Saudi Chambers



Council of Saudi Chambers

Introduction:

The Council of Saudi Chambers is the official federation for the 26 Saudi Chambers of Commerce and Industry, and the Council was formed as per the Royal Decree no. R/6 dated 30/04/1400 Hijri (March 1980) with its headquarter in Riyadh. Its main objective is to observe the common interests of the Saudi Chambers, represent them on local and international levels and assist in the enhancement of the private sector's role in the development of the national economy.

When the Council formed its executive arm, the General Secretariat of the Council of Saudi Chambers, it started its actual activities as of 1401 H (1981). Since then, the Council took good strides towards the achievement of the objectives assigned to it.

The key role of the Council is to serve the common interests of the Saudi Chambers, support the development of the private sector and enhance its role in the development of the national economy.

The Council of Saudi Chambers is also considered as the channel which unite the Saudi private sector trends, the management which monitors its ambitions, and the institutional device that intends to reach its initiatives within the framework of national economic goals.


Council Tasks:

The Council’s functions stems from the system of Saudi Chambers of Commerce & Industry, as imposed by the economic reality of changes and implications affecting the present and the future of the private sector, in the context of the targeted system, and as dictated by the institutional work’s considerations. These tasks could be clarified as follows:

 

• Oversee all private sector matters, monitor its related economic issues and find the appropriate solutions.
   

• Consolidate the visions of chambers and private sector with regard to the relevant common important issues, through stating the unified opinion in the regulations and legislations of economic and financial aspects, which would affect the economic activity.
  Clarify the policies, regulations and decisions taken by official bodies in order to deliver complete and accurate information to the chambers and its affiliates.
   

• Support human and financial resources capabilities of the private sector, raise its contribution to economic activity, and develop its performance to ensure its effective participation in the economic and social development in the Kingdom.
  Introduce and develop activities that serve the business community, encourage and support the chambers’ capabilities to perform such activities .
   

• Represent Chambers of Commerce and Industry in all relevant common issues at both local and external levels.
  Contribute to the development of the chambers’ competencies and support the relationship with its affiliates, to ensure raising of the private sector’s capabilities and expanding its contributions to the national economy.
   

• Develop the predictions of Chambers and business sector and express them with regard to the relevant common important issues.
   

• Provide information and organize periodic conferences and specialized seminars, which combine the activities of the private sector and the government agencies or the regional and international economic gatherings.
  Practice arbitration and settle the commercial and industrial disputes that may arise, in case both conflict’s parties agreed to forward it to the Council, and the conflict is between parties that belong to more than one chamber, or if one of the parties is a local and the other a foreigner.