New development program to enhance effectiveness of Saudi financial sector: minister

Saudi Minister of Finance Mohammed Al-Jadaan. (AFP)
Updated 11 May 2018
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New development program to enhance effectiveness of Saudi financial sector: minister

The Council of Economic and Development Affairs (CEDA) has formally approved the Financial Sector Development Program, one of the 12 programs previously announced by CEDA to achieve Vision 2030.
Speaking at the Financial Sector Development forum on Wednesday, Saudi Minister of Finance Mohammed Al-Jadaan said: “The program supports the national economy by developing the financial sector and enhancing its effectiveness. The objective is to increase the financial sector’s size relative to the GDP by 280 percent. The program will create a deep, diversified, digitized and stable financial sector capable of attracting financial technology companies and focusing on financial literacy to bring savings rates in line with leading international rates.”
“The Financial Sector Development Program is built on three pillars: Firstly, enabling financial institutions to support the development of the private sector; secondly, ensuring the formation of an advanced capital market; and thirdly, promoting and enabling financial planning,” he said.


Start-up of the Week: Amirni – Making a difference in the field of logistics in Saudi Arabia

Updated 22 May 2018
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Start-up of the Week: Amirni – Making a difference in the field of logistics in Saudi Arabia

  • Amirni.com is a one-stop shop where one can find all of its services and products
  • Clients can either call or use the chatting feature on the company’s app for all questions or concerns

JEDDAH: Amirni Express Co. (AX) is a Saudi-based logistics, mail and goods delivery company that provides on-demand delivery services through its own fleet of cars and drivers.
Established in 2016, AX currently covers Riyadh, Jeddah, Makkah, Dammam and Alkhobar. AX allows both the general public and businesses to send or receive anything, anywhere, and at any time within Saudi Arabia, and soon in the greater Gulf Cooperation Council region. All retailers and consumers can select products and set up a scheduled delivery time on demand by simply using the company’s app or through its website, or by calling directly.
Aiming to ease the life of Saudi consumers, AX was founded on the principle: “To Simplify and To Serve.” In an era of technology, it plays an effective role in the delivery of goods and services in an efficient and professional manner. The company’s main objective is to be available at all times and places providing technical delivery services using an application designed to service wherever you are in the Kingdom. Everything from restaurant deliveries to pharmaceutical pick-ups, and bulk services can be arranged.
Specifically, in the field of delivery services, Amirni Express Co. realizes the importance of pharmaceutical delivery. It offers its services 24 hours a day and seven days a week. Its website, Amirni.com is a one-stop shop where one can find all of its services and products. In addition, discounts and special offers are frequently presented to Amirni clients. By using state-of-the-art GPS technology, clients can track their orders and acquire the exact time of arrival. Clients can also choose their most convenient payment method, as all of their vehicles are equipped with a point-of-sale system that accepts debit and credit cards. Clients have the payment options of ATM, or cash, or via MADA network.
Amirni CEO, Abdullah Alnajar described what is next for his company. “In the near future, each of our consumers will have access to Moe-Bot, an in-app A.I. Assistant, who will help them save money in addition to anticipating their needs before they are requested so that their needs are readily available by the time they are desired. We are morphing into an artificially intelligent ecosystem that profoundly understands each consumer and supplier!”
Since Amirni’s goal is to enrich delivery services and make it easily accessible to customers, it manages all data, orders, and requests through their own in-house call center. Clients can either call or use the chatting feature on the company’s app for all questions or concerns. The call center is available at all hours of operations (8 a.m. to 2 a.m.).