The Governor of Makkah Region, Prince Abdul Majeed Bin Abdul Aziz, has established a Committee to streamline Makkah city’s laws, and to improve prospects for individuals and companies wishing to invest in the region.
According to a report in the Arabic-language daily ‘Al-Watan’, the Committee is examining over 35 problems faced by foreign investors seeking to invest in the Holy City, including those involving a number of Saudi laws, regulations, and regulatory bodies.
The Committee, comprising senior government officials and business executives, will also study ways to encourage economic growth in Makkah, the Jeddah-based Saudi Gazette reported.
The members of the economic development team are: Abdul-Qader Al-Fadl, Zeyad Al-Bassam; Mohammad bin Ateeq Al-Harbi, Director of the Makkah branch of the Ministry of Commerce; Saleh bin Mohammad Saqr; Abdul Aziz Al-Hazae; Mohammad Al-Shareef, Secretary General of the Jeddah Chamber of Commerce and Industry; Suhail bin Hashem Sawan, and Mazen bin Mohammad Baterji.
Source: SPA
