The Federation of Saudi Chambers launches a comprehensive transformational strategy to enhance the competitiveness of the private sector Details

The strategy aims to enhance the competitiveness of the private sector, raise the efficiency of the business system and consolidate its role in achieving the goals of Vision 2030.
union-chambers-saudi

Posted in

Union of Saudi Chambers of Commerce launched its strategy for the period (2026-2030), in a qualitative step aimed at enhancing the competitiveness of the private sector, raising the efficiency of the business system, and consolidating the role of the private sector as a key partner in achieving the objectives of the Kingdom's Vision 2030.<The new strategy represents an integrated framework to develop the role of the Federation as a national enabler of the private sector, contributing to unifying its voice and enhancing its contribution to the national economy, through an institutional model based on efficiency, sustainability and integration.

The strategy has identified three main pillars, namely: Strengthening the representation of the common interests of the private sector, empowering chambers of commerce and raising their efficiency, as well as establishing governance, institutional excellence and sustainability, which supports the leadership role of the Federation in the business system.

10 strategic objectives
These pillars have 10 strategic objectives supported by 22 operational initiatives aimed at raising institutional and operational efficiency, promoting integration between chambers of commerce, expanding strategic partnerships locally and internationally, as well as supporting export growth, attracting investments and developing trade exchange.<The launch of this strategy comes within the framework of the national trends to enhance the role of the private sector as a key partner in development, stressing that it represents a qualitative leap that contributes to enabling chambers of commerce and the business sector to keep pace with economic transformations and enhance their presence locally and internationally, which reflects positively on the growth of investments and expansion of economic activities.

He stressed that the preparation of the strategy was based on an integrated scientific methodology that included analyzing the current situation, reviewing best international practices, and involving stakeholders to address the challenges and consolidate the The strategy is based on a vision that aims to build a competitive and prosperous economy led by an active private sector, supported by a federation that promotes integration and an attractive business environment, while its mission focuses on empowering chambers of commerce and the business sector and enhancing their role locally and their impact internationally.

This strategy comes in light of the pivotal role played by the Federation in supporting the economic transformation process, and in conjunction with the Kingdom's Vision 2030 entering its third executive phase, which focuses on maximizing gains and promoting sustainability with the contribution of the private sector.

It is expected that the strategy will contribute to strengthen the position of the Federation as a national reference point for the private sector and a unified voice for the private sector, and a unified voice for the