Beth: The President of the Federation of Saudi Chambers of Commerce, Mr. Ajlan bin Abdulaziz Al-Ajlan called for joint action between the public and private sectors to enhance the access of the Kingdom’s exports to international markets, improve the export environment and spread its culture within the Saudi business community, in order to achieve the aspirations of Vision 2030 by raising the proportion of non-oil exports to about 50% of the total The domestic product, praising what the Saudi industry and the private sector in general find in the interest, care and support of the Custodian of the Two Holy Mosques and His Highness the Crown Prince, may God preserve them.

This came during his participation as a speaker in the opening session of the Ninth Annual Saudi Trade Finance Summit in Riyadh, along with senior financial decision makers, relevant bodies, companies and business owners.

To improve the Kingdom’s export system, Al-Ajlan pointed to the necessity of unifying the regulatory reference for the export sector, signing more free trade agreements with countries, enabling small and medium enterprises to enter the export market, improving the capabilities of commercial attachés in the targeted countries and holding trade fairs.

He stressed that Saudi exports are in a stage of recovery after the Corona pandemic, as Saudi exports of non-oil products increased in the second quarter of 2021 by 55% compared to the second quarter of the year 2020. International buyers and the concentration of demand on basic products such as food and medicines, which do not constitute a large proportion of the total Saudi exports due to the nature of the Saudi industrial sector, in addition to the low percentage of re-exports, as the priority was to secure domestic demand.

Al-Ajlan noted the pioneering role played by the Federation of Saudi Chambers in the file of “Saudi exports” in general and during the Corona pandemic specifically through the National Committee for Exports, which includes a group of Saudi exporters who are working to discuss export issues and obstacles with government agencies within And outside the Kingdom, while the union formed a crisis cell during the pandemic that worked to facilitate communication between the government and the private sector to reduce negative impacts on commercial activities and communicate with international partners to ensure the continuity of supply and supply chains, and it also works regularly to conduct studies to understand the challenges facing exports and discuss them with related parties.

He stressed the importance of the partnership between the public and private sectors to improve Saudi trade with international markets, noting the role of the Federation in empowering the Saudi private sector through more than 125 local and international alliances and partnerships, which clearly contributed to the growth of the private sector and the opening of new markets for Saudi exports.

Al-Ajlan pointed out the importance of the initiative to localize the local industry in promoting exports, as the Kingdom is now producing many materials that it used to import from abroad, such as military equipment and others, which after securing local demand is expected to focus on expanding in foreign markets, and this constitutes one of the goals of Vision 2030. To increase the localization of existing industries and create new industries through several programs that have shown good results that will positively reflect on Saudi GDP and exports.