JEDDAH, 16 December 2005 — As part of its strategy to expand in the petrochemical sector, general manager of Savola Group, Dr. Abdul Raouf Manaa, said that the group has agreed to invest 20 percent, or $100 million, in Josour company specializing in petrochemical industries. Savola had previously announced owning 30 percent of Egyptian Fertilizers Company. Manaa said that Savola’s investments in the fertilizer and petrochemical sectors are part of its strategy to diversify in profitable sectors in addition to its current sectors in food oils, retail, sugar, real estate and packaging.
Khadija Center Holds Economic Seminars
JEDDAH, 16 December 2005 — Khadija bint Khuwailid Center for businesswomen at the Jeddah Chamber of Commerce is going to hold several economic seminars next week that aim at raising businesswomen’s awareness of economic developments. The first seminar will be tomorrow evening by representatives from the commercial section at the French Consulate in Jeddah on women’s ware and investing in this sector. The second seminar is on Sunday on ways of removing businesswomen’s obstacles with the municipality. It will be presented by Jeddah mayor, Adel Fakeeh, and he will focus on procedures for getting municipal licenses and the rules for establishing and opening a commercial business. Third seminar will be held on Dec. 20.
Minister Approves Work Plan for Haj
RIYADH, 16 December 2005 — Commerce Minister Dr. Hashim Yamani has approved the work plan for this Haj season. According to Hassan Akeel, deputy minister of internal commerce, the plan includes a number of objectives, the most important of which is providing the necessary supply of food in Makkah, Madinah and holy sites and guaranteeing the availability of enough stored supplies. He added that the plan also ensures intense follow-up on the quality of the food supplies and suitable pricing as well as following up on the availability, prices and cleanliness of pilgrim’s residences.
