Jeddah to host multi-sectoral trade expo

The event will be held at the Jeddah Center for Forums and Events from Nov. 20-23.
Updated 15 November 2017

Jeddah to host multi-sectoral trade expo

Over 200 local and international companies will participate in the 29th Jeddah International Trade Fair (JITF), which will be held at the Jeddah Center for Forums and Events from Nov. 20-23.
The four-day annual event will bring together a wide range of multi-sector products, clothing, fashion wear, textiles, leather goods, home décor accessories, appliances and much more.
This year, the show is dominated by international participation with national pavilions from China, Morocco, Indonesia, Egypt and individual companies from India and the UAE. The event, held in a venue spanning 2,000-square-meters, provides opportunities for Saudi companies to have agencies, distributorships, dealerships and joint venture agreements with their international counterparts.
Zahoor Siddique, vice president of Al-Harithy Company for Exhibitions (ACE), organizers of the event, said the fair offers endless opportunities for both investors and exhibitors to help enhance the ever-growing Saudi franchise market.
He said: “It offers a unique exposition for manufacturers, suppliers, buyers and users of a wide range of goods and services as well as opportunities for investment and trade promotions.”
JITF 2017 is in line with Saudi Arabia’s Vision 2030 seeking to identify all general directions, policies, goals and objectives of the Kingdom and whose aim is to grant the country a leading position in all fields. It aims to ultimately enhance the level and quality of services provided to beneficiaries to achieve a prosperous future and a sustainable development.
The fair is held concurrently with “Textiles Arabia,” the fourth textiles expo and a leading trade fair for all kinds of textiles, fabrics and materials.
JITF serves as an annual meeting point for international and regional franchisers, entrepreneurs, agents, and business owners either seeking face-to-face interaction with investors, or establishing long-term connections with potential franchisees.
The show timings are from 4 p.m. to 10 p.m.

Positive social impact of COVID-19 in KSA: Survey

Updated 12 August 2020

Positive social impact of COVID-19 in KSA: Survey

A survey commissioned by Al-Aghar Group, an independent Saudi think tank, in partnership with global management consultancy Kearney, has revealed that most thought leaders and decision-makers in the Kingdom anticipate that COVID-19 will be a positive accelerant of the transformation already underway in the Kingdom. The survey focused specifically on the social impact of the COVID-19 crisis on the Kingdom through 2025.

Respondents believed that COVID-19 is accelerating the advent of the “future of work” in the Kingdom and more than 65 percent see this as fundamentally positive. About 69 percent see the growing need for the retraining of employees as positive, spurring national adaptation to the new normal. However, the survey also revealed some concerns regarding the security of formal employment and self-employment, with 37 percent seeing the effect of the crisis as negative.

Most survey respondents (70 percent) expect education in the Kingdom to undergo a positive transformation with the adoption of new, innovative, and inclusive modes of learning.

Seventy-eight percent of the respondents believe that the impact of the pandemic on the health care in the Kingdom through 2025 will be highly beneficial.

Fifty-eight percent of respondents believe there will be a wide adoption of telemedicine services in the Kingdom in the near future, as patients gain greater comfort and confidence in this method of consultation with their health providers.

Most respondents believe the health crisis has accelerated the process of digital transformation in the country, particularly in the finance and retail sectors. Seventy-five percent of respondents see the anticipated wider prevalence of e-commerce as positive, and 89 percent see as positive increasing use of cashless payments for face-to-face transactions by 2025.

By 2025, 78 percent of respondents expect that COVID-19 will lead to a significant and welcome (83 percent) step change in government preparedness for future crises. Meanwhile, 68 percent of respondents anticipate a significant impact on government information-sharing and 65 percent anticipate a moderate, but positive change in the willingness of citizens to contribute toward government efforts.

Prince Faisal bin Abdullah bin Mohammed Al-Saud, chairman, Al-Aghar Group, said: “Saudi Arabia has a proud history of resilience and has thrived even in the most challenging situations. While this pandemic has severely affected us all, the survey results confirm the depth of our intention to use this current situation to accelerate our national progress.”

Rudolph Lohmeyer, partner and head of National Transformations Institute at Kearney Middle East, said: “The survey results clearly reveal the deep, optimistic resilience of the Saudi people and their implicit commitment to the Kingdom’s national transformation. Despite the near-term hardships caused by the crisis, respondents anticipate that the most significant medium-term impacts will be positive.”