Al Atishan: The
initiative is in line with the efforts of the Chamber accordance the vision of
the Kingdom 2030
Al
Sheikh: Great opportunities for the development and localization of local
industries and the creation of new jobs.
Al
Qahtani: The initiative enhances the productive capacities of small and medium institutions.
Asharqia
Chamber launched on Tuesday, April 11, 2017 in a press conference attended by
representatives of the various media. The latest initiatives Tasheel program,
which is an innovative program through which Asharqia Chamber coordinates with
major strategic companies such as Aramco, SABIC, Maaden, Saudi Electricity and Sipchem
are among the leading businessmen and local investors to facilitate contracting
procedures and offer contracting and supply opportunities as part of their
efforts to support the national product and national suppliers by offering
products of these major companies and marketing their available investment
opportunities and local manufacturers and suppliers.
Keeping up with
Vision 2030
In
the conference, Chairman of Asharqia Chamber, Abdulrahman bin Saleh Al Ataishan,
said that Tasheel program, which is the latest in the Chamber programs to
activate the investment movement in the region, provides the opportunity for
large companies to present their products and investment opportunities among
the businessmen of the region. A
link between the major economic entities, manufacturers and local traders),
which enriches the investment activity in the region with more production and
employment opportunities for national forces, pointing that the program is in
line with the efforts of the Chamber in keeping with the new economic plans and
the vision of the Kingdom 2030, fundamental
changes in the structure of the national economy by increasing national non-oil
investment and localization support industries and enhance the competitiveness
and the transfer of the kingdom from the 25 rank in the Global competitiveness
Index to one of the top ten by the year 2030.
Al
Ataishan said that the Chamber presentation of this initiative, which aims to provide
opportunities for purchasing, manufacturing or other opportunities for large
companies, is a strong support for the investment process not only in the
Eastern Region but also in the Kingdom in general and in the business sector in
the Eastern Region, which in turn serves the economic interests of the country.
Al
Ataishan explained that Asharqia Chamber always seeks to provide unique and
innovative services that meet the aspirations of the business sector to ensure
continuous progress through the optimal investment of available resources and
renewable technologies. He pointed that the program is a new contribution by
the Chamber in the economic development of the region. Industries and national capital.
As
for Tasheel mechanism, the Chairman of
the Chamber said that the program will be held periodically in the form of a
one day event or event in the main headquarters of the chamber. Each event will
be dedicated to a major company for visual presentations and discussions about
its most prominent products and the latest technologies applied in it.
The
program will also familiarize the participating businessmen with the owners of
local companies, factories with the opportunities to invest in these products
and how to use them commercially and industrially, as well as explore the needs
of these companies from local suppliers for the coming years.
Supporting local
component
For
his part, Asharqia Chamber member Ibrahim bin Muhammed Al Sheikh said that the
program, in addition to its aim to achieve direct communication between the two
parties of the national investment, the major companies on the one hand, and
the national investor on the other hand, also achieves many indirect benefits, local
industries, and create new job opportunities to absorb growth in the labor
force, therefore contributing to reducing
the unemployment rate, which the kingdom aims to reduce from 11.6% to 7% by the
year 2030.
Al
Sheikh said that the program activates the industrial and commercial movement, therefor
enhancing the economic growth rate of the Kingdom. It also improves the
performance of the balance of payments as a result of increasing exports,
decreasing the dependence on imports and limiting the flow of the capital
abroad. It
is consistent with the target of the kingdom vision of raising non oil exports
of the total non oil gross production ratio from 16% to at least 50% by the
year 2030.
Increasing
the contribution of small and medium
institutions
For
his part, the member of the board of directors of Asharqia Chamber, Nayef bin
Thalab Al Qahtani said that the program has a new idea in its content, but the
program «Tasheel» based on a new content is to attract the national capital to
local investment opportunities by developing opportunities provided by local companies
in
front of the eyes of the private sector directly, which leads to further economic
progress in the region.
Al
Qahtani pointed that the program supports the increase in the contribution of
small and medium institutions in the gross production, accordance to the target
of the Kingdom vision of increasing the share of small and medium institutions from
20% to 35% by 2030. the
establishment of strategic relationships between institutions and large companies
in the Kingdom and to identify opportunities for cooperation between them, as
well as enhancing the productive capacity of small and medium institutions .
Mthod of the program
For
his part, Secretary General of the Chamber Abdulrahman bin Abdullah Al Wabel
said that the program provides an innovative model to ensure that it provides a
platform for answering queries and facilitating the registration of suppliers,
allowing businessmen and investors to record their data as official suppliers
in the company, and the most prominent needs of the local market, indicating
that the targeted groups of the program are limited to local manufacturers,
businessmen and investors in the region.
Al
Wabel said that the program is in two stages, the first is to provide
presentations of the most prominent products of participating strategic
companies and opportunities for contracting and supply, while the second stage
is through direct sessions of investors and owners of small medium institutions
with officials in the fields of investment in companies to provide consulting and facilitation of procedures.
