JEDDAH: In 2018, Saudi Arabia implemented a number of initiatives and reforms that aim to improve its business environment and enhance its competitiveness.
In this regard, the Executive Committee for Improving the Performance of Private Sector Businesses (Tayseer), headed by Commerce and Investment Minister Dr. Majid bin Abdullah Al-Qasabi, monitored and implemented initiatives and reforms to provide a stable and motivating environment for the private sector.
Tayseer works with more than 40 government agencies as well as the private sector, represented by the Council of Saudi Chambers, under one umbrella to empower and develop the private sector.
Tayseer follows the most important international reports in order to improve the Kingdom’s regional and global rankings. They include the Doing Business report issued by the World Bank Group, and the Global Competitiveness Report of the World Economic Forum.
Tayseer is working on more than 300 initiatives that aim to improve the business environment. Following the launch of the Meras platform, starting a business now requires only one step and one day. It used to require 17 days and 10 steps.
Also, business and commercial visas are issued within 24 hours of a mission receiving the request, and commercial delegations’ visas are issued within two days. Previously, the issuance of commercial visas took several weeks.
Business visas do not require an invitation letter, and are issued within 24 hours of a mission receiving the request. Commercial visas through visa service offices are issued within 24 hours. For commercial delegations, the duration for visa issuance has been reduced from 30 days to just two.
The time required to begin receiving electricity services has been reduced to nine days through a two-step process, and compensation mechanisms have been developed to address cases of service interruptions or delays.
Regarding trade, the single-window platform Fasah has been launched to facilitate customs clearance and import and export procedures.
The Saudi Center for Commercial Arbitration was established to settle disputes according to the best international practices.
Saudi Arabia implements initiatives to improve business environment
Saudi Arabia implements initiatives to improve business environment
- Tayseer working with more than 40 government agencies as well as the private sector
- Tayseer currently working on more than 300 initiatives that aim to improve the business environment
What makes the Taif Rose such a precious fragrance product?
- These farms produce nearly 550 million roses annually, all harvested during a brief season of no more than 45 days, from early March to the end of April
TAIF: Taif roses, renowned for their exceptional aroma and the meticulous care required in cultivation, harvesting, and processing, are among the Kingdom’s most valuable natural perfume products and stand out as prominent agricultural and cultural symbols deeply connected to the region’s heritage and tourism.
Taif rose farms, numbering over 910 and spread across Al-Hada, Al-Shafa, Wadi Muharram, Al-Wahat, Al-Wahit, and Wadi Liya, are home to approximately 1,144,000 rose bushes covering about 270 hectares of agricultural land.
FASTFACT
Taif rose farms, numbering over 910 and spread across Al-Hada, Al-Shafa, Wadi Muharram, Al-Wahat, Al-Wahit, and Wadi Liya, are home to approximately 1,144,000 rose bushes covering about 270 hectares of agricultural land.
These farms produce nearly 550 million roses annually, all harvested during a brief season of no more than 45 days, from early March to the end of April.
This harvest yields around 20,000 tolas of Taif rose oil. Producing a single tola requires approximately 12,000 roses, which are picked manually at dawn and distilled within 24 hours to preserve the purity and quality of the scent before reaching the market.
