Sheikh Shakhbout bin Nahyan bin Mubarak, UAE
ambassador to Saudi Arabia, underlined that the UAE and Saudi Arabia have
strategic relations based on solid foundations of unity, joint vision,
objectives and cooperation.
This came during the entrepreneurship meeting hosted
by the Jeddah Chamber of Commerce and Industry (JCCI) on Tuesday, at its
The UAE ambassador reviewed the highlights of
entrepreneurial opportunities available in the two countries, pointing out that
the small and medium-sized projects sector is important in that it promotes the
country’s future and develops its economy on the internal scenes.
He pointed out that the country signed 20
memorandums of understanding with Saudi Arabia to tackle areas of priorities
and kick-start the implementation phase of the “Strategy of Resolve” that aims
to create a model of integration and cooperation between the two countries.
Moreover, Shakhbout wished for further cooperation
in small and medium-sized enterprises and for the adoption of the creative
Saudi experience in this area.
“A bright future awaits the two countries with big
investment and development initiatives, based on solid foundations of unity,
joint vision, objectives and cooperation,” he said.
Mazen Batterjee, deputy chairman of the JCCI, said:
“Entrepreneurship in Saudi Arabia is a key element for economic development, as
per Vision 2030, especially now that the Kingdom is well ranked in the
entrepreneurship index worldwide.”
He proposed to establish a youth work council
affiliated to Jeddah chamber for entrepreneurs in Saudi Arabia and the UAE.
Thamer Al-Farshouti, head of the JCCI’s
entrepreneurship committee, tackled the efforts exerted by the committee to
serve this broad sector which is the lifeblood of any nation’s economic
“The committee has strived to eliminate barriers to
entrepreneurs, explore different opportunities and adopt the ideas and
creations of entrepreneurs, and turn them into successful projects,” he
concluded. – AN