Saudi Arabia Boosts Efficiency of Customs Clearances

Zakat, Tax and Customs Authority (ZATCA) officials at the event launching initiative for 2-hour Saudi customs clearances (Asharq Al-Awsat)
Zakat, Tax and Customs Authority (ZATCA) officials at the event launching initiative for 2-hour Saudi customs clearances (Asharq Al-Awsat)
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Saudi Arabia Boosts Efficiency of Customs Clearances

Zakat, Tax and Customs Authority (ZATCA) officials at the event launching initiative for 2-hour Saudi customs clearances (Asharq Al-Awsat)
Zakat, Tax and Customs Authority (ZATCA) officials at the event launching initiative for 2-hour Saudi customs clearances (Asharq Al-Awsat)

Saudi Arabia has reduced its customs clearance period from 12 days to 2 hours in a move aimed at increasing the efficiency of customs processes in all the Kingdom’s land, sea and air ports.

The Kingdom, according to a new initiative by the Zakat, Tax and Customs Authority (ZATCA) will target a two-hour customs clearance time at all land, sea and air ports.

The governor of ZATCA, Suhail Abanmi, said that the scheme comes “after the completion of a phase of continuous cooperation and coordination between the customs clearance system.”

“To reach this target is a key possibility for the Kingdom to become a global logistics platform,” added Abanmi.

Speaking at ZATCA’s celebration of World Customs Day, which was marked in Riyadh on Sunday, Abanmi stressed that the newly announced initiative aims to improve customs operations, performance and productivity indicators, strengthen the logistics sector and support the Kingdom’s position in the growth of the world economy.

Abanmi stressed the authority’s commitment to deepen cooperation with local and international bodies, both public and private, in a way that serves the initiative and contributes to enhancing the efficiency of customs services.

He said that the exchange of knowledge between the authority and its customs counterparts was “a top priority.”

“The authority, through its academy, continuously strives to consolidate the importance of building knowledge and skills and developing the potential of its employees through specialized programs in all areas of customs work,” said Abanmi.

“Human capital is the foundation of creativity, innovation and excellence. It is possible to achieve the authority’s strategy, which aims to build an effective working system,” he stressed.

Nashmi Al-Harbi, a logistics expert, said that a higher level of success can be achieved by saving time.

Harbi stressed that Saudi Arabia is proactive in seeking to facilitate and accelerate procedures to achieve the national strategy for transport and logistics services.



Islamic Development Bank Approves $575.63 Million in Financing to Member Countries

The Islamic Development Bank logo
The Islamic Development Bank logo
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Islamic Development Bank Approves $575.63 Million in Financing to Member Countries

The Islamic Development Bank logo
The Islamic Development Bank logo

The Islamic Development Bank’s Board of Executive Directors, chaired by its President, Dr. Muhammad Al Jasser, has approved $575.63 million in financing to foster education, energy, regional and international connectivity as well as job creation and food security in Africa and Central Asia.

The approvals will contribute to the achievement of the Sustainable Development Goals (SDGs), in line with the national development plans and priorities of the recipient member countries.

According to an IDB statement, the Board of Executive Directors approved financing for two energy and connectivity projects in Guinea; two education projects in Kyrgyzstan and Uzbekistan; a transport connectivity project in Kazakhstan; an agri-food MSMEs project in Tunisia; and a rural electrification project in Benin.

“This round of financing approvals represents a milestone in the history of our institution as our annual development approvals have exceeded $5 billion,” said Al Jasser.

He stated that the approvals include the Guinea-Senegal Road Corridor Construction Project which will receive 140 million euros in financing to strengthen Guinea's connectivity with Senegal.

The project will enhance livelihoods by facilitating efficient market and service access, improving roads, lowering transport costs, boosting agriculture, and elevating regional economic integration across West Africa.

Additionally, IsDB approved $80 million in financing for the construction of a 40 MW Thermal Power Plant in Kankan, the second largest city in Guinea, aiming to extend the electricity distribution grid to enhance people’s lives by improving the stability and reliability of electricity supply.