MC

 

His Excellency the Minister of Commerce and Investment, Dr. Majid bin Abdullah Al Qassabi, conveys his congratulation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense and Chairman of the Council for Economic Affairs and Development, and to all Saudi Citizens, on the third anniversary of the allegiance-pledge for the Custodian of the Two Holy Mosques.

H.E. Dr. Al Qasabi pointed out that the third anniversary of the allegiance-pledge comes concurrently with the announcement of the new fiscal year budget, showing the largest public expenditure in the history of the Kingdom. 

This budget aims at raising the level of performance and developing the government services and enhancing the efficiency of expenditure and transparency. H. E. added that many reforms had been implemented to improve the business and investment environment, as well as to enhance the investors’ confidence. This is under the direct supervision of the Committee for Business Performance Improvement, which represents all government agencies. This committee contributes for setting up “Meras” e-platform, also the Consolidated Business Center. All that for easing and facilitating the procedures for starting up a business, and for providing the requested services for investors in an integrated and easy way, through one e-platform and under one roof. This has made the Kingdom occupy high rank in the World Index for the ease of starting up and practicing a business. The World Bank Group Report has ranked the Kingdom of Saudi Arabia the second among the top high-income countries, as well as the second in the G-20 countries in terms of implementing business reforms and improvements.

H.E. the Minister pointed out that the Cabinet's approval on the Consumer Protection Plan will enhance the government's role in protecting the consumers against any unjustified increases in prices of goods and products, concurrently with the implementation of the recent economic reforms during the coming period. H.E. added that MCI has prepared many proposals for improving the investment environment, which are under study by the competent authorities. These proposals include Insolvency System, E-Commerce System, and Franchise System.

H. E. Dr. Al Qasabi prays Almighty Allah to protect and bless the Custodian of the Two Holy Mosques and H. R. Highness the Crown Prince, and to grant them with all help and support to serve our religion and our homeland. He prays Almighty Allah as well to protect our country against any evil and to keep it safe.