Exports boost as SEDA registers more national firms

Exports boost as SEDA registers more national firms
Updated 19 September 2015

Exports boost as SEDA registers more national firms

Exports boost as SEDA registers more national firms

RIYADH: The Saudi Exports Development Authority (SEDA) has registered more than 1,350 national firms during the first half of 2015, SPA reports.
The authority has also updated its assessment procedure for exporting companies and their readiness to offer services for national establishments and factories.
SEDA has so far carried out the assessment procedure for 177 national establishments to certify their export readiness via the authority's website: Saudi exports.sa.
During its review of the work for the first half of 2015, SEDA explained that the beginning of the year marked the actual launch of its activities and events related to the development of Saudi Arabia's globally competitive nonoil exports.
This was done by stimulating and encouraging the national companies to export and through their business growth strengthen their presence in international markets.
Meanwhile, the SEDA revealed that in cooperation with the exporters, it managed to identify 51 procedural hurdles faced by them; however, its strategic partnership with the relevant government agencies helped in removing 25 of them.
The authority is currently working to remove the remaining problems, studying the current status of the environment and export procedures applicable in the Kingdom and comparing them with global practices applicable in some neighboring countries.
SEDA highlighted that organizing trade missions is one of the most important services provided by the authority in the list of services to promote the access of national products to international markets.
In this context, SEDA facilitated a number of agreements and organized the Saudi Business Forum in Kazakhstan-Azerbaijan, in which more than 85 Saudi businessmen participated.