Saudi Arabia implements initiatives to improve business environment

Commerce and Investment Minister Dr. Majid bin Abdullah Al-Qasabi. (SPA)
Updated 11 January 2019
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Saudi Arabia implements initiatives to improve business environment

  • Tayseer working with more than 40 government agencies as well as the private sector
  • Tayseer currently working on more than 300 initiatives that aim to improve the business environment

JEDDAH: In 2018, Saudi Arabia implemented a number of initiatives and reforms that aim to improve its business environment and enhance its competitiveness.
In this regard, the Executive Committee for Improving the Performance of Private Sector Businesses (Tayseer), headed by Commerce and Investment Minister Dr. Majid bin Abdullah Al-Qasabi, monitored and implemented initiatives and reforms to provide a stable and motivating environment for the private sector.
Tayseer works with more than 40 government agencies as well as the private sector, represented by the Council of Saudi Chambers, under one umbrella to empower and develop the private sector.
Tayseer follows the most important international reports in order to improve the Kingdom’s regional and global rankings. They include the Doing Business report issued by the World Bank Group, and the Global Competitiveness Report of the World Economic Forum.
Tayseer is working on more than 300 initiatives that aim to improve the business environment. Following the launch of the Meras platform, starting a business now requires only one step and one day. It used to require 17 days and 10 steps.
Also, business and commercial visas are issued within 24 hours of a mission receiving the request, and commercial delegations’ visas are issued within two days. Previously, the issuance of commercial visas took several weeks.
Business visas do not require an invitation letter, and are issued within 24 hours of a mission receiving the request. Commercial visas through visa service offices are issued within 24 hours. For commercial delegations, the duration for visa issuance has been reduced from 30 days to just two.
The time required to begin receiving electricity services has been reduced to nine days through a two-step process, and compensation mechanisms have been developed to address cases of service interruptions or delays.
Regarding trade, the single-window platform Fasah has been launched to facilitate customs clearance and import and export procedures.
The Saudi Center for Commercial Arbitration was established to settle disputes according to the best international practices.


Investigation into alleged mistakes in Yemen find coalition forces acted properly

Updated 59 min 10 sec ago
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Investigation into alleged mistakes in Yemen find coalition forces acted properly

JEDDAH: The Joint Incident Assessment Team in Yemen (JIAT) has investigated four allegations made by international governmental and non-governmental organizations and media about mistakes made by coalition forces while carrying out military operations inside Yemen.
JIAT spokesman Mansour Al-Mansour said that the team concluded that the procedures followed by the coalition forces were proper and safe, taking into consideration the rules of engagement, international humanitarian law and the coalition’s own rules.
Team members visited a number of cities in Yemen, including Aden, Lahj and Khor Maksar, during the investigation and spoke to witnesses, victims and their families to gather evidence and establish the facts.
In one of the incidents that was investigated, coalition warship fired on and destroyed a craft in the waters off the Yemeni port of Al-Khokha in September. Al-Mansour said that after examining documents and evidence JIAT had concluded that an alliance ship was escorting and protecting a flotilla of three Saudi merchant ships when, in an area off the port of Al-Khokha, a boat was spotted approaching the convoy at a high speed from the direction of the Yemeni coast.
The escort ship followed the accepted rules of engagement by repeatedly warning the unidentified vessel, using loudspeakers, not to come any closer. When these went unheeded, warning shots were fired but the boat continued to approach.
“On reaching an area that represented a threat to the convoy, the protection ship tackled the boat according to the rules of engagement and targeted it, resulting in an explosion on the boat,” said Al-Mansour. “The protection ship continued escorting the convoy. After the escort task was completed, the protection ship returned to the site of the targeted boat to carry out a search-and-rescue operation for the crew of the target boat but no one was found.”