Workshop to support SMEs for new opportunities in KSA

The workshop also debated methods to enable small investors and businesses to flourish as part of the program. (SPA)
Updated 07 January 2019
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Workshop to support SMEs for new opportunities in KSA

  • The workshop also debated methods to enable small investors and businesses to flourish as part of the program, from logistics to financing, and effective marketing

JEDDAH: The Asharqia Chamber held an “Exploring Opportunities in Small and Medium Industrial Enterprises” workshop, as part of the “Nasnaa” (We Produce) program.
Organized in partnership with petrochemical manufacturer SABIC at the Asharqia headquarters in Dammam, it discussed developments in the Kingdom that might affect the Vision 2030 program, from the plastic, beauty and health industries to the military.
The workshop also debated methods to enable small investors and businesses to flourish as part of the program, from logistics to financing, and effective marketing.
The chamber had already held an introductory lecture for the Nasnaa program, dedicated to startups and industrial projects still in their early stages, to highlight the services and schemes available to them, as well as providing guidance on legal matters, licensing and human resources.
The program itself will last for another 3 months. Candidates who are accepted follow a 200-hour training curriculum, led by qualified and experienced professionals and industry experts, with the expressed goal of mentoring and passing on advice and experience to enrich up–and–coming individuals to maximize their and their industry’s potential.


Saudi Arabia, South Korea reach agreement on visas

King Salman chairs the Cabinet session in Riyadh on Tuesday. (SPA)
Updated 16 January 2019
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Saudi Arabia, South Korea reach agreement on visas

  • Cabinet OKs air transport pact with Indonesia

JEDDAH: The Saudi Cabinet met to discuss a series of national and global developments on Tuesday, in a session chaired by King Salman.

At the forefront of the agenda was the escalation in tensions between Israel and Hamas along the Gaza border, and the continuing encroachment on Palestinian land by Israeli settlers in the West Bank. The Cabinet responded by demanding that the UN Security Council intervene. King Salman also relayed to ministers the outcome of his talks with US Secretary of State Mike Pompeo, which covered many regional issues.

The minister of media, Turki bin Abdullah Al-Shabanah, announced that after reviewing proposals from the Ministry of Foreign Affairs and a decision from the Shoura Council, a memorandum of understanding between the government and the Republic of Korea on granting visit visas had been agreed upon.

The Cabinet approved the amendment of the air agreement on regular air transport between Saudi Arabia and Indonesia.

The Cabinet, meanwhile, praised the progress of the 2025 Sustainable Agricultural and Rural Development Program, aimed at enhancing farming techniques by promoting sustainable water and renewable energy sources.

They also discussed the framework in Vision 2030 and the National Transformation Program 2020 for building a sustainable renewable energy sector, reiterating aims to lead global renewable energy developments over the next decade, and create projects such as the wind-powered plant at Dumat Al-Jandal, as part of the King Salman Renewable Energy Initiative.

In a statement, though, Al-Shabanah said: “The Cabinet discussed the announcement made by the minister of energy, industry and mineral resources about the Kingdom’s oil and gas reserves, which highlighted the importance of Saudi Arabia as a secure source of oil supplies in the long term.”

He added, in closing, the Cabinet’s praise for the efforts of Saudi security forces in the tracking and arrest of seven people in Qatif, which foiled a planned terrorist attack.