JEDDAH: Commerce and Industry Minister Tawfiq Al-Rabiah reaffirmed Saudi Arabia's desire to take the position of an advanced, industrialized country. “The ministry has also resolved to fight cover-up businesses that incur heavy losses to the country,” Al-Rabiah said while addressing the 12th Jeddah Economic Forum during its formal inaugural ceremony at the Jeddah Hilton. Al-Rabiah spoke of plans to create more job opportunities for young Saudi men and women by supporting small businesses. The ministry will soon sign an agreement with the Technical and Vocational Training Corporation (TVTC) to establish a large number of institutes to train Saudis required for the Northern Waad Mining City, He said. Al-Rabiah said his ministry intends to dismantle a bureaucracy that keeps Saudis from being awarded local jobs. Jeddah Chamber of Commerce and Industry's Chairman Saleh Kamel gave the welcome address in which he spoke about the efforts to transform the region into an industrial hub. A number of delegates requested Al-Rabiah and Labor Minister Adel Fakeih to put an end to bureaucratic practices at their ministries. The ongoing global financial crisis has not affected Saudi Arabia. “We have seen the crisis and we have to plan for the present and future generations toward realizing the hopes and aspirations of our youth,” he said. BM ShortURL: http://goo.gl/Oa8LZ Tags: Saudi Arabia, Wants Industrialization Section: Business, Latest News, Saudi Arabia
