Initiative aims to set up 60 eco-factories in Saudi city

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The project aims to open two eco-factories in each of the districts producing products such as fabrics, jewelry, perfume and food. (Supplied)
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The project aims to open two eco-factories in each of the districts producing products such as fabrics, jewelry, perfume and food. (Supplied)
Updated 02 March 2019
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Initiative aims to set up 60 eco-factories in Saudi city

  • The scheme will be launched in cooperation with the Saudi government’s industrial property agency Modon, and Jeddah municipality

JEDDAH: Up to 60 new factories each employing 30 workers are to be set up on the outskirts of a Saudi city as part of a major new job-creation initiative.

The plan to establish the environment-friendly manufacturing plants in 30 districts of Jeddah, was announced by Jeddah Chamber of Commerce and Industry (JCCI) official Ibrahim Batterjee.

The project aims to open two eco-factories in each of the districts producing products such as fabrics, jewelry, perfume and food.

Batterjee, head of the JCCI’s industrial committee, said the move was designed to reduce pressure on industrial cities and provide jobs that were easy to access for women.

The scheme will be launched in cooperation with the Saudi government’s industrial property agency Modon, and Jeddah municipality.

Olfat Qabbani, an investor in the industrial sector, hailed the initiative as a positive move. She said there was a need to encourage young people to start their own factory operations and overcome the stereotype that only high-profile businesspeople can do it.

The initiative was announced during a session titled “The Expectations of Industrial Sector Leaders” at the JCCI’s 75th anniversary celebrations in Jeddah. 

Speakers at the event raised various challenges including manpower and fuel prices, and said more effort was needed to meet the expectations of the Kingdom’s Vision 2030 reform plan while also diversifying the economy away from the petrochemical sector.

They also noted that Modon and the Saudi Industrial Development Fund both offered support to the industrial sector.

Investment company chairman, Abdulaziz Al-Surai, highlighted the opportunities open to young entrepreneurs working in the Saudi industrial sector, to export products to other countries in the region. He said “Made in KSA” was a well-respected and trusted trademark around the world. 


Princess Reema meets US treasury chief Steven Mnuchin

Updated 18 July 2019
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Princess Reema meets US treasury chief Steven Mnuchin

DUBAI: Newly appointed Saudi Ambassador to the United States Princess Reema bint Bandar met with US Treasury Secretary Steven Mnuchin to discuss opportunities to further strengthen the countries’ partnership.

The Saudi Arabian embassy in the US, in a tweet, said the two senior officials explored “ways to strengthen Saudi Arabia’s close partnership with the United States on countering the financing of terrorism, as well as US support for the Kingdom’s economic reforms.”

 

 

Princess Reema, who assumed her new office on July 4, earlier met with US President Donald Trump to present her credentials as the Kingdom’s top diplomat in Washington.

Princess Reema became the Kingdom’s first female ambassador after being nominated to the post on February 23 – to replace Prince Khaled bin Salman who was appointed deputy defense minister – and took her oath before King Salman in Riyadh in April.