Saudi Ministry of Investment concludes participation in 17th GPCA Forum

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Updated 10 December 2023
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Saudi Ministry of Investment concludes participation in 17th GPCA Forum

RIYADH: Saudi Arabia’s Ministry of Investment has concluded its participation in the 17th annual Gulf Petrochemicals and Chemicals Association Forum, which began on Monday in Doha, the Saudi Press Agency reported on Wednesday.

Various entities under the Invest Saudi umbrella participated at the event, which had the theme “Mobilizing Chemistry for Impactful Transformation.”

These bodies included the Ministry of Industry and Mineral Resources; the Royal Commission for Jubail and Yanbu; the Local Content and Government Procurement Authority; the Saudi Authority for Industrial Cities and Technology Zones; the National Industrial Development Center; the Saudi Industrial Development Fund; the Industrial Center; and the National Industrial Development and Logistics Program.

The Ministry of Investment highlighted its role in providing services to investors and its affiliated business centers, outlining efforts to improve the investment environment in Saudi Arabia, along with showcasing prominent investment opportunities in the petrochemical sector.

The ministry held a number of meetings and discussion panels with investors and companies at the forum to share knowledge about investment opportunities available in the petrochemical industries sector, and to look at reforms of the business environment in the Kingdom.

A pavilion at the event showcased the services and products provided by the ministry and participating entities to investors.

The GPCA is a representative organization for the sector in the Arabian Gulf region and adopts the common interests of member companies in the union, and those operating in the chemicals production sector.


ZATCA thwarts massive captagon smuggling attempt at Al-Haditha border

Updated 57 min 47 sec ago
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ZATCA thwarts massive captagon smuggling attempt at Al-Haditha border

  • Following the seizure, ZATCA coordinated with the General Directorate of Narcotics Control, leading to the arrest of two individuals

RIYADH: The Zakat, Tax and Customs Authority at the Al-Haditha border crossing intercepted an attempt to smuggle 269,411 captagon pills hidden in a commercial food consignment during a routine inspection.

The authority thwarted the attempt to smuggle the contraband using advanced security technologies, the Saudi Press Agency reported.

Following the seizure, ZATCA coordinated with the General Directorate of Narcotics Control, leading to the arrest of two individuals intended to receive the shipment in the Kingdom.

ZATCA spokesperson Hamoud Al-Harbi reaffirmed the authority’s commitment to tightening border security as a core strategic pillar to protect society from the prohibited goods.

The authority encourages the public to support national security by reporting smuggling activities via the confidential number 1910 or email at [email protected].

Through these channels, the authority receives information related to smuggling crimes and violations of the Unified Customs Law with complete confidentiality, and a financial reward is granted to those providing the tip-off if the information is accurate.

The Kingdom vs Captagon
Inside Saudi Arabia's war against the drug destroying lives across the Arab world
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