up on the achievement.
Asharqia Chamber: It is appreciated for the Prince of Eastern to launch the second version of the study on the reality of social responsibility in the Eastern region
02/02/2021
Asharqia Chamber: It is appreciated for the Prince of Eastern to launch the second version of the study on the reality of social responsibility in the Eastern region
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, the inauguration of His Highness on Monday, February 1, 2021, the second version of the (Study of the Status of Social Responsibility in the Eastern Region), which comes in partnership Between the Asharqia Chamber represented by the Occasions Fund, the Social Responsibility Council in the Eastern Province, and Imam Abdulrahman bin Faisal University in Dammam. Al-Khalidi praised the great support given by His Highness, the Prince of the Eastern Region, to promote and spread the culture of social responsibility in the region, and his constant assertion that it is one of the important areas in the development of societies, and its culture is not defined by time or place, and it will remain as long as human remains.
Al-Khalidi said that the Chamber’s support, represented by the Occasions Fund for the second edition of the “Study of the Status of Social Responsibility in the Eastern Region”, is in line with one of its most important and firm values of being an influential part in establishing and strengthening the culture of social responsibility in the eastern region, noting that the chamber has an extended history. In stimulating the private sector to include social responsibility among its main programs, based on what it achieves from a real community partnership, and the positive results it yields about business sustainability.
For this part, the Vice President of the Asharqia Chamber, Badr bin Sulaiman Al-Rizzeza, affirmed the great keenness that His Highness, the Emir of the region expresses, to promote and spread the culture of social responsibility, and to emphasize its importance in consolidating the spirit of cooperation and joint action, which is the basis of development and the capital of its sustainability. What had the greatest impact on achieving many successes, saying: (From one year to the next, paths of work in support of social responsibility progress, and they move in the Eastern Province to become a model for social work that all regions of the Kingdom draw from.)
Al-Rizzeza said that the 2030 vision includes the implementation of its goals on many aspects of social dimensions that fall under the vocabulary of social responsibility, due to its great importance in the development of society following the foundations of sustainability.
Standardization: Legal standardization helps facilitate international trade in alignment with international standards
02/02/2021
During a workshop in the Asharqia Chamber
Standardization: Legal standardization helps facilitate international trade in alignment with international standards
Asharqia Chamber represented by the Commercial Committee held a workshop that reviewed the subject of legal calibration services "standardization" for manufacturers, importers, and users of measuring devices, on Monday evening February 1, 2021.
In the remote workshop, Eng. Awas Al-Qurashi - Senior Metrological Engineer - from the Saudi Organization for Standardization, Metrology, and Quality spoke about calibration, which has become a part of most aspects of daily commercial, economic, industrial, environmental, and health life, through the uses of various devices and measuring tools in these Domains and critical and important decision-making based on the measurement results shown by these devices and tools.
Al-Qurashi explained during the workshop moderated by a member of the Commercial Committee, Muhammad Al-Majdouie, that the legal calibration is part of the calibration related to measurement units, methods, and devices, to the technical and legal requirements binding to ensure public protection, in terms of safety and appropriate measurement accuracy, indicating its importance which is accurate reading Legal measuring devices and their compliance with international specifications and recommendations, facilitating international trade in conformity with international standards, and having a neutral party to ensure the accuracy of the readings, and also achieve the required justice.
Al-Qurashi said that the National Standardization and Calibration Program "Taqyis" is one of the initiatives of the Saudi Organization for Standardization, Metrology, and Quality within the National Transformation Program 2020, which aims to match the legal measurement tools with the standard specifications to ensure the correctness of the sold quantities by conducting technical checks and field verification, such as fuel pumps and commercial scales, electricity and water meters.
For his part, Engineer Abdulaziz Al-Jaber - a senior metrological engineer - drew attention to the measured commercial transactions, namely the sale and purchase of goods and services that need a measurement process to determine their value, and he also indicated that legal standards are applied to devices used in commercial transactions, such as electricity and gas meters, water meters, scales, and pumps fuel, to protect the seller and the buyer.
Al-Jaber explained that the owners of the facilities must submit a request for periodic or initial verification of measuring devices used in commercial exchanges and that the device has an acceptable label, and also make sure that it has obtained a national model approval certificate in addition to the initial verification sticker, and finally, that the label on measuring device.
Asharqia Chamber stresses the necessity of activating the "Tawakilna" application as a condition for visiting its headquarters, branches and centers
31/01/2021
Asharqia Chamber stresses the necessity of activating the "Tawakilna" application as a condition for visiting its headquarters, branches, and centers
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the directives of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, to start activating the application by citizens and residents, to highlight what proves the health status of the beneficiary, provided that it is a mandatory precautionary condition for entering public and private headquarters.
Al-Khalidi announced the issuance of the directives of the Board of Directors of the Asharqia Chamber to prove the activation of the application of our trust in all visitors and beneficiaries of the Chamber’s services, whether in the headquarters in Dammam and all the Chamber’s branches in the Eastern Province and the service centers deployed. Al-Khalidi also called upon all subscribers of the Chamber and the general business sector to adhere to the directive of His Highness, the Prince of the region, to applied preventive measures in all public and private facilities to limit the spread of the Coronavirus.
The Chamber’s Chairman pointed out the importance of making use of the Chamber’s electronic services platform, which saves the subscriber time and effort in completing their services easily.
Al-Tamimi: Insurance regulations for leased vehicles oblige the lessor to choose the best insurance companies and least expensive
27/01/2021
Al-Tamimi: Insurance regulations for leased vehicles oblige the lessor to choose the best insurance companies and least expensive
The CEO of Insurance House Naji Al-Abdullah Al-Tamimi confirmed that the comprehensive insurance controls on vehicles included provisions that take into account the interests of both parties to the leasing process, and obligate the renter to be the actual user of the vehicle, and for the lessor to choose the appropriate insurance company.
This came in a working paper titled “Comprehensive Insurance Policy on Financially Leased Vehicles for Individuals” that was presented during a workshop held on Tuesday 26 January 2021 through direct transportation, explaining that the Saudi Central Bank has issued comprehensive insurance controls for vehicles leased out for financing for individuals. It shall be implemented as of November 1, 2020, which governs the relationship between the lessor (financing companies or banks licensed to practice the financial leasing activity) and the lessee (the owner of the benefit of the vehicle leased under the lease contract).
He added that these controls confirmed that the renter is the actual user of the vehicle, and the lessor insures the vehicle annually throughout the term of the financial lease contract, provided that this financing is done according to offers for at least three companies, and the lessor chooses the best and cheapest offer and presents it to the lessee, who He is not entitled to choose the insurance company, while the lessor must explain to the lessee the scope of coverage, provisions, and exclusions, as well as the method of repair, provided that all of this is clear in the insurance policy (a hard copy of it is in the hands of the lessee), and the lessee has the right to request additional benefits on the policy in case have found it.
Regarding the insurance premium, he said it that it is the subscription amount paid by the insurer (the lessor and the tenant), or whoever represents them to the insurance company in exchange for the company's approval to compensate for the damage or loss that the direct cause of its occurrence is a covered risk under the insurance policy, and this value (or premium) is calculated Annually by the insurance company based on the change in the insurance value and individual pricing factors.
He added that the lessee must provide the lessor with any material changes to his data that have been submitted to obtain insurance that affect the value of the insurance premium, and in return for that, the insurance company provides the lessor with the basic value of the insurance premium (which is the pricing that is applied without applying discounts due to individuals based on Underwriting instructions issued by the Central Bank), in addition to its value after applying discounts in the event the tenant is entitled to them .. confirming that the controls oblige the lessor to calculate the value of the insurance premiums of the lessee at the beginning of the financial lease contract based on the basic value of the insurance premium, as the lessor does at the end of each year Insurance by liquidating the amount that was paid to the insurance company and what was charged to the tenant and keeping it in the tenant’s insurance account and providing him with a copy of this account, and returning the excess amounts to the lessee resulting from the difference between the value of the basic installment before the deductions due after its application, or requiring the tenant to pay additional amounts in case The lessor bears the security amounts higher than what was withdrawn from the lessee in exchange for the insurance premium.
He stressed the commitment of the insurance company to give priority to the first beneficiary (the tenant) to buy the wreckage of the insured vehicle in the event that it is calculated as being totally economically destroyed at the value specified by the authority concerned with estimating the value of the wreck.
He concluded by saying that the settlement of accounts related to the insurance policy takes place within 30 days of the end of the financing contractual relationship between the lessor and the lessee.
It is noteworthy that the workshop was moderated by a member of the Finance Committee in the Asharqia Chamber, Zaid Al-Yaish
"Food and Drug" affirms: Central clearance mechanisms are in line with "Vision 2030" to achieve excellence and improve service
26/01/2021
During a workshop organized by the Asharqia Chamber
"Food and Drug" affirms: Central clearance mechanisms are in line with "Vision 2030" to achieve excellence and improve service
An official at the Food and Drug General Authority stated that the central clearance of products subject to the authority’s control through the various border outlets supports the principle of achieving distinction and upgrading the level of government performance, in line with (Vision 2030) aimed at raising the level of the Kingdom’s ranking in the cross-border trade index, by reducing the clearance period that cooperates In it, the authority with the Saudi Customs Authority to achieve one of its most important strategic objectives is to facilitate trade exchange and achieve customer satisfaction.
The Chairman of the central clearance in the eastern sector of the authority, Fahd bin Awwad al-Sharari, said during a workshop organized by the Asharqia Chamber on Monday 25 / January / 2021 through a direct transmission that among the objectives that the authority seeks through the implementation of the central clearance mechanism is to reduce the procedures and speed of decision-making, and that is through presence And work in the outlets around the clock (even on holidays and annual holidays), and standardize procedures in all outlets, even those in which the authority has no center in them, which achieves a reduction in the time it takes to clear missionaries. Note that the authority is present in 16 border outlets in the Kingdom in general.
He added that the (clearance operations mechanism) at the outlets is based on the executive regulations of the food system (Resolution No. 3/16 / 1439) dated 9/4/1439 and the executive regulations for the system of pharmaceutical facilities and preparations No. (103542/1/12) dated 6/18/1426, Regulation for the Control of Medical Devices and Products No. (4/16/1439) dated 9/4/1439 AH, confirming that “through the application of a unified procedure for clearing all products subject to the supervision of the authority and imported through the border outlets, based on technical standards for studying risks, requirements and requirements that must be met at the clearance stage.
He listed several challenges that cause the delay in the clearance process, which will be bypassed through the implementation of the central clearance mechanism, including failure to fulfill the requirements for clearance (not attaching the documents required for clearance and providing the clearance agent with them, or the presence of quality logos on the product without attaching certificates proving this. Or importing non-labeled products in the Arabic language, etc.
It is noteworthy that the workshop dialogues were moderated by Ibrahim bin Abdulrahman Al-Fuhaid, a member of the Logistics Committee in the Asharqia Chamber.
Jubail Business Council reviews its plan for 2021
26/01/2021
Jubail Business Council reviews its plan for 2021
On Tuesday, January 26, 2021, the Business Council at the Asharqia Chamber Branch in Jubail held its 13th remote meeting in which it reviewed the most important activities and programs of the Council for the coming period. The Council Chairman Mubarak bin Abdullah Al-Mishal said, during the meeting, that the business sector in the governorate faces several different challenges that the Council will discuss during its activities for the first quarter of this year.
Al-Mashal pointed out that the economic and commercial situation in the governorate is encouraging, and in most of its fields, stressing that the business sector is witnessing several incentives in a variety of disciplines, indicating that the Council intends to conduct several visits to officials and specialists to work to overcome the challenges and obstacles that affect the recovery of the economic situation in Jubail.
Qatif Business Council reviews its upcoming activities
26/01/2021
Qatif Business Council reviews its upcoming activities
The Business Council in Qatif Governorate held its 13th remote meeting in which it discussed the Council’s plan for the current year 2021, and the most prominent activities that it is working to implement for the coming period.
The Chairman of the Council, Abdul Mohsen bin Abdul Majeed Al-Faraj, said during the remote meeting on Monday 25 January 2021 that the Council reviewed the most prominent programs through which it seeks to discuss the challenges of the business sector in Qatif, indicating that the council’s plan has absorbed many challenges facing the Qatif sector. Business in various specialties.
Al-Faraj indicated that the Qatif governorate is characterized by a fertile economic base through which the investor can embark on new and distinct horizons in the business world, pointing out that the council has set in its plan to visit officials and specialists to review aspects of cooperation to facilitate the economic process to serve the governorate.
Asharqia Chamber organizes a workshop entitled "Standardization" for manufacturers, importers and users of measuring devices
26/01/2021
Asharqia Chamber organizes a workshop entitled "Standardization" for manufacturers, importers and users of measuring devices
Asharqia Chamber, in cooperation with the Saudi Organization for Standardization, Metrology and Quality, is organizing a workshop entitled "Standardization", which is concerned with explaining the legal calibration services "standardization" for manufacturers, importers and users of measuring devices, on Monday, February 1, 2021.
An Eng.Aws Al-Qurashi (Senior Metrological Engineer) and Eng. Abdulaziz Al-Jaber (Senior Metrological Engineer) will speak in the remote workshop at 7.30 pm. The meeting will also be moderated by Hani Al-Afaliq, The Chairman of the Commercial Committee, where the participants present an explanation of the National Program for Measurement and Calibration Standardization, and the mechanism of standardization services (type approval, initial verification and periodic verification), in addition to violations of the measurement and calibration system.
The workshop targets manufacturers, importers and users of measuring devices, and the Chamber invites specialists and those interested to participate in the meeting and enrich it with targeted interventions and contributions that discuss the workshop themes and contribute to providing solutions to the existing challenges.
The Crown Prince's adoption of the new strategy of the Public Investment Fund to enhance the position of the Saudi economy globally
25/01/2021
The Chairman of the Asharqia Chamber
The Crown Prince's adoption of the new strategy of the Public Investment Fund to enhance the position of the Saudi economy globally
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the approval of His Royal Highness the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, the new strategy of the Public Investment Fund for the next five years, saying: The adopted strategy will have a direct positive impact on The various sectors of the local economy, which constitute 80% of the Fund's future investment targets.
Al-Khalidi emphasized that the strategy's focus on many vital sectors locally, and pumping at least 150 billion annually into the local economy until 2025, rather pushes to raise the percentage of local content, supports the goals of diversifying national income revenues, and enables the private sector and enhances its opportunities and role in the growth process And development, pointing out that the fund, since it was chaired by His Highness the Crown Prince, has been making qualitative steps towards developing its strategic investment capabilities, until it has managed an investment portfolio that can be described as high-level investments that place the fund in the focus of global attention and consolidate its global economic position.
Al-Khalidi pointed to the positive development achieved by the fund during the past years, by maximizing the value of its assets, which reached about 1.5 trillion riyals at the end of last year, compared to 570 billion riyals in 2015, and its contribution to launching and activating many new sectors, building partnerships, localizing advanced technologies and knowledge, and raising it to the rate of The return to shareholders reached 8%, compared to 3% in 2015.
Al-Khalidi said that the approved strategy came to confirm the promising prospects of the Saudi economy and what awaits it during the next five years, and its ability to face challenges and fluctuations and overcome them, as well as the importance that the wise leadership attaches - may God protect it - to improving the quality of life for the citizen, which is the capital of development. He pointed out that the Kingdom is taking serious steps within the paths charted by the 2030 vision of the future; it aims to reformulate the national economy according to the options for diversification, sustainability, and optimal exploitation of the natural and human resources that the Kingdom possesses.
E-commerce is the most prominent sector, and the loyalty and efficiency of human resources are the most important gains
21/01/2021
Asharqia Chamber organized a lecture that reviewed the economic lessons learned after "Corona"
E-commerce is the most prominent sector, and the loyalty and efficiency of human resources are the most important gains
Abdulrahman bin Muhammad Al-Bassam, a member of the committee, spoke during the lecture, which was held remotely, about the most prominent lessons learned, the most important of which was electronic transformation, and how companies whose electronic base was ready to launch in the world of e-commerce and provide products of all kinds online. Al-Bassam said that ideas, initiatives, and all That is related to electronic commerce and others were there before, but the pandemic accelerated the pace of work with it and became a reality.
Al-Bassam explained that the pandemic emerged with several lessons, the most prominent of which is that people are changing and are ready for that, and opportunities are emerging from the womb of crises, and also companies must manage and protect cash, pointing to the biggest gain that companies came out with is the loyalty and efficiency of human resources.
Al-Bassam pointed to the historic decisions announced by the wise leadership, which contributed to supporting the national economy, continuing work, and preserving human cadres and various sectors.
Al-Bassam said that companies - during the pandemic - reviewed their policies and business models, in order to be able to cope with the new economic situation, and also began to control their expenditures in order to maintain their balance and be able to continue without any impact that could cause a problem for them.
For his part, Vice Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Razzaa, explained a number of promising and interesting sectors that emerged after the pandemic, including the education sector, electronic retail, and logistical sectors, in addition to the health sector and its services, home medicine, home sports, the food security sector, the tourism sector, and finally Supply chains.
For this part, Mazen Al-Darrab, who specializes in electronic commerce, said that this vital sector witnessed great growth, and worked to deliver products during the pandemic, in addition to accelerating its automation of services and procedures to keep pace with electronic commerce, explaining that the trend is that the sale of Saudi products and services is not only local or regional. At the level of the Gulf countries and the Arab world, but it extends to more than that, to be global.
Al-Khalidi praises the efforts of the US Consulate in Dhahran
19/01/2021
Al-Khalidi praises the efforts of the US Consulate in Dhahran
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, received on Monday, January 18, 2021, the American Consul General in Dhahran, Mrs. Nicole Manz Bazawi, and her accompanying delegation, where many issues of common interest were reviewed.
Al-Khalidi touched on the new developments taking place in the Kingdom on the economic level, which reveal broad prospects for local and foreign investments, especially the American ones, which are pioneered in many projects.
Al-Khalidi expressed great willingness to cooperate with the US Consulate in Dhahran to serve the institutions of the private sector, praising the efforts made by the consulate in deepening the bonds of cooperation between the American and Saudi peoples, and specifically between institutions and companies in a way that supports the trade exchange movement between the two countries, which is witnessing successive developments.
The meeting was attended by a member of the Chamber’s Board of Directors, Nouf Al-Turki, and the Chamber’s Secretary-General, Abdulrahman Al-Wabel.
Cooperation Agreement between the "Asharqia Chamber" and the "Saudi Anti-Fraud Association"
18/01/2021
Cooperation Agreement between the "Asharqia Chamber" and the "Saudi Anti-Fraud Association"
Asharqia Chamber and the Saudi Anti-Fraud Association concluded a cooperation agreement to coordinate joint work between them to combat fraud, and to educate society about its damages and the negative consequences.
The agreement, which was signed last Sunday (January 17/2021), between the Chairman of the Chamber's Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and the Chairman of the Board of Directors of the Society Muhammad bin Othman Al-Subaie, in the presence of the Secretary-General of the Asharqia Chamber, AbdulRahman Al-Wabel, to coordinate efforts, cooperate and enhance joint work This achieves the benefit and benefit of society and the business sector in the field of awareness of the harms and dangers of fraud and methods of detection and prevention of it, through the establishment of events, training programs, introductory and awareness seminars, as agreed upon by the two parties.
This agreement comes as part of the Asharqia Chamber's efforts to raise awareness of fraud risks and dangers and methods of detection, as it intersects with the vision and mission of the association that adopts helping establishments prevent fraud and support it to qualify specialized cadres trained in the field of fraud detection and detection.
A cooperation agreement to organize the partnership between the "Asharqia Chamber" and Imam Abdulrahman bin Faisal University.
18/01/2021
It was signed on Sunday at the university's headquarters:
A cooperation agreement to organize the partnership between the "Asharqia Chamber" and Imam Abdulrahman bin Faisal University.
Asharqia Chamber and Imam Abdulrahman bin Faisal University in Dammam signed a cooperation agreement yesterday (17 / January / 2021) to organize the prospects of a partnership between the two parties to provide service and support to the business sector in the Eastern Province, which includes the establishment of several joint activities in several areas, including training, seminars, and forums.
The agreement signed by the President of the University, His Excellency Dr. Abdullah bin Muhammad Al-Rubbish, Chairman of the Chamber’s Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, stipulates cooperation between the two parties to support the business and investment sector, support initiatives and organize joint programs and events by providing technical and advisory support and administrative coordination in seminars and special training programs for both The two parties.
For his part, His Excellency the President of Imam Abdulrahman bin Faisal University, Prof. Abdullah Al-Rubbish
That this agreement came to frame cooperation with the Asharqia Chamber for what is in the interest of both parties in a way that enhances joint action through the terms that have been agreed upon. Dr. Al-Rubaish indicated that this agreement and the previous agreements concluded by the university and the various sectors come within a series of joint agreements that support many aspects of Events and specializations for the service of university employees, including members of the faculty, students, and students, which confirms the depth of communication between the university and the external community and the important role it plays in light of the joint and years-long cooperation within the objectives of the agreements that support the terms of the Kingdom's Vision 2030.
While the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the chamber is interested in enhancing the prospects for its partnership and cooperation with various bodies, bodies, and institutions because of its full belief in the importance of cooperation in developing mechanisms and methods of joint work, pointing out that the agreement with Imam Abdulrahman bin Faisal University in Dammam supports the march of the sector. Business, especially by providing consulting, training, and many knowledge opportunities.
The agreement was attended by the Secretary-General of the Asharqia Chamber, Abdul-Rahman bin Abdullah al-Wabel, the Dean of the Institute of Consulting Studies and Services at Imam Abdul-Rahman bin Faisal University, Prof. Dr. Abdul Karim bin Khalaf al-Huwaish, the Assistant Secretary-General of the Chamber for Customer Service, Abd al-Rahman bin Fawzan al-Hamin, and the Director-General of Public Relations and Media at the University.
The agreement concluded at the university's headquarters in Dammam referred to the issue of organizing periodic meetings between the two parties to identify the challenges that business owners face and how to overcome them, and to assist in the marketing process of the university's activities with local and international bodies that deal with the Asharqia Chamber, and vice versa, and to hold more programs. Common such as lectures, workshops, and training courses.
The three-year renewable agreement emphasized cooperation in preparing studies to serve the economy and investment in the eastern region and achieving the scientific issue in this regard.
The "Free Specialized Consulting" program witnesses interaction from entrepreneurs
13/01/2021
The "Free Specialized Consulting" program witnesses interaction from entrepreneurs
The free consultations program specialized in the marketing aspects of small and medium enterprises, which was organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center on Wednesday, January 13, 2021, witnessed a remarkable interaction of entrepreneurs who communicated remotely with several marketing specialists, as the program was devoted to providing free consultations in marketing And who benefit from it for entrepreneurs or those who are thinking of establishing their new project.
The specialists received business leaders wishing to benefit from the program through visual communication and provided them with several advice, guidance, and proposals for appropriate solutions to the challenges and difficulties that face the owners of these facilities in marketing.
This program is aimed at all those wishing to start their own projects and owners of small and medium enterprises. The Chamber's staff participating in this program provides a package of practical advice aimed at developing their business and projects, as part of the Asharqia Chamber’s efforts to take care of this vital sector.
AlSaloum: Technical and vocational training aims to increase strategic partnerships with the private sector
13/01/2021
During Tuesday's meeting in the Asharqia Chamber
AlSaloum: Technical and vocational training aims to increase strategic partnerships with the private sector
The Director-General of Technical and Vocational Training in the Eastern Province, Muhammad bin Sulaiman Al-Salloum, reviewed during a Tuesday meeting, which was held remotely on Tuesday, January 13, 2021, the ongoing projects and training facilities provided by the Technical and Vocational Training Corporation in the Eastern Province, as well as partnerships institutes and private training facilities in the region.
Al-Salloum said that the projects that the Technical and Vocational Training Corporation is working to implement in the eastern region aim to increase the volume of strategic partnerships with the private sector and increase the number of male and female trainees in the region, pointing out that the number of training facilities in the Eastern Region is about (15) training units with the number of trainees and trainees (about) 22773), and the number of graduates until the year 2020 AD is about (4419), and that (11280) has been accepted in 2020 AD, and it covers each of Dammam, Hafar Al-Batin, Al-Ahsa, Qatif, Jubail, and Khobar.
On the other hand, he stated that the number of private training facilities in the Eastern Province is 192, between private centers and institutes, which have set up a lot of training programs during 2020 AD, including developmental and rehabilitation courses and diplomas, of which about 520 thousand beneficiaries have benefited. Al-Salloum also indicated that the Foundation's ongoing projects are being deployed in most governorates of the region and include replacing buildings for technical colleges, establishing new technical colleges, completing the construction of the College of Tourism and Hotel and the Institute of Architecture and Construction in Al-Ahsa, in addition to constructing modern buildings for some secondary industrial institutes in the region.
Al-Salloum concluded by saying that in addition to the training facilities spread in the Eastern Province, there are (10) strategic partnerships such as the National Institute for Industrial Training, the Saudi Arabian Drilling Academy, the National Academy for Information Technology, the National Training Center for Facilities and Hospitality Management, the Pioneering National Academy, the Saudi Technical Institute for Petroleum Services and the National Institute for Technology Inspection and quality assurance, the National Maritime and National Energy Academy and the National Construction Training Center.
Al-Shammari: Customs has presented initiatives aimed at developing and improving performance in the customs sector
13/01/2021
The Director-General of Jubail Customs during a meeting Tuesday in the Asharqia Chamber
Al-Shammari: Customs has presented initiatives aimed at developing and improving performance in the customs sector
Asharqia Chamber, represented by the Business Council in its branch in Jubail Governorate, organized a monthly Tuesday meeting for the business sector, which hosted the Director-General of Jubail Customs, Faisal bin Abdullah Al-Shammari, on Tuesday evening January 12, 2021, via the zoom platform.
During the meeting, moderated by President of the Business Council Mubarak bin Abdullah Al-Mishal, Al-Shammari reviewed several initiatives and facilities that support the business sector in Jubail, referring to the positive partnership with the business sector, which always aims to develop the working mechanism and improve performance in the customs and logistical sector.
Al-Shammari said that, according to the Kingdom's Vision 2030, Customs has presented many initiatives aimed at supporting the logistical sector, the most prominent of which is: the Fasah initiative within 24 hours, in which the required and reliable data are submitted and archived through the Fasah platform, and received by customers of the electronic Fasah services Where it is dealt with quickly to become in the warehouses of businessmen as soon as possible.
Al-Shammari talked about the initiative to reduce documents for exports and imports, which reduced from about 12 documents to only two documents, namely the invoice and the policy, which contributed to facilitating the process of clearing goods and their access to warehouses in the business sector easily and easily, in addition to these initiatives, Customs adopted the project automating procedures The customs and disposal of paper transactions are done through the Fasah platform, where the data is archived by importers through customs brokers who archive the data automatically, and then it is received in a short time, after which the process of checking it properly begins, and all transactions and procedures related to clearance are finished.
Al-Shammari went on to say: that customs, and among the facilities, allowed the advance submission of data so that documents (invoice and policy) are delivered by importers and customers to customs brokers 72 hours before the ship's arrival, and this initiative is of great importance in the process of facilitating and facilitating the flow of consignments and ensuring their arrival to warehouses Customers faster, and also to spare the customer from paying floor fees in the port, in addition to the initiative to reduce the duration of the container’s stay in the port, which was up to 12 days, and the consequent responsibility of the customer for floor fees, which was reduced to 24 hours.
Al-Shammari indicated that customs will continue to provide initiatives and facilities to the business sector, where everyone can provide services with high standards to the final beneficiary.
The Chairman of the Asharqia Chamber: The Crown Prince is stepping confidently in the Kingdom to prospects
11/01/2021
The Chairman of the Asharqia Chamber: The Crown Prince is stepping confidently in the Kingdom to prospects
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Crown Prince, His Royal Highness Prince Mohammed bin Salman is stepping forward in the Kingdom to prospects, stressing that his announcement, on Sunday, January 10, 2021, the launch of the global "The Line" project, but expressed on the extent of his belief and his full and comprehensive knowledge of the idea, and his firm convictions that the human being first is the goal of the development process, congratulating the wise leadership and all the Saudi people for launching the million-plus city "The Line" project.
Al-Khalidi pointed out that the "The Line" project, which launches the Kingdom into the world, is a gigantic project that represents a civilized revolution in the concept of sustainable cities that preserve nature, by presenting a new and advanced concept about the engineering of urban societies throughout the world, pointing out that the project that comes along 170 kilometers, a quantum leap in relying on knowledge economies, and an expression of the main pillars of Vision 2030; Where promoting and activating the transition to the non-traditional economy and relying on intellectual capital to achieve the maximum possible benefit from scientific discoveries and basic and applied economic research.
Al-Khalidi stressed that the city of The Line is pouring into the realization of the vision’s aspirations and goals towards economic diversification by providing about 380,000 job opportunities and adding about $ 48 billion to the GDP by 2030, in addition to providing many investment opportunities for national investors, pointing out. To national investors, they took advantage of the investment opportunities to build a residential area for construction workers that were proposed through the "NEOM" project, which is estimated to accommodate about 30 thousand workers.
Asharqia Chamber organizes a lecture reviewing the post-Corona pandemic and the economic lessons learned
11/01/2021
Asharqia Chamber organizes a lecture reviewing the post-Corona pandemic and the economic lessons learned
Asharqia Chamber represented by the Commercial Committee organizes a lecture reviewing the aftermath of the Corona pandemic and the lessons learned in the economic aspect in this regard.
The lecture, which will be held remotely on Wednesday, January 20, 2021, at 7.30 pm, and presented by a member of the committee, Abdulrahman Al-Bassam, will discuss several important topics that the economic sector faced during the pandemic, the most prominent benefits gained from the pandemic, and what the wise leadership decisions have brought about in terms of support for all sectors, most notably the economic.
The lecture also discusses the possibility of transforming the new economy and introducing technology into all aspects and details of commercial work, the most important of which is electronic transformation and keeping up with everything new in the world of technology to serve the business in the coming years.
Asharqia Chamber holds a workshop discussing the insurance policy on leased vehicles
11/01/2021
Asharqia Chamber holds a workshop discussing the insurance policy on leased vehicles
Asharqia Chamber, represented by the Financial Committee, is organizing a workshop that discusses the issue of insurance policy on leased vehicles.
The workshop, which will be held remotely on Tuesday, January 26, 2021, at 7.30 pm, in which Insurance House CEO Naji bin Abdullah Al-Tamimi will speak about the importance of the document in preserving the rights of both parties and reducing the challenges and obstacles that may face owners.
The topic also discusses the most prominent questions and inquiries regarding the topic of the document, its details, and information, in addition to the most important advantages that owners receive.
Tuesday meeting: more than 20 tourism projects under study in the eastern region
06/01/2021
It was organized by the Asharqia Chamber represented by the Women Empowerment Center
Tuesday meeting: more than 20 tourism projects understudy in the eastern region
Destination Relations Adviser at the Ministry of Tourism, Nada bint Saad Al-Tamimi, called on the women's business sector in the Eastern Region to enter the world of investment in the tourism sector, noting that it is a promising sector, especially the prosperity the Kingdom is witnessing in this sector in the implementation of the goals of the Kingdom's Vision 2030.
Al-Tamimi said during the "monthly Tuesday meeting" for businesswomen organized by the Asharqia Chamber represented by the Women's Empowerment Center on the evening of Tuesday, January 5, 2020, that the tourism system worked to activate the relationship and achieve harmonization with the eastern region as it is one of the priority tourist destinations for the year 2022, pointing out that the number of sites Tourism in the region has reached 18 sites, and the number of tourism projects has reached 24, confirming that more than 20 tourism projects in the region are currently being studied by the Tourism Development Fund.
During the meeting, which reviewed the role of the Ministry of Tourism in promoting domestic tourism and investment opportunities, Al-Tamimi explained that several means have been taken to support investment in this vital sector, as it was signed with several commercial banks to facilitate financial solutions for investors in the tourism sector and provide easy financing programs.
Al-Tamimi indicated that the 2030 road map for tourism is based on two main phases, the first continues until 2022 before the launch of the mega projects and comes under the title of Discover Saudi Arabia, and the second phase starts from 2022 AD to 2030 AD and bears the title Live of the Saudi Experience, noting that the tourist sites are divided into 24 sites Prominent, 38 sites with great potential and 500 complementary sites, these are additional sites of tourist interest and complete the tourism experience after visiting the prominent sites and sites of great potential.
Al-Tamimi said that by 2030, the ministry aims to contribute 10% to the GDP, reaching about 100 million visitors, provide about 1.6 million job opportunities, support the local private sector, and attract foreign direct investment, noting that the national tourism strategy will Promote the tourism industry in its various vocabulary and develop it as a basic tributary of the national economy and a future source that enhances revenues.
A banking expert warns against introducing "social engineering" to banking fraud and money laundering
31/12/2020
During a meeting organized by the Asharqia Chamber
A banking expert warns against introducing "social engineering" to banking fraud and money laundering
A banking expert has warned of a renewed state of banking fraud, especially those that rely on social engineering, to access information and funds, stressing that bank fraud is a step to a bigger problem, which is money laundering, which is primarily a process resulting from fraud, and that a central effort is supervising it. The central bank to face this trend.
During a direct meeting organized by the Asharqia Chamber in cooperation with the Banking Information and Awareness Committee in Saudi banks on Thursday (31 / December / 2020), the Deputy Department of Fraud Governorate at the Arab National Bank, Falah Al-Absi, explained that fraud is a practice that involves the use of deception to gain financial gain or access to certain information, or to facilitate the process To win for a specific party, and its result is lost for another party, this process is usually done according to three factors called the example of fraud (need, opportunity, and justification).
As for the "need", Al-Absi says that many people are heading towards fraud under the pressure of financial need or the desire to preserve social status, or the desire to achieve quick financial profit, so the method is a fraud, especially in light of the accumulation of material needs. Whereas the second factor, which is the "opportunity", is that any fraud is carried out according to the opportunities available to the person willing to fraud, which is embodied in the ignorance of the victims or their excessive confidence, or the exploitation of opportunities such as the opportunity of the Corona pandemic, so some services and goods are promoted. And the third factor (justification) remains supportive For the fraud as if this fraudster says that I have tired of life, or that I am not the only one who does this act and similar excuses.
He pointed out that there are many means for fraud, and it cannot be limited, but bribery, forgery, and providing false information are included in the list of fraud, except that the development that is taking place is social engineering in which a person's trust is exploited and the promotion of certain prizes or fake investments or jobs, through which the victim is lured to present Sums of money start small and multiply.
From here, and based on all these data, Al-Absi believes the need for caution and accuracy in dealing with any contact that was, especially since the high awareness process among citizens we have noticed in recent years the development of fraudulent means, such as exploiting anyone’s need and relying on him to open several accounts Several banks are being exploited in fraud operations .. Calling on every dealer with banks to contact the official numbers and make sure of any suspicious process, through which fake profits are promoted.
He pointed out that combating fraud and money laundering is carried out at present through central committees supervised by the Saudi Central Bank, as accounts that are outside the framework or are in doubt are monitored.
It is noteworthy that the workshop was moderated by the head of the Banking Awareness Committee in Saudi banks, Talaat Hafez, who confirmed that bank fraud despite its presence in the local market, but remains limited, and did not reach the extent of the phenomenon, due to the great efforts made by the concerned authorities, both in the banks themselves, Or at the Central Bank of Saudi Arabia (SAMA), or by other concerned authorities.
Asharqia Chamber organizes a meeting to review "Hadaf" programs and initiatives for health sector establishments
31/12/2020
Asharqia Chamber organizes a meeting to review "Hadaf" programs and initiatives for health sector establishments
The Director of the Human Resources Development Fund Branch "Hadaf" in the Eastern Province Abdulaziz bin Abdulrahman Al-Youssef emphasized the interaction of the business sector in the Eastern Region with the Fund's initiatives and its keenness to follow up its programs and achieve full benefit from them in a way that benefits all parties and contributes to raising the rates of Emiratisation in the labor market.
Al-Youssef reviewed, during a meeting organized by the Asharqia Chamber represented by the Health Committee on Wednesday 30 December 2020, entitled "Hadaf" programs and initiatives for health sector facilities, and managed by the Committee's Chairman Saud bin Muhammad Al-Thumairi, services and programs and the fund directed to the health sector and said that the fund is based on a vision that emphasizes: "Resources a national human, initiative and productive, ”and a message that states:“ The development and development of national human resources through effective, high-impact initiatives that are provided in partnership with the main stakeholders of the labor market system. ”Therefore, the Fund’s activities are conducted according to a value system that is:“ Focus on results, excellence, transparency, Team spirit, speed of achievement, with a focus on the target customer.
Al-Youssef explained that the fund's services and activities take place through 22 branches throughout the Kingdom, 49 rehabilitation centers, 7 of which work remotely, and 7 employment offices, 6 of which work in universities, all of which attract national cadres to vacate job opportunities in the labor market and hold employment meetings. And so on.
Al-Youssef talked about the fund’s initiatives, including The National Labor Portal (Taqat), indicating that it is a comprehensive electronic platform for the labor market that brings together job seekers and business owners, and provides an opportunity to provide and exchange employment and training services efficiently and effectively to increase the stability and development of the workforce in the local labor market and contribute to presenting opportunities Fairly functional for everyone.
He also referred to the National Observatory's initiative that aims to contribute to supporting decision-making and developing programs through accurate data, indicators, reports, and studies that reflect the reality of the labor market in the Kingdom, explaining that the observatory is implementing its activities through the fund's partnership with several government agencies.
Al-Youssef said that the fund offers several various programs to support employment and training, to support researchers and job seekers in the private sector, most notably the fund bearing a percentage of the employee's wages through the employment support program.
Academic: Emphasizing the pivotal role of commercial paper in debt fulfillment
31/12/2020
In a lecture organized by the Asharqia Chamber
Academic: Emphasizing the pivotal role of commercial paper in debt fulfillment
Asharqia Chamber emphasized the importance of the role played by the protest offices in the local chambers of commerce and industry, in promoting the great economic role of commercial papers, achieving the desired justice in fulfilling debts, and preventing any disputes and disputes between the parties to the commercial process.
This came in a lecture entitled (Commercial papers and the role of protest offices in the chambers of commerce), through direct contact, presented by the Director of the Legal Department of the Asharqia Chamber, Dr. Amer Al-Qahtani, on Tuesday evening December 29/20202, during which he talked about several axes related to this topic, the first of which came under the title (Definition of commercial papers and their characteristics), and he said about them that they are formal instruments that are subject to the obligation to pay a certain amount of money on a specific date or upon perusal, and have characteristics that can be summarized by three main characteristics: their specific form according to the system and their place is always money and their ability to trade by endorsement and handling.
As for the second axis, Al-Qahtani touched on (the economic functions of commercial paper), which he defined as a tool to fulfill debts instead of cash, and this is represented in the check, and a tool for fulfillment and credit represented in the bill and bond for an order, since the latter is usually issued on a specific date and matures at a later date. The check cannot be used as a credit instrument because, according to Article (120) of the Commercial Paper System, it is payable as soon as it is seen.
The third axis is represented in (the types of commercial papers organized in the Kingdom), which are the bill, the promissory note, and the check. And the fourth axis dealt with the types of commercial papers in detail and defined the mandatory formal data for each commercial paper and the legal penalty for failing to one of the mandatory data.
In the fifth axis, Dr. Al-Qahtani (the authority that has jurisdiction in disputes related to commercial papers) explained that the execution judge in the exchange case is the competent authority considering that the commercial papers are executive bonds, and he also mentioned that the general right lawsuit in the check has become the jurisdiction of the criminal courts as of the date of 1 / 6/1439 AH. He also added that the enforcement judge does not have jurisdiction over substantive disputes related to the origin of the right due to which the commercial paper arose, and that the jurisdiction in these disputes rests with the subject judge, who may be the judge of the commercial court or the judge of the general court or other courts according to the commercial or civil nature of the relationship in which the commercial paper arose.
Dr. Al-Qahtani concluded his lecture by reviewing the role of the protest offices in the chambers of commerce in mediating between the parties to the commercial paper to solve it amicably in a way that achieves the common interest, and the effect of this on reducing the burden on the competent judicial authorities and avoiding the parties to the commercial paper from entering into judicial procedures.
A Specialist: Entrepreneurs provide innovative solutions to existing problems in an uncommon way
28/12/2020
During a meeting organized by the Asharqia Chamber entitled "Entrepreneurship"
A Specialist: Entrepreneurs provide innovative solutions to existing problems in an uncommon way
A specialist in entrepreneurship affairs expressed optimism for the future of entrepreneurial projects in the Saudi domestic market, based on the data of the years 2018, 2019, and 2020, during which there was a revolution in the number of projects, especially in the period of the Corona pandemic, accompanied by a high level of awareness and understanding of them by society, which promises to happen A quantum leap in this regard, with investments estimated at billions of riyals.
And during a meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Center through direct transmission technology Monday 28 / December / 2020, entrepreneur Saleh Ba'arma said that the term entrepreneur is different from the term businessman, as entrepreneurship is to provide an innovative solution to a specific problem that exists and is not old. Treating it unusually, and this is what the local market has witnessed in recent years. Many employees in the pioneering projects have become pioneers and have established their projects according to other foundations and different solutions, and some of these projects have become a competition that has gone beyond their geographical boundaries.
He added that the entrepreneurial idea is that even if it is studied in detail, certain points have not been covered, and therefore the risk of it is high, as it is an idea that has not been tried before, and thus differs from traditional ideas that are the product of many experiments, and it can be studied and the error rate is reduced or risk it.
Hence, the task of the entrepreneur - according to the lecturer - is to discover new and bold ideas and innovative and unexpected solutions and to have more flexibility to monitor errors, address deficiencies, and exploit opportunities, and this requires the availability of several skills, which can be acquired by experiences and practice, or maybe available if he is a pioneer Business ready and originally educated.
Ba'arma believes that the most needed skills are: First, the ability to deal with numbers, read and analyzed, and then assess the situation through it, and see if the project is successful financially, or on the way to the loss. The second skill is creative thinking in solving problems with the best results and least losses, and the combination of the two skills (analysis of numbers and the ability to solve) makes the entrepreneur immune to many problems, especially as they occur daily, and require the ability to analyze the situation and develop the best solutions.
Another skill required for an entrepreneur is the ability to organize time and coordinate tasks, which gives more productivity and wider progress and thus reduces problems, and this is done according to the assessment of priorities at work (the most important thing).
In this regard, he overwhelmingly emphasizes the issue of knowledge, experience, and similar experiences, and the desires of clients and customers, as well as knowledge of the mechanisms that are dealt with in projects.
He concluded by saying that entrepreneurial thinking deals with a deep view of the data and has a deep study of it, so they present ideas that cause a kind of surprise to the customers, but after the passage of time conviction occurs, especially if the owner of the idea believes in his idea and follows the various details of its implementation.
Meeting women entrepreneurs: Emphasizing the importance of caring for and developing productive families
28/12/2020
Meeting women entrepreneurs: Emphasizing the importance of caring for and developing productive families
On Sunday evening (27 / December / 2020), Asharqia Chamber, represented by the Businesswomen’s Center, held a meeting for "businesswomen", which was hosted during the Center for Building Productive Families (Jana) one of the Al Rajhi Foundation endowments.
During the meeting, the services provided by the Businesswomen Center for female entrepreneurs were presented, the most prominent of which was the provision of advice, advice, and proposals to develop pioneers at the technical, marketing, and administrative levels, and to achieve a mechanism for communicating with financial support agencies to overcome the financial obstacle for female leaders.
Miss. Judd Jabali (Director of the Jana Center in the Eastern Region) presented an overview of the center and stated that it is a socio-economic project targeting women, pioneers, or those wishing to develop their projects through 19 branches in various regions of the Kingdom, which supported a number of specific projects in which millions of riyals were provided.
Jabali confirmed that the center has been appreciated by many international, local, and regional institutions and has won many awards for the achievements it has made in developing the tenders of productive families.
She indicated that the support provided by the center does not depend on financial support, but includes follow-up and supervision, providing advisory services and training, and everything that guarantees the success of the projects that revolve around the orbit of trade, handicrafts, crafts, and various services.
Asharqia Chamber renews the validity of ISO certificates at the level of its departments, branches and service centers
28/12/2020
Successfully renewed four quality standards
Asharqia Chamber renews the validity of ISO certificates at the level of its departments, branches, and service centers
Asharqia Chamber succeeded in renewing the validity of all the quality system certificates approved by it, after fulfilling all the requirements related to updating its administrative and organizational systems and the system of services provided to its subscribers and beneficiaries, and it obtained the authority to renew the accreditation of Certificate of customer complaints ISO 2018: 10002 Guide Lines for Complaints Handling in Organizations, Quality Management System Certification, ISO 9001: 2015 Quality Management System, Information Security Management System Certification, ISO 27001: 2013 Security Management System Information, and Business Continuity Certificate ISO 2012: 22301 Business Continuity.
Asharqia Chamber was the first chamber of commerce in the Kingdom and the Middle East to obtain in 2009 the validity of the certification of quality systems and information security, and in 2011, in addition to its renewal of these two certificates, it obtained the validity of both the business continuity and customer complaints certificates
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that obtaining the Chamber’s renewal of the validity of the ISO certificates, especially in light of the precautionary measures imposed by the Corona pandemic, confirms the solidity and durability of the room and its precedence in obtaining the quality standards that enabled it to practice its work despite the pandemic, In addition to the efficiency of its human cadres in positively dealing with challenges and their eagerness to achieve successes, whatever the circumstances, congratulating all members of the Board of Directors, the General Secretariat and the participants on the occasion of the Chamber obtaining the approval of these four certificates and granting them the power to renew them again.
Al-Khalidi affirmed that achieving continuity in renewing the accreditation of ISO certificates supports the Chamber's ambitious goals to reach the ranks of international chambers, pointing out that the Chamber is striving towards implementing quality systems and updating its internal systems and service system to keep pace with the latest global developments, and that what qualified it to obtain these certificates and grant them validity Renewed successively, is its constant desire to work diligently and continuously to make these systems a tangible reality that all their customers feel.
Al-Khalidi indicated that the Chamber has implemented all the requirements to ensure the continued validity of these certificates at the level of all its departments, branches and service centers, in terms of providing all the necessary needs and training human cadres, and that these results are a catalyst for more successes in the Chamber’s march to future horizons.
Al-Shammari: Arbitration begins with the formation of a committee according to the authority of the will by the litigants
24/12/2020
During a workshop in the Asharqia Chamber
Al-Shammari: Arbitration begins with the formation of a committee according to the authority of the will by the litigants
Legal Counsel Faris bin Muhammad Al-Shammari emphasized the importance of "independence and impartiality" with the arbitration panel chosen by the litigants, to ensure the integrity of the arbitration process, and to achieve its positive effects in resolving disputes. This came during the workshop titled (The Right Way to Form the Arbitration Board), which comes within a series The meetings and workshops held by the Committee of Lawyers and Legal Advisors in the Asharqia Chamber, during which he reviewed many important points related to the issue of arbitration as a procedure resorted to by litigants outside the judicial system, to speed up and ease the courts.
Al-Shammari said during the workshop, which was transmitted by visual communication on Wednesday, December 24, 2020, that arbitration in the Kingdom was not late, but that our relationship with this issue began 90 years ago, specifically since 1931, when it appeared in five articles in the commercial court system, and it was present in cases Labor, and then the Chambers of Commerce system, and the matter has evolved with the development of daily life, specifically the commercial cases, in which arbitration comes as a successful and faster solution than referring cases to the courts .. Pointing out that in some cases the judiciary rules to form an arbitration panel in commercial litigation.
He added that the arbitration process begins with formation, that is, the formation of the arbitration committee that is carried out according to the authority of the will by the litigants, so they have the right to choose arbitrators or to assign this right to another specialized body that chooses this body, which consists of one person, and if it is not agreed upon Three arbitrators are appointed, and the arbitration agreement must be in writing, and if the litigants do not agree on the formation of the commission, then the court has the right to appoint the panel .. Pointing out that some systems in the world allow the opponent to appoint an arbitrator on his own behalf, and for his opponent, if it takes the prescribed time to appoint The arbitrator is 30 days, and in the Kingdom, it is 15 days. This method is feasible, but the best is the arbitration fine, meaning that if the opponent is late in appointing the arbitrator, a fine will be imposed on him.
Al-Shammari reviewed many points related to the arbitration contract, to emphasize the issue of impartiality and independence of the arbitrator, to ensure the integrity of arbitration.
It is noteworthy that the workshop's dialogues were moderated by the Vice-Chairman of the Lawyers and Legal Advisers Committee, Attorney Bandar Bin Shamal.
Naghi: Entrepreneurs should make sure to pursue education and be flexible
24/12/2020
During the "My Experience" program in the Asharqia Chamber
Naghi: Entrepreneurs should make sure to pursue education and be flexible
Businessman Muhammad bin Yusuf Naghi, The Chairman of the Board of Directors of the Jeddah Chamber, The Chairman of the Board of Directors of Muhammad Yusuf Naghi and Brothers Group, stressed the need for entrepreneurs to learn, present new ideas, and enjoy the flexibility to sustain their business.
Naghi said during a meeting within the "My Experience" program organized by the Asharqia Chamber represented by the Young Businessmen Council on the evening of Wednesday, December 23, 2020, that the state, is working to support the national economy with many initiatives and decisions, which are positively reflected on the performance of different sectors, and this matter should benefit Including entrepreneurs, in proportion to the volume of their business, pointing out that the state presented many lessons learned during the Corona pandemic to businessmen and women, as its decisions were characterized by the correct timing and speed required, and this ultimately led to supporting the national economy in order to continue work and keep pace with Everything that happens again in the world, and with the grace of God Almighty and then the wisdom of the wise leadership, we have reached safety and distinguished us by our performance from the world.
Regarding his beginnings, Naghi explained during the meeting moderated by Uthman bin Adeeb Abu Hussein, that his passion for work was inherited from his family, which was working in limited sectors, most notably gold, stressing that working with the founding generation is an advantage because it transmits to the new generation different experiences, including continuing education and respects Others and eagerness to work, which instilled in it the love of work and the aspiration for new always so that the family's work includes different and varied activities.
Nagi pointed out during the meeting that many frustrating voices are present and everywhere, but the entrepreneur should not pay attention to them and make sure to hear the positive voices that provide him with the energy he needs to face the market, recalling his competition to conclude a partnership contract with one of the world-famous companies in the luxuries automotive industry. where he said that he was still young and also young for this type of business, but he competed strongly with the passion that attracted company officials to him despite the presence of well-known names at that time, stressing that entrepreneurial ideas and initiatives are required for the continuation of the business, especially in family companies, where The new generation always puts forward modern initiatives that ultimately contribute to the continuation of the family business, and the founding generation must deal with these ideas, develop them and subject them to testing because when they ignore them, they will lose the advantage of keeping up with the new in the market.
On the development of the business of chambers of commerce in the Kingdom, Naghi said that the state, is changing to keep pace with the modern world, and we, as officials in the chambers, must keep pace with this change in order to be able to meet the aspirations of the business sector, and that is why the chambers now find themselves renewing and leaving the old school.
The Saber platform is an important step for consumer goods safety and quality maintenance
23/12/2020
During a meeting organized by the Asharqia Chamber
The Saber platform is an important step for consumer goods safety and quality maintenance
The Director-General of the General Department of Product Safety at the Saudi Organization for Standardization, Metrology, and Quality (Saber), Abdul Malik bin Abdulaziz Al-Tuwaijri, confirmed that the launch of the Saber platform is to support quality options for the merchant and the consumer, alike.
He said that the Saber platform is an integrated electronic service that allows merchants of consumer goods to register their facilities in the system and their consumer product data, whether imported or locally manufactured, in order to obtain the required certificates of conformity and certificates of conformity of consignments through the platform for products in the Saudi market.
He added during the workshop organized by the Asharqia Chamber and was transferred directly on Tuesday 22 / December / 2020 that the goals of the platform are to enhance the safety of products and raise the percentage of the conformity index to 80% during the current year 2020, improve the cross-border trade index, reduce the time for customs clearance, and improve the import experience and access the required certificates of conformity, and consumer protection from non-conforming products.
He said that the situation before the launch of this platform witnessed the entry into some markets of some non-conforming consumer products, the emergence of a black market for conformity certificates, and the absence of information to help track products. From here, the platform guarantees the safety of products, speeding up the process of clearance at customs ports and facilitating the process of Monitoring products in the market, and linking them with the person responsible for them (producer or importer) are two actions that the customs clearance of the institutions registered on the platform does not exceed 24 hours for the merchant to receive his goods.
He noted that improvements are constantly taking place on the platform's system to meet the needs of the beneficiaries.
Asharqia Chamber holds a meeting about solid waste and its conversion from waste to treasure
22/12/2020
Asharqia Chamber holds a meeting about solid waste and its conversion from waste to treasure
Asharqia Chamber, represented by the Environment Committee, and in cooperation with Imam Abdulrahman Bin Faisal University, held a lecture on Monday, December 21, 2020, on solid waste and the advantages of its recycling, titled (Solid waste from waste to treasure), in which the Associate Professor of Solid Waste Management spoke And the head of the Environmental Engineering Department at Imam Abdulrahman bin Faisal University, Dr. Nawwaf bin Asim Balisi, and it was presented by the Chairman of the Environment Committee in the Asharqia Chamber, Professor Talal bin Sultan Al-Rasheed.
Balisi said that solid waste, although it is considered one of the environmental problems, especially as it contributes to polluting the environmental elements of soil, water, and air, and includes a wide range of wastes that differ in quantitative and qualitative terms from one country to another according to the population density, economic situation and standard of living. Treating it is a great wealth that all countries tend to recycle and provide the best treatments to be re-exploited.
Balisi explained that the waste recycling sector represents a very good investment, as it is one of the sectors rich in investment opportunities and encouragement to go into work in it, and that there is a general trend currently to increase waste recycling projects, noting that the Kingdom produces about 13 million tons of municipal waste that is collected from sources no industrial-like homes, and that recycling it has many benefits, whether environmental, economic or social, stressing that solid waste is actually like a treasure if you work to recycle it according to sustainability principles.
Balisi emphasized that the work on converting waste into a treasure is governed by many considerations related to the environmental, economic, and social value that are the main pillars of sustainability. He pointed out that the 2030 vision gave the recycling of waste great importance, so the Saudi Investment Company for Recycling was established within its framework. It is one of the companies wholly owned by the Public Investment Fund, as part of a strong strategy to improve the standards of recycling and development to properly manage waste, to reduce its quantities, recycling, and reuse, and providing technical solutions to treat and dispose of them, by employing modern technologies to deal with them, which makes the future of this sector promising In front of that government awareness of the need for solutions for recycling and thus many investment opportunities, as well as employment in front of the national workforce.
Asharqia Chamber launches a new strategy to develop and enhance its performance and develop its resources
22/12/2020
keeping pace with strategic shifts locally and internationally
Asharqia Chamber launches a new strategy to develop and enhance its performance and develop its resources
Asharqia Chamber is witnessing a new start towards further development, enhancing performance and improving resources, in line with local and global strategic shifts, by launching a new project embodied in: (a comprehensive strategic plan, an integrated vision, and a message that meets contemporary needs, and values that keep pace with future aspirations with a global spirit).
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the new Chamber’s strategy was prepared in cooperation with one of the consulting firms specialized in this field. It is a project to develop and enhance the Chamber’s performance and improve its resources. It was recently approved by the Board of Directors. Economic transformations at the local and international levels, and to continue as an example to be followed in positive dealing with the general policies of the Kingdom, and that the most prominent characteristic of the new strategy is flexibility, openness, and assimilation while continuing to achieve the highest levels of quality and excellence by harmonizing modern administrative and organizational systems.
Al-Khalidi pointed out that the new project is launched through innovative strategic axes, which are represented by a vision that takes care of the business sector, pioneering sustainable development, distinguished by its performance and services, and stems from a message that is: supporting and developing the economic and development work of the business sector, and acting as a platform to enhance communication opportunities with various parties. And bodies internally and externally.
Al-Khalidi explained that the new vision and mission falls under a set of principles and foundations, in order to achieve the aspirations of its subscribers in light of the values and principles of society, which the Chamber believes and considers as a guide and guide in achieving its new vision and mission, and it came (between credibility, distinction and influence, and between creativity and responsibility).
For this part, the Chamber’s Vice Chairman and Head of the Work Team emanating from the Board of Directors Badr bin Sulaiman Al-Ruzza’a affirmed that the new strategy stems from the foundations of close collaborative work with various economic entities, which makes it a strategy that places the Chamber among the fastest-growing chambers, pointing out that the Chamber It has supported the aspirations and goals of the Kingdom's 2030 vision since its inception with many initiatives and programs, and has contributed to providing an improved and stimulating economic environment for business, and has shaped the awareness of the owners of enterprises of all kinds about the vision and its goals in the various governorates of the region.
Al-Rizeza stressed that success is linked in large part to change and that the Chamber, with this new strategy, announces its continuation in achieving its endeavors to transform into a high-performance and effective room in the national economic system, according to additional innovative strategic axes that are in line with the needs and requirements of the future, and are based on enhancing revenues and improving operational costs.
For this part, the Chamber’s Secretary-General, Abdul-Rahman bin Abdullah Al-Wabel, said that the Chamber’s strategy constitutes a major axis for building a network of interactive and sustainable channels between all parties, and comes as a catalyst for thinking in line with developments, and ensures greater chances of success as it places institutions of their types and future prospects Within more specific frameworks, indicating that the chamber has paid special attention to strategic planning, and has become a model to be emulated in establishing a clear-cut approach that follows its path, defines its future prospects, and has the tools to access them.
For this part, Director of the Asharqia Chamber Strategy Project, Khaled Al-Otaibi, explained that the main purpose of the new transformation project is to improve the quality of services provided by the chamber and develop its resources through new strategic directions that keep pace with developments in the global and internal economic conditions that are witnessing an active movement, and explained that the new strategy of the Chamber is It starts from four axes, which are empowering partnership and strategic influence in the economic decision, enhancing competitiveness in the business environment, maximizing the economic and societal status of the region, and developing the institutional excellence of the Asharqia Chamber.
Eastern Province Municipality: updating the list of health conditions for workers' housing within the urban area
17/12/2020
During a workshop organized by the Asharqia Chamber
Eastern Province Municipality: updating the list of health conditions for workers' housing within the urban area
Asharqia Chamber, represented by the Real Estate and Urban Development Committee, in cooperation with the Eastern Province Municipality, held a workshop entitled "Partnership in Improving the Housing Environment for Workers and Individuals", through video calling on Wednesday evening 16 December 2020.
An Engineer Mazen bin Adel Bakhraji, Under-Secretary of the Assistant Secretary for Reconstruction and Projects in the Eastern Region Municipality, said during the workshop moderated by Eng. Hamed bin Hamri, Chairman of the Committee, that employment and individuals constitute a large proportion of the number of expatriates in the Kingdom, and that category is distributed among all economic activities, whether industrial and crafts enterprises of various sizes Or commercial establishments or the construction and contracting sector or agricultural and other economic activities, and in general a large proportion of this category resides in residential neighborhoods near work areas, especially workers in commercial establishments and most of the construction and contracting sector institutions that work for the benefit of the public sector or the private sector, These dwellings are characterized by squatter housing and poor living conditions in general.
Speaking about the increase in cases of Coronavirus Infection in the Kingdom in the past period in workers 'housing and its spread to the rest of the regions, Kharji said that it has become necessary to work on urgent solutions to improve the current conditions of workers' housing and to take all measures and procedures that help limit the spread of that virus, as it was It is necessary to work on developing medium and long-term solutions and legislations that contribute to organizing workers' housing and limiting its negative effects on society in general.
For this part, Dr. Abdul-Rahman bin Saleh Al-Shuhail, Director General of Environmental Health at the Secretariat, said that the negative aspects and effects of workers 'and bachelors' housing were poor living and health conditions for workers in these dwellings, overcrowding and high rates of crowding of workers within a single dwelling, and the lack of some of these housing to the minimum health and safety requirements and some Significantly dilapidated, especially with the spread of these dwellings in the old neighborhoods and central areas, in addition to the negative impact on the social fabric in some areas as a result of the proximity of workers' and bachelors' housing units to families' housing in light of the disparity and difference between customs, traditions, and customs, especially with the presence of large numbers of workers from countries other than Arabic.
On the reason for the spread of housing for workers and bachelors, Al-Shuhail explained that this is due to the lack of clear legislation to regulate housing for workers and bachelors, the multiplicity of agencies responsible for workers' accommodation, the absence of a mechanism that defines the role and responsibilities of each party in this, and the low rental rates for shared housing, which encourages employers or workers It is necessary to rent them, especially in light of the prevalence of unskilled workers and loose labor, and the weakness of the control process over the housing of workers and bachelors from the various relevant sectors, and in response to this, the updated regulation of health conditions for workers ’accommodations was adopted, as the Ministry of Municipal and Rural Affairs and the National Center for Disease Prevention and Control approved“ Weqaya ” By updating the list of health conditions for workers ’housing within the urban area to comply with the requirements of the current pandemic of the new Coronavirus (COVID-19), and the updated regulation of health conditions for workers’ housing was adopted, which included a number of site requirements, general requirements for the building, facilities and equipment, requirements for workers, and a number of precautionary measures Of the current situation, and the provisions and monitoring of the implementation of those requirements.
Al-Duhailan: We look forward to the Eastern Province being an important center for the beauty and fashion industry
17/12/2020
During the expanded meeting of the women's workshops and centers in the Asharqia Chamber
Al-Duhailan: We look forward to the Eastern Province being an important center for the beauty and fashion industry
The head of the Women's Workshops and Beauty Centers Committee in the Asharqia Chamber, Shuaa Al-Duhailan, said that the sector of women's workshops and centers is going through a series of challenges, some of which are permanent, known and diagnosed for a long time, and some of them came with the Corona pandemic .. calling on the owners of these concerns and centers to communicate and coordinate because the challenges are common and almost the same.
Al-Duhailan said during the expanded meeting of women's work and beauty centers which was held on Wednesday, December 16, 2020, that the committee bore the responsibility of monitoring these challenges and presenting proposals for realistic solutions to them, because these challenges are not concerned with a center or operator without another, but rather include the whole sector because they are almost similar to a great degree, and we cannot reach our projects to Examination and treatment method if we do not have a high degree of communication.
She mentioned during the meeting, which was transmitted by visual communication, that the committee is striving to upgrade the beauty and fashion industry in the Eastern Region to be a distinguished center by creating a correct environment that contributes to promoting high professional craftsmanship, creative creativity, and sustainable development to qualify national cadres, highlighting the role of women as an effective contributor to the development of the eastern region's economy. In light of the values and principles of our society.
Speaking about the achievements of the committee, she stated that the committee has held several periodic meetings that discuss and study the problems and difficulties faced by businesswomen investing in the workshop sector and suggest appropriate solutions to them. Events and events are also being proposed to raise the level of awareness of businesswomen on economic aspects in addition to Submit proposals to increase the level of activity and reduce randomness.
She concluded by saying that the committee seeks to support businesswomen investing in the workshop sector through integration between government and private initiatives, and the Women's Workshops and Centers Committee arranges meetings, workshops, lectures, as well as various visits to achieve the goal it seeks.
Asharqia Chamber: The new budget confirms the solidity and durability of the national economy in the face of external shocks and unexpected crises
16/12/2020
Asharqia Chamber: The new budget confirms the solidity and durability of the national economy in the face of external shocks and unexpected crises
Asharqia Chamber, during its analytical study on the new budget, which was issued on Wednesday, December 16, 2020, entitled (Analysis of the overall performance of the Kingdom's budget indicators for the fiscal year 2021), that the next year's budget confirms the solidity and durability of the national economy in the face of external shocks and unexpected crises, as well as continuity The march to diversify and develop non-oil revenues to ensure the sustainability of public revenues.
According to the study, the budget bears with it many indications of the extent of the wise leadership's interest in achieving the goals and ambitions of Vision 2030, promoting economic growth and maintaining macroeconomic stability in light of the challenge of the spread of the new Coronavirus (COVID-19), which the global economy suffers from its repercussions, while continuing Executing national transformation plans, diversifying sources of income and building reserves, attracting foreign investments, expanding and developing infrastructure projects for the Saudi economy, developing and developing the human element, and giving priority to services that directly affect the Saudi citizen.
The study, which came in six main axes, confirmed that the Kingdom has a strong financial position, given the size of its large reserves with relatively low government debts, which enabled it to face the repercussions of the pandemic despite its great financial and economic effects, which was confirmed by the rating agencies. Credit for the strength and durability of the Saudi economy and its ability to face the crises that the world is currently witnessing.
The study indicated that the new budget revealed the great importance the government attaches to comprehensive development in both its economic and social aspects and what this requires in terms of programming spending priorities to direct it to basic services and to improving the quality of life and raising the standard of living for citizens, in addition to completing the development of vision investigation and development programs. Noting that the education, health, and social development sectors have captured 36.5% of the total public spending allocations in the 2021 budget.
The study showed that the Kingdom worked during the pandemic crisis to continue diversifying and developing non-oil revenues to ensure the sustainability and stability of revenues as a regular source of state resources, through initiatives that contributed to providing resources to implement economic transformation plans, finance expenditures with a social dimension and reduce their vulnerability to fluctuations in Oil markets.
The study said that the budget estimates total revenues in 2021 at about 849 billion riyals, an increase of 10.3% than what is expected to be achieved in 2020, and it is expected that total revenues will continue to grow until it reaches 928 billion riyals in 2023, indicating that it is estimated that revenues from taxes will arrive in In 2021, to about 257 billion riyals, an increase of 30.8% compared to the expected collection in 2020, as a result of the financial impact of the whole year of raising the value-added tax rate to 15% and the increase in customs duties for a number of goods, in addition to the expected economic recovery in 2021.
The study indicated that the total spending in the 2021 budget was estimated at 990 billion riyals, down from the projected for 2020 by 7.3%, which constitutes 34.5% of the gross domestic product, with the continued increase in the efficiency of spending, and confirmed that the government spending estimates indicate that We need to continue implementing social protection programs and other social security programs while continuing to review and improve them in order to reach the target groups. Considering that social spending is one of the most important priorities of government spending to improve the quality of life and raise the standard of living for citizens, including families and individuals.
The women's workshops and centers' committees in the "Asharqia and Hail" Chamber are discussing strengthening cooperation
16/12/2020
The women's workshops and centers' committees in the "Asharqia and Hail" Chamber are discussing strengthening cooperation
The Women’s Workshops and Centers Committees in the Asharqia and Hail Chambers affirmed the importance of cooperation and exchange of experiences to face the current challenges and raise the sector’s added value in the national economy, in light of the current developments that provide more promising opportunities for women.
This came during their meeting on Tuesday (15 / December / 2020), which took place in light of the visit of the Occupations Committee in the Hail Chamber headed by a member of the Board of Directors and Chairman of the Committee Salma Al-Nuhair, the headquarters of the Asharqia Chamber.
The meeting witnessed an open dialogue on many issues of common interest, the two sides touched on the difficulties faced by the workshops and centers, the sources of which vary, especially from the bag dealers, who have distorted the image of the sector, gave a negative impression of the centers and workshops and created unfair competition with distinguished official centers and workshops The members of the two committees made a field visit to several salons and training centers in the area concerned with the beauty sector in the eastern region, and they were briefed on the reality of resettlement and investment in this promising sector.
The two parties expressed their hope to create greater and broader partnerships between female investors in women's workshops in the two regions, especially in light of these conditions that are conducive to empowering women in all fields, making the horizon unlimited for cooperation and partnerships.
The head of the committee in the Asharqia Chamber, Shuaa Al-Duhailan, said: Hopes are pinned for more of these meetings to exchange ideas and open channels for exchanging experiences and experiences, which support our national options towards a greater role for Saudi women in the national economy ... stressing that the current period requires more knowledge and cooperation. They are the main supporter of aspirations and desired goals, and that enriching the business environment in the national economy begins when the channels of communication, communication, and exchange of experiences increase between the various responsible institutions.
Al-Khalidi: The new budget confirms the country's success in achieving the difficult equation between increasing expenditures and maintaining financial stability and sustainability
16/12/2020
Al-Khalidi: The new budget confirms the country's success in achieving the difficult equation between increasing expenditures and maintaining financial stability and sustainability
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, confirmed that the new budget ably affirms the government's success despite the challenges that the Corona pandemic imposed on the Kingdom and the entire world, in achieving the difficult equation, by balancing the requirements for increasing expenditures and maintaining financial stability and financial sustainability, pointing out that This reflects the efficiency of the financial policy, administrative and economic planning of the Kingdom, and the superior resources and capabilities it possesses to face unexpected crises such as the Corona pandemic crisis.
Al-Khalidi pointed out that the numbers included in the new budget show signs of recovery from the repercussions of the pandemic, and that they indicate the continuity of work on implementing economic and financial reforms, as well as the continuity of providing more opportunities for the private sector to participate in many major infrastructure projects, describing the new budget as large. As its estimated expenditures amount to (990) billion riyals, and its revenues are estimated at (849) billion riyals, and despite recording a deficit slightly greater than the year 2020 AD, it is a bet on continuing to diversify the economic base in line with the goals of Vision 2030, that vision that directly affected its programs in Deciding on the Kingdom's ability to face the unexpected crisis of Corona, pointing out that the most important characteristic of the government's fiscal policy in managing the budget deficit is that it can avoid the problems that may arise from managing public debt, which is among the lowest rates compared to the public debt of the G20 countries.
Al-Khaldi explained that the 2021 budget came to confirm the path followed by the state since the launch of the 2030 vision, and that it achieves a balance between the paths to maintain financial sustainability and the goals of promoting economic growth and development, and that it shows the government's determination to continue work on the implementation of major spending plans, implementation of major projects and implementation more programs and initiatives to increase the roles of the private sector in the national economy.
Specialists: The electronic application is more like the virtual market, which aims to provide services to project contractors
15/12/2020
Specialists: The electronic application is more like the virtual market, which aims to provide services to project contractors
Officials and specialists in electronic platforms have explained the role of applications and platforms specialized in the construction industry in the development of the industry in line with the technological revolution taking place in the world.
Suhail Edward Al-Masry, General Manager - Saudi Tendered Company, spoke during a meeting organized by the Asharqia Chamber, represented by the Contracting Committee, on Tuesday, December 15, 2020, about the mechanisms of contractors' use of electronic platforms and applications and their role in supporting the contracting sector, as part of a series of meetings introducing electronic platforms and applications, and he said the applications have saved the business sector effort and time so that the beneficiary can rent his heavy equipment to the customer who plays him, he can benefit from the application and the features in it, the most important of which are the offers related to the prices.
Al-Masry said during the meeting, moderated by a member of the committee, Engineer Othman bin Ahmed Al-Othman, that the website or application is like a virtual market, as it aims to provide services to project owners, including obtaining the mechanisms that he needs by choosing the equipment and quantity, indicating that through the site he communicates with the registered company and through Understanding the project and its nature. A quotation consistent with the project specifications is sent.
Al-Masry pointed out that the site provides another feature related to information about the mechanism that the beneficiary wants to rent, such as obtaining information about the equipment, its work history, and its movement so that he is aware of the equipment's condition and how it works.
On her part, Sheikha Bint Salem bin Mahfouz, Customer Success Manager - Saudi Tendered Company, said that electronic applications include various features that help the business sector to perform their work and fulfill the benefits required of them.
Bin Mahfouz indicated that the application was built to address many challenges, most notably the inability of small and medium-sized companies to benefit from the services of companies that require payment of large sums in exchange for benefiting from their services.
Bin Mahfouz explained that the site helps the business sector manage its customers, assets, and payments, and also offers varying prices commensurate with the companies' budgets and the specifications of the required equipment, in addition to a reminder of the date of material entitlements.
The Saudi Water Partnerships Company offers investment opportunities within the "Facilitation" program in the Asharqia Chamber
15/12/2020
The Saudi Water Partnerships Company offers investment opportunities within the "Facilitation" program in the Asharqia Chamber
Within the activities of the "Facilitation" program implemented by the Asharqia Chamber, the Saudi Water Partnerships Company is presenting, on Tuesday morning (December 22, 2020) to the business sector (especially owners of small and medium enterprises) several investment opportunities available to it.
It includes the meeting program - which is transmitted remotely at twelve o'clock in the afternoon. Until 2 p.m., a presentation on the company's efforts in localizing industry and services and attracting local investors, including a list of investment opportunities available to the business sector, and the company is looking forward to activating them, in addition to providing a detailed explanation of the mechanisms and procedures for registration and qualification with the company and taking advantage of the available opportunities, as the meeting provides an opportunity Direct meeting with the concerned officials in the company to know the contracting procedures after reviewing the opportunities.
It is noteworthy that the “Facilitation” program is one of the initiatives of the Asharqia Chamber to support the business sector in the Eastern Province, through which direct communication is achieved between the major strategic sectors in the Kingdom with the private sector institutions, especially the small and medium ones, which comes in line with the Kingdom’s 2030 vision and what it aims to achieve. Support the local component, localize support industries, and achieve balanced development.
This initiative comes within the framework of the Chamber's constant keenness to achieve communication between the strategic sectors and the business sector, and for this communication to take on a practical character, and it hopes from behind that to achieve achievements that will be an added value for the private sector and the national economy in general, so that it will be reflected in the economic movement in the Kingdom, to convince it is confirmed by the Chamber that private sector institutions possess a lot of potentials, which makes them qualified to implement the requirements of supply, implementation, transportation and the like by strategic sectors such as oil, gas, energy, large basic industries, water desalination, and so on.
Asharqia Chamber reviews the mechanisms for contractors' use of electronic platforms
10/12/2020
Within a series of meetings to introduce the platforms and applications
Asharqia Chamber reviews the mechanisms for contractors' use of electronic platforms
Asharqia Chamber, represented by the Contracting Committee, during a remote meeting on Tuesday 15 December 2020 at 12:30 pm, will review the mechanisms for contractors' use of electronic platforms and applications and their role in supporting the contracting sector, as part of a series of meetings introducing electronic platforms and applications.
The meeting aims to introduce the contractor's sector in the Eastern Province with electronic platforms and applications related to their work and their role in developing the construction industry in line with the state of technological development witnessed by the world.
The meeting deals with several axes, including the mechanism of work in the platforms and their goals aimed at supporting the contracting sector by realizing the correct information and data, establishing and consolidating the important principles in this main sector in the national economy, and how its pioneers benefit from the platforms and applications, whether in marketing or benefiting from the various services that facilitate The beneficiary must reach it, in addition to supporting the sector by continuing to work in it and develop its services.
food and Drug Administration: 4 degrees awarded to establishments according to their commitment, and the privileged category gets exclusive services
10/12/2020
food and Drug Administration: 4 degrees awarded to establishments according to their commitment, and the privileged category gets exclusive services
The Executive Director of the Eastern Sector at the Food and Drug Authority, Turki bin Abdullah Al-Jalisi, affirmed the continuous interaction between the authority and the business sector in the eastern region, pointing to the keenness between the two parties to develop the working mechanism and to deal with various initiatives to improve the services provided to all.
Al-Jalisi spoke during a monthly meeting for the business sector organized by the Asharqia Chamber remotely Tuesday, December 8, 2020, and moderated by the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabel, about the Authority’s efforts in developing inspection and import operations, as he referred to the Food Facilities Evaluation Project, which aims to evaluate the local establishment To degrees to motivate them to raise the quality of their food products, explaining that the project in the first stage targets food factories, bottled water factories, and ice factories.
Al-Jalisi said that the project aims to reduce wrong practices inside the facility, assess the general situation, and the extent of the food establishment’s commitment to applying health and safety standards, in addition to the optimal application of food safety programs in food establishments and their workers, increasing consumer confidence in the local product, supporting non-oil exports, and raising The level of competitiveness among establishments and enhancing the reputation and quality of the local product.
Al-Jalisi stated that the authority grants 4 grades and percentages for classification that reflect the facility's commitment to health and technical requirements and that if the facility obtains a high rating (A +), this will contribute to the inclusion of its name in the list of distinguished establishments, obtaining an export certificate through the fast track, and also obtaining Priority in the business support service without prior reservation.
On the self-evaluation program for food establishments, Al-Jalisi said that the program works according to a specific mechanism so that the person responsible for food safety in the facility can evaluate the performance of his facility by filling out the form prepared to see the extent of its compliance with the technical regulations, Gulf standards, and good manufacturing requirements, stressing that this step helps to develop a mechanism Self-monitoring of food establishments, identifying and correcting non-conformities, and facilitating official inspections by authority inspectors
"Human Resources": The initiative to improve the contractual relationship increases the competitiveness of citizens in the labor market and contributes to attracting talent
09/12/2020
During a workshop organized by the Asharqia Chamber
"Human Resources": The initiative to improve the contractual relationship increases the competitiveness of citizens in the labor market and contributes to attracting talent
A workshop organized by the Asharqia Chamber, represented by the Contracting Committee, in cooperation with the Ministry of Human Resources and Social Development, on "Improving the Contractual Relationship for Private Sector Employees" through remote communication technology, Tuesday, December 8, 2020.
The workshop, which was moderated by a member of the Board of Directors of the Asharqia Chamber and Chairman of the Contracting Committee, Hamad bin Hammoud Al-Hammad, witnessed the participation of the Undersecretary for Inspection and Work Environment Development Sattam bin Amer Al-Harbi, who explained that the initiative to improve the contractual relationship for expatriate workers will start in early March 2021, which includes three services available to a migrant worker: Career mobility, final exit, exit and return
As for the first service - according to Al-Harbi - it is to allow the employment of foreign workers to move between private sector establishments, within specific controls that take into account the rights of the parties to the contractual relationship and the terms of the contract between the employer and the expatriate worker, and three parties benefit from this service (the migrant worker, the current employer, and the owner New work.
H reviewed the cases in which a migrant worker is allowed to move to a new employer without conditions, including the absence of a signed work contract, taking into account the deadline for documenting the contract, which is 3 months from the entry of the worker, non-payment of the worker's wage for three consecutive months, and the absence of the employer in travel, imprisonment, death or any other reason Or the expiry of the expatriate's work permit or residence, and in the event that the worker reports a case of a commercial cover-up against the employer, provided that he is not participating in the same case, and the worker has the right to move if the employer does not comply in the event of a labor dispute to attend the sessions by two consecutive sessions and he stated that the initiative For the expatriate worker to request final exit, or exit and return during the validity of the work contract or after its end, automatically through the Absher platform, according to specific conditions, including: The worker must be part of the expatriate professional employment subject to the labor system, and that the worker has a valid residency and a documented work contract And that he does not have unpaid government fees or violations, and this is accompanied by the approval of this expatriate worker of the procedures resulting from the final exit before completing the contract, or the exit without return during the leave granted to him by the employer, and that. Via the Absher platform.
Al-Harbi mentioned the conditions for benefiting from this service (job mobility) imposed on the worker and the new employer, as for the worker, it is a condition that the worker be part of the expatriate professional employment subject to the work system, and that this worker completes his first year with the current employer from his first entry into The Kingdom, according to a notarized work contract, or he has a job offer submitted through a strong platform by the new employer, and to submit a notification to the current employer of the request to transfer the service, taking into account the notice period
As for the conditions for the new employer's eligibility to request the transfer of the services of a migrant worker - and speaking to Sattam Al-Harbi - it is that his facility is eligible to obtain visas according to the regulations, and has a commitment to the controls of the wage protection program, the controls of the contract documentation and digitization program and the self-evaluation program.
For his part, the Undersecretary of the Ministry of Human Resources and Social Development for Labor Policies, Engineer Hani bin Abdul-Mohsen Al-Mujil, emphasized that the wise leadership represented by the Ministry was keen to achieve the public interest, by improving the relationship between the employer on the one hand and the workers on the other hand, and that the ministry has worked and is still working on Harmonizing and updating many legislations and policies and launching programs and initiatives that contribute to achieving and supporting the Kingdom's vision 2030, and on improving the contractual relationship for expatriate workers, the rational government, out of concern for the work environment, issued a system that gives the expatriate rights that are added to the rights he enjoys in operating Saudi institutions All rights are now guaranteed under the system, such as the right to move employment from one institution to another, and achieve final exit, or exit and return, all according to specific requirements that take into account the rights of the worker himself, the current employer, and the new employer.
On the other hand, Deputy Director of the Implementation Department at the National Transformation Program Center, Engineer Safwan bin Hussam Al-Sharif, said that the initiative aims to improve the contractual relationship between the worker and the employer by amending the work regulations and systems to allow job mobility for expatriates and improve the mechanism of final exit and return, which contributes to raising the attractiveness of The labor market, raising its competitiveness, and enhancing its attractiveness for highly skilled expatriate workers.
Al-Sharif indicated that the initiative contributes to improving working conditions for expatriates by raising the satisfaction of expatriates, preserving the rights of workers, increasing the productivity of expatriates in the labor market, and increasing the Kingdom's competitiveness to attract global talent.
Regarding the challenges, Al-Sharif said that several challenges facing the initiative are: The lack of commitment of business owners to the rights of expatriate workers, which negatively affects the attractiveness of the labor market, and it will be solved through the development of regulations and amended regulations to guarantee the rights of expatriates, and reduce the gap in the competitiveness of the expatriate compared to the citizen. By activating the basic services of the initiative, which will contribute to increasing the productivity of expatriates in the labor market.
Regarding the expected impact of the initiative, Al-Sharif pointed to several positive results, the most prominent of which are: improving the working conditions of expatriates, raising the level of transferring the skills of expatriates, which improves the level of productivity and increases the efficiency of the expatriate labor market, and reduces the disparity between the benefits of Saudi and expatriate workers, which will be reflected in the improvement of the nationalization rate, and the improvement of the arrangement The Kingdom at the international level in the indicators related to the working conditions of expatriates, pointing to correcting the conditions of nearly half a million expatriates on the land of the Kingdom to attract qualified workers with added value.
Al-Hammad pointed out that the initiative to improve the contractual relationship comes as one of the important paths within several paths pursued by our rational government to reach a competitive labor market for global labor markets, which raises its classification in international competitiveness indicators, as it is a qualitative initiative that keeps pace with the state of development in global labor markets on the part of And the stage of economic transformation that the country is going through on the other hand, and he said: I can say that this initiative reflects the actual attention paid by our rational government to reach the global labor market to achieve the ambitious goals of creating a prosperous economy capable of positively dealing with future developments.
The "Free Specialized Consulting" program witnesses interaction between male and female entrepreneurs
09/12/2020
The "Free Specialized Consulting" program witnesses interaction between male and female entrepreneurs
The "Free Specialized Consulting" Program for Small and Medium Enterprises, organized by the Asharqia Chamber, Tuesday, December 8, 2020, witnessed remarkable interaction from entrepreneurs and women entrepreneurs who communicated with the program and obtained free consultations provided by consultants specializing in various fields.The program, which was implemented through visual communication, provided consultations in the field of procurement to several entrepreneurs and women entrepreneurs who wished to establish their new projects, as they obtained a set of advice, guidance, and proposals for appropriate solutions to the challenges and difficulties facing the owners of these facilities in the field of procurement specifically.
It is noteworthy that this program, which has been the Asharqia chamber represented by SMEs Center for organizing support wishing to start their own businesses and owners of small businesses and medium-sized, offering room crew co under this program several practical tips aimed at business and enterprise development in the framework of the efforts of the Asharqia chamber in taking care of this vital sector.
Asharqia Chamber invites its subscribers to take advantage of its new initiatives "Taqdeer"
06/12/2020
It enables them to obtain offers, discounts, and privileges in several commercial sectors
Asharqia Chamber invites its subscribers to take advantage of its new initiatives "Taqdeer"
Asharqia Chamber called on the business sector in the region to benefit from the "Taqdeer" initiative that it recently launched under the slogan "Deserving of Appreciation", as part of its efforts to provide distinguished and high-quality services to its subscribers, employees and their families.
"Taqdeer" for the members participating in it "for free" and their employees and families were able to obtain several offers, discounts, and privileges in several different commercial sectors, most notably the travel, tourism, accommodation, and car rental sectors.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the initiative comes as a continuation of the Chamber's work to enhance the level of partnership and strengthen the bond between it and its subscribers and employees, and to provide them with distinguished and innovative services through programs and initiatives of a developmental nature that achieve its objectives by applying and spreading the culture of social responsibility among the business sectors in Region.
Al-Khalidi went on to say: “Appreciation” expresses the extent of appreciation and gratitude of the Chamber to its subscribers and employees, who always interact with the Chamber’s activities and programs. They represent the Chamber’s primary goal to achieve leadership and excellence in taking care of their interests and meeting their needs in various fields, indicating that the room is always and ever To help its subscribers by working to follow-up, qualify them, and provide them with the programs and initiatives that enable their positive partnership in achieving the goals of growth and development.
For this part, the Chamber's Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, said that the initiative allows the subscribing members and the Chamber’s employees and their families to obtain special discounts in several sectors such as hotels, resorts, airlines, as well as car rental, which can be viewed and controlled through the electronic services portal on the Chamber’s website Electronic, or through the subscriber's electronic card.
Al-Wabel indicated that the Chamber will continue to present its vision and mission to be a sponsor of the business sector, a pioneer for sustainable development, distinguished by its performance and services, support and development of economic and development work for the business sector and work as a platform to enhance communication opportunities.
A new strategy for the Communications Authority that adopts the principle of shifting from a traditional regulator to a digital regulator
06/12/2020
Asharqia Chamber hosted the Governor of the Communications Commission
Anew strategy for the Communications Authority that adopts the principle of shifting from a traditional regulator to a digital regulator
His Excellency the Governor of the Communications and Information Technology Commission, Dr. Muhammad Al-Tamimi revealed that the Commission has launched a new strategy, through which it continues to preserve the gains made during the past years, and moves forward to develop and expand, and attract more investors (especially small and medium enterprises), while preserving the quality of service to the consumer the final decision in all services under the authority's supervision, including postal activities.
this came during the meeting organized by the Asharqia Chamber, the day before yesterday (Tuesday 1/12/2020), and it was transferred by direct transmission technology and managed by the Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, and the Chairman of the Chamber's Communications and Communications Technology Committee, Nasser bin Rashid Al Bajash, participated in it. His Excellency the Governor affirmed that this meeting is part of the state of communication adopted by the authority with the private sector, and the complete keenness to improve investment mechanisms and raise the level of quality and services provided in the fields of communications and information technology, referring to their work to restore the success story that was achieved during the past years in the telecommunications sector. And it was adopted in the postal sector after the recent assignment of the regulatory and supervisory tasks of the postal logistics services sector to the authority.
Dr. Al-Tamimi also indicated that the new strategy works in several areas, most notably the provision of a stimulating investment climate, the development of frequency management in a way that serves the development in the country in general, consumer protection and service access for all, stressing that the new strategy of the authority adopts the principle of transformation from a traditional regulator of communications and information technology to a digital regulator, especially since the sector deals with everyone, including individuals and institutions alike.
For this part, The Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Kingdom has made great achievements and quantum leaps in the digital sector during the past three years, as it ranked first in digital competitiveness at the level of the G20 countries, and jumped about 40 places in the digital infrastructure index For communications and information technology, and we became one of the top ten countries in the world in mobile "internet" speeds, which had the greatest impact on our overcoming the biggest crisis in the world, which is the Corona pandemic.
Al-Khalidi added that these accomplishments and this expansion and activity are unprecedented in the communications and information technology sector, whether at the state level or what business sectors are showing in their different activities towards increasing their spending to move their systems to the technical level, and that the dialogue with the authority aims to expand the base of dialogue and discussion on future steps. For the communications and information technology sector, and that all representatives of the private and government sector are studying the prospects of this sector, which is witnessing a unique transformation in the world.
Al-Khalidi: The new chambers system is one of the supporting facilities that the state continuously provides to the private sector and its representative institutions
06/12/2020
Al-Khalidi: The new chambers system is one of the supporting facilities that the state continuously provides to the private sector and its representative institutions
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the decision of the Council of Ministers during its session on Tuesday, December 1, 2020, headed by the shrine of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz for approving the new system of chambers of commerce, stressing that it is one of the supporting capabilities provided by the state constantly for the private sector and its representative institutions, and it represents an added value for the economic environment in the Kingdom.
Al-Khalidi pointed out that the chambers of commerce have an important role in representing the interests of traders and manufacturers, and that restructuring and formulating their system in accordance with international standards leads to their business and services that they provide to the private sector and the national economy to the optimal alignment of the paths and objectives of the vision. Al-Khalidi said that the new system regulates the tasks of the chambers of commerce, defines their terms of reference, unifies their efforts, and establishes a new framework for working in accordance with international standards that enhances the role and competitiveness of the private sector.
Al-Khalidi explained that the system pushes the increase in business and that it also improves the internal work system of the Chamber of Commerce and raises the efficiency of its performance, as it links performance to indicators for measurement and evaluation, indicating that it reflects the size of the development in various governmental and non-governmental agencies that the Kingdom is witnessing since the launch of the vision 2030.
The Endowment Practices Forum 2020 recommends the formation of exchange reserves and their investment in a liquid, low-risk form
01/12/2020
It was organized by the Asharqia Chamber under the patronage and honor of His Highness Prince of the Eastern Province
The Endowment Practices Forum 2020 recommends the formation of exchange reserves and their investment in a liquid, low-risk form
The Endowment Practices Forum 2020 recommended the necessity of creating exchange reserves and investing them in a low-risk medium, and not managing investments in the same way as managing real estate assets, with the need for a clear investment policy in the endowment,
The Awqaf Forum 2020 was organized by the Asharqia Chamber in a strategic partnership with the Endowment Authority, Monday, November 30, 2020, through visual communication technology, and witnessed a large presence of specialists and those interested in the field of endowments, and it came under the title (Return on Investment on Endowments) and was inaugurated by His Royal Highness, the Prince. Saud bin Nayef bin Abdulaziz Al Saud », Governor of the Eastern Province, and Honorary Chairman of the Endowments Committee.
The forum stressed in its closing statement, delivered by a member of the Endowments Committee in the Asharqia Chamber, Dr. Ahmed Al-Dowayan, a member of the Chamber's Endowment Committee, that the distribution of investments in a professional manner leads to the great achievement of the endowment goals, and pointed to the importance of spreading awareness of the importance of shifting to modern methods of investing endowments. This is by making use of successful local or international experiences in investment and applying the appropriate ones, in addition to the necessity to ensure the diversification of endowment investment portfolios to reduce risks while setting investment objectives and determinants and seeking the help of experts and specialists, in order to achieve the best results and reduce risks to endowments.
The forum also recommended the importance of adopting the applications of governance, whether in managing the endowment or representing the endowment in investment in a way that does not impede its growth and profitability and exit from the circle of cognitive bias among investment decision-makers, with a commitment to the stability of the exchange and not to change it, in addition to not being linked to the annual results of the calculation of the exchange and looking further than So, given the consideration of inflation and its implications.
The forum ended with a call to invest in replacement and renewal reserves and to reliably estimate their expected growth, with the importance of investigating fairness in the benefits emanating from the endowment among the generations of beneficiaries, as well as establishing the principles and values of the necessity of caring for the growth of the endowment, not maximizing returns, developing its origin and not fixing or increasing the exchange.
The Endowment Committee of the Asharqia Chamber intends to place the forum’s working papers in a book as a way out for this forum that includes recommendations and all working papers that were put forward at the forum and will be submitted to the Asharqia Chamber’s website.
Asharqia Chamber launches the activities of the Endowment Forum 2020 best endowment practices
01/12/2020
Under the patronage and honor of the Prince of the Eastern Province
Asharqia Chamber launches the activities of the Endowment Forum 2020 best endowment practices
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Region and Honorary Chairman of the Endowment Committee, on Monday 30 November 2020 AD, inaugurated the activities of the Endowment Practices Forum under the title (Return on Investment on Endowments), which was organized by the Asharqia Chamber in strategic partnership with The Endowment Authority, through visual communication technology, and in the midst of a large presence of government officials, an elite of local and international businessmen and academics, and those with expertise from specialists and those interested in the field of endowments.
The word of the Prince of the region
His Highness commended the state’s endowment as a tributary of development and one of the pillars of economic development and meeting the needs of society, recalling the initiative of the founding king - may God have mercy on him - to establish the Ain al-Aziziyah Waqf, which was to serve the pilgrims, pilgrims and those who pass by it, to be an endowment exceeding its benefit and impact to This day, His Highness indicated that the establishment of the General Authority for Endowments during the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - comes as an extension of the state’s care and interest in the endowment, reinforcing the endowment’s march in development, and an affirmation of its role in building society, and a catalyst for those standing to do more.
His Highness referred to the qualitative leaps the endowment sector witnessed recently, explaining that everyone's duty is to invest this, work with a holistic vision for the endowment sector, and benefit from local and international experiences, pointing out that the issue of return from investment is one of the issues that concern those in charge of endowment affairs. The role of the Forum is important and pivotal to be a window that illuminates the way for those in charge of endowments and their affairs and contributes to providing them with the necessary knowledge to raise the efficiency of investment that they supervise, expressing his gratitude to the forum, its organizers and its participants, wishing them success in making recommendations that contribute to strengthening the committee’s role in endowment work.
Real fortune
For his part, the head of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the endowment represents a type of social interdependence and compassion, a link to link the ancestors to the back, a manifestation of social vitality, and a realistic expression of the symbiotic tendency approved by Islam, and indicated that it is in front of what the endowment represents From real wealth that we rediscover and reformulate within the framework of the goals of Vision 2030 AD, we have seen broad mobility and tireless work from all parties and stakeholders to upgrade this sector and access it to diversify its channels and investments and redirect them towards development needs and priorities to be able to make the desired economic and social impact.
He indicated that the Chamber, with its values of influence, creativity, and responsibility, interacted with the major transformations taking place in the endowment sector, and worked in response to these transformations to diversify its awareness-raising initiatives and programs. And its role in supporting the sustainability of growth for enterprises, given that the seller and the consumer form one community framework.
Effective contributions
For his part, His Excellency the Governor of the General Authority for Endowments, Imad bin Saleh Al-Kharashi, considered the endowment sector to be a major engine in the wheel of development in this blessed country, and that it has effective contributions in the economic and social fields .. expressing his hope to partner with various sectors to enhance this role and create a package of The enablers and incentives that contribute to the upgrading and advancement of the endowment sector and its increase in its contributions to the domestic product, and he explained during his speech that the authority has an ambitious forward-looking vision to achieve the aspirations of our wise leadership to advance this sector, to be a productive and effective sector in achieving sustainable development, through a number of initiatives and products. Innovative innovations that will change the concept of the endowment sector according to best practices in this field.
Integrated financial system
He added that the authority is working to build an integrated financial system supported by regulatory policies that will contribute - God willing - to the development of investment and financial tools for endowments in a manner that is consistent with development needs, and to open new opportunities for opportunities that emulate the best global, regional and local practices, and to direct endowment banks to specific programs, which will be It has a great impact on consolidating the economic and social value of the endowment with a modern concept that is consistent with the aspirations of our wise leadership, may God support it, and with the strategic directions of the Kingdom's vision 2020. ”This will include offering various investment formulas and products such as endowment sukuk, bonds with a social impact, endowment investment portfolios, debt instruments, and others to achieve Financial sustainability of the non-profit sector and diversification of its income sources.
A bunch of partnerships
Al-Kharashi went on to say: The authority is also working to conclude a set of partnerships and cooperation agreements with a number of relevant authorities in this field to reach an effective and influential sector, "... it is expected" that these efforts will result in a strategic shift in the process of the endowment sector, God willing.
He expressed his hope that recommendations and proposals would come out of this forum that "contribute to developing endowment investments, management methods, and products, and measuring their impact, looking forward to a constructive and fruitful cooperation to complete the development process in this blessed country."
Huge returns
For his part, the head of the Endowments Committee in the Asharqia Chamber, Ayed bin Farhan Al-Qahtani, stressed the importance of what the forum deals with in terms of a topic that is a pivotal factor in the sustainability, prosperity, and spread of endowments. He pointed out that it was an extension and complement to the Awqaf Forum in 2018, and its positive impact on endowment activity in the Kingdom in general, and in the Eastern Province in particular.
Efficiency of endowments
Al-Qahtani went on to say that if we are safe and agree on the importance of the endowment sector and its level of influence, it is important as specialists to present new proposals that raise the efficiency of endowments, increase the growth of their investments, and spread them among the community, hence the idea of this forum that sheds light on many aspects of upgrading Endowments, especially with regard to their investment returns and the mechanisms for reinvesting them again, in addition to exploring its roles and future in accordance with best endowment practices in light of the goals of Vision 2030.
Training bags
The opening of the forum had been preceded by the main session, under the title (Objectives of Investment), in which His Eminence Sheikh Saad bin Muhammad Al-Muhanna, Secretary-General of the Endowments Committee in the Asharqia Chamber, spoke and chaired and moderated by a member of the Board of Directors and Deputy Chairman of the Endowment Committee, Mr. Hamad bin Hammoud Al-Hammad, during which he recommended Al-Muhanna The importance of presenting scientific theses on the purposes of investing in endowments and others on the purposes of banks in endowments, as well as the need to prepare training bags that are concerned with the purposes of endowments, and to emphasize teaching people the jurisprudence of endowments and their purposes, especially for principals and investors, pointing out that endowments are closeness and worship of God Almighty.
Legitimacy Evidence
Al-Muhanna emphasized that there is more than one evidence of the legitimacy of investing in endowments, indicating that the Messenger of God, may God bless him and grant him peace, and the Rightly Guided Caliphs were investing charitable funds. Where he used to allocate fever to her for preservation, pasture, mother and child, and benefit from it and the Muslims heal as proven in the Sahih of the story of the two scholars. Rather, shepherds lay them down and invest their children and their offspring.
Al-Muhanna went on to say that the second evidence for the legality of investing in endowments is to measure it on the money of orphans, as the jurists have agreed that it is permissible to invest it by the ruler with regard to the benefit of orphans in the interest, but some jurists have said that it is necessary to invest them in accordance with Charity, it is permissible to invest the funds of the endowment in matters that are in the interest of the arrested, with the whole that both the money of the orphan and the endowment is the property of others and disposing of it is dependent on the interest, while the third evidence comes, that the Prophet, may God bless him and grant him the righteous peace, He bought two shatters for him, one of them sold him for a dinar and he brought it for a dinar and a sheep, so he called him a blessing. ”The indication from the hadeeth is that the lair has invested the money of others in what has an interest in it. ((Endowments) to invest them in a manner that benefits the benefit of the arrested and arrested.
Endowment investment for maximum return
In the first session, moderated by Eng. Anas Al-Dowayan, CEO of Al-Dowyan Group, Awqaf Principal and Investments Expert, and it was titled (Successful Strategic Transformations and Their Impact on Return on Investment). The investment arm of the General Authority of Endowments, and the most prominent of its tasks as it was established in 2017 AD to be the authority concerned with the endowment sector in the Kingdom.
Al-Fayez said that the authority performs two main roles: the first is regulatory and legislative, which is concerned with organizing the endowment sector in the Kingdom, preserving and supervising endowments, and the second is operational and administrative, which is concerned with developing and managing endowments, developing them and disbursing their revenues in a way that achieves the conditions of the endowments and benefits.
Regarding the endowment company, Al-Fayez said that it is a closed joint stock company owned by the authority and its investment arm, indicating that the company was established in December in the year 2018 AD with the main objective of developing endowments, raising the efficiency of investment and the sustainability of returns, indicating that the company plays three main roles: Real estate investments and endowment development, and financial investments through portfolio and fund management.
Endowments sector index
Al-Fayez pointed out that the endowment sector index witnessed a sharp decline in the first quarter of this year 2020 AD at a rate of 20%, indicating that the field of endowment investments has significantly improved in the level of performance and efficiency during the past years before the outbreak of the Corona pandemic, which resulted in a significant increase in the index that reached Its percentage is 20.19% in 2019.
Al-Fayez said that the slowdown in economic activity resulting from the Corona pandemic led to a decline of 20.24% with the beginning of the year 2020 AD, and the target performance index also decreased the performance of the portfolios consisting of 60% stocks and 40% bonds by 12.88%, pointing out that the rise in gold prices increased by 12.88%. 17% put it at the forefront of current investment options, followed by domestic fixed income instruments, with a return of 3.33%
Community Fund
Al-Fayez reviewed the initiatives of the General Authority for Endowments and the Endowment Company for Investment in mitigating the damages resulting from the Corona pandemic, as the Authority launched the Community Fund to mitigate the effects of the epidemic in cooperation with the Ministry of Human Resources and Social Development, the Health Endowment Fund and other associations, donors and companies with a capital of 500 million riyals.
In an initiative to mitigate the damage caused by the pandemic, Awqaf Investment Company presented a package of initiatives, taking into account the following factors: The economic damage to residential and commercial real estate in the regions of Makkah Al-Mukarramah and Madinah Al-Munawwarah, and any other region that depends on commercial activity for the seasons of Hajj and Umrah. The annual rent for real estate located in other regions of the Kingdom.
The outlook is long term
On the most important rules for managing endowment investments for the year 2020 AD and beyond are: a long-term view that is consistent with the nature of endowment assets and the nature of the results targeted from endowment investments, and the focus on achieving profits that contribute to improving the total return on a portfolio by investing in diversifying the portfolio in terms of quality. Geographical, effective exit, which means setting up an organized methodology for sales or exit from investments that are useless and inconsistent with the objectives of the investment program, stability and stability in terms of developing a long-term strategy at a high level of accuracy and clarity, and finally the independence of the investment perspective through the formation of theories and directions independent of Portfolio through a correct reading of investment, economic and financial conditions at the portfolio and market level.
Endowment investment for maximum return
In his paper titled How can I invest my endowment for the maximum return ?, Mr. Alex Kershaw, Stanhope Capital's partner ((CFA), spoke about the methods that an investor wishing to comply with Islamic Sharia can follow, saying: Different types of Sharia compliance are used. By families and institutional investors in the Kingdom of Saudi Arabia, some of which can be called simple Sharia, which is an investment only in funds and other approved investments that are compliant with Islamic law by their providers, and the simplified Sharia with exemptions, which is an investment in funds that are compatible with Islamic Sharia except for fixed income. There are organized Sharia, which is investing according to a Sharia structure in traditional funds, and finally, hybrid Sharia, which is a simple Sharia approach to easily accessible asset classes such as public stocks, private stocks, and real estate.
Social investment
In the second session, which was moderated by a member of the Endowments Committee in the Asharqia Chamber, Turki Al-Rajhi, and titled (Developmental Horizons for Return on Investment), he said to Mr. Mark Salway, Managing Director of MKS Fundraising and Management, a visiting lecturer at the College of Business Administration and a former Director of Social Finance And social investment, during his paper which was titled Social Investment in Societies and How can Awqaf Benefit ?, that social investments achieve better returns and impact than expected on endowments, as they are different funds that focus on different social goals that enable the growth of capital and infrastructure quickly and enable The trustees also have access to information, stressing the importance of social investment organizations, given their strategy that adopts the development of financial sustainability, focuses on influence, expansion, growth and investment in technology, and has a great deal of independence and flexibility in income flows, in addition to the determinants it contains. Such as focusing on building infrastructure, innovation, fundraising, developing assets, developing their physical environment, and developing a new activity or service
From passive to an active strategy
On his part, Eng. Mohammed bin Talal Arab, CEO of Sulaymaniyah Group for Investments, reviewed the basic elements in the investment process, most notably: governance and management, invested assets, and strategic direction. Arabs talked about a prominent practical experience, which is the experience of managing Yale endowments, which was managed in 1989 by David Swensen, after six years of experience in Wall Street as an asset manager, and the size of the portfolio at that time was about one billion dollars, and he was able to develop it within 3 decades by completely changing the composition of the portfolio, as the size of the portfolio rose to 31.2 billion dollars, through several measures, namely: shifting from an idle strategy to An active strategy, increasing focus on institutional activities, reducing traditional direct activities, building a professional management structure, in addition to building a coherent investment strategy.
Local endowment wallet
Arab said that the university’s portfolio consisted of several assets in different assets and managed in a traditional manner, through undocumented contracting with tenants and a poorly trained maintenance team, in addition to a local stock portfolio that is managed internally without a clear strategy with poor efficiency, and a relatively large cash The portfolio without clear utilization and affected by inflation factors, as the portfolio was reconfigured by replacing the property with units in real estate traded funds (REIT), and an agreement with a financial company to manage the stock portfolio in a professional manner, and exposure to Murabaha funds at 60% of the cash.
Regarding the positive measures taken in establishing a local endowment portfolio, he said that it contributed to alleviating the cumbersome operational burdens of the real estate, such as maintenance and collection, and the shift from the unprofessional daily management of shares to the periodic follow-up of professional management reports for the portfolio, and the use of cash in short-term Murabaha funds to achieve returns Low risk, relatively increased portfolio diversification, and improved risk level for the overall portfolio.
Governance in investment
And in the third session, moderated by a member of the Endowments Committee in the Asharqia Chamber, Engineer Musa Al-Mousa, and titled (Governance in Investment), during which Dr. Ziyad bin Othman Al-Hogail, Chairman of the Knowledge Linking Company, and the former CEO of Sulaiman Al-Rajhi Endowments Holding Company, and Dr. Imad Al-Saghir, the strategic planning and organizational development consultant, who explained that there are basic criteria for endowment investment, including stability of endowment ownership, relative safety, achieving a due return, flexibility in changing the field of investment and its formulas, the balance between social and economic return, the balance between the interests of the beneficiaries' generations, and the weighting of Public interest over private interest.
A Standing Family Charter
Al-Sagheer added, in his paper entitled (Developing Endowment Investments Returns Challenges and Hopes), that despite the aforementioned advantages, practical measures must be applied to govern endowment investments, such as adopting modern methods of managing endowment projects, and this requires professional and collective consideration, transparency and auditing. Financial and legal in investment operations, stressing the importance of having a charter for the standing family to control its relationship with the endowment, and the use of competent and specialized people in managing investment aspects as a basic criterion for an appointment before any other consideration, with the need to adopt the orientations and aspirations of the endowment.
In order to reduce the risks associated with the investment process of the endowment, Al-Sagheer said: “The endowment should make a great effort to diversify the investment activities, and take care to build a clear investment strategy, build an investment policy document and approve it from the Presidency Council and review it periodically, and attention must be paid to the exit strategy from Investing (Exit strategy) before entering into an investment, "stressing the importance of avoiding high-risk investments such as speculation. And not to enter into stocks as a speculator, and to enter as a developer in real estate and not as a speculator. "
In this regard, Al-Sagheer stressed the importance of distributing assets in countries, activities and currencies, geographical diversification and activities, not being satisfied with stocks and real estate (the existence of the market and the existence of goods), the availability of partners in the commercial sector and for sustainability in investment, he noted the need to work on strategic investment with real returns, and care With the tasks of managing and distributing assets, maintaining a certain amount of liquidity, and professionally forming an investment committee for the endowment.
While Al-Hogail called, during his paper entitled Introduction to Calculating Expenditure Budgets in Endowments, to adhere to the stability of the exchange and not to change it by more than 20%, to form exchange reserves and to invest them in a low-risk liquid, and not to link to the annual results of the calculation of the exchange and look further, and to take into account inflation He pointed out that the distribution of investments in a professional manner achieves the objectives of the endowment, investing the reserves of replacement and renewal and assessing their expected growth reliably, and investigating fairness in the benefits issued by the endowment among the generations of beneficiaries.
Al-Hogail pointed out that most of the spending channels depend mainly or entirely on what they receive from endowments, and these revenues often fluctuate, exposing the company to stumbling and negatives, especially since most of the endowments -
And perhaps all of them - facilities are not used to support spending, so it improves the equality of the annual spending rate and is calculated based on the expenditures of the past 3 years, and that it is invested in a liquid form (sukuk, deposits, murabaha), and it is disbursed to support spending so that the spending does not decrease from the previous year by more than a percentage Specific (say 20%) to avoid confusing the drainage channels.
A specific mechanism for calculating spending
Al-Hogail suggested a specific mechanism for calculating expenditures that depends on historical information (asset value and growth, revenue and its growth, profits and their growth, nature, and risks of assets, estimation of replacement and renewal needs, past inflation and expected inflation ... etc.), and based on these data, a target amount is set. (Value not percentage) of spending is based on historical information and future expectations, and this is based on indicators (percentages of the value of assets or profits), taking into account that the total value of assets does not increase in a way that dominates the amount of spending in the past, calculated on 3 or 5 years. It is reviewed in every economic cycle.
He mentioned that a target rate for spending can be set from the value of assets, for example, 3 or 4%, which is the percentage that many international endowments have settled on after a long search. As for endowments that have large unmanaged assets, they can start with lower rates, and then seek to gradually raise the percentage through Replacement and diversification of assets and to target ratios of 3 or 4% within 5 years, for example.
Real estate portfolios
In the fourth session, moderated by a member of the Endowments Committee in the Asharqia Chamber, Abdul Salam Al-Jaber, and titled (Investment Advice), Abdul-Rahman Al-Issa - interested in investing endowments - spoke about ideas and practices in endowment investment, where he said that the endowment was previously made up of only a real estate portfolio of diversified assets Real estate in several cities in the Kingdom, and in order to enter into new investment assets, work has been done to diversify the investment portfolio in the endowment, through which the risks are diversified, the returns increased, and liquidity is better provided for the endowment. Private equity, murabaha funds, and venture investment indicating that practices in endowment investing were in the form of real estate only, but now they are diversified.
Non-invested cash
The financial and investment advisor, Ayman bin Abdulaziz Abanami, said that real estate constitutes from 70% to 100% of the distribution of endowment portfolios in Saudi Arabia, indicating a large volume of uninvested cash liquidity.
Abanami talked about the objectives of investing in endowments, stressing that they lead to the growth and protection of capital, in addition to increasing the rate of annual distributions and returns, and raise the objectives of social investment, "public benefit."
Regarding the optimal size of investment in the endowment sector, Abanami indicated that many studies have proven the importance of diversification in investment, pointing to the study of Edwin Elton and Martin Geberer in a book produced under the title (Modern Portfolio Theory and Investment Analysis) that any increase in shares after 20 shares will not reduce the risks The portfolio is only 0.8%, and this means that the main advantage of diversification is eroding and almost decreasing at a certain point (20 shares), and the British investor Benjamin Graham in his book (The Smart Investor) believes that the ideal form of diversification is that the portfolio includes between 10 to 30 different shares. There is also a survey conducted in the year 2011, which showed that the funds invested in between 30 - 50 different shares perform better than the funds invested in 700 different shares.
Stock portfolio
Abanami said that there is no better investment path than others and there is no optimum size, but diversification is important and necessary, and excessive diversification weakens returns, and it is important to diversify between the four forms of investment (assets - stocks - company shares - liquidity), and about the importance of investment. Insecurities, Abanme said experts advise investing in 10 companies and up to 20 companies.
Diversification should not exceed 20 to 30 companies in large portfolios so that they do not lose the advantage of diversification in reducing risks and affecting returns, and diversifying within the stock portfolio between types of risks in terms of level, activity and geography, indicating that the top 10 university endowments in America have grown. Its assets increased by 5.3% during 2019, and in 2019 the endowment distributed 4.5% of its funds disbursed as financial aid to scholarship students, research priorities, and salaries.
The endowment investments defaulted
For his part, the certified accountant and valuer of the establishments, Azzam bin Omar Al Mufaddi, spoke about "the reasons for the faltering endowment investments" and identified them in ten reasons, stressing the importance of compatibility between representatives of the endowment and investment representatives, and the clarity of powers between the two parties.
Al-Mufadi pointed out that the main reason for stumbling is the completion of the purchase or investment deals without the help of experts and specialists. He noted the importance of appointing experts with practical and professional competence to take over the endowment investments, either through employment or with the help of expert houses.
Accordingly, Al-Mufadi believes that there is a need for a clear investment policy for the endowment, in terms of the form, size, activity and objectives of the endowment, and that the endowment policies should not conflict with investment policies in anything. In the absence of this policy, it leads to default.
Among the features of this policy is the lack of “cognitive bias among the investment decision-makers or the board of directors”. The stumbling block may come from not experimenting with new business models that adopt modern methods of investment, and that would be a cause of faltering.
Investment decision-makers
Al-Mufadi believes that the reasons for the faltering endowment investments are "confusion between the roles of studying investment opportunities and the investment decision and the investment broker." The mediator is the one who brings investment opportunities to the endowment in return for a wider commission, while the decision-maker is the investment committee or the board of directors, and it happens that someone plays more than one role. This leads to a conflict of interests and the absence of governance to take the decision, and the result is the investment project faltering.
Al-Mufadi believes that “the management of operational decisions in investments may follow a mechanism similar to the method of making operational decisions in the endowment, or its decisions are characterized by delays and lack of appropriate timing in a way that harms the interest of the investment, so defaulting occurs, hence the importance of clarity of a clear investment policy.
As for the sixth reason, it is - according to what is useful - it is the conflict of interests and the lack of independence or direct and indirect benefits of investment decision-makers or representatives of the endowment in investment .. while the seventh reason was identified as “restricting investments with terms and conditions that may lead to harm,” such as setting some peers Some restrictions on investment in order to protect it, but they may often harm the investment, such as requiring the endowment to agree to some decisions related to growth and expansion, borrowing, appointment, or others.
Joint investment
Al-Mufadi affirms that the eighth reason for stumbling comes from “confusion between the roles of the board of directors, the investment director, the representative of the endowment in the general assembly and the board of directors of the invested company.”
The ninth reason is considering a joint investment with others as part of the endowment departments, and linking operational and development investment decisions with the approval of the endowment council, while joint investment is an independent administration from the endowment and not from its administrations.
The tenth reason is that the representative of the endowment on the board of directors of the investing company is not an addition to the investment project or an obstacle to decisions, or does not understand the roles and responsibilities of the board of directors.
"The economy" the most prominent model of economic journalism in the Gulf in support of the Vision 2030
01/12/2020
Specialized academic study
"The economy" the most prominent model of economic journalism in the Gulf in support of the Vision 2030
A recent specialized academic study confirmed that the economic press played a major role in supporting the programs and activities of Vision 2030 launched by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, and the study titled "The Role of Economic Journalism in Supporting Vision 2030" examined a number of special topics In the economic press in general, it includes its tasks and requirements, as it focused on "Al-Eqtisad" magazine published by the Asharqia Chamber, in support of this vision that embodies and represents the ambition of the state and the people in Saudi Arabia.
The study presented to the Faculty of Arts at Imam Abdulrahman Al-Faisal University in Dammam was monitored and prepared by four students in the Department of Communication and Media Technology, namely "Abeer Al-Ghamdi, Ahwan Al-Asmari, Belqis Al-Ameri, and Shaima Al-Dayel", under the supervision of Dr. Majida Suleiman, and headed by Dr. Basma Al-Ghanim, Head of Communication and Media Department at The Faculty of Arts, the most prominent contributions of "Al-Eqtisad" magazine in the economic field, as researchers sought to learn about the role of economic journalism in supporting Vision 2030 during the time period from April 2016 to December 2019.
The researchers identified four sub-objectives of the study, which are: Monitoring the central ideas employed by the Saudi economic press in support of Vision 2030, analyzing the journalistic forms used by the economic press in support of the vision, uncovering the role of economic journalism in developing economic awareness of the goals of the vision, and evaluating the role of economic journalism in Draw the basic picture of the country's future and what it wants to reach within a specific period of time. All of this is applied to “Al-Eqtisad” magazine through analytical reading of the materials published in the magazine and monitoring its contribution to supporting the vision project.
The study reviewed the history of the magazine "Al-Eqtisad", noting that it is "the first magazine in the Gulf to focus its attention on the economy, presenting the news and explaining its dimensions to its readers, as it was able to be a voice for the Saudi economy in general, and for the business sector in the eastern region in particular, and it is the first to adopt development The economic development with regard to oil, and it continued its development as it adopted development plans for Vision 2030, explaining that it has completed more than 50 years in its journalistic career full of accomplishments until it became a reference for what is going on in terms of events, facts and economic situations in the Kingdom, and this is what prompts us to return to its ancient history and learn about details ".
The study reviewed the history of "Al-Eqtisad" magazine and said that it "did not stop developing year after year, because, with the emergence of media pens in the world of economic journalism, and the development of the printing arts, developments occurred in them, whether in terms of production on the cover page or in its internal pages," as well as the many developments. In the content, which was presented in both Arabic and English in all issues, before the Chamber issued a magazine specialized in economics in English under the name "Saudi Commerce", where "the magazine provided a vision on the various aspects of trade, industry, economy, and business with analyzes and comments from experts to understand the current developments in the economy Saudi from its correct perspective.
Leaps behind the leaps witnessed by the "economy" that proved its worth and success in the economic journalistic field and its ability to continue the tender praised by senior officials in all the Arab Gulf states. "It was able to be the first destination for economic media by providing honest press materials and its commitment to professionalism free from publicity, being It is issued by an economic entity with a long history, the Asharqia Chamber. "
The researchers reviewed the names of those who succeeded in working for the magazine as editors-in-chief or journalists and concluded by saying that “the ancient economics magazine has proven it's worth despite the progress of years and the continuous change in the staff. It has taken root in specialized economic media and has not lost its luster, despite the passage of more than 50 years since Its issuance and specialization in the economic field, and it kept pace with all economic events inside and outside the Kingdom, and documented the life of the Saudi citizen through the various professions that he had made over the past years of trade, industry, and agriculture, as well as the maritime professions for which the eastern region was famous "until it became the main reference for the economy in the Kingdom.".
The study reviewed all the features of the vision, its objectives, programs, and the mechanism of action to achieve those goals, and its achievements, starting from April 2016 on various economic, cultural and social levels to present the contribution of "the economy" in supporting this vision that embodies and represents the ambition of the state and the people in Saudi Arabia, affirming that "the economic press was Supporting this vision since its inception, as it has disseminated information and events to all members of society about the vision and the plans it seeks to implement and achieve its goals, and whenever a goal of the vision is achieved, the specialized Saudi economic press or the economic sections in public newspapers compete to publish this achieved goal in the form of news or Reports, articles, etc. ".
The study stated that economic newspapers have an active role in activating and achieving Vision 2030 in terms of publishing their development plans and economic reforms, introducing the National Transformation Program, and their endeavor to urge segments of society to contribute to the activation of these plans and programs aimed at the advancement of the Kingdom. Based on these data, the study reviews the analytical results of the articles published in "Al-Iqtisad" to confirm in detail, numbers, names, and addresses the extent of these materials are consistent with the vision, its objectives, programs, and plans.
The study presented a large number of articles with the names of its book and the numbers published in it, and it monitored all the proposals raised by the magazine “Al-Eqtisad” in support of the 2030 Vision project and concluded by saying that “Economy” as a model for Saudi economic journalism supported the Kingdom’s vision by explaining and explaining the events and development of the vision. It also supported the vision with encouragement. And motivating and providing information about the executive projects proposed by the Kingdom within Vision 2030, such as the NEOM project, and it also dealt with the contents of the vision through opinion materials, cartoons, and others, and contributed to drawing the future picture of the vision.
The study recommended the necessity and importance of providing the magazine “Al-Eqtisad” and selling it in the market, and increasing reliance on the numbers published in it because it proves the correctness and ability of the Kingdom’s performance under Vision 2030.
The Prince of the Eastern Province opens the activities of the Awqaf Forum with the participation of local and international experts
29/11/2020
Asharqia Chamber launches it under the slogan "Return from Investment on Endowments"
The Prince of the Eastern Province opens the activities of the Awqaf Forum with the participation of local and international experts
His Royal Highness, Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, will inaugurate, Monday, November 30, 2020, the activities of the Awqaf Forum, which is organized by the Asharqia Chamber through visual communication technology in strategic partnership with the General Authority of Endowments, and comes under the slogan (Return on Investment on Endowments).
The forum reviews, through five dialogue sessions, best practices in relevant topics to increase the return on investment in the endowment sector, enhance the rent for the endowment sector and raise the efficiency of the endowment effect, as well as how to achieve the quality of services.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the state is moving within the framework of the goals of the 2030 vision to a new era of the prosperous and diversified economy by emphasizing the importance of the private sector and the roles it can play in building a competitive endowment sector, either by transferring its expertise to it or by establishing new endowments that will support the national economy and cover a wide range of society's needs.
He pointed out that endowments need more ideas about increasing their volume and returns and diversifying their trends, in order for this wealthy sector to achieve tangible participation in the gross domestic product, stressing that this forum aims to contribute to correcting the investment path of endowments and to introduce innovative practices towards new and modern methods of increasing returns to invest in endowments.
Al-Khalidi explained that the forum, which is launched under the slogan of return from investment on endowments, comes as an extension and continuation of the role that the Chamber plays in enriching the endowment field in the Eastern Region and providing its pioneers with new practices and pioneering experiences in achieving its sustainability, hoping that the forum will come out with new proposals that support the 2030 vision regarding the endowment sector He pointed out that the forum constitutes a serious opportunity to benefit from the presentation of specialized working papers in the Gulf, Arab and international framework, as well as being an opportunity to learn about strategies that have proven effective in achieving the sustainability of endowments.
For this part, the head of the Endowments Committee, Ayed Al-Qahtani, said that today, in the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and his Crown Prince, Mohammed bin Salman - may God preserve them - we are witnessing great interest and an expanded movement towards rediscovering the waqf sector by addressing its operational and organizational challenges and legislative legislation to be a correct figure in the national economy, pointing out that this interest calls for the importance of work and participation among all public, private and charitable sectors in providing everything that would contribute to diversifying and renewing endowment banks and raising the efficiency of their investment of funds and enabling them to employ good employment to truly express the size of the Saudi economy It contributes to the development of other sectors besides religious and social needs.
Al-Qahtani explained that the forum will discuss a set of axes related to investing in endowments, which are represented in the investment decision-making compass, successful strategic shifts and their impact on return on investment, developmental prospects for return on investment, as well as governance in investment, as well as providing a package of investment advice in Endowments, saying that the importance of this forum lies in the fact that it seeks to shed light on the various aspects of upgrading the endowment sector in the Kingdom and anticipate its roles and future in accordance with the best endowment practices in light of the current economic development requirements.
Wise leadership views women as an indispensable human wealth
26/11/2020
The sixth edition of the Women’s Economic Forum was sponsored by His Highness Prince of Eastern region
Wise leadership views women as an indispensable human wealth
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, sponsored, via video call from his office at the emirate’s court, today (Wednesday) the sixth edition of the Women’s Economic Forum, which is being held under the title “Empowerment and Ambition,” with wide participation of officials and experts from the Kingdom and the Gulf countries.
At the outset of his speech, His Highness praised the empowerment decisions approved by the leadership to support women from the inception of the Kingdom until the era of the Custodian of the Two Holy Mosques - may God preserve him - who witnessed in his prosperous era a number of important decisions in this, indicating that women are an indispensable human wealth, and they are a principal partner In the process of development, and it has a lot to offer to society, and the state has prepared a number of supportive initiatives and programs, indicating that the Kingdom is full of promising opportunities, and seizing them requires complementary action that stems from a deep belief that national energies are capable of making change, investing all opportunities, removing obstacles and obstacles that Entrepreneurs and entrepreneurs object, stressing that the recent summit of Twenty is a testament to the vast opportunities in the Kingdom, and it is everyone's duty to take advantage of this and draw inspiration from successful experiences, work for the growth and prosperity of our country, invest all energies, consolidate the gains that have been made, and go towards horizons. New to achieve the vision of the Kingdom and its executive programs, concluding that the forum relies on it to come up with fundamental recommendations that serve businesswomen and transfer women's participation in the business sector to broader horizons. And it contributes to building a unique experience for women in this sector.
Gulf women ... a permanent presence and continuous giving
In her turn, Her Excellency the Minister of Community Development in the United Arab Emirates / Hessa bint Issa Bu Hamid said that everyone is aware of the depth of fraternal relations between the United Arab Emirates and the Kingdom of Saudi Arabia and that we are proud and honored, as we are bound by ancient historical ties, reinforced by ties of blood, heritage and a common destiny The leaderships of the two countries are keen to consolidate these relations and infuse them in the memory of successive generations.
She added, "We are meeting today, a few days after the virtual G20 leaders summit, hosted by the Kingdom with confidence, the forward-looking vision for the world’s future, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, may God protect him, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, participated in it. The State is the Prime Minister and Ruler of Dubai, may God protect him. The "G20" is the largest global economic platform and is attended by all major international organizations, where the world unites around it to confront and overcome common challenges, and it is proof of the leadership of the global development role of the Kingdom of Saudi Arabia and the State of the United Arab Emirates As they always share the advance and will to support all joint international initiatives, policies and projects that guarantee building a sustainable future for future generations.
Her Excellency praised the Kingdom's continuous support for women, which was reflected in the level of their presence locally and internationally, saying: “We value and appreciate the Kingdom and its leadership, its wise and sound vision, and its continuous and increasing support for Saudi women, which prove every day their presence and distinction in various areas of development. The vision of the Kingdom’s leadership, may God protect it, can make a difference in the lives of Saudi, Gulf, and Arab women in general, leading to achievements that enhance the presence of women, support family stability, and achieve greater success for society within the framework of the economic and developmental presence of women on the largest scale.
On the reality of women in the United Arab Emirates, she said: “The United Arab Emirates, the sister of the Kingdom of Saudi Arabia, is living an exceptional reality by empowering women and investing their gifts in the home and family, work and production. The role of men is important, and of course, it is not surpassed by it .. both of them walk side by side on the path of sustainable development .. and whoever follows the path will arrive. "
Continuous successes for Saudi women
For his part, Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said: “Our country has witnessed an integrated series of reforms and development towards a promising future for Saudi women, following in the footsteps of the founder - may God have mercy on him - right up to the era of my master, the Custodian of the Two Holy Mosques and his trustworthy Crown Prince - may God protect them. - In which Saudi women have received a lot of attention, care, and appreciation, which contributed to enhancing their position and assuming a place worthy of them and their capabilities in various fields, and to achieve successes at the national and international levels, and confirm their role in accelerating the steps towards achieving the goals and aspirations of the vision .. noting the great success that The Kingdom achieved this achievement in hosting the largest annual summit of the leaders of the world's largest economies and influencing the international scene, and the empowerment of women was one of its main axes. Al-Khalidi pointed out that the Kingdom's 2030 vision allowed women to fully participate in the labor market, and proceeded to develop their talents and invest their energies and enabled them to obtain The appropriate opportunities to build its future and contribute to the development of its society and the economy of its country, and focused on giving it a large share of empowerment and equity to enhance its role All levels.
For Saudi women and equal opportunities
As for the member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, she referred to the speech of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz at the opening of the G20 summit chaired by the Kingdom, which placed women's empowerment initiatives among its priorities, as God preserving him stressed the need to work to provide opportunities for all, especially For women and youth to enhance their role in society and the labor market, through education, training, job creation, support for entrepreneurs, enhancing financial inclusion, and bridging digital gaps between individuals. Emphasizing that this is the main goal of the (Women Economic Forum 2020), which has been organized by the Asharqia Chamber since 2008, and Al-Turki added that the slogan of the forum this year is (empowerment and ambition), it came to emphasize the achievements and gains that Saudi women have enjoyed in this auspicious era until the proportions of Their participation in the labor market ranges from 17% to 31% .. explaining that the Kingdom is following a clear vision of contours and steps, and has set up a set of economic and social programs to promote equal opportunities for the sexes and support inclusion in the labor market, financial and technical inclusion and in entrepreneurship. Consecutive achievements and successive gains, the last of which was her participation in distinguished positions in the Saudi Secretariat of the G20 and the working groups participating in the summit that concluded days ago, and here she is actively participating in various sectors from education and sports to the judiciary and the military sectors to reach positions and higher leadership positions.
The first session: Gulf officials and experts praise the experience of empowering Saudi women
In the first session of the sixth edition of the Saudi Women Forum, which was moderated by the broadcaster at Al Arabiya channel, Khaled bin Ahmed Madkhali, and titled (Leaders ’appreciation of the importance of the role of women economically and socially and plans to empower them), the Minister of Community Development in the United Arab Emirates, Her Excellency Hessa Bint Issa Bu Hamid, that women at the Gulf level are witnessing great empowerment at all political, economic and social levels, and that this empowerment in particular that Saudi women are experiencing promises to leave a luminous imprint in the records of the revival of their homeland, indicating the importance of the role of women economically and socially and the need to develop appropriate plans to empower them, as women are half of society And its energy is a catalyst for all society.
Achieving gender balance
Buhumaid referred to the Emirati experience in empowering women, saying that it was an experience that went beyond the stage of searching for solutions to eliminate discrimination between men and women, to the stage of actually achieving gender balance, to the stage of empowerment and beyond, stressing that this was achieved in light of a legislative environment that provides women with participation. And influence and achievement in all job opportunities and economic activities, based on the criteria of competence, competition, and excellence only ... and that is what is determined and approved by the Emirates Council for Gender Balance.
Buhumaid went on to say that this fact is shown by many decisions, such as a decision that women constitute 50% of the members of the Federal National Council in the UAE, and a decision to allocate 9 ministerial positions within the Cabinet currently for women, equivalent to one-third of the members of the Council of Ministers.
Efforts of Emirati institutions.
Buhumaid pointed to the efforts of the UAE government institutions to empower women, noting that more than 66% is the share of Emirati women in government sector jobs and that today they occupy 33% in senior leadership positions related to decision-making at the state level, and 8 ambassadors are representing the UAE. Abroad, and 42 Emirati women in the diplomatic corps in the missions of the Ministry of Foreign Affairs and International Cooperation, and about 7 women out of the total of 10 diplomats in the UAE mission to the United Nations, and females constitute 32% of the total applicants for the Emirates Astronaut Program in its second phase, i.e. a total of 1,400 Emirati girls, and it opens the door to new expectations and aspirations for the daughter of the UAE to be the first Arab astronaut soon.
Golden age
For her part, the President of Princess Noura Bint Abdul Rahman University, Prof. Enas bint Suleiman Al-Issa, on the empowerment of Saudi women, and what they reached during the era of the Custodian of the Two Holy Mosques and the Crown Prince of the Secretary in the framework of reaching the goals of the 2030 vision AD, saying that we are now living in the golden age in light of the vision that I considered the largest historical turning point aimed at raising awareness of the importance of women's work, training and leadership guidance For female cadres, empowering women in the civil service, and women nationalization in general.
Continuous increase in various sectors.
Al-Issa pointed out that the percentage of females is constantly increasing in various sectors, such as Saudi schools, in which the percentage of females has now reached about 54%, and that the percentage of female graduates from universities annually is about 57%, and it has reached 45%. And 43% of the scholarship students are females, as well as what Saudi women have achieved in the health sector. As the number of Saudi female workers in the health sector became about 39.4%, and also what they achieved at the level of the labor market, the rate of Saudi women's participation in the labor market rose in 2019 to about 23% and the highest growth rate in the G20 countries by 7%. Saudi women entrepreneurs to 31.6%, with a growth rate of 47%.
Empowerment paths
Bashayer bint Youssef Al-Majed, assistant professor of law at the Faculty of Law at Kuwait University, said that she is proud of what Saudi Arabia is witnessing of the pathways for Saudi women's empowerment and that promoting Saudi women's empowerment affects positive empowerment paths in all Gulf countries, especially Kuwait, noting To the Kuwaiti experience in empowering women, saying: It is a decades-long experience that approved the Kuwaiti constitution in 1961 through Article 7 that called for equality, and that in 2006 women obtained their political rights, and that the state is trying concerning women in line with the principles of human rights. That women are an integral part of human rights principles.
Al-Majed said that in light of the decline that Kuwaiti women have witnessed in terms of political participation, which is because women by their nature vote for affiliation, whether geographically, regionally, family or heart, so women are like men in the political participation process where voting for the fittest, regardless of gender, is male or female. There is great progress and achievement to be counted on for Kuwaiti women to reach the judiciary by installing the first female judge in Kuwait.
The second session
Vice Dean for Empowerment of Women: The National Policy System for Non-discrimination Soon
The Undersecretary of the Ministry of Human Resources and Social Development for the Empowerment of Women, Hind bint Khalid Al Zahid, confirmed the imminent issuance of the National Policy for Non-Discrimination, which guarantees more equality and protection for women and other discrimination that hinders the development of societies.
During the second session of the Women’s Economic Forum 2020, which was moderated by the Vice President of the Businesswomen’s Council at the Asharqia Chamber, Dina bint Abdullah Al-Faris, Zahid said that the new national policy will be implemented through inspectors.
Al-Zahid indicated that the wise leadership, to support and empower women, worked to renew the legislative and regulatory environment for women's work, so that it became greater than hoped, and we in the ministry and through our strategy work on several axes linked to different programs that measure the level of performance in the issue of empowering women, pointing to The reality is still in the growth stage and we need some qualified cadres, but at the same time, we have ready cadres and need only legislation that qualifies them to work.
Zahid said that women do not need training, as they possess the knowledge and skill and need only to have faith in them and their capabilities, in addition to their involvement in work to obtain good training on the job, explaining that the agency is working to update legislation and explore the gender gap, to reach an inclusive environment that achieves reach Women to leadership positions.
For her part, the CEO of Samba Financial Group, Rania Bint Mahmoud Nashar, confirmed that several initiatives launched by the state, may God protect her, have given women a real opportunity to engage in the field of work and creativity in it, and you have issued incentives and controls to provide nurseries for childcare and the anti-harassment system, which encouraged the private sector To support their work team with female cadres.
Nashar said that scientific competence and skill are the main factors that ensure the presence of women in the field of work.
Nashar pointed out that the rate of women's participation in the G20 summit, which was held hypothetically recently under the leadership of the Kingdom, reached 33.8 percent, which is the highest in the history of the G20, and this move would not have been recorded had it not been for the leadership's support for the issue of empowering women.
Nashar pointed to several challenges that women face within private sector companies and institutions despite the existence of a system and paths that support the female cadre, saying that women need to increase confidence in themselves and their abilities and put them on paths that qualify them for the launch towards leadership positions.
Vice President of Human Resources at Saudi Aramco, Nabil bin Khalid Al-Dabal, said that the company has a long history of providing support to women by empowering them and providing programs that aim to develop their skills and develop their capabilities to achieve better results in the field of work alongside men, stressing that the company has about 250 petroleum engineers. Saudi Arabia is one of the best female engineers in the world and the number is increasing.
Al-Dabal said that the company is continuing to send female employees to the best training programs in the world, whether inside or outside the Kingdom, to work to prepare them to assume global leadership positions, and we have female colleagues who hold leadership positions in our companies around the world.
And Al-Dabal stated that the company, through its support for women empowerment programs, adopt tools that explore female personalities who possess leadership qualities according to specific standards and metrics present within the various departments in the company in preparation for refining their talents and characteristics and preparing them after enrolling in the training programs to hold senior positions.
For her part, partner at KPMG Al-Fawzan and Partners, Kholoud Bint Adnan Musa, said that international studies indicate that the presence of women in the board of directors will give innovative solutions to the problems and challenges faced by boards of directors, pointing out that women have the expertise and skills that boards of directors need.
In the third session
Advocacy to improve the quality of life through culture, entertainment, and tourism
In the third session entitled "Quality of Life Programs 2020 and their Economic Effects on Women", moderated by a member of the Board of Directors of the Asharqia Chamber Al-Anoud Bint Tawfiq Al-Ramah, in which the Executive Vice President and Director of the Strategy Sector in the Quality of Life Program, Eng. Meshaal Al-Rasheed, and Head of the National Partnerships and Development Sector At the Ministry of Culture Noha Bint Saeed Qattan, Executive Director of Strategy and Vision Realization Office at the General Entertainment Authority Ali bin Muhammad Al-Omari, Executive Director of the Business Sector at the Tourism Development Fund and Wahdan bin Sulaiman Al-Qadi, and Head of Governance, Risks, and Compliance at The Red Sea Development Company - one of the investment fund projects General Dr. Maryam Bint Ali Fecchlo.
Meshaal Al-Rasheed said that the quality of life program is a different concept around it globally, and international indicators see that quality includes everything in life, from the social system, culture, health, education, etc., and we have many promising sectors related to the quality of life, such as culture in its broad sense, entertainment, tourism, and recreation. And sports, and we are looking for the private sector to invest more in these events, and we are looking for innovative and pioneering elements in areas related to the quality of life, as it is decided to increase the number of entertainment places and increase activities, and we find that the best way to help us to achieve this is to open investment fields, through which these are achieved Results.
As for Al-Omari, he stressed that entertainment is a necessity because it is one of the requirements for the development of societies and provides economic and social outputs and investment opportunities that represent a need for any society, and we find that the Kingdom is eligible for more projects in this aspect, and we look forward to spreading a high-level community culture in this regard. There are 20 fields related to entertainment and tourism, and we are looking forward to developing the human cadre working in these fields, and to transform them into promising investment sectors.
As for Wahdan Al-Qadi, she talked about legislation and initiatives to support tourism, stressing in this regard the keenness to create opportunities and tourist areas that support each other, and work to facilitate procedures, and our goal in that is to attract more domestic and foreign tourists, and raise the level of tourism in the domestic product from 3% to 10% Among the initiatives is the launch of the Tourism Development Board and the Tourism Development Fund, both of which support this trend.
Fourth session: Everyone must start implementing the recommendations of the G20 to achieve development
In the fourth session entitled "Women and Business at the Twenty Summit", the Program Director at the Al Nahda Women's Charitable Society and Sherpa spoke about the Saudi Women’s Communication Group W20 Salma Bint Rashid Al-Rashed about the importance of achieving an impact on Saudi women, as we were keen to reflect what we discussed in our meetings with the group. Business in the world continues to develop the potential of women and work to empower them.
Al-Rashed said during the session moderated by a member of the board of directors of the Asharqia Chamber, Nouf bint Abdulaziz Al-Turki, that we in the communication group held a series of national dialogues within the Kingdom in which we participated in the civil society and the private sector in different regions and in which 100 specialists and specialists participated, as well as 700 interested and interested parties.
Al-Rashed indicated that these dialogues came out with recommendations on the axes discussed by the Group of Twenty, but from a Saudi perspective that is in line with the Kingdom's vision 2030 and is moving towards achieving the sustainable development goals.
Al-Rashed said: We hope companies and entities will take the recommendations of the G20 and turn them into national plans, noting that everyone must work to achieve these recommendations on the ground, whether it is companies, civil society or the person himself, and they can start by asking how I can implement the recommendations To achieve development and raise the level of empowerment.
For his part, the Secretary-General of the Gulf Petrochemicals and Chemicals Federation and Sherpa, the Saudi Business Continuity Group B20, Dr. Abdul Wahab bin Abdul Razzaq Al-Saadoun, said that the G20 came up with recommendations for applicable policies following the main axes of empowering people and raising the challenges that hinder the steps of women moving towards leadership positions, and bridging the gap Digital, indicating some challenges facing the female business sector. In the case of women’s ownership of companies and institutions, studies have shown that the percentage of women’s ownership of enterprises reaches 28 percent, which is weak compared to men. Besides, 750 female entrepreneurs suffer from the treatment of financial institutions that do not take their requests seriously. It adopts its request for funding concerning men, and this is what makes it necessary for us to work to address these problems, as the gap is still in favor of men, pointing out that it takes 257 years to reach a situation in which there is equal opportunity and wages if we do not start work from now.
Al Bawardi: My father gave me the education, and I was not born with a gold spoon in my mouth
25/11/2020
Within the "My Experience" program in the Asharqia Chamber:
Al Bawardi: My father gave me the education, and I was not born with a gold spoon in my mouth
A member of the Shura Council and a former member of the Board of Directors of the Asharqia Chamber, businessman Khalid bin Muhammad Al-Bawardi, emphasized the importance of knowledge, judgment of reason, work according to capabilities, and humility in addition to observing God Almighty in everything to ensure success in the business world .. noting that the future is different from The present, and the past will not return, so we must work according to our own capabilities.
Al-Bawardi added during the "My Experience" program organized by the Young Businessmen Council in the Asharqia Chamber yesterday evening (Tuesday 11/24/2020) that as a human being, he loves knowledge and learning, he did not create a gold spoon in his mouth, but rather an experience that his father was his first teacher. He bequeathed his "religiosity, knowledge and reputation" ... adding that his practical life began immediately after his graduation from King Fahd University of Petroleum and Minerals (formerly Petroleum and Minerals) in 1980, and his graduation was at eight at night so that his shift began on the second day at seven in the morning. He worked as a translator for him during the entry of Korean companies to work on projects in the country.
In the meeting moderated by Turki Al-Rajhi, a member of the council, Al-Bawardi went on to say that the first job he worked in was a translation, as he worked on the telex, which is a transmission technique that precedes fax, which is a new process for him in those times, and it was a step after which computers were introduced In the company, he was the one who followed this step, which led to the transfer of the company to a wider world, but gradually.
In this regard, Al-Bawardi says: “If we talked about hardship, I - and the children of my generation - did not know the hardship that the early adopters, like the father and his generation, suffered from, for they have the precedence and superiority in everything. To the commercial centers in Makkah Al-Mukarramah and Al-Ahsa, as there were no ports or buses at the time, but rather transport was carried out by camels, and each journey took 18 days. The end of work, which starts from early in the morning until sunset, and no one complains about the lack of time, and this is what I witnessed and went through throughout my career. "
He reviewed some of the features of his father’s suffering, and their results were transmitted to him, saying that his father worked in trade in the forties and after entering the buses, he abandoned camels and moved passengers from outside Riyadh into him, and the roads were not paved, so the buses were broken and the company closed, and in the fifties, it was established. The "Canada Dry" Refreshments Corporation, which is the company that included the most well-known brand names, including Al-Rajhi, Al-Mojil, Al-Gosaibi, Al-Subaie, and others, formed a board of directors that did not meet once. The land that was purchased for 4 riyals was sold for 350 riyals.
It is noteworthy that in the sixties the company started importing household items from Italy, such as refrigerators and air conditioners (including Antar air conditioner), and televisions (the price was 2000 riyals, five people gathered to buy it), and this matter continued until the 1970s when Japanese goods entered as a competitor to hardship, so our trade in this stopped This is in addition to the trade-in iron and wood. Iron from India and wood from Austria via Beirut are emptied at the port of Khobar (as there was no port in the region in the sense of the word), and it was emptied manually, the cost increased according to the tides.
After he practically joined with his father, and the activities mentioned, he found himself in the best activity that he considered closest to his heart, which is the "aluminum smelter" which he personally supervised during the nineties, but he considered it one of the successful and failed experiences at the same time, as he says about him: He used to work with electricity and the tariff was in five-cent, which rose to 15 cents, which led to an increase in costs, so the switch was made to diesel, whose cost increased, and a liter became 15 cents after it was 12 cent. Environmentally friendly, then we went to crude oil, so the factory went as best as possible, and 98.5% of its production was for export to foreign markets, and its most prominent customers are Mercedes, Flex-Wag, and Mazda. Work continued until it stopped due to circumstances and the difficulty of importing returned aluminum.
The dialogue moved to talk about personal experiences and passing them on to new generations of entrepreneurs and entrepreneurs. Al-Bawardi said: “We should all focus on our strengths. Each one of us should base his success on the fundamentals of his country, "explaining that crises and challenges continue for everyone on the ground. The company went through crises in 83, 87, 92, and 2001, 2016, and each crisis has its own circumstances and the results can be concluded. One should be appalled, and at the same time, he does not expect that a crisis will solve itself by itself. What is required of every businessman is to realize the problem and search for the necessary solutions to it. "
Al-Bawardi stressed that success at the present time is to follow the programs of the Kingdom's Vision 2030 and not to tweet out of the flock, because the past will not return, and the market today is different from the market yesterday, so today we do not look to protect and work without competition, for this language has ended.
In this regard, he pointed out that problems and challenges are the destiny of life, and we have to read and increase the area of knowledge and learn from experiences, on the basis that the economic rules now recognized are the same in the former, but their formulations have changed, so what has changed is the term, but the basis remains As it is, and we have seen many investors worked in trade, then they moved to real estate, than stocks, and then returned to the property in a different way, so whoever has the ability to diversify avoids many problems, each sector raises the other, and with time ambition increases, and haste and arrogance occur What is required here are planning and permanent learning, and according to the father’s expression that he would have wished he had a built environment, the first was to work in it, and the second to learn through it. ”He noted the necessity for the reading and learning pattern to follow a comparative reading method. In the local domain only, but in the Gulf, Arab and international domains,
Al-Bawardi points out that within his many participations in a number of boards of directors he saw some differences between the members, as there are the aspirant, the silent, the dreamer and the quarrelsome, and each one offers his experience, and each member should benefit from the experiences of others, and all the wrong decisions only came as a result of lack of coordination between members.
On the principle of partnership with foreign investors, Al-Bawardi said: "A good step is to be achieved through which the transfer of expertise and technology is achieved, and we have in the experience of the deposit zone in King Abdulaziz Port in Dammam, where we imported devices from 4 international companies and we were able to succeed in a remarkable way. It should be completed and stopped, but the process should evolve and not stop. For example, our dependence on computers, is it correct to remain on the systems of the eighties and nineties ?!
And about the human resources management in the company, he said: I am looking for tender and enthusiasm, so you cannot dispense with the employees, even if you import the latest systems, perhaps here I remember the story of a security guard I saw in the Asharqia room, he asked me to mediate for him to change his daily shift in order to continue his studies. In the intermediate stage, I asked the company's resource department if they had a job for him, so he was contacted and he came to the position of a technical worker, headed five workers, and finished the middle, secondary, and university levels, and became an official in the company, then he resigned and he is now working for a prestigious company in Riyadh, This leads us to say that Saudization is not a problem. Rather, it is our problem. Saudization will take place if we continue with economic growth and multiple projects and businesses.
Regarding the values that the entrepreneur needs, he said that he must observe God in everything, fulfill the rights that entail him, know his capabilities and act according to them, rule the mind in everything, not arrogance, humility and work in everything as long as he gives him to experience.
The Prince of the Eastern Province sponsors Wednesday the Women’s Economic Forum 2020
24/11/2020
Organized by Asharqia Chamber through video communication
The Prince of the Eastern Province sponsors Wednesday the Women’s Economic Forum 2020
Gulf officials and experts review the leadership’s assessment of the importance and role of women economically and socially and plan to empower them
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, on Wednesday (November 25, 2020), sponsors the activities of the sixth edition of the "Women Economic Forum 2020" organized by the Asharqia Chamber, under the title "Empowerment and Ambition", at 10:30 am through visual communication technology.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the patronage of His Highness the Governor of the Eastern Province, stressing that it represents the great support for the initiatives of the women’s business sector in the region, pointing to His Highness’s keenness to support the Chamber’s programs and activities directed to this sector.
Al-Khalidi explained that the forum comes at a time when women continued to record successes in the field of work, following the confidence and support they found from the wise leadership, which contributed to increasing their participation in national development.
A member of the Board of Directors of the Asharqia Chamber Al-Anoud Bint Tawfiq Al-Ramah explained that the forum - with the distinguished participation of a number of officials, experts and specialists (of both sexes) - discusses important axes directly related to the most prominent decisions and recommendations aimed at empowering Saudi women and taking care of their right to obtain appropriate opportunities that are appropriate. With the required specializations, to contribute to the development of the local community and the national economy. While the member of the board of directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki indicated that the forum, through its sessions, reviews success experiences and development plans in the countries of the Gulf Cooperation Council to extract lessons learned from previous experiences in this field.
The forum will hold four dialogue sessions, in which the first session will discuss the issue of “leaders’ appreciation of the importance of women's economic and social role and their empowerment plans, ”during which Minister of Community Development in the United Arab Emirates Hessa bint Issa Bu Hamid talks about“ the experience of empowering women in the country and their future aspirations. ” While the President of Princess Noura bint Abdul Rahman University, Dr. Enas bint Sulaiman Al-Issa, reviews "the most prominent features of leadership support for the Saudi women's empowerment process," while Assistant Professor of Law at the College of Law at Kuwait University, Dr. Bashayer Bint Yusuf Al-Majed, talks about "the march to support and empower women in the State of Kuwait.
As for the second session, which is held under the title “Women in Leadership Positions and Boards of Directors,” the CEO of Samba Financial Group, Rania Bint Mahmoud Nashar, talks about “the Kingdom's vision for the advancement of women and the importance of their presence in leadership positions,” while the Vice President of Human Resources at Saudi Aramco Nabil bin Khaled Al-Dabal "The effect of the presence of women in leadership positions in addition to reviewing the company's experience in the process of empowering women, while the Undersecretary of the Ministry of Human Resources and Social Development for the Empowerment of Women, Hind Bint Khalid Al-Zahid" reviews "Policies that Achieve Women's Empowerment and Progress Toward Gender Equality" touching on the role of the government sector and the sector Al-Khas, on the other hand, KPMG partner Al-Fawzan & Partners, Kholoud Bint Adnan Moussa, discusses the most prominent "challenges of having women in leadership positions and boards of directors."
In the third session entitled "Quality of Life Programs 2020 and their Economic Effects on Women", the CEO of the Quality of Life Program, Eng. Ahmed bin Hassan Badress, talks about "Promising Investment Sectors in Quality of Life Programs", followed by Head of the National Partnerships and Development Sector at the Ministry of Culture Noha Bint Saeed Qattan, who monitors "the impact of culture in stimulating diversified investments", on the other hand, the Executive Director of the Strategy and the Vision Realization Office at the General Entertainment Authority, Ali bin Muhammad Al-Omari, discusses "programs that attract investment in the entertainment industry," while the Executive Director of the business sector in the Tourism Development Fund discusses Wahdan bin Sulaiman Al-Qadi on the issue of "financing and stimulating investment in the tourism sector". The Head of Governance, Risk, and Compliance at the Red Sea Development Company - one of the projects of the Public Investment Fund - talks about the aspirations of the tourism sector in the Kingdom, "successful experiences."
As for the fourth and final session entitled "Women and Business at the G20 Summit", the Secretary-General of the Gulf Petrochemical and Chemical Federation and Sherpa will discuss the Saudi Business Continuity Group B20, Dr. Abdul-Wahab Bin Abdul Razzaq Al-Saadoun about "the Kingdom's leadership of the G20" as well as the director of programs at the Al-Nahda Women's Charitable Association And Sherpa, the Saudi Women’s Communication Group W20 Salma bint Rashid Al-Rashed, on empowering "women in business" and reviews the recommendations of the women's file.
Endowments Forum aims to correct the investment path of endowments and provide the latest methods of increasing returns
24/11/2020
Under the slogan return of investment on endowments
Endowments Forum aims to correct the investment path of endowments and provide the latest methods of increasing returns
Endowments Forum, organized by the Asharqia Chamber, represented by the Endowments Committee, and under the patronage of the Governor of the Eastern Region, His Royal Highness The Prince, «Saud bin Nayef bin Abdulaziz Al Saud», on Monday, November 30, 2020 AD, through visual communication technology, and through five continuous sessions, the best Practices in matters of concern to improve the endowment sector, such as contributing to the correction of the investment path of endowments, the latest methods of increasing the return on investment, ways to enhance the rents of the endowment sector, raise the efficiency of the endowment effect, increase the opportunities for self-sufficiency of those arrested and reduce the burden on the state.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the endowment represents a wealthy sector in the Kingdom, and today, under the support, care, and interest of the wise leadership there is wide mobility and tireless work from all parties and concerned parties to upgrade this sector and bring it to diversity Its channels and investments and redirecting it towards development needs and priorities, and that this forum, in which many speakers and specialists with local and international experiences participate, is a continuation of the Chamber’s plan to support the upgrading of the endowment sector and bring it to a promising future in light of the goals of Vision 2030.
Raises the forum, according to the Chairman of the Committee of Religious Endowments, «Ayed Al-Qahtani», a group of themes related to investment in endowments, and is the compass investment decision, strategic shifts and successful impact on the return on investment, and hobos development of return on investment, and also governance as well as investment offer a package of investment advice in endowments.
Al-Qahtani explained that, over the course of five sessions, the forum presents several comprehensive and comprehensive papers that try to reach a clear understanding of the issue of return on investment on endowments, such as tools for measuring the return on investment, how to establish an effective investment policy and adhere to it, and presenting experiences and models of community investment And other successful models in shifting from traditional investment to modern investment, in addition to other papers that will discuss the development of endowment investment returns, and entrances to calculating spending budgets in endowments, as well as ideas and practices in endowment investment and ways to diversify endowment portfolios and distribute risks, and finally, explain the reasons for faltering endowment investments.
Al-Houti: The lack of information is the most prominent factor in failure in small and medium-sized enterprises
24/11/2020
Al-Houti: The lack of information is the most prominent factor in failure in small and medium-sized enterprises
The counselor Abdullah bin Saeed Al-Houti emphasized the lack of information as one of the most prominent factors threatening small and medium-sized enterprises, among which there is a lack of planning and organization, and missed opportunities .. He noted that this reason was mentioned by a number of writers and international experts.
He said during a meeting entitled (Basics and Skills in Entrepreneurship) organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center on Tuesday 11/24/2020 that some enterprises may suffer from lack of knowledge in general and lead to negative results, and the lack of knowledge may be centered on how to manage Operation of the project, or deficiencies in dealing with others, which may coincide with weak financing and money management, rapid growth without control, or lack of strategic planning.
Al-Houti believes that among the factors that threaten small and medium-sized enterprises other than a lack of information - many, including weakness or lack of strategic planning, weak relations of solidarity with others, inability to face pressures, and imbalance of the entrepreneur himself,
He pointed out that the term entrepreneurship has several definitions, including “the process of creating a new type of organization with a qualitative bid,” or “the process of developing an existing enterprise and presenting it in an innovative manner by harnessing and seizing opportunities for development and quality,” except for the weakness of information and the consequences of that This goal is lost.
He mentioned that entrepreneurship contributes to raising the material level, achieving job satisfaction, and supporting the local production of goods and services and that the entrepreneur has several responsibilities, most notably "the constant search for resources, promoting creativity, preserving talent, creating new opportunities, and using technology in production."
And monitoring a number of the basics of entrepreneurship, including identifying the exact destination, paying attention to the exploitation of available resources, and being compatible with business needs.
"Self-employment" is an ideal option for transforming Saudi society from "consumption" to "productivity"
24/11/2020
A workshop organized by the "Asharqia Chamber" in cooperation with the "Social Development Bank"
"Self-employment" is an ideal option for transforming Saudi society from "consumption" to "productivity"
The Director of the Women's Department at the Social Development Bank, Fawzia Al-Qahtani, emphasized the importance of free economic work, as it is one of the most important means of combating unemployment, reducing the social and economic problems resulting from it, contributing to transforming society from a consumer society to a productive society, achieving sustainable development, and contributing to the manufacturing industry. Reducing the percentage of imports, supporting national exports, and reducing the economic burdens that the government bears in supporting members of society, all of which is explicitly adopted by the Kingdom's Vision 2030.
This came during a workshop organized by the Business Women Center in the Asharqia Chamber in cooperation with the Social Development Bank on Monday evening 11/23/2020, as she explained that self-employment is an activity that combines all available elements such as equipment, productive means, labor, and technological methods in the process of producing a good or service. Noting that there are benefits that this work achieves on the individual level, including independence in decision-making and freedom to work, in addition to profits, improvement of the social level, and then professional stability, in addition to the personal skills that the worker acquires in this field.
Despite all these advantages that characterize self-employment, the lecture pointed to several challenges that face the worker in this regard, including the various daily pressures, the ambiguity of the future, and the randomness that accompanies this type of project at the beginning.
It reviewed several factors required for an entrepreneur, who walks the path of free work, including the project's compatibility with desire, ability, and opportunity, and the idea of the project that meets a need, has a market, has a competitive advantage, and so on.
The Chairman of Asharqia Chamber: We are proud of the success of the summit and the exemplary performance of our country in managing it
23/11/2020
The Chairman of Asharqia Chamber: We are proud of the success of the summit and the exemplary performance of our country in managing it
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that we, as citizens and businessmen, are proud of this great success, and this exemplary performance for our country in managing the G20 summit, which our country managed from a distance, over a period of two full days efficiently and competently, in light of the pandemic conditions and what it imposed Of exceptional measures, our country was fortunate to the world’s attention, and though it led the leaders of the Group of Twenty to lay down a roadmap that addresses the crises of the present and foreshadows the prospects for a promising future for the entire world, extending its thanks and appreciation to the wise leadership - may God protect it - for what it offers for the sake of the elevation of our country and its high status among nations.
Al-Khalidi referred to the messages of reassurance sent by the shrine of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, through his speech to open the summit, saying: It is a word with patriarchal contents to the various peoples of the world, confirming on the one hand that the Kingdom is the country of humanity, which places the human being, his protection and empowerment. Providing his decent livelihood is a priority placed on the agenda of world leaders' work, and on the other hand, it came as a call to strengthen the idea of cooperation and solidarity between countries in facing the Corona pandemic, and to intensify efforts to overcome it and make it a thing of the past, and work to seize opportunities, and create global conditions to achieve a sustainable economy.
Al-Khalidi stressed that this summit represented a particularly great challenge that our country was able to pass and achieve success in its outputs to achieve the aspirations of the peoples of the world, pointing to the topics and axes it was based on of great importance to the whole world, such as empowering people and preserving the planet. Allowing more room in terms of technology innovation and technical progress.
The Women's Economic Forum 2020 monitors the policies and milestones of women's empowerment locally and in the Gulf region on Wednesday
23/11/2020
Organized by the Asharqia Chamber under the auspices of the Prince of the Eastern Province
The Women's Economic Forum 2020 monitors the policies and milestones of women's empowerment locally and in the Gulf region on Wednesday
The activities of the sixth edition of the "Women Economic Forum 2020", organized by the Asharqia Chamber, will be launched next Wednesday (25 November 2020), under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, under the title "Empowerment and Ambition", at 10:30 am via video call technology.
A member of the Board of Directors of the Asharqia Chamber Al-Anoud Bint Tawfiq Al-Ramah explained that the forum - with the distinguished participation of a number of officials, experts and specialists (of both sexes) - discusses important axes directly related to the most prominent decisions and recommendations aimed at empowering Saudi women and taking care of their right to obtain appropriate opportunities that are appropriate. With the required specializations, to contribute to the development of the local community and the national economy. While the member of the board of directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki indicated that the forum, through its sessions, reviews success experiences and development plans in the countries of the Gulf Cooperation Council to extract lessons learned from previous experiences in this field.
The forum will hold four dialogue sessions, in which the first session will discuss the issue of “leaders’ appreciation of the importance of women's economic and social role and their empowerment plans, ”during which Minister of Community Development in the United Arab Emirates Hessa bint Issa Bu Hamid talks about“ the experience of empowering women in the country and their future aspirations. ” While the President of Princess Noura bint Abdul Rahman University, Dr. Enas bint Sulaiman Al-Issa, reviews "the most prominent features of leadership support for the Saudi women's empowerment process," while Assistant Professor of Law at the College of Law at Kuwait University, Dr. Bashayer Bint Yusuf Al-Majed, talks about "the march to support and empower women in the State of Kuwait ".
As for the second session, which is held under the title “Women in Leadership Positions and Boards of Directors,” the CEO of Samba Financial Group, Rania Bint Mahmoud Nashar, talks about “the Kingdom's vision for the advancement of women and the importance of their presence in leadership positions,” while the Vice President of Human Resources at Saudi Aramco Nabil bin Khaled Al-Dabal "The effect of the presence of women in leadership positions in addition to reviewing the company's experience in the process of empowering women, while the Undersecretary of the Ministry of Human Resources and Social Development for the Empowerment of Women, Hind Bint Khalid Al-Zahid" reviews "Policies that Achieve Women's Empowerment and Progress Toward Gender Equality" touching on the role of the government sector and the sector Al-Khas, on the other hand, KPMG partner Al-Fawzan & Partners, Kholoud Bint Adnan Moussa, discusses the most prominent "challenges of having women in leadership positions and boards of directors."
In the third session entitled "Quality of Life Programs 2020 and their Economic Effects on Women", the CEO of the Quality of Life Program, Eng. Ahmed bin Hassan Badress, talks about "Promising Investment Sectors in Quality of Life Programs", followed by Head of the National Partnerships and Development Sector at the Ministry of Culture Noha Bint Saeed Qattan, who monitors "the impact of culture in stimulating diversified investments", on the other hand, the Executive Director of Strategy and the Vision Realization Office at the General Entertainment Authority, Ali bin Muhammad Al-Omari, discusses "programs that attract investment in the entertainment industry," while the Executive Director of the business sector in the Tourism Development Fund talks about Wahdan bin Sulaiman Al-Qadi on the issue of "financing and stimulating investment in the tourism sector". The Head of Governance, Risk, and Compliance at the Red Sea Development Company - one of the projects of the Public Investment Fund - talks about the aspirations of the tourism sector in the Kingdom, "successful experiences."
As for the fourth and final session entitled "Women and Business at the G20 Summit," the Secretary-General of the Gulf Petrochemicals and Chemicals Federation and Sherpa will discuss the Saudi Business Continuity Group B20, Dr. Abdul-Wahab Bin Abdul Razzaq Al-Saadoun about "the Kingdom's leadership of the G20" as well as the director of programs at Al-Nahda Women's Charitable Society. And Sherpa, the Saudi Women’s Communication Group W20 Salma bint Rashid Al-Rashed, on empowering "women in business" and reviews the recommendations of the women's file.
The Chairman of the Asharqia Chamber: The Kingdom leads the world tomorrow for a better global economy
22/11/2020
The Chairman of the Asharqia Chamber: The Kingdom leads the world tomorrow for a better global economy
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Kingdom leads the world tomorrow for a better global economy and that it confirms its leadership and position on the global level by launching the activities of the G20 summit on the next Saturday and Sunday from its soil, indicating that the current summit is proceeding according to data Contrasting with the emergence of the Corona pandemic and its negative effects on the movement of the global economy, which confirms the size of the responsibility that falls on the Kingdom to chair this summit to address the effects of the Corona crisis on the one hand and to highlight all issues of concern to the global economy on the other hand.
Al-Khalidi pointed to the great importance of this summit, in addition to the global situation resulting from the pandemic, it focuses on a number of axes of great importance to the entire world, such as empowering people through preparing a decent life for them, and preserving the planet by strengthening collective efforts to protect it. As well as opening the way to adopting bold strategies linked to innovation and technical progress.
Al-Khalidi stressed the pivotal role that the Kingdom plays in achieving global balance, economically or politically, due to its firm weight and a high global position, pointing out that the Kingdom is now under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and his trustworthy Crown Prince His Highness Royal Prince Mohammed bin Salman - may God protect them - constitutes an important figure in the international equation, and has become a destination for the world that inspires him with its pioneering experience in growth and development, expressing his pride and pride in the launch of the summit from the Kingdom, saying: We are all, as citizens and businessmen, proud of our country’s leadership of the G20 and its launch for the first time. From an Arab country, and we are fully confident in the ability of our governors to provide successful management of this year's summit, which has put on its agenda a number of issues that go beyond the local and regional frameworks.
Free consultations provided by the "hospitality and leisure" committee for operating establishments
18/11/2020
Within the direct services of the Asharqia Chamber
Free consultations provided by the "hospitality and leisure" committee for operating establishments
Yesterday, Wednesday (11/18/2020), the Hospitality and Leisure Committee initiative was launched in the Asharqia Chamber to provide free consultations to workers in events and entertainment activities, as part of the services it provides to workers in this promising sector, and as part of its interest and endeavor to achieve a better reality in this regard.
The Vice-Chairman and Chairman of the Committee Hamad bin Muhammad Al-Buali said that this initiative, which will continue until next Wednesday (11/25/2020), aims to identify the challenges facing workers in the events and entertainment sector and strive to develop appropriate solutions to these challenges and the mechanisms for their implementation, in preparation for To achieve better performance and higher results, in order to achieve the desired added value, represented by creating distinctive activities and entertainment, and opening horizons for investment and nationalization in the aforementioned sectors.
Al-Buali added that recreational activities and their related activities and programs aspire to a more prosperous reality in light of the great trend that the country is witnessing towards tourism, and domestic tourism in particular, which necessitates the creation of higher hospitality facilities and more distinctive events that reflect the reality in which the country is living, especially the eastern region. Which includes distinctive tourist and entertainment facilities, and has a suitable environment for many events.
He pointed out that in order to reach a better position in this regard, we must overcome a number of challenges facing workers and investors, and this is what the committee seeks by recruiting a number of experts and specialists to provide advice and appropriate solutions .. expressing his hope that this initiative will be successful, through Reaching effective solutions to the difficulties faced by workers in the field of events and entertainment.
Asharqia Chamber organizes a lecture on arbitration in commercial disputes
18/11/2020
Asharqia Chamber organizes a lecture on arbitration in commercial disputes
The Asharqia Chamber, represented by the Lawyers and Legal Consultants Committee, organized a lecture on Tuesday, November 17, 2020 AD, on arbitration in commercial disputes, arbitration agreements, the pillars of their validity, and the important aspects of their drafting. The Dean of the College of Law at Prince Muhammad bin Fahd University and Professor of Commercial Law, Dr. Muhammad Husayn Bashairah, and managed by the Chairman of the Lawyers and Legal Advisors Committee at the Chamber, Khalid bin Abdul Latif Al-Saleh.
Bashayrah said that arbitration is an independent legal system that begins with an agreement on arbitration and then the arbitration procedures. It is binding on the parties to the dispute, defining the arbitration agreement as a written agreement between two or more parties, provided that they refer to arbitration all or some specific disputes that have arisen or may arise between them in the matter of a relationship. Specific statutory provisions, whether contractual or non-contractual, whether the arbitration agreement is in the form of an arbitration clause contained in a contract or in the form of an independent arbitration stipulation.
Bashaireh indicated that the pillars of the validity of the arbitration are represented first in the written formulation, which is not required to be contained in one document signed by the two parties, but the writing is also achieved by exchanging regular or electronic messages or by referring to a document or model contract that includes the arbitration agreement or the agreement proven in the minutes of the judicial session. Secondly, in determining the dispute if it is existing, and thirdly, the capacity and the place of any dispute that accepts arbitration.
Bashaireh explained, the important aspects that are required to be met in drafting the arbitration agreement, such as determining the place of arbitration in international commercial arbitration, and the interpretation of the arbitration agreement, which is usually assuming that the intention of the parties is to refer to interrelated issues to one party, and includes the legal rules applicable to the dispute, as well as a set of The agreed rules, whether they are national law or not, noting that the arbitrator may be expressly authorized to reconcile and apply the rules of justice and fairness and that in the event of disagreement by the parties, the arbitrator applies the system he deems more relevant to the subject of the dispute.
Bashaireh talked about the arbitration committee and the extent of freedom enjoyed by the parties in choosing arbitrators and determining their conditions in accordance with the peremptory rules in the system, such as the individual number so that the arbitration is not invalid, eligibility, good conduct, and the absence of barriers to hearing the case stipulated in the pleading system, also reviewing the necessary duties of the arbitrator and the procedures Arbitration and the flexibility it requires, and the case for nullity of the arbitration award.
The Chairman of the Asharqia Chamber: The generous support of our king and his great attention to all details made the kingdom a global focal point
17/11/2020
On the occasion of the anniversary of the pledge of allegiance sixth
The Chairman of the Asharqia Chamber: The generous support of our king and his great attention to all details made the kingdom a global focal point
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud - may God protect him - on the occasion of the sixth anniversary of the blessed pledge, saying: (It is a precious memory for all of us, the sons of this generous nation, and we as a sector We renew our pledge of allegiance to our wise leadership and congratulate us and all citizens of this generous country with all the achievements made during its auspicious era), affirming that what the Kingdom has achieved during the past six years in which countries take tens of years, which was the result of the blessed by the Custodian of the Two Holy Mosques.
Al-Khalidi said that since our king came to power - may God prolong his life - and the country is witnessing a state of revival at various political, economic, and social levels, referring to the great civilizational renaissance that took place during his prosperous era, especially those related to the escalating economic situation - despite the challenges imposed by the Corona pandemic - Being based on solid foundations, solid rules, and paths that chose diversification and optimal exploitation of all the resources that the country possesses as a strategic goal for it, noting that his generous support and attention to all details, big and small, made the Kingdom a global focal point, where all eyes turn to it today. It is leading the G20 and everyone is watching its leadership and its escalating growth at all levels.
Al-Khalidi added that since the nation pledged allegiance to its leader and king, the Custodian of the Two Holy Mosques, development paths continue in various fields and the acceleration of development does not stop, stressing that - may God support him - since he took over the affairs of the country, he inaugurated a new era of serious work towards building a diversified and productive economy that relies on arms His sons and take sustainability as a goal to reach it, referring to the 2030 vision, and the many meanings and goals it embodies, the welfare of the Saudi citizen and the elevation of the Saudi state among nations.
Al-Khalidi went on to say: We pledge allegiance and continue our pledge to the wise leadership, and we pray to God Almighty for success in continuing to build and strengthen our dear kingdom on various levels.
Asharqia Chamber organizes a virtual seminar dealing with investment in oil and gas
17/11/2020
In cooperation with the British Trade Office
Asharqia Chamber organizes a virtual seminar dealing with investment in oil and gas
The Asharqia Chamber will organize, on November 24 and 25, in cooperation with the British Commercial Office, and in the presence of the British Ambassador to the Kingdom, "Neil Crompton", a remote seminar under the title Investment in Oil and Gas.
The two-day symposium will discuss opportunities for investments in the Kingdom's economic sectors, especially the energy sector, as well as review the paths and mechanisms of contracting with Saudi Aramco and define its program (IKTVA) and the pioneering role it plays in the localization of purchases and contracts and the development of small and medium enterprises.
The seminar will also review the most prominent drilling and production technologies in the oil and gas sectors, and other topics related to renewable energy projects and what the state aims to increase its share in renewable energy production to the maximum.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Chamber, in the framework of its mission of supporting and developing economic and development work for the business sector and acting as a platform to enhance communication opportunities, seeks through this symposium to enhance opportunities for creating a closer and comprehensive investment partnership between the private sector in both The Kingdom and Britain, especially in light of the prepared conditions supported by the close relations between the leaderships of the two countries, and the great developments taking place in the oil and gas sectors within the framework of the implementation of the Kingdom's Vision 2030, which makes the horizon unlimited for many investment opportunities that support our options towards sustainable economic and investment cooperation between the two countries.
The Prince of the Eastern Province sponsors the 2020 Awqaf Forum
17/11/2020
Organized by the Asharqia Chamber end of November
The Prince of the Eastern Province sponsors the 2020 Awqaf Forum
Under the patronage of the Prince of the Eastern Region, His Royal Highness the Prince «Saud bin Nayef bin Abdulaziz, Asharqia Chamber launches the Awqaf Forum 2020, which comes under the title (Return on Investment on Endowments), through visual communication technology, on Monday, November 30, and many speakers participate in it And specialists with academic experience and those interested in the endowment sector.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the public forum starts from several distinct axes, identifying the mechanisms of return on investment as a compass for decision-making, explaining successful strategic shifts and their impact on the return on investment, in addition to shedding light on the development prospects of return on Investment, governance applications and their role in achieving successful and sustainable endowment investments.
He pointed out that the forum has a strategic goal, which is to encourage the contribution of the business sector to social responsibility and community empowerment programs, as well as general goals, as discussing the most important challenges and practices through specialists monitoring the reality of endowments and their practices with the investment return and the mechanism for activating it as a measure of the effectiveness of the endowment and exchanging similar experiences and experiences on World level.
For this part, the head of the Endowments Committee, Ayed Al-Qahtani, said that the forum targets the leaders of endowment work and the non-profit sector, investment managers in endowments and non-profit organizations, as well as researchers and consultants specializing in investment and revenue development, and members of the endowment councils.
Al-Qahtani explained that, given the importance of the concept of return on investment on endowments, its scarcity as an objective measure of endowment investments, and the presence of distinct competencies that could contribute to strengthening and supporting the concept of return on investment internationally and internally for the endowment, this was a forum, which will contribute to correcting the investment path of endowments, It puts innovative and modern methods in front of the two tasks in the endowment sector, whether businessmen and women or workers in it, to increase the return on investment for endowments, enhance rent and raise the efficiency of its effects, achieve quality services for beneficiaries, increase opportunities for self-sufficiency for those arrested and reduce the burden on the state.
Qrunfleh: The environment is a crucial component in the growth of economic activities
16/11/2020
Qrunfleh:The environment is a crucial component in the growth of economic activities
The Dean of the Faculty of Engineering at the University of Authenticity, Dr. Muhammad Qurunfleh asserted that the environment remains the active element in the sustainability of many economic activities, such as tourism, agriculture, and human resources, and that is why it was one of the most important goals of the Kingdom's 2030 vision, which was stipulated in the third item of the National Transformation Program of the vision.
This came during the expanded meeting organized by the Asharqia Chamber represented by the Environment Committee, which was held Sunday (15 / November / 2020) and was transmitted via live broadcast, and moderated by the Chairman of the Committee Talal Al-Rasheed. Efforts in public activities, economic in particular.
Qrunfleh pointed out that in order to build the capabilities and capabilities necessary to achieve the ambitious goals of the "Kingdom's Vision 2030", the need to launch the National Transformation Program as one of the vision's implementation programs has emerged at the level of 24 governmental bodies based on the economic and development sectors so that it is the first of the programs that aim to develop Government work and establishing the necessary infrastructure to achieve the vision and accommodate its ambitions and requirements.
He reviewed the most important objectives of the third dimension (ensuring the sustainability of vital resources), which is the preparation of natural areas (reserves, islands, and beaches), in a manner that makes them attractive to private sector investments in order to maintain, rehabilitate and develop them, and the dimension is keen to develop environmental protection from natural hazards. And this is through "developing vegetation cover to reduce desertification and sand encroachment, enhancing prevention of insects and pests harmful to vegetation cover, and developing national capacities to achieve protection in order to predict natural hazards and respond quickly to them"
He believes that this dimension faces challenges, the most prominent of which is the natural accidents that the environment is exposed to, such as desertification, torrential rains, sandstorms, outbreaks of epidemics, and losses caused by sandstorms and torrents, as well as threats to wildlife.
Regarding the efforts made to protect the environment, and then to achieve the third dimension that supports the national transformation project adopted by Vision 2030, and to enhance the economic effects from all of this, the Kingdom has begun to establish four national centers specialized in protecting and sustaining the environment, namely: “The National Center for the Development of Vegetation Cover and Combating Desertification,” The National Center for Monitoring Environmental Compliance, the National Center for Wildlife Development, the National Center of Meteorology, and the National Center for Waste Management.
Accordingly, he referred to the inauguration of His Excellency the Minister of Environment and Agriculture of the new identity of the "Environment Fund", which was launched by Cabinet Resolution No. 416 dated 07/19/1440, which is based on the financial sustainability of the environment sector and providing the necessary capabilities for its advancement, by contributing to support Operating budgets for environmental centers, supporting environmental programs, studies and initiatives, stimulating environmentally friendly technologies, improving environmental performance and environmental rehabilitation programs.
“Women and Business in the G20 Summit” within the discussions of the Women’s Economic Forum 2020
15/11/2020
Organized by the Asharqia Chamber under the patronage of the Prince of the Eastern Province
“Women and Business in the G20 Summit” within the discussions of the Women’s Economic Forum 2020
A member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, said that the sixth edition of the Women's Economic Forum 2020 organized by the Asharqia Chamber under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, under the title "Empowerment and Ambition" Wednesday 25 November 2020, It reviews the axes of the Kingdom's Vision 2030, which aims to raise the percentage of Saudi women's participation in the national economy from 22 to 30%, and has given priority to developing women's capabilities and talents and activating their role in several aspects, as it placed developing women's skills and investing their energies among their priorities, in addition to empowering Saudi women to Obtaining appropriate opportunities commensurate with the required and distinctive specializations to contribute to the development of the local community and the national economy.
Al-Turki indicated that the forum, through its sessions, reviews success experiences and development plans in the Gulf countries to extract lessons learned from previous experiences in this field.
For her part, a member of the Board of Directors of the Asharqia Chamber Al-Anoud Bint Tawfiq Al-Ramah explained that officials will discuss the important effects of the Quality of Life Program 2020, which is one of the programs to achieve the Kingdom's vision 2030, as it is concerned with improving the lifestyle of the individual and the family and building a society that enjoys a balanced way of life, by preparing The necessary environment to support and create new options that enhance citizen and resident participation in cultural, entertainment and sports activities. Achieving the program’s goals will also contribute to generating many jobs and diversifying economic activity, leading to the inclusion of Saudi cities on the list of the best cities to live in in the world.
Al-Ramah pointed out that the Kingdom's Vision 2030 pays special attention to increasing the participation of women in the practical field, which requires the adoption of new initiatives and specific programs to increase their contribution to the workforce, as well as creating job opportunities for those who possess productive skills that benefit the national economy in the stage of its transformation. Official G20 Contact Groups to work on the obstacles women still face within the G20 discussions and policies. Due to the necessity of what the Business Group announced with its recommendations, which were related to key issues such as digital transformation, women in business, trade, finance, infrastructure, energy, sustainability, compliance and integrity, and the future of work and education.
On the topic "Women in leadership positions and boards of directors" speaking: Rania bint Mahmoud Nashar, CEO of Samba Financial Group, Nabil bin Khalid Al-Dabal, Vice President of Human Resources at Saudi Aramco, Hind bint Khaled Al Zahid, Under-Secretary of the Ministry of Human Resources and Social Development for Women Empowerment, and Kholoud The daughter of Adnan Musa, a partner in KPMG Al-Fawzan and Partners.
Under the topic "Quality of life programs 2020 and their economic impacts on women," speaks: Ahmed bin Hassan Badhris, CEO of the Quality of Life Program, and Noha Qattan, the Counselor and Executive President of National Partnerships and Development at the Ministry of Culture.
Dr. Abdel-Wahab Al-Saadoun, Secretary-General of the Gulf Petrochemicals and Chemicals Federation and Sherpa, Saudi Business Continuity Group B20, Salma bint Rashid Al-Rashed, Program Manager at Al-Nahda Women's Charitable Society, and Sherpa, Saudi Women’s Communication Group W20, will talk about the axis of women and business at the G20 summit.
The Real Estate and Urban Development Committee discusses its plan for the year 2021
15/11/2020
The Real Estate and Urban Development Committee discusses its plan for the year 2021
The Real Estate and Urban Development Committee of the Asharqia Chamber recently held its meeting, in which it discussed the most prominent features of its plan for the next year 2021.
The meeting of the committee, which was held remotely, chaired by Eng. Hamid bin Hamri, reviewed the most important axes discussed by the committee within its activities and programs during the next year, on top of which are the challenges facing the sector and ways to overcome them, especially after the Corona pandemic.
The meeting also discussed the program of communicating with officials and specialists in the relevant departments in order to review the important issues that raise the level of performance in the sector.
The chairman of Asharqia Chamber: The Crown Prince’s speech showed the features of our steps for the present and the future
15/11/2020
The chairman of Asharqia Chamber: The Crown Prince’s speech showed the features of our steps for the present and the future
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, praised the high speech of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, in which he raised his thanks and appreciation to the Custodian of the Two Holy Mosques for his speech at the Shura Council at the beginning of its work for the first year of the eighth session, saying: (We have the right to be proud of our guardianship - may God protect them - and our generous nation, whose achievements - despite challenges - exceed the factors of time at all levels).
Al-Khalidi stressed that it is a word that showed the milestones of our steps for the present and the future, and it was revealing and expressing the size of the developments and achievements that the country has witnessed in less than four years, since the launch of the future vision.
Al-Khalidi valued the great care and support he continuously receives from the private sector from the shrine of the Custodian of the Two Holy Mosques and His Highness the Crown Prince, who, with their support and patronage, made a qualitative leap in the national economy march, and further strengthened his partnership in comprehensive development and achieving the 2030 vision.
Al-Khalidi noted that the insight and future vision of the necessity to diversify the sources of the national economy, focus work on developing non-oil revenues, launch imposition and enhance work and achievement in various sectors, which had the greatest impact, as the Crown Prince said, in overcoming the challenges posed by the Corona pandemic. As well as the continuation of the growth of more than 4% in the last quarter of 2019.
Al-Khalidi said that the indicators reflect today, that we are currently living in a comprehensive renaissance and unprecedented qualitative and historical leaps, supported by conscious and ambitious strategic plans that have been able to protect the Kingdom from the fluctuations of the global economy due to the Corona pandemic and to enhance economic growth that aims mainly to advance citizens and raise His standard of living, pointing to the current period, which is the period of the initiative, work and achievement, and concerted efforts at all levels in order to complete the process of achievement, in order to reach our goals by 2030.
Al-Nasser: A new program to finance small and medium-sized enterprises and a regulation for hotel licenses in front of the public within days
12/11/2020
During a remote meeting in the Asharqia Chamber
Al-Nasser: A new program to finance small and medium-sized enterprises and a regulation for hotel licenses in front of the public within days
The investment advisor at the Ministry of Tourism, Abdul-Majeed bin Abdul Mohsen Al-Nasser, revealed that within days a new regulation for hotel licenses will be presented in general for taking opinions on it and that the Tourism Development Fund is launching a new program to finance small and medium enterprises, provided that it is available to benefit from its financing products in the first quarter of 2021 Noting that the fund has a special board of directors, which is responsible for approving financing operations that may exceed 50%.
This came during the remote meeting held by the Asharqia Chamber, represented by the Qatif Business Council, on the evening of Wednesday, November 11, 2020, on the national strategy for tourism, mechanisms for private sector cooperation in the ministry's projects, and the most prominent available and future investment opportunities. The meeting was moderated by the Vice President of the Qatif Business Council Asharqia room, Hisham bin Ali Al-Saif.
Al-Nasser said that by 2030, the ministry aims to contribute 10% to the gross domestic product, to reach the number of tourist visits to about 100 million visitors, to provide about 1.6 million job opportunities, to support the local private sector, and to attract foreign direct investment, pointing out that the national strategy for tourism would Promote the tourism industry in its various vocabulary and develop it as a basic tributary of the national economy and a future source that enhances revenues.
He pointed out that agricultural tourism is one of the most important tourist vocabularies, and that it is now subject to study from all branches of the ministry, and the Qatif Governorate will have an active and fundamental role in the agricultural tourism system in the Kingdom.
Al-Nasser explained that the tourism road map 2030 AD is based on two main phases, the first continues until 2022 AD before launching the mega projects and comes under the title Discover Saudi Arabia, and the second phase starts from 2022 AD to 2030 AD and bears the title The Nest of the Saudi Experience, and indicated that the tourist sites were divided into 24 sites. Prominent, 38 sites with great potential and 500 complementary sites, these are additional sites of tourist interest and complete the tourism experience after visiting the prominent sites and sites of great potential.
“Transport” emphasizes in its strategy on the participation of the private sector and adopting innovative technology
12/11/2020
“Transport” emphasizes in its strategy on the participation of the private sector and adopting innovative technology
Asharqia Chamber held a monthly meeting for the business sector on Tuesday, which hosted the General Director of the Public Authority for Transport Branch in the Eastern Region, Engineer Othman bin Muhammad Al-Othman, through visual communication technology.
During the meeting held on the evening of Tuesday 10 November 2020, Al-Othman praised the business sector in the region, which interacts with all initiatives aimed at raising the level of work and developing its mechanism in accordance with the Kingdom's vision 2030, indicating that the transport sector enjoys Always follow-up and attention because it touches the nerve of the economy and is the key to development in all its forms and is closely related to sustainable development.
Al-Othman stressed that one of the Authority’s strategic objectives and one of its top priorities is to provide an integrated, sustainable, efficient and high-quality transport service that adopts the highest safety standards and keeps pace with global developments and keeps pace with Saudi Arabia’s vision for 2030, in addition to enhancing investment in it and supporting the private sector’s participation in projects and services. Transport.
Al-Othman pointed out that the authority aims to develop the transport industry by ensuring the safety, integrity and effectiveness of the public transport sector, and to achieve this it has built its technical system, which includes in it, contributing to achieving the Kingdom's strategic goal by making it a global logistical center, and developing the transport industry to become safe. It is efficient, integrated and environmentally friendly.
Al-Othman stated that the land transport activities are represented by three electronic platforms. The first is: the “Nuqul” portal, which is concerned with the electronic automation of procedures for the issuance and renewal of licenses and operating cards, and the second: the “wasl” platform, which is an electronic platform that enables the relevant authorities to monitor in real time the operational processes of land transport. And it contributes to activating supervision, and the third is: the "Bayan" portal, which enables transporters and freight brokers to issue a document for the transport of goods and a manifest.
In the maritime transport activities, there are three electronic platforms that reflect their interests, which are the "Nuqul:" portal, which is concerned with the electronic automation of procedures for the issuance and renewal of licenses for maritime activities, the practice of maritime transport business in addition to the licenses of ships bearing the Saudi flag, issuance and renewal of eligibility certificates, and the second platform is: the gateway. Maritime media, which is concerned with electronically automating procedures for fishing and pleasure boats by issuing title deeds, issuing and renewing work licenses, and others, and finally the “Marine Service Register” portal that is concerned with issuing and renewing the marine service record for ship workers.
At the end of the meeting, Al-Othman emphasized that there are many challenges and responsibilities facing the transport sector in the Kingdom, as organizing this sector requires the cooperation and solidarity of all relevant authorities to come up with the best regulations to manage them.
The Royal Commission in Jubail reviews its experience in preserving the environment in accordance with international standards
11/11/2020
The Royal Commission in Jubail reviews its experience in preserving the environment in accordance with international standards
The Director of the Environmental Protection and Control Department at the Royal Commission in Jubail, Engineer Awaid bin Simhan Al-Rashidi, affirmed that the Royal Commission pays great attention to the environmental issue and carries out a set of activities to reach the highest standards of monitoring and preserving the environment in water and air, waste management, noise control and scientific disposal of hazardous materials And it has obtained international certificates in this regard.
This came during a meeting organized by the Asharqia Chamber, within the activities of the Environment Committee for the year 2020, on Wednesday morning (11 November 2020), as the most prominent features of the Environmental Protection and Monitoring Program of the Royal Commission in Jubail were reviewed, and the meeting was moderated by the Chairman of the Chamber's Environment Committee, Talal bin Sultan Al-Rasheed, with the active participation of Committee members and a number of followers and interested parties.
During the meeting, Al-Rashidi reviewed the most important environmental standards that the Royal Commission in Jubail adheres to, starting from the comprehensive environmental survey of the city through the issuance of environmental standards that the authority follows, as well as a full explanation of the comprehensive environmental monitoring program that the Environmental Protection and Control Department carries out for all elements of the environment, including air and water. And industrial, environmental, natural, and other waste, as well as clarifying the steps and method for issuing environmental licenses for industrial facilities, according to which the facilities adhere to all environmental standards of the authority after the establishment submits a study to assess the environmental impact of the project.
Al-Rashidi said that after the decision to establish it was issued in 1975, the authority adopted a set of environmental measures to cover industrial activities, as companies are obliged to apply the latest technologies available internationally to cover all types of industrial activities in the Authority’s cities, and in 1999 the first environmental standards were issued which are witnessing an update every five years, and the last update was in 2015, explaining that some of these standards are general, and some are related to air, water or waste, or hazardous materials, or filling, or noise.
He mentioned that the environmental permits issued by the authority and granted to factories are monitored, reviewed, and renewed every five years, with the aim of following up the implementation of environmental regulations and achieving effective control over the environmental situation of factories and the surrounding atmosphere in the city.
Regarding monitoring water quality in the authority’s cities, he said that monitoring is ongoing, which includes monitoring water quality in general, including cooling channels with seawater, groundwater, treated water, irrigation water, and drinking water.
Regarding industrial waste management, Al-Rashidi said that these wastes are monitored from their formation to their disposal, as the disposal process is carried out through a specialized sector in this regard, and that the Royal Commission conducts periodic inspections to follow up on waste management in factories, as the authority had set a clear goal for re Recycling 54% of the waste generated from factories during the current year 2020, which amounted to about 335 thousand tons by the end of last year because the authority in this regard is following a standard in which it is compatible with the state of Texas in recycling, which has been adopted since 2013.
On-air quality, he said that the Royal Commission monitors air quality continuously, as it has 10 fixed stations for monitoring air quality and meteorology that operate around the clock. These stations are directly linked to the central control room of the Environmental Protection and Control Department of the Royal Commission in Jubail, in addition to 3 mobile stations To respond to emergency situations that have been provided with modern equipment and devices, fixed and mobile, to handle environmental reports, in addition to the presence of a specialized fieldwork team to monitor air quality in the city.
As part of the procedures in this regard, Al-Rashidi said that the authority obliges all factories to apply the latest available global technologies to arbitrate emissions resulting from operational processes, and obliges them to install devices on the torches to measure the quantity and quality of the gas being burned to ensure the complete combustion process, as well as devices for measuring continuous emissions from chimneys and conduct An annual inspection of the operational performance of chimneys by specialized and accredited companies. The authority also obligated all operating factories to place emissions measurement devices at the factory borders, and fugitive emissions from operational operations are monitored and measured to ensure compliance with environmental standards.
It should be noted that the Royal Commission in Jubail has been awarded many awards at the regional and international levels in recognition of its efforts in the field of environmental protection, including the American certificate of accreditation for conforming to air quality with the requirements of the American Environmental Protection Organization, and the ISO 9001 certificate for operating air quality monitoring stations, etc.
(Hadaf) Reviews additional support for private institutions employing women and people with disabilities
11/11/2020
(Hadaf) Reviews additional support for private institutions employing women and people with disabilities
The Director of the Human Resources Development Fund (Hadaf) office in the Jubail branch, Abdullah bin Hamad Al-Bu Ali, reviewed the latest updates on the employment support program, the entitlement mechanism and its requirements, the benefits it provides when employing women, people with disabilities, and small and medium enterprises, as well as employment in other than major cities or according to what the fund launches From campaigns targeting economic sectors or job titles.
Al-Buali indicated during the monthly meeting at the Asharqia Chamber Branch in Jubail Governorate Tuesday (10 / November / 2020) that the Employment Support Program is one of the programs that the Fund adopts to support researchers and job seekers in the private sector, where the Fund bears a percentage of the employee’s wages that the establishment is entitled to since the date of an employee joining To whom the conditions of the program apply, including that the applicant is a Saudi citizen whose age ranges from 18 to 60 years, and is not a student, government employee or owner of an establishment, and that he is registered in the social insurance system of the specified facility on July 1, 2019, or later, It also requires the registration of the job seeker in the National Labor Portal (Taqat) as an individual, as well as another account for the employing establishment.
He pointed out that the fixed support percentage is: 30% includes the employee's wage for two years (24 months), the minimum wage is 3200 while the maximum limit is 15,000 riyals, and this support includes all private sector establishments that are subject to support unless they are stopped by the Ministry of Human Resources and Social Development. Or the Human Resources Development Fund, which includes all full-time jobs,
He said that this support is added to 10% over 30% in certain cases: female employment, or people with disabilities, or employment in small villages and cities, or in small and medium enterprises, and affected activities, as the facility, may receive several forms of support at the same time. One: 30% is fixed, 10% for someone who employs a female (for example), and another 10% if this female is in a small area, or she has a disability, and the sum of 3000 is the maximum support.
He indicated that the support is not provided to those who have supported in some training programs, but it is possible to obtain support for those who have benefited from the Fund’s other programs, such as: “Tamheer, Motivation, Quora, Wassoul, dialysis days, professional certificates.”
The discussions of the meeting, which witnessed a distinguished presence from the business sector in the governorate, were moderated by the Vice Chairman of the Business Council of the Asharqia Chamber Branch in the Jubail Governorate, Engineer Muhammad Al-Qahtani.
Asharqia Chamber celebrates the 100 thousand subscriber joining its subscriber base
11/11/2020
Al-Khalidi is keen to provide all aspects of service and knowledge support to subscribers
Asharqia Chamber celebrates the 100 thousand subscribers joining its subscriber base
Asharqia Chamber celebrated Wednesday, November 11, 2020 AD, that it has reached the 100,000 subscribers within its subscriber's list, and the Chairman of the Board of Directors of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, honored the Dammam Business Vision for its owner, Ahed Hilal Al-Mutairi, who won the title of subscriber number one hundred thousand, and the Chamber presented her with this The occasion is a free special package of special services, which extends for a whole year, and the honor is given on her behalf by her husband Turki bin Fahd Al-Mutairi.
Al-Khalidi said that, by reaching the number of 100,000 subscribers, the Chamber has achieved a great achievement in terms of expanding the base of its subscribers, which is a major goal that the Board of Directors has always sought to achieve, pointing out that the increase in the number of subscribers is evidence of continued economic growth in the region in particular and the Kingdom in general. The statistics witnessed by the Chamber indicate a growth in the room rate for the current year, at a rate of 5%, despite the pandemic conditions that have clouded the national economy.
Al-Khalidi said that the Chamber always seeks to achieve the satisfaction of its subscribers and achieve their aspirations by providing services efficiently, effectively and easily, and that it is constantly working to support and develop the economic and development work of the business sector, and also as a platform to enhance communication opportunities with various parties and bodies internally and externally, pointing out that the Chamber is miserable. To achieve optimal investment in the available resources and renewable technologies through its direct services and electronic services using the latest methods, technical programs, and advanced systems in the field of information technology, in order to increase its services and raise its level of quality with international standards, in the interests of its subscriber base and the beneficiaries of its services.
Al-Khalidi pointed out that the Chamber recently launched the "Esteem" program, which enables its members who are participants (establishments or individuals) and their employees and their families to obtain offers, discounts and privileges in a number of different commercial sectors, pointing out that it is a program that expresses the appreciation and gratitude of the Chamber For its subscribers and employees, who always interact with the Chamber's activities and programs, stressing that the Chamber always and assist its subscribers by working to follow-up and qualify them and provide them with the programs and initiatives that enable their positive partnership in achieving the goals of growth and development.
For this part, the Secretary-General of the Asharqia Chamber, Abdul-Rahman bin Abdullah Al-Wabel, said that what has been achieved that the number of the room’s subscribers has reached 100,000 subscribers, is an achievement that is calculated for the Chamber with its Board of Directors and its employees and that it has been achieved due to concerted efforts among all, and indicated that the room has diversified It continues to diversify and develop its services based on its clear mission to support and develop the economic and development work of the business sector and to act as a platform to enhance communication opportunities, and for the Chamber to remain a sincere aid to the business sector in obtaining knowledge, exploring opportunities and enabling them to deal positively with interim requirements.
Gulf officials and experts participate in the scientific program of the Women Economic Forum 2020
10/11/2020
Organized by the Asharqia Chamber under the auspices of the Prince of the Eastern Province
Gulf officials and experts participate in the scientific program of the Women Economic Forum 2020
A number of officials and experts participate in the scientific program of the sixth edition of the Women’s Economic Forum 2020 organized by the Asharqia Chamber, under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, under the title “Empowerment and Ambition” Wednesday, November 25, 2020, via video call.
A member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, explained that the participants and participants in the forum will discuss a number of main axes in it, in addition to the transfer of Gulf experiences in several areas that serve the women sector. The topic "Leaders' appreciation of the importance of the role of women economically and socially and plans to empower them" talks no From Her Excellency Dr. Enas bint Sulaiman Al-Issa, President of Princess Noura bint Abdul-Rahman University, Her Excellency Hessa bint Essa Bu Hamid, Minister of Community Development in the United Arab Emirates, and Dr. Bashayer bint Yusuf Al-Majid, Assistant Professor of Law at the Faculty of Law at Kuwait University, advisor to His Highness the Prince of Kuwait.
A member of the board of directors of the Asharqia Chamber Al-Anoud bint Tawfiq Al-Rammah said that under the axis "Women in leadership positions and boards of directors" speaks: Rania bint Mahmoud Nashar, CEO of Samba Financial Group, Nabil bin Khaled Al-Dabal, President of Human Resources at Saudi Aramco, and Hind bint Khalid Al-Zahid Under Secretary of the Ministry of Human Resources and Social Development for Empowerment of Women, Kholoud Bint Adnan Musa, Partner at KPMG Al-Fawzan and Partners, Dr. Abdel-Wahab Al-Saadoun, Secretary-General of the Gulf Petrochemicals and Chemicals Association and Sherpa, Saudi Business Continuity Group B20, and Salma bint Rashid Al-Rashed, Program Manager at Al-Nahda Feminist Charitable and Sherpa Saudi Women Communication Group W20 on the Women and Business axis at the G20 Summit.
The forum will discuss the rational leadership’s appreciation of the importance and role of women economically and socially and plans to empower them, women in leadership positions and boards of directors, the Quality of Life Program 2020 and its economic effects on women, in addition to discussing the issue of women and business at the G20 summit.
It is noteworthy that the forum discussed in its previous five editions the most important issues that directly or indirectly affect women's economic empowerment, as it discussed support and financing of small and medium enterprises, women's partnership in development being a national and social necessity, and their economic empowerment, whether in family businesses or through organizations and associations Businesswomen, in addition to discussing the most important legislative and social obstacles.
The forum, in its sixth edition, seeks to strengthen the march of Saudi and Gulf women and review the impact of the leaders ’appreciation of their role and contributions in raising economic growth rates, and achieving more developmental gains by strengthening their presence in leadership and decision-making centers as well as strengthening their presence in various investment sectors that achieve vision programs The Kingdom 2030 and enriching the national economy coincides with the Kingdom presiding over the Twentieth Summit.
Al-Ajlan: I started in a small store with my father, and from there I started one of the largest groups selling ready-to-wear clothes
10/11/2020
During the "My Experience" program in the Asharqia Chamber
Al-Ajlan: I started in a small store with my father, and from there I started one of the largest groups selling ready-to-wear clothes
Being honest with oneself, perseverance, and transparency give you confidence in solving problems
Challenges are ongoing, and they can only be overcome by continuous follow-up and turn them into promising opportunities
The Saudi market is the most prominent in the Middle East, according to the mega projects
I invite specialization and focus first, then proceed to diversity and renewal
Emiratisation is our choice now and in the future, and dependence on expatriate workers will not continue
I worked in the Riyadh Chamber 20 years ago out of a love of volunteer work.
Between a personal experience of about 40 years and an objective view of the reality of the local market and regional markets, the Chairman of the Council of Saudi Chambers of Commerce and Industry and the President of the Riyadh Chamber Ajlan bin Abdulaziz Al-Ajlan believes that success comes from honesty with oneself, perseverance, continuous follow-up, and keenness to renew and search for Available opportunities.
All this came during the "My Experience" program organized by the Asharqia Chamber represented by the Business Youth Council yesterday evening Monday 9 / November / 2020 and moderated by the Chairman of the Council Fahd bin Abdullah Al-Farraj, speaking about his experience in several fields, especially in the field of the clothing trade, and his start from a small shop, He cooperated with his three brothers to create a group that is the most prominent among the trade groups specialized in the trade of ready-made clothes.
The Beginnings
Al-Ajlan identified the beginning of his relationship with commercial activity in the seventies AD as an employee of his father in a small retail trade-in clothes, household utensils, and foodstuffs in the Al-Shumaisi neighborhood, and he used to go to the store in his spare time, and he saw the commercial movement and saw the way of buying and selling and dealing with customers, customers and competitors, which gained him experience Preliminary in the field of commercial work.
Because of his preoccupation and love for business, he joined him early, to the point that he left the official study and later managed to obtain a high school diploma after twenty years of commercial work,
Al-Ajlan mentioned that a number of sayings he used to hear from his father and those around him, he could not have absorbed in his young age, but - with the passage of time - he knew their truth after he tried them and saw the correctness of those who said them, such as: “All wealth is in physical wellness and security. In the homelands, this saying is viewed from the commercial side, it means the ability to be active and vital on the personal side, and the environment that stimulates this activity in general.
Regarding the story of the establishment of the Ajlan and His Brothers Group, Al-Ajlan said that four of the brothers (sons of Abdulaziz Al-Ajlan) met their speech forty years ago to cooperate and work as one hand, guided by the values of love, tolerance, and brotherhood, as their trade began simple with one store, and this store has become a chain that extends from Riyadh to the region Al-Sharqiya to Jeddah, then to outside the Kingdom.
Al-Ajlan said: “Our main trade forty years ago was in ready-made clothes, and thanks to God - and as previously mentioned - we expanded and grew, and we had our own factories in China, and we started selling in the Saudi market, the Arab Gulf, the Middle East, and North Africa regions, after that. Our investments varied and diversified, but we remained on our main activity, which is clothing. "
He mentioned that there are difficulties they faced in the foundation stages, but in all stages of their work, for this is the nature of life, they were dealt with objectively, as he says that "difficulties and solutions also exist. Perseverance, follow-up, continuity, and honesty are all factors that provide solutions, and from which one gets May God Almighty grant him success and help people as well. "
In answer to the question of the interlocutor, Chairman of the Business Youth Council, Fahd Al-Faraj, about continuous development, Al-Ajlan said that development is a daily work that does not stop, and through that, "Al-Ajlan" owns a brand (Drosh) that sells 200 million pieces a year, and it came in the presence of brands Other prominent ones that are difficult to compete with, but through market studies, ocean reading, positive jealousy, and honest competition, the brand was able to take its position, after reviewing the quality and price specifications, until it became the first brand in the Middle East.
On the effects of the pandemic on the commercial movement, Al-Ajlan said that it is an unexpected and unusual pandemic, and it has swept the whole world, and we in the Kingdom may be better than others, as consumer power is still good, due to the continuing salaries of government employees and a large sector of private-sector employees, due to government measures Supportive, it is true that the pressures were strong, especially in the beginning of the pandemic, and it caused some damage to the private sector, but we bypassed all of that - thanks to God and then thanks to the caring leadership on its people and supportive of its economy - and from another angle, the pandemic has opened unprecedented marketing and sales windows through e-commerce. Not to top it off in the natural.
Localization:
Al-Ajlan stressed that Localization is the choice of the nation in the present and in the future and that relying on expatriate workers is an option that will not continue, and if the need dictates it for some time, therefore we must all strive and search for the Saudi citizen, we will find him, and we must motivate and help him, and send his motivation and activity, especially since the regulations The new support the competitiveness of the Saudi citizen in the labor market.
Family companies:
Regarding family companies, Al-Ajlan said that we worked as brothers, friends, and partners, between us, is harmony, and our relationship is continuous, and mistakes are incoming, but with trust, tolerance, honesty, and transparency, any mistake can be addressed, the strength of any family business is in these values, and we have been going on for more than 40 years, thank God.
In this regard, Al-Ajlan sees the need for clarity and transparency in everything, especially in financial matters, as it is what creates confidence and achieves permanence in work, as ambiguity is an unwelcome and unsound condition, and it should not be in any company, especially family companies, in order to prevent any misinterpretation.
Volunteer work experience:
Regarding work in the Riyadh Chamber and the Council of Saudi Chambers, Al-Ajlan said that for 20 years he was a permanent member in the specialized sub-committees in the Riyadh Chamber, out of his love for volunteer work, then he applied to the membership of the Board of Directors and the chairmanship of the Council and gave the members confidence, adding that the mission of the Chambers of Commerce is vital, which is to protect Business sector interests and their representation This pivotal role was evident during the pandemic, and the Chambers of Commerce became an essential partner with the government sector.
Regarding the new system of rooms, he said that it is a continuation of renewal in all systems, including room systems, and we find that every renewal will be reflected in the performance of the private sector.
Al-Ajlan called on business leaders to be keen on communicating with the chambers of commerce in the Kingdom and to participate in the events that are organized in them, such as courses, seminars, and workshops, as all of them are activities that contribute to achieving the interests of the homeland and the citizen and the investor in particular. Honesty with oneself and with others, diligence, and perseverance, and ensuring that the entrepreneur is a role model for his employees and workers, a continuous follow-up to work, specialization in a specific field and then proceeding to other fields, in addition to taking advantage of investment opportunities in the Saudi market, which is absolutely the best in the Middle East region There are many opportunities today in different sectors, most notably tourism, mining, trade, and services.
At the end of the meeting, the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, who praised the efforts of Al-Ajlan in his commercial activities and volunteer activities through the Presidency of the Riyadh Chamber and the Council of Chambers, which he sees as a school for new generations and for all businessmen.
Asharqia Chamber launches the second phase of the "Bridging" initiative
10/11/2020
To support integration options between national factories and raise the percentage of local content:
Asharqia Chamber launches the second phase of the "Bridging" initiative
Asharqia Chamber launched Monday 9 November 2020 the second phase of the "Bridging" initiative launched by the Chamber represented by the Industry and Energy Committee in order to raise the level of cooperation, integration, intra-trade, and joint work between national factories, following the great success achieved by the initiative in its first phase, which was launched in a month last April.
A member of the Board of Directors and Chairman of the Industry and Energy Committee in the Asharqia Chamber, Ibrahim bin Muhammad Al Al-Sheikh, said that the initiative "Bridging" comes within the efforts of the Asharqia Chamber to contribute to achieving the goals of the 2030 vision aimed at strengthening the role of the private sector in the economic development process that the country is experiencing in various sectors and fields, explaining That the initiative that is
Its second phase was launched today, according to the same mechanism that took place in the first phase, via the electronic link (https://sites.chamber.org.sa/tajseer2/Home/Register), which allows the owners of national factories to exchange information on many common areas, especially in the fields of employment and its exchange, which was generally in the first stage but became more specialized in the second stage.
Al-Sheikh added that the initiative also seeks to support “inter-trade, joint procurement, integration in production, joint services between factories,” saying, “We are looking forward to providing new and innovative services that support the business community of industrialists and local suppliers,” noting that it stems from the importance of finding clear formulas towards Consolidating the values of cooperation, participation, and integration among local industrialists, in order to raise the percentage of local content in the national industry and to achieve the Kingdom's aspirations to be the best model in regional industrial integration.
He pointed to the initiative, "as it supports the idea of industrial integration as an effective tool in weaving the threads of close cooperation and exchanging information, experiences, and products, which achieves excellence in production, and to enter local and international markets with confidence, stressing that integration between factories adds to the competitiveness of Saudi industry at high levels." In terms of performance and productivity, and creating value-added products that enhance the industrial process in the country and support the development of the business sector from both manufacturers and local suppliers, the culture of "Made in Saudi Arabia" is entrenched, and it supports competition options between factories, determining them in quality and providing the best for the final consumer.
Al-Sheikh pointed out that, since its inception, the initiative to reduce the impact of the Corona pandemic has received the attention of the industrial sector, in order to stimulate the sector to raise the percentage of local content and contribute to achieving positive and effective communication between the leaders of the industrial sector in the Kingdom, in a way that serves the industrial work system and its needs of multiple products, which is This will positively affect the rates of local production, the expansion of the industrial investment base, and enhance the capabilities of industrial enterprises to be more competitive and more profitable.
Al-Sheikh concluded by saying that industry today represents a strategic option to achieve sustainable economic growth. Through industry, many other economic sectors (commercial, service, etc.) are advancing, expressing his hope for more successes and the continuation of the achievement that has been achieved in the first initiative.
Direct insertion in the workshop on Asharqia Chamber
10/11/2020
In cooperation with the Saudi Stock Exchange Company (Tadawul)
Direct insertion in the workshop on Asharqia Chamber
Today, Tuesday, November 10, 2020, the Asharqia Chamber, in cooperation with the Saudi Stock Exchange (Tadawul), is organizing a remote workshop on a direct listing in the financial market "Nomu", in which the Head of the General Administration for Listing - The Capital Market Company will lecture. Saudi Arabia (Tadawul), Nayef bin Saleh Al-Athel, and managed by a member of the Financial Committee of the Asharqia Chamber, Ibrahim bin Fahd Al-Assaf.
The workshop will discuss the importance, benefits, and requirements of a direct listing, and its role in speeding up procedures, which would enable companies to sell the required minimum liquidity in the financial market within a period not exceeding 12 months from the date of listing, in addition to addressing the most prominent changes in the financial market during the period. Coming.
It should be noted that direct listing is an option for companies that wish to enjoy the benefits of the IPO without going through the traditional IPO process. This stage shortens many of the recognized initial offering stages, thus reducing a lot of time, money, and effort in the listing process in the financial market.
Asharqia Chamber reviews the national strategy for tourism
10/11/2020
Asharqia Chamber reviews the national strategy for tourism
On Wednesday, November 11, 2020, Asharqia Chamber represented by the Qatif Business Council will review the national strategy for tourism, in a remote meeting at 7:30 pm, in which the Investment Advisor at the Ministry of Tourism, Abdul Majeed bin Abdul Mohsen Al-Nasser will lecture, and the meeting is moderated by the Vice President of the Qatif Business Council in the Asharqia Chamber Professor Hisham bin Ali Al-Saif.
The meeting will discuss the most prominent items included in the National Tourism Strategy, which will advance the tourism industry and develop it as a basis for the national economy and a future source that enhances revenues and contributes effectively to creating jobs in the implementation of the 2030 vision, as well as a presentation of the major tourism projects that are being implemented, as well as discussing investment challenges In the field of tourism, and ways to support and motivate investors to invest in the tourism industry and its related services, directly and indirectly.
Asharqia Chamber reviews the experience of the Royal Commission in Jubail in protecting the environment
10/11/2020
Asharqia Chamber reviews the experience of the Royal Commission in Jubail in protecting the environment
As part of the activities of the Environment Committee for the year 2020 AD, on Wednesday, November 11, 2020 AD, the Asharqia Chamber will review the pioneering experience of the Royal Commission in Jubail in protecting the environment, in a remote meeting at 12:30 pm, in which the Director of the Environment Protection and Control Department at the Royal Commission in Jubail, Eng. Simhan Al-Rashidi, and the meeting will be moderated by the Chairman of the Chamber's Environment Committee, Talal bin Sultan Al-Rasheed.
The meeting will discuss the most important environmental standards that the Royal Commission in Jubail adheres to, starting from the comprehensive environmental survey of the city through the issuance of environmental standards that are followed by the Royal Commission in Jubail, in addition to a full explanation of the comprehensive environmental monitoring program that the Environmental Protection and Control Department carries out for all elements of the environment from air and water. And industrial, environmental, natural waste, and other environmental elements, as well as clarifying the steps or method for issuing environmental licenses for industrial establishments, which must comply with the environmental standards of the Royal Commission after the establishment submits a study to assess the environmental impact of the project.
It should be noted that the Royal Commission in Jubail has a long history in protecting and preserving the environment, as it has been awarded many awards at the regional and international levels in appreciation of its efforts in the field of environmental protection.
His Highness the Prince of the Eastern Province sponsors the Virtual Small and Medium Enterprises 2020 Forum
05/11/2020
His Highness the Prince of the Eastern Province sponsors the Virtual Small and Medium Enterprises 2020 Forum
The prince of the region: Small and medium enterprises are the backbone of the Kingdom's upcoming economy.
Al-Khalidi: E-commerce is one of the main paths of the digital transformation system and one of the enablers for sustainable growth.
Al-Rasheed: About 1,000 stores were supported by establishments whose sales exceeded 60 million riyals.
Al-Faraj: The number of small and medium-sized enterprises increased to 14.54% in 2019, with total revenues of about 334 billion riyals.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, praised the support and interest provided by the wise leadership - to develop and empower the small and medium-sized enterprises sector, and the incentives provided by the state from time to time to activate the role of these enterprises in the national economic system and to enhance their participation in the development of local production.
This came during the patronage of His Highness through video communication, from his office today, the Small and Medium Enterprises Forum 2020, which is organized by the Asharqia Chamber.
His Highness affirmed that the goals set by the Kingdom's Vision 2030, including enhancing the role and contribution of the private sector in the comprehensive development that the Kingdom is witnessing, and stimulating the transformation towards digital trade, as a pillar in the creation of digital society, indicating that the Kingdom has made quantum leaps in the field of transformation towards electronic commerce. Through a system of services and initiatives, and by the grace of God and then thanks to the capabilities of its people, it has overcome many challenges, especially the challenges posed by the new Corona pandemic (Covid-19). His Highness added that the business sector strategy must keep pace with the best global practices of digital trade, and learn about the experiences. The distinctive nature of the sectors that support digital trade, leading to building a model that is unique to the Kingdom in the world, ensuring complementarity between the sectors concerned with this transformation. His Highness stressed the need to work with various parties to convert the recommendations and proposals made by the forum into a tangible reality.
Pillars of sustainable growth
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Kingdom has taken pioneering steps in strengthening small and medium enterprises, giving them multiple growth factors (procedural, organizational, and financing), providing the appropriate environment for their expansion and spread, and facilitating many procedures for doing business, Within an orientation that aims to make these enterprises one of the pillars of sustainable growth in the country, and affirms that all the factors provided by the state have greatly contributed to the growth of small and medium enterprises; He pointed out that government support and loans contributed to the growth of the average by 33%, and the ease of issuing licenses contributed to its growth by 18%, while electronic services alone contributed to the growth of the enterprises themselves by 69%, and the small by 38%.
The means for establishing continuity
For his part, the Governor of the General Authority for Small and Medium Enterprises, Engineer Saleh bin Ibrahim Al-Rasheed, said that electronic commerce is now the means for the continuity and rise of small and medium-sized enterprises, referring to the great success achieved by those enterprises that relied on e-commerce during the pandemic period, and said that there are about 1,000 stores have been supported by establishments whose sales exceeded 60 million riyals and that 45 apps have received investments in various stages of their growth.
Al-Rasheed considered the e-commerce sector the largest sector in terms of total investments by 67% and the total number of deals by 22%. He pointed out that the most prominent investment rounds during the first half of 2020 were in the e-commerce sector, the most prominent of which is the investment round of the “ready” platform with a value of 137 million riyals. And the Nana platform with a value of 67.5 million riyals, and the Noon Academy with a value of 48.7 million riyals.
For his part, the Chairman of the Young Businessmen Council, Fahd bin Abdullah Al-Farraj, affirmed that the 2030 vision came as an opportunity to move this vital sector to broad horizons of expansion and spread, because it provided incentives and support at all levels, and opened new sectors that accommodate many of its pioneers. Today we see an increase in the number of small and medium enterprises by 14.54% over the past year, with total revenues amounting to more than 334 billion riyals, but it gives rise to optimism for a promising future for this sector, which it represents as the basis for the Kingdom's launch towards a diversified and sustainable economy.
Al-Farraj said that the forum, including the seven workshops accompanying it, and its attraction of global speakers, comes as an important step in supporting the growth and development process that our rational government is undertaking, and carrying its goals to spread the culture of self-employment, and provide opportunities for knowledge and access to the initiators of the people of this country Giver; He explained that this version of the forum seeks to introduce the best areas in which small and medium-sized enterprises can switch to e-commerce, as well as introducing the possible and financed entities and their support options presented, appreciating the government's efforts to support young entrepreneurs in various fields and pushing them to take their positions in the national economy. And its keenness to qualify them and provide them with the necessary skills to go into economic work.
In the first dialogue session
Small and medium enterprises need motivation, the injection of competencies, and flexibility in legislation
In the first dialogue session of the Virtual Small and Medium Enterprises Forum 2020, which was held under the title "Digital Competition for the Retail Sector", the President of the Saudi Restaurants Association "Qout", His Highness Prince Al-Waleed bin Nasser bin Farhan Al Saud, spoke about the regulations and legislation related to e-commerce, where he called for accelerating the enactment of Legislation and regulations to keep pace with the acceleration in growth rates in the sector.
Prince Al-Waleed said during the session moderated by Ibrahim Al-Suhaibani, a member of the Business Youth Council, that the nature of the consumer has changed and therefore companies and stores must change. 50 percent of the practices are in companies, and we have noticed that clearly in the supply sector, and now it has started in the fashion, beauty, and jewelry sector as well.
His Highness the Amir stated that the consumer domain has become global as he buys his needs from everywhere in the world, a fact that we must understand, and this is what made the large companies in the world lead the e-commerce sector, which created great and fierce competition in this field, and from here we must To be more flexible in legislation and regulations, to be an obstacle to this trade, and we must also protect this new trade from the great competition taking place in the world.
For his part, the CEO of Mint Application Company, Engineer Sami El-Helweh, stressed that one of the biggest challenges facing the small and medium enterprises sector in the e-commerce activity is the lack of competencies in this field, and the technical competencies as it is known are the cornerstone for the work of this new trade, and it is difficult to attract Or persuade the competencies in companies abroad without providing them with appropriate incentives.
Al-Hilweh pointed to the foreign investor's competition, as he said that this will only happen with the presence of technical cadres capable of that, stressing that the competencies in the field of technology and those with accumulated experience, whenever they are found in any sector - and this is a rare case - will make the difference, pointing out that what is happening now Initiatives that pump in technical competencies are good but not enough.
For his part, Chairman of the Board of Directors of the Retail and E-Commerce Association, Mazen bin Saleh Al-Darrab, spoke about the importance of stimulation, especially for small and medium enterprises, as he said that this sector worked during the last period, especially during the period of the Corona pandemic without stimulation, and was able to grow naturally, and it is now time to stimulate and help it To develop his tools.
Al-Dharrab clarified that the small and medium enterprises sector needs many different initiatives that will advance it and help it to complete its role in contributing to the development of the national economy, noting that the electronic commerce system did not have a clear system and mechanism of action in the past and that the current in force is originally An old system that was formulated a long time ago, and work on its basis actually began 6 months ago.
Al-strike indicated that motivation is the main player for the coming period, so there must be support for this sector and a preference also during the coming period, and we must not wait for the employees of the small and medium enterprises sector to come to us to tell us their challenges, concerns, and aspirations, but we must precede them in that and this is the role The natural thing after the legislative period is to work to stimulate the sector and its development.
In the second and third dialogue sessions
E-commerce is the commerce of the future and 84% of SMEs can take advantage of the available opportunities
In the second session, moderated by a member of the Eastern Business Youth Council, Muhammad Al-Muhammadi, and titled The Future Economy and Realizing the Kingdom's Vision 2030, the Undersecretary for Digital Capacity Development at the Ministry of Communications and Information Technology, Dr.Ahmed Al-Thunayan, said that e-commerce is the trade of the future and that the ministry has adopted three axes To pave the environment for e-commerce, it has achieved many of the current achievements attested by international reports, so it worked to strengthen the structure of the digital economy, increase the readiness of society, and build digital capabilities, indicating that the Kingdom has jumped the number of homes connected to the optical fiber network to about 3 million homes, and it is now coming Among the ten countries with the fastest Internet service provision.
With regard to non-cash payments, Al-Thunayan said that the percentage of non-cash payments increased in the year 2020 to 36% compared to 24% last year and that there are about nine electronic payments wallets with about 4 million subscribers.
Al-Thunayan said, “We are working on developing digital capabilities through three main channels: future skills, raising digital awareness and empowering women in the communications and information technology sector. Entrepreneurs have had a major role in coming up with innovative models and programs that have supported us in the Kingdom's successes in terms of Concerning digital transformation, he pointed out that the Ministry provided many incentives to local companies. Today, the government procurement system favored local companies over foreign ones.
Al-Thunayan indicated that the ministry paid attention to human cadres as the cornerstone of the development process and enabling the journey of digital transformation, so setting up specific programs to qualify human capital in the sector was at the top of the priorities, objectives, and pillars of the ambitious strategy for developing the communications and information technology sector that was adopted, indicating that it was done. Training of 129,000 young men and women to bridge the digital gap in the labor market.
For his part, the Deputy Governor of the General Authority for Small and Medium Enterprises, Engineer Rayan Al-Fayez, said that there are about 84% of small and medium enterprises that can benefit from the great opportunities in the field of e-commerce, and he referred to the group of programs launched by the authority to stimulate enterprises towards e-commerce. Mentioning, for example, the ambitious program for e-commerce, which encourages the targeted enterprises to adopt smart strategies that qualify them to overcome the challenges that enable them to succeed, and the program for converting medium-sized companies to e-commerce, which aims to enable medium enterprises to convert to e-commerce to drive their growth and enhance Its competitiveness, and creating opportunities to expand its activity.
Al-Dhakir explained during the session moderated by a member of the Business Youth Council, Abdulrahman Al-Afaliq, that the electronic transformation has shortened many procedures and saved time and effort. Clearing.
Al-Zakir said that the customs broker can now finish all his transactions through electronic services and with an immediate result. On the existence of exemptions, Al-Zakir said that the exemptions are for the military industries in addition to the presence of diplomatic and industrial exemptions.
He stated that if there is a high level of commitment to import requirements, it will be matched by a high level of dealing and trust, and thus shipments will exit quickly and vice versa, indicating periodic meetings with express transportation companies to complete the stages of electronic connectivity before the end of the current year.
For his part, General Supervisor of Trade Affairs at the Saudi Post, Abdullah Al-Jali, said that Saudi Post is undergoing a major transformation to raise the level of capabilities in the service of the logistical sector, indicating the start of the development process in the transportation of materials and logistical support, including electronic commerce.
Al-Jali pointed out that the incoming from the logistics sector arrives in large quantities to the Kingdom and all relevant government agencies are working hard to facilitate the task of ending their transactions, indicating that there are great challenges in this sector, many of which have been overlooked.
Al-Jali stated that the Post, in line with moving its services to high levels, has become imperative to raise its capabilities and this is what made it continue in the human cadre as well as the available capabilities and digital transformation of all its services.
On the one hand, the managing director of Zajil Al-Sorayai Company, Yasser bin Abdulaziz Al-Qadi, said that the Kingdom is witnessing a major shift to electronic commerce as well as the world.
Al-Kady pointed out that the technical development in the Kingdom has kept pace with the transformation of the consumer, as the relationship between the customer and the carrier was blurred in the past, but now there is a legislator that puts in place the regulations that protect the consumer and greatly reduce the existing uncertainty, pointing out that the number of Internet users in the Kingdom reaches 24 million A user, therefore, the legislator must take care of this sector.
The judge said that electronic payments have developed in Zajil, as it used to be 13 percent and now it has reached 88 percent.
The judge indicated that interest in electronic commerce has become very high, especially after the approval of the Electronic Commerce Board.
Today, the Prince of the Eastern Province sponsors the virtual small and medium enterprises 2020 forum
03/11/2020
It is organized by the Asharqia Chamber with the participation of 14 officials and experts
Today, the Prince of the Eastern Province sponsors the virtual small and medium enterprises 2020 forum
The Ministry of Communications and Information Technology and the General Authority for Small and Medium Enterprises are participating in the forum
Today, Wednesday, November 4, 2020, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al-Saud sponsors the Virtual Small and Medium Enterprises 2020 Forum, which is held via video communication entitled "The Future of E-Commerce", with the participation of a number of government and private agencies that support and sponsor small and medium enterprises.
Among the activities of the forum will be the Ministry of Communications and Information Technology and the General Authority for Small and Medium Enterprises.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, appreciated the patronage of His Highness, the Governor of the Eastern Province, for this event, which means supporting a promising, pioneering and influential sector in the Kingdom's Vision 2030 journey, and is part of many activities undertaken by the Chamber to support the supreme national options in support of the principle of enhancing the presence of small and medium enterprises in The economic landscape.
Al-Khalidi said that the forum’s vision revolves around “promoting the transformation into electronic commerce for owners of small and medium enterprises,” in line with the language of the contemporary economy, which has accelerated with the emergence of the Corona pandemic, and from here the forum carries a message and slogan that is to transform the concept of e-commerce among owners of small enterprises And the medium for it to be a major tributary to the expansion of their projects, "according to the logic of reality imposed by the circumstances of the spread of the epidemic, in addition to the fact that electronic commerce has become a strategic trade trend not only in the Kingdom but also in the global economy in general .. Pointing out that the Asharqia Chamber has paid continuous attention to the issue of electronic commerce. For more than 20 years, she has discussed this matter in many events, and her dialogue continues with many parties concerned with this matter.
Al-Khalidi referred to the forum’s objectives that are concerned with spreading awareness of the importance of e-commerce and technology among owners of small and medium enterprises in the Kingdom of Saudi Arabia in general and in the Eastern Province in particular. And benefit from the distinguished and pioneering global experiences in the field of technology and e-commerce in support of small and medium enterprises.
For his part, the Chairman of the Young Businessmen Council in the Asharqia Chamber, Fahd bin Abdullah Al-Farraj, said that the forum’s activities seek to identify the best economic sectors in which to transform e-commerce and technology by small and medium enterprises and discuss ways to support them. Administrative, technical, and technical staff.
Al-Farraj indicated that the forum seeks to create a competitive environment to encourage entrepreneurs and owners of small and medium enterprises to initiate and work to educate young businessmen and women and urge them to present their ideas and take the initiative in it, and to inform them of some successful young experiences to benefit from them, and to know what the funding agencies offer to support Young men and women projects.
He pointed out that the forum will also discuss the role of potential and financed entities in the growth and sustainability of small and medium enterprises, and review promising investment opportunities in electronic commerce, supply chains, and logistics services for technical projects.
Officials and experts participating in the scientific program of the Virtual Small and Medium Enterprises Forum 2020 review a number of themes and topics of importance to the various specializations of the activities of the small and medium-sized enterprise sector in the Kingdom, most notably e-commerce and its importance in making the new economy in line with the Kingdom's 2030 vision.
The scientific program of the forum includes four sessions, where the opening session begins at 10:30 am, in which the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, Chairman of the Executive Council for Young Businessmen Fahd bin Abdullah Al-Farraj, and the Governor of the General Authority for Small and Medium Enterprises Eng. Saleh bin Ibrahim Al-Rasheed will speak.
In the first dialogue session held at 11 am under the title "Digital Competition for the Retail Sector", the President of the Saudi Restaurant Association "Qout" will participate, His Highness Prince Al-Waleed bin Nasser bin Farhan Al Saud, the CEO of Nana’s App Company, Eng. Sami Al-Hilweh, and the Chairman of the Board of Directors of the Association Retail and E-Commerce Mazen Bin Saleh Al-Darrab, and the session will be chaired by Ibrahim Al-Suhaibani, a member of the Business Youth Council.
In the second dialogue session held at 12:30 pm under the title "The Future Economy and the Realization of the Kingdom's Vision 2030", Dr. Ahmed Al-Thunayan, the Deputy Governor of the General Authority for Small and Medium Enterprises for Enterprise Services, will participate. The session is also chaired by a member. The Executive Council for Young Entrepreneurs, Engineer Muhammad Al-Muhammadi.
In the third and final dialogue session held at 2 pm under the title "Logistic Solutions for E-Commerce in the Kingdom", the Deputy Governor of the General Authority of Customs for Trade Facilitation, Eng. Abdul Rahman bin Sulaiman Al-Dhakir, the General Supervisor of Trade Affairs at the Saudi Post Corporation Abdullah Al-Jali, and the Managing Director of Zajil Al-Sorayaih Yasser bin Abdulaziz Al-Qadi. The session will also be chaired by a member of the Business Youth Council, Abdulrahman Al-Afaleq.
The workshop program accompanying the forum concludes today, where Abdulaziz Pasha, an electronic commerce specialist, will present a workshop entitled Basics of Passive Income from 7.30 pm to 8.30 pm.
Asharqia Chamber organized, remotely, last Sunday, a program of virtual workshops under the slogan of E-Commerce Week, which includes 7 specialized workshops presented by experts in business development and e-commerce. The first workshop was presented under the title of electronic payment solutions, Saad Al-Muhanna from the STC Pay team, while he presented the second workshop CEO of Perpetualtc Ahmed Al-Masaari, titled Steps of E-Marketing.
On the second day, specialist Barry Moltz participated in a workshop entitled Reimagining The Future. Specialist Barrett Ersek also presented a workshop entitled Unlock Innovation In Your Company.
On the third day, Eng. Abdulaziz Al-Hammadi from the Technical Transformation Company presented a workshop entitled: Fundamentals of Technology and Software, from 3:30 pm to 4.30 pm, and the Marketing Director of the Zed Nawwaf Al-Darrab platform also presented a workshop entitled Transformation for E-Commerce from 4.30 pm to 5.30 pm.
14 officials and experts participate in the dialogue sessions of the Virtual Small and Medium Enterprises Forum 2020 on Wednesday
02/11/2020
Organized by the Asharqia Chamber under the auspices of the Prince of the Eastern Province
14 officials and experts participate in the dialogue sessions of the Virtual Small and Medium Enterprises Forum 2020 on Wednesday
Officials and experts participating in the scientific program of the Virtual Small and Medium Enterprises Forum 2020 review several themes and topics of importance to the various specializations of the activities of the small and medium-sized enterprise sector in the Kingdom, most notably e-commerce and its importance in the new economy industry in line with the Kingdom's 2030 vision.
The scientific program of the forum organized by the Asharqia Chamber under the generous patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, on Wednesday, November 4, 2020, includes four sessions, where the opening session begins at 10:30 am and the Chairman of the Board of Directors of the Asharqia Chamber speaks, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, The Chairman of the Executive Council for Young Businessmen Fahd bin Abdullah Al-Faraj, and the Governor of the General Authority for Small and Medium Enterprises Eng. Saleh bin Ibrahim Al-Rasheed.
In the first dialogue session held at 11 am under the title "Digital Competition for the Retail Sector", the President of the Saudi Restaurant Association "Qout" will participate, His Highness Prince Al-Waleed bin Nasser bin Farhan Al Saud, the CEO of Nana’s App Company, Eng. Sami Al-Hilweh, and the Chairman of the Board of Directors of the Association Retail and E-Commerce Mazen Bin Saleh Al-Darrab, and the session will be chaired by Ibrahim Al-Suhaibani, a member of the Business Youth Council.
In the second dialogue session held at 12:30 pm under the title "The Future Economy and the Realization of the Kingdom's Vision 2030", Dr. Ahmed Al-Thunayan, the Deputy Governor of the General Authority for Small and Medium Enterprises for Enterprise Services, will participate. The session is also chaired by a member. The Executive Council for Young Businessmen, Engineer Mohamed Al-Mohamady.
In the third and final dialogue session held at 2 pm under the title "Logistic Solutions for E-Commerce in the Kingdom", the Deputy Governor of the General Authority of Customs for Trade Facilitation, Abdul-Rahman bin Sulaiman Al-Dhakir, the General Supervisor of Trade Affairs at Saudi Post Corporation Abdullah Al-Jali, and the Managing Director of (Zajil) Express Company Yasser bin Abdulaziz Al-Qadi, and the session is chaired by a member of the Business Youth Council, Abdulrahman Al-Afaleq.
Today, Tuesday, November 3, virtual workshops will continue under the slogan of E-Commerce Week, which is held on the sidelines of the forum. Abdulaziz Al Hammadi from the Technical Transformation Company will present a workshop entitled: Fundamentals of Technology and Software from 3.30 pm to 4.30 pm. Nawaf Al-Darrab added a workshop entitled (Transformation of E-Commerce) from 4.30 PM to 5.30 PM.
The workshops will be concluded tomorrow, Wednesday, November 4, with the participation of Abdulaziz Basha, an e-commerce specialist. He will present a workshop entitled Basics of Passive Income from 7.30 pm to 8.30 pm.
The workshop program was launched on Sunday, November 1, where the first workshop was presented, entitled Electronic Payment Solutions, Saad Al-Muhanna from the STC Pay Team, while the second workshop was presented by Ahmed Al-Masaari, CEO of (Perpetualtc Company), under the title Steps of Electronic Marketing.
On the second day of the program, corresponding to Monday, November 2, specialist Barry Moltz participated in a workshop entitled "Reimagining The Future". Specialist "Barrett Ersek" also presented a workshop entitled (Unlock Innovation In Your Company).
The Women’s Economic Forum 2020 reviews the leadership’s assessment of the importance and role of women economically and socially and plans to empower them
02/11/2020
It is organized by the Asharqia Chamber under the patronage the prince of the Eastern Province in late November
The Women’s Economic Forum 2020 reviews the leadership’s assessment of the importance and role of women economically and socially and plans to empower them
A member of the Board of Directors of the Asharqia Chamber Al-Anoud Bint Tawfiq Al-Rammah said that the sixth edition of the Women’s Economic Forum 2020 organized by the Asharqia Chamber under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province under the title “Empowerment and Ambition” is reviewed by officials, specialists, and specialists. Prominent, the most important of which are: the wise leadership’s appreciation of the importance and role of women economically and socially and plans to empower them, women in leadership positions and boards of directors, the Quality of Life Program 2020 and its economic impacts on women, in addition to discussing the issue of women at the G20 summit.
Al-Ramah explained that the forum, which will be held through visual communication technology on Wednesday 25 November 2020. It comes at a time when women continued to record successes in the field of work, following the confidence and support they found from the wise leadership, which contributed to increasing their participation in national development, pointing out that women in Saudi Arabia is capable of making accomplishments and has written successive successes inside and outside the homeland, stressing that the forum aims to highlight these achievements and highlight and document the march of Saudi women.
Regarding the contributions of the Asharqia Chamber, Al-Rammah pointed out that the Chamber sought, through the establishment of the Businesswomen’s Center, to be a framework through which the Chamber works to solve and remove the various obstacles facing businesswomen’s economic projects, and for the center to be a tool in mobilizing and mobilizing the efforts of businesswomen by activating the center’s role in organizing forums Economic This march will contribute to developing the economies of the region, rising rates of economic growth, and achieving more developmental gains.
For her part, a member of the board of directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, said that the forum was held over a period of five years, during which it discussed the most important issues that directly or indirectly affect women's economic empowerment. Development is a national and social necessity, and its economic empowerment, whether in family businesses or through organizations and associations of businesswomen, in addition to discussing the most important legislative and social obstacles.
Al-Turki indicated that the forum, in its sixth edition, seeks to discuss the honorable leadership’s appreciation of the importance of the economic and social role of women and plans to empower them by strengthening their presence in leadership centers and decision-making centers as well as strengthening their presence in various investment sectors that achieve the Kingdom's Vision 2030 programs and enrich the national economy.
Saudi Arabia is the first country in the Gulf countries to implement the idea of direct listing in the financial market
01/11/2020
During a meeting organized by the Asharqia Chamber with the Chairman of the Capital Market Authority, His Excellency Al-Quwiz
Saudi Arabia is the first country in the Gulf countries to implement the idea of direct listing in the financial market
His Excellency the Chairman of the Board of the Capital Market Authority, Muhammad bin Abdullah Al-Quwiz, stressed the importance of offering and listing in the market, as it has become a concern for many companies, whether in terms of obtaining financing or ensuring the sustainability of commercial entities that are the main pillar of the national economy.
Al-Quwiz encouraged companies during the meeting organized by the Asharqia Chamber on Tuesday evening October 27, 2020, and managed by the Chamber’s Chairman, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, the companies to pay attention to implementing governance procedures, indicating that this raises the rates of business continuity and expansion in their investments, pointing to a study confirming that companies Those that adhere to high standards of governance get 30 percent of investor evaluation and positive outlook for companies that do not adhere to the same level of standards.
Al-Quwiz said that listing in the financial market has several benefits and outlets, the most prominent of which is financing, as the financial market is ultimately a financing channel for productive projects that are in vogue and also characterized by a high ambition to finance their future projects and their growth in a sustainable manner, and went on to say that financing is either by increasing their capital or Through the exit of its shareholders to invest in other projects that serve the national economy.
Among the benefits that accrue to the company, Al-Quwiz said that the company, after its inclusion in the financial market and the transfer of ownership stakes in it into publicly traded securities, enables the owners, even if they do not want to sell, to obtain financing personally in exchange for their shares in ownership more than they would have been able when their companies were considered companies Especially, in addition to the marketing and coverage advantage, as part of the procedures for offering and listing in the financial market is working to expand the scope of knowledge of the company and its commercial features, which is what people, institutions and governments want to deal with and this is what we witnessed during the last period when we noticed that a remarkable number of companies Medium and small businesses are going through the experience of offering and listing in the financial market, and we began to notice the effect of the offering and listing process on the company's business and on the customers' satisfaction to deal with it because it became a customer and a shareholder at the same time.
Regarding the benefits of listing, Al-Quwiz pointed to many incentives that pervade work on them, which give listed companies a competitive advantage over other companies, whether in the state's procurement system or the Industrial Development Fund and many other government agencies, in addition to the advantage of attracting qualified cadres and competencies who increase their desire for Working for the company, especially when it becomes a listed company and has declared financial statements, disclosure, governance and separation between ownership and management, which gives those who work in the company reassurance that they work in a professional work environment and adds an element of positivity to these cadres, is that the listed company has the ability to reward them through stock ownership programs.
Al-Quwiz explained that the mere offering of the company and its inclusion in the financial market transfers ownership shares in it to shares that are considered securities that become a weapon for the company or a currency that it uses in the acquisitions or merger process and thus becomes a means for the company to expand its activity and maximize its market share, in addition to the company's sustainability and ensuring its continuity. Many successful companies change and stand either as challenges due to disagreements between partners, leaving an executive team, or leaving an owner. Their presence as a joint-stock company enables the sustainability of the entity regardless of its owners, board members, or executive team.
On the issue of fear of listing, Al-Quwiz pointed out that in the recent period the pace of communication with market participants has increased in order to communicate any changes and updates that have been worked on during the last period and to understand the elements of concern for companies and their owners from the process of offering and listing and during the communication stage we found a number of concepts The misconceptions, including that the offering and listing process begins and ends with the Capital Market Authority, and the truth is that the Commission’s role lies in the last link in a long process of equipping the company, preparing it and preparing its requirements. Apprehension, which is the prevalence of conversations about the authority requesting that the company be one of the companies that achieve profits in its business before the offering, and this is not correct as one of the requirements for listing is to provide the financial statements of the company within 3 years and not to be a profitable company.
Among the misconceptions, Al-Quwiz said that some people feel that the line of offering and listing is irreversible, and the truth is that part of the financial market system and its organizations is to find a return line for the company that wants to terminate its listing, pointing to a known mechanism related to the optional cancellation of the listing, however, there is no company that has implemented it yet. In addition, some may argue that some companies are not welcome in the offering and listing, and this information is incorrect, as the regulations of the Authority and the financial market do not differentiate between the size or the sector, but that all companies are welcome, and the difference may differ in the attractiveness of the company and the desire of investors to invest Finally, incorrect information spread about that the minimum bid requirement, which is 30 percent, is irreversible, and the truth is that, given only two previous years, the market granted exemptions to many companies by achieving a smaller percentage, especially companies with a large business volume, because the authority and with this Companies can be assured that even if the company is offered at a lower rate, it will maintain a high amount of liquidity, and this is what they aim for.
On the fact that many companies resort to financing from banks and not the financial market when financing is needed, Al-Quwiz said that banks are the main financing channel, but some companies reach borders with banks. Either they want a greater opportunity or that the financing is not enough or not suitable for them, or because of the focus on risks Some projects or areas of expansion that are not compatible with the idea of bank financing that is based on a fixed asset guarantee, as bank financing is known financing, with a known timeframe and a known rate, even if its costs are low, but usually the risk rate increases in some companies which banks take into account when thinking about granting loans. Especially in circumstances where there is high volatility, such as what the world is facing now from the effects of the Corona pandemic, and in those cases companies resort to the offering, which is a sustainable source of financing and is an additional source of financing, pointing to a third tributary that has begun to appear, which is financing through debt issues, whether they are bonds. Or instruments or others, as it has become a financing channel through the financial market, available through banks
Al-Quwiz explained during the meeting that the advantage of the direct listing is for companies that basically fulfill all the requirements of the offering before the offering process, noting that Saudi Arabia is the first country in the Gulf to implement this idea.
Seven workshops will be launched today within the activities of the Virtual Small and Medium Enterprises Forum 2020
01/11/2020
It is organized by the Asharqia Chamber under the patronage of His Highness the Prince of the Eastern Province
Seven workshops will be launched today within the activities of the Virtual Small and Medium Enterprises Forum 2020
His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud sponsors the Virtual Small and Medium Enterprises Forum 2020, organized by the Asharqia Chamber on Wednesday 4 November 2020 under the slogan "The Future of E-Commerce", with the participation of a number of government and private agencies that support and sponsor small and medium enterprises, most notably the Ministry of Communications Information Technology, and the General Authority for Small and Medium Enterprises.
Today, Sunday, November 1, 2020, within the activities of the forum, a number of virtual workshops will be launched under the slogan of E-Commerce Week, with the participation of specialists in the management and development of e-commerce and business, and the workshops will continue until Wednesday 4 November 2020.
The Chairman of the Young Businessmen Council in the Asharqia Chamber, Fahd bin Abdullah Al-Farraj, said that the first workshop to be held today entitled Electronic Payment Solutions, is presented by Saad Al-Muhanna from the STC Pay team, from 3.30 pm to 4.30 pm, and on the same day the CEO of Perpetualtc Ahmed Al-Masaari, a workshop entitled Steps of E-Marketing, at 4.30 pm until 5.30 pm.
On the second day, corresponding to Monday, November 2, specialist Barry Moltz participates in a workshop entitled Reimagining The Future from 3.30 pm to 4.30 pm, and on the same day specialist, Barrett Ersek presents a workshop entitled Unlock Innovation In Your Company from 4.30 pm to 5.30 pm In the afternoon.
On the third day, corresponding to Tuesday, November 3, Abdulaziz Al-Hammadi from the Technical Transformation Company will present a workshop entitled: Fundamentals of Technology and Software from 3.30 pm to 4.30 pm, and on the same day, the Marketing Director of the Zed Platform Nawwaf Al-Darrab will present a workshop entitled Transformation of E-Commerce from 4.30 pm Until 5.30 pm.
On the fourth day of the E-Commerce Week, corresponding to Wednesday, November 4, Abdulaziz Pasha, a specialist in electronic commerce, will present a workshop entitled The Basics of Passive Income from 7:30 pm to 8:30 pm.
Al-Faraj stated that the workshops confirm the forum’s endeavor towards achieving its goals, which include spreading awareness of the importance of e-commerce and technology among the owners of small and medium enterprises in the Kingdom in general and in the Eastern Region in particular. And benefit from the distinguished and pioneering global experiences in the field of technology and e-commerce in support of small and medium enterprises.
Asharqia Chamber reviews marketing strategies for small and medium enterprises
29/10/2020
Asharqia Chamber reviews marketing strategies for small and medium enterprises
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, on Thursday, October 29, 2020, reviewed marketing strategies for small and medium enterprises, during a remote-lecture entitled "How to choose your marketing mix", presented by the business developer, Abdullah bin Ali Al-Saad.
Abdullah Al-Saad said that information is the core and focus of the marketing process and that marketers must be fully aware of all the details about the product to be marketed, suppliers, and competitors in the local and regional environment, by studying their competitive advantages, stressing that the marketing strategy is the same, whatever the nature of the facility, and stressing the importance of Knowing the product and its competitive advantage, customer needs, and how will the product meet it?
Al-Saad explained that the marketing mix consists of five elements, namely: (promotion, product, place, slide, and pricing), indicating that the promotion includes personal selling, by using salesmen to promote the product and to stimulate sales with gifts, offers, and others, as well as advertising as a service that is paid for and has a price. Its objectives and means and advertising is a good feature that strengthens the network of relations and affects public relations, pointing out that the need to know the product and its suitability to the place is important in the marketing process.
Regarding pricing, Al-Saad said that it includes the value of raw materials, administrative costs, and promotion, and thus the selling price in the market, which can be done by determining the value of the product, its usefulness, and importance, as well as the customer's social position and financial position, as well as the market, trends, and method of pricing, indicating that the cost As it is the best way of pricing and it is done with the cost of adding to the profit margin.
Al-Saad pointed out the importance of realizing the target segments in the marketing process, such as suppliers who sell raw materials for projects, and allies with whom it is possible to enter into marketing partnerships, as they are those who provide a service in exchange for a service or cost price, as well as customers and their needs, competitors and contractors.
Asharqia Chamber organizes a workshop on creative thinking skills
29/10/2020
In cooperation with the branch of the Institute of Public Administration for Women in the Eastern Province
Asharqia Chamber organizes a workshop on creative thinking skills
Asharqia Chamber, represented by the Business Women Center, in cooperation with the Institute of Public Administration for Women in Eastern Province on Wednesday, October 28, 2020 AD, organized a remote workshop entitled "Creative thinking skills", presented by the Director of the Department of Trainees Affairs at the Institute, Abrar Al-Farhan, in the presence of a large number of pioneers And women entrepreneurs in the eastern region.
Al-Farhan said that thinking is the primary stage of creativity and that it is like a mental process and one of the tools that are used to achieve creativity. Thinking is a holistic, multi-faceted process aimed at creating a new idea of benefit, pointing out that the creative capacity of individuals differs from one individual to another, and it is wrong that We judge everyone by one scale.
Al-Farhan indicated that the most important characteristic of a creative person is his curiosity and not easily giving in, and he always looks at problems optimistic, unconventional, and flexible in his dealing with the ideas of others, as well as a sensitive person who enjoys challenges, humor, and imagination.
She explained that creative thinking is by changing the direction of ideas, flexibility, monitoring of details, fluency in expression, and originality, indicating that the creative process according to the West model is by identifying the need, then ideas, then application and persistence.
Regarding the tools of the creative process, Al-Farhan said, there is brainstorming, which is achieved by obtaining the largest number of ideas and finding effective questions. Creativity asks: Why? Why not ?, and thinking upside down, i.e. thinking opposite to the idea or opinion presented and finally the Skumber method for development, noting that thinking enhances our ambitions by enriching our innovative ideas. We will easily reach new horizons, share information, and communicate with people around the world.
Al-Farhan identified about 12 steps in order for the individual to become creative, such as for the individual to write what is in his mind, to surround himself with creative people, to be keen to develop a spirit of cooperation with others inside him, to be open to the world and to make his notebook with him wherever he goes, and to accept notes and criticisms He gets used to going to new places, knowing that his mistakes are to learn from them, and not to pressure himself and not try to imitate people and to put a list of tasks and finish his tasks.
Asharqia Chamber organizes a meeting of women entrepreneurs entitled "Work contracts and how to form them"
27/10/2020
Asharqia Chamber organizes a meeting of women entrepreneurs entitled "Work contracts and how to form them"
The lawyer and legal advisor, Sultan bin Abdulrahman Al-Samah, talked about work contracts, the mechanism for drafting them, and the importance of ensuring the clarity of contracts to protect the company and the employee.
During the meeting of the pioneers of the East, which was organized by the Asharqia Chamber represented by the Business Women Center on Tuesday, October 27, 2020, entitled "Work contracts and how to form them," Al-Samah said that the workshop aims mainly to provide the trainees with the knowledge and special provisions related to work contracts such as job offer, work contract, and the most important provisions Contracts.
Al-Samah gave an explanation of the job offer and the extent of its obligation, as he defined it as a letter addressed by the owner of the authority in the facility to one of the applicants wishing to join the facility. (The employer), indicating that with the approval of the applicant it is considered acceptance of this offer, and thus the two wills converge and the labor relationship takes place, but the legal effect of this relationship begins with the date the applicant commences work and the applicant’s refusal or the end of the offer period without acceptance is considered as if it was not and has no legal effect.
On the work contract and its drafting, Al-Hama said that it is a contract concluded between an employer and a worker, according to which the latter undertakes to work under the management or supervision of the employer in return for a wage, pointing to many types of contracts, including The temporary work contract that enters by its nature in the activity that the employer engages in and the nature of its completion A specific period, or focus on work itself and ends with its end, and in both cases does not exceed ninety days, and the casual work contract that is not by its nature included in what the employer carries out in his usual activity, and its implementation does not take more than ninety days and the seasonal work contract that takes place in regular periodic seasons. And the part-time work contract, which is performed by a part-time worker for an employer and for working hours that are less than half the normal daily working hours at the establishment, whether this worker performs his work hours daily or some days of the week.
And he indicated to other types of work contracts, which are the original work contract and its auxiliaries for individuals and it means the subject of their usual activity, and for establishments, it means the works that the establishment was established for the purpose of carrying out and stipulated in its articles of association or in the concession contract if it is from the franchise companies or in the commercial register, and a contract Original work for a limited period, which is a contract that is fixed for a period of time agreed upon by the parties to the contract or specified for the completion of a specific work, and finally the original work contract is for an unlimited period, which is an open work contract that has no time period.
7 workshops offered by professionals in business development and e-commerce within the Virtual Small and Medium Enterprises 2020 Forum
27/10/2020
It is organized by the Asharqia Chamber under the patronage of His Highness the Prince of the Eastern Province
7 workshops offered by professionals in business development and e-commerce within the Virtual Small and Medium Enterprises 2020 Forum
Under the slogan of the e-commerce week, which is held within the activities of the Small and Medium Enterprises Virtual Forum 2020 organized by the Asharqia Chamber with the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, the Chamber holds a number of virtual workshops in which specialists in Management and development of e-commerce and business, during the period from 1 to 4 November 2020.
The Chairman of the Business Youth Council in the Asharqia Chamber, Fahd bin Abdullah Al-Farraj, said that the forum, until the desired benefit circle is completed, will include specialized workshops that will review the most important requirements for business development, especially with regard to the technology and e-commerce aspect. The first work, entitled Electronic Payment Solutions, is from 3:30 pm to 4.30 pm, and on the same day, the CEO of (Perpetual)Ahmed Al-Masaari, will present a workshop entitled Electronic Marketing Steps from 4.30 pm to 5.30 pm.
On the second day, Monday, November 2, specialist Barry Moltz participates in a workshop entitled Reimagining The Future from 3.30 pm to 4.30 pm, and on the same day specialist, Barrett Ersek presents a workshop entitled Unlock Innovation In Your Company from 4.30 pm to 5.30 pm.
On the third day of the e-commerce week, corresponding to Tuesday, November 3, Abdulaziz Al-Hammadi from the Technical Transformation Company will present a workshop entitled: Fundamentals of Technology and Software, from 3:30 pm to 4.30 pm, and on the same day, the Marketing Director of the (Zed) platform, Nawwaf Al-Darrab, presents a workshop entitled Transformation for E-Commerce From 4.30 pm to 5.30 pm.
On the fourth day of the E-Commerce Week, corresponding to Wednesday, November 4, Abdulaziz Pasha, an electronic commerce specialist, will present a workshop entitled The Basics of Passive Income from 7:30 pm to 8:30 pm.
Al-Faraj stated that the workshops confirm the forum’s endeavor towards achieving its goals, which include spreading awareness of the importance of e-commerce and technology among the owners of small and medium enterprises in the Kingdom in general and in the Eastern Region in particular. And benefit from the distinguished and pioneering global experiences in the field of technology and e-commerce in support of small and medium enterprises.
Al-Farraj explained that the forum’s activities seek to identify the best economic sectors in which to transform e-commerce and technology by small and medium enterprises, discuss ways to support them, present the concept of technology transformation for small and medium enterprises as a strategic option, and develop the skills of owners of small and medium-sized enterprises in terms of administrative, technical and technical skills.
It is noteworthy that the forum discusses within its scientific program the role of potential and financed entities in the growth and sustainability of small and medium enterprises, and reviews promising investment opportunities in the e-commerce sector, supply chains, and logistics services for technical projects. Seeking to create a competitive environment to encourage entrepreneurs and owners of small and medium enterprises to take the initiative, and work to educate young businessmen and women, and to urge them to present their ideas and take the initiative in it.
Asharqia Chamber holds a meeting on the role of ambition in generating creativity
27/10/2020
Asharqia Chamber holds a meeting on the role of ambition in generating creativity
The Asharqia Chamber, represented by the Business Women Center, held a remote meeting on Monday, October 26, 2020, under the title (Ambition Generates Creativity), during which it hosted the interior designer and General Manager of VD Design Company, Amani Al-Ayed, and the media meeting was moderated by Nouf Talal.
Al-Ayed said that the new facilities and procedures approved by the government regarding the establishment of companies, and the great development witnessed by the e-government in the country, reflected positively on the business sector, especially of entrepreneurs and women entrepreneurs, and facilitated many of their steps towards launching into the world of entrepreneurship, stressing that it is not There is for young men and women who wish to self-employment now to focus only on goals and study their projects according to the needs of the market and come up with innovative and competitive ideas.
Al-Ayed pointed to the importance of focusing on quality as it is a safe passage to the market, moving away from despair and fully believing in the ability to succeed, advising young men and women to have sufficient information and data in various financial, administrative, and technical aspects of the project, so that their start is based on sound foundations to study the feasibility of their project for the market.
With regard to design and decoration, Al-Ayed explained that one of the most important points that must be focused on when choosing our homes is that we choose for ourselves and not for guests, so when we want to build we must take into account that the house meets the needs of the family and not the guests, and also we must focus on enjoying all corners of the house, Pointing out that the design does not focus only on aesthetics but on quality as well, and that there are no initiatives in bold and different designs and changing the stereotype of homes.
Al-Zahrani: Interest-free financing is a service provided by the Social Development Bank that helps boost business
27/10/2020
During a meeting organized by the Asharqia Chamber
Al-Zahrani: Interest-free financing is a service provided by the Social Development Bank that helps boost business
The Executive Director of Enterprise Finance at the Social Development Bank, Ahmed bin Ali Al-Zahrani, said that the bank aims to provide financial and non-financial services and effective and meaningful savings programs supported by qualified human cadres to contribute to social development and build companies with multiple sectors.
Al-Zahrani said during a remote meeting organized on the evening of Monday, October 26, 2020, the Asharqia Chamber represented by the Qatif Business Council, and managed by the Chairman of the Council, Eng. Small and emerging enterprises sector, and working to encourage savings and savings for individuals and institutions in the Kingdom and to find tools that achieve this goal, seeking to be a pioneer in enabling social development tools and enhancing financial independence for individuals and families towards a vibrant and productive society.
Al-Zahrani explained a number of services provided by the bank that help in the advancement of business, including the provision of interest-free financing, in addition to the grace period that starts from the date of disbursing the first payment for a period of 18 months or more, easy installments and a payment period of up to 96 months, in addition to providing programs and training courses, In particular, it works to qualify and sponsor entrepreneurs through training courses and free financial and marketing advice, noting that the bank provides interest-free loans to small and emerging enterprises and to citizens of crafts and professions to encourage them to pursue businesses and professions on their own and for their own account.
Al-Zahrani talked about the initiative of the (Dellny)Business Center, which is concerned with providing a package of non-financial services to small and medium enterprises, which vary between training, consulting, and guidance, with the aim of improving the performance of small and emerging enterprises and developing them to meet the challenges of understanding the market, the regulatory environment, how to manage business and access to the market, competition and prevention From faltering.
Eastern Municipality: A recommendation to build strategies between government agencies and other sectors to reach a "green economy"
27/10/2020
During a meeting organized by the Asharqia Chamber
Eastern Municipality: A recommendation to build strategies between government agencies and other sectors to reach a "green economy"
The Director-General of Services at the Municipal Affairs Agency in the Eastern Region Municipality, Dr. Khalifa bin Abdullah Al-Saad, said that the Municipality aims to raise the health and environmental level in the Eastern Province by increasing awareness among all members of society and implementing environmental programs and projects that achieve this goal
Al-Saad explained during a remote meeting entitled "Environmental Challenges and Solutions" organized by the Asharqia Chamber represented by the Environment Committee on Monday, October 26, 2020, and managed by the Chairman of the Committee Talal bin Sultan Al-Rasheed, that the Secretariat has made many efforts in this regard, including awareness, training, and health education programs for all segments of society.
Al-Saad announced a number of recommendations that the Secretariat adopts to reach a healthy and sustainable environment, namely: Building strategies between government agencies and other relevant sectors in reducing environmental pollutants to reach sustainable development “green economy”, and mobilizing efforts for all segments of society to reach health and environmental education. Aali targets different sectors and society, activating the role of science, schools and mosques in educating community members, in addition to developing a strategy for an early warning system regarding sensitive environmental issues and communicating by linking them with other government agencies, and also increasing the per capita share of the green area in cities and encouraging Different sectors and community members in protecting the environment, maintaining the environmental balance and limiting air pollution.
Al-Saad talked about some environmental problems facing the eastern region, many of which the Municipality worked to address, and sought to address many of them, which are represented by the air pollution that forms
From dust rising from quarries and crushers, galvanizing plants, air rising from factories loaded with dust and fumes, and smoke from burning solid waste.
Regarding the forms of water pollution, Al-Saad said that this consists of wastewater leaking from the dilapidated sewage networks or pits, and those that are directly dumped into waterways without treatment or seeping through the soil into the groundwater and the organic, inorganic and vital substances it contains, as well as the water produced from Industrial process wastes and their contents of organic and inorganic pollutants, and wastewater resulting from agricultural activities, which often contain pesticides, fungi, fertilizers, and animal excreta, in addition to pollutants resulting from human activities and their solid or liquid materials that are dumped into waterways or seeped through Soil to groundwater, referring to soil pollution, which results from waste and factory waste, and from the use of chemicals, such as pesticides and industrial fertilizers in agriculture, as well as from waste residues of homes, buildings, and other facilities.
Regarding the procedures used to treat the rubble, Al-Saad drew a number of procedures, namely: preparing studies and research to ensure the cleansing of the area from rubble waste, with the aim of reducing the costs of transporting it by the Eastern Region Municipality, studying and implementing the rehabilitation program for waste and debris removal contractors to reduce abuses, designing, implementing and developing a management program Rubble remnants, studying the sites of projects that produce rubble waste and registering them for monitoring. He said that the results achieved through this project are to reduce the phenomenon of random throwing of rubble in the cities of Dammam metropolitan area and to implement a program for the rehabilitation of contractors to remove rubble waste to reduce abuses, and to carry out field monitoring services in a manner complete.
Officials: The "Saber" platform aims to improve the cross-border trade index and improve the import experience
26/10/2020
During a workshop organized by the Asharqia Chamber
Officials: The "Saber" platform aims to improve the cross-border trade index and improve the import experience
Officials at the Saudi Standards, Metrology, and Quality Organization emphasized the importance of the Saber platform launched by the authority in achieving many desired goals, including Facilitating the entry procedures for goods and reducing commercial fraud.
The Director of the Technical Regulations Department at the Authority, Sultan bin Saleh Al-Shehri, explained during a workshop organized on the evening of Sunday 25 October 2020, the Asharqia Chamber in cooperation with the Authority to introduce the services of the Saber platform and review the mechanism of work in it, and managed by a member of the Commercial Committee Fahd bin Saeed Al-Sahim that the platform is characterized by shortening the time required for product launch In the Saudi market and facilitating the obtaining of conformity certificates for consumer goods, whether imported or locally manufactured, to enter the Saudi market, indicating that it aims to enhance product safety, raise the conformity index percentage to 80 percent, improve the cross-border trade index, reduce the time for customs clearance, and improve the import experience And obtaining the required certificates of conformity, and protecting the consumer from non-conforming products in the Saudi market, pointing out that "Saber" is an integrated electronic service that allows merchants of consumer goods to register their facilities in the system, and their consumer product data, whether imported or locally manufactured. In order to obtain the required certificates of conformity and certificates of conformity of consignments through the platform for products in the Saudi market.
For this part, the general supervisor of the product safety program at the authority, Abdul-Malik bin Abdulaziz Al-Tuwaijri said that the platform aims to protect commercial establishments from cases of fraud and to ensure that products are free from defects that may affect the health and safety of the consumer or his environment, stressing that the platform is subject to development in accordance with the highest standards of efficiency In terms of speed of completion of registration, as well as in reducing the time taken to obtain the required certificates.
He said that the (Saber) platform carries many added values, the most prominent of which are: direct contribution to raising the safety of products in the market, and raising the safety of products in the market, in addition to that the platform has made the customs clearance for the merchant to receive the product within 24 hours, and the availability of an electronic record of the products with an explanation of the destination The conformity assessment and port for each product, indicating continuous improvements to the system to meet the needs of the beneficiaries, pointing out that "Saber" is a multi-party and multi-party electronic platform that includes all products, and is applicable to all responsible regulatory authorities in the Kingdom.
Dr.Al-Shalaan: Finding alternative solutions to the challenges facing investors in the educational sector
26/10/2020
During a remote meeting organized by the Asharqia Chamber
Dr.Al-Shalaan: Finding alternative solutions to the challenges facing investors in the educational sector
The Director-General of Education in the Eastern Region, Dr. Nasser Al-Shalaan, explained that private and foreign education is a synonym for government education by employing the distinct human and material potentials in the educational field and as an integral part of the ministry’s educational system, especially that its goals and directions are the same as the goals and directions of the ministry, were creating an atmosphere It is suitable for partnership with the business sector in providing quality education opportunities according to various options, especially since both of them receive unlimited support from our rational government, may God bless it, and the Ministry of Education is working to translate its goals related to the ambitious vision 2030.
The Director of Education, Dr. Nasser Al-Shalaan, said during the virtual expanded meeting for the education sector organized by the Asharqia Chamber represented by the Training and Education Committee on Sunday October 25, 2020, amid the participation of the members of the Committee, along with the owners and owners of private and foreign schools in the Eastern and moderated by the Chairman of the Committee Khaled Al-Juaira, saying that we are living these days in An exceptional period and major challenges in light of the pandemic that require all of us, at the governmental and private education level, to work in the spirit of one team and to double efforts to follow up performance in a way that contributes to achieving the desired goals, and to create opportunities for improvement in front of the challenges facing the investment sector in private and foreign education in the Eastern Region and to help them overcome this stage as well as highlighting the efforts that accompanied and highlighted distance education in private and foreign schools by making use of modern electronic and technical services.
The Director of Education affirmed that the doors of the Ministry of Education are represented in the educational departments and are legislated to provide all kinds of support and opportunities for improvement to the private education sector, to represent their voice in the ministry and to encourage investors, in a manner that guarantees the quality of its outputs as a strategic partner in the map of the educational system, especially since government and private education represent two sides of the same coin that falls in the box. The advancement of our sons and daughters, students, in light of the generous support that the education sector is witnessing from our wise leadership, for its complete belief that the best investment lies in building the human being.
Al-Shalaan explained that facilitating, facilitating, and finding alternative solutions to the challenges facing investors in the educational sector, especially in light of what the Corona pandemic has brought about, is the slogan of the current stage, and that the general trend is more partnerships with the business sector, listening to it and taking their proposals to overcome this crisis.
Asharqia Chamber reviews the real estate tax in a workshop
25/10/2020
Asharqia Chamber reviews the real estate tax in a workshop
The spokesperson of the General Authority for Zakat and Income, Hammoud Al-Harbi, explained that the real estate disposal tax is a tax of (5%) calculated from the total value of disposal of real estate, which includes the sale, will, financial leasing, and leasing ending with ownership, regardless of its condition, form, or use at the time of disposal.
Al-Harbi reviewed, during a workshop organized remotely by the Asharqia Chamber represented by the Real Estate and Urban Development Committee, entitled “Real EstateTax", Thursday, October 22, 2020, the fields of tax application and cases excluded from the application, which amount to approximately (12) cases.
He also talked about taxable real estate transactions, explaining that all transactions that take place by way of sale and the like are subject to the real estate tax, and he also referred to the simple guide and the information it contains comprehensive awareness of all procedures related to real estate tax and provided an explanation of the terms of the executive regulations for the tax and the procedures for payment worth.
Al-Harbi said that the tax aims to support citizens and real estate developers, indicating the differences between it and the value-added tax.
The meeting comes within the framework of the committee's efforts and in cooperation with the General Authority for Zakat and Income to shed light on the real estate tax, and the most prominent of what is related to the real estate sector and urban development due to its important role in national development in order to achieve the goals of Vision 2030.
Soon, the cultivation license will be renewed electronically for those who were previously issued licenses
23/10/2020
An Officials from the Ministry of Environment, Water, and Agriculture during the sector meeting in which Organized by the Asharqia Chamber
Soon, the cultivation license will be renewed electronically for those who were previously issued licenses
Create 40 field schools nationwide, part of which is devoted to the Eastern Province
An Officials at the Ministry of Environment, Water, and Agriculture revealed several new initiatives, including the possibility of working to enable the renewal of an agricultural license for those who previously issued licenses, as the owner of the expired license can renew the license automatically through the "agricultural" application, and it is valid for one year, noting that work is in progress to make this service available.
Eng. Saad bin Muhammad Al-Zahra, Director General of the General Administration for Agricultural Services, said during the expanded meeting for the agricultural sector organized by the Asharqia Chamber represented by the Agriculture and Food Committee remotely Thursday October 22, 2020 entitled "Awareness and guidance on the importance of the agricultural and food sectors" that farmers granted this service during the Corona pandemic to contribute As a strategic option in providing food security, pointing out that the ministry is working to create good conditions for farms to obtain the services that they aspire to, as the service owner can obtain them within two weeks of progress through the application of "agricultural", pointing out that investment in the agricultural sector is available to all, He emphasized that there is coordination with the Ministry of Human Resources to improve the employment situation and change the job titles to suit the new market situation, in addition to raising the employment rate in the agricultural sector to 4 farmers.
For this part, Dr. Ali bin Muhammad al-Shaikhi, Director General of the General Administration of Fisheries, said during the meeting, which was moderated by the Chairman of the Agriculture and Food Committee in the Chamber, Muhammad bin Nasser Al Dayal, that the area available for fishing in the Arabian Gulf is one-third of the available area in the Red Sea. Two-thirds of the Kingdom's production from fisheries, indicating that the marine environment suffers from challenges and violations, and we are working to address it now, through our endeavor to make the marine environment one of the best natural environments.
Al-Sheikhi indicated that 4 investment brochures were received last week for projects of seaports in the eastern region, saying that the ports would become a civilized interface for coastal tourism in the eastern region.
For his part, Engineer Ayman bin Saad Al-Ghamdi, Director General of the Department of Plant Health, said that we aim to be the first line of defense for plant wealth and protect plant health from pests and disasters and work to combat them, through monitoring and detection of pests.
Al-Ghamdi pointed out that the ministry provides a group of pesticides according to the plan, which depends on the spread of pests and crops in each region, according to the percentage of need present in it, indicating that the pesticides are provided so that technicians and specialists can use them.
Dr. Bandar bin Muhammad Al-Saqhan, Director General of the General Administration of Agricultural Research and Extension, confirmed that the ministry has many initiatives and projects that benefit the sector, pointing to research projects that provide appropriate recommendations to farmers and that contribute to raising awareness and proper guidance for their work, stressing that there is a tangible development at the level of Guidance through electronic communication with farmers, whether using applications or others, saying that one million consultations were provided during the Corona pandemic.
Al-Saqhan announced the ministry’s intention to create 40 field schools, of which several schools will be in the eastern region, as a contribution from the ministry to developing farmers ’capabilities, explaining that the route of the agricultural convoy that recently launched in Riyadh will pass over the eastern region in its second phase and it is likely that it will reach Region next week.
He also talked about several initiatives such as the palm and dates initiative, as well as promising crops, and a new initiative to be launched soon devoted to agriculture without using "hydroponic" soil, and the provision of monitoring devices for pesticide residues, praising the Al-Hasa Research Center, which is one of the best research centers in the Kingdom, which provides its services to farmers.
Dr. Suleiman bin Ali Al-Khatib, Director General of the General Administration of Plant Wealth, said that the administration is mainly concerned with everything related to plant wealth and plant production and everything that goes into the production chain, starting with production inputs, and the administration also takes into account issues related to the crop composition at the regional and governorate levels.
Al-Khatib indicated that the administration is working on developing guidelines for best agricultural practices to control the quality of products, procedures, and agricultural steps, and we have also worked to launch the quality mark (Saudi Gab) to raise the level of health and safety of products and achieve food security.
Women entrepreneurs and entrepreneurs review their experiences in the pioneers dialogue in the Asharqia Chamber
22/10/2020
Within the pioneers dialogue program series
Women entrepreneurs and entrepreneurs review their experiences in the pioneers dialogue in the Asharqia Chamber
Saudi business leaders emphasized that investment opportunities in the Kingdom are numerous and exist in various fields, and the entrepreneur should seize them and immediately start their implementation paths, pointing to the need for a pioneer or entrepreneur to raise the slogan (decision, then persistence), and be patient to reach the goals to be achieved, and work On providing their expertise with experiences around them in their chosen fields, and that success comes when belief in the idea, work and insistence on implementing it begins, calling on entrepreneurs and business leaders to have a good familiarity with all aspects of the project, as it pushes to increase their ability to face challenges and develop solutions to address them.
This came during the pioneers dialogue meeting, held by the Asharqia Chamber, represented by the Young Businesswomen Council, in cooperation with the Chamber's Hospitality and Entertainment Committee, on the evening of Wednesday October 21, 2020, through visual communication technology, in the presence of many young women and men of business in the Eastern Province.
The meeting, titled “Pioneers of Investment Success in Light of the Crisis,” and moderated by the radio presenter, Mr. Ahmed Al-Hashem, was hosted by the founding partner of (The Gathering and Qamra), Professor Saja Fahad Al-Husseini, and the founder and CEO of (Shgardi App), Mr. Abdulaziz Ahmed Al-Mousa.
For her part, Al-Husseini, she confirmed that the Corona crisis was for her and her work team an opportunity to launch her new project, "Qamra" for advanced luxury camping, which consists of fully-built, environmentally friendly luxury camping units, which were launched at the highest peaks of Mount Souda, noting that the crisis We also had an opportunity to launch a new and innovative camping project. It was an opportunity for the Saudi citizen to rediscover the nature and beauty of our country.
Al-Hassani said that, with persistence and determination, the project exceeded its challenges, pointing out that audacity is the basis of success, and that entrepreneurs and entrepreneurs should be owners of new and innovative ideas and be bold in implementing their ideas on the ground, and indicated that the crisis has opened new doors for investment. And that the Kingdom today is a catalyst for investment, especially in the tourism sector, advising young business men and women not to take time to think without implementation, and to make sure to publish their successful experiences so that they can be a reference for others wishing to do business, stressing at the same time the need to start the project To mastery, because it is the right entrance to building a good project.
For this part, Al-Mousa said that the Shgardi application is a delivery application that links delivery agents to customers, and that it started from the eastern region, specifically from the city of Khobar and then to the rest of the Kingdom, indicating that the crisis enabled us to start, as it represented the right time for us, so we intensified efforts and made bold decisions and considered us On the one hand, the project is a national duty that supports the community in light of the closure that has taken place, and on the other hand, a commercial opportunity that we must exploit.
Al-Mousa stressed the importance of reading successful experiences and consulting their owners, as it gives a pioneer or entrepreneur a full knowledge of the various aspects of the project and its problems, and how to deal with them, advising not to stop too much at the element that the market has many players, so what entrepreneurs have to do is strive to research, study and fully prepare.
The Ministry of Communications and Information Technology participates in the activities of the Virtual Small and Medium Enterprises 2020 Forum
21/10/2020
It is organized by the Asharqia Chamber under the patronage of His Highness the Prince of the Eastern Province
The Ministry of Communications and Information Technology participates in the activities of the Virtual Small and Medium Enterprises 2020 Forum
The Ministry of Communications and Information Technology is participating in the activities of the Small and Medium Enterprises 2020 Virtual Forum organized by the Asharqia Chamber on Wednesday 4 November 2020, entitled "The Future of E-Commerce" under the generous patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, affirmed the interest of a number of government and private agencies that support and sponsor small and medium enterprises to participate in the activities of the forum, pointing to the scientific program of the forum covering many aspects that the sector benefits from in line with the Kingdom's 2030 vision.
Al-Khalidi said to the Saudi market and the transformation it is witnessing, the most prominent of several options in front of the small and medium-sized enterprises sector. Perhaps we noticed during the crisis of the Corona pandemic the prosperity of electronic commerce and the subsequent advantages and logistical services that it has become a condition for commercial work and an inevitable necessity to continue work so that many large entities have become available Online sales services with the option of electronic payment and more.
Al-Khalidi indicated that the forum, whose activities are transmitted through visual communication technology, falls within the many activities undertaken by the Chamber to support the supreme national options in support of the principle of enhancing the presence of small and medium-sized enterprises in the economic scene, pointing out that the vision of the forum revolves around "promoting the transition to electronic commerce for owners of small enterprises And medium "in line with the language of the contemporary economy. Hence, the forum carries a message and a slogan represented in transforming" the concept of e-commerce for the owners of small and medium enterprises to be the main tributary for the expansion of their enterprises. " The global economy as a whole .. Pointing out that the Asharqia Chamber has paid continuous attention to the issue of electronic commerce for more than 20 years and has discussed this matter in many events, and its dialogue continues with many parties concerned with this matter.
Al-Khalidi indicated that the forum aims to spread awareness of the importance of e-commerce and technology among the owners of small and medium enterprises in the Kingdom in general and in the Eastern Province in particular. And benefit from the distinguished and pioneering global experiences in the field of technology and e-commerce in support of small and medium enterprises.
For this part, The Chairman of the Young Businessmen Council in the Asharqia Chamber, Fahd bin Abdullah Al-Farraj, said that the forum’s activities seek to identify the best economic sectors in which to transform e-commerce and technology by small and medium enterprises and discuss ways to support them, and to present the concept of technology transformation for small and medium enterprises as a strategic option, and to develop The skills of owners of small and medium enterprises in administrative, technical and technical.
Al-Faraj said that the forum will also discuss the role of potential and financed entities in the growth and sustainability of small and medium enterprises, and review promising investment opportunities in the e-commerce sector, supply chains, and logistics services for technical projects. Seeking to create a competitive environment to encourage entrepreneurs and owners of small and medium enterprises to initiate, and work to educate young businessmen and women, and to urge them to present their ideas and take the initiative in it.
Asharqia Chamber organizes an introductory meeting on financing solutions for male and female entrepreneurs
21/10/2020
Asharqia Chamber organizes an introductory meeting on financing solutions for male and female entrepreneurs
Asharqia Chamber, represented by the Business Women Center, in cooperation with the General Authority for Small and Medium Enterprises "Monshaat", on Tuesday, October 20, 2020, organized a remote introductory meeting about the financing solutions provided by "Monshaat" for entrepreneurs, presented by the Director of the Banking Finance Department in "Monshaat Mr. Faisal Al Hammadi, who knew about the electronic finance portal, said: It is an electronic portal whose mission is to bring together or link between private financiers and small and medium enterprises wishing to obtain financing, and to enable them to choose the appropriate financing offers.
Al Hammadi indicated that the platform aims to assist small and medium enterprises in obtaining appropriate financing, expanding the customer base and reaching promising areas, as well as opening the door for competition between multiple financing agencies to offer appropriate financing offers, as the portal facilitates for entrepreneurs wishing to obtain financing To the financing agencies without the need to leave the facility headquarters, which contributes to saving the time and effort required to obtain the appropriate financing.
Al-Hammadi said that the participating funding bodies are characterized by great diversity, between commercial banks and non-bank financing companies licensed by the Saudi Arabian Monetary Agency, pointing to the possibility of the owner of the facility to submit more than one request for financing, stressing that the applicant can choose more than one financing entity, indicating That the initial approval of the financing is given within a maximum period of 15 working days, in the event that all the required documents are completed.
Al-Hammadi indicated that the steps necessary to take advantage of the platform, which start by logging in to the electronic platform, by using the unified national access portal, and then choosing the facility and filling out the funding application form, after which the application is sent to the selected financing agencies, and thus the start of Receive offers from the available financing agencies, and finally the contracting and the end of the financing phase.
Regarding the conditions for benefiting from the platform, Al-Hammadi said, they differ based on the type of financing solutions and products required, in addition to the credit policies followed by the financing agencies participating in the portal, pointing out that the financing period is determined by the funding bodies, and the period usually varies according to the type of financing solutions and products. Provided by the financing authorities and their policies, in addition to the facility's owner's ability to pay.
Women's empowerment efforts boosted women entrepreneurs to enter the practice of entrepreneurship in East region
20/10/2020
During a remote meeting with Jubail businesswomen
Women's empowerment efforts boosted women entrepreneurs to enter the practice of entrepreneurship in the East region
The Director of the Business Women Center in the Asharqia Chamber, Hanan Al-Wabel, said that the center seeks to provide a qualitative addition in caring for the interests of businesswomen in the region, through distinguished performance and various services, so that these services will drive their institutions to further development and renewal, and in a manner that enhances their contribution The comprehensive development process for the region, in a way that achieves the aspirations and aspirations of society, as well as the aspirations of the Chamber, and the hopes of businesswomen.
Al-Wabel indicated that the number of the Chamber's participants reached about (10192) female participants and that this number is a natural product of what women began to enjoy under the wise leadership, and she alluded to the total services provided by the center to businesswomen such as advisory and awareness services such as meetings, workshops, etc. Subscriptions and authentication of commercial documents and notebooks and the authenticity of documents, keeping and updating databases, ensuring quick and easy access to them for subscribers, as well as acting as a link through the Committee Affairs Department between businesswomen and relevant government agencies.
This came during a remote meeting held by the Asharqia Chamber, represented by the Business Women Center, on Monday, October 19, 2020, with Jubail businesswomen, as part of the center’s activities to introduce the services it provides in order to meet the needs of the region’s businesswomen.
Alwabel clarified that the Chamber is always keen to provide distinguished training bags in various administrative, accounting, legal, and other fields, as well as professional employment services and meet the needs of the business sector of national competencies, pointing to what the center is constantly working on in terms of developing subscriber services and finding ways to improve The level of these services and that it is active in organizing many women's events with economic dimensions, and works to receive delegations of businesswomen and student delegations, and participates in local and foreign exhibitions to define the role of the center in serving businesswomen, pointing out that the center creates and updates databases and information on businesswomen continuously.
Alwabel talked about the executive councils and women’s committees affiliated with the center, and the related tasks they carry out in coordinating and following up on regulations and decisions related to sectors related to women and proposing amendments to them in light of practical implementation, studying draft systems and decisions, giving opinions on them, in addition to activating women's participation in the district councils and membership. Other national and governmental committees, developing mechanisms of communication with the business community and ensuring equal opportunities, as well as activating the participation of businesswomen in international and local forums.
Al-Athel: The number of applications from companies wishing to enter the "Nomu" market has increased after the Corona pandemic by more than 80 percent
20/10/2020
During a remote meeting organized by the Asharqia Chamber
Al-Athel: The number of applications from companies wishing to enter the "Nomu" market has increased after the Corona pandemic by more than 80 percent
The head of the General Administration for Listing - the Saudi Stock Exchange "Tadawul", Naif Al-Athel, said that the "Nomou" market is a parallel market that has fewer listing requirements. It is also an alternative platform for companies wishing to be listed, and that investment in it is intended for qualified investors.
Al-Athel spoke during a remote meeting organized by the Asharqia Chamber represented by the Young Businessmen Council on Monday evening October 19, 2020, entitled "The Role of the Financial Market in Supporting Small and Medium Enterprises" that the market is allocated to companies whose capital reaches 30 million riyals, indicating that the number of deals in the market It rose to 13 percent, and the number of applications from companies wishing to enter the "growth" market increased after the Corona pandemic by more than 80 percent.
Al-Athel stated during the meeting that the main goal of establishing a growth market is to provide an additional source of financing for companies, increase capital, increase the diversity of available investment tools and deepen the Saudi financial market, pointing out that the market is characterized by more flexible standards and requirements, with the possibility of moving to the main market after taking Regulatory approvals.
Al-Athel explained a number of measures that characterize the market that contributed to creating flexibility for companies, including offering at least 20% of the shares or listing a minimum value of 30 million Saudi riyals for the value of listed shares, whichever is less and changing the period of disclosure of financial statements from Quarterly to semi-annually, indicating that companies wishing to switch from a growth market to the main market have advantages as they can meet the liquidity requirements through the future promise service, as they can fulfill the requirement after the offering, and companies can move to the main market directly with reduced capital from 300 million riyals, which is required for listing in the main market, to 30 million riyals.
Al-Athel revealed that the market is witnessing remarkable prosperity, heading towards its main goal of increasing the number of companies, which positively affects the national economy, as the market recently witnessed the transfer of 7 companies and this is an achievement for the Saudi market and also for the business sector, which interacted with the requirements and was able to arrange its papers and govern its procedures to ensure business Growing and sustainable.
Al-Athel advised family companies to move away from fear and anxiety about transformation and start governing their business before listing, so that they are ready for listing, noting that the companies that were listed have strengthened their position economically and in banks, and have obtained various privileges, stressing that the listing has a major role in the development and sustainability of the company.
Asharqia Chamber organizes a business sector meeting with His Excellency the Chairman of the Capital Market Authority
19/10/2020
Asharqia Chamber organizes a business sector meeting with His Excellency the Chairman of the Capital Market Authority
Asharqia Chamber is organizing a meeting for the business sector with His Excellency, Chairman of the Board of the Financial Market Authority, Mohammed bin Abdullah Al-Quweiz, on Tuesday 27 October 2020.
The meeting, which is held remotely via (zoom) platform at 7.30 pm, talks about the importance, benefits, and requirements of listing and misconceptions about it, the parallel market "Nomu" and direct listing, in addition to the governance and disclosure of listed companies, and the most prominent changes in the financial market in the coming period.
The meeting also reviews the steps taken by the authority to develop the market and move it from the local to the global, in addition to enhancing disclosure and transparency, providing options for investors more, and the new paths that aim to provide additional options for financing and reduce the cost of financing for companies, and work to remove some obstacles that stand in front of some Companies during its offering, as they were facing several challenges from some of the organizations associated with them, which prevent them from being able to list.
The meeting will discuss many important axes related to the importance of the market and the great benefits that companies will benefit from from the listing process, especially with regard to the governance of their procedures and financing services, in addition to the requirements of the market, leading to the shortening of a number of procedures and requirements for companies before they are offered for public subscription in the financial market.
Asharqia Chamber invites the business sector in the Eastern Province to join the meeting to benefit from the dialogues and discussions that will be raised during it, and also to enrich the meeting with targeted discussions that will deliver a direct message to the business sector about the updates taking place and the importance of ideas and initiatives that contribute to developing market performance in a way that serves national development.
A Specialist: Investing in the cultivation of native plants is of high economic feasibility and social benefit
19/10/2020
During a meeting organized by the Asharqia Chamber in cooperation with the Ministry of Environment, Water, and Agriculture
A Specialist: Investing in the cultivation of native plants is of high economic feasibility and social benefit
The Director of Forestry and Afforestation Department at the Ministry of Environment, Water and Agriculture Dr. Kutayba Al-Saadoun explained the importance of cultivating local plants, which would create an ideal home for the reproduction of wildlife and endemic and migratory birds, most of which were lost through reverse migration or extinction due to the deterioration of the vegetation cover that used to provide them with food and haven.
Al-Saadoun said during a meeting organized by the Asharqia Chamber represented by the Environment Committee remotely on the evening of Sunday, October 18, 2020, and managed by the Chairman of the Environment Committee of the Asharqia Chamber, Talal Al-Rasheed, entitled "Protected areas for wildlife, planning for them, ways of managing them and the components of their success" that investment in this sector is of high economic feasibility and great social benefit Emphasizing the business sector's interest in the issue of aquaculture and investment in it.
Al-Saadoun stated that the local plants are those that grow naturally in forests, valleys, pastures, and other sites in the local environment without human intervention, and are in the form of trees, shrubs, or herbaceous plants, etc., indicating that local plants are distinguished by their beauty and tolerance to harsh weather factors, such as the lack of rain and the high degree Heat, as well as its tolerance to cold weather, according to its regional climate.
Al-Saadoun pointed to the importance of local plants for ecosystems and wildlife, most of the local plants have food and medicinal uses and other benefits of high economic feasibility. Heat also helps raise humidity and increase precipitation.
And about the advantages of local plants among the Saadoun that they are characterized by their low consumption of water, after their growth, they do not need, in most cases, irrigation, relying on rainwater, as they do not need fertilizers or pesticides, in addition to the fact that the costs of caring for them are low and are resistant to insect and fungal pests Some of them are flowering and represent pastures for bees, such as Sidr, Talh, and others.
Al-Saadoun talked about exotic plants that spread at the expense of local plants, such as Mesquite in the coastal plains of the Tihama, stunted figs in the Fifa Mountains, and false tobacco shrubs that have spread widely, especially in the Al-Baha region and most of the southern region, some of which have damage to health and infrastructure, such as Albzromia.
A specialist warns entrepreneurs against copying the prices of competitors' products in the market
19/10/2020
A specialist warns entrepreneurs against copying the prices of competitors' products in the market
Fawzia Al-Qahtani, a project researcher at the Social Development Bank, warned business leaders against neglecting a mechanism for borrowing products and copying commodity prices from the list of competitors in the market, bearing in mind several reasons, the most important of which are: different customers, marketing methods and content.
Al-Qahtani said during a remote meeting organized by the Asharqia Chamber represented by the Business Women Center in cooperation with the Social Development Bank, Sunday, October 18, 2020, entitled "Product Pricing"
That the price is the value given to a certain good or service that is expressed in monetary terms, so the benefit that the consumer gets from owning a certain good or service is expressed in the form of a certain value that is translated by the business in the form of a specific price that the consumer pays a price for this benefit, and thus The price paid does not reflect the physical components of the commodity but includes many other aspects such as intangible efforts, the goodwill of the product, and the total services associated with the sale of the good or service.
Al-Qahtani explained that borrowing products or services aim to maximize profits so that the goal of the marketing policy in maximizing profits can be achieved by trying to obtain a high-profit margin instead of relying on large quantities. It also aims to maximize sales so that the goal of the marketing policy in maximizing sales can be achieved through The institution follows the policy of low prices as it reflects the institution’s desire to reach the largest possible segment of consumers and maximize its share of the market, in addition to keeping pace with the market, such as the institution resorting to monitoring the prices of competitive products and the development of consumers ’purchasing power and trying to adopt a price level close to the prices of competing products in a way that allows development the sales.
Al-Qahtani advised business leaders and entrepreneurs to pay attention to pricing and its mechanisms, as a good price is a price in which you avoid bad methods and take into account most of the factors affecting profits and sales, and therefore the first step must be to determine the most expensive competing product in the market compared to your product, its marketability, how the market will receive its price, and the step The second, which is one of the good methods of pricing, is not to put many zeros in the price of the product, instead of 20 riyals, you can change it for 19 riyals, which is one of the old ways that companies follow to influence the buying decisions of the consumer, and the third step is focused on developing the product and promoting it according to a time plan Specific, and this is a good way to increase sales and market the product. If the product is worth the price that was actually set for it, the buyers will market it, by talking about its quality.
Al-Aradi: Reducing bank guarantees to 25% according to the provisions of the updated municipal real estate disposal regulations
15/10/2020
During a meeting in the Asharqia Chamber about the role of the region’s secretariat in supporting entrepreneurship
Al-Aradi: Reducing bank guarantees to 25% according to the provisions of the updated municipal real estate disposal regulations
The Undersecretary for Investments at the Eastern Province Municipality, Eng. Hamdan Al-Aradi said that there are significant changes and improvements that have occurred in the provisions of the regulation on disposing of municipal real estate, both in terms of improving contractual terms, by increasing the contract period from 25 to 50 years and reducing bank guarantees from 100% to 25%, or In terms of raising the quality of investment offers, by verifying the eligibility of investors before launching projects that require specialized expertise, and by engaging the private sector by enabling partnership with it through various models.
This came during a remote meeting organized by the Asharqia Chamber, represented by the Young Businessmen Council, on Thursday, October 15, 2020, on the role of the Eastern Province Municipality in supporting entrepreneurship.
Al-Aradi indicated that the goal behind updating the regulation on disposing of municipal real estate is to achieve the four benefits, in terms of (attracting investments, creating mobility in the development process, creating more job opportunities, and improving the quality of life), pointing out that the updated regulation also included several improvements. Related to achieving optimal utilization of municipal real estate, by investing in public parks within two years of adopting the scheme instead of 5 years, which would achieve an increase in the number of parks, raise the level of residential neighborhoods, improve the quality of life, and also by increasing the return on investment of the municipality on long contracts by a percentage Empowering municipalities to rent their properties for temporary purposes, on a daily, weekly, or monthly basis, or according to events and events, which would expand the opportunities for holding events, enhance the economy of small enterprises, and create opportunities for community participation.
Al-Aradi said, during the meeting, that the changes that occurred in the provisions of the regulation on disposing of municipal real estate would affect society and the investment environment, as they target a sustainable urban society with quality municipal real estate and renewable economic activities that contribute to creating jobs for citizens, and providing an attractive investment environment through Extending and handing over contracts, and providing them with more easy standardized procedures, thus supporting the GDP by stimulating local investments and attracting foreign investments, and reducing dependence on the state budget by making optimal use of municipal real estate.
At the end of the meeting, Al-Aradi reviewed the "Sanaa" initiative, saying: (It is an initiative that works in partnership between the Municipality and the Asharqia Chamber to provide a group of lands at a symbolic price to create an incubator investment environment for light national industries that work to diversify investments and local industries for young men and women in the region with an electronic mechanism based on foundations and standards. To choose the best beneficiary, which is conducive to achieving the goals of the vision by reaching the contribution of small and medium-sized enterprises in the GDP from 20% to 35%).
The Prince of Eastern Province sponsors the Women’s Economic Forum 2020 next November
14/10/2020
Organized by the Asharqia Chamber represented by the Business Women Center under the title "Empowerment and Ambition"
The Prince of Eastern Province sponsors the Women’s Economic Forum 2020 next November
Asharqia Chamber, represented by the Business Women Center, organizes the activities of the sixth edition of the Women’s Economic Forum 2020 under the title “Empowerment and Ambition” under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, where preparations are underway for organizing the event, which will be held via visual communication technology on Wednesday 25 November 2020.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the patronage of His Highness the Governor of the Eastern Province, stressing that it represents the great support for the initiatives of the women’s business sector in the region, pointing to His Highness’s keenness to support the Chamber’s programs and activities directed to this sector.
Al-Khalidi explained that the forum comes at a time when women continued to record successes in the field of work, following the confidence and support they found from the wise leadership, which contributed to increasing their participation in national development.
For her part, a member of the Board of Directors of the Asharqia Chamber Al-Anoud bint Tawfiq Al-Ramah said that the Asharqia Chamber sought, through the establishment of the Business Women Center, to be a framework through which the Chamber works to solve and remove the various obstacles facing the economic projects of businesswomen, and for the center to be a tool in mobilizing and mobilizing the efforts of businesswomen. By activating the center’s role in organizing economic forums, this process will be strengthened in order to contribute to developing the region’s economies, rising rates of economic growth, and achieving more developmental gains.
Al-Rammah indicated that the forum is through officials, specialists and specialists, prominent axes, the most important of which are: the rational leadership's appreciation of the importance and role of women economically and socially and plans to empower them, women in leadership positions and boards of directors, and the Quality of Life Program 2020 and its economic effects on women.
For her part, a member of the Board of Directors of the Asharqia Chamber, Nouf Bint Abdulaziz Al-Turki, said that the forum was held over a period of five years, during which it discussed the most important issues that directly or indirectly affect women's economic empowerment, as it discussed in its previous version the support and financing of small and medium enterprises, and women's partnership in Development being a national and social necessity, and its economic empowerment, whether in family businesses or through organizations and associations of businesswomen, in addition to discussing the most important legislative and social obstacles, and today in its sixth edition we seek to discuss the honorable leadership’s appreciation of the importance of women’s economic and social role and plans to empower them by strengthening their presence in centers Leadership and decision-making centers also enhance their presence in the various investment sectors that achieve the Kingdom's Vision 2030 programs and enrich the national economy.
Asharqia Chamber organized an awareness lecture on "the dangers of Coronavirus for breast cancer patients"
13/10/2020
Asharqia Chamber organized an awareness lecture on "the dangers of Coronavirus for breast cancer patients"
The deputy head of the radiology department at the Eye Specialist Hospital in Dhahran, Dr. Andira bint Muhammad Bukhamseen, said that a cancer patient needs double care in these times after the spread of the Corona pandemic, which causes weakening of the patient's immunity in general, noting that the person with cancer is basically immunocompromised, so we must protect him from infection with the Coronavirus.
Bukhamseen explained during a meeting organized by the Asharqia Chamber represented by the Business Women Center on Monday evening October 12, 2020, entitled "The risks of the Coronavirus on breast cancer patients", that Covid-19 disease is an infectious disease, which was discovered from the Coronavirus strain. There was no knowledge of the existence of this new virus and its disease before the start of its outbreak in the Chinese city of Wuhan in December 2019. Covid-19 has turned into a pandemic affecting many countries of the world, and it is easy for the patient to be a cancer patient, especially since the infected people share weakness Immunity, which is the main reason for the entry of Corona disease into their bodies.
Bukhamseen indicated that cancer is a disease that affects cells, which are considered the basic unit in building the body. Our bodies create new cells continuously until the growth process takes place, and the dead cells are replaced, or to treat damaged cells after injury, noting that certain genes control this process. Then, cancer disease occurs as a result of damage to those genes that usually affects a person in his life.
Bukhamseen indicated that the prevalence of breast cancer among women in the Kingdom has reached 14%. Among one hundred thousand women, 25% of cases may reach the doctor in the fourth case, which is the stage of spread, and the cases of recovery from breast cancer exceed 95% if the tumor is still in its early stages and the delay in detection may drop to 25%.
Bukhamseen said that breast cancer ranks first in comparison to all tumors that affect women, as there are approximately 800 cases of breast cancer diagnosed annually in the Kingdom according to the statistics of the National Cancer Registry, and the most affected areas in the Eastern Province, Makkah, and Riyadh.
The "Free Specialized Consulting" program witnesses interaction from entrepreneurs
12/10/2020
The "Free Specialized Consulting" program witnesses interaction from entrepreneurs
The free specialized consulting program organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center on Monday, October 12, 2020, witnessed a remarkable interaction of entrepreneurs who communicated remotely with several specialists on the legal side. Business or those who are thinking of establishing a new project.
The specialists received entrepreneurs wishing to benefit from the program through visual communication and provided them with several advice, guidance, and proposals for appropriate solutions to the challenges and difficulties facing the owners of these establishments on the legal side.
This program targets all those wishing to start their own projects and owners of small and medium enterprises, as the Chamber's staff participating in this program provides a package of practical advice aimed at developing their business and projects as part of the Asharqia Chamber's efforts to take care of this vital sector.
Eng. Al Sharari: Implementation of 70 new projects next year
12/10/2020
During a remote meeting organized by the Asharqia Chamber
Eng. Al Sharari: Implementation of 70 new projects next year
Eng. Hamdi bin Dabashi Al Sharari, The head of the Eastern sector at the National Water Company, affirmed that the company will continue to develop its services directed to customers in order to reach the goal of improving services that are in line with international standards and in line with the Kingdom's 2030 vision.
Al Sharari said during the meeting organized remotely by the Asharqia Chamber represented by the Real Estate and Urban Development Committee on Thursday 8 October 2020, to introduce the company's services, that the company, as part of its efforts in the project of replacing old consumption reading meters with new (smart) high-tech meters, was able to install 325,477 smart meters covered during the project Approximately 95% from the city of Dammam, and 91.2% at the level of the eastern region, indicating that these meters are characterized by monitoring the customer's water consumption with high accuracy and reading it remotely.
During the meeting moderated by the head of the Real Estate and Urban Development Committee in the Asharqia Chamber, Eng. Hamed bin Muhammad bin Hamri, Al Sharari explained that the company has completed 13 new projects with a value of 174 million riyals, and 8 other projects related to environmental services (sanitation) with a value of approximately 311 million riyals, pointing out that the region Al Sharqiya witnessed the implementation of 21 comprehensive projects worth 485 million riyals.
Al-Sharari indicated that the company is currently studying the comprehensive plan, stressing that it is working on the requirements and needs of the region until 2050, pointing out that the next year 2021 will witness the implementation of 70 new projects, ranging from water projects to others related to sanitation, in addition to projects to improve quality, which It will be ready for dock soon.
On the issue of improving services, Al Sharari said that the company is working according to these aspirations. Emphasizing that many services have been improved, as we have reached 89% of improving the issue of dealing with complaints, and that the time for dealing with them has been reduced from days to a few hours, and with regard to billing work and its accuracy, we have reached a rate of more than 91% of adherence to billing dates and the accuracy of its accounts.
Al Sharari indicated that the company is working on the National Qatrah program, which aims to direct behavior towards rationalization in water consumption and preserving grace, noting that the company's electronic branch includes many services, including new services that have been newly added to interact with customers' requests.
On what is being circulated about the bills, Al-Sharari said, “We received through the website more than 23,000 objections and requests that were dealt with. The company has designated a committee to deal with objections working around the clock, and more than 500 installment requests have been accepted for long-term defaulted, clients. Once the request is accepted, the service will be restarted.
With regard to the domestic sewage connection services and the delayed implementation now, Al Sharari said that we are facing some challenges that are on the way to resolving and providing service for new properties. It is expected that alternative contracts will be awarded soon and the implementation of the requests will start.
Asharqia Chamber highlights investment opportunities in Jubail Industrial
12/10/2020
In cooperation with the Royal Commission for Jubail and Yanbu
Asharqia Chamber highlights investment opportunities in Jubail Industrial
Asharqia Chamber, represented by the Jubail Business Council, on Thursday, October 8, 2020, shed light on investment opportunities in Jubail Industrial City, during a remote meeting in which the Director of the Business Development Department of the Royal Commission for Jubail, Engineer Abdullah bin Yassin Al-Eid, attended the meeting, and the meeting was moderated by the Chairman of the Jubail Business Council Eng. Fawaz Faleh Al Hajri.
Al-Eid said that the volume of investments in the city amounted to about 518 billion riyals, including 481 billion industrial investments, 26 billion residential investments, and 11 billion commercial investments. He pointed out that the total number of workers in the city amounted to about 105,000 workers, which highlights the importance of the industrial sector in the localization of labor, and he referred to the Plascom Plastic Complex and the various investment and employment opportunities it contains, indicating that it is an initiative by the authority and its strategic partners to create an integrated assembly for manufacturing industries that includes three main sectors: organic chemical industries, complex and transformational industries, and that the authority has spent on its infrastructure and services needed towards 842 billion riyals.
Al-Eid divided Jubail Industrial City in general into three sections, all full of investment opportunities, such as the downtown area and the buffer zone that contains the innovation center, a logistical services area, residential areas, a commercial complex, and a light industrial zone, as well as entertainment and recreation activities, and the eastern neighborhoods, whose population density ranges from From 9400 to 10500 people, according to the Eid, they contain areas for hotels, light industries and support, and other projects for schools, health, and green spaces.
Al- Eid gave an overview of Mardoma Bay and the opportunities it provides to local investors, saying that it is built on an area of 275 hectares, has about 119 plots of land, and contains an area of 500,000 square meters for retail projects, about 700,000 square meters for office projects, 10,000 housing units, and about 1,000 Hotel room.
Al-Eid explained that in 2012, the authority worked to provide light industrial areas and support to provide all the needs of investors in basic and secondary industries until 2030 and beyond, and as a result, the light industries and support area in Jubail Industrial II is twice the area of its counterpart in Jubail First Industrial.
Al- Eid went on to say that the authority is fully prepared to provide all the enabling information for the private sector to take advantage of the investment opportunities offered by the Royal Commission, whether industrial, commercial, or residential, calling on investors to take advantage of them, noting that the workers housing complexes that the Commission decided to establish and that it is a suitable opportunity for investors. In the construction and building sectors, he pointed out that the authority is in the process of caring for entrepreneurs, even if they are fresh graduates and working to give them what he called a spark of investment opportunities.
A specialist calls for the creation of an accelerator for digital endowments
12/10/2020
A specialist calls for the creation of an accelerator for digital endowments
During the meeting of the Diwaniyah of Awqaf in the Asharqia Chamber
An Engineer Sami bin Omar Al-Hussain, CEO of HYOD, affirmed that the business sector in the Eastern Province is keen on establishing and following up endowments, pointing to the sector and commercial families ’interest in making endowment experiments a success, and the generalization of these experiences and their publicity through meetings and events in order to spread the benefit and benefit from them upon the establishment of any new endowment.
Al-Hussain said during the fourth and final meeting of the fourth session of the Diwaniya of Endowments in the Asharqia Chamber, which was organized remotely, on the evening of Wednesday, October 7, 2020, under the title "Digital Endowments" that the endowment is defined as the confinement of the origin and the subtraction of the fruit or benefit, pointing out that the original refers to the endowed eye, either the benefit is intended to release the benefit of the suspended asset to the concerned party, indicating that the endowment is one of the largest benefits that confirm the continuation of the business of the arrested person after leaving life.
Regarding the forms of the electronic endowment, Al-Hussain said that the endowment kept up with updates and renewal through several means that enabled everyone to benefit from it and even obtain its products until it reached the digital world. Of the expenses and the limited benefit, but in our world now characterized by digitization and technology, the stander can spread his endowment to the world by building an integrated educational platform that the receivable can benefit from all over the world, and this also applies to digital books that have become accessible to everyone at reduced costs, unlike It was formerly where they were produced to become expensive paper books.
Al-Hussain talked about the advantages of the digital endowment, saying that it is considered an aid to maximizing the benefit and reducing costs, in addition to open benefit, great continuous growth, and the difficulty of disruption, explaining that the real product of the endowment is to focus on maximizing the benefit and reducing the focus on the original, calling for thinking about establishing an accelerator, for digital endowments.
Asharqia Chamber provides a remote consulting program specialized in the legal aspect
12/10/2020
Asharqia Chamber provides a remote consulting program specialized in the legal aspect
As part of its efforts to nurture and develop small and medium enterprises, the Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, is organizing on Monday 12 October 2020, free consultation sessions directed to owners of small and medium enterprises (remotely), as it includes a set of advice, guidance, and proposals for realistic solutions to the obstacles facing the owners of these establishments In legal aspects.
The program targets all those wishing to start their projects and owners of small and medium enterprises, as well as those interested in this regard, as a specialized team participating within this program provides advice, guidance, and advice to develop their businesses and projects.
Al-Khalidi: We are keen to enhance communication with the business sector and work to overcome the challenges it faces
07/10/2020
Director-General of the Ministry of Trade in the region during a meeting Tuesday in the Asharqia Chamber
Al-Khalidi: We are keen to enhance communication with the business sector and work to overcome the challenges it faces
The Director-General of the Ministry of Commerce Abdulaziz bin Abdulrahman Al-Khaldi affirmed the ministry’s keenness to support the business sector in the Eastern Province, pointing to the business sector’s commitment to keeping pace with the development of performance and services in line with the Kingdom’s Vision 2030.
Al-Khalidi explained during a monthly meeting for the business sector organized by the Asharqia Chamber remotely on Tuesday evening, October 6, 2020, and managed by the Secretary-General of the Chamber, Abdulrahman bin Abdullah Al-Wabel, that the business sector in the Eastern Province always responds quickly to the continuous updates approved by the Ministry, meeting all the requirements nominally and we at a stage that requires a lot of work and cooperation to modernize and develop many and many aspects, indicating that the Kingdom occupies a distinguished position among the countries of the world, due to the modern renaissance carried out by the wise leadership in order for countries to compete in development and development.
During the meeting, Al-Khalidi talked about the Commercial Business Agency that aims to achieve the policies set for business in the Kingdom and develop them in line with the Kingdom's Vision 2030 by promoting the participation of the private sector. The state’s commercial systems and the pursuit of stimulating trade and pursuing the professionalism of chambers of commerce in addition to registering trademarks, commercial agencies, and consulting professions. It also aims to develop internal trade, in addition to increasing the effectiveness of the role of the private sector and encouraging it to raise economic efficiency and expand the areas of commercial activities in the local and global markets.
Regarding the development services for the business sector in the Eastern Province, Al-Khalidi said that most of the services have been converted into integrated electronic services that serve customers without the need to review the branches and offices of the ministry to provide the service on paper, including Issuing the unified national number and updating it in conjunction with the issuance or amendment of the commercial register of the facility as this service The clients' time and effort are reduced, and they do not need to visit the Ministry of Human Resources and Social Development, as it facilitates the process of electronically opening files in the Department of Zakat, Income, and Social Security, and also registering the facility with the Chamber of Commerce.
Among the services that have been converted into electronic services, Al-Khalidi said that it is possible to issue certificates of origin for national exports of industrial, agricultural, animal and wealth products to the countries of the Gulf Cooperation Council and other Arab countries and countries of the world and to register them electronically, and also to adopt the National Guide for Unified Economic Activities (ISIC 4), in addition to studying Requests for licensing the establishment of offices for free professions electronically of various types, administrative, financial, and economic, and to register them and follow-up on new amendments, renewals or deletions and the development of these professions and implement the provisions of regulations, decisions and instructions issued in their regard, pointing to the electronic transformation in the services of the Ministry of Commerce aimed at reducing the waiting period For customers, as well as the time of service performance, and the ability to prepare daily reports to follow up on work performance.
Al-Khalidi stated that the ministry emphasizes strengthening the relationship with the business sector by visiting companies and institutions and taking the initiative to take their views on the services provided, the obstacles and challenges facing them, and work to overcome them.
Asharqia Chamber is organizing a workshop on licensing requirements and the new regulation of financing companies
07/10/2020
In cooperation with the Monetary Agency and the Council of Saudi Chambers
Asharqia Chamber is organizing a workshop on licensing requirements and the new regulation of financing companies
The Asharqia Chamber, represented by the Financial Committee, in cooperation with the Saudi Arabian Monetary Agency, and the Council of Saudi Chambers, organized a remote workshop yesterday, Wednesday, October 7, 2020, on licensing requirements and new regulation mechanisms related to financing companies, during which the speakers confirmed that the number of financing companies licensed in The Kingdom has reached about (40) licensed companies, divided between (7) companies for financing and real estate refinancing, (32) companies other than real estate financing, and one company with microfinance.
The speakers reviewed the historical sequence of organizing financing activities in the Kingdom, starting with the installment sale system, the approval of the finance company control system, and the real estate finance system, explaining the reasons for the abolition of the installment sale system, including what the installment sale system created from a large discrepancy between requirements. Regulatory activities and activities falling within the concept of financing activities, as well as the negative practices that resulted under the cover of the installment sale activity, in addition to those risks resulting from the practitioners of financing activities; Unlicensed practitioners follow any procedures to ascertain the source of funds or the quality of the owners of capital and not provide them to any regulatory authority with a report on financial transactions or procedures followed or disclosure of the quality of clients and a statement of risks.
They indicated that the abolition of the installment sale system was aimed at regulating the financing market and practicing financing activities, avoiding that disparity in the regulatory requirements for activities that fall within the concept of financing, protecting the financial system, regulating fair and responsible lending behavior, limiting wrong and unfair dealings, and protecting consumers.
They touched upon the most prominent measures taken by the Saudi Monetary Agency, following the abolition of the installment sale system, such as cooperating with relevant authorities regarding awareness and controlling violators and regulating provisions for a person with a natural or moral character to practice financing the goods of his facilities or services for his customers, and the institution has also established an experimental environment. Legislative aiming to understand the impact of new technologies on the financial services market and assess that impact, as well as help transform the Saudi market into a smart financial center, as that environment welcomed the entry of local and international companies wishing to choose new digital solutions in an actual environment with a view to launching them in the future in the Kingdom in line with With the vision of the Kingdom 2030 AD, as this environment aims to promote economic growth, financing activities and payment solutions.
And finally, the issuance of rules for organizing consumer microfinance companies, the most prominent of which are: First, capital; It stipulates that the capital of the company that practices the activity of consumer microfinance shall be twenty million riyals and ten million for those that carry out the activity through financial technology, and secondly, the corporate governance. It referred to the rules on the issue of governance to what the institution issued later and set some requirements related to the internal governance rules for the company.
Asharqia Chamber hosts the head of the eastern sector of the National Water Company
05/10/2020
Asharqia Chamber hosts the head of the eastern sector of the National Water Company
As part of the activities and programs of the Real Estate and Urban Development Committee for the year 2020, Asharqia Chamber will host the head of the eastern sector of the National Water Company, His Excellency Eng. Hamdi Bin Dabashi Al Sharari, in a remote meeting, on Thursday, October 8, 2020, at 12:30 pm.
The meeting aims to acquaint the business sector in the Eastern Province with the company's efforts to develop services in the water and wastewater sectors to keep pace with the urban boom taking place in the Kingdom, and the products, programs, and initiatives it provides to develop local content, as well as to identify the partnership mechanisms that the company provides to developers and real estate investors, in addition to its projects. Future, with the investment opportunities they represent for local real estate investors.
The meeting comes within the Chamber’s strategy to achieve the aspirations of the business sector in the Eastern Region, through direct communication between the two sides of national investment (large companies on one side and local businessmen on the other side), based on the principle of cooperation and overcoming obstacles between the public and private sectors and achieving comprehensive economic development At the local and global level, in line with the goals of the Kingdom's 2030 vision.
The Prince of Eastern Province will sponsor the "Small and Medium Enterprises Forum 2020 next November."
04/10/2020
Organized by the Asharqia Chamber under the title "The Future of Electronic Commerce
The Prince of Eastern Province will sponsor the "Small and Medium Enterprises Forum 2020 next November."
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Asharqia Chamber organizes, on Wednesday, November 4, 2020, the Small and Medium Enterprises Forum 2020, which will be held via video communication entitled "The future of e-commerce", with the participation of a number of governmental and private agencies that support and sponsor small and medium enterprises.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, appreciated the patronage of His Highness, the Prince of the Eastern Province, for this event, which means supporting a promising, pioneering and influential sector in the Kingdom's Vision 2030 journey, and is part of many activities undertaken by the Chamber to support the supreme national options in support of the principle of enhancing the presence of small and medium enterprises in the economic landscape.
He said that the forum’s vision revolves around “promoting the transition to electronic commerce for owners of small and medium enterprises,” in line with the language of the contemporary economy, whose pace has accelerated with the emergence of the Corona pandemic, hence the forum carries a message and slogan that is to transform the concept of e-commerce among owners of small and medium enterprises For it to be a major tributary to the expansion of their projects, "according to the logic of reality imposed by the circumstances of the spread of the epidemic, in addition to the fact that electronic commerce has become a strategic trade trend not only in the Kingdom but in the global economy as a whole .. Pointing out that the Asharqia Chamber has paid continuous attention to the issue of electronic commerce since For more than 20 years, she has discussed this matter in many events, and her dialogue continues with many parties concerned with this matter.
For this part, The Chairman of the Young Businessmen Council in the Asharqia Chamber, Fahd bin Abdullah Al-Farraj, said that the forum’s activities seek to identify the best economic sectors in which to transform e-commerce and technology by small and medium enterprises and discuss ways to support them. Administrative, technical, and technical staff.
Al-Farraj indicated that the forum seeks to create a competitive environment to encourage entrepreneurs and owners of small and medium enterprises to initiate and work to educate young businessmen and women and urge them to present their ideas and take the initiative in it, and to inform them of some successful young experiences to benefit from them, and to know what the funding agencies offer to support Young men and women projects.
He pointed out that the forum will also discuss the role of potential and financed entities in the growth and sustainability of small and medium enterprises, and review promising investment opportunities in electronic commerce, supply chains, and logistics services for technical projects.
Spark" announces international standards for developing the energy sector in the Kingdom and attracting more investments
30/09/2020
During a workshop organized by the Logistics Committee in the Asharqia Chamber
"Spark" announces international standards for developing the energy sector in the Kingdom and attracting more investments
Officials at King Salman Energy City (Spark) have revealed that the city's infrastructure will be completed by the end of September of next year 2021, while the completion of the dry port and logistical area of the city will be in the year 2023.
This came during a workshop entitled "Logistics Sector Projects in King Salman Energy City" organized by the Asharqia Chamber represented by the Remote Logistic Committee yesterday, Tuesday 29 / September / 2020, where the marketing and investment development specialist in the city, Hala Al-Musbah, explained that the city provides promising investment opportunities, including Industrial lands, and other lands for non-industrial activities, such as warehouses and shops.
Al-Musabbah said during the workshop, which was run by the head of the Logistic Committee, Rakan Al-Otaishan, that the investment lands in the city are equipped for delivery and operation, as the lands are paved and have a ready-made infrastructure and equipped with all facilities, and therefore they are ready for development and construction.
She added that the initial plan to attract industrial investors has been in contact with the Council of Economic and Development Affairs since 2017. The first phase is to allocate lands to industrial investors, and all facilities will be ready in 2021, noting that lease contracts have been signed for 18 investors worth $ 1.3 billion. And allocating land to 17 investors, worth 1.1 billion dollars.
Al-Musabbah pointed out that the city obtained the LEED silver level certificate in energy leadership and environmental design as the first industrial city in the world, which is an internationally recognized system for issuing green building certificates. It is characterized by being strategically located to enable productivity, trade and access to energy markets, and it contains supportive non-industrial facilities such as an exhibition center, a conference hall, residential complexes, restaurants and cafes, commercial centers, sports facilities, and health care centers, in addition to being subject to regulations that work in a unified way to qualify investors. Land specification, unified utility tariff, and other specifications and standards.
Al-Musbah concluded by saying that "Spark" is the first industrial city in the world to be granted a Leadership Certificate in Energy and Environmental Design. It was designed with an integrated global environmental system, on an area of 50 square kilometers, and has set its sights on localizing industry and technology, so "the city’s vision is: "To be an integrated industrial center for energy-related industries and services based on innovation and cooperation", and its main mission is "to attract investors to the energy sector, by providing a platform with infrastructure and services with international specifications that facilitate the growth of customers' business and add sustainable value to the Saudi society," and bear basic values They are: "Safety, Emiratisation, Excellence, and Integrity".
The workshop was attended by the President and Chief Executive Officer, Eng. Saif Al-Qahtani, the Executive Vice President of Operations Enas Al-Ashqar, the Executive Vice President of the Coordination and Project Support Department, Engineer Muhammad Al-Tamimi, the Executive Vice President of Business Development Nabil Shaashua, and the Director of Business Development Marwan Tijani.
Asharqia Chamber renews its warning of the risks of investing in Turkey
29/09/2020
Asharqia Chamber renews its warning of the risks of investing in Turkey
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, warned again of the risks of investing in Turkey, as a result of the political and economic policies pursued there, as the economic crisis in Turkey worsened, accompanied by a rise in the proportion of debt and unemployment, which affected foreign investments in Turkey to make it an investment-repellent environment.
Abdul-Hakim al-Khalidi noted that as a result of the businessmen’s awareness and response to the previous calls by the heads of Saudi chambers to boycott investment in Turkey, they avoided many of the risks that would have faced them if they continued to invest there and ignored these constructive calls. This is what happened recently, as Moody's reduced Turkey’s credit rating. From "B2" to "B2", as Moody's maintained a negative outlook regarding the Turkish economy, stressing a "faster than expected deterioration" in the country's financial indicators, and the numbers indicate a decline in Turkish foreign exchange reserves by more than 40 % This year, which puts pressure on the country's ability to maintain its balance of payments.
The Turkish currency has also decreased by more than 45% since the beginning of the warnings to invest in Turkey, so the Turkish lira has become one of the worst-performing currencies in the world against the US dollar, as the losses of the Turkish lira have inflicted heavy losses on the economy, which led to the shaking of the confidence of local and foreign investors in the Turkish economy, so the Turkish economy Currently it is overheating and heading into a steep downturn worse than the current one.
Al-Khalidi also renewed his call to businessmen and investors to search for alternatives to avoid investing in Turkey, especially with its government's hostile stance against our dear country, noting that the Asharqia Chamber opens its doors to the business sector to introduce them to the countries that are safer and able to protect their investments and properties and are linked to the Kingdom with more solid agreements and relations, confirming readiness The Chamber to receive their calls, complaints or inquiries regarding the issues and problems they face threatening their properties and investments in Turkey.
The Prince of Eastern Province sponsors the Endowments Forum 2020 at the end of next November
29/09/2020
Organized by Asharqia Chamber with the aim of correcting the investment path of endowments
The Prince of Eastern Province sponsors the Endowments Forum 2020 at the end of next November
The Prince of the Eastern Province, His Royal Highness Prince “Saud bin Nayef bin Abdulaziz Al Saud”, sponsors the Endowments Forum 2020, which is organized by the Asharqia Chamber, via visual communication technology, represented by the Endowments Committee, under the slogan (Return from investment on endowments), on Monday corresponding to November 30, 2020, with the participation of an elite of businessmen, academics, and experienced professionals and those interested in the field of endowments.
The forum aims to present best practices on relevant topics to improve the endowment sector, such as contributing to correcting the investment path of endowments, innovating modern methods to increase the return on investment in them, enhancing rent for the endowment sector, and raising the efficiency of the endowment effect, as well as how to achieve the quality of services required for beneficiaries and stakeholders, and increase opportunities for self-sufficiency of those arrested and reducing the burden on the state.
Al-Khalidi said that the Kingdom is transforming into a new era of the prosperous and diversified economy through Vision 2030, which emphasized the role of the private sector in participating in building the social investment market through endowments, indicating that the forum comes at the right time, where construction shovels work in all sectors, By presenting and presenting best practices in establishing, managing, investing and sustaining endowments, to businessmen and women in the Eastern Province and the Kingdom as a whole.
Al-Khalidi stressed that the endowment is one of the most important fields of righteousness and the most prolific tributary of goodness, and made it clearer and the greatest and kept it a reward and the most influential within society, which prompted the Asharqia Chamber to pay early attention to this vital sector, and he urged businessmen and women to establish it, and work according to many actors to highlight the Economic to stop in the economic development taking place.
Al-Khalidi explained that, in addition to reviewing successful regional and global practices and experiences, the public forum adopts directing ideas towards the developmental roles of endowments and draws the attention of practitioners to that, and supports this trend with contemporary models and distinct experiences in the endowment’s contribution to the development process. It will also discuss the most important challenges and best practices in The endowment sector through the specialists monitoring the reality of endowments and their practices with the investment return and the mechanism of activating it as a measurement tool for the effectiveness of the endowment, and the exchange of experiences and similar experiences worldwide, stressing the importance of the topic of the forum where the concept of return on investment on endowments is a concept that is rarely used as an objective measure of endowment investments, despite The presence of distinguished national competencies that could contribute to strengthening and supporting the concept of return on investment internationally and internally for the endowment.
For his part, the head of the Endowments Committee, Ayed Al-Qahtani, said that the forum is an extension and complement to the 2018 Endowment Forum, which left a positive impact on endowment activity in the Eastern Region, increasing its growth, expansion, and reformulating it according to the latest administrative frameworks, indicating that the 2020 forum is important in As it seeks to shed light on many aspects of upgrading the endowment sector in the Kingdom, especially the investment aspects and exploring its roles and future in accordance with the best endowment practices in light of the requirements of the Kingdom's 2030 vision.
Al-Qahtani stressed that the future of the endowment sector in the Kingdom is promising and promising, as there is a great potential for goodness in the Saudi society, as well as a political, will be aimed at upgrading the endowment sector to reach a diversified endowment sector that is capable of having the desired impact on the national economy.
His Highness Prince of the Eastern Province sponsored the Environment Forum 2020
28/09/2020
Under the generous patronage of His Highness the Prince of the Eastern Province
Environment Forum 2020 calls for a "sustainable healthy environment" to support the national economy
Al-Khalidi: The environment is part of the Saudi basic system, and is affirmed by Vision 2030
Al-Rasheed: Protecting the environment is an important step towards a sustainable development economy
His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Region, on Monday morning (9/28/2020), sponsored the activities of the Forum (Environment 2020... Towards a sustainable healthy environment) organized by the Asharqia Chamber represented by the Environment Committee with the participation and presence of a number of officials, experts and specialists In the environmental sector, the forum’s activities were transmitted via video communication.
His Highness affirmed the wise leadership’s keenness to support everything that would preserve the environment, and to work on the sustainability of natural resources through the relevant ministries and bodies, in order to preserve human health and well-being, as well as support environmentally friendly economic activities.
In the same session, The Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, appreciated the generous patronage of His Highness, the Governor of the Eastern Province, for the activities of the forum, pointing to His Highness’s permanent support for the private sector and its initiatives in support of the growth and development process in the region, and affirming His Highness’s continuous support for the Chamber’s activities and programs.
Al-Khalidi pointed to the wise leadership’s interest in the issue of protecting and preserving the environment and said that the environment, its protection, and sustainability is one of the clear basic materials within the basic system of governance, based on its being a religious, moral and humanitarian duty, and one of the basic foundations for the quality of life, and the Kingdom's 2030 vision aims to reduce pollution By raising the efficiency of waste management, combating desertification, optimizing the investment of water resources, establishing integrated projects to recycle waste, protecting beaches, reserves and islands and preparing them in accordance with environmental standards.
In this context, Al-Khalidi pointed out that the Asharqia Chamber, believing in the importance of participating in spreading environmental awareness and enhancing knowledge of environmental issues, decided to hold this forum under the slogan “Towards a sustainable healthy environment,” with the participation of a number of experts, government officials, and others interested in protecting the environment and preservation. On her with the region’s businessmen in various sectors, stressing the firm conviction that the balance between environmental considerations and development requirements inevitably leads to the achievement of a safe, prosperous, and sustainable economy.
For this part, The Chairman of the Environment Committee in the Asharqia Chamber, Talal Al-Rasheed, said: “The Kingdom has extended roots in taking into account environmental proposals and taking its normative considerations when implementing development projects and programs, and in directing its positive efforts towards environmental issues, whether external or local, in protecting and developing the country's natural heritage. The Kingdom's vision 2030 AD, towards developing all sectors, and achieving optimal utilization of the country's natural resources in order to reach a sustainable development economy. However, those issues related to protecting the environment and not harming it and benefiting from its resources were at the top of the important axes that the vision paid great attention to and considered a fundamental pillar in Achieving its development goals.
He added that the Kingdom, despite the exceptional circumstances that the country is going through, continues to support environmental work by improving public health, ensuring the safety of the citizen and resident's life, protecting the natural environment from desertification and pollution, and supporting the contributions of individuals and institutions in preserving the environment .. noting that this forum includes It contains themes that support practices that protect the environment by extracting experiences, reviewing and evaluating the opportunities provided by laws and legislations in achieving environmental sustainability and their effects on the private sector, and enriching dialogue and discussion about the mechanisms and applications of the national environment strategy, desertification and combating it, and ways to enhance wildlife and its impact on the governorate On the environment, the state's efforts in environmental reform and assessment, and other topics related to the Kingdom's experience in developing and developing wildlife.
As for the Chairman of the General Authority of Meteorology and Environmental Protection, Engineer Ali bin Saeed Al-Ghamdi, he explained that the environmental sector in the Kingdom witnessed great and successive developments during the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, as the environment strategy was approved and the establishment of national centers concerned with the environment, And preparing a new system for meteorology and the environment, which means that we are facing a new stage of the ecosystem entitled partnership between the various stakeholders, including of course the private sector ... stressing that the new system will include all parties working in this regard, especially as it is based on pioneering international experiences, It works to fill the gaps in the system in previous stages, and works according to the principles of complementarity and partnership between the various parties to achieve a community partnership, therefore we are facing a stimulating environment that contributes to improvement and innovation, similar to the best international practices, and opens wide horizons for local and foreign investment.
In the first and second sessions of the Environment Forum 2020
Steps to transform the "environment" into an attractive sector for local and foreign investments
100,000 jobs provided by environment-related activities
In the first session of the forum, which was titled “The Role of Regulations and Legislation in Environmental Sustainability,” the forum discussed a number of topics under this heading, including the reality and future of environmental systems in the Kingdom and their impact on the private sector, as well as the impact of the Corona pandemic on the environmental sector.
In this regard, during the session moderated by the Chairman of the Environment Committee of the Asharqia Chamber Talal bin Sultan Al-Rasheed, Engineer Ali Saeed Al-Ghamdi (General Authority of Meteorology and Environmental Protection) said that the regulatory situation for the environment sector is entering a new phase, with the launch of a special ministry concerned with this matter, which is "Ministry Environment, water and agriculture ", from which the general strategy for the environment was approved, which included gathering" eight "systems for the environment into a unified system that covers all the actors involved in this matter. Investors will follow a single system without distraction, which will achieve the quality of life and enhance the level of commitment to the environment.
He pointed out that the institutional transformation in the environmental sector creates a state of cooperation with all stakeholders and determines the powers, as the system defines five centers concerned with the environment, including centers for "waste management, monitoring of environmental compliance, vegetation development, and wildlife development." Throughout this system, we find that these centers will develop working national competencies and support the investment movement, especially since the launch of the "Environment Fund" to be the financing base for activities and the main supporter of environmental initiatives, and thus be one of the most important options that achieve economic sustainability of activities related to the environment.
For this part, the Director-General of the Ministry of Environment, Water and Agriculture Branch in the Eastern Region, Engineer Amer bin Ali Al-Mutairi, said that when the environment is part of the basic system of governance in our country, this means an explicit commitment by the state to the environment and its protection, and we, in the Ministry, implement plans that support the environment, most notably plans Afforestation, which includes all parts of the Kingdom .. Pointing out that the Ministry’s branch in the Eastern Region aims to plant one million and one hundred thousand trees in various cities and governorates of the Eastern Region (Al-Ahsa, Jubail, Dammam metropolis ... etc), of which 540 thousand in partnership with a number of agencies have been concluded It has agreements of understanding with it, all after we have set several criteria for afforestation, including the proximity of the sites to be afforested with renewable water resources.
In the second dialogue session chaired by the coordinator of the Environmental Sciences Committee at the former Earth Sciences Department at King Fahd University of Petroleum and Minerals, Muhammad bin Hussein Al-Ashry, the CEO of the National Center for Wildlife Development, Dr. Muhammad bin Ali Qurban, said that the center aims to preserve the environment and wildlife, through Partnerships with society, in addition to working to protect ecosystems and contribute to enhancing economic diversity, and to support research and studies that contribute to providing information and data on the environmental sector.
Qurban said that the center is working to increase reserves and find many of them, whether they are land or sea, indicating that the center seeks to develop breeding centers with high standards so that we can bring them to the world, and we are also working to increase the multiplication of many endangered species.
Qurban pointed out that the Kingdom is characterized by biological diversity, as there are 86 types of mammals, more than 100 species of birds, and more than 1000 species of fish, and there are also types of endemic organisms in the Kingdom, which have no parallel in the world, indicating that the center It faces many challenges, the most prominent of which are: lack of water in forests, the problem of drought and overgrazing, which affect biodiversity, population expansion, and overfishing.
Qurban indicated that the center seeks to support ecotourism as it works to develop the reserves within its administration, which amounted to 15 reserves, stressing that the existence of the reserves contributes to protecting environmental diversity, and we have also begun, in partnership with the Tourism Authority, to work on defining tourist reserves, as well as working with the Public Investment Fund. With the aim of optimizing the potentials of tourism.
Qurban indicated that the center is working in partnership with the competent authorities to formulate a plan aimed at preserving the mangrove plant and rehabilitating the damaged environmental sites.
For his part, the CEO of the National Center for Vegetation Development and Combating Desertification, Dr. Khaled Al-Abdullah Al-Abd Al-Qadir said that the center looks at national parks as protected areas for vegetation cover, and the community can benefit from and visit them and learn through the diversity in them, as it is a channel of investment and creating various opportunities.
Al-Abd al-Qadir explained that there are more than 220 parks in the Kingdom with large areas and great environmental diversity, indicating that the center is working to create parks in the eastern region and we also work with the private sector to find investment opportunities within parks of high quality and new ideas such as rural homes projects, crafts and farmers' markets Farmers, picnic points, sports, and popular markets, he said: We try to reflect these parks the environment of the community itself.
On the issue of desertification, Al-Abd al-Qadir said that desertification is a global phenomenon and does not mean the desert because the desert is considered an integrated ecosystem, noting that arid areas are areas subject to desertification because the ecosystem in them is fragile, pointing to a large campaign concerned with afforestation that will launch the next period.
Asharqia Chamber is organizing a workshop on the risks and challenges facing the family business and the proposed management strategies
27/09/2020
Asharqia Chamber is organizing a workshop on the risks and challenges facing the family business and the proposed management strategies
Asharqia Chamber, in cooperation with KPMG Al-Fawzan and Partners, organized a workshop on the risks and challenges facing the family business and the proposed management strategies on Sunday, September 27, 2020, presented by the head of customer services and consulting services in the eastern region of KPMG, Professor Youssef Khalil, who pointed out that there are several phenomena that prevail in most family businesses, such as the absence of a structure, even if it is flat, the establishment of informal communication relationships, reliance on central management methods, leadership style based on family situation, and other phenomena related to poor planning and rehabilitation For future generations, as well as poor knowledge management, stressing that such phenomena lead to the occurrence of risks, that is, the inability of family companies to achieve their business goals or lack of the necessary financing for business in a timely manner, weak leadership or lack of family unity, calling on family companies to review And review the risks you face from time to time in order to keep pace with the ever-changing business and surrounding conditions.
The head of customer services at KPMG in the Eastern Province went on to explain a number of risks facing family businesses in several areas such as business management, investment, and financial management in addition to risks related to the family of the royal family, explaining that the exit from these risks is according to mechanisms Among them is governance, which means adopting decentralization and flexibility in decision-making and empowering business management by applying the principle of responsibility and accountability, and focusing on building specific frameworks to enable speed of movement and adaptation to changes, and this requires involving the next generation in managing the crisis because of the understanding of the modern language of the new generations. Knowledge of modern technologies, unconventional business models, and market opportunities.
As part of the risk exit plans, he called for reviewing the strategy from time to time, restructuring in line with new market trends, ensuring the flexibility needed to deal with rapid changes, adhering to high-profit activities, and reviewing stalled projects and initiatives or those that do not match the company's core competencies. Or not in harmony with its updated strategy, diversifying sources of income by entering into converging sectors of work, diversifying products and services provided, and considering entering new markets in proportion to the company's basic capabilities and strengths, stressing the need to find and develop an integrated perspective that includes analysis of strengths and weaknesses And opportunities with risk analysis.
Khalil touched on human capital management and its role in overcoming risks, saying: Managing employees with a high spirit of leadership, ensuring transparency in communicating with them, motivating them to alleviate their concerns, raising their productivity, sharing the goals and objectives of the company, and encouraging them to play an effective role in achieving them. And other factors that encourage the multiple and varied employees, besides creating a great affiliation with the company, support the company's confrontation of risks, and he concluded by saying that family business owners should seek to reach an agreement on identifying challenges and ways to deal with them, by planning risk management strategies and monitoring their implementation.
The Prince of Eastern region sponsors "Environment Forum 2020, toward a sustainable healthy environment"
27/09/2020
With the participation of a number of government officials, experts, and specialists
The Prince of Eastern region sponsors "Environment Forum 2020, toward a sustainable healthy environment"
Al-Khalidi: The forum discusses a global issue that is being discussed by governments, institutions, and international organizations
Al-Rasheed: Two discussion sessions discussing the mechanisms of the national strategy for the environment, desertification, and wildlife.
On Monday, September 28, 2020, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, the Prince of the Eastern Region, will sponsor the "Environment Forum 2020 organized by the Asharqia Chamber represented by the Environment Committee under the slogan" Towards a sustainable healthy environment ", as it discusses a number of issues related to environmental health, And its concepts, and the emerging steps to preserve it.
The Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, The Prince of the Eastern Province, for the forum, stressing that he praised His Highness’s keenness and constant follow-up to all the Chamber’s activities and programs and the activities of the private sector, as well as His Highness’s interest in all topics that It concerns the economy, society, and people in this honorable country, including the issue of environment and public health.
Al-Khalidi explained that the forum, which is held (via direct visual communication), is another step and a new initiative within the orientations of the Asharqia Chamber to support the quality of public life stipulated in the Kingdom's Vision 2030, as this event reflects the Asharqia Chamber's keenness to deal with everything new in this vital topic Important, given the importance of the environment issue to public life, and economic life in particular.
Al-Khalidi said that the forum witnesses the participation of an elite group of experts and specialists in environmental issues, combating desertification, and wildlife preservation, among them official government officials concerned with this matter, adding that the Asharqia Chamber, when holding this event, is from humanitarian and national perspectives because the topic of the environment is one of the related topics. Importance, not only at the local level, but a global issue that is being discussed by governments, institutions, and international organizations, by virtue of its direct relationship to human health and life, so it was one of the most important topics discussed by the United Nations institutions, and the G20 summits (and the Kingdom is one of the group) the highest economy in the world.
In this regard, Al-Khalidi praised the interaction of all concerned government agencies and their keenness to actively participate in supporting the forum’s proposals, including The Ministry of Environment, Water, and Agriculture represented by its branch in the Eastern Province, as well as the General Authority for Meteorology and Environmental Protection, the National Center for Wildlife Development, and the National Center for Vegetation Cover Development and Combating Desertification.
In this regard, Chairman of the Environment Committee of the Asharqia Chamber Talal bin Sultan Al-Rasheed said that the forum, which will start its activities at 10:30 in the morning, will be held in three sessions, (an opening session, with two dialogue sessions), where the first dialogue session deals with the first axis, which is: "The role of systems And legislation on environmental sustainability, ”while the second axis (in the second session) deals with the issue of“ desertification and ways to combat it, and the enhancement of wildlife and its impact on preserving the environment, ”all based on the interconnectedness of the topics with each other, so the promotion of wildlife depends - in some of its aspects. To increase the green area and reduce desertification.
Based on that - according to the head of the Environment Committee - the forum discusses in the first session several topics under the title of the session, several topics, most notably: “Environmental legislation and its impact on environmental sustainability, environmental agreements at the international level, and the reality and prospects of environmental systems in their development in the Kingdom. And the impact of applying these regulations on the private sector, "with a focus on the impact of the Corona crisis on the environment sector in general.
As for the second session, the forum deals with “the mechanisms and applications of the national environment strategy, the concept of desertification, the demonstration and the mechanisms of dealing with it,” in addition to “the Kingdom's experience in developing wildlife.” During this session, the CEO of the National Center for Wildlife Development, Dr. Mohamed bin Ali will speak Kurban, and the CEO of the National Center for Vegetation Development and Combating Desertification, Dr. Khaled Al-Abdullah Al-Abd Al-Qadir, and this session is chaired by the Coordinator of the Environmental Science Committee in the former Earth Sciences Department at King Fahd University of Petroleum and Minerals.
Asharqia Chamber implements the "free consultations" program remotely
21/09/2020
Asharqia Chamber implements the "free consultations" program remotely
As part of its efforts to sponsor and develop small and medium enterprises, the Asharqia Chamber, Monday, September 21, 2020, implemented a free specialized consultation program aimed at helping entrepreneurs and small enterprises and developing their multiple activities.
Within this program, the Chamber's Small and Medium Enterprises Development Center held a number of sessions that were conducted remotely and were transferred, during which a set of specialized consultations were provided on many issues of concern to these enterprises in various fields such as marketing, management, and finance.
The presentation of this program came through a number of specialists in business and business development fields, who addressed many solution formulas for a number of obstacles and challenges facing small and medium enterprises and reviewed implementation mechanisms to ensure the success of any enterprise.
It is noteworthy that the program, which is one activity among a number of activities implemented by the Small and Medium Enterprises Center throughout the year, in order to put these facilities on the roadway to overcome obstacles and move towards a better world. Al-Khobar, Al-Qatif, Jubail, and Al-Khafji), and a large number of entrepreneurs have benefited from it and contributed to diagnosing the most prominent challenges facing small and medium-sized enterprises and formulas for their solutions.
Asharqia Chamber is organizing a training program on an effective glasses council that achieves governance
21/09/2020
Asharqia Chamber is organizing a training program on an effective glasses council that achieves governance
Asharqia Chamber, represented by the Endowments Committee, organized, on Sunday, September 20, 2020, a training program entitled (Towards an Effective Glasses Council that Achieves Governance), presented by a member of the committee, Eng. Musa bin Muhammad Al-Musa, targeting boards of directors and glasses for public and private endowments, and how to activate their role, improve their performance and develop the work of its leaders, the implementation of the endowment strategy, and the liberalization of the roles of its committees and departments in the areas of auditing, investment, and control.
Al-Mousa said that the endowment sector in the Kingdom and the Arab and Islamic world still needs qualified and effective supervisory boards that are competent in terms of knowledge and skills, especially since the weakness of the supervisory boards led to the loss of the endowment in many cases, confirming the existence of a direct link between the effectiveness and skills And the characteristics of the members of the board of directors, and between the success or failure of the endowments, the more skills and effectiveness of the members of the endowment board, the more that the endowment gives more growth and prosperity, and thus continuity and sustainability as the main goal that the endowment aspires to.
Al-Mousa stressed the role that governance can play in achieving an effective and influential board of directors, pointing out that governance is primarily responsible for organizing the relationship between the board and the supervising authorities, the council, its members, its committees, and the executive management, and said: Governance achieves two things, namely the soundness of decisions and financial safety, being It confers on the waqf transparency, compliance and independence of the Council in its decisions and carrying out its roles.
Al-Mousa pointed out that there is a lack of local and regional rehabilitative programs that depend on enhancing the knowledge aspects and providing scientific skills to the members of the board of directors, pointing out that the responsibilities of the glasses council are the same in all endowments, so there is no difference between a small or large endowment, but they may vary in level and method The performance of the glasses' councils and their members from one endowment to another, as a result of many factors such as membership numbers, the size of the budget, the number of employees, the newness of the endowment or its age, confirming that there is no ideal model for the size or formation of the glasses council suitable for all circumstances, while there are certain forms, policies, and practices that are better Other.
Al-Mousa explained that the head of the board of directors is the primary person responsible for the endowment unit, as he is the symbol of the council, its spokesperson, the catalyst, and its main supporter, and represents the main link with those outside the endowment from government agencies and others, as well as with the members of the board of directors, who represent great importance in The effectiveness of the supervisory board is that they provide expertise in the areas of developing financial resources and technical assistance in preparing the budget and aspects related to financial management, as well as contributing to the provision of funding or assistance in obtaining it, and participating in committees and reviewing decisions, plans and policies.
Al-Mousa talked about the types of committees and assignments in the Presidency Council and how to build the agenda and prepare the Board’s minutes, as well as the most prominent roles of the Presidency Council, which he embodied in four basic roles, such as planning and developing growth and sustainability, control and accountability, control and direction, and finally follow-up, as well as about monitoring executive performance whether In the principals or executive management boards, explaining the nature, quality and paths of the sound relationship between members of the Presidency Council and the Executive Management, stressing the importance of qualifying members for themselves in the Presiding Officers Board, by ensuring the preparation of the endowment document, the rules of governance, communication and inquiries, and preparing the file of achievements for the endowment and the minutes of previous board meetings, as well as holding an acquaintance meeting with the endowment and public governance.
Emphasis on e-commerce and digital marketing to save time and money
21/09/2020
At the conclusion of the series of "entrepreneurship" workshops in the Asharqia Chamber
Emphasis on e-commerce and digital marketing to save time and money
Asharqia Chamber, represented by the Women’s Business Center on Sunday 20 September 2020, concluded workshops entitled “The Entrepreneurial Series” that was launched last July and presented by Bandar Al-Junaidi (a consultant and certified trainer for entrepreneurship and a member of the American Association of Certified Consultants (AASBC), and Manal Al-Shammari (a trainer in Projects field) over a period of two months.
The last workshop in the series of workshops was titled "E-commerce and Digital Marketing", as the concept of digital marketing was defined as an integrated marketing plan that uses modern electronic technologies and all means of communication available via the Internet to reach the largest target segment of the problem at a lower cost than marketing traditional.
Digital marketing - according to the workshop outputs - has two advantages over traditional marketing, as it provides customers with more convenience and competitive prices, and enables companies to reduce operating costs as a result of dispensing with traditional marketing, saving a lot of money.
The two speakers mentioned that many digital marketing services, including paid-for ads, or on websites or social networks, such as Facebook ads, SEO services, and content marketing strategies, are done in dozens of different ways that are used in marketing.
In order to achieve success in e-commerce, the two speakers see the necessity to design a "website compatible with smartphones" - customers buy directly and indirectly using their mobile devices, and if this site does not exist, the institution may lose large segments of customers
The two speakers concluded that there is a need for a clear business plan to start an e-commerce business.
Asharqia Chamber will organize the "Environment Forum 2020" under the slogan "A sustainable healthy environment" next Monday
20/09/2020
Under the patronage of the Prince of the Eastern Province
Asharqia Chamber will organize the "Environment Forum 2020" under the slogan "A sustainable healthy environment" next Monday
Under the slogan "Towards a sustainable healthy environment", the "Environment Forum 2020" will be launched next Monday (28 / September / 2020 corresponding to 11 / Safar / 1442) organized by the Asharqia Chamber represented by the Environment Committee, under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, discusses a number of issues related to environmental health, its concepts and new in this regard.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, praised the generous sponsorship of this event by His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, who made us accustomed to his keenness and follow-up on these activities, which reflects His Highness’s interest in all the Chamber’s activities and the activities of the private sector As well as his highness’s interest in all issues of concern to the economy, society and people in this generous country.
Participation of officials
The forum, which is held (via visual communication), was described by Al-Khalidi as another step and a new initiative within the orientations of the Asharqia Chamber to support the quality of public life stipulated in the vision of the Kingdom 2030, as it thus reflects the Asharqia Chamber's keenness to deal with everything new in this vital and important topic given the importance of the environment issue to public life, and economic life in particular.
Al-Khalidi explained that the forum will witness the participation of an elite group of experts and specialists in environmental issues, combating desertification, and supporting efforts to preserve wildlife, including official government officials concerned with this matter .. noting that the issue of the environment is one of the topics of importance, not only at the local level. Rather, it is a global issue that is being discussed by governments, institutions, and international organizations, by virtue of its direct relationship to human health and life, so it was one of the most important topics discussed by the United Nations organizations, and the G20 summits (and the Kingdom is one of the highest economic group) in the world.
Forum program
In this regard, Chairman of the Environment Committee of the Asharqia Chamber, Talal bin Sultan Al-Rasheed, said that the forum will be held in three sessions, (an opening session, with two dialogue sessions). During the opening session, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Region, will speak. While the first dialogue session deals with the first axis, which is: “The role of regulations and legislations in environmental sustainability,” while the second topic (in the second session) deals with the issue of “desertification and ways to combat it, enhancing wildlife and its impact on preserving the environment,” all of that based on The topics are interconnected with each other. The promotion of wildlife depends - in some aspects - on increasing the green area and reducing the area of desertification.
Based on that - according to the Chairman of the Environment Committee - the forum discusses under the first axis (and in the first session) several topics under the title of the session, several topics, most notably: “Environmental legislation and its impact on environmental sustainability, environmental agreements at the international level, and the reality and prospects of environmental systems in their development in the Kingdom. And the impact of applying these regulations on the private sector, "with a focus on the impact of the Corona crisis on the environment sector in general.
Environment strategy
In this context, the acting head of the General Authority of Meteorology and Environment, Eng. Ali bin Saeed Al-Ghamdi, and the Director-General of the Ministry of Environment, Water and Agriculture Branch in the Eastern Region, Eng. Amer bin Ali Al-Mutairi will speak during this session. The session will be chaired by the Chairman of the Environment Committee of the Asharqia Chamber, Talal bin Sultan Al-Rasheed.
As for the second session, the forum deals with “the mechanisms and applications of the national environment strategy, the concept of desertification, the demonstration and the mechanisms of dealing with it,” in addition to “the Kingdom's experience in developing wildlife.” During this session, the CEO of the National Center for Wildlife Development, Dr. Mohamed bin Ali will speak Kurban, and the CEO of the National Center for the Development of Vegetation Cover and Combating Desertification, Dr. Khaled Al-Abdullah Al-Abd Al-Qadir, and this session is chaired by the Coordinator of the Environmental Science Committee in the Former Earth Sciences Department at King Fahd University of Petroleum and Minerals.
On Monday, Asharqia Chamber offers a "free specialized consultations" program remotely
20/09/2020
On Monday, Asharqia Chamber offers a "free specialized consultations" program remotely
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, will hold consultation sessions directed at owners of small and medium enterprises on Monday, September 21, 2020, as it includes a set of advice, guidance, and proposals for appropriate solutions to the challenges and difficulties facing the owners of these enterprises in several areas, most notably: marketing, management, and financing.
This program is aimed at all those wishing to start their own projects and owners of small and medium enterprises. The Chamber's staff participating in this program provides a package of practical advice aimed at developing their business and projects, as part of the Asharqia Chamber’s efforts to take care of this vital sector.
Asharqia Chamber Endowments Committee will organize next Sunday a training program on principals and governance councils
17/09/2020
Asharqia Chamber Endowments Committee will organize next Sunday a training program on principals and governance councils
Asharqia Chamber, represented by the Endowments Committee, is organizing, on Sunday, September 20, 2020 , a new training program entitled (Towards an Effective Glasses Council that Achieves Governance), offered by the committee member, Engineer «Musa bin Muhammad Al-Musa».
The program targets the boards of directors and the glasses of private and public endowments, whether institutional or family, and aims to activate the role of these councils, achieve the endowment strategy, liberalize the roles of committees, departments, audit, investment and control, develop the work of leaders, and improve the performance of these councils.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Asharqia Chamber, through the Endowment Committee, provided the capabilities and support in order to revive the endowment culture among the business sector, and coordinated with several official and non-official bodies with the aim of developing the systems and regulations that govern endowment projects, and that this program It represents a continuation of the efforts towards promoting the culture of endowments as a legitimate destination that aims to support the economic and developmental growth of society.
Al-Khalidi stressed the importance of the program, including the topic of great importance in organizing endowments and making them more effective, namely the governance of the supervisory boards, with what governance brings in terms of transparency and clearer visions regarding the board of directors and its management mechanisms and how it leads the endowment to achieve quality and excellence in performance. By choosing appropriate and effective methods.
For this part, the Chairman of the Endowments Committee, Ayed bin Farhan Al-Qahtani, affirmed the committee’s keenness to increase the area of knowledge and knowledge among the community about the culture and concept of endowments, and that it is not limited to certain sectors or aspects, but rather that its concept and purpose is broad that a large number of community members can Activating it and earning a reward from God Almighty, by carrying out this supreme legal intention which is one of the aspects of social solidarity and pushes the wheel of development and the national economy to achieve a possible benefit.
Al-Qahtani added that the Eastern Endowments Committee is proud to be presided over by His Royal Highness Prince “Saud bin Nayef bin Abdulaziz”, and His Royal Highness's Deputy Prince Ahmed bin Fahd bin Salman as its Honorary Deputy, and the great results it has achieved have contributed In increasing the trend towards endowment work of all kinds, as well as the amount of knowledge of endowments, whether in terms of their establishment or management, which the committee has created among the community, and this program is available for the participation of all.
A Specialist: Motivation and employment are the most prominent indicators of success in beauty salons
16/09/2020
In a workshop organized by the Asharqia Chamber
A Specialist: Motivation and employment are the most prominent indicators of success in beauty salons
The Director of Business Development at L'Oréal Middle East, Lodina Al-Hajj, explained that beauty salons in the Saudi local market are entering a new phase, which requires them to first develop their internal environment and makes a comprehensive change in the pattern of a relationship with clients, given the presence of additional activities in this sector, and the situation requires them to be carried out. Such as retail trade and the provision of certain treatments according to specific controls.
Al-Hajj said that the success in the performance of beauty salons is represented in the internal work environment, periodic follow-up, and evaluation of performance levels, stressing that the present time has become a catalyst for salons to add these new activities and that salons communicate with customers, and reach them, not waiting for their arrival.
She added during a workshop organized by the Asharqia Chamber represented by the Women's Workshops and Centers Committee yesterday, Wednesday 9/16/2020, that many developments have taken place in the Saudi workshop market, after the cautious return to the mandatory halt caused by the Corona pandemic, and this has positively reflected on several levels in salons, so the focus has become more on Issues of prevention and avoiding infection and the like, as there are new trends in the provision of services in salons, and many changes witnessed by this activity, which now needs new regulations and regulations that deal with all these developments, which we are waiting for issuance from the concerned authorities, so the issue is only a matter of time.
During the workshop titled (Indicators of Success in Beauty Salons) and moderated by the Chair of the Women’s Workers and Centers Committee, Shuaa Al-Duhailan, she added that the way to achieve success in this field requires the application of several criteria, the most important of which is “motivation, training, and employment.” She called for a comprehensive plan to make the working staff feel With job security, listening to the views of each one of the staff in developing work, and notifying them that success is up to them in all respects, and in order to achieve this requires a set of developmental training programs, especially for new workers who are required to be recruited to work in this field, and to conduct a periodic evaluation process that is done on a weekly basis. To reach a better level of performance, and be mainly dependent on customer opinions.
Al-Haj believes that working in beauty salons is one of the technical works, which requires cooperation between all training and education bodies, in order to provide the market with more advantages. She pointed to the high level of awareness among Saudi women regarding the different professions in salons.
The Chairman and members of the Asharqia Chamber congratulate the leader of the march and his faithful crown prince and pledge to spend the most precious and to be a sincere aid in the country's march towards building and development
16/09/2020
On the occasion of the 90th anniversary of the National Day
The Chairman and members of the Asharqia Chamber congratulate the leader of the march and his faithful crown prince and pledge to spend the most precious and to be a sincere aid in the country's march towards building and development
On the occasion of the 90th anniversary of the National Day, the Chairman and members of the Board of Directors of the Asharqia Chamber and its General Secretariat raised their congratulations and congratulations to the shrine of the Custodian of the Two Holy Mosques, King “Salman bin Abdulaziz Al Saud”, and his trustworthy Crown Prince His Royal Highness the Emir, “Muhammad bin Salman bin Abdulaziz Al Saud », and the Emir of the Eastern Province, His Royal Highness Prince“ Saud bin Nayef bin Abdulaziz Al Saud ”, and his deputy His Royal Highness the Emir,“ Ahmed bin Fahd bin Salman bin Abdulaziz Al Saud ”and to the noble Saudi people, stressing that it is the memory of the endowments Realizing responsibilities, adhering to values, achieving goals, and sacrificing dear and precious for the sake of protecting this country, praising the vast achievements that have been made over the past nine decades, and what the country is currently witnessing in terms of building a university and a developmental boom in various fields within a vision full of targets. It has the greatest impact on discovering the country's natural and human capabilities, we ask God Almighty for the country to enjoy security, safety, prosperity, and prosperity, and for its soldiers to be victorious from stationed in the southern border, and those who are hospitalized to treat people with Corona relatively somehow And others, and they offer a lot as a sacrifice to God and the homeland, pledging to provide the most precious and precious and to be on the side of the wise leadership in the country's march towards construction and development.
The Saudi human being first and foremost
The Chairman of the Board of Directors of the Asharqia Chamber, “Abdul Hakim bin Hamad Al-Ammar Al-Khalidi,” said that on the occasion of the (90th) National Day, we extend our congratulations and congratulations to the leader of the march in the shrine of the Custodian of the Two Holy Mosques and his trustworthy Crown Prince - may God protect them - and we pray to God Almighty to perpetuate this country Glory and security, and added that in the memory of the National Day we always remember the details of this historical event in the life of the homeland, and that heroic march that the united hero - the forgiven God Almighty - King Abdulaziz Al Saud - may God have mercy on his soul - fought for. Unifying the country under one banner, and establishing a state firm on Islamic principles and values.
Al-Khalidi stressed that the secret of the permanent Saudi excellence in crisis management and the introduction of incentive mechanisms in various fields lies in that principle launched by the founder and revolves around (the Saudi person first and foremost), according to which the citizen is given confidence in himself and his capabilities. If the founder succeeded in laying down principles and foundations to build the human being and the entity, and that his honorable children (Saud, Faisal, Khalid, Fahd, and Abdullah) - forgiven by God Almighty’s permission - and the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, followed the same path, To reach this new era, the era of the model vision and its godfather, His Royal Highness Prince "Mohammed bin Salman", according to which this principle was rooted, deepened further, and became a firm and firm approach, and the Kingdom entered a new world of comprehensive growth and development, pledging to wise leadership to be the business sector On the level of responsibility in the process of a comprehensive renaissance.
The paradigm shift
For his part, the Vice-Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, said that the ninetieth national day for the unification of the Kingdom is the day of the nation and the human being, but rather the day of a qualitative shift. As every year we stand before a set of huge, varied and continuous achievements at various levels, political, economic, cultural, etc., and if we stand on the developmental level, we find that the Kingdom is advancing very quickly. According to the Global Entrepreneurship Monitor report for the year 1019-2020 AD, the Kingdom rose to the 17th rank in the world in the Entrepreneurship Index, after it was ranked 41st, and it also jumped from the 45th to the 19th place in the Financial Entrepreneurship Index for the year 2019 AD, and achieved the third place globally among the 54 countries in Government Legislation and Regulations Index in terms of support and link, and the 15th position in the Government Programs Index.
Al-Rizeza added, that this leadership, despite the exceptional situation of the Corona pandemic, came only as a result of the grace of God Almighty, and then the endless support from the wise leadership - may God preserve them - and perpetuate their health and wellness - and the availability of the two elements of sincerity and seriousness in achieving the vision and its goals among the majority of the children of this The generous nation, and the principles of sacrifice, evaluation, review and planning adopted by the country since its first inception, until it was able to continue its march and achieve its goals in light of the challenges imposed by the pandemic.
A strategic choice
A member of the Board of Directors of the Asharqia Chamber, “Ibrahim bin Muhammad Al Al-Sheikh”, said that on the Kingdom’s National Day, we declare our loyalty and affiliation to this great entity, and send our highest congratulations to the wise leadership on this national occasion, which concerns every citizen and resident of this blessed land. End to end
Al-Sheikh added that we - and with the congratulatory card - find ourselves valued and appreciated by the wise leadership for its efforts and eagerness to complete the march of the promising vision, and its recruitment for all its energies to serve the citizens and residents during this emergency period, and it continued day and night to combat the Coronavirus, so the results were consistent and striking in all parts. Earth, pointing out that the greatness of states appears - often - during the face of crises and challenges, and this is what we have seen during the past months, as the wheel of growth has not stopped, and we have found how all institutions were at the level of challenge, responsibility, and sacrifice.
For his part, a member of the Board of Directors, Ahmad bin Suleiman Al-Muhaidib, expressed his overwhelming happiness on the ninetieth anniversary of the National Day, saying: On this occasion, we congratulate ourselves on the growth, prosperity, and development achieved in all fields, which would not have been achieved without the grace of God first and then This civilizational vision established by the founding king, “Abdulaziz Al Saud” - may God rest his soul - and relied on the citizen in launching and reaching its goals. Therefore, it is not surprising if the housing, education, health, and human resources sectors acquired the lion’s share in the state’s public budgets, this is a constant principle One of the principles of the Saudi state set by the founder.
Achievements conveyed to grandchildren
For his part, a member of the Board of Directors, Badr bin Muhammad Al-Abdul Karim, believes that the memory of the National Day is a memory to emphasize the value of unity and to remind the beginnings of the renaissance and the sacrifices of the early grandparents. Since the foundation was laid for growth and development, the honorable sons of the honorable kings continued the path of growth, and therefore the achievements continue and the country Moving forward, and it is also an occasion to celebrate new data and stand at the achievements that are achieved each year.
Al-Abdulkarim said that our country today is witnessing an unprecedented workshop in which activity does not stop despite all the challenges the world faces, because the march is growing and growing with the wisdom of our wise leadership and with the arms and minds of the people of this generous country, and what is the happiest country if it grows and develops in the hands and arms of its people, and happiness increases if we see The results of all the efforts that are made every year on the earth are present, we reap their fruits, we live under it, and we enjoy its benefits, stressing that many modern citizens reap what parents and grandparents planted, and they must preserve that to transfer it to children and grandchildren.
Saudi product
A member of the board of directors, “Bandar bin Rafi al-Jabri,” says that the National Day is the memory of the achievements that speak for themselves, the projects that speak for themselves, and a victorious march that was launched by the founder - may God forgive him - 90 years ago, and has become before the world with value and merit This great renaissance project, which is embodied today in an unprecedented vision fraught with great hopes and determination of men, to create a homeland from which all the values of development, peace, and renaissance radiate to the world, referring to the tangible development witnessed by the logistics sector since its inception, both in terms of expanding the construction of ports and roads. Or, in terms of creating an effective system of procedures and regulations, and a customs system that works with high efficiency, which positively affected the movement of goods and products, and increased investment and employment opportunities in many fields that enabled sector leaders to optimally invest their energies in serving the national economy.
The secret of our toughness
For his part, a member of the Board of Directors, Hamad bin Hammoud Al-Hammad, said that the ninetieth National Day has a special status and a different vision. The emergency conditions and the state of restriction and stopping that the world experienced as a result of the Coronavirus, make us all stop a lot at that management and exemplary performance, which is a natural product of the meanings of leadership, work, and sacrifice, whose foundations were established by the founding king - may God forgive him - and he continued his journey after him his sons, righteous kings, affirming The prevalence of the values of work and sacrifice among us is the fuel of our growth now, the backbone of development, and the secret of our resilience in facing challenges.
Al-Hammad added that the day has several meanings, which he understands and through which each in his field proceeds. The student on the study bench knows the meaning of this day, as well as the factory worker, the employee in the administration, and the businessman who follows up and monitors investment opportunities because everyone is in one ship, which is a ship. Development that is proceeding with complete confidence, and moving rapidly towards a vast and limitless world.
Safe crossing
For his part, a member of the Board of Directors, Saadoun bin Khalid Al-Ateesh Al-Khalidi, expressed his gratitude and appreciation for all the steps and measures taken by the state for the sake of growth and development, preservation of achievements and building on them, saying: The National Day has become an occasion through which we are proud of the emergence of this great entity and what has been achieved During 9 decades of pride and empowerment, it is an occasion to celebrate and work on the continuity of development, evaluation, evaluation, and review, and then further launch towards a wider horizon in the world of development, and that the Kingdom is already shaping its future today based on the past full of achievements and according to an ambitious and creative vision whose details and the reality we live in. The days and we aspire to reap their fruits - God willing - noting the impact that commemorating the National Day has between young people and emerging generations, and it carries a sermon and lesson that supports us all in the safe transition to the present, and then the ability to participate in shaping a better future for this blessed land.
A board member, Salah bin Abdul Hadi Al-Qahtani, said that on the occasion of the National Day, we feel a history full of achievements, rich in lessons and sermons, and full of stories and sacrifices for the sake of raising the flag of this country high among nations, it is an eternal memory for us and for those who live on this homeland. Stressing that the values established by the founder, especially the values of sacrifice and altruism, were tantamount to the passage of crises, referring to the Corona pandemic, during which the wise leadership sacrificed dear and precious for the sake of preserving the citizen and resident on this blessed land, and it has done a lot in order to mitigate its health and economic effects, indicating To a package of initiatives that were launched with the beginning of the repercussions of the pandemic in order to support the private sector, especially small and medium enterprises, and economic activities most affected by the consequences of the Coronavirus, and reached 142 initiatives and more that targeted individuals, private sector establishments and investors, whose value exceeded 214 billion riyals and more, calling for the celebration of the National Day And reviving its history, as well as celebrating the wisdom and sophistication of the rulers of the matter, their hard work and infinite sincerity for the sake of preserving the people of this good land.
Growth and prosperity
For his part, a member of the Board of Directors, Abdul Rahman bin Sulaiman Al-Suhaimi, stressed that the growth and prosperity the country is witnessing today at all levels, and in all fields and sectors, is an extension of the foundations and constants established by the founding king - may God have mercy on him - on which the Saudi state was built Modern, and his sons became the righteous kings after him, pointing out that the Kingdom lives under the wise leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his trustworthy Crown Prince His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, the most brilliant of its promises, and a new era that moves to the Kingdom according to For a comprehensive and clear vision of the steps and mechanisms to broad horizons of development and modernity, stressing that the memory of the National Day represents for us as businessmen the meaning of starting and participating in building the nation, and playing a duty role in achieving its growth and prosperity and its endeavors towards sustainable development, a day to remember the stories of the heroes and features of the near future bright, calling God Almighty, with success in continuing the march towards progress and prosperity.
Great history
For her part, a member of the Board of Directors, “Al-Anoud bint Tawfiq Al-Ramah”, called on all the sons of this generous nation to stand carefully in front of the great achievements of this great history that draws from her experience of the whole world. In it ably, saying: The National Day makes us stop and re-read that day in all its details and developments, as it represents a fuel that pushes us to complete the march and reach the future safely, pointing to the catalytic and motivating achievements of the past to continue the march - in full swing.
Al-Anoud stressed the attention, appreciation, and great care that Saudi women have received from the rulers, and placing them among the elements of power possessed by the Kingdom, and relying on them as an influential and effective element in implementing her vision, but rather comes from their complete belief in the ability of Saudi women to actively participate in the process of building the nation And her ability to assume responsibility, pointing out that Saudi women have received over many years great attention from the wise government, which resulted in tangible achievements in all fields, whether political, economic or social, calling on the Almighty God for success in continuing the march towards progress and prosperity.
activity dose
“Muhammad bin Saleh Al-Sayed” member of the Board of Directors of the Asharqia Chamber, said that the 90th anniversary of the National Day is; It is the memory of the solid building that parents and grandparents placed in the footsteps of the Founder - may God forgive him - and became a beacon for all to guide and a reference that leads us to progress and prosperity; As the memory of the National Day descends upon us and we are in dire need to redeem the lessons and the ancient history to cross our ambitious vision towards a promising future and a prosperous future, praising the approach of balanced development and policies supporting economic growth blessed by the shrine of my master, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and implemented by his faithful Crown Prince His Royal Highness Prince Muhammad bin Salman bin Abdulaziz - may God protect them - and reflected the true capabilities of our country with its huge investment capabilities in various fields, which are qualified to be the engine of our economy and an additional source of national income.
Pride
A member of the Board of Directors, Nasser bin Rashid Al Bajash, said that the National Day is a day of pride and pride, and it occupies a special place in the hearts of the people of this country, as it is the memory of achieving the goals and building a well-developed and well-established country that possessed the capabilities and qualifications that made it it's center and focus. His high position among the nations, saying: Since monotheism and the Kingdom has witnessed over the successive decades of work and rapid development in every direction, the shovels of construction are rising everywhere, and the wheel of development is moving in various aspects of life, pointing out that it is an opportunity to feel in it our roles and what we can offer towards A generous nation, and we pledge ourselves and our wise leadership to do our utmost to be a help and an effective number in what they seek to raise the flag of our homeland high among nations.
For his part, a member of the Board of Directors, "Nasser bin Abdulaziz Al-Ansari", congratulated the wise leadership and the honorable Saudi citizen on the anniversary of the 90th National Day, which we remember as we go through historical moments from the life of this glorious nation, moments recorded by the history of development and reform, and that leads us to tomorrow He promised in accordance with ambitious visions towards progress and prosperity, on this glorious day the country with wisdom and determination the founder surpassed the challenges and made for us a lofty homeland that our wise leadership continues to build according to its firm foundations and the value of authenticity.
The solidity of the economy
A member of the board of directors, “Najeeb bin Abdullah Al-Saihati” said, “Our country today is forging a new chapter of the renaissance and proving to the whole world its cultural and economic depth, based on what the fathers and grandparents have established. The rulers of the matter approved it from a fully-fledged vision aimed at optimizing all the strengths that the country possesses, whether natural or human. Through it, we saw how our wise leadership managed it wisely, wisely, and sacrifice, giving absolute priority to the health and safety of the citizen and resident and mitigating its health and economic effects, in order to cross the homeland to a safe shore. His Royal Highness Prince Muhammad bin Salman bin Abdulaziz - may God protect them - for what they offer to raise the flag of our generous nation.
Historical moments
For her part, a member of the Board of Directors, “Nouf bint Abdulaziz Al-Turki” said, on the anniversary of the National Day, we have the right to remember and be proud of the achievements of the founding king - may God rest his soul - that history will not forget for him, those capabilities that the honorable kings of his sons followed according to the values of It is deeply rooted, and that the role that the sons and daughters of this country play today in achieving a promising future and a prosperous tomorrow with a tight vision, affirmed the national and growing role of Saudi women. Which was not empowered out of whim or luxury, but according to a wise vision of our wise leadership that strengthened its position in the heart of its society.
Critical positions
For his part, the Secretary-General of the Asharqia Chamber, Abdul Rahman bin Abdullah Al-Wabel, said that the 90th National Day is a glorious memory that grandparents pass on to their grandchildren, bearing all the true patriotic sentiments of this giant renaissance project. We congratulate our wise leadership and the honorable Saudi people for this promising desire to consolidate and complete the project Building our renaissance to present to the world our project derived from our great identity and values, stressing that it is the memory of decisive stances, national cohesion, and the values of work and sacrifice to revive this country and raise its banner, it is the memory of sincere patriotic feelings, determination and determination to build a state whose contents are complementary, and its components fuse into one entity and under the banner One, stressing that this precious memory requires us to remind our young men and women of the Day of Unity, the meanings it contained in the meeting of the word, the honor of sacrifice, and the nobility of the destination, indicating that the Kingdom today occupies a high position within the strongest economies in the world and contributes to global economic decision-making, and the banner rises Its wise policy, and its noble principles of humanity are flipping among nations, and its experiences and approach to growth and development are almost imitated by all countries, pointing out that it is the Arab Kingdom Saudi Arabia, which over the past nine decades, thanks to God first and then its just rulers, has been able to strengthen its position in the Islamic, Arab and international arenas, and has become an example of achieving goals and addressing challenges, saying: The follower of its decisions and positions realizes the extent of its high position and value among nations, so congratulations to us for our leadership Al-Rashidah, who spared no effort for the sake of this blessed land, extending his congratulations to the Custodian of the Two Holy Mosques and to his faithful Crown Prince - may God protect them - and to the loyal Saudi people, on the occasion of the anniversary of the National Day, calling on the Almighty to preserve the country and bring it further progress and development.
Tuesday's meeting for Businesswomen reviews the development prospects of Saudi women
16/09/2020
Tuesday's meeting for Businesswomen reviews the development prospects of Saudi women
The Asharqia Chamber, represented by the Business Women Center, held a monthly Tuesday meeting for businesswomen in the region, via remote communication, on the day before yesterday, Tuesday, September 15, 2020, under the title "Developmental horizons ... for Saudi women", during which it hosted the Assistant Director General of the Ministry of Human Resources and Development Branch The Social Development Sector for the Social Development Sector in the Eastern Province, Ms. Ibtisam Abdullah Al-Humayzi, and the meeting was moderated by the Director of the Businesswomen's Center in charge, Ms. Hanan Al-Wabel, and witnessed a wide participation of the region's businesswomen.
Al-Humayzi reviewed, during the meeting, a number of axes and services provided by the Ministry of Human Resources and Social Development, Eastern Region Branch, with the aim of promoting community development and supporting the non-profit sector in light of Vision 2030 AD, explaining the mechanisms for registering a civil society, and how its electronic procedures are conducted, and also highlighting the developmental areas in The eastern region, which can enjoy the participation of women through the establishment of specialized associations, and pointed out that the new system of associations and civil institutions covers many areas that were not previously covered, such as education, research, culture, entertainment, health, environment, social services, development, housing, and many others.
Al-Humayzi stressed that Saudi women receive generous care, encouragement and great support from the wise leadership, which paved the way for them to launch in many areas of development, and indicated the pivotal role that Saudi women can play in the non-profit sector, which is a fundamental pillar in achieving a vision The Kingdom 2030 AD, and it is one of the main pillars of the development process and an effective partner in the comprehensive development renaissance in the Kingdom.
Al-Humayzi said that women today are in front of a sector that opens its arms to those who care about it, pointing out that in the near future the results of the non-profit sector will appear on the ground, represented by the creation of an ideal society, blessed with specialized associations and creative initiatives that have their social and economic goals, and have also her own vision for the evolution of society.
Al-Humayzi explained that the strategic goal of supporting the growth of the non-profit sector is its development, increasing its diversity and its ability to influence, to become one of the pillars of the economic and social environment in the Kingdom and a supporter of the government support system and a source of jobs, in addition to achieving sustainability and its deep social impact, enhancing its role in innovation and providing its services with quality. High, by building an advanced system through which the sector works.
Hadaf offers programs to support additional employment for people with disabilities, women and patients with kidney failure
16/09/2020
During a meeting organized by the Asharqia Chamber
Hadaf offers programs to support additional employment for people with disabilities, women and patients with kidney failure
The Director of the Human Resources Development Fund Branch "Hadaf" in the Eastern Province Abdulaziz Al-Youssef emphasized the Fund's keenness to provide additional support to private institutions in the event that they attract groups of people with disabilities, females, and those who are in low-opportunity areas, and patients with kidney failure, according to mechanisms and programs Dedicated to each category, in line with the vision and mission of the fund in supporting nationalization and Saudization.
This came during a remote meeting organized by the Asharqia Chamber represented by the Chamber’s Business Council in the Khafji Governorate on Tuesday (15 / September / 2020) about “the services, programs and enablers of the Human Resources Development Fund (Hadaf) provided to establishments and businessmen in Al-Khafji Governorate and managed by Council Chairman Marzouq Al-Balawi, and he said That the fund adopts this based on a long-term vision that says: “National human resources initiative and product”, and carries a message: “The development and development of national human resources through effective and high-impact initiatives provided by the company with the main stakeholders of the labor market system.” Therefore, the activities of the Fund proceed According to a system of values that are: "Focus on results, excellence, transparency, team spirit, speed of achievement, with a focus on the target customer."
He pointed out that all the fund's services and activities are carried out through 22 branches throughout the Kingdom, 40 rehabilitation centers, and 7 employment offices (including 3 branches, 9 centers, and one office in the Eastern Province), all of which attract job vacancies, hold employment meetings, and so on.
Al-Youssef reviewed some of the fund's initiatives to support the option of Emiratisation in the public and private sectors, most notably the National Labor Portal (Taqat) and the National Observatory. The first, he said, is a comprehensive electronic platform for the labor market in the Kingdom that brings together job seekers and business owners, and provides an opportunity to provide and exchange services Efficient and effective recruitment and training to increase the stability and development of the workforce in the local labor market and contribute to offering job opportunities fairly for all.
About the National Observatory, it aims to contribute to supporting decision-making and developing programs through accurate data, indicators, reports, and studies that reflect the reality of the labor market in the Kingdom, explaining that the observatory is implementing its activities through the fund's partnership with a number of government agencies, including the ministries of "Human Resources and Development." Social, Municipal and Rural Affairs, Justice, Education, Trade and Investment, with the “Social Insurance, Retirement, Technical and Vocational Training” institutions, and the “Public Transport and Statistics” bodies with an "Elm" platform.
Al-Youssef said that the fund provides a number of various programs to support employment and training, with the aim of supporting researchers and job seekers in the private sector, as the fund bears a percentage of the employee's wages, and includes all jobs in the private sector for full-time and remote work, with additional support for employment in the regions. And cities with less opportunities, employment of females, people with disabilities, and patients with kidney failure, and each of these groups has a special program of support that is carried out according to specific mechanisms.
He reviewed a set of requirements and support mechanisms, stressing that the support is directed to all private sector establishments that can be supported unless they are parked at the Ministry of Human Resources and Social Development or the Human Resources Development Fund.
The Real Estate and Urban Development Committee approves its work plan for 2021
16/09/2020
The Real Estate and Urban Development Committee approves its work plan for 2021
The Real Estate and Urban Development Committee of the Asharqia Chamber held its remote meeting on Monday 14 September 2020, in which it discussed its work plan during the last quarter of this year.
The head of the committee, who chaired the meeting, said that the committee reviewed the program of activities and meetings that discuss the sector's challenges and highlighted appropriate solutions to them, with the participation of officials and specialists, with the aim of highlighting and sharing everyone's participation in all that is new in the sector.
Bin Hamri said that the committee discussed a number of activities within the agenda for the remainder of its work plan for the current year, most notably the holding of an expanded meeting for the sector to be implemented during the month of November, and approved its work plan for 2021.
The Women's salons and Centers Committee reviews a number of its activities for the coming period
13/09/2020
The Women's salons and Centers Committee reviews a number of its activities for the coming period
On Thursday, September 10, 2020, the Women's salons and Centers Committee in the Asharqia Chamber held its remote meeting chaired by Shuaa Al-Duhailan, in which it discussed a number of activities for the committee during the coming period, most notably the expanded meeting of the sector, in addition to a number of visits to similar committees in the Saudi chambers.
The committee reviewed the initiatives of a number of bodies to stimulate work in the women's workshops and centers sector, and main lines of the most important programs implemented by the committee in the last quarter of the current year 2020.
Al-Duhailan said that the committee will continue to hold its meetings, activities, and programs in support of the sector in order to develop the mechanism of work in it in the current circumstances, and the committee will receive its counterpart in the Hail Chamber at the end of October with the aim of exchanging experiences and looking at the lessons learned between the two parties.
Expert: CV is the trump card and the first gateway to transit to seize career opportunities
10/09/2020
In a remote meeting organized by the Asharqia Chamber
Expert: CV is the trump card and the first gateway to transit to seize career opportunities
An expert in human resources said that the CV is the trump card and the first gateway to crossing to seize job opportunities, advising young men and women in constant awareness of sources of employment polarization, as well as those who are willing to conduct job interviews by collecting information about the facility and the job to be filled, and not to overlook the general appearance when the interview,
Ali Al Eid, The Head of Human Resources for Aujan Coca-Cola Saudi Arabia, noted the need to continue updating and developing the CV, while not using ready-made and old templates or exaggerating the use of designs, and he pointed out the importance of not elaborating some of its contents such as (job tasks - training courses).
This came during the lecture, organized by the Asharqia Chamber, represented by the Employment Center, on the evening of Wednesday 9 September 2020 AD, about the success factors that support young men and women in seizing available job opportunities, starting from defining the career goal through the contents of the CV, realizing the sources of recruitment and ending with the interview and how to pass it.
Al Ali said that the CV is the trump card and the first gateway to seizing job opportunities, and then its formulation and output must take sufficient time to present it appropriately, pointing to the importance of containing the academic qualifications, practical experiences, training programs that have been obtained and all entities that can be referred. In case the company wants to inquire about the applicant for the job, in addition to paying attention to the visual output of the CV as a whole, noting the need to avoid linguistic and grammatical errors when writing a CV, and not neglecting important milestones that should be mentioned in the CV, and avoiding copying biographical phrases from different sources Without paying attention to what was written.
Al Ali advised, to take caution and beware of fraudulent job offers, which are unclear or complete, as they fail to provide any clear information about the caller or the requesting party, and often by presenting a very attractive financial offer that exceeds personal expectations and market rates, or when submitting the offer. The job requires money to complete the fake employment, and finally to submit an offer with the dream job title that does not match the qualifications and experiences of the victim.
This introductory lecture comes within a series of lectures presented by the Asharqia Chamber of Employment Center for the business community to educate about initiatives that serve the sector and to discuss directly with officials about any questions or inquiries they have.
Al-Rashed: The continuation of the family business is based on an entrepreneurial thought
09/09/2020
During a meeting organized by the Young Entrepreneur Magazine within the Virtual Experience Program
Al-Rashed: The continuation of the family business is based on an entrepreneurial thought
Competition for leadership is the cause of the collapse of companies, and I do not recognize the centralization ... and the skills you learn in the field
He advised male and female entrepreneurs to consider investing in the technology sector
In the Shura Council, you have to understand people's concerns so that you know how to discuss them.
A member of the Shura Council, Mr. Abdul Rahman bin Rashid Al-Rashed, and the former Chairman of the Council of Saudi Chambers called on business leaders for more research and knowledge if they wanted to participate and influence decision-making, stressing that the continuation of the family business' business is based on the entrepreneurial thinking of the new generation.
Al-Rashed, who was a guest in the Asharqia Chamber as part of the hypothetical "My Experience" program, one of the Youth Business Council programs on the evening of Tuesday, September 8, 2020, during which he talked about the most prominent stations of his career and practical work, said that entrepreneurs and entrepreneurs are enthusiastic and enthusiastic, and their love for change and development, through the implementation of their ideas that They contribute to the renewal of the mechanism of work in their family companies, but they lack experience in several arts, the most prominent of which is the art of communication and persuasion. If the entrepreneurs do not possess this art, they will not be able to convince the decision-makers of their ideas that may be of real value, indicating that the acquisition of these arts and skills comes from Practical experience outside the family.
Work culture
In a talk about his beginnings, Al-Rashed stressed that he learned from his father the love of work and the concept of work culture and dealing with others and adherence to regulations, procedures and powers, and said: Our founding father planted in us a love of work and keenness to achieve success, as the successful person cares about the success of others and those around him in the work team, pointing out that It is better for the members of the commercial family to engage in work outside the family business, especially after the university level, until they learn skills that they may not be able to acquire in the family company, being the son of the family, and this view will always follow him and will have a negative impact on his personality first and on work secondly.
Regarding his practical experience outside the family, Al-Rashed pointed out during the meeting, which was moderated by a member of the Business Youth Council, Saad Al-Muammar, to more than one practical experience that refined his personality and gave him various skills, but the real practical experience in which he tested all the skills that he acquired is the liquidation of companies, as his founding father entrusted in this work, although it was arduous in its details, but he learned a lot through it, and added new skills to his personality, including negotiation, respecting the opinion of others, approaching views and not being central to work.
On the most important steps for the development and continuation of family businesses, Al-Rashed said that the continuation of companies depends on renewed members of the same family who love free work and are interested in developing work and establishing companies and mastering this according to a methodical method and a plan of action led by a flexible and empowered leader, in an atmosphere of mutual respect and friendliness between everyone and not surrender to feelings And emotion, pointing out that rivalries and competition for leadership are the first steps in the collapse of family businesses.
Asharqia Chamber
In response to a question about the central administration, Al-Rashed said that it is not necessarily that centralization produces positive results, and it is better for everyone to carry out his duties and functions, and about his personal experience in the non-profit sector and public affairs represented in the Asharqia Chamber and the Council of Chambers in parallel with the private sector represented in the family business I did not work in a central way I was able to achieve success in both sectors, because I am a believer of the cards around me, and I would never prefer to work in a central position
Al-Rashed talked about his passion and love for voluntary and non-profit work, referring to his work in the chambers of commerce (the Saudi Council of Chambers and the Asharqia Chamber) and said: I headed the Asharqia Chamber and I was 40 years old at the time, and it was an opportunity to work with senior businessmen in the Eastern Region and sit with them at one table and benefit from Their great experiences in personal and professional life, stressing that it is a rich experience aimed at developing work in it and discussing the aspirations and challenges of the business sector, but we went to more than that where we prepared studies in cooperation with expert houses and submitted them to ministers so that they are close to the business sector and seek his opinion when making decisions. Its results were satisfactory to all parties.
Al-Rashed added: The Asharqia Chamber was known for its distinction and its diverse and effective activities, which attracted even the trade and official delegations visiting the Kingdom who were requesting that the room be their first destination.
He said: During my presidency, I was keen to establish the Business Youth Council in the sense that there is a new generation coming from the business families, with its aspirations and ambitions, and the room must have contact with him to support him and benefit from his energies. Business is the first of its kind at the level of Saudi chambers, believing in the importance of empowering women in self-employment and their role in supporting the economic movement.
Consultative Council
Regarding his experience in the Saudi Shura Council, Al-Rashed described it as a rich experience that exceeded the limits of his experience in the non-profit voluntary sector represented by his work in the Saudi Chambers of Commerce, in the Shura Council you learn how to understand the concerns of people so that you know how to discuss them with all your colleagues in the council within the framework of the known boundaries.
Al-Rashed concluded his meeting with the necessity for the business sector to have participation towards society, as he received support and assistance from him and he must return this favor to him so that God Almighty blesses his actions.
At the end of the meeting, the President of the Asharqia Chamber, Mr. Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, praised the great roles that the chamber witnessed during the tenure of Al-Rashed and his colleagues, members of the Board of Directors, and the Chairman of the Chamber’s Business Youth Council, Fahd Al-Faraj, stressed the continuous support that the Council finds from Al-Rashid.
The Chairman of the Asharqia Chamber: The growth of foreign investments and the recovery of economic activity despite the pandemic confirms the strength and diversity of the Kingdom's economy and the security of its investment environment
09/09/2020
The Chairman of the Asharqia Chamber: The growth of foreign investments and the recovery of economic activity despite the pandemic confirms the strength and diversity of the Kingdom's economy and the security of its investment environment
The chairman of the Asharqia Chamber, “Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi,” said that the indicators of progress achieved by the national economy in light of the Corona pandemic, especially with regard to the growth of foreign investment flows, and the remarkable recovery of economic activities by the end of the second quarter, as the first recorded positive growth with an increase of 19% for the same period in 2019, and 20% for the first quarter of the current year, but it confirms the strength and diversity of the national economy, and that the investment environment in the Kingdom represents a source of security and confidence, and that it is able to absorb shocks and turn them into fruitful opportunities for investors) and also the positive path that leads us of the mechanism of the Kingdom's Vision 2030 tracks.
Al-Khalidi affirmed that the distinguished performance and balanced and wise policies adopted by the government of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and the Crown Prince His Royal Highness, Prince Muhammad bin Salman bin Abdulaziz Al Saud, in dealing with the crisis had the greatest impact on the continued attractiveness of the market to foreign investors,
The Council of Ministers, in its meeting yesterday, Tuesday, September 8, 2020, praised the positive indicators recorded for the Saudi economy in the wake of the pandemic from the growth of foreign investments and the recovery of economic activity while allowing the reopening of activities.
The Council of Ministers, in its meeting yesterday, Tuesday, September 8, 2020, praised the positive indicators recorded for the Saudi economy in the wake of the pandemic from the growth of foreign investments and the recovery of economic activity while allowing the reopening of activities.
Al-Khalidi expressed his optimism that the coming periods will witness greater growth in foreign investments with the decline of the pandemic, especially because of the qualitative investment opportunities that the Kingdom offers in various fields, especially those strategic projects related to the Kingdom's vision 2030, and the safe and attractive environment it provides for investment, in addition to the management it has shown. Successful, it was able to overcome the obstacles imposed by the Corona pandemic and achieve safe transit for the national economy from its consequences.
Asharqia Chamber is organizing the "Environment Forum 2020 ... Toward a Sustainable Health Environment" at the end of this September
07/09/2020
Under the patronage of the Prince of the Eastern Province
Asharqia Chamber is organizing the "Environment Forum 2020 ... Toward a Sustainable Health Environment" at the end of this September
The Environment Forum 2020 ... Towards a sustainable healthy environment, organized by Asharqia Chamber on Monday 28 / September / 2020 corresponding to 11 / Safar / 1442, discusses a number of issues related to environmental health and the development of this concept and new in this regard, with the distinguished participation of a number of experts Among them are officials directly related to this matter.
The Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, explained that the forum, which is held under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, "(via video call) reflects the Asharqia Chamber's keenness on this vital and important topic when the theme of the environment is of importance to public life, and to the economy in particular.
Al-Khalidi clarified that the forum will witness the participation of a number of experts and specialists in environmental, desertification, and wildlife issues, among them official government officials concerned with this matter. Noting that the issue of the environment is one of the important topics, not only at the local level but rather a global issue that is being discussed. Governments, institutions, and international organizations, by virtue of their direct relationship to human health and life.
Al-Khalidi praised the official sponsorship of this event by His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, who made us accustomed to his keenness and follow-up on these activities, which reflects His Highness’s interest in all the Chamber’s activities and the activities of the private sector .. Pointing to the interaction of the rest of the government agencies concerned. These include the Ministry of Environment, Water and Agriculture represented by its branch in the Eastern Province, as well as the General Authority for Meteorology and Environmental Protection, the National Center for Wildlife Development, and the National Center for Vegetation Cover Development and Combating Desertification.
For this part, The Chairman of the Environment Committee of the Asharqia Chamber, Talal bin Sultan Al-Rasheed, said that the forum will be held in three sessions, (an opening session and two dialogue sessions). During the opening session, His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province, will speak during the opening session. The first dialogue session "The role of laws and legislations in environmental sustainability", while the second part deals with the issue of "desertification and means of combating it, enhancing wildlife and its impact on preserving the environment."
The first session, the participants in the forum will discuss several topics, the most prominent of which are: “Environmental legislation and its impact on environmental sustainability, environmental agreements at the international level, the reality and prospects of environmental systems in the Kingdom, the development of environmental systems in the Kingdom, the effect of applying environmental regulations on the private sector, The impact of the Corona crisis on the environment sector. The session will be chaired by the Chairman of the Environment Committee of the Asharqia Chamber, Talal bin Sultan Al-Rasheed.
As for the second session, the forum deals with “the mechanisms and applications of the national environment strategy, the concept of desertification, the demonstration and the mechanisms of dealing with it,” in addition to “the Kingdom's experience in developing wildlife.” During this session, the CEO of the National Center for Wildlife Development, Dr. Muhammad bin Ali will speak Dr. Kurban, and the CEO of the National Center for the Development of Vegetation Cover and Combating Desertification, Dr. Khaled Al-Abdullah Al-Abd Al-Qadir. This session is chaired by the Coordinator of the Environmental Science Committee in the Former Earth Sciences Department at King Fahd University of Petroleum and Minerals.
The "Entrepreneurship Series" demonstrates the skills of presenting an entrepreneurial project to the investor
07/09/2020
The "Entrepreneurship Series" demonstrates the skills of presenting an entrepreneurial project to the investor
Within the "Entrepreneurial Series" organized by the Asharqia Chamber represented by the Business Women Center, a remote workshop entitled "Project Presentation Skills to the Investor" was held on the evening of Sunday, September 7, 2020, during which Bandar Al-Junaidi, a certified consultant and trainer for entrepreneurship and a member of the American Association of Certified Consultants (AASBC), and Manal Al-Shammari, the Projects Trainer.
The workshop dealt with several important topics in this regard, including presentation skills, communication skills, negotiation and persuasion skills, as well as thinking skills and positive visualization of scenarios for positive motivation, and the issue of good training to master these skills was emphasized.
The workshop, which was held remotely, emphasized the issue of knowing the recipient and target audience of the show, and determining whether they were clients waiting for a solution to a specific problem, or learning something new, or they were stakeholders or decision-makers, and the project could be accepted or rejected. The issue is determined by the nature of the presentation, and the method of delivering the presentation.
In this regard, the issue of "the content of the proposal", which begins with defining the project and its specifications, the problem that the project addresses and the solutions it provides, and the opportunity that these solutions entail, were touched on.
The workshop referred to some topics related to presentation styles, such as clarity, simplicity, body language, and the confident appearance in front of the listeners.
Additional achievements for services at King Fahd Airport over the past year
03/09/2020
During Tuesday's monthly meeting in the Asharqia ChamberAdditional achievements for services at King Fahd Airport over the past year
Attracting 5 new airlines, and achieving a 7% increase in passenger traffic
Promising investment opportunities in the "Cargo Village" and the logistics zone
The CEO of Dammam Airports Company "Daco" Fahad Al-Harbi said that passenger traffic at King Fahd International Airport recorded a growth of 7.5% in the last year 2019 compared to 2018, as the number of passengers through the airport reached 10.8 million general passengers after the entry of 5 new airlines.
This came during Tuesday's monthly meeting for the business sector, which was held on Tuesday evening (01 / September / 2020), with the participation of the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, where Al-Harbi stated that the airport at the present time serves about 43 destinations, through 37 airlines It is the third-largest Saudi airport in terms of the number of passengers.
During the meeting, which was held "remotely" and moderated by the Chamber's Secretary-General, Abdulrahman bin Abdullah Al-Wabel, he indicated that the total investable areas at the airport exceeded 237 thousand square meters, which provide a set of investment opportunities available to businessmen, pointing out that the company is working to attract many Of the investments, the development and operation of the closed part of the airport terminal are also being studied.
Within this context, Al-Harbi explained that the company is developing and replacing the baggage handling system, which is being implemented through four successive stages, as the first stage has been completed, which consisted in replacing the entire baggage belt in the arrival area for domestic flights, and work is currently underway to complete the second phase, which will include Replacing passenger registration platforms and their belts, as the project contributes to increasing the passenger registration platforms from 60 to 84 platforms. The implementation of the project is expected to be completed in the third quarter of 2021, God willing.
Al-Harbi added that the total number of commercial companies operating at the airport is 140 companies whose activities vary in various sectors, and there is still room for attracting more companies.
With regard to development projects, Al-Harbi explained that the company has completed 41 projects to develop infrastructure and facilities at the airport, and 24 projects are currently being implemented, and there are more than 70 projects under study.
Al-Harbi reviewed the meeting by presenting the most prominent developments in the cargo village at King Fahd International Airport, which is the first of its kind in the Kingdom's airports. The development of the first and second stages of operating the village has been completed, and the third phase has partially started, which embraces the deposit and re-export area, which allows re-export Shipments without the need to pay customs duties and including light products re-assembly area. The partial operation of the fourth phase has also recently started, including the open logistics area, whose services will be announced soon.
The meeting concluded by affirming that the role of "Daco" is to create a competitive environment and add value to current and future companies by facilitating procedures and providing advanced infrastructure.
The Logistics Committee in the Asharqia Chamber discusses the challenges of the sector
03/09/2020
The Logistics Committee in the Asharqia Chamber discusses the challenges of the sector
The Logistics Committee of the Asharqia Chamber held its meeting in which it reviewed the most important issues related to the logistics sector and a number of ideas that contribute to developing the mechanism of work in it.
The head of the committee, Rakan bin Abdulrahman Al-otaishan, who chaired the meeting on Wednesday, September 2, 2020, said that the committee discussed a number of challenges that stand in the way of the business sector, indicating steps that the committee is taking to discuss these challenges with specialists and officials in the relevant departments, through several meetings held. And field visits that it carries out, with the aim of making full use of the services provided by the departments, and as a result, the continuation of work in the sector and the development of its tools.
The committee stressed facing the obstacles facing the logistical sector, such as the commercial cover-up and the work of foreign trucks, as coordination is underway with the relevant authorities to protect the regular investor. The committee also blessed the initiative of the Public Transport Authority to launch the electronic contracts system for renting vehicles through its portal and its positive impact on preserving rights.
Al-Otaishan said that the committee continues to serve the sector by holding its meetings remotely to address the difficulties it faces.
Al-Khafji Business Council reviews the business sector challenges to the mayor of the province
02/09/2020
Al-Khafji Business Council reviews the business sector challenges to the mayor of the province
The Business Council of the Asharqia Chamber branch in the Khafji governorate organized a remote meeting with the mayor of the province, Engineer Muhammad bin Hizam Al-Hamidani, in which he reviewed the most prominent achievements of the municipality towards the business sector during the Corona pandemic, and the challenges facing the sector in Khafji.
Al-Hamidani discussed during the meeting, which was held Tuesday 1 September 2020, and was moderated by the Chairman of the Council Marzouq Al-Balawi with the participation of a number of members of the Council, several important axes, foremost of which are: investment opportunities in the governorate, the mechanism for renewing industrial licenses, and the package of facilities and incentive programs for the business sector that enable him to continue its roles in the development of the national economy.
Al-Balawi said that the meeting of the mayor comes within a series of meetings held by the council with officials and specialists, with the aim of highlighting the most prominent difficulties facing the business sector in general and the projects of entrepreneurs and women entrepreneurs in the governorate, indicating that the council seeks through these meetings to address these challenges by direct contact with the competent official.
Entrepreneurship consultant emphasizes inclusiveness in developing plans to launch small projects
02/09/2020
In a remote meeting organized by the Asharqia Chamber
Entrepreneurship consultant emphasizes inclusiveness in developing plans to launch small projects
Entrepreneurship advisor Mohammed bin Abdullah Al-Owaid emphasized the importance of accuracy in vocabulary and details of business plans to ensure success in projects, especially small and medium enterprises. An allusion to the 16 elements that make up the business plan for any project that includes the marketing, technical and financial aspects, as well as the administrative, organizational, legal, etc.
This came in a direct (remote) meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center on Tuesday 1 / September / 2020 under the title "Action Plan for Small and Medium Enterprises", as he explained that the plans with these many elements improve the chances of success, as it is a road map Assists the owner of the establishment to move to new areas for which the roads may be bumpy and dangerous.
In order for the business plan to be effective, it must pass a realistic test, which includes the existence of a real market that the product enters at the same cost estimated in the plan, hence the importance of each plan having an executive summary that is prepared after the completion of the plan.
One of the important elements that guarantee the success of the plans is that the project has a "message" which is a written document consisting of a sentence or some sentences indicating the purpose of the project, according to which the identity of the project, the fields of activity, and the clients are determined, and goals are formulated according to that, So it is the "message" as a guide to the type of work required of managers and employees. Stressing that in order for the message to be accurate, it must monitor a group of components, including: “customers, products, markets, technology, workers, the general image of the company ....” and so on.
He added that based on defining the mission, it becomes clear what has been termed a "vision" which means the values, beliefs, priorities, and interests of the project (the company or the institution), which form a mental picture of what the project intends to achieve and what it will be in the future. The objectives are clarified, the path speaks and the personality of the institution is drawn. It has to be clear, concise, and forward-looking, aiming at ideals.
Accordingly - and the speech of the lecturer - seeks the goals that are the desired result to be reached in a specific time in light of the material and human capabilities that are provided, and of course the working goals differ from the goals of the stage.
From here, and according to the clarity of the vision, mission, and goals, strategic plans can be drawn up and formulated which areas the lecturer says - long-term plans, and from which initiatives and activities that the institution will undertake to achieve its goals are determined. He noted the importance of integrating strategic plans with the method of doing business.
Al-Owaid goes on to explain some of the strategic planning requirements - after the clear vision, mission, and goals - including identifying opportunities and risks, strengths and weaknesses, monitoring the expectations of partners and customers, and the mechanism of work at the level of individuals and the organization in general, all of which are the foundations on which each strategic plan is based.
In light of all this, all other plans that include marketing, administrative, technical, financial, and other plans are based, and every plan contains details that should be determined and implemented.
Specialists: Lack of experience hinders the purchase of the real estate product
01/09/2020
During a meeting organized by the Asharqia Chamber
Specialists: Lack of experience hinders the purchase of the real estate product
Specialists emphasized the importance of examining real estate products technically, especially residential ones, before the purchase process, noting that this guarantees the rights of the buyer if he wishes to buy the real estate product, as it puts it on the right path when making his decision.
An Engineer Ali bin Abdullah Al Mohsen, founder, and CEO of the "Ayen" platform for checking and inspecting real estate said during a meeting organized by the Asharqia Chamber represented by the Contracting Committee as part of a series of introducing platforms and applications in supporting the contracting sector on Monday evening August 31, 2020, that we are in the "Ayen" platform that takes into account - according to reports. Ministry of Housing - that nearly 90 percent of real estate products cannot prove their quality, so we on the platform aim to inspect the property and issue technical reports written by examiners of the specialization that are easy to read and the information of the applicant can understand.
Al Mohsen explained during the meeting in which the member of the Board of Directors of the Asharqia Chamber and Chairman of the Contracting Committee Hamad bin Hammoud Al-Hammad, and the management of a member of the Contracting Committee, Engineer Ali bin Abdullah Al-Mutawa, explained that the Ayen platform mainly targets the buyers of the property and also provides its services to the establishments, pointing out that the platform works on 3 tracks, as it provides the service in its first track through an independent examiner who is a Saudi national, and in the second track it works through entities and companies working within its team of Saudi and non-Saudi examiners, and the last through companies specialized in testing such as dust testing and others.
Al Mohsen stated that clients face a great challenge, especially in the contracting sector, which is the lack of experience in this sector and its products, and it is necessary for there to be help from experienced specialists who have the tools to provide them with sound and correct information so that they can make the appropriate decision when buying a property or not.
For this part, Eng. Hamad bin Abdulaziz Al-Husseini, founder of the architect platform, stressed during the meeting that was transmitted through the zoom program that the contracting sector is a huge sector that includes many different companies, and it may be the most prominent sector, and it provides its services to many beneficiaries, whether they are individuals, companies or organizations.
Al-Husseini pointed out that this leads us to an important question, which is why we do not have an information base that enables us to reach these companies and link them to potential clients seeking various services in the contracting sector through an electronic platform, especially companies with the high evaluation so that the customer is not confused about it and can deal With those trusted companies.
We in the architect platform offer this service and connect the customer with companies operating in the sector so that he can deal with them in any service he wants, whether related to construction or maintenance, etc. Appropriately, a matter that goes towards the development of the contracting sector and the sectors involved with it.
"Family" bulletin: The Coronavirus pandemic is a new challenge facing family businesses
31/08/2020
Asharqia Chamber publishes the 32nd issue of the bulletin
"Family" bulletin: The Coronavirus pandemic is a new challenge facing family businesses
The Asharqia Chamber's website has recently issued the thirty-second issue of the “Family” bulletin, which the chamber launches periodically, represented by the Media Department, in order to shed light on the family business sector at home and abroad.
The bulletin dealt with a range of issues related to governance and the transformation of family businesses into a shareholding, by shedding light on the family business at home and abroad.
The bulletin referred to the factors that can be used to strengthen family businesses in the face of risks. In recent times, the types of risks and crises that family businesses are exposed to, whether internal or external, have varied, and they have become unusual or usual, from crises related to succession and succession, strategic planning, pursuing rapid technological developments in the world, and other natural risks, such as those caused by the Corona pandemic It is also caused by the fluctuations and fluctuations of the global economy from time to time.
The new issue contained a set of diverse topics on family businesses and ways to preserve their sustainability, by presenting realistic experiences of family companies that were able to preserve the sustainability of their business across generations, such as the experience of the Wadi Group, a Lebanese company that works in the agricultural business industry, and has a heritage and experience. Great, which allowed it to expand throughout the Middle East and North Africa region, and the group had brought about a positive change in the business in which it operates, by relying on a set of values, on the basis of which it is based, such as change, leadership, pursuing growth, learning, and the constant pursuit of excellence and integrity through transparent communication. And build trust in an ethical way.
The pages of the newsletter included exclusive coverage of the meeting organized by the Asharqia Chamber, via video call, in late June 2020 AD, with the Chairman of the Board of Directors of the Tamimi Group of Companies, Tariq Bin Ali Al-Tamimi, who stressed the importance of attracting family businesses that reach the third generation to other partners. Or entering the stock market, as well as diversity in activities, increased interest in the human element, and the tendency to volunteer work, and indicated that administrative success lies in the ability to deepen employee loyalty to the facility, and commercial franchise brings added value if the agent is the actual manager of the project.
The bulletin contained coverage of the most prominent events and events related to governance procedures and family business interactions, by highlighting several reports on family businesses, and the best ways to safely cross them from the Corona pandemic crisis.
Business Counselor: 88% of business owners do not care about the opinions of all their clients and this weakens their presence among competitors
30/08/2020
During a remote meeting organized by the Asharqia Chamber
Business Counselor: 88% of business owners do not care about the opinions of all their clients and this weakens their presence among competitors
A Business consultant Fatma Julaidan stressed the need for the business owner to pay attention to modern digital marketing and to follow up on all developments in order to achieve the greatest benefit in promoting his products and services to the target groups he identifies, and this is what he cannot achieve in traditional marketing.
Julaidan said during a remote meeting organized by the Asharqia Chamber represented by the Business Women Center in cooperation with the Intelligence Center for Data Science and Artificial Intelligence, one of the initiatives of the Small and Medium Enterprises Public Authority, Sunday August 30, 2020 entitled “Traditional Marketing and Digital Marketing to Achieve the Physical Objectives of the Business” that digital marketing has reached the highest Its limits during the hiatus due to the Corona pandemic, as it was a great opportunity for business owners to market their products and create a new mechanism to gain customers, indicating that this large amount of marketing during the pandemic caused the recipient's satisfaction, which caused the development of the marketing industry so that advertisements spread in a different way, from In terms of advertising design, the mechanism for choosing the time and the target group, and being keen on creating useful marketing content for the customer.
Julaidan attributed the reason for the success of most of the business is the interest in digital marketing through its various means and at the forefront of which comes the design of a professional electronic interface that provides information about the product and means of communication and accommodates the movement of requests and reservations as well as paying the value of products, noting that this achieves various gains, including identifying competitors and their mechanism of work. And the quality of their products that must be viewed and through which the services provided to its customers is improved according to their desires and aspirations.
Julaidan explained that digital marketing involves dealing with professional programs that clarify the type of customers, their ages and interests, and also how the customer reached it, and how they heard about the product, and these are important matters for the business owner and it should not neglect them, and she said that there are professional pages that provide this information and must be viewed in full until It achieves the maximum benefit for the business owner, pointing to a statistic indicating that 88 percent of people see results in only the first three pages of search engine results, which weakens the employer's presence among competitors and reduces the possibility of being chosen by his customers and interacting with him.
Julaidan indicated that the diversity of the methods used in the content and other strategies stimulate the search engine and puts you in a better position in it and gives you a greater presence. Market or increasing customers and followers, or absorbing the brand and spreading it.
She pointed out that the quality of the content is the most important part of all marketing campaigns and strategies, noting the need to provide useful content to customers that help them solve their problems, as the content is the main key to attracting customers and increasing internal movement within the site.
"Human Resources and Social Development" provides an opportunity "settlement for resettlement"
30/08/2020
In a direct meeting organized by the Asharqia Chamber
"Human Resources and Social Development" provides an opportunity "settlement for resettlement"
The "Definition and Explanation of the Mechanism for Localizing Sales Outlets" organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center Thursday (27 / August / 2020) confirmed that the process of resettlement and Saudization in these outlets is carried out in a scientific way, taking into account the availability of the national element in the process, and the status of establishments and their ability to replacement.
The participants in the meeting, which took place through direct transmission, noted with the participation of representatives of the Ministry of Human Resources and Social Development, moderated by the Chairman of the Commercial Committee in the Asharqia Chamber, Hani Al-Afaliq - they noted that the resettlement decisions taken by the ministry were carried out according to studies that took into account the public interests, and coordination was made with various bodies, so that Many opportunities, and new mechanisms for settlement, such as settlement in exchange for settlement and so on.
In this regard, Assistant Director of the Objections Center at the Ministry, Hammoud Al-Dhiab, explained that the opportunity is open for owners of establishments targeted for settlement to object to any violation issued against them, as this violation may be canceled or reduced in return for resettling one or more Saudi workers, according to mechanisms and a certain time.
Accordingly, Al-Dheyab added that the objection can take place within thirty days of the violation and takes place through the electronic services portal and that the opportunity for settlement for resettlement is available with conditions and controls, the most prominent of which is that an administrative decision has been issued to impose one of the penalties stipulated in the schedule of violations and that it is not This decision has already been challenged before the competent court.
He stated that one of the conditions for the settlement request is that the facility employs a full-time Saudi worker for each violation with a salary of no less than 4000 riyals per month after the date of infliction of the penalty and his registration with the Social Insurance, and that the violation, subject of the settlement, has been corrected, and the status of the establishment is corrected, and that the scope of the establishment is green and higher. And that the fine has not been paid.
Al-Dhiab added that the process of "settlement for resettlement" is carried out according to a specific mechanism, including that the submission takes place within 90 days from the date the violator is informed of the administrative decision regarding the infliction of the penalty, as the value of the violation is reduced and does not exceed 70% of the value of the violation in exchange for employing one Saudi worker for each violation, the establishment requesting the settlement is obligated to implement the settlement within 60 days from the date of its approval, otherwise, it is considered canceled, noting that in the event that the working relationship is terminated by the worker before the end of the agreement period, the violator is obligated to provide a replacement worker within thirty days from the date of the worker leaving work. Continuous from the date the substitute worker commences his work, and in the event of dismissal of the worker subject to the settlement without a legitimate reason during the term of the agreement or breach of its terms, then it is considered canceled and the value of the violation recorded in accordance with the administrative decision regarding the infliction of the penalty, taking into account the provisions of the work system, and when a decision is issued to reject the settlement request, the establishment is not entitled Objection to the administrative decision to impose punishment at the Ministry.
As for the director of commercial sector localization at the ministry, Abdul-Salam Al-Tuwaijri, he emphasized that the ministry is open to all proposals and looks forward to the cooperation of the private sector in this regard, and its main goal is settlement first so that no harm occurs to the facilities when we see that the Saudi worker is available, And he can replace the expatriate, so we support this presence, with sound scientific methods.
He stated that it is well established that most Saudis are in the age of twenty and thirty, and most of them hold high school diplomas, diplomas, and bachelors degrees, meaning that most of them do not have a previous work history, so we seek to monitor suitable jobs for them, knowing that such jobs do not constitute the greatest majority of what is presented In the market now, but the matter in the retail market looks a bit different as it is a large sector and its functions do not require long experience, so we see it feasible to be localized in many activities in this sector. Noting that in a sector such as the vegetable and fruit sector, the rate of Emiratisation at one point reached 100% according to an official decision, but the Ministry decided to legalize the decision and reduce the percentage to 70% according to the data of this sector.
He stressed that all the Saudisation decisions came according to studies, workshops, and coordination with all the bodies concerned with human resources such as the Human Resources Development Fund (Hadaf) and the Saudi Authority for Small and Medium Enterprises, and 12 activities have already been localized, and the Saudisation steps are in place, and the institutions included in the decisions are binding Localization.
As for the director of central support in the ministry, Khaled Al-Tafil, he talked about the issue of monitoring and following up the process of resettlement in the targeted sectors, and said that it is done gradually, and does not aim to inflict punishment before awareness and guidance, as much as it seeks to ensure that the Saudis are properly present in their worksites, and the extent of the establishments' commitment to that.
He pointed out that the inspectors have a list of procedures to verify the existence and monitoring of violations and to reach the fact that the Saudi worker enjoys all of his rights, and that the establishments adhere to the principle of Emiratisation, and they always seek to correct more than monitoring errors and violations, so we warn first and then follow-up, and in the event of non-compliance, it is inflicted the punishment.
Asharqia Chamber and intelligence Center organize a remote meeting entitled "Traditional Marketing and Digital Marketing to Achieve the financial Objectives of the Facility"
27/08/2020
Asharqia Chamber and intelligence Center organize a remote meeting entitled "Traditional Marketing and Digital Marketing to Achieve the material Objectives of the Facility"
Asharqia Chamber, represented by the Business Women Center, in cooperation with the Intelligence Center for Data Science and Artificial Intelligence, one of the initiatives of the General Authority for Small and Medium Enterprises, is organizing a remote meeting entitled "Traditional Marketing and Digital Marketing to Achieve the material Objectives of the Business".
He speaks at the meeting, which will be held Monday, August 30, 2020, through the zoom, Fatma Julaidan -A business consultant program, which deals with important aspects in this field, including the difference between traditional and digital marketing, and how digital marketing achieves material goals higher than traditional marketing, and how the facility has a digital presence.
During the meeting, which will be held at 12 noon, Julaidan will review the details of the marketing campaigns and how to prepare them based on the objectives of the establishments in the various sectors, in addition to analyzing the establishment data through social media.
Asharqia Chamber and "Monsha'at" organize a remote workshop to discuss "financing solutions for small and medium enterprises"
27/08/2020
Asharqia Chamber and "Monsha'at" organize a remote workshop to discuss "financing solutions for small and medium enterprises"
Asharqia Chamber represented by the Financial Committee, in cooperation with the General Authority for Small and Medium Enterprises, is organizing a remote workshop entitled "Financing Solutions for Small and Medium Enterprises".
The meeting, which will be held on Wednesday, September 2, 2020, at 8.30 pm, and the Director of Credit Finance Solutions Department, Badr bin Misfer Al-Radhan, will discuss the most important financing solutions that help the small and medium-sized enterprises sector to continue its work and rise amid the economic crises taking place in the world.
The meeting, moderated by a member of the Finance Committee, Abdullah bin Khalaf Al-Youssef, through the zoom program, also talks about the importance of benefiting from the programs and initiatives that the authority provides to the sector, and the mechanism for obtaining appropriate financing to ensure the continuity of the work of the companies affiliated with the sector develops its mechanisms and services and improves its performance at the long-term level.
The Prince of the Eastern Province sponsors the "Environment Forum 2020 ... Towards a healthy and sustainable environment"
27/08/2020
Organized by the Asharqia Chamber next month
The Prince of the Eastern Province sponsors the "Environment Forum 2020 ... Towards a healthy and sustainable environment"
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, The Prince of the Eastern Province, sponsors the "Environment Forum 2020 ... Towards a sustainable healthy environment", which is organized by the Asharqia Chamber (via video call) on Monday 28 / September / 2020 corresponding to 11 / Safar / 1442 at half-past ten in the morning.
The Chairman of the Chamber's Board of Directors, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, said that His Highness’s sponsorship of this event - and other events - confirms the extent of His Highness’s keenness on everything that matters to the country and the citizen, and his follow-up of the activities carried out by the private sector.
Al-Khalidi clarified that the forum will witness the participation of a number of experts and specialists in environmental, desertification, and wildlife issues, including official government officials concerned with this matter.
For this part, The Chairman of the Environment Committee of the Asharqia Chamber, Talal bin Sultan Al-Rasheed, said that the forum will address two important axes, the first axis related to the role of regulations and legislation in environmental sustainability, while the second axis deals with the issue of desertification and ways to combat it, and the promotion of wildlife and its impact on the issue of preserving the environment.
The first aspect, and in the first session, the forum - according to al-Rasheed - deals with several topics in the first session entitled (The role of regulations and legislation in environmental sustainability), including environmental legislation and its impact on environmental sustainability, environmental agreements at the international level, the reality and prospects of environmental systems in the Kingdom The development of environmental systems in the Kingdom, the impact of the application of environmental regulations on the private sector, the impact of the Corona crisis on the environmental sector.
As for the second session, the forum deals with the National Strategy for the Environment, the National Center for Plant Cover Development and Combating Desertification, the role of the National Center for Wildlife Development, the issue of desertification, its concept, manifestations, mechanisms to deal with it, ways to combat it, and the international experience in that, while also touching on the Kingdom's experience in developing human life.
Asharqia Chamber reviews remotely "the role of platforms and applications in supporting the contracting sector"
27/08/2020
Asharqia Chamber reviews remotely "the role of platforms and applications in supporting the contracting sector"
Asharqia Chamber represented by the Contracting Committee, as part of a series of meetings introducing platforms and applications, organizes a remote meeting entitled "The role of platforms and applications in supporting the contracting sector."
The meeting, which will be held Monday, August 31, 2020, at 8.30 pm, will host the founder and CEO of the "Ayen" platform for checking and inspecting real estate, Engineer Ali bin Abdullah Al Mohsen, and Engineer Hamad bin Abdulaziz Al Hussaini, founder of the architect platform, several themes talking about the mechanism of work in the platforms and their goals aimed at supporting The contracting sector by disseminating correct information and establishing important principles in this vital sector.
In the meeting moderated by Engineer Ali bin Abdullah Al-Mutawa, a member of the Contracting Committee of the Chamber, through the zoom program, the specialists will also discuss how the sector benefits from platforms and applications, whether in marketing or benefiting from various services that are easy for the beneficiary to access, in addition to supporting the sector by continuing to work on it and develop its services.
Eng. Al-Salem: A continuous support for women's investments in the industrial sector
27/08/2020
The Director-General (Modon) in a direct meeting organized by the Asharqia Chamber
Eng. Al-Salem: A continuous support for women's investments in the industrial sector
The Director-General of the Saudi Authority for Industrial Estates and Technology Zones (MODON), Eng. Khalid bin Muhammad Al-Salem explained that women's industrial investments are still limited, as they do not exceed 1% of the total investments in this sector, despite continuous official support, as well as promising opportunities.
Al-Salem said that since the inauguration of its new identity aimed at empowering industry and raising the level of its giving, the authority has paid great attention to women's investments, as it has sought as much effort as the industrial sector to attract women's work first, and secondly to industrial female investments.
Al-Salem, in a direct meeting organized by the Executive Council of Businesswomen in the Asharqia Chamber on Wednesday 26 / August / 2020, said that this goal, which was a preoccupation for the authority and its workers, faced a number of challenges. The challenge has greatly diminished due to the official decision that allows women to drive, so women are able to go to the industrial cities with their cars.
The second challenge, according to Al-Salem, is the availability of nurseries for children, given that many Saudi families cannot provide an incubator for their children, so they need this service in industrial cities. Modon has started working on this path, and nursery projects for children have started in industrial cities.
Regarding the third challenge, Al-Salem said during the meeting moderated by the Chairman of the Executive Council of Business Women in the Asharqia Chamber, Maram Al-Jishi, that the work environment in the factories was the focus of observation, which prompted the Authority to hold a number of memoranda of understanding and agreements to regulate the work environment, and there is no doubt that the efforts of the Ministry of Human Resources contributed to mitigating this The challenge, and helped increase the presence of women in the factories, as the number of women working in the national factories reached about 17 thousand last year, of which only 1750 were in the eastern region, and this percentage is generally small, noting that many industrial activities are promising and women can He excelled in it - even more than men - such as the food and medical industries, and we have witnessed many attempts by women to enter the midst of industrial investment, work in factories, and we look forward to a number of other commercial activities that are set up in industrial cities that are owned or employed by women.
And with the presence of women’s investment in the industrial sector - but it is still weak, and the reason for that - according to the Director-General of the Saudi Organization for Industrial Estates and Technology Zones - is the prevailing impression that industrial investment needs high-net-worth adults who endure all the vibrations facing the markets, and have technical distinguished expertise.
Despite these difficulties and that reality, but there is a positive growth in the industrial investment movement in general and female investment in particular, evidenced by the fact that many women follow up, inquire about opportunities and search for them .. explaining that despite the Corona pandemic, there is a positive growth witnessed by the national industry, so the demands are continuous and some Factories are doing better despite the pandemic.
Accordingly, Al-Salem calls on businesswomen to go to promising areas and monitor areas where there is a severe shortage in the national product and cites many examples such as transformative agricultural products as products that depend on olives and the like, and cosmetic products, which the Saudi market is the largest importer. It has a place in the world, while the field is open for joint investment with the producing countries in this regard and the launch of industrial projects like this. The field is also open for commercial projects to be set up in industrial cities, and the authority is heading to prepare industrial cities for such projects.
In this regard, Al-Salem asked: Where do women work in the sectors of gold and ceramics and create drawings and designs that are for the sake of areas that attract women's capabilities and in which creativity and investment can be made?
In this regard, he praised the efforts of the incubators, especially the Prince Sultan Incubator in the First Industrial City in Dammam, and pointed out that the local markets at present are dealing with the local product in a manner more supported by the Local Content Authority.
Al-Salem pointed out that the call is open for women's investments, and official support is based on various levels, including financing. We all know the efforts of the Industrial Development Fund, the Social Development Bank, as well as commercial banks, as well as large companies. The Commission has made agreements in this regard to support the issue of financing, all of which are incentive packages. For investors and female investors
Al-Salem welcomed an idea put forward by the Chairman of the Executive Council of Businesswomen in the Asharqia Chamber, Maram Al-Jishi, about setting up a platform to display all investment opportunities and cooperate in this with the Saudi Chambers, specifically the Asharqia Chamber .. stressing that marketing is the most prominent challenge for Saudi industries in general, but with the presence of several areas of domestic marketing and export. External, specific solutions can be reached in this aspect.
"NUPCO": This year will witness a new evaluation system and the approved products from the Food and Drug Administration that are technically acceptable to us.
25/08/2020
During a remote meeting in the Asharqia Chamber
"NUPCO": This year will witness a new evaluation system and the approved products from the Food and Drug Administration that are technically acceptable to us.
Fahad Mohammed Al-Shibl, the executive director of the National Company for the Unified Purchase of Medicines, Devices and Medical Supplies «NUPCO» confirmed that the company is about to launch a new evaluation system by the end of this year and that the products approved by the Food and Drug Authority are technically accepted by the company, registered and available for purchase, pointing out that The main objective for which «NUPCO» was launched is to provide high quality and low-cost medicines and medical supplies, and that the company is now in the process of expanding the unified procurement process, and implementing contract and competition management with suppliers directly.
This came during the meeting held on Monday, August 24, 2020, the Asharqia Chamber, represented by the Health Committee, headed by Saud bin Muhammad Al-Thumairi, and in the presence of the Executive Vice President for Unified Procurement, Fahd bin Muhammad Al-Buthe, and shed light on the most prominent activities of the company and its future initiatives, and its mechanisms for offering competitions, and discussing opportunities for The company provides it to small and medium enterprises.
Fahad Al-Shibl said that the company, through establishing an advanced system that manages the unified procurement of medicines, devices, and medical supplies, has succeeded in enabling local content in the health sector procurement and helped provide all the needs of health authorities and equip hospitals to serve citizens in a number of regions of the Kingdom and that it was able to prove its ability on organizing unified procurement processes and managing competitions, explaining that the company is based on implementing standardized procurement processes on infrastructure with modern technologies that keep pace with digital transformation, referring to the initiative of the unified electronic guide for medical items, which has become an approved reference for prices locally and internationally, linking supply contracts with operational consumers.
Al-Shibl explained that, through an integrated electronic system, the company has achieved the maximum operational and financial performance, including supplier registration, competition processes, receipt of bids and contract management.
Al-Shibl emphasized Nubco’s continuity in offering innovative programs such as the (My Prescription) platform, which currently cooperates with more than 1,865 commercial pharmacies and provided 3 million electronic prescriptions from 29 hospitals and 852 primary health care centers, pointing to a service that provides technology solutions in the field of drug dispensing. In a way that enhances our effective role with our partners in the health field, and that it came in line with the 2030 vision, under the auspices of the Ministry of Health and with the participation of private sector pharmacies and drug suppliers, indicating that it is one of the initiatives that aims to raise the level of health services, and to achieve a qualitative leap in the beneficiary's experience of sectors services Government Health Ministry, as it allows him to dispense medicine from the pharmacy closest to him and at the time convenient for him, free of charge.
Al-Shibl indicated that (My Prescription) provides many advantages, such as the possibility of dispensing medicines from different locations geographically in the Kingdom, and that it avoids medical errors that result from handwriting, as well as automatic verification of drug conflicts and sensitive medicines to the beneficiary, and it also provides the option of re-dispensing for patients with chronic diseases and provides alerts Via text messages of the status of the electronic prescription in addition to the feature to view previous prescriptions and doctor's instructions at any time.
Asharqia Chamber and "MODON" are organizing a meeting that discusses financing solutions to enable women’s investment in the industrial sector
25/08/2020
Asharqia Chamber and "MODON" are organizing a meeting that discusses financing solutions to enable women’s investment in the industrial sector
Asharqia Chamber, represented by the Executive Council for Business Women, in cooperation with the Saudi Authority for Industrial Estates and Technology Zones, "MODON", is organizing today, Wednesday, August 26, 2020, a meeting reviewing the empowerment of women’s investment in the industrial sector.
The remote meeting will be hosted by Eng. Khaled Al Salem, Director General of the Saudi Authority for Industrial Estates and Technology Zones (MODON), where he discusses several aspects, most notably the participation of women in the industrial sector, and the activities appropriate for women's work, in addition to telling some success stories in this field. The meeting is also moderated by Maram. Al-Jishi, President of the Executive Council for Business Women.
The meeting, which is held through the zoom program at 12:30 pm, will discuss financing solutions for industrial projects, and the participants in the meeting will provide an overview of women's industrial oases and incubators.
Two specialists: The feasibility study is an important step to spare projects the risk of falling
24/08/2020
In a meeting organized by the Asharqia Chamber
Two specialists: The feasibility study is an important step to spare projects the risk of falling
A certified consultant and trainer for entrepreneurship, a member of the American Association of Certified Consultants (AASBC), Bandar Al-Junaidi, and a trainer in the field of projects, Manal Al-Shammari, stressed the importance of studying the economic feasibility of projects, in order to spare business owners many of the obstacles and problems facing them, and lead to the risk of falling.
This came during a training program held on Sunday (23 / August / 2020), as part of the entrepreneurship series organized by the Asharqia Chamber entitled (Converting a business model into a business plan). Or abstaining from it, and both decisions can only be resorted to according to practical scientific foundations, to be achieved by the feasibility study, according to which the project's obstacles are determined and how they are avoided or resolved.
The two speakers pointed out that the feasibility study represents a business plan (or road map) that clarifies all concepts related to the project and summarizes all its details and objectives, and this makes the feasibility study a way to convert theories into actionable action plans.
During the meeting, the sources of the resources needed by the project owner (financial resources - human - devices - technical - and others) were identified, and the elements of the work plan were also discussed, including (executive summary of the project, products and services, market analysis, strategy and implementation summary, and the administrative team) The financial plan), as the two experts emphasized the importance of each component and its overlap with the other, and its contribution to the success of the feasibility study, and hence the success of the implementation plan.
"Our factories are in the hands of our sons" in a workshop in the Asharqia Chamber, calling for the Saudization of middle management in the industrial sector
21/08/2020
"Our factories are in the hands of our sons" in a workshop in the Asharqia Chamber, calling for the Saudization of middle management in the industrial sector
Asharqia Chamber, Thursday, August 20, 2020, represented by the Industry and Energy Committee, held a workshop entitled (Our factories are in the hands of our sons), presented by a member of the Board of Directors and Chairman of the Chamber's Industry and Energy Committee, Ibrahim bin Muhammad Al Al-Sheikh, who praised the great priority given by the state to industrialization, with the choice it represents Strategic to achieve sustainable economic growth, pointing out that it is a sector with great capabilities in promoting economic growth, and that carries more investment and employment opportunities in front of the national workforce and is characterized by its connection and overlap with many other economic activities.
Al-Sheikh said that the workshop was aimed at improving the business environment in factories and discussing the mechanisms of benefiting from the many and varied programs and initiatives that the state provided to the industrial sector, as well as learning about the experiences of factory owners regarding and the results of improving their business environment, their application of automation steps, and their interest in training and qualification on their business paths.
The workshop reached the importance of benefiting from the Tamheer program for on-the-job training of workers to enable young people to acquire the expertise and skills needed to prepare them and prepare them in the industrial sector, and that improving the work environment in factories is an attractive factor for Saudi workers to work in the industrial sector, and that improving the environment takes into account housing by being soon one of the industrial cities, and the psychological factor that plays a major role in motivating the Saudi worker to continue, in addition to applying the Saudization of the middle management, with what it represents of an important factor for the preservation of national employment, and that automation comes as the next stage for modern technology, as it is of great cost and its existence before the application of technology It may lead to liquidity in production, so automation will gradually and as a next stage catch up and support technology.
Environment: A call for investment in the hunting sector and the improvement of marine products and parallel industries
20/08/2020
During a remote meeting organized by the Asharqia Chamber
Environment: A call for investment in the hunting sector and the improvement of marine products and parallel industries
An engineer Amer bin Ali Al-Mutairi, The Director-General of the Ministry of Environment, Water and Agriculture Branch in the Eastern Region called on the business sector to invest in the fishing sector through improving marine products such as storage and preservation, as well as parallel industries for this vital sector.
Al-Mutairi said during a remote meeting organized by the Asharqia Chamber represented by the Agriculture and Food Committee on Wednesday 19 August 2020 entitled “Initiatives of the Ministry of Environment, Water and Agriculture Branch in the Eastern Region in light of the Corona pandemic,” and moderated by the Chairman of the Committee, Muhammad bin Nasser Al Dayal, that the hunting sector requires attention from investing in it while It is concerned with the maintenance and other industries that contribute to working on product availability and price stability.
Al-Mutairi explained that the branch is working on a general and comprehensive plan for afforestation in the Eastern region that requires the participation of all parties, sectors, and individuals to achieve the great goal that aims to plant 25 million trees from the current year 2020 until the end of the year 2024, pointing to a number of new projects coming to the Ministry, the business sector will have a prominent role in it.
Al-Mutairi indicated that the branch came out with a unique experience through the Corona pandemic, as this pandemic gave great lessons for dealing with problems and disasters, saying that the challenges that the branch faced were the same as other government institutions and the private sector, but the most prominent challenges were in the technical aspects and how to deal with After addressing the problems of farmers and livestock breeders, as well as maintaining supply chains and providing food baskets so that society and its members are not harmed, and the solutions were in concert with all sectors, ministries and agencies, as we were able to issue all necessary permits to all farmers, producers and livestock and poultry breeders in order to maintain supply.
Al-Mutairi said: It is not a secret for everyone that the branch faced another problem besides the Corona pandemic, which is the invasion of the swarms of locusts that spread in the Eastern region. And the participation of the people of the country to eliminate that problem.
On the port of Dammam city, Al-Mutairi clarified that there is coordination with the Eastern Region Development Authority on this issue through the site and the vision of the project that will be established on it so that there is participation through the authority to develop the project.
Al-Mutairi stated that the ministry’s branch is working on projects aimed at improving and developing the sites received by the ministry through a vision to provide improvements according to the available capabilities, indicating the branch’s willingness to cooperate with investors to enable them to take advantage of the investment opportunities offered by the ministry.
Saudi Electricity Company: The current year saw the adoption of 37 billion riyals for the company's projects
20/08/2020
During a virtual meeting at the Asharqia Chamber
Saudi Electricity Company: The current year saw the adoption of 37 billion riyals for the company's projects
Officials of the Saudi Electricity Company said that the company approved about 37 billion riyals for its projects during the current year and that despite the Corona pandemic, its services have been connected to about 200,000 subscribers since the beginning of the year, and thus the company's subscribers exceeded 9 million subscribers.
This came during the meeting held by the Asharqia Chamber, represented by the Contracting Committee, and as part of its series of meetings for strategic partnerships with major national companies, on Tuesday 18 August 2020, and it was attended by the Saudi Electricity Company by Eng. Mahdi Al-Dossary, CEO of the Projects Development Company of the Saudi Company Electricity, and the engineer, Abdullah Al-Mady, Executive Vice President for Services and Contracts Activities at the Saudi Electricity Company, and the meeting was moderated by a member of the Chamber’s Board of Directors and Chairman of the Contracting Committee, Hamad bin Hammoud Al-Hammad, who praised the measures taken by the government and the initiatives it implemented to confront the repercussions of the pandemic and mitigate the effects The financial and economic consequences of its repercussions on citizens and private sector establishments, and he said that despite the difficult challenges imposed by this pandemic in front of the whole world, what the state has adopted and what it has followed in managing this crisis in terms of plans and strategies led by the Maqam of the Master of the Two Holy Mosques and his faithful Crown Prince, was It has the greatest impact towards achieving success and a safe exit for the national economy from this crisis and its consequences.
Al-Hammad stressed the great role that national companies such as the Saudi Electricity Company played during the crisis, pointing out that the company presented several initiatives that supported national efforts in light of the Corona pandemic, and continued to present its projects, and that the meeting is an attempt to identify the initiatives and programs implemented by the Saudi company For electricity in light of the Corona pandemic and what it intends to launch in future projects.
For his part, Al-Dossary said that the number of the company's subscribers exceeded nine million subscribers and that during the current year and in light of the Corona crisis, the company was able to deliver its services to about 200,000 new subscribers, and pointed out that the company did not stop its work throughout the crisis period, and if it stopped for a short period it was for Reorganization in line with the precautionary measures that have been taken, and that during the year many projects were added and introduced, and the implementation of their existing projects continued.
Al-Dossary stressed that there is no non-national contractor in the projects of distributing customer services and that the number of contractors for the company exceeds 1,200, and the percentage of national contractors among them exceeds 90%. The company also supported the national contractor by including it in the list of qualifications in the specialized projects, so it merged the national contractor with international manufacturers to transfer knowledge and benefit from specialized expertise so that the role of international specialized companies is limited to supply.
For this part, Al-Dossary said that the company today is developing day after day in terms of digital transformation, starting with the installation of smart meters and soon the electronic application around these meters, and passing through the process of controlling remote networks and thus the speed of response in solving problems based on these capabilities.
With regard to the award, Al-Mady said that the company has shifted in terms of the contract award process to full automation, thus achieving transparency, pointing out that there are specific criteria in accordance with the system to determine the award of contracts, including the percentage of local content, including prices, technical qualification for contractors, and other criteria.
Al-Mady affirmed that the company supports national companies, referring to the Electricity Industries Localization Strategy (Binaa), which includes three main initiatives aimed at encouraging, supporting local industries and services, the initiative to develop policies and mechanisms to support and motivate local manufacturers and contractors, and the initiative to develop policies and mechanisms to support and stimulate small enterprises. As well as the initiative to identify localization opportunities in materials industries, where 231 contracts were signed during the year 2020 AD that contributed to the support of local content worth 2.2 billion Saudi riyals, as part of the initiatives of the Local Content Program.
With regard to contractors 'receivables, Al-Dossary emphasized that the company is well-known for its commitment to contractors, noting that the company paid until July 18, 2020, all approved and due to invoices, because it believes that paying contractors' dues is the real fuel for the contractor.
Asharqia Chamber: The new anti-concealment system supports the structural changes taking place in the national economy and provides integrated and more in-depth handling for the phenomenon
19/08/2020
Asharqia Chamber: The new anti-concealment system supports the structural changes taking place in the national economy and provides integrated and more in-depth handling for the phenomenon
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the approval of the Council of Ministers on the day before yesterday, Tuesday, August 18, 2020, under the direction of the Custodian of the Two Holy Mosques and the Crown Prince, on the new system to combat concealment, but keeps pace with the requirements of Vision 2030, and supports the state of major structural changes Which the national economy is witnessing, and it provides integrated and more in-depth treatment for the more harmful phenomenon, which has long depleted the national economy and contributes to draining its sources and eliminating them from their roots, by confronting the stages that precede them and intensifying the penalties for the perpetrators with seizure and confiscation of funds through the use of modern technologies to prove their occurrence.
Al-Khalidi stressed that concealment is an economic phenomenon that enhances the practice of illegal trade and that the new system prevents these practices and positively affects the growth of the private sector, by creating a competitive environment that attracts Saudis to encourage them to legitimately invest, develop solutions for foreigners to systematically practice business, and supports the regulation of the commercial sector And investment operations in it, and it reduces the area of harmful practices in the national economy, pointing out that the system will stimulate establishments of all kinds, and protect consumers from the negative effects that the concealment produces, as it includes a set of proactive measures to prevent its occurrence.
For this part, a member of the Board of Directors, Bandar bin Rafi Al Jabri, said that concealment is a very complex phenomenon that has spread in many sectors, especially the retail and services sectors, and that it represents one of the biggest challenges facing the growth of the national economy, and that the approval of the Council of Ministers on the new system of concealment And what is involved in inclusive solutions to the phenomenon, whether by providing protection mechanisms for whistleblowers, the participation of the relevant authorities, or tightening the restrictions on the perpetrators of the cover-up, puts a comprehensive vision to eliminate the phenomenon, which enables citizens to invest in the local market according to the principles of fair competition, and we as a business sector comment on the system the decisive provisions it contains high hopes for achieving the desired goals to eliminate this phenomenon harmful to the national economy.
Asharqia Chamber organizes a remote workshop entitled "Our factories are in the hands of our children"
18/08/2020
Asharqia Chamber organizes a remote workshop entitled "Our factories are in the hands of our children"
Asharqia Chamber, represented by the Industry and Energy Committee, is organizing, Thursday, August 20, 2020, a remote workshop entitled "Our factories are in the hands of our children."
Ibrahim bin Muhammad Al Al-Sheikh, The member of the Chamber’s Board of Directors and Chairman of the Industry and Energy Committee, will speak at the meeting, where he reviews several important axes in the industry and energy sector, most notably: the necessary procedures to work on developing the factory environment, in addition to the important steps in improving the work environment using technology in factories.
Al-Sheikh also discusses, within the workshop held at 12:30 pm through the zoom program, the importance of automating procedures in factories and digital transformation in industry paths, and supporting localization procedures, starting with the localization of technology and industry and ending with the resettlement of qualified national human cadres and specialized competencies in this field. And reduce dependence on non-specialized labor.
Housing: a partnership program that aims to activate the partnership between the Ministry and the private sector
18/08/2020
During a remote meeting organized by the Asharqia Chamber
Housing: a partnership program that aims to activate the partnership between the Ministry and the private sector
Husam Basha, The Director of Business Development at the Ministry of Real Estate Development Agency at the Ministry of Housing, said that the partnerships program, which was launched by the ministry, aims to activate the partnership between the ministry and the private sector by offering many investment opportunities to partners to find housing solutions and provide housing for all segments of society at the appropriate price and quality.
Basha explained during a workshop organized by the Asharqia Chamber represented by the Real Estate and Urban Development Committee in cooperation with the Ministry of Housing remotely Monday, August 17, 2020, entitled "Discussing partnership opportunities between the Ministry of Housing and the private real estate development sector" that brings great benefits to the ministry by making use of the expertise of developers to provide various housing offers For the beneficiaries, creating a sustainable market in the production of housing units and facilitating ownership opportunities for the beneficiaries, and balancing supply and demand for optimal management of the Ministry’s lands and private sector lands.
Regarding the benefit to the real estate developer partners, Basha said during the meeting moderated by the Chairman of the Real Estate and Urban Development Committee, Eng. Hamed Bin Hamri, that it consists in accessing an analysis of the database of beneficiaries of the Ministry of Housing, reducing investment risks, and providing the opportunity for developers to implement multiple projects at a lower cost.
With regard to the beneficiaries, the benefit to them is represented in providing various housing solutions, in addition to providing easy financing solutions, and reducing the time they take to own a housing unit.
For this part, Jamal Al-Qahtani, Director of Regional Business Development, explained that the Ministry is open to communication channels with partners, and is ready to coordinate and cooperate with those wishing to reach any data and information that serves both parties to reach a product commensurate with the aspirations and desires of the beneficiaries.
The Hospitality and Recreation Committee reviews its activities and programs for the coming period
17/08/2020
The Hospitality and Recreation Committee reviews its activities and programs for the coming period
The Hospitality and Recreation Committee of the Asharqia Chamber, during its meeting on Monday 17 August 2020, chaired by the Chamber's Vice Chairman and Chairman of the Committee, Hamad bin Muhammad Al-Buali, determined the names of its candidates in each of the National Committee for Accommodation and Food and the National Committee for Recreation and Entertainment within the national committees of the Saudi Council of Chambers.
During the meeting, the committee also reviewed the activities and programs that the committee will hold remotely during the coming period and touched on the consequences of the crisis imposed by the Corona pandemic on the sector and ways to overcome it.
For this part, Al-Buali stressed the importance of the national committees and their role in developing the sector they represent, providing solutions to the general obstacles and obstacles that encounter it, as well as proposing appropriate means to overcome challenges in a way that achieves the sector's interest and is at the same time consistent with the public interest, and said that the committee supports everything It would improve the sector, and it continues to hold its meetings to discuss ways to address the challenges that the sector faces and to work on presenting new and innovative proposals and formulas to all sector affiliates in the eastern region, to come up with good solutions that enable the sector to overcome the crisis steadily and growth.
A Specialist: marketing study is the heart of the feasibility study
16/08/2020
During a remote meeting organized by the Asharqia Chamber
A Specialist: marketing study is the heart of the feasibility study
Discussing a remote meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center, the best methods for preparing a feasibility study and the most prominent results of the study based on clear goals, during a remote meeting entitled: How to prepare a feasibility study.
During the meeting held Sunday, August 16, 2020, Nayef Al-Melhem, an executive partner at Focus Management Consulting, and the founding partner of "ValuHub" for Evaluation Services addressed a number of issues related to emerging, start-up, small and medium enterprises, which review the concept of the feasibility study, its importance, objectives, and components. And how to prepare it, and the impact of all this on the success of projects in the present and future.
Al-Mulhem said that the feasibility study is the study that determines the requirements for the implementation and operation of the project under study and determines the costs, revenues, and benefits expected from it. Feasibility study for any project means a lack of clarity of vision.
Al-Mulhem reviewed the components of the feasibility study, namely the market, the technical and engineering study, the financial feasibility, the economic feasibility, the organizational and institutional structure, the environmental analysis of the project, and the legal aspects, all of which determine the requirements and benefits of the project.
Al-Mulhem pointed out that projects start with ideas, which may be intertwined and numerous, so it happens that the owner of the project chooses a specific idea, so this idea is the beginning of the initial study of the project, then the matter requires planning, which is a feasibility study, where information about the project to be implemented is collected, and an analysis the information gathered, knowing the investment costs of the project, and the extent of the need for this project for society and the economy, and then reaching a decision regarding the continuation of the project or its dismissal.
The lecturer spoke in detail about many aspects of the market study, which is the heart of the feasibility study, citing a number of determinants required in the market study, which are: the nature of the project, the project's products or services, the target group, the size of the market and the market share, the current and independent demand and supply, and the distribution channels. , Promotion, and analysis of competitors.
Regarding the financial feasibility study, Al-Melhem explained the necessity of determining the assumptions on which the study is based, as well as determining the size of the initial investment, the size of expected revenues and operating expenses, cash flows, calculating the payback period and the net present value, and calculating the internal rate of return for the investment.
He pointed out that projects that provide products are usually easier to determine the supply and demand for projects that provide services, pointing out that the strength of the national economy plays a major role in the recovery of projects of both types, stressing the importance of taking information from official sources because it is reliable and provides the necessary information that benefits Including the investor in various fields about the market situation and target groups so that he can enrich his studies with valuable data through which he can make his decision to invest or not.
Al-Mulhem talked about technology as a necessary means when establishing projects to support the sales process by receiving requests online, indicating the need to choose the service provider by reviewing the technical file of the provider, and analyzing technology options by looking at quality, price, warranty, spare parts, technical support, and training.
Asharqia Chamber organizes a remote meeting entitled: How to prepare a feasibility study
13/08/2020
Asharqia Chamber organizes a remote meeting entitled: How to prepare a feasibility study
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, organizes a remote meeting entitled: How to prepare a feasibility study.
At the meeting, which will be held on Sunday 16 August 2020 via the zoom program at 11 am, Nayef Al Melhem, The executive partner at (Focus Management) Consulting and the founding partner of the (Valuhub) for valuation services, will talk about the most prominent axes that help entrepreneurs and entrepreneurs to launch their own commercial projects, which are often What is based on the feasibility study, as it is the most important method in studying the market and measuring the impact of new products that intend to introduce them through their new project.
During the meeting, Al-Mulhem will discuss some of the important steps followed in the feasibility study and the possibility of implementing it with high quality so that entrepreneurs and business leaders get the important information that enables them to reach their goals during the project.
Asharqia Chamber sheds light on the programs and initiatives of Saudi banks to mitigate the effects of the Corona pandemic
13/08/2020
Asharqia Chamber sheds light on the programs and initiatives of Saudi banks to mitigate the effects of the Corona pandemic
Asharqia Chamber, Wednesday, August 12, 2020, in cooperation with the Banking Information and Awareness Committee in Saudi banks, shed light on the programs and initiatives implemented by Saudi banks to mitigate the effects of the Corona pandemic, through a remote meeting moderated by the Secretary-General of the Media and Banking Awareness Committee and the spokesman for Saudi banks, Mr. Talaat Bin Zaki Hafez, and the Senior Director of Business Banking at Bank Albilad, Mr. Faisal bin Radwan Qalaji, who praised the role of small, medium and micro-enterprises in the national economy and the sustainable development process in which the Kingdom is living, stressed the importance of the capacity and readiness of commercial enterprises in general, small, medium and micro Especially in dealing with health crises, such as the emerging coronavirus pandemic crisis or other global economic crises that the world is going through from time to time, drawing attention to the need to take the necessary precautions for economic crises, and work to develop solutions of all kinds to manage liquidity and cash flows.
Al-Qalaji said that the clarity and transparency of the borrower with the financing party, whether a bank or a finance company, is of utmost importance, as it creates a state of good understanding between the parties to the relationship, and arrives with solutions satisfactory to both parties, stressing the need to benefit from government initiatives in support of the activity as initiatives of the Foundation The Saudi Arabian Monetary Agency "SAMA" and the Finance Guarantee Program for Small and Medium Enterprises "Kafalah", and the General Authority for Small and Medium Enterprises "Monsha'at".
He pointed out that the availability of audited financial statements with the customer greatly helps to deepen the relationship between the customer and the bank, and also enhances the reassurance of the bank that it always needs to see the financial statements to determine its financing options, stressing that the relationship between the bank and the customer is a strategic relationship governed by the principle of partnership and that there are responsibilities and obligations towards the two parties that support the success of the relationship, among which, for example, but not limited to, provides a high level of transparency and disclosure in the relationship.
Al-Qalaji pointed out that the most prominent initiatives to support SAMA for small, medium and micro enterprises in light of the Corona pandemic, the corporation bears fees for electronic banking services and directs banks to postpone the payment of installments due between March 14, 2020, to September 14, 2020, for a period of six months without any costs being taken into account. Or additional fees, and the initiative of the guaranteed financing program in cooperation with the "Kafala" program, which greatly enhanced the facilities' ability to overcome the crisis and gave them the opportunity to continue their work.
Regarding the programs implemented by banks to support establishments, Al-Qalaji said, there is more than one program, such as the salary financing program, which aims to support enterprises by providing credit solutions to finance the wages and salaries of workers, and the financing for points of sale program, which is a program that aims to support establishments by providing facilities Credit against the proceeds of points of sale, as well as the customs clearance and transit program, which supports companies operating in the field of customs clearance by providing a bank guarantee directed to the customs authority, and finally the Hajj and Umrah program, which supports domestic and external Umrah pilgrims campaigns by providing financing solutions in the season Hajj and Umrah.
Al-Qalaji clarified that there are a set of requirements that must be met by the establishments that take them to be well-qualified to obtain credit facilities, such as completing the required supporting documents, having the experience element in the activity to be financed, having a good credit record with "SIMAH" in addition to the good commercial reputation, Good management capacity for the activity, and availability of audited financial statements.
Asharqia Chamber offers a remote lecture to introduce the (Sobol) portal for professional guidance and education
12/08/2020
In cooperation with the Human Resources Development Fund (Hadaf)
Asharqia Chamber offers a remote lecture to introduce the (Sobol) portal for professional guidance and education
On the day before yesterday, Wednesday, August 12, 2020, the Asharqia Chamber represented by the Employment Center, in cooperation with the Human Resources Fund (Hadaf), presented a remote lecture by Professor Thani Al-Thani, the Employment Counselor at the Human Resources Fund, to young men and women from secondary or university students, job seekers or employees to introduce the (Sobol) portal for professional counseling and education and its role in how to define tendencies and choose the appropriate academic and professional specializations, which enables them to identify their personal capabilities and preferences, and to introduce them to the world of entrepreneurship and labor market developments.
This introductory lecture comes as part of a series of lectures presented by the Asharqia Chamber of Employment Center for the business community to educate about initiatives that serve the sector and to discuss directly with officials about any questions or inquiries they have.
The second said that the (Sobol) portal is an electronic platform for vocational education and guidance that provides about 31 services, and five main axes fall under it: The future and provides updated information about it, the career path axis, which reviews career paths for each profession and its requirements, the disciplines axis, which displays all disciplines and scientific fields and provides information for each specialty and field, and finally the career counseling tools axis, which provides experts in career counseling over the phone to help understand the variables and requirements of the labor market), pointing out that it is a platform upon which professional education and guidance activities are based for all target groups to help them achieve academic and professional stability and to provide valuable and interactive content and information on the labor market to help all target groups make sound decisions regarding their educational and career paths.
The second indicated that (Sobol) was launched in order to raise the level of knowledge of the self-inclinations and capabilities of the beneficiaries and link them to all specializations and professions and their paths and the needs of the labor market, and to support the beneficiaries with the skills of planning their career paths that are consistent with their personal aspirations and the needs of the labor market, as well as to contribute to raising the level of job satisfaction and stability. And improving the mental image of work culture and its importance, and building an information base to help users choose the appropriate profession, saying that (the portal is a journey that provides a set of services that every student, job seeker, or employee can benefit from in determining his career or academic path.
Asharqia Chamber and Saudi banks review eligibility requirements for financing
11/08/2020
Asharqia Chamber and Saudi banks review eligibility requirements for financing
Asharqia Chamber, in cooperation with the Committee for Information and Banking Awareness in Saudi Banks, will hold a lecture via a distance entitled: Saudi banks' programs and initiatives to mitigate the effects of the Corona pandemic.
The meeting, which will take place on Wednesday 12 August zoom, will be hosted by Faisal Qalaji.
The Chief Business Banking Manager at Bank Albilad, and it is managed by Talaat Hafez, Secretary-General of the Banking Information and Awareness Committee at Saudi banks, where he discusses banking services provided by Saudi banks to small, medium and micro-enterprises.
The meeting, which will be held from 10 am to 12 noon, will also discuss financing services for small, medium, and micro-enterprises, and the most prominent requirements to qualify for obtaining financing. It also provides an explanation of the mechanism of the secured financing program, in addition to general recommendations for small, medium, and micro enterprises to deal with economic crises.
Asharqia Chamber organizes a remote meeting on the initiatives of the Saudi Electricity Company in light of the Corona pandemic
11/08/2020
Asharqia Chamber organizes a remote meeting on the initiatives of the Saudi Electricity Company in light of the Corona pandemic
Asharqia Chamber, represented by the Contracting Committee, is organizing a remote meeting on the initiatives of the Saudi Electricity Company in light of the Corona pandemic, and the positive impact that the company has provided to the contracting sector in the Eastern Province.
The meeting, which will be held at 12:30 pm on Tuesday, August 18, 2020, will be hosted by Eng.Mahdi bin Nasser Al-Dossary, CEO of the Company's Projects Development Company, and Eng.Abdullah bin Abdul-Mohsen Al-Madhi - Executive Vice President for Services and Contracts Activities in the company, and the meeting is moderated by a member of the Chamber’s Board of Directors. And the Chairman of the Committee, Hamad bin Hammoud Al-Hammad, where the meeting talks about the most prominent initiatives that the company has provided to the contracting sector that helps it to continue to present its work at the same level in the implementation of projects and with high-level standards.
The meeting reviews the most important projects that the company is working on in the coming period and how the company has overcome the Corona crisis to achieve progress in implementing its projects and the most prominent opportunities available to the contracting sector in the coming period.
Asharqia Chamber and "MODON" are organizing a meeting reviewing women's investment in the industrial sector
11/08/2020
Asharqia Chamber and "MODON" are organizing a meeting reviewing women's investment in the industrial sector
Asharqia Chamber, represented by the Executive Council of Business Women, in cooperation with the Saudi Authority for Industrial Estates and Technology Zones "MODON", is organizing a meeting that reviews investment in the industrial sector.
The remote meeting will be hosted on Wednesday, August 26, 2020, Eng. Khaled Al Salem, Director General of the Saudi Authority for Industrial Estates and Technology Zones (MODON), where he discusses several axes, most notably the participation of women in industrial sectors, and appropriate activities for women's work, in addition to telling some success stories in this the field, and the meeting will be moderated by Maram Al-Jishi, the Chairwomen of the Executive Council for Business Women.
The meeting, which is held through the zoom program from 11 am to 1 pm, also discusses financing solutions for industrial projects, and the participants in the meeting provide an overview of industrial, oases, and women's industrial incubators.
Awqaf Committee at Asharqia Chamber holds a virtual meeting with its counterpart in the Medina Chamber
10/08/2020
Within the framework of achieving complementary steps and exchanging experiences and experiments
Awqaf Committee at Asharqia Chamber holds a virtual meeting with its counterpart in the Medina Chamber
Awqaf Committee at Asharqia Chamber recently held a virtual meeting with its counterpart in the Madinah Chamber, during which the experience of the Awqaf Committee in the Asharqia Chamber was reviewed, since its launch in 2014, and its practices followed, and the successes it achieved were reflected in the strengthening of the role of endowments as a legitimate aim aimed at Supporting the economic and developmental growth of society.
the Engineer Musa Al-Mousa, member of the committee and head of the executive team of the Asharqia Chamber Awqaf Committee, spoke during the meeting, who emphasized the importance of the meeting as it comes within the framework of complementary steps and the exchange of experiences, and best practices, in a way that enhances the role of the Awqaf sector and contributes to the development of its services, He reviewed the historical march of the committee, which is presided over by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, and indicated that the committee was able to record a growth in the number of new endowments that are conducive to the developmental and economic interest of society.
The officials exchanged in discussions committees in relation to many of the aspects that have been put forward and praised his part, an Engineer Saleh Muhaisin, The Chairman of the Committee of Religious Endowments at Medina Chamber the work which is done by the Committee of Religious Endowments in the Eastern Province, saying that (The success of the Awqaf Committee at Asharqia Chamber is conducive to all other committees In various chambers of commerce in the Kingdom, including the Medina Committee, towards continuing the march and working towards achieving distinguished achievements).
Asharqia Chamber holds a virtual meeting about the business model
10/08/2020
Asharqia Chamber holds a virtual meeting about the business model
Asharqia Chamber, represented by the Business Women Center, held a virtual meeting in the Entrepreneurial Series on the business model, with the aim of helping business owners from the Eastern region in developing plans for their projects on the ground, and in a practical way that can be understood and applied to business, and each of Mr. Bandar Al-Junaidi, a consultant and certified trainer for entrepreneurship, a member of the American Association of Certified Consultants (AASBC), and a trainer in the field of projects, Ms. Manal Al-Shammari.
During the meeting, which was held on Sunday 9 August 2020, the attendees were introduced to the business model diagram with the nine-building elements, which is one of the most recently invented business models.
Al-Junaidi said that the commercial business model aims to assist business owners in developing realistic plans for their projects, in a practical way that can be understood and applied, pointing to the simplicity of the model as it is presented in one page that provides a comprehensive view of all the tasks that it performs, and how it is done. This facilitates proper planning to start a new project or to reorganize an existing project.
Al-Junaidi stressed the importance of the business model scheme, as it is a common language between initiators, entrepreneurs, investors, advisors, and trainers, as well as specialists in financing emerging projects, which creates a healthy and beneficial discussion between the team members and those who help them in the feasibility of their project idea before actually starting to develop the product or provide a service.
He pointed out that the business model diagram is a quick tool to set up, and he was able to write many examples of your project idea, and each copy takes between 5 to 30 minutes, and enables you to check with quick looks and discuss with the team, mentor or any related person, pointing out that the elements of the scheme are interconnected. The business model makes it easy for you to talk about your model to others as if it is a story, and by planning the business model, we can easily and quickly write successful corporate business models and then explain them to others and learn from them to apply them in either upcoming or current projects.
During the meeting, Al-Junaidi reviewed all the nine building blocks of the business model diagram, starting with how to define the value proposition, customer segments, through customer relations, channels, revenue sources, key activities and resources, key companies, and ending with the cost structure component, and he also explained how to prepare the executive summary. For your business model, and give some advice on how to prepare the proposal for promoting the project to investors and financing.
Asharqia Chamber is organizing a workshop to discuss opportunities for partnership between "housing" and the private real estate development sector
09/08/2020
Asharqia Chamber is organizing a workshop to discuss opportunities for partnership between "housing" and the private real estate development sector
Asharqia Chamber represented by the Real Estate and Urban Development Committee, in cooperation with the Ministry of Housing, is organizing a remote workshop entitled "Discussing partnership opportunities between the Ministry of Housing and the private real estate development sector."
The remote meeting, which will be held Monday 17 / August / 2020, will be hosted by Husam Basha, Director of Business Development at the Ministry of Real Estate Development Agency, and Jamal Al-Qahtani, Director of District Business Development, where the meeting talks about the most prominent achievements of the sector and the investment opportunities available to the business sector.
The meeting, which is moderated by the Chairman of the Real Estate and Urban Development Committee, Eng. Hamid bin Hamri reviews the most prominent topics in the real estate sector and the importance of the partnership between the ministry and the business sector in a way that serves the ministry’s directions in developing the real estate sector.
Asharqia Chamber hosts the director of the Ministry of Environment, Water and Agriculture branch in the region
09/08/2020
Asharqia Chamber hosts the director of the Ministry of Environment, Water and Agriculture branch in the region
Asharqia Chamber, represented by the Agriculture and Food Committee, is organizing a meeting to review the initiatives of the Ministry of Environment, Water, and Agriculture branch in the Eastern Province in light of the Corona pandemic.
The meeting, which will be held on Wednesday 19 August 2020, will be hosted remotely by the Director-General of the branch, Eng. Amer bin Ali Al-Mutairi, where he will present several topics, the most prominent of which are: the latest developments regarding public benefit markets, agricultural employment, the actual needs of the beneficiaries, and the decisions to own agricultural lands.
The meeting, which is moderated by the Chairman of the Committee, Muhammad bin Nasser Al Dayal, also talks about modern sites in the Eastern Region related to the agricultural sector, fisheries, and livestock.
Asharqia Chamber continues to hold workshops remotely under the title of "Entrepreneurship series"
06/08/2020
Asharqia Chamber continues to hold workshops remotely under the title of "Entrepreneurship series"
Asharqia Chamber represented by the Center for Business Women continues to hold workshops remotely under the title of "Entrepreneurship series", discussing 5 main topics: exploring the world of entrepreneurship, the business model, transforming the model into a business plan, project presentation skills for the investor, e-commerce and digital marketing.
The workshops, which continue on different dates until the end of next September, are presented by Bandar Al-Junaidi, an accredited consultant, coach for entrepreneurship, and a member of the American Association of Certified Advisors AASBC in cooperation with Manal Al-Shammari, a coach in projects.
Within the work program for the workshops, on August 9, corresponding to the second topic (business model), important axes are discussed: What is a business, why is the business model diagram important, building the nine elements of the business model, and what is next to the business model.
The workshops are continuing. On the 23rd of August, the third topic (Converting the Model into a Business Plan) will review the difference between the business model, the feasibility study, and the work pace, along with an important overview of the business model and its forms.
On September 13, the workshops will discuss the fourth topic (Project Presentation Skills to the Investor) that presents presentation and presentation skills and formulate attractive presentation content for the entrepreneurial project, and tips that will be taken into account when working on PowerPoint, and other important before considering the proposal to the investor.
On September 27, the program concludes with the fifth topic (electronic commerce and digital marketing) through axes that talk about the concept of electronic commerce, important reasons for transforming the business into electronic commerce, the basics of electronic commerce and steps to start work, factors that help to succeed in electronic commerce, the advantages and importance of digital marketing, And digital marketing channels.
The Chamber concluded the first topic of the workshops entitled (Exploring the Entrepreneurial World), which was launched at the end of last July and discussed several axes, the most important of which are: the concept of entrepreneurship and the characteristics of a successful entrepreneur, how to invent an idea from the problem (design thinking) and establish projects in a graceful manner lean startup.
Al-Afaliq: The contracting sector is moving towards change and technological development and the elimination of cover-up
22/07/2020
The head of the Saudi Contractors Association during a remote meeting organized by the Asharqia Chamber
Al-Afaliq: The contracting sector is moving towards change and technological development and the elimination of cover-up
The Chairman of the Board of Directors of the Saudi Commission for Contractors Eng. Osama bin Hassan Al-Afaliq confirmed that the authority is working on a number of initiatives through which it seeks to continue work in organizing the sector, and develop its activity, pointing to the model contracts initiative and various professional consulting services.
Al-Afaliq said during a remote meeting organized by the Asharqia Chamber represented by the Contracting Committee on Tuesday evening, July 21, 2020, entitled "The impact of the Corona pandemic on the contracting sector", and moderated by a member of the Board of Directors of the Asharqia Chamber and Chairman of the Committee Hamad bin Hammoud Al-Hammad, that the authority is continuing to improve the work of the contracting sector in the Kingdom and the development of its tools and the mechanism of work in it, pointing out that the sector suffers from many distortions, perhaps the most prominent of which is covering up, indicating that contractors should arrange their conditions and register in the authority to take advantage of the initiatives offered by the authority, and contribute to mitigating the effects of the Corona pandemic on contractors.
Eng. Al-Afaliq also praised the urgent government initiatives launched by the government of the Custodian of the Two Holy Mosques, which targeted individuals, private sector establishments and investors, and the value of these initiatives exceeded 214 billion riyals, such as the Sama program, which amounts to 50 billion riyals, to support the private sector and specifically small and medium-sized companies that included postponing dues For 6 months and to provide soft financing to her, Sama also announced pumping 50 billion riyals to enhance the liquidity of the banking sector and enable it to finance the private sector. The Ministry of Human Resources launched several initiatives during the Corona pandemic period, during which we hope to end some requirements that directly affect the construction sector, the most important of which is the financial compensation. The contracting sector also hopes to review the process of paying the value-added on government projects, which are paid before receiving dues from the country due to its negative impact on the financial flows of contractors.
Al-Afaliq indicated that the contracting market in the Kingdom witnessed a slowdown due to both the Corona pandemic and the decrease in the price of oil, which led to a significant decline in the award of projects due to the impact on existing projects, and the impact of 2020 will be reflected on 2021/2022 with the completion of existing projects, and this is what calls the belief that new large-scale infrastructure projects are being impacted, with major impacts occurring on the construction industry, and the Corona pandemic has exacerbated many of the current organizational, financial and labor challenges for Saudi contractors, pointing to a survey conducted by the Saudi Contractors Association that covered 365 contractors in the fourth quarter of In 2019, in the organizational aspects, the sector suffers from a complicated regulatory system, the inefficiency of the rehabilitation and implementation process, the slow resolution of disputes, in addition to the ongoing organizational amendments, weak contracts and their lack of neutrality.
As for the financial aspects, they are represented by late payments, difficulty in financing from banks, weak skills in accounting and finance jobs, and the fluctuating cost of supplying materials.
On the workforce side, the contracting sector suffers from an increase in the cost of labor, a decrease in attractiveness to skilled labor, the limited interest of the local workforce in this sector, and long wait times to obtain work permits.
As for the tenders, they are represented in the difficulty of reaching tenders for the subcontractors, the unbalanced evaluation of offers, the lack of realism or clarity of requirements in the requests for proposals, in addition to submitting contractors to tenders greater than their actual capabilities.
On the technology side, the difficulties lie in the reliance of some large contractors on traditional methods, lack of awareness of the benefits of technological tools and machinery, and the low use of technological tools.
Al-Afaleq indicated that the Corona pandemic added new challenges to the contracting market in the Kingdom, where a survey conducted by the authority in the fourth quarter of 2019 obtained 609 complete answers, that the impact on cash flow was affected by 90%, and the delay or interruption of projects was affected by 86%, and interruption In the supply chain, it was affected by 70%, pointing out that 86% of employees in the sector have no plan.
Al-Afaliq continued by saying that the authority faced the effects of the pandemic by continuous communication with the sector through a special electronic platform established by it aimed at informing the contractors of the developments and modern issuances, in addition to creating a private mail that receives all the comments and complaints of contractors, and the establishment of a number of training courses that clarify the road map during the crisis, He said that the sector is moving towards development and eliminating cover-up and technological transformation and that the contracting sector employees must absorb this and quickly benefit from the authority's initiatives that will work to provide them with assistance in all disciplines.
Minister of Housing: 310 thousand families have received subsidized funding and we are continuing to pump projects in partnership with developers
22/07/2020
In a remote meeting organized by the "Asharqia Chamber"
Minister of Housing: 310 thousand families have received subsidized funding and we are continuing to pump projects in partnership with developers
His Excellency the Minister of Housing and the Minister of Municipal and Rural Designated Professor Majid bin Abdullah Al-Hogail said that the housing sector is supported and taken care of by the wise leadership in order to serve the citizens and overcome all the difficulties and overcome the challenges facing the sector, in line with the goals of the Kingdom's Vision 2030.
His Excellency added during a remote meeting organized by the Asharqia Chamber and managed by the Chairman of the Board of Directors Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, with the participation of a member of the Board of Directors and Chairman of the Contracting Committee Hamad bin Hammoud Al-Hammad and Chairman of the Real Estate and Urban Development Committee Hamid bin Hamri, that tremendous developments witnessed on the housing sector on a daily basis, as it was 245 billion riyals were pumped by funding programs in the sector, and that about 105 thousand citizens got real estate financing during the first half of this year, and 310 thousand citizens got the funding since 2017 until now.
His Excellency touched on a number of the Ministry's initiatives that have been implemented and have become part of the housing sector support, including the Saudi Real Estate Refinance Company that actually started, and the last activity of this week was the purchase of a financial portfolio from the retirement fund with 3 billion riyals, and the company continues to buy such The governor is to inject more liquidity into the sector, and we look forward to saving 20 billion in the coming years.
One of the initiatives that His Excellency has discussed is the Guarantees Company, which represents a challenge for the Ministry, which is how to guarantee borrowers and developers to facilitate the financing process.
His Excellency noted the efforts of real estate developers, stressing that the Ministry is currently dealing with 70 real estate developers, and more than 100,000 units are being implemented in a number of projects at the level of the Kingdom's regions, looking to complete from 180 to 200 thousand housing units on the lands of the Ministry and the private sector in the near future.
Stressing the support for small and medium-sized companies in the real estate development sector in enhancing support for the offer, as they are closer to the citizens and their needs, as their entry into the real estate development business achieves more diversity and creates more housing products. Pointing out that the ministry has a special program to support this type of small and medium enterprises, and this is reflected in the great interaction in the sale process on the map, as the developer is financing his projects through sales contracts, and we have seen development in this regard during the current year is better than the previous two years.
His Excellency stressed that the Ministry is proceeding with more regulations and legislation, referring to the "Landlords Union" initiative supporting residential units of joint ownership, in addition to the "sustainable building" initiative that seeks to achieve the aspirations of citizens and ensure the sustainability of construction.
He stressed the ministry’s keenness to develop all its services, to be fast, and for the citizen to get the service directly and quickly, explaining that the “residential” application and site are enjoying a high follow-up rate of 50 thousand visits per day, and we are working hard for more attention in the communication process
On the Eastern region, His Excellency said that tens of thousands of families have benefited from the various housing program options, stressing that the eastern region is the largest area in terms of area, which makes the job opportunities in it more and housing projects receiving great attention, in light of the distinction of many real estate developers in the region.
In the construction sector, he said that the Ministry believes in the introduction of modern means, which we hope will take its position in the market, especially after the application of the Saudi building code.
On the issue of developmental housing, he said that the program has provided more than 18,000 housing units so far, indicating that the program has the support and attention of the Custodian of the Two Holy Mosques and His Highness the Crown Prince - may God preserve them - as the Custodian of the Two Holy Mosques was the first donor to the platform for the existence of housing with a hundred million riyals, then His Highness The crown prince has 50 million, and the program also witnesses continuous contributions from citizens and the private sector, noting that the platform witnessed contributions that in some cases raised to the platform reached 10 thousand donors within one second.
At the end of the meeting, the head of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised all these optimistic achievements, which reflected on the private sector and moved the economic session positively, while a member of the Board of Directors and Chairman of the Contracting Committee Hamad Al-Hammad sincerely thanked and appreciated the ministry's support for the category Developers, as the housing activity represents promising opportunities for contractors.
Asharqia Chamber Employment Center support resettlement by providing job opportunities for 550 young men and women
21/07/2020
Asharqia Chamber Employment Center support resettlement by providing job opportunities for 550 young men and women
Asharqia Chamber of Employment Center contributed to providing employment opportunities with private sector institutions for more than 550 job seekers of Saudi youth from both sexes, from the beginning of January to the end of June 2020, through the center's website, and through employment meetings that the center has been establishing In coordination with private sector institutions.
A report issued by the Asharqia Chamber of Employment Center indicated that during the period from (1 / January / 2020) until the end of last June, the number of job seekers registered with the center through (the website) reached 2464 job seekers, while the number of establishments benefiting from the services of the center 50 establishments at various levels. Also during this period, 322 jobs were offered, and 550 job applicants were employed, whether on the offered jobs or on other means through companies' search in CVs.
As for the size of the achievement accomplished by the center through "recruitment meetings" that it used to establish for the benefit of companies (during the period from January 1 to June 30, 2020), it is to employ 586 job applicants, out of 965 job applicants who had applied during that The meetings on the 1074 jobs offered are in 5 general job interviews.
It is noteworthy that the Asharqia Chamber of Employment Center was established in 2006 as a specialized center that provides professional recruitment services, and meets the needs of the business sector of qualified national competencies of both sexes, using the best and latest advanced technologies in this field and in accordance with the highest levels and professional standards.
The center is the only one of its kind in the Kingdom that specializes in recruiting qualified citizens who have a secondary certificate or have a scientific degree: (diploma, bachelor, master's, doctorate) in all engineering, administrative and technical specialties that are appropriate to the requirements and needs of the business sector.
The center provides many services, in addition to the recruitment service through (electronic recruitment, employment meetings, and the annual job fair), including (consulting services) for institutions, and (career counseling) for job seekers.
Dr. Al-Jamea: Saudi technical infrastructure has proven its strength during the Corona pandemic
21/07/2020
In a remote meeting, held by the Asharqia Chamber, as part of the Women’s Program in Technology
Dr. Al-Jamea: Saudi technical infrastructure has proven its strength during the Corona pandemic
The Director-General of Communications and Information Technology Competencies Development at STC Academy, Dr. Modi Al Jamea, said that investment in cybersecurity is promising, but it faces many challenges, most notably the tendency of professionals in this regard to the job as it provides a high financial return, according to the scarcity of competencies .. Calling for an incubator to launch Specialized national companies.
In this regard, the mosque presented evidence of the strength of the Kingdom's digital infrastructure, which is its management of the G20 summit, which took place this time smoothly and remotely, and raised recommendations that have become global, which include empowering women in the technical fields, and without our sound and strong readiness we would not have managed these World Summit as it was done.
On this basis, and within the digital transformation, the Mosque reports that there are challenges that come as a result of this accelerating transformation, confirming the need to pay more attention to cybersecurity, as the Kingdom is targeted, and it has witnessed powerful attacks that have been able to repel them, indicating that some of the attacks that occur today may not be similar to a day. Tomorrow, which means that the attacking thought must be confronted and developed, as there are attacks on the world called "Corona attack", which are widespread in the world, and take some of the terminologies Corona for penetrations and its implementation, such as discovering a vaccine for the virus.
The Whole stated that electronic warfare is escalating, and we - at the present time - suffer from a shortage of specialized competencies in cybersecurity, despite the noticeable increase in the number of graduates in fields related to this matter, especially those interested in being an investor and entrepreneur, because any specialist is a target of companies the large, which attracts it with the highest salaries and the best sites, which leads to a dearth of investors who hold diplomas in this field, they work mostly as employees, and those who aspire to self-employment must make a great effort, because the cybersecurity of companies is not given to any company, but seeks some Companies rely on their own capabilities.
The Whole suggested that the partnership between cybersecurity professionals be undertaken with those who have the idea of entrepreneurship, as the technical person needs someone to motivate him to start entrepreneurship, and we must develop leadership skills among technical professionals.
She said that the support provided by some government agencies is directed to the technical field in general, but the hope is placed on the Cybersecurity Authority, as it is a legitimate and supportive body, to provide this sector with more proposals that open the horizons of work and investment in this regard ... indicating that entrepreneurship In the fields of cybersecurity there are many, and the opportunities are promising, as there are no Saudi companies specialized in this regard, and most of the companies that work are foreign, and we look forward to having a specialized incubator for entrepreneurs in cybersecurity, so the pioneering thought, if directed, will produce us successful companies in this field.
Regarding the presence of Saudi women in these fields, she said
that some think that cybersecurity is one of the tasks related to strength, so men are preferred over women, while companies attract polarizing competence, regardless of their gender, and that the presence of women in these areas needs support and trust. Some companies attract female graduates but do not place them in fields of work consistent with their specializations.
In her view of the future, it is expected that new laws will appear to support cybersecurity, and may pose a challenge for investors, but this is the right of any person to keep his information and data.
Asharqia Chamber launches a remote workshop under the title "Entrepreneurship Series"
20/07/2020
Asharqia Chamber launches a remote workshop under the title "Entrepreneurship Series"
Asharqia Chamber represented by the Center for Business Women launched remote workshops under the title "Entrepreneurship Series", discussing 5 main topics: exploring the world of entrepreneurship, the business model, transforming the model into a business plan, project presentation skills for the investor, electronic commerce and digital marketing.
The workshops, which continues on different dates until the end of next September, is presented by Bandar Al-Junaidi, an accredited advisor and coach for entrepreneurship, and a member of the American Association of Certified Advisors AASBC in cooperation with Manal Al-Shammari, trained in projects.
The first topic of the workshops (Exploring the Entrepreneurial World), which started on Sunday 20 July 2020, reviews several themes, the most important of which are: the concept of entrepreneurship and the attributes of a successful entrepreneur, how to invent an idea from the problem (design thinking) and establish projects in a graceful manner lean startup.
Within the program of work for the workshops, on the 9th of August, the second topic (the business model) is considered important topics: what is the business, why is the business model scheme important, building the elements of the nine business model, and what after the business model.
Workshops continue, on corresponding to August 23, you will review in the third topic (converting the model into an action plan) the difference between the business model and the feasibility study and the pace of work with an important summary of the business model and its forms.
On September 13, the workshops will discuss the fourth topic (Project Presentation Skills to the Investor) that presents presentation and presentation skills and formulate attractive presentation content for the entrepreneurial project, and tips that will be taken into account when working on PowerPoint, and other important before considering the proposal to the investor.
On September 27, the program concludes with the fifth topic (electronic commerce and digital marketing) through axes that talk about the concept of electronic commerce, important reasons for transforming the business into electronic commerce, the basics of electronic commerce and steps to start work, factors that help to succeed in electronic commerce, the advantages, and importance of digital marketing, and digital marketing channels.
Alsuqih: more than one billion dollars, the value of the franchise business market in the Kingdom
19/07/2020
During a remote meeting organized by the Asharqia Chamber
Alsuqih: more than one billion dollars, the value of the franchise business market in the Kingdom
A specialist in commercial franchising and the feasibility study stressed the importance of investing in this methodology, as it involves a number of benefits at the technical, strategic and financial levels, which raised its shares at the global and local levels, and what led the Social Development Bank to support this option to serve the national economy.
Abdulmalik Alsuqih said during a direct (remotely) meeting organized yesterday, Sunday (7/19/2020) by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center in cooperation with the Social Development Bank under the title "Commercial Franchise. Your Gateway to Investment" The initial definition of the term franchise is represented In the fact that a person or entity named to grant the right to a person called "the concessionaire" to do business on its own account linked to the trademark or the trade name of the concessionaire and that includes the provision of technical expertise and know-how ... explaining that this process is done according to the concession contract usually includes "location Practicing activity, operating manual, continuous training and support, contract duration and terms for renewal and cancellation, advertising and marketing, fees and payments, approved suppliers, grantor and franchisor rights, the non-competition charter ", and so on.
Accordingly, investing according to this methodology includes several benefits, including: “strategic benefits” that verify the adoption of this methodology is to focus on market and local variables, that competition is relatively less and the availability of market research tools, joining the franchisor’s network, and “operational benefits” It is represented in operating with a smaller organizational structure, providing quality control programs and their continuity, and their rise in products and services, and they represent a great opportunity for continuous improvement in performance, and "marketing benefits" that appear in dealing with a more widespread and reliable brand name, products and services that the public trusts, and plans Experienced and certified marketing. ”This is not the financial benefit that appears to be a more efficient investment, with carefully studied expenses, and a greater opportunity to increase profits and return on investment.
He mentioned that the Social Development Bank - based on all positive data - possesses a program of commercial excellence in order to support the national economy and serve the qualified people of the homeland by offering a number of investment opportunities that enjoy a high-profit rate and low-risk ratio and make them available by attracting projects that have proven successful and Agreements for granting the concession for those wishing to benefit from the bank's services, especially from the target groups of the bank's support. Stating that there are advantages to this program, including that the amount of financing amounts to four million riyals, a grace period of up to 24 months, and follow-up during the establishment and operation phases and the resolution of obstacles facing beneficiaries, while providing specialized training courses, including programs on the job with the franchising company, Organizing technical workshops in the administrative work of the beneficiaries in order to improve their work and make it more efficient and competitive, in addition to technical, financial and marketing consultations for them through specialized consultants.
He suggested that this mechanism is globally expanded, to the point that every 8 minutes a unit of commercial franchise opens in the world, and that 37% of activities related to food (catering, restaurants, cafes, etc.) around the world go according to the franchise, and there are about 785,326 units in The United States operates under the franchise system, and more than 9 million American employees are employed in franchising activities.
In this regard, he said that the value of the commercial franchise market in the Kingdom exceeds one billion dollars, with an annual growth rate of between 10-12%, to the point that more than 300 foreign companies have a commercial franchise in the local markets.
He pointed out that there are certain drawbacks that come within the methodology of investing in the concession, among which is the lack of scope for amendment and development, ongoing fees, the difficulty of leaving the contract and its consequences, and that any error in any branch can affect everyone, and that proliferation is difficult in the event of starting with one unit, as well On the monopoly of suppliers, and that the grantee does not own the project but rather is leased for the duration of the contract.
Al-Subaihi: 87,000 square meters of investment opportunities for schools in the Eastern Province
19/07/2020
Al-Subaihi: 87,000 square meters of investment opportunities for schools in the Eastern Province
Tatweer Buildings Company, a subsidiary of the Education Development Holding Company, owned by the Public Investment Fund, in cooperation with the General Administration of Education in the Eastern Region, has offered ten investment opportunities in the private education sector in the Eastern Region after it participated with the National Public Education Agency and assigned it to operate the Educational Investment Services Center in the education of private sector.
The Vice President for Investment and Asset Management at Tatweer Building Company M. Adel Al-Subaihi, during a remote meeting organized by the Asharqia Chamber represented by the Training and Education Committee on Thursday 16 July 2020, presented investment opportunities for schools in the Eastern Province with an area of 87,000 square meters, distributed over Dammam, Dhahran, Al-Ahsa and Hafr Al-Batin, pointing out that the company opened a door The competition is to invest in these opportunities on July 8th, while the competition will be closed on July 30th.
Al-Subaihi said that the company issues the immediate license, raises the requests of investors to take advantage of the facilities owned by the private sector, follows the procedures for issuing building permits, and follows up on licensing services and the final issuance.
Al-Subaihi indicated that the company increased the investment terms from 25 to 35 years, then the original returns to the ministry.
And in the eastern region, there are 246 private schools in which more than 100,000 students study, but there is a dearth of private secondary schools and schools with a global curriculum, and they are studying the preparation and development of engineering standards, private schools, special education schools, nurseries and kindergartens and are working to prepare standards for workplace schools And to be close to the work of mothers, he also said that they are studying the annual increase in rent according to the growth and growth of students in junior schools in investment to support it.
Al-Subaihi explained that an investment program represents an activation of the partnership with the private sector, as the Ministry of Education assigned the building development company the investment of assets and its subsidiaries, and the company launched an investment program through which these assets are offered to private sector investors to benefit from them, indicating that they are in a development company for buildings They target the desires - of current investors in the private education sector or who have the financial ability and do not have experience in operating schools - in the assets owned by the Ministry and in excess of its need at the present time, whether in prefabricated buildings, lands, part of the lands, or rents, after the Ministry of Affairs facilitated Village municipality obtaining permits and amending previous conditions, and what has been made during the past year in making an investment in education available to foreign investors.
He pointed out that an investment program, which provides various types of support such as facilities in the terms of rent, and lands in various areas, indicating that the target group is investors, financiers, real estate developers, private education operators, and individuals.
He noted the existence of cooperation with the "Project Fund" proposed by the state at a value of ten billion riyals and supports four main activities, including education, and two billion riyals were allocated to him, and there will be a qualitative shift in education.
Al-Subaihi mentioned that the Ministry of Municipal and Rural Affairs made changes to the requirements of private schools, including permitting the construction of a ground floor, in addition to three floors, as well as specifying a specific space for each student for each stage, in addition to removing the requirement for the distance between schools, while the previous conditions provided for permitting the construction of a floor Ground and two floors, as well as defining a specific area for each stage of schools and stipulating the distance between schools.
He noted that the requests go through several stages, including study, initial approval, offering and benefiting, accreditation, building permits, licensing, and closing, noting that the company is studying a study of investor desires, offering assets for investment and adopting architectural plans for private education buildings, as well as coordination with Relevant authorities, in addition to stopping the activity of the facility at the request of the owner.
Al-Khaldi: Al-Tuwaijri’s nomination enhances the Kingdom’s position globally and reflects its efforts to advance the World Trade Organization
16/07/2020
Al-Khaldi: Al-Tuwaijri’s nomination enhances the Kingdom’s position globally and reflects its efforts to advance the World Trade Organization
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the nomination of the Kingdom to the advisor at the Royal Court, Mohammed bin Mazyad Al-Tuwaijri, for the position of Director of the World Trade Organization, only strengthens the Kingdom’s position globally, supports its growing roles in the global economy, and reflects the Kingdom’s ongoing efforts and endeavors to advance In the World Trade Organization, in which the Kingdom led many pivotal committees, as well as its awareness of its vital role in the global economic system, especially in light of its current presidency of the Twentieth Summit.
Al-Khalidi stressed the vital role that the World Trade Organization plays towards creating a better global trading system, which can enhance open opportunities between countries of the world, push economic growth forward, and achieve sustainable development goals, noting that the Kingdom always emphasizes the importance of the organization And its active role in the global economy.
On Wednesday, July 15, 2020, the start of the process of selecting the new Director-General of the World Trade Organization from among the eight candidates from several countries was launched, succeeding the current director.
Al-Khalidi pointed out that this nomination is in line with the goals of the vision and its aspirations for the involvement of our national cadres in various international forums. Efficiently and competently, which will surely represent a significant addition to the organization, and works to address the challenges it already faces, and other emergencies brought about by the Krone pandemic that resulted in negative impacts on global trade, pointing out that the Kingdom’s global economic and political weight will be strengthened from Al-Tuwaijri’s position in winning the position.
Agricultural Development Fund allocates 2 billion riyals to support food security in the Saudi market
15/07/2020
In a virtual meeting organized by the Asharqia Chamber
Agricultural Development Fund allocates 2 billion riyals to support food security in the Saudi market
The Director of the Lending Department of the Agricultural Development Fund Branch in the Eastern Region, Engineer Abdulaziz bin Abdullah Al-Sulaiman, explained that during the Corona pandemic period, the Fund has adopted several initiatives, some of which are related to supporting the private agricultural sector, especially small and medium enterprises, and some are in direct relationship with the state’s decisions to support efforts to preserve Food security, especially at this time .. Ample funds have been allocated to support these initiatives.
Al-Sulaiman said during a direct meeting organized by the Asharqia Chamber represented by the Agricultural and Food Committee and moderated by the Chairman of the Committee, Mohammed bin Nasser Al-Dayel (Wednesday, 15 July 2020) that the first initiative is titled "Supporting Working Capital" and aims to support agricultural activities by providing direct operational loans or indirectly through commercial banks by the financing agreements in partnership with it, according to this initiative, 39 loans were disbursed with a total value of 234 million riyals out of 450 million riyals allocated for this purpose.
He mentioned that this initiative corresponds to (the second initiative), which is "the initiative to postpone installments" and debts owed to loans for projects specializing in the small and medium enterprises sector for a period of six months, and about 4398 beneficiaries benefited with a premium of 150 million riyals ... indicating that support through these two initiatives It works to help small and medium enterprises and stand with them in facing the repercussions of the crisis, and contributes to mitigating the economic and financial implications of tha t.
As for the third initiative, Al-Sulaiman said that it relates to "financing the import of agricultural products targeted at food security", which aims to contribute to supporting the continuation of food supply chains and the abundance of agricultural products, in line with government efforts to reduce the effects of the Corona pandemic, and two billion have been allocated Riyal for this initiative through a mix of direct and indirect loans, within the various financing products offered by the fund, and within the vital role of the fund at this stage. He pointed out that this initiative relates in its first phase to "rice, sugar, soybeans and yellow corn" products, and other products will be added according to the market needs and food security strategy. Under that, 4 loans worth 347 million riyals were disbursed .
Asharqia Chamber implements the "free specialized consultations" program remotely
14/07/2020
Asharqia Chamber implements the "free specialized consultations" program remotely
As part of its efforts to care for and develop small and medium enterprises, the Asharqia Chamber represented by the Small and Medium Enterprises Development Center implemented yesterday, Tuesday, July 14, 2020, a free and specialized consulting program directed to help entrepreneurs, owners of small and medium enterprises, and develop their various activities.
Within this program, the Center for Development of Small and Medium Enterprises in the Chamber held a number of consultative sessions that were done remotely and was transferred through one of the social networking programs, during which a number of specialized consultations were provided on many issues of concern to these establishments in various fields such as marketing, management, and finance.
The introduction of this program came through a number of specialists in business and areas of business development, who dealt with many formulas of the solution to a set of obstacles and challenges facing small and medium enterprises, and reviewed the implementation mechanisms to ensure the success of any facility.
It is mentioned that the program, which is one event within a group of activities implemented by the Center for Small and Medium Enterprises throughout the year, in order to put these establishments on the road to overcome obstacles, and start towards a better world, and the Chamber has been implementing it by moving between cities and governorates of the Eastern Region (Dammam, Khobar, Al-Qatif, Al-Jubail, and Al-Khafji), and a large number of business leaders have benefited from it, and contributed to diagnosing the most prominent challenges facing small and medium enterprises and formulas to solve them.
Asharqia Chamber hosts the president of Saudi Aramco to discuss the impact of the Corona pandemic on the business sector
14/07/2020
Main topics talked about by the meeting with His Excellency Eng. Amin Al-Nasser
Asharqia Chamber hosts the president of Saudi Aramco to discuss the impact of the Corona pandemic on the business sector
Asharqia Chamber organized, in cooperation with Saudi Aramco, on Monday, 13 July 2020, an extended meeting held remotely with the participation of the President of Saudi Aramco and its chief executive officer, Eng. Amin Hassan Al-Nasser, with the business sector in a dialogue moderated by the Chairman of the Asharqia Chamber in a meeting dealing with the effects of the Corona pandemic, opportunities and challenges in the energy sector the conversation also dealt with the contracting, manufacturing, supply, and purchasing sectors, as well as several major topics related to the private sector.
The Chairman of the Board of Directors of the Asharqia Chamber, Mr. Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, who directed the dialogue, stressed that the Chamber is keen to follow up everything that would develop the business environment in the Eastern region in particular, and the Kingdom in general, noting that the meeting of the Saudi Aramco president falls under the meetings Important and necessary, appreciating the interaction of Saudi Aramco with the Chamber and the business sector in general.
Al-Khalidi explained that the meeting reviewed a number of topics, including the program for the sufficiency and future of projects with national companies, Aramco's projects and its role in increasing employment opportunities and local content, initiatives and solutions that serve the contracting sector in light of the emerging Corona Virus pandemic, the mechanism of contractor rehabilitation and facilitating communication with them, and the acquisition deal On a 70% stake in SABIC, and the role of Saudi Aramco in environmental affairs, society, and governance.
For this part, Saudi Aramco President and Chief Executive Officer, Eng. Amin Al-Nasser said in his speech during the meeting: “Saudi Aramco’s relationship with the private sector has evolved since the company’s inception, and has become more systematic and more comprehensive and clearly focuses on the (Ektefa) program,” stressing in this regard that “ The success of this program was a reason, for the success of Saudi Aramco - in partnership with the private sector - in localizing businesses, creating job opportunities, and developing small and medium-sized enterprises, and that the "Ektefa" program proved its worth during the pandemic period, which affected the global supply chains. He also mentioned that Aramco has increased the incentive to develop small and medium companies in the equation of satisfaction by five times, and this incentive will add a desire among large companies to increase the opportunities available in their supply chains and to qualify small companies to participate, and through that, it will support the program of the sufficiency of the Asharqia Chamber initiative "Bridging"
Al-Nasser affirmed that Saudi Aramco has always been keen on its stance stemming from its responsibilities that balance trade and strategic goals and national responsibilities, adding that we are optimistic that the worst in this pandemic has become behind us and that Aramco has been subject to great challenges in the crisis, but, we were highly prepared to deal With the pandemic, because dealing with epidemics is part of the company's risk management program, and epidemics were one of the sub-risks classified as non-industrial accidents, but after the pandemic, it was reclassified to one of the main risks.
Speaking about the company’s business and projects, Al-Nasser said, “Digital transformation has played and will play an increasing role in shaping the current and future business environment and achieving more innovations and opportunities. Aramco has established a business department led by a senior-level executive to identify opportunities for digital transformation at Aramco and accelerate its implementation. This increases the company's profitability, enhances reliability, and operational efficiency. The pandemic has proven the feasibility of investing in digital transformations, and that requires the capabilities of suppliers, contractors, and commercial partners to be highly immunity. Therefore, meeting cybersecurity requirements has become a condition in qualifying and sustaining the private sector with Aramco. " Regarding pivotal projects such as the King Salman Energy City (Spark) that are being built east of Abqaiq Governorate, and the King Salman International Complex for Marine Industries and Services in Ras al-Khair, Eng. The Kingdom as a strategic center for industries in the Middle East, which is in line with the Kingdom's 2030 vision.
Regarding the challenge of climate change and its impact on the future of the oil industry, Al-Nasser pointed out that Aramco puts the climate challenge at the top of its priorities and is considered the lowest globally among other companies in the level of emissions, according to independent parties studies and that the company seeks to lead in reducing climate change emissions through the development and application of technologies and innovations. Al-Nasser has listed several areas of technical solutions that the company focuses on, including working through Aramco's research and development centers in Detroit and Paris with car manufacturers to develop the new generation of high-efficiency and low-emissions car engines. As well as the development of future fuels, which are characterized by a lower level of emissions. It also includes developing and applying carbon separation and storage techniques as well as converting harmful emissions into commercially viable materials. He also mentioned that digital transformations, the techniques of the fourth industrial revolution, and artificial intelligence will help produce more environmentally cleaner oil. Eng. Amin Al-Nasser pointed to the company's interest in the concept of transformation of the circular economy through which carbon dioxide is reduced, recycled and removed, stressing that oil will continue to play a major role in the global energy mix, despite the rise of technologies such as electric cars.
For this part, the Supreme Vice President for Technical Services in Saudi Aramco, Mr. Ahmed Al-Saadi, said that the success of the contractors is a success for Saudi Aramco, noting that the sufficiency program came as a result of joint work for many years, considering that this was the result of the proposals submitted by contractors and suppliers during the meetings between the two sides As well as during the exhibition and conference enough. He said: "We receive all the proposals with great openness, and we study them thoroughly and look at the possibility of aligning them with the satisfaction program, which leads to integration and cooperation between the company and the private sector and medium and small projects.
Al-Saadi added that pivotal projects such as King Salman Energy City and King Salman International Complex for Marine Industries and Services come to establish the infrastructure for many industries in the region, where King Salman Energy City will embrace heavy and light industries to support the energy industry. Al Saadi said: "We are in the process of establishing a complex for digital and non-metallic industries, and this would attract large companies to the region and open the way for medium and small institutions to serve and support these industries.
He added, "We started operating the International Marine Industries Company, which started on a number of projects with investors. For example, the company acquired the first tanker from sea company and it is among several tankers to be built in the complex, and the goal is to train the cadre responsible for shipbuilding in Ras al-Khair On the one hand, marine rigs, an industry that is embraced by the complex, has started manufacturing two rigs by the company Lambril, and this also feeds in the preparation and training of human cadres there, stressing that the shipbuilding and drilling rigs attract many small and medium support industries, thus creating horizons for opportunities for manufacturers in the region. to have a role in stimulating industry in the Kingdom.
Regarding the role of Saudi Aramco in mitigating the effects of the emerging Corona Virus pandemic on contractors and suppliers, Al Saadi said: “Saudi Aramco was quick to take a package of immediate measures and measures to reduce the effects of the emerging Corona Virus pandemic in several areas, including economic facilities, including the rescheduling of some Projects, restructuring of some discounts on contractors, and in stages that reach a full settlement with the main contractors due to the easing of pressures on the subcontractors. We have also implemented a system of monitoring and enforcement of payments with the main contractors to ensure that the payments reach the subcontractors, and some contract terms have been modified to allow by using bank guarantees instead of financial guarantees as well as reducing bank guarantees according to the percentage of project implementation."
Al-Saadi revealed that the pre-qualification process for contractors and suppliers is an essential measure to ensure the provision of a sufficient and appropriate group of contractors and suppliers with expertise and outstanding performance, in order to meet the company's procurement needs. Aramco's business is usually very sensitive and complex, and this requires the importance of a thorough pre-qualification process for the contractor, with the aim of ensuring that the business is performed in high quality, reliability, and safety. The qualification process includes a set of important elements of contractors and suppliers such as expertise, human resources, financial position assessment, technical ability assessment, and commercial evaluation.
In turn, the Vice President of Procurement and Supply Chain Management in Saudi Aramco, Mr. Mohammed Al-Shammari, confirmed that Saudi Aramco has equipped unified call centers and digital platforms at a high level that contribute to strengthening communication between the private sector and the company, especially in exceptional cases such as the Corona pandemic, where the Supplier Help Center was equipped to receive inquiries From the business sector and effectively responding to it to ensure that all communications with our suppliers are smooth, knowing that all such communications are tracked and monitored until the reported problems are resolved and closed.
Al-Shammari added that there is also a Saudi Aramco service center to support contractors and suppliers in the Asharqia Chamber, and centers to serve contractors and suppliers geographically dispersed in Riyadh and Jeddah to provide direct support to suppliers. Also, there are points of contract approved by the contracting contract management or the operational departments responsible for implementing these contracts. For example, during the previous year, the contracting department held periodic meetings with more than 80 companies, upon their request, to discuss several matters, most notably: qualification, registration, financial extracts, and other matters.
Al-Shammari said, "Saudi Aramco launched an initiative aimed at achieving continuous improvement in the procedures for selecting contractors and suppliers and prequalification, by taking advantage of the digital transformation and providing a single electronic portal through the SABB Arriba system to achieve pre-qualification of contractors for all services. We have started to implement These improvements to some services that will enter into force in full in 2021, which will lead to a reduction in the pre-qualification time.
For this part, member of the Board of the Asharqia Chamber and Chairman of the Industry and Energy Committee Ibrahim bin Mohammed al-sheik said during his participation that the industry sector in the region in particular and in the Kingdom in general faces many challenges after the Corona pandemic, indicating that the meeting with His Excellency the President of Aramco was tantamount to responding to many Among the questions about the future of this vital sector, especially since it is closely linked with Aramco, pointing out that the company has the necessary incentives to support the industry and energy sector during the coming period, as well as Aramco's support for the bridging program and those initiatives related to resettlement in the company's projects and purchases through the program Sufficiency.
While a member of the Board of Directors and Chairman of the Contracting Committee, Hamad bin Hammoud Al-Hammad, explained during his participation in the meeting that the contracting sector is one of the most affected sectors from the effects of the Corona pandemic, because it has many practical and complex details, pointing to the unlimited government support and initiatives that helped save the construction companies. And confirming that the meeting of His Excellency the President of Aramco was awaited by many who benefited from the company's initiatives, indicating that the meeting was of great importance to the employees of the contracting sector, where he talked about very important details that benefit the sector, and disclosed the incentive initiatives presented by the company to the contracting sector to help him exceed Pandemic effects.
Young Business Council reviews its programs during the second half of 2020
14/07/2020
Young Business Council reviews its programs during the second half of 2020
The Young Women’s Council of the Asharqia Chamber of Directors held its meeting, which began by reviewing the council’s programs and activities during the second half of this year, including the initiatives and activities that serve the young female business sector.
The meeting, which was held on Monday, 13 July 2020, and chaired by Najla Al-Abdul Qadir, The Chairperson of the Council, discussed the work plan and the results of the work teams emanating from the Council, in addition to discussing the latest developments of Initiative, which aims to develop the tools and skills of university students to achieve change and development in the scientific and practical field.
Abdul-Qadir said that the council continues to hold its meetings remotely to discuss the most prominent initiatives that will develop the working mechanism in the business sector and the possibility of providing services that help them overcome the challenges they face, noting that the meeting put forward a number of initiatives that contribute to providing consultations and awareness to the business sector in the region.
Dr. Al-Shibl: technical programs that measure the interests of online shoppers through the movement of their eyes and their choices
13/07/2020
During a remote meeting organized by the Asharqia Chamber represented by the Business Youth Council
Dr. Al-Shibl: technical programs that measure the interests of online shoppers through the movement of their eyes and their choices
Assistant Professor of Marketing at King Fahd University of Petroleum and Minerals, Dr. Saleh bin Abdulaziz Al-Shibl stressed the development of marketing tools that are working to measure the extent of consumer interaction and desires in addition to its aspirations for any product.
Al-Shibl explained during a meeting organized by the Asharqia Chamber represented by the Businessmen Council on Sunday evening, 12 July 2020, entitled "Consumer behavior and customer experience" that a number of influences that the consumer is exposed to and have a strong and direct impact on his behavior, including his influence on the behavior of the group from members of his family or those around to him, he advised many establishments to adopt satisfactory policies for the customer in order to gain his loyalty towards their policies and products and thus have always gained a client, pointing to some small details that the owners of the enterprises can adopt to change the consumer behavior and attract him towards their products and services and make him satisfied.
Dr. Al-Shebel said that the head of the pyramid in each establishment draws the marketing policy and places all his experiences and experiences, and is keen to be within a clear and tight marketing plan so that his team can support and implement it, but without the team members or some members absorbing this plan and its goals will be useless so that if one of them erred in dealing with any issues with the customer who will lose a lot, pointing out the need for the official in charge of the plan to follow up on his efforts and go out in the field from time to time in order to make sure that the team has absorbed the ideas and aspirations in the plan and works to implement them for the success of marketing for the facility's products and services.
And Al-Shebel indicated that the Corona pandemic struck the global economy with the recession, and consequently, the material losses that led to the exit of some establishments from the market occurred and some were affected, but a class of these establishments presented their products through electronic transformation, as they became communicating with the customer directly through their accounts on various electronic communication sites, This step was one of the most prominent steps that recorded unexpected successes as the service provider became aware of the customer's satisfaction and measures the impact of his actions on the customer directly, and he can communicate with him and touch his needs and know his desires and aspirations with ease.
Dr. Al-Shibl pointed to several electronic programs that measure the impact of the services provided to the customer and products through his experience inside the store's website and his movements between products and even his eye look that register admiration for a specific product and a desire to acquire another product, and these tools are considered new in measuring impact and achieving a marketing plan Ideal for the facility.
Dr. Al-Shibl pointed out that good publicity would lead to marketing the product, just as the opposite is true. Bad publicity also has a positive effect on promoting the product, and from here the individual gets affected by the impressions of the group or vice versa. If the individual becomes among his family talking about the product and good dealing from the facility, then this enters new customers. On the product, as the individual is automatically affected by the opinions of his group about the reputation of any product, and in the end, everyone wants to experiment and judge the product, whether the advertising is good or not.
A consultative meeting of the Chamber's councils and committees stresses the importance of electronic transformation and supporting the business sector with studies after the Corona pandemic
09/07/2020
The meeting gathering the Chairman and members of the Board of Directors with the heads of councils and committees
A consultative meeting of the Chamber's councils and committees stresses the importance of electronic transformation and supporting the business sector with studies after the Corona pandemic
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, during a consultative meeting "from a distance" held with the heads of the committees, business councils and executive councils of the Chamber, yesterday evening Wednesday, July 8, 2020, on the distinguished interactive performance presented by the Asharqia Chamber represented by the board of directors, executive councils, committees and business councils The General Secretariat, the initiatives that were presented and the activities, activities, and programs that it implemented served the business sector in the eastern region in particular and the Kingdom in general during the Corona pandemic.
Al-Khalidi said during the meeting that witnessed the wide participation of the members of the Board of Directors that the past period witnessed major changes and transformations in the economic sector as a result of the pandemic, which required from everybody work and double effort to accommodate these changes and reformulate plans and paths according to the goals and requirements of the new stage, stressing that the business committees and councils the branches and the executive councils were responsible and continued their work at an accelerated pace and a great effort to keep pace with the effects of the pandemic and provide advisory services and initiatives that serve the business sector and put a road map for it to safety.
Al-Khaldi pointed out to the initiatives of the state, that helped the business sector to face the economic repercussions and preserve its gains, and continue to contribute to national development, while preserving the national cadres and competencies in various specialties, appreciating the performance of the Asharqia Chamber’s board of directors and its support to the business committees and enabling it to deal with changes and work to complete the process of developing the business sector and overcoming the obstacles and challenges facing it, as it formed a full team called cooperation and creativity, in serving the private sector and strengthening its position in the development map.
Al-Khaldi stressed that the Chamber continues to play its role in serving the private sector, achieving its requirements, adopting its initiatives and enhancing its contributions to the national economy in a manner commensurate with the new economic trends, stressing that the coming period is still sensitive and has many changes and everyone should be prepared for it pointing to the distinguished results achieved this pandemic, which came in line with the aspirations of the participants, was a natural result of the efforts made by the committees, branch boards and executive councils, including proposals, ideas, and the interaction and cooperation shown by the initiatives launched by the Board of Directors. Whereas, the business committees and the executive councils are the beating heart of the chamber and are distinguished by its proximity to the business sector and therefore it knows the challenges it faces and the aspirations it seeks,
The participants stressed in their meeting with the Chairman of the Board and members of the Council the need to join efforts to face obstacles and challenges facing the private sector at the present time and to intensify quality programs and activities with a view to discussing what is emerging and clarifying the new business sector, stressing that the crisis is still ongoing and needs continuous support for the business sector, especially the enterprise sector Small and medium-sized enterprises to absorb this crisis and can come out with the least losses and the best solutions, hoping to achieve more successes and praising the existing cooperation between the Chamber and the relevant government agencies, and the price of the participants in the meeting with the fruitful cooperation provided by the Asharqia Chamber and the continuous support of the business sector and initiatives during the pandemic.
The meeting came out with a number of recommendations and ideas, the most important of which was the adoption of periodic meetings remotely to discuss economic developments first hand, and emphasizing the great technological development that accompanied the pandemic as it became an important means to continue the work of the business sector and the need to continue in this field and keep pace with the challenges of the continuous development of technology, and the continued support of committees The boards of branches and executive boards of research, studies and information that benefit the business sector, and inventory of ideas, experiences, and practices that took place during the pandemic in the various sectors for the benefit of all.
The Ministry of Commerce is reviewing its electronic services to manage records and trade names
08/07/2020
During the monthly meeting of businesswomen at the Asharqia Chamber
The Ministry of Commerce is reviewing its electronic services to manage records and trade names
On Tuesday, July 7, 2020, the supervisor of the businesswomen sector in the branch of the Ministry of Trade in the Eastern Region, Professor Sarah Mohamed Al-Nasser, reviewed the electronic services of the records and trade names management system for individual institutions during the monthly meeting of businesswomen, which was held by the Center of Businesswomen of the Asharqia Chamber of Women, through visual communication technology And many women businessmen from the region participated in it.
According to Al-Nasser, according to the accelerated technological development, which the Ministry is keen to pursue, the steps to start the commercial activity have been shortened from 4 steps to one step via one electronic platform, as well as issuing the commercial registry in a period that takes only 180 seconds.
Al-Nasser explained the steps for issuing the commercial register, saying: It is through four steps that start with entering the service and choosing the trade name, then entering and confirming the commercial information, and thirdly paying the unified bill that includes the commercial registry fees and the membership of the Chamber of Commerce through a payment system, and finally the issuance of the commercial register and membership number in the Chamber of Commerce is electronic.
Regarding the choice of the trade name, Al-Nasser indicated that he would enter the service of the trade names, choose the type of the name, fill in the data, and then reserve the name, noting that there are three cases on which the trade names may be rejected, and therefore work when choosing the name to avoid them, Such as having a similar name or mentioning activity in the name or surname.
Al-Nasser pointed out that there is a group of differences between the trade name and the trademark, one must pay attention to them. The first is the name that a commercial project trades for commercial purposes that is legally registered and used in official contracts and positions. An establishment or to indicate the performance of a service or to conduct control or inspection of goods or services and is used in the facilities panels.
As for the advantages of the electronic commercial registry, Al-Nasser said that it gives the opportunity to choose between several proposed trade names, in addition to reducing the period of issuance, renewal or amendment to less than two minutes, and allowing the electronic linking process with the official authorities to document and match the record data.
Al-Nasser went on to say: The service enables obtaining approved commercial records without papers and membership numbers in the Chamber of Commerce, in addition to the consolidated bill that includes the fees for the registry and the room, in addition to the period of validity of membership in the room coincides with the duration of the commercial registration.
Al-Nasser concluded by explaining the new electronic services that were recently added to the Ministry's website as a service for issuing a commercial registry without requiring electronic licenses to be attached and a service that transformed your organization into a company electronically, as well as submitting the partners ’decision, issuing a certificate of origin, registering a commercial agency contract, and issuing your license for consulting professions, and others from Services such as applying for a commercial statement, and checking for a commercial record.
"Saudi Standards" affirms the principle of integration with the private sector
06/07/2020
In a meeting organized by the Asharqia Chamber yesterday
"Saudi Standards" affirms the principle of integration with the private sector
Al-Qasabi: Private sector feedback is a step to support the components of the specifications
6 thousand products purchased by the authority to ensure conformity with standards
No progress for industry, no growth for a trade without quality infrastructure
Al-Askar: More than one million consumer products have been registered on the Saber platform
Al-Khalidi: The citizen is aware of the level of efforts made to implement quality.
The Saudi Standards Authority emphasized standards and quality, the issue of partnership and complementarity with the private sector and relevant government institutions, for the sake of the integrity of the local market of non-conforming products, and support for industry, trade, and import alike.
The Governor of the Commission, Dr. Saad Al-Qasabi, said that the feedback from the private sector is a necessary and important issue in formulating the specifications adopted by the Authority to maintain the level of quality in the goods offered in the local market. Emphasizing the vital and effective participation of the private sector in formulating specifications and introducing its technical components.
Al-Qasabi said during a remote meeting moderated by the Chairman of the Board of Directors of the Asharqia Chamber of Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi on Sunday (5/7/2020) that the authority’s role revolves around seven areas, namely, “specifications, conformity, measurement and calibration, quality, laboratories, research, studies, and energy efficiency”. He explained that one of the tasks of the authority is to set and adopt "standard" standards and Saudi technical regulations for goods, products, and services, measuring and calibrating devices and to ensure their application, and to grant certificates of "conformity" to those specifications that are based on local or prepared products for export and imported products.
Al-Qasabi added that the authority seeks to develop and implement the national system for measurement, calibration, and supervision of its system in the Kingdom, and also grants the license to use the quality mark for local and imported products that meet Saudi standards.
He stated that one of the tasks is also to conduct reference tests on goods and products that fall within the scope of the commission’s work, knowing that the authority’s laboratories are a reference and not competing with private sector laboratories.
He said that the authority - in partnership with the private sector - developed its current strategy (2019-2023) that depends on several pillars that fall under each pillar number of goals, the most prominent of which are the promotion of quality culture and definition of added value and the positive impact of adopting the principles and systems of quality and spreading awareness With this culture among all beneficiaries, the second pillar is "directing and leading national standardization activities" in order to improve the authority's services for the industrial and commercial sector, enhance the competitiveness of the national economy, achieve national priorities, and integrate with public and private sector partners to build effective quality infrastructure, and enhance the authority's role in innovation In the fields of specifications, conformity, and measurement science, enhancing the mental image of the authority and establishing confidence in its work.
On the third pillar, Al-Qasabi said that the authority seeks to improve through participation in leading regional and global standardization activities, and also works to attract and maintain qualified competencies, and work to achieve operational excellence by directing the authority towards achieving financial self-sustainability ... stressing the issue of integration with partners To achieve these goals and establish those pillars, and that success is not achieved unless we have national competencies capable of leading such activities.
Until we reach a high level of quality, and we maintain our successes in this regard, Dr. Al-Qasabi sees the importance of strengthening the national quality infrastructure, which is an integrated system of public and private entities that works integrally to develop policies and the regulatory and legal framework for the development and implementation of the basic components of quality, which include building confidence In the national market and consumer protection, and promoting fair competitiveness in the national economy, enabling fair traders, improving access to markets, participating in global supply chains, and until this has to be monitored according to technical regulations in measurement, calibration, accreditation, conformity, and basic specifications.
He pointed out that the development of national infrastructure for quality and attention to it is an important factor for economic development (industrial and commercial), as without quality it will not be a sophisticated and sophisticated industry, and it will not be a fair trade that meets consumer demands. He pointed to the experiences of a number of countries, including Germany, whose data indicate Until the specifications generate economic benefits estimated at about 17 billion euros annually.
Within the framework of the development witnessed by the authority, Al-Kasabi said that with the beginning of this July, the authority's Saber platform was linked with the (Fasah) platform, and the aim of all of this is to serve the local merchant ... saying that Saber is an electronic platform that enables commercial establishments and local factories to register consumer products. And registration of conformity certificates required electronically for imported or manufactured goods and aims to facilitate the processes of clearing these products and raise the level of safe products from them in the Saudi market.
On that, the Saudi Deputy for Standards of Conformity and Quality, Eng. Saud bin Rashid Al-Askar stated that Saber was established to control the production chain from factories or outlets to the consumer, saying: We have registered one million consumer products on the platform, more than 25 thousand merchants, and about a quarter of a million certificates of conformity, and it has become the right of every professional trader and is committed to the requirements of quality and honest competition Whoever meets all the requirements can issue certificates corresponding to his merchandise very easily.
He stated that the matter was strengthened by linking with the national platform (Fassah), which contributes to enhancing the opportunity for the Kingdom's progress in the cross-border trade index by speeding up and facilitating the entry of consumer products to the local market, reducing paper documents while conducting the release and issuing the customs declaration, and checking the consignment conformity certificate automatically, reducing total costs for the importer and trader.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said that the path is long, and the quality of specifications we find is in front of our eyes, where we see a great improvement in the level of quality in the products offered in our local markets because we as citizens do not touch those efforts that are made for quality except During what we see on the market,
Al-Ammar added that we are proud of what has been achieved in the field of automation, especially in the areas of application of quality and standard specifications.
The Presidency of Meteorology and Environment reviews its efforts and initiatives during the pandemic
06/07/2020
During a remote meeting in the Asharqia Chamber
The Presidency of Meteorology and Environment reviews its efforts and initiatives during the pandemic
Al Sufyani: The authority received about 1130 environmental reports during the ban and issued about 492 environmental licenses and 53 environmental qualifications
During the meeting held by the Asharqia Chamber represented by the Environment Committee yesterday, Wednesday, July 1, 2020, the Vice President General for Environmental Affairs and Common Services, the General Authority of Meteorology and Environment, shed light on the visual communication technology and was managed by the Chairman of the Chamber’s Environmental Committee, Mr. Talal Sultan Rashid, highlighted the major body's efforts and initiatives launched during the pandemic that Corona.
He explained, that during the period of the pandemic, the Commission was able to continuously coexist in carrying out its activities effectively and support the national efforts to address this pandemic. On the level of environmental licenses, the Commission intended to extend the environmental licenses and permits ending on 20/7/1441 to 20/1/1442, as the Commission provided In order to preserve the safety of its employees and beneficiaries, the remote licensing service was given priority in the completion of transactions related to medical and health projects, particularly supplies factories, medicines, health facilities, and health care waste disposal facilities, noting that during the ban period, the authority issued about 492 environmental licenses and issued 53 environmental qualifications And it delivered 323 electronic environmental licenses through customer service, among the licenses issued by the General Department of Environmental Licensing.
Al-Sufyani pointed out that the authority continued in environmental monitoring by measuring and monitoring pollution rates and air quality indicators, as well as continuing to verify chemical safety, hazardous waste and the National Ozone Unit, by converting the clearance process from paper to electronic while reducing the completion of the transaction from 7 to 3 Days, indicating that 109 import and export transactions of recycled waste have been cleared, 13 waste transit transactions have been approved, 3 government bodies have been destroyed, and 791 ozone import transactions have been opened in cooperation with government agencies.
With regard to environmental inspection, Al-Sufyani indicated that the authority inspected 553 facilities to ensure compliance with environmental requirements, and received 1130 environmental reports, all of which were treated, pointing out that the priority in the inspection was for treatment and disposal facilities for health care waste.
Al-Sufyani said that the Ministry of Environment, Water and Agriculture had launched the National Strategy for the Environment, which includes the establishment of (the National Center for Monitoring Environmental Compliance - the National Meteorological Center - the National Center for Plant Cover Development and Desertification Control - the National Center for Wildlife Development - the National Center for Waste Management), in addition to several initiatives related to the rehabilitation of polluted places, the protection of the marine and coastal environment, raising the efficiency of accreditation and environmental licensing processes and mechanisms, and the establishment of a central unit for monitoring air quality and emissions from the source, as well as the National Environmental Inspection Program, and work is currently underway to implement them.
The Chairman of the Chamber: The High Command to extend the pandemic initiatives, a generous gesture and significant additional support to the private sector
02/07/2020
The Chairman of the Chamber: The High Command to extend the pandemic initiatives, a generous gesture and significant additional support to the private sector
The Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the generous order, extending a number of initiatives that the government had launched to mitigate the effects of the Corona pandemic on individuals and owners of enterprises from the private sector, and focused on (supporting Saudi workers, stopping fines, and postponing the collection of Fees, Exemptions, and Representations.
Al-Khaldi said, (Extending the initiatives an additional period gives the business the opportunity to achieve maximum benefit from it, while at the same time it shows the keenness of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud to mitigate the financial and economic impacts of the repercussions of the pandemic. The citizens and the owners of the establishments, (which increases our confidence that our angel always stands beside us and supports us in these circumstances that the whole world is going through).
Al-Khaldi said that the extension decision supports and supports the private sector in this period, which is the recovery period, and confirms the extent of the concern of the matter in the private sector and the strengthening of its role as a partner in development, noting that this extension is a generous gesture from the shrine of the Custodian of the Two Holy Mosques, as it reduces what is left behind The ban has implications for many enterprises, and enables the entire private sector to return to accelerated growth rates.
Al-Khaldi pointed out that the support initiatives launched by the state, whether by exempting or postponing some government dues, had clear positive effects on the continuity of the establishments ’work in performing their work, which reflected positively on the economic situation, and gave a perception of the extent of coherence and solidity of our national economy.
Since the beginning of the fallout from the Corona pandemic, the state has announced a package of initiatives to support the private sector, especially small and medium-sized enterprises, and economic activities most affected by the consequences of the Coronavirus, and reached 142 initiatives targeting individuals, private sector enterprises and investors, exceeding 214 billion riyals.
The Human Resources Development Fund "Hadaf" reviews its programs for career preparation
02/07/2020
During a remote lecture in the Asharqia Chamber
The Human Resources Development Fund "Hadaf" reviews its programs for career preparation
The Human Resources Development Fund "Hadaf", during the introductory lecture organized by the Asharqia Chamber, through visual communication technology, reviewed yesterday, Thursday, July 2, 2020, and presented it from the Human Resources Fund "Hadaf", Professor Youssef Al-Fulaij, his programs for career preparation, such as the path and vocational program and professional certificates. , Leading to productive and initiative national human resources.
Al-Fulaij said, that the Droub platform is a national platform for e-training and one of the "goal" initiatives, and seeks to qualify and train job seekers and those on the job, and to develop electronic training programs that meet the needs of the labor market, in addition to enriching the e-training content in partnership with the authorities.
Al-Fulaij explained that registration in the paths is available free of charge to all groups, as well as in any training program and at any time, pointing to the multiple areas of the platform for electronic training and that the certificate of passing the training program is granted after completing 70% of the requirements, and it also provides programs for some beneficiaries of support programs.
With regard to the “on-the-job” training program “Tamheer”, he said that it is an on-the-job training program directed at Saudi male and female graduates from local and foreign universities, and it works to provide its people with different skills and experiences to participate effectively in the labor market and increase employment opportunities, indicating its multiple advantages; The program offers a financial reward of 3000 riyals for the trainee, risk insurance coverage and an experience certificate presented by the fund after completing the training program.
Al- Fulaij said that there are several criteria for admission to "Tamher" which is linked to the trainees and other facilities, and in respect of trainees are required to have the trainee Saudi nationality, and holds a bachelor's degree or higher, and should not be on top of work, whether in the public or private sector, and indicate social and civil Service Insurance no advanced registration records on any job during the previous six months, and should not be developed as well as benefited from "Tamheer" program in the past.
Al-Fulaij explained, through an explanation and clarification to the professional certification program, saying: It is a program that aims to encourage and motivate the national workforce in the governmental and private sectors in addition to job seekers to obtain certified professional certificates in the fields required in the labor market by compensating materially for the costs of obtaining the certificate The professional after verifying the validity of the certificate, indicating that to obtain compensation the specific conditions such as the beneficiary must be a citizen or a citizen and that the certificates are among the certificates approved by a goal and that the date of obtaining the certificate be after a date of approval in a goal, in addition to the applicant’s acknowledgment that the authority has not The work related to it by paying the costs of the certificate and the cost compensation request not exceeding more than two certificates only per person and finally that the professional certificate is valid and not expired so that the date of the certification approval does not exceed six months.
Al-Fulaij explained that the compensation mechanism is first to file the claim through the electronic portal with copies of the certificate and the invoice of the costs obtained by the beneficiary, as well as attach the declaration of approval to verify the authenticity of the certificate through the fund and whoever he delegates, and after completing the approval procedures the compensation will be transferred directly to an account beneficiary.
This introductory lecture comes as part of a series of lectures offered by the Asharqia Chamber Employment Center to the business community to educate about initiatives that serve the sector and to discuss officials directly about any questions or concerns they have.
The "Fassah" platform announces a list of services that serve the import and export sector
02/07/2020
During a direct meeting organized by the Asharqia Chamber yesterday:
The "Fassah" platform announces a list of services that serve the import and export sector
Al-Harbi: The platform serves more than 50 thousand exporters and importers, and more than 3 thousand customs brokers
A prominent official of the Saudi company for electronic information exchange (exchange) Mohamed Al-Harbi said that the one-stop-shop window (Fassah) is looking to raise the level of the export and import process in order to achieve one of the most prominent goals of the Kingdom's 2030 vision through a variety of services system, provided through a number of portals bearing the names Several are business development, allowing linkage and integration with other government agencies, logistics communities, in addition to the information exchange platform (Fassah).
He added during a direct meeting organized by the logistical committee in the Asharqia Chamber and managed by the head of the committee, Rakan bin Abdul Rahman Al-Oteshan, on Wednesday (1 / July / 2020) that the "Business Development" portal aims to introduce the investor to the procedures related to trade across the Saudi borders and link them to the relevant platforms .. while The portal "Fassah by linking and integrating with other government agencies" is one portal for the merchant to submit requests for "permits" for al-Fasah from the relevant government agencies in import and export, and its services have been started with the Industrial Security Authority and the Food and Drug Authority, while exchanging data (Fassah) provides The exchange of cargo data for all sea, air, land and dry outlets, and serves both customs and government agencies, brokers, freight forwarders, courier companies, and private laboratories.
As for the "logistical societies" platform, according to Al-Harbi, they are societies that link community members in exchanging data and facilitating special procedures. The port community has been launched, which facilitates the process of managing ships in Saudi ports, which are added to the portal (or platform) logistic services aimed at facilitating services such as The service of reserving appointments for marine ports and tracking the status of goods, as well as the "logistic market platform" that aims to link the private sector to each other, through supply and medicine, to contribute to reducing time and effort in cross-border trade.
Al-Harbi discussed the beneficiaries of the platform, and he mentioned: 52,486 exporters and importers, 3349 customs brokers, 33 car agents, 9 express mail establishments, 13 port operators, 154 freight agents, 45 private labs and one train operator
On the achievements of the platform, he said that the electronic linking of the subsequent scans has been launched with the Food and Drug Authority and the Ministry of Environment, Water and Agriculture in all the main ports of the Kingdom (air, sea and dry), and importers and exporters have been registered so that they can complete their transactions without the need to visit any port of customs or provide Official papers, 22 services were launched and customs work, and liaison with the Standards, Metrology, and Quality Authority, and accordingly the Energy Efficiency Verification Verification Service and the Certification Accreditation Service were launched, and the tobacco importer license service was also launched in cooperation with the Food and Drug Authority.
In this field, and within the talk about the achievements, Al-Harbi said that the stage of the services of customs brokers has been launched, and work is underway to develop a license to practice the profession for them, with the port operators through the Meraas platform, and the development of tracking service for shipments of all kinds (Bahri) has also been completed. And air) and fast shipping
He mentioned that the truck management project had been launched in the King Abdulaziz Port in Dammam, as well as the experimental launch of government integration services with the Ministry of Interior in the Industrial Security Vulnerability Portal.
In this field, and within the talk about the achievements, said the war that has been the launch phase of the dedicated services of customs, and work is underway to develop a practicing license profession for them, with port operators through anchorages platform, has also been completed development service, cargo tracking for shipment of other types (Sea, air and land) fast shipping.
He mentioned that the truck management project had been launched in the King Abdulaziz Port in Dammam, as well as the experimental launch of government integration services with the Ministry of Interior in the Industrial Security Vulnerability Portal.
The Business Women Center reviews the Chamber's e-services
01/07/2020
During a remote introduction meeting in the Asharqia Chamber
The Business Women Center reviews the Chamber's e-services
On Monday, June 29, 2020, the Business Women Center of the Asharqia Chamber of Commerce reviewed, through a remote introduction, the electronic services provided by the Chamber, which aims to facilitate the service of Chamber subscribers from anywhere without the need to visit the branches or centers, as well as familiarize the participants with the organizational structure of the Business Women Center and the subscriber's section.
The meeting discussed and clarified the registration steps, activating the service, lists of basic services and membership services, such as certification and commercial services, adding delegates and other services, in addition to highlighting the way of payment, charging the balance, and printing documents such as authentication documents and membership certificates.
The first step before registering according to the meeting requires that the participant has a valid commercial register and membership in the Asharqia Chambers, complete registration through one of the branches, after filling out a subscription form through the site and attaching it with a copy of the commercial registry and identity and the approval of the signature and stamp, and that after completing this first step Essential, the subscriber can register for electronic services by entering the website of Asharqia Chamber, and then choosing the existing electronic services.
And after entering the Chamber's website, a new registration is chosen, and after moving to the registration page, the option to search for membership is through the membership or subscription number or the commercial registry number, after which the transition to the subscriber's data registration page is completed, where the required data are already registered with the branch, and in If the subscriber is registered in the "Absher" system, an activation code is received on the registered mobile number, and the activation code is entered to complete the registration process, and then the subscriber request is activated by one of the Asharqia Chamber employees and enables them to enter directly and start using electronic services.
The meeting touched on the most frequently used services, such as printing the subscription certificate and adding the authorized signatory or its origin, and it is for those who have more than one commercial register, as well as requests for authentication with ready-made templates and requests for authentication of open letters and activation of requests of the Ministry of Foreign Affairs.
Asharqia Chamber discusses empowering the customer's integrated experience in the restaurants and cafes sector
01/07/2020
In a series of meetings in technology solutions
Asharqia Chamber discusses empowering the customer's integrated experience in the restaurants and cafes sector
Asharqia Chamber, represented by the Hospitality and Recreation Committee, discussed, within the series of technology solutions meetings in the restaurants and cafes sector, on Tuesday, June 30, 2020, through visual communication technology, ways to take advantage of the digital transformation to break down the barriers between customers in the restaurant and cafes sector, by achieving an integrated customer experience, The meeting was attended by Eng. Abdullah bin Hassan Al-Khaldi, Director of the Gulf Region at the Queen's Platform, and moderated by the member of the Chamber’s Hospitality and Recreation Committee, Engineer Nader bin Ismail Al-Qahtani.
Al-Khaldi said that there is an electronic gap between restaurants and customers, referring to the reduction of the customer’s journey in the purchase process and not others, despite the contents of this customer’s journey that include multiple stations that start with an interest, as the search passes through the recommendation of buying and then interacting, sharing and re-buying, noting the importance of understanding The owners of restaurants and cafes get to this trip well to know the nature and quality of their customers, so that the customer does not turn into a mere bill.
Al-Khaldi emphasized that the customer’s knowledge is the basis in building a strong relationship with customers and that the customer’s journey cannot be controlled without the digital transformation, pointing out that the digital transformation is the optimal investment of data in increasing productivity and building new bonding relationships with customers.
Al-Khaldi explained that the digital transformation and the existence of a system that allows customer relationship management enables restaurant owners to get acquainted with the base of their real customers and their age and sexual classifications, male or female, and how many clients were attracted by advertising campaigns, as well as the rate of the bill for each customer, as well as the volume of sales for new customers compared The previous clients, the actual customer satisfaction rates and the extent of their evaluation of the branch, in addition to knowing the number of clients who visit the branch twice or more, and the rate of their return again.
On the Queen's platform, Al-Khaldi said, it is an integrated platform for customer management, operating in a number of countries in the region and used by more than 1000 restaurants and the number of application users exceeded 500 thousand users. The platform focuses on the digital transformation side to build a motor that helps owners of restaurants and cafes to maintain their customers, and that They have a comprehensive view about customers to take care of them, noting that the platform starts from several steps that begin with collecting and analyzing marketing information to enable decision-makers in restaurants to identify customers who make up the largest proportion of sales, and thus improve marketing targeting, and then find an effective, accurate and easy growth tool And equipped with advanced tools for marketing, which allows the launch of measurable marketing campaigns directly linked to what customers spend and their dealings with restaurants and cafes.
There is also a tool for customer maintenance and a high-performance evaluation and review system that is able to address bad customer experiences and compensate them directly from the system, and finally, the so-called additional sales channel that receives customer requests through the restaurant's restaurant site and through the platform, whether for delivery Or receipt from the branch.
An invitation to make a social investment within the foundations of companies and supported by a portion of their profits
01/07/2020
In a meeting organized by the Asharqia Chamber yesterday
An invitation to make a social investment within the foundations of companies and supported by a portion of their profits
Social investment can provide a solution while providing sustainability
The consumer is smart and has a sense of distinguishing between pure profit companies and their peers serving society
Director-General of the sustainability program in the Saudi Telecom Company, Maha Bint Sulaiman Al-Nuhait, called to the importance of companies adopting the principle of social investment, and to be within the basic principles of the company, and it is not necessarily that this is through allocating a department concerned in this regard, but a percentage can be allocated (1-2) %) Of profits for this purpose, as this results in a lot of positive results for the company, including winning the sympathy of the community with it, because the consumer is smart and has the ability to distinguish.
This came during a meeting organized by the Asharqia Chamber represented by the Young Business Council, within the "Partners of Success" program yesterday (Monday 6/6/2020), and the dialogue was moderated by a member of the Board of Directors of the Eastern Chamber and founder of Adamex Company A. Al-Anoud bint Tawfiq Al-Rammah, as the ocean made clear that the concept of social investment is different nowadays than it was in the previous time, as it was carried out in a voluntary and charitable way, but now it is done in an organized institutional way, benefiting all groups of society, and has the status of developing solutions and sustainability.
Within this scope, Al-Nujit said that the concept of social investment differs somewhat from the concept of social responsibility, which was within the Department of Public Relations or Marketing, as companies through them carry out volunteer activities such as helping needy families, caring for orphans, etc., and after the development of mentalities there began independent departments For social responsibility, it provides services with a sustainable characteristic. Instead of directing a certain amount of money to a needy family, this amount is invested in her sons or daughters so that they can spend on the family and adjust its financial status. Noting that if every company adopted this approach we would not have had social security And we did not have needy families .. calling for more ideas with a sustainable effect that puts our companies and our organization advanced in the field of social investment, as we hope that the day will come when there are no needy families, nor a young man who does not join a certain job.
She stated that social investment in this formula can serve many groups of society, such as people with disabilities and people of unknown descent, orphans and others .. Emphasizing the importance of specializing in investment, because the institution that operates in the health activity provides health services to groups that need this service, as well as training and educational institutions, Can provide training programs that benefit groups that lack this need.
She noted that social investment can be included in the marketing mechanisms, so any institution can produce a promotional film about its activity and distribute it in one way or another, but the marketing purpose is better achieved if the institution provides a training course under its care, the marketing here is more informative and influential, especially if We learned that society sympathizes many companies that have such efforts, more than it sympathizes with those looking for profit only .. indicating that global companies were exposed to the risk of bankruptcy and the savior had a role in society, which benefited her at the time of its crisis, as society sympathized with it.
She stressed that one of the most prominent areas of social investment at the present time is that companies play towards their employees, and it is not proper to have a prominent role abroad, while the employees suffer from a non-positive situation.
She emphasized that social responsibility is not only the responsibility of large companies, not even small and medium enterprises, but rather starts from the individual who can provide a service to his community through which he contributes to solving a specific problem, or support a specific skill, the results of which are of a sustainable nature.
She pointed out that the social support programs of companies are almost more and more distinctive than association programs for the simple reason that the company has more potential than the association, but this matter, of course, does not apply to large associations with huge potential.
Marketing specialist: We don't need another crisis in order to switch to e-commerce
29/06/2020
In a meeting organized by the Asharqia Chamber yesterday:
Marketing specialist: We don't need another crisis in order to switch to e-commerce
Electronic transformation is a necessity for the beginner, and for the merchant looking to expand
E-commerce depends on 8 elements, half of which are related to marketing
The importance of electronic commerce does not negate traditional commerce
An expert in marketing in one of the private sector companies confirmed that we do not need another crisis in order for our stores in the retail market and our institutions to turn to electronic commerce, and the significant transformation this requires in terms of technical, marketing, and others.
The marketing director of the company, "Zed" Nawaf Al-Darab, said during the meeting organized by the Center for Small and Medium Enterprises Development in the Asharqia Chamber yesterday (Sunday 28/06/2020) that we lived for a few difficult months that changed the features of the economic image in many countries of the world, and it was enough to convert automatically Towards electronic commerce, except that some people - for one reason or another - are still insisting on the traditional presence in his store, but the circumstances make it necessary for him to move to the electronic situation, especially if we know that the danger is not over yet, so the past months and the current conditions are an opportunity to shift and who Then expand the activity by doing this.
And the strike added that, in light of the data of the pandemic period, which we hope will end soon, we have found that the most requested products are sterilization equipment, personal hygiene, and food of all kinds, other than that, whose trade can succeed through electronic commerce, and its stores turn into online delivery stores.
He pointed to the activity or electronic commerce that has become important for the retailer, whether he is the owner of an existing business, he must switch to the new style of trade, even if he does not need to cancel the traditional trade, or he was a beginner intending to start entering this world, in addition to that the merchant who He has experience in electronic retail.
He mentioned that electronic commerce consists of 8 elements (product, support, access, processing, payment, promotion, display, and storage) - half or more of them are directly related to marketing, which means that electronic commerce depends on marketing in a degree, and it depends on knowledge Customer behavior, attitudes and tastes.
He stressed in this regard that many samples or models of electronic commerce cannot eliminate traditional trade, and it is important for the merchant to pay attention to the product and promote it, communicate with customers, and ensure that the product reaches the customer well.
Al Mahdi: The volume of private sector investments in the cities of Jubail and Ras al-Khair is 620.4 billion riyals, and the authority is ahead of new projects estimated at 29.3 billion
28/06/2020
During a remote meeting in the Asharqia Chamber
Al Mahdi: The volume of private sector investments in the cities of Jubail and Ras al-Khair is 620.4 billion riyals, and the authority is ahead of new projects estimated at 29.3 billion
The Executive Chairman of the Royal Commission in Jubail, Engineer Mustafa bin Muhammad Al Mahdi, confirmed that the volume of private sector investments in the industrial city of Jubail amounts to (518.7 billion riyals), and in the city of Ras Al-Khair about 101.7 (billion riyals), and that the authority needs larger and more extensive partnerships with the private sector after the Corona pandemic, and that it is coming to new projects with a number of 164 contracts, estimated at 29.3 billion riyals. That the authority's philosophy is based on the fact that the contractor is the first success partner for them, and it always supports the contractors according to the best methods used.
Al-Mahdi said that the pandemic period will not have an impact on the evaluation of contractors, calling on the private sector to follow the future opportunities provided by the authority after the pandemic, through an accreditation platform for government competitions, and attending forums, such as the Forum for Future Projects in 2020, noting the importance of contractors reviewing continuity plans Business and attention to workers and their housing, re-evaluation and improvement of the current situation to reduce risks, as well as accelerate the work of electronic applications.
This came during the meeting organized by the Asharqia Chamber, represented by the Contracting Committee, on the day before yesterday, Tuesday, 23 June 2020, through visual communication technology, and attended by the Chairman of the Board of Directors of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, and two members of the Board of Directors Salah bin Abdul Hadi Al-Qahtani, and Saadoun bin Khaled Al-Atish Al-Khaldi, managed by a member of the Board of Directors and Chairman of the Chamber's Contracting Committee, Hamad bin Hammoud Al-Hammad, who emphasized the economic importance of the contracting sector as a major driver of the national economy, and is a primary consumer of local industrial products, noting the escalating growth that the sector was witnessing until the pandemic, which according to Hammad, and other factors in the sector, it was damaged. Saudi contractors are facing difficult situations due to slow demand, the impact of cash flows, project delays, and supply chains disrupted.
Al-Hammad said that the government’s numerous initiatives and programs to support private sector enterprises affected by the repercussions of the spread of the Coronavirus have had the greatest impact in reducing economic damage to private sector facilities, including the contracting sector.
Al Mahdi revealed that the Authority, in the framework of its plans and future projects, seeks to invest in national competencies through the Construction Excellence Center to contribute to improving the factors of achievement, quality, and safety in the contracting environment, which will work to qualify the national talents and provide them with full support to reach a distinguished partnership, as well on providing professional technical departments and providing them with all modern tools for project management, as well as operational cadres in line with the size of the projects.
Al-Mahdi explained, how important is the national contractor for the authority, as it is the most important partner for it, pointing out that the authority applies the regulation of preference for local content in all its projects; It reaches 82% to 92% in construction projects, but it may reach 65% in specialized projects in which it is difficult to find local content from supply chains for construction materials, and in project supply contracts rooted within its priority clauses for local products or materials, Also, the authority not only looks at local content in the context of supplies but also places national labor on its list of basic options.
With regard to the Corona pandemic and how the commission dealt with it, Al Mahdi said that the authority has largely dealt with the crisis and has applied all the requirements of the Ministry of Health, both in terms of housing labor or factories, and established a quarantine in both Jubail Industrial City and Ras Al-Khair city until we got, thank God, to The highest levels of recovery, noting the Crisis and Risk Management Committee, which played a major role in reducing proliferation and mitigating risks; Its mission was focused on studying risks and providing scenarios for the future, and the committee met on a daily basis with general managers, as well as on a weekly basis with the executive heads of industrial companies, and focused in the first period on protecting human capital, as the most important and basic capital in the entire production system.
And on the authority’s keeping pace with the digital transformation, Al-Mahdi said that there is a national strategy for digital transformation and that the authority is keeping pace with this strategy, so it has improved the infrastructure and human capabilities, which greatly helped in achieving the success that clearly emerged with the start of the Corona pandemic, and work is now done On this planning trend in the cities of the Royal Commission and applied mainly in its general plans and applications. For example, the Authority has implemented many projects and applications in the two industrial cities of Jubail and Ras al-Khair as a traffic management system and holistic systems for the operational management of buildings and facilities and smart management systems for services such as waste management and automation In addition to smart applications in design and construction management.
Al-Mahdi concluded the meeting by saying: The authority seeks to expand the circle of its partnerships with the private sector, and it follows the policy of the open door, stressing that work after the pandemic requires a lot to reach a partnership for achievement.
The Chairman of the Asharqia Chamber: Businessmen interact with the Chamber’s calls to withdraw their investments and commercial transactions from countries hostile to the Kingdom confirming the extent of commitment to their national duty
27/06/2020
The Chairman of the Asharqia Chamber: Businessmen interact with the Chamber’s calls to withdraw their investments and commercial transactions from countries hostile to the Kingdom confirming the extent of commitment to their national duty
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the immediate response and positive interaction shown by the Kingdom's businessmen from all regions with the Chamber's calls to withdraw from the economies of countries with hostile orientations to the Kingdom, and the transfer of their investments and commercial transactions and the import of goods and products either to the inside of the growth in a successive manner By the grace of God first and then the insightful vision that our rational government-approved, or to other friendly countries that have great and deep-rooted interests with the Kingdom, saying: (This response and this interaction from businessmen, only confirms the extent of commitment to their national duty and their affiliation to this giving country).
Asharqia Chamber and a number of the Kingdom’s chambers had issued invitations warning businessmen against the consequences of investing in Turkey after many of them were subjected to coercion, theft, and extortion during the past year; The incidence of harassment and threats against Saudi investors increased a lot, and they faced problems and issues that threatened their investments, amid an unjustified absence from the Turkish authorities that did not fulfill their duty to protect Saudi investors.
Al-Khaldi said that the chamber is still opening its doors to all businessmen to introduce them to the safer countries that are able to protect their investments and properties and are linked to the Kingdom with deep-rooted trade agreements and relations, noting that many businessmen who were investing in Turkey or other countries that are hostile to the kingdom or have commercial dealings, Contact the Chamber about the opportunities available either at home or in friendly and safer countries to transfer their investments and dealings to them.
Al-Khaldi pointed out that the number of problems faced by the Saudi investors in Turkey, especially those who were investing in the real estate sector, did not obtain ownership bonds and were prevented from entering their homes, despite having paid the full value of the property, and they are threatened by the contracting companies, and they do not receive their housing in The specific times agreed in the contracts, once again inviting businessmen to be careful not to invest in troubled countries, or that do not preserve rights or protect foreign investors, stressing that businessmen’s awareness of the extent to which countries implement investor protection measures is as important as profit accounts and loss.
10 health and safety requirements for beauty salons
25/06/2020
During a workshop in the Asharqia Chamber
10 health and safety requirements for beauty salons
During a remote workshop, which was held for the second time after the success of the first workshop, the director of development for L'Oréal Middle East, Patricia Freiha, identified a representative of the Business Women Center in the AsharqiaChamber, as a representative of the Commission of Women Workers and Centers, and in cooperation with L'Oréle Middle East, yesterday Wednesday, June 24, 2020, (10) requirements to achieve health and safety in beauty salons, and the rules for social separation, and ways to adapt to the new regulations, while allowing the return to work in beauty salons.
Fariha said, to achieve the utmost safety in beauty salons, salon owners must work to change the organization or planning of the salon internally in a manner that takes into account the rules of social divergence, and to adapt to the new regulations, by promoting the widening of the possibility of reception and waiting in the salon area, as well as adhering to public health and safety standards, By promoting hand hygiene, using masks and gloves, and wearing uniforms during customer service, as well as cleaning all tools and products after each client, and cleaning different areas of the hairdressing salon.
Fariha, by emphasizing the need for health and safety requirements inside the salons, continued, such as thermometers to measure the temperature of customers before entering, as well as the heat of work crews, and away from serving snacks, hospitality, and coffee, while providing usable materials once, in addition to removing all elements that facilitate touch it like magazines, tablets or information catalogs, as well as remove all test samples.
Fariha pointed out the importance of organizing the entry of people while maintaining a distance of two meters between them, activating the exclusive presence of customers by setting pre-dates, adapting work times, organizing employee rotation according to the new maximum capacity needed to maintain social spacing, and publishing health and safety posters, those related to explaining the method Hand washing, or how to sneeze or cough in the correct way, or how to use masks and gloves and get rid of them, pointing out to the importance of the work teams avoiding wearing their normal clothes inside the salons, but rather their commitment to uniforms and making sure to wash it daily.
At the end of the workshop, the chairwoman of the Chamber's Women and Workers Committee, Professor Shuaa Al-Dahilan, thanked and appreciated the L'Oréal team for presenting the workshop for the second time, which confirms the great success achieved by the workshop in its first edition, praising the partnership between L'Oreal and the Commission of Women Workers and Centers, noting That the goal of this partnership is to contribute to the development of the beauty salons sector in the region, by providing specialized workshops.
Al-Jabr: Recycling in the Kingdom is a promising investment project that we should benefit from it.
21/06/2020
During a direct meeting organized by the Asharqia Chamber yesterday:
Al-Jabr: Recycling in the Kingdom is a promising investment project that we should benefit from it.
50% of the Kingdom's waste is recyclable, and what is recycled is within 1%
130 million tons annually. The volume of waste makes the Kingdom one of the world's countries in electronic waste and food surplus.
The Chairman of the Board of Directors of the Recycling Company, Hisham Al-Jabr, called for waste-related legislation and regulations as they are activities that serve social issues, preserve public health, and are in line with all religious directives calling for extravagance, land architecture and maintaining working health.
He added during the meeting organized yesterday (Sunday 21/6/2020) the Center for Small and Medium Enterprises under the title (Investment Opportunities in Recycling) that recycling is mostly collected and transferred to the landfills, and it is assumed that what can be recycled is recycled, which is not This can be disposed of by the usual means, including backfilling, so what happens in the Kingdom that recycling does not exceed ten percent, and perhaps less, knowing that our collection process reaches 100%, unlike some countries that have a problem in this field, but some of them The collection percentage does not exceed 30%.
In this regard, he said that the volume of waste produced in the Kingdom amounts to 130 million tons annually, 75% of which are from organic waste, except for 18 million tons of solid waste, and 13 million tons of food surplus (420 kg per capita), constituting the largest waste of food in The world, and 50 thousand tons of medical waste at the very least, except for electronic waste, which occupies the Kingdom and the countries of cooperation the highest percentage in the world .. Noting that Riyadh Mardam alone receives 16000 tons per day of waste in its various forms, and Dammam Mardam 4500 tons per day, and unfortunately He has that most of the waste (85%) is landfill, knowing that 50% of it is recyclable to be raw materials for various other products, some of which are environmentally friendly.
Accordingly, al-Jabr believes that the issue is greater than setting up a company or launching an initiative, but we need systems and financial sustainability, and companies working in this field, collecting, sorting and treating waste, and recycling what can be recycled, knowing that such an approach faces many challenges highlighted by the absence of culture and its humility Which beliefs in the principle of recycling being alive for the earth and preventing wastefulness prohibited by the law of Islam.
He pointed out that he communicated with a hundred companies around the world, and he found that many countries are following this principle with regulations that are almost strict at times. In Japan, for example, anyone who lives somewhere is provided with a schedule for throwing waste. Paper, and so on, just as in Austria the population is obliged to sort their waste and whoever does not do so is subject to punishment and fine, while in France a decision was issued to prohibit throwing any food surplus from any marketing center, and if it is fit for human use, it is delivered to charities, and if it does not It may also be delivered to animals, and if neither this nor that is necessary, a clear mechanism must be disposed of.
He said that recycling companies get their income through several sources, the most prominent of which is the sale of the final product, or from waste collection fees, and some of them get income by the state itself, according to specific contracts, and that there is even an agreement signed by a group of countries around the world stating that each A company that reduces a certain percentage of pollution is given in exchange for money, this agreement which we hope the Kingdom will enter in the near future.
In this regard, he praised a number of initiatives that have taken place in the Kingdom, including the launch of the National Waste Center, which has special systems for organizing the collection, sorting and recycling process, and granting licenses for such operations. It has begun work and will launch its first factories early next year.
He reviewed a number of opportunities available in several fields, observing a number of challenges facing this activity, relying on presenting these opportunities on certain data witnessed by many countries of the world, which can be applied in the local market, such as agricultural waste, medical and electronic waste and food surplus, Which can be used for different industries.
Tariq Al-Tamimi: Administrative success in the ability to deepen employee loyalty to the facility
21/06/2020
In an encounter with experience, openness, and transparency, with Eastern Business youth
Tariq Al-Tamimi: Administrative success in the ability to deepen employee loyalty to the facility
Franchise business achieves an added value if the agent is the actual manager of the project
E-marketing eliminated many jobs, but it is the language of the times and the future
Successful partnerships are based on mutual trust
Volunteering is an important necessity for every company that seeks profitability in performance
The state's support for the pioneers is large and continuous, but it is looking for new, not repeated ideas
Any family business that reaches the third generation should search for new partners
This is the story of the partnership with Al-Saihati in transportation, and with Abdullah Fouad in the supermarket
Leadership and partnership, diversity in activities, then attention to the human factor, and orientation to volunteer work, are the most important reasons for the success of large companies, as they achieve the ability to face challenges and get out of them with minimal losses.
These are the most prominent points emphasized by the Chairman of the Board of Directors of Al-Tamimi Group of Companies Tariq bin Ali Al-Tamimi, in the meeting organized by Asharqia Chamber via video call yesterday evening (20/6/2020) represented by the Business Youth Council, as it touched at the beginning that trade in The stage before the unification of the Kingdom was simple, it developed with unification, i.e. almost 1930 as American companies came, after which it entered the boom stage after the high price of oil, so businessmen began entering into transactions with foreign companies more, and trade or commercial activity began to take another dimension because development in The country is in a new situation.
As for how the group was founded - Al-Tamimi says - it was founded by his father, may God have mercy on him, who was - as he describes him - an entrepreneur and an entrepreneur. He established the first gas station in Abqaiq in 1949, after which he moved his activity and launched the Dammam laundry, which was automatic that exceeded the traditional method of washing, Specially since the request was made by hospitals, and it was the oldest laundry in the eastern region. After that, entered into a contract with Aramco in 1954 a contract for the transportation of the company's passengers and an alliance with the late Ali Saihati, this alliance still exists today, bypassing the method Also traditional in passenger transportation.
In this context, Tariq Al-Tamimi says that his father met with the prominent businessman Abdullah Fouad Bubshait, and they established Al-Tamimi and Abdullah Fouad, and after a period of work the two parties reached until this partnership was resolved, the separation process did not take more than an hour, and the process took place without Lawyers without cases or courts, because the relationship between the two was personal and deep, and they were more than brothers ... Accordingly, he emphasized that the most important factors for the success of the partnerships that Tamimi achieved were due to the availability of tolerance and mutual trust.
After these projects - and talk to Tariq Al Tamimi - companies expanded, activities increased, diversified, and this diversity was one of the most important reasons for the group's continued success - after the success of God - the diversity lies in activities, each activity supports the other, and thus saves the company from collapse, especially as we are in markets You are exposed to certain circumstances in which sales decrease and profits decrease.
Regarding his relationship with this group, and his arrival at the site where he is, he said that he qualified to work through the study, which is the dream stage for any young man, and by joining the father and his colleagues in work and partnership he gained more experiences, therefore education is preparation, but experience comes with practice.
And among the success factors in the company, he said that the most important element in success is the human element, because the administrative success of any official in any company is his achievement to achieve employee loyalty to the organization, and this comes only through caring for them, giving them authority, and notifying them with confidence, so if the employee feels that the company His house, he is trained and promoted and knows that after a period of time he will have an affair in this institution here that deepens loyalty, and his productivity increases, so the issue is not only the salary, but rather is respect, appreciation, trust and deepening the feeling that he is part of this system that he works in .. stressing That the Saudi citizen does not only care about the salary, but searches for an environment that makes him, if he returns home, see himself influential in the company he works in, because the environment in which he works is attractive, and any citizen who gives him a high salary without an environment that will not achieve productivity.
Al-Tamimi criticized the situation of layoffs as a result of the circumstances and said that this is the easiest way to confront, while supposed to search for the company for mechanisms and plans to get out of the crisis with minimal losses, and that losing an employee means losing experiences, training courses, experiences, etc.
On the story of establishing Al-Tamimi markets, he said that he was with his brothers in the United States of America and their father was visiting them, and he saw a huge commercial center there and compared the situation in the country where there are only small groceries, and that was in the year 1979 so it was only to contact his colleague Abdullah Fouad, who immediately came and took the center's step (supermarket), so its launch was an added value to the Saudi market, and now any Saudi commercial center that opens in America can compete and strongly too.
He stated that the value of such a center lies in the fact that it provides basic commodities to citizens, in that it differs from luxury goods such as perfumes, cosmetics, and the like, so we found these centers how they were effective during the pandemic period.
The meeting, moderated by Ibrahim Al Suhaibani, a member of the Business Youth Council, touched on the issue of the commercial franchise. Al-Tamimi mentioned that it is an important issue that gives added value, but his success is conditional on the one entrusted to the one who runs it himself, not to bring him external elements that carry out this task ... explaining that the project " Tamimi Markets "will grant the concession to a number of entrepreneurs in Saudi regions, but the basic condition is that whoever owns the concession must be the actual manager of the project.
Regarding entrepreneurs, Al-Tamimi said that entrepreneurs are citizens, and the citizen is the most important wealth that the state takes care of and care for. Looking to support new and unrepeated ideas that have added value to the national economy ... pointing to a position that took place when two Saudi youths came to them and had a new idea for purchases, so he entered with them - in the name of the group - a partner and obtained impressive results and achieved good returns, so every company wants New ideas, and the market is open to all.
In this regard, he pointed out that dozens of projects owned or supervised by expatriates are now available to citizens and entrepreneurs, who must take the initiative to seize these opportunities.
On family companies, Al-Tamimi said that any company that reaches the third generation must take one of two stances, either to attract other partners or to enter the stock market, this is a guarantee of its continuing to give, and this is the direction that the Al-Tamimi Group is heading.
With regard to electronic marketing, he said that he has eliminated many job opportunities, but it is the language of the times and the language of the future.
For this part, the Chairman of the Business Youth Council Fahd bin Abdullah Al-Farraj said that this meeting falls within several activities and programs implemented by the Council to transfer the experiences of pioneers and adults to the next generation of entrepreneurs and young businessmen, and my experience program is one of these programs through which the experiences and stories of the successful and inspiring are reviewed and transferred to pioneers And the pioneers of business. Noting the experience of Mr. Tariq Al-Tamimi, which is part of the economic history of the eastern region, an extension of the biography of his father and fellow businessmen, including those who moved to the mercy of God and some of them are still struggling to serve this giving country.
Asharqia Chamber reviews the returns on investment in artificial intelligence technologies in the restaurants and cafes sector
19/06/2020
In a series of technology solutions meetings
Asharqia Chamber reviews the returns on investment in artificial intelligence technologies in the restaurants and cafes sector
Asharqia Chamber, represented by the Hospitality and Recreation Committee, yesterday, Thursday, June 18, 2020, reviewed the benefits of using artificial intelligence and employing and analyzing data on the restaurants and cafes sector, during a remote meeting, in which the co-founder and CEO of Quant Data Analysis Company attended, Mr. Ahmed Saeed Bukhamseen, and it was titled (Investing in Business Intelligence and Artificial Intelligence Technologies in the Restaurants and Cafes Sector) and was attended by the Vice-Chairman of the Chamber’s Hospitality and Recreation Committee, Hamad bin Mohamed Bouali, who considered the topic of the meeting to be one of the topics of great importance in the high growth rates of the sector, He praised the company and those responsible for it, saying: It is a pride for every Saudi to achieve successive successes.
A large number of owners of restaurants and cafes in the eastern region participated in the meeting, and it was moderated by a member of the Hospitality and Recreation Committee, Mr. Khalid bin Saleh Al-Mudyan, who pointed to the great growth that the restaurants and cafes sector is witnessing in the Kingdom, and it comes as the second most important sector in terms of Emiratisation or Local content or training, pointing to the increase in the uses of the business and artificial intelligence in the world, with an expenditure amounting to about $ 57 billion.
On this part, Bukhamseen said, that all restaurants possess a legacy of data but they are idle, despite the possibility of using them through analyzing them and benefiting from them in knowing the growth paths and weaknesses and then working to strengthen them, and pointed out that the uses of artificial intelligence and data analysis in various sectors expand one day from a day in the whole world, and among these sectors is the rapidly growing restaurant and cafes sector in the Kingdom, pointing out that the analytical cloud platforms will help restaurant and café owners in making decisions, as they generate reports on all departments and products, and thus achieve streamlining in operations management, Performance improvement, as well as helping to increase sales, interact with customers and reduce costs.
Bukhamseen explained that analytical cloud platforms are platforms whose inputs depend on point of sale platforms and that their outputs are in the form of descriptive and predictive reports that enable restaurant owners to accurately read business paths, products, and market trends, as they provide a comprehensive view of the store and evaluation and advanced analysis of products whether In terms of profitability or pricing, in addition to recommendations about offers and improving inventory management, indicating that data analysis using artificial intelligence has more than an investment return on the business sector, it shows market trends and growth rates as well as the share of market applications, through sales analysis, Thus the most used applications are shown by region.
Representatives of the Ministry of Investment review ministerial efforts to support business continuity during the Corona crisis
19/06/2020
In a meeting organized by the Asharqia Chamber yesterday, Thursday:
Representatives of the Ministry of Investment review ministerial efforts to support business continuity during the Corona crisis
Al-Suwail: We communicate with all government agencies to support continuity and overcome challenges and support activities
The Ministry was keen to seek the views of investors and discuss with them solutions
Al-Saadi: Carrying out continuous awareness campaigns and questionnaires to know the challenges facing investors
Investor Services and Consulting agent and supervisor of the response center reviewed the Corona crisis at the Ministry of Investment Ibrahim Al-Suwaiil The efforts of the Ministry of Investment during the crisis of Corona (COVID 19) through touching on four topics or initiatives undertaken by the ministry through the crisis response center, and what has been done through it .. indicating that the ministry since the beginning of the crisis has established This center is to provide assistance to investors in the Kingdom and support business continuity during this period, as the center works to communicate with investors in the Kingdom around the clock, by allocating effective electronic communication channels and answering questions raised by investors.
He added during a meeting organized by the foreign investment committee in the chamber and managed by the committee chairman and member of the board Saadoun bin Khaled Al-Atish Al-Khaldi that the center has made a number of “virtual” seminars for the purpose of raising awareness for business continuity, since during the past months 5 seminars were organized, with the participation of 25 government agencies, during which he spoke 33 experts, attended by more than 500 people.
In the context of support and communication, the center received - according to Al-Suwail - 12920 calls from investors and the center made 13319 calls to follow-up and answer questions, provided about 2346 services, and completed 845 licenses
He stressed that the center has conducted a study to seek the views of investors in the Kingdom on the challenges that affect business, and included more than 1,800 investors, representing 11 investment sectors in the fields of industry, information technology, financial services, logistic services, and media.
He expressed optimism about the investment situation in the Kingdom during the first quarter of this year, and considered it a continuation of the successes achieved by the investment environment during the past year 2019, as the first quarter of this year was the most active period in the Kingdom since 2010, as the number of licenses for foreign investment projects reached 348 licenses (73% of which are entirely foreign projects), an increase of 19% over the similar period of last year, and 20 over the fourth quarter of last year,
The Executive Director of Investors Business Solutions Department, Majid Al Saadi, said that the Response Center is an initiative presented by the Ministry of Investment to overcome the challenges that investors may face due to the current situation, as well as facilitate their work, as the center communicates with investors in order to identify the challenges and difficulties they face in the investment process, And providing all the necessary information to them through the various communication channel.
In this field, the ministry represented by the center analyzes and sorting problems according to priority, coordinating efforts with the main government agencies, monitoring daily performance and preparing reports, providing information through the ministry platform, communicating information with ministries and other government agencies, conducting awareness campaigns, and sending questionnaires to know the challenges facing investors.
In order to reach positive results in this regard, the Ministry has worked to make the internal environment suitable for receiving auditors, and by virtue of the current circumstances, it has made its effort to solve technical problems among employees and strive to convert all services to become electronic, in coordination with all partners.
He pointed out that the center monitored 93 challenges facing investors, 58 incentives for investment, and dealt during the period of the Corona with 276 cases, which resolved 271 of them, which confirms the ministry's keenness to deal with the pandemic in a scientific way, it is sufficient that the ministry communicates with 35 different government agencies, all of which carry Initiatives to support business continuity, all geared towards this goal
He pointed out that the ministry prepared and published 151 lists and regulations during the past year, which, were able to solve many problems and challenges.
A member of the Chamber’s Board of Directors and Chairman of the Foreign Investment Committee Saadoun Al-Khaldi who ran the dialogue in both Arabic and English has made it clear that the pandemic was a major challenge faced by the Kingdom represented by all government and private agencies, and we hope to reach a better situation in the post-pandemic periods.
He expressed his hope to address the comments made by investors, especially in the eastern region, which includes in its aspects three ports, and five industrial cities, and it is the most attractive region for foreign investment, especially in the fields of industries related to oil, energy, and petrochemicals.
For this part, the member of the Board of Directors of the Asharqia Chamber Ibrahim Al-Sheikh expressed his hope to achieve more local and foreign investments in various economic activities, especially with the countries with which we have agreements to prevent double taxation.
Attorney Al-Nashmi: The real estate documentation activity is still fresh, aiming to reduce pressure on the writings of justice
18/06/2020
In a direct meeting organized by the Asharqia Chamber:
Attorney Al-Nashmi: The real estate documentation activity is still fresh, aiming to reduce pressure on the writings of justice
A paradigm shift made by documentaries during the Corona crisis
"Agencies," "blanks" and "financial returns" The most prominent services of real estate.
The lawyer and notary Musa Al-Nashmi said that the real estate authentication service launched by the Ministry of Justice since 1437 to provide services for a number of services in order to alleviate the sites of notary writing is conditional on the geographical scope (spatial jurisdiction) of the documenter on an area of ten thousand square meters while allowing the service to be provided outside the scope But with an area of 2500 square meters.
Al-Nashmi stated in a direct meeting organized by the Asharqia Chamber represented by the Real Estate and Urban Development Committee (yesterday, Tuesday 16/6/2020) that four outstanding services are performed by notaries (whose number in the Kingdom is more than 2000 notarized), the first of which is: "real estate emptying", emptying of the buyer And foreclosure, foreclosure, and correction, which is the same service that the notary provides, except that the documentation is done in return for a fee, and what is provided in the notary is free.
As for the second service that the real estate documenter provides, it is the "legal agencies", whether for individuals or companies, and the documenter can be directed to do so or invite the notary to come, and the service is provided to Saudi citizens and residents as well.
As for the third service, according to Al-Nashmi, it is “financial returns”, where the creditor and the debtor can come with the notary to prove the amounts of the amounts and the dues, through this acknowledgment, it is possible to go to the implementation authorities in the event that the debtor is delaying the obligation with the consequent consequences, without Resort to the trial judge and go directly to the courts of execution, and the advantage in this declaration is that it has no jurisdiction, as it can be an existing paper for the creditor or his heirs after him.
He added that one of the services that the binder can implement are the contracts of founding companies .. stressing that entering the documentation service is a qualitative shift in the markets, especially in the real estate market .. expressing his surprise that many businessmen are not aware of entering this service in the market, despite the announcements Many of the Ministry of Justice, except that the Corona crisis has stimulated activity in this area, and the demand for what the notaries provide to beneficiaries has increased, in light of the period of suspension from work in the Sharia courts.
He drew attention to the issue of the spatial competence of the documenter, as he could not empty real estate in his area with more than 10 thousand square meters, and more than 2500 square meters outside it, in addition to that the real estate documentation activity .. It is expected that new decisions will be issued by the Ministry of Justice to amend such procedures and increase the areas Within and outside the range, depending on the increased demand for notary services, and we hope that this will be soon, as the Ministry has stated this, and based on the fact that the ministry is looking to better bring out this service, especially as it is still new to the market.
Regarding the financial compensation that the notarized will receive from the beneficiary, he said that it is a non-profit amount, rather it is a service provided by notaries (and most of them are lawyers and graduates of law or Sharia), and that this amount is only part of the services provided by the offices to citizens, and what the ministry takes is an amount It is fixed, and more than that is in favor of the notary, and these fees decreased during the Corona crisis, which increased the demand for documentation services.
He pointed out that the documentary deals with electronic instruments, without the old ones that have not been updated, and it can sell or empty the instrument in whole, or in part if the instrument is sorted according to the parts, and if it is common, the system treats it as an instrument for one piece of land.
He stated that the payment mechanism in the event of emptying the property is done through three means, which are: “The certified check stating the reservation of the amount, the bank transfer, the donation”, and the paper check is not dealt with.
In the event that the property is in the name of a person and passed away, the binder cannot void it, but rather it is done by writing the justice, especially as it relates to various procedural processes, which are not among the tasks of the binder from the original.
In answer to a question: "How do I become documented?" Al-Nashmi said that the Ministry has set a number of conditions for those who wish to work in this field, which made - as has already been said - to relieve the writing of justice, most notably that those who wish to work in this area have a degree in Sharia or law, and to attend a hundred-hour training program, And pass the personal interview, which focuses on issues of understanding laws, and has nothing to do with other formal issues.
The dialogue session was moderated by Chairman of the Real Estate and Urban Development Committee, Eng. Hamid bin Hamri.
"Zakat and Income Tax ": The transitional stage for VAT continues until June 2021
18/06/2020
In a meeting organized by the Asharqia Chamber yesterday:
"Zakat and Income Tax ": The transitional stage for VAT continues until June 2021
Al-Harbi: Everything imported after June 30th is subject to 15% tax
Air tickets (round trip) are not subject to VAT
Electricity and water bills tax issued after July 1 is set at 15%
Commercial leasing (if its revenues exceed 375 thousand annually, it will be 15% as well.
Advisor to the Authority’s Deputy Governor for Operations, Hammoud bin Abdullah Al-Harbi, said that the transitional phase of the value-added tax, which was set at 15%, will continue until June 30, 2021, starting on May 11, indicating that defining the transitional phase is a necessity to address long contracts concluded months ago. , Which persists for more than 12 months, This was made clear in a direct meeting entitled "Transitional Provisions to Increase the Basic Value Added Tax to 15%", which was organized by the Commercial Committee of the Asharqia Chamber yesterday (Wednesday 6/6/2020), with the follow-up of more than 400 people, indicating that the value-added tax is Imported goods will be applied with the date of import. If the import was made before the end of June 30, 2020, a rate of 5% applies to it. If the import is made after this date, the modified percentage is applied, which is 15%.
During the meeting, which was chaired by the Chairman of the Chamber of Commerce in the Chamber, Hani bin Hassan Al-Afaliq indicated that the goods imported from the countries of the Gulf Cooperation Council are taxable, and will be 15% after the first of next July, if the goods were brought for a commercial purpose, pointing out that the agreement with the GCC countries In the transitional phase, it provides for the establishment of an electronic system for tax supplies in the countries applying the tax, but this electronic system has not been implemented now, and therefore the agreement between the states stipulates the treatment of Gulf countries such as countries outside the GCC countries, such as imports from other countries (such as China and France For example), therefore, goods from the GCC after 1 July will be subject to 15%.
He pointed out that airlines can issue tickets after a 15% tax deduction for the service provided after July 1, knowing that international airline tickets and foreign hotel reservations are "zero."
He pointed out that the conclusion of contracts with government agencies includes "award letter" so that the transitional phase of the new tax applies to it as soon as it is issued before May 11.
He pointed out that commercial leasing is subject to value-added tax if revenues exceed 375 thousand annually, and that the electricity and water bills issued after July 1 will be 15%.
And in the case of contracts between a facility registered in the value-added tax with a government agency, it is noteworthy that if the contracts before May 11 and continuous supplies until after July 1 next, a 5% tax will be applied to them until the date of expiry or renewal of the contract or the date of June 30, 2021, noting Until contracts from May 11 to June 30, 2020, the tax is applied at 5% if it was physically supplied before the end of June 30, while the tax applies at 15% if it was actually received on or after July 1, 2020. In the same case, if it is done Contracts between two establishments registered in VAT before May 11, 2020, and continuing supplies until after July 1, 2020, give the customer the right to deduct the input tax in full, where the tax is applied at 5% until the date of expiry or renewal of the contract or the date of June 50, 2021, and in the event Contracting from May 11 to June 30, 2020, the tax is applied at 5% if it was physically supplied before the end of June 30, 2020, and the tax applies at 15% if it was actually received on or after July 1, 2020.
He added that if the tax bill is issued before May 11, 2020, and the supply related to the bill was issued on or after July 1, 2020, it will be applied at a rate of 5% on that supply provided that the supply is actually done before the end of June 30, 2021, while the tax bill issued from the date of May 11 to June 30, 2020, is applied at a rate of 5% in the event of an actual supply before the end of June 30 and a tax of 15% is applied if the supply was made on or after 1 July 2020.
The Chairman of the Asharqia Chamber: Aramco's acquisition of a majority of SABIC shares is a historic deal that supports the Kingdom's economic transformation
17/06/2020
The Chairman of the Asharqia Chamber: Aramco's acquisition of a majority of SABIC shares is a historic deal that supports the Kingdom's economic transformation
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, valued the deal for Saudi Aramco to acquire a majority stake in SABIC from the Public Investment Fund, at a rate of 70%, at a value of $ 69.1 billion, describing it as a historic deal that supports the vision of the Kingdom’s economic transformation and provides new options To increase spending and boost growth.
Al-Khaldi emphasized that it is a deal that will provide greater opportunities for development and realizing added value from the two industries, whether the oil and gas or petrochemical industries, offering congratulations on behalf of himself and another business sector in the eastern region to the three parties to the deal (Aramco, Public Investment Fund, and SABIC), to complete these the deal, which gives the two companies several added values that support their growth in global markets.
Al-Khaldi said that this deal represents a watershed in the historical march of the two companies and a huge industrial tributary that supports the vision of 2030, by maximizing the non-oil economy, as it strengthens the position of Aramco in the petrochemical sector and supports strategic integration, and is in line with its goals to expand and diversify the scope of its business and sources of income, especially in light of that global growth of this vital sector, on the other hand, supports SABIC's position as a global company for the basic materials for the petrochemical industries.
Al-Khaldi pointed out that SABIC’s arrival in more than fifty countries around the world supports Aramco’s plans towards growth and expansion to be an oil, gas and petrochemical company, expected that this deal that supports the vision’s goals will result in promising opportunities, whether in terms of growth and maximizing the value of the two companies or With regard to strengthening both investment opportunities in front of the business sector, as well as career opportunities in front of the national workforce.
The Chairman of the Asharqia Chamber: The continuous rise in global competitiveness reports confirms the Kingdom's ability and continuity in providing a supportive and stimulating environment for competitiveness
16/06/2020
The Chairman of the Asharqia Chamber: The continuous rise in global competitiveness reports confirms the Kingdom's ability and continuity in providing a supportive and stimulating environment for competitiveness
The Chairman of the Asharqia Chamber, Abdul-Hakim Bin Hamad Al-Ammar Al-Khaldi, praised the Kingdom’s continuous progress in the report of the annual book on global competitiveness (2020 IMD), issued by the Global Competitiveness Center of the International Institute for Administrative Development in Switzerland.
Al-Khaldi said: (The Kingdom’s progress and transition from 26th to 24th place in the Global Competitiveness Report for the year 2020, despite the circumstances of its confrontation with the Corona pandemic, it confirms, on the one hand, the extent of the effectiveness and firmness of the reform paths approved by Vision 2030, and on the other hand confirms the Kingdom’s ability and continuity in providing an environment Supportive and motivating competitiveness according to the best international standards), indicating that the Kingdom is in a constant rise in the competitiveness file, and it is thanks to God first and then the system of complementary work between all government and private agencies, advanced this year and also advanced last year from 39 to 26 rank.
Al-Khaldi extended his thanks and gratitude to the position of the Custodian of the Two Holy Mosques and his loyal Crown Prince for the support and care they provide to the business sector, and to all parties that did not spare an effort towards improving the kingdom's ranking in global indicators interested in the business sector, confirming that the national economy In the case of continuous development, and it is one of the major economies in the world, whether in terms of its internal growth rates or its capabilities to influence the global economy.
Al-Khalidi pointed out that the Kingdom has made exceptional progress in this year's report, as it came according to the report. In the eighth position among the G-20 countries, so that it surpasses countries such as Russia, France, Japan, and others, which, besides the feasibility of reforms and their positive returns on the national economy, are indications of insistence to complete the process of economic diversification launched by the vision.
The Kingdom has also achieved, in the Competitiveness Report for the year 2020, a significant improvement in three out of four main axes included in the report, namely: The axis of economic performance in which the Kingdom progressed from the 30th to the 20th ranks, the axis of business efficiency and advanced in it from the 25th to the 19th ranks, and the infrastructure axis in which it advanced from the 38th to the 36th rank.
Asharqia Chamber anticipates opening beauty salons by reviewing health and safety standards in order to achieve a safe return
16/06/2020
Asharqia Chamber anticipates opening beauty salons by reviewing health and safety standards in order to achieve a safe return
Asharqia Chamber of Women Business Center, represented by the Committee of Women Workers and Centers, in cooperation with L'Oreal Middle East, during a remote workshop, on Monday, June 15, 2020, reviewed the standards and requirements for achieving safety and public health in beauty salons, with a view to a safe return when re-allowed to open.
The chairperson of the Chamber's Women’s Workers and Centers Committee, Professor Shua'a Al-Dahilan, welcomed the attendees from the owners of beauty salons, and the team of L'Oréal to present them the workshop, praising the partnership between L'Oréal and the Commission of Women’s Workers and Centers, noting that the goal of this partnership is to contribute to the development of sector Beauty salons in the region, by providing specialized workshops.
For this part, Patricia Freiha, Director of Development Middle East, Patricia Freiha, said that one of the requirements for achieving a safe return, whether for customers or work crews, is to start working on changing the organization or planning of the salon internally to take into account the rules of social divergence and to adapt to the new regulations, by promoting expansion. It is possible to receive and wait in the salon area and then adhere to the general health and safety standards, such as enhancing hand hygiene, using masks and gloves, wearing uniforms during customer service, as well as cleaning all tools and products after each customer and cleaning the different spaces in the hairdressing salon.
Fariha stressed the need to provide health and safety requirements inside the salons, such as thermometers to measure the temperature of customers before entering, as well as the heat of work crews, masks, gloves, and sterilizers necessary to provide them in various places within the salon, and to avoid providing snacks, hospitality and coffee while providing usable materials once one, as well as the removal of all the elements that are easy to touch or tablet devices such as magazines or catalogs of information, as well as the removal of all test samples.
Respecting the rules of social divergence inside the salons correctly, Fariha stressed the necessity of organizing the entry of people while maintaining a distance of two meters between them and activating the exclusive presence of customers by setting pre-dates to reduce the number of people in the salon, in addition to reconciling the working hours of employees, pointing out the importance of working on Adapting work times and organizing employee rotation according to the new maximum capacity needed to maintain social spacing, accompanied by the reorganization of workspaces in the styling and hair washing area and outfitting it by providing an empty space between the customer and the other.
Fariha called for the importance of spreading health and safety posters related to explaining how to wash hands, or how to sneeze or cough in the correct ways, or how to use masks and gloves and dispose of them properly, in various parts of the salon, and recommended that Fariha, salon staff in the event of their inability To leave a safe distance between them and customers, using Face Shield masks, in conjunction with frequent hands cleaning with hand or water-based antiseptic, and the ability to provide masks to customers to increase the level of protection during work, pointing out the importance of avoiding work crews wearing their normal clothes inside the salons, rather, their commitment to uniforms and to make sure to wash it daily.
For this part, a healthy mentality coach, Jocelyn Elias, presented general incentives on how to adopt a positive mindset, thinking that success is an option and a decision that is deliberately choosing to do something different daily, advising that the individual spends at least five minutes a day to meditate. , While making sure to eat clean and healthy food and avoid bad news.
Banker Expert: Small and medium enterprises in front of several options for funding
15/06/2020
In a meeting organized by the Youth Business Council of the Asharqia Chamber:
Banker Expert: Small and medium enterprises in front of several options for funding
The Vice President of Emerging Business Banking at Riyad Bank, Madha Al-Shammari, stressed the necessity to deal with the current economic situation completely objectively. Calling for plans for financing and management, based on consulting with partners, thinking outside the fund, and diversification in everything.
This came during a remote meeting organized by the Asharqia Chamber represented by the Business Youth Council (Sunday 6/6/2020), as he said that any economic establishment (small, medium or large) is well aware of the existence of certain risks, which may be out of control, and maybe sudden and not Expected, such as market changes, price fluctuations, and therefore it must be at the level of the event in the management of cash flows and cost management and the like. Noting in this area that these economic cycles provide - as well - many opportunities, difficult circumstances create unexpected opportunities It may be valuable, except that the most important thing is our reaction - as institutions - and how we deal with it. We must put in place clear "scenarios" toward the crisis and the assumption of its expansion.
Al-Shammari indicated in the meeting moderated by Abdulaziz Al-Bassam, a member of the Youth Business Council, that small and emerging institution in particular - are obligated to develop specific plans for the future, and that they are based on consultations by internal partners (employees) and external (suppliers and customers) alike, and away from The unilateral decision, whatever the circumstances, and that we clearly put its financing options before we reach the crisis.
He stated that adapting to the circumstances comes from setting plans for diversification in everything, in contracts (long, short, and medium), in sources of raw materials, activity (selling, buying, maintaining, importing ... etc), in the workforce, and in partnerships, diversification is a source of strength and source guarantee of continuing.
Al-Shammari pointed out in this field that the institutions are concerned with benefiting from all the initiatives presented by government institutions, especially at the financing level. All government agencies have undertaken initiatives aimed at supporting the economy, maintaining the continuity of the activities of the institutions, and then preserving their gains ... noting a number of programs that It was provided by the Saudi Arabian Monetary Agency, which aims to provide liquidity to companies, especially small ones, with which banks responded, including postponing financial claims for a period of six months, and bearing the payments due from the guarantee program, and so on.
He added that the banks interacted with the initiatives of the institution and postponed the payments not covered by the initiatives of the institution, and even increased the scope of their support for small and medium enterprises, including facilitating lending procedures, and providing more technical consultations, therefore the opportunity at the present time is available for small and medium enterprises to benefit from the banks' programs that Do not set any additional requirements, as it is sufficient for the beneficiary to have a working bank account statement, through which he is entitled to financial support from the bank that does not even require financial statements ... expressing a note that some small and medium-sized institutions confuse the personal account and the commercial account, so it deprives itself of Funding opportunities by the bank, which loses the ability in this regard to separate personal expenses from commercial activity.
Accordingly, Al-Shammari sees the need for small and medium enterprises to benefit from these initiatives, by consulting those involved and making decisions and setting specific plans ... explaining that the abundance of liquidity is not only from funding, because financing solutions are diverse, including amending some agreements with suppliers, increasing the number of partners, Extending the periods of repayment, borrowing or investment, mergers, as well as the presence of financing channels and programs implemented by some government agencies for emerging facilities in particular, and all of these options are available to companies.
In this regard, Al-Shammari called on companies to place financing options within their initial plans, and do not wait for a specific crisis during which they are in urgent need and then search for options .. suggesting that resorting to borrowing or dealing with banks or financing bodies should be done in order to develop the activity and that The beginning is with little capital until the idea's worthiness and success are confirmed.
He praised the existing solidarity and great cooperation between the various sectors to confront the pandemic ... pointing out that the financing of small and medium enterprises was at 2% of the total financing when the vision of 2030 appeared and the hope was that we would reach 5% in the current year 2020 so it was reached the last year 2019 and was Achieving 7% at the beginning of this year, and we hope to reach the specified percentage in the vision during 2030, which is 20%.
Asharqia Chamber and "Zakat and Income Tax" organize a workshop on dealing with the tax increase
15/06/2020
Asharqia Chamber and "Zakat and Income Tax" organize a workshop on dealing with the tax increase
Asharqia Chamber, in cooperation with the General Authority of Zakat and Income, on Wednesday evening 6/17/2020 corresponding to 10/25/1441, is organizing a workshop on "Transitional Provisions to Increase the Basic Value Added Tax to 15%" which aims to provide a comprehensive overview of how to deal with contracts and invoices exported tax and imported shipments.
Speaking during the workshop, which is held at nine o'clock at night, and transmitted directly through one of the social media applications, Advisor to the Deputy Governor of the Authority for Operations / Professor Hammoud bin Abdullah Al-Harbi, to show all developments and mechanisms for applying the tax after the new increase. The meeting will be moderated by the Chairman of the Chamber's Commercial Committee, professor Hani bin Hassan Al-Afali.
Asharqia Chamber is discussing today the necessary health guarantees for professionals and customers when resuming beauty salons
14/06/2020
Asharqia Chamber is discussing today the necessary health guarantees for professionals and customers when resuming beauty salons
Today, June 15, 2020, Asharqia Chamber of Women Business Center, represented by the Committee of Women Workers and Centers, in cooperation with L'Oréal, during a workshop entitled (Safety and Public Health in Beauty Salons), will be discussed remotely, at eight o'clock in the evening, the necessary health guarantees for professionals and customers upon resumption of activity After the Corona pandemic, the trainer, Patricia Freiha, Director of Development - L'Oreal Middle East.
The workshop aims to provide comprehensive explanations of the precautionary and preventive measures that must be taken by the owners and owners of beauty salons with the resumption of doing business, in order to preserve the safety and health of clients and workers, as well as to provide a positive mental accreditation exercise, provided by the specialist and mental health coach, Jocelyn Elias.
Asharqia Chamber highlights labor accommodation, its current challenge, and proposed solutions
13/06/2020
During a remote workshop, with the participation of representatives from several government agencies,
Asharqia Chamber highlights labor accommodation, its current challenge, and proposed solutions
Asharqia Chamber shed light on the challenges facing labor housing, and the administrative and organizational procedures necessary to improve and develop labor housing in line with safety requirements in accordance with the best international standards, during a remote workshop, which came under the title (labor housing - current challenges and common solutions), and participated by representatives From several government agencies, and the head of the Asharqia Chamber, Mr. Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and several businessmen from the region, attended the day before yesterday, Thursday 11 June 2020, which was managed by the head of the Chamber's commercial committee, Mr. Hani bin Hassan Al-Afaliq.
The Secretary-General of the Ministerial Committee for Organizing Labor Housing, Dr. Ahmed bin Jamil Qattan, said that there is a political and executive will to bring about a comprehensive development of labor housing, and that the committee is supportive and supportive of facilities until access to employment housing that meets all the requirements of safety and the environment required, pointing out that leadership has formed By supreme order, a committee whose mission is to organize workers ’housing in the Kingdom is chaired by His Excellency the Minister of Municipal and Rural Affairs, and it includes more than one government agency, and has worked to take several quick measures regarding the Coronavirus to reduce its spread among workers, and other measures that take into account the long-term development and organization of worker housing On the issuance of a regulation pertaining to labor housing licenses, and that the new license will be (a labor housing license), as well as allocating land and offering it to local investors to build housing units for workers.
Al-Qattan stressed that the issue of workers housing within the urban space was studied and all the perceptions about it were taken to come out with the best formula for it, in line with safety and environmental procedures and providing a decent life for the worker, noting that there are procedures related to the pandemic with what it represents in an emergency, such as working isolation rooms inside Employment housing and employment examination twice a week and other procedures that the committee followed until the rate of growth of HIV infections among employment has decreased significantly, and there are other sustainable provide the organization and full protection for foreign workers, which will come in the form of spatial and technical requirements to be announced in the near future.
Al-Qattan pointed out that the ministry provided medium-term solutions to support the owners of enterprises, especially in the contracting sector, to overcome the challenges of housing for labor by allowing housing within the project to keep pace with the requirements, stressing that the Ministry of Municipal will not take sudden decisions that harm the owners of enterprises, but will give the owners of the time Sufficient to adjust their conditions in line with the requirements that will not differ greatly from the previous, pointing out that the visions of the Ministry are to organize what is already in place and open the way for investment in new housing units for workers that meet all safety requirements.
For this part, the Undersecretary of the Ministry of Human Resources and Social Development for Labor Affairs, Abdul Majeed bin Mohammed Al-Rashoudi, said that the employment housing file is one of the files that has received a high priority within the quality of life program in light of the Kingdom's 2030 vision programs and that the Corona pandemic played a role in accelerating the pace of work on this The file and tackling all its challenges, pointing out that creating an appropriate environment for workers' housing represents an attractive factor for employment in light of the objectives of the investment vision.
Al-Rashoudi pointed out to the initiative to prove housing for employment, saying that it is a national initiative that will be the way to reach a suitable housing environment for workers and that it was launched in light of the pandemic conditions, and keep pace with the precautionary and preventive measures taken by the state to limit the spread of the Coronavirus, as it is a first stage that will be followed by stages Others, in order to achieve an adequate employment housing compatible with public health requirements.
On this part, the deputy general manager for the commissioning of industrial cities, Eng. Majid bin Abdullah Al-Shathri, said that the Saudi Commission for Industrial Estates and Technology Zones “MODON” had made great efforts since its establishment in organizing residential areas for migrant workers in industrial cities, and during the Corona pandemic the experience of “MODON” emerged. Successful in creating a suitable housing environment through housing complexes for workers with high specifications and compatible with health and safety requirements, noting that “MODON” considered that the workers ’housing areas enjoy all the specifications and planning and construction standards that provide a safe and full-service residential environment, pointing to the importance of participatory work Between "cities" and employers and operators of residential complexes to raise the level of compliance with the relevant regulations and procedures in workers' housing.
With regard to the Corona crisis, Al-Shathri pointed that the Commission and to address the challenges recently launched an initiative to housing workers temporarily inside the plant according to a set of requirements and preventive health controls, and work underway on the development of regulations housing employment in the industrial cities and provide housing solutions with high quality in partnership with the private sector.
A consultant stresses the need to attract investors and bold capital to support the pilot project
10/06/2020
In a remote meeting organized by the Asharqia Chamber,
A consultant stresses the need to attract investors and bold capital to support the pilot project
The consultant specializing in the affairs of small and medium enterprises Osama Al-Salloum stressed the importance of attracting investors with the aim of supporting the entrepreneur through partnership in his project, as an important option for the continuation of emerging entrepreneurial projects, displaying a set of conditions that achieve this purpose, and include its results ... referring to the importance of communication with family Friends, angel investors, and bold venture capital institutions.
This came during the meeting organized by the Asharqia Chamber represented by the Center for Small and Medium Enterprises Development on Wednesday (10 / June / 2020), titled: (How to Attract Investors), as Salloum mentioned that the entrepreneur is the one who "has a solution to an existing problem, in an innovative way, and achieves benefit Materialism, "and thus the pilot project is the one who has the solution to a specific problem through an innovative implementation process, of the scalable project.
Through this, this entrepreneur may be able to persuade other parties to invest with him, or to share in his investment process, or to support his entrepreneurial project, but this is done according to several conditions, the most prominent of which is to persuade them, and this is only possible if he is aware of himself (experiences, Certificates, sources of strength) as well as the status of his company, its age and the size of the market in which it operates, provided that all this is presented in numbers, which are indicative of self-awareness, so these are the first steps in developing a pioneering project to persuade investors.
As for the second step, it is to know the other investor who "believes in you or your project, and then decides to risk you with your financial support, in exchange for a share of the ownership of the project." It is not easy for any investor to be persuaded to work with you, without knowing or standing on a solid land who knows his share of The process, and most investors of this kind taking this step in exchange for a specific stake in the project. Noting that there is a big difference between a supporter of the project and his financier, and after a certain period of time, he requests that the support funds return, and whoever enters into the project and the risk with him, the former is called "funded", while the second is a partner in exchange for a share.
Consequently, an entrepreneur who wants to attract investors must submit an offer that guarantees their persuasion of the feasibility of entering into this project, so this offer must include the problem that the project adopts and seeks to solve in the market while touching on the current situation, and its image is that the company made to achieve a quick profit, Or to postpone the increase in profits for the sake of expansion, and this offer must have a look at the size and value of the market in which it operates, and the task that the project achieves, "and all of this should be in numbers ... stressing the importance of realism and honesty in this regard, and that it be The numbers are documented from certified sources.
Then Salloum moved on to talk about the segments of the investors, and he turned to what he termed as the "angelic investor", the person whose mission is to invest in startups, has financial support capabilities, and experience in the field of work that he aspires to support, and extensive relationships that help any company that supports them to expand Perhaps the advantage of this person is that his decision is in his hand, which is often not clear and unknown, but by entering into any activity you find from this sample those who wish to support and enter into investment in activities that they can support, and have experience in its field, and therefore they are waiting for a return, as a result, this support.
And the second sample of investors is "family and friends", who should be dealt with accurately, far from any different names and away from investment, so the entrepreneur must set his goal, write a contract, and explain the risks honestly and transparently.
The third sample, which the lecturer emphasizes the necessity of communicating with is "bold capital", which means certain companies that exercise their role in investing in emerging entrepreneurial companies, so they may be at the beginning of projects, or in the final stages of them, so the entrepreneur must know the sector that can Through it, support is obtained, and this is done through reviewing the companies that attracted the bold capital, and the way they deal with them, and it is not prohibited to consult those with expertise in this regard. In this regard, the lecturer provided a number of points that he deems important in this regard, including: " Not relinquishing more than 20% of the project to any investment round, merging more than one party into the investment process, personal entry by placing part of the amount, linking the investment to a business contract or a joint venture, and reducing the value of the project.
At the end of the lecture, he stressed the non-surrender in the event of the investor's refusal, controlling performance, and not being afraid of the judgment of others.
Human rights: programs for empowering women in the legal field are guaranteed by the Kingdom's regulations
10/06/2020
Human rights: programs for empowering women in the legal field are guaranteed by the Kingdom's regulations
The Director-General of the Human Rights Commission Branch in the Eastern Region, Nawal Bint Refaat Al-Bawardi, said that the most prominent goals of the legal empowerment program for women are to raise awareness and spread the culture of human rights and to highlight the most important and most prominent images of women's empowerment in the legal field, which are guaranteed by the Kingdom’s regulations.
Al-Bawardi explained during the Tuesday meeting organized by the Asharqia Chamber represented by the Business Women Center on the evening of Tuesday 9 June 2020, entitled "Legal Empowerment of Women in Personal Status Cases", that the regulations in force in the Kingdom attached great importance to women, in which many of them devoted articles related to the nature of women From filing a lawsuit, and even obtaining and applying judgments, especially those related to personal status issues, including preventing women from marrying, proof, divorce, annulment, dislocation, custody, and alimony.
Al-Bawardi indicated some issues that entail certain procedures, such as divorce, that the spouses must attend the court to resolve the matter and discuss the custody of the children, and alimony, provided that an executive document is issued with what is agreed upon between the two parties, but if the husband refuses to appear before the court to prove the divorce, then for the court Bring him by force, and he may be referred to the competent authority to file a criminal case against him, whenever there is evidence that the wife was harmed, as a result of the delay in proving the divorce, and the procedure will be taken after informing him of the attendance.
On the issues of the annulment of marriage, which means the solution to the conjugal marriage of its origin, and is by virtue of the judge, it is only if there is a reason that necessitates or permits it, such as the insolvency of the husband and his inability or failure to alimony, or if the wife requests the annulment of the contract or the presence of a defect in one of the spouses requires repugnance Between them, in addition to denouncing the husband for his wife, which denies affection and mercy.
Al-Bawardi talked about khula, which is defined as the divorce of the wife herself, on the condition that she return the dowry or part of what the husband gave her, provided that the husband is without defects or without issuing abuse to her, and he must be compensated, i.e. in return for a payment paid by the wife, so It is not in return for a divorce on the part of the husband.
It also showed the most prominent details of the alimony fund, which assumes several tasks according to the fourth article of the alimony fund system, which is: Paying alimony to someone who has been given a judicial ruling for their entitlement, and who has not been executed except for an insolvency excuse, according to the procedures determined by the regulations, and spending it to someone who has been issued a judicial order in it His claim is still pending before the court, in accordance with the procedures determined by the regulations, and the payment of a temporary expense to the beneficiary before the issuance of a ruling on alimony, in accordance with procedures determined by the Council, provided that the fund retrieves it from the amounts due to the beneficiary under the alimony ruling, and if he decides to refuse the alimony, he must return what Disbursed to him from the fund within two months from the date of the peremptory judgment, and indicated that the fund has taken the necessary legal measures to recover what was spent if that period expired without refunding it, and requiring everyone who assumed the fund to pay the expense due to him to recover what was disbursed, by replacing the beneficiary with the fund In demanding the implementation of the judicial ruling.
Bakherji: Delegating the secretariats of regions and cities with more powers contributes to the development of Secretariats services and expedites the completion of planning procedures in the region
10/06/2020
During a remote meeting in the Asharqia Chamber
Bakherji: Delegating the secretariats of regions and cities with more powers contributes to the development of Secretariats services and expedites the completion of planning procedures in the region
The Assistant Undersecretary for Reconstruction and Projects, Engineer Mazen Adel Bakherji, said that the Ministry's recent authorization of district and city secretaries with more powers greatly contributes to developing services provided by the trustees to beneficiaries and expedites the completion of procedures related to planning aspects in the region.
This came during the meeting, which was held by the Asharqia Chamber, represented by the Real Estate and Urban Development Committee, on Tuesday, June 9, 2020 AD, in cooperation with the Eastern Region Secretariat, which highlighted the future directions of urban planning in the Eastern Region, and was managed by the Chairman of the Real Estate and Urban Development Committee in the Chamber, Eng. Hamid bin Hamri.
In the framework of Vision 2030 AD and what the Ministry of Municipal and Rural Affairs aims to improve the quality of services provided to beneficiaries, the Ministry worked on adopting a number of updated paths to approve private residential land division plans within 60 days, including a number of proposed alternatives that enable landowners and developers to choose Alternatives that are compatible with them in a way that contributes to the speedy completion of accreditation and development procedures, according to specific controls and requirements for each path. Noting that the updated paths for approving plans pass through three paths that start with initial approval and progressive emptying and go through primary and final approval before implementation and end with primary and final approval and sale of all parts before Implementation, which includes, for example, the payment of implementation amounts by the developer to the implementation party, defining and committing to the governance of all administrative procedures from all parties, and selling the entire scheme before the implementation of the infrastructure.
Bakhraji indicated that the Secretariat launched a number of programs and applications of geographic information systems for urban planning and related procedures through the geographical portal, which enables beneficiaries to submit various requests or obtain electronic data through the approved channels, He said, the recent periods in general have witnessed major changes in the future directions of urban planning and the associated regulations and legislation at the Kingdom level in line with the directions of the Vision 2030 and the programs emanating from it, and this included a number of programs and initiatives as well as decisions and regulations related to urban planning, such as the quality of life program, And the application of comprehensive access standards, the development and rehabilitation of neighborhoods and residential neighborhoods, the paths of accreditation and implementation of special plans, spatial development priorities, powers granted to the secretariats, and the relationship between the Secretariat and the Eastern Region Development Authority.
Bakhraji indicated that the secretariat has developed three strategic phases to achieve honesty access to comprehensive access applications as one of the aspects of the Humanization of Cities initiative, as the first phase included preparing a survey study for the Dammam metropolis and the conditions of people of determination and determining their requirements and priorities, while the second stage included preparing (11) evidence-based On the criteria and evidence of the King Salman Center for Disability Research dealing with the needs of people of determination for public facilities and facilities, while the third stage included preparing detailed designs for comprehensive access to five sites in the Dammam metropolis, as well as preparing a strategic plan for comprehensive access to cities of Dammam present to become friendly cities for people with special needs.
With regard to the latest developments regarding regulations and regulations, Bakhraji said that the Ministry of Municipal and Rural Affairs recently updated a number of regulations related to the requirements and controls of service activities in line with current developments, including the list of gas stations, the list of private schools, the list of health facilities, and the list of social facilities, Also, a list of health conditions for workers 'housing was issued in light of the precautionary measures to combat the Coronavirus, in accordance with the Manual of Health Conditions for Workers' Housing issued by the National Center for Disease Prevention and Control (Prevention).
He added that the Secretariat has studied a number of sites with its approved industrial plans to put it for investment as workers ’housing to improve the current conditions of workers’ homes and take all measures and measures that help in limiting the spread of that coronavirus in the short term, stressing the support of the Secretariat and encouraging the private sector to invest In providing housing for workers and singles, while fulfilling all the technical and health requirements in a way that contributes to organizing workers' housing and reducing negative impacts on society in general in the medium and long term.
“Customs” and "Ports" Initiatives enhance the Kingdom’s position on the global maritime transport map
09/06/2020
New shipping lines, and procedures for business continuity
“Customs” and "Ports" Initiatives enhance the Kingdom’s position on the global maritime transport map
The workshop "Ports Initiatives for the Development of the Maritime Private Sector" emphasized a number of positives and results achieved by the Saudi ports and their activities during the pandemic period, such as increasing the number of shipping lines and activating many initiatives aimed at enhancing the position of these ports in the global economic movement. Achieving a high rate of continuity during the Corona pandemic period.
The workshop, which was organized by the Asharqia Chamber represented by the Logistics Committee on Tuesday 9 June 2020, hosted both the General Manager of Business Development at the General Authority for Ports Abdullah Al-Muneef, the superintendent of the Private Sector Administration of the Trade Facilitation Agency at the Customs Authority Hassan Al-Suhaibani, and a representative of the Saudi Company for Electronic Information Exchange (Exchange) Muhannad Al-Mutairi, and the meeting was moderated by the head of the Chamber's logistics committee, Rakan Al-Ataishan.
In the first paragraph of the workshop, Abdullah Al-Munif reviewed the most prominent initiatives that were launched during the pandemic period, the most prominent of which was postponing payments due to ports from wages for a period of 90 days, extending the period of goods exemption from storage floor wages in the ports to 10 days instead of 5 days, and holding several virtual workshops During the month of May 2020 with the shipping and loyal agents, operators and government agencies, the companies convert to electronic payment, in addition to postponing the collection of truck reservation fees, ensuring business continuity and preparing all technical requirements for employees to work remotely.
Among the initiatives that Al-Manif tackled is that the authority, in cooperation with all concerned bodies (governmental and private), has monitored 45 types of challenges facing port beneficiaries from private companies, and work is being done to activate them, stressing that all these initiatives came to develop business in the sector Maritime, and to continue and to make Saudi ports at the forefront of global ports.
Al-Munif said that the Kingdom’s ports during the pandemic period achieved many achievements, including the start of the actual operation of the largest bond contracts in Jeddah Islamic Port, with investments worth 9 billion riyals, as the capacity of container terminals in the port will be increased by 70%, to reach more than 13 million containers annually. Especially the infrastructure has been updated.
Another achievement, according to Al-Muneef, is the launch of two new shipping lines between the first kingdom with "East Africa", and the second with "East Asia", and each of them aims to: facilitate and accelerate import and export operations, increase handling volumes in Saudi ports, and enhance the competitiveness of Saudi port services And the development of its operations .. except that the first aims to enhance the movement of exports and imports to and from Yanbu, and the second aims to achieve this, but to and from Dammam and Jubail.
He mentioned that the largest single allocation contract had been signed remotely in the Kingdom at King Abdulaziz Port in Dammam with an investment of 7 billion riyals, and raising the capacity of container terminals in the port by 120% to reach the number of containers to more than 7.5 million containers annually, to also contribute to providing more than 4000 Function.
He stressed that the General Ports Authority is working to develop the list of shipping agents in order to reduce visits to agents by 60 percent to pay insurance or pay dues, not to reserve cash amounts outside the economy, increase electronic efficiency and unify payment with a unified number for transparency, attract the investor, and achieve more of Transparency in transactions .. hinting that the most prominent expected changes that are being worked on in the list are the setting of working hours for agents' yards to receive and deliver containers, the initiative to cancel insurance, setting working hours for agents and counter, activating immediate payment, in order to preserve the rights of all dealers and speedy completion of procedures in ports Reducing the costs of the logistics sector.
For this part, Hassan Sahibani spoke about the initiatives of the General Customs Authority during this period, the most prominent of which is the postponement of the collection of customs duties, for a period of 30 days, from the date of clearance through the path of bank guarantee and approval of institutional approval (documentary commitment), with the aim of mitigating potential economic impacts on the private sector during these The period is by providing financial liquidity, and the initiative began to be applied from 22/22 to June / June, and its value amounted to 443 million riyals, and the financial impact will be announced after the end of the initiative where importers can use the guarantee more than once.
He mentioned that the General Authority of Customs has undertaken many initiatives aimed at facilitating customs clearance procedures for maritime transport companies such as permitting the movement of prohibited goods in ports, canceling the requirement of customs and border guards approval, and the approval of the Ministry of Health to issue a permit to leave the ship and set up a remote workshop to educate investors about this
Muhannad Al-Mutairi (the company of the Saudi Company for Electronic Information Exchange / Exchange) said, "The Fasah platform provides many services, including the implementation of the initiatives launched by the" ports "and" customs "during the Corona business continuity pandemic,Pointing out that the most prominent services that supported business continuity in the past period were the "Fassah B" service, which contributed to supporting the ports initiative for the electronic transformation of the process of exchanging payments for invoices with agents and operators and facilitating the electronic payment process, in addition to launching the "trucking dates" service that Some of the documentary procedures facilitated the entry process, adding that the initiatives that launched "customs" contributed to linking the operators in managing customs operations electronically with port operators to reduce paper practices, speed up work, and speed up the clearance of shipments during the last period.
"Real Estate Documentation Service" for a remote meeting in the Asharqia Chamber
08/06/2020
"Real Estate Documentation Service" for a remote meeting in the Asharqia Chamber
Asharqia Chamber, represented by the Real Estate and Urban Development Committee, will organize a remote meeting, entitled "Real Estate Documentation Service", at 9:00 pm on Tuesday, June 16, 2020.
The meeting, which hosts attorney and notary Moussa Al-Nashmi, is managed by the Chairman of the Chamber's Real Estate and Urban Development Eng. Hamid bin Hamri, and it transmits through the Zoom program, a set of important and specialized axes in the subject of the meeting, the most prominent of which are: the definition of documentation and its most prominent features, and the documenter and its role, and documentation and importance for real estate and real estate, Documentation and Vision 2030.
It also examines the most important questions and concepts on the subject of the meeting, and the most prominent inquiries on the subject of documentation in the real estate sector and its challenges.
Legal advisor: Lease contracts are terminated or reduced according to the level of the damage
07/06/2020
In a remote meeting organized by the Asharqia Chamber:
Legal advisor: Lease contracts are terminated or reduced according to the level of the damage
Legal adviser Dr. Salman Al-Dhafiri stressed the possibility of considering rental contracts during the period of the Krone pandemic legally with “annulment”, or “rebalancing”, depending on the use of the leased property, or the decrease or increase of its market value, and the level of damage caused by the pandemic if it is comprehensive Or partial.
Al-Dhafiri said in a meeting held by the Asharqia Chamber represented by the Real Estate and Urban Development Committee under the title (lease contracts and their impact on the real estate sector in light of the Corona pandemic ”Sunday (7 / June / 2020) that the lease contract is defined as It is one of the “necessary” contracts, which can only be canceled with the consent of both parties to the contract, or the occurrence of contraindications and emergency conditions like the sale, unlike “award” contracts like the agency contract that can cancel the contract at any time, without giving reasons.
Accordingly, the pandemic of the krona imposed a new reality in the commercial sector, and created a number of issues and ideas in the legal space, but - fortunately - that we have in Islamic law rules that define and address all problems at any time, and under any circumstance, the pandemic represents an emergency It requires a certain legal procedure, especially if benefits or certain damages, disputes and the like are not interrupted.
In this regard, Al-Dhafiri believes that Islamic law calls for balance, and it operates according to the principle of “no harm or harm”, according to which basic rules have been issued that are applied in the case of necessities in which even prohibitions are permitted because the noble Sharia does not accept harm to anyone, especially if it is this damage came out of the will, such as earthquakes, volcanoes, and epidemics, as is the case of a pandemic coronavirus.
In this regard, Al-Dhafiri recalls that the one who determines the damage (whether partial or total) is the judge, but this is based on what experts and legal experts estimate, noting that some activities do not need to prove the occurrence of the damage, such as when someone hires a place to be A benefit for a barbershop or a fitness center, and a formal decision to close it due to the pandemic has been issued against him, in which case the work is suspended, and the benefit from the rented eye is not mentioned, so he has the right to cancel the contract, according to a judicial order, the ruling of which is issued according to custom and based on What the experts decide in this aspect.
He pointed out that some tenants may take advantage of the pandemic period and try to evade the contract, or that some lessors see the matter as an opportunity to break the contract, in which case a referee - by judicial order - will refer to the custom to determine the damage and the damage, and the desire of the lessor or lessee can never be relied upon. This is because the lease contract - as has already been said - is a contract that is not canceled except for the presence of the same harm as the sale, except for a reason and circumstance that requires it.
He stressed the need for settlements to be fair, and compromise and conciliation between the two parties to the lease are the best in all cases, for “peace is good.”
Asharqia Chamber is looking at a remote meeting (Labor housing - current challenges and proposed solutions)
07/06/2020
Asharqia Chamber is looking at a remote meeting (Labor housing - current challenges and proposed solutions)
Asharqia Chamber, represented by the Commercial Committee, is organizing a remote meeting entitled "Labor Accommodation - Current Challenges and Proposed Solutions)" at 9:00 pm on Thursday, 11 June 2020.
The meeting, which hosts the Undersecretary of the Ministry of Municipal and Rural Affairs to classify contractors, aims at Dr. Ahmed bin Jamil Qattan, Abdul Majeed bin Muhammad Al-Rashoudi, Undersecretary of the Ministry of Human Resources and Social Development for Labor Affairs, and Engineer Majid bin Abdullah Al-Shastri, Deputy Director-General of Industrial Cities Operation (MODON), and the meeting is managed by Hani Bin Hassan Al-Afaliq, head of the commercial committee, discussed the most prominent axes of the topic of organizing labor housing and the means of developing it according to the high standards set by the Ministry of Municipal and Rural Affairs.
The meeting will also discuss a set of important axes for the business sector in the subject of the meeting and the details of the procedures related thereto.
Asharqia Chamber organizes a meeting entitled "Transitional Provisions to Increase Value Added Tax to 15%"
07/06/2020
Asharqia Chamber organizes a meeting entitled "Transitional Provisions to Increase Value Added Tax to 15%"
Asharqia Chamber, represented by the Commercial Committee in cooperation with the General Authority of Zakat and Income, is organizing a remote meeting entitled "Transitional Provisions to Increase the Basic Value Added Tax to 15%" at 9:00 pm on Wednesday, June 17, 2020.
The meeting, which hosts the adviser to the Deputy Governor for Operations, Hammoud bin Abdullah Al-Harbi, and managed by Hani bin Hassan Al-Afaliq, head of the Commercial Committee and transmitted through the broadcast program, Zoom, aims to provide a comprehensive overview of how to deal with contracts concluded and issued tax bills and imported shipments.
The meeting reviews a set of important topics for the business sector in the subject of the meeting and details of the procedures related to it.
The Industry and Energy Committee reviews the manufacture and settlement of chemicals involved in desalination
04/06/2020
The Industry and Energy Committee reviews the manufacture and settlement of chemicals involved in desalination
A working group emanating from the Industry and Energy Committee at the Asharqia Chamber of Commerce chaired by a member of the Board of Directors Ibrahim bin Mohammed al-sheik discussed on Thursday 4 June 2020 a remote meeting on the issue of manufacturing and settling chemicals that are involved in desalination of saltwater.
Al-Sheikh said during the meeting that the manufacture and settlement of chemicals have become one of the most prominent concerns of companies in this sector, especially as it is working on the development of the industry chain in desalination and the advancement of technology and advanced technology in this field, which helps in reducing costs and raising work efficiency, and this is what the business sector needs, especially during the current period due to the Corona pandemic, which faces many challenges.
Al Al-Sheikh clarified that many topics are on the list of committee meetings, as the committee seeks to present ideas and initiatives that help the industrial sector in light of this pandemic.
Asharqia Chamber organizes a meeting entitled "Ports Initiatives to Develop the Maritime Sector and the Challenges of the Private Sector in Ports"
04/06/2020
Asharqia Chamber organizes a meeting entitled "Ports Initiatives to Develop the Maritime Sector and the Challenges of the Private Sector in Ports"
Asharqia Chamber, represented by the Logistics Committee and in cooperation with the General Ports Authority, is organizing a remote meeting entitled "Ports Initiatives for the Development of the Maritime Sector and the Challenges of the Private Sector in Ports" at 10 am on Tuesday, June 9, 2020.
The meeting, which is transferred through the ZOOM program, General Manager of the business of the General Authority for Ports Development of Abdullah Mneef, and Musharraf's agency trade facilitation Customs Hassan Asheibani Authority Sector Management, and a representative of the Saudi Company for the exchange of information electronically (exchange), and runs the meeting, The head of logistics committee room Rakan Al-Otaishan.
The meeting reviews the most important initiatives that are in line with the aspirations of the wise leadership and the aspirations of the business sector to overcome the economic crisis caused by the Corona pandemic.
The General Secretariat of Tax Committees presents procedures and solutions for tax disputes
04/06/2020
In a remote meeting held by the Asharqia Chamber
The General Secretariat of Tax Committees presents procedures and solutions for tax disputes
The meeting of the General Secretariat of the tax committees reviewed the definition of them and the most prominent rules for the work of the committees for the settlement of tax violations and disputes, the conditions for regular representation before the tax committee departments, procedures for handling cases and facilitating procedures while touching on the issue of remote litigation and visual communication, which is one of the most prominent new procedures that Implemented by the General Secretariat.
The meeting, which was held on Wednesday morning (03 / June / 2020) at a distance, witnessed the participation of the Head of the Value Added Tax and Selective Goods Department in the Appeals Studies Department at the General Secretariat, Fahd bin Abdul Rahman Al Qassoumi, and the Head of the Zakat and Income Tax Department in the Appeals Studies Department Manal Bint Khalid Al Buhairi The meeting discussions were moderated by the Chairman of the Lawyers and Legal Advisers Committee at the Asharqia Chamber, Attorney Khaled Al-Saleh.
Manal Al-Behairi reviewed the decision to form tax committees and establish the general secretariat of the committees, and its main role in managing tax disputes and seeking to solve them efficiently and transparently, and mentioned the most important services provided by the secretariat, facilitating tax cases procedures and educating customers about the provisions related to regulations and regulations and the mechanism for filing a lawsuit through a number of guidelines. , Awareness, Customer Services Directory, and Customer Charter. It was also discussed that there are indicators for measuring performance, governance, quality management, and risk measurement.
For this part, Fahd Al-Qassoumi touched on the systematic formation of tax committees, and the most prominent rules for the work of the committees for the settlement of tax violations and disputes that are based on them during the settlement of disputes, in a way that contributes to achieving the completed separation, explaining the most prominent aspects in the systemic representation. He also pointed out that the Secretariat has a number of initiatives and projects, including some operational and development projects such as the business development program and the artificial intelligence program, the project of remote litigation, the project to classify and extract tax principles from previous decisions and provisions, the guide project to tax systems and launch an application to manage talent and raise efficiency Operational, as it seeks through multiple communication channels to enable effective communication with customers and business partners through a series of programs and introductory tools.
The meeting concluded with an invitation to communicate with the General Secretariat and to submit inquiries via the website and the various communication channels.
Asharqia Chamber organizes a remote meeting discussing future directions of urban planning
03/06/2020
Asharqia Chamber organizes a remote meeting discussing future directions of urban planning
Asharqia Chamber, represented by the Real Estate and Urban Development Committee, is organizing a remote meeting entitled "Future directions for urban planning in the Eastern Region", at 1:00 pm on Tuesday, June 9, 2020.
The meeting, which hosts Engineer Mazen bin Adel Bakhraji, assistant undersecretary of the Eastern Region Assistant for Reconstruction and Projects, and managed by Engineer Hamid bin Hamri, The head of the Real Estate and Urban Development Committee and transmitted through the broadcast program (Zoom), highlights the foundations and future standards used in the planning process, and the most important considerations that were taken to adopt the urban planning that It will be in a newly developed way that takes into consideration many interests and desires.
The meeting also talks about the advantages of modern planning, as well as its most prominent results at the far level, as it is the main factor in building and establishing cities.
Asharqia Chamber organizes a remote meeting reviewing the roles of the General Secretariat of the tax committees
02/06/2020
Asharqia Chamber organizes a remote meeting reviewing the roles of the General Secretariat of the tax committees
Asharqia Chamber, represented by the Lawyers and Legal Consultants Committee, in cooperation with the General Secretariat of tax committees, organizes a remote meeting aimed at introducing the tasks and roles of the General Secretariat at 11:00 am on Wednesday, 3 June 2020.
The meeting in which Fahad Al-Qassoumi, The head of the value-added tax and selective goods section, and Manal Al-Buhairi, head of the Zakat and Income Tax Department, and moderated by committee Chairman Khaled Al-Saleh, and transmit through the broadcast program (Zoom), review a number of important axes, most notably: tax committees, and the rules of work of the committees to adjudicate violations and disputes tax, and representation in front of the departments of tax committees.
The meeting also talks about a mechanism to facilitate procedures, procedures for handling litigation, remote litigation, and visual communication.
Asharqia Chamber organizes a remote meeting entitled "commercial lease contracts and their impact on the real estate sector in light of the Corona pandemic"
02/06/2020
Asharqia Chamber organizes a remote meeting entitled "commercial lease contracts and their impact on the real estate sector in light of the Corona pandemic"
Asharqia Chamber, represented by the Real Estate and Urban Development Committee, is organizing a remote meeting entitled "Commercial lease contracts and their impact on the real estate sector in light of the Krone pandemic", at 11 am on Sunday, June 7, 2020.
The meeting, which hosts the lawyer Dr. Salman Al-Dhafiri and moderated by Eng. Hamid bin Hamri, The Chairman of the Real Estate and Urban Development Committee, will review and transmit through the broadcast program (Zoom) the most prominent challenges and obstacles facing the real estate sector during this period, especially after the economic effects faced by the sector due to the Corona pandemic.
The meeting also examines the most important lessons learned from this experience and the proposed solutions that help the sector and its affiliates to achieve the gains from the midst of the crisis, in addition to the initiatives launched by the relevant authorities in the sector and how to benefit from them and explain the mechanisms of communication with those agencies to obtain information and solutions that transport the sector to a safe area.
Asharqia Chamber employees starting their work today with a return plan
31/05/2020
Asharqia Chamber employees starting their work today with a return plan
Includes a number of precautions and measures
On May 31, 2020, employees of the Asharqia Chamber of Departments begin returning to their workplaces in the main building and branches, through a plan that includes a number of precautionary and preventive measures that achieve safety and are in line with government directions and preventive protocols issued by the Ministry of Human Resources and Social Development.
The Chamber had followed a comprehensive and integrated plan for the return of its employees to the workplaces, which included sterilization of offices, provision of temperature measuring devices, and also prevented delivery companies from entering their buildings, stopped hospitality services, and provided safe distances in the offices and the prayer room.
With regard to the internal work environment, the Chamber emphasized the opening of all office doors to reduce the process of touching surfaces, stopped paper transactions, obligated all employees to wear masks, stopped attending meetings for more than five individuals, and prevented gathering in offices or hallways of the room, as well as stopping activities and direct events.
The General Secretariat of the Chamber also mandated the Security and Safety Department to prevent the entry of a person whose temperature exceeds 38 degrees, take the data of the employee or visitor and prevent the use of more than two people for electric elevators, as well as the Human Resources Department to communicate with employees to find out their whereabouts during the two weeks preceding the commencement of work, and the extent of their contact with Whether or not he is an injured or a suspect, and identifying their health condition if they develop symptoms of high fever.
Asharqia Chamber launches “the Houses of Merciful” initiative to maintain and sterilize mosques
20/05/2020
In cooperation with the Ministry of Islamic Affairs
Asharqia Chamber launches “the Houses of Merciful” initiative to maintain and sterilize mosques
Asharqia Chamber, represented in the Contracting and Endowment Committees, in cooperation with the Ministry of Islamic Affairs, launched the “Houses of Merciful” initiative to provide comprehensive maintenance and provide the necessary sterilization and disinfection for Eastern Region mosques, calling on the business sector in the region and those interested to contribute to the initiative.
The chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the “Houses of Merciful” initiative is a participatory initiative that provides comprehensive maintenance and sterilization for all mosques in the Eastern region, optimistic that the pandemic will soon disappear and open - God willing - in front of the worshipers, and that it seeks to inculcate the values The noble and the exaltation of the value of good deeds and its purposes in the hearts of the people of the eastern region, stressing that good is rooted and entrenched in the hearts and minds of the people of this region and all the children of the Kingdom and its rulers, who always initiate and provide support, care and follow-up to everything related to charity work in the Kingdom and abroad.
Al-Khalidi stressed the importance of solidarity and cooperation, and the provision of charitable initiatives that reflect the originality of this noble people and his eagerness to participate in everything that would support charitable work, pointing out that this initiative comes with a kind invitation from the Chamber's Contracting and Endowment Committees, offering them all thanks and appreciation for these The initiative is part of the country's efforts to limit the spread of the Corona pandemic.
For this part, Member of the Board of Directors and Chairman of the Contracting Committee of the Asharqia Chamber, Hamad bin Hammoud Al-Hammad, said that the initiative aims to provide general maintenance for the mosques of the region and prepare them for the appropriate preparation in the event that they are opened - God willing - to receive worshipers, by revealing the faults, whether those related to buildings Lighting, water, or other problems related to maintenance work, to work on repairing and restoring them, as well as conducting sterilization and thorough disinfection operations for all mosques in the region, especially in light of the Corona crisis; As sterilization is one of the factors limiting its spread.
For this part, Dr. Ayed bin Farhan Al-Qahtani, Chairman of the Endowment Committee in the Asharqia Chamber, stressed that this initiative stems from the fact that the responsibility for caring for and qualifying the houses of Merciful is appropriate to the entire society, and the business sector is an integral part of this community, its presence in charity works all kinds of it has its clear imprints, pointing out that this initiative comes in line with the efforts of the wise leadership and participation in the preventive and preventive measures taken by the Ministry of Islamic Affairs to reduce the spread of the Coronavirus.
An international economist: the stability of the national currency is a strategic decision
20/05/2020
In a remote meeting organized by the Asharqia Chamber:
An international economist: the stability of the national currency is a strategic decision
The former adviser at the International Monetary Fund, Dr. Raja Al Marzouqi, affirmed the Kingdom’s choice in stabilizing the national currency against the dollar, because of the presence of certain advantages in this direction, and given the Kingdom’s financial and economic capabilities that qualify it to follow up on what is officially approved to be a reality on the economic level.
Al-Marzouki explained, during a meeting organized by the Asharqia Chamber from a distance (Monday 18/5/2020), entitled "Monetary Policy and Exchange Rate" administered by a member of the Board of Directors of the Asharqia Chamber Ibrahim bin Mohammed al-sheik that fixing the currency is a decision that some countries formally issue and maintain economically, as the state With the same huge reserves in the ground or in the central bank you can enlist them to continue to apply what they officially issued, and apply them economically, through the use of official reserves to ensure stability in the event of an imbalance in supply and demand for currency, which affects the official price. While we find in some countries that do not have this economic ability can not maintain the official confirmation, which creates a black market for currency, which negatively affects liquidity in the financial sector and reduces the efficiency of the economy and raises the costs of lending, and such countries have no choice but to switch to the flexible exchange rate.
Al-Marzouki reviewed a number of the advantages of fixed exchange and the advantages of flexible exchange, to confirm that this depends on the capabilities and capabilities of countries, as well as the goal that they are seeking for, as there is no optimal exchange system at the present time.
He said that the reality today is the result of the composition of the international system that took place after the Second World War, as the countries of the world agreed to establish the International Monetary Fund and discuss the issue of currencies, and a fixed exchange system was established that relies on the dollar and its relationship to gold so that the price of an ounce of gold equals 35 dollars.
Al-Marzouki adds that this period was a historical turning point in the exchange systems in the world, as it was going in a certain pattern, everyone is committed to it, now it is in another domain, the great state did not adhere to it, and that happened from one side, instead of a fixed exchange rate, it appeared Different exchange rates (fixed and floating), and different exchange systems have emerged since then ranging from full linkage to float in several forms, most notably (dollarization, fixed linkage, monetary union, currency board, creeping linkage, directed float, and free float.
As for the dollar - according to the former adviser to the International Monetary Fund - it is that the state uses the dollar in commercial transactions next to the country’s currency or alone, and this we see for example in Lebanon, in return for that, we find the “monetary union”, that is, canceling the currency of the countries and replacing them with one currency for the region as it is happening In the European Union, while we find a "currency board" in which currency printing is covered 100% of gold or hard currencies, and fixed pegs against one currency or basket of currencies.
In this regard, Dr. Al Marzouqi indicates that oil countries like the Kingdom, in which oil constitutes an important factor in the economy and an important proportion of exports depend on the fixed exchange, and some of these countries - which are few - adopt a flexible exchange rate and that whose oil exports are low or in the direction of decline. And all its justifications and factors for taking a step, because it is proven that fluctuations in the price of oil affect the balance of payments and its stability. In the case of a fixed exchange rate, it is official reserves that rebalance the balance of payments.
He goes on explaining the situation that the oil states live in their exchange systems to say that there is a trilogy that is impossible to meet under any circumstance, this trio is "the movement of capital, monetary independence, and a fixed exchange system". Any country must give up one of these trios, It is impossible to meet, as monetary policy is affected by the movement of capital, and it is also affected by the fixed price.
Accordingly, Al Marzouqi says that the most important channel that affects the exchange rate in the oil states is the channel of spending and its relationship to the economy. If the tunnels become greater than the state’s economic capacity, it will lead to higher wages and higher prices, thus weakening competitiveness, declining profits, and increasing demand for goods Non-commercial (such as real estate).
He adds that the two most important sectors are positively affected by increased spending, namely, "contracting, construction, and services", where resources and investments are directed towards them, because the investment is looking for the most profitable investment, so this will be reflected on other sectors, and banks tend to lend to these sectors at the expense of other sectors, which may be important To achieve sustainable growth.
In this context, it indicates that the infusion of unstable financial policy that is affected by oil prices down and up negatively affects the stability of the economy through its impact on inflation and wages, which leads to changes in the real exchange rate, which in turn affects the stability of the economy, which raises the degree of uncertainty in the economy It negatively affects sustainable economic growth and leads to a large fluctuation in growth, which constitutes an impediment to the growth of export-dependent investments. To avoid this effect, Al Marzouqi sees the importance of adopting financial policy frameworks that help the private sector in forecasting fiscal policy trends and reducing volatility in the economy due to changes in oil prices.
China is trying to present the Chinese currency as an international currency through bilateral agreements with several countries and financing Chinese exports made with countries in the Chinese currency to encourage its use. A futures market for oil in yuan has also been established, with the option of delivery at the end of the contract in yuan or gold.
Within the discussions of the meeting, the government fees and taxes were discussed, he said: the feasibility of these fees depends on the type of fees and the goal for which they were imposed, is it in exchange for a specific service, or to increase the return on the budget, or to change certain behaviors such as the fees imposed on tobacco and soft drinks, and so the matter in it Details have to be taken into consideration before judging their usefulness.
Asharqia Chamber renews allegiance to the Crown Prince on its third anniversary
20/05/2020
Asharqia Chamber renews allegiance to the Crown Prince on its third anniversary
The Chairman of the AsharqiaChamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, raised his name and on behalf of the members of the Board of Directors, and all business sector in the Eastern Region, the highest expressions of congratulations and blessings to the position of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Highness the Crown Prince, His Royal Highness Prince Muhammad Bin Salman bin Abdulaziz - may God preserve them - and to all the honorable Saudi people, on the occasion of the third anniversary of the pledge of allegiance of his highness as crown prince, stressing that since he took his place in the leadership of the country, he represents an added value for the development paths followed by the country; As wise and balanced reforms and changes took place at all levels; Which took the country to wide development and great growth, and revealed the real strengths that are possessed by mankind, whether natural or natural, based on a vision of insightful plan, His Highness, with determination, determination and hard work to put the Kingdom at the forefront of the developed world.
Al-Khalidi considers, on this occasion, the precious anniversary of a special place in the souls of the giving sons of this country, as it is the memory of the great transformations, huge national achievements and qualitative transfers in all economic fields, which we have touched in the business sector, and the ordinary citizen touches in all the details of his life, praising the great role that he plays His Highness commended him on marching the ship of the nation to safety, to become clear and stand out in this crisis that the entire world is going through the unique and distinguished leadership figure of the Crown Prince in crisis management, which won respect and appreciation internally and externally.
Al-Khaldi said that history will bear witness to what the crown prince presented and continues to offer to this blessed land, and his efforts to preserve its citizens and residents from all evil and hatred, and this is our covenant always with it, where hard work, insightful vision, sacrifice the precious and precious for the sake of high And this blessed land is presented, and it is thanks to God Almighty, then its direction and sound management, our precious countries are proceeding with great efficacy towards encircling the spread of the Coronavirus and reducing its health and economic consequences, so it has become a reliable model, whether in the application of the highest levels of preparedness and readiness or in frankness and transparency, all countries praised The world b Its responsible speech and its precautionary and proactive measures, and, God willing, this crisis will end and we will rebuild in our country's glorious march towards growth and prosperity and achieve the goals of our vision (vision of the future).
A specialist warns investors against riding the wave and underestimate the consumer awareness
19/05/2020
During a remote lecture organized by the Asharqia Chamber
A specialist warns investors against riding the wave and underestimate the consumer awareness
Professor and expert on strategic management, Dr. Mohamed Al-Awad, warned commercial establishments against "riding the wave" and underestimating the consumer awareness and then exploiting the crisis improperly ... stressing that there are many positives produced by the crisis, including modifying consumer behavior, and directing companies to amend their marketing plans.
Al-Awad said in a lecture organized by the Asharqia Chamber represented by the Remote Business Youth Council (Monday 18/5/2020), titled "Marketing in Crisis Time", that the sudden spread of Coronavirus is definitely a shock to consumers and brands alike. Stressing the need for the owners of these brands to develop an emergency plan or update its current plan based on the experience.
He stated that, despite all the difficulties this crisis has caused, it is not without positives, including that companies learned from them the speed of change for these emergency conditions, and there are many positive things hidden under the shadow of this crisis, pointing out that the fall of many companies and the lack of Being able to face the event or not knowing how to deal with it will create an opportunity for many other companies to succeed and prosper.
Al-Awad said that there is an acceleration we are witnessing in marketing tools at this time when the Internet and digital marketing have become a dominant feature in it, because these "crises lead to a change in the attitudes and views of consumers around the world of brands, as they change their decision-making processes, as many of their decisions become emotional. More than it is rationality before the epidemic, as happened in these days a change in consumer behavior.
He pointed out that the Coronavirus pandemic has resulted in many business equations being overturned, and many companies have tried to adjust their marketing plans and activities in order to continue to serve their current and potential customers.
In this regard, he warned investors not to ride the wave and consider consumers unaware, that - if they do so - they will lose credibility in their field of work, and most importantly, they will not get an opportunity to contribute positively or help in finding solutions to the real crisis that we all face.
Al-Zaki: The Bank facilities enables contractors to use them on several projects
19/05/2020
During a meeting organized by Asharqia Chamber remotely
Al-Zaki: The Bank facilities enables contractors to use them on several projects
Wael Al-Zaki, Director of Corporate Relations at Al-Jazira Bank, stressed the importance for contractors to have banking facilities so that they can use them on several projects because their absence causes contractors to submit new papers to obtain credit facilities for their new projects, and that the contractor is also familiar with all the details and requirements Banking so that no missteps occur in the financing, preferring that new contractors or those who are at the beginning of their business enter into a banking relationship until after a year or two and that the relationship be gradual as it is a binomial relationship.
This came during the meeting, which was organized by Asharqia Chamber represented by the Contracting Committee, on Monday, May 18, 2020, and moderated by a member of the Contracting Committee in the Chamber, Abdulaziz Al-Babtain, and it was titled (Successful Management of Banking Facilities for the Contracting Sector).
Al-Zaki said that the relationship between the contractor and the bank depends on the efficiency of the financial management in the contracting companies, which have long had the necessary efficiency and are familiar with banking products, terms, conditions, and details, and have provided more time and effort in completing access to bank facilities for their companies ’projects, Pointing out that the banks are ultimately a profitable financing facility and that their approval of financing or not depends primarily on the contractor's readiness to submit the complete project papers, which include some documents related to government agencies so that the bank can be assured of the extent of the client's commitment to governmental requirements such as zakat and localization ratio.
Al-Zaki classified banking products related to the contracting sector into cash and non-cash products. The first includes financing bills, which is a safe cash product related to project financing, as well as financing credits and supplier bills. As for non-cash, it is divided between guarantees that usually relate to the owner of the project and credits Which expresses the relationship between the contractor and the supplier, and it varies from one contractor to another and according to the strength of its relationship with suppliers, indicating four types of guarantees such as the initial guarantee, which represents 1% of the project value, a guarantee of good implementation and a down payment guarantee, and finally a guarantee final payment.
Al-Zaki stressed the importance of the cash flow reports being detailed and comprehensive for all aspects of the project, and for the contractor to be in constant contact with the bank to familiarize the relationship manager with all developments, providing more opportunities for treatments in the event of default, and that contracting companies also have several relationships from more than A bank, which provides options and negotiating opportunities for contractors with banks.
The Saudi Commission of Accredited Residents trained more than 12,000 people within 3 years
18/05/2020
The Saudi Commission of Accredited Residents trained more than 12,000 people within 3 years
Asharqia Chamber, represented by the Real Estate and Urban Development Committee, organized in cooperation with the Saudi Commission for Accredited Residents a remote meeting entitled "Real Estate Valuation"
Talking about organizing the evaluation profession, setting the necessary standards and legislation, in addition to developing the profession and raising the level of workers in it professionally, technically, and morally.
The Director of the Legal Affairs and Supervision Department Abdulaziz Al-Mutlaq said in the meeting held on Sunday, May 17, 2020, that the role of the authority in addition to organization and development is to qualify and accredit the residents to practice the evaluation profession and work to increase the confidence of the community in the evaluation profession and raise it to the level of prestigious professions.
During the meeting, which was moderated by the Chairman of the Real Estate and Urban Development Committee, Engineer Hamid bin Hamri, Al-Mutlaq said that the authority is working on organizing, developing, qualifying and accrediting residents and monitoring them in the various branches of evaluation, noting the most prominent articles of the resident system, which depend on adherence to the profession’s behavior, etiquette, and standards International and pass the professional education programs determined by the authority and obtain Licensing one of the evaluation branches, and the evaluator who is self-accredited on evaluation reports must maintain the data and reports for a period of 10 years, in addition to the legal responsibility issued by professional errors.
And on how to practice the evaluation profession in Saudi Arabia, he pointed out that the resident can practice the profession after choosing the training programs offered by the commission, recording hours of experience, and obtaining the membership of "evaluation" after completing the rest of the requirements, and the membership allows him to practice the profession of the employee, And pass advanced courses and complete some of the requirements, and thus can obtain a license to practice the profession and create his own facility.
Al-Mutlaq indicated that during the past three years, the Authority was able to provide more than 600 training programs, qualify more than 12,000 trainees, and grant more than 2,000 people membership to practice the evaluation profession in one of the facilities, and as a result, there were more than 420 establishments practicing the evaluation profession in its various branches in the kingdom.
A Consolidation is an option for companies that are affected positively or negatively in exceptional circumstances
18/05/2020
In the meeting to evaluate investment opportunities:
A consolidation is an option for companies that are affected positively or negatively in exceptional circumstances
Local markets identified the first wave of the affected sectors and wait for the second wave
The meeting "Evaluating Investment Opportunities in Crises", organized by the Asharqia Chamber represented by the Center for Remote Small and Medium Enterprises Development (Sunday 5/17/2020), stressed that the present time is an important opportunity for mergers and acquisitions, whether among the pioneering individuals, or the existing companies, within A fair evaluation mechanism, a detailed legal framework that guarantees partner rights and feasibility of the new entity.
The meeting, which was managed by the executive partner of focusing Management Consulting Company Naif Al-Mulhem, witnessed a review of the evaluation methods available in general, which are reliable at the present time, and the impact of this on the merger option.
Financial and strategic specialist Jassim Al-Haroun said that mergers and acquisitions are two ways to develop activities and the emergence of strong entities. The merger means that two companies disappear with each other and result in a different third company, while the acquisition is the disappearance of a company within a company larger than them, and in both cases, the output should be a different capable entity to compete more.
He believes that the present time represents a valuable opportunity to achieve more mergers and acquisitions, especially since all expectations indicate a different situation after the crisis, as well as this option, maybe the best for some companies, which can exit from the market, or that live in a difficult situation, as well. It is a positive choice for forming entities among the companies that were positively affected by the crisis.
He stressed the need to develop the values of integration and activate partnerships, according to legal foundations that guarantee the rights of all parties, and ensure better performance of the new entity.
Regarding the companies ’evaluation of their merger or acquisition, he said that this is based on a general rule that depends on differentiating between value and price. A person may have an old picture when this image is evaluated by him, his value is different from that of others who do not see it other than it is a piece of paper, and the price It is what is agreed upon between the seller and the buyer, it may be less than the real value of the commodity, it may be more, and it may be appropriate, therefore there are different views on the evaluation according to which the price is determined.
He stated that all the evaluation methods directed to companies depend on that each company is a tool for generating revenues, some companies achieve this by selling certain assets such as real estate companies, and through the value of shares, or through returns and profits, so here are three methods of evaluation (liquidation, market, And earnings), all of which are done based on the evaluation of specialized people, especially since we have a specific body in this regard.
For this part, Qais Al-Essa, co-founder and CEO, Vision Ventures, said that the merger in order for it to be feasible for us to know the motivation behind it, as it must happen a consensus between two or more companies and result in a competitive entity, and better than before in the absence of the merger.
He added that our market is scarce with mergers, while what is required is to increase, especially at the present time, pointing to the need to provide detailed legal frameworks for the merger project, in order to guarantee the rights of all parties.
He said that the basis for evaluating companies eligible for the merger is different for existing companies than for startups. The first can be evaluated in traditional ways such as the value of assets, cash flows, and the like, unlike startups that need other methods, especially as a startup is Its financial flows are not clear and its returns are not known. Therefore, the evaluation should be based on the future expectations of this company, on the basis of comparison with competing companies, and so on.
On the evaluation in times of crises and exceptional circumstances - such as we are in it - Al-Essa said that the different circumstances affect the markets in one way or another, as there are active sectors and their performance is better (such as health, retail, e-commerce ... etc.), and there are sectors that have regressed (The travel and tourism sector, for example), and sectors in an average position. Hence, the affected companies must accept low valuations, unlike the ones that have recovered. Their value differs from their negative affected counterparts, and all these sectors are suitable to be included in the merger project.
He pointed out that we saw the first wave of sectors that were affected negatively and positively by the pandemic, so we have to look at the second wave, according to which the companies affected are negatively and positively evaluated, and we study our options in the merger, which remains an important option all the time.
The presence of drone technology in social life and the business sector is important, and legislation must be expedited
17/05/2020
The presence of drone technology in social life and the business sector is important, and legislation must be expedited
Specialists in the technology sector stressed the importance of the presence of drone technology in social life and the business sector, noting the need to accelerate the legislation of policies and procedures that facilitate the work of this technology, explaining that the technology of drone plays an important role in light of the Corona pandemic, which suffers from its effects in the world as it supports social separation and works to All that can protect lives, as well as contribute to the development of the business mechanism of the business sector and the replacement of traditional methods.
Rabih Abu Rashid, General Manager of (FEDS drone powered solutions UAE) said during the meeting, which was organized remotely by the Asharqia Chamber represented by the Communications and Information Technology Committee Saturday, May 16, 2020, entitled "The role of drone technology in the continuity of the economy during the Corona pandemic" that drone technology contributes significantly to Reducing costs related to the services of companies and institutions, especially in light of the economic crisis imposed by the Corona pandemic, as it supports the economic sector in the continuity of the work of all services that can be played as a substitute for traditional methods, they are safe, reliable and bear risks.
Bourashd drew during the meeting, which was managed by Abdulaziz Al-Enezi, CEO
To (drone solutions KSA) and a member of the Communications and Information Technology Committee that drone technology can perform many tasks without getting bored or tired, and can also be used in saving time as it is not subject to any traffic obstruction or congestion and contributes to the delivery of products and requests and thus prevents the transmission of infection from Many diseases that are transmitted by contact.
And Burashid indicated that this technology still does not find support either by formulating procedures that authorize and support its work, noting that the drone technology is a technical device that was found to serve the systems and humanity.
For this part, Dr. Fahad Al-Ruwaili, assistant professor and consultant of cybersecurity and blockchain at the Faculty of Computer and Information Technology at Shaqra University, spoke about the future of drone technology in Saudi Arabia as one of the modern technologies that help to adopt new business models related to for example field survey and pest control.
Al-Ruwaili said that, in interacting with the services of this technology, several experiments appeared on the surface, including working to measure the temperature of some patients so that the Drones reach the injured to measure their temperature remotely, and it was also used experimentally for some suspected cases who suffer from symptoms of Coronavirus, In addition to cargo delivery experiences.
Al-Ruwaili stressed that the level of maturity about understanding this technology and its services is still in its beginnings, and that the level of awareness among governments and societies in the world is still in the beginning, and that the legislation and procedures that regulate and support the work of the drone technology are still under development, indicating that this technology has great potential but is surrounded by security precautions Stressing the need to have a system that enables all sectors, including the business sector, to benefit from their services, he said: Drone technology services may be key at times, and at other times they are supportive, especially in some rugged areas, hence the role of the legislator in enacting policies that are adopted Innovation and digital transformation that everyone can benefit from its services.
Hammad: Governance has a positive and effective role in reducing the effects of the Corona pandemic on family businesses
17/05/2020
During a meeting organized by Asharqia Chamber remotely
Hammad: Governance has a positive and effective role in reducing the effects of the Corona pandemic on family businesses
Dr. Adly Hammad, partner, lawyer and legal advisor at Hammad and Al-Mihdhar Law Firm emphasized that governance has a positive and effective role in reducing the effects of the Corona pandemic on family companies and that for companies to emerge from this crisis, they must apply the rules of governance by achieving the arrangement of the internal house, and activating the role of the Board of Directors with a contract It meets weekly, as well as activating the role of the Council of Partners, and maximizing oversight and transparency.
He said that this crisis requires companies to re-establish their strategies and achieve effective communication with partners to prevent conflicts of interest, with a focus on preparing rescue plans to face organizational crises and implement them in the best possible way, pointing out that the excess of confidence in traditional investment and weak attention to the unknown are among the reasons for not The company's ability to weather crises, classifying the sectors affected by the crisis into sectors of high, medium and low exposure, and that the latter comes as a future option for expansion in front of family businesses.
This came during a meeting organized by Asharqia Chamber in cooperation with Hammad and Al-Mehdhar Law Firm, on Saturday 16 May 2020, through the “Zoom” program, and it was titled (The Role of Governance in Protecting Family Companies from the Corona’s Pandemic Effects).
Hammad pointed out that the crisis of Corona has successive and accelerated economic losses estimated by the International Monetary Fund at about 9 trillion dollars, and the impact of this crisis has spread to owners of companies and family wealth, as a result of the imbalance in their contractual balances with many parties, which created a legitimate fear of a future situation that has become It is characterized by hazy and difficult expectations, and that governance has positive repercussions in reducing the effects of the pandemic, pointing out that governance is a more comprehensive system than the corporate system, and that each company has its own rules of governance due to the differences between the sizes and nature of companies, and the consultant is the one who ensures the achievement of Initiation of corporate governance and activity.
Hammad pointed out that governance has principles (6) that start with accountability, so that the decision-maker has the ability to clarify and justify, and passes the responsibility that guarantees the effective performance of tasks and the best existing capabilities, fair and equitable treatment for all parties, and transparency that ensures that all the company's operations and data are clear and available to Stakeholders, and ends up with a vision to establish a long-term value for achieving sustainability and growth, and outline the ethics system by creating codes of conduct and dealing with ethics of the profession.
Hammad pointed out that proper structuring with its legal and active implications and separating ownership from management is the main starting point for adopting effective governance standards, pointing out that enabling the family to participate in the management of the company in accordance with a clear institutional framework prevents any family members from interfering in other than its terms of reference Put it in the company.
Hammad said that all companies, including family, face internal and external influence factors and risks, and here comes the ability of the company's management to predict and prepare for potential economic and organizational changes, pointing out that there are many reasons that affect the ability of the board of directors to make decisions, such as unprecedented global crises ( Corona crisis), lack of knowledge of the actual damage, absence of financial preparedness and contingency plans, supply chains disrupted, and finally the absence of accurate information on the duration of this crisis.
The Royal Commission for Jubail adopts 7 initiatives to alleviate the Corona pandemic
16/05/2020
The Royal Commission for Jubail adopts 7 initiatives to alleviate the Corona pandemic
The Executive Chairman of the Royal Commission in Jubail, Engineer Mustafa Al Mahdi, estimated the volume of investment requests in the industrial cities of Jubail and Ras Al-Khair at more than 27 billion riyals during the first quarter of 2020, estimating the volume of investments in Jubail and Ras Al-Khair amounting to 755 billion riyals (out of more than one trillion riyals the Authority has invested Ownership in Jubail and Yanbu), while production capacity exceeded 148 million tons annually, indicating that the authority launched 7 initiatives to alleviate the Corona pandemic on investors in the industrial and commercial sectors.
Al-Mahdi said during a remote meeting organized by the Eastern Chamber represented by the Jubail Business Council on Friday 15 May 2020 entitled "Initiatives of the Royal Commission in Jubail to Support the Private Sector", that the initiatives are to amend the conditional allocation notices for all investors to be (24) months instead of (12) months, And the rental value is calculated in the event of an extension for an additional period and initiatives to extend the investment agreements in force or under renewal to all investors for an additional year at the same rental value without increase, as well as postponing the procedures for canceling the investment agreements for all investors due to failure or default and giving the investor We see an opportunity until the end of 2020 except for the investors who want to withdraw, and also extend the investment agreements in force or under renewal for an additional year at the same rental value without increasing and delaying the procedures of canceling the investment agreements due to failure or default and give the investors an opportunity until the end of 2020 except for the investors who want to withdraw .
Al-Mahdi indicated during the meeting that was chaired by Eng. Fawaz bin Faleh Al-Hajri and Vice-President Eng. Muhammad bin Ali Al-Qahtani that the population in Jubail is estimated at 283 thousand people during the day and 150 thousand at night and the workforce is estimated at 116 thousand workers and the number of units up to 39 A thousand housing units and the number of neighborhoods are 11 residential workers neighborhoods, explaining that the number of workers in Jubail and Ras al-Khair is 93,273 workers, pointing out that the authority formed a team to manage the Corona crisis to implement health requirements to limit the spread of the virus by working with all partners and stakeholders, by activating a system Crisis and disaster management in the cities of the Royal Commission By ensuring the continuous safety of the Authority's employees, cities, contractors, service providers and workers to help maintain the continuity of providing vital health services and the flexibility of the supply chain and industry production, and activating the Crisis and Disaster Management team with companies (the Commission on Sustainability and Industrial Integration) by working with Industries in the cities of the authority, contractors, neighborhoods of workers, and transportation service providers, which helps to continue the work and finally work with the Ministry of Health through continuous monitoring and implementation of procedures with complete discipline to reduce risks and control them to the lowest possible level, confirming the establishment of quarries Health to isolate both cities, pointing to the return of the injured to the houses after receiving the necessary treatment.
With regard to the continuation of work in the cities of Jubail and Ras Al-Khair, Al Mahdi explained that the authority took the necessary precautions to avoid being affected by business continuity as a result of the decision to prevent entry and exit from the region or the extension of the decision to include the city and emphasize a commitment to work remotely during the official work period to meet the need for work, Noting, that the number of inspection tours at factories since the beginning of the pandemic amounted to 3830 rounds, while the number of licenses issued or renewed during the pandemic amounted to 324 licenses, while the number of violations reached 17 violations and health reports received 56 reports, and the total reports and evidence reached 85 reports.
He stressed the authority’s keenness to tackle all the stalled projects, pointing out that the authority provides all solutions to save these projects before making the decision to withdraw from the investors, considering that the decision to withdraw is difficult, but it falls within the agreements concluded and is not done until after all attempts have been exhausted.
Among the actions taken by the Royal Commission for Jubail to reduce the pandemic corona distance education, where the number of students in general education in Jubail 17,539 students, 1267 teachers, and the colleges and institutes amounts to the number of students 11,128 students and 671 faculty members, and 625 scheduled through Blackboard, was the implementation of test 116 396.
Bajunaid: The Institute of Management has provided nearly 25,000 training opportunities during the past five weeks
16/05/2020
During a meeting organized by the Asharqia Chamber remotely
Bajunaid: The Institute of Management has provided nearly 25,000 training opportunities during the past five weeks
The Director-General of the Branch of the Institute of Public Administration in the Eastern Region, Dr. Muhammad Bajnaid, revealed that the Institute of Public Administration (is an independent government institution with a legal personality), during the past five weeks, it provided about 25 thousand training opportunities, confirming a promising future for distance training after the end of the Corona crisis, And that the crisis created a conviction of its usefulness, and that it is a candidate for increase in use due to the success achieved during the crisis, and pointed to the "enrichment" platform and its role in providing short training programs remotely absorbed larger numbers than before, in addition to its role in providing programs, conferences and electronic lighting, as well as to leadership performance development Academy and what they offer of practical workshops and what is owned by a large database, and what is contained in programs for promising leaders ranging from 12 to 24 months.
This came during the meeting organized by the Asharqia Chamber represented by the Training and Education Committee, on Friday 15 May 2020, through the "Zoom" program, and it came under the title (Training and its Role in Development), and it was moderated by Iman Al-Faqih, member of the Committee.
Bajunaid said that the Corona crisis increased the confidence in distance training and its ability to expand and spread more than before, as the crisis gave great confidence in completing training programs via electronic applications, as it achieved the required interaction, noting that the coming period will witness more applications for training Remotely provide greater comfort in use and achieve the full training objectives
Bajunaid stressed that training in the Kingdom is increasing, due to the high levels of awareness of its returns among institutions and individuals in society, but it needs more attention to all its components, including the training of trainers and the updating of tools and methods as well as training curricula in line with developments, indicating the need to be aware Institutions are elements of the training process and it begins with identifying needs and ends with measuring impact, so that the employee goes to the training that he actually needs, pointing out the importance of the direct head in the work identifying the needs of the employee who works with him for the training he receives, and then that measures the impact that training for employee performance.
Bajunaid pointed out that there is a diversity in the length of training programs, and that the new employee differs in his training needs from the old employee, who is in a greater need for short and focused professional programs like the employee who moves in the work from one place to another.
Al-Hafzi: Our vision is for the real estate sector to be vibrant, attractive, and characterized by confidence and innovation
15/05/2020
During a dialogue organized by the Asharqia Chamber yesterday:
Al-Hafzi: Our vision is for the real estate sector to be vibrant, attractive, and characterized by confidence and innovation
It adopts the principles of training, localization, governance, and partnership
Engineer Tariq bin Ali Al-Hafzi, Deputy Governor of Operations at the Real Estate Authority, said that the authority had adopted it since its launch two years ago
15 priorities, 18 initiatives, and 22 main indicators revolving around governance, sustainability, effectiveness, and partner service, in order for the real estate sector to be attractive, transparent, and vital, some of which entered into force.
Al-Hafzi said during a meeting organized by the Eastern Chamber represented by the Real Estate and Real Estate Development Committee and moderated by the Chairman of the Committee, Eng. Hamid bin Hamri on Thursday 14/20/2020 that the Authority prepared draft regulations that serve this orientation in the fields of "real estate brokerage, real estate contributions, real estate registration, ownership, and real estate units and sorting them "With the aim of regulating and developing the sector, its governance and setting mechanisms for resolving disputes in conciliation and arbitration, and raising the attractiveness of investment in it.
In this regard, and based on the authority’s approach to developing the sector by raising the level of its employees, Al-Hafzi touched on the academic arm of the authority, the Saudi Real Estate Institute for qualifying workers in the sector, and developing their capabilities to provide innovative real estate services, including real estate marketing, mediation, property management, and building sustainability, and prepared for that Twenty training curricula for capacity building, twenty-two thousand six hundred and eighty trainees benefited from them, pointing out that the Institute offers at present a discount on the cost of the courses it provides up to 90%, and the Institute continued to provide courses during the current period Remote mechanism.
Al-Hafzi referred to the Saudi Center for Arbitration, saying that the center affiliated with the authority is accredited to the reconciliation center at the Ministry of Justice and that the reconciliation records issued by him in resolving real estate disputes are considered an executive basis, adding that the center is electronically linked to the landlords union program and a rental platform, and it has contributed to a reconciliation with the proportion 44% of the disputes referred to him, indicating that the period of time for conciliation does not exceed 7 days and for arbitration more than 30 days.
He also talked about real estate classification and said that the authority set several criteria for classification, most notably that the establishment is able to provide real estate services in at least three activities, and works to localize and develop the capabilities of workers by passing the training courses provided by the real estate institute, pointing out that the classification certificate can Obtain it automatically within minutes if the required standards are met, 114 establishments obtained the classification certificate from the authority and 400 establishments are under the classification.
Turning to the committee for the treatment of property errors registration, which is supervised by the authority and includes representatives from the Ministry of Justice and Municipal and Rural Affairs, which is concerned with receiving any requests related to the registration of real estate property, the committee has received through its website during the past three months 615 requests, 608 applications have been processed, and the rest is under procedure Al-Hafzi said that the authority launched the real estate indicators platform in partnership with the ministries of "Municipal and Rural Affairs, Housing and Justice" and the General Authority for Statistics. The platform includes non-price indicators and price indicators for real estate types, including the average prices of residential and commercial lands. Apartments and villas in the thirteen areas and in five cities to their neighborhoods.
Asharqia Chamber discusses the implications of the Corona pandemic on the legal sector
14/05/2020
Asharqia Chamber discusses the implications of the Corona pandemic on the legal sector
Khalid Bin Abdullatif Al-Saleh, Chairman of the Lawyers and Advisers Committee in the Asharqia Chamber of Commerce, said during the meeting moderated by Lawyer Bandar Bin Shamal, Vice-Chairman of the Committee, that the law sector has suffered great harm as a result of facing the Corona pandemic, just like other sectors of society, and may even be more harmful. Being a service sector that provides services to the business sector and all members of society, noting the initiatives presented by the Ministry of Justice and other entities and bodies to mitigate the impact of preventive measures, praising the steps that the Ministry of Justice has taken and motivated to complete the business electronically and adopt the use of And continue to plead remotely, and the imposition of exchange of notes between the parties to the proceedings electronically.
For this part, member of the committee, lawyer Anas Al-Zamil, said that these conditions that the country is going through requiring all workers in the legal sector to switch to digital systems, with plans to reduce expenses during the current period, and be satisfied with distance training, in addition to postponing expansion and work To take advantage of government initiatives, noting the advantages of digital transformation, as it facilitates customer reporting and scheduling processes and reduces cost, advising flexibility in collecting fees from customers with the possibility of resorting to discount but according to a specific time frame or a specific percentage. Attorney Mohammed Sharif said that the conditions created by the pandemic may serve as an opportunity for all workers in the sector by working on self-development and potential, stressing as an opportunity to develop their own capacities, especially since the pandemic has provided several opportunities for distance training.
As for the lawyer’s member, Khalid Al Rakan, he talked about the mechanisms of remote pleading, which were included in the Supreme Judicial Council’s decision in line with the precautionary and preventive measures, in the face of the pandemic, as part of a package of decisions that included delaying all judicial sessions and continuing to consider urgent cases and activating the trial and pleading From a distance, saying: This decision requires all law firms to be fully prepared, whether humanly, that is to qualify the human resources of lawyers to deal with these developments or technologically by working on the speed of digital transformation.
The Ministry of Justice confirms the continuation "automation" of unloading and agency operations
14/05/2020
In a meeting organized by the Asharqia Chamber:
The Ministry of Justice confirms the continuation "automation" of unloading and agency operations
The assistant undersecretary for development and performance in the documentation agency at the Ministry of Justice, Eng. Imad bin Saad Al-Saeed said that a number of services provided by the ministry are now automated in record time, most notably real estate emptying, agencies, and issuance of notes... stressing that the Saudi experience is unique in this field, at the east level Middle, so we strive to develop it gradually.
He said that during the meeting was Wednesday evening 13/5/2020 titled (Offloading Remote Services and the Ministry of Justice for electronic real estate sector), organized by the Eastern Chamber represented by the Committee on Real Estate and Urban Development East Chamber and Management Committee Chairman Eng. Hamed bin Hamri The "electronic Offloading" service is now being automatically through the gate "Najz" of the Ministry, without attending to the writing of Justice.And without the need to issue a certified check, as once the seller accepts the purchase order and the notification of entry of the required amounts onto the intermediary account, which is created in coordination with the Saudi Arabian Monetary Agency, the instrument is automatically issued through a message that reaches approved cell phones.
Al-Saeed considered the step of issuing the electronic instrument as a qualitative shift in the activities of the Ministry, achieving complete dispensation of paper formulas and paper instruments, which are part of the reforms that have taken place on the activities of the Ministry, including the launch of an "ownership" platform that means customer complaints in the event that their transactions are hampered in each of The Ministries of Justice and Municipal and Rural Affairs, a process that is carried out in coordination with the Real Estate General Authority, which in turn monitors the complaint, observation, or objection and sends the results to the beneficiary, all of this done automatically, without appearing to the Ministry of Justice or the Ministry of Municipal and Village as well.
One of the new developments that the ministry has taken, according to the happy engineer - is to provide the space for those who have been granted an official license from the Ministry of Justice in the name of the “notary”, which is a field of work for holders of law or Sharia certificates or who have previous work experience in the legal field to implement electronic documentation services as an option An alternative to notaries of justice, especially in areas that have not been decided upon in electronic provisions, such as that the electronic emptying service is for individuals - not companies - and for deals that do not exceed one million riyals, and that the real estate area not exceed 2500 square meters, but in real estate that is not Have these features, YMK Dealing out by Notaries accredited.
On the issue of real estate description, Al-Saeed said that there is a project to issue an electronic instrument on real estate according to its description, in coordination with the Ministry of Municipal and Rural Affairs, and the project will see the light soon.
He pointed out that electronic unloading is taking place at the present time through one of the well-known Saudi banks, but the matter is temporary and we are working with the support of the Saudi Arabian Monetary Agency to complete the unloading through the beneficiaries ’accounts in other local banks.
He mentioned that the process is carried out free of charge, and as for dealing with notaries, this is subject to supply and demand, and according to the understanding between the notary and the beneficiary.
He pointed out great coordination with the General Authority of Zakat and Income to set the value-added tax process so that the instrument would be given a tax number, the beneficiary can verify the tax due on him, before entering into the emptying process.
Al-Amro: media in one front with the health and military sectors
13/05/2020
During the Success Partners Program:
Al-Amro: media in one front with the health and military sectors
Saudi interviewer Yasser Al-Amr praised the great role played by local media, which stands side by side with the growing role played by health and military personnel in preserving human health and safety.
Al-Amro said during the Partner Success Program organized on Tuesday, May 12, 2020, the Asharqia Chamber represented by the Young Business Council, that as we commend the great efforts made by workers in the health, military and security sector in preserving the health of citizens, we are - at the same time - applauding the number of media workers on their efforts to provide messages, reports, and programs that establish the positive situation and raise awareness, and put the truth in front of the recipient, what we are witnessing in these sectors confirms the reality of what the Saudi citizens have for their love for each other and their love for their country, we are truly a country rich in our children.
Al-Amro added that the media is going through several stages, the origin of which is the state of change, what was years ago is different from now in some aspects, except that the fast rhythm is the main feature of contemporary media, and the Corona pandemic has proven that we are going through a dangerous turn in this aspect, and we expect huge developments In the near future, as the market continues to accept proposals and creations in this aspect
He pointed out that the media at the present time - as it was previously - has multiple tools, some tools increased at the present time, multiple paths, and ways to communicate media messages, with our recognition that we lack the media or specialized journalist and specialized journalism, or the station of the region, and in this aspect, We are looking for creative ideas and introducing new products that attract more social strata, which have the ability to choose, criticize and evaluate carefully. Not everything offered on the market is accepted by recipients, they may accept or reject.
On the Saudi artistic production market, Al-Amr said that it is a market that is still in the early stage and is looking for the actors, and he needs a complete blasting of the production concepts that exist in our series, which confirms the necessity of the existence of ideas outside the familiar and prevalent, with our complete conviction of the existence of pioneering experiences that can be generalized and developed, and we must Supporting creative ideas and not restraining them, stressing the need to increase investment in the content industry, for our creativity is many, and success stories are multiple, and the Corona pandemic has proven the positive situation carried by the Saudi citizen in various sites, especially in the health sector, because our country is rich with its children
Al-Amro believes that the media was and still is a way for business leaders to reach the final consumer of goods and services, but the entrepreneur must have the idea and know the segment that he wants to address, and thus the appropriate media means to achieve this .. Stressing that within every small media entrepreneur, the problem is not In the media, but the entrepreneur himself has to own the idea and define the tools.
In this regard, Al-Amr affirms the need for entrepreneurs to know the state of the differences between generations, the scope of interests, and to identify the target group, and then determine the appropriate media for it.
Al Khafji Business Council is looking into solutions to overcome the crisis
12/05/2020
Al Khafji Business Council is looking into solutions to overcome the crisis
The Business Council of the Asharqia Chamber Branch of Al-Khafji Governorate held a remote meeting on Sunday, May 10, 2020, headed by Marzouq Al-Balawi.
The meeting discussed the developments of the crisis due to the Corona pandemic and its impact on the business sector in the governorate, as well as solutions and proposals that contribute to overcoming the repercussions of this crisis.
Al-Balawi said that the Council is keen to continue its meetings with the aim of working to discuss the challenges facing the commercial and economic sectors in the province in an effort to help the business sector in developing its strategies, and to contribute to developing appropriate solutions to overcome this crisis and educate the economic community of the most important practices and plans that will develop the financial performance of employees The sector and human resources management in proportion to the repercussions of the crisis.
A specialist calls to giving sincerely, and work responsibly
12/05/2020
On one of the social evenings in the Asharqia Chamber:
A specialist calls to giving sincerely, and work responsibly
Within the activities of the Social Responsibility Center at the Asharqia Chamber of Commerce, an evening was held on Monday evening (10 / May / 20202) under the title "Leave a Trace", during which Eng. Ahmed bin Saleh Al-Rammah spoke, during which he emphasized a number of values, most notably giving and giving a sense of responsibility, and providing the necessary specifications for them. Noting that the current time is an opportunity for every citizen to provide something for his country and society, provided that it is within the official and legal frameworks.
Al-Rammah quickly reviewed the experiences of a number of personalities in history, some of which are known and some of them are unknown to all by scientists, inventors, creators, and pioneers of volunteer work throughout history ... stressing that the one among them is their keen desire to serve their principles and values that they believe in, and they all enjoyed a number of qualities from Prior to sincerity, focus, hard work, planning, and so on, it was the product of their gift that they brought humanity to a better reality, to great phases.
He pointed out that many scholars, creators, and those who left a trail of humanity find that there is a woman behind them, either as a mother, sister, or wife.
He affirmed that those with an impact differ from others because they have 25 hours a day, while others have a 24-hour day.
In order for the individual to be able to leave a mark, he must have a plan to develop his character. The most prominent feature of this plan is that it is written, and that the planners are the ones who pray, and whoever does not have a plan, cannot leave a mark, and that the start is from the field that the person himself is good at. Stressing the need to break down barriers
He stressed the necessity of having a sense of responsibility for everyone who loves his country, especially in this period, which he considered fertile and an opportunity for everyone to play some role for giving.
The developer service center, "completion", ended the approval of about 300 plans, with an area of 516 million square meters
11/05/2020
* During a workshop organized by the Asharqia Chamber in cooperation with "completion" remotely
The developer service center, "completion", ended the approval of about 300 plans, with an area of 516 million square meters
Officials at the developer services center affirmed, "completion", which is one of the initiatives of the Ministry of Housing aimed at accelerating the pace of work in housing projects in the Kingdom and increasing the volume of investment in the real estate sector, from inside and outside the Kingdom, that the center ended the approval of about 300 plans with an area of 516 million square meters, and that it issued about 15 building permits for 11453 thousand housing units, and he held about 41 workshops and participated in 13 exhibitions to introduce the center and the services it provides to real estate developers.
This came during the workshop organized by the Asharqia Chamber represented by the Real Estate and Urban Development Committee in cooperation with the developer services center, "Completion" on Sunday, May 10, 2020 AD, and moderated by Eng. Hamid bin Hamri, Chairman of the committee, during which the participants reviewed the services provided by the "completion" and provided a detailed explanation about The electronic completion platform.
On the needs of the developers, Dr. Khaled Al-Arfaj, General Supervisor of Real Estate Development Services, said that the National Housing Strategy aims to stimulate the real estate supply and raise productivity to provide housing products at the right price and quality and enable citizens to obtain appropriate and appropriate housing finance, improve the performance of the real estate sector and raise its contribution to The GDP, in line with the requirements and goals of the Kingdom's Vision 2030.
Al-Arfaj pointed out that work was done to improve the real estate sector through the development of two basic parts, the first related to legislation, and the second to improve the business of the sector, by providing electronic services, and thus quickly meeting the needs of real estate developers, pointing out that the electronic platform for completion has played a large role in facilitating The services of the developers, especially in light of this crisis that the country is going through, and that the center enjoys special support and continuous follow-up from the Minister of Housing
"An Excellence in services in one place"
On this part, Engineer Abdul Wahab Al-Qahtani, Director General of the Developers Services Center, said that the center was established to be a platform to enable developers to develop the real estate development sector, as it works to facilitate procedures for practicing real estate development work through excellence in providing one-stop services for real estate developers, and providing the digital platform Integrated to accelerate the processes of accreditation and approvals for real estate development with stakeholders and to provide integrated consulting solutions to developers, which contributes effectively to the development of the real estate development sector.
One step to all services
Al-Qahtani explained that the center is distinguished by being a single point and one step for all services, and it receives all requests and provides requirements in a clear way, whether through the website or attendance at the center, in addition to what it provides of a specific time frame for the completion of services, whether with acceptance or reasoned refusal, as well as what it provides A group of specialist consultants and engineers to provide the assistance needed to complete the procedures, as well as its participation of the stakeholders in improving performance and developing regulations and procedures.
Integrated Partnerships
For this part, Eng. Bandar Al-Tamimi, Director of Business Development and Strategic Partnerships, spoke about the center’s system and its distinguished services from one place, pointing out that the center has integrated partnerships with a number of ministries such as the Ministry of Municipal and Rural Affairs and the Ministry of Labor and Social Development and National Water and the Saudi Electricity and Civil Defense Company In addition to the Ministry of Environment, Water and Agriculture, the Ministry of Trade and Industry, Wafi and the Communications Authority, as well as with about seven secretariats to facilitate the process of obtaining licenses.
Al-Tamimi pointed out that “Completion” offers today 31 services via the electronic platform, which starts with the approval of the initial plan and passes the request for a certificate of completion of construction and ends with the support of the request for employment and support for the two phases and requesting exceptions.
Integrated Digital Platform
Meanwhile, Engineer Yahya Al-Zahrani, Assistant General Manager of Support Services, provided a full explanation about the online platform and how to deal with it, saying that it was designed to be easy to handle and included a large package of services to facilitate the work of real estate developers.
Al-Zahrani pointed to the importance of electronic linking with various entities, the last of which is linking with 7 secretariats to request the issuance of building permits, which resulted in issuing building permits for a number of projects via electronic linking.
300 Schemes
Eng. Abdul Wahab Al-Qahtani reviewed the achievements that the center has achieved so far in the service of developers, both in terms of approving the plans initially, which reached about 300 plans with an area of 516 million square meters, updating and converting about 38 instruments from manual to comprehensive, and issuing about 15 building licenses with a rate of 11453 Thousand housing units, and finally issued about 172 developers qualification certificates.
Investors: arranging the financial situations of companies is the lifesaver of the crisis
11/05/2020
During a meeting organized by the Asharqia Chamber remotely
Investors: arranging the financial situations of companies is the lifesaver of the crisis
Investors affirmed that the Corona pandemic does not go beyond being a purely “financial crisis,” stressing the need to coexist with it through proper construction, noting that the importance of benefiting from experiences to manage operational costs to reduce losses, adding that the vision for the post-crisis is currently unclear.
Abdullah Al-Duwaish, the founder of the Java Time Cafe Series, said during a meeting organized by the Asharqia Chamber represented by the Remote Small and Medium Enterprises Development Center on Sunday, May 10, 2020, entitled "Managing operational costs in crises" and its management by Nizar Al-Awfi.
The founder of Dallah Al-Faris Cafe, that the steps are taken before the crisis determines how the procedures during the crisis, stressing the need for institutional incorporation of companies, pointing out that disasters in the business world are not an exception as they are repeated continuously between (3 - 4) years, as companies pass through difficulties, whether inside or outside Stressing the importance of financial management in a manner commensurate with the workload by building cost models and knowing the cost of products, calling for the need to employ the accountant to help in construction during work by "setting a financial and accounting system" as two basic pillars, pointing out that companies without a financial and accounting system are exposed for a loss.
He pointed out the importance of adopting transparency with employees in crises to stand with the company in order to take the appropriate decisions in their favor, calling for discussing sources of expenditures and working to reduce them to find appropriate solutions, stressing that companies are required to work for the post-crisis phase to take advantage of the vacuum that comes as a result of the low percentage of business due to a pandemic Corona, stressing the need to start after the crisis in a way to survive, especially since the post-crisis phase will be focused on fulfilling financial obligations, especially as low financial flows will prevent the ability to fulfill obligations after the crisis ends.
He pointed out that the timeline before the crisis will differ greatly, as it will witness more changes, including changing consumer behavior, which calls for thinking in providing products that are compatible with changing consumer behavior, indicating that the crisis contributed to the acceleration of the use of the digital transformation, and he expected to enter that transformation within two years. Instead of 5 years, he explained that speculation about the end of the crisis is not currently known, calling for the need to be cautious and analyze the situation continuously during the crisis, expressing his optimism from shortening the crisis to "3 months".
Abdul Rahman Al-Qahtani, the founder of Tehamiah flavor restaurant, said that arranging the financial conditions of companies is the lifeline in the crisis, pointing out that the crisis is not only "cash flows", noting that there are 83 wrong practices of financial conditions before the crisis, indicating that the current crisis did not witness The world since the Second World War, stressing the need to design a financial structure to stand on financial flows, calling for the need to focus on the loyalty of the customer and employee as the cornerstone of getting out of the crisis and after it.
He called for the necessity of delisting the least-selling and least-profitable products, with the aim of reducing total losses with the decline in demand during the crisis, stressing the need to restructure employees by adopting (efficiency density) for employees, adding that the vision after the Corona crisis is unclear, but the current stage requires monitoring Global transformations to deal with the next stage clearly, stressing the importance of taking advantage of technology in the next stage, especially as the crisis demonstrated the importance of technology in overcoming traditional methods in promoting products.
“Human Resources” affirms the unlawfulness of any arbitrary dismissal of any Saudi worker
10/05/2020
In a direct meeting organized by the Asharqia Chamber:
“Human Resources” affirms the unlawfulness of any arbitrary dismissal of any Saudi worker
The Undersecretary of the Ministry of Human Resources, Social Development for Inspection and Development of the Work Environment, Sattam Al-Harbi, warned companies against dismissing the Saudi employee, under the justification of the Corona pandemic. He explained that the Kingdom’s government has provided a lot of incentives and support to the private sector, and the Ministry has issued a number of legislations that help establishments to balance their obligations During this crisis, and consequently, statutory penalties will be applied to infringing facilities that affect workers ’rights.
Al-Harbi, who was speaking on Saturday evening, May 9, 2020, during a symposium "Governmental Initiatives to Support Human Resources in the Private Sector" organized by the Eastern Chamber represented by the Trade Committee remotely and moderated by the Chairman of the Committee, Hani Al-Afaliq, said that the Ministry and other parties in the work system have launched more than 24 initiatives aimed at mitigating The effects of the crisis on establishments and individuals alike, including the initiative to protect the contractual relationship to protect the rights of workers in the labor market during this crisis, as well as giving flexibility to business owners to balance their obligations under this crisis, as well as the initiative to support enterprises affected by this crisis through Sanid Initiative to bear the salaries of 70% of Saudi workers, in addition to many other initiatives to facilitate facilities such as lifting the suspension of support for the payment of fines received for Zakat and Income Authority observations, suspension of penalties for wages protection violations, extending the deadline for payment of violations for more than 120 days, as well as implementation Exemption from financial compensation for expatriates whose residency expired from March 18 to June 30, 2020, in addition to many other support initiatives provided by the Development Bank.
Al-Harbi reviewed all of these initiatives, stressing that they provide systemic options for workers to agree upon before resorting to force majeure, as employers and workers alike benefit from them, all to mitigate the economic effects of the precautionary measures taken by the state to combat the Coronavirus.
He stressed that the labor regulation by adding Article 41 to the executive regulations of the labor law and its explanatory note, has set requirements that the employer must follow before resorting to the use of the principle of force majeure, explaining that it is not permitted during the six months mentioned in that article for the employer to fire any Saudi worker, and will apply Regular penalties for infringing facilities, without prejudice to the right of affected workers to claim all their statutory rights, stressing that the current exceptional situation will be applied to exceptional penalties, revealing that the ministry continues to oversee the installations and granting priority to follow up on violations related to In the separation of the Saudis.
Al-Harbi also mentioned that the provisions of the work system are ongoing, whether by the usual way or by working remotely during the pandemic, where the employee is subject to the supervision and authority of the employer.
For this part, Director of Inspection and Collection in charge of the General Organization for Social Insurance, Ibrahim bin Youssef Al-Olayan, said that there is the support provided by the institution during the pandemic period through the "Sand" program, for a period of 3 months, with compensation amounting to 60% of the average wages subject to participation for the last 24 months, "which directs For Saudis who have been unemployed due to the crisis, provided that they have not joined another activity and have not reached the legal age due for insurance salaries, as well as participating in insurance.
He added that the small and medium enterprises get 100% support if the number of their Saudi employees is five or less and more than 5 Saudi employees are allowed for the establishment to submit an application for 70% of the number of participants who meet the conditions, and the establishment has the right to benefit from Article 41 provided by the Ministry of Human Resources, That allows them to reduce salaries and working hours for their remaining subscribers if the conditions of the article apply to them.
He pointed out that the "SANED" program had stipulated a 12-month subscription in normal circumstances, but in the current circumstances, four months were limited to the related periods by 1/1/2020.
As for the Deputy Director-General of the Human Resources Development Fund for Employment Support Ahmad bin Saud Al-Mujaysh, he confirmed the continuation of support to the facilities employed for Saudi youth, through the employment support program, which supports retroactively from 7/7/2019 and the application ends on Sunday 10/5/2020 where The fund reduced the minimum support amount from 4,000 riyals to 3200 riyals exceptionally for back-up support and the upper limit by 15,000 riyals by 30% and up to 50% or 3,000 riyals, whichever is less than the salary for 24 months with the program continuing to support enterprises in support of new employment Calling on institutions and companies that have not completed their procedures to quickly enter their accounts in Al-Rana You agree to the electronic agreement and enter the bank's IBAN number for the facility in order to disburse the support.
He said that some technical cases are subject to the necessary treatment, out of the Fund's keenness to continue support, to maintain the level of work in private sector institutions,
He added that the fund management has launched an initiative to support delivery through applications through the self-employment platform at 15 riyals per request and a maximum of 3000 riyals per month with a number of initiatives to support remote training through the Droub platform and provide a set of targeted training courses,
In an intervention by the Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, he praised all government efforts in supporting private sector activity and supporting citizens in facing this pandemic ... stressing that the citizen and the private sector are in safe hands and that the next is better.
Family consultant: Corona crisis is an opportunity for self-development
09/05/2020
In a direct meeting organized by the Asharqia Chamber
Family counselor: Corona crisis is an opportunity for self-development
Under the title (Ramadan Family Stations), the coach and family consultant Dr. Ayoub bin Khaled Al-Ayoub urged a set of ethics that should be restored and the intention to deepen it in the souls during the holy month of Ramadan and in the period of curfew, which is a valuable opportunity for self-development and addressing many negatives.
In the direct meeting organized by the Asharqia Chamber represented by the Business Women Center Friday (5/8/2020), Al-Ayyoub focused on the attribute of "tolerance", as he said that it is one of the benevolent behaviors that God Almighty described in the Holy Quran as "beautiful forgiveness", which means starting from the new page in dealing with others, explaining that "hatred means allowing others to live in our minds without paying rent, and if that abuser does not deserve forgiveness, he should pay rent, and the most beautiful thing in a Muslim is to sleep and there is no cheating, envy, or hatred in his heart one.
He stressed the necessity of making the intention to improve the relationship with others, especially those close to them (family, children, and grandchildren), based on the noble hadith: “Your good is your best for his family.” This matter is not a luxury nor a luxury, but rather an intention in the heart that is reflected in the behavior and dealing, which should It carries the qualities of a dream, tolerance, and goodness in general.
He believes that the enjoyment of these behaviors means a true understanding of life, saying that many people do not discover the true meaning of life until they are about to die (or at calamity), then they pay attention to the deepest meanings of life and realize everything that they have missed, while we are supposed to live life, It is not a "rehearsal" that can be re-scenes, and this should be behavior. It is not necessarily a crisis for us to remedy our situations. The crisis is an opportunity to restore our roles and develop from our lives, but change is supposed to be part of our daily behavior.
He pointed out that adults (parents and brothers) are role models with or without intent, and if they see them who are younger than them in an active and keen situation for self-development then this is reflected on the conditions of the whole family, hence staying in the house imposed by the Corona pandemic is an opportunity to sit with individuals our families, and we are working to develop ourselves.
The Logistics Committee discusses with its counterpart in Bahrain
09/05/2020
The Logistics Committee discusses with its counterpart in Bahrain
On Wednesday, May 6, 2020, the Logistics Committee of the Asharqia Chamber headed by Rakan Al-Otaishan discussed with its counterpart in the Bahrain Chamber headed by Sonia Janahi, a member of the Board of Directors and head of the Coordination Group of the Committees
Development proposals that streamlining crossing of Bahraini trucks across the King Fahd Causeway.
The meeting also reviewed a number of initiatives that contribute to increasing trade exchange between the two countries during this period and to compensate for the shortage of trucks due to the Corona pandemic.
Al-Oteshan said that coordination is continuing with colleagues in Bahrain to discuss appropriate solutions that contribute to helping the sector on both sides and promoting trade between the two countries.
During a meeting held by the Asharqia Chamber through the "Zoom" application
08/05/2020
During a meeting held by the Asharqia Chamber through the "Zoom" application
Al-Enezi: Zakat and income initiatives aim to provide cash flow to establishments, mitigate some negative effects, and motivate them to grow during this current period.
The head of the Cabinet Department and government agencies in the General Authority of Zakat and Income, Abdullah bin Bashir Al-Enazi, emphasized that the relationship between the authority and the economy and its leaders from the owners of establishments in the Kingdom is a participatory relationship and that the initiatives launched by the authority came in implementation of the royal orders to develop incentives and initiatives aimed at Mitigating the effects on the economic sectors as a result of the precautionary measures taken by the state to confront the Coronavirus, and they all aim to provide establishments with cash flow, ease obligations and stimulate them to grow during the crisis.
Al-Enezi said, during the meeting held by the Asharqia Chamber represented by the Contracting Committee on Thursday 7 May 2020, through the application of "Zoom", and was managed by a member of the Chamber's Board of Directors and Chairman of the Contracting Committee Hamad bin Hammoud Al-Hammad, and came under the title (initiatives of the General Authority of Zakat and Income to reduce the financial and economic impact on the sector the private sector), the initiatives launched by the authority to mitigate the effects of the pandemic on the private sector, is a multiple set of facilities for taxpayers, with the aim of mitigating negative effects and facilitating Zakat and tax procedures, noting that it included postponing the period from March 18, 2020, until June 30, 2020, The payment of zakat, as well as income tax, withholding tax, for value-added tax and selective goods tax, as well as postponing the payment of taxes for value-added and selective goods at customs.
Al-Enezi explained that the initiatives also included the suspension of imposing fines for late payment of installments and imposing fines for modifying declarations on taxpayers, as well as suspending fines for non-cooperation of taxpayers and examination fines, and indicated that zakat certificates will be granted without restrictions from the declarations of 2019 and expand acceptance of requests for installments Without requiring advance payment, in addition to expediting the payment of refund requests to all economic establishments, indicating that the implementation of the procedures for stopping the services of taxpayers and seizing funds will be suspended until the date of June 30, 2020, so that the suspension of taxpayers who stopped services will be lifted. They are already helping them and enable them to exercise their economic activity.
Regarding the exemptions, Al-Enazi said that until June 30, 2020, the registered taxpayers will be exempted from fines for delaying the submission of the declaration and the penalty for late payment, as well as the fine for modifying the declaration, in the event of disclosing a tax due to the authority or submitting declarations not previously submitted, noting that payment must be made or to apply for a maximum installment plan dated June 30, 2020, The taxpayers of non-registered, they will be exempted from the fine delay in registration, and a fine late submission of approval, and a fine of late payment in the event of their obligations during the period of the initiative of the registration and submission of declarations and payment of dues.
Al-Enazi provided an explanation explaining the dates of the maturity of submitting and paying monthly and quarterly VAT returns, noting that the declarations due after 30 June 2020 AD will not be postponed and their entitlement will remain on their primary date and that the second-quarter period for VAT will not be postponed and will remain The entitlement to the return on its primary date, as well as an explanation clarifying the due dates for submitting and paying selective tax returns, and the date for submitting zakat and income tax returns for the fiscal year 2019, noting that in the event that the due date for raising the zakat return or income tax for the period from T On March 18, 2020, until June 30, 2020, the period will be extended for a period of 3 months from the due date.
Al-Enazi also reviewed the schedules of entitlement tax returns due dates and talked about postponing the payment of selective goods tax and value-added tax in customs to registered taxpayers, and how to pay the deferred selective tax on selective goods imported to the Kingdom, and indicated that the imports that will start from the date of 1 July 2020 won't change dates and will be repaid in accordance with the customs provisions and rules of the ordinary and that all Commission initiatives apply to all types of taxes.
The Hospitality and Leisure Committee discusses solutions to the sector's challenges
08/05/2020
The Hospitality and Leisure Committee discusses solutions to the sector's challenges
The Hospitality and Leisure Committee of the Asharqia Chamber, chaired by Deputy Chairman of the Board Hamad bin Muhammad Al-Bouali, held its meeting on Wednesday, May 6, 2020, in which it discussed the impact of the crisis imposed by the Corona pandemic on the sector and appropriate solutions to overcome its challenges,
The meeting also reviewed coordination to hold a number of meetings with specialists in addition to the programs and activities that discuss the sector issues.
Al-Bouali said that the committee is continuing to hold its meetings to discuss ways to address the obstacles facing the sector and its affiliates to come up with realistic solutions that contribute to coming up with ideas and proposals that contribute to creating opportunities from the reality of crises.
Al-Hamza: Our goal is for small businesses to continue to perform, especially in the field of employment
08/05/2020
While he denied the existence of a liquidity problem in the Saudi market
Al-Hamza: Our goal is for small businesses to continue to perform, especially in the field of employment
The Director of the Supervision Department emphasized in charge of the institution of finance companies by the Saudi Arabian Monetary Mohammed bin Abdullah Al-Hamza Foundation was keen to economic stability, and to work on the sustainability of small enterprises and medium-sized performance at present, and the future, it has been allocated for this purpose 50 billion riyals to help these facilities within a group Programs implemented by banks and finance companies.
This was mentioned during the direct meeting organized by the Asharqia Chamber represented by the Finance Committee (Wednesday 6/5/2020) under the title (Monetary Agency Initiatives to Reduce the Financial and Economic Impact on the Private Sector) and moderated by Zaid Al-Yaish, the Chairman of the Committee, that the Foundation is based on its role in activating monetary policy tools And enhancing financial stability, including enabling the financial sector to support private sector growth. Within the framework of supporting the state’s efforts to combat the Corona Virus (COVID-19) and mitigate its expected financial and economic effects on the private sector, especially on the small, medium and micro enterprises sector, it worked on preparing several programs amounting to about (50) billion riyals It aims to support the private sector and enable it to play its role in promoting economic growth.
He added that the Foundation for this purpose has carried out a number of programs aimed at supporting the financing of small and medium enterprises, aimed at mitigating the effects of precautionary measures to combat the Coronavirus on this sector, in particular reducing the burden of fluctuating cash flows and supporting the working capital of this sector and enabling it to grow during the next period and contribute In support of economic growth and maintaining employment in the private sector, of these (deferred payments program), an amount of (30) billion riyals has been deposited in favor of banks and financing companies, in exchange for deferring the payment of dues to the financial sector (banks and financing companies) for a period of six months at The small and medium-sized enterprises sector, starting from the date of March 14th, confirming that banks are ready to place other deposits if necessary.
He went on to say that one of the programs adopted by the Foundation to confront the pandemic, and for the aforementioned goal is (the lending financing program), and secured financing, the Foundation has provided cash liquidity amounting to 13 billion and 200 million riyals to banks and financing companies, with a view to granting loans to the SME sector aimed at supporting Business continuity and growth of this sector during the current stage, and that contributes to supporting economic growth and maintaining the levels of employment in these facilities, and falls within the deferred payment.
Al-Hamza added that the Foundation and within the (financing guarantees support program), deposited an amount of (6) billion riyals to enable the financing agencies (banks and financing companies) to exempt small and medium enterprises from the costs of the guarantees program for financing small and medium enterprises loans (guarantees) with the aim of contributing to reducing The cost of lending to facilities benefiting from these guarantees during the fiscal year 2020 and supporting the expansion of financing.
In this regard, he said that the Foundation has allocated 800 million riyals to support payment fees for all stores and private sector facilities for a period of (3) months, whereby the institution bears through fees for the benefit of the payment services providers participating in the national system.
He pointed out that there is a great response from banks and financing companies, and the benefit is clear. We have about 50 thousand contracts, payment payments were postponed, 400 financing contracts granted within the secured financing program and 600 guarantees issued, all during the past month and a half, which are numbers that confirm the extent of taking advantage of the programs offered by the Foundation.
He said that the institution stimulated banks and finance companies to review credit policies in line with the current conditions, and we provide guidance for cooperation with clients, and we have found a great response from banks as they redesigned some procedures, and made it possible to provide a website for remote communication with clients.
He said that the institution does not intend to obligate banks with anything, but every applicant of any bank or financing company must know the reason for not granting the loan and can benefit from the programs of the General Authority for Small and Medium Enterprises, as it has programs to achieve communication with the financing agencies directly, in addition to that the financing options available and not limited to a single bank or company, in addition to that the customer can convince the bank of his idea by providing evidence of the feasibility and profitability of his project.
With regard to individual clients, he said that the institution issued several circulars to banks and financing companies that loan payments are postponed to individuals who lost their work during the pandemic period, and in the case of their income level falls, banks are obligated to reschedule the debt ratio within certain limits, and in the event that the individual customer defaults Before a pandemic, certain formulas can be reached with the bank or finance company.
Al-Abdali calls on companies to confirm alternative plans based on preserving customers and employees
07/05/2020
Al-Abdali calls on companies to confirm alternative plans based on preserving customers and employees
Shura Council member, founder, and CEO of Mix Marketing Consultancy Dr. Obaid bin Saeed Al Abdali expected that the Saudi local markets will witness a huge boom in growth after the Karuna pandemic and that the resulting losses will be compensated within 6 months after the crisis. Calling on all companies (especially small and medium enterprises) to find alternative marketing plans of action during the crisis, founded on maintaining customers and employees.
Al-Abdali said during the meeting of the success partners organized by the Asharqia Chamber represented by the Young Women Business Council (Tuesday 5/5/2020) remotely titled "Crisis Marketing Strategy" that companies during the crisis period differ from them in normal days, given the presence of marketing plans and clear business strategies, and even Companies continue to operate during crises,And to minimize losses, you need to manage costs, manage communication with and maintain customers, and manage reputation, which includes preserving employees, understanding the company’s family, because any dissatisfied employee may destroy the reputation of an entire company, while a happy employee will be a gain for the company in a crisis and post-crisis.
Al-Abdali pointed out that marketing is a search for the need and desire of customers and satisfying them in return, from here any company seeks to preserve its name and reputation, it must ensure the fulfillment of customer desires, so it must in times of crisis to review pricing strategies, deepening communication with customers, and maintaining the members of its family (which are the employees)
He pointed out that the magnitude of the vulnerability during the crisis depends on the type of commodity provided by companies, as there are commodities necessary for daily life (such as food, drinking, etc.), as these commodities did not stop the demand for them, but perhaps increased, and luxury leisure goods (they are semi-suspended), and goods that can be postponed (such as a home, car, tourist trip, etc.), and it is somewhat deferred. Hence, companies - whatever their type of goods - must have a policy of survival, and this can only be done through communication with customers, flexibility, optimism, and thinking outside the box.
He mentioned that marketing is flexible and that changing the marketing method if it is in line with the needs of the public and customers, is an urgent need for many institutions,
For service companies said that the one who puts the difference between the goods and services is that the service is not evaluated only after you receive it, and do not know the results only after submission, from here, the customer does not mean the service institution only if its reputation is good, and if the company has different value-added others are closest to stay, in the crisis or even in the time of crisis.
Al-Abdali called on all companies to have speed and initiative in responding to any rumors that concern them and undermine their reputation, by presenting the truth as it is, and the rumor was reported by a scientific mechanism, evidenced by the efficiency of the Ministry of Health (and all government agencies concerned) and its ability to communicate the facts and repay the rumors in a way scientific upscale.
The Director-General of "MODON", guest of the Asharqia Chamber talking about supporting the industrial sector in the face of the Corona pandemic
06/05/2020
The Director-General of "MODON", guest of the Asharqia Chamber talking about supporting the industrial sector in the face of the Corona pandemic
Asharqia Chamber hosted the Director-General of the Saudi Commission for Industrial Estates and Technology Zones "MODON", Eng. Khaled bin Mohammed Al Salem, in a virtual meeting organized to highlight the precautionary measures and initiatives to support the industrial sector in the face of the emerging Corona pandemic.
Eng. Al Salem stressed that the file of labor housing in the industrial cities will witness development and organization during the coming period, where the Supreme Committee for Labor Housing is working on a daily basis to find appropriate solutions to organize this matter and develop requirements, indicating that "MODON" has issued during the recent years a guide for building labor housing and has been It is applied to residential complexes for which it has allocated sites in the second industrial city in Dammam, while residential complex sites are being allocated in the third industrial city in Dammam.
He added that “MODON” recently launched an initiative to temporarily housing workers inside the factory according to a set of preventive and health requirements and controls, and it continues to provide it until the end of the new Coronavirus crisis, and with its end, there will be a two-month deadline for factories to remove temporary housing, noting that “MODON” participated in the “Bridging” team to link factories that have redundant labor to factories that have a shortage of labor.
Al-Salem recommended that industrialists must adhere to obtain operating licenses from “MODON” so that they can benefit from initiatives and incentives that help them overcome the Corona pandemic, including reducing the annual rent by 25% until the end of the year 2020, while postponing the payment of financial fees for a period of three months (90 days). In addition to the exemption from fees for engineering plans approval and contract amendment fees until the end of 2020.
The period of building the factories has been extended to 36 months instead of 24 months, and the extension of the operating licenses until the end of the current year 2020, as the number of beneficiaries of these initiatives and incentives has reached nearly 1,800 beneficiaries so far.
He pointed out that more than 400 security men undertake the follow-up of the application of precautionary measures around the clock in the industrial cities, with the implementation of more than 900 inspection rounds in 22 industrial cities in which 70 observers participated, adding that "MODON" addressed its partners through all available media and technical means to adhere to the preventive measures And health practices, curfews, and adherence to factory entry and exit controls.
He said: According to the Royal Decree, the return of the activity has been linked to the continued commitment to the instructions, procedures and preventive measures imposed by the competent authorities, and we are looking for the clarifications of the Ministry of Human Resources and Social Development with any directive to cancel the previous precautionary decision to reduce the percentage of workers in administrative offices.
And regarding the suspension of work in the main offices of the factories, Al-Salem continued that the supreme order stipulated that general contracting companies and factories are allowed to operate, but the resumption of work in the main offices needs clarification by the Ministry of Human Resources and Social Development while following up on the commitment of government directives on this, in addition to implementing inspection and oversight tours To follow up and initiate the violations and submit them to the competent authorities to punish the violators, which may reach the closure of the violating establishments, in order to protect the workers and their families
The Director-General of "MODON" reported regarding the second industrial city in Dammam that the generalization of the partners was implemented by applying additional health precautionary measures to isolate the city, and preventing entry and exit from it from Sunday, May 3 until further notice, with the exception of freight and freight operations, while the circular included the operation of vital factories. A third of its capacity, and allowing the entry of managers, engineers, and workers in it, without leaving them during the embargo.
He explained that to ensure the continuation of production operations during the period of preventing entry and exit from the industrial city, the necessary arrangements must be completed before 3 pm, starting from Sunday, May 3 in addition to the speed of transport of the administrative and operational staff necessary for the continuation of production operations, while allowing them to reside in residential facilities Existing within the industrial city, or applying on the "MODON" website to obtain approval to live inside the factories while adhering to the required conditions.
He went on to say that “MODON” also initiated the coordination and implementation of visits to the pharmaceutical and food factories and access to their availability, and the implementation of 180 visits to vital factories, the closure of the recreational area and public places, and also the coordination and implementation of visits to factories with high labor intensity and to see their readiness and report to the Ministry of Industry and Mineral Resources, coordination With the government committee formed to visit the workers 'residence, in addition to ensuring the cleanliness and sterilization of the administrative building from outside and inside, the cleanliness and sterilization of the sidewalks in the commercial complexes, the residential area and Lake "MODON", and the cleanliness and sterilization of the workers' housing "three times" Daily ", in addition to requiring the contractor workers preventive inputs" masks and gloves "and measuring the temperature of the workers on a daily basis, and the implementation " spraying Insecticides "and cleaning and sterilizing containers in the industrial city.
Al-Salem stressed that “MODON” continues to support female entrepreneurs and women entrepreneurs through the agreements signed with the Aramco Center for Entrepreneurship Ltd. “Waed” and the initiative of “SABIC” National Company “Nassand” to provide the pillars of developing small and medium enterprises and enhance local content.
He concluded by noting with interest the Saudi Vision 2030 to achieve food and drug security, noting that “MODON” as one of the main bodies to achieve the goals of the vision, it hosts 6 industrial cities in the eastern sector that have more than 100 food factories and 19 medical factories among a product under construction, of which more than 55 A food factory and 8 medical factories in the second industrial city in Dammam, and the rate of growth of pharmaceutical activity in industrial contracts reached nearly 70% during the year 2019 compared to the year 2018.
The Director-General of “MODON” concluded, noting that the distribution of industries within the industrial cities is taken into consideration during the design stages of the general plan for each city. It extends for more than 30 years, and for each stage, the areas required for development are determined according to needs, the volume of demand, and growth expectations. At each time stage, the general plan and distribution of industries are also reviewed in order to keep pace with market changes.
For this part, the board member of the Asharqia Chamber, the Chairman of the Industry and Energy Committee, Ibrahim bin Mohammed al-sheik, valued the interaction of cities with the Chamber’s initiatives, stressing its leadership role in supporting industrialists and its contribution to providing a distinctive practical environment and educating the business sector to help them overcome crises, especially in what the industrial sector now faces from the effects of the Corona pandemic.
Al-Sufyani: The periodic evaluation of companies is safety for the present and future
04/05/2020
Al-Sufyani: The periodic evaluation of companies is safety for the present and future
Administrative advisor Abdul-Basit Al-Sufyani stressed the importance of a state of evaluation with companies, and that the process is permanent and continuous, but it is confirmed during crises. He explained that the evaluation is a comprehensive examination of the company’s situation based on specific and defined criteria, which reads the current reality and maps the future picture.
This came during the directly transferred lecture organized by the Asharqia Chamber represented by the Center for Small and Medium Enterprises Development (Sunday 3/5/2020), as Al-Sufyani explained that management scientists see that the evaluation of companies is more like a comprehensive health examination, which a person must conduct from time to time to check on Its health, and they see that companies are a vital entity, that is, a defect somewhere that affects the entire system, so they called the evaluation the term "health" of the organization and by that they mean the organization's capabilities to perform its tasks assigned to it, in a way that guarantees the safety of performance and competition today and in the future
Al-Sufyani said in the lecture titled (the need to evaluate the company in an organizational way in crises), that companies are nothing more than plans, resources and working methods that move within a specific environment and are affected by the external environment, which includes politics, economics, society, legislation, technical development and so on. He explained that some factors (such as the political environment or legislation, etc.) can not be affected by any company as well as controlling it, and the companies do not have more than a response to it and good reading, but some other factors can be monitored and plan to deal with them such as competition and resource movement and sources.
The lecturer reviewed a number of evaluation methods, the most prominent of which is the method (sot) method of change management and management of institutional evaluation, and he sees the best and most comprehensive of the seven-way McKinsey method, which believes that companies consist of seven components (plans, structuring, systems, business methods, human resources, skills, shared values), and for evaluation to take place, a set of questions and notes should be directed to each of these components, which each affects each other
He believes that each company must have (strategic plans) based on numbers and planning mechanisms so that they are comprehensive and integrated, with clear objectives and written operational manuals. Accordingly, each company must have a clear and specific (structuring) of tasks and responsibilities in accordance with clear written (systems) and policies, according to which (working methods) are determined, and the status of (human resources) and its mobility according to any (shared values) such as responsibility, transparency and so on.
In order to assess, records said that each of these items raised around him a number of questions for the purpose of assessment through which knowledge of the current situation (positively and negatively), and then the evaluation and correction.
The Commercial Committee's team is searching to support the sector through government initiatives
04/05/2020
The Commercial Committee's team is searching to support the sector through government initiatives
A working group of the commercial committee of Asharqia Chamber, headed by Hani Afaleq held Sunday, May 3rd, 2020 remotely, a meeting in which research work to identify government agencies in support of the private sector during the current crisis by the pandemic in order to host Corona to review initiatives to support the sector.
Al-Afaleq said that the committee aims to help the sector to advance its work in light of the current crisis and contribute to the development of a working mechanism that supports the national economy.
Al-Afaliq said that the sector is working to keep up with the aspirations of the rational leadership to continue achieving the achievements and focus on seizing opportunities in the midst of crises and creating initiatives that would help the sector to fulfill its roles.
The logistics committee is searching allocating lands for transporters
04/05/2020
The logistics committee is searching allocating lands for transporters
The Logistics Committee of the Asharqia Chamber, headed by Rakan bin Abdul Rahman Al-Otaishan, held a meeting on Sunday, May 3, 2020, remotely, in which it discussed communication with the Eastern Region Secretariat to discuss the issue of allocating lands to land transport companies.
Al-Otaishan said the committee is working to communicate with the logistic committee in the Bahrain Chamber to discuss strengthening cooperation and exchanging experiences to serve the sector.
Al-Oteshan said that the committee is continuing to hold its meetings to contribute to supporting the sector, discuss its challenges and come up with logical solutions that help it evaluate its conditions and achieve achievements amid the current crisis.
Almuqbel: 3 fundamental reasons behind the partial lifting of the curfew, and the Kingdom is going through the "summit" stage
01/05/2020
Almuqbel: 3 fundamental reasons behind the partial lifting of the curfew, and the Kingdom is going through the "summit" stage
The director of medical services at the Royal Commission for Jubail, Dr. Muhammad Al-Muqbel, explained that there are substantial reasons behind lifting the partial ban on commercial activities starting from Wednesday, foremost among which is the leadership's confidence in the citizen in adhering to the instructions and preventive measures, in addition to knowing the virus centers and surrounding them in various regions of the Kingdom, as well as the desire to Reducing the economic, social and psychological impacts that call for the gradual lifting of the ban.
During the meeting organized by the Asharqia Chamber represented by the Business Council in its branch in Jubail (Thursday 30/4/2020) under the title "Health reserves to be taken in the commercial establishments of workers," the next doctor expressed great optimism about the general situation in the Kingdom, which he described as currently going through the "summit" stage In the fight against the epidemic. Pointing out that the stages of virus activity are three (escalation - summit - refraction), and the Kingdom in the second stage (summit)
He attributed the increase in the number of injuries in the Kingdom to the active survey of places of high risk (random neighborhoods, labor housing, crowded places).
Almugbel pointed out during the meeting which moderated by Deputy Council Chairman Eng. Muhammad Al-Qahtani that the global epidemic affected 3 million and 200 thousand people in the world, about one million died, about half a million recovered, and for us in the Kingdom, the number of injured people reached 52 thousand, 161 died, and about 361 people, and in Jubail, the number of injured reached 453 cases, 10 of whom recovered, and nearly two of them died.
He explained that the health system in the Kingdom succeeded in trapping the virus, as concentrated care is able to absorb cases of corona infection and took strict and courageous measures, and he did not approach the method of "herd" which many countries incurred heavy losses due to this method, which depends on allowing the virus to spread and infect everyone and then Obtaining immunity ... indicating that the risk of corona lies in the rapid spread, while the death cases did not exceed 4% - 5% in the Kingdom, while the death rate of SARS virus reached 10% and the Middle East Syndrome 15%, stressing that the majority of cases of corona infection in the Kingdom In the elderly, or those who suffer from a lack of pain Obesity, or people with chronic diseases.
He pointed out that the Kingdom has a pioneering experience in dealing with viruses. During the period 2002-2008, it dealt with the Karuna virus, which ended and became ineffective, and in the year 2015 we passed the Middle East Syndrome virus and also ended, and viruses usually end either with the presence of a specific vaccine, or that the virus Himself mutates and its danger ends, and now we are in a new experiment with this virus, whose seriousness lies in the speed of its spread. He said that the age of the virus varies according to the surfaces on which it sticks (steel 72 hours, paper 24 hours, wood 24 hours), stressing the social divergence to avoid Transmission of the virus, he added, is currently on liability S citizens to abide by the precautionary measures.
He reviewed the methods of virus infection, methods of prevention, the most prominent of which are (social distances, non-handshake, non-touching of the face, constant hand washing and other preventive measures, stressing that the ball is nowadays in the crosshairs of citizens, who must continue the march of prevention, guarding and achieving divergence Social.
He also talked about many measures that should be taken at the present time after opening commercial centers, on each of (the customer, employee, materials, store or warehouse), most of which revolves around a commitment to all of the aforementioned precautions, stressing the need to support the work option from the distance, especially for the groups that can do chores from homes
He stressed the issue of worker housing and said that a special team has been formed in this regard to monitoring the situation in Jubail, which includes representatives of companies and contractors whose goal is to implement the procedures to be observed in the workers housing, and that the authority is in the process of preparing a health quarry for workers to follow up on positive cases to isolate them from the rest of the workers Because any positive situation will require examining all contacts close to it.
Regarding the late appearance of the examination results, he said that this is due to the great pressure on the laboratories, as not every hospital performs this examination because of its seriousness so that one of the hospitals took this step, and a positive situation emerged that required the hospital to be closed temporarily, but with the recent deal with China, the examination period will be shortened.
He denied that the health authorities carry out sudden surveys on homes, and if they become, they will be arranged in a better way, but the survey continues on high-risk areas.
He explained that there is no medical supervisor or clinics for small companies other than large companies, considering that the pandemic gave a lot of lessons, which necessitates studying it after the end of the epidemic.
The municipality of the region: The Eastern region is a promising front for investment and contributes 60% of the gross domestic product
01/05/2020
During a meeting held by the Asharqia Chamber represented by the Business Youth Council
The municipality of the region: The Eastern region is a promising front for investment and contributes 60% of the gross domestic product
The Undersecretary of the Secretary for Investments in the Eastern Province Municipality, Engineer Hamdan Al-Balawi, confirmed that the eastern region is a promising interface for investment, as it contributes with 60% of the national GDP, and comes in second place as the highest living income for families in the Kingdom, as it is the lowest in unemployment rates from Among the regions of the Kingdom, at least 2.7 million tourists visit it annually, pointing out that it is a young region, as the youth in its population reaches about 38%.
Al-Balawi said, during the meeting held by the Asharqia Chamber represented by the Business Youth Council on the first Thursday of April 30, 2020, through the application "Zoom", and it was titled (the role of the Eastern Region Secretariat in supporting entrepreneurship), that the eastern region is making great progress towards keeping pace with the goals and aspirations of the vision. To develop its services and reduce procedures in front of investors, pointing out that it is a promising area for investments, especially in the local tourism, entertainment and hospitality sectors, the agriculture and fishing sectors, logistics and transportation, as well as other manufacturing sectors such as the pharmaceutical, machinery and equipment sector.
Al-Balawi pointed out the initiative of the 15,000 investment opportunities launched by the secretariat with the beginning of the current year, and through which it has compiled all the proposed, untapped, expired and unfinished investment assets to be offered over a period of 4 years at a rate of 4000 investment opportunities every year.
Al-Balawi reviewed a set of investments that the region is witnessing, such as the recreational commercial project for generations of the Boulevard, in Dhahran City, which is located on an area of 37.309 square meters, the Fish Market Project, the Central Awamiya Project, the Abdullah Al-Hadari Center Project, and other investment projects that will have a significant impact in achieving The goals of the Municipality in the eastern region and achieving its distinction.
Al-Balawi talked about the role that the Secretariat plays in order to stimulate entrepreneurship and improve the quality of life, saying: One of the goals of the Secretariat is to raise the quality of life in line with the Kingdom's 2030 vision, and that it works in more than one direction until it attained an advanced rank in achieving the satisfaction of the population, whether in its regions Civilized or rural, so I aimed to light the roads, pave them and increase the green area, provide an urban structure and preserve the natural environment and appropriate infrastructure, confirming that the Eastern Region Municipality supports residential and services sites and investment services and strives to improve the region and distinguish it, indicating what I got The Secretariat has many awards regarding its goals towards excellence, so the Secretariat has achieved 100% in its contribution index for electronic transformation, as well as at the fourth level out of 168 government agencies.
Asharqia Chamber discusses ways to increase revenues for small projects in light of crises
30/04/2020
Asharqia Chamber discusses ways to increase revenues for small projects in light of crises
Asharqia Chamber discussed represented by businesswomen Yesterday, April 29, 2020, through the “Zoom” program, and was moderated by Lubna Abdulaziz, which emphasized the pioneering governmental role in managing the crisis in a healthy and economic way and presented enterprises with initiatives that Unprecedented in order to support it in overcoming the crisis, a set of incentive means and mechanisms to increase revenues for small projects, the best marketing strategies for sales growth, and how to optimize the use of electronic applications to maintain business continuity in crises.
During the meeting, Omar Rabhan, Vice President for Communication and Public Relations at Hungerstation, stressed that the customer's behavior in e-procurement went through a three-stage Corona crisis that began with some kind of reservation of e-purchasing, and then the demand for the basic things, and ended with greater expansion in the area of e-procurement with The opening of restaurants, pointing out that after two weeks of the crisis and began to appear what might be called the new basics of electronic purchase.
Rabban said that the first days of the crisis, sales of restaurants decreased to about 90%, but began to rise with the opening of it, noting the importance of complementary work in light of crises and that it is the best solution to overcome crises and even turn them into opportunities.
And Rabhan expected that with the complete relief of the crisis and the return of life to normal, there will be a great reluctance of consumers from electronic purchase, especially in the first period of the return of life, due to the people yearning more to go out and shopping, stressing that this is a natural matter that is followed by stability, but successive increase Online purchasing area.
Fatima Batouq, who owns a women's club, pointed out that risk management in small projects is largely dependent on the quality of leadership, who leads the organization and is responsible for its management and the flexibility and speed it has in response to dealing with crises, as well as the ability to make decisions, and thus the facility to reach stability desired.
For this part, Samar Al-Sail, an accredited international coach, said that digital transformation is the modern alternative and the winning card in the near future, noting that during the Corona crisis there was a big boom in electronic purchasing and what broke the frequency barrier for many for electronic dealing.
Al-Sayel stressed the necessity of developing the strategy for any establishment, regardless of its size, advising entrepreneurs to invest in strategic plans, being the first supporter of business continuity, expansion, and support, especially in light of crises. The clear strategy strengthens the performance of the facility and qualifies it to be the best.
The Health Endowment Fund receives more than one billion riyals from national companies
30/04/2020
Ten initiatives to combat the Corona epidemic:
The Health Endowment Fund receives more than one billion riyals from national companies
The Executive Director of the Health Endowment Fund, Dr. Ibrahim Al-Haidari, stated that during the Corona crisis, the Fund received contributions exceeding one billion riyals, provided by 35 national companies, including 500 million energy companies, 160 million from banks and 67 million from insurance companies, while the field of individual contributions will be opened soon.
This came during a meeting of the Endowments Diwaniya organized by the Endowment Committee at the Asharqia Chamber yesterday, Wednesday 29/4/2020 and moderated by the journalist Mohammed bin Abdulaziz Al-Mousa, and it was titled: "The Health Endowment Fund and its Role in Sustainable Health", as he explained that the Fund launched 10 initiatives to deal with a pandemic Corona, including Research and medical studies specialized in treating the Coronavirus worth 17 million riyals, delivery of medicines to patients who are unable to obtain them, providing alternative methods for dialysis patients, the deployment of mobile clinics in densely populated neighborhoods, supporting ambulance transport, supporting healthy volunteer activity, and providing Alternatives to Shepherds Home health.
He emphasized that the health endowment sector needs specialized people who deal with the sector professionally, such as its relationship with government institutions, private sector institutions, and community members, and the endowment role directed to the health sector in general, pointing out that the world today is experiencing a unique experience in the field of endowments directed to activities Health, It finds that the assets of some endowment institutions in countries like America and Britain are estimated in billions. The largest health endowment in Britain operates with a capital of up to 24 billion pounds, while the capital of endowment institutions in America ranges between 20 - 40 billion dollars, because of the conviction of such Orientation, so that 60-80% of primary health care institutions there are provided through non-profit institutions, behind which endowment institutions stand, and that about 3,000 non-profit hospitals are backed by endowment organizations.
On the other hand - Al-Haidari says - we are in the Kingdom despite our great legacy, and our society's love for charity, there is not - until now - a specialized endowment for the health field, despite the existence of endowment institutions with great experience, but they have general endowment services, therefore our experience is still modest in this side.
He stated that the priority at the current stage is to tackle the Corona crisis by focusing on it in the areas of exchange because the fund relies on 140 charities as partners in the field.
He mentioned that the fund is currently working on setting the general strategy, expected to be issued in the next few periods, pointing out that the fund’s membership is granted to each person who donates a value of one million riyals, as the membership will be continuous and not limited to a period of time, stressing that the fund is moving to be a strong and influential civil arm in The health sector, which is a complex and complex and its challenges are many and ongoing.
He said that the fund's fundamentals are to generate a productive sector and reach a loving society for giving, noting that Vision 2030 set targets and programs by recognizing the non-profit sector for the first time, recognizing that 50% of the endowment sectors have weak health information, in addition to the fact that 80 % Of donor institutions are not satisfied with the level of services provided in the health field.
The Awqaf Committee holds its meeting and reviews its programs
30/04/2020
The Awqaf Committee holds its meeting and reviews its programs
The Committee of Religious Endowments held at Asharqia Chamber meeting Wednesday, April 29, 2020, under the chairmanship of remote Ayed Al-Qahtani where he reviewed the most prominent initiatives during the crisis imposed by the pandemic Corona and praised the decisions and actions taken by the wise leadership to confront that crisis.
The meeting also discussed several axes, including activating the media and public relations in the committee to highlight its activities and initiatives, the importance of partnerships with the relevant authorities, and strengthening the communication mechanism with the Awqaf Authority.
Al-Qahtani said that the committee will continue to hold its meetings to discuss everything new and related in the charitable endowment sector, noting that the committee is implementing its activities and programs remotely as it hosts specialists with the aim of disseminating information and awareness to society and the business sector about the endowment sector.
The Chairman of the Asharqia Chamber: the return of economic activities gradually, reflects the Kingdom's ability to control and contain the virus and deal with its challenges professionally
28/04/2020
The Chairman of the Asharqia Chamber: the return of economic activities gradually, reflects the Kingdom's ability to control and contain the virus and deal with its challenges professionally
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the royal order to allow some economic and commercial activities to perform its activities partly, but reflects the Kingdom's ability to control and contain the virus and deal with its challenges with high professionalism, and at the same time achieve commendable results for the most harmful economic activities from the consequences of the procedures Precaution and preventive measures that were taken at the beginning of the crisis, noting the need for business owners to follow the controls and requirements for the return of their businesses laid down by the state and to sense responsibility and adhere to preventive measures, so that the relevant authorities can continue to confront the virus and spread effectively.
Al-Khalidi stressed the great successes achieved by the state, thanks to God Almighty, and then the directives of the shrine of the Custodian of the Two Holy Mosques and the Crown Prince, in confronting the virus and reducing its health and economic consequences for citizens and residents, pointing to the huge package of programs, initiatives and financial allocations approved by the state to stand next to the sector Private sector and its pioneers in light of this global crisis, (and it is crossing safely and with minimal losses, human or economic), pointing out that since the outbreak of the Coronavirus and its classification as a pandemic, And the state took a set of unprecedented measures to limit its spread, which made it a model in applying the highest levels of preparedness, requiring its actions and precautionary steps in many countries of the world.
Al-Khalidi pointed out that the gradual return of economic and commercial activities will undoubtedly stimulate the cycle of economic activity in the country, and enable the activities concerned to start carrying out their idle actions, considering that the return of some businesses to practice their activities is a sign of a greater return to doing business.
The health committee search the challenges of the sector
28/04/2020
The health committee search the challenges of the sector
The Health Committee of the Asharqia Chamber held its tele-meeting, in which it reviewed the effects of the Corona pandemic on the sector.
The Committee Chairman Saud Al-Thumairy said that the meeting praised the measures taken by the rational leadership that aimed to alleviate the effects of the crisis on the health sector and provide significant support to the business sector.
Al-Thumairy indicated that the committee continues to hold its meetings during the crisis to limit the challenges it faces and provide appropriate solutions to it so that we can all overcome this pandemic.
Corona crisis increases the sales of many Saudi companies
27/04/2020
In the direct meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center:
Corona crisis increases the sales of many Saudi companies
Companies face many challenges, treating them "proper planning"
The direct meeting organized by the Asharqia Chamber represented by the Small and Medium Enterprises Development Center on Sunday evening (4/26/2020) stressed the necessity to deal with the details of the current Krona crisis with the utmost logical level, and that the optimism is based on basic essential data in this regard.
The guests of the meeting CEO of (OTO) Mohammed Al-Razzaz, the consultant and general manager of (KONIS) for the Gulf States, Abdullah Al-Khaldi, stressed the importance of having plans to work in the medium and long term .. stressing the distinction of the Saudi precautionary experience on the health and economic levels.
The meeting, which was titled (innovative solutions for business continuity for small and medium enterprises in light of crises) was moderated by the head of the Saar International Group Hatem Abu Alou, as a number of proposals were presented for business continuity, including those that affect human resources, including those that affect the mechanism and method of activity.
On this side, Muhammad Al-Razaz said that the situation is difficult, and we have to assess the situation in a logical manner, because we are in a real crisis, affecting all institutions, especially the large ones, by virtue of having a large number of employees, but at the same time, we must be well aware that we are not the only ones in this The situation is, it is a global crisis that includes everyone, yet we see that there are good opportunities that we must monitor and promote.
He said that one of the solutions that took place during the crisis was that some companies transformed their sales representatives into commodity delivery staff and that a company specialized in partial recruitment of restaurants employed an additional number of professions of delivery representatives to restaurants to meet the need of the delegates, as well as the case, we found that some companies turned To companies leasing labor, in addition to that some companies have turned to electronic selling and have benefited from the services of companies that support such an approach and develop electronic solutions for them.
He pointed out that the Kingdom's experience in dealing with the crisis deserves the world to stop and study it, we have steps to deal with the crisis in terms of health and economic terms, and indeed we have seen that some companies have benefited from the crisis and increased their sales, and now have another problem in employment.
For his part, Abdullah Al-Khaldi said that the situation confirms the rule: “ one of them good problems.” The crisis emphasized the need for flexibility in companies in more than one location such as supply chains, distribution departments, data, and so on. Companies must know the locations of their shortcomings and work on processing. We have witnessed many institutions that have taken several measures due to the crisis, for example, restaurants have established extensive relationships with a large number of applications directly without intermediaries, and therefore the crisis was a source of a more practical approach to the activity.
And he stresses the need to grow with the customer base through the clients themselves, and focus on any existing source of income instead of looking for new sources of income,
The two parties agreed on the necessity of trust in God, and that any action taken to deal with the crisis and provide a solution for institutions or citizens is at the heart of religious, moral and humanitarian responsibility.
The trade committee reviews the challenges of the sector
27/04/2020
The trade committee reviews the challenges of the sector
The Commercial Committee of the Asharqia Chamber, headed by Hani Al-Afaliq, discussed the impact of the Corona pandemic on commercial activities in the Eastern Region and the challenges they face during its recent remote meeting.
The meeting praised the measures of good leadership that mitigated these negative effects on the business sector, and the committee discussed the most important obstacles with the importance of communicating with the concerned authorities to develop appropriate solutions for them.
Al-Afaliq said that the committee will continue to hold its meetings to review the challenges facing the commercial sectors in the region with a view to addressing them in coordination with the relevant authorities.
"Kafala": The loans applications of small and medium enterprises rise 3 times during the Corona crisis
25/04/2020
In a direct meeting held Thursday:
"Kafala": The loans applications of small and medium enterprises rise 3 times during the Corona crisis
The Director-General of the Kafala Program of the General Authority for Small and Medium Enterprises / Hammam Hashem noted that the Saudi Arabian Monetary Agency (Sama) has become responsible for the percentage charged by the program from the establishments as a result of guaranteeing its loans from banks and financing agencies, for the period from the fourteenth of last March Until the end of this year, and you have to mitigate the effects of the Corona crisis on the small and medium enterprise.
This came during the meeting organized by the Asharqia Chamber in cooperation with the Information and Awareness Committee in Saudi Banks, which was held on Thursday (4/23/2020) and moderated by the Secretary-General of the Committee, Talaat Hafez, where Hammam indicated that the program continues to support it directly through the program of funding guarantees support and the deferral payments program. Supported by the Saudi Arabian Monetary Agency for small and medium enterprises by postponing payments for a period of 6 months to the institutions that received financing during the period from March 14 to the end of 2020 and exempting the facilities from the sponsorship program fees.
He said that the Kafala contracts to which the program is committed to guaranteeing 80% to 90% of them for the benefit of banks and financing agencies have increased since March 14 by nearly 3 times, despite the challenges of the situation caused by the krona pandemic that enables the client and the financing agency to communicate.
He added that the number of establishments benefiting from the guarantees of the program reached 2258 establishments in 2019, by issuing approximately 4,000 guarantees worth more than 4.8 billion, while the value of financing for the projects of these establishments amounted to 7.3 billion riyals, indicating that the program since 2018 - 2019 raised The ratio of guaranteed debts to the total loans issued in favor of small and medium enterprises from the financing agencies from 4.8% to 9.1%.
He suggested that the Kafala program aims to provide financial guarantees to enhance the access of the small and medium enterprises to the necessary financing through strategic partnerships through innovative tools supported by the rules of the program, noting that the program aims to provide bank guarantees with the financing agencies as soon as possible, explaining that the program is not for profit and aims For sustainability through preserving capital and reducing risks, pointing to the program moving to develop the human capital working in it through the existing knowledge and databases, following the latest technologies.
He stated that the program’s age is 14 years, as it was established with a contribution between the Ministry of Finance and Saudi banks with a capital of 200 million riyals distributed equally between the two parties with the aim of supporting small and medium enterprises, indicating that the program has worked since its establishment under the management of the Industrial Development Fund in 2006, pointing out that The program since 2006-2015 within the limits of 200 million riyals and has only one product that covers up to 1.6 million riyals, but with the launch of the Kingdom’s vision the program’s capital has been supported to reach 1.6 billion riyals and with the contribution of several government agencies, for this, the program launched several new products that helped in Supporting small and medium enterprises.
He pointed out that December 2019, the high order was issued to establish a program to guarantee financing under the supervision of the General Authority for Small and Medium Enterprises, "establishments", which enhances the complementary roles to support and empower the small and medium enterprises sector, which will increase the volume of its activity, and the total loans that guarantee it will increase from 1.5 billion In 2012, it reached 7.3 billion in 2019, while it provided guarantees worth 4.8 billion riyals in 2019, benefiting 2480 small and medium enterprises, achieving a growth rate of 80%.
Based on these data - according to Hashem - the program provided guarantees for about 29,000 establishments during 14 years, while the total value of the guarantees amounted to 4 billion riyals, and the guarantees issued were 16 billion riyals, indicating that the most beneficiaries are the Riyadh region, then the eastern region, followed by the Mecca region Al-Mukarramah, while other regions started to register remarkable growth.
He stated that the most prominent activities that benefit from the guarantee service of the program are "retail trade, construction and maintenance, manufacturing industries and service activities", indicating that the percentage of durability or guarantee that the program bears is 80% for traditional activities, this percentage rises to 90% if it is The activity is distinctive: "tourism, supply chains, franchisees, communications, and information.
He pointed out that the value of coverage for small and medium enterprises amounts to 2.5 million riyals (coverage is the value of the guarantee and not the value of the loan) and the value of coverage for medium enterprises reach 15 million riyals, noting that the program receives 1.5% wages for issuing guarantees in the usual cases and in promising areas and facilities Businesswomen or one of the targeted sectors, for example (tourism), the percentage drops to 1%. Note that these percentages are borne by the end of the year through the financing guarantees support program supported by the Saudi Arabian Monetary Agency.
And on the mechanism of obtaining the guarantee from the sponsorship program, it was made clear that the owner can communicate directly with the bank or the financing agency, which in turn submits the application to the program, or registration through the "finance portal" on the website of the General Authority for Small and Medium Enterprises, which facilitated the process in front of the facilities, and opened The field of obtaining the best financing offers, and a sponsorship program that studies the requests received, and the decision is not taken by an individual but rather through a credit committee that operates according to certain professional standards, including that the project be officially documented with a valid commercial record, and that the funding to support the project is not For speculation in any Another area, and that funding will be used in favor of the core activity as well as other criteria such as Saudization and the field of activity, and profitability is one of the criteria (out of 13 criteria), and not everything is in providing security. In conclusion, Hammam stressed that the program continues to support small and medium enterprises to overcome this crisis.
The Businesswomen Council reviews its programs
24/04/2020
The Businesswomen Council reviews its programs
The Executive Council of Businesswomen at the Asharqia Chamber of Commerce headed by Maram Al-Jishi held a meeting in which he reviewed the measures of good leadership, may God protect him in supporting the national economy and protecting the business sector from the effects of the Corona pandemic.
The meeting, held on Wednesday, April 22, 2020, discussed at a distance a number of ideas, the most prominent of which are: Women and Industry Initiative, Women in Technology Initiative, in addition to the guidelines for empowering women in leadership positions and boards of directors.
Al-Jishi said that the council continues to discuss the challenges of the sector in light of the current crisis, with proposing appropriate solutions for it through its periodic meetings, in addition to proposing initiatives that contribute to raising awareness of the women's business sector in the eastern region.
The Finance Committee reviews its activities
24/04/2020
The Finance Committee reviews its activities
The Finance Committee of the Asharqia Chamber, chaired by Zaid Al-Yaish, held its meeting in which it discussed the most important challenges facing the financial sectors due to the Corona pandemic and the most important proposed solutions to take advantage of the expected opportunities,
The meeting held on Wednesday 22 April 2020 also reviewed a number of the committee's programs and activities aimed at providing awareness to the sector on how to deal with the current crisis.
Al-Yaish said that the committee continues to hold its meetings remotely, during which its discussions discuss the challenges facing the sector and the initiatives that contribute to overcoming these challenges in light of the current crisis, in addition to many programs and activities of the committee.
Al-Qahtani: The Corona crisis presents promising opportunities for the merchant and the consumer
22/04/2020
Al-Qahtani: The Corona crisis presents promising opportunities for the merchant and the consumer
A member of the Executive Council of Businesswomen at the Asharqia Chamber and the owner of the electronic store (Nashq) Nouf Al-Qahtani confirmed that the current time is a positive opportunity for the pioneers to launch some of their projects, and it is also an opportunity for consumers to benefit from the offers presented by stores and institutions, therefore there is a positive element on the economy in front of this crisis.
Al-Qahtani said in the direct meeting organized by the Khobar Entrepreneurship Complex of the General Authority for Small and Medium Enterprises in cooperation with the Young Women’s Business Council in the Asharqia Chamber that the time is right to seize the opportunity for entrepreneurs, except that they are called to focus on the content and harmony with the conditions brought about by the current crisis .. Focusing on shape is a successful mechanism to attract consumers, who order high-quality goods on time.
On the other hand, she mentioned that many electronic stores, especially those specialized in the field of perfumes, offer multiple offers to consumers, who have to take advantage of offers in the current period through these stores in line with personal budgets .. The estimated volume of spending on purchasing perfumes is approximately 2.7 billion in the world.
Huge developments in the delivery sector and the Secretariat calls for commitment to standards
21/04/2020
In a meeting organized by the Asharqia Chamber
Huge development in the delivery sector and the Secretariat calls for a commitment to standards
The data of the "Challenges and Opportunities for Delivery Applications" confirmed that traffic in this market more than doubled than it was before the Krona virus crisis, at a time when the Eastern Region Secretariat stressed the need to follow recommendations and adhere to health standards.
The meeting was organized by the Center for the Development of Small and Medium Enterprises in the Asharqia Chamber of Commerce, and it was presented directly on Monday evening (20/4/2020) with the participation of Dr. Abdul Rahman Al-Shuhail (representative of the Eastern Province Secretariat), and each of Sami El-Helwa, owner of the application "Mint" for delivery, and Abdel Aziz Al-Mousa, owner of the “Shaqardi” application, under the management of Enosoft CEO Louay Lubna.
On this side, Sami El-Helwa said that the current situation is exceptional, and represents a real shift in the delivery market, expected to continue at its level after the end of the crisis because the technical orientation and reliance on applications to obtain daily needs has become a life behavior for citizens, due to the requirements of prevention and non-curfew And staying at home .. pointing out that such a situation is witnessed in all global markets, which reached the size of the delivery market with about 120 billion dollars, of which 40 billion dollars is made from the big shopping centers (supermarkets).
Regarding the introduction of additional technologies in the delivery market, Al-Helwa said that many of the developed technologies, which are not currently on the market if we want to implement them, this requires more legislation and regulations, as well as the need for all parties to the marketing process (the consumer, the merchant, the owner of the application) to develop, but that We see that we are moving in this way, especially as the experiment is on its way to rooting more.
As for Abdulaziz Al-Mousa, he explained that the size of the delivery market has increased by about ten times in the Kingdom, and despite our lack of accurate information on the number and size of requests implemented by applications daily, but it can be estimated in millions, and I find that the crisis created many opportunities, the e-commerce sector was promising, but it Now it has been strengthened and this is a healthy thing that serves the national economy and serves the economic cycle, and I believe that it contributed to solving part of the problem resulting from the crisis, especially since all applications are operating under the auspices of a government agency that supports them and seeks to overcome the difficulties before it which is the General Authority for Communications and Information Technology.
As for the representative of the Eastern Region Municipality’s Dr. Abd al-Rahman al-Shuhail, he explained that all connection representatives of electronic applications are following instructions, and are therefore subject to the supervision of the representatives of the Municipality and the municipalities that are affiliated with it .. Reviewing a number of measures implemented by the secretariat before the crisis, such as sterilization and control of markets and stores commercial and other.
He said that the Secretariat has taken several steps and is working to support the delegates and make them aware of peaceful and health laws, regulations and standards, expressing his hope to follow up on the new instructions from the Secretariat in this field.
The Environment Committee reviews ideas for developing the sector
17/04/2020
The Environment Committee reviews ideas for developing the sector
The Environment Committee in Asharqia Chamber held its meeting Thursday, April 16, 2020, remotely, in which it discussed the impact of the Corona pandemic on the sector.
The meeting concluded with discussing a number of initiatives, the most important of which are: facilitating the renewal of licenses for factories, activating the payment feature of banks, and facilitating the payment of financial abstracts with government agencies.
The meeting discussed the most prominent ideas that contribute to developing the working mechanism in the sector, including a partial exemption from tax for representatives of the environmental sector to encourage their work in light of the current conditions and intensify and monitor the work of the landfills.
In addition to the renewal of the rehabilitation of companies working in medical waste in the Eastern Region for a period of six months, due to the increase in the quantities discharged from hospitals and also the possibility of their pollution.
He also reviewed the importance of warning to violators for the first time, the lack of immediate application of violations, automatic renewal of factories for a period of a year or six months, renewal and immediate granting of the environmental certificate to new factories.
With a grant of 6 months to meet the requirements.
Al-Mousa: Changing daily behaviors will drive e-commerce further after the Corona pandemic
17/04/2020
Within the success partners program in the Asharqia Chamber
Al-Mousa: Changing daily behaviors will drive e-commerce further after the Corona pandemic
The co-founder of the text company "Nass" for content industry Mr. Mohamed bin Abdulaziz Al-Mousa explained that the Corona pandemic crisis - despite its many damages - involves a number of opportunities that can be seized, especially in the areas of electronic commerce, developing personal skills, and starting projects, but the matter Requires specific tools, including audacity, attention, and more.
He said during the direct meeting organized by the Asharqia Chamber (on Thursday 16/4/2020) represented by the Young Women Business Council within the "Partners of Success" program and managed by the Council Chairman Najlaa Al-Qadir, that the crisis affected more than two million people in 160 countries and the resulting damage is expected. It is natural for certain procedures to face the situation to appear and may lead to negative economic outcomes, but we - at the same time - find that reality witnesses many opportunities, some of which are good, appropriate and ready as well, some of which are present but difficult, and we must know that the large companies that we know have emerged In times of crisis similar to this one.
And on the available opportunities in such times, he said that the current time is an opportunity for those who want to start work and that the fields of work in electronic commerce is the fertile field that is the pillar of the future. The daily behavior of citizens depends on this type of trade, which is expected to continue more after the crisis, so the large area of work areas are accessible to the initiators.
He pointed out that the time of the crisis has also become an opportunity to develop areas of work through the home, such as sports training and distance work, and that those who study programming will find areas of work for them at the present and in the future as well, as well as the content makers will find tremendous opportunities at the present time not in the health field, but even in the entertainment and cultural fields.
He explained that every person can create an opportunity for himself if he possesses the necessary tools, then the opportunity may be favorable, but the owner is not ready, or does not have the necessary ingredients to monitor the opportunity and turn it into a reality .. indicating that seizing the opportunities needs boldness and attention, so many opportunities pass We have a certain confusion and spoke to us, so we need the skills to search for opportunities and then turn them into reality, and the most prominent of these skills is the transfer of ideas from the world of mind and thinking to something tangible, and then talking about and consulting about it, to take its place on the ground.
He pointed out that the presence among those looking for opportunities is an important step in realizing opportunities and turning them into a tangible reality ... stressing the need to get away who are excessively pessimistic, and not to rely on those who are always optimistic about optimism, so there must be a balance in everything
And on the main mistakes that the opportunity makers have is the lack of balance in seizing opportunities, some opportunities do not wait for the delay, and some do not accept speed and urgency, and this depends on the type of opportunities and the level of competition
He stressed the need to read experiences, learn about world events, increase specialist knowledge, and not be embarrassed about asking for help from anyone and not wait for quick response to the request ... stressing the need to help others and achieve success through them.
Al-Jawaini: We have new initiatives that we will launch after completing their preparation
17/04/2020
In a remote meeting organized by the Asharqia Chamber represented by the Young Business Council
Al-Jawaini: We have new initiatives that we will launch after completing their preparation
Turki Al-Jawain, Director General of the Human Resources Development Fund (Hadaf) urged all companies and institutions to benefit from the fund's support, knowing that they do not require any papers or documents other than registration in the application of (Taqat).
Al-Jawaini said during a remote meeting organized by the Asharqia Chamber represented by the Businessmen Council on Thursday 16/4/2020 under the title (Initiative to support the employment of Saudis for small and medium enterprises) that the registration procedures are simple and the response from the fund quickly, especially with regard to small and medium enterprises, is necessary to register their employees in programs the funds is (Sanad) program as both initiatives are complementary to each other.
Al-Jawaini said that about 80,000 Saudi citizens were employed from June 1, 2019, with salaries ranging from 4 thousand to 15 thousand riyals, knowing that there are new initiatives for support that will be announced in due course.
Al-Jaweeni added: "The registration end date has not been determined yet, noting that only 50% have been registered so far, and we aspired to register 100%."
He stated that the fund at the present time works within an integrated system to deal with the crisis and work after the crisis, and we are currently looking at the most affected and working to support them, and we will not delay in introducing any support mechanisms as needed. He pointed out that there are a number of initiatives that are still under preparation that will be launched once they are completed and elaborated. He emphasized that the fund through its representatives in all regions works together with businessmen and owners of small and medium enterprises and the Saudi employee and will not provide an effort to support the private sector and employ Saudis, this is our goal and mission and he said that the management of the fund and its branches in various regions of the Kingdom work together to support the sector Private and employment support .. Emphasizing by saying: "We do not claim perfection, there are problems that may happen here and there, but we communicate with everyone to avoid them and make the support process run smoothly for all of the fund's beneficiaries.
Al-Khaldi: The additional initiatives ensure business continuity and achieve the necessary protection for the labor market
16/04/2020
Al-Khaldi: The additional initiatives ensure business continuity and achieve the necessary protection for the labor market
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the approval of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz - on the package of additional initiatives, which the government presented today, Wednesday, April 15, 2020, in order to support the private sector in light of its confrontation to limit the spread the new Coronavirus, which was represented in supporting, exempting and expediting the payment of the dues of the private sector, saying: (The approval confirms our complete keenness on the continuation of the private sector’s role in development, the unlimited support that the sector enjoys in its auspicious era, and the extent of its keenness and tireless follow-up of the importance of work On Mitigating the social and economic impacts of the pandemic's consequences on private sector establishments), pointing out that these initiatives would achieve the necessary protection for the private sector, and provide it with cash liquidity to help it overcome the negative effects of the pandemic, and enhance its continuity in practicing its economic activities.
The Custodian of the Two Holy Mosques had taken a number of royal orders in support of the private sector, in early April, to bear the state for three months 60% of the salaries of Saudi workers in private sector enterprises affected by the repercussions of preventive and preventive measures to limit the spread of the new Coronavirus.
Al-Khaldi said that the state has greatly reduced the effects of precautionary measures on the private sector, offering on behalf of itself and all business sector in the eastern region, thanks and appreciation to the position of the Custodian of the Two Holy Mosques, and His Highness the Crown Prince, for what they offer in order to reduce economic repercussions and mitigate the impact Corona response measures on the private sector.
The Training and Education Committee looking for suggestions to support the sector
15/04/2020
The Training and Education Committee looking for suggestions to support the sector
The Training and Education Committee of the Eastern Province Chamber held a remote meeting on Tuesday, 14 April 2020, to discuss the impact of the new Coronavirus outbreak on the private education and training sector.
The Committee Chairman Khaled Al-Jwaira said: The meeting reviewed a number of points, the most prominent of which is how to exit from this crisis by planning the current stage and the beginning of next year, as well as excluding private education and training from social insurance programs to support the affected enterprises.
Al-Jwaira added: We also discussed how to cover the delay of parents in paying tuition fees, the impact of this on the payment of salaries, how to maintain job cadres, and the mechanism for benefiting from the items mentioned in Article 41 of the executive regulations of the labor system added by the Minister of Labor decision dated 8/13/ 1441 AH, to achieve the common interest of all parties to the educational process.
Experts and specialists call facilities to implement innovative solutions and achieve mergers
13/04/2020
During the meeting of Manpower Solutions in crisis:
Experts and specialists call facilities to implement innovative solutions and achieve mergers
Emphasizing the positivity of the Saudi worker and his effectiveness in the crisis
Companies are invited to find a ready plan to face a crisis such as Corona
The meeting of "Manpower solutions in the event of crises", organized by the Asharqia Chamber represented by the Center for Remote Development of Small and Medium Enterprises (yesterday evening 12/4/2020), stressed a number of innovative options and solutions to overcome the effects of the Corona crisis that affected all small and large enterprises. Noting the necessity to restore the stereotypical view of the Saudi worker and employee, and to go towards mergers.
Speakers said during the meeting, which was managed by specialist Abdul-Rahman Al-Bassam, that the crisis was an opportunity for many internal procedures in companies, including the regulation of financial and administrative aspects, as well as human resources, and the need for all facilities to plan for crisis management was confirmed.
During the meeting, Human Resources Consultant Khalid Al-Shniber said that the procedures of the government of the Custodian of the Two Holy Mosques were exceptional, comprehensive and also fast, including those concerning the workforce.
For this part, legal advisor Obaid Al-Obaid said that the basic rule that everyone must abide by is the necessity of solidarity. We went through the crisis in several stages in terms of employment and human resources, the first was the stage of shock, as things were not clear, then followed by the recovery phase, as The Ministry of Human Resources saved what could be saved, then the second stage came, which is to prevent any amendment that affects the working relationship except by consensus. The Ministerial Decree (74) was issued which was clarified well, as the worker and the employer were placed in front of three options, each one with the consent of the worker, Which is to reduce the wage of the worker or to give him leave Nucleolus or exceptional leave, and the decision clear included Saudi and non-Saudi, has allowed the decision to the employer terminate the employment contract if the parties agree not to be a condition of the beneficiaries of support.
He pointed out that the option of mergers and acquisitions between small and medium enterprises is contained during the crisis and beyond as well, and that it is very important to take advantage of some programs such as (Ajir) to hire workers .. calling on all direct services companies such as water and electricity for more initiatives to support companies and citizens.
The CEO of Center for Affaq Management Consulting Ali Al Eid said that the crisis hit everyone, and everyone affected by even the excluded sectors, which made it necessary for everyone to take certain precautionary measures to prevent infection from reaching the market, the first orientation of the facilities is was the awareness of staff.
He stressed the need to develop a crisis management plan, which was not present in most small and medium enterprises, and some large enterprises as well, and the state of transparency with employees must be deepened and seek to find common solutions based on a partnership between the two parties (worker and employer), an option that is supposed to It is present in establishments in the pre-crisis periods, and it should continue after the crisis.
He stressed the importance of having innovative solutions and taking advantage of lessons from crises, reading global experiences in such situations, and achieving administrative communication between all departments and departments of work in facilities.
Almajdouie: Supporting SMEs is an option for commercial banks to maintain their profitability
10/04/2020
Almajdouie: Supporting SMEs is an option for commercial banks to maintain their profitability
The founding partner of Raed Investment Company called on businessman Omar Almajdouie to all local commercial banks to raise the level of financial support for SMEs in the Kingdom, and not to confine themselves to large companies, stressing that the SMEs sector is witnessing successive developments, and banks should support them if they want to maintain their profitability.
This came during the direct meeting organized by Asharqia Chamber represented by the Eastern Businessmen's Council under the title "Cash Liquidity for SMEs under the Crises" as he praised the step of one of these banks that began to allocate 30% of his investment portfolio to finance SMEs.
He pointed out that the Coronavirus crisis has contributed to creating complete paralysis of some sectors such as aviation and tourism, while some economic sectors have entered into a semi-paralysis stage such as restaurants and ready-made clothes, while they have contributed to the revitalization of some sectors such as health, medicine, and logistics sectors, as well as the technology sector that has registered growth Significantly, he expressed his hope that the markets will gradually return to their previous level within the next few months.
Almajdouie called on companies to find a suitable mechanism to reduce expenses by maintaining the level of liquidity as well as reducing costs, especially in light of the current conditions, warning at the same time of the option to lay off employees, especially as companies will face difficulty in obtaining employment with the end of the crisis, calling for the need to put 6-month plan to meet the current difficult conditions.
He also stressed the importance of SMEs to switch to e-shopping, to cheapen its cost compared to traditional methods, as well as their opportunities to grow more in the coming period, estimating the size of e-shopping growth by about 15% globally.
He suggested that innovative companies despite their importance but may be subject to failure, and the proportion of risk with high, with an estimated projects globally failed by about 85%, while not successful projects 10% - 15% exceed approximately, which explains the reluctance of funding agencies to provide loans, And he cautioned against resorting to borrowing at the beginning of any new project in the near future and looking for other methods of financing such as partnerships, which reduce losses, especially if the partner is suitable, as an added value.
On the logistical sector, he said that it is one of the sectors that can grow in the future, as it is one of the most receptive sectors of technology, especially in the field of delivery, which was estimated last year at 200 thousand - 300 thousand daily requests in the Kingdom during 2019 while witnessing a high level of growth during the crisis is the best actual option.
Al-Bakri: The Kingdom's experience in dealing with "corona" should be studied for future generations
10/04/2020
In a meeting organized by the Logistics Committee of Asharqia Chamber:
Al-Bakri: The Kingdom's experience in dealing with "corona" should be studied for future generations
Huge developments on the levels of electronic commerce and technical transformation The post-crisis situation will not be the same as before and this is the evidence.
The crisis has taught us the need for preparedness and support the national industry.
The Undersecretary of the Ministry of Communications and Information Technology for Postal and Logistical Services Eng. Khaled Al-Bakri stressed that the post-crisis situation in the Krona virus will not be in the pre-crisis situation, especially in the field of technology transformation in various economic activities. All the initiatives that we expect to take are a time period measured in years launched in For weeks, the Saudi experience in this regard will be "the story of an experience to be told for future generations."
This came during the meeting, which was organized over the air logistics committee of ASharqia Chamber moderated its dialogue committee member Othman Al-Zahrani, focused on "the future of the logistics sector in the Kingdom and the challenges of the Corona crisis," he said that the conditions were a surprise, but the official reaction to Saudi Arabia was quick decisions proactive initiatives of digital transformation Led by His Excellency the Minister of Communications and Information Technology His Excellency Eng. Abdullah Al-Sawah.
Avoided a lot of problems and made us reap many results, and prompted us to work on that benefiting from the crisis to be more powerful and coherent, because under these circumstances we did not feel harm, and the services were not disrupted, everything is available, and it is sufficient for example to start the e-commerce Significantly, community services applications and platforms were launched, connecting service providers and beneficiaries, and opening doors for many job opportunities that were at the event level.
In this regard, he stated that we, as citizens, are present in our homes, but there are elements and representatives of government agencies that watch over our comforts, such as security men and health men, and other sectors work with them, including logistics support personnel in delivery platforms, and others who have contributed to the safety of life and continued harmony without the feeling of inferiority in any field.
Accordingly, he expressed optimism for the future, especially in the field of technical transformation and the entry of industrial intelligence, which was initiated quickly by some government institutions and private companies, which confirms that the post-pandemic situation will not be the same as before, especially as the Kingdom is one of the leading countries in these areas Confirming that companies that do not interact with the new situation can disappear and exit the market.
Based on the successes achieved, which will be achieved, Al-Bakri pointed out that the crisis, despite the abnormal situation it caused, but made clear to everyone at the regional and international levels, the level of the Kingdom and the ability of the Kingdom to deal with crises, and we expect that the Saudi experience in this regard will be studied at the global level.
He added that we will get out of the crisis in a stronger position, God willing, and we expect that within a few years we will achieve many accomplishments while acknowledging that there are some challenges that we will seek to improve.
In an intervention by the head of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, he said that we have the right to be proud of what has been achieved during this crisis, especially in terms of investment in the human element.
The commercial committee discuss the concerns of the sectors
10/04/2020
The commercial committee discuss the concerns of the sectors
The meeting of the Commercial Committee of Asharqia Chamber reviewed the most prominent challenges facing the sector as a result of the Corona pandemic.
The Head of the committee, Hani Al-Afaliq, who chaired the meeting, said that during the meeting held, members of the committee discussed a number of key axes that discuss the details of the sector and the possibility of overcoming the challenges in interaction with the decisions and measures launched by the rational leadership, which reflects the extent of the state’s keenness to support the national economy and assist it in carrying out its roles Especially during this important period.
Al-Afaliq said that the committee will continue to hold its meetings remotely to be close to the business sector, discuss its concerns and suggest realistic solutions that contribute to overcoming its challenges.
The Industry and Energy Committee looking for ideas to support sectors
10/04/2020
The Industry and Energy Committee looking for ideas to support sectors
The Industry and Energy Committee of Asharqia Chamber, chaired by a member of the Board of Directors Ibrahim al-sheik, held its meeting in which it discussed the most prominent challenges in the sector as a result of the Corona pandemic.
Al-Sheikh said that the recent meeting, which was held remotely, discussed many of the challenges facing the sector after the Corona crisis, pointing to the measures of good leadership that contributed to supporting the sector, pointing out that the business sector in the Kingdom enjoys the sponsorship and follow-up of the state.
Al-Sheikh stressed that the members of the committee presented many ideas that would contribute to supporting the sector interacting with all the measures of good leadership.
The Salons committee and Women Centers offers solutions to preserve the vitality of the sector
10/04/2020
Salons committee and Women Centers offers solutions to preserve the vitality of the sector
Salons committee and Women Centers discussed a number of solutions to support the sector during the Corona pandemic.
Head of the committee, Shua'a Al-Dahilan, explained that the meeting, which was held remotely, discussed the obstacles and challenges facing the sector during this period, as well as temporary solutions, were proposed in order to preserve the vitality of the cosmetic sector, praising the measures taken by the rational leadership to support the business sector and protect the national economy.
Al-Dahilan said that the committee members presented a number of ideas on how to benefit from the crisis and achieve achievements through it, in addition to benefiting from the support measures provided by the state.
The Real Estate Committee discusses the effects of the Corona crisis on the sector
10/04/2020
The Real Estate Committee discusses the effects of the Corona crisis on the sector
The Real Estate and Urban Development Committee of Asharqia Chamber, headed by Eng. Hamid bin Hamri, discussed the most important challenges facing the sector.
Bin Hamri said that the recent meeting remotely reviewed a number of important points that relate to the initiatives of the stakeholders in the sector, which aim to raise work efficiency during the global economic crisis imposed by the Corona pandemic.
Bin Hamri pointed out that the committee is continuing to hold its meetings to discuss everything new during the current crisis, praising the country's initiatives to help the business sector withstand and advance.
The Finance Committee discusses developments in the sector
10/04/2020
The Finance Committee discusses developments in the sector
The Finance Committee of the Asharqia Chamber, chaired by Zaid Al-Yaish, held its meeting in which it reviewed the most important developments of the economic crisis due to the Corona pandemic and its impact on the financial sector.
Al-Yaish said that the committee meeting held recently from a distance reviewed the initiatives announced by the wise leadership to support the business sector in light of the current crisis, stressing that it translated the country's interest in supporting the national economy and protecting the capabilities and achievements of the country.
Al-Yaish noted that the meetings of the committee are continuing with the aim of discussing the situation in the sector and presenting views and proposals for submission to the concerned authorities.
Asharqia Chamber accomplishes more than 16 thousand virtual and field services during the precautionary period
08/04/2020
Asharqia Chamber accomplishes more than 16 thousand virtual and field services during the precautionary period
Asharqia Chamber accomplished about 16,712 virtual and field services, which is provided to its subscribers and beneficiaries during the precautionary period, between 8,501 operations that were implemented remotely, and 4852 services that were self-accomplished, and about 3033 operations implemented by the Al-Fanar Center, and about 326 operations that were implemented through the Jubail Services Center.
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that since the suspension of the attendance to its headquarters, in line with the precautionary and preventive measures taken by the state to limit the spread of the new Coronavirus, it exercises its activities and provides its services efficiently, with its crews possessing expertise and responsibility toward this giving country, what qualifies it to pass the most difficult tests.
Al-Khalidi pointed out that the Chamber continues to provide services in accordance with the virtual or field paths for companies, institutions and individuals alike, after taking all precautionary and preventive measures, pointing to the Chamber's keenness on the continuity of business and providing services, so that the business sector can complete its transactions under these emergency conditions, pointing out that the Chamber attaches great importance to developing the quality of its services provided to its subscribers, and was able to achieve its strategic goals in relation to electronic development and remote services provision, by launching the electronic portal, which made available to its subscribers to complete their business with ease.
Al-Khalidi: The Royal commands is a generous gesture that provides safe passage for the private sector aftermath of the crisis
08/04/2020
Al-Khalidi: The Royal commands is a generous gesture that provides safe passage for the private sector aftermath of the crisis
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the new royal commands issued last Friday, April 3, 2020, the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - bearing the state for a period of three months 60% of the salaries of Saudi workers in private sector facilities affected by the repercussions and preventive measures to limit the spread of the new Coronavirus, saying: (It is a generous gesture from the Custodian of the Two Holy Mosques, in light of these emergency conditions the country is going through, and it will positively reflect on the business continuity of the affected facilities), confirming that the Kingdom is on the verge of Countries that have supported installations affected by the measures to surround the spread of the virus, have been affected a lot in light of the application of precautionary measures, while these orders and other initiatives that have been put forward and implemented by our rational government to mitigate the effects of precautionary measures, to achieve safe passage of these facilities from the consequences of the crisis.
Al-Khaldi said that this unlimited care and support from our king increases our confidence as a business sector that our rational government always stands beside us to confirm its support for us in these circumstances that the whole world is going through, calling upon God the Almighty to preserve the country from all harm and perpetuate it the blessing of security and safety.
The Chairman of Asharqia Chamber: The Extraordinary Twentieth Summit is a Saudi call to save the world from the Corona pandemic
08/04/2020
The Chairman of Asharqia Chamber: The Extraordinary Twentieth Summit is a Saudi call to save the world from the Corona pandemic
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the extraordinary summit of the Group of Twenty held on Thursday 26 March, at the invitation of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, an initiative of the King of Humanity and a humanitarian and religious commitment in the Kingdom towards the world and the need for joint action and unity of efforts Global in the face of the pandemic Coronavirus and reduce its devastating and social health and economic impacts.
Al-Khaldi emphasized that limiting the spread of this global pandemic and mitigating its human and economic losses can only be as the Custodian of the Two Holy Mosques said, except with solidarity, cooperation, and collective action to confront it, as well as endeavoring and harnessing all capabilities to raise global readiness rates, both in the face of this pandemic or any other epidemiology may run rampant in the future.
Al-Khalidi state that, the summit as a road map to get out of this global crisis with the least possible losses, as it will enhance cooperation and coordination between countries and each other in relation to individual economic policies taken by each country individually and study its implications, thus increasing the chances of mitigating the effects associated with measures to limit the spread of The emerging coronavirus and its consequences on all economic levels, whether productive or commercial.
Al-Khalidi pointed out that this summit differs from the rest of the previous summits as it is devoted to preserving the human race, and it has given humanity hope after God most important in addressing this pandemic, pointing to the responsible role that the Kingdom plays towards the world, which stems from its religious and humanitarian commitment to Alleviate suffering from all the citizens of the world and sensing the crisis and its difficult effects and what it requires from taking joint measures, and then the call came from our angel to hold this emergency summit to save the world from the Corona pandemic and its consequences, hoping that this summit will produce positive results in the face of the Corona pandemic and reduce its social effects consciousness and economic.
Eastern Business Youth Council supports the electronic sales of the retail and catering sector for two months
07/04/2020
supported by Asharqia Chamber
Eastern Business Youth Council supports the electronic sales of the retail and catering sector for two months
Sign an agreement with Morsoul
The Eastern Business Youth Council has implemented an initiative in cooperation with the Morsoul Company to cancel the collection of the company's commission on sales of retail and restaurant pioneers from Asharqia Chamber subscribers for a full period of two months, in support of the leaders of these sectors and in solidarity with them under these emergency circumstances.
The Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the initiative to cancel Morsoul company to collect its commission from the pioneers of the retail sector and the owners of restaurants and cafes in the eastern region in light of what we are witnessing these days, but it reflects the extent of cooperation and partnership between the private sector and each other and alleviates many of the burdens of the phase on the pioneers of the sector, as well as the positive and honorable role of the business sector in supporting the efforts of the state.
For this part, the Chairman of the Eastern Businessmen’s Council, Fahd bin Abdullah Al-Farraj, said that the Morsoul’s initiative to cancel its commission on retail and hospitality pioneers for a full two months is a model of participatory work in light of crises and supports a general trend to limit the effects of precautionary measures to prevent the spread of the Coronavirus, and it sends an inspiring message about the youth’s role in supporting the state’s efforts to mitigate the effects of precautionary measures to prevent the spread of the Coronavirus, confirming that this crisis showed what is rooted morally in institutions or individuals within this society, offering thanks and appreciation to the Morsoul Company on Its initiatives supporting retailers and owners of restaurants and cafes in the Eastern Region,
Members of the Logistics Committee of the Asharqia Chamber take an initiative to put their potential and logistics expertise at the disposal of the state
07/04/2020
Members of the Logistics Committee of the Asharqia Chamber take an initiative to put their potential and logistics expertise at the disposal of the state
The members of the Eastern District Logistics Committee volunteered to put their experiences and logistical capabilities into transportation and storage at the disposal of the state, in light of its efforts to reduce the spread of the new Coronavirus.
The Chairman of the Chamber, Abdul-Hakim Bin Hamad Al-Ammar Al-Khaldi, said that the initiative of the members of the Chamber’s logistical committee, by placing their logistical capabilities to transport and store at the disposal of the state, is a tender and participation initiative for our rational government in light of the great roles it plays to limit the spread of the Coronavirus.
Stressing that the circulation of this virus will be by unity, cooperation, and participation of all members of society, pointing to the actions of the state in its various channels to limit the spread of the virus, stressing the need to adhere to the precautionary and preventive measures taken by the government, because it is the best way to limit the spread of this virus.
For this part, Rakan Al-Otaishan, the head of the logistic committee in the Asharqia chamber, said that putting the capabilities and expertise of the chamber's logistic committee in the service of the state, and in light of these difficult days, is the least we can offer and do towards our giving country, and it is a message of solidarity, gratitude, and participation towards the great efforts that our rational government is making to limit the spread of the Coronavirus, offering its thanks and gratitude to all parties that work tirelessly to protect the country and the people, asking God Almighty to lift this epidemic and save the country from all harm.
Asharqia Chamber launches "Your Duty is Greater" initiative in recognition of the efforts of health practitioners to confront Corona
07/04/2020
Asharqia Chamber launches "Your Duty is Greater" initiative in recognition of the efforts of health practitioners to confront Corona
With the support of the Eastern Region restaurants and cafes, Asharqia Chamber launched the initiative (Your duty is greater), which is based on providing and serving meals and drinks to health practitioners in their workplaces, in appreciation and gratitude for the extraordinary efforts they are making in the face of the Corona epidemic.
The Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the initiative (Your duty is greater) comes in appreciation and gratitude for the great efforts made by the medical teams in confronting the Coronavirus, (they are the real soldiers in the battle to eradicate this virus), noting that the initiative represents a gratitude One of the pioneers of the restaurants and cafes sector in the region, with the sacrifices these health practitioners make and their efforts to deal with patients, and provide educational services around the clock regarding methods of prevention, and other medical and humanities all aiming to limit the spread of the epidemic.
Al-Khaldi stressed the importance of solidarity between different sectors in facing this epidemic, pointing out that the Kingdom - by the grace of God - then the efforts of its loyal sons who are now standing on the front lines to limit the spread of this virus and treat its patients, have been able to significantly reduce the spread of the epidemic and mitigate its effects on all sides.
For this part, Hamad Bin Muhammad Al-Bouali, Deputy Chairman of the Board of Directors and Chairman of the Chamber of Hospitality and Recreation in the Asharqia Chamber, said that (Your duty is greater) is a simple contribution from the pioneers of restaurants and cafes in the eastern region, in front of the great unconditional sacrifices offered by medical and ambulance crews in all facilities. Health, especially in light of these emergency circumstances that we live in, and requires the participation of everyone, according to his specialization, to work to limit the spread of this epidemic, indicating that all owners of restaurants and cafes confirm through this initiative their solidarity with these heroes who spare no effort to maintain our safety.
The Chairman of the Chamber praises the State's urgent initiatives to support the private sector in overcoming the economic consequences of the Coronavirus
07/04/2020
The Chairman of the Chamber praises the State's urgent initiatives to support the private sector in overcoming the economic consequences of the Coronavirus
The Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the urgent initiatives initiative launched by the state to support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of the emerging Coronavirus (COVID 19), and Al-Khaldi said that allocating our rational government is worth 120 One billion riyals, of which 50 billion riyals provided by the Saudi Arabian Monetary Agency, within a set of urgent and intensive initiatives with multiple items and objectives; but it supports and supports the private sector in these emergency circumstances; and confirms the extent of the state’s professionalism in managing crises from various aspects, pointing out that this principle will mitigate many of these economic impacts resulting from the precautionary and preventive measures approved by the state in the face of the spread of the virus, and enable the sector to recover quickly, and overcome the economic consequences of the virus, whether by declining demand or production and even support it by continuing to play its role by promoting economic growth.
Al-Khaldi said that since the emergence of the Coruna virus and its spread in many countries of the world, the global economy has taken a pessimistic trend, with declining global demand, low industrial production, and increased restrictions on freedom of movement between countries, which has cost governments and business sector huge losses, and carried them Additional burdens regarding their current and future conditions, putting them in a true test of their ability to withstand the pressures of stagnation and bypassing the market slowdown, and crossing safely from the traumatic consequences of Corona.
Asharqia Chamber launches a "one hand" initiative to suspend rents for investors
07/04/2020
The Chamber exempted its tenants for two months from paying the rent
Asharqia Chamber launches a "one hand" initiative to suspend rents for investors
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, announced the launching of the chamber (one hand alone) initiative with the support of the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, His Highness Deputy Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz and the follow-up of His Excellency the Minister of Commerce, Dr. Majid Al-Qasabi, The initiative aims to support investors and owners of small and medium enterprises, calling on the owners of complexes and commercial centers and owners of commercial real estate and the business sector to participate in the initiative by exempting their tenants who were affected by their work due to the period of stopping or providing the appropriate support and raising the chamber with what is presented in this regard to be noted.
The Chairman of the Asharqia Chamber: The speech of the Custodian of the Two Holy Mosques stimulates energies, as it is a patriarchal message that supports us all and strengthens our resolve
07/04/2020
The Chairman of the Asharqia Chamber: The speech of the Custodian of the Two Holy Mosques stimulates energies, as it is a patriarchal message that supports us all and strengthens our resolve
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the speech he delivered on the day of yesterday, March 19, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, to citizens and residents regarding the global pandemic of Corona, saying that (This is how things are managed and crises, as we are used to. Always from the rulers of our affairs) AlKhalidi considered this message to show openness and frankness, showing the extent of care and attention that the Custodian of the Two Holy Mosques lends to the sons and residents of this blessed land, stimulates energies, strengthens our resolve us to overcome difficulties.
Al-Khalidi promised that the speech is a frank vision of the situation and its developments and reflects the keenness of our king to the safety of the citizen and the resident above all, and his relentless pursuit for their safety and security, stressing that it is a patriarchal message that supports us all and strengthens our resolve to make the utmost efforts to participate positively in facing this pandemic.
Al-Khalidi said that the kingdom's strength in the face of adversity stems from the cohesion between the leadership and the people, stressing that facing this crisis can only be, as our King - may God support him - said with solidarity and cooperation, continuing the positive spirit, and enhancing individual and collective awareness, and our commitment to all what is issued by the authorities The concerned party, which now stands on the front lines efficiently and ably, including directives, instructions, and instructions, in order to face this crisis.
Al-Khaldi pointed out that the country has taken unprecedented measures since the outbreak of the Corona Virus (COVID-19) to limit its spread and encirclement in the Kingdom, so it has become a reliable model, whether in applying the highest levels of preparedness and readiness or in frankness and transparency, and all countries of the world have praised With its responsible speech, precautionary measures and mechanisms.
Al-Khalidi called on everyone to the necessity to adhere to the precautionary measures and measures approved by the state in order to limit the spread of the virus, and God Almighty called for this crisis to end, offering his thanks and gratitude to all parties that work tirelessly to protect the country and people from all evil and hatred.
The Chairman of the Asharqia Chamber: Over 3000 companies and institutions have benefited from the Chamber's electronic services in the past few days
07/04/2020
The Chairman of the Asharqia Chamber: Over 3000 companies and institutions have benefited from the Chamber's electronic services in the past few days
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, revealed that more than 3,000 companies and institutions have benefited from the Chamber's electronic services, during the past few days, and indicated the continuity of receiving the main news services center for companies and institutions directly, after taking all precautionary and preventive measures, Pointing to the Chamber’s keenness to continue the business and provide all kinds of services according to an evolving and ideal work environment that takes into consideration the facilitation of the business sector.
Asharqia Chamber had suspended attendance to its headquarters for 16 days, in line with the precautionary and preventive measures taken by the country regarding the prevention and limitation of the spread of the Coronavirus emerging (COVID-19).
Al-Khalidi noted that the Chamber continues to provide its services remotely to subscribers through its electronic portal, in order to facilitate the business sector in carrying out their commercial transactions in light of these emergency circumstances, noting that the Chamber attaches great importance to developing the quality of its services provided to its subscribers, and was able to achieve its strategic goals with related to electronic development and remote services provision, by launching the electronic portal, which allowed its customers to complete their work easily and conveniently.
Al-Khaldi emphasized that since the suspension of the attendance to its headquarters, it is practicing successfully providing remote services to all its subscribers, and it also allows them to complete their transactions directly in the news service center taking into account all precautionary measures, noting that the chamber had been available with the beginning of the current year for all It intends about 38 electronic services that can be completed remotely without attending the headquarters and branches of the Chamber in the eastern region, in order to facilitate the completion of operations in full flow and clear transparency.
Al-Khaldi said that since the outbreak - the Corona Virus Innovative (COVID-19) - the country has taken a number of exceptional measures unprecedented to limit its spread in the Kingdom, which has made it a model in applying the highest levels of preparedness, requiring its procedures and precautionary steps in many countries of the world, And that the Chamber is on the same path in committing to all the precautionary measures and measures approved by the state in order to limit the spread of the Coronavirus and continues to provide its services remotely from subscriptions, certifications, commercial services, and others with great success.
The Patients of Friends Committee in Asharqia Chamber provides 7 charitable organizations in the region with preventive medical supplies
19/03/2020
The Patients' of Friends Committee in Asharqia Chamber has provided 7 charities in the Eastern Province with their requirements for sterilization and protection materials to face the new Corona epidemic.
The Director-General of Health Affairs in the Eastern Region and Chairman of the Patient Friends Committee in the Chamber, Dr. Ibrahim bin Abdul Karim Al-Arifi, valued the initiatives of the business sector in the region in supporting the efforts of the Ministry of Health and charitable societies by providing beneficiary families with their needs for sterilization and prevention materials, including masks, sterilization fluids and medical gloves to keep pace with the precautionary measures and proactive steps of the Kingdom to face the Corona epidemic.
Al-Arifi confirmed the support the committee finds from the support of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, Honorary President of the Patient Friends Association and His Royal Highness Prince Ahmed bin Fahd bin Salman, Honorary Vice President of the Association, which was reflected in the development of the activities and programs of the Committee within the efforts and endeavors social responsibility, and the evolution of the performance of the committee in providing services to the community.
For this part, The Chairman of the Board of Directors of Asharqia Chamber and Deputy Chairman of the Patient Friends Committee in the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, indicated the keenness of His Highness the Prince of the Eastern Region and his deputy to continue the progress of the committee to its activities towards society at the highest standards, and His Highness’s follow-up to the details of the committee’s work and provide development visions for all work to ensure the achievement of Its goals are in accordance with the high standards monitored.
Asharqia Chamber represented by the Friends of the Patients Committee will continue its efforts to provide support and provide the necessary needs, out of belief in its societal role which necessitates it, to identify the needs of associations and charitable bodies to achieve its social mission.
Al-Khaldi pointed out that the business sector in the region is keen on community participation and providing all kinds of support to the work of the committee in all situations as it is known about him, stressing his continued follow-up to each initiative presented and also continuously providing the social sector with new initiatives serving the community in the eastern region.
Asharqia Chamber announces the provision of 38 electronic services to its members, enabling them to complete their transactions remotely
15/03/2020
Asharqia Chamber announces the provision of 38 electronic services to its members, enabling them to complete their transactions remotely
Asharqia Chamber continued to provide its services targeted to members through its electronic portal, with the aim of facilitating business sector members in their commercial transactions and within plans to keep pace with the Kingdom's 2030 vision, in transforming services into electronic transactions that save time and effort.
The total number of services provided electronically 38 services, members can activate the user name after the first official of the facility in the gate accomplished without the need to attend to the branches and centers Asharqia services.
The authentication of documents, documents and certificates issued by the business sector is one of the most important services provided through the Chamber's website, where authentication is carried out through highly reliable procedures to ensure the validity of electronic signatures and by using a dual verification system. The service also allows printing documents and submitting activation requests to visit letters at the Ministry of Foreign Affairs, And requests for recruitment to the Ministry of Interior, as well as commercial services provided by the Chamber of competitions, and this re-export as well as requests for participation and certification, commercial services and other services.
Asharqia Chamber has taken more measures to reach this level, in order to facilitate the process, and clarify the image in front of the participants, so that the process can be carried out in full flow, and the transparency of the participants clearly and to avoid any obstacles in the electronic side,
The mechanism for subscribing to electronic services is summarized in easy steps by visiting the electronic services page on the Chamber's website and entering the facility and identity data, where the verification code sent from the Absher application is received and entered into the site, after which the data are reviewed by the Asharqia Chamber and the registration is approved.
The Chairman of Asharqia Chamber welcome an Argentine minister and meets with the chief executives of international oil companies
11/03/2020
The Chairman of Asharqia Chamber welcome an Argentine minister and meets with the chief executives of international oil companies
The Chairman of Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi received, on Tuesday 10 March 2020, at the headquarters of the Chamber the President, Minister Plenipotentiary for Multilateral Relations at the Argentine Ministry of Foreign Affairs, Carole Ramón Berghano, and executive heads of international companies, to discuss ways to enhance cooperative investment opportunities, and review the Kingdom’s policies In stimulating and encouraging investmen.
The meeting, which was attended by a member of the Board of Directors and Chairman of the Chamber’s foreign investment committee, Saadoun bin Khaled Al-Atish Al-Khaldi, and the Chamber’s Secretary-General, Abdul Rahman bin Abdullah Al-Wabil, discussed the mechanisms of intensifying commercial cooperation between Argentine and Saudi companies, and presented the available aspects of cooperation between the two sides, and to clarify the opportunities contained in the eastern region Investment in several areas.
Minister Berjano and her accompanying delegation had reviewed detailed explanations about the eastern region and its promising investment opportunities in the fields of petrochemical industries and others, as well as the chamber photo gallery that tells the economic history of the region.
The Chairman of Asharqia Chamber expressed his optimism with the meeting, as he addressed serious discussions about the base of Argentine investments in the Kingdom and the extent of its ability to expand, especially in light of the Kingdom's major changes in investment procedures, which facilitated and encouraged a lot of foreign direct capital entry to it.
Al-Khalidi pointed out that the relations between the Kingdom and Argentina grow well and is likely to grow more, pointing to the agreements that the Kingdom signed with Argentina and promoted the access of the two countries to each other's markets, which contributed to strengthening ties of relations between the two countries and moving them to broader horizons to achieve mutual benefits and serve common interests. .
In a related context, the Chairman of the Chamber of Directors of the Chamber received executives and managers in international companies as General Manager of Total Refining and Saudi Arabia Chemicals Company, the President in the Kingdom, Christophe Gerondo, and Vice President of Public Affairs in Total, Eng. Fahad Saleh Al-Harbi, as well as CEO of Technias Reynidas Services And Contracting Co., Ltd., Jose Luis, to discuss ways of cooperation and the development of frameworks for meetings and subsequent discussions that establish future relationships, as well as a review of the Kingdom's policies to stimulate and encourage investment
In a related context, the Chamber’s Chairman of the Board of Directors received chief executives and managers in international companies as General Manager of Total Refining and Saudi Arabian Chemicals Company, the President in the Kingdom, Christophe Gerondo, and Vice President of Public Affairs in Total, Eng. Fahad Saleh Al-Harbi, as well as CEO of Technias Reynidas Services And Contracting Co., Ltd., Jose Luis, to discuss ways of cooperation and the development of frameworks for meetings and subsequent discussions that establish future relationships, as well as a review of the Kingdom's policies to stimulate and encourage investment.
The Member of the Board and Chairman of the Foreign Investment Committee Saadoun Al-Atish Al-Khaldi stressed the importance of such meetings and their role in promoting foreign investments, pointing out that the country is now prepared for foreign investment in various sectors, and that such meetings support the state’s plans in terms of attracting foreign investment and enhancing opportunities Its growth and spread in the country.
Al-Khaldi said that the meetings, with their axes, are related to ways to enhance joint cooperation, and based on the efforts and plans of the Chamber in supporting and encouraging the establishment of commercial relations between businessmen in the region and major investors in the world, stressing that the Eastern Chamber is ready to cooperate and provide support and assistance in accordance with its roles assigned to both partners Local or companies from different countries of the world in order to increase investment in the country and support the state's efforts in promoting and attracting foreign investments.
Asharqia Chamber launches its new initiative “Appreciation” to its subscribers, employees and their families
08/03/2020
Continuing to provide distinguished and innovative services under the slogan "You deserve appreciation"
Asharqia Chamber launches its new initiative “Appreciation” to its subscribers, employees and their families
Under the slogan "You deserve appreciation", the Asharqia Chamber launched its new initiative, "Appreciation", which enables its members (establishments or individuals) and its employees and their families to obtain offers, discounts, and many privileges in their efforts to provide distinguished and high-quality services to their subscribers, employees, and their families a number of different commercial sectors.
The chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said that the initiative comes as a complement to the chamber’s work to enhance the level of partnership and strengthen the link between it and its members and employees and to provide distinguished and innovative services to them through programs and initiatives of a development nature that achieves its goals by applying and spreading a culture of social responsibility among the business sector in region.
Al-Khaldi explained that the initiative allows the joint members, employees of the Chamber and their families to obtain unique discounts in several sectors such as hotels, tourist resorts, and airline lines, as well as car rental, which can be reviewed and controlled through the electronic services portal on the Chamber's website, or through The e-card for the members.
Al-Khaldi emphasized the Chamber’s continuity in presenting its vision and mission by working to meet the aspirations of the business sector in the region, in a way that guarantees continuous development and effective contribution to the region’s economic and social development, and that achieves the aspirations of the participants in light of the new economic trends.
Al-Khaldi: Asharqia Chamber is the ideal platform to promote the area as a distinct business destination
04/03/2020
More than 95 thousand subscribers in the Asharqia Chamber at the end of 2019
Al-Khaldi: Asharqia Chamber is the ideal platform to promote the area as a distinct business destination
Asharqia Chamber held on Tuesday 3 March 2020 the works of the General Assembly for the past fiscal year 2019, during which the Chairman of the Board, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, reviewed the Chamber’s achievements, various activities and services provided to more than 95 thousand affiliates of business owners, as well as a summary of the Chamber’s financial position, and the results of the financial year ending in December last year, operational and capital budget for the current year.
Al-Khaldi said that the chamber was able to last year, through its commitment to its vision, and its eagerness to communicate its message and keep pace with the paths and directions of the vision of 2030 AD, to achieve a number of accomplishments; whether in the field of educational or service work, it was the ideal platform for Norway for the eastern region as a distinct destination for business, and assistance for its subscribers And others who want to work or invest by working to qualify them and provide them with programs that enable their positive partnership in achieving the goals of growth and development.
Al-Khalidi pointed out that the year 2019 was indicative of the extent to which the Chamber was in keeping with its awareness of the interim benefits, during which it launched initiatives and programs that stimulate investment, and made investment opportunities and exploration a key axis in its goals, and was keen to include the investment and its subjects as a basic material on the table of dialogue and discussion in all its activities, In addition to creating investment committees, to discuss more proposals and ideas related to the diversification and increase in quantity and quality of investments, in line with the vision and its benefits.
Al-Khaldi revealed that during the year 2019, the number of business committees and councils in the branches and executive councils of the Chamber reached 23 committees and business councils, they held about 401 activities that varied between 154 periodic meetings, 102 programs, lectures, and workshops, 134 visits, meetings and hosting 11 expanded meetings.
Al-Khaldi indicated that the past year witnessed the preparation of the chamber for more than 60 studies, research and a specialized working paper, as well as the issuance of more than 25 products that included the state of commercial relations between the Kingdom and other countries, as well as submitted about 27 topics representing the Chamber's views on various topics and economic phenomena, as well as about 3900 information through the subscribers' database, 495 information through statistical databases, and 480 information through the exports and imports database.
In the field of legal services and consultations, Al-Khaldi said, the number of beneficiaries of legal consultations provided by the chamber's specialized staff reached about 461 beneficiaries, while the number of arbitration cases initiated by the chamber reached about 20 cases, of which 6 cases were completed, and the number of commercial disputes cases reached 22 cases that were completed 13 cases, while the number of registered and completed protest cases reached about 359 cases.
Concerning the services of the Eastern Chamber Training Center, Al-Khaldi said that the number of beneficiaries of the center's services reached about 4118 male and female trainees last year, with a number of training days amounting to 333 days for 54 training activities.
Al-Khalidi went on to say, to complete the resettlement support system, the Chamber worked during 2019 to continue the implementation of the national initiative to qualify and train job seekers with the kind patronage of His Highness the Governor of the Eastern Region, by 6 training programs over 18 training days that included 90 training hours, with a total of about 3200 beneficiaries. Also, The Chamber organized about 12 job meetings in cooperation with a number of establishments. The number of job seekers in it reached 2742 job applicants who applied to 965 jobs with the participation of 43 companies.
Turning Khalidi in his speech to the Chamber of services directed to support women entrepreneurs in the region, noting that the Chamber of Business Women's Center was implemented during the year 2019 of about 69 programs and the effectiveness varied between lectures, seminars, and workshops, benefited, including 3,660 women, as 203 Center provided information service on all economic activities and about 105 consultation on small and medium enterprises, in addition to providing 9 specialized training programs to help entrepreneurs start their businesses on projects which benefited 313 women.
At the conclusion of the association’s work, the price of Khalidi, the great support, from His Royal Highness, the Prince, Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Region, for all the Chamber’s outputs, and his constant eagerness to take care of the private sector and stand next to him, as well as His Royal Highness, Prince Ahmed bin Fahd Bin Salman, Deputy Governor of the Eastern Region, who has always shown positive interaction with the Chamber's initiatives and programs. He also thanked all parties and government departments and others, which have had outstanding contributions and clear imprints in many of the projects launched by the Chamber during the past year.
Al-Khalidi thanked His Excellency the Minister of Commerce, Dr. Majed Al-Qasabi, for the Chamber's support for its programs and activities.
Environmental health: We seek to raise the efficiency of supervision and rehabilitation of food establishments
04/03/2020
During a workshop held in the Asharqia Chamber
Environmental health: We seek to raise the efficiency of supervision and rehabilitation of food establishments
The Director-General of Environmental Health at the Eastern Province Municipality, Dr. Abd al-Rahman al-Shuhail, affirmed the secretariat’s intention to adopt more modern methods to create a distinct healthy environment, according to international standards that depend on the mix between human capabilities on the one hand, and science and technical means, on the other hand.
Al-Suhail said during a workshop organized by the Eastern Chamber in cooperation with the secretariat on Tuesday 3 March 2020 that the region’s municipality seeks to provide a safe and healthy environment free of diseases and pollutants and keep pace with the high technological developments for the people and visitors of the eastern region and spread permanent and continuous health awareness at the hands of our distinguished national competencies. Among the tasks carried out by its departments, and the first departments are (environmental sanitation), which aims to support the option of preventing common and transmissible diseases and to identify appropriate methods to combat public health pests and advance reporting to them, and it consists of two parts (laboratory management, The Health Protection Department), and it performs several tasks, including an epidemiological investigation to determine appropriate methods to limit the spread of common and transmissible diseases, verify the integrity of samples, advance warning, develop appropriate plans for the prevention of future diseases, adopt pesticides, and examine samples to verify the safety of products and services Introduction, in addition to all work related to environmental sanitation that is assigned by the Environmental Health Manager.
The second of those departments that support the vision of the General Administration of Environmental Health is the (Department of Comprehensive Oversight and Licenses), which aims to raise the efficiency of control and rehabilitation processes for food establishments, and related to public health to reach the desired health and professional level, and it performs several tasks: including the application of health regulations and requirements and generalizations with The organized relationship for that, preparing statistical plans and reports, field supervision and rehabilitation of facilities to implement specific health systems.
As for (slaughterhouse management and meat health), it is concerned with supervising slaughterhouses, monitoring epics, raising awareness, and reporting any epidemic disease that occurs. Its mission is to ensure the safety of livestock before slaughter and the safety of the meat offered and their suitability for human consumption, verify the availability of health requirements in slaughterhouses, butchers, and kitchens according to the specifications set for them, and participate in raising the degree of awareness among society of the positive aspects of slaughter in slaughterhouses.
He pointed out that the Environmental Protection Department (which is part of the General Directorate of Environmental Health) is an "environmental link" between the relevant authorities to monitor pollution levels and the application of environmental performance measurement indicators, and is coordinating to develop training programs to develop the capabilities of employees of the Environmental Protection Unit, as well as to develop awareness programs For the clients, participating in environmental committees, meetings, and conferences, providing the Meteorological and Environmental Protection Authority with information on the environmental situation, and enabling the Authority's observers to enter the Ministry's facilities and facilities to inspect and monitor pollution levels.
He drew attention to the fact that among the activities of the General Administration of Environmental Health in raising the level of environmental awareness is what the "Center for Qualification and Education of Workers" is doing and its task is to train and qualify workers in food establishments and public health, in order to integrate with the work of the regulatory system, reduce food contamination, and raise the level of Health awareness, production of healthy food for individuals familiar with the rules of control, and raising the level of workers in food establishments and shops related to public health.
Deputy Prince of the Eastern sponsors the second edition of the electronic applications exhibition
04/03/2020
Organized by the Asharqia Chamber during the period (24-26 March 2020)
Deputy Prince of the Eastern sponsors the second edition of the electronic applications exhibition
His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, Deputy Governor of the Eastern Region, will sponsor the Electronic Applications Exhibition organized by the Asharqia Chamber represented by the Center for SME's Development, at the Chamber's headquarters in Dammam.
This was mentioned by the Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, who explained that the exhibition aims to create a stimulating environment for entrepreneurs in the field of electronic applications, by providing an opportunity for the owners of these applications and their designers and programmers to present their work to the public, specifically to owners of institutions wishing to develop and expand Its business and spread through activity or electronic commerce.
Al-Khaldi added that, accordingly, the exhibition mainly targets entrepreneurs and entrepreneurs, owners and programmers of electronic applications, and even the general public who are interested in electronic commerce, as the Chamber seeks to attract 50 distinctive electronic applications, as financial awards have been allocated to the top ten of the applications that will participate in the exhibition, selected according to certain criteria, by a committee specializing in electronic applications.
He noted that the success of the first edition of the exhibition organized by the Chamber for the year 2018 was an incentive to continue organizing the exhibition for the second year in a row, and we have witnessed a marked increase in the number of requests for participation, we expect it to be more than last year, and we hope to achieve success for this exhibition in view of what it contained ideas and initiatives to keep pace with the Kingdom's vision 2030, and contribute to raising the performance of the local market and the new provision in the electronic field .. pointing out that the official sponsorship of His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz, Deputy Governor of the Eastern Province will be supportive of the exhibition to achieve the desired success.
He stated that participation in the exhibition is conditional on the applicant being a Saudi or Gulf national, having a general secondary certificate as a minimum, and that the application has a clear name, and works in both Arabic and English, and that it be effective working on all known electronic systems, namely: ((Android-Apple store - website)) It also provides in-app payment options, while providing customer service through instant chat and call center.
An entrepreneur stresses the necessity of positive interaction with the self, the customer and time
03/03/2020
Within the "entrepreneurs" program in Jubail Industrial City:
An entrepreneur stresses the necessity of positive interaction with the self, the customer and time
In cooperation with the Royal Commission in Jubail, the Asharqia Chamber, represented by the Center for Small and Medium Enterprises Development, organized last Wednesday (February 26, 2020) a program (entrepreneurs) that aims to spread the culture of self-employment among students of universities, colleges and institutes, in the visitor hall of the Royal Commission Building in Jubail Industrial City
The program was hosted by the CEO of Al-Fanar Arabia / Abdullah bin Saeed Al-Ahmari, who spoke about his experience in front of male and female students of the Jubail University College, the Jubail Industrial College, and the Jubail Technical Institute, as he explained that business success is subject to commitment unless the investor is committed to himself You will not be committed to people.
Al-Ahmari stressed the importance of positive engagement with: "the soul, the employee, the resource, and time" while adhering to all other elements of success such as the financial system, effective marketing, and so on.
He added that one of the important points that must be adhered to is achieving the "job safety" of the workers, as the employee should be given a complete sense of security, and among the attestations of this is the delay in paying the dues, such as salaries, allowances and the like.
Al-Ahmari stressed the issue of loyalty with customers and suppliers, and considered it one of the most important things through which complete success is achieved, and not to falter
And on the mechanism of positive dealing with time, he made it clear that everyone who works in the investment field is required to keep pace with time, follow up on new decisions, and monitor the investment opportunities it carries for it to achieve sustainability in the market ... warning of the delay situation to say: "Do something in its time To be successful and be proactive and unbeatable.
It is noteworthy that the "entrepreneurs" program of one of the center's programs aims to spread the culture of self-employment among students of universities, colleges, institutes, and schools in the region, plant a culture of self-employment early and transfer the student from a job seeker to a job opportunities maker, and introduce the services provided by the Small and Medium Enterprises Development Center in addition to all the information which novice entrepreneur needs.
Asharqia Chamber celebrates the "International Women's Day" next Saturday
02/03/2020
Under the slogan "ambitious and grateful"
Asharqia Chamber celebrates International Women's Day next Saturday
Under the title "Ambition and Gratitude, Asharqia Chamber celebrates International Women's Day, which falls next Saturday, 7 March 2020, with the aim of highlighting the role of Saudi businesswomen, especially in the eastern and regional media.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi explained that this celebration is to confirm a fact that has already been discussed and to emphasize it in more than one forum, and the governors of these countries indicated to her that it is "vital" and "effective" of Saudi women in society, In particular, businesswomen.
Al-Khalidi explained that this event aims to shed light on the efforts of empowering Saudi women, exchanging views between women on many topics related to investment, and examining some of the success stories achieved by women in business, investment and the economy in general.
For this part, The member of the Chamber’s Board of Directors Nouf Bint Abdulaziz Al-Turki said that this step came as an interaction and harmony with the general direction of the Kingdom and its rational leadership in supporting, caring for and developing the human element, and adopting everything that would advance the national development on the principle of equality and equal opportunities, opening horizons of work and assuming responsibilities great for both men and women.
For this part, Board member Al-Anoud Bint Tawfiq Al-Rammah praised the ceremonial slogan, which is "ambition and gratitude", it embodies the meaning in two forms: the first is the unlimited ambition of Saudi women, and the second: the fact that unlimited support from the country's leaders to women is the source of confidence and appreciation, which is Today - and through this celebration - she expresses her thanks, appreciation, and gratitude to the wise government for the programs it provides to support women economically and socially.
Al-Rammah affirmed the Asharqia Chamber’s keenness to implement many activities that support women's giving and the effectiveness of their presence in the economic scene. Therefore, you find in the Chamber’s programs many exclusive women’s activities. Global Women in the Asharqia Chamber.
Asharqia Chamber organizes a dialogue meeting between the business sector in Abqaiq and government officials
27/02/2020
Under the patronage of the Governor of Abqaiq and the presence of business owners
Asharqia Chamber organizes a dialogue meeting between the business sector in Abqaiq and government officials
Announcing a new industrial plan in Abqaiq
Today, Thursday 27 February 2020, the Eastern Chamber organized, under the patronage of His Excellency the Governor of Abqaiq, Muhammed bin Saud Al-Muhtami, a meeting between the business sector of Abqaiq Governorate with government agencies, at the Municipal Theater.
The Chairman of the Board of Directors of the Asharqia Chamber of Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said in an opening speech that the economic transformation that the Kingdom is experiencing now, and the structural reforms it contains ambitious and comprehensive visions, and the continuation of balanced spending policies efficiently and effectively, the latest qualitative shift in the size and diversity of the quantity and quality of development projects, What led to the growth of investment opportunities in front of local capital in all regions and governorates, including the Abqaiq Governorate and the promising investment prospects in many commercial, industrial and service areas.
Al-Khalidi stressed that the meeting comes within the Chamber’s pillars and main goals by working to support the economic movement in the region and contribute to developing the investment environment for all its governorates. He continued by saying: We are trying to shed light on this governorate with what it possesses and what it has of a diversified investment map that qualifies it. To be a wide space for projects and programs of added value to the national economy.
Al-Khalidi said: We are looking forward to the state of continuous growth and development in various parts of the Kingdom, and those promising investment prospects in the Abqaiq governorate, which we are trying to monitor, research and address their challenges in this vital meeting, which is held for the first time, to achieve the goals set for it, which is disclosure of what these contain Preserving several investment opportunities, and together we find the best ways to take advantage of its ingredients.
Undersecretary of the Secretary for Investments and Revenue Development of the Eastern Province Municipality, Engineer Munther Bin Naji Al-Shalawi, stressed during the meeting that was administered by a member of the Board of Directors Saadoun bin Khaled Al-Khaldi that the investment opportunities in the province of Abqaiq are continuous and continuous, noting that the secretariat has adopted an industrial plan in the province, noting that this is an investment opportunity Distinctive for the business sector, explaining that the Secretariat continuously presents various investment opportunities such as shops, women's centers, and many others.
Al-Shalawi said that the Kingdom in general and the eastern region, in particular, are on the verge of a huge urban boom, and the Secretariat seeks to keep pace with this boom by offering various investment opportunities that the investor can take advantage of.
Al-Shalawi indicated that the secretariat benefits from all the initiatives and proposals that are received through the website, as it is subject to study in a special section of studies, and from which these proposals are answered within a week.
For this part, Director General of the Ministry of Commerce Branch in the Eastern Region, Abdulaziz bin Abdul Rahman Al-Khaldi, stated that the ministry is working to transfer all its services as well as the services associated with the ministry, which is related to other parties, indicating that 90 percent of the services of the Ministry of Commerce has become electronic, after updating several services and development Other services complained of some difficulties.
Al-Khaldi said that the services of extracting the commercial registry and various other services have become easy and easy, especially what is related to services with the relevant departments and the authorities that are related to the services of the Ministry of Commerce, indicating that the ministry has participatory initiatives with a number of companies where we receive ideas and notes that seek to develop services and we are studying and developing them To be prepared for implementation, just as the Ministry is communicating with major companies with a view to tackling challenges and facilitating difficulties, as we are working to make commercial activities homogeneous in partnership with the private sector.
The assistant director-general of the labor sector in the branch of the Ministry of Human Resources and Social Development in the Eastern Region, Muhammad bin Ahmed Al-Atrash, said that the ministry is continuously communicating with decision-makers in major companies with a view to working to localize jobs and that the ministry will sign memoranda of understanding to adapt projects in a way that suits corporate contractors The other one soon.
During Al-Atrash, the Ministry’s branch discussed with the Abqaiq Labor Office a mechanism for communicating with Saudi Aramco in order to localize jobs within the framework of serving national cadres, indicating that the branch is working on contracting partnerships with the private sector with a view to localizing jobs.
On this part, the General Manager of the Zakat and Income Authority Branch in the Eastern Region, Saleh bin Hamad Al Hammad, explained that the services of the Authority have become electronic, confirming that the taxpayer can from any location where he can end all services through electronic services and that the Authority provides other services that explain to the taxpayer any information related to A procedure that he needs through telephone communication, as a professional staff provides the sound information needed by the taxpayer.
Al-Hammad said that there are galleries that receive the taxpayers in any region to provide all the services they need and facilitate their tasks and that the authority’s website is subject to continuous challenges, noting that the authority is updating procedures related to payment and obtaining returns.
A call for creating a single platform for all parties' actions
26/02/2020
During the expanded meeting of the commercial sector in the Asharqia Chamber
A call for creating a single platform for all parties' actions
The expanded meeting of the commercial sector, organized by the Commercial Committee of the Asharqia Chamber on Tuesday 25 February 2020, called for a discussion of the most prominent difficulties and challenges facing the commercial sector with the laws and regulations of the Ministry of Labor and Social Development.
Participants in the meeting, which was chaired by the head of the Commercial Committee of the Asharqia Chamber of Commerce, Hani Al-Afaliq, discussed several issues, foremost of which are the challenges of the labor market, calling for a review of the "financial compensation" decision applied to localization of employment in the private sector, and that it be applied according to activities and occupations, according to the regions, especially in light of the wide variation in the level of demand for occupations according to the regions and activities, and they proposed some amendments in the Emiratization policy to achieve the goals of the ministry without harming the interests of the private sector and called for a system to apply the terms of the employment contract to the two sides instead of one party.
This meeting was followed by another meeting that brought together the commercial sector with the representative of the National Competitiveness Center (Tayseer) Abdullah bin Hassan Imran, which was devoted to discussing how to improve the business environment in the commercial sector, and the meeting, which was moderated by the Chairman of the Commercial Committee, Hani bin Hassan Al-Afaliq, called for the creation of a single "portal" that deals Through the private sector, it will be an umbrella for it, rather than the multiplicity of bodies with multiple and different procedures so that the image is clear to the local investor.
For this part, the representative of the National Competitiveness Center (Tayseer) Abdullah bin Hassan Al-Omran emphasized the partnership of the private sector with the public sector, which was mentioned by the vision that has the patronage and follow-up of His Highness the Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, reviewing the most important axes of the sector Course that will be discussed during the meeting and revolves around issues (systems and procedures, cover-up, reference, fees and taxes, logistic services, electronic commerce, human cadres, and (Emiratisation policies).
On the systems and requirements, the attendees explained that the electronic services are still retracted by some of the relevant government departments, unlike the Ministry of Trade and Investment and the Ministry of Justice, which are successful models in the application of these services, as well as the flexibility and streamlining of their systems.
On "commercial cover-up," they called for obliging SME's to use electronic payment methods that contribute to solving the problem of cover-up, as evidence of their great success in gas stations.
They concluded by calling for additional support for electronic commerce, especially the internal ones, through stimulation, training and the launch of more systems.
Banking expert emphasizes the need for caution and prevention of financial fraud operations renewed
26/02/2020
In a lecture held at Asharqia Chamber yesterday:
Banking expert emphasizes the need for caution and prevention of financial fraud operations renewed
The Director of Banking Awareness Programs at the Media and Banking Awareness Committee called on Abdul Rahman Al-Mutawa to take the side of "prevention" and warn of fraud attempts, as it is better than "treatment" in the event of something like this, especially since all fraudsters at the financial level are from outside the country, and their means are renewed day after day.
This came in a lecture entitled (Financial Fraud) organized yesterday Wednesday, February 26, 2020, by the Asharqia Chamber in cooperation with the Information and Banking Awareness Committee in Saudi banks where Al-Mutawa said that "those who practice financial fraud use several means, including messages and direct communications and the purpose of which is to lure people, and from them, they are accused of having Certain investments and have prizes and returns, or calling for specific agencies, or offering offers to exchange currencies and the like. Large economic events such as the Kingdom’s Vision 2030 and Saudi Aramco’s subscription and the like are used to promote these offers which are fictitious and nothing more than multiple means of one goal which is to access the savings or accounts of the targeted persons by fraud.
He stated that these many missions that are made through different means of communication are in fact the first stage of crimes, carried out by people from inside and outside, and most of them are from abroad, and in the case of access to accounts and funds, the second stage comes to complete the first crime which is "washing" those savings and imparting Legitimacy by depositing and then circulating along with other clean money, both of which fall within the scope of crimes punishable by law.
Al-Mutawa stressed the necessity of not responding to such offers and informing the concerned authorities of the arrival of these messages to take the necessary action before the crime occurred, and in the event of fraud, the aggrieved party is required to immediately report the crime, either to the bank or to go directly to the competent authorities.
He stressed that the Kingdom is one of the countries targeted by gangs of financial fraud, but what distinguishes them is that the competent authorities are ready to face such currents and deal with them before they commit their crime, so a unified direct number was distributed to report any message bearing this content (330330) .. appealing Everyone is not to deal with these messages, and not to disclose information of the confidential nature of bank accounts, and in the event that any citizen wishes to work in the field of financial investment, the methods are clear to him, and he does not need to deal with entities or individuals who do not have the slightest knowledge of them.
A workshop proposing solutions to improve the investment environment for SME's with the Food and Drug Authority
26/02/2020
A workshop proposing solutions to improve the investment environment for SME's with the Food and Drug Authority
Asjarqia Chamber, in cooperation with the Food and Drug Authority, organized a workshop entitled "Improving the investment environment for SME's with the authority", where they discussed a number of challenges and difficulties facing the sector, in the presence of a number of officials at the main headquarters.
The workshop reviewed a range of challenges. Where the attending suggested ideas from the most important of them: unifying a list used by all the inspectors and obtaining views and information from factories and laboratories in the Kingdom to benefit from them, the emergence of policies and specifications for the investor by linking government records and licenses, as well as guidance and alert before the violation, and evaluation from the inspectors, in addition to standardizing a list The inspection items are used by all inspectors.
With regard to registration and licenses, the participants suggested granting permission to clear at the authority’s branches, continuous cooperation and coordination between the Food and Drug Authority and the secretariats, authorizing the establishment of small warehouses inside the cities, and overseeing all who practice selling, whether the owner of an establishment or others who practice selling.
Modern payment methods are an option for SME's for growth and developmen
25/02/2020
In the expanded meeting of financial sector investors
Modern payment methods are an option for SME's for growth and development.
The expanded meeting of the financial sector in the eastern region stressed the importance of using new methods in payment methods, especially for small and medium enterprises, if they want to be in line with the transformations that all social groups are witnessing towards the online purchases and the accompanying applications.
Participants in the meeting held on Monday (24 / February / 2020) chaired by Chairman of the Finance Committee of the Asharqia Chamber Zaid bin Abdullah Al-Yaish, referred to the many and significant developments witnessed by the government sector and the private sector in the use of modern payment methods, and the gradual abandonment of traditional payment methods, in addition to the emergence of companies specialized in finding the necessary applications for electronic commerce, which confirms that the future carries with it a lot, necessitates all facilities to adopt these means, as they are the best in many respects, especially in terms of security.
He drew attention to the presence of some facilities (mostly small) abandoned after what traditional means. Noting the step of the concerned authorities to compel the gas stations to adopt the points of sale under the penalty of the law, this step will contribute to the expansion of this method to more than one entity involved in providing services.
The attendees discussed the new insurance products and the importance of investor orientation towards them and benefiting from them, such as housing, jewelry, and project insurance, in addition to vehicle and health insurance.
The Minister of Energy: Al-Jafurah supports the direction of rationalization through the use of gas to run electricity
24/02/2020
During the Energy Pioneers Forum 2020 in the Asharqia Chamber
The Minister of Energy: Al-Jafurah supports the direction of rationalization through the use of gas to run electricity
His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, said that the local content program emphasizes maximizing economic benefit by providing the needs of the country from within, and this would enhance the economic and political security of the Kingdom through self-sufficiency.
During the main session of the Energy Pioneers Forum 2020 organized by the Asharqia Chamber represented by the Businessmen Council on Sunday evening, February 23, 2020, the Minister of Energy stated that the Ministry is determined to communicate with the private sector, whether they are businessmen or businessmen, in order to achieve the goal of maximizing local content, where the Ministry will provide a possible environment for large, medium, small and emerging companies to take advantage of the opportunities available in the energy sector that come from the needs of all government agencies, according to their requirements. Pointing to the need to communicate with the private sector to explain all the goals of the various entities and what can be focused on in their future investments.
His Highness the Minister of Energy, during the session, attended by His Excellency Dr. Ghassan bin Abdul Rahman Al-Shibl, Chairman of the Board of Directors of the Local Content and Governmental Procurement Authority, and moderated by the Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, in the presence of the Chairman of the Youth Business Council of the Asharqia Chamber, Abdullah bin Faisal Al-Braikan, to The Ministry is currently working on a new energy strategy that contains a work program that has many goals, targets, activities, and programs.
Al-Shibl revealed that the new government competition system and procurement holds a basic pillar represented in the list of preference for local content and small and medium enterprises, and listed companies, stressing that the list includes mechanisms to prefer local content and a mandatory list that must be purchased from national manufacturers and a price preference for small and medium enterprises by 10 percent as well His Excellency said we established the Local Content Coordination Council, which includes major national companies and relevant government agencies with the aim of unifying standards and mechanisms for measuring local content. A balance was achieved in the exploitation of the Kingdom's resources from other natural resources such as renewable and clean energy ... which made this sector replete and promising various investment opportunities.
An environment for innovation
For his part, head of the Business Council of the Asharqia Chamber of Commerce Abdullah bin Faisal Al-Buraikan indicated that the Kingdom is abundant with a huge and tremendous amount of traditional and renewable energy resources, which allowed it to have a pivotal position in the global energy markets. Energy; framed within a strategic scope in the context of a new vision, and adopted ambitious policies to shift to diversification in energy sources, and to optimize the country’s great opportunities in all energy fields, and both government policies and the enthusiasm of the private sector Create an environment conducive to innovation and entrepreneurship in this vital sector and make tangible progress in its strategic plans to exploit all kinds of energy sources owned by the country.
At the conclusion of the forum, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud received the Minister of Energy an honorary shield presented by the Chairman of the Board of Directors of the Asharqia Chamber Abdul Hakim Al-Ammar Al-Khaldi, in the presence of the Chairman of the Business Council of the Asharqia Chamber Abdullah bin Faisal Al-Braikan. Chairman of the Board of Directors of the Local Content and Governmental Procurement Authority with a memorial shield.
Asharqia Chamber holds a training program entitled "Own a mindset of change" presented by international spokesperson Cyril Kurtlefin
20/02/2020
Asharqia Chamber holds a training program entitled "Own a mindset of change" presented by international spokesperson Cyril Kurtlefin
The Training Center of the Asharqia Chamber, in cooperation with Origin International, is organizing an intensive training program on administrative leadership under the title "Own a mindset of change" on Wednesday 4 March 2020, with the participation of the Belgian expert and international speaker Cyril Kurtlefin, at the headquarters of the Chamber in Dammam.
The speaker highlighted a number of themes related to effective leadership in light of the current challenges, and embrace the mentality of change management in a time of instability and economic, it also offers a detailed reading about how the impact of leaders on others in various government institutions and bodies, and the mechanism of providing them with entrepreneurial and creative skills, with talk about the role of the leader in the face of obstacles to the adoption of change and how to transform the challenges and difficulties and opportunities for success.
As a specialized speaker who won several awards in the field of enhancing the creative mindsets of successful leaders, he searches several important issues in this field such as (employee resistance to change, effective communication, attracting and motivating the employee to work during the change process), in addition to various other axes that the speaker will address during program sessions.
It is noteworthy that Kurtlefin is an expert specialized in motivating employees and individuals and inspiring them to unleash their full potential and break the patterns of fixed and traditional thinking, and he has experience and practical history of more than 20 years in the field of creativity and innovation, as he was able to influence a large number of leaders of major institutions in more than 25 countries Around the world, including "NASA American, Philips, Pfizer, Deloitte, PDO", and others. It also helped many institutions to achieve their most important strategic goals, by involving all employees in the process of change, reducing fear of external risks to the institution, and adopting a creative mindset.
The "Energy Pioneers 2020" Forum and Exhibition will be launched next Sunday in the Asharqia Chamber
20/02/2020
Under the patronage and honor of the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman
The "Energy Pioneers 2020" Forum and Exhibition will be launched next Sunday in the Asharqia Chamber
Under the patronage and honor of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, the Eastern Chamber represented in the Business Youth Council will launch next evening, November 23, 2020, the events and exhibition of “Energy Pioneers 2020 AD”, which aims to shed light on the products of the region's entrepreneurs in the fields of energy And to open dialogue and discussion on mechanisms for benefiting from the country's various initiatives in this vital field full of promising productive investment opportunities, including services.
Youth component
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the “Energy Pioneers 2020 m” forum and the accompanying exhibition come within the framework of the Chamber’s vision and mission aimed at motivating entrepreneurs and developing entrepreneurship and innovation among young businessmen from the region and encouraging them to move towards investment in energy fields. This confirms the Chamber's continuity in supporting the youth component, which the vision of 2030 considered to be one of the most prominent strengths the Kingdom has to launch towards the future.
A vital sector
Al-Khaldi stressed the energy sector’s vitality in its various fields, and it has become a topic that comes on the list of our national options and is witnessing today's great momentum and rapid development compared to previous years. Of the foundations in this vital sector, according to its various sources, indicating that the forum will open a wide field for constructive dialogue between and young entrepreneurs with regard to energy fields, as it comes in continuation of what the Chamber constantly presents about the importance of the energy sector diversifying its sources and its innovation and the best ways to develop in line with global developments.
New products
For this part, the chairman of the Youth Business Council at the Asharqia Chamber of Commerce, Abdullah bin Faisal Al-Braikan, said that the forum is one of the important activities that the Business Youth Council adopts under the Asharqia Chamber’s umbrella, in order to unveil the new products offered by young people in the energy fields, and the ideas it brings to this sector. , And keeping pace with government initiatives towards its optimal use, explaining that the forum works on several axes, on the one hand, it provides an opportunity for young people to display their businesses and products through the accompanying exhibition, and on the other hand, it will provide many opportunities for knowledge and cooperation between business owners and each other, in addition to that it provides the field Youth offer needs and requirements to help them in terms of direction of investment in the fields of energy, which comes today as one of the main pillars in the implementation of the vision of the future.
The desire of the private sector
Al-Buraikan stressed that the state’s contributions and the desire of the private sector, create an environment conducive to innovation and entrepreneurship in this vital sector, and make tangible progress in exploiting all types of energy sources owned by the country, pointing to the importance of dialogue and its role in enhancing energy sector opportunities among young entrepreneurs, saying: This forum tries to provide an objective reading of everything related to the energy sector in the Kingdom, calling on business youth to attend and benefit from the forum's open dialogues and discussions about its future prospects, the challenges they face and ways to remedy them, leading to a sustainable sector that continues to support Biography of the country to development.
The Chairman of Asharqia Chamber: The Export-Import Bank is a major step that improves the efficiency of the export environment and the quality of services supporting export
19/02/2020
The Chairman of Asharqia Chamber: The Export-Import Bank is a major step that improves the efficiency of the export environment and the quality of services supporting export
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, described the cabinet decision issued on Tuesday, February 18th, to establish the Export and Import Bank, as a major step that improves the efficiency of the export environment and the quality of services supporting export, saying: The bank comes as one of the most important mechanisms Supporting and complementing the serious steps taken by the state to raise the growth rates and the contribution of the industrial sector to the gross domestic product, and it is to achieve our national options by diversifying the production base and achieving industrial integration and stimulating the growth of non-oil exports, offering his thanks and appreciation to High-Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Fall, and the Export Development, on the big roles that they have made the decision to establish export and import bank.
Al-Khaldi stressed that the industrial sector in the country is witnessing major developments that supported his growth opportunities in the national economy, and that the establishment of the Export and Import Bank would open broad horizons for the development of non-oil exports, which come as one of the most important pillars of the vision of 2030, towards a diversified and prosperous economy, it is an opportunity Exporters and importers can obtain diversified and affordable financing products that support their needs during all stages of the export process or several training and consulting services.
For this part, Ibrahim Al Sheikh, The Chairman of the Board of Directors of the Industry and Energy Committee of the Asharqia Chamber, said that the inauguration of the Export and Import Bank reflects the extent of government interest in the industrial sector and its serious endeavor to enhance its role in the national economy, especially as it is one of the dependent sectors capable of promoting growth Sustained economic, and assimilation of the national workforce, indicating that it marks the recovery of the industrial sector and its increasing competitiveness with high levels of quality and performance and finding value-added products that enhance the industrial process in the country.
Al-Sheikh stressed his optimism in the country's industrial sector and its ability to achieve its future goals, and that it is on the threshold of a new plant that will enhance the national product and increase its competitiveness at home and abroad. , which helps to raise the export readiness of industrial enterprises and motivate them to develop and modernize and facilitate their access to appropriate export markets.
An invitation to the private sector to invest in the huge economic transformations and the promising opportunities presented by Vision 2030
19/02/2020
An invitation to the private sector to invest in the huge economic transformations and the promising opportunities presented by Vision 2030
An increase of 54% in the number of foreign companies investing in the Saudi market.
27% of government purchases from small and medium enterprises.
In the presence of His Excellency the Governor of Al-Jubail, Abdullah bin Nasser Al-Askar, the Deputy Chief Operating Officer of SABIC Abdul Rahman Al-Faqih, and a member of the Board of Directors of the Asharqia Chamber and the Foreign Investment Committee Saadoun bin Khaled Al-Atish Al-Khaldi. The activities of the fourth day organized by the Chamber in cooperation with SABIC were launched yesterday within the activities of SABIC Forum 2020, with wide participation in the authority of King Abdullah Al-Hadari in Jubail.
Al-Khaldi pointed out that the Kingdom's vision 2030, embodied a road map towards a comprehensive future national development, and charted, under the guidance of its rational leadership - an ambitious progress path, on many aspirations in various sectors, including the investment sector that comes on the list of vision priorities and purposes, and opened the doors of investment in various fields, the obstacles that limit its playing a greater role in the development process were removed, and it continued to develop and activate the legislative and procedural system related to markets and businesses until the Kingdom became one of the first countries attracting investment.
In the first session of the fourth day, which was run by the Secretary-General of the Banking Information and Awareness Committee in Saudi banks, Talat Hafez, speakers stressed that the investment environment in the Kingdom has a positive trend, and is moving in an upward direction, supporting local and foreign investments, and providing promising opportunities for all sectors, small and large enterprises, The transformations require the private sector to take more initiative and take off.
For this part, Deputy CEO of Petrochemicals of SABIC Abdul Rahman bin Saleh Al-Faqih said that the future of investment in the Kingdom is promising, given the country's investment environment that may be unique and abundant with many opportunities, the most prominent of which are the major projects that are developing in an accelerating manner, and that are moving towards technology localization and creativity he pointed out that SABIC acquired 12 thousand patents, and managed to localize 25 technologies, all with national hands that contributed and contributed to support our local investment .. Stressing the company's keenness to provide a supportive environment for all activities supporting the Vision 2030 and achieve the aspirations of rational leadership in delivering Lek to the highest ranks, especially in the economic aspect.
On this part, Deputy Governor of the General Authority for Investment Services and Investors, Ibrahim Al-Suwaiyel said that attracting local and foreign investments is one of the most important goals of Vision 2030 and the authority seeks to help investors obtain opportunities and partnerships and launch new projects, and we witnessed in the past year an increase in the number of foreign companies by 54%, which is what It did not happen within ten years, as more than 1000 foreign companies entered the Saudi market. Noting at the same time that the authority directly supports the local investor, specifically small and medium enterprises, and several measures have been taken in this regard, including shortening the requirements for water Allocating by half and open partnerships with external investors, as well as procedures and forms of support carried out by the authority for local and external investors.
As for the CEO of the National Industry and Logistics Services Development Program, Suleiman Al-Mazrouh has made it clear that this program is one of the country's ambitious programs, aimed at moving all forces and capabilities to achieve the vision ... explaining that the program focuses on the natural resources and geographical location of the Kingdom, and works to provide the environment to enable industrialists For more innovation, it provides a range of financial and non-financial incentives to develop the targeted sectors of industry, mining, and logistics, and support the fourth industrial revolution in the country.
While the Secretary-General of the Saudi Export Authority, Engineer Saleh Al-Salami, stated that the goal of the authority is to raise the contribution of non-oil exports to the gross domestic product from 16% in 2015 to at least 50% in 2030, and this, of course, requires more effort .. explaining that the authority is working to develop exports Direct and re-export and export services, and in order to get to the position of domestic exports better in global markets, we must work to find a manufacturing industry with competitive value in global markets, which require the Saudi product, which has a good reputation, Praising the step of launching the export bank, which will solve the financing problem in the issue of exporting Saudi products, especially since the bank has 18 products, including direct financing.
For this part, the governor of the Saudi Commission for Small and Medium Enterprises, Engineer Saleh Al-Rasheed, said that the strategy of the authority is to build a promising environment for small and medium enterprises and that these establishments have a high growth and high revenue, and this is all done by financing these facilities, their delivery, and their products to external markets, and protecting these Establishments and their continued performance, and some goals have been achieved, as the government is getting 27% of its needs from small and medium enterprises, and 6% of bank financing is directed to these establishments ... stressing that the higher goal of the authority is to consolidate the business culture in Saudi society.
In the second session, which was held under the title "Opportunities, Challenges, and Solutions for Small and Medium Enterprises," and was moderated by a member of the Business Council of the Eastern Chamber of Jubail Fahd Al-Mishal. The biggest difficulties facing the sector are exploring investment opportunities
Moussa said that strong industry necessitates building a strong logistical network "and this is what we seek, as we designed a program that aims to develop a large logistical network that contributes to supporting the industrial sector," pointing out that the new industrial specialties need qualified Saudi cadres to accompany this development in the disciplines.
On investment, Moussa explained that the investment process needs to develop the financing process to keep pace with the goals of the Kingdom's 2030 vision and to develop a working mechanism to reach high levels in the ease of doing business and investment, and he said that the support and sufficiency program and other support and empowerment programs support the state’s directions aimed at empowering entrepreneurs and investors.
For this part, Chief Executive of the National Program for the Development of the Fish Resources Sector, Dr. Ali Al-Sheikhi, stated that fish farming represents the ideal and appropriate solution to compensate for the extravagance in the fisheries, pointing to 15 ready investment opportunities on the Red Sea coast, pointing to the program aimed at producing 100,000 tons in the year 2020, Down to 600 thousand tons in the year 2030.
For this part, Director-General of Investment Development at the Royal Commission in Jubail, Dr. Ahmed Al Hassan said that there are many investment opportunities in various sectors, including building cities and model neighborhoods in addition to the opportunities in the logistical sector, explaining that the authority has allocated 160 hectares to attract innovation and research centers, and 165 hectares for SME's.
Al-Hassan indicated that a number of promising investment opportunities for SME's in the city of Ras Al-Khair specialized in mining, stressing that the authority has paid attention to entrepreneurs by turning their ideas into projects in coordination and support from the Social Development Bank.
A meeting reviewing investment opportunities in the industrial, agricultural and tourism sectors in Ethiopia
18/02/2020
A meeting reviewing investment opportunities in the industrial, agricultural and tourism sectors in Ethiopia
The Deputy Chairman of the Asharqia Chamber and Chairman of the Hospitality and Recreation Committee, Hamad bin Muhammad Al-Bouali praised the level of the existing relations between the Kingdom and Ethiopia, as both countries have adopted nearly identical plans, programs, and initiatives to develop their overall economies with a special focus on industrialization, where there are bright potentials for cooperation between the two countries in the fields of agriculture, infrastructure development, energy, manufacturing, and tourism.
Al-Bawali said during a meeting with the Ethiopian businessmen delegation on Tuesday 18 February 2020 that the Kingdom, in the framework of its vision 2030, has given great priority to developing its tourism sector, and that the government has undertaken many huge tourism projects throughout the Kingdom, which has opened enormous investment opportunities to local investors and foreigners.
He pointed out that the eastern region of the Kingdom has emerged as an attractive tourist destination, not only in the Kingdom but also in the entire Gulf region because of its long coastlines on the bay that extends for more than 700 km. In addition to that, the eastern region has a great tourism infrastructure by building dozens of modern shopping centers, entertainment centers, natural parks, and archaeological sites.
He pointed out that the eastern region took the lead in the industrial development of the Kingdom, as this region is now called "the capital of the Gulf industries, due to its huge industrial activities, and the presence of many energy and petrochemical projects at the world level in the region and its industrial cities Jubail."
For this part, Mr. Sebseeb Bad Adab, Minister Counselor at the Ethiopian Embassy in Riyadh, and through a presentation, focused on the enormous investment potential in Ethiopia, and his country has been described as a "land of origins" as it has many archaeological and historical sites registered in UNESCO, which attract tourists from all around the world.
Adab added that there are more than 140 agricultural crops produced in Ethiopia, which includes coffee, as coffee was discovered in Ethiopia since the ninth century. Currently, he pointed out that more than 12 million people in Ethiopia are involved in the cultivation and harvesting of coffee.
Another advantage of investing in Ethiopia reported by literature is the creation of the African Continental Free Trade Area (AFCFTA) with the aim of creating a single market for goods and services across the African continent. It was established by the majority of the fifty-five members of the African Union.
Asharqia Chamber discusses the opportunities and challenges of the road to 2030 within the activities of the forum «SABIC 2020»
18/02/2020
Under the title "Invest in Saudi Arabia"
Asharqia Chamber discusses the opportunities and challenges of the road to 2030 within the activities of the forum «SABIC 2020»
Today, Wednesday, February 19, 2020, the Asharqia Chamber holds its sessions titled (Invest in Saudi Arabia), as part of the activities of the "SABIC 2020" forum, which was opened by His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, on Sunday, February 16, and witnessed the presence of many Among the Excellencies, and officials of the largest companies in the Kingdom, in the King Abdullah Civilization Center in Al-Jubail Governorate.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that today the Chamber will participate in two sessions in the forum titled (Invest in Saudi Arabia), during which a group of specialists and government officials will speak.
He pointed out that the Chamber is trying, through its participation in the forum, to open the way for dialogue and discussion on how to participate positively in the paths of the vision of 2030, and review the opportunities, challenges, and roles that the private sector can play in achieving its goals related to investment in the Kingdom and its diversification mechanisms, calling on the business sector to attend and benefit from the present and the topics for discussion, especially since they will provide a comprehensive definition of the investment situation in the Kingdom, and also provide many treatments for financing challenges, or others, that face entrepreneurs from small and Middle.
The session is moderated by the Secretary-General of the Banking Information and Awareness Committee in Saudi banks, Mr. Talaat Hafez, in which both the Governor of the General Authority for Small and Medium Enterprises, Eng. Saleh Al-Rashid, and the CEO of the Office of the National Industrial Development and Logistics Program Office, Engineer Suleiman Al Mazrou, and the Deputy Governor of the General Authority The Investments for Investors Services and Consulting, Mr. Ibrahim Al-Suwail, and the Secretary-General of the Saudi Export Development Authority, Engineer Saleh Al-Salami.
Al-Khalidi went on to say that the second session will touch on providing a comprehensive reading of the opportunities, challenges and solutions for SMEs to motivate them to keep pace with the rapid developments that the national economy is going through, by highlighting the investment opportunities available in the procurement and operation in the Kingdom, as well as the investment environment, with a statement The roles of government agencies and chambers of commerce in identifying investment opportunities, as well as the challenges of local content in the petrochemical market and inferring success stories in local content.
Al-Khaldi noted that this second session will be moderated by Mr. Fahd Al-Mishal, member of the Jubail Business Council, during which a group of experts and specialists will speak, as Vice President of the Local Content and Business Development Unit - SABIC, Engineer Fouad Moussa, and Director General of Investment Development at the Royal Commission in Jubail, Dr. Ahmed Bin Zaid Al Hussain, the CEO of the National Fish Resources Development Program, Dr. Ali Al-Sheikhi, as well as the CEO of Skall AQ-Norway, Professor Geer Micklebost.
Specialist: fraud in the work environment is dangerous and expensive
18/02/2020
In a lecture held in the Asharqia Chamber
Specialist: fraud in the work environment is dangerous and expensive
The Executive Director of the Saudi Anti-Fraud Association, and the licensed member of the International Fraud Detection Association, Engineer Waheed Bin Hazaa Al-Qahtani, warned of the danger of fraud, especially workplace fraud which may involve counterfeiting or counterfeiting with official papers .. stressing that fraud occurs anywhere and at any time, And in any sector, it is a contemporary crime that takes place without violence or exposes the fraudster to the risks of confrontation.
Al-Qahtani said in a lecture held in the Asharqia Chamber on Wednesday 12 / February / 2020 under the title (Fraud Harming and Preventing it) Fraud is "using lying to bring benefit or pay spoiler", which is an intentional act by one or more of some administrators, or with certain powers or employees Those with authority, or third parties, involves deception to obtain an unfair or unlawful benefit, for example by tampering with company data which leads to fallacies in the financial statements to raise profits or reduce debts, as it includes any illegal or unlawful acts or behaviors characterized by fraud, deception, concealment or breach of trust. Such actions or actions do not depend on the use of the threat of violence or material force.
He pointed out that the average person receives between 22 and 26 lies a day, or information that is not true, and the problem is that some people have considered lying a necessity and a means of success.
He added that fraud comes in many forms such as contract manipulation and procurement, forgery and counterfeiting, monopoly and market manipulation, embezzlement, extortion and bribery, information leakage and sale, money laundering, and is spread anywhere (in the street, at home, on the Internet, and at work) except that - in the present time - it is increasing in the insurance and banking sectors, in addition to the health and communications sectors, especially in related projects.
He said that all companies are at risk of fraud without exception, and that, under the appropriate circumstances and pressure, the average person may defraud fraud. Humans - often - are under pressure and find themselves justifications for practicing fraud.
He pointed out that the cost of fraud is so high that, according to the International Report on Fraud Cases for 2018, institutions and companies in the private sector expose 5% of their income to various fraud risks, either as a result of falling under the trap of fraud or as a result of spending it as fines or expenses to combat it. Accordingly, the potential cost of job fraud crimes in the private sector amounts to $ 4 trillion around the world. Also, many of the world-famous companies have been defrauded and they have delegated their losses in the millions and some of them may reach billions.
As for the cost of fraud in the Saudi market, the amount of the cost of adulterated goods (which is a type of fraud) in the Saudi market amounts to 5 billion dollars, and the cost of the seized goods in 2015 is only 84 million dollars.
Al-Qahtani expects the complications of fraud to get worse in the future, especially with the introduction of electronic fraud, the availability of electronic transactions and the expansion of regional transactions, especially since a category of fraudsters is expected to come from young age groups with high aspirations to gain quick gain, assuring that the fight against fraud is done with a simple effort It is a focus on the importance of ethics, which should be generalized to the largest possible number, and be a feature and pattern in the completion of the company's business and tasks. Ethics means a transparent and honest work environment through open communication channels.
Finally, he spoke about the Saudi Anti-Fraud Association and its role in combating this disease, as it is a humiliating, non-profit association that works to combat fraud within the framework of the mission and goals of other professional societies in the Kingdom, which comes in a framework that integrates with all other professional institutions and associations.
The Prince of the Eastern launches "Bridging" initiative
18/02/2020
Aims to Promote Local Content and Intra-Trade, The Prince of the East Launches "Bridging"
He confirms:
• The vision of rational leadership - may God preserve it - seeks to support and enable local content
• The required role of the chambers of commerce in promoting local content is still great
• The Ministry of Industry is working to build an efficient and capable local supply chain.
His Royal Highness, Prince Saud bin Nayef bin Abdul Aziz, Prince of the Eastern Region, sponsored the launch of the Eastern Chamber initiative to promote local content and intra-commerce "bridging", at the ceremony organized by the Chamber at its headquarters, in the presence of His Excellency the Minister of Industry and Mineral Resources Mr. Bandar bin Ibrahim Al-Khorayef, and a number of officials and interested in the industrial sector.
His Highness praised the care and concern of the Custodian of the Two Holy Mosques and His Highness the Crown Prince - to enable local content and make it a first choice in various industries and projects, noting that the steps that the Kingdom has taken towards enhancing local content and maximizing its economic impact will contribute to achieving the goals of the Kingdom's Vision 2030 to increase The size of the non-oil sector in relation to the gross domestic product, explaining His Highness that the role of the chambers of commerce in promoting the local industry is not limited to this initiative, as the opportunities are still wide in front of the chambers of commerce to link between major companies and small and medium enterprises, and find various initiatives To support and enable local content, consolidate the concept of quality and sustainability, and establish exhibitions, conferences and meetings that support and identify local content and the national industry, indicating his highness the important role played by the Ministry of Industry and Mineral Resources in supporting the role of the chambers of commerce and working to enhance the use of local products in national projects and industries, And support research and development in the private sector, and provide job opportunities, in accordance with the Ministry's strategy to support the manufacturing sector, and its plans to build a local supply chain with capacity and efficiency.
In the speech ceremony on this occasion, His Excellency Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef gave a speech announcing the Ministry's intention to launch the "Export Bank" in the coming days to be a supporter of the industrial sector that relies on the state in the development industry, and through which various industrial clusters will be launched, Which means looking at the clusters as a concept through which industrial ideas are built and work to bring factories that work in one activity closer, stressing that these initiatives and entities will help the industrial sector to grow and achieve the achieved results and goals, adding that the state relies on the industry sector to achieve The economic diversity, and the creation of real growth, to achieve the targeted development, in the industrial and mining sectors, which is large in fact, so the formation of an independent ministry came to find a work team that stands on a strong base built during more than 40 years ago, and our role is to complete this march through Preserving the gains, increasing the added value and exploiting the natural resources such as oil, gas, and minerals.
Turning to the Nadlab program for industry and logistic services, which is one of the largest programs launched and aimed at uniting the efforts of the sectors that the program serves, namely industry, mining, energy, and logistics.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that there are many indicators that confirm the continuation of the national economy to its recovery, supported by several factors, on top of which is the partnership approved by Vision 2030 AD and granted to the private sector in the path of growth and development. He explained that the “Bridging” initiative that enters As part of the Asharqia Chamber’s efforts to achieve the goals of the 2030 vision by strengthening the role of the private sector in the process of economic growth and development that the country is experiencing in various sectors and areas, and its efforts to provide new and innovative services that support the business community from industrialists and local suppliers, they start from uh The importance of finding clear formulations towards consolidating the values of cooperation, participation, and integration among local industrialists, with the ease of cooperative work in exchanging information, products and raw materials between factories and each other, which leads to raising the percentage of local content in the national industry.
As for the member of the Board of Directors and Chairman of the Chamber of Industry and Energy Ibrahim al-sheik, he explained that industrialization is a strategic option for achieving sustainable economic growth, as it is a sector that has great capabilities in promoting economic growth, and holds more investment and career opportunities, and is characterized by its connection and interference with many activities the other economic, pointing out that the "bridging" initiative is a model for its mini-application and its outputs from industrial incubators, the first of its kind in the Kingdom - it comes as an innovative step that pushes towards building bridges of cooperation between our various factories, which leads to: ( It is what leads to (reducing operating costs, raising production capacity, and reducing capital, and thus increasing our ability to compete with advanced economies.)
The Prince of Eastern is sponsoring the launch of the "Bridging" initiative to boost local content in the Asharqia Chamber
16/02/2020
The first of its kind in the Kingdom
The Prince of Eastern is sponsoring the launch of the "Bridging" initiative to boost local content in the Asharqia Chamber
His Royal Highness, Prince Saud bin Nayef bin Abdul Aziz, Prince of the Eastern Region, on Monday 17 February 2020, is sponsoring the launching ceremony of the Ashaqia Chamber, the first initiative of its kind in the Kingdom “Bridging”, which aims to enhance intra-trade between local factories and enhance local content, in the presence of His Excellency the Minister of Industry and Mineral Resources, Professor Bandar bin Ibrahim Al-Khorayef.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that His Highness the Prince of the Eastern Region is launching the initiative at 9:45 am in the accelerated hall in the headquarters of the Chamber, stressing that the “Bridging” initiative comes within the efforts of the Asharqia Chamber to achieve the goals Vision 2030 by strengthening the role of the private sector in the process of economic growth and development experienced by the country in various sectors and fields, and its efforts to provide new and innovative services that support the business community from industrialists and local suppliers, pointing out that it stems from the importance of finding clear formulas towards consolidating the values of cooperation, participation and integration between Local industrialists, including collaborative work achieved by the easy exchange of information, products and services between the factories each other, which is in raising the proportion of local content in the national industry and to achieve our aspirations that the Kingdom is the best model in the industrial regional integration.
Al-Khalidi pointed to a ministerial dialogue session attended by His Excellency Minister of Industry and Mineral Resources Professor Bandar bin Ibrahim Al-Khorayef, His Excellency Deputy Minister for Industry Affairs Osama bin Abdulaziz Al-Zamil, and His Excellency Deputy Minister for Mining Affairs Khalid bin Saleh Al-Mudayfar, chaired by a member of the Chamber’s Board of Directors and Chairman of the Industry and Energy Committee Ibrahim bin Mohammed Al-sheikh.
For this part, Al-Sheikh said that industrialization today is a major priority for our rational government, and represents a strategic choice for achieving sustainable economic growth and that the “Bridging” initiative is based on the idea of industrial integration, as it is an effective tool in spinning the threads of close cooperation and the exchange of information, expertise and products, which achieves distinction. In production and seamless access to local and international markets, stressing that the integration between factories is only conducive to the competitiveness of the Saudi industry with high levels of performance and productivity, and finding value-added products that enhance the industrial process in the country and support the development of a sector Business from industrialists and local suppliers.
Al-Sheikh pointed out two discussion sessions that will take place on the sidelines of the first concert at 10:30 am, titled developments in the industrial sector. The director of industry and cities development for (Modon) Naif Al-Darwish, the director of business development at the Saudi Industrial Development Fund Mohammed Al-Hamid, and engineer Mazen Al-Jasser, general manager of marketing The founder of the Saudi Export Development Authority, which is chaired by a member of the Chamber of Industry and Energy, said Saeed Sahm.
In the second panel discussion, which is held at 11.45 am, entitled Successful experiments in which Liam Harley from Emerson Company, Salem Al-Juhi from the Technical Principles Factory for Metal Industries, Khaled Saad Al-Din from Saad Al-Din Sweets and Mohamed Al-Thobaiti from Al-Zamil Industrial Coating, chaired the panel member. Industry and energy in the room are Muthanna Al Rattan.
An accompanying exhibition will be held on the sidelines of the initiative’s launch, in which a number of companies, institutions and governmental bodies participate, and a number of agreements will be signed.
The Chairman of the Qatif Court: Endowment funds are concerned with the financial construction of some family members
13/02/2020
The Chairman of the Qatif Court: Endowment funds are concerned with the financial construction of some family members
Asharqia Chamber was organized within the activities and programs of the Committee of Religious Endowments meeting, the second series of Diwaniya Awqaf "fourth session" entitled: funds, endowments and family, and at the headquarters in Dammam.
The guest of the meeting, The Chairman of the General Court of Qatif Governorate, Dr. Mansour bin Abdulaziz Al-Salama, which was held on Wednesday evening, 12 February 2020, reviewed the interests of family funds and endowments, which reflect the economic role that is concerned with the economic dimension of some family members, and their financial construction, as well as the concerned individuals involved in that, in addition to To the frame of reference between them.
Al-Salama also clarified that the social role of the funds is concerned with strengthening the social fabric of the family and developing the capabilities of individuals, indicating that those involved in it are all family members and sometimes the segment participating in the fund or association, in addition to the reference that is based on the basic system of the human rights entity and the conditions of the position or donor or customs and values, Pointing out that the most prominent features of this social role are the entities of the endowment family institutions, family endowment companies, family, cooperative and charitable societies.
Al-Salama indicated that the leadership role of the funds is to preserve the entity in terms of presence or influence and general advice, as it cares for those concerned with it from the people of the solution and the contract in the family, and the frame of reference that reflects family norms, values, and constitutions, pointing out that the most prominent thing that represents this role is the sheikhdom of the tribe In family councils, it also takes into account common interests and individual rights.
Asharqia Chamber reviews investment targets and mechanisms in the Kingdom
13/02/2020
Within the activities of "SABIC 2020" forum
Asharqia Chamber reviews investment targets and mechanisms in the Kingdom
Within the activities of the "SABIC 2020" forum, and in a strategic partnership between the Asharqia Chamber and SABIC, the Chamber will organize on next February 19, 2020, at the King Abdullah Civilization Center in Jubail Industrial City, a dialogue session that includes a group of officials in the public and private sectors to review the prospects for investment in the Kingdom, and what the industrial revolution carries The fourth of future opportunities, and the challenges facing small and medium enterprises towards their positive engagement with the growing national economy movement.
For this part, the Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, thanked and appreciated SABIC by its keenness to cooperate with the Chamber and communicate and approach more private opinions and ideas in the eastern region, and stressed that the SABIC 2020 Forum comes at a time when The Kingdom has undergone a tremendous economic transformation that, since its inception, has strengthened the attraction of investors and maximized private sector roles in the national economy.
Al-Khalidi pointed out that the Chamber’s two sessions in the forum will review the strategic plans launched by the state in order to diversify the investment and work to increase it, highlighting the axes of investment excellence, opportunities, challenges and solutions necessary to achieve a positive engagement of the business sector in the national economy system, as well as the role of government agencies and chambers of commerce in identifying investment opportunities and setting specific frameworks for how to choose the appropriate models in order to achieve a fruitful partnership for the private sector in the national economy.
Al-Khalidi went on to say that the Chamber will also provide a comprehensive definition of the investment environment in the Kingdom, discussing the challenges of financing small and medium companies, as well as the challenges of local content in the petrochemical market, in addition to presenting a number of success stories in increasing local content.
Asharqia Chamber is preparing to organize the electronic applications exhibition in March 2020
11/02/2020
After the success of the first edition of the exhibition, and allocating financial prizes to the distinguished
Asharqia Chamber is preparing to organize the electronic applications exhibition in March 2020
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, is preparing to organize an electronic applications exhibition that will be hosted by the Chamber’s headquarters during the period from 16-18 March 2020.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the success of the first edition of the exhibition organized by the Chamber last year 2019 motivated us to continue organizing the exhibition for the second year in a row, noting the large volume of requests for participation, and also what the exhibition contained ideas and initiatives that are in line with the vision of the Kingdom 2030, and contribute to raising the performance of the local market and providing new in the electronics field.
Al-Khaldi said that the electronic development in the world and keeping pace with this development are the latest changes in the local market, pointing out that the market has changed according to new data and people's interests, stressing that all behaviors have been forced to change, and we have noticed that major companies are keeping pace with this trend and providing their services and products through electronic applications.
Al-Khaldi explained that the exhibition holds several goals, including providing an opportunity for owners of electronic applications and designers and programmers of applications to display their work, creating a stimulating environment for entrepreneurs in the field of electronic applications, and offering investment opportunities for entrepreneurs and entrepreneurs to investors, business expansion and spread through electronic applications, indicating that the exhibition It targets pioneers and women entrepreneurs, owners of electronic applications, application programmers, and interested in electronic commerce and applications, so that the exhibition targets 50 distinct electronic applications, and the Chamber has allocated financial prizes for the ten best applications Participation in the exhibition are selected by a specialized committee in electronic applications according to specific criteria.
In order to accept the participation, the applicant must be a Saudi or Gulf national, and has a general secondary certificate as a minimum, and that the application works and is effective, and works on all electronic systems (Android-Apple store -website). It also provides payment options in the application, while providing a service Customers through the instant chat and call center, and allows the Arabic and English languages, the number of users, and the name of the application to be clear.
Hadaf: The Eastern achieves a high rate of employment and resettlement rates
10/02/2020
In a workshop held in the Asharqia Chamber
Hadaf: The Eastern achieves a high rate of employment and resettlement rates
Samer Al Rayyan, Director General of the Human Resources Development Fund (Hadaf) explained to the client sector that the labor market indicators in the eastern region are proceeding with a positive trend, in many indicators, the most prominent of which is the increase in the number of Saudis in the labor market during the past year 2019, in addition to the high percentage of institutions ’outputs Educational and training has found a position in the labor market.
Al-Rayyan said in a working paper presented during a workshop organized by the Employment Center at the Asharqia Chamber on Monday 10 February 2020, under the title (The National Observatory of Labor ... Labor Market Indicators in the Eastern Region) that the unemployment rate throughout the Kingdom reached 12 the % last year 2019.
He pointed out that the workforce in the entire eastern region that entered the labor market has increased by 17% and that 11% of graduates of institutes and universities in the eastern region have obtained jobs within 6 months of their graduation, while 6% of graduates have joined the labor market before Six months have passed.
He mentioned that a number of educational and training institutions in the eastern region have achieved high levels of employment such as the Jubail Industrial College, 90% of its graduates have been employed, while the employment rate of graduates from other universities and colleges varied between 10-20%, and this activity comes within activities The Employment Center at Asharqia Chamber.
A delegation of Businessmen Council in the Asharqia Chamber starts a visit to the USA
09/02/2020
To identify the most prominent possible entities and initiatives in support of entrepreneurship
A delegation of Businessmen Council in the Asharqia Chamber starts a visit to the USA
A delegation from the Young Business Council of the Asharqia Chamber began a visit to the United States of America to get acquainted with the most prominent possible entities and initiatives that support entrepreneurship, in addition to what the funding agencies offer to support youth projects, and highlight the diversity of business production and small and medium enterprises.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the support of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, Honorary Chairman of the Council of Youth Business Continuous for the Chamber's activities and activities and programs of the Council, stressing that the support of His Highness constitutes a major difference and contributes to the Chamber’s continuation to implement its work to the highest standards.
Al-Khaldi said that the Council continues its annual visits program to fulfill its members ’eagerness to benefit from global experiences and transfer it to business youth in the Kingdom in general and the eastern region in particular, as it reviews the best practices and most important experiences in overcoming the challenges facing the young business sector, in line with the goals of the Kingdom's 2030 vision, which reflects The unlimited range of efforts to develop the Saudi society and support its young men and women, both believing in their inevitable role to advance the sustainable development project by providing an opportunity for the economic community, large companies, and businessmen to learn about the products and services of youth projects Young women and support so that our facilities are eligible to compete internally and externally.
For this part, the Chairman of the Youth Business Council Abdullah bin Faisal Al-Buraikan said that the visit aims to focus the work on motivation and inspiration and gain confidence for young men and women to present their ideas and highlight some of their experiences, in addition to the main focus of the idea of the exhibition and the forum, which is to contribute to the promotion of youth products and facilities for the consumer and the investor, which enhances the entrepreneur’s ability Build a sustainable project.
Al-Buraikan indicated that the council intends, during its visit to USA, the participation of Saudi youth, the development of innovative global projects and the transfer of successful experiences that exist in the country that is the most developed in the world and the largest supporter of entrepreneurship, through the visit of the council to possible entities and support funds, with the aim of motivating Saudi youth to enter the leadership Business.
The Foreign Investment Committee discusses the challenges of the sector with the Director of the Foreign Ministry branch in the Eastern Province
05/02/2020
The Foreign Investment Committee discusses the challenges of the sector with the Director of the Foreign Ministry branch in the Eastern Province
The Foreign Investment Committee of the Asharqia Chamber, held by the Board of Directors Saadoun bin Khaled Al-Atish Al-Khaldi, in its fourth meeting which hosted the Director of the Ministry of Foreign Affairs Branch in the Eastern Region, Abdullah bin Muhammad Al-Harbi, at the Chamber's headquarters.
Al-Khaldi said that the meeting held on February 4, 2020, discussed several points, the most prominent of which are: the meeting of ambassadors of foreign countries with investors and the mechanism to stimulate investment and facilitate obtaining foreign visas for the foreign investor and discussed the most important challenges facing the foreign investment sector in the Kingdom.
Al-Khaldi indicated that the meeting reviewed the most important issues pertaining to foreign investment, especially those related to the mechanism of facilitating the issuance of visas and the visit of ambassadors of foreign countries to the Chamber to meet investors with a view to discussing mechanisms to stimulate investment in the Kingdom.
Al-Khalidi said that the Committee is pleased to communicate the business sector to supplement her meetings and initiatives of constructive views, to increase the output of the service sector business topics, especially the foreign investment and its related activities.
The Chairman of Asharqia Chamber: the establishment of cultural bodies enhances the quality of life program and draws a civilized image of an attractive Kingdom
05/02/2020
The Chairman of Asharqia Chamber: the establishment of cultural bodies enhances the quality of life program and draws a civilized image of an attractive Kingdom
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the cabinet’s decision yesterday, Tuesday, February 4, to establish (11) cultural bodies that elevate societal culture and contribute to promoting paths of sustainable economic growth and the expected positive impact in the quality of life program It highlights the Kingdom's cultural standing at the regional and international levels, and is in harmony with the strategy for diversification of national income sources.
Al-Khaldi emphasized that the establishment of such entities and granting them financial independence and legal status makes them able to reorganize this vital sector, and to ensure the quality and effectiveness of its outputs, and to develop it in an optimal way to align with the Kingdom's large and diverse cultural and heritage components, which supports its optimal use of the development strategy The comprehensive pursuit of the state and strengthens the historical position of the Kingdom in the global human conscience.
He explained that the decision supports, on the one hand, the development of the sector and the enhancement of its ability to keep up with the aspirations of the vision and its goals, and on the other hand confirms the extent of awareness and government awareness of the civilizational and economic dimensions of the cultural sector and that is considered one of the expressive sectors civilized, attractive and social, and rich in promising investment opportunities, especially a multidisciplinary sector.
Al-Khaldi pointed out that the cultural sector is one of the cross-sectoral patterns and has its social and economic dimensions. It reveals and stimulates creative and artistic capabilities among all elements of society, and supports the presence of its cultural and cultural components on the regional and global scene and thus contributes directly to attracting and settling global investments, pointing out that the decision confirms the extent of the government's interest in the idea of comprehensive development and optimal utilization of all components of the state, confirming its complete confidence in the Kingdom's ability to implement its goals in diversifying the economic base and its ability to activate and motivate all sectors in the country.
Noting the considerable efforts made by the Minister of Culture of His Highness Prince Badr Bin Abdullah Bin Farhan Al-Saud, who since taking office, he seeks tirelessly for the development of the sector and re-drafted in line with the cultural power of the Kingdom of reservoirs.
The Fund's new strategy focuses on the development and improvement of support programs
05/02/2020
General manager (Hadaf): for businessmen and businesswomen in Asharqia
The Fund's new strategy focuses on the development and improvement of support programs
The Director-General of the Human Resources Development Fund (Hadaf) Turki bin Abdullah Al-Ja’waini stressed that the fund has started to formulate a new strategy that focuses on many development paths, addresses weaknesses in the Fund’s previous programs, and aims at the same time to build more effective programs that meet the actual needs and market requirements Current work.
For this part, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that human capital is one of the most important pillars of reaching the goals of comprehensive and sustainable development, as it is the most important element in the elements of production, as countries ’productivity increases and rises high whenever it is assumed by qualified and trained human elements that are able to interact and integrate between all elements Productivity, and pushing it to achieve the desired aspirations.
Al-Ammar pointed out that the rational government, along its development paths, has paid great attention to the national labor forces and has endeavored to motivate, develop and weigh it with skills and raise its productive efficiency in various fields to be able to bear responsibility, creating mechanisms and programs, launching initiatives, and establishing institutions of all kinds, with the aim of providing Qualified Saudi cadres with knowledge and training, and what is the Human Resources Development Fund (a goal) with its vision and mission that aims to develop the national workforce and raise its competitiveness national action.
Adding: 27 initiatives are derived from the strategy, which is divided into 5 axes: change and communication, redesign of existing programs, new programs, support for legislative bodies, and re-operating of the fund's model.
He emphasized that the fund gave the greatest attention to human capital development, which was manifested in developing the skills and knowledge and professional capabilities of the national forces, based on its vision and mission in enabling, qualifying and training human cadres, to ensure their participation in all sectors and paths of the labor market, and in line with achieving the Kingdom's 2030 vision, That requires concerted efforts and unification of joint action between governmental and private sectors, to enable national competencies and enhance their competitiveness in the market.
Al-Ja’weni answered inquiries and questions from businessmen about the support programs and the capabilities that the fund will provide to private sector enterprises.
At the end of the meeting, the President of the Chamber honored the Director-General of the Fund.
The Prince of Asharqia honors to launch the "Tajseer" initiative in the Asharqia Chamber in the mid-February
05/02/2020
In the presence of His Excellency the Minister of Industry and Mineral Resources
The Prince of Asharqia honors to launch the "Tajseer" initiative in the Asharqia Chamber in the mid-February
Under the patronage and honor of His Royal Highness, Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Region, and in the presence of His Excellency the Minister of Industry and Mineral Resources, Professor Bandar bin Ibrahim Al-Khorayef, the Asharqia Chamber at its headquarters in February 17 will launch its first initiative of its kind in the Kingdom "Tajseer", which aims to promote two-way trade between local factories and each other.
The Chairman, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said that the “Tajseer” initiative comes within the efforts of the Asharqia Chamber in order to achieve the goals of the Vision 2030 by strengthening the role of the private sector in the process of growth and economic development experienced by the country in various sectors and areas, and its efforts to provide new and innovative services that support the business community From industrialists and local suppliers, pointing out that it stems from the importance of finding clear formulas towards consolidating the values of cooperation, participation, and integration between local industrialists, with the cooperative work that is achieved in the ease of exchanging information, products, and services between the factories of each other, which is what The aim is to raise the proportion of local content in the national industry and to fulfill our aspirations for the Kingdom to be the best model in regional industrial integration.
Al-Khaldi pointed out that the industry comes as one of the most important pillars of growth in the current stage, and the state has provided many incentives to support its role in the national economy, and that the initiative accompanies and integrates with what the country offers and plays in order to stimulate the industrial sector, as it aims to encourage the local industry And contribute to achieving positive and effective communication between the pioneers of the industrial sector in the Kingdom, to serve the industrial work system and its needs of multiple products, which reflects positively on local production rates, the expansion of the size of the industrial investment base, and the enhancement of the capabilities of industrial enterprises to be more competitive and more profitable.
For this part, Ibrahim bin Mohammed al-sheik, Board Member and Chairman of the Industry and Energy Committee in the Asharqia Chamber said that industrialization today is a major priority on the agenda of our rational government, and represents a strategic choice for achieving sustainable economic growth and that the “Tajseer” initiative is based on the idea of industrial integration. As the effective tool in spinning the threads of close cooperation and the exchange of information, expertise and products, which achieves excellence in production, and seamless access to local and global markets, stressing that the integration between factories, but leads to the competitiveness of the Saudi industry with high levels of performance and production Of, and the creation of value-added products enhance the industrial process in the country and supports the development of the business sector industrialists and local suppliers.
Saudi Customs gives companies six months to correct the customs data
05/02/2020
In an introductory meeting held in the Asharqia Chamber
Saudi Customs gives companies six months to correct the customs data
The Undersecretary of the Saudi Customs Authority for Revenue Affairs Dr. Mazen bin Abdul Rahman Al-Zamil called on all companies to expedite applying for the Authority’s initiative to self-correct customs data that started from the beginning of January and continue until the end of next June, in order to avoid any penalties that may be issued in the event of non-initiative and the emergence of some irregularities in the payment of fees.
The head of the Logistics Committee of the Asharqia Chamber Rakan bin Abdul Rahman Al-Ataishan opened during the meeting organized by the Asharqia Chamber to introduce the initiative of the Saudi Customs Authority titled (Self-correction of customs data) on Wednesday (January 29/2020), where he stressed the importance of the initiative as he stressed that it includes many advantages and opportunities Importers can correct their customs data, facilitate their business, and enhance their levels of customs commitment, which is aimed at achieving stability and promoting growth, as we target it towards a new start in industry and export to all parts of the world.
Al-Zamil said that the self-correction program is an opportunity presented by the authority that allows importers to correct their customs data according to specific conditions and procedures, and importers apply through this initiative voluntarily to request the correction of customs data, and the payment of customs duties or taxes that were not previously met, for any reason such as The inaccuracy of the information provided in the customs data related to the distinctive elements of the goods (value, origin, type), or the presence of events subsequent to the date of organizing the customs data that have not been reported to the General Customs Authority.
He pointed out that in the event that a request for self-correction is made within the conditions and the specified time, the due fees can be paid in full, or in installments according to the state's revenue system, and the owner of the relationship will be away from any penalties, but if the owner of the company does not submit this request, he will not get this The incentive, especially since the authority uses all available tools and systems that help it to discover errors and manipulation of customs data, therefore there is a high possibility that the authority will discover these errors and issue notification checks on the data.
Al-Zamil added that the goal of the self-correction program is to enhance the principles of transparency, trust, and participation with the business sector and investors, to provide conditions that improve and enhance the level of customs commitment, and to facilitate the practice of businesses of companies and importers in a manner that enhances the achievement of stability and economic growth.
He mentioned that the required voluntary progress is available from the beginning of the current year 2020 and continues for a period of 6 months until the end of next June, as it is an opportunity for the owners of companies to correct customs data, especially that there were some mistakes that may have financial implications that threaten the stability of the financial position of the companies subject to auditing. He pointed out that the common mistakes in the customs data are numerous, including attaching commercial invoices to the customs data bearing a low value, and not declaring to the authority the value of some of the elements that must collect customs duties and taxes such as shipping freight and freight insurance, among others.
He pointed out that the penalties of the system differ according to the customs system according to the different acts committed. If, for example, smuggled goods are goods subject to high taxes and customs duties, the penalty is a fine not less than twice the tax and fees due, and not more than twice the goods and imprisonment for a period of not less than a month and It is more than a year or one of these two penalties. As for if the smuggled goods are tax-exempt, the penalty is not less than 10% of the value of the goods in addition to imprisonment not less than a month and not more than a year.
Asharqia Chamber organizes a job meeting for national medical companies
29/01/2020
Asharqia Chamber organizes a job meeting for national medical companies
Asharqia Chamber, represented by the Employment Center, organized a job meeting for job seekers intended for men on Wednesday, January 29, 2020, for the benefit of major national companies operating in the health sector, which was hosted by the Chamber's headquarters.
The meeting welcomed job seekers from 8.30 a.m. to 12 noon, as it witnessed a remarkable turnout from holders of high school, diplomas, bachelor's and medical and health specialties.
HR and recruitment officials at the Public Security Forces Hospital, the Ultimate Care Company for Medical Services, the Fajr Dammam Medical Group, the Burj Al Shifa Medical Complex, the NMC Hospital Medical Safety and the Canadian Medical Center received applicants from job seekers according to the required qualifications where job meetings were held that identified the tasks and provided the appropriate offers.
Asharqia Chamber holds job meetings as part of its efforts to support the private sector with qualified national cadres and competencies, as these meetings provide a number of jobs with multiple options in front of job seekers of both sexes.
The Chairman of the Asharqia Chamber: The Kingdom is moving very quickly towards completing its set of sustainable growth visions
28/01/2020
The Chairman of the Asharqia Chamber: The Kingdom is moving very quickly towards completing its set of sustainable growth visions
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, stressed that the Kingdom is progressing very quickly towards completing its projections for sustainable growth, and that it is achieving qualitative leaps in various pillars of its growth, commended by all international institutions, noting the Kingdom's progress in the report of the Perceptions Index Corruption "CPI" for the year 2019, issued by Transparency International late this month, and what was presented by the report of the United Nations Organization for Trade and Development "UNCTAD", of positive expectations regarding the economic growth of the Kingdom during the year 2020.
Al-Khaldi said that the great recovery in growth approved by the economic reality and approved by international institutions, but to the reform efforts undertaken by our rational government led by Sidi the Custodian of the Two Holy Mosques and his Crown Prince, the main role in creating them, and it confirms the effectiveness and safety of the approved vision of 2030 AD of flexible paths and plans It has the ability to cope with internal and external developments.
Al-Khaldi said that over the past few years, the Kingdom has made great progress in various areas of growth. In foreign investment and its job creation, it was the largest recipient of foreign direct investment among 13 countries in the West Asia region, and the tourism sector, which witnessed a number of structural reforms, And he became qualified to take a greater role in the national economy system, and other sectors, whether traditional or new, all of which are in the process of accelerating growth for positive contribution to the national economy, which requires us all as a business sector to continue giving and increase our contributions to the gross domestic product. , Despite your quarterly growth rate of achieving the sector reached 4.22% during the third quarter of 2019 m, there is still a long way to reach the targets of our vision, which is not only more positive engagement with Taktoh country and witnessed the integrated and balanced in various sectors of growth.
Asharqia Chamber is organizing a training course on reducing hidden costs of restaurants
28/01/2020
It will be held during the current three days:
Asharqia Chamber is organizing a training course on reducing hidden costs of restaurants
Asharqia Chamber is organizing during the current three days (Monday to Wednesday, 27-29 January 2020) a training course entitled (The Economic Dieting to Reduce Costs in the Restaurant and Café Sector), dealing with many topics related to rationalizing consumption, while maintaining quality in this sector.
The course, which will be held during the evening period (from 4:00 pm - 8:00 pm), will be presented by a consultant in the restaurant and cafes sector, Thaer Abdullah Al-Asir, as he will address a number of proposals on cost control such as operating and inventory costs, customer service and hospitality costs, employee management, and costs The hidden aspects of the accounting and marketing departments, in addition to the accurate financial standards and the benefits that the investor reaps from applying these standards.
The session, which is held at the Chamber’s headquarters in Dammam, is trying to answer many questions such as: “Are you tired of managing your project without a rewarding financial return? Do you have attractive sales but the bank’s balances are almost hidden? Are you tired of controlling the daily and operating costs but to no avail?
Specialist: Entrepreneurship is an opportunity to support economic growth
23/01/2020
In a lecture at the headquarters of the Asharqia Chamber of Qatif:
Specialist: Entrepreneurship is an opportunity to support economic growth
How to be a successful entrepreneur? That is the title of the lecture organized by the Eastern Chamber represented by the Center for Small and Medium Enterprises Development on the evening of (Wednesday, January 22/2020) at the Chamber's branch headquarters in Qatif Governorate, amid a distinguished presence of pioneers and entrepreneurs, and the lecture turned into a dialogue session on the term "entrepreneurship", The meaning of this word, its effects, results, and ingredients.
The lecturer and entrepreneur Muhammad Kahl raised a number of questions, which were discussed around, including that he said: How do we transform our projects into pilot projects? That is, how the projects become distinctive, continuing to succeed, based on that leadership is making the project beneficial to all, and away from repetition .. Adding that the problem in some projects is it is repeated, and it is strange that some projects operate in densely populated areas such as Dammam, Khobar, and Qatif and then fail, which means that the bug in the project itself.
He emphasized that achieving leadership starts from investing in people, and then switching from a traditional "repeating" project to a distinct project, and this comes only from some additions to the projects, if any cafe was converted to a study and study site, or kindergarten turned into a site for healthy food and healthy behavior, then the project is pioneering, for leadership is creativity, excellence and avoiding repetition.
The dialogue then moved on to the issue that entrepreneurial ideas exist, but implementation does not begin, and if it starts does not take place properly, and the lecturer confirmed - and with the support of the attendees - that there is a need for pioneering projects in place, and what is required is investment and starting projects, and until this is done on us Strengthening societal partnerships. Noting the importance of increasing the number of joint-stock companies in the eastern region, it is a better option than individual projects, because partnership means sharing profits and losses alike, so the damages are less.
Accordingly, the lecturer explained that there are basic rules for success, which should be directed to them, including proper marketing, and taking advantage of the high incidence of demand for goods, noting that the entrepreneur aspiring to success should enjoy self-confidence, not fear of failure, and take responsibility with patience and skin .. pointing To the most prominent characteristics of entrepreneurs is to prepare for challenges, commitment and flexibility, because it has a clear plan, and its decisions are also clear, as well as having the ability to manage time.
In the field, he mentioned that the foundations of success in entrepreneurship depend on the ability to manage individuals, rely on them and delegate them, and attract distinct elements even if they are more distinct than the owner of the project considering that entrepreneurship is an opportunity to contribute to community service and encourage salt manufacturing and create more products and services and support economic growth.
An Afghan trade delegation reviews investment opportunities in renewable energy activities
22/01/2020
An Afghan trade delegation reviews investment opportunities in renewable energy activities
Eng. Najeeb bin Abdullah Al-Saihati, a member of the board of directors of the Asharqia Chamber of Commerce, stressed the depth of Saudi-Afghan relations, and the two countries' keenness to enhance bilateral relations by holding partnerships in several fields, including trade and economic relations.
Al-Saihati said during a meeting held by the Chamber to the Afghan trade delegation that specializes in renewable energy activities and chaired by the Ambassador of the Islamic Republic of Afghanistan in the Kingdom, Mr. Jalal Karim, on Wednesday, January 22, 2020, that the energy sector has become very prominent, especially with the Kingdom's transition to investing in energy fields, according to its vision 2030.
During the meeting, which was moderated by the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabil, and attended by the commercial attache at the embassy, Riad Sadat, and the President of the National Electricity Company in Afghanistan, Amanullah Ghalib, the Al-Saihati called on the Afghan companies to explore investment opportunities in the Kingdom and to establish partnerships with Saudi businessmen to benefit from this field. In both countries, pointing to a number of investment opportunities in the Kingdom supported by a package of facilities provided by Saudi Arabia to foreign investors.
Al-Saihati pointed out that Saudi Arabia, with its 2030 vision, focused heavily on developing renewable energy. He said that the Kingdom has set a target to generate 58.7 gigawatts of electricity from renewable energy sources by the year 2030.
For his part, Afghan Ambassador Syed Jalal Karim said that the meeting discussed that Afghanistan is seeking to hold investments aimed at developing the energy sector, especially renewable energy. He called on Saudi companies to work to explore investment opportunities in other economic sectors in Afghanistan, including projects to develop agriculture and infrastructure
Karim said that Afghanistan recently unveiled an ambitious plan to generate a total of 2214 megawatts of electricity from renewable sources, including 2,000 megawatts from solar energy, 160 megawatts from wind and 54 megawatts from biomass. He pointed out that Afghanistan has the capacity to produce more than 222,000 megawatts of electricity using solar panels, where the average annual solar sunbathing ranges from 4 to 6.5 kilowatts / m2 / day, with more than 300 days of sunlight per year. The country also has the potential to produce more than 66,000 megawatts of electricity by installing and using wind turbines.
Asharqia Chamber organizes a workshop dealing with investment opportunities in private and foreign education
22/01/2020
Asharqia Chamber organizes a workshop dealing with investment opportunities in private and foreign education
Asharqia Chamber of Commerce, in cooperation with the Council of Saudi Chambers, the Building Development Company (TBC) and the National Privatization Center, is organizing a specialized workshop dealing with investment opportunities for the private and foreign education sector, investors and interested parties, to be hosted by the Chamber’s headquarters next Monday, January 27, 2020.
The workshop, which is held at 10 am, aims to discuss and discuss projects implementing the paths of the initiative to enhance partnership with the private sector to develop educational buildings and work to implement initiatives that contribute to providing a safe, high-quality and advanced educational environment, drawing inspiration from new ideas that are reflected in the development of education In the future, and knowing the best ways to employ technology and innovation in the service of the educational process in a way that enhances the innovative and creative characteristic of the buildings development company’s projects in the educational sector in the Kingdom.
Asharqia Chamber and SABIC implement the second version of the Industrial Investor Qualification Program (Nesna)
22/01/2020
After the success of the first version last year
Asharqia Chamber and SABIC implement the second version of the Industrial Investor Qualification Program (Nesna)
Asharqia Chamber, in partnership with the Saudi Basic Industries Corporation (SABIC), is implementing the second version of the Professional Certificate Project for Industrial Investor Qualification (Nesna), which started last Sunday (January 19, 2020) and continues until Wednesday, the eighth of next April, with the participation of a number of experts and specialists in the fields of qualifying young investors to work in the industrial field.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the program - which is being implemented for the second time - aims to help young investors in establishing their small and medium industrial projects through a package of training programs ending with the establishment of factories for the graduates of the program, within the framework of the orientation of the Eastern Chamber and SABIC to support small enterprises And the medium on the one hand, and support industrial activity on the other, and within the framework of the Kingdom's 2030 vision supporting these two options specifically.
Al-Khaldi added that the program, which lasts over 11 weeks by 3 days per week and a number of training hours, has been launched in its first stage, as the admitted to the program are subject to training hours by professional training staff who are competent, who are qualified and experienced in the implementation of training programs and who have Sufficient experience based on the industrial investment environment in the Kingdom, and they possess the ability and capabilities to follow up on the program graduates and provide them with the necessary advice and guidance to achieve the required success in implementing projects efficiently and competently.
Al-Khaldi stated that during the first phase of the program (Sunday, January 19, 2020, to Wednesday, March 13, 2020), during the first week he provides basic information on a topic that is very important, related to the issue of preparing the economic feasibility study (the theoretical side), through the trainer Muhammad Al-Owaid In the hope that the program will continue in the second week (26 to 28 January 2020), to address the financial aspects of the industrial project, through the trainer Zaid El-Yaish, while the program will address in the third week (2-4 February 2020), the legal procedures related to industrial licenses and not So, where is speaking on this side coach Abeed AlObied.
As for the fourth week, from this stage (February 9-11, 2020), the entrepreneurial skills and their applications in the industrial world, including creativity tools and environmental sustainability, will be highlighted, and trainer Dr. Nabil Shalaby, before the trainees entered the practical side in preparing the economic feasibility study, in the fifth week (February 16-18, 2020) through the trainer, Muhammad Al-Owaid.
In the sixth week (23-25 February 2020), coach Abdullah Al-Dweish talks about project management Mini PMP, and then the coach continues himself in the seventh week (1-3 March 2020) to talk about promotional offers,
The program concludes its first phase, or the eighth week (March 8-10, 2020), by talking about a number of important topics which are "human resources management, the procurement system, the Saudi numbering system for small industries", and talks about these topics trained "Ali Al Eid and Abbas Barnawi, And Al-Otaibi, "in preparation for the start of the second phase, which will take place during the period (Sunday, March 24, 2020 AD to Tuesday, April 12, 2020)
The program provides during the ninth week (22-24 March 2020) basic information about the plastics and plastic industries, metal industries, and so on, with the participation of coaches Abdullah Al-Sane and Dr. Nabil Shalaby, the program will complete its paragraphs in the tenth week (28-31 March 2020) Speaking of the power of innovation presented by Dr. Wajih Maghribia, this will be followed by a visit to a number of SABIC factories, provided that in the eleventh week during the period (5-8 April 2020) a talk about the work plan with the trainer Mohamed Al-Owayed will be concluded, to conclude the program on Wednesday 12 April 2020 with a ceremony graduation and certification for the trainees.
In this regard, the Chairman of the Asharqia Chamber stressed that in an effort by the Chamber and SABIC to spread the culture of self-employment, this program was designed, and we look through it to attract young people with the ability and competence to establish small and medium factories in an organized and professional manner, as the program provides them with the technical and administrative skills and the necessary information, as it covers The program has administrative, marketing, financial and legal aspects, and a feasibility study, and each participant who meets the conditions gets a certificate to pass the training period, qualifies him to undertake an industrial project, and gets direct support from the "Support" program at SABIC to build his own factory.
Al-Khaldi expressed his thanks to the Saudi Basic Industries Corporation (SABIC) for its keenness to qualify the national industrial investor, which corresponds to its great concern for the quality of the national industrial product and the confirmation of its presence in the local and international markets.
Asharqia Chamber organizes a public lecture on the foundations of the success of entrepreneurs on Wednesday
20/01/2020
Asharqia Chamber organizes a public lecture on the foundations of the success of entrepreneurs on Wednesday
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, will organize a lecture titled "How to Become a Successful Entrepreneur", presented by the lecturer and entrepreneur Mohamed Kahl, on Wednesday evening (22 / January / 2020).
The lecture, which is held at the Chamber's branch headquarters in Qatif Governorate, deals with a number of axes presented by the lecturer: "the characteristics of successful entrepreneurs, the foundations of success in the field of entrepreneurship, and the basic steps for entrepreneurs at the beginning of their projects."
The lecturer - who is the founder of a number of small and medium projects - speaks a number of examples and evidence, as well as advice to entrepreneurs and those intending to enter this field, to ensure success and not to falter.
This lecture comes within the efforts of the Asharqia Chamber in supporting self-employment, encouraging entrepreneurs, taking their hand to reach safety, and achieving added value to the national economy.
Tuesday's meeting in the Asharqia Chamber reviews the business sector partnership in the charitable sector
15/01/2020
Tuesday's meeting in the Asharqia Chamber reviews the business sector partnership in the charitable sector
Tuesday’s monthly meeting of businessmen and women in the Asharqia Chamber affirmed the keenness of the business sector in the region to provide support to the charitable sector, including the institutions and associations concerned with providing content, activities and responsible programs to all members of society.
The meeting, which was held on Tuesday evening, January 14, 2020, at the headquarters of the Chamber, attended by the Chairman of the Board of Directors of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, Director of the Waa’i Association Branch in the Eastern Region, Saleh bin Abdullah Al-Saleem, and a member of the Board of Directors of the Al-Baraka Charitable Society Eng. Nasser bin Jubran Al-Shahrani, where they spoke on the most prominent programs offered by the two societies and the participation of the business sector in supporting these programs with development ideas and initiatives that help them implement their activities and continue their work.
Al-Saleem explained during the meeting, which was attended by Eng. Najeeb bin Abdullah Al-Saihati, a member of the Chamber’s Board of Directors and managed by the Secretary-General Abdul Rahman bin Abdullah Al-Wabel, that the association's fields of work are numerous and specialize in voluntary awareness and financial, family, technical, national and health awareness, noting that the association offers a large package of programs, most notably personal Balanced Training and Qualification, IOT App Awareness Program, Marketing Platforms for Technical Skills (E-Commerce), Small Trader and Mubadar Youth Club, Traffic Safety, School Safety Program (I am safe) in addition to other programs.
For this part, Al-Shahrani explained that Al-Baraka Association provides through its mission charitable social services in accordance with the best institutional practices, pointing out that the association aims to qualify beneficiaries for a better life and closer cooperation with all governmental, charitable and private sectors in a way that serves the association’s mission, and also develop financial resources to achieve financing self-Assembly and family reform and to address social problems and reduce its impact, and to provide cash and in-kind assistance and advisory beneficiaries.
On the association’s programs, Al-Shahrani said that a number of programs are offered by the association, including charity, the garment, the bag, the school uniform, the basket, the family reform, the relief of distress, the care of families, and the watering of the blessing.
In conclusion, the Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, honored the guests of the meeting, the director of the conscious branch of the Association in the Eastern Region, Saleh bin Abdullah Al-Saleem, and a member of the Board of Directors of the Al-Baraka Charitable Society, Eng. Nasser bin Jubran Al-Shahrani, with two commemorative shields.
Workshop: Developing a work environment that helps people with disabilities perform their work efficiently
15/01/2020
Workshop: Developing a work environment that helps people with disabilities perform their work efficiently
The workshop organized by the Eastern Chamber in cooperation with the Ministry of Labor and Social Development, on the morning of Tuesday, January 14, 2020, entitled "How to provide a suitable work environment for people with disabilities", talked about how to integrate persons with disabilities into the labor market through a matching program.
The workshop held at the Chamber’s headquarters explained that the process of integrating people with disabilities does not end with the simple provision of jobs, but rather extends to developing a supportive work environment that helps them to perform their duties as it should, and to enhance the awareness of enterprises and workers about how to deal, cooperate and support them to integrate them into the work environment more effectively and efficiency.
The workshop defined the harmonization program as one of the programs offered by the Ministry of Labor and Social Development (optional), which aims to participate in the private sector by creating work environments for persons with disabilities, increasing enterprise awareness of the benefits of working for persons with disabilities, and providing the best way for enterprises to equip suitable working environments to them, which contribute to increasing opportunities and providing support to their businesses.
The program offers a matching certificate that can be obtained through progress through the website of the Ministry.
Asharqia Chamber and "Labor" reviews the suitable work environment for people with disabilities
13/01/2020
Asharqia Chamber and "Labor" reviews the suitable work environment for people with disabilities
Asharqia Chamber, in cooperation with the Ministry of Labor and Social Development, is organizing a workshop entitled "How to provide a suitable work environment for people with disabilities", to be held by the headquarters on Tuesday, January 14, 2020.
The workshop, which is held at 11 am, aims to introduce the program of harmonization and how to provide a work environment suitable for people with disabilities in accordance with specific criteria, as it talks about the advantages of the program and the target groups of it.
The workshop reviews several axes, the most prominent of which are: making full use of the wasted skills and capabilities of persons with disabilities, providing best practices and practices for enterprises on how to equip working environments suitable for people with disabilities, making the process standard and measurable by applying approved standards and performing the field audit of conformity.
The lecture will be held within the programs of the Asharqia Chamber of Employment Center to brief the private sector establishments on everything new in the field of employment and the new systems of the Ministry of Labor.
Asharqia Chamber offers free consultations for small projects in its branch in Jubail
13/01/2020
Asharqia Chamber offers free consultations for small projects in its branch in Jubail
Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, on Wednesday (15 / January / 2020), organizes the sessions of the specialized consultancy program for the owners of small and medium enterprises, in its branch in Jubail Industrial City (Al Fanateer).
The beneficiaries of the program will meet a number of specialists in the field of business, providing them with advice, guidance, and proposals for appropriate solutions to the obstacles and challenges facing owners of small and medium enterprises in various fields such as marketing, management, and finance.
The program targets those wishing to start their projects and the owners of small and medium projects, as well as those interested in this regard, as the Chamber's staff participating within this program provides advice, guidance, to develop their businesses and projects.
It is mentioned that this program is implemented by the Chamber represented by the Center for free throughout the year through its three branches in Jubail, Al Khafji and Qatif.
Asharqia Chamber participates in the activities of the Spring of Al-Nairiya 19
06/01/2020
Asharqia Chamber participates in the activities of the Spring of Al-Nairiya 19
Asharqia Chamber, represented by the Center of Social Responsibility, participates in the activities of the Spring of Al-Nu'airiya Festival 19 by implementing a number of educational and educational evenings.
The Chamber offers the first two evenings, entitled: How to prepare a family budget professionally, to be held at 7:30 pm on Wednesday, January 8, 2020, where four themes are discussed: the benefits of preparing the budget, methods of preparing the family budget, ways to support the budget, and advice when preparing the budget.
As for the second, it will be held on Thursday, January 9, 2020, with the title: Saving and saving (evening period), and it will review the themes: definition of savings, the difference between saving and saving, ways of saving inside the house, and ways of saving outside the home.
Participation aims to present topics aimed at promoting behavioral culture in a number of life topics that the individual and society must pay attention to, including the topic of saving, which is one of the most important reasons for societies awareness and prosperity and promotes the economy of the individual and society, where the absence of good planning and the future view of saving causes loss The family for many, as it exposes them to long-term financial crises, due to poor planning that makes the family and the individual prey to unnecessary things and is not essential to daily life.
The evenings discuss several topics, including the financial resource as the sum of the money that enters the family, whether from one source or different sources, and the financial income is an important part of the family's total income, and therefore it receives great attention among its members, and this interest is often limited to how the money is distributed On the various disbursement chapters in what is called budgeting or planning for money, this step is considered a stage that must be followed by the rest of the stages of implementation, monitoring and evaluation in order to manage the financial income in a manner that achieves the maximum possible satisfaction of the desires and requirements of the family.
The aim of financial regulation to the family: the numbers of the family budget, financial planning, and reduce flexible expenses, debt management, and identify sources of financial income, and investment.
The participation of the Asharqia Chamber in the festival comes within the framework of its social responsibility, which reflects its continuous efforts and endeavors to support social programs and the development and development of the social role in the eastern region, through integration with all official and private entities.
Asharqia Chamber and SABIC conduct personal interviews for the "Nasna" program
06/01/2020
Asharqia Chamber and SABIC conduct personal interviews for the "Nasna" program
Asharqia Chamber, in partnership with the Saudi Basic Industries Corporation (SABIC), held on Sunday and Monday (5 and 6 January 2020) direct meetings with applicants to join the "Nesnaa" program, which aims to help young investors in establishing their small and medium-sized industrial projects, at the headquarters of the Chamber in Dammam.
The committee concerned with these interviews focused on a number of criteria, the most prominent of which are: possessing the characteristics of a successful entrepreneur, scientific or professional knowledge in the field, practical experience in the field, the strategic goals of the project, and the project's impact on the economy from several sides, including localization of products, export opportunities, and meeting market needs And what it involves in terms of creativity and innovation, in addition to the compatibility of the project with the directions of the Kingdom's 2030 vision.
The program comes within the efforts of the Asharqia Chamber and SABIC to support the young business sector, with the aim of helping young investors establish their small and medium-sized industrial projects through a package of training programs ending with the establishment of factories for program graduates, and those admitted during the training period are subject to 200 training hours, by professional training staff Of those with competence, qualified and experienced to implement professional training programs, and experts in the industrial investment environment in the Kingdom, and have the ability and capabilities to follow up on the program graduates and provide them with the necessary advice and advice after the beginning of the project and during the course of Work suit.
The program provides multiple services during its convening, during which it reviews the establishment and financing services, and at the end of the program, the trainee is granted a professional certificate to qualify the industrial investor and is among those who are eligible to receive support from the "Support" program at SABIC to build his own factory.
The Chamber had held, within the plans of introducing the program, several introductory lectures targeting those wishing to start their industrial projects to provide them with the services provided by the program, explaining the participation mechanism and the main axes of the program such as types of accounting and accounting records, the balance of audit and the accounts manual in small enterprises, financial indicators to measure the profitability of projects and the classification of assets Preparing financial statements, in addition to legal aspects, licensing and drafting procedures, purchasing and marketing systems, sales, and human resources.
The conditions apply for registration in the program that the applicant Saudi nationality and hold a high school diploma as a minimum, and the priority of the disciplines of engineering, and has a serious desire to set up an industrial project and commitment to its management and full-time for him, as required to be those who have an idea and a plan for the industrial project viable and capable of providing new job opportunities.
It is worth noting that the Chamber, in an effort to spread the culture of self-employment, designed this program with the aim of qualifying young people who want to work in the industrial field, targeting a number of young people who have the ability and competence to establish small and medium factories in an organized and professional manner. The program also provides them with technical and administrative skills and the necessary information and covers Administrative, marketing, financial and legal aspects, and the feasibility study, and each participant who meets the conditions gets a certificate to pass the training period.
Asharqia Chamber renews the validity of its approved quality certificates
31/12/2019
Asharqia Chamber renews the validity of its approved quality certificates
Asharqia Chamber renewed the validity of all certificates of quality systems approved by them, namely: Customer Complaint Certificate (ISO 2014: 10002), Quality Management System Certificate (ISO 9001: 2015), Information Security Management System Certificate (ISO 27001: 2013), and Business Continuity Certificate (ISO2012: 22301).
The Chamber was able to complete all the requirements to ensure the continuing validity of certificates at the level of all its departments, branches and service centers, in terms of providing all the necessary requirements and training human cadres.
The Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabil, said that the Chamber has endeavored and continues to apply quality systems in its administrative work, activities, and activities, which enabled it to obtain these certificates and to grant them the authority to renew them as well, appreciating the efforts made by the executive body in the Chamber.
Al-Wabel added that the Chamber during the past year carried out a group of activities related to the issue of quality directly, as it cooperated with government agencies concerned with quality, and implemented various programs with a high professional quality that matched international specifications and standards, in this field, and also carried out the experience of running the main business of the Chamber from its branch in Jubail Governorate For a full day, in compliance with the requirements of the Business Continuity System (ISO 2012: 22301), it also implemented a questionnaire to measure the satisfaction of its subscribers with the services provided by the Chamber to them, in addition to the hypothetical evacuation experiences.
The Women's Employment Forum receives 1,000 job seekers from the Asharqia Chamber
31/12/2019
Contract in partnership with "Nossand"
The Women's Employment Forum receives 1,000 job seekers from the Asharqia Chamber
Asharqia Chamber, in cooperation with the SABIC Initiative to Enable Vision 2030 (Nossand), organized the Women's Employment Forum in the private sector, which was hosted by the Chamber’s headquarters on Tuesday morning, December 31, 2019.
The forum, which was held from 8 in the morning until 2 in the afternoon, received more than 1,000 female job seekers, where human resources and employment officials in 21 companies who received high school diplomas, diplomas, and bachelors in engineering, administrative, educational, nursing, technical, and sales fields received.
The forum contract comes from the agreement "Supporting the recruitment and rehabilitation of national talents" between the Asharqia Chamber and "Nonssand," which contributes to raising the rates of resettlement of women jobs in the labor market, which is in line with the goals and strategies of the Asharqia Chamber and the initiative (Nansand) in promoting Emiratization, in line with the goals of the Kingdom's vision 2030.
The Real Estate Committee reviews housing products for social security beneficiaries
31/12/2019
The Real Estate Committee reviews housing products for social security beneficiaries
As part of the activities of the Real Estate and Urban Development Committee, Asharqia Chamber organized in cooperation with the Ministry of Housing - Development Housing Agency a meeting to introduce development housing projects and products, which was hosted by the headquarters Monday, December 30, 2019.
The Chairman of the Committee, who chaired the meeting, Engineer Hamid bin Hamri said that the meeting explained the idea of providing housing units based on the principle of usufruct, which contributes to improving the standard of living for the beneficiary among the most needy registered in the social security program. He also reviewed the paths of providing housing products and sales projects on the map, And a construction platform, and the purchase of prefabricated units, in addition to the purchase of developed lands.
Specialist: The Kingdom, since its inception, issued several regulations that regulate endowment work
27/12/2019
Specialist: The Kingdom, since its inception, issued several regulations that regulate endowment work
The Asharqia Chamber, represented by the Awqaf Committee, organized the first meeting of the Endowment Diwaniya series, "The Fourth Session", entitled: Practical Experiences in the Structure and Governance of Endowment Investments, which was hosted by Wednesday evening, December 25, 2019, the main headquarters of the Chamber.
Dr. Ziyad bin Othman Al-Hogail, former CEO of the Sulaiman bin Abdulaziz Al-Rajhi Endowment Company, in the presence of a member of the Chamber’s Board of Directors and Vice-Chairman of the Endowments Committee Hamad bin Hamoud Al-Hammad and Dr. Ayed bin Farhan Al-Qahtani, Chairman of the Committee, said that the endowment governance has witnessed an evolution in its management structures, especially in property systems and structures, Types of institutions, companies, and corporate status.
Al-Hugail indicated that the past Islamic ages presented many initiatives that contributed to the development of endowments and their governance, and included management, follow-up, and accountability, in addition to records of preserving rights and protecting those entitled, as it was characterized by accuracy, organization, clarity, and integrity. In effect so far, including organizing the maintenance of restrictions, formulas and methods of accounting, the construction and construction of buildings on charitable and annexed lands, how to collect endowment imports, and also organizing the spending process on various charitable aspects.
On the sound governance of the endowment, Al-Hugail said that this works to preserve the rights of stakeholders, and supports disclosure and transparency, and the availability of internal control, and the existence of an effective frame of reference for governance. In conclusion, the Chamber's Board Member and Vice-Chairman of the Endowments Committee, Hamad bin Hamoud Al-Hammad, honored the guest of the meeting, Dr. Ziyad bin Othman Al-Hogail, former CEO of Sulaiman bin Abdulaziz Al-Rajhi Endowments Holding Company, with a commemorative shield
Governance Adviser: Layoffs of departments and councils are more rewarding than layoffs
27/12/2019
In a workshop in the Asharqia Chamber
Governance Adviser: Layoffs of departments and councils are more rewarding than layoffs.
The administrative and financial consultant and member of the boards and auditing committees of many listed and closed companies, Dr. Jassim Shahin Al-Rumaihi, stressed the importance of the CEO in implementing governance, describing it as the company's machinery and its main engine, noting that the demobilization of departments and boards that did not achieve success is more feasible than layoffs Small employees, getting rid of these departments and councils reduces costs and pumps new, uncorrupted blood in companies, indicating that the basic joint activities of the concept of governance revolve between policies, legislation, organizational structures, control systems and the formation of the Board of Directors.
This came during the workshop organized by the Asharqia Chamber, yesterday, Thursday, December 26, 2019, with the aim of providing advice to its business owners on the main dimensions included in the governance system and the frameworks and tools needed to follow its procedures, in what the governance represents from a primary source to enhance competitiveness and achieve growth and sustainability across generations.
Al-Rumaihi reviewed the factors affecting the mechanisms of the governance system, starting from the legal framework of the company, the industry to which the company belongs, and passing through the current financial position of the company and the impact of the future economy, and ending with the relationship between the companies with the holding company and the prevailing culture, noting that there are four reasons behind the current controversy On governance and the importance of adhering to its provisions, namely: mismanagement, the increasing influence of the public, globalization of capital markets, and developments in information technology.
Al-Rumaihi said that governance is the rules for leading the company and directing it, and it includes mechanisms to regulate the various relationships between the board of directors, executives, shareholders, and stakeholders, by setting special rules and procedures to facilitate the decision-making process and give the character of transparency and credibility with a view to protecting the rights of shareholders and stakeholders and achieving justice, competitiveness and transparency in the market and business environment.
Al-Rumaihi explained that corporate governance or corporate governance is a system that directs and controls the companies ’actions by describing and clarifying rights and duties between the various parties in the companies, whether the board of directors, shareholders, dealers or employees, as well as setting the rules and procedures for making decisions related to the management of the company, as well as setting the goals and means available to achieve the goals of the company and monitor its performance, and finally rely on institutional work by setting up self-management, direction and control systems.
The High Authority for Industrial Security presents new amendments to import chemicals
27/12/2019
in a specialized workshop held in the Asharqia Chamber:
The High Authority for Industrial Security presents new amendments to import chemicals
A senior official of the Supreme Authority for Industrial Security (affiliated with the Ministry of Interior) stated that there are challenges facing the authority in the area of chemical import and import, despite all the new measures taken by the authority on the articles of the executive regulations for importing chemicals, which were stipulated by clear ministerial decisions aimed at facilitating and updating.
Captain Abdulaziz bin Ateeq Al-Omari (Supervisor of the Employment Department in the Central Security Licensing Unit in the authority) said that the most prominent of these challenges is the lack of familiarity with some importers with a few articles of the regulations, which leads to their failure to apply some conditions such as failure to inform the existing civil defense centers of the ports of shipment arrival, as well as lack of compliance In the warehouses mentioned in the civil defense license attached to the import permit, which confirms the need for some importers to have sufficient knowledge of the regulations to understand their requirements, through a number of workshops in this regard.
Captain Al-Omari added - during a workshop held at the Asharqia Chamber yesterday, Thursday 26 / December / 2019 and moderated by the head of the Chamber's trade committee, Hani Al-Afaliq and participated in submitting the offer from the Supreme Commission Senior Lieutenant Engineer Aws Ali Ali - that many importers - unfortunately - are late in completing the papers Required in their transactions for very long periods of months, which makes some transactions fall under the category of cancellation.
He mentioned that the list has been subjected during the recent period to a comprehensive technical study, which resulted in a number of radical amendments to its materials, including the "duration of the peer treatment". 5 AH Amending the Chemical Regulations to include the extension of the permit for permission from three months to six months, then Ministerial Decree No. 26 of 13/11/1440 AH was issued, so that the duration of the permission for permission is complete for a full year.
He added that among the amendments that were made to the bylaw, and according to the decision of His Highness the Minister of the Interior, dealt with the position of the warehouse keeper, as he was, earlier, conditional on being a Saudi national, and holding a bachelor’s degree in the field of chemistry, pharmacy or pharmacy technician, as assignment On the requirement of a university degree, and being satisfied with obtaining no less than high school, with a number of courses in dealing with hazardous materials, not less than six months and that he has a certain experience in dealing with chemicals and methods of storing them,
He pointed out that, according to the amendments, all entities licensed for chemical warehouses are allowed to clear, which are: (The High Authority for Industrial Security, Civil Defense, Special Business Zones such as the Royal Commission, the Industrial Cities Authority and Technology Zones), to carry out field monitoring of the beneficiaries ’warehouses through periodic visits. According to the permits issued by it.
Within the framework of his presentation of the amendments, he mentioned that the concentration of safe proportions of the chemicals that are used in the installation of explosives has been determined, and their number in the first list of materials has been reduced from 131 substances to (35 substances), after focusing on the dangerous materials and not others, as well as determining the concentration of safe proportions Chemicals What organizes the process of auditing the import of dangerous chemicals and making them specific to specific percentages, explaining that the executive regulations have monitored 9 lists, each list belongs to a concerned party, and what concerns the Authority is the most dangerous materials only.
On the expected effects of the ministerial decisions to amend the regulations, Captain Al-Omari stated that the list of chemicals is subject to periodic evaluation and review, as a number of technical committees were formed to update lists of restricted chemicals periodically, as well as facilitating procedures that include extending the period of clearance that would facilitate many of Procedures for importers, so if the clearance period takes three days, we strive to shorten it to one day.
He pointed out that the authority is in the process of automating the import of chemicals and starting receiving scans electronically, and one of the most prominent outputs of this step is one of the most prominent outputs of this decision is to accelerate the clearance process to become within 24 hours, instead of 3 days at the present time.
Asharqia Chamber and the Awqaf Authority sign a memorandum of cooperation to develop the endowment sector and activate the investment side therein
27/12/2019
Asharqia Chamber and the Awqaf Authority sign a memorandum of cooperation to develop the endowment sector and activate the investment side therein
The Governor of the General Authority of Endowments, Imad bin Saleh Al-Kharashi, stressed the necessity of integration between the various sectors for the benefit of society, especially since the non-profit sector is highly dependent on him in the next stage to be one of the effective contributors to the local product, and that the authority through its strategy works to extend Bridges of communication with all the relevant authorities in order to achieve the development goals and the holding of bilateral partnerships whose fruits will be reflected in the sustainability, empowerment, and development of the endowment sector according to the Saudi Vision 2030.
On the sidelines of the meeting, the Chamber and the Authority signed a memorandum of cooperation aimed at enhancing joint cooperation in the field of developing and developing the non-profit sector and enhancing its contributions to economic and social development, especially in the field of endowments.
The memorandum, signed (Wednesday 25 / December / 2019), by the Chairman of the Eastern Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, and the Governor of the General Authority of Endowments, Imad bin Saleh Al-Kharashi, agreed to implement a number of initiatives aimed at developing the endowment sector and activating the investment side in it, and innovation Modern methods to increase the return on investment for endowments, enhance revenue for the endowment sector, raise the efficiency of the endowment effect, achieve the quality of services required for beneficiaries and stakeholders, increase opportunities for self-sufficiency of the arrested, and reduce the burden on the state.
In this regard, the Chairman of the Board of Directors of the Asharqia Chamber of Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi said: "Our rational government has launched, in its future vision for the endowment sector, from several institutional and development pillars, its first goal is to improve the endowment sector and reformulate it better, within a strategic direction aimed at This sector, with its social and economic dimensions, will be one of the pillars of sustainable development in the country.
Al-Khalidi praised the role played by the General Authority of Endowments in reorganizing this pivotal sector and caring for it according to best practices and experiences, which contributed to creating a new endowment environment, which is bearing fruit by raising the sector's contribution to the national economy and achieving sustainable development.
For this part, Chairman of the Endowments Committee in the Asharqia Chamber, Dr. Ayed bin Farhan Al-Qahtani said: “It is in front of what the Waqf sector represents in a pivotal role in achieving our national options towards diversification and sustainable development. It aims to diversify its banks and reorient them towards development needs and priorities in order to be able to make the required economic and social impact.
He pointed out that the vision of 2030 was a major starting point in reformulating this influential sector and maximizing its capabilities and multiplying its positive effects on the economy and society. Awareness, and made several steps towards spreading awareness among the business sector of the importance of establishing and developing endowments, and endeavored to highlight the economic aspect of the endowment in achieving sustainable development, as it is one of the most important, greatest and most important fields of land in terms of remuneration and impact.
The Ministry of Environment is reviewing the new organization to qualify water leak auditors
25/12/2019
In a workshop in the Asharqia Chamber
The Ministry of Environment is reviewing the new organization to qualify water leak auditors
Deputy General Supervisor and Organizational Affairs Unit of the Ministry of Environment, Water and Agriculture, Eng. Mishari bin Abdulaziz Al-Fadil revealed that the Ministry is in the process of launching a new center for the efficiency and rationalization of water, and pointed to the multiplicity of the Ministry's initiatives to reorganize the water sector, especially in light of the Kingdom's lack of water resources, Such as a consumption measurement program and a drop initiative to raise awareness of water rationalization, as well as a program to address standards and leaks.
This came during a workshop organized by the Ministry of Environment, Water and Agriculture in cooperation with the Asharqia Chamber, on Monday, December 23, 2019, on the new organization for the qualification of auditors for the exercise of auditing and rationalization of water (leak detection).
Al-Fadil pointed out that the qualification comes in two phases, starting with the qualification of companies and institutions and then the qualification of workers, and includes specific criteria both to support professional capabilities and standards of customer service and equipment as well as administrative requirements, stressing that the absence of certified professionals in the market called on the Ministry to launch the new organization for the qualification of auditors.
Al-Fadil said that the water system audit is related to achieving the efficiency of consumption and the efficiency of the entire system, including leakage detection, noting that the requirements require companies and institutions to achieve more than 60% of these criteria to obtain the necessary qualification, and a periodic list of companies and the accredited company and institution authorized to practice this will be published Activity while continuing to evaluate the continuous performance of licensed companies.
For this part, member of the Board of Directors and Chairman of the Contracting Committee of the Asharqia Chamber, Hamad bin Hammoud Al-Hammad, said that the Kingdom's water sector has witnessed significant changes witnessed during the past few years, according to an integrated plan in line with the goals and aspirations of the Kingdom's Vision 2030 regarding the water sector, which comes as one of The most essential axes of economic and social development in the Kingdom.
He pointed out that in front of what the Kingdom is witnessing from the major challenges related to its water resources, programs and initiatives to rationalize water and speed up the treatment of leaks come, stimulating and supporting to achieve our main goals regarding the conservation and sustainability of water resources in the Kingdom, which we must all, whether individuals or institutions that we adopt and strive to achieve
Al-Hammad said that the Chamber, by hosting this workshop, is aware of the importance of creating an interactive atmosphere between government agencies and the private sector to review and exchange views on the most important items of the new organization to qualify auditors to practice water auditing and detect leaks and to identify the requirements and requirements for granting permission to companies, institutions and employees, and the feasibility of rehabilitation and training for the profession of water audit activity and leak detection.
Capital Market Authority: crowdfunding represents a need for a wide range of investors
25/12/2019
In a workshop held in the Asharqia Chamber yesterday:
Capital Market Authority: crowdfunding represents a need for a wide range of investors
Yusuf bin Abdul Rahman Al-Zamei, a policy development specialist at the Capital Market Authority, said that financial technology has become a market need that serves all sectors, and a lot of activities emerge from it, including crowdfunding .. pointing out that the authority has appointed a special platform that was called the automatic consultant, which means related investments With this type of activity.
Al-Zameea, who was speaking during the "crowdfunding" workshop hosted by the Asharqia Chamber represented by the Finance Committee on Tuesday 24/12/2019, said that financial technology is a new financial industry that uses technical applications to improve financial products and services, by facilitating the access of all categories of investors to services Finance in an easy, fast and competitive cost, and that is through "automating" procedures and operations, linking with databases and service providers, and reducing dependence on the human element ... adding that this technology has witnessed successive developments that started from the issuance of credit cards, and the emergence of ATM devices F-automatic, and then the electronic trading of shares, and then growing then shift the central bank of computers, these developments culminated in the emergence of smart devices.
He mentioned that technical investments around the world have doubled 18 times during the last ten years, and it is expected that investments in securities and alternative financing will grow during the year 2022 to reach five times its status in 2017.
He pointed out that the value of transactions in the global financial technology market is about 4,256,048 million US dollars in 2018, and it is expected that the value of transactions will increase at an annual growth rate (2018-2022) by more than 17%, leading to a total amount of 8,018,084 million dollars in 2022. Stressing that the largest sector in the market is the digital payments sector, which has a total transaction value of $ 3,265.209 million in the year 2018, indicating that China has achieved the highest value of transactions, reaching $ 1,56,408 million in the same year.
And he touched on the issue of crowdfunding, which is the product of financial technology, and which is the financing of collective ownership in exchange for shares, lending financing, financing for issuing debt papers, real estate financing and charitable financing..noting that the authority specializes in authorizing crowdfunding models related to securities only. Six permits were issued to collective property financing companies.
He pointed out that the authority is taking several measures to define the regulatory framework for crowdfunding, including determining eligibility for investors who can participate in financing the projects offered, the upper limit of the amount invested, and companies that cannot obtain financing through crowdfunding platforms, the ceiling of the financing campaign, and disclosing to investors about Possible risks from investing in projects through the platform (investor percentage), and setting customer agreements (exporters and investors) that should include conditions for providing services and financial fees and charges imposed by the platform and any other information .. stressing The Commission has set a platform under the name of automated counselor as anyone looking to invest are placed in the image of the event, such as guidance to investment funds, including by practical interests and orientation.
It is noteworthy that the workshop was moderated by Finance Committee member Ibrahim bin Fahd Al-Assaf, who confirmed the global growth of the phenomenon, and is a natural result of the growth of electronic commerce.
Asharqia Chamber and SABIC hold a workshop on "a project for the professional certification of industrial investor qualification"
25/12/2019
The director of construction and strategic evaluation at the unit for developing local content and business in the company, "SABIC" Ghannam Al-Ghannam, stressed that the company is ready to enter with the investor in the project in the event of the inability to fully cover the costs of the project, warning from the use of a ready-made feasibility study due to the difference in the timing of the study, In addition to the different conditions prevailing in the last period from the current time.
He said during a meeting held by the Asharqia Chamber on Tuesday, December 24, 2019 within the program Nesna in cooperation with the SABIC company entitled "Professional Certificate Project for Industrial Investor Qualification" that the "Support" initiative includes all the purchases of "SABIC", pointing out that all "SABIC" purchases are from local manufacturing or Imported products, stressing that "SABIC" supports the investor for the opportunities that you offer through a preliminary and detailed feasibility study, indicating that the feasibility study is provided by SABIC for free to the Saudi investor, indicating that the company supports ideas that can be converted into industrial products, where it provides The company technical consulting as most industries b The kingdom requires a technical partner, as well as providing advice in choosing the technology,
A member of the Industry and Energy Committee at the Asharqia Chamber of Commerce, Abdullah Al-Sanea, confirmed that there is a trend to impose large projects on the national industry, expecting to reap the fruits of this move in the future, pointing to the "support" initiative of SABIC that attaches great importance to local content through imposing the national industry on all purchases The company, indicating that the Export Authority plays a major role to serve the factories to increase exports, indicating that the Commission provides services to provide data to factories wishing to export, through the ideal mechanisms for export and the systems used in foreign countries.
Al-Sufyan: Qatif is eligible to attract more projects thanks to the resources and energies it owns
24/12/2019
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.
A Kazakh trade delegation offers investment opportunities to Saudi investors in the Asharqia Chamber
23/12/2019
A Kazakh trade delegation offers investment opportunities to Saudi investors in the Asharqia Chamber
Berk Arian, Ambassador of Kazakhstan to the Kingdom, said that the investment climate in Kazakhstan has become encouraging, especially in the fields of industry, agriculture, mining, and trade, stressing that it is an opportunity for Saudi investors.
Arian explained during his presidency of a Kazakh trade delegation that visited the Sharqiya Chamber, and met a number of Saudi businessmen led by the President of the Eastern Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi at the Chamber’s headquarters on Sunday 22 December 2019 Kazakhstan, after only 28 years since its independence, has made tremendous progress in its economic growth. Its gross domestic product has exceeded the limits of 300 billion dollars.
He added that Kazakhstan has become 25th in the world for the ease of doing business based on the "ease of doing business" report issued by the World Bank. Kazakhstan enjoys a strategic location linking large, fast-growing markets in China and South Asia, to Russia and Western Europe by road, rail, and port on the Caspian Sea.
He noted that Kazakhstan - the ninth largest country in the world by area - has developed around 12 special economic zones and 22 industrial zones. The country has put 77 proposals for investment in front of companies abroad.
He said that Kazakhstan now owns 210 million hectares of arable land that produces different types of crops such as wheat. Kazakhstan is one of the 10 largest wheat producers in the world.
He recalled that Kazakhstan has emerged as one of the major tourist destinations in the world. This Central Asian country is the largest landlocked country in the world. There are a host of majestic canyons, deserts, arid plains, huge glaciers, and ancient structures, making it a destination all year round.
For this part, member of the Board of Directors of the Eastern Chamber Nasser Abdel Aziz Al Ansari said that the Kingdom of Saudi Arabia and Kazakhstan celebrated this year the 25th anniversary of the establishment of diplomatic relations between the two friendly countries, explaining that the two countries have identical culture and traditions and have similar views on current regional and international issues, as well as the presence of Similarities in the plans, programs, and initiatives adopted in both countries for macroeconomic development with a special focus on industrial development, as the Saudi Vision 2030 and Kazakhstan's 2050 development strategy aim to diversify the economies in both the two countries.
Al-Ansari indicated that there are promising investment opportunities for Saudi investors and their Kazakh counterparts in the energy, petrochemical, tourism, agricultural, logistics and waste management sectors in both countries.
He focused on the importance of the eastern region of the Kingdom, which is the heart of the Kingdom's energy activities, as most of Saudi Arabia's oil discoveries took place in the region. He pointed out that there is a huge energy project with an area of 50 square kilometers known as King Salman Energy City in the region to enhance the Kingdom's position as a global energy center.
11 officials and experts discuss 9 economic axes at the "Qatif Investment Forum 2019 "
22/12/2019
Organized by Asharqia Chamber at Prince Faisal Bin Fahd Center for Events in Seihat
11 officials and experts discuss 9 economic axes at the "Qatif Investment Forum 2019."
Asharqia Chamber will launches on Monday, December 23, 2019, the activities of the third edition of the forum Qatif Investment in 2019, under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, where the Forum reviewed a number of topics, notably the investment challenges, and the role of bodies, institutions and major corporations in investment support.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the patronage of His Highness the Prince of the region, stressing that it emphasizes the importance of economic events held by the Chamber and represents the great supporter of the Chamber’s continuation in organizing these forums that review economic issues in the region.
Al-Khalidi said that the forum will be held at a time when the Asharqia Chamber seeks to keep abreast of developments witnessed by the Kingdom, especially on the economic level, in line with the Kingdom's vision 2030 and its goals that focus on diversifying sources of income, support and care for the private sector, as well as direct support from the rational government for investments Domestic and foreign, and providing small and medium enterprises with all forms of support and advice, pointing to the interaction of government agencies in the Qatif Governorate with the idea of the forum, and this gives an optimistic indication to achieve more success for the forum.
The forum, which is held at 9:00 in the Prince Faisal bin Fahd Center for Events in Saihat, will participate in 11 speakers and experts representing major government agencies and other private entities, who will review the competitive advantages that attract investment in the Qatif Governorate and the mechanisms for enhancing them.
Participates in the meetings of the Forum Qatif, Municipality of Qatif, Bank of Social Development, the General Authority for Entertainment, Public Authority for small and medium-sized enterprises, and representatives of giant companies in the Kingdom (Saudi Aramco and SABIC).
For this part, the Chairman of the Business Council of the Asharqia Chamber Branch in the Qatif Governorate, Engineer Abdul Mohsen bin Abdul Majeed Al Faraj, said that the Qatif Governorate is characterized by a number of advantages that make it a target for investment, most notably the geographical location linking the administrative capital of the eastern region (Dammam), and Saudi industrial castles (in both Jubail and Ras Al-Khair), and this matter includes areas of work in the commercial, logistic, industrial, and other fields, in addition to the view of preserving the Arabian Gulf and the areas involved in this matter in activities related to the direct sea, such as fishing, tourism, trade, etc.
Al-Faraj pointed out that the first session of the forum, entitled "Ways to enhance the attractiveness of investment and available opportunities", will be held by Qatif Governor Khaled bin Abdulaziz Al-Sufyan, the mayor of Qatif Municipality, Engineer Mohammed bin Abdul Mohsen Al-Hussaini, and the head of the Business Council of the Asharqia Chamber branch in Qatif, Engineer Abdul Mohsen bin Abdul-Majeed Al-Faraj. Eng. Fuad bin Muhammad Musa, and Vice President of the Local Content and Business Development Unit of the Saudi Basic Industries Corporation (SABIC), will be moderated by the informative Muhammad bin Mahdi Al Hammadi. The session reviews investment challenges in economic activities, mechanisms to enhance the attractiveness of investment, available opportunities, and guide junior investors.
The second session, entitled: Economic Constituents and the Drivers of Investment, discusses the importance of their role, in which the Director-General of Lending Finance at the General Authority for Small and Medium Enterprises, Khalid bin Abdul Rahman Al-Jaafari, and the Director of the Treasury and Investment Department of the Social Development Bank seat Ben Abdullah Al-Khamis, and the head of communication and cooperation at the Center Aramco for Entrepreneurship (Promising) Yaqoub Bit Muadh Al-Saleh and Executive Director of Strategic Management of the General Authority of Entertainment Ghassan bin Aqeel Khan, and the session is chaired by Vice-President of the Asharqia Chamber of Commerce Council in Qatif Hisham bin Ali Al-Saif, and will be discussed Talked with competitive advantages for attracting investment in the province and the role of the bodies, institutions and major corporations in supporting investment, economic fundamentals and the role of the driving institutions for investment and the importance of their role.
The prince of the Eastern Province will sponsor tomorrow, the Qatif Investment Forum 2019
22/12/2019
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.
Asharqia Chamber signs a community partnership memorandum with the Friends of Football Players Association
22/12/2019
Asharqia Chamber signs a community partnership memorandum with the Friends of Football Players Association
Asharqia Chamber, today, Thursday, December 19, 2019, signed a societal partnership memorandum with the Friends of Football Soccer Charitable Association, which is concerned with the care and support of low-income people from old players and their families, and the development of existing players.
The partnership memorandum stipulated that the association would benefit from the conference’s lecture rooms and seminars to hold events and their programs, as well as free seats for old players and their families in a number of training programs implemented by the chamber. The private through its employment center, and makes it easy for the association to access businessmen in the region to introduce them to the association, its services and programs, and many other items that stimulate the society's activities in the eastern region.
The contract was signed by the Chamber's Chairman, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, and by the Association of Friends of Football Players Charitable, Captain Majid Ahmed Abdullah, Chairman of the Board of Directors of the Friends of Football Soccer Charitable Association, in the presence of both the Secretary-General of the Chamber, Abdul Rahman bin Abdullah Al-Wabil, And a number of members of the Board of Directors of the Asharqia Chamber, and a selection of sports and media officials interested in football in the Eastern Province.
The Chairman of the chamber explained that the agreement is an important step for cooperation and strengthening joint work between the chamber and the association in what it aims for and what it presents from a lofty message; where the charitable work that is an integral part of the message of our true religion and our dear kingdom, saying: (Our mission is all to provide help and assistance For all categories of needy people from this generous nation.)
Al-Khaldi emphasized that football has a deep and original meaning in spreading and establishing good morals among its fans and followers. If football players adhere to good morals and do good actions, they have a great impact on the millions of people who follow them, relate to them and are affected by their behavior, praising the pioneers of Saudi football, Who have always been role models and good examples in expressing tolerant sports ethics in all local and foreign football spheres.
For this part, Captain Majid Abdullah expressed his thanks and gratitude to the Ashariqa Chamber, and its great support to the association, stressing that this agreement will have a significant impact on achieving the goals of the association and delivering its message to the business sector in the eastern region.
Captain Majed Abdullah said that the association specializes in the field of social services and works to care and support those with limited income from old players and their families, and the development of existing players, it aims to provide a decent life for the needy player as it provides its services in the field of supporting and supporting old football players needing care and support It is considered the first of its kind in the Kingdom and it is based on the work of many different programs to support and encourage retired players.
Al-Marzouq: "Labor Culture" is a useful mechanism to overcome differences and guarantee rights
22/12/2019
During the monthly meeting Tuesday in the Qatif Governorate
Al-Marzouq: "Labor Culture" is a useful mechanism to overcome differences and guarantee rights
Ibrahim Al-Marzouq, Director of Public Relations and Information at the Labor and Social Development Bureau in the Qatif Governorate, stressed the importance of the worker and the employer enjoying the labor culture, which each party knows of its duties, and the rights it entails, especially with regard to the subject of the labor contract and the mechanisms of its continuation or termination, which limits Of labor disputes.
Al-Marzouq said during the monthly Tuesday meeting at the Asharqia Chamber branch in Qatif Governorate (Tuesday 17/12/2019) that between the worker and the employer is a contract concluded to complete a work, in exchange for an agreed fee between them, that contains all personal information about the worker and the employer, including the name and address The date of enrollment and type of work, as well as the duration of the contract, stressing that the contract must be documented on the Ministry’s platform to limit any labor disputes in this area.
He pointed out that the contract can come for a specified period, renewed automatically by agreement of the parties, but if it is renewed for three consecutive times, or the original contract period with the renewal reaches 4 years, and the parties continue to implement it, then the system acknowledges its transformation into an indefinite period contract.
In this context, Al-Marzouq explained that the contract continues with the agreement of the two parties, and also ends with their agreement that the agreement to terminate in writing, and that the contract loses its mandatory feature in several cases, including the expiration of the period specified for the contract, or the worker reaches the age of retirement according to the requirements and provisions of the social insurance system, Or in the event of the final closure of the facility, or the end of the activity.
In this regard, he pointed out that there is a financial compensation (or compensation) that the aggrieved party obtains from terminating the contract, in case the termination took place without a legitimate reason, and that is to pay a 15-day wage for each year of the worker’s service if the contract is for an indefinite period, Or the remuneration of the remaining period of the contract if the contract is specified, provided that the compensation referred to here is less than the worker’s wage for two months .. indicating that the contract can be canceled without any reward in certain cases mentioned by the regulations of the Ministry of Labor and Social Development, including If the worker is under experience, Or in the event of absence without legitimate cause for more than 30 separate days during one decade or more Raise from 15 consecutive days, provided that the chapter is preceded by a written warning from the employer after his absence 20 days in the first case, or his interruption of 10 days in the second current, in addition to proving violations of the position exploitation, breach of trust, resort to forgery, or disclosure of work secrets Or, to perform acts intended to cause damage to the facility.
He stated that the worker has the right to leave the job without notice while retaining his statutory rights, if the employer has not fulfilled his fundamental contractual or statutory obligations to the worker, and if it is proven that the employer or whoever represents has cheated on him at the time of the contract, in relation to the terms and conditions of the work, and if he assigns him In an act that differs substantially from the work agreed upon, or if the employer, a member of his family, or the responsible manager has committed a violent assault or immoral behavior towards the worker or a member of his family, or if the treatment of the employer or the responsible manager is characterized by cruelty, injustice and insult and more.
He stressed that the regulations confirm that the other party must inform the desire to terminate the contract in accordance with a notice as defined in the contract, provided that it does not exceed 60 days if the worker’s wages are paid monthly, and not less than 30 days in relation to others .. explaining that this notice if It was from the employer and the worker was entitled to be absent from the notice period for a full day of the week, or eight hours (paid in both cases), to search for another job.
Government officials review the economic fundamentals and drivers of investment in the "Qatif Investment Forum 2019"
22/12/2019
Its activities will start next Monday with the organization of the Asharqia Chamber under the patronage of His Highness the Prince of the region
Government officials review the economic fundamentals and drivers of investment in the "Qatif Investment Forum 2019."
Government officials and experts review the economic fundamentals and drivers of investment in the Qatif Governorate, as part of the work of the Qatif Investment Forum 2019, organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, on Monday, December 23, 2019, at the Prince Faisal bin Fahd Center For occasions, in Saihat.
The Chairman of the Business Council in the Chamber’s branch in Qatif Abdul Mohsen bin Abdul Majeed Al Faraj said that he is speaking at the first session, which starts at 9.45 am, with the title: Ways to enhance the attractiveness of investment and available opportunities, His Excellency the Governor of Qatif Province, Khalid bin Abdulaziz Al-Sufyan, and the mayor of Qatif, Engineer Muhammed bin Abdul Mohsen Al-Husseini, The Chairman of the Business Council in the Chamber’s branch in Qatif Abdul-Mohsen bin Abdul Majeed Al Faraj, and the vice-president of the Local Content and Business Development Unit of SABIC Engineer Fouad bin Muhammad Musa, and it is managed by the Saudi TV presenter Mohammed bin Mahdi Al Hammadi.
In the second session, which starts at 11.45 am, titled: Economic Constituents and the Drivers of Investment and the Importance of Their Role, Director General of Lending Finance at the Small and Medium Enterprises Authority, “Monshat” Khaled Bin Abdul Rahman Al-Jaafari, and the Director of the Treasury and Investment Department of the Social Development Bank, Seat Ben Abdullah Al-Khamis, and the President Chief Operating Officer, Aramco Center for Entrepreneurship "Waed", Eng. Mohammed bin Awad Al-Shalawi, and Executive Director of Strategic Management of the General Authority for Recreation Ghassan bin Aqeel Khan, and the session is chaired by the Vice-Chairman of the Business Council in the Chamber branch in Qatif Hashan bin Ali Al Saif.
The participants discuss several axes that discuss the topics of the forum, the most prominent of which are: investment challenges in economic activities, mechanisms to enhance the attractiveness of investment, available opportunities, and directing novice investors, in addition to the competitive advantages that attract investment in the governorate and the role of bodies and institutions and major companies in supporting investment, economic fundamentals and the role of investment driving institutions.
"National Industrialization" offers a number of investment opportunities to local investors
22/12/2019
Within the "Tasaheel" program in the Asharqia Chamber
"National Industrialization" offers a number of investment opportunities to local investors
On Tuesday, December 17, 2019, the National Industrialization Company reviewed a number of investment opportunities, in front of more than 300 local suppliers and investors, focused on providing spare parts, raw materials for the company's factories, and some services that the company is looking to obtain through small and medium enterprises.
This came during the meeting organized by the Asharqoa Chamber represented by the "Tasaheel" program, which is one of the Chamber's initiatives aimed at achieving communication between large companies, and other small and medium-sized companies, with the aim of raising the proportions of local content in various economic sectors. In his speech at the opening of the meeting, a member of the Board of Directors of the Asharqia Chamber said And the Chairman of the "Tasaheel" Program Ibrahim bin Mohammed al-sheik that the Asharqia Chamber had launched in mid-April 2017 a “Tasaheel” program to keep pace with the goals of the Kingdom’s 2030 vision and its ambitious aspirations, by working to stimulate local investment and enhance its role in the national economy, until it became a program that enriches the Economic hip in the eastern region with more investment opportunities, and complements the room's contributions to the business service enabling it to explore investment opportunities in major strategic companies.
He explained that the Asharqia Chamber, as it seeks today to host the National Industrial Company, is seeking to enable the local investor sector to engage in the implementation of the activities of this major company, and in response to the aspirations of the business sector, by providing distinguished and innovative services from new initiatives and programs that stimulate the economic movement in the country, In a way that guarantees the achievement of development and growth and helps the national economy.
The company made a comprehensive presentation to the business sector about the available investment opportunities and the mechanism for registering suppliers and responding to their inquiries, as the Executive Vice President of Finance and Supporting Business / Fawaz bin Mohammed Al-Fawaz explained that "National Industrialization" as one of the largest Saudi industrial companies in the field of petrochemical, mining and manufacturing industries, supportive of the application The Kingdom's Vision 2030 aimed at diversifying sources of national income, increasing the contribution of non-oil industries to GDP, and enhancing the contribution of local content in the industry. Valuing the Eastern Chamber for its role in enriching the economic movement in the region by offering more investment opportunities to the business sector of small and medium companies, which enables them to increase the localization of the industry and meet the needs of the Saudi industry of raw materials, spare parts, services, and intermediate products.
The Director-General of the Department of the Center of Excellence procurement company Saleh Sweiti, has confirmed the company's efforts to build productive relationships with all suppliers by facilitating the registration of suppliers cross-platform electronic safe to enable them to take advantage of the opportunities available within the manufacturing company in particular and the business community in general, where he was able to manufacturing during the last period relying on the "Achilles" platform that allows suppliers, actor, with manufacturing and other communication.
It is worth mentioning that the Saudi National Industrialization Company industrial joint-stock company founded in 1985, operates in the petrochemical, mining and manufacturing industries. And recycling for a number of high-quality products.
The "Environment, Water and Agriculture" organizes three workshops on the profession of auditing and detecting leaks
22/12/2019
It will be hosted by Asharqia Chamber next Monday
The "Environment, Water and Agriculture" organizes three workshops on the profession of auditing and detecting leaks
The Ministry of Environment, Water, and Agriculture will organize next Monday (23 / December / 2019) three workshops that address the requirements and steps for qualifying auditors to conduct water audit and rationalization activity (leak detection).
The workshops held at the Asharqia Chamber headquarters in Dammam aim to define the current direction of the Ministry to work in cooperation with the relevant authorities to grant permits for the qualification of auditors to practice this activity, where companies and institutions wishing to do so must register on the website of the Ministry of Environment, Water and Agriculture, and pass a set of qualification tests to obtain on the permits required by the Ministry to practice the profession, as it will publish a periodic list of companies and institutions accredited and authorized to practice this activity to the public, as its performance will be subject to review and evaluation.
The workshop deals with several axes, the most prominent of which is providing an overview of the new organization to qualify the auditors for the practice of water auditing (leakage detection), displaying the requirements and requirements of permits for companies and institutions, and presenting the requirements and requirements for permitting companies and institutions to employees, and qualifying and training for the profession of water auditing activity (leak detection)
Investment challenges at the table of specialists in the "Qatif Investment Forum 2019"
17/12/2019
Organized by the Asharqia Chamber under the patronage of His Highness the Prince of the region next Monday.
Investment challenges at the table of specialists in the "Qatif Investment Forum 2019"
The Qatif Investment Forum 2019 reviews a number of topics that discuss enhancing the attractiveness of investment and available opportunities in the Qatif Governorate, during the forum activities held by the Eastern Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, on Monday, December 23, 2019, at Prince Faisal Center Bin Fahd for occasions, in Saihat.
The Chairman of the East Council Chamber of Commerce in the Qatif Governorate, Abdul-Mohsen bin Abdul Majeed Al Faraj, said that the Saudi Aramco companies and the Saudi Basic Industries Corporation (SABIC) and the General Authority for Entertainment are participating in the forum, and the Social Development Bank and the Small and Medium Enterprises Authority are also participating in the forum’s scientific program, describing the large addition to the forum.
Al-Faraj said that the forum will provide a natural picture of the reality of investment in Qatif, the available investment opportunities and challenges faced by the business sector with the participation of major companies, in addition to the support provided by the Social Development Bank and support entities, especially those related to supporting small projects, which will be provided by specialists in the "facilities".
Al-Faraj pointed out 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 Jubail and Ras al-Khair), and this matter includes areas of work in the commercial and logistical areas And industrial, and so on, as well as the view of preserving the Persian Gulf and the implications for this matter of activities in activities directly related to the sea, such as fishing, tourism, trade, and so on.
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 sources of income, improving the investment environment, and attracting local and foreign investments. Another addition to the investment movement in the eastern region.
It is worth mentioning that the forum discusses a number of topics, the most prominent of which are: investment challenges in economic activities, mechanisms to enhance the attractiveness of investment, available opportunities, and guidance for junior investors, as well as reviews the role of bodies and institutions and major companies in supporting investment, economic fundamentals and the role of investment driving institutions.
"The Industrialization Company" offers investment opportunities in the "Facilitation" program in the Asharqia Chamber on Tuesday
15/12/2019
"The Industrialization Company" offers investment opportunities in the "Facilitation" program in the Asharqia Chamber on Tuesday
The National Industrialization Company will submit on Tuesday (17 / December / 2019) a comprehensive presentation on the investment opportunities available to it, which are available to companies and institutions (especially small and medium), including investment opportunities in manufacturing, supply and so on.
This meeting comes within the program (Tasaheel) implemented by the Asharqia Chamber to support the business sector and to support the local component, which was stipulated in Vision 2030, as through the program is facilitating contract procedures and offering procurement and supply opportunities, through a direct meeting with significant companies.
Through the program, business participants from the owners of local companies, institutions and factories are introduced to the opportunities available to them to invest in these products and how to benefit from them commercially and industrially, as well as exploring the needs of these companies from local suppliers for the coming years.
Aramco, SABIC, facilities , the Bank for Social Development and Entertainment participate in the "Qatif Investment Forum 2019"
15/12/2019
Organized by the Asharqia Chamber under the patronage of His Highness the Prince of the region this December
Aramco, SABIC, facilities, the Bank for Social Development and Entertainment participate in the "Qatif Investment Forum 2019"
The Saudi Aramco Company, the Saudi Basic Industries Corporation "SABIC" and the General Entertainment Authority, are participating in the works of the Qatif Investment Forum 2019 organized by the Eastern Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, on Monday, December 23, 2019, at the Prince Faisal bin Fahd Center For occasions, in Saihat.
The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the forum discusses - in two pivotal sessions - the first is "ways to enhance the attractiveness of investment and available opportunities" and the second axis: A number of topics, the most prominent of which are: “Challenges of investment in economic activities, mechanisms to enhance the attractiveness of investment, available opportunities, and directing junior investors.” During the session, Qatif Governor Khalid bin Abdulaziz Al-Sufyan and Mayor of Qatif Eng. Mohammed bin Abdul Mohsen Al-Husseini, Q: The Business Council in the Chamber’s branch in Qatif, Eng. Abdul Mohsen bin Abdul Majeed Al Faraj, and Vice President of the Local Content and Business Development Unit of SABIC, Engineer Fouad bin Muhammad Musa.
As for the second session (the second axis), the forum discusses the competitive advantages that attract investment, in the governorate, the role of major institutions, institutions and companies in supporting investment, economic fundamentals and the role of investment driving institutions. This session is moderated by Vice-President of the Asharqia Chamber of Commerce Council in Qatif Hisham bin Ali Al-Saif and speaks during it General Director of Lending Finance at the General Authority for Small and Medium Enterprises, Khalid bin Abdul Rahman Al-Jaafari, Director of the Treasury and Investment Department of the Social Development Bank, Seat Ben Abdullah Al-Khamis, and Engineer Mohammed bin Awad Al-Shalawi, Chief Operating Officer of Aram Center Ko Entrepreneurship (Promising), and Ghassan Bin Muqbel Khan, Executive Director of Strategic Management, General Entertainment Authority.
Al-Khalidi added that the success of the great achieved by the Forum in two versions two years was motivated to repeat the experiment, but new topics, and other speakers, in order to keep abreast of developments in our beloved country, especially at the economic level, in the Kingdom of Vision 2030 which focuses on diversifying sources of income, support and take care of the private sector.
Another part, the head of the Eastern Council Chamber of Commerce in the Qatif Governorate, 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 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 preserving the Arabian Gulf and what this field involves in activities related to the direct sea, such as fishing, tourism, trade, etc.
Al-Faraj expressed his hope for the success of the forum along the lines of the previous two versions, appreciating the kind patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, and the participation of His Excellency the Governor of Qatif, Mr. Khalid bin Abdulaziz Al-Sufyan, and other officials in a number of governmental and private agencies.
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 sources of income, 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 the forum sessions, which we hope to Another addition to the investment movement in the eastern region.
"Tourism" confirms the mandatory registration in the monitoring platform and 100 thousand riyals delay fine
15/12/2019
During a workshop held in the Asharqia Chamber yesterday:
"Tourism" confirms the mandatory registration in the monitoring platform and 100 thousand riyals delay fine.
The General Authority for Tourism and National Heritage affirmed the importance of the "national platform for tourism monitoring" and the need for tourist investors to participate in it, as this matter contains valuable results for the development of the tourism sector based on accurate and documented data and information ... noting that participation will be compulsory next Wednesday. (17 / December / 2019), and that a fine of up to 100,000 riyals in the event of failure to register or revoke the license or both, especially after giving investors sufficient time to register.
This came during the workshop held by the authority at the headquarters of the Asharqia Chamber of Commerce yesterday, Sunday 15/12/2019 and moderated by the director-general of the authority’s branch in the eastern region, Engineer Abdullatif Al-Bunyan and in the presence of officials from the police, civil defense and the secretariat of the eastern region, during which both the head of the engineering unit of the authority / Engineer Abdul Rahman Al-Safadi And the next director of institutional applications management from the authority / Al-Jawhara, and it was devoted to investors in the accommodation sector, as Al Bunyan indicated in the introduction to the workshop that the authority aspires to achieve more goals, most notably the development of the hotel industry, and this is only done on accurate scientific and information basis.
For his part, Al-Safadi explained that the platform is an electronic integration mechanism, through which the tourism institutions are linked to the central memory to obtain them electronically, and used for research and statistical purposes that support the development of the tourism accommodation sector ... stressing that the information required is generally not exposed to any special information about establishments or about inmates And it is treated with the utmost privacy also in line with the goals of the authority that aims to develop tourism in general
Based on this, he said that the tourism monitoring platform is "an electronic platform that allows accommodation facilities to register and connect directly with the data center of the General Authority for Tourism and National Heritage to flow data directly through the qualification of providers of resource management services for these facilities, and the data is processed and exported to measurement indicators and statistics on tourism In the Kingdom ".. explaining that this platform has been made, to organize the management of the association with tourist accommodation establishments and the General Authority for Courtyard and National Heritage, and to monitor and provide accurate and immediate information on the accommodation facilities in the Kingdom, and then raise the level of investment through the tourism and hospitality sector, And the development of services provided in the visitor hospitality sector, and the digital transformation of the tourism and hospitality sector
He stressed that the platform contributes to shortening the time to obtain any information about the tourism sector and the housing sector in particular so that the authority gets the information without the need for additional work by the establishments.
Al-Safadi pointed out that the deadline for registration and attachment was only a few days left, and any facility that did not commit to registration during this period would be subject to a violation of up to 100,000 riyals, or the withdrawal of the license or both together .. pointing out that the mandatory circular of registration was issued with a period of time Sufficient for installations.
He pointed out that access to the platform’s format was done through several stages, perhaps the most prominent of which is access to global electronic connectivity experiences, so the Singaporean experience was the best and most suitable for the situation in the Kingdom, as it depends on direct linking with workers in the tourism sector, without any material cost to the facilities, and I spoke The next jewel on the implementation mechanism, and access methods provided general guidelines for registration methods to ensure the integrity of the registration.
Specialists emphasize the importance of credit information in support of business
12/12/2019
During a workshop held yesterday in the Asharqia Chamber
Specialists emphasize the importance of credit information in support of business
Bayan Credit Information officials explained that there is added value achieved by the company's products provided to the private sector, as it provides an information service that helps companies to perform their business, especially in the financial aspects, which is reflected in the level of trust in the Saudi market and the level of companies' relationship with their counterparts abroad.
They said during a workshop organized by the Asharqia Chamber yesterday, Thursday 12/12/2019 at its headquarters in Dammam, under the title: Services provided by Bayan Credit Company, that the company that was established in 2015 achieved qualitative leaps in providing information about companies provided from their original sources such as the ministries of Labor and Social Development And financial, trade and investment, are not limited to financial statements only, but the banking transactions of each company, employment, and the level of transactions with other companies, as the company has more than 140 thousand audited financial statements, enable financial analysts to compare between companies.
The company's business development director, Abdul-Rahman bin Musaed Al-Anqari, said that the information services provided by the company do not depend on the local scale, but rather go beyond that to the external domain, as it provides the service to the beneficiaries and subscribers, and gives them an opportunity to see information about companies at the world level, so the decisions of dealing and commercial dealing With these entities it is straightforward, due to the availability of information, as the company has information about more than 200 million companies registered around the world, obtained from official sources.
In this part, Talal Al-Shehri (Director of the Business Development Department) described the tenders that the company provides as support and enhance confidence in the local commercial activity, that is, between companies and factories inside the Kingdom, or with entities outside the Kingdom, the information gives the opportunity to make the right decision, so it reduces the risk in Business, and work safely with other parties.
Al-Shehri stressed that registration in the company is free of charge (for each commercial registry holder), and obtaining the information is done with the approval of the entity to be recognized, and obtaining its information, while it does not require any approvals if the required information is about any activity in any economic sector.
A member of the Board of Directors of the Asharqia Chamber and Chairman of the Logistics Committee Bandar bin Rafie Al Jabri had managed the dialogues of the meeting, and he praised the efforts undertaken by the company to serve the various private sectors, explaining that the Asharqia Chamber is hosting such events as its goal is to supply local markets with more confidence in transactions, and limit Of the negative phenomena, we find that a credit company is one of the companies that supports such an approach.
Asharqia Chamber: The new budget carries many signals that confirm the Kingdom’s seriousness in achieving the 2030 vision
10/12/2019
Asharqia Chamber: The new budget carries many signals that confirm the Kingdom’s seriousness in achieving the 2030 vision
Asharqia Chamber confirmed, through the analytical study issued yesterday, Tuesday, December 10, 2019, which came under the title (Analysis of the overall performance of the Kingdom's budget indicators for the fiscal year 2020 ), that next year’s budget carries many indications of the extent of the wise leadership’s interest in achieving the goals and aspirations of the Vision 2030, and implementing plans National transformation, diversification of income sources, building reserves, attracting foreign investments, expanding and developing infrastructure projects for the Saudi economy, developing the human element, and giving priority to services that directly affect the Saudi citizen.
The study, which came in four main areas, have noted the government's continued efforts in financial control to control the deficit rates of budget since it is estimated that the budget deficit of about 6.4% of GDP in 2020, and that it will continue to decline gradually until promotes stability and financial sustainability in the medium term, it is estimated that the budget deficit of about 2.9% of GDP in 2022.
The study indicated that the new budget reveals the great importance the government attaches to the comprehensive development in its economic and social aspects and the programming that requires spending priorities to direct them to basic services and to improve the quality of life and raise the standard of living for citizens, in addition to completing the development of the sector achievement programs.
It emphasized that government spending estimates indicate continuation in the implementation of social protection programs, such as a citizen account, a high cost of living allowance for both (employees, retirees, social security beneficiaries, and students), and other social security programs that are entitled to the agreement, and with the right to follow through with the agreement. Considering that social spending is one of the most important priorities of government spending to improve the quality of life and raise the standard of living for citizens of families and individuals.
In light of that, the total spending in the budget for the next year 2020 is estimated at about 1.020 billion riyals, down from 2019 in the rate of 2.7%, with the government's continuing efforts to raise the level of the private sector in the field of construction in the sector. Productivity that enhances the targets of economic growth through supporting social development, and raising the degree of discipline and financial planning.
The study pointed out that the revenue development policies and programs aim to find diversified sources to reduce the fluctuation of financial flows due to the instability of oil prices, and to facilitate financial planning and regular financing of various projects and programs.
The study linked between continuing to improve economic performance and completing the implementation of the announced initiatives aimed at developing revenue, and increasing the expected revenues for the fiscal year 2020, which may reach 863 billion riyals in the year 2022, in light of the implementation of many of these revenue initiatives and the enhancement of revenue from the development initiatives.
The study indicated that preliminary estimates of the average range of real GDP growth rates indicate real GDP growth of about 2.3% in 2020, expecting annual growth to continue at the same pace on the same range of investment, in the range of additional investment. Best for current and future generations.
The study concluded that there has been a significant increase in domestic and foreign private sector investments in the non-oil sector and that the government appears to continue in 2020 and over the medium term to facilitate the business climate and investment opportunities in front of the private sector, which witnessed positive growth in the first half of the year, which witnessed positive growth. An average of 2.9% supported by private sector stimulus policies, while private consumption rates continued for the same period in positive growth to reach 4.4% compared to a growth rate of 2.6% for the same period in the previous year. Meh initiatives implemented by the government to support the household sector and the private sector.
The Chairman of Asharqia Chamber : Budget figures have devoted leadership resolve to pursue development reform and spending policies
10/12/2019
The Chairman of Asharqia Chamber: Budget figures have devoted leadership resolve to pursue development reform and spending policies
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, stressed the distinctive and qualitative performance in managing the budget for 2019, and the resulting results for the promotion of economic growth and sustainability plans, a noticeable rise in the rates of GDP growth in general and non-oil in particular; and the continued implementation of programs and initiatives vision 2030.
While Al-Khalidi described the budget for the next year 2020 AD as (the magnitude of its size, and that it confirms an increase in spending levels and a continuation of balanced development policies and support for economic diversification in the country), pointing out that the continued enhancement of spending besides that it reflects positively on the rates of economic growth, it creates promising investment opportunities in front of Domestic and foreign capital.
Al-Khaldi added that the budget of the year, whose expenditures are about (1,020) billion riyals, and its revenues are estimated at about (833) billion riyals, despite registering a greater deficit compared to 2019, as a bet on continuing to diversify the economic base in line with the goals of Vision 2030 AD, in light of the near end of the end Several significant projects and the continuity of work on completing economic restructuring projects and stimulating the private sector, pointing out that the most important characteristic of the financial policy used is ability and flexibility in managing the budget deficit and managing public debt.
Al-Khaldi valued the support and various opportunities provided by the government to the private sector in order to contribute effectively to the development of the national economy and pledged that the entire business sector would go towards contributing activities, programs, and initiatives in the fields of employment, social and economic services.
Al-Khalidi expressed his confidence in the ability of the national economy to face challenges by continuing to consolidate its rules towards diversifying its income sources, driven by partnership with the private sector, noting that the new budget included many positive indicators in many aspects, such as the Kingdom’s seriousness in achieving concrete increases Concerning the contribution of the non-oil sectors to the gross domestic product, and raising the competitive capabilities of the national economy and national products, as well as its seriousness in achieving the aspirations of the private sector and investors to continue sustainable development in the Kingdom and that the budget came with balanced spending indicators to accommodate D continued commitment to accelerate economic and social development process and improve the standard of living of citizens and their quality of life, by giving priority to basic services of interest to the citizen directly, such as health, education, municipal water, and all infrastructure projects.
An American trade delegation displays its experiences in airport management in the Asharqia Chamber
10/12/2019
Member of the Board of Directors of the Asharqia Chamber and Chairman of the Logistics Committee of the Eastern Chamber, Bandar Bin Rafie Al Jabri, affirmed the strong relations between the Kingdom and the United States of America and the depth of trade and economic relations.
Al-Jabri said during the meeting of the American trade delegation that was held on Monday, December 9, 2019, at the headquarters of the Chamber, and in the presence of the Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, that the Kingdom is witnessing a significant economic and industrial boom, as the world is witnessing the development in the logistical sector, in order to achieve the goals of seeing the Kingdom 2030, stressing that the kingdom currently owns 27 airports, including 13 international airports and 14 domestic airports, and the General Authority of Civil Aviation is responsible for safety, operations, and navigation services at all these airports. In addition, there are a number of domestic and international airports on a large scale in the Kingdom. A number of new airports have also been implemented, such as King Abdulaziz International Airport in Jeddah and Bayoum Neum Airport in the northern part of the Kingdom. The Red Sea airport, which is designed to serve about one million tourists annually, is expected to start operating by 2022.
The meeting was attended by member of the Board of Directors Najeeb bin Abdullah Al-Saihati, the Secretary-General of the Chamber Abdul Rahman bin Abdullah Al-Wabil and the CEO of the American-Saudi Business Council Del Roosevelt and the head of the Saudi side in the council, Abdullah bin Saleh Juma, and the American consul in Dhahran Rachna Kurhonen.
Roosevelt said that the main goal of the meeting is to search for promising investment opportunities and feasible projects offered by the most prominent manufacturers operating in the airports sector, that there are great commercial opportunities in the Saudi aviation industry.
For this part, Jumah said that the American-Saudi Business Council has played an important role in developing and expanding trade cooperation between American and Saudi companies over the past 25 years since its establishment in 1993. The Council has organized many successful business development missions to the Kingdom.
Asharqia Chamber: pumping about half a trillion riyals into Aramco IPOs a historic event, and exceptional confidence.
08/12/2019
Asharqia Chamber: pumping about half a trillion riyals into Aramco IPO a historic event, and exceptional confidence.
Al-Khaldi: Aramco launched an enhancement of the reliability of the Kingdom's 2030 vision
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the popularity of the Saudi Aramco company witnessed a wide turnout, whether from the segment of individuals or institutions. In his inputs, and a strong indication of the readiness of the Saudi stock market to organize and launch such huge IPOs.
The total applications in Aramco IPOs amounted to 446 billion riyals (individuals and institutions), or nearly half a trillion riyals, equivalent to $ 119 billion, making it the largest subscription of its kind in the history of the global economy, as it was closed by collecting more than 4.5 times the value of the basic offering.
Al-Khaldi emphasized that the levels of the large turnout received by the subscription are a strong indication of the strength and durability of the Saudi economy, subscribers' confidence and the efficiency of the stock market, pointing to the great diversity between the local investor base.
Al-Khaldi expected that the Saudi economy will embark on a new stage of development and openness to investments in both its foreign and domestic sectors, which require the business sector to be fully prepared for it and begin to develop strategic plans to deal with this development and openness, saying: (It is beside the great success achieved by Aramco’s underwriting and its positive implications. On the national economy, the remarkable improvement of the business environment since the beginning of the vision of ( 2030 ) has played a significant role in enhancing the confidence of local and foreign investors in the future of the national economy), which indicates that it is on its way to be one of the most attractive destinations for investments in the world. , Pointing out that thanks to the accelerated pace of the achievements of the vision and accelerate the pace and measures to diversify the economic base, the Saudi economy has become the focus of attention of investors in many countries.
Government agencies confirms its commitment to the "Atamta" services in support of investment in the logistics sector.
05/12/2019
At a workshop held in the Asharqia Chamber yesterday
Government agencies confirms its commitment to the "Atamta" services in support of investment in the logistics sector.
Participants in the workshop "Achievements of Government Agencies in the Maritime Sector and the Logistics Sector" stressed the importance of the services provided by these authorities, which are witnessing successive developments, most notably the introduction of the state of automation in all agencies working in this regard (the General Authority for Ports and the General Authority for Customs, The General Authority for Transport, the General Directorate of Border Guards, and the Information Exchange Company.
The workshop, which was moderated on Thursday, December 5 at the headquarters of the Asharqia Chamber, the Chairman of the Board of Directors and Chairman of the Logistics Committee Bandar bin Rafi al-Jabri, a number of information and discussions reflecting the development of services provided to investors in the field of maritime transport. Logistics at the General Authority of Ports Abdullah Al-Munif. He said that we have 9 industrial and commercial ports with a capacity of 673 million tons. These ports have already handled 8.6 million TEUs, pointing out that Saudi ports have made excellent progress in the global index of quality and competitiveness of port services from 44th to 40th place.
He reviewed the achievements of the General Authority for Ports compared to 2017 and 2019, saying that the container turnover rate in the port does not exceed five days during the current year, and was in 2017 about 14 days, and that the productivity of the crane jumped from 24 containers per hour during the year before last The waiting time of the vessel from the berth to start operations is now 45 minutes, it was within 90 minutes two years ago, and the average waiting time of the vessel from the end of operations to the departure of the berth was 90 minutes decreased to 60 minutes, And after re-engineering procedures that were adopted during the baseline The sale of the past will decrease this period further and compete with international ports. The turnover rate in the ports applied by the trucks project is within 30 minutes from 180 minutes, and the general cargo handling rate of 3 thousand tons per day rose to 7 thousand tons.
He pointed to a number of projects that have been completed, most notably accelerating the process of ship travel, night inspection of containers, the project of truck management in Dammam and others, as well as the establishment of the commercial section and launch a plan to communicate with investors of the maritime sector and the conclusion of alliances with shipping companies at the local, regional and international levels and start implementation The alliance strategy was also issued, and several regulations were issued regulating the work of maritime agents, inspection procedures and the like, which regulated the work in ports and the maritime sector and removed many of the lack of transparency that the maritime sector was suffering from.
Hatem Al-Zahrani of the General Authority for Transport (Maritime Transport Sector) explained that the Authority plays the role of legislator and regulator in the maritime transport industry by issuing licenses and supervising the application of regulations and regulations on maritime vessels flying the Saudi flag and its workers, and also working on the implementation of international treaties and agreements issued. The International Maritime Organization (IMO) with all relevant authorities, pointing out that the vision of the Authority is (Towards a safe, efficient, integrated and environmentally friendly transport for sustainable development), and carries the message that: "Regulating and developing the activities of land, sea and rail transport to provide a transport environment. Enough Of high quality and appropriate cost, based on the latest technologies and promote investment opportunities in the transport industry to achieve economic and social development goals. "
He added that the trip beneficiary or investor to operate and exercise the activity required to perform 9 steps were shortened during the current year to 4 steps, because the Authority has developed a precise methodology to solve the problems of enforcement by reading the previous regulations, has become all services are automated through the portal These include the issuance of six licenses for the required activities and various certification services. He revealed that the middle of December will be adding a certificate of civil liability for damage to oil pollution, and a certificate of insurance of civil liability for damage to fuel pollution, and that by the end of this month will be Issuance of cooperation The first quarter of the year 2020 will be issuing certificates of rapid units, exemption, continuous record and so on.
Capt. Engineer Saud Alshehri (from the General Directorate of Border Guard) has said that the border guard duties in the ports is the guard and security control, and what falls under that of the activities of inspection and security and conduct patrols and other, our purpose first and last is to provide a safe environment in all ports, from a base "for an investment without security."
One of the improvements made by the Border Guards is to improve the procedures for obtaining permits, such as eliminating the requirement of a zakat certificate and ensuring the validity of the commercial register for registration of entities at the Saul portal. In addition, he canceled the requirement of clearing the border guards from customs procedures, excluding them by using the order number, dispensing with the necessity of having the picture in temporary and daily permits, and enabling the companies operating in ports to renew the date of entering the ports one month before the completion.
He reviewed the most prominent services that can be obtained from the portal of Saul, has been registered in one year more than 4 thousand facilities, permits exceeded 612 thousand permits, an increase of 300% .( ........) From the General Authority of Saudi Customs that the current strategic plan of the Authority is to reduce documents and integration with other bodies, the launch of the vision of the God of the first place regionally in providing distinct customs services to become the Kingdom of global logistics platform "and we are always keen on Facilitate trade and achieve customer satisfaction, contribute to community security, and increase non-oil revenues He pointed out that the Authority has taken several measures to improve the work, including the container management program, canceling the departure of ships, developing the loading and unloading works, and automating the provisions of the provision of supplies and the provision of ships. He pointed out that the automation taken by the Authority contributed to the provision of more than 18 million galleries, more than 53 million kilometers is the distance traveled to finish transactions, more than 593 thousand letters, as well as more than two million hours of work spent in data entry, and 6 ml Any hours spent as a result of manual deliveries, as well as contribute to the preservation of the environment by shortening these transfers, etc. Muhannad Al-Mutairi from the Saudi Exchange Company for Information Exchange (Tadawul) spoke about the Fasah platform that deals with suppliers, customs brokers, and port operators. Train operators, freight forwarders, courier, air freight, car dealerships, and private laboratories offer 135 cross-platform services.
A lecture reviewing the investment opportunities in the electronic games sector in Asharqia Chamber
05/12/2019
The Saudi toys market is estimated at more than $ 758 million
A lecture reviewing the investment opportunities in the electronic games sector in Asharqia Chamber
Reviewed a lecture entitled: Development of electronic games and investment organized by the Asharqia Chamber in cooperation with the Japan Cooperation Center for the Middle East and the Tokyo University of Technology.
Thursday 5 December 2019 Ways to collaborate to design local games using technology and benefit from Japanese experiences.
A professor at the Tokyo University of Technology Koji Mikami that the Kingdom is one of the fastest gaming growing markets in the world, and there are signs of bright cooperation in serving this sector to take advantage of its products locally, pointing out that the Saudi gaming market currently estimated at more than $ 758 million and that this market is growing rapidly on the back of the booming entertainment industry in the Kingdom.
Mikami pointed out during the lecture, which witnessed a number of factors common between the peoples of the Kingdom and Japan and their interest in the culture of electronic games, stressing the unique investment opportunities in this sector, through the development of local content by translating different games into local Arabic using Japanese technology. Localization of gaming characters and visual designs in cooperation with Japanese companies involved in the gaming industry.
Mikami said Japan is the world's third-largest gaming market, with 67.6 million players spending $ 19.2 billion in 2018. China is the world's largest gaming market, followed by the United States.
Professor Mikami talked about the production processes of the game, saying that this game is a comprehensive art and technology. He advised the creators of the game to think about offering everything new while adhering to high international standards and workmanship.
Asharqia Chamber organizes a workshop on social media accounts and entrepreneurship
05/12/2019
Asharqia Chamber organizes a workshop on social media accounts and entrepreneurship
Asharqia Chamber organized within the activities of the Council of young women business workshop entitled Social networking accounts and entrepreneurship, embraced Thursday, December 5th, 2019 headquarters of the Chamber.
And reviewed the guest Workshop Program Director of Bahrain for the best government practices Ibrahim bin Ali al-Tamimi important themes in the topic of the workshop comes most notably: Content influential entrepreneurs and the dimensions of promotion through social networking accounts, as well as the arts press release industry.
Al-Tamimi also discussed during the workshop, which saw significant presence accounts of companies, institutions and personal accounts characteristics, and the mechanism of evaluation and development of the accounts, the art of advertising excitement on social networking sites.
The Prince of Eastern: The vision of the Kingdom includes giant projects .. The private sector is a partner in achieving them
05/12/2019
Opened yesterday morning construction forum of Asharqia Chamber
The Prince of Eastern: The vision of the Kingdom includes giant projects. The private sector is a partner in achieving them
Inaugurated by His Royal Highness Prince Saud bin Nayef bin Abdulaziz - Prince of the East region - morning, contracting forum, which is organized by the Committee on Construction of Asharqia Chamber "Tquaol" which will be held under the title of (empowerment sector under the Vision 2030) and the headquarters of the Asharqia Chamber.
His Highness noted the vision of the Kingdom of 2030, giant development projects, and opportunities provided for partnership with the private sector in the implementation of projects, management and operation, which requires careful attention to quality and quality, and work to prepare national cadres in this field, whether in the engineering fields, His Highness pointed out that the Kingdom's presidency of the G20 Summit is an opportunity for various sectors to highlight their capabilities and enable them to open the horizons of partnership and benefit from different experiences. Government, the shift towards digital government, and support and empowerment programs launched respectively to empower the private sector and raise its efficiency.
In his speech during the opening session, Chairman of the Asharqia Chamber of Abdul-Hakim bin Hamad Ammar al-Khalidi said that the wise leadership of our country has painted a clear roadmap milestones for the start of the prospects for the future, and here it is today presiding over the work of the Group of Twenty and pays tribute to its policy of international financial institutions of all kinds, and continue her career towards achieving national and sustainable economic growth, enhance to mobilize all sectors of the economy, it comes on top of the construction sector, as a sector capable of activating the economic growth cycle and contribute to economic development and employment of national manpower.
He added that the construction industry is witnessing a new breakthrough towards enhancing its ability to implement the goals of the Kingdom's Vision 2030, as a result of the new directions in the structure of the national economy, and open the door for all economic sectors to participate in shaping the path of the Kingdom's economy and maximize its value in the GDP He stressed that the contracting sector, with all its pioneers and components, is committed to the wise leadership's directions in participating and actively contributing to the realization of Vision 2030, implementing its development programs and objectives, and looks forward to more support, care and empowerment so that it can develop its tools and maximize its capabilities. To deal with the implementation of giant national projects.
Another part, member of the Board of Directors of the Asharqia Chamber and Chairman of the Contracting Committee Hamad bin Hamoud Al-Hammad: said that "The construction sector is an important axis of the national economy and highlights its importance as a sector contributing to the growth of many other market sectors, and in each process of structural reform of the economy we find that the construction sector always “The Kingdom's ambitious vision 2030 was based on comprehensive perceptions, ambitious programs and fundamental reforms, which reflected on the contracting sector, which requires national companies and institutions to keep pace with these changes and follow the reforms.”
He pointed out that the contracting sector has managed to overcome the deflation phase that usually accompanies major changes, and achieved positive progress for its value in gross output by 5.1%, which is equivalent to current prices for 2018 about 151 billion, and the opening session witnessed a visual presentation prepared by the Contracting Committee of the Eastern Chamber revealed that the size of the sector up to 400 billion riyals, it operates 200 thousand facility, and employs about 4 million workers, reviewing committee contracting efforts in the sector service as it has this year, about 45 activities different to support the sector and examine some of the challenges it faces.
The first session: Projects works in cooperation with 30 government agencies to restructure the procedures adopted in the government projects
The Director-General of the National Program "Projects" Engineer Ahmed Al-Balawi, said during the first session entitled "The role of the construction sector in achieving the vision 2030" that the state has spent on capital projects about (5) trillion during the past five decades, , adding that the state has spent more on operating contracts and infrastructure maintenance, stressing that "projects" aimed at improving practices in government projects, where the process is leading a comprehensive transformation with government agencies through the structuring facilities.
Al-Balawi said that projects are currently working on the management of facilities through the adoption of different methods in launching projects, where (60) schools in Makkah were launched in partnership with the private sector, while (60) schools in Madinah will be presented with the same system, indicating, Projects "work in cooperation with 30 government agencies to restructure the procedures adopted in government projects, stressing the design of the control panel of government projects in various regions of the Kingdom, stressing that" projects "lead the government sector towards better practices.
n turn, the Vice President of Procurement and Supply Chain Management at Saudi Aramco Eng. Mohammed Al Shammari said that the company has been interested in developing the contracting sector since its inception, where it has worked to develop programs to activate the localization in the sector, adding that the company has launched a new platform to reduce the requirements of registration of construction companies to not exceed 3 - 4 days, stressing that the company is keen to follow up the measures to support the contracting sector to increase transparency, calling on major construction companies to develop small companies, so as to lead to a state of balance, pointing out that the development of small and medium enterprises from one of the programs "Iktefa."
Al-Shammari called for granting small companies a part of the work in the projects implemented by major construction companies, stressing the need to develop the contracting industry through the establishment of "research centers" to continue the development and excellence in the sector, considering commitment to work ethics and ensuring integrity of the priorities in the sector. He stressed the need to continue work to prevent manipulation of quality, calling on the contracting companies to strengthen "cybersecurity" through the development of a strong information security system, pointing out that cybersecurity neglect affects the march of companies.
He pointed out that the "Wa'ed" program has supported 120 projects for small and medium enterprises, whether with loans or participation.
For his part, Director General of Technical Affairs at the Royal Commission in Jubail Eng. Ahmed Noureddine Hassan, said that planning from the beginning and the selection of outstanding management are essential factors in the implementation of projects according to the required requirements, stressing the need to develop an integrated monitoring and support system in the construction phase, through clear procedures The methodology is consistent, stressing that the Authority is the first to create "infrastructure contractor" which aims to provide an integrated product for various services and quality, pointing out that the Authority was keen to train national cadres to develop performance and quality through the specialized center.
He pointed out that the failure of projects is linked to several aspects, including the system of risk management and financial management, there is a disparity in the financial management of companies, some strong and the other weak, pointing out that risk management is still below the level of maturity required in the contracting sector other than maturity in the industrial sector, Calling on the Saudi Organization for Contractors to raise the maturity in risk management and deal with it professionally, calling for more cooperation between the contracting companies in relation to financial risk management expertise.
The director of the mega-projects management of engineering and projects in the Middle East and Africa Company "SABIC" Engineer Abdul Aziz Al-Qahtani, said that the construction sector is the second-largest non-oil sector and construction companies represent the backbone of development in the Kingdom, stressing that parking SABIC with the sector through the launch of program "support" to increase local content for small and medium-sized enterprises, stressing that the Commission signed a memorandum of aggravation with the Saudi contractors as an indication of the company's eagerness to pay attention to the sector.
He added that the company is keen to facilitate and qualify the construction companies to upgrade their level, including training and qualification on the standards and requirements to enter the projects put forward by the company, pointing out that the company, which has more than 12 thousand patents and spread in 25 countries, It is very important to allocate the bulk of its projects to national companies, stressing that the company is committed to supporting the contracting sector.
Al-Qahtani said that the default of projects is linked to the employer and the executing company, due to the absence of vision and planning from the employer through the lack of development in the study of the details of the project before submitting it. He emerged from the market, where more than 20,000 companies have come out of the market in recent years, advising companies by saying "do not bid too little to win the tender".
He stressed that the safety of manpower is a priority not ceded by "SABIC" where the company achieved a world record without injury (275) million hours and the company is working to put it in the Guinness Book.
In turn, the head of the projects sector at the Saudi Electricity Company, Eng. Ibrahim Al-Khunaizan, said that the company has been targeting the construction sector since its inception and it gives priority to national companies. The company has success stories with national companies, so that it expanded to enter the markets of North Africa and the Gulf countries, pointing out that the standards and requirements adopted in the company has become a standard for some Gulf countries, indicating that the company has Come together He pointed out that there are many opportunities for contracting companies during 2020, calling on companies to go for promising investment opportunities in the renewable energy sector, adding that investment opportunities will be announced soon. , Including all the details in all transparency.
He said that the company is linking renewable energy projects with the national grid, where the Ministry of Energy launched projects for the production of renewable energy, where there are many investment opportunities in the mega-projects (Neum - Amala - Alkadih).
Session 2: Recommendation to review the procedures of the financial departments of companies
The participants stressed in the second session of the contracting forum organized by the Asharqia Chamber on Wednesday on the principle of partnership between the contractor on the one hand, and between government agencies benefiting from tenders contractor .. noting that the new regulations are supportive of this approach, and take into account the contractor's rights by addressing all cases over by the sector in the past periods, calling for more regulation, sector serves the public good.
The Chairman of the Saudi Contractors Authority, Osama bin Hassan Al-Afaliq said during the session, which was moderated by a member of the National Committee of Contractors, Eng. Muhannad Qusai Al-Azzawi, under the title (Regulatory Frameworks in Empowering the Contracting Sector), In the sector, proposals have been made to develop and address the challenges, but we nevertheless believe that the sector needs more, and despite the optimism we hold regarding the new regulations and procedures, we have 4,000 contractors out of 160,000 are not all registered with the Authority, and we find that we need to change Radical concepts in the start of the designs and even contract with implementing.
And the Under-Secretary for Reconstruction and Projects faithfully Eastern Region Engineer Essam Al Mulla explained that the Secretariat should consider the Contractor as a partner, noting that the Secretariat has practices to raise the efficiency of project management, and the building code is in the stages of activation will jump sector and activity in it.
The head of the development of competition and government procurement system of the former Dr. Salim Bin Saleh Al-Mutawa stressed the principle of partnership contractor with the government apparatus beneficiary, so the training is important, awareness and dissemination of culture on this concept, before creating regulations and legislation, we must know that the principle of partnership is reflected positively on the projects themselves, which are related to projects such as citizen such as schools, hospitals, and streets and so on.
For his part, The CEO of "Semah" Classification Agency Nabil Al-Mubarak said that the contracting sector contains about 208 thousand commercial registers, of which only about 3600 are classified. Therefore, those dealing with government projects are few, calling for linking the contractor with the financial sector and governmental institutions to achieve the principle of partnership.
The Chairman and CEO of Khalid bin Ali Al-Turki & Sons (Al-Turki Holding), Rami Bin Khaled Al-Turki, explained that we need more empowerment for the sector, and this is not only more classification, and find more financing tools, what gets the construction sector does not exceed 7 % Of finance in the financial sector in general, and the rest goes to other sectors.
He asked for the support of the Ministry of Labor and Social Development, and the review of many of the decisions, at the same time praising the efforts of the Human Resources Development Fund also called for the protection of contractors from non-fair competition.
Business sector meets His Excellency the Minister of Trade and Investment in a dialogue session at the Contracting Forum 2019
02/12/2019
Business sector meets His Excellency the Minister of Trade and Investment in a dialogue session at the Contracting Forum 2019
A member of the Asharqia Chamber of Commerce and Chairman of the Contracting Hamad bin Hamoud al-Hammad said the business sector will meet the Minister of Trade and Investment Dr. Majid bin Abdullah bronchopulmonary in a panel discussion in the sessions of the Forum for Construction 2019, which organizes its activities room within the committee contracting under the activities of the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province on Wednesday, December 4th, 2019, and that at the Chamber President.
Al-Hammad pointed out that the forum will be held on three sessions, which will include a number of axes that address the important aspects of the contracting sector, whose research and reading is an indirect support for the national economy in general, as it is an effective tool for the implementation of projects, and an important channel to attract local and foreign investments.
Al-Hammad said that the forum will focus on the role of the contracting sector in achieving the Kingdom's Vision 2030, under which this topic will examine the expected impact of mergers on the sector and rehabilitation and development, and discuss the role of policies and legislation on labor and its role in supporting the sector, and the role of large companies in enhancing the performance of the sector. With a focus on a very important issue, which is the faltering of projects and the discussion of its causes and treatment, as a subject of great concern to investors and dealers with the sector.
The Forum also looking associated with the effects of "financing, classification" and their role in determining the qualification of contractors for the implementation of any project displays from government agencies or civil, funding is a focal point in the performance of contractors and their success, while the classification adopted by the authorities concerned determines the possibility of any institution to do the project supply store.
He pointed out that other topics will be reviewed by specialists in the forum, such as the role of the Contractors Authority, and the idea of establishing a contractor bank as a performance to enable the sector, expressing his hope that the forum will be a better support for the sector, through the presentation of a number of ideas and proposals supporting the sector in various fields and activities.
Al-Hammad stressed that the construction sector is a key partner in the implementation of national projects, pointing to the aspirations of the employees of the sector for more support so that it can develop its tools and implement huge development projects.
Asharqia Chamber and SABIC launch the second phase of the qualifying program (Nasnae)
02/12/2019
Aims to rehabilitate 30 young people to invest in the industrial field
Asharqia Chamber and SABIC launch the second phase of the qualifying program (Nasnae)
Asharqia Chamber in partnership with the second phase of SABIC from the qualifying program (Nasnae) organized part of its efforts to support the business young sector, with headquarters President of the Chamber, where it began to receive participation from young investors in the industrial sector in order to help young investors in the establishment of small and medium-sized industrial projects applications Through a package of training programs ended the establishment of factories for graduates of the program.
On the program, The Chairman of the Board of the Asharqia Chamber Abdul-Hakim bin Hamad Al Amar Khalidi said that the program, which provides for three months to kick off in its second phase, pointing out that the students admitted to the program will undergo hours of training at the hands of a training professional staff qualified owners, qualified and experienced to carry out training programs professional, experts industrial investment in the Kingdom of the environment, and have the capacity and potential follow-up program graduates and provide them with the necessary advice and guidance after the beginning of the project during the work phase, indicating that the trainee during the training period is subject to 200 hours of training.
He also stressed that the Chamber in an effort to promote a culture of entrepreneurship, designed this program with the aim of youth rehabilitation wishing to work in the field of industrial, noting that the program targets the graduation of 30 young people have the ability and competence to establish small and medium-sized factories in an orderly and professional, as providing them with the program with the skills of technical, administrative and information necessary, as the program covers the administrative, marketing, financial and legal aspects of the feasibility study, and gets each participant meets the requirements to pass the certificate of the training period.
Al-Khaldi pointed out that the program will provide multiple services during the meeting, which will review the establishment and financing services, pointing out that the trainee at the end of the program is granted a professional certificate to qualify the industrial investor and be among those eligible for support from the program "Nsand" in SABIC to build its own factory.
It is noteworthy that the conditions for applying for registration in the program must be a Saudi national and have a high school diploma as a minimum and priority for engineering disciplines, and has a serious desire to establish an industrial project and commitment to manage and devote to it, also requires that those who have the idea and plan for a viable industrial project and able to provide a new job opportunities.
Asharqia Chamber launches Princess Mashael bint Faisal training program entitled "Industry Leaders"
02/12/2019
Asharqia Chamber launches Princess Mashael bint Faisal training program entitled "Industry Leaders"
Asharqia Chamber launched on Sunday 1 December 2019 Princess Mashael bint Faisal training program entitled "Industry leaders", which seeks to empower women in leadership and entrepreneurship, which lasts for 10 training days at the headquarters of the Chamber.
The training program aims to develop leadership skills and developed to create a generation of women leaders empowered as well as to enable the trainees in the various sectors of cooperation and solving the challenges faced, where he reviews several topics, notably: Learn the six public speaking skills, and to clarify the concept of media and selection of appropriate means for each event and deal with them , questions and improvisational and handling, body language and voice and diversity, and the development of trainees' skills in dealing with the media and public relations through visual media, the concept of public relations and the importance of modern institutions.
The program targets women who have 7 years of experience and more, and the owners of small and medium-sized enterprises, and employees in the private women leaders, where undergo 10 training quotas totaling 32 hours of training sector.
Her Royal Highness Princess Mashail bint Faisal is one of the most prominent female figures in the Eastern Province. In honor of her efforts, the program took its name from the Asharqia Chamber for its efforts in establishing the Businesswomen Center in 2005 and being the founder and president of Al Khobar Businesswomen Forum, The first gathering of businesswomen in the region.
Eastern businessmen renew allegiance and loyalty to the Custodian of the Two Holy Mosques
02/12/2019
On the occasion of the fifth anniversary of allegiance
Eastern businessmen renew allegiance and loyalty to the Custodian of the Two Holy Mosques
They affirmed that it is a memory that reflects the love, sincerity, and loyalty of the servants of the Two Holy Mosques and the strength of cohesion between the leadership and the people.
The Chairman and members of the Board of Directors of the Asharqia Chamber and its Secretariat expressed their great happiness on the anniversary of the pledge of allegiance to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, may God protect him. The Kingdom affirms the love, sincerity and loyalty of the King, and the strength of cohesion between the leadership and the people, expressing their pride on this occasion, which is celebrated by all the people of Saudi Arabia, praising the achievements achieved in the prosperous era of development at all levels, vowing to continue the march. To me Along with the wise leadership to reach the future horizons in a vibrant homeland and a prosperous economy, calling on the Almighty to continue building and strengthening the Kingdom at various levels.
The results of allegiance
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that today we are living the fruits of this pledge, where achievements continue at the internal and external levels, and work continues in the consolidation of the rules of sustainable development, infrastructure development, community development, and provide more employment opportunities for the workforce. He pointed to the keen interest, support and patronage of all segments of society, as well as the auspicious reign of the Kingdom to the height of progress, progress, and progress in various fields.
At the political level, the Kingdom is witnessing an international presence and a large regional, and vision, and the positions of critical referred to the statement, and on the level of economic, there is a mobilization of all sectors, mobility, and boom development, newly all international forums have become, and other levels that are full of honorable achievements of Astrha history inauspicious reign.
Al-Khaldi described what the Kingdom has achieved during the last five years as a "big leap and qualitative achievement", which he said was the result of the policies of the government of the Custodian of the Two Holy Mosques and his Crown Prince, may God protect them, which paid great attention to restructuring the national economy, diversifying its sources and activating the roles of all its components. , especially in the private sector.
Luminous radiance
Another part, the Vice-President of the Chamber, Bader bin Sulaiman Al-Ruzayzah, affirmed that the anniversary of the pledge of allegiance represents a bright light that carries goodness and prosperity, and progress and development of the homeland. As a business sector, we renew our pledge of allegiance to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and we pledge him to exert more efforts to contribute to the growth and development process launched by the Crown Prince, may God protect them, in order to raise the banner of our precious homeland high among nations.
Prosperous era
Hamad bin Mohammed al-Bu'ali, Vice President of the Chamber, said that ( since his inauguration, the country has witnessed many achievements at all levels, embodied the meanings of devotion and sincerity in the service of the nation and citizens and the Arab and Islamic nation. Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman, may God protect them, to take pioneering steps and overcome all challenges and bring about an economic and social transformation that everyone emulates, according to an ambitious vision that strengthened the country's renaissance and became a beacon in all countries seeking to Growth and Sustainable Development)
A huge achievement
Another part, Board member, Ibrahim bin Mohammed Al-Sheikh, said that the replace the memory of the fifth pledge in light witnessed by the country's huge achievements of major transformations managed to be achieved by our Kingdom in the era of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his Crown Prince, Prince Mohammed bin Salman - in various fields, it is a great and historic occasion which emphasize the Biatna and loyalty to our King, and where we record our pride and our pride in our country and its renaissance, which has become exemplary in the ups and growth.
Solid foundations
Ahmed bin Sulaiman Al Muhaidib, a member of the Board of Directors, said that the anniversary of the pledge of allegiance comes at a time when the country is witnessing an active movement at all levels, the development process launched by the shrine of the Custodian of the Two Holy Mosques and Crown Prince Secretary - God bless them - bear fruit day after day, and the work machine is starting In all bodies and entities, in order to reach the goals of the vision and aspirations, where an ambitious homeland and a prosperous economy and a vibrant society, able to keep up with the aspirations and hopes.
The era of development
Another part, Board Member Bader bin Mohammed Al Abdul Karim said that on the day of the pledge of allegiance, we renew our loyalty to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and to His Royal Highness Crown Prince Mohammed bin Salman. The homeland was given to express their support and victory for their beneficial king, who has spared no effort or time since he took the helm to lead the nation's march towards progress, goodness, and prosperity.
Significant gains
Another part, Bandar bin Rafi Al Jabri, a member of the Board of Directors, congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the occasion of the fifth anniversary of his assumption of power, stressing the achievements and tenders witnessed and witnessed by the Kingdom at all levels. Among developed countries.
He said that the anniversary of the pledge of allegiance coincides with the achievement of many achievements, pointing to the significant gains that have become a reality in various areas (political, economic and social), and felt by citizens and residents, and aimed at maximizing the benefit of the state's natural and human resources.
Our majestic kingdom
Presented his part Hamad bin Hamoud Al-Hammad, a member of the Board of Directors, congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz - may God protect him by the memory of the fifth oath of allegiance, saying: (We are in this precious national occasion we renew our pledge of allegiance and loyalty to the Custodian of the Two Holy Mosques, and reminisce about the achievements of our kingdom majestic in his prosperous).
Al-Hammad said that the Custodian of the Two Holy Mosques and his Crown Prince led the Kingdom towards a new path of growth and development, according to a constructive and deliberate vision, which strengthened the partnership of all sectors and stimulated the interest of various segments of society. The greatest impact in what we see today of achievements and tenders in various fields, and we pray to God to pay and success in the realization of the aspirations of our homeland and to give our country from all hatred and perpetuate its dignity and stability.
Optimistic about the future
For Another part, the member of the Board of Directors of the Asharqia Chamber, Saadoun bin Khalid al-Ataish al-Khalidi, expressed his great happiness on the anniversary of the pledge of allegiance, saying: It is a historic day embodies five years during which the Kingdom witnessed under the leadership of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz - may God protect him - a comprehensive renaissance The development and vital projects have immeasurable returns on the country and citizens, which came as a result of wise thought, insight and forward-looking vision for a promising future, pointing out that this vision provided all the ingredients of growth and prosperity for the various economic sectors in the country, and launched programs and initiatives that stimulate work and production. The road has become paved procedural, organizational and legislative to launch projects and initiatives in all areas, and not everyone contributes to achieving the goals of the country with ease and ease, all thanks and appreciation to the Custodian of the Two Holy Mosques and his Crown Prince for their efforts for this country, asking God Almighty to support the wise leadership As you step for the sons of our precious kingdom.
The leader of the march
A member of the Board of the Asharqia Chamber of Commerce, Dhari bin Abdulrahman Ataishan, the memory of the allegiance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, as the memory of a dear and beautiful for every citizen, a meeting point between the people and leadership, between the sponsor and the parish, and between the ruler and the citizens, and therefore harmony between the rights and duties between the shared responsibilities of the commander of the march and its soldiers in the battle of eternal development.
Confident footsteps
For his part, Abdulrahman bin Sulaiman Al Suhaimi said that the commemoration of the allegiance of the Saudi people to the King of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saudi, leads us to stop a little on what has been achieved in the past five years, as the achievements mostly speak for themselves and show what may It is hidden from some achievements that are difficult to measure by recognized standards and standards, but it is a deep-rooted tradition among the people, who have been asserting, day by day, about their leadership and their adherence to the values and principles of this leadership, which are the values of religion, Arabism, nationalism, order, rule of law and justice. And equality, They are values that cannot be relinquished, as they are one of the most important levers of growth and the most important guarantees of progress and advancement, and that the security, safety, stability, and peace witnessed by our beloved country did not come from a vacuum but our country is going according to the foundations by which the allegiance, and the security of the people, and the government was wise when the people trust them.
A wonderful and beautiful memory
Al-Anoud bint Tawfiq Al-Rammah, a member of the Asharqia Chamber, said that the anniversary of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, is a memory that makes us look at binoculars, the first of what the Kingdom has accomplished in the past five years, and the other on what the leadership aspires to. The country and the sale was made between citizens and the leadership to move forward in a steady pace, and with tireless determination and boredom, and aspirations beyond the factors and obstacles of failure, it is the era of prosperity and prosperity, the era of vision, Vision 2030, which confirms that the country is going according to plans and scientific methods , The achievements that we see M come from a vacuum, but was deliberate and intended to reach her, and not to guarantee the success of the plans and the results of the efforts of image clarity, image of the future, and pictures of the desired goals, those are our beloved country.
Renew the pledge of allegiance
The Board member, Nasser bin Rashid Al Bagash, stressed that Saudi citizens every year at this time renew the pledge of allegiance to the leader of the march, Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and see it as their duty to renew, and at the same time to benefit from what it has This leadership is open and fully prepared to receive observations and complaints, according to a mechanism that has not been mastered by many nations, "open doors", which means that the relationship between the citizen and leadership relationship is greater and deeper than the official relationship, has been the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud confirms that He walks the biography of his fathers and finds them This, and his founder father and his brothers justified kings (Saud, Faisal, Khalid, Fahd, and Abdullah), which is that every citizen is a "son and brother", has the right and responsibility on it, in a format with Saudi standards par excellence.
Economic transformation
For his part, Nasser bin Abdulaziz Al-Ansari, a member of the Asharqia Chamber, spoke of the economic aspect during his speech on the anniversary of the Custodian of the Two Holy Mosques, saying that this year is different from other years, especially in the economic side. (Kingdom Vision 2030), which serves as a road map towards the near future and all aspects confirm the success of this project, which is reflected and featured in dozens of giant economic projects, which carry with it the great good of the country and the citizen.
Together to achieve achievements
Najib bin Abdullah al-Sihati, a board member of the Eastern Chamber, said that the anniversary of the Custodian of the Two Holy Mosques bears many meanings and creates a sense of pride and dignity for us, and a true translation of loyalty, loyalty, love, and homeland. It gives us all the requirements of ambition and confidence, and this came only because the wise leadership, which we celebrate the anniversary of the pledge of allegiance to her, has always monitored everything that would happiness, well-being and progress of the citizen, so it continues day and night on the comfort of the citizen, who gave her confidence, and has been confirming his rally around his leadership Even in the darkest conditions,
A lasting ambition
A member of the Board of Directors of the Eastern Chamber, Nouf bint Abdul Aziz Al-Turki, said that the Saudi citizen is proud to belong to this country, and his head is raised to the top because it is a country called Saudi Arabia, and its leader is a person known as one of the best titles, "Custodian of the Two Holy Mosques," and when we announce our sale As a loyalty to this leadership, we declare our full alignment with all the positive values upon which our noble state and our wise government proceeded. It is enough that our country is governed by the law of Islam, with the meanings of this law, most notably justice, human dignity, and responsible freedom, as well as openness and engagement with The new thought .. Because the country is going this way, progress has become synonymous with it, and the search for the best path that does not stop, so we find our country young people with permanent youth, not affected by the factors of erosion, and not affected by obstacles and challenges, it has the potential to make it able to Face any challenge, long as you immortal, dear country.
Nations rise with their citizens
The Secretary-General of the Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabel, said that the anniversary of the sale of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud puts us before several facts, most notably the intimate and strong relationship between the citizen and the leadership, and the relationship between the people of Saudi Arabia, who spoke on This is another fact confirmed by the anniversary of Al-Bai'ah, which is that our country depends on its people in every way, and looks forward to every successful and creative Saudi in all fields.
He pointed out that we, as citizens, we renew the pledge of allegiance, we affirm what we believe is that strength in cohesion and compassion, and creativity in fair competition, and that the nations promote their children, those values affirmed by our true Islamic religion, and under which our wise government led by the Custodian of the Two Holy Mosques and HH Crown Prince, architect of Vision 2030.
Japanese companies are looking for partnerships in the entertainment industry in the Kingdom
27/11/2019
Japanese companies are looking for partnerships in the entertainment industry in the Kingdom
A number of Japanese companies discussed ways to promote investment in the entertainment sector, in a meeting held on Monday, November 25, 2019, the Asharqia Chamber in cooperation with the Japanese Cooperation Center for the Middle East entitled "Investment opportunities with Japanese companies in the field of entertainment" at the headquarters of the Chamber.
Board Member Dr. Mohammed bin Saleh Al-Sayed said in the presence of Board Member Saadoun Al-Ataish Al-Khaldi, Secretary-General Abdulrahman Bin Abdullah Al-Wabel, and Senior Director of Planning and Projects at the Japanese Center, Koji Moto. The companies that participated in the meeting had previously worked in the Kingdom, where they carried out large projects related to the establishment of national and special events for the queen, and presented a distinctive model on the ground, where introduced technology and modern ideas in the technology of "animation" and "digital" in the entertainment industry. He also called on local companies to benefit from these experiences as well as Japanese companies to exploit the investment opportunities offered by the Kingdom in the field of entertainment and search for successful partnerships with local investors, adding that this contributes to the development of corporate performance in both parties.
Mr. Ban said the entertainment industry in the Kingdom is the sector promising and see the Kingdom of Saudi Arabia 2030 opened the way in the entertainment and tourism industries for local investors and foreigners to develop the infrastructure for building and organizing mega entertainment events, building cinemas and other leisure facilities.
He said that the Kingdom needs about 270 billion riyals to develop its infrastructure in the entertainment sector over the next few years, according to estimates by the General Authority for Entertainment in the Kingdom. He said that the tremendous development in the entertainment industry has become an urgent necessity to settle the funds that leave the Kingdom abroad to spend on entertainment, where information indicates more than 110 billion Saudi riyals spent on tourism and entertainment outside the Kingdom.
Local and Arab experts will participate in the "Contracting Forum" next December
27/11/2019
Organized by the Asharqia Chamber under the patronage of the Prince of the region
Local and Arab experts will participate in the "Contracting Forum" next December
A board member of the Asharqia Chamber of Commerce and Chairman of the Contracting / Hamad bin Hamoud Al Hammad that "Contracting 2019 Forum" organized by the Chamber on the fourth of next December will host a number of local experts and the Arabs to talk about a number of topics of interest to the sector and its employees and the relevant authorities relationship, with a focus on the role assigned to the sector in achieving the Kingdom's vision 2030.
Al-Hammad added, The forum, held under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, and in the presence and the honor of His Excellency the Minister of Trade and Investment Dr. Majid bin Abdullah cane will be God willing, an important station to read many of the topics that constitute put forward by value-added sector, which in turn constitutes an added value to the national economy in general, as an effective tool for the implementation of projects, important to attract local and foreign investment and channel.
In this regard, he said that the forum, which will be held at the chamber's headquarters in Dammam, will discuss (the role of the contracting sector in achieving the vision 2030), where under this axis will examine the expected impact of mergers on the sector and rehabilitation and development, and discuss the role of labor policies and legislation and its role in supporting the sector The role of large companies in enhancing the performance of the sector, with a focus on the very important issue of "faltering projects causes and solutions", as an issue is a major concern for investors and dealers with the sector, where the picture will be presented by a number of stakeholders and specialists and dealers with the market directly.
The topics that will be discussed at the Forum by Chairman of the Contracting idea of partnership between the public and private sectors and their impact on the sector in general, sector-wide, and investments worth billions, and projects that address the implementation of the billions, and thus attests sector partnership effectiveness between the public and private sectors, given that a number of the most important projects implemented by the private sector belonging to the ownership of the entity or government entities specific, but that the government and its projects are the most prominent beneficiary of the tenders and contracting services sector, but the mega-projects carried out by the contracting is a government class basis sector.
The Forum also looking associated with the effects of "financing, classification" and their role in determining the qualification of contractors for the implementation of any project displays from government agencies or civil, funding is a focal point in the performance of contractors and their success, while the classification adopted by the authorities concerned determines the possibility of any institution to do the project supply store.
He pointed out that other topics will be discussed in the forum such as the role of the Contractors Authority, the idea of the Bank of contractors as a performance to enable the sector, and others
He expressed his hope that the forum will be a good support for the sector, through the presentation of a number of ideas and proposals supporting the sector in various fields and activities
Asharqia Chamber: Approval of Local Content Preference List Historic Decision Supporting the Vision 2030
27/11/2019
Asharqia Chamber: Approval of Local Content Preference List Historic Decision Supporting the Vision 2030
Officials at Asharqia Chamber described the Cabinet's approval of the list of preferences for local content, small and medium enterprises and companies listed on the stock market, on Tuesday, November 26, 2019, as (historical supports the objectives of the Kingdom's Vision 2030), and ensures in terms of expansion and continuity of national factories and small and medium enterprises, on the one hand. Others contribute to stimulate all local companies to switch to supply the contribution to the national economy.
They also extended their sincere thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, His Highness the Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, and the Local Content Authority for their great and positive efforts to promote local content in the national economy.
(Vitality and effectiveness in the cycle of the national economy)
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the approval of this preferential list of local content, prepared by the Local Content and Government Procurement Authority in cooperation with the relevant authorities, represents one of the most important stimulating steps taken by the Government of the Custodian of the Two Holy Mosques and His Highness the Crown Prince. in order to maximize the added value of the projects involved in the Kingdom's vision 2030.
He explained that this preferential regulation of local content, SMEs and companies listed in the financial market in business and procurement carries with it many benefits on the economic level, as it brings vitality and efficiency to the national economic cycle, when the domestic product is preferred, giving priority to both enterprises Government or strategic companies, this means additional support for the investor and the local trader, which drives him to more production, and even creativity in providing the product with the required specifications, noting that the end result of all this is to raise the level of performance in economic life.
Al-Khaldi added that the new decision not only included the enhancement of the stock market situation, which is going through its best periods, the most fertile and the most productive, to enter the largest oil company in the world to this market, pointing to the IPO numbers encouraging more investments in this market, which is This decision is an encouraging sign for the Kingdom's economic situation. This decision encourages investment in the stock market. Companies are transformed from closed, individual or family companies to joint-stock companies.
(A step in the right direction)
Another part, Board Member and Chairman of the Committee of Industry and Energy in the Ashaqrai Chamber, Ibrahim bin Mohammed Al-Sheikh, said that the decision of the Council of Ministers to approve the regulation and its enhancement of local capabilities and products, and give priority to the preference of national products, is a step in the right direction, It complements several initiatives and programs, which are in line with the Vision 2030's objectives, and provide wider opportunities for the private sector through new procurement mechanisms and methods that will give preference to local content, and give SMEs the price advantage in business contracts.
Commenting on the inclusion of the issue of preference for SMEs and listed companies in the government competition and procurement system, Al-Sheikh said that this step is a pioneer and distinct, as it supports our development options, aimed at strengthening the position of SMEs in the national economy, and encourage companies to Becoming a shareholder, increasing the volume of investments, and injecting more liquidity into the markets, this of course has great consequences for the national economy movement, as it opens more revenues for citizens, and opens the prospects for work for family and individual companies to become Contributed to ensuring its continuity and productivity, which represents a positive overall and public outcome.
(The construction sector is one of the most beneficial sectors)
Hamad Bin Hamoud Al Hammad, a member of the Board of Directors of Asharqia Chamber and Chairman of the Contracting Committee, explained that the new decision is a real and direct supporter for the local investor, whether it is a factory, a trader, or a contractor, and that the preference for the small enterprise will maintain it and ensure its continuity in the market.
On the other hand, Al-Hammad said that the decision in all its details gives additional opportunities for a wider role for the private sector in development, and thus contribute to the GDP, and achieve the added value of the national economy and the most prominent features of the provision of the national commodity and support, and provide and promote job opportunities, all in favor of the national economy and supports the comprehensive resettlement strategy targeted by the Kingdom's vision 2030.
(It limits the leakage of funds abroad ratio)
Hani bin Hassan Al-Afaliq, Chairman of the Chamber's Commercial Committee, explained that the historic decision issued by the Council of Ministers will support the commercial movement in the Kingdom and will deepen relations between all parties of the development process (consumer, producer, port, and merchant). Companies (giants), producer (national factories), outlet (contracting companies), trader (commodity marketer), and if this cycle has local content, capital movement will be pumped into the national economy and will reduce leakage Obligatory to deal with the national product.
He added that the Cabinet's decision supports small and medium enterprises, which means strengthening their position in the national economy and opening the horizons of work towards them, thus becoming one of the most important tributaries of localization in goods and services, and then national forces. Confirms the vision of the wise government, as a vital indicator of economic growth, and thus attract domestic and foreign investment, as well as being a guarantee of the continuity of companies in the tender, especially family and individual companies, which may stop with the departure or stop its owner or first owners, hence the support of the transformation option means to achieve greater transparency and control, development and follow-up investment in the Saudi market.
Sports and Entertainment produces an economic value contribute to supplement the national economy of the countries
27/11/2019
During a specialized lecture in the Asharqia Chamber
Sports and Entertainment produces an economic value contribute to supplement the national economy of the countries
Gary Adeline, former director of the Liverpool Club Foundation, confirmed the close link between the sports and leisure sectors, pointing out that the twinning between the two sectors produces economic value-added contribute to the national economy of countries with distinct investments.
During a public lecture organized by the Saudi Sports Incubator and leaders of change to organize exhibitions and conferences in cooperation with the Eastern Chamber and the Leadership Development Institute, Adeline said a lecture on Tuesday, November 26, 2019, entitled: The relationship of sport to entertainment and its role in achieving investment and tourism in Saudi Arabia, where he said that global clubs rely on financial flows that comes from its investment in players contracts, sports facilities, and real estate assets owned by the club, as the organizers of the sports season are taking advantage of this season to industry events and entertainment programs intended for families and children and all members of the community.
During the lecture, which was attended by Chairman of the Eastern Chamber of Commerce Abdul Hakim Al-Amar Al-Khalidi, Mohammed Al-Mishal, former Secretary-General of the Saudi Olympic Committee (spokesman), Abdulrahman bin Abdullah Al-Wabel, Secretary-General of the Chamber, and Director General of the Sports Authority in the region Hamed Al-Soraie, With the sporting events to know for sure that this will have a tremendous economic impact, pointing out that all areas of sports facilities are exploited well and put an investment vision before the establishment so that it can serve the goal of its construction and also contribute to the activation of the social role, beneficiaries m Thus, investment in them will be valuable and have a positive impact on the entertainment industry, the enterprise itself and the community.
Adlene said that the sports and entertainment industry has flourished in Europe and we are seeing many different people following the sporting events held between the old clubs in Britain and this contributed to the revival of the tourism sector in the UK or in Europe, and also worked to create infrastructure, to receive sports tourists , and also provide services for them even noting that the development made in the sports sector impact in the sectors of leisure and tourism, in all its aspects, where many open positions, and there became the subject of sustainability in the investment itself.
Almeshal explained that the media has a major role in promoting investment in the sports and entertainment sector, so that it can transfer events and events professionally to encourage the business sector to invest its money in those events, noting that this partnership between sports, entertainment and media can create economic value for the region that hosts various events and transition Take them to new heights.
Almeshal said that sport was an entertaining goal and an outlet for the person he spends part of his time in the entertainment itself exercise any sport, and in the current period are considered the sports industry list and operator of other various sectors, noting that many countries have benefited from the industry in the development of its facilities, and put its name on the list of developed countries in this area.
He pointed out that sports and entertainment are quiet investments that are going upward, with a balanced pace, unlike the rest of the sectors that are witnessing ups and downs in other periods, pointing out that the global investments in cycling reached up to $ 135 million per year, while investments reached In electronic games, $ 137 million per day and $ 95 billion per year, investments in the fight against obesity amounted to 187 billion per year, and investments in tools and supplements in weight loss amounted to $ 91 million per day and $ 62 billion per year. a One, as the value of investment in the sports sector Sponsorships 65 billion in 2018.
The Prince of the Eastern Province will sponsor the Forum of Investment Opportunities in Qatif next December
24/11/2019
With prominent participation by government officials and private sector representatives
The Prince of the Eastern Province will sponsor the Forum of Investment Opportunities in Qatif next December
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, is sponsoring the third edition of the "Investment Opportunities Forum in Qatif 2019 '' organized by the Asharqia Chamber on Monday 23 December 2019 with the prominent participation of government officials and representatives of the private sector.
The Chairman of the Asharqia Chamber Abdul-Hakim bin Hamad Al Amar Khalidi said the new version of the Forum will be held on two, is the first axis ways to enhance the attractiveness of investment opportunities, where the forum looking under this axis challenges of investment in economic activities, and mechanisms to promote the attractiveness of investment opportunities Investment and directing novice investors, While the second axis looking (economic fundamentals and their driving investment and the importance of its role), where he reviews the competitive advantages of attracting investment in the province, and highlights the role of the bodies, institutions and major corporations in supporting investment, with monitoring the economic fundamentals and the role of the driving institutions for investment.
Al-Khalidi said that Asharqia Chamber is seeking because a qualitative leap taking place in the private tenders sector, which relies upon good government in the realization of the vision, as a channel positive to attract national experiences in favor of the national economy, in the form of goods premium services .. So we see that the province of Qatif provinces important in the eastern region, which could be an arena for projects and programs with added value to the national economy.
Another part, Chairman of the Council of the Asharqia Chamber of Commerce in Qatif Abdulmohsen bin Abdulmajeed Al-Faraj said that the business prospects are wide and the investment fields in Qatif governorate are many and varied, supported by the generous government direction to diversify sources of income, improve the investment environment, and attract local and foreign investments. and assured the importance of topics that will be discussed during the forum sessions.
He pointed out that the province of Qatif characterized by a set of specifications that make them fertile oasis for investment, most notably the geographical location link between the administrative capital of the Eastern Region (Dammam), and Capital Industrial (Jubail), and this involves the areas of work in the commercial, logistics, industrial and other areas, this as well as maintaining a view of the Arabian Gulf and involved in this area of work in the relevant activities of direct sea.
Al-Faraj expressed his hope for the success of the forum, similar to the last two versions, appreciating the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region.
MONSHEAT and KAFALA announce specific initiatives to support SMEs
24/11/2019
During a workshop held in the Asharqia Chamber
MONSHEAT and KAFALA announce specific initiatives to support SMEs
The General Authority for Small and Medium Enterprises (MONSHEAT) affirmed its keenness to support these enterprises through many initiatives, programs and activities, not necessarily financing, but includes consultations, follow-up, training and awareness, most notably the launch of a specialized bank for these enterprises, and work on the electronic tape between the facilities and the authority , And the funding agencies on the other hand, as well as the allocation of funds to achieve the principle of sponsorship adopted by the government program,
This came during a workshop held in the Asharqia Chamber on Wednesday 20/11/2019, moderated by the Vice-Chairman of the Finance Committee in the Eastern Chamber Zaid bin Abdullah Al-Ya'esh, and spoke during which Badr Al-Radhan (Director of Corporate Finance Department of the Authority), and Mohammed Al-Khowaiter (from the Kafala program), as The importance of the role of these enterprises in achieving growth and supporting the requirements of the Kingdom's Vision 2030 was emphasized.
Al-Radhan said that "MONSHAET" had adopted a number of initiatives worth about 12 billion riyals, including: “bold investment, indirect lending, recovery of government fees, and strengthening of the Kafala program”. Among them are several sub-programs: bold investment falls under the programs of investment in start-up companies, investment in funds and investment with participation has been under these programs 21 deals, worth up to 2.8 billion riyals, note that the amounts approved for investment by enterprises in more than one billion riyals.
And the recovery of government fees initiative are designed to support small and medium enterprises and growth has during the first years of work, and this is done through compensation for the value of 8 fee government, has benefited from this initiative 7,000 facility through 24.435 process, and has been restored government charges $ 650 million riyals.
He pointed out that the financing adopted by establishments is proceeding according to three models (lending finance, capital financing, and alternative financing), and we are working to implement the idea of crowdfunding, while lending finance includes restructuring and raising the capital of the Kafala program, and tend indirect lending (finance companies) Registration of collateral, working with credit information companies to include SMEs, launching the SME Bank, and establishing an alternative lending system for SMEs and peer lending.
The capital funding is to launch several funds, including funds for the financing of the Fund, and the investment fund run government and the alternative financing is to provide financial and technical solutions to stimulate funding from non-profit entities.
He explained that the target sectors are well-known economic activities, namely: agriculture, services accommodation and catering, and the activities of the administrative and support services, transportation and warehousing, real estate activities, education, health, manufacturing, arts and entertainment, information and communications and others .. stressing at the same time that the Commission as being evaluation of the performance of the process of taking into account several indicators, including the use of the loan ratio of the target sectors, or for customers, and the number of beneficiary enterprises.
As for funding awareness, he explained that some beneficiaries lack some information needed to obtain funding, so that some of them do not need funding, so we have cooperated with 35 government and non-governmental bodies to inform the beneficiaries of financing options for entrepreneurs, and mechanisms to benefit from them, has benefited from this program 818 people during the This year, he explained that the Authority is seeking to automate the financing process to facilitate the access of enterprises to lending and investment opportunities, through a financing portal that connects entrepreneurs with funding bodies.
Another part, Mohammed Al-Khowaiter (from Kafala Establishment Financing Program) said that the program was established in 2006 as a joint development initiative between the Ministry of Finance and Saudi commercial banks. A percentage of the risk of the financing agency in the event that the sponsored activity fails to repay the financing or part of it.
He added that the program adopts the principle of providing financial guarantees to enhance the opportunity for small enterprises and medium necessary funding through strategic partnerships and national cadres and tools innovative technology backed by knowledge bases, adding that the program government has partnerships with 30 point, including 26 bank hand and financing, as well as four government agencies.
He said that the benefit of the program starts with the application, which is submitted to the funding bodies and then to the program .. Stressing that the targeted enterprises are small, medium and micro enterprises and the value of the guarantee between 2.5 million riyals to 15 million depending on the establishment and its activity and the funding agency,
He said that the program, which was launched during the period from 2006 until the end of the third quarter of this year has ensured 7,321 facility, granted by about 30.9 billion riyals, and the value of guarantees issued by the program 16.9 billion riyals.
"Social Development Bank," calling for the introduction of a new mechanism for the pricing of products and services
24/11/2019
During a specialized training program:
"Social Development Bank," calling for the introduction of a new mechanism for the pricing of products and services
The Director of the Women's Branch Bank of Social Development in the Eastern Region Fawzia Al-Qahtani called to the development of new means, for the pricing of goods and services .. confirmed that the pricing process should proceed in accordance with a clear mechanism, taking into account the reality of the market, the level of supply in the market, and the intensity of competition.
She explained during a training program organized by the bank in cooperation with the Center for Businesswomen in the Asharqia Chamber (Wednesday 20/11/2019) that the bank provides direct financial services is to provide interest-free loans to small and emerging enterprises, and to owners of trades and professions of citizens, as well as non-financial services through "Delney Business Center", ranging from training, consulting, mentoring, training and marketing.
In providing these services, the Bank proceeds from its vision of being a leading entity in empowering social development tools and enhancing the financial independence of individuals and families towards a vibrant and productive society. To contribute to social development, build companies with multiple sectors, spread awareness, and promote a culture of self-employment among all segments of society.
Based on all this, Al-Qahtani called for the development of new methods for pricing goods, goods, and services, based on the concept of being the value that the consumer pays for a particular commodity or service, often to achieve certain objectives, most notably “maximizing profits” or “maximizing sales”. "Or" keeping pace with the market ".. explaining that the price - in this sense - is linked to many factors, included " the price, and" influential "in it, and the first comes the factors" quantity sold, profit margin, taxes and shipping, And marketing costs, production costs, storage, and raw materials, packaging costs, presentations, and Somat ", while the second is represented in factors:" Quality, target income segment, consumer culture, raw materials offered by competitors, shape, and reputation, distribution intermediaries.
Al-Qahtani believes that the best way to price SME products is the first method (pricing on the basis of cost, being simple and clear, and commensurate with the production capacity of the small enterprise .. Therefore, a good price is where the entrepreneur avoids bad methods, and takes into account most of the factors affecting profits and sales, which required all want to commodity pricing or service to answer several questions, including: "Is the product better than competing products, and whether can be marketed in a good way, and whether to accept the market by this price?" After answering these questions can determine the appropriate number the price of the product.
She called for the development of offers, the promotion of products, and the identification of a certain time, which is a successful way to increase sales, and if the price of the product is appropriate, consumers will promote it.
Chairman of Asharqia Chamber: The Financial Guarantee Program promotes SMEs and enhances their roles in the national economy
20/11/2019
Chairman of Asharqia Chamber: The Financial Guarantee Program promotes SMEs and enhances their roles in the national economy
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi, stressed the importance and vitality of the Council of Ministers' decision on Tuesday, 19 November, to establish a program (financing guarantee for small and medium enterprises), which will be supervised by the General Authority for Small and Medium Enterprises The development of this vital sector, especially as finance comes as one of the most important tools through which this sector can be mobilized and enable it to strengthen its roles in the national economy.
Al-Khaldi said that the State has paid great attention to small and medium enterprises, and provided them with many incentives between procedural, organizational and financing, and provided its leaders with the appropriate climate to apply ideas and innovations, and facilitated a lot of procedures for doing business, as part of a strategic orientation to make these enterprises one of the main pillars the economic development of the country, being one of the most important engines of economic growth; it works to encourage creativity, innovation, and job creation and promote export growth.
Al-Khaldi is optimism about the recovery prospects for the future of small and medium enterprises; referring to the group of stimulus measures taken by the State from time to time, noting that the program (funding guarantee) would pay projects emerging forward, as stimulates the direction of hand finance institutions entrepreneurs from owners of establishments SMEs, enabling them to expand their projects and translate their ideas and innovations into leading and influential business and investment enterprises.
Intensive preparations for the organization of the "Contracting Forum 2019 '' beginning of December
20/11/2019
Organized by the Asharqia Chamber under the patronage of the Prince of the region and the participation of the Minister of Trade and Investment
Intensive preparations for the organization of the "Contracting Forum 2019 '' beginning of December
The Eastern Province Chamber continues its preparations to launch the 2019 Contracting Forum, which is organized on the fourth of December next under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Governor of the Eastern Province, with the participation of His Excellency the Minister of Commerce and Investment and Minister of Municipal and Rural Affairs in charge of Dr. Majed bin Abdullah Al Qasabi, in addition the representatives of a number of government departments and institutions concerned, and prominent private sector institutions. And a number of experts and specialists in this regard, businessmen, engineers, and consultants.
The Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the forum is being held in an accurate and optimistic conditions, represented by the enormous data generated by the Kingdom's Vision 2030 projects. 2030), will discuss strengthening the partnership between the public and private sectors, and the role of labor policies and legislation in support of the sector, the role of large companies in enhancing the performance of the sector, the reasons for the stalled projects and proposed solutions.
Al Khaldi added that the forum will discuss in its second axis entitled (regulatory frameworks in the empowerment of the contracting sector), which will be examined and discussed a number of important topics and related to the axis, including the impact of financing, classification, training, and qualification on the performance of the sector.
Al-Khaldi stressed that the contracting sector is a major partner for public government institutions in the implementation of giant national projects, and has the necessary capabilities that make it trustworthy, and pushes him to look forward to more support, care and empowerment so that he can develop his tools, rooting his experience, and raise the efficiency that qualifies him to deal with projects Massive development, having achieved all the vision requirements with high levels of performance and effectiveness.
Alkhaldi said that the contracting sector - in line with many developments - finds itself interested in achieving all the requirements of Vision 2030, so it does not spare no effort to provide all the possibilities and tenders that meet those requirements, and puts it in confidence, and provides high-quality products that have an impact on public life Economic and Social in the Kingdom.
For his part, the Board Member and Chairman of the Chamber's Contracting Committee Hamad bin Hamoud Al Hammad appreciated the patronage of His Highness the Prince of the Eastern Province of the Forum, which is part of the activities of the Committee for the current year 2019, which witnessed the distinguished participation of investors in the sector, including investors, engineers, consultants, and representatives of government agencies directly related to the sector. Here lies the importance of this forum and the topics that will be discussed through it, which we hope will contribute to the service of the sector with a number of proposals and recommendations that help it and confirm its effectiveness in the economic life of our beloved country.
Al-Hammad pointed out that Asharqia Chamber had already set up other versions of this forum, which were positive according to the period I discussed, as they focused on projects and ways to preserve them from the obstacle of stumbling and stopping, and reviewing the factors behind this, other than this forum, which is held there is no way for stopping, as well as the high level of quality required by new projects adopted by the country's leadership in accordance with Vision 2030, which raised slogans of “competitiveness, transparency, quality and speed”, which means that the current challenges are different from the previous one.
Jubail Council reviews ways to support local content with SABIC
20/11/2019
Jubail Council reviews ways to support local content with SABIC
Business Council hosted a branch of the Asharqia Chamber of Jubail province, Engineer Fouad Moussa, head of the local content in SABIC, which reviewed the company ways to support small and medium enterprises sector in the governorate branch of the Chamber.
During the meeting held on Tuesday, November 19, 2019, Moussa explained that the company provides distinctive facilities to the small and medium enterprises sector to be partners in providing local content conforming to international standards, through many supporting programs qualifying, pointing out that a number of companies have become eligible to provide local product specifications international with competitive prices.
The Chairman of the Chamber's Business Council said that the meeting was positive as it reflected the great support enjoyed by the sector.
On the other hand, the Business Council held its meeting which was devoted to discussing the activities of the Council during the fourth quarter of this year.
Prince of Eastern sponsors the forum of investment opportunities in Qatif next December
20/11/2019
Prince of Eastern sponsors the forum of investment opportunities in Qatif next December
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, is sponsoring the third edition of the `` Investment Opportunities Forum in Qatif 2019 '' organized by the Asharqia Chamber on Monday 23 December 2019 with the prominent participation of government officials and representatives of the private sector.
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the new version of the forum will be held in two axes. The second axis discusses the economic elements and the movers of investment and the importance of their role, where it reviews the competitive advantages attractive to investment in the province, and highlights the role of major institutions, corporations and companies in supporting Investment, with monitoring the economic fundamentals and the role of the driving institutions for investment.
Al-Khaldi added that the great success of the forum in the past two years has been a motive to repeat the experience, but with new topics and other speakers, in order to keep pace with developments in our beloved country, especially in the economic field, in light of the Kingdom's Vision 2030, which focuses on diversifying sources of income, and support and private sector sponsorship.
Al-Khalidi said that Asharqia Chamber is seeking because a qualitative leap taking place in the private tenders sector, which relies upon good government in the realization of the vision, as a channel positive to attract national experiences in favor of the national economy, in the form of goods premium services. So we see that the province of Qatif provinces important in the eastern region, which could be an arena for projects and programs with added value to the national economy.
For his part, the head of the work of the Asharqia Chamber Council, said the province of Qatif Abdul Mohsen bin Abdul Majid Faraj said the prospects for work and wide, and areas of investment in many and varied province of Qatif, supported by the government to go Karim to diversify the sources of income, and improve the investment environment, attracting local and foreign investments, from here make sure the value of the forum and the importance of topics that will be discussed during the forum sessions.
He pointed out that the province of Qatif characterized by a set of specifications that make them fertile oasis for investment, most notably the geographical location link between the administrative capital of the Eastern Region (Dammam), and Capital Industrial (Jubail), and this involves the areas of work in the commercial, logistics, industrial and other areas, this as well as maintaining a view of the Arabian Gulf and involved in this area of work in the relevant activities of direct sea.
Asharqia Chamber provides specialized consulting for small projects in Khafji
19/11/2019
Asharqia Chamber provides specialized consulting for small projects in Khafji
Asharqia Chamber organise (Khafji Branch) on Wednesday (20 / November / 2019) Consulting "specialized" targeted sessions for small entrepreneurs and medium-sized, which includes a number of tips and guidelines and proposals for appropriate solutions to the obstacles faced by the owners of these establishments in the areas of marketing, management and finance.
This program aims all who wish to start their businesses and owners of small and medium-sized enterprises, as well as those interested in this regard, providing room staff Co under this program advice and guidance and advice to develop their businesses and their projects.
It is noteworthy that this program is implemented by the room represented by small and medium enterprise development center for free throughout the year through three branches in Jubail Khafji and Qatif.
No complex requirements for Saudi banks to support SMEs
19/11/2019
In a workshop held yesterday in the Asharqia Chamber:
No complex requirements for Saudi banks to support SMEs
Banks support not only funding but also included marketing, consulting and training
The workshop (banking services in the Kingdom for small and medium enterprises), carried out by the Asharqia Chamber in cooperation with the Committee of Information and Banking Awareness of Saudi banks, stressed the importance of organization, seriousness and clarity, as the most prominent specifications that ensure that these facilities receive support from banks, even if these facilities are emerging.
The Secretary-General of the Banking Information and Awareness Committee at the Saudi banks, Talaat Hafez, said that the SME sector is a sector that needs more support because it is the main engine of trade movement and carries added value to the national economy. and raise the level of its contribution to the gross domestic product (GDP), under the Kingdom's vision 2030
He added during the workshop that was held on Monday 18/11/2019 at the Asharqia Chamber that the 29 banks in the Kingdom (including 13 Saudi banks), which support these facilities, take two ways, the first within the social responsibility and that directed to entrepreneurs, and may come within the framework of research For profitability, the risk profile is fully responsible for people's deposits, so it seeks to have support in place, even though SMEs are more flexible and easier than large mature ones.
During the workshop, which was attended by a large number of businessmen and businesswomen from various activities, Hafez pointed out that the bank is no longer the role of a financier not only for enterprises, but also plays additional roles, such as providing consulting services, technical support and training, and marketing, but that some banks have an integrated portfolio of support. produced them independent investment companies, so the severe banks to support this sector, the requirements may turn a blind eye to the financial statements, and based on the current account movement, and all of these requirements are for the benefit of the investor.
He pointed out that the ball may be in the court of the investor, who has to organize himself, and provide banks with a real picture of his seriousness and activity, so that he can support it, noting that the most vulnerable to failures and exit the market are those that have no plan and no system and no road map clear, therefore, it is in the interest of the businessman to be an organization, then gets the support, and the risks are less, banks if you find seriousness, commitment and clarity of the investor will not hesitate to support him in various ways and means, does not imagine that a bank supports a project is not clear, and the owner does not he has a goal, and he has no concept of his project.
He noted that there is a follow-up from the top of the state to the question offered by banks for small enterprises and medium-sized, which means that support these facilities represents a year trend in the state, approved by the Vision 2030. Pointing out that any bank if some of the requirements placed to provide wanted to support it output from the accumulated experience, we have a hundred-year-old banks, you may see dangers perhaps absent from the owner of the project, whereupon drew attention on them, and fair competition among banks to provide support, if you do not react the customer with a view what the bank can move towards another bank.
Hafez said that the support provided by banks arrived at times until the project was financed and its profits, which was 100%, the value of the support up to 5 million riyals for a small or medium project.
Another part, the head of the local corporate banking team at Samba Bank Bader al-Turki said that the banks in the Kingdom have committed themselves to supporting small and medium enterprises so that they can grow and increase their contribution to the national economy, in order to achieve one of the objectives of the Kingdom's Vision 2030, as if it grows will reflect positively on the national economy. In this regard, the banks' support for these establishments has witnessed wide developments, and we are witnessing an increase in the number of beneficiaries of these services.
He said that startups can also be supported to get support up to 1.8 million riyals, and this is only after reviewing his plan and project and what he wants to do, but that new customers do not put them additional guarantees.
He added that there are many ways to finance projects provided by banks to small and medium enterprises, which are up to grow, and that others provide support for start-ups make them stand on their own and then go to the banks to get additional support.
The workshop witnessed lengthy discussions that lasted for about two hours, which focused on the axis of benefiting from the services provided by banks to the private sector, in particular, small and medium enterprises.
Chairman of the Asharqia Chamber: IPO Aramco economic event and an extraordinary step puts the Saudi stock market in the focus of global attention
14/11/2019
Chairman of the Asharqia Chamber: IPO Aramco economic event and an extraordinary step puts the Saudi stock market in the focus of global attention
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, described the start of the first stages of offering Saudi Aramco to subscribe to the internal stock market, on Sunday, November 17, (historical), and it is an exceptional economic event that has significant implications for the Saudi and global economy, and because Aramco has the value of the market and the size of the oil reserves outweigh the major oil companies in the world.
It is not the first oil energy source in the world, but also now expanding dramatically in the petrochemical sector, pointing out that the company's launch of the IPO was part of a group of several economic reforms that have worked and are working Kingdom implemented within the targets of Vision 2030, and prompted major companies and credit rating agencies in the world to pay tribute to what the kingdom's economic policies.
Al-Khaldi stressed that the launch of a company such as Aramco to the public, gives more transparency in the global oil markets, and emphasizes the concepts of disclosure and accountability that the Kingdom pursues in all economic sectors, as well as a step that will put the Saudi stock market in the focus of global attention, and increase attractive to foreign investors, and thus entering the new capital, which helps in the recovery of the national economy and create thousands of employment opportunities for the national workforce.
Al-Khaldi predicted , to enhance the offering of the capabilities of Aramco and supports its focus on achieving its vision and future aspirations, and directed sales proceeds resulting from the offering to many of the most promising sectors in the Kingdom especially the industrial sector, given good government, great attention and put it on top of goals creating industries great variety within the Kingdom supports the achievement of sustainable development.
The Prince of the Eastern Region honors the Asharqia Chamber' annual reception for businessmen
13/11/2019
The Prince of the Eastern Region honors the Asharqia Chamber' annual reception for businessmen
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, in the presence of His Royal Highness Prince Ahmed bin Fahd bin Salman on Tuesday evening, November 12, 2019, the annual reception of the Asharqia Chamber of Businessmen at Sheraton Hotel in Dammam.
The ceremony was attended by businessmen from the Eastern Province, government officials, and a group of economic specialists and academics who expressed their happiness to attend the annual ceremony, noting that it was an opportunity to meet and communicate with each other.
The ceremony was witnessed by HH the Prince of the Eastern Province, to the former and current secretaries and deputies whose efforts have illuminated the lighthouse of the Eastern Chamber throughout its history.
Among the trustees who were honored Mr. Abdullah Saleh Abu Al Khail, may God have mercy on him on behalf of his son, Eng, Adel Bin Abdullah. Eng. Ghassan bin Hamdan Al-Suraihi, Dr. Ibrahim bin Abdullah Al-Mutref, Mr. Ibrahim bin Abdullah Al-Olayan, His Excellency Mr. Abdulaziz bin Khalid Al-Ayyaf, and his son Khalid bin Abdulaziz Al-Ayyaf, and Dr. Adnan bin Abdullah Al-Naim, received on his behalf. And the professor Abdul Rahman bin Abdullah Volley, the current Secretary of the East Room, and the deputies honored, Dr. Saleh bin Ali Humaidan received on behalf of his son Ali Humaidan, Dr. Bassam bin Mohammed Body.
The ceremony also witnessed the honoring of Mr. Abdul Aziz Al Hammadi, a member of the Chamber's CIT Committee, for his efforts in spreading digital knowledge and enriching Arabic content on the Internet, choosing him as the largest influencer in the digital media globally within the Google Experts Program, as well as honoring the main sponsors of the ceremony.
For his part, the Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated Prince Saud bin Nayef bin Abdul Aziz, the Emir of the Eastern Province, for his patronage and honoring this year's ceremony. His Highness continued to sponsor and honor the annual reception, which reflects his keenness to communicate with various segments of society, especially business representatives, who appreciate his highness for his support and sponsorship.
Al-Khaldi said that the ceremony was a great gathering where the region's businessmen met with government officials in various state agencies and interested academics, in addition to the owners of expertise and economic experiences of all kinds of people of the region, during which they exchanged ideas on how to expand the participation of the private sector more effectively in the march of the national economy towards sustainable development.
Al-Khaldi stressed the importance the Chamber attaches to the values of communication and interdependence and entrenched among entrepreneurs in the Eastern Region, out of its firm belief in the vital role that these values can play in collaboration and solidarity, both in raising issues and removing the challenges that may face the business sector. He pointed out that the Chamber, in line with its responsibility to develop the economic movement in the region and activate the role of the business sector in it, has set all business owners a goal to raise them to be as economic responsibility in achieving the goals and aspirations.
Asharqia Chamber holds its annual reception for the region's businessmen this evening
12/11/2019
Sponsored by HH the Prince of the Eastern Region
Asharqia Chamber holds its annual reception for the region's businessmen this evening
On Tuesday, November 12, 2019, Asharqia Chamber will hold its annual reception for the region's businessmen, sponsored and honored by His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, at the Grand Ballroom of Sheraton Dammam Hotel.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that His Highness the Prince's keenness to sponsor and honor the annual reception reflects the extent of His Highness's interest in supporting and encouraging the business sector, and his keenness to communicate with various segments of society, especially representatives of the business sector in what they constitute a capable social segment. He expressed his appreciation to all the region's businessmen for the support the region's emir has given to business.
Al-Khaldi praised the performance of the business sector in achieving the goals of the Kingdom's Vision 2030, pointing to the significant increase achieved by that sector in its various vessels since the beginning of the vision, whether at the level of the production base or increasing the number of workers from the national forces in its facilities. It brings together the experiences and people of economic experiences of all kinds from the people of the region, and exchange ideas on achieving greater participation of the private sector in the march of the national economy towards diversification and the optimal use of available resources.
Al Khaldi stressed the importance of this year's event, which represents an annual forum that stimulates interaction and strengthening ties between the business sector and each other in various fields and between him and senior officials and managers of departments and government agencies and officials of the private sector in the region.
Al-Khaldi said that the ceremony of the year comes as a result of the achievements of the Chamber in the service of the business sector, and it is one of the most important activities organized by the Chamber, in the framework of its continued efforts to deepen the bonds and relations between business sector and representatives of government sectors, wishing that the ceremony today will be a fruitful meeting point for men business, to achieve further development and growth of the business sector in the region.
"Customs" and "specifications" confirm coordination to ensure the quality of goods in the domestic market
12/11/2019
Workshop on "Introducing Saber System"
"Customs" and "specifications" confirm coordination to ensure the quality of goods in the domestic market
Two officials in the General Authority for Standardization, Metrology and Quality, and the General Authority of Customs on the keenness of the two bodies to develop and develop local trade, and support the national product, and ensure the safety of the product entering the local market, and that coordination is underway between the two bodies and the process of linking them in the process of implementation in the next few months.
This came during a workshop on introducing the Saber system, which was held in the Eastern Chamber on Monday (11/11/2019) attended by Deputy Director of Product Tracking (Saber) at the Saudi Organization for Standardization, Metrology and Quality / Basil bin Hussein Al-Zahrani, Representative of the General Authority of Customs Faisal Al-Otaibi, and Deputy Chairman of the Chamber Badr bin Sulaiman Al-Rizeiza, and the dialogue was moderated by the Chairman of the Commercial Committee Hani bin Hassan Al-Afaliq,
Al-Zahrani said that the system of Saber of the Saudi Organization for Standardization, Metrology, and Quality is "an integrated electronic service that allows traders of consumer goods to register their facilities in the system, and the data of their products, whether imported or manufactured locally, in order to obtain the required conformity certificates and certificates of conformity of consignments across the platform for products in the Saudi market ", explaining that the goal is:" Improving the import experience and obtaining certificates of conformity and consignments required in the Kingdom, and raise the proportion of products conforming in, and thus protect the consumer, and benefit from both the merchant and Ge, relevant government authorities.
Al-Zahrani pointed out that there are additional advantages granted by the registration process on the system (Saber) by distinguishing the system for products and requirements, and the possibility of creating a consolidated invoice for all applications, and access to the data of conformity assessment bodies and methods of communication with them, as well as fetching the data of the establishment and verification of the commercial register automatically.
Al-Zahrani said that Saber laboratories are the laboratories accredited by the Authority and are directed to register new samples, and used products are not registered in the system, and allowed to enter the market only if objected by the Customs Authority, and that industrial products with industrial exemption are getting clearance Immediately and not required to register in the Saber system, stressing that the fees are imposed on each commodity on its own, and if the goods are of one model, they are placed in one invoice and collect fees for one commodity, and in the case of multiple in the model or in the source of production, fees are levied on each commodity, and any Difference in terms of the goods are treated With it as a new product, it imposes certification fees and registration fees.
For his part, Faisal Al-Otaibi said that customs do not withdraw any authorized samples from the Saber platform, but they are immediately cleared except in case of doubt that they conform to the certificate, or being a personal or non-personal commodity. However, we welcome all investors' observations and seek to address them.
He added that the customs rely on certificates (Saber) only, and any product without a certificate is referred back to the General Authority for Standards, Metrology, and Quality, and nothing is coming from abroad directly.
Intensive preparations by the Asharqia Chamber to launch its annual reception for businesswomen
10/11/2019
Sponsored by the Spouse of the Prince of the region and begins this November
Intensive preparations by the Asharqia Chamber to launch its annual reception for businesswomen.
Asharqia Chamber is preparing for the launch of its annual reception for the Eastern Region Businesswomen, sponsored by HRH Princess Abeer bint Faisal bin Turki Al Saud, the spouse of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Prince of the Eastern Province. November 13, 2019 m, in the Great Hall of celebrations at Sheraton Dammam Hotel.
Al-Anoud bint Tawfiq Al-Rammah, a member of the Asharqia Chamber, said that the Chamber, represented by the Businesswomen Center, has prepared an integrated team from all the concerned departments, all of whom are working to complete this year's reception and bring it out in an honorable manner. hard, played by the Chamber in order to support and assist the participants and businesswomen in the Eastern Province.
Al-Anoud stressed that the ceremony comes as an opportunity to meet and exchange views between businesswomen and each other on topics that concern women's investments in the Kingdom, which has been expanding and spread due to the new economic reforms witnessed by the country since the beginning of the vision of the future. Major in achieving its goals.
For her part, Nouf Bint Abdul Aziz Al Turki, a member of the Chamber's Board of Directors, said that the aim of the annual ceremony is to strengthen the ties and links between businesswomen in the region and each other, pointing to the remarkable progress achieved by Saudi women in the past few years on the economic level. Attracting women to economic work and giving them a greater role in the development process is a matter of great leadership, which puts us all in charge and demonstrates our ability to endure.
Al-Turki added that the ceremony of the year comes within the framework of the implementation of the themes and objectives of the Vision 2030, which considered women as an essential part of the strengths owned by the country, expressing the hope to increase Saudi women to contribute to the economic movement in the country, inviting businesswomen in the region to attend the ceremony, It comes as a forum where all opinions are gathered to discuss the latest developments in the field of women's work in the region and the Kingdom.
The Contracting Forum 2019 reviews emerging challenges and monitors future prospects
10/11/2019
Under the patronage of the Prince of the Eastern Region, with the participation of the Minister of Trade and Investment:
The Contracting Forum 2019 reviews emerging challenges and monitor future prospects
His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province on Wednesday (December 4, 2019) events "Contracting Forum" organized by the Asharqia Chamber, with the participation of His Excellency the Minister of Trade and Investment Dr. Majid bin Abdullah cane, and a number of experts and specialists in this regard, Businessmen, engineers and consultants.
The Chairman of the Asharqia Chamber Abdul-Hakim bin Hamad Al-Ammar Al-Khalidi appreciated the patronage of His Highness the Amir of the Eastern Province and the participation of His Excellency the Minister of Commerce and Investment in this important forum, which is held in vital objective conditions, and the broad prospects for investment in the construction sector, in view of the wise government. Megaprojects carried by the Kingdom's Vision 2030, all of which represent promising investment opportunities available to the private sector in its various activities.
Al-Khaldi stressed that the construction sector is a significant partner in the implementation of giant national projects, and looks forward to more support, care and empowerment so that it can develop its tools, rooting its expertise, and raise its efficiency to deal with the huge development projects, after achieving all the requirements of vision with high levels of performance and effectiveness.
Al-Khalidi pointed out that the horizons are wide, the vision is serious and decisive, and the start is fast, and there is no room for retreat or stop. Therefore, the private sector on which the country's leadership depends and gives him confidence finds himself obliged to add a lot of his tender and raise the level of his performance, to add more achievements It has achieved it in the past years and decades, to continue the march, but with new tools, ideas and tenders more modern and effective, consistent with the developments in our country on a daily basis at various levels, all looking forward to the bidding of construction companies mainly.
For his part, Board Member and Chairman of the Chamber's Contracting Committee Hamad bin Hamoud Al-Hammad appreciated the patronage of HH the Prince of the Eastern Province for the Forum, which is part of the committee's activities for the current year 2019. It will address a number of axes that discuss the challenges facing the construction sector, the role of the sector in the Kingdom's Vision 2030, etc. It involves giant and distinctive projects, which require workers in the sector to prepare for them, according to the latest means and the highest specifications.
Al-Hammad pointed out that the Asharqia Chamber had already set up other versions of this forum, which were positive according to the period I discussed. different, where there is no way of stopping or tripping as well as the high level of quality required by the new projects adopted by the leadership of the country, according to the vision 2030, which raised the slogans of "competitiveness, transparency, quality and speed", which means that the current challenges are different from the previous ones.
$ 32 billion, the volume of trade exchange between Saudi Arabia and India
10/11/2019
During the Saudi investors meeting their Indian counterparts:
$ 32 billion, the volume of trade exchange between Saudi Arabia and India
An Indian delegation is looking for opportunities to market promising technology in the Kingdom
Badr bin Mohammed Al Abdul Karim, a member of the Eastern Chamber of Commerce, called for more economic cooperation between local Saudi investors and their counterparts in the Republic of India, especially in the fields of energy and information technology, especially in the eastern region, which is the capital of industry in the Gulf region.
This came during a meeting held yesterday with a delegation of visiting Indian businessmen who met with a number of Saudi businessmen who are based in the eastern region of their business, and Abdul Karim pointed to the depth of economic and political relations between the two countries, reflected in high-level visits between officials of the two countries, in In recent months, Indian Prime Minister Narendra Modi made a keynote speech at the Third Future Investment Initiative Forum, the culmination of his historic visit to the Kingdom a few years ago, and further support for the historic visit. In February this year, His Royal Highness Prince Mohammed bin Salman bin Abdul Aziz (Crown Prince, Deputy Prime Minister and Minister of Defense) visited India, where at least five bilateral agreements and several memorandums of understanding were paved the way for trade opportunities. And tremendous mutual investment in both countries,
Al Abdulkarim said Indian investments in the Kingdom have also increased dramatically recently, backed by a package of incentives generated by Saudi Vision 2030, which focused on diversifying the Saudi economy away from oil and offering an attractive package of incentives to foreign investors. He pointed out that Indian investments in the Kingdom are concentrated mainly in the fields of energy, information technology, and manufacturing industries.
Al-Abdulkarim invited members of the Indian delegation to consider establishing manufacturing platforms in the eastern region of the Kingdom. There are many world-class oil and gas-related industries and petrochemical plants established in Jubail Industrial City and there is also a huge mining city in Ras Al-Khair developed in the Eastern Province. The square known as King Salman Energy City aims to strengthen the Kingdom's status as a global energy hub.
For his part, Deputy Ambassador to the Indian Embassy, Dr. Pradeep Singh Rajpohat, who accompanied the delegation, which included 15 members headed by Mr. Khalid Khan, Regional President of the Federation of Indian export bodies. The Kingdom meets about 18 percent of India's crude oil needs, and the Saudi market has more than 2.6 million Indians living and working in the Kingdom.
For his part, Mr. Khalid Khan said that India is one of the fastest-growing economies in the world and offers very attractive incentives to foreign investors and that it has developed a world-class technology and a skilled workforce is an advantage for foreign companies to start cooperation.
It is noteworthy that the Indian delegation had met with the Chairman of the Asharqia Chamber of Commerce Abdul Hakim bin Hamad Al-Ammar Al-Khalidi in the presence of the Vice-Chairman of the Chamber Bader bin Sulaiman Al-Rizayza, members of the Board Badr Al-Abdulkarim and Najib Seihati and Secretary-General Abdulrahman Al-Wabel.
Asharqia Chamber concludes its sixth edition of Rad for Entrepreneurs
10/11/2019
Asharqia Chamber concludes its sixth edition of Rad for Entrepreneurs
Provide valuable opportunities for partnerships and promote products and services for young businesswomen
Presented projects that a leader in the industry, energy, and services
In the presence of a remarkable presence of pioneers and businesswomen, and amid the economic atmosphere of excellence, the Asharqia Chamber concludes today, November 6, 2019, the sixth edition of the Entrepreneurship Exhibition (RAD), which provided the opportunity - within three consecutive days - for the economic community and large companies and businessmen from commercial and industrial products and services and projects of young men and women.
Opportunity for initiators
Chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the exhibition served as a forum and a great gathering for emerging establishments from the Kingdom and the Gulf region, and represented an opportunity for young entrepreneurs, both through meeting and exchange of experiences and learn about each other's experiences and open new markets in various economic fields. Traditional, or identify platforms and programs of support and financing in the Kingdom and the Gulf.
Economic Marathon
For his part, Chairman of the Eastern Youth Business Council, Abdullah bin Faisal Al-Braikan, expressed his great pleasure at the success of the Forum is presenting its message by providing an opportunity for the economic community, large companies and businessmen to identify the products and services of youth and young women projects and support them, so that there are facilities qualified to compete internally and externally. The forum presented models of outstanding young people who can take responsibility, pointing out the magnitude of diversity in the projects of young and young exhibitors between projects of technology, services, industry, and trade of all kinds.
12 workshops
The exhibition witnessed the holding of (12) workshops, with the participation of pioneers and entrepreneurs and the most prominent capital managers in the Kingdom and the Arabian Gulf, and addressed several topics related to how to start the small project, presented by the engineer, Fares Al-Enezi, from the National Program for the State of Kuwait, and the tools that the entrepreneur has to own her project industry, introduced by Ms. Haneen Sabbagh, from the Bader program for technology incubators and accelerators, as well as the introduction of the empowerment program in the Kingdom of Bahrain, which was launched in Bahrain in 2006 as one of the steps of the economic reform plan followed by the Kingdom of Bahrain, and supports emerging projects through Crude grants such as support, finance and advisory services.
«Mohammed Alabbar»: I am not convinced only distinguished
The discussion session with the UAE's leading economist, Mohammed Alabbar, was held on the sidelines of the meeting last Wednesday and was titled (My Experience). Speaking about the conditions that must be met in the person who seeks success in trade and investment, considering patience, commitment and sincerity of will and humility are things that must be one of the most important personal qualities of the person who seeks the prosperity of his business.
He also spoke about his beginnings, during which he traveled to Singapore and dealt there with Chinese traders who learned from them the values of commitment and respect for time and reverence for the speed of completion, which contributed to the manufacture of a disciplined personality in the world of finance and trade, pointing out that he is convinced only by the distinguished, for his firm belief that success linked directly proportional selection of cadres of people working with you associated.
Gulf Posts
From the pavilion of the Sultanate of Oman, we met with the Executive Director, Nada Al Rabee, Mr. Ahmed Al Mufraji, who expressed his happiness at the exhibition and the ideas contained in the industry and trade, as well as workshops supporting emerging projects and meet one of the most essential axes that entrepreneurs need Expression - the focus of consultations, pointing out that the workshops included in the exhibition were open dialogue sessions on all topics, pointing out that his company specializes in the production and sale of desalination plants and equipment, raising the slogan invested in your farm, by working to provide farms with local water Able to raise the value The farm to more than 80%.
And from the Sultanate of Oman to the pavilion of the Kingdom of Bahrain, which participates nearly 15 corners, where we draw attention to young men and women business there and their projects of a high degree of creativity and innovation, such as Sawaed Health Company, a rehabilitation electron application, for medical staff wishing to pass health tests, By providing visual explanation clips and opening the way to talk with the trainer online, as well as provide experimental tests through the application so that the trainee to know his ability to pass the test.
Saudi Customs: Engineering Customs Procedures our way to encourage investment and promote the growth of the national economy.
10/11/2019
During a meeting on Tuesday, which hosted four customs officials in the Asharqia Chamber.
Saudi Customs: Engineering Customs Procedures our way to encourage investment and promote the growth of the national economy.
Saudi Customs officials stressed the importance of communication with the business sector, pointing out that continuous communication contributes to the development of the work mechanism to serve all sectors, and raise the level of development of services in line with the aspirations of the vision of the Kingdom of 2030, during a monthly meeting on Tuesday for businessmen and women in the Asharqia Chamber.
The meeting, which was attended by the chairman of the chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, hosted four Saudi customs officials in the Eastern Province: Dhaifallah bin Bader Al-Otaibi, Director General of King Fahd Bridge Customs, and Yousef bin Ibrahim Al-Zakan, Director General of King Fahd International Airport Customs in Dammam. Mohammed bin Sami Hamam, Director General of King Abdulaziz Port Customs in Dammam, and Abdulaziz bin Ibrahim Al Twaijri, Director General of Al Khafji Port.
During the meeting, Al-Otaibi reviewed a number of initiatives taken by the Saudi customs as part of its strategy to develop the clearing-house mechanism and facilitate its services, which are to shorten the procedures.
Al-Otaibi said that the Saudi customs through its strategy to provide distinctive customs services through the re-engineering of customs procedures, which contributes to facilitate trade movement and encourage investment and promote the growth of the national economy, to reach the goal of customs to become the Kingdom of global logistics platform, and to support this Orientation Saudi Customs will provide “pre-judgments”, one of the world's best practices in trade facilitation, and also in line with the provisions of the WTO Trade Facilitation Agreement, which entered into force on 22 February 2017.
On the advantages of the program Prejudices service Otaibi said that the decision classification of flour helps to improve the efficiency of the collected revenues, and helped to define the restricted items for other governmental bodies, and increase customer satisfaction, and reduce the length of Glades customs helps in achieving rated best to facilitate trade as well as to reduce period make way goods in the customs ports, and thus will be businesses able to conduct customs operations at the planned time for him more efficiently.
On the project of improving logistics procedures, Al-Otaibi said that the project focuses on redesigning logistics procedures based on a study of the current situation and understanding of weaknesses to contribute to the realization of the vision of the Kingdom 2030 and support the transformation process in the Kingdom to become the leader of customs work in the world, and support the Kingdom's directions that It becomes a vital transit point in keeping with the Kingdom's position and influence in the global economy. He pointed out the main points of the project, most notably improving the procedures of export and re-export, and improve the procedures of temporary admission and temporary export, as well as procedures for shipments less than container, transit, in addition to improving the procedures of reservations and abandoned, and improve the procedures of the container management system, and procedures of deposit areas.
Al-Otaibi also explained that the project to improve the procedures of air freight, express, and mail, aims to redesign the procedures related to air freight and shipping through express companies and shipping through Saudi Post, that this was based on a study of the current situation and understand the weaknesses to contribute to the realization of the vision of the Kingdom 2030 Supporting the transformation process in the Kingdom by becoming a leader in the customs work in the world, and supporting the Kingdom's directions to become a vital crossing point in line with the Kingdom's position and influence in the global economic movement.
In conclusion, the Chairman of the Asharqia Chamber of Commerce Abdul Hakim bin Hamad Al-Ammar Al-Khaldi honored the guests of the meeting Dhaifallah Bader Al-Otaibi, Director General of King Fahd Bridge Customs, Yousef Bin Ibrahim Al-Zakan, Director General of King Fahd International Airport Customs in Dammam, and Mohammed Bin Sami Hamam, Director General of Port Customs King Abdulaziz in Dammam, and Abdul Aziz bin Ibrahim Altwaijri Director General of Al-Khafji port with commemorative shields.
Gallery "Rad" provides a platform for expansion and opens new markets for entrepreneurship in the Gulf
10/11/2019
Gulf finance funds provide offers to finance entrepreneurs in the exhibition.
Gallery "Rad" provides a platform for expansion and opens new markets for entrepreneurship in the Gulf.
Significant projects in the sectors of industry, energy, and services.
Trade and Investment Minister: We know to develop whatever entrepreneurs need to enable finance, improve the legislative environment, and support fast-growing companies.
Facilities Governor: RAD is a valuable opportunity for young businessmen and reveals the potential of the youth of the Kingdom and the Gulf.
About 300 leading and pioneering work of the Kingdom and the Arab Gulf states, their creations and ideas in commercial and industrial several areas, through their presence is remarkable in an exhibition of entrepreneurship (Rad), held by the Asharqia Chamber in its sixth edition on Monday 4 November, and opened His Highness the Prince of the Eastern Province, at the fairgrounds company Dhahran Expo Khobar - coastal and lasts until Wednesday.
The aim of Entrepreneurship (Rad), which presents projects containing commercial and industrial initiatives, youth exhibition was able to continue to develop ideas and adapt to market conditions, to create a vibrant community to meet the producers and owners of new ideas of young men and women with big companies, businessmen and actors supporting funding for youth projects.
The Minister of Trade and Investment, Dr. Majed bin Abdullah Al-Qasabi, in a video message with the participation of visitors and organizers of the "Rad", that the journey - despite what has been achieved - is still a long time in improving the working environment, pointing out that the investment process requires a good and attractive environment, stressing the need development and improvement of the attractive environment for investment, adding that the process requires improvement in the legislative environment and the development of procedures and the elimination of bureaucracy, stressing the importance of Tkamin lending, and that all of the requirements mentioned above are working on them.
Al-Qasabi pointed out that the Kingdom's ranking in the start of business activity has increased from 141 to 38 globally, where the Kingdom has managed to progress towards 103 centers globally, stressing that the Kingdom has become one of the best countries in the world in establishing limited liability companies and closed companies and shareholding.
He explained that the Entities Authority is working on all topics needed by entrepreneurs, by enabling financing and improving the legislative environment and support fast-growing companies and ease of doing business, and stressed that the Kingdom has opened new sectors such as (culture - tourism - entertainment - logistics - mining) which opens more There are opportunities for entrepreneurs to provide new services, in addition to the presence of mega projects such as Neum or Red Sea, Al Qudiya and others, calling on entrepreneurs to support the ministry with new ideas and direct communication with them, because communication plays a great importance in identifying and addressing challenges.
Precious opportunities
Saleh Al-Rasheed, governor of the General Authority for Small and Medium Enterprises (SME), said during the visit that the exhibition represents a valuable opportunity for young businessmen not only in the Kingdom but also in the entire Gulf region, as it brings together many innovators and new ideas Commercial and industrial fields, praising the exhibition and its organization and several pillars that reveal the true face of the youth of the Kingdom and the region, pointing to the offerings of the programs and initiatives focused in its work to support, develop and care for innovators and young businesswomen in accordance with international best practices; To disseminate the culture and ideology of self-employment and the importance of entrepreneurship and innovation in entrepreneurship, as well as the diversification of sources of financial support for enterprises of all kinds.
Compass for starting
Many of the exhibitors we met in the exhibition had the ambition, courage, and boldness to engage in economic work. They adopted the slogan of the Kingdom for its 89th National Day (his concern until the summit) as a compass for their launch and a beacon to reach it. He provides high-quality vegetable and fruit products and competitive prices to individuals and businesses. Then the determination and resolve of the country and witnessed great business movement, has become their company is expanding dramatically, hoping to be the first choice when their implementation of the business sector and individuals in the coming years.
Empowerment Era
Abdullah al-Barrak, owner of Wasj Recycling Factory for Tires and Plastics, supported by the Armcoa Entrepreneurship Center (Wa'ed), confirmed that his launch is accompanied by a state of great mobility in the country during the era of the Custodian of the Two Holy Mosques and his Crown Prince, saying that it is an era of empowerment for young people. He pointed out that his project for recycling double-benefit; where the economic dimension, both in terms of production and employment and environmental dimension, especially as the recycling projects contribute to the preservation of the environment, noting that industry is one of the most important axes of sustainable development, and he is doing his best and devotes much of his time In search and To study and look at what's new in the world of recycling tires, praising the exhibition, organization and purpose, considering it an opportunity to meet many great business owners and building partnerships and deals.
Stories being told
There are many ambitions and aspirations between the sides of the exhibition, in each corner of a story to tell and tales all insistence and determination to reach the summit, and ideas implemented and expanded and managed to succeed and set off to the world of business and others in its path; To produce and supply raw materials for insulation factories in the internal markets, and was able to develop and follow the market requirements manufacturing advanced insulation rolls, which gives the product the highest quality and speed of work and strength of cohesion, as well as the corner of the technologies Azar Industrial Services, which attracted the innovative idea New, big ambition because the company is one of the pillars of the Saudi oil industry and a model supervisor for localization and export of services and high-tech industries.
Added Value
Azar is the first Saudi company to examine the depths of oil and water wells. This company has found support from the Aramco program, which enabled it to provide value-added services. The company is planning to expand the localization of its activities and purchases, of which about 65% are supplied from local sources. , in addition to achieving more diversity in its services to examine the depths of the wells and the export of these services to neighboring markets.
Influencers in the Kuwaiti market
At the Arabian Gulf Pavilion, we had a tour with young Gulf businessmen who were able to have a foothold in their economies and a strong footprint in their markets. Organic vanilla factory, and they were able to be influential in the Kuwaiti market, despite the modernity of their factory, and dreams of expansion in other markets, led by the Kingdom market with its large size and purchasing power and consumer seeking a high-quality product, praising the exhibition and its role in creating a society Economist featuring a deranged The Executive Director of Abdulwahab Food Packaging Company, Amir Mohammad Wajeeh, told the story of the factory and how it was determined, determined and ambitious. Despite the recent experience, it was actually launched in 2018. It won the Best Small Project Award for 2019 in Kuwait. And that a youth factory, with the support of the National Fund for the care and development of small and medium enterprises, was able to get this achievement.
Emerging Projects
For his part, Issam Hammad, representing Tamkeen in Bahrain, expressed their willingness to finance, support and support the start-up projects in the private sector through qualifying Bahraini and Gulf nationals to be the nucleus of work and employment to help the government sector in recruiting citizens. As Bahraini projects and support by providing the equipment needed by any project and financial support of up to 50% of the financial cost of the project, pointing out their intention to launch 200 economic programs that support projects and attract Gulf investors praising the trade exchange between Saudi Arabia Bahrain contributes to the success of joint ventures.
For his part, Abdullah Al-Gulaiqa, Director of Entrepreneurship at the Economic Challenges in the Gulf states, described the initiatives adopted by the group, such as the start-up initiative and the university education initiative, in support of graduation projects and student projects. It relies on artificial intelligence and supports existing companies through the use of smart ideas to support their activities.
Asharqia Chamber launches its annual reception for businessmen this November
05/11/2019
Sponsored by the Prince of the region and attended by many businessmen and government officials
Asharqia Chamber launches its annual reception for businessmen this November
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor of the Eastern Province, Asharqia Chamber will launch its annual reception for businessmen on November 12th and will be attended by regional businessmen, senior government officials, and academics in economic affairs.
The Chairman of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Asharqia Chamber continues its preparations to hold its annual reception, in the grand hall of the Sheraton Dammam Hotel. The importance of the annual ceremony, which represents a forum that stimulates interaction and achieves communication with senior officials and managers of departments and government agencies and officials of the private sector in the region.
Al-Khalidi appreciated the performance and role of the private sector during the current year, both in terms of strong performance and expansion at the level of the production base or in terms of increasing the number of workers from the national forces within its institutions and developing its responsibilities towards community work.
Al Khaldi added: " The ceremony of the year comes in light of the steady growth witnessed by the country in all fields and at all levels". He pointed out that this year's ceremony is the culmination of a full year of continuous and tireless work by the Chamber to support and support the participants and business owners in the region.
Al-Khaldi stressed that the Chamber always attaches great importance to networking and strengthening ties among business owners in the region, out of its belief in the vital role that communication can play in raising a building for issues of interest to the business sector and actively participating in the country's serious steps. He pointed out that the Chamber's activities, forums, workshops or initiatives and programs it launches throughout the year in order to develop the skills of the business sector and increase its awareness of the economic affairs and its various fields, is a translation of the mission of the Chamber and its vision in the service of this animal sector. Which was one of the main pillars for achieving the Vision 2030.
Prince of Eastern Region inaugurates Rad Forum for Entrepreneurship 2019
05/11/2019
It is held by the Asharqia Chamber and lasts until Wednesday.
Prince of Eastern Region inaugurates Rad Forum for Entrepreneurship 2019
Inaugurated by His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province on Monday morning (November 4, 2019) events "Forum and Exhibition" Rad"
Entrepreneurship 2019, organized by the Chamber of Commerce and Industry represented by the Councils of Youth and Businesswomen, on the land of Dhahran International Exhibitions Company (Dhahran-Expo), in the presence of His Excellency Minister of Labor and Social Development Engineer Ahmed bin Sulaiman Al-Rajhi and a large gathering of businessmen and businesswomen.
His Highness toured the exhibition pavilions and was briefed on the level of economic thought among young people (both sexes). The exhibition will witness the presentation of about 300 initiatives and projects, and the participation of entrepreneurs and women entrepreneurs and local and Gulf finance and empowerment.
His Highness also sponsored the signing ceremony of four agreements and memoranda of understanding, three of which were signed by the Eastern Chamber with the Bahrain Chamber of Commerce and Industry, Sheikh Mohammed bin Rashid Establishment for the Development of Small and Medium Enterprises in the UAE, the National Fund for the Care and Development of SMEs in Kuwait, and Riyad Bank. financing pilot projects, in addition to the granting of the first commercial franchise of pharmacies drug agreement.
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi appreciated the patronage of HH the Prince of the Eastern Region (Honorary Chairman of the Youth Business Council). In this way, the private sector (especially young businesswomen) finds that the support of His Highness will contribute significantly to the launching of many initiatives and activities that have added value to the national economy, such as opening employment horizons for Saudi youth and offering goods and products bearing the slogan of excellence. Wadda (Made in Saudi Arabia)
The exhibition will run until Wednesday, November 6, and will be open from 4 pm to 10 pm.
UAE Businessman Mohammed bin Ali Alabbar, Chairman of Emaar, will meet with business leaders in a trial session, which will be conducted by Abdulla bin Faisal Al Buraikan, Chairman of the Youth Business Council, from 6.30 pm to 8 pm.
The workshop will be presented on Tuesday, November 5, by the Director-General of Entrepreneurship Sector at the Kuwait National Fund Eng. Faris Al-Enezi, in a workshop entitled: Your guide to starting your small business (05:30 - 06:30). Bandar al-Shammari from Bader on technical projects, Mohammed al-Marashda of Tamkeen provides a brief on the empowerment programs in the Kingdom of Bahrain (07:00 pm - 08:00 pm). How to make an entrepreneur, and from the Industrial Development Fund Turki Al-Akrash talks about industrial entrepreneurship (08:00 -09:00 pm), and at the same time, the insured Ali (Riyad Bank) lecture
Entitled: How your business qualifies for bank financing
On Wednesday, November 6, Mohammed Al-Ghamdi of Aqal will present the idea of presenting the business idea to the investor in a workshop entitled "How to present your idea to an investor" (05:30 - 06:30). Khalid Al Alawi, Head of Entrepreneurship at Tamkeen, Kingdom of Bahrain, offers a workshop entitled: Start Your Business (07:00 - 08:00).
Also discussed at the same time Lattefah Wallan from
(Andover) The development of the facility through a workshop entitled: Will your facility grow into a promising company? At the same time, Khalid Alshenebar speaks about establishing human resources for start-ups.
Experts in the coffee industry: the Kingdom at the forefront of most countries importing coffee
04/11/2019
During an evening in the Asharqia Chamber
Experts in the coffee industry: the Kingdom at the forefront of most countries importing coffee.
According to experts and specialists in the field of coffee industry, coffee is the second most traded commodity in the world after oil, and that the Kingdom has in recent years ranked high among the countries that import most coffee; During the year 2019, the activity of cafes in the Kingdom in general and in the Eastern Province in particular.
This came during the evening organized by the Eastern Chamber on Wednesday, October 31, 2019, entitled (competent coffee trip), and came in cooperation with (The Coffee Group), and highlighted the journey of coffee starting from cultivation, through processing and roasting, and ending in the presentation of cafes, and a statement The difference between those specialized and commercial ones, in addition to highlighting the developments in the cafes market in the Kingdom and a widespread predicted more investment opportunities, whether those related to the coffee industry or the cafes market.
The speakers explained the coffee supply chain from the farms to the end consumer, noting that specialized coffee needs special cultivation and soil quality. The method of filling, preservation or storage should be done in special warehouses, as well as the method of roasting requires skill and intensive training for those in charge, especially as it is a process through which the chemical treatment of coffee seeds, and therefore must be according to specific criteria and foundations, pointing out that coffee Competent, are those that are subject to many standards that confirm their quality and are free from any defects.
Speakers stressed that the journey of the coffee industry entails many distinct investment opportunities, both in terms of importing and selling places (cafes), especially to the local and international estimates of the high demand for coffee consumption in the coming years.
The largest entrepreneurial event will kick off Monday from Asharqiya with broad national and Gulf participation
03/11/2019
The largest entrepreneurial event will kick off Monday from Asharqiya with broad national and Gulf participation
The Prince of the Eastern Province today launches "Rad Forum and Exhibition for Entrepreneurship 2019 '' with the participation of 300 initiatives and projects
His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Governor of the Eastern Province, inaugurated on Monday, November 4, 2019, the "Rad Forum and Exhibition for Entrepreneurship 2019 '' launched by the Asharqia Chamber represented by the Youth and Business Councils at the Dhahran Expo premises.
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi valued the patronage of His Highness the Prince of the region (Honorary Chairman of the Youth Business Council) for the events that will last until November 6, 2019, stressing that the patronage of His Highness is a great supporter of all the Chamber's programs and activities. Continuous support that contributes significantly to the continuation of young men and women business to provide business at a high level, and the introduction of initiatives that serve this vital sector.
Al-Khaldi explained that the chamber holds this forum every two years because of its belief in the importance of business and economic activities offered by young men and women, and their contributions to the development of the economic sector and provide new ideas that break the traditional in the Saudi market and keep pace with the development in the business sector in the world, and attract the most prominent global achievements to benefit From its results, to develop the sector in line with the Kingdom's Vision 2030.
A leading Gulf event
The Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabel said that a group of officials, experts and entrepreneurs in the business sector financial challenges faced by the small and medium enterprises sector and the role of possible funds in supporting entrepreneurship, where the forum will witness in its scientific and dialogue sessions the participation of the Small and Medium Enterprises Abdul Basit Al Janahi, Executive Director of Mohammed bin Rashid Establishment for SME Development in the UAE, Issam Hammad, Director of Corporate Management in the Kingdom of Bahrain, and Deputy General Manager of Entrepreneurship at the National Fund in Kuwait Eng. Fares Al-Enezi, speaking at a specialized session entitled "Business Empowerment in the Gulf States", chaired by Mohammed Al-Mohammadi, a member of the Business Youth Council.
The CEO of Al Dakheel Financial Group, Khulood Al Dakheel, Senior Vice President and Director of Emerging Business Banking at Riyad Bank, Mudhi Al Shammari, Tadawul General Manager Mohammed Al Rumaih and Deputy Governor Mohammed Al Malki, will speak at a session titled “Financial Challenges for Establishments” SMEs "is headed by a member of the Young Business Council Waad Abunian.
An unprecedented gathering of entrepreneurship
For his part, Chairman of the Youth Business Council in the Chamber of Commerce Abdullah bin Faisal Al-Braikan said that the event will present projects containing youth initiatives that started well and faced the challenges of the market but was able to withstand and continue to develop ideas and innovation and adapt to market conditions.
He pointed out that the exhibition receives visitors from 4 to 10 pm, pointing out the participation of about 800 pioneers and entrepreneurs within the activities of the Forum, which is the largest event of its kind in the Middle East and the participation of a wide Gulf.
Al Brikan explained that the visitors of the forum and the exhibition are on a date with the experience of the UAE businessman and Chairman of the Board of Directors of Emaar Mohammed bin Ali Alabbar, who will meet them in the program of my experience in the events of tomorrow Tuesday, November 5 at 6.30 pm.
Innovative and new experiences
Najla bint Hamad Al-Abdulkader, Chairman of the Young Businesswomen's Council, spoke about the importance of creative ideas in entrepreneurship in the Kingdom, which is based on pioneering ideas from young businesswomen who can influence the market and achieve a distinctive experience and expertise in various fields and the race being creative and the initiative.
Al-Qadir said that the forum witnessed unprecedented participation and momentum with the participation of about 300 initiatives and projects, pointing out that experts and specialists review the financing and empowerment of small and medium enterprises through 4 dialogue sessions and 13 workshops.
Educational workshops
The workshop will be presented on Tuesday, November 5, by the Director-General of Entrepreneurship Sector at the Kuwait National Fund Eng. Faris Al-Enezi, in a workshop entitled: Your guide to starting your small business (05:30 - 06:30). Bandar al-Shammari from Bader on technical projects, Mohammed al-Marashda of Tamkeen provides a brief on the empowerment programs in the Kingdom of Bahrain (07:00 pm - 08:00 pm). How to make an entrepreneur, and from the Industrial Development Fund Turki Al-Akrash talks about industrial entrepreneurship (08:00 - 09:00) The timing of the same offers from the insured (Riyad Bank) Lecture: How to qualify your facility for a bank financing.
On Wednesday, November 6, Mohammed Al-Ghamdi of "Akal" will present the business idea to the investor in a workshop entitled "How to Present Your Idea to an Investor" (05:30 - 06:30 pm). Khalid Al Alawi, Head of Entrepreneurship at Tamkeen, Kingdom of Bahrain, will present a workshop entitled: Start Your Business (07:00 pm - 08:00 pm). : Will your business grow into a promising company? At the same time, he speaks about establishing human resources for start-ups.
Prince of Eastern Province to sponsor on Monday "Rad Forum and Exhibition for Entrepreneurship 2019 ''
03/11/2019
Organized by the Asharqia Chamber with the participation of the constellation of the Gulf in the largest event in the Middle East.
Prince of Eastern Province to sponsor on Monday `` Rad Forum and Exhibition for Entrepreneurship 2019 ''
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, will sponsor the `` Rad Forum and Exhibition for Entrepreneurship 2019 '', which will be launched by the Asharqia Chamber represented by the Youth and Business Councils at Dhahran Expo on Monday 4 November 2019.
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi valued the patronage of His Highness the Amir of the region (Honorary Chairman of the Youth Business Council) for the activities of the forum which will last until November 6, 2019. Continuous support that contributes significantly to the continuation of young men and women business to provide business at a high level, and the introduction of initiatives that serve this vital sector.
Al-Khaldi said that the exhibition receives visitors from 4 pm to 10 pm, pointing out the participation of about 800 pioneers and entrepreneurs within the activities of the Forum, which is the largest event of its kind in the Middle East and the participation of a wide Gulf.
Al-Khaldi explained that the chamber holds this forum every two years because of its belief in the importance of business and economic activities offered by young men and women, and their contributions to the development of the economic sector and provide new ideas that break the traditional in the Saudi market and keep pace with the development in the business sector in the world, and attract the most prominent global achievements to benefit From its results, to develop the sector in line with the Kingdom's Vision 2030.
Al-Khaldi pointed out that the Saudi market is developed in many fields and is not subject to traditional, which made it interact with the recent initiatives put forward by young men and women and respond to them quickly, where many investors were forced to change their traditional views and keep pace with the modernization in the market, perhaps the most prominent technological development.
For his part, Chairman of the Business Youth Council in the Chamber of Commerce Abdullah bin Faisal Al-Braikan said that the event would present projects containing youth initiatives that started well and faced the challenges of the market but was able to continue to develop ideas and adapt to market conditions.
He stressed that the forum is a valuable opportunity for entrepreneurs and entrepreneurs to benefit from the experiences of participating, and to identify the most prominent investors where the event is a forum for all pioneers, investors and interested parties and funding and advisory bodies, to exchange views and translate the meetings to promising investment opportunities.
He stressed the keenness of the sponsors of the forum and the exhibition to support entrepreneurs and emulate their ambitions to achieve the objectives of the forum, which emphasizes the promotion of positive relations between the business sector and young entrepreneurs, pointing out that some business ideas for entrepreneurs came from their favorite hobbies, which they were able to turn them into viable commercial projects economic and therefore reserved for themselves a place in the business map, pointing out that visitors to the exhibition will be surprised by what they see the ideas and ambitions have succeeded and is now competing and advancing commercially.
The Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabel said that a group of officials, experts and entrepreneurs in the business sector financial challenges faced by the small and medium enterprises sector and the role of possible funds in supporting entrepreneurship, where the forum will witness the participation of the Governor of the Small and Medium Enterprises Authority, Eng. Saleh Al Rasheed, CEO of Mohammed Bin Rashid Establishment for SME Development in the UAE, Abdelbaset Al Janahi, Director of Corporate Affairs, Tamkeen, Essam Hammad, and Deputy General Manager of Entrepreneurship The National Fund of the State of Kuwait, Eng. Fares Al-Enezi, where they speak in a specialized session entitled "Business Empowerment in the Arab Gulf States" chaired by a member of the Business Youth Council Mohammed Al-Mohammadi.
The CEO of Al Dakheel Financial Group, Khulood Al Dakheel, Senior Vice President and Director of Emerging Business Banking at Riyadh Bank, Mudhi Al Shammari, Tadawul General Manager Mohammed Al Rumaih and Deputy Governor Mohammed Al Malki, will speak at a session titled “Financial Challenges for Establishments”. Small and Medium Business "is headed by a member of the Young Business Council Waad Abunian.
The workshop will be presented on Tuesday, November 5, by the Director-General of Entrepreneurship Sector at the Kuwait National Fund Eng. Faris Al-Enezi, in a workshop entitled: Your guide to starting your small business (05:30 - 06:30). Bandar al-Shammari from Bader on technical projects, Mohammed al-Marashda of Tamkeen provides a brief on the empowerment programs in the Kingdom of Bahrain (07:00 pm - 08:00 pm). How to make an entrepreneur, and from the Industrial Development Fund Turki Al-Akrash talks about industrial entrepreneurship (08:00 - 09:00) The timing of the same offers from the insured (Riyad Bank) Lecture: How to qualify your facility for a bank financing.
On Wednesday, November 6, Mohammed Al-Ghamdi of "Akal" will present the business idea to the investor in a workshop entitled "How to Present Your Idea to an Investor" (05:30 - 06:30 pm). Khalid Al Alawi, Head of Entrepreneurship at Tamkeen, Kingdom of Bahrain, will present a workshop entitled: Start Your Business (07:00 pm - 08:00 pm). : Will your business grow into a promising company? At the same time, he speaks about establishing human resources for start-ups.
Investment opportunities for small and medium enterprises in the fields of water technologies.
03/11/2019
An official at the Saudi Innovation Center confirms:
Investment opportunities for small and medium enterprises in the fields of water technologies.
Saeed bin Ali Al Shahrani, Director of the Saudi Innovation Center for Water Technologies, said that there are tremendous opportunities for small and medium-sized enterprises to engage in many activities related to water technologies and provide some of the requirements of Desalination Conversion Corporation.
Shahrani said during a lecture organized by the Asharqia Chamber on Wednesday 30 October 2019 that the center is the result of cooperation between the Desalination Conversion Corporation and the General Authority for Small and Medium Enterprises The center focuses on facilitating access to supply chain management and marketing of technical projects in the water sector and promoting the growth rate of business in the water sector in the Kingdom through the Saudi Network Water intentions.
He expressed the readiness of the Center to support entrepreneurs as the Center was established to promote innovation and support entrepreneurship through the formation of a pioneering system based on infrastructure development and assistance in the development of local companies and small and medium enterprises to enhance the effectiveness and the final results of the incubated projects, in order to align the goals of the Kingdom Vision 2030 Nationalization of the spare parts manufacturing sector to increase the local output of manufacturing and provide job opportunities for Saudi youth.
Al-Shahrani explained that the center offers two main programs for companies, factories, small and medium enterprises, and entrepreneurs in the water sectors. A qualification program for new entrepreneurs and start-up entrepreneurs to support these projects through follow-up and training on the latest management methods for small and medium enterprises.
He pointed out that the reverse engineering laboratory means the process of recording the two-dimensional and three-dimensional mechanical parts for the purpose of improving their performance and recycling through local factories and small and medium-sized enterprises, where the process of reverse engineering will help to identify gaps in the local industry to meet the needs of the institution desalination of saltwater.
The Ministry of Health affirms the principle of partnership with the private sector and announces a unified health system
29/10/2019
During a meeting with investors in the health sector:
The Ministry of Health affirms the principle of partnership with the private sector and announces a unified health system
Assistant Undersecretary of the Ministry of Health for the Development of Health Investment Dr. Fayyad Al-Dandashi revealed the latest developments in the private health system in the near future, as part of the ministry's strategy to increase the contribution of the private sector and in line with the ministry's focus on the legislative and regulatory role of the ministry in the future.
This came during a meeting witnessed by the Asharqia Chamber on Monday attended by HE the Director-General of Health Affairs in the Eastern Region Dr. Ibrahim Al-Arifi, and a number of businessmen and women investors and women investors in the health sector. It represents the image of the future of investment in the health sector, and the direction supported by the ministry in absorbing global best practices, expressing the urgent need of the ministry to strengthen communication with the private sector as there are more than 15 thousand facilities special and competencies existing in the private sector is able to make a positive change in the health sector system.
He stressed that the Ministry of Health at the present time and within its modern strategy would be an organization of the health sector so that the health clusters that have been launched enjoy full independence. He pointed out that the supervision of the facilities will be done with one standard.
He also stressed the ministry's keenness to support small and medium enterprises, and started by establishing a department concerned with these enterprises to overcome the difficulties and obstacles to these enterprises, saying: "We have overcome some challenges by taking advantage of the spirit of regulations and laws issued and issued by the ministry, as we work to find We seek to create new activities, such as urgent care and critical care, and try to find solutions in the systems that should keep pace with the accelerated health sector. ”
He added that one of the measures of development and services is a unified health system that serves everyone fairly, without any distinction between health service providers. The ministry also has joint working committees with sister government bodies to identify obstacles and overcome difficulties, for example, will be benefited from some graduates of applied sciences to train them to work as a health assistant, especially as the need is within 20,000 assistants.
On the issue of appointments, he said that the ministry has put a practical solution to this issue through the application of (appointment), which involved more than 10 million people, has been booked more than 200 million appointments
On the complementary role with the Health Specialties Authority, he said that the role of the Authority is to make sure that the practitioner of the health activity is qualified, to review the certificates and experience and to ensure, and then authorize him to practice the profession.
4 Dialogue sessions and 13 workshops at the Forum and Exhibition "rad" Entrepreneurship next week
28/10/2019
Organized by the Asharqia Chamber with the participation of a constellation Gulf participate in the largest event in the Middle East.
4 Dialogue sessions and 13 workshops at the Forum and Exhibition "rad" Entrepreneurship next week.
Al-Buraikan: The forum brings together young men and women business and funding and support bodies.
Al-Abdulkader: seeks to provide solutions for owners of small and medium enterprises.
Reviews the elite of officials, experts and entrepreneurs in the business and financial challenges faced by the SME sector and the role of possible funds in support of business leadership, during the events Forum and Exhibition "rad" Entrepreneurship launched by the Asharqia Chamber represented by the Boards of young men and women business, under the patronage His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of Eastern Province (Honorary President of the Council), at the headquarters of Dhahran Expo Exhibition company, during the period from 4 to 6 November.
The forum is witnessing within the scientific dialogue sessions the participation of Governor of the Small and Medium Enterprises Authority, Engineer Saleh Al Rasheed as Chief Executive Officer of Mohammed Bin Rashid Foundation participates for the development of small and medium-sized enterprises in the UAE Abdul Baset Al Janahi, and director of corporate governance in the empowerment of the Kingdom of Bahrain Essam Hammad, Deputy Director-General for Entrepreneurship Businessmen at the National Fund of Kuwait Eng. Fares Al-Enezi, where they will speak in a specialized session entitled "Enabling Business in the Arab Gulf States" chaired by a member of the Business Youth Council Mohammed Al-Mohammadi.
The CEO of Al Dakheel Financial Group, Kholoud Al Dakheel, Senior Vice President and Director of Emerging Business Banking at Riyad Bank, Mudhi Al Shammari, Tadawul General Manager Mohammed Al Rumaih and Deputy Governor Mohammed Al Malki, will speak at a session titled “Financial Challenges for Establishments”. Small and Medium Business "is headed by a member of the Young Business Council Waad Abunian.
Chairman of the Business Youth Council in the Asharqia Chamber Abdullah bin Faisal Al-Braikan said that the great efforts exerted by the working team, in order to hold the exhibition and the forum on the highest standards that the chamber was known to follow in organizing its events, stressing that the forum is witnessing the holding of 4 scientific sessions and 13 workshops, pointing out that the Forum this year's RADE Entrepreneurship Exhibition brings together young businesswomen in the Eastern Province and from the Gulf, finance, support and government entities under one roof.
Najla bint Hamad Al Abdulkader, Chairman of the Young Business Council of the Chamber, said that the forum and exhibition, which is the largest event of its kind in the Middle East, will witness the participation of about 800 female entrepreneurs. The participation of female entrepreneurs in the Gulf States (UAE, Bahrain, Kuwait, Oman) to promote a culture of entrepreneurship among young men and women, to reach new markets, expand their horizons and promote their products and services in front of a wide range of Exhibitors, visitors and business sector.
She pointed out that the forum seeks to provide solutions for owners of small and medium enterprises through workshops and accompanying through the presentation of products to discuss partnerships between small enterprises and large enterprises needed by those installations.
Asharqia Chamber holds its annual reception for businesswomen next month
28/10/2019
Asharqia Chamber holds its annual reception for businesswomen next month.
Under the patronage of Her Highness Princess Abeer Bint Faisal Bin Turki Al Saud, the Consort of His Royal Highness the Emir of the Eastern Province, the Eastern Chamber, represented by the Businesswomen's Center, is organizing the evening of the annual reception of businesswomen 2019 at the Grand Ballroom, at Sheraton Dammam Hotel.
The annual reception, which the Asharqia Chamber is keen to hold every year, witnesses a large presence of businesswomen in the Eastern Province, and many interested in economic affairs, young businessmen, and a selection of specialized Saudi academies.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, expressed appreciation to Her Highness Prince Abeer bint Faisal bin Turki for her patronage of the annual reception, pointing out the extent of her Highness's interest in supporting women in the Eastern Region and her hard work to increase their contribution to the growth process witnessed in the country at all levels.
Al Khaldi said that the annual ceremony for businesswomen provides many opportunities for networking, exchange, and exchange of views on all issues concerning women's investments in the Kingdom, and the impact of the new economic reforms witnessed by the country on the investment environment in general and women's investment in particular. On the latest developments in the field of women's work, and the most important topics of the businesswomen sector, as well as their role in this important stage of the life of the national economy, and the goals of Vision 2030 and the National Transformation Program 2020 to serve the national economy, and promote the growth of the sector For the work of women.
Al Khaldi added that the ceremony of the year comes in the light of the implementation of the Kingdom's Vision 2030, which put Saudi women in the strengths of their own, and pledged to continue to develop their talents and invest their energies and enable them to get the appropriate opportunities to participate with men in the country's towards growth and development, expressing He hoped that the economic activity of Saudi women will flourish and increase their contribution to the national economy, pointing out that Saudi women are proving every day their ability to work and production in various fields, including the economic aspect, which created and demonstrated a remarkable presence and became a role model in different countries.
A group of experts and entrepreneurs participate in the Forum and Exhibition Youth and Young Women Business 2019
28/10/2019
A group of experts and entrepreneurs participate in the Forum and Exhibition Youth and Young Women Business 2019.
Chairman of the Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the Forum and Exhibition of Young Businesswomen is witnessing the presence of a group of interested guests, entrepreneurs, and experts in the business sectors.
Al-Khaldi explained that the forum, organized by the Chamber of Commerce and Industry represented by the Councils of Young Businesswomen, under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province (Honorary Chairman of the Council), will participate in its activities pioneers, speakers and participants from various Gulf Arab countries, pointing out that about 800 leading and pioneering work of participating in the activities of the forum, which is the largest event of its kind in the Middle East, and is held on the land of Dhahran Expo Exhibition company, over 3 days during the period from 4 to 6 November.
Al-Khaldi pointed out that the Saudi market is developed in many fields and is not subject to traditional, which made it interact with the recent initiatives put forward by young men and women and respond to them quickly, where many investors were forced to change their traditional views and keep pace with the modernization in the market, perhaps the most prominent technological development.
Najla bint Hamad Al-Abdulqader, Chairman of the Young Business Council in the Chamber, said that the forum is a good opportunity for women with creative ideas, as they will meet with those who have achieved remarkable successes through their creative ideas what young Business women need.
The Eastern Secretary chairs the Environment Committee to promote investment partnerships and support the sectors of the environment and food meeting
28/10/2019
The Eastern Secretary chairs the Environment Committee to promote investment partnerships and support the sectors of the environment and food meeting.
HE Fahad bin Mohammed Al-Jubeir, the Secretary of the Eastern Region, chaired the meeting of the Environment and Food Committee in the Asharqia Chamber on Wednesday 24/2/1441 H, in the meeting room in the Secretariat Secretary Services Engineer Ziad bin Mohammed Meqerbl, and a number of agents of the Secretary-assistants and directors of relevant departments of the Secretariat, and the Chairman of the Committee on environment and food Oriental Chamber Eng Talal bin Salman Al-Rasheed, and a number of members of the Chamber Committee.
HE Fahad bin Mohammed Al-Jubeir, Secretary of the Eastern Region, explained that the Secretariat is in constant communication with the business sector in all its specializations, in order to strengthen partnerships that serve both parties and contribute to the development of the working mechanism, in order to increase investment opportunities and enhance joint cooperation between the Eastern Province Secretariat and the Environment and Food Committee in the Eastern Chamber. In support of the restaurants and bakery sectors in improving the investment environment by organizing the competent authorities of the Chamber and the Secretariat.
The meeting discussed a number of points, most notably the issue of increasing the chances of investment contracts and mechanisms for the extension of the sites of the Secretariat with the private sector, and discuss the prices of leasing landfills and recycling, in addition to the development of measurement indicators in relation to the award of the project, and strengthen cooperation between the Environment and Food Committee and the Secretariat of the Eastern Region.
The Chairman of the Environment and Food Committee in the Eastern Chamber thanked Eng. Talal bin Sultan Al-Rasheed, the Secretary of the Eastern Province, Eng. these meetings contribute to finding appropriate solutions to the process of promoting investment and supporting sectors of the environment and food.
Asharqia Chamber concludes the second season of its initiative for job seekers with the participation of 3200 young men and women
27/10/2019
Al-Khalidi: The trainees underwent 90 training hours in 6 specialized programs offered free of charge.
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, the Asharqia Chamber concluded on Wednesday 23 October the second season of its initiative to qualify and train the sons and daughters of the Kingdom as part of its free initiative for 2019, where it provided six qualitative training programs.
The Chairman of the Board of Directors, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, appreciated the patronage of His Highness the Prince of the Eastern Region, stressing that His Highness's support for all activities and programs of the Chamber took us to a high level, pointing out that this support has given the initiative another dimension and great importance.
Al Khaldi said that the number of beneficiaries of the initiative during the current year amounted to about 3,200 young men and women, who have undergone 90 training hours, which included specialized themes in digital marketing, professionalism in customer service, career excellence in work environments, and integration in public relations and protocol.
Al-Khaldi explained that the chamber has always said that dealing positively and interacting with general national issues, especially if they involve a social and economic dimension, such as the issue of nationalizing occupations and jobs in economic activities, said: all we launched this initiative for the rehabilitation and training of young people who wish to attend these functions, it is a free service we provide to these young people, and young women from our social responsibility in this great country.
Board member Al-Anoud bint Tawfiq Al-Rammah concluded the sixth program for women, which began Monday (October 21st), entitled "Integration in Public Relations and Protocol" and involved 730 trainees.
Al-Rammah said that for three consecutive days this program provided the necessary information and skills about (integration in public relations and protocol) and the mechanisms of its application and its positive impact on you and the institutions that you work or will work, praising the great interaction of young men and women with the initiative, stressing that this confirms their desire and their determination to develop their abilities and acquire new skills and information from experienced and competent.
Tuesday's meeting in Khafji reviews the services of the "Labor" branch in the province
27/10/2019
Asharqia Chamber hosted the Director-General of the Ministry of Labor and Social Development in the province of Khafji, Dr. Nayed bin Lafi Al-Rashidi, in a meeting on Tuesday for businessmen.
Dr. Al-Rashidi reviewed during the meeting, which was attended by the Chairman of the Business Council in the branch Hussein Al-Enezi, and witnessed the presence of businessmen and those interested in the regulations of the Ministry of Labor, in addition to the Emiratization rates and how to apply them in the best way. The meeting also discussed the provision of quality services commensurate with the aspirations and desires of the business sector.
Dr. Al-Rashidi stressed the branch's keenness to communicate with the business sector continuously in a way that contributes to enhancing the cooperation mechanism and discussing common topics that enhance the performance and efficiency of work in the province and work to provide economic Khafji, through new ideas and initiatives that achieve the desired diversity.
In conclusion, the President of the Business Council honored branch of the Eastern province Chamber of Khafji Hussein Anzi, Director General of the Ministry of Labor and Social Development Branch of the governorate, Dr. Nayed bin Wafi Rashidi memorial shield.
730 trainees participate in the sixth program for women under the initiative of the Asharqia Chamber of job seekers
27/10/2019
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, the Asharqia Chamber in the presence of Board Member Nouf bint Abdulaziz Al Turki launched the sixth program for women entitled "Integration in Public Relations and Protocol" with the participation of 730 trainees, on Monday evening October 21, 2019
Al-Turki said: `` The qualification of young national cadres is one of the top priorities of the Kingdom's Vision 2030, and that the Eastern Chamber, while continuing to provide training bags for young and young job seekers, keeps pace with the vision and requirements and recognizes the importance of providing qualified human cadres of young national energies motivated for employment and rehabilitation.
During the launch of the program, which was attended by the representative of the Ministry of Labor and Social Development Branch Hessa Al-Qahtani and the representative of the Human Development Fund - the goal and toxicity of Khalidi that the sixth program aims to integrate in public relations and protocol among female students by developing their skills efficiently and competently and strengthen the foundations of excellence in the performance of their work, even They can perform their duties to work efficiently and competently.
The program reviews a number of themes, most notably: the concept of public relations, the importance of human relations in management and organization, service excellence, and effective communication and types of personalities and deal with them, and the basics of organizing events.
800 young men and women participate in the largest forum and exhibition of entrepreneurship in the Middle East
27/10/2019
Organized by the ِAsharqia Chamber under the patronage of the Prince of the Eastern Region and the participation of a wide Gulf.
800 young men and women participate in the largest forum and exhibition of entrepreneurship in the Middle East.
Around 800 female entrepreneurs are taking part in the `` Eastern Business Youth Forum 2019 '', the largest event of its kind in the Middle East and witnessing a wide Gulf participation, organized by the Asharqia Chamber represented by the Councils of Youth and Businessmen, under the patronage of His Royal Highness Prince Saud Prince Nayef bin Abdulaziz, Governor of the Eastern Province (Honorary Chairman of the Council), at the exhibition grounds of Dhahran Expo Company, over a period of 3 days during the period from 4 to 6 November.
Asharqia Chamber Chairman Abdul Hakim bin Hamad Al-Ammar Al-Khaldi appreciated the patronage of HH the Amir of the region, stressing that his patronage is a great supporter of all the chamber's programs and activities. At a high level, put forward initiatives that serve this vital sector.
Al-Khaldi said that the chamber held this forum every two years because of its belief in the importance of business and economic activities offered by young men and women, and their contributions to the development of the economic sector and provide new ideas that break the traditional in the Saudi market and keep pace with the development in the business sector in the world, and attract the most prominent global achievements to benefit from its results, to develop the sector in line with the Kingdom's Vision 2030.
Al-Khaldi pointed out that the Saudi market is developed in many fields and is not subject to traditional, which made it interact with the recent initiatives put forward by young men and women and respond to them quickly, where many investors were forced to change their traditional views and keep pace with the modernization in the market, perhaps the most prominent Technological development.
For his part, Chairman of the Business Youth Council in the Chamber of Commerce Abdullah bin Faisal Al-Braikan said that the event would present projects containing youth initiatives that started well and faced the challenges of the market but was able to continue to develop ideas and adapt to market conditions.
He stressed that the forum is a valuable opportunity for entrepreneurs and entrepreneurs to benefit from the experiences of participating, and to identify the most prominent investors, where the event is a forum for all pioneers, investors and interested parties and financing and advisory bodies, to exchange views and translate the meetings into promising investment opportunities.
President of Business Young Women Council in the chamber Najla Hamad Alabd-Alqader spoke about the importance of creative ideas taking place in entrepreneurship in the Kingdom, which is based on the pioneering ideas of young business young women, which can influence the market and achieve the experience of a distinctive experience in multiple proactive areas being dependent on creativity and initiative.
Al-Qader noted that such events constitute a new mental image among young businessmen on how to proceed with projects and ways to develop and classify them in non-traditional business so that they are better able to face the challenges facing emerging projects, and highlights the importance of investment in multiple fields.
The Minister of Trade and Investment will participate in the "Contracting Forum" next December
21/10/2019
Organized by the Asharqia Chamber under the patronage of the Prince of the region
The Minister of Trade and Investment will participate in the "Contracting Forum" next December
His Excellency Dr. Majid bin Abdullah Al Qasabi, Minister of Commerce and Investment, will participate in the Contracting Forum organized by the Eastern Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, Wednesday, December 4, 2019, at the Chamber's headquarters.
The Chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, appreciated the attendance and participation of His Excellency Dr. Al-Qasabi, stressing his keenness to participate in forums and meetings that review the challenges facing the private sector and proximity to citizens and the causes of imbalances in order to propose solutions that contribute to the development of the work mechanism in the sector and provide him a push forward through which he can carry out what is required of him amidst high standards.
Al-Khaldi explained that the contracting sector represents the largest share in the Kingdom's business plan, praising the initiatives and facilities offered to the sector within the Kingdom's Vision 2030, which contributed to the development of the work mechanism in it, pointing to the programs, activities and initiatives of the Contractors Authority and its continued support for the work of this vital sector.
Al-Khaldi stressed that the construction sector is a key partner in the implementation of national projects, pointing to the aspirations of the employees of the sector for more support in order to develop its tools and implement huge development projects.
For his part, Board Member and Chairman of the Chamber's Contracting Committee Hamad bin Hamoud Al-Hammad said that this forum, which is part of the committee's activities for the current year 2019, will address a number of axes that discuss the challenges facing the contracting sector, the role of the sector in the Kingdom's Vision 2030, and its projects. Workers in the sector had to prepare for it according to the latest means and the highest specifications.
Said Al-Hammad that the challenges faced by a variety of different construction sector, there are challenges in the foundation and the other in development, both of which require some interaction, the facility also quality, and we hope this forum can be discussed a lot of topics and come up with recommendations to suit all parties.
Asharqia Chamber launches its annual reception for businessmen next November
20/10/2019
Under the patronage of the Prince of the Eastern Province
Asharqia Chamber launches its annual reception for businessmen next November
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, the Asharqia Chamber will launch on November 12th the annual reception for businessmen, which will be attended by many regional businessmen and a number of government officials, ambassadors and representatives of prominent embassies and academics. To deepen ties and relations between all business sectors and between officials and managers of departments and government agencies and officials of civil sectors in the region.
The Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, congratulated His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Prince of the Eastern Province, on his patronage this year, pointing out the extent of His Highness's interest in supporting the business movement in the Eastern Province in order to maximize his contributions to economic development. He stressed that His Highness's continuous sponsorship of the annual reception reflects his keenness to communicate with various segments of society, especially business representatives, who appreciate His Highness's support and sponsorship.
Al Khaldi said that the annual reception is a great gathering that supports the values of communication between businessmen of the region with each other on the one hand and with government officials in various state agencies on the other hand, pointing out that it is a meeting where the experiences and the owners of economic experiences of the highest kind of people of the region It also exchanges ideas on how the private sector can participate more effectively in the national economy's drive towards diversification and optimal utilization of available resources.
Al-Khaldi said that the chamber attaches great importance to the values of communication and interdependence among entrepreneurs in the Eastern Region. He pointed out that the Chamber's activities, forums, workshops or initiatives and programs it launches throughout the year in order to sharpen the skills and knowledge of the business sector in the economic affairs and its various fields. Linh entrenched communication and bonding between the business sector in the region's values.
Al Khaldi added that the Chamber, in line with its responsibility to develop the economic movement in the region and activate the role of the business sector in it, has set all business owners a goal to raise them to be as economic responsibility in achieving the goals and aspirations.
Asharqia Chamber concludes 2019 Careers exhibition with more than 19 thousand visitors
17/10/2019
It was organized over 4 days and saw great interaction
Asharqia Chamber concludes 2019 Careers exhibition with more than 19 thousand visitors
Al-Khalidi thanks His Highness the prince for his patronage and support for the exhibition
The 6th edition of Careers 2019, which concluded its activities in the Eastern Chamber on Thursday 17 October 2019, recorded the visit of more than 19 thousand job seekers and students, amid the great interest of participating companies and beneficiaries.
The number of companies participating in the exhibition organized by the Chamber under the auspices of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Prince of the Eastern Province on the grounds of the Dhahran International Company (Dhahran Expo). 126 companies and institutions provided 4,500 job variety, for men and women and people with special needs, and 7 government agencies, also saw the exhibition which was held over four days which started last Monday and lasted until Thursday, a high turnout of job seekers.
The Ministry of Labor and Social Development and the Human Resources Development Fund (Hadaf) participated in the exhibition as supporting partners, among the government agencies participating in the most prominent event in the field of employment in the region.
For his part, Chairman of the Asharqia Chamber of Commerce Abdul Hakim bin Hamad Al-Ammar Al-Khaldi thanked the Emir of the region, appreciating the patronage of His Highness the honor of the exhibition, which receives unlimited support from His Highness
Al-Khaldi pointed out that the exhibition received those wishing to visit it through the electronic platform where the requirement of pre-registration is mandatory. All his information in the CV will be already present on the electronic platform associated with all exhibitors.
For his part, the Secretary-General of the Asharqia Chamber Abdulrahman bin Abdullah Al-Wabel expressed his sincere thanks to His Highness the Amir of the region for his patronage and honor of the exhibition, and thanks to all companies and institutions supporting and sponsoring and participating in the exhibition.
Al-Wabel said that the exhibition received over four days, students work for two periods, the first period starts from 10 am to 2 pm, and in the second period from 4 pm to 8 pm, where the first three days were devoted to individuals and the fourth to families, pointing to the keenness Visitors to be present from the early hours of the exhibition to learn about the career opportunities presented.
Al-Wabel pointed out that the success of the exhibition in its sixth edition this year was the result of many factors, most notably the early efforts made by the Chamber, in addition to the great interaction by the public, which embodied the reality of vitality and enthusiasm experienced by the Saudi youth.
The exhibition offered 3462 jobs distributed to men according to technical specialties (1024 jobs), administrative (530), medical (236), engineering (746), sales (257) in addition to various other jobs (669).
It was also offered to women besides other jobs that can accompany their families to apply, where the number of women jobs 1079 jobs distributed by technical disciplines (25 jobs), administrative (423), medical (151), engineering (113) and sales (192) in addition to various other jobs that amount to (175 posts).
And for special need 109 jobs distributed according to technical specialties (10 positions), administrative (47), medical (2), engineering (7) and sales (17) in addition to other various jobs (26 jobs).
Specialized: More than 28% prevalence of breast cancer in the eastern region
17/10/2019
Recovered review their experience in the branch of the ِAsharqia Chamber of Jubail
Specialized: More than 28% prevalence of breast cancer in the eastern region
An awareness lecture organized by the Asharqia Chamber in its branch in Jubail Industrial City in cooperation with the Saudi Cancer Society reviewed the experiences of women who had been exposed to breast cancer.
During the lecture held on Tuesday, October 15, 2019, the head of the radiology department at the General Security Forces Hospital and a diagnostic radiologist for women, Dr. Iman bint Abdulrahman Al-Mahous, presented a number of important topics for women and stressed the importance of early detection before the disease spread.
Dr. Al-Mahous said that breast cancer surprises the patient after its spread, as it shows signs of fatigue and fatigue. When the disease is detected in advanced stages and the treatment may not affect it. Serves women with free disclosure.
Dr. Al-Mahous stressed the need to examine and not hesitate, pointing out that women are an essential element in family formation and an effective element in society and must be preserved and protected from this malignant disease. More than 18,000 cases have been examined since 2008, and 131 cases have been detected.
Breast cancer is the most prevalent cancer in the eastern region (28.7 percent), followed by the thyroid gland (11.5 percent), colorectal (9.3 percent), uterus (5.8 percent), liver (2.5 percent), brain and nervous system (2.2 percent).
On the other hand, the recovered Ruqaya Al-Ghamdi presented her experience, starting from being informed of her illness and the psychological condition that required her through her cohesion and undergoing a treatment program, where she reported many suffering and stages of regaining her strength to face the disease.
It is worth mentioning that the lecture witnessed an exhibition accompanied by a number of plastic artists who presented a variety of creative messages through paintings that reflect the importance of early examination, adherence to force and fighting disease.
In conclusion, the Saudi Cancer Society and the head of the radiology department at the General Security Forces Hospital and the diagnostic radiologist for women Dr. Iman bint Abdulrahman Al-Mahous were honored.
"ISSAL" enhances the efficiency of the institutional environment and facilitates payments between the government and business sectors
17/10/2019
During a workshop in the Asharqia Chamber
"ISAAL" enhances the efficiency of the institutional environment and facilitates payments between the government and business sectors
The Director of Saudi Payments Sales at the Saudi Arabian Monetary Agency, Hussein Bin Awwad Al-Shalawi, confirmed that the payment sector in the Kingdom is witnessing a major shift towards the adoption of electronic means, in line with the Kingdom's Vision 2030 and the financial sector development program to raise the rate of digital financial transactions. The role they play in facilitating the mechanism of making cash payments between government entities, different business sectors, and suppliers, who deal with these entities, contribute to enhance the efficiency of the institutional environment by facilitating billing processes for suppliers of government agencies and business sectors He pointed out that it is a platform whose aim is to improve the management of invoiced payments through the additional benefits it offers users such as clarifying the status of payment for issued invoices, graphs, and analysis of payments and checking the reconciliation and settlement of the amounts collected through an integrated electronic control panel.
This came during the workshop, organized by the Chamber of Eastern Province within the activities and programs of the Contracting Committee for 2019, on Thursday, October 17, 2019, and was entitled (the national electronic platform for business invoices (receipt)), and moderated by a member of the Board and Chairman of the Contracting Committee in the Chamber, «Hamad bin Hamoud Al-Hammad », Which emphasized the Kingdom's advanced rank among the countries of the world and the region in the provision of electronic payment systems in accordance with the universally accepted standards, pointing out that the business billing platform (Isaal) comes within one of the most important paths taken by the State to provide an integrated digital environment for services The banking system in the local market directly aims at achieving national aspirations towards independence and harmonizing the payment systems in the Kingdom with the standards of international payment networks and systems.
Al-Hammad pointed out that this platform, which provides the business sector with a clearer picture of the entire life cycle of bills, from raising the bill to the offer and payment and settlement, but contributes significantly to reduce the costs of financial transactions and improve the process of payments management and reduce cash collection processes, He stressed that this platform reflects the launch of the will and serious government desire to develop bank payments so that individuals and companies to complete their transactions safely and easily).
Al-Shalawi pointed out that Saudi payments are an independent entity affiliated to SAMA. It is the leading payment brand in the Kingdom and acts as a payment infrastructure operator and supports the Kingdom's approach to a non-monetary society. The retail system, which includes the extent of the payment system Mada, and the institutional system and which is listed below (receipt including the detailed electronic invoices, bills and payment of the presentation of the invoice and payments, and fast, instant payments), and there is a digital system, which includes On SADAD accounts, which offers a non-card-based payment option for online purchases, and a Mada e-commerce system, which enables electronic payments via Mada cards.
Al-Shalawi said that in light of the multiple challenges facing the business sectors in terms of providing and paying bills, the Business Invoicing Platform (ISAAL) came to clarify in detail the entire life cycle of the invoice, starting with the loading of invoices, presentations, payment, and matching services. The platform starts with enthusiasm, the first stage of loading the invoice, and then comes the validation phase of the invoice before it is presented to the buyer. In the third stage, the detailed invoice is displayed. In the fourth stage, the payment of the invoice is made using SADAD. Lastly, in which the supplier is receiving prompt payment notification and settlement reports for each invoice at the end of the day.
Al-Shalawi explained that the platform provides many advantages to meet the needs of the business sector such as processing multiple forms of invoicing, automatic settlement, payment as a group, in addition to reports and information, noting that new features are added every month based on customer feedback, and the platform is exchanging data with companies during the electronic billing process and can be linked with other platforms through all of the following methods (API, SFTP, and Frontend).
At the end of the meeting, a member of the Board of Directors and Chairman of the Chamber's Contracting Committee, Hamad bin Hamoud Al-Hammad, presented a commemorative shield to HE the Director of Saudi Payments Sales at SAMA, Hussein Bin Awwad Al-Shalawi.
Asharqia Chamber organizes a workshop entitled (Labor etiquette)
17/10/2019
Asharqia Chamber organizes a workshop entitled (Labor etiquette)
A specialist in business etiquette talked about the most important means of attention in various aspects, especially in the work environment through attention to appearance and talk, during the workshop of the partners' success program, which was organized by the Asharqia Chamber represented by the Young Businesswomen Council entitled (Labor etiquette) at the headquarters of the Chamber.
Trainer Dania bint Ibrahim bin Saeedan pointed out during the workshop, which was attended by the board member of the board Anoud bint Tawfiq al-Ramah, that etiquette is a set of rules and conventions that govern the correct or polite behavior in society in general, and offset in Arabic etiquette, which is customary law of social behavior acceptable rules governing polite behavior among society. The protocol reflects morality but at a more formal level, and generally relates to the procedures, organization or behavior described for government and international officials.
During the workshop, which was attended by the President of the Young Businessmen Council, Najla bint Hamad Al-Abdulqader, the Arab synonym for the protocol, a protocol that expresses a set of cultures, customs, traditions, rules, customs and procedures agreed upon, whether registered or not, is working to organize Methods of proper handling and courtesy and taking into account priorities and priorities in official or diplomatic life, pointing out that the rules of the protocol and etiquette change according to place and time.
Regarding the most important skills to be available in the field of work, she said that there must be several points: elegance and good-looking, tact and draw a non-costly smile while dealing with others. Different dialogues and with other cultures, the ability to plan and define actions, prioritize and manage time well, and confidence in the implementation of things as well as follow-up.
Careers Expo 2019 receives (1079) job opportunities today
17/10/2019
Organized by the Asharqia Chamber and witnessed a high turnout
Careers Expo 2019 receives (1079) job opportunities today
The 2019 Jobs Fair, organized by the Eastern Province Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, will continue on Thursday, October 17, at the Dhahran Expo.
On the fourth day, the exhibition will offer jobs for women besides other jobs that can accompany their families, where the number of women jobs reached 1079 jobs distributed by technical specialties (25 jobs), administrative (423), medical (151), engineering (113) and sales (192) in addition to various other functions, amounting to (175 posts).
The third day was Wednesday, October 16, 2019. put forward smoothly and without where the registered exhibition receives electronically after visiting the website of the exhibition and the introduction of personal data and upload CV.
After that, the job applicant receives his own code carrying his personal data, through which he can apply for the jobs offered by the companies through the code and without the need to carry papers or copies of the CV.
The exhibition offers 4500 job opportunities for students and students of special needs and special needs offered by 126 companies and institutions participating in the exhibition, in various technical, administrative, medical, engineering, sales, and other specialties.
In the atmosphere of an optimistic title about career prospects represent the continued activities of the exhibition where he saw a significant interaction of visitors from job seekers exhibition of various ages who moved between the factions participating investors this gathering large companies and institutions, where the place is packed with sounds that reflect how young people's interest in the discussion of specialists from company officials In the disciplines offered and transfer their field experience to them to have a share in the trade-off on the job.
During our tour, which was aimed at surveying the visitors, Ayman Al-Rabeh expressed his happiness to visit the exhibition. He said that he achieved great benefit through this large gathering of companies, praising the outputs of the exhibition, which made him proud that he succeeded in obtaining more than one job offer that suits his scientific specialization and in record time.
Faleh Al-Dosari, a graduate of Electronics Engineering Diploma from the College of Technology, praised what he saw in the exhibition, considering that this visit, except that he got job offers still thinking of choosing the best has enriched him from the trouble of looking for a job by traditional methods.
Dima Al-Shahrani and Sara Al-Jahiran, who are members of one of the companies participating in the exhibition, praised the results of the exhibition and expressed their admiration for the awareness of young job seekers and wished at the end of their talk that the culture of introducing young men and women themselves in order to get the appropriate job position for them.
Hiba Al-Khushaiban, who is affiliated with one of the companies, expressed her admiration for the increase in the number of visitors to the exhibition this year and the interaction of visitors seeking work with the offered jobs. She said that this exhibition will increase the educational sense of the citizen towards his future career and wishing to continue this exhibition for years to come and praising the efforts made by the organizers to make it successful.
Asharqia Chamber and the Ministry of Housing organize a workshop on investment in the management of real estate complexes
17/10/2019
Asharqia Chamber and the Ministry of Housing organize a workshop on investment in the management of real estate complexes
Discussed a workshop organized by the Asharqia Chamber within the activities of the Committee on Real Estate and Urban Development in cooperation with the Ministry of Housing, entitled investment in the management of real estate complexes of joint ownership, at the headquarters of the Chamber.
Ziad Al Tamimi, Director of Union Services Department, reviewed the importance of the Landlords Union and its impact in regulating the relationship between owners and occupants of real estate units, pointing out that the Union aims to preserve the rights and sustainability of the life of the property, ensure good use of the property, and promote a culture of coexistence, and paint a comprehensive picture when Union in promoting a culture of good neighborliness.
Tamimi talked about the initiative of sorting real estate units of the Ministry of Housing, pointing out that it is a service initiative working to divide a building or a real estate complex into several real estate units through which all information about the real estate unit and its share of the land area and the area of common areas in the property and use rights, where the service is provided electronically Through one of the accredited engineering offices so that the beneficiary can obtain a transcript of his authority to obtain title deeds.
On the objectives of the initiative, Al-Tamimi said that the establishment of a unified system and work procedures in all regions of the Kingdom, and reduce the time period to complete the process of sorting real estate units, and develop and organize the procedures followed for sorting real estate units, and preserve and ensure the rights of beneficiaries by identifying common areas and the share of each unit, in addition to finding An electronic system that facilitates and accelerates the process of sorting real estate units, and raising the level of efficiency, accuracy and sorting of real estate units.
Regarding the rights of the units, Tamimi explained that the screening process preserves the rights of the unit by determining the share of units in the common areas and their share of the land.
126 companies and institutions receives today's job seekers at the job fair 2019
17/10/2019
6 participating government agencies and free workshops are offered daily to visitors of the exhibition
126 companies and institutions to receive today's job seekers at the job fair 2019
On Wednesday, October 16, 2019 Jobs Fair, organized by the Asharqia Chamber under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Governor of the Eastern Province, on its third day, will welcome job seekers amid the participation of 126 companies and institutions offering more than 4500 jobs in addition to 6 government agencies.
On Monday, October 14th Opening exhibition high turnout by job seekers, where the exhibition provides a variety of jobs for men and women and people with special needs in various technical, administrative, medical and engineering disciplines and sales as well as other specialties.
On Thursday, October 17, 2019, companies will be reviewing the last day of the exhibition dedicated to families. to other functions in a variety of disciplines, which amounted to 175 jobs.
During a field tour, specialized companies were able to attract a number of qualified job seekers and new entrants in a number of required professions, which earned the attendees a kind of enthusiasm to continue to identify the rest of the companies and career opportunities they offer.
On the organization of the exhibition, Faisal Abu Telf, 23, a student at Abdulrahman Al-Faisal University, admired the smooth communication between the student and the participating establishments. He praised the idea of electronic registration of the exhibition, saying that it has reduced a lot of effort and presented the student work in line with the professionalism of the companies participating in the exhibition.
For his part, Fawaz al-Saad, a viewer, said that the exhibition this year added a new distinction emerged in the stages of organization, and attract new companies offering quality job opportunities, which can attract job seekers.
Saleh Al-Shraideh praised the services offered by the exhibition to the youth of this country by organizing this demonstration which contributes to support the development and economy and contribute in finding a way to demand livelihood for young people with their various scientific qualifications in an easy and smart way that prevents them from the traditional methods and make them many career options. fit their qualifications and desires and keep pace with their aspirations.
During the exhibition at 5 pm, free training workshops aimed at reviewing the steps of writing a CV professionally and keeping abreast of developments in this area, as well as a glimpse of practical culture and the most important professional ways to get a job.
The wings of the Ministry of Labor and Social Development and the Human Resources Fund (HADAF) also provide the necessary information needed by male and female students in relation to rights, duties, and obligations, as well as various other educational information.
The Expanded Education Meeting discusses facilitating building permits and supporting teachers' salaries
17/10/2019
The Expanded Education Meeting discusses facilitating building permits and supporting teachers' salaries
The expanded meeting of the education sector organized by the Asharqia Chamber within the activities and programs of the training and education committee discussed a number of important axes that contribute to the development of the working mechanism and raise the efficiency of the sector.
Chairman of the Committee, Khalid bin Hamoud Al Juwaira, said that the meeting, which was held on Monday 14 October 2019 at the chamber's headquarters, witnessed a qualitative participation of specialists and interested people, where he discussed several points of importance that work to identify the imbalance and the possibility of proposing appropriate solutions to all challenges.
He pointed out that the meeting emphasizes the importance of communication and aims to exchange ideas and put forward initiatives that specialists can come up with a bunch of development ideas for the sector.
He pointed out that the meeting discussed the issue of facilitating the granting of building permits to private schools with the building development company, and extend the validity of civil defense licenses to 3 years instead of a year, and also review the support of teachers' salaries from the Human Resources Fund (Hadaf), and review the decision to nationalize jobs educational and administrative.
Zakat and income reviews value-added applications for SMEs
17/10/2019
During a workshop in Asharqia Chamber
Zakat and income reviews value-added applications for SMEs.
During the workshop held by Asharqia Chamber on Tuesday, October 15, 2019, the Zakat and Income Authority reviewed the value-added tax and its application to SMEs, what is the value-added tax and the steps to be followed by SMEs for the registration process, and how to do it. calculated and how to submit a tax return and all the foundations upon which to build a provisioning mechanism.
The representative of the General Authority for Zakat and Income, Abdullah Mamdouh Al-Enezi, said that establishments whose annual revenues exceed SAR 375,000 are obliged to register in the VAT, while those enterprises whose annual revenues are less than SAR 187,500 are exempted from registration. that the size of the annual revenue ranges between Al187.500 and Al375.00 thousand riyals.
Al-Enezi pointed out that the period of submission of tax returns is determined by the volume of taxable annual supplies, stressing that each establishment has a single tax number, even if there are multiple activities, explaining how to avoid errors when submitting and filling forms and filing and calculating tax returns.
Al-Enezi pointed out that registration in the VAT is in accordance with a two-step procedure, whereby the taxable person is obliged to register first as a taxpayer for the purposes of Zakat or income tax, and then the second step comes to register according to the VAT. First, it must introduce some changes in the business system in several key areas, such as compliance with the VAT system and its executive regulations, preparing the accounting system and chart of accounts, as well as developing technology solutions in line with the tax system. J and applications, and make sure to save the accounts and activate the assessment and payment of tax systems.
Al-Enezi explained that the tax return form was simple and easy to deal with by the establishments subject to the tax system, and it is compatible with all users, pointing out that the tax return is one of the most important requirements for the establishments, stressing the need to request a tax invoice from the supplier when buying the commodity.
For his part, Salim Mutlaq Al Mutairi, the representative of the Authority, spoke about the communication channels provided by the Authority to achieve effective communication with the establishments, saying that the Authority provided about five information channels to keep all establishments fully aware of the latest developments, both through mobile applications, which provide A convenient platform for VAT information, or the website, which is the main information platform or unified call center to provide information and respond to inquiries, as well as conduct events and workshops with various entities to introduce the VAT and its application systems, Connect with the body through e-mail to all establishments in the Kingdom.
Prince of the Eastern Region inaugurates Careers Exhibition 2019
17/10/2019
With the participation of 114 companies, institutions and government agencies and the assignment of 109 jobs for people of determination.
Prince of the Eastern Region inaugurates Careers Exhibition 2019.
Al Khalidi: More than 4500 jobs will be presented during the exhibition this year.
His Royal Highness opened, Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, on Monday 14 October, the activities of the functions of 2019 m exhibition, organized by the East Room for the sixth consecutive year, on the exhibition grounds Dhahran Expo, Dammam - coastal news, and will continue until October 17, 2019.114 companies, institutions and government entities participate.
His Highness the Emir honored the exhibition sponsors and supporters. His Highness received a commemorative plaque in recognition of his sponsorship of the exhibition since the launch of the first edition. His Highness listened to a comprehensive explanation from the Chairman of the Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, As one of the most important targets of Vision 2030, His Highness toured the exhibition with the Chairman and members of the Board of Directors.
Al-Khaldi said that the exhibition, which the Chamber is keen to hold annually, is aimed first: to support the efforts of Emiratisation in the private sector, by offering a large number of jobs with multiple options for job seekers, amounted to more than 4500 jobs, and secondly: highlighting the role of the business sector Third: Providing job opportunities for Saudi youth, and fourth, achieving communication between the various authorities concerned with training, employment and human resources management. Thus creating an atmosphere of professional awareness, and raise the level of the concept of professional culture among applicants and providers both work opportunities.
Al-Khaldi added that the companies and institutions offer various job opportunities for young men and women job seekers and special jobs exposed to people with special invasions. The number of jobs for women is about 3462, while the number of jobs allocated to women is about 1079. Also, 109 jobs have been allocated to people with special needs. The actors involved in the selection of qualified and communicate with them directly without having to handle paperwork.
Prince of the Eastern Province today sponsors the 2019 Jobs Fair
13/10/2019
It is held by Asharqia Chamber on the land of Dhahran Expo with the participation of 114 companies, institutions and government
Prince of the Eastern Province today sponsors the 2019 Jobs Fair
Al-Khalidi: More than 4500 jobs will be offered to men, women, and people with special needs
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Province, is sponsoring for the sixth year in a row the functions of the 2019 Jobs Fair, organized by Asharqia Chamber on the land of Dhahran Expo, during the period from 14 to 17 October 2019 with the participation of a large number of companies and institutions concerned with resettlement, training, and Saudization, on the ground shows Dhahran.
The Chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, appreciated the patronage of His Highness the Prince of the region and considered the exhibition an important step to support the national transformation project in the Kingdom's Vision 2030.
Al-Khaldi explained that the exhibition witnessed a large turnout by companies and commercial institutions with the active and positive participation of many companies and agencies concerned with the issues of resettlements and training, where 114 companies and institutions and government agencies participate in the activities of the exhibition, stressing the government participation in this edition, which reflects the importance of the exhibition Supporting the development of human resources .. Referring to the participation of: Ministry of Labor and Social Development, and the Human Resources Development Fund (Hadaf), with special suites for each facility offering public services to the public.
Al-Khaldi said that the exhibition, which is held annually, aims first: to support the efforts of resettlement in the private sector, where it offers a large number of jobs with multiple options for job seekers, amounted to more than 4500 jobs, and secondly: highlighting the role of the business sector in attracting national talent and third: providing Employment opportunities for Saudi youth, and fourth: Achieving communication between the various agencies concerned with training, employment and human resources management. Thus creating an atmosphere of professional awareness and upgrading the concept of professional culture among job seekers and job seekers alike.
Al-Khaldi said that companies and institutions offer various job opportunities for young men and women job seekers and special jobs exposed to people with special needs, pointing out that a number of opportunities will be offered in specializations (engineering, administrative, medical, technical, sales, and other specialties).
There are 3462 jobs for men, 1079 for women and 109 for special needs.
The beneficiaries of the exhibition are required to register in advance through the electronic platform for pre-registration in the exhibition. This feature enables the job applicant to enter directly to the exhibition and tour between companies and institutions exhibiting jobs without having to bring the CV or print or photocopy it to paper copies to apply. All the information in the CV will be present in advance on the electronic platform associated with all exhibitors.
Al-Khaldi pointed out that the early registration service means that all the information of job applicants will be within the database of participating companies directly, which enables them to choose competencies and communicate with them directly without the need to deal with paperwork.
For his part, Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabel said that the exhibition will receive visitors on two periods starting on Monday, 14 October (for youth) in the morning from 10.30 am to 2 pm, and in the evening from 4 pm to 8 pm, and on Tuesday 15 October (for youth) in the morning from 10 am to 2 pm, and in the evening from 4 pm to 8 pm, and on Wednesday 16 October (for youth) in the morning from 10 am to 2 pm, and in the evening from 4 pm to 8 pm.
The exhibition also receives visitors from (families) on Thursday, 17 October in the morning from 10 am to 2 pm, and in the evening from 4 pm to 8 pm.
General Authority for Customs: Launching a portfolio of projects worth four billion riyals
13/10/2019
During a workshop in the Asharqia Chamber
General Authority for Customs: Launching a portfolio of projects worth four billion riyals
Majid bin Ali Al Hilal, General Supervisor of the General Administration for Operation and Maintenance, confirmed that the Authority is currently working on the implementation of a portfolio of projects worth 8 billion riyals between infrastructure and administrative buildings, residential and technical projects, and is preparing to launch a portfolio of projects worth 4 billion riyals In the period from 2019 to 2023, he pointed to the criteria followed by the Authority in choosing what he called the partners of future success, such as being a company registered legally and experienced in the implementation of similar projects and have the qualifications to meet the needs of the project as well as solvency Adequate health and safety requirements.
This came during a workshop organized by the Chamber of Eastern Province on Sunday, 13 October 2019, and entitled (current and future customs projects), and moderated by a member of the Board of Directors and Chairman of the Contracting Committee in the Chamber, Hamad bin Hamoud Al-Hammad, who in turn stressed the changes in the national economy, of great changes and openness He pointed out the serious steps taken by the Kingdom towards achieving its logistical position and enhancing its gains in line with the aspirations of vision 2030.To be the first Kingdom in the world in the performance of logistics services and flow through it and world trade, thanking the General Authority of Customs for its efforts in stimulating the movement of the national economy, and the qualitative leap that contributed to the rise of the private sector and facilitate and facilitate its roles in the national economy in line with vision 2030.
He explained the workshop, which includes the themes that shed light on the map of future projects of the Saudi customs, and provides a detailed explanation of the customs regulations and standards and mechanisms for registration and qualification of contractors and how to purchase tenders electronically, but to achieve our economic objectives and enhance the levels of partnership between the public and private sectors, stressing that the partnership It contributes to increasing our economic gains by reaching a sophisticated and efficient customs system.
Al-Hilal said that the General Authority of Customs is located in about 14 airports in the Kingdom, 11 ports and 15 land ports and that according to its current and future projects, it is teeming with investment contracts and opportunities for national companies. Reaching the Authority to achieve its objectives with regard to the model outlets;He pointed out that a package of incentives has been put in place for national companies that will deal with the Authority in setting up their projects, such as giving the client company an advance payment of up to 20% of the contract value without a higher ceiling, while allowing the increase in the contract value of up to 20% as well as the exchange of receivables within three weeks of its adoption.
Al Hilal reviewed before the attendance of entrepreneurs capital projects and facilities management of the Authority and how the Authority manages its relationship with suppliers, so that suppliers are aware of all the steps and paths needed to deal with the Authority in the implementation of its projects, pointing out that the mission of the Authority is a serious contribution to stimulate the national economy and enable the Kingdom is able to achieve its goals set by Vision 2030 to be a global logistics center through facilitating trade, achieving revenue, caring for the customer and protecting the country and society efficiently and effectively.
At the end of the meeting, Hamad bin Hamoud Al Hammad, member of the Board of Directors and Chairman of the Contracting Committee, presented a commemorative shield to HE the General Supervisor of the General Administration for Operation and Maintenance, Majid bin Ali Al Hilal.
Hadaf: 6 conditions to join the "Hadaf" academy for leadership
10/10/2019
During a meeting Tuesday at the branch of the Eastern Chamber in Jubail
Hadaf: 6 conditions to join the "Hadaf" academy for leadership
The Human Resources Development Fund (HADAF) has announced six conditions for enrollment in the HADAF Leadership Academy, which aims to develop future leaders from the private sector in the Kingdom, in support of the outstanding quality of Emiratisation for leaders with the ability to plan creativity and innovation.
Fund Manager in Jubail Abdullah bin Hamad Al-Bu'ali and Saud bin Nasser Al-Omair, Director of Hadaf Leadership Academy, spoke during Tuesday's monthly meeting of businessmen organized by the Eastern Chamber in its branch in Jubail.It witnessed a remarkable attendance that the Academy relies on the transfer of global expertise and the activation of the principles of effective and effective leadership through many cases and practical projects, and transfer of best practices globally and guidance and follow-up and direct simulation or through virtual halls with distinguished experts globally.
The objectives of the Academy are to help the private sector establishments to build leadership competencies and choose the most suitable for leadership positions, to give the trainees the competencies of team leadership and business leadership, and to benefit from global models in leadership development.
As for the stages of implementing the training program for the leaders of the Academy, the first stage includes registration and evaluation of the applicants and their choice to attend the program, while in the second stage, the candidate is offered 5-day direct training and distribution of learning application projects. 4- 6 weeks to apply what he learned in the program, while during the fourth and fifth stages, five days of direct training, and presentation and discussion of projects and graduation ceremony.
In order to join the Academy, the applicant must be a Saudi national, be on the job at a private sector facility, have at least a bachelor's degree, and be proficient in English. The guests were honored with two commemorative shields.
Asharqia Chamber provides specialized consultations for entrepreneurs in its branch in Jubail
10/10/2019
Asharqia Chamber held its branch in Jubail on Wednesday, October 9, 2019, `` Free Consultation Program '' for small and medium-sized entrepreneurs or those who have a project idea and want to consult, including a number of tips and guidance and proposals for appropriate solutions to the obstacles facing owners of these enterprises in the areas of marketing, management and finance.
The program is aimed at those wishing to start their own business and the owners of small and medium enterprises, as well as those interested in this regard, where the staff of the Chamber participated in this program, provided advice and guidance and advice to develop their business and projects.
The program is implemented by the Chamber represented by the Center for the development of small and medium enterprises throughout the year in its headquarters and through its branches in the governorates of Jubail, Khafji, and Qatif.
An agreement to establish a civilization figure in Al-Khobar between the Secretariat and the Asharqia Chamber
10/10/2019
On Wednesday, October 9, 2019, the Eastern Province Secretariat and Asharqia Chamber, represented by the Business Youth Council, signed an agreement to establish a civilized model in the most vital areas of Al Khobar.Where the new intersection, which has been re-designed to facilitate traffic to and from the Khobar Corniche.
The signing ceremony was attended by HE Fahad bin Mohammed Al-Jubair, Eastern Province Secretary, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, Chairman of Asharqia Chamber, and several officials from the region and business leaders.
Al-Jubeir stressed that this agreement comes within the framework of the general orientation of the State to provide the opportunity for the private sector to contribute to development, as well as the continued interest in developing and beautifying the entrances and roads of all cities, praising the constructive and fruitful cooperation between the Secretariat and the Chamber in many of the previous projects, and that the Chamber of expertise and potential What qualifies them to carry out public and private projects with high efficiency, pointing out that the model will be a landmark of the city of Khobar.
Besides, Chairman of Asharqia Chamber of Commerce Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that this initiative from the Youth Council of the Eastern Chamber, in cooperation with the Eastern Secretariat, to establish an aesthetic figure in the province of Al Khobar; Under the leadership of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Governor of the Eastern Province, and His Royal Highness, His Royal Highness Prince Ahmed bin Fahd bin Salman, stressing that this initiative comes in line with the quality of life program and its objectives, to provide a better life for the Saudi citizen creating the necessary environment to support and develop new options that enhance the values of belonging and loyalty to this given land.
Al-Khaldi pointed out that the figures of cities, in general, play an important role in raising the morale of individuals and motivate them to work and production, as well as the aesthetic appearance that they give to human life and living.
Al Khaldi explained that the model will be located in the most vital areas of Al Khobar city, where the new intersection, which has been redesigned to facilitate the movement of traffic to and from Al Khobar Corniche, will form an important visual axis in all directions. Represented by HE Fahad bin Mohammed Al-Jubeir in the development of the urban system.
Al-Khaldi stressed that the Chamber always strives to provide distinguished services through programs and initiatives of a holistic and developmental nature, and that the construction of a cultural figure in the city of Khobar is a realistic expression of the extent of real partnership between all institutions of society to assume its responsibility towards the community in order to achieve sustainable development.
For his part, Chairman of the Executive Council of Eastern Youth Businessmen, Abdullah bin Faisal Al-Braikan, said that this figure is a gift from the youth of the eastern region to the homeland; Pride and pride for young people and a confirmation of their belonging and loyalty to the homeland and its capabilities.
Al-Brikan expressed his sincere thanks and appreciation for the support of the Youth Business Council from the official bodies and institutions in the Eastern Region, headed by the Secretariat of the Region led by Eng. Fahd Bin Mohammed Al-Jubeir to overcome all challenges and create the necessary environment for the youth of the Eastern Region to maximize their roles in the service of national development.
He said that the construction of a permanent landmark in the city of Al-Khobar refers to the existence of the Council and its fingerprint and its impact on society, supports the Council's presence more closely to the community in all its categories, pointing out that the idea of creating a creative model with a unique design and distinctive additions, but contributes to enhance the role of youth in society It emphasizes their role towards the homeland.
For his part, the Mayor of Khobar, Sultan bin Hamed Al-Zaidi, said that the model comes at a time when the city of Khobar is witnessing a developmental movement in various sectors, and that it represents a real embodiment of one of the most important objectives of the Municipality of Khobar, where community partnership in achieving development, pointing to what we adopt The Municipality has a vision of excellence in making the city of Al-Khobar a civilized city that has all the modern elements and compatible with the requirements of quality of life, praising the role of the Eastern Chamber in the service of the country and society and it is always ahead of the social participation and play a leading role in the city and the entire region Ware at all levels.
Asharqia Chamber and the "Zakat and Income" organize a workshop on VAT
10/10/2019
Asharqia Chamber, in cooperation with the General Authority for Zakat and Income, is organizing a workshop on the application of VAT for small and medium enterprises, which will be hosted by the Chamber's headquarters on Tuesday 15 October 2019.
The workshop, which will be held at 10 am, will review several topics, including procedures and steps for registration of facilities, the mechanism of issuing bills, and how to submit declarations, in addition to the procedures of violations and sanctions.
The workshop is a continuation of the joint cooperation between the Chamber and the Authority in order to raise the tax awareness of the SME sector.
More than 690,000 payment orders issued by "Etemad"and 182,000 competitions launched by the platform
10/10/2019
During a workshop organized by the Eastern Chamber in cooperation with the Ministry of Finance
More than 690,000 payment orders issued by "Etemad" and 182,000 competitions launched by the platform.
Abdullah Amira, a "platform of credit" at the Ministry of Finance that the platform issued payment orders of more than 690 thousand orders, noting that the number of user accounts from the private sector exceeds 52 thousand users, pointing out that the number of competitions put forward through the "adoption" exceeded 182 thousand competitions .
Amira said during the workshop organized by the Chamber of Commerce and Industry within the programs and activities of the Contracting Committee entitled `` Accreditation Platform '' Tuesday 8 October 2019 and moderated by Board Member and Chairman of the Committee Hamad bin Hamoud Al-Hammad, that the "adoption" electronic platform for government financial services to various government agencies and the private sector The adoption of a leading electronic platform for government financial transactions promotes transparency in the procedures and contributes to the development of the economy and achieve the vision of the Kingdom 2030, pointing out that the digital transformation through the automation of all the services of the Ministry of Finance through Procedures and full supervision of contracts and follow-up and raise the efficiency of government spending.
He explained that "Etemad" aims to reduce the default of projects by unifying the procedures of raising financial claims, disbursement and payment orders, etc. for all government entities, as well as to provide greater opportunity for the participation of emerging and medium enterprises, in addition to full supervision of contracts and follow-up as well as the implementation of projects. As well as see the schedule of payments due and forthcoming and prepare for them.
He pointed out that the bodies used for the platform "Etemad" is the government agencies that submit their applications and statements to the Ministry of Finance as well as the Ministry of Finance by receiving requests from government agencies and processing and disbursement of payments and centers of excellence to monitor performance such as the Center for completion and rapid intervention, as well for researchers and decision-makers to provide different and statistical information.
He pointed out that the services of the platform "Etimad: is to provide electronic services in all matters relating to the budget of government agencies and the necessary movements through the distribution of the budget and strengthen the budget and the presentation of the budget and budget planning and budget transfers, in addition to tender and examination of offers and awarding electronically also enables the private sector has access to tenders, receiving invitations, purchasing brochures and submitting them electronically.
He stressed that the platform is working to provide the availability of solidarity contracts and the evaluation of suppliers and the provision of grievance and the request for extension and pre-qualification and subsequent rehabilitation soon, adding that the platform provides management of everything related to contracts and baptisms for electronic registration until obtaining the necessary approvals from the government and the Ministry of Finance through the registration of contracts and clearance of contracts, as well as enabling government agencies to submit financial claims for their projects with suppliers through the orders of disbursement and payment electronically.
AlSharqia Chamber and the Ministry of Finance organized a workshop on the change management project for the government competition and procurement system
10/10/2019
Asharqia Chamber in cooperation with the Ministry of Finance organized a workshop on the change management project for the government competition and procurement system on Tuesday 8 October 2019 at the Chamber's headquarters.
The workshop, which was inaugurated by Board Member and Chairman of the Industry and Energy Committee Ibrahim bin Mohammed Al Sheikh, reviewed the most important initiatives and ideas that will be part of the new system.
Al-Sheikh said during the workshop, which was attended by Eng. Mohammed Al-Omar, Advisor to the Center for Efficiency of Spending Efficiency and Abdul Aziz Al-Subaihi from the Local Content Authority and Mishari Al-Obaid, Legal Advisor to the Center for Efficiency of Spending Efficiency. The new government competition and procurement system and its materials and items aim to regulate the procedures related to government works and procurement and to prevent the exploitation of influence and influence of personal interests therein, in order to protect the public money and promote Fairness, competition, and equality and provide fair treatment among competitors.
AlSheikh pointed to the UAE's great interest in programs to achieve financial balance and manage financial resources efficiently and efficiently, as it actively sought to promote the values of competition, transparency, and integrity in accordance with the best practices in force globally in all competition procedures and government procurement.
Al-Sheikh said: The new government competition and procurement system is a response to the new developments witnessed by the national economy at various levels and in line with the most important contents of the Kingdom's Vision 2030; It achieves our targets for local content and national industry.
Asharqia Chamber organizes a course on investment in electronic applications
10/10/2019
Asharqia Chamber organized a session on investment in electronic applications which was hosted by the headquarters on Sunday, October 6, 2019.
The session, which was presented by the consultant Khalid Al-Shaleel, witnessed a number of topics such as the possibility of selecting applications that are compatible with mobile and tablet devices, how to achieve revenues and profits from electronic applications, and the basis of choosing the implementation, programming and writing contracts.
Al-shaleel also reviewed ways to reduce the cost and the period of stability and launch, as well as methods of publicity and marketing, in addition to the mechanism of protection and backup and application management and supervision and technical support team.
The session saw the importance of the continuous development and modernization of the work of applications, and a review of local and international experiences.
The Ministry of Labor and Social Development and the Human Resources Fund participate in Careers 2019.
10/10/2019
there is a remarkable turnout from private companies and institutions.
The Ministry of Labor and Social Development and the Human Resources Fund participate in Careers 2019.
The Ministry of Labor and Social Development, the General Organization for Technical and Technical Education, and the Human Resources Development Fund (Hadaf) are participating as supporting partners within the government agencies participating in the 7th edition of Careers 2019 organized by the Eastern Chamber under the patronage of HRH Prince Saud bin Nayef The period (14-17 / 17/2019), on the grounds of Dhahran International Company (Dhahran Expo).
The exhibition is witnessing a remarkable turnout of companies and institutions to participate in the most prominent event in the field of employment in the region, where this copy received attention by companies and institutions and government agencies and civic organizations concerned with the development of human resources, which began to reserve places in the exhibition in preparation for participation.
The Chamber provided an electronic platform through which companies participating in the exhibition can identify the data of researchers about the work of applicants to the exhibition and registered on the website through contact data or barcode sent to the registrants in the site on their e-mail.
The beneficiary can register electronically - which is mandatory - through the registration icon on the website of the exhibition, which was made available by the Asharqia Chamber through the home page of its website, so that he can then directly enter the exhibition without the need for registration, also does not have to bring a resume or Print or photocopy them to copies to be submitted to existing companies, as all information in the CV will be registered on the website and companies can view them directly when attending the exhibition, and this service saves effort and time on requesters Job seekers and eliminate what can distract them from the main objective so that they can review the appropriate career opportunities for them.
The early registration service means that all the information of job applicants will be in the database of participating companies directly, enabling them to choose the competencies and communicate with them directly without the need to deal in paper.
It is worth mentioning that the sixth edition of the exhibition aims to support the efforts of jobs settlement in the private sector, highlighting the role of the business sector in attracting national talent, providing job opportunities for Saudi youth, and achieving communication between the business sector on the one hand, and training and employment service providers and resource management specialists. The exhibition is an essential channel for job seekers and opens the door to national competencies, which are looking for job opportunities that highlight their energy, achieve their personal aspirations, and support the development options that have no limits.
ِAsharqia Chamber organizes an introductory workshop on the adoption platform
10/10/2019
Asharqia Chamber organizes activities and programs within the committee contracting introductory workshop for the adoption of the platform, and its services targeted at the business sector, hosted at the main room in the corresponding headquarters on Tuesday, October 8th, 2019.
The workshop will review a number of topics, including the financial sector development program and strategies, an overview of Saudi payments in addition to the current challenges in billing and payments between business, value provided, platform delivery, and delivery of institutions, as well as integration and data exchange.
The workshop also examines the platform-related features that serve the business sector in reducing costs, increasing efficiency, speed of collection, and improving financial management through the automatic reconciliation of invoices with payments.
Al Jubair Inaugurates 'Eastern Food Traders Exhibition 2019'
06/10/2019
Participating enterprises representing 24 sectors related to the food industry
Al Jubair Inaugurates "Eastern Food Traders Exhibition 2019"
HE Fahad bin Mohammed Al-Jubair, Minister of Eastern Province, inaugurated the Eastern Province Food Traders 2019, organized by Limitless Events & Conferences (LMTLSS EVENTS) and in strategic partnership with the Asharqia Chamber and Dhahran International Exhibitions continues until Friday 4 October 2019. In the land of Companies Dhahran Expo Showrooms.
His Excellency Al Amin toured the pavilions in the presence of HRH Prince Alwaleed Bin Nasser Bin Farhan Al Saud, Chairman of Koot Society, accompanied by the Vice Chairman of the Chamber and Chairman of the Hospitality and Entertainment Committee, Hamad Bin Mohammed Al Buali. Direct and indirect relationship with foods.
The exhibition, which is the first of its kind in the region, includes all food-related institutions, and aims to be a platform for launching new products, creating promising investment opportunities in the field of food and promoting positive competition between institutions working in this area, and bring new ideas and visuals Increasing awareness of trade relations and exchanging services and information in the food sector in all its sectors and specialties, he said, adding that it is a site for displaying the services and products of food establishments from "suppliers, owners of restaurants and cafes", as well as ancillary services institutions.
He pointed out that the organization of such an exhibition specializes in foods comes from the importance of "food" from the economic point of view, it is a leading activity in support of many different economic activities, including commercial, industrial and services, as well as being a sector that includes several diverse areas representing investment opportunities, and business areas attracting Investments and experiences both national and foreign.
He pointed out that the exhibition is considered one of the target destinations as it provides the most prominent companies and capitals important in this vital sector, which records successive achievements and confirms the extent of development and guides one of the important destinations in the efforts of localization, indicating that many companies operating in it renewed and presented itself in a modern proportion With the positive change taking place in the Saudi economy, inviting those interested to visit the exhibition and take advantage of the companies participating in it.
Eng. Fares: 105 million tons of capacity for King Abdulaziz Port
06/10/2019
It reviewed the achievements of the port during the monthly meeting of businessmen Tuesday in Asharqia Chamber
Eng. Fares: 105 million tons of capacity for King Abdulaziz Port
The Director-General of King Abdulaziz Port in Dammam, Eng. Waleed bin Fares Al-Fares assured that the port has witnessed many development projects in response to the great rise in business in the economic and commercial sector in the Kingdom in line with the Kingdom's Vision 2030.
Al-Fares said during the meeting Tuesday of the businessmen in the Eastern Chamber held on Tuesday evening, October 1, 2019, which was moderated by the Secretary-General Abdulrahman bin Abdullah Al-Wabel in the presence of the Vice President Hamad bin Mohammed Al-Bu'ali, that the port operates with an operating capacity of 23 coastal cranes STS, 43 berths and 71 RTG handling crane, and four stations on an area of 190 kilometers, with a capacity of 105.48 million tons, where the port handles different types of cargo, including containers and general, solid and bulk cargo.
During the meeting, which witnessed the presence of a large number of businessmen, Al-Fares talked about the project of truck management as a project designed with the latest technology aimed at booking and tracking trucks, through which the work of entering trucks to ports and managing them efficiently in accordance with the port size and absorption.
Al-Faris pointed to the summary of productivity for the first half of this year on the number of containers handled and compared to the same period last year, reaching 887,510 containers, an increase of 18.3% from last year, which amounted to 749,903 containers. An increase of 10.5% over the previous year, which reached 15,210,359.
Al-Fares pointed out that King Abdulaziz Port is open to the business sectors and always mimics its desires to develop in proportion to the available possibilities.
it is noteworthy that King Abdulaziz Port in Dammam was established in the year (1367 AH - 1947) by Aramco in response to the oil industry, where it started operation through two floating berths suspended inside the sea connected by land to the railway length of 13 km to receive the increasing cargo. In 1381 AH / 1961 AD, the new Dammam Port was inaugurated and named King Abdulaziz Port. In 1397 AH, the General Establishment for Ports was established and the port was under its umbrella.
At the end of the meeting, Deputy Chairman of
Asharqia Chamber Hamad bin Mohammed Al-Bu'ali, confer honor upon Director-General of King Abdulaziz Port in Dammam, Eng. Waleed bin Fares Al-Fares.
The Head of Productive Loans at the Social Development Bank reviews the mechanism of supporting small and medium enterprises
01/10/2019
During the meeting of entrepreneurs of Asharqia Chamber
The Head of Productive Loans at the Social Development Bank (SDB) reviews the mechanism of supporting small and medium enterprises.
Head of Productive Loans Department at the (SDB ) Khalid Bin Ahmed Al-Ghamdi said that since its establishment in 1391, the Bank has been striving to be a leader in enabling social development tools and enhancing the financial independence of individuals and families towards a vibrant and productive society.
Al Ghamdi said during the meeting of entrepreneurs organized by the Chamber within the programs of the Youth Business Council, on Tuesday evening, September 30, 2019, and managed by the Council member Mohammed bin Khalid Al Mohammadi in the presence of the Council President Abdullah bin Faisal Al Breikan, (SDB) aims to provide interest-free loans to small and emerging enterprises and owners of trades. (SDB) provides interest-free social loans to low-income citizens to help them overcome their financial difficulties and encourages savings for individuals and institutions in the country, and find tools that achieve the aim.
Regarding the advantages of the products of the (SDB) Al-Ghamdi said that the advantages offered by the bank help to promote the businessmen as the bank provides interest-free financing, in addition to the permitting period starting from the date of disbursement of the first payment for 18 months and more, and easy installments and repayment period up to 96 months. In addition, the bank carries out special programs that qualify and sponsor entrepreneurs through training courses and free financial and marketing consultations.
Regarding the stages of applying for loans provided by the (SDB) Al-Ghamdi explained that at the beginning, the application for financing should be sent electronically then, after which the application is opened to come to the stage of personal interview, The applicant will then be enrolled in qualifying training courses, then prepare a work plan for the project. Finally, sign contracts and disbursement payments.
One of the non-financial services provided by the bank is the initiative of the Delni Business Center, which is interested in providing a package of non-financial services for small and medium enterprises, ranging from training, consulting and extension, with the aim of improving the performance of small and emerging enterprises and develop them to meet the challenges of understanding the market and the regulatory environment and how to manage business and access to the market, competition and tripping prevention. At the end of the meeting, al-Ghamdi was honored with a memorial shield.
Asharqia Chamber organizes a meeting for recruitment in the Eastern Province on Wednesday
28/05/2019
On Wednesday 29 May 2019, Asharqia Chamber will organize an expanded meeting of the recruitment sector, which examines the most important issues and challenges facing the sector at present in the light of new trends and developments in the market.
The meeting, which will be held at the headquarter of the Chamber in Dammam at 1 pm, is considered as a model of mediation contract in the recruitment of domestic workers and what this model carries with it the advantages of ensuring the smooth flow of recruitment and the preservation of the rights of all parties to this process.
The Events Fund at Asharqia Chamber launches the Eid events at the Green Arena
26/05/2019
The Events Fund in Asharqia Chamber will launch the first days of Eid Al Fitr 1440 celebrations of the people of the Eastern Region, which will witness many new and varied events, and the pleasant surprises that will be a gift provided by the Fund to the people and visitors of the region during the days of Eid through more than 70 activities, which will be held in the hall of the General Authority of Sport in Dammam (Green Arena) and a number of sites.
The Chairman of the Board of Directors of Asharqia Chamber and Chairman of the Fund of Events Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the celebrations, which are under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, will reflect the attention of the Events Fund in the provision of entertainment programs, with a new program is tailored to the tastes of visitors.
He pointed to the Fund's keenness to provide a range of events that reflect the interests of children in a number of sites.
He pointed out that the invitation is general to all and that all the events are provided free of charge and will continue for five days.
Al-Khaldi stressed the keenness of the Events Fund, represented by businessmen in the Eastern Region, to meet and implement the wishes of the people and visitors of the region during Eid al Fitr.
He reviewed a range of initiatives and new ideas that are rich in the entertainment world to eventually lead to a variety of activities aimed at entertainment and win prizes on a daily basis.
Al-Khaldi pointed out that the Eastern Region receives guests from the people and residents of other areas throughout the year, especially in the holidays.
It is imperative for us in the Board of Directors of the Events Fund to receive them with modern events in line with what they expect to find in the region, which was known to attract a qualified team and able to provide new ideas outside the framework of repetition.
Al-Khaldi said that all these great efforts are provided and supervised by a team capable of implementing the strategy that was drawn to manage the celebrations, and the field plans to ensure that all works are carried out in accordance with the high standards used by Asharqia Chamber in carrying out its functions.
Asharqia Chamber urges tourism and travel offices to facilitate the procedures of citizens who are wishing to change their destination from Turkey to other countries
24/05/2019
Asharqia Chamber urges tourism and travel offices to facilitate the procedures of citizens who are wishing to change their destination from Turkey to other countries.
Al-Khaldi: The harassment of the Saudis in Turkey is a result of the hostility of the Turkish government and its media towards the Kingdom.
Asharqia Chamber urges tourism and travel offices and companies in the Eastern Region and all regions of the Kingdom to facilitate procedures for those who are wishing to modify their reservations or change their destination from Turkey to other countries that respect their visitors and protect their lives and property.
He also urges the citizens themselves to not to go to Turkey and planning to spend their summer holidays, whether in local destinations or in other countries are able to provide protection and safety for them due to the background of the harassment and threats that have been suffered recently by many Saudi citizens, whether they were visitors went to Turkey for tourism or investors in Turkey.
The chairman of Asharqia Chamber Abdul Hakim bin Hamad al-Ammar al-Khaldi said that many ordinary Saudi citizens or investors have been subjected to a lot of duress, theft, extortion and threats when they visit Turkey during the year 2019.
He pointed out that the frequency of harassment and threats have risen a lot against Saudi citizens in recent times, and it is an extension of the hostility of the current Turkish government and some of the Turkish media towards the Kingdom and its leadership.
Al-Khaldi pointed out to the statement of the Saudi Embassy in Turkey, which stressed the number of problems and threats faced by citizens, whether in the field of real estate in Turkey, such as lack of access to the title of ownership or acquisition of title deeds restricted by mortgage, in addition to preventing them from entering their homes despite paying the full value of the property and threatened by the contracting companies, and not to deliver them on time, which was agreed in the contracts between the citizen and the real estate company.
He pointed out that the Saudi tourists and investors are not completely safe there and that the Chamber by virtue of its position and responsibility appealed to the citizens and business sector again the risk of going and investing in Turkey, especially at the current stage, where there are many cases of exposure to Saudi citizens.
Al-Khaldi stressed that the hostile practices against the Saudis in Turkey will have a negative impact on the direction of the future Saudis, whether they are investors or tourists there because it will undoubtedly limit the Saudi tourist's trip there, as well as the retreat of the Saudi investor from investing there.
The communication meeting is attended by a large number of presidents and council members in Asharqia Chamber
24/05/2019
On Wednesday 22 May 2019, Asharqia Chamber was held a communication meeting with members of the Chamber's Board of Directors and Secretaries General with the participation of a number of presidents, members and trustees at the headquarter of the Chamber.
The Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, during the meeting which witnessed the attendance of the members of the Board of Directors for the current session, said that this meeting is one of the initiatives that contribute to communication with the owners of long experience in the economy and finance in the Eastern Province, who took over in the Chamber for long periods, where they contributed to the development of the mechanism of work in different sectors and made time and money to serve the business sector in the region.
Al-Khalidi said that thanks to many of the presidents, members and trustees who have responded to the invitation.
He pointed out that the meeting was not planned to be a passive meeting but is like a workshop benefiting the current Council and draws strength from their experiences in the economic and social levels.
Al-Khaldi thanked all those present and participated in the meeting, which was characterized by the brotherly nature of the gathering of businessmen.
He stressed that the Eastern Region is characterized by specific initiatives and boasts of the competencies and energy that enables them to individualize and provide distinctive ideas.
Asharqia Chamber organizes the annual ceremony of its employees to honor those who have spent five years and its multiplications
24/05/2019
Asharqia Chamber honored 45 employees of its employees who had spent five years and its multiplications in the work in the Chamber, during the annual employees' ceremony that was held on Tuesday 21 May 2019 with the presence of the Chairman of the Board of Directors Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, the Vice-President Hamad Mohammed Al-Boali, members of the Council Najib al-Sihati, Abdul Rahman Al-Suhaimi and Hamad al-Hammad, in addition to the Secretary General of the Chamber Abdulrahman Al-Wabel.
During the ceremony, the chairman of the council, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, confirmed that the Chamber is keen to improve the internal work environment in the Chamber, which is the basis for accomplishing the achievements that we are looking forward to and we strive to achieve them in light of the great challenges and the great hopes.
He praised at the same time the efforts made by employees during the past period, which have been many achievements, which resulted in a series of bids for the economy and society in the Eastern region.
For his part, the Secretary General of Asharqia Chamber Abdul Rahman Al-Wabel said that this event is one of the activities carried out by Asharqia Chamber that aims to motivate employees and thank them and their bids and sacrifices in the service of this entity that is proud of its people, who are a sheild in the battle of creativity and achievement.
Al-Khaldi: "Portfolio of emerging technologies" is a pioneering step to support the renewal and digitization of the national economy
24/05/2019
After being launched by the Ministry of Communications and Information Technology:
Al-Khaldi: "Portfolio of emerging technologies" is a pioneering step to support the renewal and digitization of the national economy.
Al-Bajash: Four positive results from the launch of the emerging technology portfolio.
The Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi described the launching of the emerging technologies portfolio that worth SR1 billion to generate and qualify 3,500 small projects by the Ministry of Communications and Information Technology as a "pioneering" step to support Saudization options in one of our most important sectors (ICT), which is supporting the Government's good intentions in creating the incubator environment for small and medium enterprises and supporting the renewal and diversification of the national economy.
Al-Khaldi commented on the agreement signed by His Excellency Minister of Communications and Information Technology Abdullah Al-Sawahah with the Development Bank to launch this portfolio as "an interactive step with the technological and scientific development witnessed by our country, and at the same time, it is a response to today's data that is characterized by the advantage and vitality of self-employment, especially in the sectors of investment attractiveness such as the ICT sector."
He explained that this sector is a large sector of Saudi youth who are dealing with modern technologies and means of communication in various forms and types and in various ways.
Therefore, their willingness to work and invest in this area appears to be stimulating and encouraging.
Al-Khaldi added that modern life is highly dependent on communications and information technology, so this sector represents a large market area of the Kingdom, as everyone requests this technique and interacts with it in one form or another.
Therefore, stimulating investment and diversifying this demand to serve our major national development goals is very important.
He noted that the Ministry moves to launch this portfolio and its promising results and large towards opening employment opportunities for Saudi youth, as well as openness to modern technologies and the settlement of what can be settled in this regard.
Al-Khaldi noted that the Ministry of Communications and Information Technology is in harmony with other official decisions, most notably the requirements of Vision 2030, which emphasizes the use of communications and information technology, while at the same time developing and activating the role of small and medium enterprises.
It can be said that this new resolution is a "positive" decision par excellence and is consistent with the Vision of 2030 that achieves one of the most important goals, which is to empower Saudi youth from the growing economic mobility.
For his part, the member of the Board of Directors and Chairman of the Communications and Information Technology Committee in Asharqia Chamber Nasser bin Rashid Al-Bajash said that the launch of this portfolio means a new opportunity, which is a part of the tremendous opportunities offered by the government to citizens to improve their lives by working on value added projects, especially as these projects will exceed their limited framework.
It is expected that we will witness many innovations by the citizens in this regard through providing services and goods of national origin, Saudi ideas with Saudi support, as well as the wide-ranging employment opportunities involved in these projects, which will be economically feasible and serving all our development goals, which explicitly stated the Vision of the Kingdom 2030.
Al-Bajash pointed out that this portfolio includes many positive results:
-First is to support the option of scientific transformation of information under which the country has been running for quite some time.
-Second is supporting the Saudization and resettlement decisions in many activities, including activities related to communications and information technology and their connection to national security.
-Third is to support the movement of private investment in one of the most extensive areas and activities.
-Fourthly is supporting the national initiatives of the Saudi youth, which have proven remarkable abilities and distinguished in various fields, including the scientific and technical field.
Al-Bajash concluded by calling upon Saudi youth to take advantage of this opportunity, which carries many positive aspects.
Asharqia Chamber reviews the executive plan for the preparation of the ceremony and the entertainment program of Eid al-Fitr
21/05/2019
The Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi emphasized the excellence of the entertainment program for the Eastern Region's 1440, which is organized by the Chamber's Events Fund in the first day of Eid al-Fitr 2019 and its accompanying events within a recreational program directed to all members of the family, where they continue in different locations.
Al-Khalidi said that the ceremony is being patronized and honored by the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef.
He explained that the Chamber is keen to organize celebrations in accordance with the highest standards, which ensures success and excellence.
He pointed out to a number of surprises that will be witnessed at the celebrations and will be presented at the General Authority for Sports in Dammam (Green Arena), in addition to the accompanying events which will be in different locations.
On Tuesday, May 21, 2019, Al-Khalidi chaired a meeting at the headquarter of the Chamber that included representatives from the participating government agencies and the supporting bodies in the organization, which was held at the Chamber's headquarter in Dammam.
He reviewed the executive plan for the main ceremony in addition to the plans of the organization for the rest of the accompanying events.
Al-Khalidi pointed out that the Chamber and through the activities of this year are working to provide entertainment in line with the expectations and aspirations of the people and visitors of the region through events and activities that are offered free of charge to all members of the family and keep pace with the new in the entertainment sector by attracting professionals in the entertainment industry.
Al-Khalidi said that the meeting comes out of the usual concern of the Chamber to organize its events, during which they review and follow-up all details related to the work plans of the participating parties and the extent of readiness in the implementation of its tasks and role in organizing the ceremony, as well as discuss the plans of the security agencies to cover the sites of the ceremony and the accompanying events in order to achieve the success that we seek from all aspects of regulation.
Al-Khalidi also thanked all government agencies for their continuous cooperation with the Chamber to ensure that the celebrations are organized in a distinctive way, in addition to its ongoing partnership in all events organized by the Chamber.
The meeting was attended by representatives from the Eastern Province Emirate, the Secretariat of the region, the police, Traffic, Border guards, security patrols, Civil defense,
And Department of weapons and explosives management, Saudi Commission for Tourism and National Heritage, King Abdulaziz Port in Dammam, The Saudi Red Crescent Society, the Committee for the Promotion of Virtue and the Prevention of Vice, King Abdul Aziz Port Customs and Dammam TV.
Asharqia Chamber reviews the ability of emerging companies to invest in the telecommunications and technology sector
21/05/2019
Asharqia Chamber was held a meeting within the activities and programs of the Committee on Communications and Technology that talks about investment in telecommunications and technology, where it reviewed the experience of the founding partner of Raed Ventures Investment Omar Bin Ali Al-Majdoui, and CEO of Roya Investment Company, Eng. Qais bin Abdul Hamid Al-Issa, at the headquarter of the Chamber on Monday 20 May 2019.
The meeting has witnessed a distinguished presence of specialists and interested parties.
The meeting was opened by a member of the Board of Directors of the Chamber and Chairman of the Committee Nasser bin Rashid Al Bajash, who stressed that the meeting comes with the aim of introducing the pioneers of the sector from the people of the Eastern region with successful national investment experiences in a sector that is the top priority of the country's economic transformation and definition, as well as the Pioneers Investment Fund and its tools and calibration in the selection of investment opportunities.
Al-Bajash said that based on the importance of recognizing successful experiences and learning about their details and intentions, the meeting reviewed two successful experiences in the ICT sector: (Raed Ventures), which aims to create significant financial and strategic returns for investors while offering exceptional value to emerging companies, and (Roya Investment), which has been able to provide a pioneering experience in the field to be presented to future generations.
Al-Bijash pointed that this meeting will host these two experiences with expertise and knowledge in the world of communications and information technology, which confirmed the importance of learning about the experiences of successful people in order to draw lessons to benefit from the development of the capabilities of young entrepreneurs who are wishing to invest in the telecommunications and information technology sector, especially in the light of the new developments in the sector currently.
The meeting, which was conducted by a member of the Communications and Technology Committee in the Chamber Khaled Al-Thawadi, stressed that the market is ready to receive emerging companies in the field of technology provided that their investment ideas more realistic and distinctive.
He pointed out that entrepreneurs have the enthusiasm and ability to make excellence, and here they must present their ideas to investors away from the commitment to promises, but to think about how to convince the investor about the market acceptance of the ideas they propose, and the possibility of transformation towards the new.
The meeting reviewed the importance of the local market and its impact through investment in the technology sector.
It pointed out that the small investor must have a vision to work in this sector.
They stressed the importance of continuous development of performance and potential.
The meeting stressed that the advantage of technical projects that is the speed of growth and expansion and access to all segments at the lowest costs so investment in it is a catalyst.
But, it requires several factors, including openness to the cultures and global competencies and follow-up to everything new in this science.
In conclusion, the Chamber's Board Member and Chairman Nasser bin Rashid Al Bajash honored the co-founded by Raed Ventures for Investment Omar Bin Ali Al-Majdoui and the Executive Director of Roya Investment Company Eng. Qais bin Abdul Hamid Al-Issa with memorial plaques.
The Events Fund at Asharqia Chamber reflects the area of giving and support to businessmen and businesswomen
21/05/2019
In line with the vision of Asharqia Chamber, which is represented in leadership and excellence in the interests of the business sector in the Eastern Region, their presence and the organization of their relations with society in its broader sense, not only in the economic sphere of profit, but in other social and humanitarian aspects, "the Events Fund" initiative was launched 16 years ago.
The initiative aims to organize the contributions and initiatives of businessmen to serve the community in the region in particular and the country in general, especially after raising the level of awareness and increase the area of giving and support of businessmen and businesswomen.
The Events Fund, one of the most important national initiatives adopted by Asharqia Chamber, is part of its social responsibility, its keenness on leadership, excellence and active contribution to the economic and social development of the Eastern Region that to emphasize the need to create an institutional framework to regulate the process, increase its effectiveness to serve the community, reduce repetition and randomization and achieve the desired results of this support, which is based on the vision of the Fund to provides for excellence in the development of community work through the consolidation of energies and efforts to serve the people of the Eastern Region.
In 2003, this initiative was launched after the establishment of a detailed organizational framework for the Fund and defining its tracks and objectives and field of activity in order to continue to give with all seriousness and enthusiasm continue under the slogan (Continue without borders) amid appreciation by all government and social agencies in the Eastern Region, with great interaction by entrepreneurs, which led to further development in the events supported and adopted by the Fund.
The Fund's mission based on the contribution to the introduction of a new model of community action through mobilizing the efforts of businessmen and unifying their orientations to provide the necessary funding for the programs, events and social and humanitarian events of the Eastern Region to consolidate the spirit of cooperation and solidarity among all members of society and improve the reputation and prestige of the Eastern Region and its appearance.
The focus of the Fund's activities is to contribute to social development in the region through the provision of funding programs and social events in the Eastern Region and unite the direction of businessmen to support social projects and the development and social role in the Eastern region.
In this sense, the Fund gives a new model of social work models carried out by entrepreneurs, and seeks to consolidate the spirit of belonging among the people of the Eastern Region in the forefront of entrepreneurs who provided ideals and example of belonging to the nation and their readiness to serve the community.
During the past life of the Fund, it initiated financial support for a number of occasions, most notably organizing the celebration of the people of the Eastern Region of Eid al-Fitr from its establishment until 1440.
The main ceremony is in the first day of the Eid, as well as the events accompanying the ceremony, which takes place in a number of sites and malls in the region throughout the Eid holiday.
It is also organizing the participation of the people of the Eastern Region to celebrate the National Day during these years, and these contributions were more distinctive year after year.
The Chairman of the Board of Directors of the Fund and Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that the Fund has the support and guidance of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Prince of the Eastern Province, where he is keen to renew work and provide the best through a community partnership between the people of the region and the business sector in order to provide the Fund distinctive programs that serve the region.
Al-Khaldi explained that the celebrations of the people of the Eastern Region of Eid al-Fitr 1440 is organized by the Fund under the auspices and honor of His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, Prince of the Eastern Region, as you will witness many new events and pleasant surprises, which will be a gift provided by the Events Fund in the Chamber to the parents and visitors of the region during the Eid.
Al-Khaldi explained that the Events Fund discussed many entertainment
modern programs and concluded with a special program commensurate with the tastes and concerns of parents and visitors.
The program is also keen to provide a range of events that mimic the interests of children in a number of sites. He pointed out that the invitation is general to all and that all the events are provided free of charge.
Al-Khalidi stressed the keenness of the Events Fund, represented by businessmen in the Eastern Region, to meet and implement in line with the wishes of the people and visitors of the region in Eid.
He also reviewed a range of new initiatives and ideas in the entertainment world to eventually lead to various events aimed at entertainment and winning prizes on a daily basis.
The President of Asharqia Chamber calls for the wait and diligence before investing in Turkey
21/05/2019
The President of Asharqia Chamber calls for the wait and diligence before investing in Turkey.
He described it as unstable and unfavorable investment environment currently.
The President of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi warned the business sector of the Saudis and asked them to wait and take caution when doing business abroad, especially in the Republic of Turkey.
He pointed out that the Saudi investor in Turkey faces imminent risks in view of the deteriorating performance of its currency against the dollar, as well as the continuation of the economic shocks left by the turbulent geopolitical tensions inside Turkey and the resulting cases of looting and theft of Saudi citizens, which are exposed to the media from time to time, which is placing Turkey in the context of environments that are not suitable for investment.
Al-Khaldi noted the statement issued by the Saudi Embassy in Turkey on Friday, May 17, 2019 that recommends that Saudi citizens who are wishing to invest in Turkey should communicate with the Embassy first before starting any business in Turkey.
The Saudi Embassy in Turkey has published a statement recommending that it should be consulted after receiving complaints from Saudi citizens, investors and owners, about a range of problems they face in real estate in Turkey such as not obtaining title deeds or obtaining mortgage-backed securities, in addition to preventing them from entering their homes despite the full payment of the value of the property and threatened by the companies involved.
Al-Khaldi urged all the business sector in the Eastern Province and other regions of the Kingdom that to invest in Turkey or to invest or buy property there to engage positively with the statement of the Saudi Embassy and abide by what is stated therein, and the search for safe investment and the preservation of rights in strong economies and linked to common interests with our country and agreements rights portfolio.
Al-Khaldi stressed that the awareness of the legal procedures and the identification of rights and duties are equally important to profit and loss accounts when investing in other countries, and it indicates the safety of economic activity and enhance the chances of growth and continuity, as it reduces the risk of being exposed to risks of all kinds.
AlKhaldi stressed that the Vision of the Kingdom of 2030 provided exceptional and promising opportunities that motivated major international companies to compete to obtain favorable opportunities through new initiatives.
He called on the business sector to intensify their investments locally, as an integrated system of regulations, legislations and facilities provided by government initiatives is prepared.
The Kingdom's economy has features that are rarely found elsewhere in the world, where political and economic stability and the strength of the local currency and its immunity against vibrations, as well as an independent judicial system that preserves rights, and links with local and international markets with a huge logistic network.
The Prince of the Eastern Region sponsors the 7th edition of the Careers Fair in October
20/05/2019
It is organized by Asharqia Chamber in Dhahran Expo.
The Prince of the Eastern Region sponsors the 7th edition of the Careers Fair in October.
Al-Khaldi: The exhibition reflects the keenness of the business sector to attract national talent.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz (Governor of the Eastern Region) will sponsor the 7th edition of Job Fair (Jobs 2019) frm the period 14-17 / Oct / 2019, which will be organized by Asharqia Chamber at the headquarter of Dhahran International Exhibitions Company (Dhahran Expo) with the participation of a number of companies, institutions and governmental and civil authorities that concerned with the development of human resources.
The Exhibition will take place in Dhahran Expo in Al Khobar.
The Chairman of the Board of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi said that this edition of this exhibition, which is held at this time of each year, aims to support efforts to localize jobs in the private sector and to highlight the role of the business sector in attracting national talent and providing job opportunities for Saudi youth, as well as to achieve communication between the business sector on the one hand, the providers of training and employment services and specialists in the management of human resources and employment, on the other hand and between these bodies and job seekers from a third party.
He paid tribute to His Highness the Emir of the Eastern Province for his patronage and attention to this occasion and other events of Asharqia Chamber, which confirms the keenness of His Highness and support for all that would support and develop human competencies and achieve their participation in the development and comprehensive development witnessed by the country in all fields, especially in the economic level.
Al-Khaldi pointed out that the Exhibition has achieved continuous successes in the past years, in addition to its contribution to the provision of thousands of job opportunities for the ambitious Saudi youth.
It has contributed to the creation of a state of national mobility towards an issue that is more important than our development and social issues, which is the issue of resettlement and Saudization of jobs, especially in the private sector, which is the most important channel to attract national talent to work or to qualify and gain experience, as the private sector at present is not limited to the role of employment only, but has an effective contribution and clear in the issues of education and training and the like.
He added that Saudization at present is no longer a job opportunity for the young Saudi and ended up, but it is a general situation to feed the public ambition of young promising Saudis and capable of looking forward to a better world, in light of the broad plans of the Kingdom to continue growth and development and excellence and to achieve further national achievements with national hands, loaded with world-class expertise and knowledge.
He pointed out that this exhibition is an important channel for job seekers and opens the way for national talent, which is looking for job opportunities that highlight the energy, spread their creativity, achieve their personal aspirations, and supports our endless choice of development.
He stressed that the human element is the basis in this country, regardless of his job location and place of work.
Al-Khaldi said that the Chamber is looking forward to achieving more successes that took place last year after the exhibition, which registered a visit of more than 18 thousand applicants amid the great interest of participating companies and beneficiaries.
The number of participants in the exhibition was about 137 companies and institutions provided more than 6500 thousand jobs.
This is in addition to the prominent participation of some prominent government bodies, including The Ministry of Labor and Social Development, Technical and Vocational Training Corporation, Human Resources Development Fund, Saudi Commission for Tourism and National Heritage, and others.
He stressed the keenness of the Chamber to achieve more achievements than has been achieved in the past years.
For his part, the Secretary General of Asharqia Chamber Abdulrahman bin Abdullah Al-Wabel said that the Exhibition, which is organized by the Chamber annually at Dhahran Exhibitions Company (Dhahran Expo), reflects the keenness of private sector institutions to attract Saudi youth on the one hand, and on the other provides a platform for Saudi youth to learn about the new opportunities in line with their qualifications and the implications of the labor market of promising job opportunities, especially as the country is experiencing a major development boom, which requires the competencies, experiences and skills of Saudi youth.
Al-Wabel explained that the importance of the exhibition appears in three basic aspects, where the first is the companies facing the challenge of providing qualified human capabilities, while the second side comes within the framework of the statement of the scientifically and practically qualified young man.
The exhibition provides them with several options to apply their knowledge and experience.
The third aspect is the intermediate bodies that train, educate, qualify and coordinate the relationship between the worker and the job seekrs.
He expressed the hope that the job fair will contribute to the success like the previous versions, which contributed to the recruitment of many national energies in important workplaces in companies and private institutions.
The Prince of the Eastern Region sponsors the celebrations of the people of the region of Eid al-Fitr 2019
20/05/2019
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, will patronize the ceremony of the people of the Eastern Region on the occasion of Eid al-Fitr 2019, which is organized by Asharqia Chamber, represented by the Fund Events.
The ceremony and the accompanying events will be held in the hall of the General Authority for Sport in Dammam (Green Arena) in the first day of Eid Al-Fitr, which extends for a week.
The Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi sends his thanks to His Highness the Emir of the region for patronizing and honoring the region's people.
He stressed that the patronage of His Highness represents a great support for what the Chamber, represented by the Fund of Events, seeks to meet the aspirations of the people of the region and the wishes of the large segment of its visitors during the holiday period and also in line with their expectations.
Al-Khaldi explained that the Eastern Region was known for its professionalism in organizing public events. The region also had a great success in the implementation and management of the Eastern Season and the shopping festival, which was co-operated by many departments with the participation of the private sector.
He stressed the continuation of the journey through high performance and professionalism in providing excellence.
Al-Khaldi pointed out that the program of the ceremony and the accompanying events will be interspersed with many surprises that will be at the level of professionalism in the presentation of events, and the overall renewal of the program of work during the Eid.
He pointed out that the events and as the return of the people and visitors of the region will take into account the community groups and will provide gifts and prizes to the participants.
Al-Khaldi pointed out that the Fund of Events and through its sponsors seeks to achieve the goal of cooperation and solidarity by unifying the efforts of businessmen to provide support for the implementation of recreational and social programs to receive the people of the Eastern Region and visitors during Eid and preserve the distinctive image that was known about it and make the Eastern Region as an Incubator of activities and events.
Al-Khaldi said the Chamber started its preparations since early this year to organize the concert and entertainment program accompanying it.
He stressed that the course of work is proceeding according to a long work plan interspersed with many procedures and coordination with the relevant government agencies in addition to the supporting bodies.
He praised the large roles that are being played every year by all the participants in the work teams in order to make the event a success, which is carried out by all stakeholders from governmental, private, business, and members of the working committees.
Al-Khaldi said that the program of the ceremony last year witnessed a lot of innovative ideas, which recorded the participation of large attendance and the interest of the community groups of families and young people to participate and attend the events.
This was a largest evidence of the Fund's success in capturing and insisting on events that the public desires.
Al-Khaldi said that the Fund will present this year a variety of entertainment programs that will be attractive to all and target their ambitions, where adults and young people will participate and will be introduced by professionals in the entertainment world.
An extensive meeting to present investment experiences in the ICT sector
20/05/2019
On Monday May 20, 2019, the Communications and Information Technology Committee at Asharqia Chamber will hold a meeting on topics related to investment in the ICT sector, the sector's challenges and promising investment prospects at the headquarter of the Chamber in Dammam.
The guest speakers of the meeting will be the founding partner of Raed Ventures/ Omar Bin Ali Al-Majdoui, and Executive Director of Roiyah Investment / Qais bin Abdul Hamid Al Issa.
They will present their experience in investing in this sector and present the results of the experience to future generations, especially in the light of new developments in the sector.
A member of the Board of Directors of the Chamber and Chairman of the Communications and Information Technology Committee, Nasser Al-Bajash, said that this meeting falls within the scope of the activities of the Committee, and the activities of Asharqia Chamber to develop activity and develop investment in the sector of telecommunications and information technology, especially as they have become the predominant language in the social, cultural and economic life of contemporary nations and peoples.
Al-Bajash added that the hosting of Al-Majdoui and Al-Issa in this meeting came after careful consideration of their experience, which has more than two decades, during which our markets' developments accelerated and successive, which emphasizes the need for meeting, research, study and evaluation, and thus take lessons and experiences and transfer them to future generations.
In addition to being a founding partner of Raed Ventures, Al-Majdoui has served as the former CEO of Al-Majdoui Industries Limited.
Over the past 17 years, he has also held numerous positions in various administrative and executive positions in various companies and organizations.
He is interested in developing the entrepreneurial environment for entrepreneurs in the Middle East and is interested in emerging creative ventures and investing in them through bold capital.
In addition, he is a Chairman and a member of several Boards of Directors and Executive Committees for Emerging Projects.
Moreover, Qais bin Abdul Hamid Al-Issa is a graduate from King Fahad University of Petroleum and Minerals, specializing in computer engineering in 1994.
He was the founder of Sahara Net with his partner Haitham Abuaisha, as they were the first provider of Internet services in the Kingdom since 1994.
The chairman of Asharqia Chamber: The distinctive residence comes within the context of economic diversification launched by the Vision of 2030
15/05/2019
The Chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, praised the decision of the Council of Ministers that issued on Tuesday, May 14, 2019 on the approval of the special residence system, which gives the residents of the Kingdom special advantages, whether those related to freedom of movement or ownership or other features.
He considered it a system that will support the national economy and comes within the context of diversification launched by the Vision of the Kingdom of 2030 to diversify the economic base and promote investments.
He added, "The application of the distinctive residency system enhances the market's attractiveness and increases its competitiveness, as it attracts the owners of capital and highly skilled and innovative and distinct."
It also supports the efforts of the Kingdom in reducing trade concealment, reduces the rates of remittances abroad and encourages spending and investment locally.
It creates a more stable business environment for expatriates and their families, which in turn benefits the national economy as a whole.
Al-Khaldi pointed out that the implementation of the system will be reflected positively on the real estate market in the Kingdom as granting the owners of the distinctive residence the ability to own real estate, and thus added a new purchasing chip to the real estate market that can undoubtedly contribute to moving the wheel of the real estate market in the Kingdom.
In addition, the system allows residents to do business in the Kingdom, which represents new funds pumped into the folds of the national economy rather than transferred abroad.
He pointed out that such a kind of residences is applied in many countries and is a step in the right direction.
Al-Khaldi sends his gratitude to the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz and his Crown Prince Mohammed bin Salman for their efforts to build a diversified and sustainable economy.
Events Fund holds its coordination meeting and reviews preparations for the celebration of the people of the Eastern Region of Eid al-Fitr
13/05/2019
The Board of Directors of the Events Fund of Asharqia Chamber held its coordination meeting to review the latest preparations for the launch of the celebrations of the people of the Eastern Province of Eid al-Fitr at the headquarter of the Emirate of the region in Dammam on Sunday 12 May 2019.
The meeting was chaired by the Chairman of the Board of Directors of the Fund and the Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim Bin Hamad Al-Ammar Al-Khaldi, who confirmed that the celebrations of the people of Eastern Region of Eid al - Fitr 1440 will be a gift from the Fund to the residents and visitors of the region.
The celebration is under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Emir of the Eastern Region.
Al-Khaldi explained that the celebrations this year will include new events and ideas that will be a new addition to the program, in addition to the pleasant surprises that will delight the children and will provide gifts and prizes with the daily activities designed for the family and the children, which will be offered for a week.
Al-Khaldi pointed out that the program of celebrations this year is full of many events that are commensurate with the expectations and aspirations of the people of the region and its visitors.
He pointed out that Eid Al-Fitr is a valuable opportunity to meet everyone and receive a large entertainment program through which they can spend happy times and enjoy free activities that offered to all.
Al-Khaldi stressed the keenness of the Events Fund, represented by businessmen in the Eastern region, to meet and implement what is in line with the wishes of the people and visitors of the region in the Eid.
He reviewed a range of new initiatives and ideas in the entertainment world to eventually lead to various events aimed at entertainment and winning prizes on a daily basis.
Al-Khaldi said that the Eastern Region has many advantages as it embraces the distinctive marine parks and beaches that attract many visitors, in addition, it is considered the link between the Gulf States.
Many are keen to visit either family visits or enjoy their tourist attractions.
This is why the Fund is offering a variety of events that are interested in providing entertainment and fun as well as daily prizes.
Al-Khalidi said that the gymnasium of the General Authority for Sport in Dammam (Green Arena) will host this events that will be attended by other dignitaries and under the patronage of the Prince of the Region.
He pointed out that the Events Fund always keeps pace with the latest updates in the entertainment sector to benefit from it and be a landmark in the Eastern Region.
Al-Khaldi added that all these great efforts are provided and supervised by a team capable of implementing the strategy that was drawn to manage the celebrations and the field plans to ensure that all works are carried out in accordance with the high standards used by Asharqia Chamber in carrying out its functions.
Al-Khalidi pointed out that the volume of preparations for the organization and management of events during the days of Eid al-Fitr are huge.
He stressed that the Fund began preparations early in the beginning of this year, so that it can present its product in full detail with remarkable performance and a high degree of accuracy and professionalism.
Various activities carried out by the Ministry of Communications and Information Technology in Asharqia Chamber
13/05/2019
Asharqia Chamber hosted a specialized lecture entitled "Between Information Security and Cyber Security" that is implemented by the Ministry of Communications and Information Technology in cooperation with the Communications and Information Technology Committee of the Chamber, as a part of the Digital Giving initiative that aimed at spreading digital literacy in society, and comes within a series of lectures and training courses in more than one branch of Asharqia Chamber.
On Sunday 12 May 2019, the events began with the presence of Board Member and Chairman of the Committee Nasser bin Rashid Al Bajash in Asharqia Chamber Branch in Jubail Governorate.
The lecture was presented by Saadiya Al-Mutairi, who provided a comprehensive definition of the term "information security" and means of achieving it.
She then reviewed a range of topics related to cybersecurity and the difference between it and information security.
On Thursday and Friday 16 and 17 May 2019, a training lecture for women only will be held at the headquarter of Asharqia Chamber, and will be presented by the trainer Nadia Almhnna, who will talk about the history of the Infographic and how to create it using the available programs.
The third event will be held in Dammam on 20 June 2019, which will be an introductory course for the design of online systems and software by using PHP and MySQL that will be presented by Adel Al-Muhanna in Asharqia Chamber headquarter in Dammam.
Al-Bajash explained that these events reflect the reality of cooperation between Asharqia Chamber, represented by the Committee, and the Ministry of Communications and Information Technology, where we look forward to be supportive activities of the digital trend witnessed by our country in various cultural, commercial and social interactions.
Asharqia Chamber launches “the Local Content Charter Initiative” to empower national enterprises in contracts, procurement and services
13/05/2019
On Wednesday, May 8, 2019, Asharqia Chamber launched "the Local Content Charter Initiative" for the Private Sector Companies, as a part of its efforts to enable national institutions to develop the national economy, serve the business community and to strive to contribute effectively to achieving the objectives of the Vision of the Kingdom of 2030, in a move to create a genuine commitment from local companies to increase their purchases from national enterprises.
Abdul Hakim bin Hamad al-Ammar al-Khaldi, the Chamber's president, said that the Local Content Charter Initiative comes with the belief of the Chamber that increasing local content in local businesses in line with new economic trends and an active commitment of national companies and institutions to increase the proportion of purchases from local enterprises.
The Chamber, therefore, considered the importance of a voluntary commitment charter that enhances local content options among private sector companies.
Al-Khaldi pointed out that the initiative aims at keeping pace with the efforts exerted nationally to promote and raise the percentage of local content in projects and procurement and technical contracts and advisory in order to increase the contribution of the national business sector to GDP that results in supporting income diversification schemes and providing more opportunities for entrepreneurial empowerment.
This is reflected positively on the rates of domestic production and the size of the national investment base and strengthens the capabilities of local enterprises to be more competitive and more profitable, enhancing national investment and marketing investment opportunities among local manufacturers and suppliers, as well as increasing the size of the local component and creating new jobs for the national labor forces.
For his part, the member of the Board of Directors and Chairman of the Committee of Industry and Energy in Asharqia Chamber, Ibrahim bin Mohammed Al-Sheikh, said that the initiative is based on the idea of voluntary commitment by local companies to deal with local suppliers to provide their needs for goods, production supplies, consultancy services, engineering and other services.
Thus, this will be giving priority to local product in the procurement of domestic enterprises, as well as stimulating small and medium enterprises, in particular.
The initiative aims to allocate up to 10% maximum of each purchase order or when needed for small and medium enterprises and give small and medium enterprises a preference for the price.
On Wednesday May 8, 2019, Asharqia Chamber held Ramadan Greetings at its headquarters, which brought together a large number of businessmen, economic elites and officials of various bodies, institutions and the media sector that is in line with its annual practice of communicating during the holy month.
The meeting aims to enhance the concept of communication with participants in all events that is in light of the fact that the holy month of Ramadan is an appropriate opportunity to hold such meetings with the most appropriate religious and social atmosphere.
Asharqia Chamber organizes Ramadan meetings, as it invests during the holy month of Ramadan in creating a constructive interaction that stems from the values of friendship and brotherhood among all parties in the economic center in the region, which positively affects the service of the national economy and what it aspires to reach according to the Vision of 2030.
On Thursday 4th of the holy month (09 / May / 2019) three similar meeting held in the headquarters of the branches of the Chamber in the governorates of "Jubail, Qatif and Khafji."
The meeting of businesswomen will be held at the headquarters of the Chamber, which will be on the evening of Monday 8th of the holy month ( May 13, 2019).
All these meetings will be held at 10 pm.
The Prince of the Eastern Region chairs the General Assembly of the Patients’ Friends Committee 2019
06/05/2019
On Wednesday, May 1st, the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, attended the meeting of the General Assembly of the Patients' Friends Committee 2019 with the presence of a large number of members of the Committee and the President and members of Asharqia Chamber and the General Secretariat, as well as a large number of businessmen in the Eastern Province, at the headquarter of the Chamber in Dammam.
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, prince of the Eastern Province, praised the results of last year's work of the Assembly by saying, "We honor it as it is not surprising to all members of the General Assembly with their contribution and support."
He thanked Dr. Saleh Bin Ali, Director General of Health Affairs and Chairman of the Patients' Friends Committee, for his tireless work to ensure the success of the work of the Committee.
At the same time, he wished all the best to Dr. Ibrahim bin Abdulkarim Arifi, the current Chairman of the Committee.
His Highness presented the ceremony, which was attended by Chamber President Abdul Hakim bin Hamad Al-Ammar Al-Khaldi and his deputies, Badr bin Sulaiman al-Rizayzah and Hamad bin Muhammad al-Buali with a number of Board members.
He sent his thanks and gratitude to all the members of the Committee as they are racing their generous support for the work of the Assembly and its activities in order to serve patients in the Eastern Region.
He called for continued support and development of the work of the Assembly.
He wished to establish new foundations for the continuation of the work of the Committee in accordance with the institutional approach.
He said that he had no doubt about the ability of the members of the Committee to follow the institutional approach with well-defined foundations that had a significant impact on the development of the Committee 's work and activities.
For his part, the Director General of Health Affairs in the Eastern Region, Dr. Ibrahim bin Abdul Karim Al Arifi, expressed his thanks and gratitude to HRH Prince Saud bin Naif bin Abdulaziz, Prince of the Eastern Region, and HRH Prince Ahmed bin Fahad bin Salman, for their care and follow-up and their keen interest in all the work of the Committee and its activities and their continuous support to promote charitable and volunteer work in the region.
Al-Arifi said that since its establishment in 1405H (1985) in partnership between the General Directorate of Health Affairs and Asharqia Chamber, the Patients' Friends Committee was characterized by the multiplicity of services provided to the beneficiaries and touched by all those who benefited from them.
He pointed out that the Committee devoted its efforts to care for the needy patients in overcoming their social, psychological and health conditions and securing a decent life for them.
He added, "The Committee started with strong white hands from the people of the Eastern Region, who gave the Committee financial support during the last year 2018, which was estimated at 4 million and a half million riyals, which reflects their keenness to support the charitable and humanitarian work in the region."
They were able to enable them to achieve their goals by providing urgent medical equipment and supplies to hospitals and health centers, or to strengthen the patient's resolve and to push them back to the society again. They are healthy and able to continue their lives in a natural way.
He is aiming to complete the efforts to achieve the ambitions and aspirations of the Committee in the performance of its duties towards the needy patients of the region.
At the end of the meeting, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Emir of the Eastern Region, presented a gift to His Highness the Director General of Health Affairs in the Eastern Region, Dr. Ibrahim bin Abdulkarim Al-Arifi, with the presence of the Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi.
He also honored Dr. Saleh Bin Ali, Director General of Health Affairs and Chairman of the Friends of Patients Committee, because of the efforts made by him that provided a valuable imprint on the work of the Committee during his leadership.
His Highness honored businessmen that are supporting the Committee, as well as a group of media professionals that support the programs and activities of the Committee in particular and Asharqia Chamber in general.
Asharqia Chamber holds Ramadan greetings for entrepreneurs at the beginning of the holy month
06/05/2019
In line with its annual practice of maintaining contact with the business sector, economic elites, officials of various bodies, institutions and the media sector, Asharqia Chamber holds annual Ramadan greetings to congratulate the coming of the holy month of Ramadan, which will be in the first week of the holy month in the main headquarter of the Chamber and its branches in Jubail, Qatif and Khafji.
Meetings are held during the first week of the holy month, where the headquarter will host the first meeting on Wednesday evening, the third of Ramadan (08 May 2019).
The next day (Thursday, 4th of Ramadan, 09 May 2019) will have by three similar meetings in the headquarter of the branches of the Chamber in the governorates of Jubail, Qatif and Khafji.
A meeting of businesswomen will also be held at the headquarter of the Chamber, which will be held on the evening of the 8th of the holy month (13th May 13, 2019).
All of these meetings will be held at 10 pm.
The Chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said that the Chamber was keen to establish these meetings in order to enhance the concept of communication with participants in all events.
He pointed out that the holy month of Ramadan is an appropriate opportunity to hold such meetings with the most appropriate religious and social atmosphere.
He stressed that all businessmen and businesswomen are members of a family with one group ties of religion and the homeland.
Al-Khaldi said that Asharqia Chamber organizes Ramadan's meetings in order to create a constructive interaction that stems from the values of friendship and brotherhood between all parties in the economic center in the region, which positively contributes to the national economy and what it aspires to achieve in accordance with the Vision 2030.
Al-Khaldi called on all participants, business people, interested parties and specialists to attend Ramadan networking meetings because of its importance to deepen the bonds of relations between all of them.
The Employment Center of Asharqia Chamber provides employment opportunities for more than 500 young men and women
06/05/2019
The Employment Center of Asharqia Chamber has provided employment opportunities to private sector institutions for more than 500 Saudi job seekers from the beginning of January to the end of March through the website of the Center, its recruitment meetings and 2018 Job Fair that took place last November.
A report issued by The Employment Center of Asharqia Chamber stated that during the period (January 1, 2019) until the end of March, the number of job seekers registered with the Center through the website were about 1119 people.
The number of facilities benefiting from the services of the center were 44 establishments from different levels.
During this period, 328 jobs were offered, and 319 job seekers were employed, either on those jobs or on others, through direct inquiry with companies in CVs.
The size of the achievement achieved by the Center through "employment meetings", which was established for the benefit of the companies, during the period from 1 January to 31 March 2019 is the employment of about 232 job seekers out of 1182 people.
During these meetings, they submitted 512 jobs in six public job meetings.
The Employment Center of Asharqia Chamber was established in 2006 as a specialized center that provides professional recruitment services to meet the needs of the business sector of national qualified competencies of both sexes through using the best and latest advanced technology in this field and in accordance with the highest standards and professional standards.
It is the only center of its kind in the Kingdom that specialized in the recruitment of qualified citizens of pre-high school degrees, Diploma, Bachelor, Masters and PhD that in all engineering, administrative and technical disciplines that fit the requirements and needs of the business sector.
The Center offers many services such as the recruitment service via e-recruitment,
Employment meetings and the annual Job Fair, advisory services for enterprises and vocational guidance for job seekers.
"Housing Development": there will be housing services for more than 200 thousand Saudi families
06/05/2019
Asharqia Chamber organized a workshop entitled "the Development of Housing Activities" within the activities of the Real Estate and Housing Committee, were directed by the Committee's Chairman Hamed bin Hamri.
The Director General of the sources of funding for the Housing Development Program at the Ministry of Housing, Yazeed Al-Rasheed, said that the program provides a housing service to deliver 200 thousand units until 2020 through four methods: (prefabricated housing units, the Waqf Housing Fund, construction projects, purchase projects).
Al-Rasheed said, "Development housing is one of the initiatives of the housing program stipulated by the Vision of the Kingdom of 2030 that aims to meet the needs of the most needy groups in the community of housing units and enable them to own suitable homes or use them according to their needs and financial capacity."
Therefore, this will raise the social safety and achieve the aspirations of the Vision of the Kingdom, the empowerment of NGOs, the provision of operating expenses, enabling social responsibility, strengthening Islamic values and national identity, developing and diversifying the economy, increasing employment rates and enhancing government effectiveness.
He pointed out that the 200 thousand housing units has been approved by the Council of Ministers to set a budget for the provision of public benefit, where needy families live for a with an amount of 200 riyals per month and no more than 800 riyals according to the financial situation.
So, that when the conditions of the family will improve, either the unit will be owned or handed over to the Ministry to be made available to another family.
He said that the program works within an integrated system that includes the government sector and the private sector (through social responsibility programs) as well as charities, donors.
He suggested to sign partnership agreements with more than 225 civil associations spread across all regions and governorates of the Kingdom.
He stressed the Ministry's keenness to ensure that this service is addressing those who are entitled.
Therefore, the Ministry has coordination with all concerned parties, as most needy families' data were based on the Ministry of Labor and Social Development.
On the proposed projects to be implemented by the Program, Al-Rasheed said that the first projects are (housing units), which are ready-made housing units provided by the Ministry of Housing for the neediest families throughout the Kingdom.
Secondly, (the Endowment Fund), which is an endowment investment fund that offers a public offering.
The Waqf Fund invests both in kind and in cash in various investments.
It benefits from the Fund's revenues to provide housing units for the most needy families by obtaining the necessary permits from the General Authority of Endowments and the Capital Market Authority.
He explained that the project in case of the contribution of sectors of 400 million riyals will contribute to the provision of 80 housing units per year.
Among the proposed projects to be implemented are (the construction projects), where a donor can contribute cash in the cost of (construction), or contribution in kind.
(The purchase projects), i.e., a cash donation to contribute to the cost of purchasing a residential unit or project, or to make an in-kind donation of a ready-made unit or units.
He said that the legitimate leave obtained by the project requires the benefit of Zakat in such a project.
He stressed that the program, which targets the most needy groups, do not seek to create any differences between the groups.
Indeed, all housing projects are similar, as it is not distinguished from the Housing Development Program from other initiatives of the Ministry.
Food and Drug Authority tightens its procedures to regulate food imports
06/05/2019
Asharqia Chamber held a specialized workshop on Wednesday 1 May 2019 and was directed by a member of the Board of Directors and Chairman of the Logistics Committee Bandar bin Rafi al-Jabri.
The Executive Director of the Saudi Food and Drug Authority in the Eastern Province, Ahmed bin Abdullatif Al-Abdalhadi, expressed the Authority's keenness to implement the importation of food products to the Kingdom, which includes the control of the country of establishment, ports and local facilities, and to determine the terms and requirements for importing food products from exporting countries, as well as the establishment of general rules relating to the guarantees provided by the competent authorities in the exporting countries. All in order to ensure the safety of food delivered to the local market.
During the workshop, Al-Abdalhadi said that the Authority is always working to assess the health status of the exporting countries, or the region or port from which the food commodities come from, the imposition of a ban on products that threaten human health or livestock in the Kingdom, or where microbial, chemical or physical contamination has occurred affecting the safety of livestock and poultry meat and their products.
He added that if the Authority is imposing a temporary ban on countries exporting meat and meat products because it is based on reports issued by international organizations and recognized scientific bodies, or by the Sate itself, which is useful for the spread of a particular disease or epidemic.
He added that the ban was lifted on the basis of a report from a recognized international organization, such as the World Organization for Animal Health, the Food and Agriculture Organization, the World Health Organization that is stating control over the causes and demise of the ban, or a report on the health status issued by the official regulatory body in the concerned Stats that is supported by all documents proving the control of the causes of the ban, or its disappearance, including the official notification issued by the concerned State to the SPS Committee of the World Trade Organization, that the causes of the ban cease to exist.
On the mechanism of accreditation of foreign food enterprises, he said that this mechanism aims to complete the control of food facilities in the country of origin from verifying the main sources of food such as farms and others, and checking the authenticity of documents and official certificates of food facilities to investigate the fulfillment of the requirements of the standards and technical regulations approved by the Authority.
The process of accreditation also includes monitoring the transport and storage process until export to the Kingdom.
He added that the inspector is the representative of the Authority that to ensure the application of the requirements to be followed in the food factories and employees through the audit in several documents, including the quality program and records of organizations in the establishment of chemical sterilizers and rodent control program, insects and so on.
He said that the clearance or rejection procedures begin by checking the documents, then matching and inspecting the actual receipt, and the laboratory examination, then making the decision to allowing or rejecting, based on the conditions of clearance that are mandatory for all exporters of products to adopt the standard specifications of the products.
He explained that the main reasons for rejection of products (food and others) include the presence of bacteria or pesticide residues are higher than the limit in some materials, or artificial colors, or the absence of a statement suggesting a negative impact on a particular group such as children, as well as the absence of clear data in Arabic and so on.
The Logistics Committee concludes its visit to DP World and Jebel Ali Port
06/05/2019
A delegation of members of the Logistics Committee of Asharqia Chamber concluded a visit to the United Arab Emirates last week in order to see the outstanding and leading DP World portfolio (Jebel Ali Port), which is the world's largest port operator.
Jebel Ali Port has become a model of unprecedented development and growth capable of delivering innovative solutions in the fields of logistics work and a leading catalyst for global trade and an integral part of the supply chain around the world.
The delegation, headed by a member of the board of directors and head of the Logistics Committee of Asharqia Chamber Bandar bin Rafi al-Jabri, visited the field container terminal No. (3) in the port of Jebel Ali, and met with Jebel Ali Free Zone Executive Director and General Manager of Dubai Ports World -Emirates Region, Professor Mohammed Al-Moallem, who exchanged talks with the delegation on means of cooperation and coordination to invest in Jebel Ali Free Zone.
He pointed out the strong relationship between the Kingdom and the UAE that reflects the direction and vision of the senior leadership in the two brotherly countries.
During a meeting with DP World officials, the delegation saw a visual presentation that included an overview of the DP World portfolio and the Jebel Ali region with a brief overview of Jebel Ali Free Zone's role in enhancing the effectiveness of the supply chain, as well as a detailed presentation of Dubai Trade Company.
The delegation visited the Ambassador of the Custodian of the Two Holy Mosques in Abu Dhabi, Mr. Turki Al-Dakhil, and exchanged talk about investment in the United Arab Emirates and its advantages and the importance of this visit because of its profound and positive impact on the development of relations between the two countries.
At the same time, it reflects the wise leadership's direction in both countries towards achieving growth and development in all political, economic, cultural and social fields.
Specialist emphasizes the effectiveness of small and medium enterprises in the fight against unemployment
06/05/2019
The accredited consultant, Saleh bin Nasser al-Anzi, stressed the importance of small and medium enterprises in the national economy, as these institutions represent the channels to attract the workforce and to combat unemployment in a manner far from formal employment.
This came in a lecture given by Al-anzi on Sunday (28 / April / 2019) that is entitled, "Employment in Small and Medium Enterprises" at the branch of Asharqia Chamber of Khafji.
Al-anzi introduced a set of universally adopted definitions of the term SMEs, which are released based on the number of employment or capital.
He stressed that in all cases, SME is one of the most prominent options for Saudi development to attract national labor, as well as being an effective alternative to official jobs with modest financial return.
He stressed the need to support these enterprises due to its economic importance, not in the area of resettlement and Saudization only, but also in other economic areas, such as the provision and settlement of goods and services.
The lecture is part of a number of activities carried out by the Chamber within the activities of the Center for the Development of Small and Medium Enterprises to support and develop small and medium enterprises, including training courses, seminars, workshops and extended meetings.
This is based on the conviction of the importance of the role, effectiveness and vitality of these establishments in the national economy.
The Real Estate and Development Committee discusses the challenges of the sector in a visit to the Shura Council
30/04/2019
A delegation from Asharqia Chamber from the Real Estate Development and Development Committee visited the Shura Council on Wednesday, April 24, during which they met Dr. Tarek Ben Ali Fadak, Chairman of the Hajj, Housing and Services Committee of the Council, to discuss a number of challenges in the real estate sector.
During the meeting, several issues were discussed, including Saudi Aramco's reservations and its impact on the real estate market, obstacles and challenges facing real estate finance, as well as the added value of the property.
The chairman of the Real Estate and Housing Committee, Hamed bin Hamri, said that this visit by the members of the Committee comes within the framework of its keenness to discuss issues of interest to the real estate sector and enhance the value of the sector on the economic map in the Kingdom, as being the most prominent sector that intersects with all sectors and economic activities, as well as its role in improving the quality of life affirmed by the Vision of the Kingdom 2030.
Bin Hamri pointed out that the meeting was positive, "We have seen the keenness of the officials that we have met to promote the positive points involved in the real estate market and work together to address all the problems and challenges facing the sector."
Saudi Ports Authority will set a date for the launch of electronic appointments in King Abdul Aziz Port
30/04/2019
Asharqia Chamber held a workshop on "Truck Management Project" and was managed by a member of the Board of Directors of the Chamber and Chairman of the Logistics Committee, Bandar bin Rafi Al-Jabri.
Saudi Ports Authority with Fasah's team are planning to continue the launch of the truck management project, as well as the electronic link between the management system of trucks in King Abdul Aziz Port and container operators issued, which will be in May, and linking with general and bulk cargo operators.
It was noted that the project was launched in April 2018 and was connected to container operators in May 2018 and linking with customs in September last year.
It was stressed that the development of the system continues on the basis of observations received by the Authority from all relevant parties.
The electronic system of booking appointments of trucks on the platform "Fasah" is an integrated truck management system in Saudi ports and identify key challenges and bottlenecks at major ports, which contributes to the management of trucks and raise the level of operational efficiency of all work system in ports.
Al-Jabri said that the workshop, which comes within the activities and programs of the Logistics Committee for the year 2019, aims to introduce the business sector and truck owners with the work of government agencies in terms of electronic connectivity and the Kingdom's plan for digital transformation in Saudi ports.
Al-Jabri explained that since the launch of the Vision of the Kingdom of 2030, our wise government has intensified its efforts to enter the era of digital ports, which depend on efficient operation and optimal use of data and improve competitiveness, which positively affects the movement of goods and products and increase investment opportunities and employment in the sector, as this affects directly in our national choices.
He added, "the Kingdom is a global logistical support area."
As mentioned during the workshop, which was attended by the Director of Commercial Operation Department at King Abdul Aziz Port Captain Bassem Al Dosari, that the system aims to increase the productivity of carriers by reducing the waiting time and reduce the turnover of the truck in the ports through the implementation of several procedures with sectors (government and commercial), and linked to the system of truck management, which include "Port Bill, payment of floor fees, results of radiation, reverse detection procedures, the wages of port operators, permission and delivery card."
He pointed out that there are many advantages offered by the platform (FASAH) to the relevant parties that facilitate the procedures of booking automatically and raise the level of efficiency in all ports through the application of truck reservation service, including on the electronic connectivity of ports, customs, public transport and other related parties.
It was noted that the system sets the initial scheduling periods electronically.
There will be a stimulus period starting from 1 am to 4 am, and peak periods (from 6 am to 9 am, from 12 pm to 2 pm and 4 pm to 7 pm.)
While off-peak periods are from 9 am to 12 pm and from 2 pm to 4 pm, from 7 am to 1 am, from 4 pm to 6 pm in order to increase operational efficiency and distribution of congestion and capacity.
The Logistics Committee of Asharqia Chamber reviews its plan for the coming period
30/04/2019
During its recent meeting, the Logistics Committee, chaired by a member of the Board of Directors of Asharqia Chamber, Bandar bin Rafi Al-Jabri, discussed the latest developments and topics and activities and events in the process of completion in the coming period, as part of its plan for 2019.
The meeting discussed the latest developments in the visit of the Committee members to Jebel Ali Port in the United Arab Emirates.
The meeting also discussed the latest developments in the workshop of opportunities and obstacles in the logistics sector.
The Committee concluded its meeting by stressing the importance of intensifying efforts to serve the logistics sector and its pioneers in the Eastern Region and work to enhance cooperation between the logistics sector and the government and semi-governmental sectors involved in order to overcome the difficulties facing the sector.
Calories and the mechanism of its application in a workshop in Asharqia Chamber
30/04/2019
On Monday, April 29, 2018, Asharqia Chamber, in cooperation with the Saudi Food and Drug Authority, and as part of the efforts of the Hospitality and Entertainment Committee and its activities plan for 2018, will hold a workshop on (Calculation of calories and their application mechanism), at the headquarter of the Chamber at 10 am.
The workshop, aimed at introducing the owners of restaurants, cafes, food establishments and those interested in food in general to the initiative of the Authority to list the calories and the mechanism of calculating the lists of meals in restaurants and cafes.
Hamad Mohammed Al-Boali, Vice Chairman of Asharqia Chamber and Chairman of the Hospitality and Entertainment Committee, the Food and Drug Authority (SFDA) is proposing a qualitative initiative to list the calories and the mechanism for calculating them in the lists of meals of restaurants and cafes. Besides, it will enable the consumer to know the number of calories in meals and beverages, which will push the sector to more competitiveness and achieving excellence.
He pointed out that the workshop serves as an opportunity to identify the owners of restaurants and cafes in the Eastern Region on how to calculate calories and put them on the menus of food and drinks, in addition to identifying the penalties that to be applied to caloric offenders in the list of meals.
Zakat and Tax: “ The new regulation exempts debt entirely from Zakat bowl”
30/04/2019
Asharqia Chamber held a workshop on Thursday (April 25, 2019) entitled "Implementing Regulations for Zakat Collection."
Khalid bin Obaid Al-Dhahri, advisor at the General Authority for Zakat and Tax, emphasized that the new regulation of Zakat, which began its work early this year, has excluded the debt completely from the bowl of Zakat.
He explained that the work of this regulation began from the companies that start its fiscal year by that date, while companies that were before that date will be subject to the old regulation.
He stressed that this regulation is an updated version of the version issued in 1438, which included after the renewal of the regulations and various work procedures for the collection of Zakat from companies and institutions and send it to the Authority.
He said that in order to develop the system of collection and ensure the new regulation, the Authority formed a special legitimacy committee to receive all the observations and proposals.
It has come to the conclusion that debt should not be subject to zakat at all, so the Zakat bowl has been thoroughly purified.
He said that the major problem in Zakat accounting is debt, as there are seven main views in this regard, and all of which are legitimate.
Therefore, the Authority earlier took the opinion that goes that debt does not prevent zakat, unless it was short did not complete a year.
He explained that the Authority relies in dealing with the taxpayers in two ways.
The first is "discretionary accounting", which is for those who do not have financial statements and do not have accounting procedures.
The second is for taxpayers who are required to issue financial statements such as companies and other commercial activities.
Therefore, the new regulation takes into account the date of commencement of the debt and postponed if it was within 345 days or more from the beginning of the Zakat year, the Authority applies the "proportionality" calculation mechanism, e.g., the calculation of the value of the debt on the number of days utilized in the Zakat year.
"The addition of debt in Zakat makes a big difference in extracting it," he said.
He stressed the existence of great differences between the taxpayers and the Authority in the past years on how to calculate the debt.
He said that the finance companies and banks came out of the new regulation regarding the calculation of Zakat in Articles (4) and (5), where a special regulation has been issued in accordance with Article (7), which grants the Governor of the Authority to issue regulations for special activities.
He said that the new regulation gave the objections of the taxpayers very important, as the new regulation stipulates the duration of the objection within 60 days to the Authority.
The Authority will respond within 90 days, with the right of the taxpayers to escalate the objection to the Committee of Disputes and the Appeals Committee in the event that the Authority did not respond within 90 days.
He stressed the need to pay the taxpayers within 60 days of notification of the Authority unless there are objections.
The Ministry of Commerce reviews the mechanisms of licensing offers and discounts at Asharqia Chamber
30/04/2019
The Ministry of Commerce and Investment reviewed the mechanisms of licensing offers and reductions in a meeting that was organized by the Hospitality and Recreation Committee at Asharqia Chamber of Commerce and Industry in the Eastern Region on Wednesday.
During the meeting, the Director General of the branch of the Ministry of Commerce and Investment in the Eastern Province Abdulaziz bin Abdul Rahman Al Khaldi said that the Ministry aims to organize the offers of discounts and competitions to protect the consumer from misleading and unimaginable offers and discounts through an easy electronic system, as the immediate license of the facility is granted electronically within one working day.
He explained that the establishments that are wishing to submit offers and discounts can obtain the license electronically from the Ministry on the link Sales.mci.gov.sa.
The Director General of the Ministry of Commerce and Investment in the Eastern Province stressed that the Ministry issued more than 36 thousand licenses for reduced products so far.
He noted that 54% of licenses were granted to commercial records, and 46% for agencies and trademarks.
Al-Khaldi said that partial discounts are given to shops that are wishing to make discounts at least 50% of the products offered at the shop three times a year.
Comprehensive discounts are granted to shops if all of their goods are subject to comprehensive reductions of 3 times a year.
General discounts are given to shops that are wishing to make a final liquidation due to leaving the activity or changing its type.
Al-Khaldi praised the commitment of the commercial establishments to the rules and conditions of the reductions through the licensing or a copy thereof in a visible place and to maintain the list of approved prices throughout the license period, and the general rate of reductions shall not be less than 10% of the price during the month preceding the commencement of the reductions, as well as placing cards on the products covered by the reduction showing the price before and after the reduction.
The advantages of the system of reductions were the immediate acceptance of applications and the issuance of reduced licenses based on the commercial agency or trade register, easy verification of product invoices for the purpose of auditing, the issuance and printing of licenses electronically to the merchant and the possibility of obtaining licenses for all shops in the Kingdom, as well as allowing the extension of a one-time reduction license and access to the data of any product listed on the reduced product list.
The director of the Ministry's branch in the Eastern Province talked about seasonal reductions, which is divided into seven sections (before the month of Ramadan, Eid al Fitr, Eid al-Adha, national day, Regions' discounts, the White Friday, Mid-term leave and the end of the year).
It is worth mentioning that the steps to extract the licenses should be done by registering on the site Sales.mci.gov.sa and then select the registry and brand, and add the products in a file (Excel) attachment to the site, then choose the duration of reduction and payment of the invoice sent and uploading the bills of the previous points of sale for reduced products.
The deputy chairman of Asharqia Chamber and the chairman of the Hospitality and Leisure Committee, Hamad bin Mohammed Al-Boali, said during the meeting that the wise government has sought to develop the hospitality and entertainment sector with its added value in the national economy through intensified efforts and programs responsible for the upgrading of various elements, reformulated regulations that related to sector development and the massive leisure projects have significantly contributed to enhancing the roles and position of the national economy and providing more investment opportunities and job generation.
He said that Asharqia Chamber, held this meeting, which is part of the activities and programs of the Committee on Hospitality and Entertainment in 2019, because it recognizes the importance of introducing industry leaders to the controls and requirements of promotional offers and to enrich dialogue and discussion on many topics relevant to this vital sector.
Four national experiments confirm the added value of "electronic commerce"
30/04/2019
At the Chamber's branch in Qatif Province: four national experiments confirm the added value of "electronic commerce"
As part of its efforts to enhance the e-commerce experience, as it brings value-added features to the national economy and is fully aligned with the requirements of Vision 2030, Asharqia Chamber, represented by the Business Council of Qatif branch, held a meeting on Wednesday (April 24, 2019) during which four national experiences in e-commerce were reviewed.
The meeting was moderated by the Vice President of the Business Council of Qatif branch, Hisham Al Seif.
It witnessed a heavy presence of men and women, including a number of owners of applications that provide direct services to citizens.
The session was characterized by a direct dialogue session between the guestspeakers (three women and a man) and the audience, which lasted for more than two hours.
The meeting comes in less than a week after the Eastern Trade Forum 2019, which focused on electronic commerce and its impact on the retail sector, during which it reviewed many successful experiences in this regard and reviewed all the regulations and legislation governing this activity, which appears to be a domestic trade option (specifically retail) in the future.
During the session, Entesar Al-Mesbah (the owner of an application that provide family servicess) said that her beginning was in 2012 when she was pursuing the issue of obtaining the monthly salary provided by the program "Hafiz" as it requires the follow-up, which push her to work with the application and follow-up to obtain a salary that was in the range of 2000 riyals.
This follow-up was a first step that led her to start online shopping, as she was buying something every day and sell it directly.
Then, she shopped for her family, and opened herself an electronic page on Facebook.
With the passage of time, many people used it and its services, as she has become 62 thousand followers, and has been receiving orders at the rate of 20 orders per day.
This rate increases during the seasons and holidays.
She pointed out that the balance at the beginning was "zero" as she borrowed 3 thousand riyals to start her own business.
The activity of the business is continuous and with lasting return.
Nargis Al-Bader (Deputy General Manager of an application that provides maintenance services to citizens) explained that the beginning was in 2017, as it was started from the idea of developing an application that provides home services with less effort and less cost.
The beginning was with a dialogue between four people, but now, they are 16 people.
The services provided were from Qatif and have been progressing throughout the Kingdom and is looking forward to having its services outside the Kingdom specifically Egypt and the Sultanate of Oman.
The number of participants in the application are 30 thousand subscribers, as100 applications are received daily, and the application is being used even in remote areas.
For his part, Hossam Al-Yahya (the owner of an application serving catering services in the province of Qatif) said that four years ago, he was thinking with some of his colleagues about the project is not repeated.
They all heard a number of successful applications and experiments, as they asked for a "business dinner" and it took a quarter of an hour, so they talked about the restaurant and about the different things it offers.
From this position, they reached the idea of launching an application to search for restaurants and reviewed the lists.
Then, they went to find an application that offers a delivery service, therefore, they decided to work on their own and to follow up on their own potential without any borrowing.
They contacted the restaurants and success was their ally.
After a number of obstacles, the results were encouraging with registered restaurant sales increasing by 10 to 50 per cent, leading to an increase in subscribers.
At the beginning, it attracted a new customer every day, however, they receive every day 80 new customers every day now.
The application is implementing 12 -13 thousand sales per month.
Zahra Khalifa (owner of the application for infant service) said that the project began ten years ago, when I opened an account on Facebook and Instagram, and had a few customers, and was providing requests for infants by myself.
She is making clothes and the requirements of the newborn by a small sewing machine provided by herself.
With the passage of time and high demand for the product, she could attract a number of labors.
It has a laboratory, and has an electronic account of 242,000 subscribers.
In this regard, she stressed that her husband's help and ability to coordinate family tasks and work tasks was the most important factor in her success.
During the meeting Malik Al-Kashi talked about "Badir," which is a government program to support small, medium and emerging enterprises that was established in 2007 from the capital Riyadh.
It is expanding to six large cities and will reach nine in the near future.
He said that the goal of the program is to prolong the life of startups, especially since 70% of these companies do not last more than five years.
The program was established to support Saudi youth, diversify income sources and create non-traditional job opportunities.
The program has contributed to the creation of 10,000 jobs.
He stressed that the program embraces existing projects and has a path to support the new ideas that establish training camps for the development and activation.
He added, "We provide legal, training and advisory services."
Calories and its application is in a workshop at Asharqia Chamber next week
29/04/2019
On Monday, April 29, 2019, Asharqia Chamber and in cooperation with the Saudi Food and Drug Authority will organize a workshop on (Calories and their application mechanism), which is part of the efforts of the Hospitality and Leisure Committee and its activities plan for 2019, that will be held at the headquarter of the Chamber at 10 am.
The workshop aims at introducing the owners of restaurants, cafes, food establishments and those interested in food in general on the initiative of the Authority to develop a list of calories and the mechanism of calculation within the lists of meals restaurants and cafes.
For his part, Hamad Mohammed Al-Buali, the Deputy Chairman of the Board of Directors of Asharqia Chamber and Chairman of the Hospitality and Leisure Committee, said that what the Food and Drug Authority is offering today is a qualitative initiative to list the calorie intake and calculate it as a list of meals for restaurants and cafes will enable the consumer to know the amount of calories in meals and drinks and will push the sector to more competitive and achieve excellence.
He pointed out that the workshop is an opportunity to introduce the owners of restaurants and cafes in the eastern region on how to calculate calories and put them on menus of food and drinks, in addition to identifying the penalties that to be applied to caloric offenders in the list of meals starting next year.
The Food and Drug Authority has committed all food establishments by putting calories on the list of meals and drinks that are offered to the consumer in no later than the end of the current year 2018.
Saudization of trainers and the corporate alliance in the expanded meeting of the training sector in Asharqia Chamber
29/04/2019
As part of the activities and programs of the Training and Education Committee, Asharqia Chamber held an extensive meeting of the training sector in the region on Sunday, 21 April 2019 at the headquarter of the Chamber.
The meeting was chaired by the Chairman of the Committee, Khalid bin Hamoud Al-Juwayrah, with the presence of the members of the Committee.
The meeting discussed a number of points, the most prominent of which are the localization of trainers, the work of unlicensed trainers and their impact on the sector, in addition to the classification of training centers and institutes in the Eastern Province.
The meeting also discussed several topics of importance in the local economic situation, including the alliance to establish large training companies with high professional and specialized, and working through professional plans and programs in order to raise the quality of training programs that are in line with the objectives of the Vision of the Kingdom 2030.
Asharqia Chamber and SABIC celebrate the graduation of 15 trainees in the professional certificate program for the rehabilitation of the industrial investor "Nasna"
29/04/2019
-With a 4-month specialized training program, Asharqia Chamber and SABIC celebrate the graduation of 15 trainees in the professional certificate program for the rehabilitation of the industrial investor "Nasna".
-Al-Khaldi: The program represents one of the important channels in strengthening the aspirations of the Vision of the Kingdom 2030.
- Al-Bunyan: The trainee's projects have come up with qualitative initiatives that serve the local market and added value.
In the presence of SABIC Vice President and CEO Yousuf Bin Abdullah Al-Bunyan and the Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, the Chamber celebrated the graduation of the first group of the professional certificate program for the rehabilitation of industrial investor "Nasna" that held in partnership with SABIC in its efforts to support the young business sector in order to help young investors establish their small and medium-sized industrial enterprises through a package of training programs that will be completed by establishing factories for graduates of the program.
The ceremony was held with the presence of a large number of SABIC officials, the Board of Directors of the Chamber, businessmen and specialists.
At the beginning of the ceremony, Al-Bunyan and al-Khaldi honored the qualified trainers that are experienced to implement professional training programs, experts in the industrial investment environment in the Kingdom, who participated in delivering the program for four months.
In a festive atmosphere on Sunday, 21 April 2019 at the headquarter of the Chamber, Al-Bunyan and al-Khaldi honored Khalid Al-Ghamdi, Rafaat Al-sarir, Abdullah Aldweish, Abdullah Al-Sane, Obaid Al-obaid, Mothna Al-Raqtan, Mohammed al-Awaid, Naseem Zamaat, Mohammed Al-Habshan, Zaid Al-Yayeesh, Dr. Nabeel Shalabi, Mohammed Al-Mutairi, Abbas Bernawi, Motlaq Al-Otaibi and Majid al-Shami.
In addition, the trainees who graduated from the program were also given certificates: Ibrahim al-Dosari, Zabnan al-Dosari, Hussein Al Saif, Hussein Abou Hassoun, Hamad Fahad Al-Mansour, Khalid al-Maliki, Saleh al-Askar, Abdullah Al-Hajri, Faraj al-Shammari, Mohammed al-Jaafar, Mohammed Al-Khaldi, Meshal Al-Saleh, Naif Al-Harbi and Hadi Al-Qahtani.
On this occasion, Al-Khaldi said that the Vision of the Kingdom of 2030 in one of its main focus support the culture of entrepreneurship and motivate young people to engage in self-employment through reformulated regulations to be better and more accessible and provided many support channels and avenues of care to encourage young businessmen and businesswomen to succeed.
The "Nsna" program provides various training opportunities for our youth and introduce them to the concept of entrepreneurship, which depends on their development and growth on non-traditional ideas that can turn into successful industrial projects, which is one of the important channels in the consolidation of the Vision's aspirations and objectives.
It is an opportunity for our youth to start implementing their ideas on the ground.
Al-Khaldi pointed out that the celebration of Asharqia Chamber with alumni comes within the framework of its vision and mission, which seeks to consolidate the culture of entrepreneurship and encourage young people of both sexes to enter the economic fields and to be producers of jobs rather than seeking them.
For his part, Al-Bunyan praised the structure of the program; "we make sure that it is moving towards promoting a culture of self-employment."
He pointed out that the themes of the program came from a specialized provided by qualified trainers.
He pointed out that such programs are fruitful in providing national cadres in different disciplines as they have a strong desire to compete, armed with science and innovation.
Al-Bunyan said that the projects presented came with innovative ideas and this is an advantage for the program which, through the professional training staff, guided the trainees to quality and creative initiatives that serve the local market and offer the greatest service to distinguish our country with the ideas of its sons.
Al-Bunyan said that the projects provided by young trainees and on which they were able to overcome the program came innovative and added value.
He congratulated the graduates and wished them success in their careers.
In conclusion, Al-Khaldi presented a commemorative shield to Al-Bunyan for his support of the program and his attendance at the ceremony.
Asharqia Chamber holds a meeting to fill 125 job opportunities for a number of leading companies
29/04/2019
Asharqia Chamber, represented by the Employment Center, held a functional meeting in favor of a number of leading companies at the headquarter of the Chamber from 8.30 am until 1:30 pm.
The meeting received a number of job seekers to trade with 125 different job opportunities in sales, marketing and technical field to join Alshaya companies, Fawaz al-Hokair, eXtra, Saad Ali and Al-Essa Trading & Contracting Group for the qualified holders of general secondary diplomas and diploma in sales, marketing, and technical specialization.
Human resources and recruitment officials in the applicant companies received the required qualifications, where job interviews were held with the tasks and the presentation of the appropriate offers.
Asharqia Chamber of Commerce meets in its efforts to support the private sector with qualified national cadres and competencies, where these meetings provide a number of jobs with multiple options for job seekers.
The Contracting Committee hosts SABIC and looks for ways to support the sector
23/04/2019
On Tuesday, 23 April 2019, the Contracting Committee of Asharqia Chamber, which is headed by a member of the Board Hamad bin Hamoud Al-Hammad, hosted Eng. Abdullah Al-Balawi, General Manager of Saudi Basic Industries Corporation (SABIC) in Dammam at the Chamber's headquarters, where the Committee was briefed on the services provided by the company to the contracting sector in the region.
During the meeting, Al-Balawi gave a presentation on the company's achievements and its support for contractors in the Eastern Province with the aim of developing the mechanism of work and providing quality services that help the employees of the sector to continue to work to high standards that comply with the standards of the company.
On the other hand, the Committee reviewed the most prominent activities and programs during the second quarter of this year.
It also discussed the program of visits of officials and specialists in the region to discuss the challenges facing the sector in the region.
The Committee called on all contractors to interact and attend the workshop held by the Royal Commission in Jubail and Yanbu on their projects in the Jazan region at the Golden Tulip Hotel in Khobar on Wednesday 24 April 2019 at 7 pm.
Communications and information technology Committee is discussing its program of work
23/04/2019
The Communications and Information Technology Committee of Asharqia Chamber held its meeting on Monday April 22, 2019) that is directed by a member of the Board of Directors and Chairman of the Committee Nasser bin Rashid Al Bajash, where he discussed a number of topics related to the activities of the sector by the implementation of a number of events, lectures and workshops, in addition to the program of visits of officials and specialists.
The meeting stressed the importance of communication between the Committee and all officials in the relevant departments for its positive impact on the sector and its employees.
“Zakat collection " will be discussed in a specialized workshop at Asharqia Chamber tomorrow
23/04/2019
On Thursday 25/4/2019, Asharqia Chamber and in cooperation with the General Authority for Zakat and Income will organize a workshop on "Executive Regulations for Zakat Collection" that the Ministry of Finance intends to implement early next year 2020 during which the list will be presented and explain many of the details.
The workshop, which will be held at the headquarter of the Chamber's in Dammam, will discuss the list in its updated form after a number of organizational amendments that have been made to it.
These include improving the Zakat collection procedures to achieve the highest degree of commitment and efficiency, increasing transparency and clarity, which will reflect on attracting investment, increasing investor confidence, as well as the Zakat treatment of properties under development and Zakat and financing activities.
This workshop is part of the Authority's efforts to respond to the inquiries of those responsible for Zakat.
Asharqia Chamber hosts the branch manager of the Ministry of Commerce to discuss the controls of promotions and offers in the hospitality and entertainment sector
23/04/2019
On Wednesday 24 April 2019, Asharqia Chamber will be held a meeting with the Director General of the Ministry of Commerce and Investment in the Eastern Region, Mr. Abdulaziz bin Abdulrahman Al-Khalidi, in order to discuss the controls and the requirements of the hospitality and entertainment sector at the headquarter of the Chamber in Dammam at 12:30 pm.
Hamad Bin Mohammed Al-Boali, Vice Chairman and Chairman of the Hospitality and Leisure Committee at Asharqia Chamber, said that the hospitality and entertainment sector has become a fundamental pillar of the Vision of the Kingdom of 2030, and its effects are evident in the national economy, both in terms of generating investment opportunities and increasing employment rates among the national labor forces.
Al-Boali pointed out the importance of such meetings, which will strengthen the tracks of the development and growth of the sector.
He pointed out that it includes an open dialogue on the standards and controls of promotional offers in the hospitality and entertainment sector, which is reflected positively on the leaders of the sector of their awareness of these controls and how to deal with them, especially as they support the growth of the sector on a sound basis.
The meeting, which is part of the activities and programs of the Hospitality and Recreation Committee for 2019, aims to identify the pioneers of the hospitality and entertainment sector in the Eastern Province with the controls of promotional offers and their requirements, as well as enriching dialogue and discussion on many topics related to this vital sector.
The Founder of "Mrsool": billion riyals is the value basket for the client in the application in 2018
23/04/2019
On Monday 23 April 2019, Asharqia Chamber, represented by Asharqia Young Businessmen Council, and in cooperation with Badir incubator in Dammam held "Entrepreneurs' Session" that hosted the co-founder of the application (Mrsool), Naif Al-Samri, at the headquarter of the Chamber.
The meeting was attended by the President of the Council, Abdullah bin Faisal Al-Breikan, and a number of members of the Council.
During the meeting, Al-Samri reviewed thr application Mrsool, which offers its subscribers a new experience in the implementation of applications that aims to deliver the products desired by the client to his place of residence or any place chosen according to high professional standards and excellent performance.
Al-Samri said during the meeting, which witnessed the presence of interested parties and individuals, that the application is characterized by ease of dealing and also has several additional services, including the possibility to talk directly with the request connector to answer any query or even add any other requests.
He pointed out that these services are provided in order to provide convenience to the client and shorten the time and effort and also keep it away from the congestion on the roads and the tension that accompanies.
Al-Samri pointed out that the application is available on mobile phone stores and includes more than 175 thousand messengers in the team.
This indicated that the total value of the basket of the client in the application for the year 2018 was amounted to one billion Saudi riyals.
He stressed that these figures are a catalyst for entry into the electronic commerce market and that the Saudi market is a promising market and has many different opportunities.
Al-Samri explained, "The idea of implementing Mrsool was born when I felt there was a need or a problem in asking for a product and delivering it. Therefore, I thought of many solutions that can provide services that help many in securing their requests and delivery."
He added that the success of any idea comes with persistence, perseverance and effort, as well as knowing the opinion of the client that develops from our performance.
Regarding the advantages of application, Al-Samri said that the application appears in an easy and attractive manner and also many services and prices that are appropriate.
He pointed out that "Mrsool" enables you to access a large base of users in your area, which is easy to deal with them through multiple channels such as direct chat, billing and other services.
In conclusion, the Chairman of Asharqia Young Businessmen Council Abdullah bin Faisal Al-Breikan honored the guest speaker the co-founder of "Mrsool" Nayef Al-Samri's "Mersoul" with a commemorative shield.
Asharqia Chamber organizes a lecture on employment in small and medium enterprises in Khafji
23/04/2019
On Sunday 28 / April / 2019, Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises, plans to hold a public lecture entitled "Employment in Small and Medium Enterprises" that will be presented by the accredited advisor Saleh bin Nasser Al-Enazi at the Chamber's branch in the province of Khafji.
The lecture will address a number of themes and subjects, including the definition of small and medium enterprises, the importance of these enterprises in the GDP and its role in the fight against unemployment.
It will also review several other issues related to the local labor market and its relationship with SMEs.
The lecture is part of a number of activities carried out by the Chamber within the activities of the Center for the Development of Small and Medium Enterprises to support and develop small and medium enterprises that is including training courses, seminars, workshops and extended meetings.
All of these events have been held due to the importance of the role, effectiveness and vitality of this sector in the national economy.
Presenting successful experiences in e-commerce in Qatif
23/04/2019
On Wednesday April 24, 2019, Asharqia Chamber will organize a workshop under the title (Successful experiences in e-commerce) at the headquarter of its branch in Qatif province on Riyadh Road.
The workshop will witness an extensive dialogue between the audience and four successful applications to showcase their experience in the field of e-commerce and the challenges they faced in this area, and ways to overcome them.
This workshop comes within the scope of interest of Asharqia Chamber of Commerce on the subject of electronic commerce, which was the focus of talk and dialogue in the Forum of Eastern Trade 2019, which was held last week with the participation of a number of experts and specialists with the presentation of the experiences of six large companies specializing in this type of trade.
In this regard, the volume of electronic commerce in the Saudi market were amounted to 80 billion riyals, as the Kingdom is one of the top 10 countries in the world in terms of growth in electronic retailing.
Prince Ahmed bin Fahad bin Salman launches the activities of the Eastern Region Trade Forum 2019
22/04/2019
On behalf of the Amir of the Eastern Region, Prince Ahmed bin Fahad bin Salman launches the activities of the Eastern Region Trade Forum 2019.
The Eastern Business Forum 2019 highlights the aspects and developments of electronic commerce.
Al-Qasabi: The Ministry is in the process of establishing an e-commerce center that will serve as a nucleus for serving beneficiaries.
80 billion riyals is the size of the electronic commerce market in the Kingdom.
Al-Khalidi: E-commerce need to catch up and deal with the latest developments.
Al-Afaliq: Acceleration in e-commerce is one of the 2030 Vision data.
Under the patronage of His Royal Highness Prince Saud bin Nayef Sharaf, His Royal Highness Prince Ahmed Bin Fahd bin Salman, the Deputy Prime Minister was appointed for the opening ceremony of the Eastern Trade Forum 2019 "The Future of Electronic Commerce" on Wednesday (April 17th, 2019) at the headquarters of the Chamber.
It was held by Asharqia Chamber represented by the Commercial Committee with the presence of a large number of officials and businessmen and specialists.
HE Dr. Majed Bin Abdullah Al Qasabi, Minister of Commerce and Investment, said that the e-commerce system in its final stages after the approval of the Shura Council, as by its virtue, an e-commerce center will be established that will serve as a nucleus to serve beneficiaries of this type of commerce, which amounted to 30 trillion dollars at the global level and 80 billion riyals at the local level, according to statistics of the Ministry of Communications.
Al-Qasabi said during a televised speech to participants in the Eastern Trade Forum 2019 that the Kingdom is one of the ten largest countries in the world in the field of e-commerce, which is a trade mechanism that saves time and effort and allows consumers the freedom to choose the appropriate place and time and mechanism.
He added that electronic commerce depends on infrastructure, logistics services, and legislative systems, which is sought by all relevant bodies, including the Ministry of Commerce and Investment.
He explained that the e-commerce board will be established in the membership of 13 people representing government agencies and three members representing the private sector.
It has about 39 initiatives, as all of which aim to develop "consumer rights, infrastructure, postal services and logistics.
The Forum was launched under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and the presence and honor of His Royal Highness Prince Ahmed bin Fahd bin Abdulaziz, Deputy Governor of the Eastern Province.
Two dialogue sessions were held in which a number of experts and specialists participated in the field of electronic commerce and a number of businessmen who presented their experiences in this regard.
He praised the role of Asharqia Chamber that is active in establishing events and forums that support the economic movement in the Kingdom.
He thanks His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, for sponsoring many events that support the activity and economic mobility in the region.
He also thanks His Royal Highness Prince Ahmed Bin Fahd, the Deputy Governor of the Eastern Region, for his patronage and for his honor of attending the Forum.
Accelerated Growth
For his part, the President of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the e-commerce sector in the Kingdom is witnessing rapid growth and great expansion, so that it has become a reality of its obvious contributions to the national economy.
He noted that it is no longer an option we accept or reject, but we need to catch up with the ride and deal with the latest developments because it is the future, which must be reached in light of the promising opportunities.
Al-Khalidi pointed out to the Kingdom's keen interest in e-commerce, as it is a key part in supporting the ambitious strategic objectives of the Vision of the Kingdom of 2030.
It has continuously improved the quality and speed of services and strengthened its legislation to ensure the rights of its parties and launched initiatives that contribute to increased confidence, of which - an example not only - «Maroof» initiative that launched by the Ministry of Commerce and Investment for the service of e-commerce dealers, as well as the approval of the Council of Ministers on the establishment of the e-commerce council, which has enhanced the overall ease of business and keep abreast of international developments.
Al-Khalidi stressed that the high rates of the use of the electronic commerce in the Kingdom and the increase volume of transactions through consumers and companies require highlighting the available opportunities and experiences in the e-commerce sector and then determine the quality of service or product or technical project needed by the market to enter it with a competitive advantage, which called on the Chamber to set up this Forum to provide an objective reading of all e-commerce topics in the Kingdom and discuss the challenges faced by them and means of positive engagement with their steady growth.
Al-Khalidi appreciated the great attention that the business sector receives from the Custodian of the Two Holy Mosques and his faithful Crown Prince and the support extended by His Highness the Amir of the Eastern Province and his Deputy, as well as the great efforts exerted by the Ministry of Commerce and Investment and its affiliates to strengthen the e-commerce system in the Kingdom and improve consumer confidence in them.
Unprecedented growth:
For his part, the Chairman of the Commercial Committee in Asharqia Chamber Hani bin Hassan al-Afalq, said that it is the result of the Vision of the Kingdom of 2030 from comprehensive visions and ambitious programs of the national economy based on diversification and optimal utilization of available resources and the promotion of innovation and entrepreneurship.
The Kingdom witnessed an unprecedented economic growth and an active movement that we all feel at all levels.
With the launch of Vision 2030 in April 2016, E-commerce has emerged as a sector that supports the realization of the aspirations and objectives of the Vision, whether through the inflow of foreign investment or generating new jobs or providing new channels that have a major impact on the development of local industry.
It has made significant progress that requires all to be sustained by cooperation among all stakeholders within the e-commerce system.
He pointed out that despite the acquisition of transactions through the Internet from the momentum and rapid growth among consumers and companies in the Kingdom, our access to our national e-commerce options has risen from the 63rd to the 35th ranking of the Kingdom's position in the United Nations E-commerce Index.
This needs continuity of work to further improvement of the regulations and legislation, implementation of further development of infrastructure in the areas of communication, the improvement the efficiency of the logistics system and development of a digital payment system and facilitating business start-ups and other topics.
During the opening session, the Deputy Emir of the Eastern Region His Royal Highness Prince Ahmed bin Fahad bin Salman received a gift that is presented by the Chairman of the Board of Directors of the Chamber, Abdul Hakim Al-Ammar Al-Khaldi, to the Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz for patronizing the Forum.
His Highness the Deputy Governor of the region also received a commemorative gift on his honor in attenging the opening ceremony.
Al-Khalidi also presented a commemorative gift to His Excellency the Minister of Commerce and Investment Dr. Al Qasabi for his participation in the Forum.
His Royal Highness Prince Ahmed bin Fahd bin Salman bin Abdulaziz honored the sponsors, supporters and speakers of the Forum.
Experts at the 1st and 2nd sessions of the Eastern Region Trade Forum 2019:
Advocacy of legislation to develop electronic commerce and protect the merchant and consumer.
Saudi Arabia's e-commerce is expected to reach SR 130 billion in 2030.
Participants in the first session of the Forum of Eastern Region Trade 2019 stressed the importance of the existence of regulations and legislation to regulate and develop e-commerce to protect the merchant on the one hand and the consumer on the other.
They pointed out that the future will be for e-commerce, especially as the Kingdom is among the ten most developed countries in this area.
The session was held under the title (Electronic commerce legislation and regulations and their impact on the retail sector) and was conducted by the Marketing Professor at King Fahd University of Petroleum and Minerals, Dr. Saleh bin Abdulaziz Al-Shibl.
The session monitored the reality of e-commerce in the Kingdom.
The Kingdom is among the ten most developed countries in the world in e-commerce, and that the Eastern Region is the most developed regions in this regard.
The Ministry of Commerce and Investment's website includes 32,000 online stores, including 17,000 stores with official license to trade in the kingdom.
During the session, the Assistant Undersecretary of Technical Affairs Agency at the Ministry of Commerce and Investment / Abdulaziz bin Saud Al-Deheem stressed the importance of legislation as it should be applied to both local and international shops.
The regulations, if enacted, will apply to all that includes procedures on the validity of withdrawing advertisements and blocking the website if it does not comply with the system.
Several aspects of protection witnessed by electronic commerce, both for the trader and the consumer alike, as certain limits are required to disclose the specifications of the commodity.
He added, "We have many stores that do this to provide the consumer the right to see the commodity and the right of return even if it has no defect, therefore, there are several options in front of the consumer."
He expressed optimism about the future of electronic commerce, especially in light of the amendments and regulations issued by the Ministry or will be issued in the future.
The Secretary of the e-Commerce Council / Abdullah bin Ibrahim Al-Saleh pointed out that the 39 initiatives were adopted by the Council for the development of electronic commerce and consumer protection that provide support to the small investor to enter into electronic commerce through the provision of free consultations and professional training courses.
He revealed that the website of the Ministry has about 32 thousand electronic stores, including 17 thousand with commercial records of the practice of electronic commerce that includes detailed information about each store, whether it has complaints or the like.
He pointed out that the challenges facing us in the logistics, external freight, internal freight, delivery and licenses. Therefore, we need a legal framework to overcome these challenges and stimulate growth.
The Managing Director and Chief Executive Officer of United Electronics Company (eXtra) Mohamed Jalal Fahmy said that legislation is necessary to provide competitive advantage between domestic companies and international companies in order to prevent any commercial fraud that gives a bad reputation to companies working in the field of electronic commerce, as about 50% of electronic commerce currently comes from outside the Kingdom.
Fahmi pointed out that the legislation goes beyond the regulatory process and the principle of competition, but we look forward to legislation that guarantees the added value of electronic commerce that is to provide jobs, as the systems should be supportive of this major strategic objective.
He pointed out that e-commerce, with its many fields, offers job opportunities that should be used to serve the national economy.
He stressed the need to benefit from the countries that preceded us in this area.
For his part, the Chief Executive Officer of the Commercial Section of Noon Saudi Arabia / Engineer Tariq Fadel said that retailers are the only one who understand to deliver the commodity quickly.
Therefore, e-commerce is the ideal choice, and even succeed in need of a technical base and to reach the level of confidence of the consumer.
He pointed out that electronic commerce is growing rapidly and will not stop.
It is expected to reach 20 billion riyals in 2030 and we expect to increase the number of enterprises dealing with this type of trade.
Therefore, there must be systems that are consistent with this growing situation.
E-commerce will be part of every Saudi's daily life, as the Kingdom is now one of the first developed countries in this field.
The Kingdom will have an awareness, trust and government support.
He pointed out that electronic commerce involves many details.
Its growth will be reflected on the growth of business activities themselves, so the career opportunities will be and will come out, as we have to qualify for all these developments.
The second session was entitled (Successful Stories, Challenges, Difficulties and Solutions), which is conducted by Abdulrahman bin Ali Abu-Malh.
During this session, the CEO and co-founder of Dokkan Afkar Ammar Maatouq said that many young people who want to start their business in e-commerce believe that work is easy, and even surprised by the huge budgets spent on this trade.
This is a big mistake to make.
Electronic commerce is a different thing and a big job, not an easy one.
It needs a solid base and big business.
He pointed out that investors in electronic commerce need fair competition.
He pointed out that this could happen if the orders are decreased on the domestic traders, they will be able to supply their goods easily and can compete with traders from the same sector abroad.
For his part, the CEO of Rqmnh for electronic solutions said that the trader should understand the market before entering it, as some new traders buy goods with a huge budget and cannot sell them and here the capital is lost along with the loss of goods.
Al-Taweel explained that the new trader should not be dragged behind temptations if he bought goods of the same kind to get a discount, but to diversify the products that he imports so that he can satisfy all tastes and sell his goods.
Al-Taweel agreed with the speakers that e-commerce is difficult and needs to be done.
He pointed out that the companies measure the level of the market size of applications and hence comes the importance of understanding the depth of electronic work.
On the subject of competition, one of the founders of the company Carriage Musab bin Jihad Al Mutawa said that the consumer benefit from the competition in the market.
He pointed out that senior companies may intend to enter as a major competitor in the local market that is dominated by small players, but it cannot be done even if they spend huge budgets.
Hence, the idea of acquiring small players in the local market so that they can compete through the market people themselves.
For his part, the owner and founder of the application "Sokkat alteeb" Abdulaziz bin Abdullah Al-Matroudi said that investment opportunities are huge.
They are larger than those in the market.
From my point of view, opportunities are now available for investment.
He is advising young people to think about building brands first and then starting towards innovation and investment.
Al-Matroudi said that e-commerce is an integrated and not an individual business.
There are services related to this trade that are necessary to continue this sector.
He pointed to different sectors needed by the electronic business.
Asharqia Chamber offers specialized consultations for entrepreneurs in Jubail
22/04/2019
Asharqia Chamber represented by the Center for the Development of Small and Medium Enterprises organized the program "Free Specialized Consultancy" on Thursday (11/4/2019) for SMEs in its branch in Jubail.
Most of the challenges faced by these projects were in the areas of marketing, finance, management and technical matters.
The team, which includes a number of specialists, provided the necessary consultation.
Some practical proposals were made, based on data and experiences in this regard.
The program is one of the programs of the Center for the Development of Small and Medium Enterprises in the Chamber that aimed at to help young entrepreneurs to start their projects as well as who suffer from difficulty, in addition to helping existing small and medium-sized entrepreneurs who may face some challenges in their career and look forward to suggestions and recommendations to help them continue the process and those who wish to develop their businesses and projects and look forward to certain assistance for suitable solutions to some of the obstacles they face now or in the future.
The program also benefited some interested parties who wish to raise their knowledge of SME status and challenges.
This program is part of a number of activities carried out by the Chamber to support and develop small and medium enterprises, including training courses, seminars, workshops and extended meetings, which is based on the conviction of the importance of the role of these enterprises in the national economy.
The Real Estate and Development Committee is looking to enhance cooperation with its counterpart in Bahrain Chamber
22/04/2019
The Real Estate and Development Committee at Asharqia Chamber, headed by Engineer Hamed bin Hamri, discusses ways to enhance cooperation with its counterpart in the Bahrain Chamber with the presence of Sheikh Mohammed Bin Khalifa Al Khalifa, Chief Executive Officer of RERA - General Manager of Real Estate Registration in Bahrain, during the visit of the Committee to the Kingdom of Bahrain on Sunday, April 14, 2019.
The Committee discussed means of enhancing cooperation in the real estate sector and exploring investment opportunities in both countries, during a meeting of officials and specialists in real estate in the presence of the President of the Bahrain Real Estate Development Association, Eng. Aref Hagras, the second deputy chairman of Bahrain Chamber of Commerce and Industry Mohammad Al-Kooheji and the Director of Real Estate Investments at the Economic Development Board Ali Morteza.
The meeting reviewed the challenges facing the real estate sector and the possibility of developing a sustainable partnership to develop the sector.
Asharqia Chamber organizes a lecture on employment in small and medium enterprises in Khafji
22/04/2019
Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises, organizes a specialized lecture entitled "Employment in Small and Medium Enterprises" that will be hosted by the Chamber Branch in Khafji Governorate on Sunday, April 28, 2019.
The trainer and training counselor, Saleh bin Nasser Al-Enezi, will talk about a number of topics that are including an introduction on the sector of small and medium enterprises, its importance in the GDP, and the role of this sector in reducing the unemployment rate.
Al-Enezi explains during the lecture, which will be held from 6:30 to 7:30 pm, the benefits of the Small and Medium Enterprises Initiative Agreement with the Ministry of Labor and Social Development.
The lecture includes a presentation of the most important statistics and figures in the Saudi labor market.
Asharqia Chamber concludes its first edition of Sanaati Khafji 2019
22/04/2019
Asharqia Chamber concludes its first edition of Sanaati Khafji 2019.
Al-Khalidi: Supporting productive families involves several economic and social consequences.
Al-Wabel: The exhibition was an important marketing outlet that made a profit for these families.
On Tuesday April 16th, Asharqia Chamber concluded its first edition of its exhibition of productive families "Sanaati Khafji 2019", which was held for four consecutive days under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province.
It was opened by the President of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi with the presence of Governor of Khafji, Mohammed bin Sultan Al-Hazza and a group of businessmen from the region and the governorate.
An extension of success
The exhibition is an extension of the success achieved by the exhibition of productive families «Sanaati» since its inception in 2015 in Dammam.
It has been set up with the aim of creating marketing windows with more expansive spaces to display the products of the productive families of Khafji and to create an income for these families by selling their products in places designated for each family.
Al-Khalidi praised the patronage of His Highness the Emir of the Eastern Region of the exhibition "Sanaati Khafji 2019" and the great support that the productive families received from HH, who is always keen to sponsor and support them to improve their role in the national economy, as well as his support for all economic activities in the region and his continuous encouragement to the private sector.
The most important initiatives
Al-Khalidi considered this initiative, providing exhibitions for productive families to display their products and expanding its establishment among the provinces of the region, among the most important initiatives undertaken by the Chamber in the area of social responsibility.
It is an initiative that restores the work of productive families and helps to market their products properly.
The associations and development centers that provide these families are also given the opportunity to introduce their programs and activities to the family and society.
Al-Khalidi explained that Asharqia's chamber aimed at Sanaati Khafji to provide opportunities for the productive families in Khafji area and the nearby governorates.
The exhibition was a great support of these families and a contributor to the development of their activities and the marketing of their products.
He stressed that the support of productive families involves several economic and social consequences, as it is by representing an investment channel that brings added value to the national economy and on the other works to provide jobs and promote creativity and innovation.
Marketing outlet
For his part, the Secretary General of Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabil, said that the exhibition served as an important marketing outlet for these families, thus enhancing their continued work and finding the right income.
He pointed out that Khafji's Sanaati was a continuation of the importance of Asharqia Chamber to the productive families.
This sector has the potential to contribute to the development of the economy and stimulate the production and marketing process and provide employment opportunities for all sectors in the society.
He said that the Chamber seeks to be a leader in the service of productive families as part of this society, as it is its responsibility to contribute to its development and raise its level of service to serve the nation.
Al-Wabel explained that the exhibition was divided into four main sections that are including the Departments of crafts, handicrafts, decoration, fashion, clothing, sewing, perfume as well as the departments of food and sweets, coffee and spices.
It also received the presence of three incubators such as the Ministry of Labor and Social Development, the Social Development Bank and Khafji Women's National Association.
It targeted about 50 productive families who were able to display their products in the exhibition pavilions.
Moral returns
Al-Wabil pointed out that the productive families sector takes a large share of the attention of Asharqia Chamber, as being a sector that is characterized by other than the other sector with multiple benefits that is placing it within its social responsibility objectives.
For their part, the productive women expressed their happiness at the exhibition for the achievement of the well-being and giving them the chance to be in front of the public with their products.
They are hoping to repeat it more than once.
They pointed out that most of the amount of sales and financial returns are the great moral returns that they felt, as for the first time they feel like they sell in their shop or their own exhibition.
They also thanked the Chamber for organizing the exhibition and praised the high turnout of visitors and sales, which provided them with a substantial income.
The Secretary of the Eastern Region and Real Estate Development Committee discuss the challenges of the sector
22/04/2019
The Secretary of the Eastern Region Eng. Fahd Al-Jubair met with the Real Estate Development Committee in Asharqia Chamber, headed by Engineer Hamed bin Hamri, where he discussed the most important challenges facing the sector in the region during a meeting held recently at the secretariat headquarter in Dammam.
The meeting touched on several topics, the most important of which is serving the sector through the secretariat and enhancing cooperation in terms of offering investment opportunities, in addition to facilitating services to investors.
The meeting reviewed the vision of development in the Eastern Region, which is in line with the Vision of the Kingdom 2030.
The meeting stressed the importance of the business sector in implementing the terms of vision and working to develop the region through the implementation of development projects in many sectors.
Director of the Ministery of Education branch in the Eastern Province: We support private investment and stress Saudization jobs
22/04/2019
On Monday April 15, 2019, Asharqia Chamber held a meeting with a number of investors in the civil education at the headquarters of Asharqia Chamber in the presence of the Chairman of the Education and Training Committee in the Chamber Khalid bin Hamoud Al-Juwairah and members of the Committee and the civil education teacher Awad al-Maliki.
The Director General of the Ministery of Education in the Eastern Region, Dr. Nasser bin Abdulaziz Al-Shalan, stressed the Ministry of Education's keenness to raise the participation rate of the private sector in education from 14% at present to 25%, and the conversion of 2000 public schools for operation by small enterprises by 2020, and unloading the school administration to develop the educational process.
He said that the Ministry, which adopted the principle of encouraging participation of the private sector in education, has taken several steps in this field.
Several measures have been taken to this end to prepare an integrated strategy to promote private sector participation in education, in addition to the establishment of offices to provide the required services to investors, improving the legislative environment with the relevant authorities, developing the electronic system supporting the private education, the modernization of the list of private education, and the expansion of kindergartens.
Al-Shalan said that the most prominent feature of private investment in education is its support for the quality principle adopted by our wise government in all sectors, most notably the education sector, which includes (the quality of curricula and courses, quality of infrastructure, efficiency of educational and administrative frameworks, quality of basic and continuous configuration, optimal management of human and financial resources and continuous improvement.)
One of the steps the Ministry intends to undertake to support private investment in the education sector is the conversion of 2000 public schools for operation by small enterprises by 2020 and unloading the school administration to develop the educational process.
He stressed that the Ministry of Education and within the framework of its objectives for the development of civil participation in education puts in mind the issue of resettlement and Saudization, especially in private schools and specifically in leadership and supervision positions (Director, Deputy, Administrative Officer, Extracurricular activity teacher, orientation officer).
Asharqia Young Businessmen Council concludes its trip to Finland
22/04/2019
The Chairman of Asharqia Young Businessmen Council, Eng. Abdullah bin Faisal Al-Breikan, confirmed the success of the Council's tour that started last week in Finland, where the Council visited a number of incubators and learn about the most important programs to support entrepreneurship.
Al-Breikan noted the support of the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Honorary President of the Council, especially for young entrepreneurs in the region with his Highness' keeness on the progress and development of this sector.
He also referred to the support for His Highness Prince Ahmed Bin Fahad Bin Salman, which contributes to the launch of the Council to different horizons to achieve excellence in entrepreneurship.
He also pointed to the support of His Excellency the Ambassador of the Custodian of the Two Holy Mosques, Dr. Faisal bin Ibrahim Ghulam, with the delegation of Asharqia Young Businessmen Council.
He reviewed the program of the Council and provided great support to the delegation through the coordination of its visits and facilitate its tasks in order to achieve the objectives of the visit.
Al-Breikan said that the Council-through the program of intensive visits that launched on Monday and ended last Friday-was able to form several ideas for pioneering initiatives through which the entrepreneurs can make a difference in the local market.
He pointed out that the Council held several meetings with officials in incubators and programs to know the mechanism of work and various support provided by the centers for entrepreneurs, so that they can start their projects and continue work towards excellence.
Al-Breikan said that the Council is keen to benefit from the international experience to support entrepreneurship in the Eastern Region through contributing to providing all new and useful to the young business sector.
He pointed out that the Council will present-through its programs-a summary of this visit to benefit the sector.
He stressed that the program of visits will continue to target countries that lead in providing various initiatives and programs in order to identify the developments of the business sector and the mechanisms used in various countries of the world to promote the economic work of young entrepreneurs.
For his part, Mohammed bin Khalid al-Mohammadi, a member of Asharqia Young Businessmen Council and the program of visits, said that the members of the delegation during the visit met with the President of the Chamber of Commerce in the city of Helsinki, Fablon Annie, who reviewed a brief about the most prominent services provided to owners of small and medium enterprises.
They also met a number of Finnish businessmen and entrepreneurs to explore potential investment opportunities in Finland.
The delegation also visited other centers and incubators that provide support to entrepreneurs and assist them in establishing their businesses.
They also learned about the key incentives offered by the Government of Finland to the SME sector, in addition to various visits to the research centers and universities whose programs aim to build a new culture that supports the subject of entrepreneurship and provides an opportunity for entrepreneurs, students and others to present their diverse and innovative entrepreneurial ideas and then provide them with specialists who provide them with advice and guidance in order to develop their skills and enable them to start their entrepreneurial projects.
The Prince of the Eastern Region patrons the events of the Eastern Region Trade Forum 2019
16/04/2019
It is organized by Asharqia Chamber next Wednesday.
The Prince of the Eastern Region patrons the events of the Eastern Region Trade Forum 2019.
Al-Khalidi discusses a number of topics, most notably the legislation and regulations of electronic commerce and their impact on the retail sector.
On April 17, His Royal Highness Prince Saud bin Nayef bin Abdulaziz patrons the activities of the Eastern Trade Forum 2019, which is organized by Asharqia Chamber as one of the activities of the Trade Committee in order to raise the level of commercial activity in the Eastern Province and addressing many of the challenges facing the sector at present.
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that this forum, which is one of the activities of the Commercial Committee of Asharqia Chamber, is part of the Chamber's mission to develop business activity through opening up more prospects for the private sector and searching for solutions to the difficulties facing this sector.
In one of its sessions, it reviews the success stories of a number of institutions and companies in facing challenges and difficulties.
The guest speakers were the founders of Carriage Company Musab bin Jihad Al-Mutawa, the CEO and co-founder of Dokkan Afkar / Ammar and Jana Matouq, the Chief Executive Officer of Rqmnh e-Commerce Solutions / Yazid bin Abdulaziz Al Taweel and the owner and founder of the application Sokkat Alteeb / Abdulaziz bin Abdullah Al Matroudi.
The session was directed by the founder of Thmanyah publishing company / Abdulrahman Abu-Malih.
Al-Khalidi added that the Forum will discuss a number of important topics that are directly related to the business activity including e-commerce legislation and regulations and their impact on the retail sector, as e-commerce is of great importance in retail markets, both now and in the future.
The guest speakers of this topics are the CEO of the commercial section of the company Noon Saudi Arabia / Eng. Tareq Fadel, the Assistant Undersecretary for Technical Affairs at the Ministry of Commerce and Investment Abdulaziz bin Saud Al-Dahaim, the Managing Director and Chief Executive Officer of United Electronics Company (eXtra) Mohammad Jalal Fahmy and the Secretary of the Electronic Commerce Council / Abdullah bin Ibrahim Al Saleh.
The session moderated by the marketing professor at King Fahd University of Petroleum and Minerals, Dr. Saleh bin Abdul Aziz Al-Shibl.
He explained that Asharqia Chamber has always endeavored to explore the future and try to read it at an early date and then make recommendations and proposals to deal with it.
When looking at the subject of electronic commerce, it sees in the light of reality indicators that is the language of the era in the coming years.
He noted that Asharqia Chamber discussed the subject of electronic commerce more than twenty years ago, at a time not clear picture as it is now.
The Forum, while focusing on the issue of legislation and regulations on electronic commerce, had a direct impact on the development of this type of trade, which will not proceed in a manner that achieves the added value of the national economy unless the legislation and regulations are accurate, clear and explicit.
This is what we have seen in recent years of the issuance of many decisions governing the electronic business activity.
Al-Khalidi expressed sincere thanks and appreciation to His Highness the Emir of the Eastern Region for sponsoring the activities of this Forum and meeting with representatives of the private sector of businessmen and businesswomen in the Eastern Province.
For his part, the Chairman of the Commercial Committee in Asharqia Chamber Hani bin Hassan al-Afalq said that the trade in the Eastern Region is witnessing great developments and successive by virtue of geographical location (on the Arabian Gulf, and near the GCC) and the economic importance represented by the region being the capital of oil and industry in the Kingdom.
One of the major developments is the entry of the electronic component in trade, which has witnessed qualitative leaps in the volume of daily trade exchanges.
He added that the Forum will review a number of success stories of some prominent institutions in facing the challenges and difficulties in the issue of electronic commerce, which is the language of the era in the commercial side in particular, as the purpose of all this is to exchange views on the solutions offered to these challenges and those difficulties, which face institutions in this way.
He pointed out that a great preparation by the Scientific Committee of the Forum, as it selected a number of experts and speakers who have experience and knowledge and experience as some of them are distinguished businessmen in their fields of work, especially the issue of electronic commerce, and some are officials in some business circles.
It is expected that the Forum will be another addition to the commercial activity in the Eastern Province.
The Environment and Food Committee is considering resettlement in the Nationalization Department of the Ministry of Labor
16/04/2019
Members of the Environment and Food Committee discussed ways to develop the bakery sector during the recent visit by members to the Director of the Department of Nationalization of the Trade Sector in the Ministry of Labor and Social Development, Abdul Salam Bin Saleh Al Twaijri.
The visit reviewed the most important challenges facing the sector, which is represented by finding solutions to discuss the leakage of employees in the bakery sector and stimulate the sector's employees to implement the plan to localize outlets, in addition to providing an appropriate plan to support Saudization and achieve continuity of the sector.
The Chairman of Asharqia Chamber opens the first edition of the production of the "Sanaati Khafji 2019"
15/04/2019
On behalf of the Prince of the Eastern Province, The Chairman of Asharqia Chamber opens the first edition of the production of the "Sanaati Khafji 2019"
On Saturday evening, April 13, 2019, on behalf of His Highness the Amir of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, opened the first edition of the productive family exhibition (Sanaati Khafji 2019), which is organized by Asharqia Chamber under the patronage of His Highness the Emir of the region and in the presence of the governor of the province of Khafji Mohammed bin Sultan al-Hazza, the Secretary General of the Chamber Abdulrahman bin Abdullah Al-Wabil and a remarkable number of businessmen in the province.
The exhibition was attended by the mayor of Khafji Mohammed Hamidani and the Chairman of the Business Council in the Chamber of Khafji province, Hussein Al-Anzi.
The exhibition, which runs until Tuesday, April 16, presented about 50 families of Khafji Governorate who are exhibiting various handicrafts and food items, as well as perfumes and decorative works.
A strategic choice
On the sidelines of the opening of the exhibition, Al-Khalidi said that Asharqia Chamber launches in support of productive families of a strategy of strength, "The work of productive familiess represents a strategic option within the Vision options of the Kingdom of 2030."
This prompted the Chamber to move towards expanding the circle of beneficiaries of the initiative of the productive family exhibition "Sanaati" that started in 2015 and continues until now.
He pointed out that the exhibition represents a major marketing outlet for the work of productive families from the people of the province of Khafji who today offer commendable works.
He pointed out that the productive families' projects limit the need of these families and turn them from the families of recipients of subsidies to productive families, as well as their role in rooting the national heritage.
National Economy System
Al-Khalidi pointed out that the Chamber since the adoption of the exhibition "Sanaati" aims to develop the culture of productive families with the importance of their work as that they can be an integral part of the national economy system if they follow the bases and rules necessary to complete their career in self-employment.
He stressed the continuity of the Chamber in the launch of initiatives and the establishment of events of interest to the productive families of what can be represented in the national economy.
He pointed out that it occupies an advanced position in the economies of many countries in the world, and that the Kingdom has the necessary ingredients to make productive families as a significant figure in the national economy.
A multipurpose economic component
For his part, the Secretary General of Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabel, said that the Chamber has always been a pioneer by adopting initiatives and seeking to provide more for the benefit of society, "being part of the society in which you live."
It is its responsibility to contribute to its development and raise its level of service to serve the benevolent country.
He pointed out that the Khafji exhibition is a continuation of the importance that Asharqia Chamber attaches to productive families as a multi-benefit economic component.
This is indicating the extent to which the sector can contribute to the development of the economy, stimulate the process of production and marketing, provide employment opportunities for the segments of society.
Training Support
Al-Wabel explained that the exhibition of the year will be attended by 50 productive families who received excellent training support from the Social Responsibility Center in the Chamber in preparation for the exhibition.
He pointed out that participating families will be given the opportunity to meet directly with the visitors' audience.
He pointed out that each family participating will have their own business card that includes communication numbers, which will be distributed to visitors, as well as a marketing guide that includes all participating families to help market their products.
It opens the door to the continued marketing of products of participating families and products throughout the year without relying on the exhibition only.
It woul be easier to guide the public after the expiry of the exhibition to communicate with the families producing their products.
Al Wabil expressed his hope that the exhibition of this year will be successful and achieve the goal of effective participation by the participating productive families.
It embodies tangible support for these families and their contribution to the development of their activities and the marketing of their products.
He called on citizens and residents in the province of Khafji to visit the exhibition and enjoy the products offered by the families produced at the entrance.
Governance Forum: Seeking to keep abreast of scientific developments to enhance performance efficiency in Saudi family businesses
15/04/2019
During the opening session of the Corporate Governance Forum in Family Businesses:
Al-Mana: We seek to keep pace with scientific developments to enhance the efficiency of performance in Saudi family businesses.
Al-Khalidi: Governance is the safe way to sustain businesses across generations
Jane Wales: Implementing first-generation governance for any family company ensures continuity in future generations
The Forum on Corporate Governance in Family Companies organized by Asharqia Chamber in cooperation with the Institute of Directors in the GCC countries on Wednesday, April 10th, under the patronage of HE Dr. Majid Al Qasabi, Minister of Commerce and Investment that entitles "The latest trends and best practices in family business governance."
The Forum stressed the importance of spreading the culture of governance and institutionalizing family businesses among family business owners and indicating the need for legal procedures and family charters to ensure that these companies continue to serve the national economy.
The Forum witnessed seven sessions of dialogue and presentation of a number of working papers, which will be presented by a group of specialists from inside and outside the Kingdom that dealt with many aspects related to family companies and their role and future in the local economic scene.
Government programs and plans
At the opening session, on behalf of His Excellency Minister of Commerce and Investment Dr. Majid Al-Qasabi, the undersecretary of Interior Trade, Abdul Salam Bin Abdullah Al-mana, reviewed the programs and plans implemented by the Ministry to enhance the efficiency of small and medium enterprises.
He said that in view of the great economic importance of the family business sector and its impact on supporting the national economy and achieving its future goals through its programs and strategic plans, the Ministry is keen to keep abreast of the scientific developments in this regard and to harness its positive data to enhance the efficiency of family enterprises.
The Ministry has done everything possible to strengthen the sector's progress.
He reviewed the experiences of all kinds and saw many specialized studies to take advantage of them in reaching a model that meets the needs of the family business community in the Kingdom and opens new horizons for the application of governance mechanisms, as these mechanisms have positive implications for the sustainability of family business across generations.
Among the efforts made by the Ministry to support and organize family businesses,
he said that the Ministry issued last year the guiding charter of family businesses, which is a document that helps regulate the work of family members in the executive of their companies, sets a clear perception of the policy of distribution of profits and draw up specific mechanisms for the disposal of the shareholder in shares and the departure of shareholders in order to enhance the values of the family business and achieve the objectives of companies and business development in accordance with the institutional framework that supports its expansion and increases the chances of success ..
In this regard, he added that the Ministry has blessed the establishment of the Family Facilities Center and considered it as an important step that supports the Ministry's pathways in enhancing the march of the family enterprise sector through the various activities that will be carried out by the center in the near future.
He added, "We continue to provide support for the coming generations to complete in our family businesses what the first generation has built."
He described the Forum as a meeting this elite of experts and specialists in the fields of governance and institutionalization, which is an opportunity to recognize developments and keep abreast of the developments on the best practices of corporate governance.
He said, " I am very confident that we are all looking forward to the path of renaissance and sustainable development in accordance with the standards of good governance, a path we have begun since the inception of Vision 2030."
In conclusion, he thanked Asharqia Chamber for its contribution to the national economy and its keenness to spread the culture of institutionalization and governance among various companies (family and non-family).
He sent a special thanks to the Chamber's leadership for its cooperative spirit by saying, "I am confident that this spirit is what we need today to reach our goals and our future aspirations."
Global standards
For her part, the Executive Chairman of the Institute of the Director of the Gulf Cooperation Council, Jane Wells, reviewed the services provided by the Institute, a non-profit institute, which works with many large companies such as Saudi Aramco, Saudi Basic Industries Corporation (SABIC), and others that played a major role in establishing the Institute in 2007.
She stressed her keenness to raise awareness of the corporate governance of all kinds and presented various ways and means to apply governance within them.
The institute is located in the GCC, as it conducts many seminars and workshops and seeks to connect with local expertise to help companies apply governance.
She added, "Family businesses are a big sector that is facing a host of problems and challenges and all we hope and seek is to apply the governance of the first generation to any family company, which ensures continuity in future generations."
She pointed out that the global economy of the Kingdom requires the elements of the owners of companies to apply all the principles of governance according to international standards.
Spreading the culture of governance
For his part, the Chairman of the Board of Asharqia Chamber Abdulhakim bin Hamad Al-Ammar Al-Khalidi, said that the ideal solution for the sustainability of family business and its smooth transition across generations lies in the introduction of governance measures, which balances management and ownership and takes companies, regardless of their size and number of owners, to progress and success.
Al-Khalidi added that it is in the face of successive changes in the national economy, which is created by the Vision of the Kingdom 2030, where increased reliance on the private sector as a cornerstone of growth and development and because family businesses are a major component of the private sector.
Today's Forum aims to identify family business owners with the latest trends and best practices in family business governance and all that will preserve the continuity of their business of all kinds.
It is a message that is constantly confirmed by Asharqia Chamber, "Governance is the surest way to sustain businesses across generations."
Al-Khalidi reviewed the positive aspects of the culture of governance and its actions on family businesses and the national economy by saying, "Asharqia Chamber has taken the dissemination of the culture of governance among family businesses a target. This Forum and other programs, initiatives and awareness lectures are all aimed at achieving the goal of family business owners to adopt governance measures because of the great benefits of the family company and the national economy both in terms of increasing their contribution to non-oil GDP and in terms of absorbing thousands of national labor forces."
At the end of his speech, Al-Khalidi praised the wise government, represented by the Ministry of Commerce and Investment, for its great efforts to stimulate and encourage the business sector to institutionalize business.
At the end of the opening session, all sponsors, supporters and speakers were honored.
538 thousand family enterprises, which constitute 63% of the total establishments operating in the Kingdom.
Al-ajlan: The contribution of family enterprises to the Kingdom's GDP is 810 billion riyals.
Bin Dawood: The passion of children in the fields of the company is the most prominent reasons for the continuity of family businesses.
Al-Majdoui: 10 family companies may only stay three for the third generation
The first session emphasized the importance of the governance of family affairs and that the challenges begin with the third generation in particular, as the family was unable to distribute the shares in a deliberate manner between ownership and management.
Reduce powers
During this session, which was titled "Corporate Governance in Family Companies: The Latest Trends and Best Practices," the international Advisor on Governance and Board Development, Professor Bob Garrett, said that informal family governance allows for the governance of the most formal and legislative companies around the world, which is creating many challenges for family businesses that are not expected by all members of the family including some resentment within the family, especially with regard to the reduction of powers, but the pressures are likely to increase within the family and here must be agreed on the two things until the work continues.
Garrett said that more than 90% of companies worldwide are family businesses and have a growth rate of 10% per year with the exception of small businesses.
He pointed out that 84% of family businesses have a sense of goals and values agreed upon as a company, and 63% of them are looking to take significant steps in developing the mechanism of action towards digital transformation, and 55% have a fully documented strategic plan.
On the specifications of the founding generation and successive generations, Garrett stressed that the founding generation often has the energy and the strong concentration as dominated by tyranny.
The second generation is careful to grow and increase the volume of business and development with a little resentment and frustration.
The third generation is overcome by loss of focus and failure if the family cannot distribute the shares in a deliberate manner between ownership and management to ensure the long-term health of the business.
Enhancing competitiveness
At the second session that entitled "Services of the National Center for Family Businesses", Talal Al-Ajlan, CEO of the National Center for Family Business, said that the Center is currently in the establishment phase, after the Minister of Commerce and Investment inaugurated at the headquarters of the Chamber of Commerce and Industry in Jeddah in November 2018, which aims to highlight and develop the role of family enterprises in economic and social development and enhance their competitiveness and increase their contribution to GDP in order to achieve the Vision of the Kingdom of 2030.
It also aims to support family businesses in the Kingdom and help them apply the best standards of governance to achieve sustainability and support them in the face of various challenges.
This will be through the services and programs that the Center that is currently developing and will be presented in the future to various segments of family businesses and in various areas of our precious kingdom.
Al-Ajlan pointed out that the family enterprises constitute the majority of the establishments operating in the Kingdom with about 538 thousand family establishments, which constitutes 63% of the total establishments operating in the Kingdom by the end of 2017.
He pointed out that the contribution of family enterprises to the Kingdom's GDP is SR 810 billion, and its contribution to the GDP of the private sector is about 66%.
On the contribution of family enterprises in the labor force within the Kingdom, he said that the employment of family enterprises with about 7.2 million employees constitutes 52% of the total labor force in the Kingdom - including national employment - by the end of 2017.
Family enterprises employ about 7.2 million employees, representing 76% of the total workforce in the private sector by the end of 2017.
He pointed to the Eastern Region that comes as the third largest area for the integration of family businesses in the Kingdom after Riyadh and Mecca by 18%.
Al-Ajlan stressed the importance of the guiding charter for family businesses, as it aims to strengthen the cohesion of family members to achieve the development and success and works to establish a balance between the interests of family members and the interests of the company and to educate family members of their rights and obligations and maximize the value of the company and the development of its business, as well as making the company a base for the permanent contribution of the family in the service of the national economy and society and encourage the independence of the institutions of the company and its executive team on the family, as well as transparency and clarity in family relationships.
Parallel companies
The 3rd session was entitled (legal and family aspects, family charter and succession plans) and was moderated by Dr. Ibrahim Al-Mutraf, President of Bir Al-Khair Center for Economic Consultancy.
The speakers of this session are Ahmed Bin Dawood, the CEO of Danube and Bin Dawood CEO, Dr. Zaid Mahaeni, the Head of Legal Affairs and Board Secretary at SEDCO Holding, Abdullah Al Majdoui, the Chairman of Al-Majdoui Group, and Detlef Daues, the CEO of V-Line Europe.
Detlef Daues stressed the importance of the presence of advisers from outside the family, and not be limited to the management of the family company in the individual member of the family as it puts the company at risk.
He pointed out that his parents participated in their company since its inception and had significant contributions to the company, especially in the addition of new products or expansion of production and is now in the process of training children to carry out administrative functions in the company.
He stressed his keenness to work and attention to the reason for its continuity and success.
For his part, Ahmed bin Dawood said that there are about 30% of family businesses that did not succeed in reaching the third generation.
He pointed out that their company has now reached the third generation and has about 65 branches.
He stressed that the first ruler in the continuity of family businesses is the passion of family members in the fields of the company.
He advised family business owners to instill passion in the family members.
He added, "There is an agreement within the family that those who want family members not to work within the framework of the company and independence away from them should not establish parallel companies operating in the same family business, so there is no conflict between family members that may affect the ties within the family."
Seamless succession
Dr. Zaid Mahayne said that it is important to involve family members within the company.
He pointed out the process of succession of generations in SEDCO Holding, as it is a smooth succession in successive stages as well as providing successive generations with various training programs.
He pointed out that the company has two boards for the family and one for the shareholders.
The Family Council is training the family members on the governance and procedures of their application and importance in the survival of the company and continuity.
The Board of Shareholders has the ability to make recommendations.
He stressed the existence of separation between the two councils and also there are external experts supporting the company advice and guidance.
Mahayni pointed out that there is great concern within the family to inform the whole family of what is going on or will happen in the future.
A press release was issued containing all updates within the company or family, which is making the family members a permanent event.
The Chairman of Al-Majdoui Group, Abdullah Al-Majdoui, stressed that the continuation of family businesses after the third generation that has become very difficult, as out of every 10 family companies may remain only one generation after the third, and that of every 10 family companies may remain only three for the third generation.
He pointed to the importance of the growth rate of the family company as it is greater than the growth of the family itself.
He stressed the importance of the future vision of the company, which is clearer to the rest of the family.
Al-Majdoui noted the role of the mother in the cohesion of the family, which is reflected positively on the cohesion of the company, as her role is very important in achieving cohesion between the children.
To maintain the dividends and the level of family wealth: family businesses need to grow from 12% to 18% per year
At the fourth session that is entitled, "the Ministry's Guide for Family Businesses," Mr. Hussain Al-Shamasi, a partner in Allen & Overy- Khoshaim & Associates, stressed that shareholders in family businesses have acquired many rights such as pre-emptive rights in respect of new equity issues, as well as the right to fair treatment and distribution of profits and to obtain part of the assets of the company at liquidation and the freedom of disposition of shares.
They also have access to corporate letters and correspondence, supervision of board performance and accountability of members, as well as the nomination and election of members of the Governing Council and the objection to General Assembly resolutions.
On the composition of the Board of Directors, the evidence required that the Council have at least three members and at most 11 members, a third of the board members must be independent directors
He pointed out that no one can be the director of more than 10 joint stock companies closed at the same time.
The Chairman is also unable to hold an executive position in the company or to become a member of the audit committee or to chair any of the company's other committees.
He stressed that the most important reasons for the emergence of family disputes are the direct or indirect interest in the work and transactions that carried out on behalf of the company or conflicts of interest between members of the Board of Directors.
He pointed out that the reports on family businesses recommend that the Board of Directors meet at least once every three months and in total four meetings in one fiscal year with a quorum of half of the members.
The minutes should include all discussions and decisions, statements and observations that made by members and any dissenting views.
At the 5th session that is etitled, "Results of PwC Survey on Family Businesses in the Middle East and the World," Mr. Nasser Amin, Partner at PricewaterhouseCoopers, revealed that 75% of PwC's 293 family businesses surveyed confirmed that having a clear set of values has created a competitive edge.
84% of them expect their revenues to grow over the next two years, and 80% were concerned about keeping up with the requirements of the stage and developing the tools of companies through digital transformation, innovation and technology.
50% of companies in the Middle East work in multiple sectors and multiple countries and 75% of family businesses in the Middle East have members of the next generation family working in the company and 78% of companies plan to pass management to the next generation.
Nasser said family businesses are the foundation of the Middle East economies.
He pointed out that family businesses are basically pilot projects and are an important source of economic activity.
He explained that most family businesses are now in their second generation and will be subject to a large number of them to shift in the coming years.
Many companies realized the importance of the existence of governance procedures and not rely on individuals.
He stressed that a number of families in the Middle East are experiencing family differences, although respect for the older generation has to some extent to protect these families.
The percentage of family businesses is only a small proportion of the third generation, therefore, consequently, continuity is a major concern for them.
He pointed out that family businesses need to grow from 12% to 18% per year in order to maintain the dividends and the level of family wealth.
At the 6th session, which addressed the most important factors for the continuity of family businesses, McKinsey's partner, Mr. Hafez Laza, said that family businesses are a major anchor for economies worldwide.
It is an important and influential engine of economic development in the world, which requires demand to maintain performance and continuity.
He said that 70% to 90% of global GDP produced by family companies, as more than 40% of family businesses traded in Europe are controlled by families.
It controls about 40% of India's financial market, as well as family businesses with high levels of control in the economies of Korea, Brazil and Mexico.
He pointed out that the economic importance of family companies requires the need to continue, and even this must be linked to the decisions of companies with the goals declared, and the values set.
He called for the establishment of responsible ownership in family businesses, away from loyalty that may be blind at times.
Today, Asharqia Chamber launches the Forum of Governance in Family Businesses
12/04/2019
Under the patronage of the Minister of Commerce and Investment, Asharqia Chamber and in cooperation with the Institute of Directors of the GCC launch the Forum of Governance in Family Businesses.
Al-Khalidi: The Forum presents a number of working papers related to the latest trends institutionalizing family businesses.
12 governance experts review various issues related to family business.
On Wednesday, April 10, Asharqia Chamber and in cooperation with the Institute of Directors of the Gulf Cooperation Council Countries launch the Events of the Forum of Governance in Family Businesses 2019 at its headquarters, under the patronage of the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi, that entitle, " The Latest Trends and Best Practices."
The Forum is attended by a group of international and local experts in the fields of family business governance.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Khalidi, said that the Forum is attended by a group of experts in the fields of governance and institutionalization, who are scheduled to present several working papers on the latest trends and best practices related to institutionalization procedures in family businesses.
He pointed out that the Forum comes as an update to what the Chamber constantly raises about the transformation of family businesses or its governance.
He pointed out that this is a message that the Chamber is keen to guide the family business owners on the importance of applying the rules and procedures of governance.
Al-Khalidi pointed out that the program of the Forum is divided into six consecutive sessions.
In the first session, corporate governance in family businesses is addressed among the latest trends and best practices in an attempt to bring up all that is new in the areas of governance.
He explained that this session will witness the participation of Professor Bob Garrett, an international consultant on governance and board development.
The second session will be presented by Mr. Talal Al Ajlan, CEO of National Center for Family Business, that will include a detailed definition of the National Center for Family Business and the services it provides for family business and its future functions.
The third session is chaired by Dr. Ibrahim Al-Murtif, the President of Bir Al-Khair Center for Economic Consultancy, and a group of local and foreign experts are going to lecture about the legal and family aspects, the family charter and the succession plan, as processors of great importance in sustaining the continuity of family business across generations.
Al-Khalidi said that the fourth session is going to introduce the Ministry of Commerce's guide for family businesses, which is presented by Dr. Ziad Khoshaim &, a partner in Allen & Overy - Khoshaim & Associates.
The fifth is going to highlight the results of the PwC survey on family businesses in the Middle East and the world, which will be presented by Mr. Amin Nasser, Partner in PricewaterhouseCoopers.
The sixth session will discuss the most important factors for the continuity of family businesses, which will be presented by Mr. Hafez Laza, partner of McKinsey.
Al-Khalidi said that these topics and themes that will be discussed in the Forum within the framework of Asharqia Chamber's approach to support and raise the awareness of family business owners of the importance of the introduction of governance procedures.
He pointed out that the Chamber is taking the spread of the culture of governance among the business sector as a target.
He pointed to the activities, programs and events of the Chamber such as the "Family Business Consulting program," which provides free consultation sessions throughout the year for family business owners on mechanisms to overcome the challenges of secure transformation and governance in family businesses, which is in cooperation with local and international research centers.
For his part, Abdul Rahman bin Abdullah Al-Wabel, said that the positive changes in the national economy where the tendency to diversify sources of national income and partnership with the private sector is imperative for family businesses that aimed at sustaining their business in order to reassess their policies in accordance with corporate governance and transition processes.
He noted the great importance of family businesses in the national economy besides being able to absorb the bulk of national labor, they are also playing a major role in consolidating social responsibility in society, as well as in strengthening trade relations between States and each other.
Al-Wabel explained that the Forum will review through 12 experts and more in the areas of governance the various issues and topics that concern family businesses by focusing on a number of topics that are seen as new practices that support the direction of family businesses to adopt governance procedures.
He noted that the Forum comes to raise awareness of family business owners and all owners of companies of all kinds of the importance of the introduction of governance in their institutions.
Asharqia Young Businessmen Council recognizes the initiatives of the Finnish Alto University to support entrepreneurship
12/04/2019
On the second day of his visit to Finland, the delegation of Asharqia Young Businessmen Council visited Aalto University in Finland, where they met with the University administration and staff during a tour of the most prominent programs and specialized scientific field in management and entrepreneurship.
They were received by the Director of the International Relations Unit, Markus.
The delegation was introduced during the visit to the university, which was founded in 2010 on a merger between the Helsinki University of Technology and the University of Helsinki for Art and Design, on the most important sections of the university and the various achievements of its departments.
They also reviewed the most prominent initiatives, researches and studies that it presented to discuss the challenges faced by entrepreneurs.
The chairman of the council, Eng. Abdullah bin Faisal Al-Breikan, said that the delegation toured the university's start-up center, where it was acquainted with the Center's initiatives that aimed at providing an opportunity for entrepreneurs, both university and non-university students, in order to present their diverse and innovative entrepreneurial ideas and then pair them with specialists who provide them with advice and guidance in order to develop their skills and enable them to start their entrepreneurial projects.
He also explained that the delegation was introduced to the services provided by the Design Factory to entrepreneurs.
He pointed out that the center includes several specialties and the beneficiary can learn several specialties in production and manufacturing, which is a center for students and teachers to meet in order to build a new type of learning culture-based Aalto University of Finland,
The delegation also visited Startup Sauna, which is a center that allocates common areas for entrepreneurs to help them start their businesses.
Asharqia Young Businessmen Council is visiting Helsinki to see the Finnish experience in supporting entrepreneurs
12/04/2019
On Monday, 8 April 2019, a delegation of Asharqia Young Businessmen Council that are headed by Eng. Abdullah Bin Faisal Al-Breikan, the Chairman of Asharqia Young Businessmen Council, visited Finland (this visit will continue until next Friday) in order to identify the most important companies and business incubators and scientific and economic facilities.
The Ambassador of the Custodian of the Two Holy Mosques, Dr. Faisal bin Ibrahim Ghulam, received the delegation where the Council reviewed its programs and achievements.
The delegation also visited the Chamber of Commerce in Helsinki in order to identify the investment opportunities in Finland and the most important services provided to the owners of small and medium enterprises.
The meeting was attended by the President of the Chamber, Mr. Vablin Annie and a delegation of Finnish businessmen and entrepreneurs to discuss potential opportunities.
The Board delegation also visited the Han Kun Business Center, which is a center to support entrepreneurs and help them to start their business and technical, as well as the Maria Business Center, which is a business incubator with an inspiring story of transforming buildings into business incubators that is going to build the largest business incubator in Europe.
Asharqia Young Businessmen Council, which is currently visiting the city of Helsinki, aims to identify the most important incentives offered by the Government of Finland to small and medium enterprises and the mechanisms to support entrepreneurs to help them to start their business and technology.
The Board aims to identify such developments in the various countries of the world to promote the economic work of young entrepreneurs.
Real estate expert: 3 trillion Saudi Riyals is the size of the real estate market in the Kingdom that is expected to increase
12/04/2019
A local real estate expert said that the size of the real estate market in the Kingdom is to 3 trillion riyals and is likely to increase.
This was positively affected by a number of regulatory measures that have taken place in the market since 2011, most notably the launch of the Saudi Authority for Accredited Valuers.
On Monday 8, April 2019, Asharqia Chamber, represented by the Real Estate Development Committee, organized a workshop in the presence of the Chairman of the Committee Engineer Hamid Bin Hamri.
During the workshop, Mohammed Al-Barr, a member of the Saudi Authority for Accredited Valuers and the Managing Director of Khadamati Valuation Co, said that according to the general extrapolation of the volume of real estate in the Kingdom, its market value is expected to be in the range of approximately 3 trillion riyals.
the number is likely to increase over the next five years, bearing in mind that the number of real estate units by type and classification is not yet known due to the lack of real estate registration.
Some assets may be transformed from one form to another, such as turning the land into an apartment building, a commercial building or any other use, and therefore the value of the original is added to the land.
Al-Barr expected that the size of real estate finance will reach about 270 billion riyals.
There are about 7000 real estate companies in the market, including 250 real estate appraisal licenses, while the value of real estate assets worth hundreds of billions of riyals.
Al-Barr said that the Saudi real estate market was affected by several procedures and official decisions issued after 2011, including the establishment of the Ministry of Housing, the establishment of the Saudi Authority for Accredited Valuers, the Council for Economic and Development Affairs (on the implementation of the Vision of the Kingdom 2030), the launch of the Real Estate General Authority, and transferring the interest of state property to the General Authority for State Property under the umbrella of the Ministry of Finance.
He pointed out that the profession of real estate valuation has taken place in the domestic market and growing revenues of companies engaged in the evaluation activity, which has become a stand-alone activity.
The total value of the real estate valuation market over the next five years is estimated at more than SR 2.9 billion.
He pointed out that the annual market size is currently SR 495 million, of which 70% is the share of major companies.
Al-Barr said that the real estate valuation market includes several government agencies licensed to manage the assets of the state, and there are more than 4000 multi-level real estate developers in the market.
He explained that the data were taken from official sources such as the Ministry of Finance, the Real Estate Development Fund and the Saudi Authority for Accredited Valuers, the Ministry of Justice and the Ministry of Commerce and Investment.
During the workshop, Al-Barr reviewed several key points related to the real estate valuation market, which has become one of the most prominent professions in the market in the light of recent developments.
Asharqia Chamber launches Khafji Investment Forum amid a large presence of officials, business sector and investors
11/04/2019
-Under the patronage of His Highness the Prince of the Eastern Region in the Cultural Center of the Governorate, Asharqia Chamber launches Khafji Investment Forum amid a large presence of officials, business sector and investors.
-Al-Khalidi: Investment comes to our national priorities and the Kingdom has provided
Catalysts to encourage domestic and foreign capital.
On behalf of the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdul Aziz, the Chairman of the Board of Directors of Asharqia Chamber Abdulhakim bin Hamad Al-Ammar Al-Khalidi opened Khafji Investment Forum, which is organized by the Chamber in strategic partnership with Aramco Gulf Business in Khafji and the Eastern Province Secretariat, and in the presence of a number senior officials and the business sector in Khafji and specialists.
Al-Khalidi stressed, during the meeting that was attended by the governor of the province of Khafji Mohammed bin Sultan Al-Hazza, that the event is trying to uncover and show the investment identity of the province of Khafji and its capabilities and attractive elements of investment as being a distinct province in its location, resources and its people.
Al-Khalidi explained, during the Forum that was attended by the Deputy Chairman of the Chamber Hamad bin Mohammed Al – Buali and members of the Council Ibrahim bin Mohammed al-Sheikh and Saadoun bin Khalid al-Khalidi, that investment has great economic value in both by adding productive potential, productive assets, its development role, diversifying services, as well as providing opportunities for our people.
The importance of this Forum is that investment is important, which is a subject that comes to our national priorities, as the Kingdom introduced the incentives of all kinds.
Also, the laws were promulgated, and procedures facilitated and established organs, specialized management for the promotion of domestic and foreign capital to provide investment in all regions.
Al-Khalidi said that the Kingdom is taking serious steps and achieving tangible successes towards with its historical transformation in diversifying its economic base, which represents investment as a major focus.
Therefore, infrastructure has been placed at the top of its spending priorities and embarked on the implementation of economic restructuring mechanisms, as it is considered as the best methods that attract investments, strengthen regional economies and reveal their stocks investment in various sectors.
Al-Khalidi pointed out that the Eastern Region is witnessing a major economic boom and active movement at various levels and in all fields, which requires us all to work on developing tools and practices to reach our Vision's objectives for the future.
"We look forward to what Khafji has to offer as a distinctive investment. Therefore, this Forum will be favorable to reveal what is inside this province of promising investment opportunities, and that its work would benefit the region and the people from the province of Khafji," he added.
For his part, the chairam and chief executive officer of Aramco for Business Gulf of Khafji Engineer Azab bin Mohammed Al-Qahtani said that he is waiting of how Khafji is going to play a pivotal role due to its interrelationship between industrial areas in the Kingdom in the frame Vision 2030 Al Khafji, especially Jubail, Ras Al-Khair and King Salman Energy Park (Spark), and emerging markets externally.
All hopes are bound to turn Khafji to the clean power generation center to contribute to the transformation of the Kingdom from a provider for the year of conventional energy, such as raw hydrocarbons, to the supply center for powered directly and maximize the value added of our oil resources by expanding it locally to specialized chemicals and consumer products with the aim of external export and increased raw material outlets.
Al-Qahtani explained that the province of Khafji can add to the privacy of its site a direct point of conversion of food from its plant and animal sources and manufacturing center for food and agricultural clubs on its western border that lies the best grazing places and centers of livestock market, and south to spread agricultural areas and east we concentrate the most famous areas
For Fishing.
In addition, the province of Khafji is one of the tourists a ttractive destinations due to the beauty of its coast and the nature of its land.
The number one element in the distinction Khafji and activate its role is its people that are diverse in their ability to understand and multiply their talents and the strength of their will and more importantly their loyalty for their country and their absolute loyalty to their leadership.
"We in the company are aware of our pivotal role that we look forward to maintaining our leadership position in driving development in Khafji. We have begun and even strengthened it to keep up with the accelerating pace of progress in our precious country," he added.
For his part, the Chairman of the Chamber of Business Branch Khafji Hussein bin Ali
Al-Anzi said that Khafji was not far from the consequences of the spending policies of our good government, but it is in the top priorities of the government, as being next to its environment motivating projects.
It has a distinct geographical location and urban and residential steady growth.
Khafji also enjoys a variety of governorates in the Eastern Province with the readiness of its economic sectors, where tourism and commercial projects, real estate, manufacturing and many others including those projects of promising opportunities that characterized by high profitability and job opportunities for Saudi youth, which is making it a province with special investment characteristics.
Al-Anzi pointed to the volume of current and expected investments that Khafji enjoys, which is a real opportunity for domestic and foreign investors.
For example, Khafji owns a number of investment components that includes several factories and has one of the most important outlets of the Kingdom of the wild for the international road linking the countries through the Arabian Gulf, as some of them from Kuwait north to Amman to the south, in addition to its mining activities and the presence of oil extraction and refining plants on land and on the sea.
Assistant Undersecretary of the Municipalities for Technical Affairs of the Municipality Ziad Abdulkarim Al-Suwaidan said that Khafji enjoys a privileged position as a gateway in the segment at north-east of the Kingdom and its proximity to the borders of Kuwait, and it has one of the projects of the Saudi economy giant Aramco.
It also leaps on everyone that it has the beauty of its beaches and its maritime façade, which is one of the tallest facades maritime in the Eastern Province.
The Municipality of the Eastern Province has therefore been given a municipality
Khafji and its affiliated villages have the attention they deserve, where Khafji Municipality oversees currently 15 development projects for the development of waterfront and infrastructure projects with a total value of over seventy-eight million SR.
The Secretariat has determined that Khafji will be one of the most beautiful cities on the coast of the Arabian Gulf and to be as a lighthouse of development and urbanization in the Eastern Region.
He explained that the development and improvement of infrastructure and beautification of cities is the most important requirements for creating attractive and sustainable investment opportunities in order to exploit Khafji Governorate's characteristics as it is unique in its composition between the coast and the desert that is making it on a highly important and promising area for successful and promising investments.
This increased revenues from investment revenues and services Khafji Municipality by more than 30% in the last two years only one aspect of investment attraction and tangible progress in economic activities.
"We expect more as construction projects are completed. These funds will be allocated to support the operation and maintenance programs," he said.
This is an additional incentive for the Municipality to offer more investment opportunities for investors.
After the end of the opening ceremony, Al-Khalidi presented memorial plaques for the governor of Khafji province as well as for partners, sponsors, chairpersons and speakers.
-Al-Suwaidan during the dialogue session conducted by the Board Member Al-Khalidi
A prospective investment plan embraces light industries in Khafji that aims to promote a business entrepreneurship initiative
During the dialogue session chaired by Board Member Saadoun bin Khalid Al Khalidi, the Assistant Undersecretary of the Municipalities for Technical Affairs of the Eastern Province Secretariat, Eng. Ziad bin Abdulkarim Al–Suwaidan talked about the investment scheme embraces light industries in the province of Khafji in support of investment in the province.
He stressed the incentive plan to support young entrepreneurs through the dissemination of the "Sanaah" Initiative, which comes in partnership between the Secretariat of the region and Asharqia Chamber to provide industrial land at nominal prices similar to what was put in the city of Dammam.
Al-Suwaidan said the regional secretariat had received many innovative ideas from the country's young entrepreneurs.
He pointed out that the investment agency in the Secretariat rephrases those ideas to be presented as opportunities in the future.
Al-Suwaidan explained that the Secretariat welcomes any effort to coordinate between the relevant bodies, most notably the Municipal and the Municipal Council, in addition to the Business Council of Ashariqa Chamber's Branch in Khafji to stimulate the business sector and come up with initiatives and ideas, "we make investment opportunities to support the province of Khafji."
Al-Suwaidan pointed out that the Gulf citizen is treated like Saudi in the security and municipal services.
He stressed that the Gulf citizen has full rights to invest and start business within the framework of the Gulf Cooperation Council.
On the list of investments in the Ministry of Rural and Municipal Affairs, Al-Suwaidan explained that the list was amended through the views received by the Secretariat, in addition to the various meetings held by the Secretariat to know the views and proposals of the business sector in order to develop the regulation commensurate with the current circumstances.
He pointed out that the government apparatus is always benefiting from the new ideas that it attracts from the business sector, which is always keen on cooperation and coordination from the secretariat for making changes in projects and procedures commensurate with the new phases of the region.
-During the first session:
37 opportunities in the tourism sector, nutrition and entertainment and 18 investment projects
In the 1st session, which was chaired by Khafji Business Council member Dr. Rashid Tahoos AlJa'iri, the speakers highlighted the investment opportunities and the role of the parties in supporting the business sector.
The Director General of the Saudi Commission for Tourism and National Heritage in the Eastern Province Eng. Abdul Latif Al-Bunyan said that Khafji Governorate has a variety of tourist elements in terms of beaches and its extensive range of other beaches, and Khafji Creek is the second largest creek in the Arabian Gulf.
Al-Bunyan pointed to the presence of the sulfur eye, the island of Amouda and the park, which is considered one of the most magnificent and famous elements for a long time.
He pointed out that these elements supported by the trade and tourism exchange with the State of Kuwait.
On the most promising projects for the province of Khafji, Al-Bunyan explained that there are various projects within the Commission's plan such as the Heritage Market Project, equestrian schools, Ice and water amusement parks, tourist accommodation sector services companies, diving training centers, heritage works, shooting Club, floating hotels, beach playgrounds and an underwater glass museum.
Al-Bonyan added that the Comission has an electronic transformation to benefit from its services, where beneficiaries can benefit from the electronic procedures in terms of residential accommodation licenses and miscellaneous services.
The Director of Alternative Financing Solutions in the Small and Medium Enterprises Authority Abdulmohsen Bin Jafal talked about financing the SME sector as a priority for the Vision of Saudi Arabia 2030 by providing innovative financing solutions that help entrepreneurs get financing.
He pointed out that the Authority continues to support entrepreneurs through programs that meet their needs in coordination with SAMA and benefit from the guarantee program to ensure working capital as well as financing solutions with banks.
Ben Jaffal said, "We are working to raise the awareness and financial culture of entrepreneurs by finding solutions and tools to help them obtain funding and benefit from the feasibility studies and services provided by the Authority and to find new opportunities through an ambitious program."
He pointed out that it is possible to benefit from the full technical services provided by the Authority without the need to review them.
The mayor of Khafji, Engineer Mohammed Al-Humaidani, announced 37 investment opportunities in the tourism sector packed by hotels and commercial malls and also in the food and entertainment sector, in addition to 18 investment projects that include the construction of a marina area of 85 thousand square meters, a water city, a recreational city and 7 new gas stations that will be built on Dammam Road.
Al-Humaidani also reviewed the ready-made plans for investment opportunities, which will be launched soon in Khafji province in different places.
-Second Session:
An industrial city in Khafji with an area of 67 million square meters
The second session was etitled, "the role of industry and logistics in supporting investment in the province of Khafji" and was directed by a member of the Board of Directors of the Chamber and Chairman of the Industry and Energy Ibrahim Mohamed Al-Sheikh.
The Assistant Chairman and Chief Operating Officer at Aramco Gulf Business Ibrahim Abdulrahman Al Dosari said that the company, in addition to its role in oil production in Khafji, plays its role in social responsibility for the development of the region, which is unsustainable and limited at the moment that we seek to be.
The company has established a number of schools in addition to a typical neighborhood integrated services and equestrian club.
It is currently contracting with the Office of Engineering Consulting to study the appropriate location for the establishment of marina Yacht "Marina" on the Corniche of khafji in coordination with the Municipality of the province, as well as a special area for some suitable activities at the waterfront.
The deputy head of the Public Transport Authority of the rail transport sector, Engineer Mohammed Al-Shabrumi said that Khafji comes within the railway project of the six countries of the Gulf Cooperation Council, which will be established along the length of 2117 km, including 660 km inside the Kingdom.
The construction of 187 km within the national railway network between Ras Al-Khair, Jubail and Dammam has been completed.
The second phase of Ras Al-Khair to Al Khafji will end with the border with the State of Kuwait with a length of 150 km.
According to planning, Khafji will be an integrated logistics area in the future.
Director of Product Development, Studies and Logistics at the Industrial Cities Authority, Abdul Mohsen Al Salem, said the Authority is the development arm of industrial and logistic areas in the Kingdom, where it has developed 35 industrial cities so far.
He pointed out that Khafji will have an industrial city and the project in its final stages in coordination with the Eastern Region Secretariat with an area of 67 million square meters.
The head of the credit team at the Saudi Industrial Development Fund, Alwaleed Al-Awaji, said that Khafji governorate is one of the promising governorates.
The Fund has allocated advantages for the other governorates and major cities, where the proportion of financing for industrial projects to 75% of the cost of the project with a longer repayment period and less requirements.
German solar technologies in a workshop in Asharqia Chamber
11/04/2019
On Sunday, April 7, 2019, Asharqia Chamber and in cooperation with the German-Saudi Economic Affairs Office (AHK) organized a workshop on "Future Investment in Renewable Energy in the Kingdom" in addition to the latest German technologies used in solar energy, which will be presented by Quentin Blumert, a Consultant at the German-Saudi Liaison Office, and Mr. Rabee Abi Saab, General Manager of Saudi Fichtner Company, at the headquarter of the Chamber at 10 am.
The workshop will shed light on a number of topics related to the German technologies used in solar energy and the investment opportunities available in it and the successful experiences of their uses within the Kingdom, as well as opportunities to export solar energy products outside the Kingdom's borders and the strategy that used to increase reliance on alternative energy and the experience of Fichtner in the alternative energy industry in the Kingdom and presented a variety of experiments on the uses of solar energy.
The Kingdom has made significant progress in the global solar index and has been ranked among the most attractive countries in the renewable energy sector.
In fact, the country in accordance with the Vision of 2030 is planning to export solar energy during the next ten years.
In March 2018, the largest solar project was announced in cooperation with Softbank.
Governance Forum discusses corporate governance developments internally and externally
11/04/2019
Asharqia Chamber will host more than 12 experts on corporate governance and institutionalization on April 10, as a part of the Forum of Corporate Family Governance, which is organized by Asharqia Chamber in cooperation with the Institute of Directors in the GCC countries, under the patronage of the Minister of Commerce and Investment, Dr. Majid Al-Qasabi.
The Fourm is under the title, (Latest Trends and Best Practices), and it will be hold at the headquarter of the Chamber from 9 am to 3 pm.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Khalidi, said that the Forum highlights through six consecutive sessions on the latest developments in the institutionalization of high companies at home and abroad through its review of the services of the National Center for Family Establishments and what it will provide for family business in the Kingdom, as well as the Ministry of Commerce's guide to family businesses.
In addition, it will highlight the most important factors for the continuity of family businesses and other topics related to the sustainability of family business across generations.
Al-Khalidi explained that the Forum comes in light of the state of active economic movement that is witnessed by the Kingdom since the beginning of the Vision of 2030 that to diversify the economic base through increasing the non-oil sector's contribution to GDP.
He pointed out that despite the fact that family businesses occupy a large area in the national economy, they are most vulnerable to disruptions, especially with the passing of the first generation, which requires further orientation in the application of institutionalization and governance.
He pointed out that the Forum also tries to shed light on the legal and family aspects and the family charter and plan succession generations as necessary treatments for the sustainability of business across generations.
Al-Khalidi stressed that the Forum, through hosting more than 12 local and foreign experts in the fields of corporate governance and family businesses, is trying to provide a comprehensive discussion and open a dialogue on everything related to family business and encourage its owners to follow the procedures of governance.
He called on the different business owners to attend and benefit from existing experiences.
Cooperation agreement to spread the culture of self-employment between Asharqia Chamber and Monshaat
10/04/2019
In the presence of the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Deputy Emir of the Eastern Region, His Royal Highness Ahmed bin Fahad bin Salman, HE Minister of Commerce and Investment Dr. Majid Al-Qasabi, the President of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi and the Governor of the General Authority for Small and Medium Enterprises Engineer Saleh bin Ibrahim Al Rasheed, Asharqia Chamber and the General Authority for Small and Medium Enterprises (Monshaat) signed yesterday (3/4/2019) a cooperation agreement to spread the culture of entrepreneurship and the support and development of small and medium enterprises through raising its contribution to economic development and its participation in achieving the objectives of the Kingdom's Vision 2030.
Under the agreement signed by the Secretary General of Asharqia Chamber Abdulrahman bin Abdullah Al Wabel and the Deputy Governor of the General Authority for Small and Medium Enterprises "Monshaat" for Planning and Development Sami Al Husseini, the two sides agreed to cooperate and coordinate efforts with the different and effective committees within Asharqia Chamber in the field of entrepreneurship and small and medium enterprises in all sectors, events, exhibitions, conferences, symposia, etc.
This agreement comes within the framework of the efforts exerted by Asharqia Chamber for the care, support and development of small and medium enterprises, which is including training programs, consultations and specialized seminars, as well as the activities carried out by the Councils of Young businessmen and businesswomen.
The conclusion of a cooperation agreement between Asharqia Chamber and (Modon) to support the industrial investment of women
10/04/2019
On Wednesday April 3, 2019, Asharqia Chamber, represented by the Executive Council of Women Entrepreneurs concluded a Cooperation Agreement with the Saudi Authority for Industrial Cities and Technology Zones (Modon) in order to enable women to invest in the industrial sector and the establishment of industrial clusters of women in industrial cities auch as beauty industry, fashion and so on.
The agreement was signed by the Secretary of Asharqia Chamber Abdulrahman bin Abdullah Al Wabel and Director of the Department of Business Recycling in "Modon" Ali Al-Amir on behalf of the Director General of the Saudi Authority for Industrial Cities and Technology Zones (Modon) Engineer Khalid bin Mohammed Al Salem.
The agreement stated that the Chamber shall provide "Modon" with documents and information pertaining to any industrial group such as "beauty group" in order to actually study and activate the project, which is including the transfer of global knowledge in this regard.
The Director General of the Saudi Authority for Industrial Cities and Technology Zones "Modon" Engineer Khalid bin Mohammed Al Salem said that the agreement with Asharqia Chamber comes within the framework of Modon's strategy to strengthen its relations with its partners and meet their requirements in creating an investment environment conducive to women's industrial investments in the Kingdom, where the agreement aims to cooperate in supporting business leaders to invest in the industrial sector and encourage investors to exploit their capital in industrial projects that achieve economic diversification according to the Vision of the Kingdom 2030.
Al-Salem said Modon would be involved in providing the necessary infrastructure and sites for the establishment of specialized industrial clusters as a collection of cosmetics and fashion.
He added, "We will also explore the possibility of creating new products that will be adapted to what Asharqia Chamber will do with the technical and logistic feasibility studies that support the establishment of these specialized industrial clusters and benefiting from the best international experiences."
For his part, Al-Wabel welcomed this cooperation with Modon, so he pointed out that the agreement aims to support the "Beauty Gathering" initiative, which aims to "enhance the value chain in the beauty products industry by identifying gaps and growth opportunities in the chain with investment opportunities in this regard in addition to enhancing the competitiveness of workers in this sector."
Under the agreement that signed on the sidelines of Biban Forum of the Saudi Small and Medium Enterprises Organization, the Authority shall grant the projects emanating from the Memorandum various appropriate incentives by giving priority to any incentives subsequently approved and also providing sites in their respective industrial cities after the Parties deem it appropriate.
For her part, the President of the Executive Council of Businesswomen in Asharqia Chamber, Maram Al-Jishi, said that this agreement comes as part of the Council's initiatives to empower women to invest in the industrial sector by seeking to stimulate the women's investment movement through encouraging businesswomen to invest their capital in projects that achieve the desired economic diversification and opening new horizons for the investment of national women's energies in the service of the Saudi economy in order to facilitate and raise women's investments in the industrial sector.
This agreement comes within the framework of supporting Asharqia Chamber of Women's Investment Trends, as well as in the framework of joint cooperation with the Saudi Authority for Industrial Cities and Technology Zones to support and develop the industrial sector for its added value.
German solar technologies in a workshop in Asharqia Chamber
10/04/2019
On Sunday, April 7, 2019, Asharqia Chamber and in cooperation with the German-Saudi Economic Affairs Office (AHK) will organized a workshop on "Future Investment in Renewable Energy in the Kingdom" in addition to the latest German technologies used in solar energy, which will be presented by Quentin Blumert, a Consultant at the German-Saudi Liaison Office, and Mr. Rabee Abi Saab, General Manager of Saudi Fichtner Company, at the headquarter of the Chamber at 10 am.
The workshop will shed light on a number of topics related to the German technologies used in solar energy and the investment opportunities available in it and the successful experiences of their uses within the Kingdom, as well as opportunities to export solar energy products outside the Kingdom's borders and the strategy that used to increase reliance on alternative energy and the experience of Fichtner in the alternative energy industry in the Kingdom and presented a variety of experiments on the uses of solar energy.
The Kingdom has made significant progress in the global solar index and has been ranked among the most attractive countries in the renewable energy sector.
In fact, the country in accordance with the Vision of 2030 is planning to export solar energy during the next ten years.
In March 2018, the largest solar project was announced in cooperation with Softbank.
Tuesday's meeting at Asharqia Chamber emphasizes the role of the business sector in supporting associations and the importance of developing their financial resources
10/04/2019
Tuesday's monthly meeting at Asharqia Chamber emphasized the great role played by the business sector in the region towards the society in order to improve its services and its effective contribution to meet its needs.
The meeting was held in the presence of the Chairman of the Board of Directors Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, Chairman of Tarmeem Charity Hamad Al Khalidi, and the Executive Director of Mawa Charity Mohammed Al-Samman.
The meeting was hosted by the Chamber on Tuesday, April 2, 2019.
The meeting reviewed the achievements of the business sector in supporting charities in the region, where it was able to implement its lofty goals, which benefit the society and its members.
The participants of the meeting pointed out that many of the services of the associations have developed through the initiatives and ideas presented by entrepreneurs in order to sustain the financial resources of the associations, so that they can cope with the demand for their services and also to carry out their various roles without stopping or faltering.
The meeting, which was attended by board member Najib bin Abdullah Al-Sihati and the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel, discussed the importance of continuing to support the charities in various aspects to continue to give to the segments of the beneficiary.
It pointed out the importance of developing financial aspects and ideas and looking at an economic outlook to develop the services of these charities.
For his part, the Chairman of the Chamber Al-Khalidi said that the business sector is not late in registering positive attendance to continue its message to the community either through support or advice and to participate in supporting the needs of charities in the region.
Al-Ammar pointed out that the charities have a high-level message that interact with the business sector on an ongoing basis.
He stressed their support for the rise of this important voluntary sector, which is a reason for the sustainability of business.
He pointed to the need to develop financial resources for them to move to sustainable business.
In conclusion, the Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi honored the guest speakers the Chairman of Tarmeem Charity, Hamad Al Khalidi, and the Executive Director of Mawa Charity, Mohammed Al-Samman, with wo memorial plaques.
Minister of Commerce and Investment reviews the commercial and investment incentives for the business sector in the Eastern Region
10/04/2019
During the Ninth Ministerial Conference organized yesterday by Asharqia Chamber in partnership with the Council of Saudi Chambers:
The Minister of Commerce and Investment reviews the commercial and investment incentives for the business sector in the Eastern Region.
Al-Khalidi: The Kingdom has strengthened the role of the private sector in various activities and fields
On Wednesday, April 3, 2019, Asharqia Chamber in partnership with the Council of Saudi Chambers organized the Ninth Open Ministerial Conference that entitled, "Commercial and Investment Catalysts in the Eastern Region" at Dhahran International Exhibition Center (Expo Dhahran), under the patronage and participation of the Minister of Commerce and Investment HE Dr. Majed Majid Bin Abdullah Al-Qasabi with the presence of the Governor of the General Authority for Small and Medium Enterprises Engineer Saleh bin Ibrahim Rashid, the chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi and a number of members of the Board of Directors and officials and business sector in the region.
The conference is one of the initiatives of the private sector stimulus plan.
His Excellency the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi during the conference highlighted the approval of the Council of Ministers on the structure and the new organizational guide of the Ministry of Commerce and Investment through accessing to service centers in the ministry to the first place among government agencies as the best performance according to the indicators of the National Center to measure the performance of public agencies.
He also explained that the system of the Ministry of Commerce and Investment is working to support the investment environment in the Kingdom, where the Ministry has launched several initiatives and programs supporting emerging companies in partnership with the Council of Saudi Chambers and Chambers of Commerce and Industry.
HE Al-Qasabi affirmed the partnership between the Ministry and the Chambers of Commerce and Industry in developing the business environment by contributing to overcoming obstacles and challenges facing the private sector and working to develop mechanisms that contribute to facilitate its work and support its growth to be a strategic partner in the Vision of the Kingdom 2030.
He said that the private sector stimulus plan came to support the growth of the private sector and included four initiatives related to small and medium enterprises.
He stressed that the Ministry is working with government agencies currently to combat commercial fraud because of its negative impact on the growth and sustainability of small and medium enterprises over the past period of more than 500,000 products that have been seized in the local market.
He added that the Kingdom has many economic assets that have no parallel in the countries of the world, and here comes the role of the private sector in taking advantage of these elements and creating value added to them, and taking advantage of the opportunities available to develop the industry of conferences and forums.
He also pointed out that the Ministry is working to establish an electronic trading center to keep pace with changes in world trade and opening new markets for national companies.
The work is based on the establishment of a bank lending to small and medium enterprises to contribute to the support and growth of these enterprises and meet the aspirations of our good government.
The Ministry seeks to activate the electronic system in the voting of the Chambers of Commerce and Industry, as the first experiment will be for the Chamber of Commerce and Industry in Unaizah.
In turn, the Governor of the General Authority for Small and Medium Enterprises Engineer Saleh bin Ibrahim Rashid said that the Authority is working on launching a financing platform that will make it easier for small and medium-sized enterprises to know the financing institutions and the mechanism of submission and knowledge of the conditions and obtain approval in principle.
He added, "We have also developed the infrastructure of the SME lending bank to reach the desired goal, facilitate financing for the private sector, and strengthen the role of enterprises."
He pointed out that the Authority launched the Saudi Investment Company for Corporate Venture Capital, which will be operating according to three major programs, and that the company started to invest in the number of projects.
The first is to invest in projects concluded by SABIC with small and medium enterprises through the Nosaned program.
He pointed out that the Kingdom, through its Vision 2030, aims to raise the volume of lending to small and medium enterprises to about 20% of the volume of lending in the Kingdom.
For his part, the Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi stressed that the conference is of great importance in supporting the private sector in all its fields that represents an opportunity to strengthen public-private partnerships, as one of the main components of the National Transition Program 2020 and the Vision of the Kingdom of 2030.
Al-Khalidi said, "Under the guidance of its wise leadership, the Kingdom has charted a well-defined road map towards national and sustainable economic growth and has strengthened the role of the private sector in various activities and areas as being able to activate the cycle of economic growth in the country, which is achieved mainly through the arms and minds and funds of the sons of this giving country."
He also pointed out that the Vision of the Kingdom of 2030 and the new trends in the structure of the national economy by diversifying the economic base and opening the way for the private sector to participate in drawing the course of the economy of the Kingdom and maximize the local content in the national industry are the beginning of the new phase of the sector towards strengthening its ability to implement the objectives and aspirations of the Vision.
Al-Khalidi pointed out that in light of the new economic trends, the participatory growth between the public and private sectors and the movement in different sectors of all types, this conference comes in cooperation with the Council of Saudi Chambers with the aim of enhancing opportunities for public-private partnerships.
It is considered as a means to attract more private investments to the various economic sectors in the Kingdom, led by the commercial and industrial sector, as they constitute an added value to the national economy, which is currently witnessing a number of catalysts and a state of mobility in the face of its challenges and ways of treating them, which deserves all praise and appreciation from us.
He added, "We hope that these meetings will further support our national choices and create a greater role for local investments in the national economy."
At the end of the conference, His Excellency the Minister of Commerce and Investment, Dr. Al-Qasabi, was honored by the Chamber's Chairman, Abdul Hakim Al-Ammar Al-Khalidi, and all participants with memorial shields.
The conference also witnessed an open dialogue on all issues and topics related to investment incentives in the region.
The conference is one of the initiatives of the private sector stimulus plan, which is supervised by the Ministry of Commerce and Investment and following up directly by His Excellency Dr. Majid bin Abdullah Al Qasabi, who mandated the Council of Saudi Chambers to oversee the implementation in order to enhance communication and integration between the public and private sectors.
Prince of the Eastern Region delivers the first group of investors from the entrepreneurs of industrial land within the initiative of "Sanaa"
10/04/2019
The Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz delivered the first group of investors from the entrepreneurs in the region industrial lands within the initiative of "Sanaa" for light industries during its inauguration on Wednesday, April 3, 2019 among Biban Forum, which is held at the Dhahran Expo Center, where the Chamber participates in the exhibition accompanied by a representative of Young Businessmen and Businesswomen Councils, which will continue until Saturday, 6 April 2019.
The land handover ceremony were attended by His Highness the Deputy Emir of the Region His Royal Highness Prince Ahmed Bin Fahad Bin Salman, the Secretary of the region Engineer Fahd bin Mohammed al-Jubair, the Chairman of the Board of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, a number of members of the Board of Directors and Young Businessmen and Businesswomen Councils of young men and officials in the region.
The initiative of work comes in partnership between the Secretariat of the region and Asharqia Chamber, which aims to provide a range of industrial land at a nominal price to create an investment environment incubator for national light industries.
It also diversifies investments and local industries for young businessmen and businesswomen in the region through an electronic mechanism based on criteria and criteria for selecting the best beneficiary and high governance.
The initiative aims to reach the contribution of the small and medium enterprises sector in the GDP from 20 percent to 35 percent as a translation to see the initiative to be an attractive environment in the incubator industry for entrepreneurs in the Kingdom and contribute to growth and prosperity that is based on its mission to provide facilities on the industrial lands of entrepreneurs in order to support the industrial sector and strengthen the national economy and aims to provide 211 of the entrepreneurs of industrial land.
Any young Saudi man or woman can apply for the initiative in accordance with the general conditions to have a high school certificate and has experience in the field of investment, not to be less than 21 years or more than 45 years.
The applicant can also register through the website and activate the account and fill the feasibility study, then he submits the request, and then will be assessed by the Committee, and then the interview and finally the final evaluation and the result.
At the end, His Highness received a gift from Asharqia Chamber that is presented by the Chairman of the Chamber Abdul Hakim Al-Khalidi.
Asharqia Chamber launches Forum on Corporate Governance in Family Businesses next Wednesday
10/04/2019
Under the title, "Latest trends and best practices," Asharqia Chamber and in collaboration with the Institute of Directors in the GCC will launch (Forum on Corporate Governance in Family Businesses ) on Wednesday, April 10, under the patronage of HE Dr. Majid Al Qasabi, Minister of Commerce and Investment, with the presence of a number of local and international specialized experts in corporate governance.
The Forum will discuss a number of important topics of governance in family businesses, such as the legal and family aspects, the family charter and the succession plan, as well the content of the Ministry of Commerce's guide for family businesses, the results of the PwC survey on family businesses in the Middle East and the world, in addition to opening the discussion on the main factors of continuity of family businesses and the definition of services that can be provided by the National Center for Family Establishments, which was inaugurated by the Minister of Commerce and Investment at the headquarter of the Chamber of Commerce and Industry in Jeddah in November 2018, which aims to highlight and develop the role of family enterprises in economic and social development and enhance their competitiveness and increase their contribution to GDP to achieve the Vision of the Kingdom 2030.
For his part, the Chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Forum comes as an update to what was put forward in the past, whether the transformation of family businesses or the governance.
He noted that it is a message confirmed by the Chamber of the importance of the application of rules and procedures of governance.
He pointed out that governance is the cornerstone in achieving sustainability and continuity of family businesses by moving between generations smoothly.
Al-Khalidi pointed out that Asharqia Chamber is taking the culture of governance among family businesses as a target and that this Forum ( and other programs offered by the Chamber such as initiatives and awareness leaflets) comes to achieve its goal that the family business owners to adopt the procedures of governance due to its great benefits of the family company as well as the national economy as the family companies represent a great place in the national economy both in terms of its contribution to non-oil GDP and in terms of absorption of thousands of national labor forces.
Al-Khalidi explained that the Forum seeks to present a comprehensive vision on corporate governance in family businesses by focusing on a number of topics that are seen as important topics that family businesses need to know.
A specialized workshop on real estate appraisal on next Monday
10/04/2019
On Monday 8/4/2019, Asharqia Chamber (within the activities and programs of the Real Estate and Development Committee) organized a workshop on the importance of real estate assessment, reading in marketing changes, and legislation and application.
The accredited resident and member of the Saudi Authority for Accredited Valuers, Mohammed bin Ali Albar, will be speaking at the workshop.
The workshop will address a number of topics related directly to real estate valuation, especially in the light of recent developments in this regard, such as the launch of the Saudi Authority for Accredited Valuers and the consequent formal legal procedures that came in line with the increased demand for this service, which the beneficiaries look forward to as it preserves rights and achieves justice among all parties.
The workshop, which will be held at the headquarter of the Chamber in Dammam, in the framework of cooperation between Asharqia Chamber and the Saudi Authority for Accredited Valuers.
Asharqia Chamber is hosting today the 9th edition of the Open Ministerial Conference
10/04/2019
With the participation of His Excellency the Minister of Commerce and Investment, the Governor of Monshaat and the Chairman of the Chamber, Asharqia Chamber is hosting today the ninth edition of the Open Ministerial Conference in order to discuss trade and investment incentives in the Eastern Region.
On Wednesday, 3 April 2019, Asharqia Chamber in partnership with the Council of Saudi Chambers is organizing the Ninth Open Ministerial Conference at Dhahran International Exhibition Center (Dhahran Expo), as it is going to discuss, "Commercial and Investment Catalysts in the Eastern Region."
The conference has an open dialogue with His Excellency Minister of Commerce and Investment Dr. Majid bin Abdullah Al Qasabi, the Governor of the General Authority for Small and Medium Enterprises Engineer Saleh bin Ibrahim Al Rasheed, the Chairman of the Board of Asharqia Chamber of Abdul Hakim bin Hamad Al-Ammar Khalidi, in addition to a wide selection of businessmen and businesswomen in the Eastern Province.
The conference is part of the Private Sector Stimulus Initiative, which aims to enhance communication between the public and private sectors, which is held to highlight the investment opportunities in the regions and finds ways to strengthen them and support them to serve the process of economic development in the Kingdom.
The conference is expected to present the competitive advantages and investment incentives in the Eastern Region and the challenges that lie ahead.
As in the past eight editions, the conference seeks to launch catalytic initiatives for private sector development and to address the obstacles and challenges facing the economic sectors in all their specialties and locations.
The Chairman of the Board of Directors of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that Asharqia Chamber, through hosting this conference, seeks to be an active presence in the scene supports the national trends, most notably the support of the movement of attracting domestic and foreign investment in various projects and multiple value added to the national economy.
Al-Khalidi called on businessmen and businesswomen in the Eastern Province to participate in this conference due to its positive elements that contribute to the economic activity in the Eastern region that will give further impetus to the future.
Al-Khalidi pointed out that the initiative of ministerial conferences has contributed to enhancing communication between the private sector and government agencies through engaging the business sector in government directions, discussing ways to stimulate the private sector, overcoming the challenges facing the various economic sectors, and achieving sustainable development in the regions of the Kingdom.
The Chairman and members of the Board of Directors of Asharqia Chamber welcome the King and the Crown Prince and affirm that their visit pays tribute and strengthens the determination to provide more in the process of construction and renaissance
10/04/2019
The Chairman and members of the Board of Directors and General Secretariat of the Chamber expressed their gratitude for the blessed visit of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz and His Royal Highness Prince Mohammed Bin Salman to the Eastern Province.
They stressed their pride and optimism of the visit, which drives the motivation and strong determination to provide more in the process of construction and inspire optimism to come good to our land.
They pointed out that this visit reflects the interest of the wise leadership in the region and its people to identify their needs and requirements and lose their affairs and urge to achieve their interests.
Cohesion of leadership with citizens
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman to the eastern region is of great importance to the region and its people.
They reflect on the one hand the extent of proximity and cohesion of the leadership of the citizens, and on the other hand, it is an embodiment of the great importance that this precious part of the homeland enjoys in our wise leadership.
Al-Khalidi stressed that their honorable visit to the eastern region is a source of pride for all of us and a motivation for more work and diligence for the sake of our dear homeland.
It pays the attention and strength to provide more in the process of construction at all levels, which are witnessed in the Kingdom in general and the eastern region in particular.
The projects start everywhere, and the economic movement is active with positive indicators that rise in the sky of the Kingdom and in the heart of the eastern region to emphasize the safety of Vision.
He expressed the entire private sector's welcome in honoring the leadership, as it is good news and development that push the region to further progress and success.
Address for renaissance
For his part, the deputy chairman of the Chamber, Badr bin Sulaiman Al-Rizea, said that the visit of the Custodian of the Two Holy Mosques and his faithful heir to the eastern region expresses the interest of the wise leadership in the region and its people and to identify their needs and requirements and look after their affairs and urge to achieve their interests.
It is a dignified visit that emphasizes the cohesion of the leadership and the people and strengthens the position of the eastern region as the title of the industrial and commercial renaissance between different regions of the Kingdom.
He pointed out that all the regions of the Kingdom and the eastern region in particular witnessed in their auspicious reign a major economic renaissance in all fields.
Their insightful Vision enabled the emergence of the national economy on new bases that based on sustainable rules.
He said, "Today, we see an active movement in all economic sectors. This visit is in addition to the Eastern Region and a new impetus to exert more effort in the service of our dear homeland."
The coming of good
Hamad Bin Mohammed Al-Bouali, Second Deputy Chairman of the Chamber, expressed his great joy at the auspicious visit of the Custodian of the Two Holy Mosques and his faithful heir to the Eastern Province.
He stressed the pride of all the business sector and residents of the region because of their blessed visit.
"This is a visit that embodies the meaning of the cohesion between the leadership and the citizens that inspires optimism in the coming of good to the land of good," he said.
He pointed out that they put the Kingdom on the right track, as the Vision has borne fruit as we have seen a significant improvement in the national economy and increased employment opportunities for national labor forces that made opportunities for the private sector to benefit from the projects that have been put forward and put forward.
He added, "Welcome and welcome to our King and Crown Prince Secretary in the land of good and tender."
Achieving growth and prosperity
The Board member, Ibrahim bin Mohammed Al-Sheikh, considered the visit of the Custodian of the Two Holy Mosques and his faithful Crown Prince to the Eastern Province as a great concern for the proximity of all the sons of this giving country giving, which was a political rooted in our leadership, where diligence on the cohesion with the people and open doors to him - there are no walls between the leadership and the people.
He stressed that it is a visit that has significance and implications on the Eastern Region and its sons, as it is a catalyst for the private sector to complete the process of development, construction and hard work with a measure of responsibility.
He pointed to what the Kingdom has witnessed since the beginning of the Vision of 2030 from a great renaissance at all levels and in various fields.
Al-Sheikh pointed to the quality and size of the projects launched during their auspicious reign at the level of the Kingdom as a whole or at the level of the Eastern region of several residential and industrial investment projects.
This is indicating how these projects contributed to the different types and objectives in pushing forward development.
For his part, the Board Member, Ahmed bin Sulaiman Al Muhaideb, welcomed the visit of King Salman and Crown Prince to the region by saying, "It is a visit to honor the region and its people."
He stressed that it is a clear example of the extent of the leadership's keenness to achieve the development and prosperity of the citizen, and it is a message of interest from the wise leadership to the interests and needs of citizens.
Al-Muhaidib affirmed, " during the period of our wise leadership and since the inception of Vision 2030, we see a hard work and effort to rewrite the various economic sectors to reach an ambitious homeland, a prosperous economy and a vibrant society."
He added, "Welcome to our King and His faithful Crown Prince. May Allah has paved their ways in all good."
An exceptional event
The member of the Board of Directors, Bader bin Mohammed Al-Abdul Karim, said that the presence of the Custodian of the Two Holy Mosques and His Crown Prince today among us confirms that the rational leadership is close to its people and keen to communicate with him and deal with his needs.
He pointed out that this visit supports the process of growth and development, which is keen to progress in the region day after day.
He stressed that the region today rejoice in their auspicious existence, which represents an exceptional event for the region and its people.
Al-Abdul Karim considered the tender presented by the Custodian of the Two Holy Mosques and his Crown Prince since they took power of the citizens and this country as a record achievement, which is an evidence that indicates a clear vision, insight and great ambition in the service of this benevolent country.
For his part, the Board member, Bandar bin Rafi al-Jabri, expressed his happiness with the auspicious visit, which he saw as a sign of the keenness of our governors to inspect the conditions, self-confidence on the matters and needs of citizens and the attention and care of every small and large belonging to the homeland and the citizen.
Al-Jabri said that our faithful King and Crown Prince were able to reconcile and honor Allah to lay the foundation for sustainable construction in all regions of the Kingdom and to make fundamental changes in the structure of the national economy to become more solid and able to achieve diversity and leadership.
Check the conditions of the area
Hamad Bin Hamoud Al Hammad, Board Member, said that the Eastern Region is adorned today with the presence of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and his faithful heir.
He expressed his great happiness and all the people of the region because of the wise leadership's keenness to inspect the conditions of the region and its projects that start in all provinces,
He pointed out that the Kingdom in their blessed era progresses and develops according to a pioneering Vision and a decisive will towards a safer future for future generations.
He stressed that the package of reforms led by the Custodian of the Two Holy Mosques and his Crown Prince strengthened the economy of the Kingdom and made him more attractive for investment, which we are witnessing today from an influx of investments and growth in the economy at all levels.
In his opinion, the Board Member, Saadoun bin Khalid Al Khalidi, considered the visit of the Custodian of the Two Holy Mosques and the Crown Prince to the region as a consolidation of unity and cohesion between the leadership and citizens.
The Kingdom is on its way to complete the process of building and growth on the bases and rules of sustainability.
He added, "Welcome and welcome to the leader of the march and its maker in the land of good and tender. We ask Allah to protect them and protect our country and raise its flag among nations."
In a related context, the board member, Salah bin Abdul Hadi Al-Qahtani, expressed his deep welcome to the visit of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and his faithful Crown Prince.
He stressed that this blessed visit supports the process of growth and construction in the region, which was launched by the grace of Allah and then guidance of our leadership to achieve the sustainability of various sectors and then the transition to a more prosperous society.
Al-Qahtani said that the tender presented by the Custodian of the Two Holy Mosques and his Crown Prince since assuming the responsibility of the country in its various regions is innumerable and has changed our country on their hands for the better and revealed the face of civilization and history.
All this indicates that there is a clear vision, insight and great ambition in the service of this country.
An example of a young leadership
The member of the Board, Dhari bin Abdul Rahman Al-Otishan, said that the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, is an example of good leadership and a model for the leader aimed at the elevation of religion and homeland among nations, and that the Crown Prince HRH Prince Mohammed bin Salman is an example of a young leadership that we derive from its strength, movement and aspirations for a promising future for this generous country.
He pointed out that their visit today to the Eastern Region reflects the extent of their interest and keenness on the development of the regions and work to take advantage of all its components and resources.
Al-Otishan expected further economic movement in the region, especially after this blessed visit.
He pointed out that the leadership shows of constant communication in various regions of the Kingdom to learn about the conditions of citizens and their well-being.
For his part, Abdulrahman bin Sulaiman Al-Suhaimi, expressed his congratulations to the region, which is adorned with joy by the honor of the visit of the King of firmness and determination and his faithful heir by saying, "Their presence bears good news for the region and all its inhabitants."
He pointed out that the repetition of their visit to the region is a clear indication of the extent of keen interest in all matters of interest to the citizen and achieve his aspirations and needs.
Al-Suhaimi considered the presence of the wise leadership of the land of good as an embodiment of the care and follow-up that is not only for the Eastern Region but also for the rest of the Kingdom.
He said that the Kingdom is currently in the process of a major breakthrough at all levels, which everyone sees and attests to its success at home and abroad.
future prospects
Alanoud Bint Tawfiq Al-Ramah, a Board Member, expressed her happiness and all the businesswomen of the Eastern Province due ot the honoring visit of the Custodian of the Two Holy Mosques and his Crown Prince, may Allah bless them, to the Eastern Province by saying,
"The women in their auspicious reign came on the list of priorities and was classified among the elements of the Kingdom's power. Today is starting in their blessed era towards the future prospects with the man in order to contribute to the process of building the dear homeland."
Al-Anoud pointed to the support given to women in various fields and the serious efforts to push them into the midst of economic work.
He stressed that their blessed visit comes at a time when the region is witnessing a great rise in various sectors, which is offering its congratulations to the region and all its sons in the presence of good leadership.
For his part, the Board Member Mohammed bin Saleh Al Sayyed expressed his welcome for the wise leadership by saying, "The region is living a great joy these days and proud because of the visit the Custodian of the Two Holy Mosques and His Crown Prince."
He pointed out that this visit comes to reflect the keenness of the leadership to communicate with citizens of all walks of life.
He added that this visit is a visit to the good and development of the region and its people.
He pointed to the previous visit, which carried a lot of good opening of major projects, especially in the fields of oil and gas industry.
He added, "Welcome and welcome to the wise leadership on the land of our region and their people who have the mandates of their great love and appreciation."
Constructive Communication
The board member Nasser bin Rashid Al Bajash said that this visit reflects the constructive communication between the leadership and the people.
It comes within the framework of the approach followed by our wise leadership for decades, where direct communication will have the greatest impact on the region and its economic movement.
Al-Bajash added that this visit is an embodiment of the continuous follow-up approach and direct meeting with the sons of this generous country.
This approach played a major role in addition to several other factors in accelerating the pace of achievement in the majority of projects that launched in many areas, especially the Eastern Region.
He said, "Welcome and welcome to our King and his faithful heir on the land of good."
For his part, the Board member Nasser bin Abdulaziz Al Ansari welcomed the blessed visit of the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz and his faithful Crown Prince - may Allah preserve and care for them - to the Eastern Province.
He said that this visit has a great impact in the hearts of the people of the region, as it brings with it the badges of good and development of the region.
Al-Ansari continued by saying that the visit of His Majesty and his faithful Crown Prince confirms that our wise leadership is keen to take care of the interests of its citizens and realize their hopes and aspirations.
He pointed out that this visit will be reflected on the region with good fortune.
Hopes
In the same context, Najib bin Abdullah al-Sehati expressed his happiness with the presence of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and his Crown Prince to the land of the Eastern Region.
He said that the region is happy these days with this auspicious visit.
He stressed that it is a visit that pushes us all towards more effort and work to achieve the hopes of building an economic based on diversity and optimal utilization of available resources.
He considered this visit, which is bearing the concerns of the leader of the people and his needs keen to follow up, as an example that we all have to follow in our work.
He added, "Welcome to our King and Crown Prince in the Eastern Region, who are all rejoicing in their presence."
The Board member, Nouf Bint Abdulaziz Al-Turki, said that this visit signals a wider horizon for the Eastern Region and its people, and that it represents a new impetus for all the pioneers of the private sector.
She expressed her pride in this auspicious visit by the Custodian of the Two Holy Mosques and his faithful Crown Prince, where women witnessed in their era many achievements, as women became an active member of society.
The fields opened before women as they had many opportunities to participate in the process of construction and development that the country is now in full swing in various fields and at all levels.
She expressed her gratitude and all the businesswomen of the region for this blessed visit.
For his part, Secretary General of Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabel, said that the visit of the Custodian of the Two Holy Mosques and his Crown Prince to the Eastern Province is a reflection of the extent of cohesion between the leadership and the people.
It reflects the extent of the close relationship between the leadership and the citizens, which the Kingdom established by the hand of its founder – may Allah rest his soul.
Al-Wabel expressed his happiness and all the employees of Asharqia Chamber with this auspicious visit by saying, "The Chamber today is pleased to honor the Custodian of the Two Holy Mosques and His Crown Prince for the land of good and tender and that this visit comes within the process of endless bidding of our leadership."
Investment opportunities and financing solutions witnessed by Khafji Investment Forum
09/04/2019
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, stressed that Khafji Investment Forum 2019, which is organized by Asharqia Chamber under the patronage of the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz with strategic partnership with Aramco Gulf Business and the Eastern Province Secretariat, aims to highlight the role of Khafji province in achieving the Vision of the Kingdom 2030 through strengthening the role of the private sector as a partner in the national economy and attracting investments to Khafji governorate to maximize the benefits of the governorate's competitive advantages.
Al-Khalidi said that the forum, which is held on the land of the Cultural Center in the province of Khafji on Sunday, April 7, 2019, seeks to consolidate the concept of the eastern region as the capital of the Gulf industry, attracting large Gulf and international investments to the province of Khafji, as well as raising the awareness of the private sector about the most important areas of investment in Khafji through enabling it to make optimal use of the opportunities and comparative advantages of this governorate, in addition to hosting officials and specialists to discuss ways and mechanisms to overcome the challenges facing investment.
Al-Khalidi pointed out that a number of officials will review a number of investment opportunities in the region through the participation of the Secretariat of the Eastern Region, the Saudi Commission for Tourism and National Heritage, the General Authority for Small and Medium Enterprises, the Public Transport Authority, (Modon), and the Saudi Industrial Development Fund.
He pointed out that the province of Khafji enjoys several advantages between the cities of the region in terms of investment, where it has many investment opportunities in a number of economic activities.
He noted that the Forum will highlight through the participants on the most important investment opportunities that the business sector can work on it as Khafji is fertile ground for investment.
For his part, Eng. Azab Bin Mohammed Al Qahtani, Chief Executive Officer at Aramco Gulf Business, said that Khafji Governorate has many great potentials and specialized human resources.
He pointed out that the company senses these characteristics through its advanced work on the economic map of Khafji, in addition to the social initiatives that provided by the company to the people of the province, which revealed many of those potentials that deserve care and attention in support of this outstanding province.
Asharqia Chamber ends its preparations for «Sanati Khafji 2019»
09/04/2019
Asharqia Chamber has completed its preparatory work in preparation for the launching of its exhibition for the productive families "Sanaati Khafji 2019" under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, as it starts on Saturday April 13th for four consecutive days.
Asharqia Chamber, represented by the Center for Social Responsibility, gave the opportunity to the productive families to register at the exhibition through a specially designed electronic website, and it continued to receive family requests for three weeks.
The exhibition is divided into four main sections for crafts department, handicrafts, decoration, fashion department and clothing, sewing, perfume, incense, food, sweets, coffee and spices.
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that Sanaati Khafji 2019 will be launched with the participation of more than 3 supporting bodies for productive families, which are the Ministry of Labor and Social Development, the Social Development Bank and the Khafji Women's Association,
It is targeting about 50 productive families, as the business sector has been invited with community initiatives and programs that serve this segment of society.
Al-Khalidi pointed out that since its adoption by Asharqia Chamber, Sanaati aims to introduce all the parties, businessmen and consumers, to the productive families in the region and the quality of its work and products and how to communicate with them.
Al-Khalidi promised the exhibition as a more effective window towards organizing the work of productive families and marketing their products through specialized exhibitions.
He stressed the Chamber's continued efforts to support the productive families to serve as an extension of the economy of the region and at the same time more self-reliant in order to secure a sustainable source of income for themselves.
The Eastern Region Shopping Festival 2019 concludes its entertainment activities with the participation of more than 50 thousand residents of the region and visitors
09/04/2019
-The festival presented prizes worth 6 million riyals, and gave a variety of activities in commercial malls
-The Eastern Region Shopping Festival 2019 concludes its entertainment activities with the participation of more than 50 thousand residents of the region and visitors
On Saturday March 30th, Asharqia Chamber of Commerce concluded the activities of The Eastern Region Shopping Festival 2019 that was organized by the «The Eastern Region Season 2019» from March 14 to 30 with special offers and exceptional discounts.
The Eastern Season 2019 is the first season of the Saudi Seasons (11) for the year 2019, which will be launched by the Kingdom throughout the year in different regions and governorates and comes within the framework of raising the quality of life for citizens and residents in the Kingdom to create an environment conducive to the participation of all in various cultural and recreational activities and aims to make the Kingdom the best tourist destination globally.
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that the shopping festival has achieved its desired objectives in bringing joy and pleasure to visitors and residents of the eastern region, as it created leisure and marketing boom in the region, and served as a diverse carnival for deals and opportunities for visitors and shoppers to win thousands of prizes valued at (6) million riyals.
It was also an opportunity to enjoy discounts on many brands.
He pointed to the participation of more than 50 thousand residents of the region and visitors.
Al-Khalidi pointed out that visitors have achieved a distinguished shopping throughout the festival through the provision of more than (900) shops of special offers and exceptional discounts.
He pointed to the registration of about (25) thousand people in the draws as (457) won with a valuable set of prizes, in addition to (13) winners of luxury cars that provided by car dealerships in the region.
Al-Khalidi said that the participation of the Chamber in the season of the year is a confirmation of its role in achieving the Vision of 2030 and its objectives in diversifying opportunities and sources of entertainment and arts and culture to citizens and residents and all visitors of the Kingdom.
He expressed his thanks to all parties who participated with the Chamber for the success of the Shopping Festival and to make it a model before the seasons of the Kingdom.
The festival of the year is distinguished by its magnificence, its festive atmosphere and the diversity of its activities, which highlighted the character of the Eastern Region and expressed its originality and culture throughout history.
At the same time, it stressed the national identity and its consolidation among future generations.
On the other hand, the festival offers unique discounts and unique offers on hundreds of brands, fashion houses.
The shopping festival is one of the most important events organized by Asharqia Chamber during the Eastern Season, especially as it was designed to be the first destination for all people from inside and outside the region, where everyone had to try shopping discounts and offers, as well as entertainment and enjoy many of theatrical performances and elements of heritage and interactive dazzling, as part of the activities of the malls (Al-Rashid Mall, Dhahran Mall and Alshatie Mall.)
Specialist: Waqf funds are the most important financial resources of the most prominent institutions of higher education
07/04/2019
The third session of meeting of Diwaniyah of Awqaf "Illuminations on outstanding international endowment practices" was organized by Asharqia Chamber, represented by the Committee of Awqaf, on Wednesday evening March 27, 2019 at the headquarters of the Chamber.
The meeting was attended by a member of the Board of Directors Hamad Bin Hamoud Al Hammad and Vice Chairman of the Awqaf Committee and Board Member Najeeb Bin Abdullah Al-Sihati.
During the meeting, a specialist in the endowment sector said that Saudi universities need a balance of 375 billion riyals to cover 50 percent of their current budgets.
The Chairman of the Council of Scientific Endowment for Islamic Economics and Finance and Associate Professor of Islamic Finance at King Abdulaziz University in Jeddah, Dr. Omar bin Zuhair Hafez, said in its review of the higher education sector that Harvard Endowments estimated at 40 billion dollars and the University of Texas is estimated at $ 26 billion.
He referred to the roles that these universities can play when they have all this financial independence.
Hafez pointed out that the waqf is a legal person of his own, with his moral personality independent of the originator's responsibility, and the duty of the beholder.
The Waqf and the trust fund are based on the principle of separating the legal ownership from the ownership of the benefit.
In the waqf, the legal ownership of the judgment is based on the rule of Allaah, as no one can act on it or transfer its ownership to anyone, while the ownership of the benefit is owned by the beneficiary, and acted according to the conditions of the waqf, which are often for the purposes of charity.
Although it is sometimes intended to stay on the parents or the offspring, the goal of the endowment is charity, not economic benefit.
The judicial authorities supervise the stay in terms of monitoring the actions of the beholder, so that it cannot take any action on the eye of the stay without the approval of this act by the competent judge.
The Direct Investment Fund is not a separate legal entity in itself, as it is a legal arrangement independent of legal property with a person different from the person who owns the benefit that owns the assets of the Fund legally guardian.
It has the right to manage the Fund in the interest of a third party (the owner of the benefit) and binds the parties to the trustee and the beneficiary a credit relationship, which may be imposed through a guard or court.
On the leadership in higher education, Hafiz said that higher education in each country is a mirror of its progress and superiority among countries.
The most important institutions of higher education in the United States of America have been able to lead in their ability to represent revenues from their endowment funds the most important financial resources.
It can be said that the management of endowment fund investments is subject to professional and institutional management and has the necessary control to ensure continuity of financial flows to universities.
Scientific research also receives great attention from every university and universities compete in their aspiration to the first ranks internally and globally.
He pointed out that the leadership in the endowments linked to the adoption of institutions of higher education on the grain of endowments.
This underscores the great role played by outstanding global endowment practices.
In conclusion, Al-Hammad honored Dr. Hafez with a commemorative shield.
The Lawyers and Legal Advisers Committee is preparing to hold a lecture on amendments to the implementation system
07/04/2019
The Committee of Lawyers and Legal Advisers in Asharqia Chamber held its meeting on Wednesday 28/3/2019, which dealt with many issues related to the legal sector, at the headquarter of the Chamber.
The Chairman of the Committee, Khalid bin Abdul Latif al-Saleh, said that the Committee intends to hold a public lecture on the new amendments to the implementation system to expose through it all the developments on the system.
Al-Saleh noted that the lecture comes in terms of spreading the culture of rights and justice.
The Committee of lawyers and legal advisors in the Chamber organizes many meetings with a view to enlightening the business sector and society with the provisions of the regulations related to economic activity.
Al-Saleh added that the new amendments would preserve the rights of the legal representative of the legal person and that the new measures came to speed the delivery of rights to their owners, especially since implementation is the goal we aim at.
Al-Saleh said that a team has been set up to discuss the establishment of controls for the legal custody of private companies and that judicial custody and judicial liquidation is at the heart of the lawyer's work, as it requires a determination in the conduct and judicial representation.
The case before the courts is limited to licensed lawyers practicing the profession in accordance with article I of the legal system.
The Committee, during the meeting, reviewed its work plan for the second quarter of this year including activities and programs designed to serve the sector.
Japanese expert stresses the importance of nanotechnology to develop plastic industries
07/04/2019
The expert and professor at Yamagata University in Japan, Dr. Hiroshi-Ito, stressed the importance of entering nanotechnology in many industrial fields, especially in the plastic industries, which fall within the range of daily humanitarian needs.
Ito'o said in a lecture held in Asharqia Chamber on Wednesday, 27/3/2019, which was entitled "Innovative Manufacturing Techniques for Developed Plastic Materials" that nanotechnology contributes to improving the properties of materials produced and facilitates the process of use.
Japan's Yamagata universities are conducting extensive and in-depth research into the application of these techniques in many fields as part of its research to read the future of the plastics industry.
The lecture is part of the activities of the Industry and Energy Committee of Asharqia Chamber, as Abdullah Al-Sane, member of the Committee, opened the lecture as he stressed the openness of the Saudi market to various modern technologies in the industrial fields.
Expert: Internal audit monitors infringing operations and ensures effective performance
07/04/2019
Abdulaziz bin Mohammed Al- Kanhal, an expert in the internal audit and financial functions and consulting, said that institutions need to "internal audit function", which reaches the necessary stage, as it gives departments an assessment and assistance to achieve the objectives that required of them according to a scientific approach and the application of laws and regulations, which contributes to increased efficiency of performance and effectiveness evaluation, reduce the likelihood of fraud and fraud, reduce the occurrence of significant errors, and thereby reduce risks to achieve strategic objectives.
This came in a lecture entitled, "Internal Audit from my experience according to international standards (IIA)" that was organized by Asharqia Chamber on Tuesday March 26, 2019 at the Chamber's branch in Jubail Industrial City.
Al-Kanhal said that the review is "an independent activity (assessment and objective) that provides assurances in order to add value to the organization and improve its operations and help achieve its objectives through systematic method to assess and improve the effectiveness of risk management processes and governance."
He explained that this process is in accordance with the International Auditing Standards IIA, which is accredited by the Saudi Association of Internal Auditors, ethics and rules of conduct (confidentiality, integrity, objectivity, efficiency).
In this regard, the internal audit is carried out according to the following sequence, "Planning, implementation, report, follow-up, improvement of effectiveness."
He believes that the effectiveness of the results of the internal auditors' work is always positive for many reasons, notably: relying on the mechanism of work (internationally approved standards) that leading to raising professionalism in the work of the different departments of the facility, the internal audit staff have professional and scientific qualifications and experience to perform their duties, because they enjoy the statutory independence that gives them the performance of work objectively and they do not share executive functions, and therefore their recommendations are more neutral.
He added that what gives the auditors confidence that the results of the audit work depends on the evidence is documented can be consulted to verify, because audit standards emphasize an independent entity periodically that reviews the internal auditors' working papers and provides an assessment of the adequacy of the application of the standards, especially as audits are based on risk assessment and analysis in prioritizing its schedule of tasks.
In order to detect or reduce fraud as one of the most important objectives of the audit, the lecturer stressed the importance of planning a good review process, the use of qualified staff, providing appropriate knowledge of the types of fraud and fraud potential by activity, assessment of the level of control and the most important risks and potential fraud, taking appropriate samples to verify and work the necessary procedures to reach accurate results, using appropriate technical tools to assist in screening, analyzing and comparisons, reporting results to the appropriate level, and following up appropriately with appropriate levels.
He pointed out that one of the methods of fraud is the theft of goods from the warehouse of warehouse custodians or employees, and not to deposit receipts from customers and keep them, then write off the account on the grounds that it is not collectable, not to deposit money in the bank on a daily basis or to deposit part of it only, and to bring several quotations close to the knowledge but the price is higher than the market (procurement officer), the signing of the receipt of purchases that has been made but has not been effected (the petty cash covenant), modify the data in the warehouse records to conceal the deficit, selling the damaged items and taking their price personally.
Among the indicators of embezzlement, Al-Kanhal cited some of the positions issued by the employees who confirm this suspicion, such as "refusing to give up records to an alternate during the leave, the refusal to obtain leave, delay delivery and official receipt, not to provide information to the alternative employee in respect of suppliers or customers, the presence of signs of luxury on the employee more than the level of salary or family level, weak employee ethics and boast of his indifference to regulations, and receiving valuable gifts from suppliers or customers, be uncomfortable when asking reasonable questions.
He concluded that the audit was a fundamental part of the organizations' progress.
Prince of the Eastern Province patronizes Khafji Investment Forum 2019
07/04/2019
The Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, patronizes Khafji Investment Forum that is organized by Asharqia Chamber and in a strategic partnership with Aramco Gulf Business in April.
For his part, the Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the patronage of the Amir of the region.
He stressed that it represents a great supporter of the continuation of the activities of the Chamber at the level of excellence, which is reflected on its performance in the organization of economic and community events.
The Chairman of the Board of Directors of Asharqia Chamber of Eastern Province on the leading role provided by Aramco Gulf Business Khafji for the private sector and the community in Khafji and support for all the growth and development of Khafji, in addition to the company's positive participation of all social events of the people of the province.
Al-Khalidi stressed that the Forum aims to highlight the role of the province of Khafji in achieving the Vision of the Kingdom 2030 through strengthening the role of the private sector as a partner in the national economy and attracting investments to Khafji governorate to maximize the benefits of the governorate's competitive advantages.
Al-Khalidi said that the Forum seeks to identify investment opportunities and attract investment to the province of Khafji.
It also works to educate the private sector on the most important areas of investment in Khafji and enable it to make optimal use of the opportunities and comparative advantages of this governorate, in addition to hosting officials and specialists to discuss ways and mechanisms to overcome the challenges facing investment.
Al-Khalidi said that the province of Khafji enjoys several advantages between the cities of the region in terms of investment and geographical location link between the Gulf Countries, where it has many investment opportunities in a number of economic activities.
He pointed out that the Forum will highlight through the participants on the most important investment opportunities that the business sector can work on, considering that Khafji is fertile ground for investment.
Khafji is considered one of the most important oil regions in the Gulf with a capacity of about 300,000 barrels of oil.
Khafji's reserves of crude oil are estimated at 60 billion barrels.
The governorate also has an unexploited natural gas reserve of 25 billion cubic meters.
Prince of the Eastern Province patronizes the events of the Eastern Region Commercial Forum 2019
30/03/2019
His Royal Highness Prince Saud bin Nayef bin Abdulaziz will patronize the activities of the Eastern Region Business and Commercial Forum on April 17, which is organized by Asharqia Chamber as one of the activities of the Commercial Committee with the aim of raising the level of commercial activity in the Eastern Region and addressing the many challenges facing the sector at the present time.
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that a busy program will be held in the Forum at the headquarter of the Chamber.
There will be three sessions within the Forum, one of which was devoted to direct dialogue with His Excellency Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi, whose attending will be a great addition to the Forum's dialogues.
The Forum aims to achieve communication between representatives of the public sector and the direct supervisor of the commercial sector on the one hand, and business men and women on the other hand, as this is one of the main objectives and interlocutors of Asharqia Chamber.
Al Khalidi expected that the direct dialogue session with His Excellency Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qasabi, will be discussing many of the concerns of workers in the commercial sector in order to find solutions with his Excellency, especially in light of the qualitative developments witnessed by commercial activity in the Eastern region, and in the Kingdom in general.
He pointed out that this Forum is one of the activities of the Commercial Committee of Asharqia Chamber, which is within the Chamber's mission to develop business activity to open up more prospects for the private sector, and to look for solutions to the difficulties facing the sector.
Al-Khalidi added that the Forum will discuss a number of important topics that are directly related to the business activity, including "e-commerce legislation and regulations and their impact on the retail sector" because e-commerce is of great importance in retail markets, both now and in the future.
He explained that Asharqia Chamber has been diligently trying to look forward to the future and try to read it early, and then make recommendations and proposals to deal with it. When looking at the subject of electronic commerce, it sees in the light of reality indicators that it is the language of the era in the coming years.
He noted that Asharqia Chamber discussed the subject of electronic commerce more than twenty years ago.
The Forum, while focusing on the issue of legislation and regulations on electronic commerce, had a direct impact on the development of this type of trade, which will not proceed in a manner that achieves the added value of the national economy, unless the legislation and regulations are accurate, clear and explicit, and this is "what we have seen in recent years of the issuance of many decisions governing the electronic business activity."
Al-Khalidi expressed sincere thanks and appreciation to His Highness the Amir of the Eastern Province for sponsoring the activities of this Forum and for the Minister of Commerce and Investment to interact with the Forum and participate in one of its sessions and meet with representatives of the private sector of business men and women in the Eastern Province.
For his part, Chairman of the Commercial Committee in Asharqia Chamber, Hani bin Hassan al-Afalq, said that trade in the Eastern region is witnessing major developments and successive due to the geographical location (on the Arabian Gulf, and near the GCC) and the economic importance represented by the region as the capital of oil and industry in the Kingdom, and the tremendous developments, which is the entry of the electronic component in the trade exchange, which witnessed qualitative leaps in the volume of daily trade exchanges.
He added that the Forum will review a number of success stories of some prominent institutions in the face of challenges and difficulties in the issue of electronic commerce, which is the language of the age in the commercial side in particular.
The purpose of all of this is to exchange views on the solutions to these challenges and the difficulties faced by institutions in this regard.
He noted that there is a great preparation by the Scientific Committee of the Forum by selecting a number of experts and speakers who have experience and knowledge as some of them are businessmen and some of whom are distinguished businessmen in their fields especially the issue of electronic commerce, and some of them are responsible in some circles involved in business activity.
He expected the forum to be another addition to the business activity in the Eastern region.
The Contracting Committee reviews its programs and hosts Tamkeen Program’s Manager
30/03/2019
The Contracting Committee at Asharqia Chamber, which is under the chairmanship of the Board Member Hamad Bin Hamoud Al Hammad, held its third meeting of the current year, which reviewed a number of activities and events that it intends to implement in the coming months at the headquarter of the Chamber on Tuesday 26 March 2019.
The Committee's activities include a visit with a number of departments related to the sector as well as holding seminars and workshops to discuss its challenges and ways of addressing them.
On the other hand, the Committee hosted the Director of Tamkeen Program in Dammam, Adel Al Qattan, where he provided an introduction of the program, which was implemented by the Ministry of Labor and Social Development, its achievements and objectives, and ways of cooperation between the institution and the contracting sector.
Al Qattan explained during the meeting that one of the most important objectives of the program is to help the beneficiaries who are able to work to turn them into producers and financially independent through training and their integration into the labor market.
The members of the Committee expressed their readiness to cooperate with Tamkeen to train the beneficiaries and integrate them into society through the available means.
Tuesday’s Meeting in Khafji reviews the impact of the activities of Asharqia Chamber on the investment movement in the province
30/03/2019
Tuesday's monthly meeting of Asharqia Chamber in its branch in Khafji Governorate witnessed the exchanged of views on the new and large events that will be implemented by the Chamber in the province during the next few months.
During the meeting, which was held on Tuesday, 26/3/2019, the audience praised the direction of the Chamber, represented by the Board of Directors and the Secretariat and the Business Council Khafji, as the expected return will be positive on the province and the movement of investment in them, which is one of the best stages.
The Chairman of business council in Asharqia Chamber of Commerce in Khafji, Hussain bin Ali Al-Enezi, reviewed the latest preparations of the chamber to launch (Khafji Investment Forum 2019) and (Sanaati for productive families) that will be held during the month of April, and is a follow-up and a great interest by the Board of Directors of the Chamber.
In this regard, he urged all businessmen to interact, attend and to ensure the success of these events, which reflect the reality and importance of Khafji on the economic map in the Kingdom.
Asharqia Chamber celebrates the Golden Jubilee of Al-iktisad magazine and honors its former presidents and editors
29/03/2019
-In a ceremony, under the patronage of His Royal Highness Prince Saud bin Naif yesterday: Asharqia Chamber celebrates the Golden Jubilee of Al-iktisad magazine and honors its former presidents and editors
-Reviewing the history of the magazine through a documentary film and a specialized photo gallery
-Al-Khalidi: "Al-iktisad" adopted the support of development plans and Vision of the Kingdom 2030.
-Al-malik invokes the memory of Prince Nayef and calls for resolving the media crisis.
On Tuesday 26, March 2019, His Royal Highness Prince Saud Bin Nayef bin Abdulaziz, Governor of the Eastern Region, patronized the celebration of Asharqia Chamber on the occasion of the fiftieth anniversary of the issuance of the first issue of Al-Iktisad magazine that issued by the Chamber.
The large celebration hosted a number of editors of local newspapers and magazines, which is led by the editor of the newspaper "al-jazirah" and the head of the Saudi Journalists Association, Khaled bin Hamad al-Malik, and a large crowd of local media representatives, as well as a distinguished collection of businessmen, including former heads of Asharqia Chamber.
The ceremony, which is held at the headquarter of the Chamber in Dammam, witnessed a detailed presentation of the history of the magazine over the past five decades through the screening of a documentary film and the establishment of a special exhibition that tells the history of the magazine through photographs covered over the past fifty years, as well as the launch of the new magazine on the Internet.
This is all held under the patronage and honor of His Highness the Emir of the Eastern Region, who toured the exhibition, and launched the new site in a move that was highly welcomed by media people, businessmen and officials attending the ceremony.
During the ceremony, which opened with Saudi royal anthem, then a recitation of verses from the Holy Quran, then honoring the chairmen of Asharqia Chamber of Commerce since its foundation until today, and honoring the editors of the magazine "Al-iktisad" during the fifty years, as well as sponsors and supporters of the magazine and the ceremony.
Specialized media message:
In his speech during the ceremony, the President of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, who welcomed the Prince of the Eastern Region, his companions, and all the Excellencies and Highness who attended the ceremony by saying, "Al-iktisad Magazine has been discussing and highlighting the hopes and aspirations of the business sector towards further giving to the development of our beloved country, which has been present with excellence over the past five decades that is in line with all developments in our country on the economic and media levels."
Al-Khalidi added that the magazine has adopted over the past five decades a specialized economic information message through which to support the development plans to reach the Vision of the Kingdom 2030 through the use of capabilities and techniques to monitor and highlight the economic issues and serve the Chamber's subscribers accordingly by enriching the economic media content with all objectivity and professionalism, and spreading awareness at all levels and aspects related to development.
The Rise in the Age of the Vision:
Al-Khalidi went on to say, "In the age of Vision and renaissance experienced by our dear country, we are faced with a number of aspirations in a changing age, full of changes in the level of media content and the challenges facing the media industry not only in our country but in different countries of the world.
Asharqia Chamber and its belief in the role of the media in shaping the economic and developmental landscape has sought to consolidate the presence of this pioneering publication to be an exhaustive and informative resource for all those interested in knowledge and learning, as we have even enhanced its presence in the digital space by launching a rival website."
A variety of media speeches:
Al-Khalidi said, "The magazine has sought to adopt an economy media address suitable for all segments of the target, as not limited to research and readings and analyzes on the field without another. The magazine is the mouthpiece of the merchant, the contractor, the farmer, the investor in industry and tourism.
The scope of its attention did not depend on companies or large and giant enterprises but gave great attention to small and medium enterprises.
It sought to present a number of proposals and recommendations to raise the level of contribution of these enterprises to the national economy, and the economy was not limited to following up local affairs, which was an echo of the Saudi economy, which has become the most important 20 economies in the world. The magazine goes this way through addressing issues that emphasize the "universality" of Saudi Arabia's pioneering economic approach."
In conclusion, Al-Khalidi expressed his sincere thanks and appreciation to His Royal Highness Prince Saud bin Nayef bin Abdulaziz for his continuous support to Asharqia Chamber and the business sector in order to sponsor it, and thanks to all those who contributed to the launch of this magazine, and contributed to the development and bear the effort in order to keep this magazine present in the scene of economic media that is including the editors of this magazine in the executive and editorial staff and all the staff, writers and editors in this magazine."
The memory of Prince Nayef:
Editor-in-Chief of Al-Jazirah Newspaper, the Chairman of the Saudi Journalists Association, and the President of the Gulf Press Assocation / Khalid Bin Hamad Al-Malik delivered a speech during the ceremony and expressed his happiness to participate in this event.
He praised the efforts of His Royal Highness Prince Saud bin Nayef bin Abdulaziz.
He stressed that His Highness is following in the footsteps of his late father, His Royal Highness Prince Nayef bin Abdulaziz.
Al-malik said, "I am happy to see this combination of good-manned man meet, the son of a man meet a friend of the citizens, Prince Saud bin Naif bin Abdulaziz, and to live the atmosphere of this beautiful ceremony, shine and grow in the presence of His Highness on one of several occasions we used to see Saud bin Nayef participate on top of the collection in every forum shining with a collection of beautiful pictures, and good news."
Al-malik went on to express his happiness, remembering the late Prince Nayef bin Abdulaziz by saying, "I am happy that the image of Nayef bin Abdul Aziz in front of me, I remember with love and prayer, whenever I saw our beloved Prince Saud bin Nayef's humility and his striving to make a quantum leap here in the eastern region in every previous location where it was glittering, productive and effective, as if imitating his father, and follow his footsteps, and implements his directives, and his advice. Even in his grave - God's mercy - covered with the consent of the Lord of the worlds, God willing."
Paper Press Crisis:
After that introduction, Al-malik said that the occasion of the celebration of the fiftieth anniversary of the publication of (Al-iktisad magazine), under the patronage of the Prince of the Eastern Province, has inspired him to address 4 points.
First is "The honor of HH the Amir of the region for this occasion considered as a tribute and appreciation of the paper press without exception, represented by this paper Al-iktisad, which lasted five decades."
Secondly, he said, "The magazine's celebration of this age and its estimated success in serving the country's development and economy all this time, which coincides with an unjust campaign against the paper press, which cannot be understood, but that falls within the jurisprudence and views that may not be successful cause of the media from the media, which was the most prominent in the service of this country."
The third point, according to Al-malik, was a direct address to the businessmen as he said, "It may be appropriate to remind businessmen that they have a role to wait for them to save the press before they sink or die by providing newspapers with advertisements that keep them alive, effective and influential."
He added in the fourth point by saying, "the problem of paper-based journalism and the challenges faced did not arise from the fact of weakness in content, or the competition of the so-called digital press, but is a global phenomenon, but other countries found the problem, and the solution has been provided, while we are still waiting."
Encounters:
In a very friendly way, Al-malik said in the fifth and sixth point, "It is a coincidence that the magazine celebrates the economy 50 years after its issuance, which is the same age in the work of the press, which has been issued the first issue of the magazine with my beginnings of journalism."
It is also a coincidence that the editor of Al-iktisad magazine, Qusay al-Badran, received his first ID as a journalist in 1979 with my personal signature when he worked as editor in Al-Jazira newspaper – then."
Al-malik concluded by saying, "I am happy to be given this opportunity to reveal something in my mind in front of your noble Highness and before this gathering. May Allah saved everyone, especially the leaders of our country and its people in the work to achieve further development under the reign of King Salman bin Abdulaziz and Crown Prince Prince Mohammed bin Salman, with the best congratulations to the colleagues in the magazine on this occasion, and our calls for them to shine without interruption."
In conclusion, HRH Prince Saud bin Nayef, Governor of the Eastern Region, received a souvenir from Asharqia Chamber, which is presented by the Chairman of the Board, Abdul Hakim Al-Ammar Al-Khalidi.
His Highness the Amir of the region honored His Excellency Minister of Information Turki bin Abdullah Al-Shabana, which was received on his behalf by the Director General of the Ministry of Information in the Eastern Region, Majid bin Mohammed Al Babtain.
He also honored the Chairman of the Board of Directors of the Saudi Journalists Association and the Editor-in-Chief of Al-Jazira newspaper, Khalid bin Hamad Al Malik.
“Ryadioon” program presents an entrepreneur’s experience for high school students
29/03/2019
On Tuesday 26 March 2019, Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises and with the program "Ryadioon", organized a visit to the Qasim Bin Mohammed Secondary School in Dammam in order to introduce the Center's efforts and the program to explore young entrepreneurs and develop their own entrepreneurial culture.
The program hosted the entrepreneur and member of the Young Businessmen Council at Asharqia Chamber, Mohammed bin Khaled Al-Mohammadi, who transferred his practical experience to the school's students and provided a number of tips and guidance needed by future entrepreneurs.
Al-Mohammadi stressed the need to focus on the work and expand the circle of ideas as the individual possesses many skills can be exploited using many tools available, while thinking outside the fund and the creation of new methods through keeping abreast of the technological development that taking place in the world and focusing on continuing education along with the use of leisure in useful programs and activities, which will support the orientation towards self-employment.
The program "Reydioon" aims to spread the culture of self-employment among students of universities, colleges, institutes and schools in the region, as well as the cultivation of the culture of entrepreneurship early, convert the student from job seeker to a job opportunities maker, and the introduction of services provided by the Center for the development of small and medium enterprises and financiers, as well as all the information needed by the novice entrepreneur.
Specialist: Review of construction procedures contributes to reducing financial waste
27/03/2019
Asharqia Chamber organized a lecture, among the activities and programs of the Contracting Committee, that is entitled "Basic Concepts Before Building Your House," which talked about bout common mistakes that some people make when building a home, including design, demographics and architecture.
The member of the Board of Directors and Chairman of the Committee, Hamad bin Hamoud Al-Hammad, said that the lecture comes within the efforts of the work of the Contracting Committee and its activities for 2019 in order to raise the awareness of the contractors, architects and all individuals who are coming to build their houses with the basic concepts of building, requirements and steps necessary before, during and after the construction process, as one of the most important factors for achieving quality and sustainability.
He explained that many of the initiatives and programs of quality and awareness put forward by our wise government to provide a balanced and sustainable housing environment, which contributed to the organization of the sector and increase the awareness of individuals of the importance of obtaining new houses without risk, which is in line with the objectives and aspirations of the Vision of the Kingdom of 2030 that is promoting sustainable buildings and improving citizens' lifestyles.
Al-Hammad pointed out that the lecture represents a valuable opportunity for the parties to the relationship to know whether the architects, contractors or the next to build houses on these basic concepts that must be increased awareness, thinking and taking into account before starting the construction because with their good knowledge, individuals can get the houses they want to live in according to the specifications they were hoping for.
For his part, Dr. Sameer Akbar, a specialist in urban construction, stressed the importance of ensuring the construction procedures in order to achieve the best results both in terms of safety of implementation and materials used or in terms of reducing the waste of money in the maintenance of frequent.
He pointed out that one of the most common mistakes when building the house are lost spaces that raise the cost of construction without interest.
He pointed to a very important issue related to the strength of soil, which is the norm in determining the type of rules that will be established under the structure.
This is a very important issue in order not to build more rules than required, which increases the cost and to avoid any future problems such as landing rules, which may make you pay a high price.
On the importance of the design of the house, Akbar said that many people do not know how difficult the design and does not appreciate the stages of design of the house and is keen not to pay high amounts to come out with a professional design and distinctive includes all the necessary details.
This is a fundamental reason for the poor façade in our urban environment.
This is indicating the need to take into account the needs of the family and its various wishes, because any change during the construction will be very expensive.
Akbar said that house design prices vary according to several factors including design quality, degree of detail, number of paintings required in the project and size of the house to be designed.
As prices rise and decrease according to the size of engineering offices Large offices have administrative expenses increase the cost of design fee.
He pointed out that the different areas of jobs in the house is to control the calculation of the cost of construction.
He gave the largest number of tips to reduce the cost of design, including reducing the areas of corridors, reducing the plumbing extensions by putting the bathrooms and the kitchen back to back and above each other, avoiding high ceilings in order to reduce bone scanning and finishing, as well as the volume of air conditioning.
In conclusion, the guest speaker was honored with a memorial plaque.
Asharqia Chamber celebrates the golden Jubilee of Al-Eqtisad magazine today
25/03/2019
Under the patronage of Prince Saud bin Nayef, Asharqia Chamber celebrates the golden Jubilee of Al-Eqtisad magazine today.
Al-Khalidi: Celebrating the launch of "Al-Eqtisad" is a raise of the value of pride in our national achievements and the confirmation of our ability to creativity.
We commend His Highness the Prince of the Eastern Region for supporting the Chamber's activities and sponsorship of its media outlets
Asharqia Chamber is keen to create the best atmosphere for the role of economic media in the service of the national economy
We say: "Thank you" to all those who contributed to the construction of Asharqia Chamber and those who contributed to the development of practical tools and information
On Tuesday March 26th, 2019, His Royal Highness Prince Saud Bin Nayef bin Abdulaziz, Governor of the Eastern Region, will patronize the celebration of the 50th anniversary of the publication of Al-Eqtisad magazine that is published by Asharqia Chamber, in the framework of a wide celebration activity, during which the heads of the board of directors of the chamber and the supporters of the magazine and the presidents who have been managing and editing the magazine for the past five decades.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the celebration of the launch of Al-Eqtisad magazine, which was issued by the Chamber 50 years ago, is a celebration of "one of our national achievements that is proud and emphasizes the ability of our country and our children to innovate in all areas, including the media."
He pointed to the distinguished role of the chamber in the field of interest in economic information in particular, and to many of the activities and large activities established by the Chamber and still keen to establish in this area, especially seminars and forums at the national, Gulf and Arab levels.
Al-Khalidi added, "The Chamber has been keen to play its role in creating the best atmosphere for the performance of economic media in a way that serves the national economy and participates in the development of the environment of the business sector and the private sector, and the development of institutions and companies men and women business in the eastern region."
He said, "At the same time, we all bear the responsibility to maintain this achievement and continue as much effort and energy."
Al-Khalidi explained that Al-Eqtisad magazine "economy", with the testimony of many of its followers and the total activity of the economic media specialist, is one of the outstanding magazines in the field of work that has lived during fifty years all the booms of the Saudi national economy, stood in the challenges faced and highlighted the implications of the phenomenon.
It read between the lines and preceded the events, as it was the best monitor of the features of the advancement of civilization in the Kingdom, and expressed between the pages, relying on their own potential, and qualified human capabilities.
Al-Khalidi said, "Al-Eqtisad magazine, which we celebrate today five decades, continues to rise to the top of the pyramid in the world of economics and business publications, despite the storms of challenges and obstacles of stages and the withdrawal of obstacles. It stood and painted its own lines of policies. It has achieved success perseverance and built bridges that accumulate knowledge, information, sources, experiences and relationships with all in a product resonant to the taste of readers and respects the diversity of their walks and trends."
Al-Khalidi added that Al-Eqtisad is in its professional life had a wide range of specialized publications.
It has also faced challenges posed by the nature of the stages and has recorded a satiety in content and neutrality in the proposition, except for the issues of the homeland, they are biased in a complete and unquestionable bias.
The President of Asharqia Chamber said that Al-Eqtisad has always characterized the ovality of the proposal and diversity and expansion of themes.
He pointed out that it is not without a number of numbers without shedding the spotlight on the scene as a whole and then dive into the details of the event in its detailed manifestations and its impact on the sectors of "trade" and "investment" and "business" and "industry" and other activities.
He pointed out that despite its comprehensiveness, Al-Eqtisad has always maintained the specificity of its relationship with the local Eastern community in the axis of the most important axes of its performance, which is the private sector and its contributions to development, thus seeking to maintain a delicate balance in the linkage between the business sector and its components in the Eastern region and its interactions and national economic mobility.
On the occasion of the ceremony, Al-Khalidi said, "In this important occasion, we say "Thank you" to those who contributed to the construction of this entity, Asharqia Chamber, and those who worked hard to develop its practical tools, including Al-Eqtisad Magazine, namely, the chairmen of Asharqia Chamber as well as the editors of the magazine.
At the end of his statement, Al-Khalidi paid tribute to His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, by saying, "We have returned His Highness the honorable to honor all events organized by Asharqia Chamber, and this confirms beyond doubt that we are all in one line with the leadership of this country, as we are riding the road of development and progress; 'together we work for a better tomorrow'."
The ceremony, which held at the headquarter of the Chamber in Dammam, witnessed the presence of media and economic sectors, with the participation of a number of businessmen, as well as representatives of the Ministry of Information, the Saudi Press Agency, and representatives of all local media.
The latest trends and best practices in corporate governance at the Governance Forum in April
25/03/2019
In an effort to uncover the latest trends and best practices in family business governance, Asharqia Chamber in cooperation with the Institute of Directors in the GCC countries will hold Forum on Corporate Governance in Family Businesses under the title "Latest Trends and Best Practices" under the patronage of the Minister of Commerce and Investment, Dr. Majid Al-Qasabi, at the headquarter of the Chamber on Wednesday, April 10 from 9am to 3pm.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that this year's Forum will highlight the latest trends and best practices in family business governance and the services provided by the National Center for Family Establishments and the Ministry of Commerce's guide for family businesses, the legal and family aspects and the family charter and plan succession of generations and other topics related to the continuity and sustainability of family businesses, as well as the results of the PwC survey on family businesses in the Middle East and the world.
Al-Khalidi pointed out that the Forum comes at a time when the government is making great efforts and decisions in order to strengthen the continuity of family business.
He pointed to the large area occupied by family businesses in the national economy, both in terms of production or operation.
There are ambitious expectations that, with the launch of Vision 2030, family businesses will reach a wider prospect in the national economy.
Al-Khalidi said that the meeting of the year is an update to the previous years, whether on the transformation and the governance of family businesses.
He pointed out that it is a message that the Chamber is keen to direct to businessmen from family business owners the importance of applying the rules and procedures of good governance, in addition to identifying the views of experts from home and abroad regarding the application of governance procedures and succession of generations.
Al-Khalidi explained that the Forum, through hosting many experts in the fields of corporate governance and family businesses, is trying to discuss a list of issues and challenges facing the continuity of family business by focusing on a number of topics that are seen as obstacles to family businesses accompanied by a set of treatments.
He called on the different business owners to attend and benefit from existing experiences.
The media and business sectors are in the celebration of Asharqia Chamber of the Golden Jubilee of Al-Eqtisad magazine
25/03/2019
Under the patronage and honor of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, Asharqia Chamber will held celebrating the 50th anniversary of the launch of Al-eqtisad magazine on Tuesday 26 March 2019.
Many of the pioneers of the media sector in the Kingdom and businessmen in various categories as well as representatives of a number of government departments involved in media activity will be attending this celebration.
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that the ceremony will be held at the headquarter of the Chamber, where a large number of journalists from the Kingdom will take part among prominent presidents, editors and journalists in various fields.
He pointed out that the ceremony will witness the honor of editors who have been supervising the magazine for the past 50 years.
Al-Khalidi pays great tribute to the patronage of His Royal Highness Prince Saud Bin Naif bin Abdulaziz, Prince of the Eastern Region, of the ceremony and considered it a gesture that worthy of continued bidding for the service of the national economy and this giving country.
He said that the patronage of His Highness confirms his keenness to support the private sector and take care of all its activities.
It comes at the same time about the general economic policy of the country to support the role of this sector and its projects and to emphasize its vitality and effectiveness in the overall development movement.
Al-Khalidi added that the magazine has adopted over the past five decades a specialized economic information message through which it sought to support successive development plans.
He pointed out that the magazine through a number of qualified and distinct competencies worked and will continue to work to monitor and highlight the broad hopes to lead the country in the economic field and discuss the important issues in all neutrality and objectivity through which awareness of local and non-local economic issues and affairs is being promoted.
Al-Khalidi pointed out that the magazine is a true supporter of the private sector and its role in meeting the requirements of the Vision of the Kingdom of 2030, which was in the forefront of publications and media outlets in Saudi Arabia, which dealt with the monitoring and analysis of the Vision and explore its horizons and presentation to the public through believing that this Vision holds good for this country.
Al-Khalidi concluded that during the last 50 years, the magazine has been recorded the most important and most influential event in the national economy, including the oil boom and the launch of mega industrial projects in the Kingdom and in the Eastern region in particular.
It was a testament to all the historical and modern economic renaissance of the country.
Asharqia Chamber organizes the Eastern Region Business Forum next month
25/03/2019
Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz and in the presence and participation of His Excellency Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qasabi, Asharqia Chamber organized the " the Eastern Region Business Forum " on 17th April at the headquarter of the Chamber in Dammam.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the Forum will discuss a number of important topics that directly related to the business, including the legislation and regulations of electronic commerce and its impact on the retail sector due to the importance of e-commerce as it is the dominant language in the retail markets.
Al Khalidi added that the Forum will review the success stories of some prominent institutions in facing challenges and difficulties in order to exchange views on the solutions to these challenges and those difficulties.
Al-Khalidi said that the Forum will witness dialogue session with His Excellency Minister of Commerce and Investment Dr. Majid bin Abdullah Al Qasabi through which the concerns of workers in the commercial sector will be discussed, as well as finding visual solutions.
He pointed out that this Forum, which is one of the activities of the Commercial Committee in Asharqia Chamber, is part of the Chamber's mission to develop business activity through opening up further prospects for the private sector and searching for solutions to the difficulties facing this sector.
He pointed out that a great preparation by the Scientific Committee of the Forum, as it selected a number of experts and speakers who have experience, knowledge and experience in the field.
He expected that the Forum would be another addition to the business activity in the Eastern region.
Al-Khalidi also paid tribute to His Highness the Prince of the Eastern Region for sponsoring the activities of this Forum, and for the Minister of Commerce and Investment to interact with the forum and participate in one of its meetings.
Specialist: Dealing positively with the stubborn child makes him a leader in the future
25/03/2019
On Wednesday 20 March 2019, Asharqia Chamber, represented by the Center for Businesswomen, in collaboration with the Fekr Training Center for Training organized a lecture entitled "Skills of dealing with stubborn child", which is hosted by the Chamber Branch in Al-Fanater District, Jubail Industrial.
The trainer, accredited by the International Academy for Training and Consultancy and a family and education consultant, Nawal Bint Mohammed Al-Dwayyan, talked about several topics including the possibility of understanding the child, how to deal with the status of stubbornness as an actual problem, strategies to protect the child and join him in the ranks of his parents, the use of quadruple peace to achieve a healthy relationship with the child, as well as ways to nourish stubbornness outside the family.
Al-Dwayyan during the lecture, which witnessed a significant presence of educators and interested individuals and specialists, confirmed that dealing positively with the stubborn child make him a star and leader in the future.
She noted that the parents' care in dealing with their children can change the child's path to be a model proud of.
In conclusion, Nawal Al-Dwayyan was honored.
114 enterprises in different sectors were financed by "Waed" with more than $ 112 million
25/03/2019
Asharqia Chamber and in cooperation with the Aramco Center for Entrepreneurship (Waed) held an awareness workshop on the program at the Chamber's headquarter on Thursday 21 March 2019, with the presence of the Director of Loans Department at the Center, Mazen bin Abdullah Al-Asnaj.
The Chamber's board member Ibrahim bin Mohammed al-Sheikh, the Chairman of the Industry and Energy Committee, said that the workshop aims at introducing the role of the program in supporting and developing local content through enabling entrepreneurs to establish and expand their enterprises through various financing and training programs.
Al-Shaikh said that the programs of supporting and motivating entrepreneurship are witnessing great interest by the wise leadership, which placed it at the top of the objectives of Vision 2030, which represented a new starting point in the development and sustainability of the national economy and encouraged the launching and support of programs of all kinds.
Al-Shaikh noted that Waed program, which was launched by Aramco for more than eight years to encourage entrepreneurship among individuals and support local investors, comes in line with our national options towards a diversified economy based on knowledge and depends on innovation and technology.
Therefore, Asharqia Chamber holds this workshop, in cooperation with the program (Waed), because it recognizes the importance of raising the awareness of the business sector from the people of the region with the programs it provides, whether those related to financing or incubation and business development.
For his part, Al-Asanj said that Aramco launched in 2011 "Waed initiative" after realizing the urgent need to three things: the first is to focus on projects of a technical and innovative, where it will turn the creative ideas into successful projects benefiting from the expertise of Saudi Aramco in this area.
The second is to diversify the national economy by supporting high value-added projects in different and new sectors.
He added, "we seek to create sustainable, scalable small and medium sized enterprises, create an environment conducive to innovation and creativity."
The third is to develop the entrepreneurial environment to motivate young men and women to enter the field and become successful entrepreneurs through providing them with services that promote entrepreneurship.
He pointed out that the characteristics of the projects supported by Waed are projects that provide a large number of lucrative employment opportunities for young people, which is based on creative and innovative ideas, and projects interested in localization of industries that decreased our dependence on imports, projects that transfer knowledge and technology to our country, projects in support of developing regions in the Kingdom, or those interested in economic diversification.
Al-Asnaj said that Waed has prepared the funding for 114 establishments in various sectors such as information technology, vocational and health education, and other service and industrial fields. The volume of this funding was more than $ 112 million.
He pointed out that these facilities and other facilities that will be funded later will contribute positively to increase the value added of the national economy.
These facilities are expected to contribute more than 2,000 unique job opportunities for the young people of this country.
In our early years, we focused on the Eastern Region, and then will be expanded to the rest of the Kingdom such as Khamis Mushait, Asir, Jouf, Jizan and Hail.
The program also supported 50 industrial projects and industrial service facilities.
The workshop comes within the framework of the joint efforts between Asharqia Chamber and Aramco Center for Entrepreneurship (Waed) in order to raise the awareness of the business sector in the region with the programs offered by the Center and ways to communicate with him.
In conclusion, Al-Sheikh, honored the guest speaker, Al-Asanj, with a commemorative shield.
Prince of the Eastern Province patronizes Khafji Investment Forum
19/03/2019
The Prince of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, patronizes Khafji Investment Forum that is organized by Asharqia Chamber and in a strategic partnership with Aramco Gulf Business in April.
For his part, the Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the patronage of the Amir of the region.
He stressed that it represents a great supporter of the continuation of the activities of the Chamber at the level of excellence, which is reflected on its performance in the organization of economic and community events.
The Chairman of the Board of Directors of Asharqia Chamber of Eastern Province on the leading role provided by Aramco Gulf Business Khafji for the private sector and the community in Khafji and support for all the growth and development of Khafji, in addition to the company's positive participation of all social events of the people of the province.
Al-Khalidi stressed that the Forum aims to highlight the role of the province of Khafji in achieving the Vision of the Kingdom 2030 through strengthening the role of the private sector as a partner in the national economy and attracting investments to Khafji governorate to maximize the benefits of the governorate's competitive advantages.
Al-Khalidi said that the Forum seeks to identify investment opportunities and attract investment to the province of Khafji.
It also works to educate the private sector on the most important areas of investment in Khafji and enable it to make optimal use of the opportunities and comparative advantages of this governorate, in addition to hosting officials and specialists to discuss ways and mechanisms to overcome the challenges facing investment.
Al-Khalidi said that the province of Khafji enjoys several advantages between the cities of the region in terms of investment and geographical location link between the Gulf Countries, where it has many investment opportunities in a number of economic activities.
He pointed out that the Forum will highlight through the participants on the most important investment opportunities that the business sector can work on, considering that Khafji is fertile ground for investment.
Khafji is considered one of the most important oil regions in the Gulf with a capacity of about 300,000 barrels of oil.
Khafji's reserves of crude oil are estimated at 60 billion barrels.
The governorate also has an unexploited natural gas reserve of 25 billion cubic meters.
The Eastern Region’s Shopping Festival continues its exciting activities and draws for visitors and shoppers
19/03/2019
The Eastern Festival of Shopping, which is organized by Asharqia Chamber as a part of the "the Eastern Region's Season 2019", continued its activities, its cultural, entertainment programs, its wonderful activities and its attractive draws that valued at hundreds of thousands of riyals as prizes for visitors and shoppers.
The festival, which runs until March 30, includes theatrical performances and entertainment games and contains a traditional corners that mimics the history of the eastern region through highlighting its historical role-spanning thousands of years, as well as showing its modern features, which took place in front of the eyes of visitors to the region from home and abroad.
It is a meeting place for the Saudi family and visitors to the region that is providing fun for shopping and entertainment.
On Saturday and Monday draws on prizes worth about 200 thousand Saudi riyals have seen in Al-Rashed Mall in Khobar and the Galleria Mall in Jubail, while the third draw will be held on Wednesday at Dhahran Mall.
The draw continues with hundreds of valuable prizes until the end of the festival by registering those wishing to win on the festival's website.
Since the launch of the festival on Thursday (March 14th), shoppers have been enjoying discounts from many brands and other malls, restaurants, cafes and resorts, as shoppers considered it as an opportunity to buy and shop under these cuts.
The Eastern Festival of Shopping is one of the largest shopping festivals, which is organized by Asharqia Chamber under the umbrella of the initiative of Saudi Seasons 2019, which is held in a number of major commercial malls in the region and includes a lot of discounts and promotions.
Since the start of the festival, a large number of visitors and shoppers enjoy the special offers and events, especially those provided to children in the Child's Garden, which will move to the Darin Mall in Dammam this weekend and show the features of the Eastern Region to introduce to the new generations.
It is one of the best destinations to explore, especially for heritage enthusiasts, at Daren Mall, as visitors can enjoy the historic Darin Port, which was one of the most important ports of ancient trade for transporting goods and spices from India and a ship and boat terminal.
In the festival, there are discounts offered by the shops there in AlShatie and Al-Rashid Malls, to enjoy energy shows and a Children's Park.
The shopping festival is characterized by the diversity of its activities, which highlight the character of the Eastern Region and reflect its authenticity and culture throughout history and emphasizes the national identity and its consolidation among future generations.
On the other hand, it offers unprecedented discounts and offers on hundreds of brands, fashion houses and family items.
In addition, families enjoy the entertainment, shows and targeted programs by touring in the Malls and events.
Asharqia Chamber honors former councilors at the Golden Jubilee of AlEqtisad magazine
19/03/2019
On the sidelines of the celebration of Asharqia Chamber's fifty years since the publication of the AlEqtisad magazine, which will be held on Tuesday 26 March 2019, the Chamber intends to implement a program to honor a number of personalities who served the business sector in general and Asharqia Chamber in particular by presiding over the previous Boards of Directors of the Chamber over the past 67 years.
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that one of the "values" that are adopted by Asharqia Chamber is "appreciation."
Therefore, the Chamber, through the celebration of AlEqtisad magazine, intends to honor the heads of the former Board of Directors in Asharqia Chamber (members of the Councils and their employees), who are credited with the achievements of Asharqia Chamber throughout its long history.
He explained that the Chamber is had different chiarmem of its Board of Directors (Hamad Bin Ahmed Al Gosaibi, Ibrahim bin Saleh Al-Attas, Saad bin Mohammed Al-Mujal, Hamad bin Abdullah Al Zamil, Khalid bin Abdullah Al Zamil, Abdulrahman bin Rashid Al Rashed, Abdulrahman bin Saleh Al-Otishan).
Al-Khalidi said that this constellation of entrepreneurs, whether they moved to the mercy of God or those who are still playing their roles in the service of the homeland, had an influential and pivotal role not only in supporting the Eastern Region's community and the business sector in the region, but, in terms of supporting the investment movement and the Saudi economy.
The ceremony, which will be held at the headquarter of Asharqia Chamber, will be honoring the editors of the former directors of AlEqtisad magazine, who showed efforts to present this distinctive print, which has the leadership and the precedent in the direction of the specialized economic media.
The first advertiser will be honored in addition to the sponsors and supporters of the event.
The Eastern Region Shopping Festival draws out and offers prizes of SR100,000 in its first day
19/03/2019
On Saturday, March 16, the first day of the prize draws at the shopping festival was started, at Al-Rashed Mall in Khobar, which is organized by Asharqia Chamber in the activities of « The Eastern Season 2019» that will continue. until March 30.
It includes hundreds of shops, malls, shopping centers, restaurants, hotels and resorts that are offering a range of special offers and special discounts.
The draw was made during the first day on prizes worth 100 thousand riyals, as other draws during the next two weeks will be announced following the social networking sites of the Festival and the Chamber,
Drawings will continue on thousands of prizes through automated, up-to-date and direct technology as shoppers visit the festival venues after registering on the e-shopping festival website.
Asharqia Chamber has announced through its accounts on the social networking sites the registration link to win thousands of valuable prizes throughout the festival by giving the largest possible number of individuals to register in various daily draws and value, with the aim of bringing joy and happiness to the residents and visitors of the Eastern Region in support of the internal tourism enjoyed by the region.
The shopping festival, which Asharqia Chamber is part of it this year, is characterized by the diversity of its activities, which highlight the character of the Eastern Region, reflect its authenticity and culture throughout history and emphasizes national identity and consolidation among future generations.
It also offers discounts and unique and unprecedented to hundreds of brands, fashion houses and family items.
The festival allowed shoppers from the region and its visitors from home and abroad to take advantage of discounts on hundreds of brands that have launched their discounts since the first day of the festival and will continue until the end of this month, which many shoppers saw as an opportunity to buy, shop and acquire high-priced brands under these extraordinary discounts.
The Eastern Region Shopping Festival continues to offer its masterpieces of unique events and valuable prizes to shoppers throughout its duration through withdrawals held in the major Malls and continue withdrawals until the end of the month.
Asharqia Chamber launches the Forum of Governance in Family Businesses in April
19/03/2019
On April 10th, Asharqia Chamber in cooperation with the Institute of Directors in the GCC will launch "Governance Forum in Family Businesses" under the patronage of the Minister of Commerce and Investment Dr. Majid Al-Qasabi, in the presence of a group of international and local experts specializing in corporate governance and sustainability of family businesses.
The head of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that the forum comes at a time when the Kingdom is making great efforts to strengthen the continuity of family business because these works occupy a large area in the national economy and its capabilities to absorb many national labor forces.
Al-Khalidi explained that the Forum will discuss a number of topics that are important to institutionalize family businesses, including the latest trends and best practices in family business governance.
It will be highlighted the factors of its continuity and the challenges it faces both legal and family, family charter and a succession plan, and other topics that revolve around family businesses and mechanisms of continuity across generations.
Al-Khalidi pointed to the vitality of the Forum's theme at the local and regional levels that works as an added update to the Chamber's constant discussion about family businesses and the importance of their sustainability.
He pointed out that it is a message that the Chamber is keen to direct to the owners of family businesses the importance of the application of rules and procedures of governance, in addition to providing them with successful experiences in implementing governance procedures and sequencing generations, as well as raising awareness of the challenges they may face in the future.
Al-Khalidi stressed that governance is at the top of the factors of achieving safe transformation, and that the best solution for their sustainability lies in the application of governance procedures, which depends in large part on education and awareness.
He pointed out the importance of the Chamber's attention on this aspect by launching the Family Newsletter "Aelya", which is a specialized family business newsletter, launched by Asharqia Chamber on a regular basis to highlight the most important events and events related to the interactions, in addition to its interest in presenting the successful experiences of local or international family businesses that have been able to move smoothly through generations.
He added that the Chamber sought to intensify the advisory programs in cooperation with local and international expertise houses, as a family business consulting program, which offers its services free of charge to subscribers of family business owners, and has achieved remarkable successes in providing a road map for many companies towards safe transformation and good governance.
Asharqia Chamber launches the Shopping Festival on Thursday with the participation of major shops and brands
14/03/2019
Within the activities «The Eastern Province's Season 2019»
Asharqia Chamber launches the Shopping Festival on Thursday with the participation of major shops and brands
A variety of activities for families and children in Al-Rashid, Darin and Alshatie Malls
On Thursday, March 14, 2019, the first days of the Shopping Festival will start, which is organized by Asharqia Chamber within " The Eastern Province's Season 2019" and it will continue until Saturday, March 30.
It will receive its visitors with many discounts, events, entertainment and unique and diverse programs.
The festival includes many stores, brands, fashion and fashion houses, family stores, and malls, as well as restaurants, cafes, hotels and resorts, as they all will be offering exceptional offers and discounts, providing families with the opportunity to enjoy a variety of great deals in their favorite shopping destinations and brand outlets.
The Shopping Festival is part of the " The Eastern Province's Season 2019," as it is the first season of the (11) Saudi seasons for the year 2019, which will be launched in various regions of the Kingdom within the program of quality of life 2020, which aimed at improving the quality of life of individuals and achieving balanced life, which in turn contributes to the economic movement and its role in society.
The program includes projects and services that will create more employment opportunities in front of national labor and increase investment opportunities.
The Shopping Festival is one of the most important events hosted by the Eastern Region during the Eastern Season, especially as it was designed to be the first destination for everyone from inside and outside the region, where everyone will have shopping discounts and entertainment including theatrical performances and elements of heritage and interactive and dazzling and reflective of the culture and authenticity of the Eastern Region.
The shopping festival features many unique and varied shopping opportunities and fun and interesting offers for the entire family, as well as several opportunities for shoppers to win valuable prizes throughout the festival days and wonderful surprises every weekend, as about forty gift will be distributed to children daily, and other events and surprises.
The festival will be held in Al-Rashid, Darin and Alshatie Malls, as the three Malls will have gardens and children's park, which mimic the features of the Eastern Region.
In Al-Rashid and Darin Malls, there will be heritage and cultural corners and energy corner as well.
The four pillars of the festival will shed the light on the Eastern Region and its ancient and modern landmarks "the port of Darin" that embodies the status of the historical port and gives the different segments of the public an overview of the port and how it was one of the most important economic outlets for the transport of goods and spices from India previously, as well as the virtual reality corner, which will address the history of oil in the Kingdom and the beginnings of extraction.
Entrepreneurship and Innovation are in an open meeting next week at the Businesswomen's Council of Asharqia Chamber
14/03/2019
On Monday 18 March 2019, the Executive Council of Asharqia Businesswomen Center in cooperation with the General Authority for Small and Medium Enterprises will hold an extensive meeting on entrepreneurship, innovation and their importance for business leaders at the headquarter of the Chamber at 6 pm.
The meeting aims at educating business leaders about the importance of innovation and introducing creative ideas with regard to new projects that enhance their presence in the local market or introduce different mechanisms and steps that will improve the performance of their existing companies.
The meeting highlights the concepts of entrepreneurship and innovation and their importance for business leaders, and their role in achieving the achievements of women in the field of business and finance.
The Chairman of the Executive Council of Businesswomen in Asharqia Chamber, Maram Bint Saeed Al Jishi, said that the meeting comes within the activities and programs of the Council for the current year, as it discusses a number of topics of interest to women entrepreneurs in the current period, such as the business environment in the Kingdom and its suitability for women under the umbrella of Vision 2030, the importance of innovation and creativity in entrepreneurship, and the role that creative leadership can play in achieving a successful business process, and other related issues with project financing such as when does the entrepreneur start looking for funding?
She pointed out that the meeting will include a presentation of distinctive experiences of business leaders who have created innovative projects and programs by introducing new and innovative elements in the world of finance and business, as they worked on developing their projects and finding successful solutions to societal challenges.
"Sadara" offers more than 20 investment opportunities to investors ranging from US $ 50 million to US $ 500 million
13/03/2019
Within Tasheel program held by Asharqia Chamber yesterday: "Sadara" offers more than 20 investment opportunities to investors ranging from US $ 50 million to US $ 500 million.
Al-Khalidi: The program aims at activating the investment movement through achieving direct communication between the company and the business sector.
Al-fakeer: The company plays its role in adding a new series of added values to the manufacturing industries.
The meeting was attended by Eng. Hussain bin Issa Al Quraishi, Senior Officer of Chemical Industries Investments at the Pluskim Industrial Complex, Engineer Mohammed Bin Saleh Al Zahrani, Director of Industrial Investment Development at Royal Commission for Jubail City, and Anwar Fakhir Al Harz, Director of Investors' Accounts and Consultancy at the General Authority for Investment.
The company «Sadara» chemicals offers more than 20 investment opportunities to local investors, as the size of the investment opportunity range between 50 million to 500 million dollars, which was announced during Tasheel program at its fifth session, which is one of the initiatives of Asharqia Chamber of Business in supporting the region that was held at its headquarter on Tuesday March 12, 2019.
For his part, the Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that the program aims at activating the investment movement in the region by achieving direct communication between the company and the business sector of local manufacturers and traders in the Eastern Province.
He pointed to the importance of the program, which comes from the fact that it enriches the economic movement in the region with more investment opportunities for the business sector, especially the owners of small and medium enterprises, which is in line with the goals and aspirations of the Vision of the Kingdom 2030, which was launched to diversify the base of the national economy and increase national non-oil investments and the resettlement of supporting industries.
Al-Khalidi pointed out that Asharqia Chamber seeks to launch the fifth session of the program «Tasheel» by believing in the ability of local investors to engage in the implementation of the work of these major companies according to its required standards, and meet the aspirations of the business sector through providing innovative services and innovative tools that will stimulate investment, and ensuring sustainable development and growth through optimal investment of available resources.
Al-Khalidi pointed out that Sadara, which is the largest integrated chemical complex in the world to be built in one phase, presents their investment opportunities to local investors in addition to the statement of procedures in the registration and qualification of suppliers.
It also held direct meetings with local companies and factories, which represents strong support for the investment movement in the eastern region and aims at the goal of our country from the settlement of industries of all kinds,
He said, "We hope that this session of the program will contribute to increasing the rate of economic movement in the region."
The CEO of Sadara Chemicals Company, Dr. Faisal bin Mohammed Al Fakeer, said that the company is currently the largest foreign investment in the petrochemical industry in the Kingdom.
Its largest chemical complex, the world's largest integrated one-phase complex, is expected to produce more than three million metric tons per year of high-value chemical and plastic products.
The success of the company in the safe operation of its entire 26 chemical compound plants is just the beginning of its journey to put its distinctive mark on the map of the chemical industries in the Kingdom and the world.
He added that this strategic objective is already underway in October 2011 when the agreement was signed by the two leading companies, Saudi Aramco and Dow Chemical, where they shared values and vision converged to achieve this strategic objective.
He explained that the complex will contribute significantly to support the industrial and economic diversification in the Kingdom by providing many investment opportunities in the manufacturing industries in the complex of chemical and transfer industries "Pluskim" adjacent to the complex in the city of Jubail Industrial II, which will attracting more foreign and domestic investments to the Kingdom by creating thousands of distinct jobs for citizens.
It is a leader in the addition of a new series of added value to manufacturing industries.
Fourteen of its 26 factories offer products that are manufactured for the first time in Saudi Arabia.
For example, Sadara established the first factories in the Kingdom were established to produce isocyanates and polyurethanes (polyurethanes), which will contribute to the manufacture of many products do not currently exist in the Kingdom or are only available through the importation of the raw materials necessary for their manufacture.
Al-Fakeer said that the success process could only have continued with the integration and cooperation of all parties including the Royal Commission for Jubail and Yanbu, which did not spare any effort to reach Jubail Industrial City to be among the best industrial cities in the world, and help in the development of the complex of chemical and transformational industries "Pluskim", which provides the advantage of easy access to raw materials from industries in the industrial city, and provide them with a strong infrastructure, which is equipped according to international standards.
I would also like to pay tribute to the great role played by all other relevant governmental bodies, including the General Authority for Investment and the Saudi Industrial Development Fund, in addition to the great efforts they are making to create a stimulating and sustainable investment environment to contribute effectively to support the industrial and economic diversity in the Kingdom, and to provide services and facilities for investors to improve the investment climate in the Kingdom.
For his part, a member of the Board of Directors and the Chairman of the Industry and Energy Committee, Ibrahim bin Mohammed Al-Sheikh, said that the Chamber launched in mid-April 2017 its program «Tasheel» to keep pace with the Vision of the Kingdom 2030 to stimulate domestic investment and enhance its role in the national economy in order to complement the Chamber's contribution to the business sector in the Eastern Region by enabling local producers and suppliers to explore investment opportunities in major strategic companies.
Al-Shaikh affirmed that the meeting of the company is a continuation of the vision and message of the program «Tasheel » in enhancing the opportunities of the local component of strategic projects by offering the procurement and supply opportunities between the two parties of the national investment, the large companies by the business sector on the other hand and then facilitate the procedures of direct contracting between them.
In conclusion, the Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the CEO of Sadara Chemicals Company, Faisal bin Mohammed Al Fakeer, with a memorial shield.
Al-Khalidi also honored a commemorative shield from Al-Fakeer.
The Logistics Committee reviews its future activities to develop the sector's work mechanism
12/03/2019
The Logistics Committee of Asharqia Chamber reviewed the most prominent activities that it intends to implement during the second quarter of 2019 at its seventh meeting, which was chaired by the Vice-Chairman of the Committee Mohamed Al-Anzi, on Monday, 11 March 2019 at the headquarter of the Chamber.
The meeting discussed a number of the Committee's programs that aimed at supporting the business sector in the field of logistics, as well as initiatives that will provide real solutions to the challenges facing the sector.
The meeting also discussed the program of field visits to a number of officials, specialists and relevant departments in the framework of strengthening cooperation and partnership to provide support to the sector and the development of the work mechanism.
Asharqia Chamber organizes the program (Balconies: talks about the development) next Tuesday
12/03/2019
Asharqia Chamber, represented by the Real Estate Development Committee, will organized the program (Balconies: talks about the modern development) on Tuesday, 19 March 2019 at the headquarter of the Chamber in Dammam at 10 am.
The head of the Committee, Engineer Hamed bin Hamri, said that the program comes within the activities of the Committee by hosting Chief Executive Officer of Watheeq Financial Services, Ibrahim bin Mohammed Al-Alwan, in the extended meeting at 12.30 pm, as the guest speaks about real estate investment funds and their role in the development of real estate and housing sectors.
Jubail Business Council reviews its programs in the second quarter of 2019
12/03/2019
The Business Council of Asharqia Chamber's branch in Jubail Governorate held its fifth meeting, which is chaired by Fahd bin Abdulrahman Al-Mashal, at the branch's headquarter on Sunday 10 March 2019.
During the meeting, a number of programs and activities within the plan of the Council during the coming period were reviewed.
The meeting discussed a number of topics for a number of activities that the Council intends to undertake during the coming period for the year 2019 to serve the business sector in the province.
Al-Mashal stressed that the Council is working to follow up everything related to the business sector in Jubail in order to develop the mechanism of work in it and serve the development side of the province.
He explained that the Council is in the process of implementing a plan for visits to a number of officials and specialists to discuss the challenges and review a number of initiatives, which contribute to the diversity of services in the province and emphasizes the continuation of the business sector for its development role in Jubail.
The prince of the Eastern Region sponsors a concert that would be organized by Asharqia Chamber on the occasion of “the golden Jubilee" of Al-Eqtisad magazine
10/03/2019
His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Prince of the Eastern Region, will patron a celebration that held by Asharqia Chamber on Tuesday 26 March 2019, on the occasion of the 50th anniversary of the launch of AlEqtisad magazine, with the participation of a number of businessmen, businesswomen and intellectuals at the headquarter of the Chamber in Dammam.
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that AlEqtisad magazine of the Chamber represents the reality of growth and development in the economic media discourse.
He stressed that this magazine carried over five decades of the Chamber's mission to serve the private sector and contribute to the development of the investment environment in the Kingdom in general and the Eastern region in particular.
It is, therefore, an information and cultural project that has always supported the role of the business sector in terms of comprehensive national development.
He pointed out that this celebration is a tribute to the efforts made over the past 50 years to express thanks and appreciation to all those who contributed to achieving this achievement, which serves the economic and media arena alike.
Al-Khalidi valued Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Region, for sponsoring the ceremony by saying, "this patronage from His Highness affirms beyond doubt His Highness's keenness to support the activity of the business sector and to sponsor all the activities that it carries out."
He added that this patronage is a generous "gesture" by His Highness for this achievement, as it is a reason for us and those who maintain this magazine to continue to give and work to serve the national economy and the service of this country giving.
Al-Khalidi added that the magazine adopted over the past five decades a specialized economic information message through which it sought to support the development plans and economic renaissance.
The magazine, through many qualified and distinguished talents, is working to monitor and highlight the broad hopes of leading the country in the economic field, and to discuss important issues in a neutral and objective manner through which awareness of local and non-local economic issues and affairs is raised.
Al-Khalidi pointed out that the magazine is currently a real supporter of the private sector in order to meet the requirements of Vision 2030, which was in the forefront of publications and the media in Saudi Arabia in monitoring the details of the Vision and explore its horizons and display to the public,
"We are convinced that this Vision carries with it the overall good of this country, and that the image of the future embodied by this vision wise," he said.
Al-Khalidi concluded that the magazine has been in the past 50 years as it documented the most important and most influential events in the national economy, including the oil boom and the great achievements witnessed by our country during the last 50 years, the huge industrial projects in the Kingdom and in the Eastern Region in particular, as it saw all the merits of the modern economic renaissance at various levels.
Next Thursday, The Eastern Province is on the date with the first days of Shopping Festival 2019
10/03/2019
The Shopping Festival will be launched on Thursday, March 14, which is organized by Asharqia Chamber in the activities «The Eastern Season 2019», from March 14 to 30.
It comes as the first season of Saudi Arabia's 11 seasons in 2019, which will be launched in various regions of the Kingdom within the program of quality of life 2020, which is one of the most important programs of the Vision of the Kingdom of 2030 that aims to diversify the economic base and increase the attractiveness of the Kingdom tourism.
The "Saudi Seasons 2019" initiative includes (11) tourist season that are providing a recreational environment aims at consolidating the past, evoking the future and covering the majority of the regions and cities of the Kingdom, which has many cultural, tourist and heritage elements.
The Eastern Region receives the first of these seasons because of its distinctive cultural and tourist character and distinct between the regions of the Kingdom
The nature and originality of the area
The chairman of Asharqia chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that the Shopping Festival, which Asharqia Chamber contributed in it within the season of this year, is characterized by the diversity of its activities and events that stand out from the character of the Eastern Region, reflect its originality and culture throughout history and emphasizes the national identity and its consolidation among future generations.
On the other hand, it offers discounts and unprecedented and distinctive on many brands, fashion houses and family items.
Interactive places
The festival will be held in a number of major shopping malls in the region such as Al-Rashid Mall, Darin Mall and Al-Shatie Mall.
It includes the theater corner, which will be held in the three malls, which is a program of theatrical entertainment integrated, and includes theatrical performances and interesting and many of the children's daily gifts.
It also includes children's garden corner, which is also held in the three malls, which is an innovative and modern garden with its main features in the Eastern Region.
It includes interactive spaces related to the development of children's mental and artistic energy with specialized operators and a professional team for the organization of children's safety and security.
Port of musk and amber
The Heritage Center (Darin Harbor) will be held in both Al-Rashid and Darin Malls, which includes a sea heritage decor that is highlighting the originality and elegance of Darin Harbor, which was once called the port of Musk and Amber and dates back to pre-Greek times.
Skilled folk craftsmen in the heritage industries will also be hosted to be presented to the public and visitors.
Popular heritage groups will provide popular folklore every Friday, as well as heritage photography, through which the children are filmed with popular designs and heritage and delivered images on the same day, which helps the children to fully understand the culture of their region and its history.
Virtual Reality
Besides this, Energy Corner (VR) will be held in Al-Rashed and Darain Malls, which shows the short-lived virtual reality films that show the future generations how to extract oil and some other industrial processes associated with oil, as well as the screening of old films of Aramco Saudi Arabia, which strengthens the children's culture of production work and overload their knowledge of the history of the oil region.
The Development of investment in the Eastern Secretariat offers a number of opportunities to the Real Estate and Development Committee
10/03/2019
The Committee of Real Estate and Urban Development in Asharqia Chamber hosted the Director General of the General Department for Investment Development, Hamdan Al-Aradi, as he reviewed the importance of strengthening cooperation with the business sector to discuss the challenges and develop the mechanism of action in the real estate sector in the region.
Al-Aradi, during the meeting that held recently at the headquarter of the Chamber and managed by the Chairman of the Committee Engineer Hamid bin Hamri, reviewed a number of investment opportunities.
He noted that the region has a number of features, notably the large area enjoyed by the diversity of population, in addition to the advantages of tourist attractions and the distinction of investments and large projects as a major economic area.
Al-Aradi said that the administration is starting from its mission, which emphasizes the upgrading of investment management mechanisms, provides excellent services through planning investment programs, snd the application of best practices for international standards and contribute to the cultural renaissance of the eastern region.
Al-Aradi put forward a number of projects that will be part of partnerships with the private sector and will make a quantum leap for the region that are including a race track and a tourist village on the Half Moon Beach, a spectacular recreational project on the waterfront of the city of Khobar, smart containers, the establishment of a new garage "secondhand products" market with modern specifications, and smart parkings.
The Environment and Food Committee reviews its programs during the second quarter of the year
10/03/2019
The Environment and Food Committee of Asharqia Chamber, chaired by Talal bin Sultan AlRasheed, reviewed the most prominent programs of the Committee during the second quarter of this year, during the meeting of the Committee on Wednesday at the headquarter of the Chamber.
The meeting stressed the importance of awareness campaigns in the environment and food sector in particular and to highlight the necessary information in this area, and participate in events and activities that are concerned with this, most notably Environment Week, which is scheduled for late March.
Specialist emphasizes the importance of developing real estate endowments and achieving sustainability standards to improve lifestyle
07/03/2019
On Wednesday, March 6, 2019, Asharqia Chamber, represented by the Awqaf Committee, organized a workshop entitled, "Development of real estate endowments," which was managed by a member of the Board of Directors of the Chamber and Vice Chairman of the Endowment Committee Hamad bin Hamoud Al-Hammad.
A real estate specialist stressed the importance of introducing updates to the real estate sector through high quality and sustainable designs that work to create residential products that reduce costs in construction and maintenance and provide a high-level product in construction.
A specialist in engineering consultancy, Eng. Mathkar bin Daghash Al-Qahtani, said that there are a number of important procedural steps and practical work to achieve sustainability in the implementation of projects endowments and contribute to the establishment of endowments of high engineering quality.
He pointed out that the Kingdom is witnessing the launch of many programs within its Vision 2030 in order to achieve high-quality housing by monitoring building phases, minimizing potential risks, and achieving sustainable building standards to improve lifestyle.
Al-Qahtani said during the meeting, which was attended by a number of committee members, that the real estate endowment sector is witnessing an improvement in the geometric form and the building plans.
He stressed the need to work on the dissemination of this culture for the development of all charitable projects for the endowments, which reflects the importance of care to implement the housing with modern specifications that do not require a high budget in the implementation and ensure a healthy life and ideal for residents.
Al-Qahtani emphasized that one of the most important building conditions after the quality of life procedures is to achieve the goal and requirements and follow the procedures known when building as well as the use of materials and devices approved to ensure the correct result.
He pointed out that a number of buildings of the Awqaf sector with old designs that do not fit with the civilized form of modern cities and their designers overlook the importance of the shape of the facade of the building and finishing processes, as some even overlook the implementation of civil defense requirements and take into account climate and environmental change.
Al-Qatani concluded the workshop by talking about financial waste when building the project by saying that many projects are accompanied by waste of money if not reviewed designs, as some designs are entered by some errors, which can be a problem after the end of the project and cost the owners of large sums of money when building, and weakness when correcting those errors.
Hence, the designs must be reviewed by specialists and consultants to develop the work commensurate with the approved budget and the form of civilization and population expansion.
In conclusion, the member of the Board of Directors of the Chamber and Vice Chairman of the Endowment Committee Hamad bin Hamoud Al-Hammad honored the speaker in the workshop that is specialized in engineering consultancy, Eng. Mzher bin Daghash Al–Qahtani, with
a commemorative plaque.
Asharqia Chamber holds its General Assembly and confirms the continued fulfillment of the aspirations of the business sector
07/03/2019
On Tuesday March 5, 2019, Asharqia Chamber held the General Assembly for the fiscal year 2018, during which the Chairman of the Board, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, reviewed the Chamber's achievements, activities and services provided to over 80,000 business owners.
The Assembly witnessed the attendance of the Director General of the Ministry of Commerce and Investment Branch in the Eastern Province Abdulaziz Abdulrahman Al Khalidi, and deputy directors and members of the Board of Directors of the Chamber and a significant presence of the chamber's subscribers.
The chairman of the Chamber said that the Chamber has strengthened its efforts to continue to contribute to the development and prosperity that is in line with its mission to provide high quality services that meet the aspirations of the business sector and achieve the aspirations of participants and associates according to frameworks that simulate the development, professionalism, quality.
The Chamber has achieved many achievements in 2018, as it is one of the best years in terms of achievements, by continuing to launch initiatives, receive delegations and experts in various fields, establish forums and programs of their types and objectives, open doors of discussion and dialogue on various issues and topics related to the business sector and its role in the march of the national economy in accordance with a new strategy in line with the aspirations and objectives of the Vision of the Kingdom 2030.
Al-Khalidi revealed that last year witnessed the preparation of more than 60 researches and specialized working papers, as well as the issuance of more than 35 economic report on trade relations between the Kingdom and a number of countries.
It also presented about 18 topics representing the Chamber's views on various subjects and economic phenomena.
In terms of legal services and consultations, Al-Khalidi said that the number of beneficiaries of legal advice provided by the staff of the Chamber concerned about 472 beneficiaries, while the number of arbitration cases initiated by the Chamber were about 16 cases, including six cases.
The number of cases of commercial disputes were 29 cases, 18 cases of which were completed, while the number of cases of protest registered and ended were about 249 cases.
As for the services of Asharqia Chamber of Employment, Al-Khalidi said that the number of beneficiaries of the services of the center reached about 3963 trainees last year and trained with a number of training days amounted to about 316 days for 51 training activities.
Al-Khalidi said that in order to complete the Saudization Support System in 2018, the Chamber launched a national initiative to rehabilitate and train 3,000 citizens by qualifying them for 12 business activities.
The Chamber also organized 13 functional meetings in cooperation with a number of establishments.
The number of job applicants reached 3,360, who submitted about 2085 jobs with the participation of 18 companies.
In his speech, Al-Khalidi addressed the Chamber's services that aimed at supporting businesswomen in the region.
He pointed out that the Business Women's Center in the Chamber provided more than 233 information services during 2018, and about 130 consultants for small and medium enterprises and provide information about the procedures for those facilities and benefited 363 women.
While the number of lectures, seminars and workshops provided by the Center during the past year were about 18 activities benefiting 1176 women, in addition to providing 15 short and specialized training programs to help women entrepreneurs and productive families to start their projects, with 735 benefited women.
Al-Khalidi pointed out that Asharqia Chamber gave more attention to Small and Medium Enterprises during the past year, as it has held a number of events under different headings, including direct consultations, training programs, extensive meetings, various visits for young businessmen and businesswomen.
For example, the Small and Medium Enterprise Development Center provided about 560 consultants throughout the year from management, marketing, institutional and technical consultancy.
The Center also organized 35 programs for the small and medium enterprises sector in the region.
In addition, Asharqia Young Businessmen and Businesswomen Councils held many events and programs during 2018, including "my experience" program, "Tasheel" program, visits, "I Can" program and dialogue of entrepreneurs.
In addition, during the past year, the hand in hand initiative was launched as part of the initiatives of the Young Businessmen's Council to support business entrepreneurs.
Al-Khalidi said that during the past year the number of business Committees in the Chamber was about 16 committees that held 57 meetings, in addition to 56 working group meetings and 12 extensive meetings.
The number of lectures and workshops organized by the Committees sector were about 36 lectures and workshops, with 62 meetings and visits.
On the level of social responsibility, Al-Khalidi said that over the past year, Patients' Friends Committee has provided medical equipment and supplies worth more than 4 million riyals to about seven hospitals in the region.
The Chamber also organized several community and charitable activities, such as Awqaf and Social Responsibility Diwaniyya, as well as the annual blood donation campaign.
In order to develop the internal work environment of the Chamber and improve its human resources system, the Chamber held more than 17 training programs between the general and the specialized for 139 employees with a total number of training hours of 2600 hours, in addition to honoring 45 employees who have spent five years or more in the service of the Chamber, as well as the development of administrative and technical systems for the internal work environment, the quality certificate for information security has been renewed and the quality certificate for continuity of business has been renewed.
At the end of the Assembly's work, Al-Khalidi appreciated the great support of His Royal Highness Prince Saud Bin Naif bin Abdulaziz, Governor of the Eastern Region, for all the outputs of the Chamber and his keenness to sponsor the private sector and stand beside it.
He also thanked His Royal Highness Prince Ahmed Bin Fahd Bin Salman, Deputy Governor of the Eastern Region, who has always shown positive interaction with the Chamber's initiatives and programs.
He also acknowledged all the government departments and others, which have had outstanding contributions and fingerprints in many of the projects launched by the Chamber during the past year.
The CEO of Sadara stresses the importance of partnership with the business sector to carry out its business with high standards
06/03/2019
Asharqia Chamber held the Tuesday's monthly meeting of businessmen and businesswomen at its headquarters on Tuesday March 5, 2019, with the presence of the Chairman of the Board Abdul Hakim bin Hamad Al-Ammar Al-Khalidi.
The Chief Executive Officer of Sadara Chemicals Company, Dr. Faisal Bin Mohammed Al-Fakir, stressed the importance of partnership with the business sector with the company's keenness to carry out its work in accordance with high international standards through the Saudi investors.
He pointed out that the forefront was recently signed with local investors to strengthen its current trend to activate the manufacturing sector.
Al-Fakir said that Sadara is a joint venture between Saudi Aramco, the world's leading oil producer, and Dow Chemical, which is one of the world's leading chemical producers, in Jubail Industrial.
He pointed out that the lead contains 26 laboratories of the world-class integrated manufacturing plants, which produces more than 3 million tons per year of high value-added plastic and chemical products such as polyethylene, ethylene oxide, propylene oxide, glycol, amines, isocyanate and polyole.
Al-Faqir during the meeting, which was conducted by the Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabil and witnessed a significant presence of businessmen and interested individuals, emphasized that the local business sector is capable of carrying out the company's work by the required standards.
He pointed out that the company will strengthen its ties with its potential partners after the completion of the full operations recently.
Al-Faqir said during the meeting, which was attended by a number of Board members, that the company will provide many investment opportunities that the local investor can benefit from and attract expertise and partners to implement them, especially that the company has the largest chemical complex integrated in the world was built in one phase.
It consists of 26 world-class plants with a production capacity of over 3 million metric tons per year of high value-added plastic and chemical products.
The total investment of the project is about SR 75 billion, where it supports the industrial diversification in the Kingdom by expanding the creation of new investment opportunities in the field of manufacturing industries, production of isocyanates, polyols, polyurethanes and others.
Al-Faliker said that the Kingdom, through its ambitious 2030 Vision, supports the trend in manufacturing many products that do not currently exist in the Kingdom, as this will increase the task on the company.
In order to meet these ambitions and commitments, the company will be committed to strategic partnerships with local investors, who are able to implement the requirements and achieve the company's objectives for the coming period.
In conclusion, the Chairman of the Board Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the Chief Executive Officer of Sadara Chemicals Company, Faisal bin Mohammed al-Faqir, with a commemorative shield.
Asharqia Chamber launches its fifth session of “Tasheel” program next week
06/03/2019
The Chairman of the Board of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, reveals the preparations of the Chamber to launch its fifth session of the program «Tasheel» by hosting Sadara Chemical Company on Tuesday, 12 March 2019 in the headquarter of the Chamber in Dammam.
Al-Khalidi said that hosting the leading chemical company, Sadara, represents a unique alliance between two leading companies in their respective industrial fields, the Saudi Arabian Oil Company (Saudi Aramco), Dow Chemical (Dow) as a part of Tasheel program, which is a strong support for investment in the region and is consistent with national options in the localization of both industries and national capital.
He pointed out that this fifth session of the program will witness alongside the definition of the role and efforts of the company (Sadara Chemical Company) in the localization of industries and services.
There will be a comprehensive presentation on its products and investment opportunities in the industrial manufacturing Plus Kim complex in Jubail industrial area and all the opportunities available for investment, whether for procurement or manufacturing or other.
He pointed to the availability of a private recording room, which includes a suite of suites that allow business and local investors to register their data as potential suppliers.
He stressed the importance of the program as it comes in line with the Vision of the Kingdom of 2030 that aims to increase the dependence on the local component and the resettlement of supporting industries and achieve balanced development.
Al-Khalidi pointed out that Asharqia Chamber always strives to provide excellent services that meet the aspirations of the business sector.
He hoped that by its fifth session, the program will contribute to the promotion of economic movement in the region and increase investment opportunities among local manufacturers and suppliers.
The Chairman of Asharqia Chamber receives a British official to discuss the strengthening of trade relations
06/03/2019
The Chairman of the Board of Directors of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, receives the deputy Trade Commissioner for the Middle East and Director of Trade and Investment in the UK, Chad Woodward, at the headquarter of the Chamber.
The meeting was held Monday in the presence of the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel.
The meeting emphasizes the importance of trade and economic relations between the two countries.
It also reviews a number of initiatives that would strengthen relations and serve the business sector in both parties.
Al-Khaldi presented a souvenir to the guest.
The Prince of the Eastern Province patrons the exhibition of productive families ”Sanaati” in Khafji 2019
05/03/2019
His Royal Highness Prince Saud bin Naif bin Abdulaziz, Prince of the Eastern Region, patrons the events of the productive families exhibition «Sanaati Khafji 2019», which is organized by Asharqia Chamber in its first edition in Khafji Governorate, during the period from 13 to 16 April 2019.
The Chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, said that
«Sanaati Khafji 2019» is an extension of the success achieved by the exhibition of productive families «Sanaati» since its inception in 2015 in Dammam.
It is a continuation of its importance to productive families throughout the region, as it is one of the actual applications of the practice of self-employment, capable of contributing effectively to the development of the national economy and stimulate the process of production, marketing and job creation.
Al-Khalidi honored the patronage of His Highness the Amir of the Eastern Region of the exhibition «Sanaati Khafji 2019», and the great support for the productive families from His Highness.
He said, "It is not surprising on him, as his constant care and support to improve its role in the national economy, as well as its support for all economic activities in the region and its continuous encouragement to the private sector and its initiatives."
Khalidi considered the initiative that provide exhibitions for productive families to display and expand their products as a one of the most important interactive initiatives undertaken by the Chamber in the area of social responsibility is a participatory initiative to reorganize the work of the productive families and helps in marketing their products in a correct and direct manner, and also gives the associations and development centers that incubate these families an opportunity to introduce their programs and what it does towards the family and society.
Al-Khalidi said that Asharqia Chamber aims at targeting Khafji this year, its productive families and nearby governorates.
The exhibition will be supportive of these families and a contributor to the development of its activities and the marketing of its products.
He pointed out that all the suites that have been allocated to productive families will be free of charge.
Al-Khalidi stressed that the support of productive families involves several economic and social consequences, as it is represented by an investment channel that brings added value to the national economy, and on the other works to provide jobs and promote creativity and innovation.
Marketing Consultant: Marketing is the key to solving all the problems facing new projects
05/03/2019
On Sunday, March 3, Asharqia Chamber, represented by Asharqia Young Businesswomen Council, organized a workshop on how entrepreneurs can market for their new projects at the lowest cost.
Reem Bint Omar bin Siddiq, CEO of Reem Bin Siddiq Training & Marketing Consultancy, was the lecturer.
During the workshop, which witnessed a large presence of pioneers and entrepreneurs of the Eastern Region, Bin Siddiq stressed that the right marketing is the key to solving all the problems facing the new projects, and that its application in a good manner and follow the paths according to sound foundations, which leads to success and achieve the goals to be reached.
She stressed the importance of providing content that is good and decent to meet the needs of consumers, especially as content is at the top of the factors supporting the success of projects.
Bin Siddiq said that searching and exploring product opinions from friends and family or through larger segments of the society and the continuous pursuit of consumer desires is a significant step in supporting new projects towards sustainability and success.
She pointed out that the search and investigation can be done at the lowest costs by talking to the entrepreneurs themselves about their projects on the Social Media, instead of paying celebrities to express their products or services, as the entrepreneurs themselves are capable of expressing their projects through presenting their stories and conveying their sense of business to the public without an intermediary.
Ben Siddiq pointed out that successful marketing is by choosing a specific segment of the public and then studying it well, both in terms of needs or preferences with respect to the product or service to be marketed.
Marketing is a continuous process throughout the project.
Marketing cannot be stopped at the start of a project's success, but entrepreneurs must constantly think about marketing their products by creating or developing new marketing ideas based primarily on consumer trends.
She stressed the need to communicate daily with consumers by giving them more information about what they want.
She warned of the need to stay away from providing the goals of profit on content and construction for its presence and consolidation among the public at the beginning of the project.
Ben Siddiq said that any product or service is divided into two things, the first relates to the value of this product or service.
The second is based on finding a passion between the product or service provided to the consumer.
This is the essence of the marketing process: (The answer to the question, how can you as an entrepreneur to make your product linked to the daily lives of consumers).
She called for the marketing cooperation between the owners of projects and each other, for example, the owner of a restaurant to promote a project in line with the content of his project as the introduction of a product for new juices owned by another project owner to his restaurant, as well as the owner of the juice project, which helps to expand the consumer base of the two projects at the same time.
Al-Rasheed: 2019 will be distinctive for small and medium enterprises
05/03/2019
The Governor of the General Authority for Small and Medium Enterprises (Monshaat), Engineer Saleh bin Ibrahim Al Rasheed, emphasized that 2019 would be a better year for small and medium enterprises, where a number of initiatives have been launched, especially in terms of funding, as one of the most important challenges facing these enterprises.
Al-Rasheed, during a meeting with the Chairman and members of the Board of Directors of Asharqia Chamber and a number of entrepreneurs in the Eastern Region, said that Monshaat launched several initiatives during the past year, most notably "Tomouh" program, supporting financing solutions, implementation of the SME support program with the Ministry of Labor, launching of entrepreneurship parks and supporting centers for small and medium enterprises.
Al-Rasheed predicted that 2019 will be a positive year for small and medium enterprises, as a number of initiatives will be completed, most notably in the finance sector as a challenge for SMEs.
He added, "we will launch the financing platform and launch a financial awareness campaign."
For his part, the chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khaldi, said in his speech during the meeting, "The Kingdom has paid great attention to small and medium enterprises that to set it at the top of the objectives of Vision 2030, which represented a new starting point in the development and sustainability of the national economy and played a leading role in stimulating the culture of entrepreneurship. The incentives were offered between procedural, regulatory and financing within a strategic direction aimed at making these facilities one of the cornerstones of economic development in the country."
Al-Khalidi pointed out that Asharqia Chamber is seeking to play a distinct role in supporting small and medium enterprises by providing excellent services and high quality, which will support its continuity and improve its competitiveness.
Also, it launched a number of programs, seminars and workshops aimed at developing and developing and enhancing its performance to attract more capital to it through encouraging them to compete and upgrade in the local market.
He pointed out that the Small and Medium Enterprises Authority plays a leading role in organizing, supporting, developing and sponsoring the sector in the Kingdom according to the best international practices.
It contributed - undoubtedly - to create a stimulating regulatory and investment environment, which increases the productivity of these enterprises and their contribution to GDP in line with the goals and aspirations of the vision of 2030.
He expressed the hope that the business sector in the Eastern Region will recognize the small and medium enterprises' owners, the strategic plan, its programs and its future initiatives to upgrade the SME sector in the Kingdom.
For his part, Chairman of the Commercial Committee in Asharqia Chamber, Hani Al-afalq, said that small and medium enterprises is one of the most important foundations and axes to achieve a diversified and sustainable economy.
It promotes creativity, innovation and job creation for national labor forces and promotes the growth of non-oil exports.
Besides these economic values, they have a positive role that cannot be overlooked in all the social and cultural development tracks pursued by our good government.
Al-Afalq added, "We all agree that Vision 2030 is an opportunity for the SME sector to expand and spread through opening up new sectors that can accommodate many small and medium enterprises. It has paved the way for many catalysts and treatments and provided the appropriate climate for the application of ideas and innovations and facilitated the exercise of activities and businesses. The contribution of the enterprise sector in GDP will be at the level of ambitions compared to the advanced economies."
Asharqia Chamber recognizes the importance of the continuity of the dialogue and its role in overcoming the challenges and providing specific and unique treatments for all the topics under discussion.
The meeting was attended by the two Vice-Presidents of the Chamber Al-Riziza and Hamad al-Bouali, and the members Ibrahim Al-Sheikh, Badr alabdulkarim, Bandar Al-Jabri, Abdul Rahman Al-Suhaimi, Nasser al-Bajash, Najib al-Sihaati, as well as a large number of businessmen and businesswomen.
Entrepreneurial Entrepreneurship Guide in a training program in Asharqia Chamber
05/03/2019
In collaboration with the General Authority for Small and Medium Enterprises, Asharqia Chamber organized a training program under the title (exploring the world of entrepreneurship) in the Chamber's branch in Jubail last week, during which a number of topics related to the development of projects, and mechanisms for the development of entrepreneurs were discussed.
The program was implemented over 3 days with five topics, as the first topic revolve around determining the principle of the business.
It includes several topics including personal entrepreneur, feasibility study, marketing, sales and the like.
The second topic was discussed the subject of financial management of the project, as a number of topics were addressed, including risks, costs, profits and losses.
The third topic was devoted to discussing the structure of the company including the market, competitors, opportunities and so on.
The fourth and fifth topics were about the sources of funding, the most important financial resources of the project.
Resources and entities that can support small and medium enterprises were reviewed.
Asharqia Chamber launches Shopping Festival in Mid-March
04/03/2019
Asharqia Chamber is preparing to launch the Shopping Festival on March 14 to 30, which comes within the activities « Season in the Eastern Region» and falls under the initiative of the Saudi seasons 2019, which comes within the framework of raising the quality of life for citizens of the Kingdom through creating an environment conducive to the participation of citizens and residents in various cultural and recreational activities that aims to make the Kingdom a global tourist destination.
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad al-Ammar al-Khalidi, said that the selection of the Eastern Region to be the first destinations of the initiative of Saudi Seasons 2019 confirms its position on the national and regional tourism map.
It is at the top of the Kingdom attracts tourists and visitors from home and abroad with its many elements and potential as a wide infrastructure, with regard to tourist accommodation facilities, resorts, tourist villages, restaurants, commercial markets, entertainment centers, as well as its cultural and historical components, which emphasizes its distinction among the regions of the Kingdom.
It is a region that is well qualified for a greater role in serving the overall development of the Kingdom.
Al-Khalidi considered the participation of the Chamber in the Season Festival this year through the Shopping Festival as a confirmation of its role in the paths of the Vision of the Kingdom 2030 in diversifying opportunities and sources of entertainment, arts and culture to the residents of the Kingdom and its visitors.
Al-Khalidi pointed out that the people of the region and visitors from home and abroad will have the opportunities to shop with an exceptional shopping season, where hundreds of brands, fashion houses, family items, malls and malls within the festival special offers and exceptional discounts.
He called on the people of the region and its visitors to interact with the festival and to enjoy its unique activities.
For his part, Secretary General of Asharqia Chamber, Abdulrahman bin Abdullah Al-Wabel, stressed the centrality of the shopping festival, which is organized by Asharqia Chamber within the activities of the Eastern Region Season for the current year, to activate tourism in the region and to launch its capabilities for tourism attraction in particular.
It possesses the elements that qualify it to be the first destination for those wishing to enjoy shopping.
He pointed out that the festival provides shoppers with several opportunities to enjoy a unique shopping experience, as well as numerous opportunities to win various draws on a selection of valuable prizes.
Al-Wabel said that the festival will be a milestone in a system aimed at contributing to the achievement of the Quality of Life 2020 program and the consequent revitalization of the economic and tourist movement in the eastern region through attracting visitors from inside and outside the Kingdom, which is in total to achieve the objectives of the Vision of the Kingdom of 2030, as it aim in diversification of the economic base and optimal utilization of available resources.
Hong Kong Trade Development Council (HKTDC) launches an initiative to promote trade and economic relations in Asharqia Chamber of Commerce
04/03/2019
On Thursday February 28, 2019, Asharqia Chamber organized a meeting with the Hong Kong Trade Development Board, headed by the Deputy Director of the Council Abdul Aziz Nasser, in the presence of board member Bandar bin Rafi al-Jabri and the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabil.
During the meeting, Najib bin Abdullah Al-Sihati, a member of the Board of Directors of Asharqia Chamber, stressed that the Kingdom is one of the fastest growing countries in the world.
He pointed out that the development in the Kingdom is proceeding at a rapid pace in light of the attention and support of the wise leadership through the Vision of the Kingdom 2030.
Al-Sehati said that the number of cities in the Kingdom rose from 58 cities in 1970 to nearly 300 cities.
He pointed out that the Saudi government is spending heavily on the development of its cities.
In its budget for 2019, the Kingdom allocated SR 304 billion to develop health, transport, infrastructure and municipal services.
He pointed out that the business sector in the region is keen to establish partnerships and promote trade and economic cooperation with Hong Kong, especially as the Eastern Region is experiencing urban development and expansion.
He added that it is possible to cooperate to implement development projects in this field, especially as it is internationally recognized as the world-class petrochemical center and oil-related industries in the cities of Jubail 1 and 2, Ras Al-Khair.
For his part, Nasser said that China is investing in development through huge trade and investment opportunities covering more than 60 countries.
Therefore, Saudi Arabia presented an initiative entitled "The Belt and Road Initiative (BRI)", which is one of the largest infrastructures and investment projects in the world.
Nasser said China has more than 60 percent of the world's population and about 30% of world GDP.
The Belt and Road Initiative is based on the construction of port infrastructure facilities.
It includes infrastructure links that include railways, highways, airways, telecommunications, oil and natural gas pipelines and ports.
In conclusion, al-Sehati honored the head of delegation, Nasser, with memorial plaque.
Al-Hariri: Sipchem supports social responsibility programs with more than 21 million riyals
28/02/2019
The Director General of Communication and Corporate Affairs and Member of the Community Service Committee of Saudi International Petrochemistry Company (Sipchem), Abdullah Al-Hariri, talked about several challenges facing the social responsibility sector in the Eastern region such as the absence of legislation, and lack of awareness of the importance of the sector.
Al-Hariri, during a meeting that was held by the Center for Social Responsibility in Asharqia Chamber at its headquarter on Wednesday February 27, 2019, reviews the company's experience and journey towards sustainable social responsibility, in the presence of the Secretary General of the Chamber Abdulrahman bin Abdullah Al-Wabil and a number of businessmen and interested individuals.
He said that the absence of the pillars of the national transformation from any initiative provided to supporting companies or donor institutions is an indication that the party roams outside the squadron.
He pointed out that the Vision of the Kingdom 2030 is a fundamental framework that must surround every project or community initiative.
Al-Hariri pointed out that Sipchem's strategic principles of social responsibility are based on entrepreneurship, health care, environmental, social welfare, sports, education and cultural programs.
He stressed that the company supported social responsibility programs in the period from 2008 to 2018 by more than 30 million riyals.
He revealed that Sipchem continues to implement social responsibility programs by allocating 1 percent of its net profit to support social responsibility projects in accordance with clear policy and criteria.
Regarding Sipchem innovative club, Al-Hariri said that the club adopts a methodology of participation and brainstorming, design and construction through its interlocutor, which deals with artificial intelligence, programming, barcode and three-dimensional printing.
The Academy also works to discover students' talents and intellectual energies that to serve the environment around through enhancing the principle of sustainability and recycling of things for the manufacture of products, care and attention to talented students and work to raise their levels of technical and skill, and the dissemination of digital culture and three-dimensional printing and robot and programming.
On the outputs of the Academy, he pointed out that the activities and programs of the Academy resulted in 5760 hours of voluntary work, 120 child beneficiaries, 240 visits received by the club from various quarters, 30 volunteers participated in the organization and training, 32 innovative ideas and projects, and 12 temporary posts.
In conclusion, the guest speaker was honored with a memorial plaque.
Tuesday's meeting in Khafji reviews the water services of the commercial sectors in the province
28/02/2019
The Director of Water Services Branch in Khafji Governorate, Eng. Faisal bin Awad Al-Rashidi, announced the direction to ensure the abundance of water conservation through the implementation of quality plans during the coming period, on Tuesday's monthly meeting, which was held on Tuesday February 26, 2019 at the Chamber’s branch in Khafji.
The meeting was directed by the deputy chairman of the business council in Khafji branch, Mohammed bin Fawaz al-Subaie, with the presence of a number of businessmen.
During the meeting, Al-Rashidi said that the province will witness the implementation of strategic water storage plan through the establishment of two ground tanks with a capacity of 15 thousand cubic meters to ensure water availability in Khafji.
He pointed out that this is supportive of the methods of rationalization of water and stressed similar awareness plans targeting commercial sectors linked to water services such as hotels, furnished apartments, car washrooms and laundries.
The meeting also discussed the prices of the segments consumed by the commercial sector and the most important challenges facing the business sector in the governorate.
A number of initiatives were presented that aimed at developing the business environment were put forward with the participation of the government sector in Khafji.
In conclusion, the Chairman of the Business Council Khafji Branch Mohammed bin Fawaz Al-Subaie, honored the Director of Water Services Branch in Khafji Governorate Eng. Faisal Bin Awad Al Rashidi with a commemorative plaque.
Al-Khalidi: Licensing foreign banks to practice banking enhances global confidence in the strength of the Saudi economy
27/02/2019
The chairman of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, stressed the approval of the Council of Ministers, on Tuesday, February 26, on granting a license to Standard Chartered Bank and discussed the granting of licenses to other financial institutions.
This supports the business sector in various fields towards growth and expansion and its role in the national economy system, including the diversity of financial institutions within the country, which offers several options for banking products.
Al-Khalidi pointed out that the entry of global financial institutions in general to the Saudi market will deepening the banking market and the high liquidity flowing inside, as well as the growing opportunities for investment and the transfer of technical and human expertise, and the creation of new employment opportunities before the national labor forces, which supports the aspirations of the Vision of the Kingdom of 2030 by diversifying the sources of the national economy.
He pointed out that the number of major projects initiated by the Kingdom to implement, and that economic movement, which expands day after day, requires the introduction of more banks, in order to increase financial liquidity and then the turnover of capital in various sectors, commercial or industrial.
Al-Khalidi said that the direction of international financial institutions to the Saudi market indicates positively on the extent of economic growth in the country and stability in the future.
Also, it confirms the extent to which the market enjoyed the attractiveness of global banks because of the Vision of 2030 and the provision of a legislative and regulatory environment attractive and distinct, which is allowing banks to grow and sustain their business.
Al-Khalidi considered the entry of foreign banks and branches to the Saudi market as a great addition to the banking sector, which is a result of its competitiveness, where multiple providers of banking services.
Thus, it leads to diversifying financing options for the business sector, which came within the objectives of the program to develop the financial sector 2020 that to support and promote the growth of the business sector, especially small and medium enterprises, by increasing lending to about 5% by 2020.
Asharqia Chamber and Badir for Technology Incubators and Accelerators launch the Training Camp "Women in Technology"
26/02/2019
Maram Bint Saeed Al-Jishi, President of the Executive Council for Businesswomen in Asharqia Chamber, opened "Women in Technology" Training Camp that is organized by the Chamber in cooperation with Badir Initiative for Incubators and Technology Accelerators for the first time in the region (The program is implemented for the first time in the region and is implemented for the first time dedicated to women in the Kingdom) at the Chamber's headquarter.
The camp will last until Thursday, February 28, 2019.
Al-Jishi confirmed during the opening of the camp on Sunday evening (February 24th) that the program aims to stimulate Asharqia entrepreneurs to engage in the technology sector, as a new model in support of our national choice towards diversification and optimal utilization of available human or natural resources.
Al-Jishi said that since the inception of Vision 2030, women in the Kingdom were given confidence, which is precious as an essential element of the power possessed by the Kingdom.
This precious confidence requires all of us to reach our performance to a high level of quality and effectiveness, and the launch of all sectors, especially the ICT sector, which is one of the top priorities of the Vision that the Kingdom will be a pioneer in the areas of digital economy, which is indicating the prospects for the wider sector in the present and future.
Al-Jishi said, "In view of the information technology sector in the Kingdom, we are witnessing today qualitative development that is expected to pump more investments, this training camp includes extensive training and success stories for five consecutive days. It an opportunity for business entrepreneurs with the desire to enter the technology and information technology sector in order to develop their performance and weight and improve their knowledge of the economies of technology. So that they can deal positively with the growth and development witnessed by this sector in the Kingdom."
For his part, the director of the incubator and speeding business for the Badir program in the Eastern region, Khalid bin Yusuf Al-Mahfouz, said that BADIR program for incubators and technology accelerators is one of the most important national creative environments in the field of supporting, establishing and developing pilot and emerging projects through its partnership with Asharqia Chamber.
The program aims at qualifying business entrepreneurs and other interested individuals and willing to enter the field of ICT by introducing them to this field and the opportunities it includes investment and jobs promising for Saudi women.
It also highlights how to create and build a brand, how to get financing, as well as advise on how to present ideas to investors.
For her part, the director in charge of the Center for Businesswomen in the Chamber, Hanan bint Mohammed Al-Wabel, said that the Kingdom today is taking serious steps towards the empowerment of Saudi women in various fields, as a key component in achieving sustainable development.
She stressed the importance of making the most of her abilities and the skills of her young women.
It also paved the way for its ambitious Vision of a series of decisions and actions that motivated it to participate effectively in the development process.
Asharqia Chamber, which hosts this training camp, recognizes the importance of educating and motivating women towards the modern economic fields, which are still far from them, despite the Kingdom's incentives and availability of support both for those who want to invest or work.
"Calculation of calories" workshop organized by Asharqia Chamber in Khafji
26/02/2019
Asharqia Chamber in cooperation with the Saudi Food and Drug Authority organize a workshop on "Calculation Mechanism for the Food Sector" at the Chamber's Branch in Khafji Governorate on Wednesday 6 March 2019 at 10 am.
The workshop will review the importance of presenting calories to the customers of the food sector, such as restaurants and cafes in a clear way.
They should be presented in front of the side of the menu for each item of food in the list of food and drinks provided to the client, and to be placed on all types of menus offered permanently, whatever the mechanism of supply.
The workshop also will discuss the calculation of calories by displaying the contents of the dish,
If the food dish is presented in the form of individual units divided, the calories should be presented per unit.
Calorie advertising should be considered separately for all side menu items, such as sweets and foods.
“Nasna” reviews the MINI PMP program in its sixth week
26/02/2019
The program (Nasna), which held in partnership with SABIC, continues its sixth week training courses, as it will review professional project management program MINI PMP and its impact on industrial projects.
The trainees in this program, which began on Sunday 24 February 2019 and lasts for three days at the Chamber's headquarter, will receive intensive trainings with the coach, Abdullah Al-Daweesh.
He will discuss with them the importance of this program and its applications on the industrial project
The trainees have finished the fifth week with a number of training sessions that discussed the preparation of the feasibility study (practical side) with the coach, Mohammed Al-Awaid, as a part of Asharqia Young businessmen Council's efforts to support the young business sector through providing training for 15 trainees in order to help young investors to establish their small and medium industrial projects.
The three-months program, which ends on Wednesday, 10 April 2019, will graduate 15 young people with the ability and efficiency to establish small and medium factories in an orderly and professional manner, where it provides multiple services during the meeting, including the services of incorporation and financing.
It covers several aspects needed by trainees, most notably technical, managerial, marketing, financial, legal and feasibility studies, as trainees will receive a training period to up 200 hours of training.
At the end of the program, the trainees will be awarded the professional certificate for qualifying the industrial investor and will be eligible for support from SABIC's Nosand program to build their own plant.
Asharqia Young Businesswomen Council engaged in dialogue discussing the role of young women in the economic development of the Shura Council
25/02/2019
The President of Asharqia Young Businesswomen Council, Najla Al-Abdulqader, confirmed the Kingdom's keenness to support women in all the different sectors especially in the business sector through the Kingdom's strategic agencies.
She noted that the women's business sector is fully sponsored in the Kingdom by believing in the role of women and their active participation in the development of the economic sector.
Al-Abdulqader pointed to the success of the Council's tour, which was launched recently in the capital Riyadh for two days.
She pointed out that the Council visited a number of official bodies to identify the most prominent aspects of support for young women entrepreneurs, which reflects positively on the roles offered by Saudi women in all economic and social fields.
She pointed out that the Council participated in a dialogue session held by the Saudi Shura Council last Tuesday, which was chaired by the Assistant Speaker of the Shura Council Dr. Yahya bin Abdullah Al-Sama'an, which aims to enhance the role of young men and women in the construction and development under the Vision of the Kingdom 2030.
Al-abdulqadir said that the dialogue session discussed several issues such as knowing the services provided by government agencies, youth organizations, the most important financial, regulatory and advisory challenges facing them, in addition to future opportunities.
She stressed that the dialogue session has received great momentum, with the participation of members of the Shura Council, representatives of a number of ministries and bodies, and young businessmen in the Chambers of Riyadh and Mecca.
The Board had visited the General Authority for Small and Medium Enterprises (SMEs) where they met with the Deputy Governor for developing the entrepreneurial environment, Issam Al-Zukair, who praised the role played by the Young Businesswomen Council in Asharqia Chamber based on the Council's activities and programs.
He stressed the support of the Authority for all that would support this activity and to overcome the challenges that may face the Council in any joint actions.
The council also met in Riyadh with a number of relevant authorities, where they met with the Vice President for International Affairs at the General Authority for Culture, Khalid Al-Saqr and Dr. Maha Al-Senan, Director of Educational Programs, where a number of initiatives were launched to support the young business sector in the Eastern Province.
It also visited the Saudi Federation for Community Sports where they met with its former president, Her Royal Highness Princess Reema Bint Bandar Bin Sultan.
They had reviewed the possibility of participating in the activities and programs offered by the Federation in cooperation with the holding of workshops in addition to the presentation of initiatives between the Council and the Federation.
The Council concluded its visit to the capital Riyadh by visiting King Khalid Foundation, as they met with the Director of Social Investment, Nadine Hassassian, the Director of Capacity Building Programs, Ilham Al-sunaie.
The highlights of the achievements of the institution were reviewed at the level of the region, and the mechanism to develop the programs of the Council was discussed.
Asharqia Chamber organizes a workshop to discuss the challenges of the retail sector
25/02/2019
Asharqia Chamber in cooperation with Mokatafa organized a workshop entitled "Retail Sector Challenges," which discussed the main obstacles and observations that distort the work of the sector, at the headquarter of the Chamber.
The workshop was moderated by the Chamber's Vice President and Chairman of the Hospitality and Leisure Committee, Hamad Bin Mohammed Al-Boali, in the presence of HRH Prince Waleed Bin Nasser Bin Farhan Al Saud, CEO of Mokatfa, the Board Member Bader bin Mohammed Al Abdul Karim, and the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabil.
The workshop reviewed the initiatives and solutions appropriate to meet the challenges of the sector in the presence of representatives of the Ministry of Commerce and Investment and a number of investors in the sector.
The Committee for the Improvement and Promotion of Business Performance in the Private Sector (Tayseer) handled 300 initiatives
25/02/2019
On Thursday, February 21, 2019, Asharqia Chamber organized a workshop organized entitled "The most important reforms that serve investors."
Fahad Al-Shaalan, who is responsible for the improvement of the performance of the private sector (Tayseer), stresses that the Committee handled 300 initiatives in cooperation with various 40 government agencies.
He pointed out that it completed 136 initiatives, and still working on 167 initiatives.
He pointed out that the initiatives are aimed at improving the Kingdom's ranking in global indices, attracting domestic and foreign investment and increasing private defense contribution to GDP.
During the workshop, he said that the Committee received 753 cases containing challenges, observations and proposals.
He added that the Commission has dealt with 279 cases and the testimony of the private sector, while 309 cases are being studied and 147 approved.
He stressed that the cases received include investment licenses for the main sectors and regulations, municipal requirements, resettlement and labor market procedures, unfair competition in target sectors, commercial fraud, occupational safety, industrial safety measures, and supporting entrepreneurship and infrastructure for the logistics sector.
The Committee re-engineered the procedures in 9 priority sectors and reduced the total licensing requirements from (17213) to (7841) by removing 54% of the requirements, converting 64 businesses requires a license to a notice just starting, and the conversion of 88 businesses requires a municipal license to an immediate municipal license.
The Committee also is re-engineering the procedures and requirements of the comprehensive building permits in the Municipality of Riyadh as a pilot platform and prepare and improve the evidence of investors to 8 government agencies to build a database of more than 53 thousand points data.
For his part, Turki al-Askar, from the Ministry of Commerce and Investment, said that Tayseer's "Starting a Business Committee” works to make a business in one day through immediately booking the company's name electronically and revoking the company's memorandum of association, completing the steps of establishing the company contract, paying the fees electronically, cancellation of the requirement of prior approvals for the issuance of the Commercial Register, electronic documentation of the contract of incorporation and the need for the consent of the guardian of the woman to start the process of commercialization.
He pointed out that the Committee has reformed (12) remark according to the requirements of the World Bank and reformed (42) remark from the private sector.
As Thanyan Al-Thani, from the Saudi Customs, stressed that Tayseer's “Cross-border Trade Committee” said, "The Authority was able to complete the procedures of 85% of the clearance operations that take place 24 hours ago, while 20% of transactions completed clearance procedures before the arrival of ships to ports.”
He added that the Authority is moving to provide an integrated electronic environment for procedures and to enhance transparency of the costs related to import and export and electronic connectivity between all government agencies and the pre-clearance of authorized operators.
He added that the Authority has contributed to reducing the documentation of the import from 12 documents and export from 9 documents to two documents, as well as a review of the time and cost related to the compliance obligation and the documentary obligation of import and export.
Mohammed Tashqandi, from the Arab Monetary Agency, said that Tayseer's "Access to Credit Committee” is working on the secured transactions system project with a more comprehensive universe of commercial foreclosure includes all secured transactions such as the sale of the transferred money on the condition of recovery or re-purchase when refraining from fulfilling obligations and putting the subdivision on sale, as well as the possibility of entering into the contract of foreclosure by transfer of possession or registration, which helps in benefiting from the facilities of the assets encumbered in the operational work, the possibility of mortgaging money to more than the mortgagee in order to benefit from the value of the money, to expand the range of debt to which the money can be provided as a guarantee and the possibility of voluntary implementation, which gives priority to the creditors involved in bankruptcy cases.
Walid al-Kalash, from the Ministry of Labor and Social Development, said that “ The Efficiency of the Labor Market Committee” from Tayseer said that the Ministry is working to re-orient the incentives community and propose new incentives to benefit from the value added of the target sector, as well as to adapt the incentives and relative prices between the public and private sectors in order to increase the number of Saudi workers in the private sector.
He noted that the number of initiatives launched by the Ministry were 68 initiatives to stimulate the private sector to settle with 40 initiatives that announced, and 3-4 initiatives being launched weekly.
Thamer Al-Juhani, from the Ministry of Education, said that “The Education Committee” from Tayseer" works on curriculum development from kindergarten to secondary school, which is including science and math according to “STEM."
In addition, the Ministry launched the Digital Education Transition Initiative "Future Gate" that has been applied to 1500 schools to teach the digital skills of primary students targeted for this year 6 thousand and will increase to 12 thousand by the end of this year.
Awatif Al-harthy, from the Ministry of Education, said that the Ministry has opened foreign investment in education (universities and schools) and (2) British companies were given approvals for the opening of English language institutes and institutes for people with special needs and the preparation of the draft regulations for universities and colleges.
Regarding “The Enforcement of Contracts Committee" in Tayseer, Moataz Altwaijri, from the Ministry of Justice, said that the Ministry is working to enhance the transparency of all concerned in the justice sector through the publication of verdicts for commercial cases and the dissemination of comprehensive statistics of the performance of commercial courts, as well as reducing time to decide on commercial issues by setting a time limit for the case and setting a higher limit for postponements and allocate a single judge to the commercial cases of less than one million riyals and activate the first hearing (pre-trial meeting).
He pointed out that the Ministry is working on the completion of the procedures and stages experienced by the case through the filing of the case and the registration and transmission electronically and the adoption of electronic means in the judicial notifications and the submission of the defense note electronically.
Turki al-Ruwaili, from the Bankruptcy Committee, said that the Committee has enabled the debtor to continue its activity and the balance between restructuring and liquidation and taking into account the rights of creditors and confidence and transparency in financial transactions.
Falah al-Halafi, from the Ministry of Justice, said that the "Registration of Ownership Committee” from Tayseer promotes the reliability and transparency of the work of the writings of justice and facilitates the process of transfer of ownership through the completion of procedures and the deployment of a clear mechanism for registering property.
Abdullah Al-Mohawes, from the Capital Market Authority, said that the Authority is working to stimulate and encourage private sector companies to put and listing their shares in the financial market in order to improve the procedures of offering and listing to stimulate the proposals, give the authorization of experimental financial technology for two local companies as the first product of the Technical Technology Laboratory, the establishment of the administration of special purpose entities in the Authority to assist companies in obtaining financing through an alternative source of bank loans and financial institutions through issuing debt instruments through a special purpose entity.
Abdul Mohsen Al-Jafal, from the Small & Medium Enterprises General Authority, said that the Authority has allocated 12 billion to finance four initiatives, namely the bold investment initiative that worth 2.4 billion and focused on stimulating capital finance for small and medium enterprises, the Entrepreneurship initiative in the Kingdom with the investment funds and the initiative to recover government fees worth 7 billion in cooperation with the Local Content and Private Sector Development (NAMA) in order to support enterprises to achieve growth during the first years of operation and the indirect lending initiative of 1.6 billion.
The initiative contributes to raising lending rates and improving the access of small and medium enterprises to finance and contribution to GDP and the initiative to strengthen the 800 million bail program in cooperation with the program "Kafalah."
"Saudi Electricity" reviews the program "bena" to localize the electrical industries
25/02/2019
On Wednesday, February 20, 2019, Saudi Electricity Company discusses and explores issues and challenges facing contractors during a meeting with members of the Contracting Committee in Asharqia Chamber.
The meeting was attended by a number of representatives of the sectors of the company including Sulaiman Bin Ibrahim Al-Hubeishi, Senior Vice President of Supply and Contracts Services, Hamad bin Hamoud Al-Hamad, a member of the Board of Directors of Asharqia Chamber and Chairman of the Contracting Committee, and all members of the Contracting Committee.
They discussed the mechanism for the training contractors and opportunities for the construction sector in the Saudi Electricity Company, and opportunities for joint cooperation between local contractors and the Company.
Al-Hubaishi said that the company is continuously working to develop and improve its procedures in order to maximize local content in its project contracts as well as through the new Saudization strategy, as a part of its program to build and employ "national" capacity.
The program "bena" is an integrated strategy for the settlement of industries and services started by the company at the beginning of the year 2019 that is in line with the Vision of the Kingdom of 2030 by providing necessary support to national institutions, which contribute more to the process of Saudization.
In addition, Eng. Nayef Al-Bakran, an acting Director of Saudization and Training Department, gave a presentation on the program "bena" that contains three initiatives that effectively contribute to the process of developing local content and supporting small and medium enterprises.
Administrative Consultant explains the financial skills of the entrepreneurs in Asharqia Chamber
21/02/2019
Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises, held a workshop entitled "Financial Skills for Entrepreneurs" at its headquarter on Tuesday February 19, 2019.
The workshop witnessed the active participation of interested parties and individuals.
An administrative consultant stressed that the entrepreneur must pay attention to the elements of the firm so that he can achieve profitable financial returns from his project such as the potential of the project, the distinctive product and the winning of potential customers.
The administrative adviser, Abdulbasset al-Sufayani, said that the entrepreneur should apply financial culture through the control of accounting operations, measuring financial performance, decision-making mechanism, linking elements of the business model with indicators and financial performance, and the use of applications for feasibility study.
Al-Sufiani said that finance is reading accounting reports, analyzing them, interpreting them, making use of them in the industry, guiding different decisions and treasury management and various financing processes, planning and future predictions.
He also highlighted a mechanism to facilitate understanding of the work of the accounting department through working with the financial auditor to design the accounting tree for the activity according to the standard accounting practices and practices, classification of the list of proposed accounts of the activity to (creditor / debtor), coding accounts as asset accounts, liability accounts and equity, and coding sub-accounts to two, three or more levels as needed.
He talked about the types of financial analysis between that are including the comparative analysis, which is to compare the company's activity with the company and brother activity, compared to the average industry, compared to the best sector companies.
The trend analysis is all elements of the list similar to previous periods.
The horizontal analysis is the comparison of one element in the list to the same at different periods of time to measure the performance of an element or management of an object.
The vertical analysis is all elements of the list in a given period of time compared to a fixed element (one element) in the same list.
The analysis of financial ratios is the ratios of liquidity, profitability ratios, solvency ratios and efficiency ratios.
Consultant is explaining steps that aimed at cleaner production in the industrial sector in Asharqia Chamber in Jubail
21/02/2019
On Wednesday, February 20, 2019, Asharqia Chamber, represented by the Center for Social Responsibility, organized a lecture entitled, "Environmental management towards cleaner production in industry through sustainable development" in its branch in Jubail Governorate.
The Chancellor Talal bin Sultan Al-Rasheed, the Director General of Gulf Energy for Environmental Consultations, talked about several important recommendations on the subject of cleaner production in industry such as encouraging factories to replace old technologies with cleaner production techniques, and to provide models of cleaner and cost-effective cleaner production technologies.
Al-Rashid referred to several steps that aimed at cleaner production, including: identifying cleaner production products, adopting the Vision of the Kingdom 2030 for the application of cleaner production in factories, and the preparation of a prize for cleaner production and excellence for sustainable development.
Al-Rashid explained that cleaner production aims to optimal use of environmentally friendly raw materials, applying the best cleaner production technology, working to reduce the amount of waste from the source, and raising the awareness of the importance of cleaner industrial production.
He also spoke about environmental management in the industrial process.
He noted that it aims to preserve natural resources, reduce risk, develop equipment and use new technology with high efficiency, as well as replace hazardous materials in the industry with other, less hazardous materials.
Al-Rashid pointed out that the industrial sector needs initiatives that contribute to raising environmental awareness in the factories to move towards cleaner production in order to achieve sustainable development through identifying the environmental problems facing cleaner production in each industry separately, and acquiring skills to solve these environmental problems or mitigate their effects, and work on applying a model in the field of cleaner production for each industry and circulate it to similar activities.
Asharqia Chamber Young Businessmen Council reviews its "Sanah" initiative at its second meeting of 2019
20/02/2019
The Executive Board of Asharqia Chamber Young Businessmen Council, chaired by Abdullah bin Faisal Al-Breikan, reviewed in its second meeting in 2019 "Sanah" initiative that aims to provide a range of industrial land at a nominal price that to create an investment environment incubator for light national industries.
The meeting was held on Monday at the headquarter of the Chamber.
Al-Breikan said at the meeting that the initiative, which is honored by the patron of the Prince of the Eastern Region His Royal Highness Prince Saud bin Nayef bin Abdulaziz, which is in partnership with the Regional Secretariat, diversifies investments and local industries for young men and women in the region through an electronic mechanism based on criteria for selecting the best beneficiary and high governance.
He explained that the initiative aims to achieve the contribution of small and medium enterprises sector in the gross domestic product from 20 percent to 35 percent, which is a translation to see the initiative to be an attractive environment in the incubator industry for entrepreneurs in the Kingdom and contribute to growth and prosperity, which is based on its mission to provide facilities on the industrial lands of entrepreneurs in order to support the industrial sector and strengthen the national economy.
He pointed out that the initiative aims to provide 211 entrepreneurs in industrial lands.
As for the targeted clients, Al-Breikan said that any Saudi young man or woman can apply for the initiative in accordance with the general conditions, which is to have a high school diploma, has experience in the field of investment and wishes to work with, and not to be less than 21 years of age and no more than 45 years.
He pointed out that the steps of registration and submission start with registration and activating the account through filling the feasibility study, and then submitting the request, then the evaluation of the Committee, and then the nomination for the interview and finally the final evaluation and the result.
The Social Development Bank reviews the support of the business sector in Tuesday meeting at Asharqia Chamber’s branch of Qatif
20/02/2019
On Tuesday, February 19, 2019, officials at the Social Development Bank viewed support mechanism for small and medium enterprises and individuals during Tuesday's monthly business meeting, which is organized by Asharqia Chamber in its branch in Qatif Governorate.
The meeting was managed by Vice President of the Business Council of Qatif, Hisham Al-Seif, the head of the projects sector at the Social Development Bank in Dammam, Khalid bin Ahmed Al-Ghamdi, and the Head of Credit and Finance in the Bank at Nasser Bin Ghazi Al-Mutairi.
The meeting discusses the importance of supporting the business sector in the governorate and the contribution of the incubators in the financing of projects to ensure the continuation of their performance and the development of their business.
It also discussed ways to enhance cooperation with the business sector, while serving businessmen and business women through contributing in raising the mechanism of work for the different sectors in Khafji, and has been reviewing the various support tracks and target groups for support.
The meeting, which witnessed the interventions between the two sides, discussed a number of initiatives and ideas that would contribute to the development of the mechanism of communication and overcoming the challenges.
The Small Business Development Center at Asharqia Chamber holds a program "Riyadiun (Entrepreneurs)" at Imam Abdul Rahman bin Faisal University
20/02/2019
Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises (SME), organized the program "Riydun" one of the programs of the Center in Imam Abdul Rahman bin Faisal University in Dammam.
The program, which was held on Tuesday 19 February 2019, hosted Saud bin Abdullah Al-Aliwi, a founder and an entrepreneur of an advertising agency.
He reviewed his experience with the challenges and success stories through his career.
He stressed that the local market is full of diverse investment opportunities.
He pointed out that the entrepreneur must have several specifications, including initiative, patience and passion for learning to be an effective component that can face market fluctuations.
He stressed the importance of forming and maintaining public relations, which contribute to enhancing opportunities for cooperation and participation opportunities.
It is noteworthy that the program " Entrepreneurs " aims to develop young people and the dissemination of the culture of self-employment.
The program provides lectures and experiences on the importance of self-employment and introducing students of science to the services of the Center for the Development of Small and Medium Enterprises in the Chamber.
Asharqia Chamber organizes a meeting to discuss partnerships to implement projects specializing in nuclear energy
19/02/2019
On Tuesday 19 February 2019, Asharqia Chamber helds a meeting with the company Rosatom, which is specialized in nuclear energy, at the headquarter of the Chamber.
The meeting was attended by board member Najib bin Abdullah Al-Sihati, the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel, and Rosatom Middle East and North Africa CEO Alexander Voronkov.
It witnessed a remarkable presence by the business sector, specialists and interested parties and individuals.
During the meeting, Saadoun bin Khalid Al Khalidi, amember of the Board of Directors of Asharqia Chamber, stressed that there are huge variety of business opportunities in the Kingdom, especially with regard to nuclear energy.
He called on the Russian investors to seize investment opportunities in this area,
Al-Khalidi said that the bilateral relations between the Kingdom and Russia are a new direction after the historic visit of the Custodian of the Two Holy Mosques King Salman bin Abdul Aziz to Moscow in late in 2017, where more than 15 agreements have been signed between the two countries, especially in the fields of defense, energy, petrochemicals, logistics, technology transfer and infrastructure development.
Al-Khalidi said that this meeting helps officials in the Russian company to identify the potential success partners in the implementation of nuclear power projects in the Kingdom.
He noted that it has an ambition to generate at least 17.6 gigawatts of nuclear power by 2032 with the start of the construction of the first two nuclear reactors soon, where the Crown Prince His Royal Highness Prince Mohammed bin Salman put the cornerstone of the first reactor for nuclear research.
He pointed out that the Kingdom has a plan to build up to 16 nuclear reactors over the next 25 to meet the growing demand for electricity.
Saudi Arabia is expected to achieve at least 15 per cent of total nuclear power.
Al-Khalidi said that the Vision of the Kingdom 2030 set the direction of the Kingdom in this area, where it was interested in the production of electricity from nuclear energy, which opens the door for companies to invest in this promising sector.
Voronkov said that the company offers the latest technology with the highest standards of safety and security in the construction of nuclear reactors.
He pointed out that the company Rosatom is one of the leading companies in the world in the simultaneous implementation of energy units.
It has the largest collection of foreign construction projects in 12 countries with the second largest uranium reserves of 17% of the global nuclear fuel market.
Rosatom also manufactures equipment, produces isotopes for nuclear medicine and conducts research and material studies.
For his part, Milos Mustique, Vice President of the company Overseas branches, said that the company attaches great importance to the settlement in the construction of nuclear plants in many countries.
"We offer our customers a package of integrated solutions and services to support and enhance every stage of their national nuclear programs," he added, "Our services include the development of nuclear infrastructure and assistance in establishing an organizational framework and training of local staff."
He pointed out that Saudi employees will be trained and educated in Russia to work in nuclear projects in the Kingdom.
At the end of the meeting, the member of the Board of Directors of Asharqia Chamber, Saadoun bin Khaled Al-Khalidi, presented a commemorative plaque to Alexander Voronkov, Rosatom Middle East and North Africa CEO.
The Businesswomen Center recognizes the services of Kanaf Society
19/02/2019
On Sunday 17 February 2019, the Businesswomen Center at Asharqia Chamber of Commerce visited Kanaf Society in order to identify the objectives of the Society and the segment benefiting from its services and the development of the current charitable sector.
The meeting held between Hanan Al-Wabil, representative of the Businesswomen Center, the Chairwoman of the Committee of Women's Centers and Saloons, Shuaa Aldhailan, and officials from the Society.
The meeting discussed the most prominent services provided by the Society as well as initiatives that will develop the work and improve the service of the beneficiaries of the Society.
The participants in the visit, members of the Board of Directors of the Society Nasser Al-Subaie, Dr. Ahmed Al Ali, Abdulillah AlJohar, were identified on the objectives of the Society and its services and contributions in the field of health.
They also toured the facilities of the Society and learned about the mechanism of work through the members of the Society specialized in several areas.
Specialist: 10 strategies to increase sales in your project on social networking sites
19/02/2019
Asharqia Chamber, represented at the Business Women Center in the Chamber Branch in Qatif Governorate, held a training program on Sunday and Monday 17-18 February 2019.
The program took 8 training hours over two consecutive days, with the quality participation from specialists.
A specialist in electronic advertising stressed the importance of working in advertising for the commercial project on the basics of marketing through social networking sites.
She pointed out that a big difference between advertising in the new and traditional media, especially in achieving the desired results.
The trainer Dhuha Al-Ibrahim said that several points make a difference between the form of advertising in electronic media than in the traditional cost, and the mechanism of communication, and how to demand the product, customer continuity, in addition to the ability to know the opinion of the client, the time of the marketing campaign, the follow-up, the number of customers, and finally the possibility of knowing the results.
She stressed that the social networking sites are continuously subject to development in its details and mechanism of work, and therefore it is witnessing the development of the forms of advertising and technologies of its own.
This is where the advertiser can deal with new forms, techniques and methods that serve his or her project through the targeting mechanism, content development, analysis and performance measurement.
Al-Ibrahim pointed to several techniques that the advertiser or the dealer with the new media must take into account when advertising for its product or project, including careful targeting, and taking into account the creativity in writing the text, and continuity in the Declaration and in different versions, and also monitor what goes on in social networking sites and try to learn from the existing methods for all advertisers and owners of experience, in addition to learning how to evaluate and pricing to create a kind of competition and spread.
Al-Ibrahim pointed out that social networking sites are witnessing a technical revolution that the advertiser can benefit from by promoting what he writes about the product and making frequent visits to his company's website, in accordance with its proposed budget and appropriate to its potential.
Regarding the process of attracting interested and potential customers, Al-Ibrahim said that a number of points must be taken into consideration such as how to attract followers in practical ways, how to pay more attention to the content that to be useful and attractive and concise, the need to use the brand to promote the project, the dissemination of clear and complete identification information, using the brand image as a personal image, and the need to interact with the public response and follow-up and admiration and open the discussion, and tags (Hashtaqs).
Al-Ibrahim outlined 10 strategies to increase sales, which are owning a website, linking it to social networks, configuring it for search engines SEO, enhancing presence in social networks, providing a service or product competitive and superior, using tags, using of mailing lists (repetition and recall), providing free things that may be content, sources, and tools according to your experience in your field, building advertising campaigns, and finally strategic partnerships in marketing.
The expanded meeting of the Environment and Food sector reviews its challenges and highlights its achievements
19/02/2019
On Monday morning, February 18, 2019, Asharqia Chamber, represented by the Committee of the Environment and Food, held an expanded meeting with the environment and food sector in order to highlight the challenges of the sector in the region and the most important opportunities for the sector's employees.
The meeting hosted the Dean of the Faculty of Engineering at the University of Alasala, Mohammed bin Ghazi Qonfula, and the Director of the Environment and Food Committee, Talal bin Sultan Al-Rashid.
The meeting discussed the importance of extended meetings as it contributes to the consolidation of the concept of communication with the employees of the sector, which positively affects the service of the national economy in accordance with the Vision of the Kingdom 2030.
Al-Rashid explained that these meetings are a good opportunity to talk about what is new in the environment and food sector.
He pointed out that the meeting discussed many ideas and initiatives distinctive, which contribute to the improvement of the working environment in the business sector, in addition to discussing the challenges associated with the various sectors involved, and realistic solutions to overcome them through quality plans.
Al-Rashid pointed out that these meetings are gaining importance in the review of opportunities that could represent a distinctive investment serving the environment and food sector and will be an important economic and trade anchor.
He pointed out that the expanded meeting aims to exchange views on the most prominent issues facing the business sector.
During the meeting, the Dean of the Faculty of Engineering, Qonfula, gave a presentation on academic experiences in the environment and food sector.
Asharqia Chamber organizes a workshop on the mechanism of calculating calories in Qatif
19/02/2019
On Wednesday, 27 February 2019, Asharqia Chamber in cooperation with the Saudi Food and Drug Authority will organize a workshop entitled, "Calorie Calculation Mechanism for the Food Sector" at the Chamber Branch in Qatif Governorate at 10 am.
The workshop will discuss the importance of presenting the calories to the customers of the food sector, such as restaurants and cafes in a clear way, where they should be presented in front of each item in the list of food and drinks provided to the customers, and to be placed on all types of menus offered permanently, whatever the mechanism of supply.
The workshop also discusses the calculation of calories by displaying the contents of the dish with the need to clarify calories for each dish if the food is presented in the form of individual units divided by taking into account the advertisement of calories separately for all side orders in the menu, such as desserts and food.
The region's talented students are familiar with the programs of Asharqia Chamber in qualifying little investor
19/02/2019
The Chairman of the Board of Directors of Asharqia Chamber, Abdulhakim bin Hamad Al-Ammar Al-Khalidi, received a student delegation, as a part of the Gifted Care Program in the complex Prince Saud bin Nayef school complex (the Primary section), at the headquarter of the Chamber.
The meeting held on Wednesday and itt included 15 students, with the presence of the Secretary General of the Chamber Abdul Rahman bin Abdullah Alwab, the teacher in the Gifted Care Program, Ahmed Hazmi, and the leader of the school, Osman al-Zahrani.
The meeting reviewed the Chamber's activities and programs in qualifying little investor.
The meeting is part of "Leaders' Meeting," which aims to visit leading figures in the region and learn about the secrets of its success and how to invest talent in drawing the future.
Asharqia Chamber offers specialized consultancy for entrepreneurs in Qatif Governorate
15/02/2019
On Wednesday 13/2/2019, Asharqia Chamber, represented by the Small and Medium Enterprises Development Center, organized the "Free Consultation" program for SMEs at its branch in Qatif from 10am to 1pm.
The focus was on most of the challenges faced by these projects in the areas of marketing, finance and management.
The program witnessed a significant increase in the number of applicants for consultancy, where the team assigned includes a number of specialists necessary consultations proposed some practical proposals, based on data and experiences in this regard.
The program, which is one of the programs of the Center for the development of small and medium enterprises in the Chamber, aimed at the basic degree who wish to start their projects, and who suffer from the difficulty of the beginnings, as well as owners of existing small and medium-sized entrepreneurs who may face some challenges in their career and look forward to suggestions and recommendations to help them continue the process and not falling into the risk of failure.
It also attracted those who wish to develop their businesses and projects, and look forward to certain assistance for suitable solutions to some of the obstacles they face now or in the future.
The program also benefited some interested parties who wish to raise their knowledge of SME status and challenges.
This program comes within the framework of a number of activities implemented by the Chamber to support and develop small and medium enterprises that are including training courses, seminars, workshops and extended meetings, which is based on the conviction of the importance of the role of these enterprises in the national economy.
Asharqia Chamber signs MoU with Building Technology Motivation Initiative (Housing Program) to support local content
15/02/2019
On Thursday morning, February 14, 2019, Asharqia Chamber signed a memorandum of understanding with the Initiative to Motivate Construction Technology (Housing Program) that aims at finding innovative technological innovations through attracting expertise in this field and seeking to localize these technologies and incorporate them in the Saudi market, which was hosted at the Chamber's headquarter.
The memo was signed by Hamad bin Mohammed Al-Boali, Deputy Chairman of the Chamber, and Eng. Mahab bin Mohammed Saleh Benten, General Supervisor of the Building Technology Motivation Initiative, that in order to achieve the Vision of the Kingdom of 2030 and to support the objectives of the National Transition Program 2020.
The Housing Program and the National Industrial Development and Logistics Program are two representatives of the Building Technology Motivation Initiative, which is one of the initiatives of the Private Sector Stimulus Plan to achieve the desired objectives of enabling the industry in the construction sector, in addition to promoting investment in human capital to be able to implement the outputs of these technologies.
The MoU also aims to collaborate on attracting innovative building technologies through attracting local and international investments to develop the economy and localize the construction technology industry and contribute to raising local content by raising the production capacity of the local industry that are in line with the National Housing Strategy, which aims to develop and build suitable housing units that are bridging the gap between supply and demand in the Kingdom,
It also aims to empower the industry in the housing sector through specialized workshops.
Agricultural Development Fund: 31.7 billion loans received from the total of 34.7 billion riyals
15/02/2019
On Wednesday, February 13, 2019, Asharqia Chamber organized a meeting within the activities and programs of the Environment and Food Committee, which is directed by the Chairman of the Committee Talal Al-Rasheed.
The Director General of the Agricultural Development Fund, Munir bin Fahd Al-Sahli, said that the volume of loans received were amounted to 31.7 billion of the total 34.7 billion riyals.
He added that the number of loans provided exceeds 457 thousand loans, while subsidies to borrowers exceeded 13.5 billion riyals.
He explained that the total loans approved by the Fund since the establishment were 50 billion until the end of 2018.
During the meeting, he said that the total number of loans to the Eastern region since the establishment of the Fund exceeded 25 thousand loans worth 4 billion riyals.
While the number of specialized projects funded in the Eastern region were 703 projects with loans exceeded 900 million riyals.
He said the funded projects include poultry projects of all kinds, mechanical slaughterhouses, fish and shrimp farming projects, agricultural plant projects, dairy production and processing projects, calves feeding, refrigeration and freezing warehouses projects, meat processing projects, biomass or natural fertilizer projects, egg production, projects to benefit from the remnants of the era of olive or grain, drying projects of some paper products, complex feed plants and other projects.
He pointed out that the Fund provides credit services, including specialized projects and regular loans, credit services for working capital financing and regular operating loans.
He explained that the repayment of credit services is some long-term (10 years) and short-term (two years).
He added that the new financing products and services are the program of financing livestock farmers by providing liquidity to support small livestock farmers to overcome obstacles to the local producer and support rural areas that are characterized by livestock breeding and the creation of multiple funding channels to support the groups engaged in this activity.
He stressed that the proportion of funding is 100%.
The program of funding for primary and mobile veterinary clinics and pharmacies aims to provide the necessary services to the livestock sector and provide suitable employment opportunities for young people in the field of veterinary facilities through ensuring the safety and quality of animal products and raising the economic efficiency of the livestock sector, where the financing rate is 75% - 100%.
He explained that the Fund supports credit facilities and documentary credits through commercial banks in exchange for the guarantee of the Fund for the amount of facilities and documentary credits.
He explained that the Fund supports 4 programs: (Firewood Import Guarantee Program, Agricultural Import Guarantee Program, Green Fodder Import Guarantee Program, and Integrated Feed Industry Support Program.)
He noted that the Fund contracted with three commercial banks to provide credit facilities.
He said that the Fund is moving to provide all services that contribute to the development of the agricultural sector according to its strategy through 4 programs: (a program to support modern technologies in the agricultural sector for specialized projects by raising the funding ratio from 50% to 70% of the volume of funding, investment opportunities for date products, financing for Sustainable Rural Agricultural Development Program.)
He added that the target sectors in these programs are animal production (poultry industry), fish production (floating cages), Plant Production (Greenhouses) and the manufacture of transformative dates.
He stressed that the program to deal with loans of non-performing projects through the introduction of new investors and the opportunity for investors who are wishing to invest in the field of agriculture and the re-operation of the troubled projects of the borrowers of the Fund that contribute to increase the product and reduce the gap between supply and demand in the local markets and contribute to the development of the areas benefiting from the establishment of these projects.
He stressed that the program targets the owners of the projects affected by the Fund and agricultural companies and agricultural investors.
He added that the Fund has developed a detailed plan for the establishment of transformational date plants projects in the Kingdom to benefit from the great productive capacity of the dates sector and to create investment opportunities and employment opportunities for the Saudi youth as well.
He pointed out that the program aims to know and understand the reality of the current date manufacturing industries in the Kingdom and to stand on the current and future status of the market of products of dates and manufacturing industries, explain and detail the marketing, technical and financial feasibility in order to set up dates manufacturing plants and prepare an implementation plan for the stages of setting up date plant projects and to present a proposed scenario for the development of the Kingdom's exports of products of transformational date plants.
Finally, he referred to funding for the sustainable agricultural rural development program by harnessing all IFAD credit services to achieve sustainable rural development in all regions of the Kingdom.
The program aims to develop the production and processing of coffee, the development of beekeeping and honey production, the development of the cultivation and trade of roses, the production, processing and marketing of fruits, strengthening the capacities of small-scale fishers and fish farmers, the development of the small-scale livestock sector, the development of rainfed crops, value-added development of smallholder holdings and traditional rural agricultural activities.
Innovative building techniques offer solutions for quality, time and cost
15/02/2019
On Thursday 14/2/2019, Asharqia Chamber and in cooperation with the Ministry of Housing organized a workshop entitled (revolution of construction technology in housing and its impact on the duration and costs of projects), which was attended by the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel.
The workshop has been stressed the importance of introducing modern and innovative techniques in construction, as it shortens the time and costs, and serve as a fertile ground to provide job opportunities for qualified Saudi youth, as well as their contribution to providing effective solutions adopted by the Kingdom, represented by the Ministry of Housing.
This workshop was held in order to raise the awareness of the business sector of real estate developers and manufacturers in future construction methods and enhance their use of modern construction techniques and work on their adoption and resettlement in the construction sector.
During the workshop, the initiative of building techniques and incentives for developers and manufacturers were introduced.
The general supervisor of the initiative, Eng. Mahab bin Mohammed Saleh Benten, and the Director of Business Development Department Eng. Abdullah bin Abdulaziz Al-Wasel talked about the initiative.
A number of positive data emerged from the use of modern technologies in the field of construction and real estate development were presented, as the most important of which is shortening the time and offering a product of lower quality and price.
Official stressed the support of the Ministry of Housing for projects that rely on these modern means, technical support, material and marketing as well.
They stressed that these technologies support the choices of citizens who are looking for a home that is characterized by a set of specifications in line with modern life and look forward to a better future.
Mohammed Al-Abd Al-Muhsin, the Fund's first credit analyst, Saud Al Mazroua, a credit analyst in the Fund, and Abdullah Al Muaither, a technical analyst in the Fun, talked about the services provided by the Industrial Fund.
It was noted that the Fund during the period from 2000 to 2018 has played a key role in advancing industrial development in the Kingdom, as over 2,000 loans were approved during the period with a total value of more than 121 billion riyals, and disbursed more than 84 billion riyals, and the total amounts paid about 52 billion riyals.
The Fund also supported the development of small and medium enterprises and supporting promising areas.
The ratio of loans to small and medium-sized enterprises and promising areas is close to 14% and 30% respectively of the total value of the Fund's loans until 2018.
He pointed out that since the approval of increasing support rates for the promising areas in 2005, loans to these regions increased by 36%.
Speakers noted that the projects financed by the Fund contributed during the period 2000 to 2018 to the growth of the industrial sector through several indicators, as the most important of which is that the industrial output of the funded projects were amounted to about SR 186 billion.
The total investments of projects funded were amounted to about 379 billion riyals and contributed to the provision of direct employment opportunities about 185 thousand jobs with industrial exports worth 112 billion riyals.
Contributing to the purchase of local raw materials worth 143 billion riyals.
Regarding the most important incentives for those wishing to invest in modern construction techniques, they said that the Fund contributes to the financing of working capital up to 6 months, financing up to 75% and disbursing 20% of the loan amount as a down payment, as procedures take up to 4-6 weeks maximum.
Hamid Hamri, head of the real estate development committee, said, "Our Government has directed all kinds of support for sustainable development in the housing sector, which was clearly expressed by the initiatives and programs provided by the Ministry of Housing.
The Building Technology Motivation Initiative aims at addressing the demand gap for affordable housing by stimulating the adoption of innovative building technologies through enabling the sustainability of the construction sector in the Kingdom to become an added value in the national economy."
Asharqia Chamber, in cooperation with the Building Technology Development Program, recognizes the importance of highlighting the initiative and its objectives and its incentives to both developers and manufacturers to localize innovative construction techniques and develop related operational processes.
The meeting witnessed the presentation of the experience of real estate developers with construction technology presented by Eng. Alissa Al Shayeb.
He stated that the use of Cyberx, which was anti-fire, durability, light weight to facilitate bearing and installation.
Cyberx buildings are more sustainable because they are environmentally friendly in manufacturing and execution.
He pointed out that modern technology contributes to reducing the cost of construction by reducing the number of workers and shortening the execution time to 50% at all stages, and the use of this technique contributes to the program of stimulating building technology and supports the training opportunities of Saudi technicians.
Specialist: Saving is the most efficient way to reduce energy use in buildings
14/02/2019
Asharqia Chamber held a lecture about "green or sustainable buildings" on Wednesday, February 13, 2019 at the Chamber's headquarter in Dammam.
Engineer Yazeed bin Abdulaziz Al-Mutawa», a specialist in green building consultancy, stressed that savings is the fastest and shortest way to reduce energy uses in buildings.
It is at the forefront of the search for new technology to generate.
He pointed out that the savings is through the intelligent reduction in building areas through the use of the system of multi-use rooms, design buildings according to nature, or use highly efficient equipment.
Al-Mutawa said that green buildings are designed with special standards that have the least impact on the environment throughout their lifetime and are characterized by their high efficiency in resource consumption such as energy and water.
Environmentally friendly materials are used to reduce carbon dioxide emissions from buildings, energy depletion and waste water.
Al-Mutawa said that green buildings reduce the negative impact on the environment because it is based on environmentally friendly materials, which does not harm humans and the environment in terms of composition of raw materials.
He pointed out that these materials are not only environmentally friendly chemical and physical composition, but also in their life cycle and production method such as reducing wasted energy from the transmission and distribution process or using material made from organic materials and known contents to facilitate their reuse such as cement slurry, which reduces emissions from conventional cement, or rely on local environmental sources to identify special green cleaning materials that are low in emissions and do not affect human health.
Al Mutawa said that the measurement of green buildings follows LEED, which is an internationally recognized system for the design, construction and operation of green and high-performance buildings based on certificates issued on the basis of classifications and specific standards in terms of location, transportation, land, water efficiency, energy, atmosphere, materials, reuse, quality of internal environment, innovation and design.
For his part, Hamad bin Hamoud Al Hammad, a member of the Board of Directors and the Chairman of the Contracting Committee, said that green or sustainable buildings are today a vital part of the radical changes taking place in the national economy.
It is a fundamental principle within the policies and programs put forward by the Kingdom, as it provides many advantages both to the stakeholders in the construction industry or to the residents of the buildings themselves and society as a whole through combining real estate, clean energy and many other sectors.
He said that the government started to launch initiatives and provide quality programs for the dissemination of the culture of building quality, which contributes to the organization of the sector and reduce the potential risks in the construction of buildings, and is in the achievement of the objectives of Vision 2030 and its aspirations to promote green buildings through improving the quality of life of citizens.
He pointed out that there are many Saudi cities already existing or future to be developed or major projects that are being established with LEED International (Leadership in Energy and Environmental Design), which is leading to the Kingdom taking serious steps to become the world's largest investor in green buildings.
“Social Development” provides 24 million riyals to finance small and medium enterprises
14/02/2019
The Director of the Women's Section of the Social Development Bank in the Eastern Province, Fawzia Al-Qahtani, stressed that the resettlement program (Hal) that was implemented by the Social Welfare Fund, which runs by the Bank, is starting from the current year and has allocated more than 24 million riyals to finance 129 loans to finance small and micro projects.
Al-Qahtani presented a lecture that was held in Asharqia Chamber on Tuesday 12 February 2019 about the Social Development Bank, which was established in 1391.
The Social Development Bank started with a capital of SR 5 million and has increased at intervals until now reached 46 billion riyals.
It has 27 branches throughout the Kingdom, including 7 women's branches.
All of which provide financial and non-financial services, including interest-free loans for small and medium projects as well as micro projects involving charities and productive families, etc.
The bank also provides social loans for home renovation, encouraging young people to get married, as well as non-financial services by promoting savings, capacity-building and others.
Regarding the Saudization program (Hal), the lecturer said that the program coincided with the decisions of the Ministry of Labor and Social Development that is in line with developments in the labor market, as it is very compatible with the resettlement projects adopted by the Kingdom, represented by the Ministry of Labor.
The project was implemented starting this year 1440, where the financing ceiling starts from SR 50,000 to SR 1 million.
Al-Qahtani reviewed a number of trade and service activities targeted at the program as the most prominent activities are: (cars and motorcycles, garments, household & Office Furniture, household Utensils, Auto Parts, household appliances, carpets of all kinds, building materials and construction, clocks).
Regarding the role of the Bank in the decision to settle the 12 economic activities announced by the Council of Ministers, the Bank contributes through funding to support and establish new projects through providing services "training, consulting, guidance, follow-up and evaluation," as well as contributing to business development through "developing innovative business models and developing value chains for activities."
In this regard, Al-Qahtani stressed that the benefits of the Saudization program (Hal) is that it is interest-free financing for a grace period of up to 18 months with easy installments and repayment period of up to 96 months.
It is providing non-financial services such as rehabilitation and sponsorship of projects with a training program, specialized training courses, technical workshops, and financial and marketing advice, all of which are free of charge.
In order to obtain these services, the lecture identified a number of requirements for those wishing to do so, which is: "The applicant must be Saudi, full-time for his/her project, should be between 20 and 65 years, and not be the owner of any facility other than required for financing, do not exceed the financial difficulties if there are limits of 30 thousand riyals, that the arrears have been paid in the social loan, if any, pass the personal interview and training course, and not to exceed the amount of funding around one million Saudi riyals."
In this regard, she said that the number of loans accepted so far were 129 loans worth more than 24 million riyals (24,296,000 riyals).
In conclusion, Fawzia Al Qahtani was honored by the Director of the Center for Business Women in charge of Hanan Al-Wabel.
Also, the partners of the Saudization Program, the Director of the Women Section in the Eastern Province Labor Office, Eman Al Zahrani, and the director of the Women's Section of the Institute of National Entrepreneurship in the Eastern Province, Noura Al-Mulhim, were honored for their participatation in the lecture.
King Abdullah Port is an icon of the ports of the region and a great step in realizing the aspirations of Vision 2030
13/02/2019
The President of Asharqia Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, praised the opening of King Abdullah Economic Harbor in Rabigh, west of the Kingdom, on Monday, February 11 by the Crown Prince and Deputy Prime Minister and the Minister of Defense, Prince Mohammed bin Salman bin Abdulaziz.
King Abdullah Economic Harbor in Rabigh has an area of about 17 million square meters, which is considered as a realistic embodiment to empower the private sector and increase its contribution to the national economy, as it is developed and managed by the private sector.
Al-Khalidi considered the port as a quantum leap in terms of the tracks of the advancement of the logistics sector in the Kingdom.
He congratulated the wise leadership for the development of the port, which is the icon of the ports of the region and represents a major step in achieving the aspirations of the Vision of the Kingdom 2030.
He pointed out that the development of the port comes in response to an ambitious vision that recognized the importance of the need to develop it as a logistical platform for the Kingdom and the world.
He stressed that it reflects the interest of the leadership in major projects that contribute to the achiavement of the Vision and its objectives in diversifying the economic base and to push the Kingdom to be the best logistics hub in the world.
Al-Khalidi said that the port represents a model for large national projects that raise the competitiveness of the Kingdom and make them in the ranks of the most effective countries in the movement of world trade, which provides solutions and facilities for investors based on a strategic location on the Red Sea and near the industrial valley in King Abdullah Economic City and re-export area.
He pointed out its superiority over all ports in the region with its ability to receive large shipping vessels, especially equipped with a dock up to a depth of about 18 meters, which is enabling it to absorb the increasing number of imported goods.
For his part, a member of the Board of Directors and Chairman of the Logistics Committee of Asharqia Chamber, Bandar bin Rafi al-Jabri, said that the development of the port is, on the one hand, an attractive step for qualitative investments in the logistics sector and opens up great opportunities to provide investment opportunities for the business sector in various fields as well as employment opportunities for the national labor forces, and on the other hand, a step that supports the increase of the Kingdom's exports to the outside world.
He thanked the wise leadership and all the supporting bodies for upgrading the logistics sector in the Kingdom.
He pointed out that the port since its opening to receive ships in 2013 is witnessing steady growth as a meeting point of vitality and exchange of regional and international trade routes, and today will witness the development of greater growth due to the increased capacity to receive all ships, whatever size.
He stressed that logistics is the mainstay of trade and its axis with global demand for logistics increasing, especially in the region, as the opportunity was opened for the Kingdom with its ambitious qualifications and Visions to be the most attractive platform.
The private sector presents its views on financial reforms and their impact on development
13/02/2019
On Wednesday, February 13, 2019, Asharqia Chamber organized a workshop on the study provided by Sajini Research and Consultancy Center that is commissioned by the Riyadh Economic Forum in its ninth session 2019, which is considering measuring the impact of financial reforms on economic development in the Kingdom.
The workshop was moderated by the Chairman of the Chamber's Commercial Committee, Hani bin Hassan Al-Afalq, and was attended by a member of the Board of Directors Najib bin Abdullah Al-Sihati, and a group of businessmen and financial specialists.
The workshop discussed a number of topics related to the business sector on the program of financial balance, which was approved in December 2016, as well as the implications of the financial reforms and the extent of their reflection on the rates of economic development in the country and on various projects, both in terms of total demand, operating costs, prices, profitability rates and operating risks.
For his part, the head of Sajini Research and Consultancy Center, Ismail Ibrahim Sejini, talked about the idea of the study assigned by the Center to Riyadh Economic Forum and its objectives.
He pointed out that the aim of the workshop is to draw the views of businessmen and businesswomen from the Eastern Region about the financial reform program and its detailed components and the extent to which it can achieve its objectives, as well as their estimates of the potential impacts of the financial program on various aspects of economic growth and the most important measures and measures to be taken.
He stressed that these views as they support the study and its results, which will be presented at the Riyadh Economic Forum, which avoids the current drawbacks and supports the full utilization of the private sector growth programs contained in the fiscal balance program.
Ismail Sejini said that the study is trying to measure the implications of the financial reforms approved by the government with the launch of the Vision of the Kingdom 2030 by measuring the direction of project results and expectations associated with business environment development in general, as well as the extent to which projects benefit from the private sector growth programs contained in the fiscal balance program.
“Green buildings” in a lecture on Wednesday at Asharqia Chamber
12/02/2019
On Wednesday February 13th, Asharqia Chamber will organize a lecture entitles "Green Buildings" at the headquarter of the Chamber at 6 pm.
The lecture will be presented by the Engineer, Yazid bin Abdulaziz Al Mutawa, the architect specializes in green building consultancy.
Hamad bin Hamoud Al-Hammad, a member of the Board of Directors and the Chairman of the Contracting Committee, said that the lecture comes within the activities and programs of the Committee for the current year, and it highlights the basic features of modern buildings environmentally friendly.
He pointed out that the workshop serves as an awareness window for the contractors and architects sector and those interested in housing construction in the eastern region.
So they will know the best ways and means to deal with green buildings and their requirements, both in terms of water use and energy consumption, as one of the most important factors in the design of green buildings.
The lecture aims at raising awareness of the importance of green or sustainable architecture and their role in conserving environmental resources in order to support their practice in the construction sectors of all types to rationalize consumption and reduce the negative impact on the environment.
Asharqia Chamber organizes a workshop on "Building Technology in Housing"
12/02/2019
On Thursday February 14, 2019, Asharqia Chamber, in cooperation with the Building Technology Initiative (Housing Program), is organizing a workshop entitled "Revolution of the technology of construction in housing and its impact on the duration and costs of projects" at the headquarter of the Chamber in Dammam.
The workshop addresses the Building Technology Motivation Initiative and provides a definition of building techniques and incentives for developers and manufacturers.
It will also review the experience of real estate developers with construction technology, as well as services provided by the Industrial Development Fund.
The Industry and Energy Committee is considering strengthening cooperation with National Power Academy
12/02/2019
On Monday 11 February 2019, Asharqia Chamber, represented by the Industry and Energy Committee that is chaired by Board Member Ibrahim bin Mohammed Al Sheikh, hosted the
National Power Academy at the headquarter of the Chamber.
The meeting was attended by the Executive Director of the Academy Hussein bin Nabil Hanbdadah, the Director of Training and Administrative Development Ahmed bin Mohammed Al-Ghamdi, and a number of specialists.
During the meeting, a team from the Academy presented a presentation explaining their roles and services.
The meeting reviewed ways to strengthen cooperation in serving the business sector specialized in energy and industrial field.
Al-Sheikh stressed that the business sector is interacting with all parties, while serving the Kingdom's Vision 2030 in the transition to energy and renewable energy.
The National Power Academy is an independent non-profit organization that was established under the patronage and partnership between several entities and companies, which is the largest locally and internationally in the energy sector and develop its human resources and manpower, most notably: Saudi Aramco, Saudi Electricity Company, The General Organization for Technical and Vocational Training, King Fahd University of Petroleum and Minerals, Saline Water Conversion Corporation.
It also has the support of the Human Resources Development Fund (HDF), in addition to a number of leading companies and colleges.
A Philippine trade delegation reviews its services in the logistics, nutrition and fashion sectors at Asharqia Chamber
12/02/2019
Saadoun bin Khalid Al Khalidi, member of the Board of Directors of Asharqia Chamber, stressed the strong trade and economic relations with the Republic of the Philippines.
He talked about the growth of bilateral relations between the two countries during the meeting of the Philippine trade delegation, which is headed by the Deputy Consul at the Embassy of the Philippines in Riyadh, Alexander Joseph Aestomo, that was organized by the Chamber on Monday 11 February 2019, at its headquarter.
The meeting was attended by Secretary General of the Chamber Abdulrahman bin Abdullah Al-Wabel, as well as a remarkable number of the business sector and interested parites.
Al-Khalidi said that the Saudi-Philippine trade is expected to grow further in the coming years in view of developments in the Kingdom in the investment procedures in view of the Kingdom's Vision 2030, which signals a new era of economic development in Saudi Arabia.
Al-Khalidi pointed out that according to official statistics, bilateral trade between the two countries rose to 8.6 billion riyals in 2017, compared to 6.1 billion riyals in the previous year.
Saudi imports from the Philippines was about 1.2 billion riyals, while Saudi exports to the Philippines were amounted to 5.7 billion Saudi riyals.
Al-Khalidi urged the business sector in the Philippines to seek investment opportunities in the Kingdom in cooperation and partnership with their counterparts in Saudi Arabia to establish factories and specialized manufacturing bases.
He pointed out that relations between the two countries have exceeded trade and economic relations, in addition, around half a million Filipinos live and work in the Kingdom and have earned a good reputation for their professional skills and positive treatment in social life.
For his part, Alexander Joseph Aestomo said that bilateral relations between the Kingdom and the Philippines are witnessing remarkable development in the social and economic aspects.
He noted that the Philippines exports skilled labor has known this feature.
He emphasized the fame of food products exported by the Philippines to the countries of the world.
He said that the Kingdom and the Philippines recently celebrated the 50th anniversary of the diplomatic relations between the two countries.
He pointed out that the trade delegation provided a range of services and products such as services of the logistics sector, cosmetics, fashion, and fresh fruits such as bananas, vegetables, coconut water, fish, sweets, various kinds of herbal materials.
Environment and Food Committee arranges meeting between the Agricultural Development Fund and the business sector
12/02/2019
On Wednesday, February 13, 2019, Asharqia Chamber will organize a meeting with the Director General of the Agricultural Development Fund, Munir Bin Fahd Al-Sahli, with businessmen and businesswomen from investors in the agricultural sector, at the headquarter of the Chamber in Dammam, at one o'clock.
The meeting, which is a part of the activities and programs of the Environment and Food Committee for the current year that is headed by Talal bin Sultan Al-Rasheed, aims to identify the investors, farmers, fishermen and those interested in the agricultural sector in various fields, including the Agricultural Development Fund and its support mechanisms for agricultural projects, its contribution to raising the lending, financing for projects used for modern agricultural technologies, as well as its objectives in achieving rural development in line with the Vision of the Kingdom of 2030, and review the most important issues and challenges facing the sector and ways to solve them.
It is worth mentioning that the Kingdom has paid great attention to the agricultural sector and has achieved great developmental leaps in quantity and quality in various fields, and has become one of the important tributaries of the national economy, as it provides about 30% of the total food available for domestic consumption.
The program (Nasna) in its 4th week reviews marketing, sales and skills building and preparing factories
12/02/2019
In the 4th week of (Nasna) program, the trainees underwent specialized training courses in marketing and sales, and the skills of building and processing the factories provided by Engineer Nassim Zamit.
The trainees had completed the third week with a number of training sessions that discussed the legal procedures and industrial licensing procedures.
They also had the opportunity to meet at the end of the week with a number of related entities granting industrial permits such as Modon and the Secretariat of the Eastern Region.
The program held at the Chamber's headquarters in cooperation with SABIC in order to show its efforts to support the young business sector in the provision of training for 15 trainees - qualified persons who were selected after the interview - in order to help young investors to establish their small and medium industrial projects.
The program covers several aspects needed by trainees, most notably technical, administrative, marketing, financial, legal and feasibility studies, where trainees undergo 200 hours of training period.
At the end of the program, the trainee will be awarded the professional certificate for qualifying the industrial investor, as he/she will become eligible for support from SABIC's Nosaned program to build his/her own plant.
The three-month program, which ends on Wednesday, 10 April 2019, aims at graduating 30 young people with the capacity and competence to set up small and medium-sized enterprises in an organized and professional manner, where it provides multiple services during the meeting, during which the services of incorporation and financing.
The Chamber and through a joint committee with SABIC held personal interviews with applicants to join the program on a number of criteria the beginning of January, the most prominent of which are: possessing the qualities of successful entrepreneur, scientific or professional knowledge in the field, practical experience in the field, strategic objectives of the project, knowledge of the need of the market impact of the project on the economy, localization of products, in addition to the project's alignment with the Kingdom's Vision 2030 that stressed the idea of providing the project with job opportunities for Saudis, export opportunities, innovation, and financial aspects.
Asharqia Chamber launches New Business service in WhatsApp
10/02/2019
As a part of its continuous efforts to develop its services towards electronic transformation, Asharqia Chamber has launched a new electronic service for all its subscribers that allows them to obtain all information via mobile phone through "WhatsApp" application, the most famous and used social communication in the Kingdom and the world, under the name of "Buisness WhatsApp of Asharqia Chamber."
The Chamber began offering the new free service within a comprehensive program to develop all services in all service sites in line with the aspirations of the participants, as this service allows the registered subscriber to view the schedule of public events in the Chamber, official news, memos, invitations and more.
This trend is part of the electronic transformation steps adopted by Asharqia Chamber in communicating with the participants that is including electronic participation, electronic certification.
The subscriber can initially save the number as a contact, and then send his triple name and the name of the establishment on the service number (0138571111), and only then, he/she can be a virtual subscriber and can receive all the Chamber's messages via "WhatsApp Business."
Free consultation provided by Asharqia Chamber for Small Projects in Qatif
10/02/2019
Asharqia Chamber, represented by the Center for the Development of Small and Medium Enterprises, organizes the "Consultative Meetings" for small and medium enterprises, on Wednesday 13 February 2019 at Asharqia Chamber branch in Qatif.
The program, which is offered to everyone free of charge, is open from 10 am to 1 pm to provide advice and guidance and find appropriate solutions to the challenges facing the owners of this sector in the areas of marketing, management and finance.
The program is aimed at those who are willing to start their projects and small and medium enterprises owners, as well as concerned parties.
The staff of the Chamber participating in this program will give advice and guidance to develop their businesses and projects.
The program is implemented by the Chamber, represented by the Center for the Development of Small and Medium Enterprises, throughout the year in its three branches in Jubail, Khafji and Qatif.
The Social Development Bank reviews the support of small and medium enterprises in Asharqia Branch in Khafji
10/02/2019
The specialists at the Social Development Bank reviewed the support of small and medium enterprises and individuals during a meeting organized by Asharqia Chamber in Khafji Governorate on Wednesday 6 February 2019.
The meeting was headed by Deputy Chairman of the Business Council Khafji Mohammed bin Fawaz al-Subaie, with the presence of the head of the projects sector at the Social Development Bank in Dammam Khalid bin Ahmed Al-Ghamdi, and Head of Credit and Finance at the Bank Nasser Bin Ghazi Al-Mutairi.
The meeting discussed ways to strengthen cooperation with the business sector in the governorate, while serving businessmen and businesswomen and contribute in raising the mechanism of work for the different sectors in Khafji.
Various support tracks and support target groups were also reviewed.
The meeting dealt with the views and proposals of the two parties, which will contribute to the development of the mechanism of communication and overcoming the challenges in order to provide appropriate solutions to the obstacles that may arise in the field of work.
Lack of safety requirements in water projects cause a high percentage of accidents
10/02/2019
The workshop (Occupational Safety and Health in Projects) emphasized that a certain percentage of accidents in the projects of the water distribution sector is caused by suffocation and collapse in the excavation, as many accidents can be avoided by providing reasons for safe behavior in projects.
On Wednesday, 6 February 2019, this workshop was held by Asharqia Chamber, represented by the Contracting Committee, in cooperation with the General Administration for Safety and Industrial Security of the National Water Company, and the Directorate of Civil Defense in the Region, with the aim of educating contractors on the requirements of occupational safety and health and how to work to remedy them to reach a safe work environment in the projects.
For his part, the Director General of Safety and Industrial Security of the National Water Company, Engineer Saeed bin Ahmed Al-Shihri, said that the company seeks to build a preventive approach aimed at a comprehensive and organized mechanism for joint work between the workers in the field of contracting and the company to implement safety and health procedures to preserve life and property.
He stressed the need for safety to be normal and permanent behavior in the workplace with all levels of responsibility so that safety and health at work remain our permanent goal of work.
Eng. Mohammed Bin Ali Al Zahrani (from National Water Company) talked about the work permits and their relationship to occupational safety and health and reviewed the pros and cons of using working permits, the steps of issuing work permits, types of work permits and isolation procedures.
He stressed that a safe work permit is an effective tool to help identify and control risks, avoid injuries, avoid costly mistakes, and contributes to sensitizing all employees to fully understand the reasons and requirements of authorization before starting work.
Failure to comply with authorization requirements or to disregard written procedures and instructions may expose the worker to accident and injury, legal accountability and disciplinary action.
For his part, Lieutenant Engineer Abdulaziz Al Fadhil (from the Civil Defense) talked about the weather and its impact on the work of projects such as the wind, high temperature, rain, cold and snow and so on.
He stressed that each of these conditions affects the progress of projects, which requires certain preventive and safety measures.
He said that the high temperature and humidity to the highest rates in the summer is a danger to health and requires the adoption of preventive measures and safety against heat stress and the sun blow and other health problems associated with excessive heat.
The severity of the cold may cause difficulty in work, which could lead to some of the injuries to workers due to slippage and others.
In addition, the fall of snow or cold in large quantities may increase the load on the roofs, leading to the fall of the roof; also the wind and the like.
Eng. Abdullah Bin Ahmed Shuaie (from National Water Company) spoke about the causes of occupational accidents in the water distribution sector and stated that occupational accidents are often due for two main reasons: reasons related to the working environment (unsafe working conditions), and reasons for employees (unsafe behavior or conduct).
He stressed that the occupational accidents do not occur randomly but have reasons, and all that has a reason to avoid it.
The industrial process is a joint process between the worker and the machine and the environment and any defect in one or more may lead to occupational accidents.
Engineer Salem Bin Mohammed Al-Balawi (from the National Water Company) talked about the safety plans in the projects.
He stressed the need for these plans in all areas of work in the projects.
He stressed that occupational health and safety targets and planning to achieve them include determining what must be done, knowing the resources required, the responsible for implementation, and when it will be completed, how it will be measured through indicators, identify risks, assess their potential, hazard identification, occupational health and safety risk assessment, and risk management procedures.
He also emphasized the need for plans and commitment to all material during implementation.
Tuesday's meeting for Businesswomen Council review the golden period after retirement
06/02/2019
A member of the Board of Directors of the National Retirees Association, Munira Al-Suqair, reviewed a number of services provided by the Association to beneficiaries, during the monthly Tuesday meeting of businesswomen, which is held by Asharqia Chamber at its headquarter on Tuesday February 5, 2019.
She spoke about the title of the meeting (the golden period after retirement) on the importance of work after retirement age.
She noted that the practical woman looks at the retirement phase of work as a start and a new breakthrough in his life at the working level and also social life where the degree of importance and has found her practicing her own business and manages her social life in a structured and better than before.
During the meeting, Al-Suqair discussed a number of important topics, the most important of which are how to gain recruits and community presence, enjoying the retiree lives a healthy and psychological distinct after retirement, and their real impact in government and private agencies.
She also talked about spreading the culture of retirement for pickets and opening all the channels and areas where the retiree spends her time.
At the end of the meeting, the Director of the Center for Businesswomen, Hanan Al-Wabel, honored a member of the Board of Directors of the National Retirees Association of, Munira Al-Suqayer with a commemorative shield.
Director of the branch of the Ministry of Transport: Eastern Province witnessed the implementation of (45) road projects with more than (5) billion riyals
06/02/2019
The monthly Tuesday meeting at Asharqia Chamber held on Tuesday, February 5, 2019 with the presence of the Chairman of the Board of Directors of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, as well as a number of businessmen, media and interested parties.
The meeting was attended by members of the board Bandar bin Rafi al-Jabri and Najib bin Abdullah al-Sihaati, and managed by the Secretary-General of the Chamber Abdulrahman bin Abdullah Al-Wabil.
The Director General of the Ministry of Transport in the Eastern Province, Engineer Ahmed bin Ali Al-Ghamdi, stressed the importance of the logistics sector.
He pointed to the continuous coordination with the business sector to develop infrastructure for road projects, which are the artery of the economic sector in the region.
He explained that the Ministry is working on a number of vital projects that will be an added value to the eastern, and a distinctive mark proud of the region.
He pointed out that the most prominent of these projects will work to decipher the traffic jams caused by the use of trucks for public roads.
He stressed that the new projects will benefit the business sector as it will facilitate the movement of goods between the industrial cities and the port and facilitate the movement of staff and residents better and a shorter period of time.
During the meeting, Engineer Al-Ghamdi said that the Eastern Region is witnessing a dynamic movement to implement a number of road projects and bridges in addition to ongoing maintenance projects, according to high standards of quality.
He pointed out to several projects that the Ministry branch in coordination with the Secretariat of the region is planning to open in the next few months, which will be a milestone that will facilitate traffic to road users.
Al-Ghamdi pointed out that the transport projects, including the roads and railway lines in the Kingdom are witnessing large projects aimed at facilitating the mobility of citizens and residents and provide multiple options that are commensurate with their needs and potentials.
He stressed that the Kingdom seeks to provide transportation services in accordance with international standards and high standards that reflect the real picture of the possibilities of the Kingdom in accordance with Vision 2030.
He pointed out that the economic and trade movement in the Kingdom requires constant follow-up of transport by developing its capabilities and tools.
Al-Ghamdi added that the strategy of the Ministry of Transport included a vision for the future to provide an integrated transport sector covering all modes of transport to meet the needs of the Kingdom of the future and is characterized by safety, effectiveness, efficiency and technological development and promotes and promote economic development.
It also provides a healthy and safe environment for members of the community, including raising the safety level in the transport sector by reducing the mortality rate and accidents in roads, increasing the efficiency and effectiveness of the performance of the transport sector in terms of the implementation of projects time, budget and quality required, and increasing reliance on the autonomous resources of the transport sector through income from road assets.
Al-Ghamdi said work is still underway at the Ministry's branch in the Region to implement (45) road projects with a total cost of (5,057,778,454) billion riyals that are including the Northern Region (Hafr al-Batin – Al-qariyah Al-Olaya - Nayriya - Khafji), number (13) projects at a total cost of (1,644,207,173) riyals, and the Central Region (the capital of Dammam - Jubail - Qatif - Ras Tanura - Abqaiq) with the number of (20) projects at a total cost of (1,539,425,816), as well as the Southern Region (Al-Ahsa – al-Udayd - Salwa - Haradh) with 12 projects at a total cost of (1,874,145,465) riyals.
The branch also works on the operation, maintenance and cleanliness of the Ministry's roads in the Eastern Province with a length of (7,500) km through (12) road maintenance contract and lighting and electricity contract at a total cost of (500) million riyals, in addition to (47) preventive maintenance projects at a cost of (1.200) billion riyals.
In conclusion, the Chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, honored the Director-General of the Ministry of Transport in the Eastern Province honored Engineer Ahmed bin Ali Al-Ghamdi, with a commemorative shield.
Saudi Standards, Metrology and Quality Orgnization is reviewing the services of Saber
06/02/2019
On 5 February 2019, Asharqia Chamber organized a workshop on "the electronic portal (Saber)" that was launched by the Saudi Standards, Metrology and Quality Organization in order to facilitate the procedures for the entry of goods and the reduction of commercial fraud.
The workshop witnessed the presence of the Chairman of the Chamber, Abdul Hakim bin Hamad Al-Ammar Al-Khalidi, Board Member Saadoun Bin Khalid Al-Khalidi, and the Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel.
Sultan Abu-Khashim, Advisor to the Governor of the Saudi Standards, Metrology and Quality Organization, explained steps to take advantage of Saber's e-platform services, from registration and entry through the addition of products and the payment of fees for obtaining the required certificates of conformity and electronically matching consignment certificates.
Eng. Tarek bin Hamad Abu-Aisha, Director General of the Saudi Standards, Metrology and Quality Organization in the Eastern Region, stressed at the beginning of the workshop, which was attended by a large number of entrepreneurs and interested individuals, in the importance of the workshop to provide a comprehensive definition of electronic platform (Saber) and that the Authority opens its doors to all local importers to answer all their queries.
Abu-Khashim said that Saber is a platform that will speed up the time required to put products in the Saudi market and facilitate obtaining certificates of conformity for consumer goods whether imported or manufactured locally to enter the Saudi market.
It also protects consumers from buying counterfeit products and helps by making them available to the necessary information about the products from making consumers the right decision to buy or not.
He pointed out that non-conformity does not necessarily mean that the product is harmful to health and safety, but the product may be unclear information.
The platform is flexible and scalable, ensures product safety, as it stresses the need to ban unsafe products in the market.
It contains more than 30 bodies to grant certificates of conformity recognized by the Saudi Standards, Metrology and Quality Organization.
Abu-Khashim said that the platform aims to protect commercial establishments against fraud and ensure that products are free from defects that may affect the health and safety of the consumer or his environment.
The Saber platform has been developed under the supervision of the Saudi Standards, Metrology and Quality Organization in cooperation with Thiqah Business Services Company to operate and develop it according to the highest standards of efficiency in terms of speed of completion in registration, as well as reducing the time taken to obtain the required certificates.
He added that Saber is in line with the launch of the product safety program, which is an integrated model (legislative, technical, regulatory) that aims to ensure the safety of local and imported products subject to Saudi standards.
He pointed out that it is an electronic platform multilateral and comprehensive of all products, and applicable from all responsible regulators in the Kingdom.
It is linked, for example, to the Customs Authority, to help accelerate the clearance of shipments to the domestic market.
For his part, said the Chairman of the Commercial Committee in Asharqia Chamber, Hani bin Hassan al-Afaliq,said that the workshop came within the framework of the joint efforts between the Chamber and the Orgnization to raise the awareness of the business sector in the Eastern Region on the Saber electronic platform and services to facilitate the entry of goods and reduce commercial fraud and other services that are within the speed of completion and protect investors and consumers.
He pointed out that the national economy is following a comprehensive reform plan launched by the Vision of the Kingdom of 2030.
It is based on the restructuring of the national economy in line with the global institutional and technological requirements.
The Saber portal is in line with the objectives of Vision 2030, as it accelerates the pace of goods entry, reduces commercial fraud, registers products, reduces the time it takes to process products, and obtains the required conformity certificates.
He said that Asharqia Chamber held this workshop in cooperation with the Saudi Standards, Metrology and Quality Organization as they are recognizing the importance of raising the awareness of the business sector from the suppliers and the owners of the local factories, the Saber electronic platform and how to benefit from its services and identify its role in facilitating the entry of goods and goods to the local market
He expressed its thanks to all the businessmen from the Eastern Region of the Authority for their efforts to upgrade the quality of products and services to enhance consumers' protection and competitiveness of the national economy.
Asharqia Chamber monitors the challenges of Saudization in the Logistics Sector
06/02/2019
On Tuesday 05 February 2019, Asharqia Chamber organized a workshop "the challenges of Saudization in the Logistics Sector" at the headquarter of the Chamber in Dammam.
The workshop emphasized the importance of cooperation between training institutions (government and private) with institutions operating in this sector in order to implement training programs and decisions consistent with the requirements of the labor market in this field.
Participants in the workshop stressed the need for coordination between all actors involved in training, especially as the logistics sector is a diversified sector of activities, and there are many requirements of the companies, so the job opportunities are diverse.
A member of the Board of Directors of Asharqia Chamber and the Chairman of the Logistics Committee, Bender bin Rafi al-Jabri, who conducted the workshop dialogues, said that one of the most prominent national options at present is to transform the Kingdom into a global logistics platform through depending on the arms of its people and their ability to employ the Kingdom's logistical advantages to be a global destination for the flow of world trade.
He stressed the ability of young Saudi to vacate all high-level jobs as well as modest in this area, which is a labor-intensive sector.
He pointed out that during the past years, the government of the Custodian of the Two Holy Mosques launched a partnership with the private sector to expand the internal transport networks and the establishment of ports, airports and railways, which positively affected the movement of goods and products and increase investment opportunities and employment in the sector.
Therefore, "we have great opportunities to attract eligible Saudi youth, male and female alike," he said.
Al-Jabri stressed the keenness of Asharqia Chamber and its social responsibility to combat unemployment, attract new graduates and qualify them to work in the private sector.
He called on the logistics companies that participated in the workshop to raise the list of jobs that they aspire to be vacated by the Saudi youth.
Therefore, the Chamber, represented by the Logistic Committee, applies the National Training Centers (private and governmental) to design programs that bridge this gap and contribute to supporting the Kingdom's 2030 Vision in support of all Saudization programs.
The workshop, which is part of the activities of the Logistics Committee in the Chamber, witnessed the attendance and participation of representatives of a number of training institutions (private and governmental), as they confirmed their readiness to implement training programs that qualify the Saudi youth to all professions and jobs in the private sector logistics.
They stressed the need to be limited to these functions and identify the needs and coordination on them since any opens specialization must be coordinated and the availability of all requirements, especially as companies operating in the logistics sector multiple requests and needs, which confirms the need for the required job description.
In contrast, the representatives of some companies specialized in the logistics field emphasized the need for qualified national cadres on many vacant positions.
They expressed their readiness to attract Saudi talent to work in both small and large jobs, and what the national elements, but the basic principles and requirements of the work in these areas, including English language, dealing with information technology, responsibility and work pressure, and then gradually gain experience on the job.
They called for the opening of more specialized training institutes, which provide specialized training in this regard, especially as big companies giant stresses the issue of resettlement in its new contracts with private companies.
The workshop stressed the need for the training curricula provided by colleges, institutes and universities to be consistent with the need of the labor market in this regard.
The participants agreed on the need to study the international experiences in the field of training national cadres on logistics work.
Asharqia Chamber organizes a meeting between the Social Development Bank and the business sector in Khafji on Wednesday
06/02/2019
On Wednesday 6 February 2019, Asharqia Chamber will organize a meeting that aims to discuss the mechanism of support for small and medium enterprises in the province of Khafji at Asharqia Chamber branch in the province at 10 am.
The meeting will host the head of the projects sector at the Social Development Bank in Dammam, Khalid bin Ahmed Al-Ghamdi, and Head of Credit and Finance in the bank, Nasser Bin Ghazi Al Mutairi.
The meeting will discuss ways to strengthen cooperation with the business sector in the province, while serving men and women entrepreneurs and contribute in raising the mechanism of work for the different sectors in Khafji.
The meeting will also discuss the views and proposals of both parties, which will contribute to the development of the mechanism of communication and overcoming the challenges, and to provide appropriate solutions to the obstacles that may arise in the field of work.
The meeting will also present the programs and activities offered by the Bank to the business sector in order to facilitate cooperation in the future.
Asharqia Chamber organizes a workshop about the web portal (Saber)
06/02/2019
On Tuesday, February 5, 2019, Asharqia Chamber organized a workshop on "the electronic portal (Saber)" that was launched by the Saudi Standards, Metrology and Quality Organization in order to facilitate the entry of goods and reduce commercial fraud, at 10:00 am at the headquarter of the Chamber.
The workshop, which is held in cooperation with the Saudi Standards, Metrology and Quality Organization and Asharqia Chamber, aims to raise the awareness of the business sector in the Eastern Region of suppliers and owners of local factories and interested individuals in the platform (Saber) and its services that facilitate the entry of goods and reduce the practices of commercial fraud and other services that fall within the speed of completion and protect investors and consumers at the same time.
Asharqia Chamber organizes a job fair to present 500 jobs for female job seekers in 6 companies
06/02/2019
On Monday, February 4, 2019, Asharqia Chamber organized a job fair for Saudi female job seekers in favor of 6 leading companies at the headquarter of the Chamber in Dammam.
During the meeting, which lasted until 1:30 pm, 500 diverse business opportunities in management, marketing, sales and customer service, were presented for those with high school diplomas and diplomas in administrative disciplines, and a bachelor's degree in Management and Marketing.
Human resources and recruitment officials have been welcomed by prospective job applicants where the job interviews were held with the tasks and the presentation of the appropriate offers.
Asharqia Chamber of Commerce meets in its efforts to support the private sector with qualified national cadres and competencies, where these meetings provide a number of jobs with multiple options for job seekers.
Workshop on the challenges of Saudization in the logistics sector in Asharqia Chamber tomorrow
06/02/2019
Asharqia Chamber will organize a workshop on "The most important challenges in the settlement of the logistics sector" on Tuesday 5/2/2019.
A number of specialists in the fields of training and logistics would participate in the workshop.
The Chairman of the Logistics Committee in Asharqia Chamber and a member of the Board of Directors, Bandar bin Rafi al-Jabri, said that this event and other coming events are in line with the Vision of the Kingdom of Saudi Arabia in terms of full attention to the dependence on the national component in many activities, including various logistics activities, in terms of the serious endeavor to activate the role of the Kingdom by virtue of its geographical location between the three ancient continents (Asia, Africa, Europe) and to be a logistical support area serves the economic trends and the development of trade exchange between the three continents, especially as the Kingdom's position helps them at this level.
The workshop, which will be held at the headquarter of the Chamber in Dammam, will address a number of themes such as how to localize the logistics sector, training and qualification mechanisms to work in the logistics sector, and ways to limit the needs of the labor market.
Through this workshop, the Committee looks forward to raising the Saudization rates in the logistics field.
The program (Nasna) reviews legal procedures and industrial licensing procedures
06/02/2019
The training program (Nasna) continues to provide diverse disciplines and different aspects needed by young investors in the industrial field, whether by establishing their own factories or managing their industrial projects.
The program organized by Asharqia Chamber, in partnership with SABIC, as a part of its efforts to support the young business sector.
It aims to help young investors establish their small and medium industrial projects,
The program also aims to training 15 trainees - qualified persons who were selected after passing the personal interview- where they are currently in the third week of the program for specialized training courses in legal procedures and industrial licensing procedures provided by the legal trainer Obaid Al-Obeid.
The program will also host a number of relevant grantors at the end of the week.
The trainees completed two training weeks during which the trainers presented the feasibility studies and financial aspects.
Next week, training courses will be launched for marketing, sales and construction skills.
The three-month program, which ends on Wednesday, April 10, 2019, aims to graduate 30 young people with the ability to set up small and medium sized enterprises in a systematic and professional manner, offering multiple services during the conference.
During which the trainee will be presented with a certificate of professional qualification for the industrial investor qualification, as he will be eligible to receive support from SABIC's "Nossand" program to build his own factory.
The Chamber and through a joint Committee with SABIC held personal interviews with applicants to join the program in the beginning of January on a number of criteria such as possessing successful entrepreneurial qualities, scientific or professional knowledge in the field, practical experience in the field, strategic objectives of the project, knowledge of the need of the market impact of the project on the economy, the localization of products in addition to the project's compatibility with the directions of the Vision of the Kingdom 2030, and provide the project opportunities for Saudis, and export opportunities, innovation, and financial aspects.
It is worth mentioning that the program covers many aspects needed by trainees, most notably technical, administrative, marketing, financial, legal and feasibility studies, where the trainees undergo 200 hours of training during the training period.
Asharqia Chamber Launches the Young Businessmen's Initiative (Hand in Hand)
06/02/2019
Asharqia Chamber, represented by the Young Businesswomen Council, will launch on Sunday 3rd February 2019 the initiative of the Council (hand in hand), which aims to provide facilities and overcome the challenges that young businesswomen in the Eastern Region may face when starting their projects through partnerships with sponsors.
His Royal Highness Prince Saud bin Nayef, the prince of the Eastern Province, has launched the initiative mid-January in his office in the Diwan of the Emirate.
His Highness stressed the importance of the role played by Saudi women in providing the national economy with qualitative initiatives and improving the environment of the business sector.
The Chamber has signed six agreements with a number of partners that will provide a variety of services to business leaders who are willing to start their own businesses.
This is a translation of the initiative that put forward by the Council with a view to providing free or cost-effective services to leaders.
In addition, the President of the Council, Najla Bint Hamad Al-Abdulqader, said that the initiative will be launched through a special web page that will be within the official website of Asharqia Chamber.
The applications will be received after the registration of the entrepreneurs on the site and the introduction of their personal information and details of their projects, as well as the type of service they need.
She noted that all applications submitted through the site will be received by a dedicated team that will be evaluated and screened by the team and then directed to qualified partner that provides the service needed by the entrepreneur.
Al-Abdulqader said that the initiative targets the business entrepreneurs in the Chamber whose business history does not exceed three years, where partners will provide various services such as the provision of low-cost office space, consulting, legal and marketing services, in addition to accounting and technical services.
She pointed to the complementary role of the Chamber with business institutions in providing initiatives that aimed at providing assistance and support to emerging projects.
She said that these agreements will contribute to raising the ability of business leaders to overcome the challenges that may face in their projects, which often suffer from stumbling during the first years.
Nine financial solutions for the disabled endowments
06/02/2019
Dr. Mansour bin Abdulrahman Al-Ghamdi, Professor at King Abdulaziz University, presented nine financial solutions to the disabled endowments, during the second meeting in the third session of Awqaf Diwaniyah, which was held at Asharqia Chamber, represented in the Center for Social Responsibility, under the title (financial solutions for the disabled endowments) on Wednesday, January 30, 2019.
The meeting was attended by a member of the Board of the Chamber and Vice Chairman of the Endowment Committee, Mr. Hamad bin Hamoud Al-Hammad, and a group of businessmen of the region, interested individuals and specialists in the field of endowments.
Al-Ghamdi explained that the solutions of the waqf endowments are varied and suitable for each case separately from either the waqfs that have stopped or suffer from crises of all kinds, as there is no one solution for everything, but each case should be addressed appropriately.
He pointing to the financing solutions through the construction and operation contracts, and the debt on the moratorium to reform, or integration with another entity, whether a moratorium or a company, with the aim of increasing revenues and emerging from crises of default and bankruptcy and its benefits include reduced production costs, increased financial capacity and efficiency in performance.
Al-Ghamdi went on to say that there are other solutions, namely, the tendency to activate the resources that are not being used, to work to rationalize expenditures and expenses and financial and administrative restructuring, as well as the solution to replace the moratorium by selling it and buying others and amending the condition of the waqf and dividing the common money, which have legitimate solutions.
Al-Ghamdi said that the suspension of the degrees begins with the lack of utilization and then stop the suspension of any partial losses and then get partial failure and then comes the stage of public disruption.
He pointed out that the reasons for the suspension of the stay multiple, either because of the negligence or ignorance of the management of the endowment, or the detainee itself and change the circumstances surrounding it or the procedural environment of new regulations and regulations.
At the end of the meeting, the member of the Board of Directors and Vice Chairman of the Endowments Committee, Mr. Hamad bin Hamoud Al-Hammad, presented a commemorative plaque to the guespeaker Dr. Mansour bin Abdulrahman Al-Ghamdi, a professor at King Abdulaziz University.
Lawyers' diwaniya in Asharqia Chamber discuss the development of the legal profession
06/02/2019
The Committee of Lawyers and Legal Advisors at Asharqia Chamber, during a meeting of lawyers' diwaniya that was held on Monday at the headquarters of the Chamber, highlighted the subject of developing the profession of law in terms of coverage of the work of custody and judicial liquidation and the courts of enforcement, especially the exercise by others of the profession which requires habeas corpus, pleadings and submission of memorandums.
During the diwaniya, which witnessed a significant presence of lawyers in the Region, the obligations and rights of the lawyer and what are the requirements to practice the profession with all independence and neutrality and professional and behavioral obligations were discussed.
The Chairman of the Committee of Lawyers in the Chamber, Khalid bin Abdul Latif Al-Saleh, talked about the need to find controls and rules for the work of the custody of companies and legacies and the need to establish conditions in the appointment of either liquidator of the company or the estate, the most important of which is obtaining a license to practice law.
Al-Saleh pointed out that the courts of implementation are part of the general judiciary and that the parties to the dispute must be represented by licensed lawyers, whether in the implementation of judicial decisions or in implementation disputes, all that is stipulated in the system is the jurisdiction of the enforcement judge.
Al-Saleh praised the role played by the Ministry of Justice in organizing the profession, facilitating the work of the lawyer and emphasizing the application of texts and the provisions of the system of legal proceedings and its executive regulations before all courts.
Lawyers' Diwaniya also addressed ways to protect the profession from practicing law without a license, as well as urging lawyers to cooperate and provide advice among themselves and abide by the provisions of the law and its executive regulations and purifying the profession of the outsiders.
The diwaniya witnessed an open dialogue between the lawyers as they expressed their suggestions and questions about the development of the profession and how to overcome the difficulties it faces.
Asharqia Chamber's Contracting Committee reviews its activities during the first quarter
04/02/2019
On Tuesday, January 29, 2019, the Contracting Committee in Asharqia Chamber, headed by Hamad bin Hamoud al-Hammad, discussed its work programs for the current year during its first meeting at the headquarter of the Chamber.
Al-Hammad said that the meeting reviewed many of the activities that came on the agenda of the Committee during the first quarter of the current year, which aims to contribute to the development of the sector and to discuss the specialists and officials in the relevant departments to overcome the challenges facing the sector.
The meeting discussed a number of programs that will be implemented by the Committee during the coming period, which is contributing to the sector to support the ideas and initiatives that benefit the members.
The committee was also hosted the Director of Partnerships at the Mawa Charity, Eng. Saeed Al Qahtani. As the Committee was briefed on the objectives of the Charity and its achievements and the most important future programs.
The Committee on Industry and Energy is looking into the potential of King Fahd University to qualify the human cadres in the industrial sector
04/02/2019
The Committee of Industry and Energy at Asharqia Chamber discussed with His Excellency Dr. Sahl bin Nashat Abduljawad, Director General of King Fahd University of Petroleum and Minerals and Chairman of the Board of Directors of Dhahran Techno Valley Company, ways to strengthen cooperation with the university in the service of the labor market, during the Committee's visit, which is headed by Ibrahim bin Mohammed Al-Sheikh, to the University's headquarter in Dhahran on Tuesday 29 January 2019.
Al-Sheikh said that the Committee had seen the huge potential of the University and the educational and training tracks, which would qualify national human resources through commensuration with the diverse disciplines of the labor market and various tasks in line with the development in the business sector in various regional and global countries.
The Committee als
