Prince of Northern Borders launches the first economic forum in the region

Prince of Northern Borders launches the first economic forum in the region

His Royal Highness Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of the Northern Borders Region, inaugurated the first economic forum in the region, under the title “Northern Borders Region .. Promising Investment Opportunities”, organized by the Chamber of Commerce and Industry in Arar, in the presence of a number of ministers and government agencies.

In his speech delivered on this occasion, His Highness said: “In light of what the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Highness the Crown Prince, may God protect them, pay great attention to economic development by relying on the nation’s arms to invest its wealth, it is checking this economic forum Study investing our human potentials in the northern border region, attracting minds, investing assets, attracting more investments, and giving opportunities to the initiators of the region’s sons and daughters, the people of competencies, hoping for more successes.

He affirmed his keenness and follow-up through the emirate’s initiatives in the areas of governance, empowerment and motivation, and that the northern border region and its esteemed people have successful experiences that are not based on theory and ideals, but on implementation and mechanisms, according to strategic plans based on follow-up, supported by performance indicators, away from prejudices And the attached personal impressions, especially since this region is worthy of achieving aspirations, in fact with these aspirations … especially since the region is blessed with human and natural resources and capabilities.

As Prince Faisal bin Khalid bin Sultan indicated, he has given priority to developing the private sector a great priority, indicating that in cooperation with the branch of the Ministry of Trade in the region, the Chamber of Commerce and Industry in Arar, and large companies, and with the concert of businessmen, we all seek to create an attractive investment environment, based on the advantages of the region that correspond to With Vision 2030 and its executive programs, especially in the mining and industry, entertainment and tourism aspect, we are also looking to take advantage of the optimal opportunities offered by the Public Investment Fund, the Investment Authority, and the General Authority for Small Enterprises and Medium-(facilities) fund to support national employment, to improve the investment environment, attracting investors, sponsors and supporters.

His Highness stressed the need for the city of Waad Al-Shamal and the companies it embraces to play the economic, cultural and social development of the region through offering investment opportunities and attracting investors from inside and outside the Kingdom in addition to preparing the people of the region to seize it, and by committing to the social responsibility of companies as core businesses that contribute to cultural and social development to be The investment environment in the region is an attractive and stimulating environment for investment.

On this occasion, His Highness, the Governor of the Northern Borders Region, announced that a monthly meeting will be allocated to businessmen in the region, and in the presence of all departments and parties concerned with investment and development, to study and promote its incentives, obstacles and treatment, and extend the bonds of constructive cooperation, to raise, develop and build, and enhance the attractiveness of the investment area, with its vital governmental and private sectors To raise productivity, generate job opportunities, and improve living standards.

Upon his arrival at the celebration site, a number of civil servants and military officials were received, then the royal peace was played, and the rhetorical ceremony began with recitation of verses from the Noble Qur’an.
After that, the head of the Chamber of Commerce and Industry, Eng. Moneea bin Saleh Al-Khulaiwi gave a welcome speech to His Highness the Emir of the Northern Borders Region and the participants in the first economic forum in the region.

Then, His Highness witnessed the signing of a cooperation agreement to exchange information, data, studies, research and reports in the field of entrepreneurship and small and medium enterprises between the Public Authority for Small and Medium Enterprises “establishments” and the Chamber of Commerce and Industry in Arar. The agreement aims to enable the sector of small and medium enterprises to develop and prosper and make this sector an essential engine for economic development and possible To achieve the goals of the Kingdom’s 2030 vision, then His Highness inaugurated the economic and investment map

After that, His Highness honored the sponsors and supporters, as well as the founders who participated in establishing the Chamber of Commerce in Arar, and then took memorial photos with his Highness.

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