SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina to Support the Dates Sector
MoU between the Islamic Development Bank Group and the Chamber of Commerce and Industry in Medina to Support the Dates Sector

Under the patronage of the Deputy Governor of Medina Region

Medina, KSA – June 14, 2017:  Under the Patronage of H.R.H. Prince Saud Bin Khalid Al-Faisal, Deputy Governor of Medina Region, the Chairman of the Islamic Development Bank (IsDB) Group, H.E Dr. Bandar bin Mohammed Hamza Hajjar and the Chairman of the Chamber of Commerce and Industry of Madinah H.E Mr. Munir Mohammed Nasser bin Saad signed a MoU for mutual cooperation and support the Chamber’s role in promoting the commercial and economic environment in the Medina region, and activating its participation in achieving the goals of the National Transition Program 2020 and the vision of Saudi Arabia 2030. The signing ceremony took place in the Office of H.R.H the Prince and was attended by the Chief Executive Officer of the International Islamic Trade Finance Corporation (ITFC) Eng. Hani Salem Sonbol, and the Secretary-General of the Chamber of Commerce and Industry of Madinah, Mr. Mohammed Mahmoud Ramadan.

The MoU included the development of the dates sector in the Medina area, which will be implemented under the supervision of ITFC, the trade financing arm of the IsDB Group, for two years in cooperation with the International Trade Center (ITC), the United Nations arm in support of the private sector. The project aims to address the obstacles faced by farmers and SMEs to ensure full utilization of the potential of the dates sector in the Medina area to increase internal and external demand.

On this occasion, Dr Bandar Hajjar thanked H.R.H Prince Saud Bin Khalid Al Faisal, Deputy Governor of Medina Region for honoring the signing ceremony of the MoU between the IsDB Group and the Chamber of Commerce and Industry in Medina to support the dates sector, which is of great importance to the region and the Kingdom of Saudi Arabia, which is currently the world's third-largest exporter of fresh and dried dates. Dr. Bandar Hajjar also added, “The Kingdom, which annually produces about 1.2 million tons of dates, has great potential to increase its exports and explore new export markets. The impact and expected results of this project is to improve competitiveness and increase exports of the dates of Medina, which will generate better returns for farmers and create more jobs.” 

Dr. Bandar Hajjar also noted that this pilot project was included under the Member Country Partnership Strategy (MCPS) with Saudi Arabia, which includes projects and activities in the field of trade development and the search for potential and sources of funding within the common objectives of both parties.

From his side, Mr. Munir Mohammed Nasser bin Saad expressed his gratitude on having the MoU signing under the patronage and honor of H.R.H Prince Saud bin Khalid Al-Faisal, Deputy Governor of the Medina and thanked H.E Dr. Bandar Hajjar, Chairman of the IsDB Group on the efforts of the Islamic Development Bank in promoting the competitiveness of the dates sector in Medina to reach global markets and ensure revenue for a large proportion of the population of Medina region of farmers and private sector institutions. “This MoU represents a strategic shift in strengthening the national identity of the dates sector in the Medina area.”

Eng. Hani Salem Sonbol, the CEO ITFC that the International Islamic Trade Finance Corporation (ITFC), supported the Chamber's request to develop the dates sector which is of great importance to Medina and Saudi Arabia. “We also support the capacity building project in the field of international trade. This project provides effective training on the mechanisms and requirements of export to foreign markets, in various productive sectors in Medina. This type of training and rehabilitation was designed by the Foreign Trade Training Center (FTTC) in Egypt to educate the productive sector on the importance of exports. The training courses for this program will then be launched under the supervision of ITFC.”

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 1475 times
PR Category : Banking & Investments
Posted on : Wednesday, June 14, 2017  2:00:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Trick or Treat Your Skin - New Halloween Special Edition Vanilla Pumpkin by The Body Shop [43825-Views]
Launching Hugo Boss Writing Instruments [39569-Views]
New Season Haircare Must-Have: Head & Shoulders Invigorating Apple Fresh Range [35748-Views]
Max Mara Atelier - Fall/Winter 2017 collection [34428-Views]
Justice League – Join the League: Police Limited Edition Timepiece [33317-Views]
Huawei unveils the long-awaited HUAWEI Mate 10 and HUAWEI Mate 10 Pro [29938-Views]
NEW Peptide4 Night Recovery Cream-Oil [29774-Views]
Graham Chronofighter Vintage GMT [29426-Views]
CITIZEN: Svelte BU4108-11H dress watch in black and rose gold plating makes an impact [28638-Views]
The Power of Pro-Collagen [27937-Views]
HUAWEI Mate 10 Series takes the UAE by storm with breakthrough AI capabilities [26822-Views]
SCTDA ‘My Destination' Program Kicked Off with SUC Students [25670-Views]
SOUQ.com to Launch Half a Million Deals for White Friday 2017 [25022-Views]
40 schools joined the 4th Young Business Talent Hunt 2017 [23997-Views]
LG Multi V 5 VRF With Ultimate Inverter Compressor Launched in the UAE [23477-Views]
Meet and Greet with Jasmine Brett Stringer Held at SUC [22985-Views]
Ford Embraces Future Investment Initiatives to Boost Smart Mobility in the Middle East [22939-Views]
IKEA Reveals Nearly Half of Adults in the UAE Play Every Day [22935-Views]
Make Room for Play and Celebration With IKEA During Dubai Design Week [21791-Views]
Huawei Consumer Business Group opens the Middle East's first ever ‘Huawei Experience Store' at The D... [21611-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories