Federation of Saudi Chambers Establishment
The Federation for Saudi Chambers of Commerce and Industry is the official federation for the 28 Saudi Chambers. The Council was formed as per the Royal Decree # R/6 dated 30/04/1400 Hijri (March 1980) with its head office 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, it started its actual tasks as of 1401 H (1981). Since then, the Council took good strides towards the realization 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 national development.
The Council managed, through the support of the Chambers and relevant government authorities, to realize a large portion of its objectives in different fields.
FSC Role:
FSC acts as an umbrella for the business sector and chambers of commerce and industry in the Kingdom of Saudi Arabia. It works towards representing and observing the common interests of these entities, representing them on the local and international levels, and fostering their contribution to the national economic development process.
- Locally: Conveying concerns of the business sector to relevant government agencies. There are 32 national committees representing various sectors in the Kingdom.
- Internationally: Representing the business sector in the international arena, including events and conferences, and participating in developing international economic policies. In addition to fostering the Kingdom’s relations with its trade partners, worldwide, and enhancing Saudi exports via 31 Saudi-foreign business councils at FSC.
Administrative Organization of the Council:
Board of Directors:
The Board of Directors is composed of the heads of member Chambers and elected members from the board of directors of each Chamber. This makes the total number of members to 56 with a tenure of three years. In its first meeting the board elects its Chairman and two Deputies. The same Chairman shall not be elected for two successive terms.
The Council’s Executive Committee:
It consists of the chairman, his two deputies and six members of the chambers’ chairmen to be selected in the alphabetical order of the chambers. The Committee’s membership duration period is only one year for the six members, but as for the chairman and his deputies, it lasts throughout the council’s session of three years. This Committee looks into issues of utmost importance and urgency, and prepares for the Board of Directors’ meetings. The main task of this Committee is to decide on the financial and administrative matters and to propose, prepare and study important issues before submitting them to the Council, in addition to following-up on the implementation of resolutions and recommendations issued in the Council’s meetings.
The General Secretariat:
The General Secretariat of the Council is the executive arm that carries out the tasks and realizes the objectives of the Council. The General Secretariat is also the base of the institutional activities of the Council and is headed by the Secretary General.