KSA, GCC Member States’ Entrepreneurs Display their Creativeness, Ideas, during RAD Exhibit

Dammam As many as 300 entrepreneurs, males and females, from the Kingdom of Saudi Arabia (KSA) and the Gulf Cooperation Council (GCC) member states displayed their miscellaneous creativities and notions, related to various industrial and commercial domains, during the three-day Entrepreneurship Exhibit (RAD) in its 6th edition, organized by Dammam-based Al-Sharqiyah Industrial and Commercial Chambers.

The exposition displayed an array of projects, including industrial, commercial and youth-related, in addition to adapting to the market conditions, in order to create a vivid society where producers may meet with those new ideas, especially, young males and females, with world leading companies, businessmen and financing institutions backing up young people's projects and enterprises.

On the other hand, the Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi addressed the audience, via a video-message, saying that the investment process is taking place in a favorable and attractive atmosphere, hailing the exigence of promoting and improving investment oriented environment appealing to foreign investors, pointing out that the process requires updating the legislative environment and enhance relevant procedures, through eliminating bureaucracy and reasserting the significance of empowering lending mechanisms.

He cited the Kingdom proceeding on the commercial start-up as its world ranking moved to 38th out of 141, leaping as much as 103 steps, a fact that led to considering it among the best countries in terms of establishing new companies with limited liabilities and public as well as enclosed stock holding companies.

On the sidelines of the exhibit, a symposium was held under the title: Empowering Entrepreneurship, in the GCC countries, with the main crux focusing in overcoming difficulties facing small and medium enterprises and backing them up.

Source: Saudi Press Agency