MoU to Empower Saudi Women in the Industrial Sector

MoU to Empower Saudi Women in the Industrial Sector
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MoU to Empower Saudi Women in the Industrial Sector

MoU to Empower Saudi Women in the Industrial Sector

The Saudi Industrial Property Authority (MODON) signed a memorandum of understanding (MoU) with the Women and Children Social Commission to boost cooperation, increase efficiency, promote women’s participation in the labor market, and empower them to find suitable job opportunities in industrial cities.

The MoU also aims to contribute to non-profit societal development, support women entrepreneurs and empower their initiatives in the industrial sector.

The agreement was signed by MODON Director General Khalid bin Mohammed Al-Salem and the commission’s deputy head Hoda Al-Rowaished.

The MoU is part of MODON’s efforts to build cooperation ties with the parties that would boost development of the industrial sector, prepare an adequate environment, hold partnerships with the private and the non-profit sectors, and develop expertise and human capital, said Salem.

In another context, the Ministry of Labor and Social Development approved guidelines that streamline its decision to nationalize 12 activities in the retail sector.

The 12 work areas banned for expats are: watch shops, optical stores, medical equipment stores, electrical and electronics shops, outlets selling car spare parts, building material shops, outlets selling all types of carpets, automobile and mobile phone shops, shops selling home furniture and ready-made office material, sales outlets of ready-made garments, children clothes and men’s supplies, household utensils shops and pastry shops.

In this regard, a committee was formed to develop a program for nationalizing jobs in the 12 occupations and coordinating with relevant authorities. The committee members were drawn from the Ministry of Labour and Social Development, the Human Resources Development Fund (HADAF), and the Social Development Bank.



UAE, Morocco Finalize Terms of Comprehensive Economic Partnership Agreement

The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Moroccan Minister of Industry and Trade Ryad Mezzour. WAM
The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Moroccan Minister of Industry and Trade Ryad Mezzour. WAM
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UAE, Morocco Finalize Terms of Comprehensive Economic Partnership Agreement

The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Moroccan Minister of Industry and Trade Ryad Mezzour. WAM
The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Moroccan Minister of Industry and Trade Ryad Mezzour. WAM

The United Arab Emirates and Morocco have finalized the terms of a Comprehensive Economic Partnership Agreement (CEPA) that will launch a new chapter of mutually beneficial trade and investment ties between the two countries, Emirates News Agency (WAM) reported.

The conclusion of negotiations was confirmed by the signing of a joint statement by Dr. Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, and Moroccan Minister of Industry and Trade Ryad Mezzour, WAM said.

Upon implementation, the UAE-Morocco CEPA will facilitate the free flow of goods and services by reducing or removing tariffs, eliminating unnecessary barriers to trade, improving market access for services, enhancing customs harmonization and establishing flexible rules of origin for goods.

It will also establish platforms for investment and private-sector collaboration in priority sectors such as renewable energy, tourism, infrastructure, mining, food security, transport, logistics, and ICT, WAM added.

The two countries shared $1.3 billion in non-oil trade in 2023, an increase of 30 percent on 2022 and 83 percent more than was recorded in 2019. The UAE is the largest Arab investor in Morocco with more than $15 billion invested in a variety of strategic projects.