The new fund, which is likely to be active soon, will also finance family projects, he announced at the Jeddah Economic Forum (JEF).
“We have already collected SR61 million within 48 hours and we are now in the process of raising the remaining amount to announce its launch,” the chairman said.
He also announced the JCCI’s plan to set up an investment fund with a capital of SR200 million to finance investment projects.
He also announced that the JCCI had opened a new department for social responsibility.
He pointed out that the JCCI had provided 50,000 new jobs to young Saudi men and women during the past years.
The JCCI is also planning to present a gift to Custodian of the Two Holy Mosques King Abdullah in appreciation of his efforts to create more jobs for citizens, he said.
He emphasized the JCCI’s constant support to JEF.
“The board of directors wanted the continuation of JEF with the support of Custodian of the Two Holy Mosques King Abdullah, Makkah Gov. Prince Khaled Al-Faisal and other top officials.”
Kamel also highlighted the progress achieved by JEF adding that it played a major role in promoting Jeddah as an international business center.
