CSC to act as ‘pressure group’

Updated 30 April 2014
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CSC to act as ‘pressure group’

The Council of Saudi Chambers (CSC) will introduce the economic offset program for civilian contracts after it was successfully tested with military contracts, says its newly appointed Chairman Abdul Rahman Al-Zamil.
He emphasized the need for the council to act as a pressure group to safeguard the Kingdom’s economic interests rather than becoming “a body that organizes seminars and lectures.”
“Our first step will be to implement a decision taken by Custodian of the Two Holy Mosques King Abdullah regarding application of the Economic Offset Program vis-a-vis civilian contracts,” the president said, a day after his appointment as CSC president.
He called for reinvesting 40 percent of the civilian contracts signed with foreign companies and contractors. A number of committees have been set up to implement the king’s decision, he added.
“If this decision is implemented properly, it would result in boosting foreign investment in the Kingdom,” Al-Zamil said, adding that it would help attract about SR50 billion in investment every year. Foreign companies receiving military contracts invested 30 percent of the value of their contracts inside the Kingdom.


First Saudi female accident surveyors graduate: Najm insurance

Updated 4 min 24 sec ago
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First Saudi female accident surveyors graduate: Najm insurance

JEDDAH: Najm Insurance Services, the leading traffic support service provider in the Kingdom, on Thursday celebrated the graduation of the first batch of 40 Saudi female surveyors, who will manage traffic accidents.
The graduation ceremony was attended by Maj. Gen. Mohammed Al-Bassami, director general of the Saudi Traffic Directorate.
Najm CEO Fahad Ibrahim Al-Akeel underscored the importance of involving women in managing and dealing with traffic accidents, in line with the royal decree enabling them to drive. The company strives to raise awareness among drivers about safety rules, he said.
Maha Al-Shunaifi, Najm’s director of marketing and corporate communications, said the female graduates underwent an intensive training program, having been selected in accordance with clear and precise criteria.