His Highness delivered a speech by the President of the Riyadh Chamber. <The President of the Riyadh Chamber delivered a speech welcoming the business sector and their support for the opportunities and projects that will contribute to revitalizing the investment movement and pushing economic and social development projects, in response to the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - which emphasizes attention to the development and advancement of development projects in the regions of the Kingdom, especially the capital, which gave it much of his thought and tender, turning it from a small modest city to a modern modern city that matches the oldest cities in the region and the world. Zamil noted the government's keenness to sponsor and support development projects, employ and invest all available capabilities and opportunities, and provide full facilities for Saudi investors to actively and constructively interact with these opportunities, in order to advance the march of development and economic progress.
Zamil said. Zamil said that the Emir of Riyadh is at the forefront of the efforts to develop Riyadh, where the major workshop is currently accelerating with the construction of 4821 development projects in all sectors, with a total cost of about 509 billion riyals, noting that the forum will launch many promising investment opportunities prepared by the participating government agencies, including the regions of the Kingdom, the capital Riyadh and its governorates, to open a new window for investment and construction and throw investors a new package of projects.
Zamil stressed that the Secretary General of the Riyadh Region is at the forefront of the development efforts in Riyadh, where the workshop is currently accelerating with 4821 development projects in all sectors. For his part, the Secretary General of the Riyadh Chamber, Dr. Mohammed Al Kathiri, stressed that holding the forum despite the sensitive situations and events witnessed by the region proves and confirms the solidity of our national economy and its high ability to face these challenges, just as it has proven before and still able to stand firmly in the face of global economic crises and fluctuations in the global oil markets and low prices, stressing that this sends a message of reassurance and confidence to every Saudi in the strength and durability of the national economy and its pillars thanks to God first, then thanks to the rational economic and financial policies adopted by our wise leadership.
For his part, the Secretary General of the Riyadh Chamber stressed that the forum will be held in the presence of the Riyadh Chamber and its members. <The forum had started its working sessions yesterday, where a number of government agencies launched a package of investment opportunities in the Riyadh region and many regions of the Kingdom, and 12 keynote speakers spoke over three sessions, where the representative of the Ministry of Defense, Brig. Atiyah Al-Malki, Director General of the General Directorate for Local Manufacturing Support at the Ministry of Defense, presented a working paper on the Ministry's initiative to support local manufacturing by manufacturing spare parts that meet the needs of the armed forces.
Al-Malki stressed that this initiative is the first of its kind in the Kingdom. Al-Maliki stressed that this initiative achieves many relative advantages for the armed forces, namely breaking the monopoly of some countries producing spare parts and manufacturing them nationally at a lower cost, in addition to the return that the national economy achieves from the local production of parts, and saving the amounts spent by the state to import foreign parts, pointing out that 5200 spare parts have been received, some for aircraft that have proved their efficiency and high quality, stressing that the initiative proved that national competencies are capable of high-quality production.
Mohammad Al-Zahr, Director General of the General Directorate for Local Manufacturing Support at the Ministry of Defense, spoke about the Ministry's initiative to support local manufacturing by manufacturing spare parts that meet the needs of the armed forces. Mohammed Al-Zahrani, Director of the Industrial Investment Development Department at the Royal Commission for Jubail and Yanbu, delivered a working paper on the role of the Commission since its establishment in 1975 to exploit associated gas and transform crude oil into petrochemical industries, and that the Commission has 80 investment opportunities, including 50 immediate opportunities ready to be exploited by the private sector in the petrochemical, manufacturing and chemical industries sector.
While M. Yazeed Alangari, General Manager of Middle East and Africa Sales at the Plastics Unit of the Saudi Basic Industries Corporation (SABIC), delivered a working paper on the available investment opportunities, saying that there are many investment opportunities ready in many sectors in addition to the industries produced by the company in the home appliances, electrical, packaging, construction and building sectors, noting that SABIC's total annual production is 50 million tons. Dr. Sari Hamad Al-Shammari, Advisor to the Investment Sector, also spoke. Dr. Sari Hamad Al-Shammari, Advisor to the Tourism Investment and Development Sector at the General Authority for Tourism and Antiquities, presented investment opportunities in the tourism sector, and Tariq Al-Shaheeb, Director of the Business Development Department at the Saudi Cities Authority, addressed investment opportunities in industrial cities.
