The Saudi government informed the private sector that the Jdeidet Arar border port with Iraq has been well equipped for freight transportation, in a step that will help increase direct trade exchange between the two countries, according to official information obtained by Asharq Al-Awsat.
The Public Transport Authority called on the private sector, including importers and exporters, to take advantage of the port facility, which was now ready to accommodate the movement of freight and the exit and entry of truck drivers of all nationalities without exception.
Meanwhile, experts told Asharq Al-Awsat that the approval of the Saudi Council of Ministers to regulate the governance of the export movement would contribute to increase national exports and achieve sustainable growth in the national economy. They added that the government was currently intensifying its efforts to facilitate the access of local products to regional and global markets.
During a meeting chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz on Tuesday, the government agreed to regulate the governance of export prevention and restriction procedures, with the aim of unifying the decision-making process and improving the efficiency of the export environment.
Minister of Industry and Mineral Resources Bandar Alkhorayef stated that the new decision reflected the state’s keenness to take all measures and regulations to revive the national industry and enhance its global competitiveness.
CEO of the Saudi Export-Import Bank, Saad Alkhalb noted that the cabinet’s approval to regulate the governance of export prevention and restriction measures was aimed at enabling the export system to be a major contributor to the development of the non-oil economy, and would boost the ability of national products to compete globally.
In remarks to Asharq Al-Awsat, the head of the Saudi Center for Governance, Nasser Al-Sahli, said the export movement would be organized by standardizing and facilitating procedures to achieve sustainable growth in the national economy.
