Saudi Chambers Federation Elections: Launch of the 16th session to strengthen the private sector
Tomorrow in the capital, Riyadh, the voting process will begin to elect the board of directors of the Federation of Saudi Chambers for the sixteenth term, which covers the period from (2026-2029), after the Federation completed all the logistical preparations and the regulatory and procedural requirements necessary to launch this important electoral entitlement.
The election process is scheduled to take place at the Federation's headquarters, under strict organizational procedures based on the requirements of the Chambers of Commerce Law and its implementing regulations. The elections are under the direct supervision of the Ministry of Commerce to ensure the highest standards of governance, transparency, and integrity during the selection of the new president, vice presidents, and board members, reflecting the Kingdom's commitment to developing institutions representing the private sector.
A rich history and a pivotal role
The Federation of Saudi Chambers boasts a long and distinguished history spanning over four decades, having been established in 1980 as the primary umbrella organization for the Saudi business sector. Throughout its history, 18 prominent economic figures have served as its presidents, contributing significantly to shaping the Kingdom's commercial landscape. The Federation has played a pivotal role in unifying the voice of the private sector, representing it before government entities, and contributing to the formulation of economic decisions that serve the interests of the nation and its citizens.
The importance of timing and keeping pace with Vision 2030
This election cycle is of exceptional importance as it comes at a pivotal stage in the history of the Saudi economy, as the Kingdom moves rapidly towards achieving the goals of Vision 2030. The new council is expected to play a leading role in enhancing the contribution of the private sector to the gross domestic product, raising the percentage of local content, in addition to stimulating innovation and entrepreneurship.
The elected council is also expected to continue efforts to remove obstacles facing investors, and to act as a strategic partner to the public sector in implementing major development projects, thereby enhancing the competitive business environment and attracting more foreign direct investment.
Strengthening international relations
Externally, the Federation bears a significant responsibility in developing the Kingdom's economic relations with its international partners. This is achieved through activating joint business councils, hosting trade delegations, and organizing economic missions that promote promising investment opportunities in the Saudi market, thereby solidifying the Kingdom's position as a global logistics and trade hub connecting three continents.
