Saudi Arabia’s Shura Council has stressed the importance of creating a multilingual e-platform for its economic cities that provides integrated information about them.
It also highlighted the need to promote the industrial sector in the Kingdom by developing systems and legislations, offering incentives and raising levels of competitiveness with a special focus on qualitative industries and global investors.
Discussions on Monday focused on the Economic Cities and Special Zones Authority (ECZA). The Council requested the Authority to develop its legislative system and work on attracting foreign investors.
Assistant Speaker of the Shura Council Dr. Yahya al-Samaan said the Council voted on ECZA’s development of a system of regulatory and financial legislation.
“It will include more incentives and initiatives to enhance competitiveness in special economic cities and areas and attract qualitative industries and global foreign investors,” he explained.
In its decision, the Council stressed that the ECZA activate the role of the local private sector in industrial investment and increase job opportunities for citizens.
Meanwhile, it approved a project to amend the system of cooperative societies to allow them to engage important figures and contribute to increasing the efficiency of societies administratively, financially and technically and activate governance.
The Council also voted on demands for the speedy privatization of the Saudi Broadcasting Authority based on the studies accomplished in this regard and on speeding up its full independence and development of its internal regulations, in line with its tasks and objectives.
It called on the Authority to determine the needs that would enable it to be competitive in the media market, urging it to develop its cadres to the highest global standards.
