Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Big firms threaten programs of productive families  Join our daily free Newsletter

MENAFN - Arab News - 10/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Experts have warned that the programs of productive families may be challenged by the presence of big companies in the saudi market and demanded that more opportunities be created for small and medium enterprises to diversify the market and strengthen the economy

Twenty-two saudi and arab experts made these observations during the second day of the 'made in saudi arabia" national forum and exhibition of the productive families program sponsored by makkah gov. prince mishaal bin abdullah in jeddah

The programs aim to train 5000 women and girls in jeddah with the participation of 600 families in the production of various goods and services

The participants in the first session chaired by loay bin bakr al-taiar dean of the student affairs college at the university of business and technology stressed the need to develop the capacity of more than 25000 families in saudi arabia involved in production activities. the session also discussed the best structural and regulatory practices for managing the activities of these productive families

Abdullah al-shamli shamsuddin predicted that the value-added returns from the projects of these families will exceed about 50 percent of its revenues and recommended that smaller projects be granted to promote economic development among low-income groups who represent a significant proportion of the population in all developing societies

Hatem bin hassan faraj qurmon a representative of the university of science and technology and a specialist in the management of marketing operations said that 90 percent of entrepreneurs and owners of small businesses leave the market after less than three years of launching their projects as a result of administrative errors namely marketing issues

Meanwhile redah al-asafi manager of the productive families program in the national commercial bank announced plans to launch 20 new branches in the next five years. these branches will specialize in the provision of microcredit loans and support 22000 productive families. 'the national commercial bank is the owner of the largest number of initiatives in this direction having trained 9904 beneficiaries through the productive families program launched several years ago" he said

Atef malaaka a financial adviser said the dominance of big companies in the saudi economic market is a catastrophic phenomenon with unknown consequences. he expressed his reservations about enabling the large corporations to control the reins of the national economy which are steadily contributing to the disappearance of the middle class

He emphasized the need to change the work culture arguing that the change should begin through education in schools where young people should be introduced to the importance of a working life.

Salah bin mahmoud abu nar a faculty member of the university of business and technology moderated the second session which focused on providing insight on the best financial funding and investment practices in the management of the productive families activities. during this session muhammad salim discussed the financial management approaches of different activities while another speaker hassan yousef defined the importance of the contribution of the private sector and government agencies

The third session headed by fahd bin yousef sharif al-itani a wto expert involved presentations of the success of the programs where mahmoud bin mohammed turkestani vice president of the social responsibility department of ncb reviewed the programs and initiatives introduced in the past few years

A total of 10 workshops were held covering topics such as the production of fashion design production and marketing of jewelry marketing of food productions funding and financial management

The event is the third in a series of meetings and exhibitions held in 2012 and 2013 under the same name but with different themes and activities. the event is carefully planned to keep pace with the developments of the market.


 


Arab News




  MENA News Headlines
 Feb 1 2015 - HMG wins Excellence Prize for patient care from Arab HealthArab News
(MENAFN - Arab News) Dr. Sulaiman Al-Habib Medical Group (HMG) continues its noticeable attendance in the Arab Health Exhibition in Dubai this year as it has been rewarded with the Excellence Prize ...

 Feb 1 2015 - How to get a job done for 5 onlyArab News
(MENAFN - Arab News) It sounds like a crazy idea but you can actually get a brand new logo for your company or get 250 words translated or 1500 words proofread or your personal piano player for just ...

 Feb 1 2015 - Etihad Airways appoints first female Emirati airport managerArab News
(MENAFN - Arab News) Etihad Airways the national airline of the UAE has appointed Fatima Al-Kharousi as the first Emirati female airport manager. Based in Nagoya Japan she will be responsible for ...

 Feb 1 2015 - Saudi- Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Israeli occupation forces Arrest 10 Palestinian in West BankQatar News Agency
(MENAFN - QNA) Israeli occupation forces arrested since dawn today10 Palestinians in the West Bank amid heavy gunfire during incursions into the West Bank cities of Hebron, Bethlehem and ...

 Feb 1 2015 - 'Qatar Green Building Conference' to Take Place in Doha in AprilQatar News Agency
(MENAFN - QNA) Qatar Green Building Council (QGBC), a member of Qatar Foundation for Education, Science and Community Development (QF), has announced its upcoming inaugural annual conference. The ...

 Feb 1 2015 - Jordanian Government Condemns Execution of Japanese HostageQatar News Agency
(MENAFN - QNA) The Jordanian government strongly condemned on Sunday Daash killing of Japanese hostage journalist Kenji Goto. Jordanian Minister of Information Affairs and Government Spokesman Dr. ...

 Feb 1 2015 - Qatar Armed Forces General Command Issues Precautionary WarningQatar News Agency
(MENAFN - QNA) Qatar Armed Forces General Command forces has announced that the marine shooting range (O.B.D-28), located east of Mesaieed near Fasht Al-Hadid, will be active during the period from ...

 Feb 1 2015 - Qatar Computing Research Institute, Boeing to Host MLDAS 2015 in MarchQatar News Agency
(MENAFN - QNA) Building on the overwhelming success of last year's inaugural symposium, Qatar Computing Research Institute (QCRI) and Boeing are once again partnering to host the second edition of ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help