26/09/2017 05:45 AST

The Jeddah Chamber of Commerce and Industry (JCCI) signed yesterday an agreement with Small and Medium Enterprises General Authority to expand production and the contribution of SMEs in the GDP in line with the Saudi growth plan.

The governor of the SMEs General Authority Gassan Al-Sulaiman and the JCCI Secretary General Hassan Dahlan signed the agreement at JCCI building. Dahlan highlighted the importance of cooperation between the JCCI and the SMEs General Authority. He also noted that these enterprises are crucial for developing national economy, creating jobs for Saudi youth and diversifying income.

He added that the JCCI is ready to provide training and guidance to SMEs as well as offering marketing services to them. Further, the Chamber is ready to organize exhibitions, seminars, conferences and workshops in this regard. JCCI is also ready to collaborate with the SMEs General Authority in its program aiming to classify the SMEs operating in the Saudi market.

The Chamber said Dahlan will also work on studies and surveys and will provide needed reports in cooperation with different JCCI committees.

The cooperation also include women empowerment and studying the obstacles facing youth businesses and putting plans to solve such obstacles.

Ghassan Al-Sulaiman noted earlier that financing SMEs in the Kingdom needs to increase 20 times in comparison to the current status. He added that SMEs will be included in the SR200 billion allocated to encourage private sector participation, saying that they will be financing innovative projects which will be an added value to the Saudi market.


Saudi Gazette

Ticker Price Volume
APPC 54.00 155,692
QNBK 174.99 351,181
SFICO 16.78 819,438
SABIC 125.80 2,734,453
ALMARAI 49.20 526,295
SAICO 12.10 214,447
TAWUNIYA 55.50 354,465
Saudia most positively identified brand among Saudi millennials

25/09/2018

In a day and age of fast moving technology and tech savvy generation, it is no surprise that smartphone giant iPhone is the most positively talked about brand among millennials in the UAE while Faceb

Saudi Gazette

OCCI's seminar to focus on VAT

25/09/2018

The Oman Chamber of Commerce and Industry (OCCI) will launch the first specialised seminar on Tuesday, which is part of the annual programme for Umsiyat, an initiative promoted by the OCCI board of d

Times of Oman

VAT on entertaining staff ‘non-recoverable’:Tax authority

25/09/2018

Entertainment services supplied to employees, such as staff parties and retirement gifts, should not be exempt from Value Added Tax (VAT), the Federal Tax Authority (FTA) has said.

The auth

Gulf News

Qatar, Oman chambers ink cooperation protocol

25/09/2018

Qatar Chamber (QC) and Oman Chamber of Commerce and Industry announced yesterday that they would intensify cooperation and collaboration in organising the “M ade in Qatar 2018” which will be held in

The Peninsula

Qatari businesswoman’s innovative startup a big hit

25/09/2018

A Qatari woman is running a unique business of taking picture of newly-born babies from the postnatal unit at the facility of a famous private hospital in Qatar.

The government always enco

The Peninsula