Makkah forum takes steps to engage private sector in region’s development

The Makkah Economic Forum aims to unify the efforts of the public and private sectors under one umbrella. (AN photo by Huda Bashatah)
Updated 09 May 2018
0

Makkah forum takes steps to engage private sector in region’s development

  • The MEF aims to unify the efforts of the public and private sectors to attract the largest number of investors and businesspersons.
  • The investment cost of the sacrificial meat waste management factory is SR88 million ($23 million).

JEDDAH: The Makkah Economic Forum (MEF) has lined up a series of highly engaging activities spread across the entire year to involve the private sector as an active partner in the region’s development programs and help realize the objectives of Saudi Vision 2030. 

The comprehensive activities, which begin tomorrow, May 9, will help identify the current challenges and opportunities in the market and build on the momentum created by the recent two-day MEF 2018 event in Jeddah to encourage local and international business investments in the region’s development projects.

The engagements will primarily be focused on four of the 12 Vision realization programs: National Industrial Development and Logistics, Enriching the Hajj and Umrah Experience, Public Investment Fund and Tourism, and Improving the Quality of Life. 

“The year-long activities organized as part of the Makkah Economic Forum will create dialogues to encourage and facilitate effective collaboration to make the private sector an active partner in activating the vision realization programs,” said Dr. Lama Al-Sulaiman vice chairwoman and board member of the Jeddah Chamber of Commerce.

Events organized as part of the year-long activities will cover some very interesting topics such as the importance of developing marketing skills to standout within today’s marketing noise and clutter, and surviving change in a rapidly evolving environment.

The Makkah Economic Forum aims to unify the efforts of the public and private sectors under one umbrella to attract the largest number of investors and businesspersons at all levels.

Investment opportunities

Eight investment opportunities in the Hajj and Umrah sector were launched by the Makkah Development Commission on Monday at the Makkah Economic Forum.

The opportunities are for a sacrificial meat waste management factory; a project to support services for people with special needs; the Miqat Qarn Al-Manazel development project; a food factory for pilgrims project; a Makkah-made products factory; a Makkah Gate development project; a downtown terminal project; and a Makkah and Madinah historical sites development project.

The investment cost of the sacrificial meat waste management factory is SR88 million ($23 million). The project aims to build a factory that can manage the huge amounts of waste resulting from sacrificial meat.

The project of support services for people with special needs will cost SR24 million and aims to provide high-quality services for the physically challenged and the elderly during the Hajj and Umrah seasons.

The Qarn Al-Manazel development project, which involves an investment of SR50 million, aims to renovate the areas near Qarn Al-Manazil Miqat, where shopping areas and washing facilities will be built.

The food factory for pilgrims project, costing SR90 million, will build and operate a food factory in the Muzdalifah area to provide high-quality food to pilgrims at affordable prices.

The Makkah-made product factory, costing SR175 million, will construct a commercial center to promote products made in Makkah and Madinah, including souvenirs, local food and other commodities.

The Makkah Gate development project, costing SR130 million, aims to build and operate the Makkah Gate as well as provide a parking area and commercial buildings for rent.

The downtown terminal project, costing SR85 million, will build and operate a downtown station accessible to all five-star hotels. It aims to reduce the pressure on local and international terminals and improve the visitor experience.

The Makkah and Madinah historical sites development project involves an investment of SR425 million to renovate four historical sites in Makkah and Madinah — Jabal Al-Noor, Jabal Thor, Jabal Al-Romat and Arwah Ibn Al-Zubair Palace.


King Salman receives Saudi Grand Mufti, princes, and military leaders

Updated 42 min 26 sec ago
0

King Salman receives Saudi Grand Mufti, princes, and military leaders

  • King Salman extends Eid Al-Adha greetings to Saudi citizens, pilgrims and senior officials
  • King Salman arrived in Mina on Monday to supervise services being provided to pilgrims

JEDDAH: Saudi Arabia’s King Salman on Tuesday said it was an honor to serve fellow Muslims undertaking this year’s Hajj pilgrimage.
The King made the comments as he and Crown Prince Mohammed bin Salman received the Kingdom’s princes, Grand Mufti, scholars, sheikhs, ministers, and military leaders participating in Hajj at the Royal Court in Mina Palace.
King Salman arrived in Mina, in the holy city of Makkah, on Monday, to supervise services being provided to almost 2.4 million pilgrims.
He greeted his visitors and all the Saudi citizens, as well as the pilgrims, on Eid Al-Adha.
“Dear brothers, Allah has honored our blessed country with the duty of serving pilgrims and providing them with the necessities to ensure they perform their rites safely and smoothly.
“Great lengths to serve them and ensure their comfort continues to be a source of pride for our country, since it was founded by the late King Abdul Aziz, and we will continue to perform this duty with the help and support of Allah.”
The King added: “My brothers and sons in the military, the pilgrims who have come to perform Hajj and Umrah, and the whole world, are seeing and experiencing your efforts in serving pilgrims, which is your duty and honor.
“These great sacrifices made by the Kingdom’s military sectors to defend the country and to protect its sanctities and capabilities are our pride.
“On this blessed day, we remember our martyrs and heroes, who sacrificed their lives for their religion and their country, and we ask Allah to bestow his mercy upon them and grant the wounded a fast recovery.
“We ask Allah to keep our country safe and secure, and to help us serve our religion and country.”
The gathering included senior guests from GCC countries and officials form the Saudi scouts officials who have come extend their greetings to the King on Eid Al-Adha,
Gen. Saeed bin Abdullah Al-Qahtani, Assistant Minister of Interior for Operations Affairs and General Supervisor of Public Security, congratulated King Salman, the commander-in-chief of all the armed forces, on Eid Al-Adha on behalf of those who had provided security services during Hajj.
“The Hajj security forces have begun carrying out their tasks, which are focused on maintaining the security and safety of pilgrims, enabling them to perform the Hajj rituals, and providing them with the humanitarian assistance they need,” he said.
Earlier, King Salman said that serving Hajj pilgrims was: “The greatest honor that God has honored our country.”
“I call upon him to complement the pilgrims and to perpetuate good and peace for our nation and the rest of the country,” the Kingdom’s ruler posted in Arabic on his Twitter account.
Government data show that 2.371 million pilgrims are participating in this year’s Hajj, with 1.758 million of them coming from abroad.