The Latest Breaking News from Federation of Saudi Chambers

The Federation of Saudi Chambers said there are five challenges facing the development of the date sector in Saudi Arabia. The Kingdom is hoping the sector would make significant contributions to its GDP. First Vice President of the Federation Tariq al-Haidari said the sector faces weak marketing, especially e-marketing. Haidari…

The head of the National Committee for Food Supply in the Federation of Saudi Chambers said Indian rice producers have conveyed a message of reassurance that Basmati rice - the most sought-after variety in the region – would not be affected by drought and lack of rainfall, currently affecting India…

With the qualitative leap that Saudi Arabia has achieved at the global economic level, the real estate sector is expected to lead one of the engines of the country’s economic growth in the coming period, as private sector investments have exceeded 254 billion riyals ($67.7 billion), according to recent estimations.…

Saudi Arabia has revealed that it has an estimated 76 investment opportunities in six different areas of defense and military industries. Ayma al-Hazmi, head of the Saudi Local Content and Government Procurement Committee at the Federation of Saudi Chambers, stressed that the General Authority for Military Industries plays important roles…

President of the Saudi Contractors Authority (SCA) Zakaria al-Abdul Qader revealed that the number of workers in the contracting sector has reached three million in various professions. He revealed that 165,000 companies operate in the contracting sector in the Kingdom, ranging from small, to medium, and large enterprises. He said…

Saudi Arabia is preparing to launch the first company specialized in the marketing of agricultural products, with funding from the Agricultural Development Fund amounting to 700 million riyals (USD 186.6 million). The National Agricultural Committee said the move would further support investors in the agricultural sector and Saudi farmers in…

Abdul Rahman Al-Samari, head of the Saudi Local Content and Government Procurement Authority, said that Saudi Arabia was issuing legislation to enhance the competitiveness of the domestic product and enable it to access regional and international markets. He stressed in this regard that the authority has made great efforts in…

Italian MP Elena Morelli, who chairs the Italian-Saudi Parliamentary Friendship Committee, has discussed ways to open headquarters for Italian companies in Saudi Arabia. Morelli called for motivating Italian companies by simplifying and standardizing procedures, noting the availability of great cooperation opportunities between Riyadh and Rome in the renewable energy sectors,…

A delegation from Djibouti, led by Chairman of the Djibouti Ports and Free Zone Authority Aboubaker Omar Hadi, held talks with members of the Saudi business community at the Federation of Saudi Chambers in Riyadh on Tuesday. Discussions tackled the economic and investment opportunities and means to double trade exchange…

The Board of Trade of Thailand has signed a memorandum of understanding (MoU) with the Federation of Saudi Chambers on cooperation in five areas to boost trade and investment between the two parties.

Saudi Arabia has asked investors to maintain environmental and social standards and contribute to social responsibility. Following the new investment law, Riyadh asserted that new investors must work from their headquarters inside the Kingdom, provided that the Ministry of Investment facilitates the required procedures. Asharq Al-Awsat learned that the Federation…