Financial Times: Saudi brands are launched globally with the support of Vision 2030
A newspaper said "Financial Times" The Saudi brands are witnessing a major local expansion recently, which confirms that efforts to diversify The Kingdom’s economy began to bear fruit for many small companies, after the start of Vision 2030, which strengthened the facilitation of procedures and licenses. The national level. The private sector is a major engine for growth one of the citizens, who founded a series of bakeries in its hometown in Al -Ahsa in the eastern region: said: "I entered this field in 2008, and the difference between that time and now"Adding that "The fluctuations are always present and this is the nature of the market, but the current systems protect all parties to the project and give us confidence to expansion."
The newspaper noted the statement of the Minister of Commerce, Majid Al -Qasabi, last July, that 90% of government permits are now granted "Immediately". Entrepreneurs can apply for a commercial license from the house, after it took multiple visits to government offices and long waiting. He had launched his project in 2013, years before the launch of the Saudi Vision 2030.
supportive organizing environment The number of Commercial records in Saudi Arabia from 1.3 million to 1.7 million during the past two years. Vision 2030, to make the private sector the main driver for growth and job creation, also included the launch of the Small and Medium Establishments Authority (facilities) in 2016.
The International Monetary Fund in its report on the Saudi economy last August, to "Strong economic activity in the non -oil sector"Special praises "With improvements in the organizational and commercial environment".
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