Consumers warned not to buy counterfeit goods

Consumers warned not to buy counterfeit goods
Updated 21 September 2013

Consumers warned not to buy counterfeit goods

Consumers warned not to buy counterfeit goods

A prominent Jeddah businessman has expressed concern over the huge volumes of counterfeit electrical and electronic appliances flooding the Saudi market through Dubai.
“Commercial fraud not only adversely affects the national economy, but also has an impact on businesses and consumers alike,” said Muhammad Ba Ja'afar on the sidelines of the opening session organized by the Chamber of Commerce and Industry in Jeddah yesterday.
Present at the session were Muhiddeen Hikami, assistant secretary general of Jeddah Chamber, and Abdullah As Sufyani, director of the anti-commercial fraud department in Jeddah, along with representatives from the electrical, electronic appliance and food industry. Ba Ja’afar said his business was adversely affected as a result of the 10 to 20 percent rate of counterfeit goods entering the Kingdom “through illegal means.” “Last year, we lost more than SR 20 million.
“I urge consumers to be more careful when they buy consumer electronics or electrical appliances. They should make sure that they have the original brand,” he said.
Hikami said that many businesses incur large losses as a result of counterfeit goods in the market. “Their annual losses amount to more than SR 4 billion.
We have recent statistics that show that a bout 80 percent of stores in local markets sell counterfeit goods and that 20 percent of consumers have counterfeit goods in their homes.
The quantity of counterfeit medicine in the local market currently stands at about 25 percent,” he said.
“This is harmful to consumers and society at large, especially when the goods are food and drink items. We, at the Jeddah Chamber, continue to educate the public about commercial fraud.
It is a serious matter,” he added.