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The Latest Breaking News from Federation of Saudi Chambers

Saudi to Identify Challenges Facing Construction Permits for Commercial Buildings

Efforts are underway to identify the challenges related to obtaining construction permits for commercial buildings in Saudi Arabia. Proposed solutions are being developed and shared with the Ministry of Municipal, Rural Affairs, and Housing, in anticipation of presenting the final plan at the periodic meeting of the Executive Committee for…

Asharq Al-Awsat

Kenya’s Trade Minister: Nairobi to Witness Qualitative Cooperation with Saudi Arabia

Kenya’s Minister of Trade and Industry Moses Kuria said that Africa, and his country in particular, would not allow its resources to be exploited in the US-Chinese trade war. He noted that Kenya looked forward to strengthening economic ties with Saudi Arabia by reviving axes of cooperation. In an interview…

Asharq Al-Awsat

Kenya Proposes 23-Point Plan to Strengthen Economic Ties with Saudi Arabia

Kenyan Minister of Trade and Industry Moses Kiarie and an accompanying delegation of Kenyan institutions and companies have met with representatives of the Saudi business sector at the headquarters of the Federation of Saudi Chambers. During the meeting, the minister proposed a 23-point plan to strengthen and advance Kenya's economic…

Asharq Al-Awsat

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Saudi Arabia, Azerbaijan Agree to Establish Joint Business Council

The Federation of Saudi Chambers (FSC) and the Small and Medium Business Development Agency in Azerbaijan signed on Monday an agreement to establish a joint business council in efforts to enhance intra-trade between the Kingdom and Azerbaijan and increase the volume of trade and investment cooperation. The signing of the…

Asharq Al-Awsat

French Companies Eye Investment Opportunities in Saudi Security, Defense

Federation of Saudi Chambers hosted a delegation of 18 French companies specialized in security and defense-related fields to discuss cooperation, partnership, and investment with the Saudi business sector. The Head of the Saudi-French Business Council, Mohammed bin Laden, praised the partnership approach between the council and Business France, the national…

Asharq Al-Awsat

Saudi Arabia, South Korea to Cooperate on 40 Projects, Economic Initiatives

The Saudi Minister of Investment, Khalid al-Falih, revealed that 26 agreements were concluded with a total value of about $29 billion during the visit of the Saudi Crown Prince, Prince Mohammed bin Salman, to South Korea. Falih confirmed to Al Arabiya channel that the Shaheen project is the biggest foreign…

Asharq Al-Awsat

Saudi Arabia, Finland to Establish 1st Joint Business Council

The Federation of Saudi Chambers and the Finland Chamber of Commerce signed on Friday a memorandum of understanding (MoU) in Helsinki to establish a joint Saudi-Finnish Business Council. Under the MoU, the Council will carry out commercial and promotional activities systematically in the field of trade and investment, while focusing…

Asharq Al-Awsat

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Saudi-German Business Forum Discusses Industrial Cooperation

Saudi Arabia and Germany discussed industrial cooperation, especially in the automobiles, medical technology, and artificial intelligence sectors, at the Saudi-German Business Forum. Organized by the Federation of Saudi Chambers, the Forum was held in Riyadh with the participation of more than 40 Saudi and German companies, from various economic sectors,…

Asharq Al-Awsat

Saudi-Yemeni Business Council Formed to Complete Joint Projects

Saudi Arabia and Yemen are strengthening investment and economic cooperation by building partnerships between their private sectors to seize available opportunities. This affirms Riyadh’s commitment to development and economic projects in Yemen. The Federation of Saudi Chambers announced on Monday accrediting the final formation of the Saudi-Yemeni Business Council for…

Asharq Al-Awsat

Saudi Local Companies Produce around 11 Million Tons of Feed Annually

Eng.

Asharq Al-Awsat

Saudi Arabia, Qatar Review Strategy for Joint Business Council

Saudi Minister of Investment Khalid al-Falih held talks at the Federation of Saudi Chambers headquarters with the chairman and members of the Saudi-Qatari Business Council. This comes as Saudi Arabia and Qatar are preparing a joint strategy for business in the private sector in the two countries.

Asharq Al-Awsat

Local Content Purchases in Saudi Private Sector Estimated at $26 Billion

A gathering of the business sector and companies in Saudi Arabia estimated the volume of contracts targeting local content purchases in the private sector to exceed 100 billion riyals ($26 billion). The Federation of Saudi Chambers, represented by the National Committee for Local Content, in cooperation with the Local Content…

Asharq Al-Awsat

Saudi, Thai Officials Discuss Free Trade Agreement between GCC, Thailand

The Saudi Minister of Commerce, Majid al-Qasabi, discussed on Sunday in Riyadh with Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit the ways to strengthen fraternal ties between the two countries at the governmental and private levels. The two officials discussed the possibility of signing a free…

Asharq Al-Awsat

Federation of Saudi Chambers Launches Employee Leasing Initiative with 50 Financing Entities

The Federation of Saudi Chambers (FSC) launched an initiative to encourage banks and various financial institutions to provide finance products and installment services for employee leasing in the Saudi market. This comes in light of the high demand for manpower and the increase in the volume of investments and projects.

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Dates Sector Faces 5 Challenges

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…

Asharq Al-Awsat

India Reassures Gulf Countries of Rice Availability

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…

Asharq Al-Awsat

Saudi Non-governmental Real Estate Investment Nearly Exceeds $68b

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.…

Asharq Al-Awsat

Saudi Offers 76 Investment Opportunities in Military, Defense Industries

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…

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Asharq Al-Awsat

Agreement Signed to Advance Saudi Contracting Sector

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…

Asharq Al-Awsat

Saudi Arabia to Launch First Specialized Company for Marketing Agricultural Products

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…

Asharq Al-Awsat

Saudi Legislation Promotes Competitiveness of Local Products to Access Global Markets

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…

Asharq Al-Awsat

Rome Pushes for Opening HQs of Italian Companies in Saudi Arabia

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,…

Asharq Al-Awsat

Djibouti Invites Saudis to Invest in Africa’s Largest Free Trade Zone

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…

Bangkok Post

Pact to smooth Saudi trade, investment ties

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.

Asharq Al-Awsat

Saudi Arabia Orders Investors to Maintain Environmental Standards, Develop Local Infrastructure

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…

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