Riyadh Chamber Launches Initiatives to Promote E-Commerce

The Chamber of Commerce and Industry in Riyadh to launch a set of new initiatives to promote e-commerce
The Chamber of Commerce and Industry in Riyadh to launch a set of new initiatives to promote e-commerce
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Riyadh Chamber Launches Initiatives to Promote E-Commerce

The Chamber of Commerce and Industry in Riyadh to launch a set of new initiatives to promote e-commerce
The Chamber of Commerce and Industry in Riyadh to launch a set of new initiatives to promote e-commerce

The Chamber of Commerce and Industry in Riyadh said it would launch a set of new initiatives to promote e-commerce in the Saudi market. Those would pertain to protectionist legislation, technology development and expansion of electronic commercial transactions, logistical requirements and electronic payment solutions.

In remarks to Asharq Al-Awsat, Abdullah Al-Ajlan, member of the Board of Directors of the Riyadh Chamber and chairman of the E-Commerce Committee, said that the volume of e-commerce was witnessing high growth, noting that it grew by 74 percent during the months of March and April.

This rate has been achieved in electronic payments in the Kingdom’s market, he said, noting that since mid-2019, Saudi Arabia has exceeded the target of 28 percent, set in Vision 2030. He also expected e-commerce to grow at a rate of 10 percent next year, underlining the positive impact of the Covid-19 pandemic on this type of trade.

“The Riyadh Chamber, through the e-commerce committee, will work on addressing challenges by planning to implement a number of initiatives, including studying the obstacles that prevent the international expansion of Saudi commercial sites and contributing to developing financial technology solutions for e-commerce platforms and logistical support for commercial sectors,” Al-Ajlan said.

He continued: “The Chamber will also seek to provide the necessary advice and training for the transformation to electronic stores and to establish specialized sub-committees to support and enable e-commerce in several areas.”

Regarding the challenges facing the e-commerce sector in Saudi Arabia, Al-Ajlan said: “There are some challenges pertaining to the legislation, including the logistical requirements related to e-commerce... This requires more work, whether at the level of legislation or regulation.”

“Technical transformation has become a necessity… The coronavirus pandemic has rearranged company priorities and raised interest in technological advancement and e-commerce,” he stated.



Nigeria Nears Military Agreements with Saudi Arabia to Boost Security, Combat Terrorism

Nigerian Minister of State and Saudi Deputy Defense Minister in Riyadh (SPA)
Nigerian Minister of State and Saudi Deputy Defense Minister in Riyadh (SPA)
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Nigeria Nears Military Agreements with Saudi Arabia to Boost Security, Combat Terrorism

Nigerian Minister of State and Saudi Deputy Defense Minister in Riyadh (SPA)
Nigerian Minister of State and Saudi Deputy Defense Minister in Riyadh (SPA)

Nigeria’s Minister of State for Defense, Dr. Bello Mohammed Matawalle, told Asharq Al-Awsat that his country is close to signing military agreements with Saudi Arabia. These deals will include joint training, capacity-building programs, counterterrorism training, and intelligence sharing.

He said Nigeria is working to strengthen its strategic partnership with Saudi Arabia. “My visit focused on boosting military cooperation and ties with the Saudi Armed Forces,” he added after meeting Saudi Defense Minister Prince Khalid bin Salman.

Matawalle said his country believes in Saudi Arabia’s role in promoting regional stability and global security. He noted that his visit aimed to explore new opportunities, share ideas, and strengthen cooperation to address common security threats.

Matawalle said the talks focused on boosting security ties, including counterterrorism training and intelligence sharing.

“We aim to solidify Nigeria’s partnership with Saudi Arabia and finalize agreements on joint training programs and capacity-building initiatives to strengthen our armed forces,” he said.

He also visited the Islamic Military Counter Terrorism Coalition (IMCTC) headquarters in Riyadh, where he met Secretary-General Maj. Gen. Mohammed bin Saeed Al-Moghedi to discuss enhancing cooperation in security and counterterrorism with Saudi Arabia and other member states.

Counterterrorism Efforts

Nigeria has made strong progress in fighting terrorism, thanks to multi-faceted strategies, according to Matawalle. He pointed to the success of Operation FANSAN YAMMA, which has significantly reduced banditry in the northwest.

In the northeast, groups like Boko Haram and ISWAP have been largely defeated through Operation HADIN KAI, he said, crediting military action and international partnerships, including with Saudi Arabia, for improved intelligence and training.

Matawalle also praised a recent counterterrorism conference in Nigeria, calling it a vital step.

“It highlighted the importance of working together to tackle terrorism and strengthen regional security,” he said.

Matawalle said that the recent counterterrorism conference helped countries share strategies, intelligence, and best practices. He stressed the need for a united front against terrorist networks and highlighted the event’s role in boosting collaboration between African nations and global partners.

Matawalle added that the conference reinforced Nigeria’s leadership in regional security and the importance of partnerships like the one with the IMCTC.

Nigeria Calls for Stronger Arab-African Role in Regional Crises

Matawalle urged Arab-African nations to work together to stop the wars in Palestine and Lebanon. He called for collective action to push for a ceasefire and provide humanitarian aid to those affected.

He emphasized the need for Arab-African countries to use their influence in organizations like the UN and African Union to seek a fair resolution to the Israeli-Palestinian conflict.

On Sudan’s crisis, Matawalle reaffirmed Nigeria’s support for peaceful solutions through inclusive dialogue. He stressed that clear mandates, logistical support, and collaboration with local stakeholders are essential for success.

“Nigeria is ready to work with regional and international partners to ensure peace initiatives succeed,” he said, highlighting Nigeria’s leadership roles in ECOWAS and the African Union. He also backed deploying mediators to secure ceasefires and deliver humanitarian aid.

Matawalle said deploying African forces in Sudan could succeed if efforts are well-coordinated, properly funded, and internationally supported.

He expressed optimism, pointing to growing agreement among African nations on the importance of African-led solutions. With backing from the African Union and global partners, he believes such initiatives could protect civilians and promote lasting stability.