“Investment” and “Northern Borders Chamber” discuss investment opportunities in the region

“Investment” and “Northern Borders Chamber” discuss investment opportunities in the region

His Excellency the Governor of the General Authority for Investment, Eng. Ibrahim bin Abdul Rahman Al-Omar met today with the Chairman of the Board of Directors of the Chamber of Commerce and Industry in the Northern Borders Region, HE Eng. Manea Al-Khelwi, members of the Board of Directors, and a group of businessmen and businesswomen in the region.

The two parties discussed the most important investment challenges that may face investors, and the mechanisms of cooperation by developing the most prominent opportunities available in the promising sectors in the region, and facilitating investment procedures in them, which will contribute to their marketing locally and globally.

During the meeting, the Governor’s Undersecretary for Investor Services and Consulting gave a presentation on the Authority’s role in developing the region and the most important investments in it, in addition to the most prominent reforms in the investment environment in the Kingdom, and its role in developing investment opportunities in a number of promising sectors targeted by the Authority within its strategy and including It is in line with the Kingdom’s 2030 vision, providing advanced services in line with the goal of increasing the contribution of foreign and domestic investment in the local economy.

For his part, the Deputy Governor of the General Authority for Investment for the Development of the Investment Environment, Dr. Ayed bin Hadi Al-Otaibi, made a presentation on the role of the Executive Committee to improve performance in the private sector and motivate it to participate in economic development “Taysir”, during which he stressed that the committee was formed with the aim of addressing the obstacles of the private sector to facilitate procedures and improve Business environment and reaching better results, indicating that the committee has so far submitted approximately 222 reforms in the investment environment in the Kingdom.

At the end of the meeting, the President of the Chamber extended his thanks and appreciation to His Highness the Prince of the region, His Royal Highness Prince Faisal bin Khaled bin Sultan bin Abdulaziz for his keenness and permanent directions in order to achieve development and development for the region according to the Vision 2030. He also presented a memorial shield to His Excellency the Governor on this occasion, thanking His Excellency for his interest and keenness to visit the headquarters The room to meet businessmen and women.

It is noteworthy that the General Investment Authority has prepared a list of the most important investment opportunities for each region of the Kingdom, relying on the comparative advantages of each of them in order to expand its investments, attract more foreign investments and develop local investments to achieve economic diversification in the Kingdom.

Developing the economic sector in the northern border region and overcoming the obstacles it faces

To cooperate with the relevant authorities in boosting the Kingdom's exports through land ports in the northern border region. Attracting internal and external investments to the northern border region. Working to reduce unemployment rates in the region, especially among women. Create an appropriate environment for small and medium enterprises in the region to play a major role in achieving the desired development. Development of the chamber and raising its efficiency in serving the region's economy

Join the Newsletter to Receive More