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The 14th Open Ministerial Conference discusses incentives for trade and investment in Al-Baha region

By : Ahmed Al-Zayla’i 

The Chamber of Commerce and Industry in Al-Baha and the Chamber of Commerce and Industry in Makhwah organized in cooperation with the Council of Saudi Chambers (Sunday) the fourteenth open ministerial conference, in the presence of His Excellency the Minister of Trade and Investment, the Minister of Municipal and Rural Affairs in charge of Dr. Majid Al-Qasabi, and the accompanying delegation.

The Minister of Trade and Investment Dr. Majid Al-Qasabi said during his visual presentation that Al-Baha is a tourist destination and a fertile agricultural region characterized by historical and heritage places and mineral resources, which stimulated the growth of its business sector by 11% during the past five years, stressing the importance of developing incentive policies that support the development of The least developed regions in the Kingdom.

Al-Qasabi added that the number of institutions in the Kingdom increased from 2015 to 2019 AD to about 60%, and limited liability companies increased by 84%, while the contribution of small and medium enterprises to GDP increased in 2019, to reach by about 28% as they grew the lending rate for small and medium enterprises is 59% during 2019.

He pointed out that the size of the e-commerce market around the world amounted to approximately $ 30 trillion, while the volume of electronic and logistical trade in the Kingdom in 2018 was about 80 billion riyals, while the number of online shoppers reached 14 million, while the number of electronic stores reached 45 thousand registered stores On the Maarouf platform, up 79% from 2018.

The conference was attended by Major General Walid Al-Harbi, Director of Al-Baha District Police, Secretary of Al-Baha Secretariat, Dr. Ali Al-Sawat, directors of government departments in the region, members of the board of directors of the Al-Baha and Al-Makhawah Chambers, heads and members of committees in the Al-Baha Chamber, businessmen and businesswomen in the region, and a number of media representatives.