Saudi Gazette report

JEDDAH — Deputy Emir of Makkah Prince Badr bin Sultan attended the ceremony of signing a contract by the Jeddah Chamber of Commerce and the Taif Chamber of Commerce to affix the Manafa Partnership Settlement, which goals to remodel Makkah and Madinah into enticing monetary and enterprise hubs of the Islamic world by making use of the sacred standing of the 2 holy cities.

The settlement was signed by Chairman of the Manafa Board of Administrators Abdullah bin Saleh Kamel, Chairman of the Jeddah Chamber Muhammad Naghi and Chairman of the Taif Chamber Ghazi bin Mastour Al-Qathami.

This comes in step with the Tripartite Manafa Partnership Settlement that was signed final 12 months, between the Islamic Chamber of Commerce, Trade and Agriculture, the Chamber of Commerce in Makkah and the Chamber of Commerce in Madinah, headed by Chairman of the Board of Administrators Munir Muhammad Nasser bin Saad.

The Manafa Partnership entails a set of initiatives to be undertaken within the cities of Makkah and Madinah with a selected future imaginative and prescient, an built-in visible id, and an annual program that’s agreed upon and accredited by the events earlier than the start of every calendar 12 months.

The brand new settlement, which was signed on the headquarters of the Makkah Area emirate in Jeddah, opens the door for the Jeddah and Taif chambers to be included within the fundamental Manafa Partnership Settlement in view of the truth that the town of Jeddah is a gateway to the Two Holy Mosques, and that the town of Taif is positioned throughout the administrative area of the Makkah Area emirate. The Tripartite Partnership Settlement is a part of the Islamic Chamber of Commerce, Trade and Agriculture endeavors to drive the financial and social growth of its members.

Prince Badr additionally witnessed the signing of a memorandum of understanding between the Makkah chamber and the Jeddah chamber for the Warehouse Metropolis, in step with the Kingdom’s Imaginative and prescient 2030, with the participation of members of the boards of administrators of the 2 chambers and enterprise sector officers from the 2 cities.

Beneath the signed settlement, the 2 chambers will make investments, throughout the framework of the brand new partnership, 3 million sq. meters belonging to the Normal Ports Authority, positioned south of Jeddah Islamic Port, for a interval of 30 years ranging from Could 25, 2028, with the purpose of enhancing the monetary effectivity of enterprise house owners within the two cities and attaining monetary sustainability.