27/01/2015 06:47 AST
A comprehensive Invest in Saudi Arabia exhibition attracted hundreds of delegates of the GCF 2015, on its opening day on Monday.
The expo, which has 24 exhibitors from major companies, was opened by Saudi Arabian Investment Authority Gov. Abdulatif A. Al-Othman during the tea-break of the GFC 2015.
Commerce and Industry Minister Tawfiq Al-Rabiah and Civil Service Minister Abdullah Al-Barrak were present during the opening of the show, which highlighted the investment opportunities in the Kingdom.
Exhibition Director Ziad bin Abdulaziz bin Hassan told Arab News that the show is being held for the second consecutive time during the GCF.
“This year, we got an increased number of exhibitors to the show since it became very popular during its maiden appearance last year,” he said, adding that this year the exhibition space is much larger than the previous year. The exhibitors focus on transport, health, human resources, and entrepreneurship to enable those interested to make their decisions on investment.
KACST PR Director Mansour Al-Otaibi said his organization is interested in attracting investors for its Badir Program for Technology Incubators.
The Badir Program for Technology Incubators, generated a market capitalization of SR 150 million.
Its projects created 345 job opportunities for Saudi youths during the first half of 2014, he said.
The most prominent participants at the show include the Royal Commission for Jubail and Yanbu, Saudi Ports Authority, Saudi Aramco, Saudi Arabian Mining Company (Maaden), the Saudi Basic Industries Corporation (SABIC), the Saline Water Conversion Corporation, (SWCC), Industrial Development Fund, Ministry of Justice, the Ministry of Transport, the Ministry of Labor, Saudi Industrial Property Authority (MODON), Export Development Authority, King Abdulaziz For Science and Technology (KACST), the National Program for the Development of Industrial Clusters and the National Competitiveness Center.
Abdulrahman bin Abdullah Al-Kadir, general manager of communications and information of the Royal Commission for Jubail and Yanbu said the commission has focused on value-added industries series to maximize the gross domestic product and diversify sources of income.
A spokesman from the Ministry of Justice said the organization has highlighted the role of the judicial departments in the promotion and protection of local and foreign investments.
Investors and the entrepreneurs are well protected under the local regulations, he said, adding that the fair play will be maintained in all arbitration in the event of disputes.
Following last year’s GCF, the show was taken to Tokyo during the visit of Custodian of the Two Holy Mosques King Salman to Japan, who was then the crown prince, deputy premier and minister of defense. With him, the show also toured Paris and Beijing.
The exhibition is expected to tour London and Madrid, and shortly to Athens and Dubai shortly.
Arab News
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