Business leaders pledge support

Business leaders pledge support
Updated 02 April 2015
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Business leaders pledge support

Business leaders pledge support

Saudi business leaders have voiced their strong support for Operation Decisive Storm launched under orders of Custodian of the Two Holy Mosques King Salman against the Houthi terrorists in Yemen.
At its 85th board meeting on Wednesday in Riyadh, the Council of Saudi Chambers (CSC), representing business sectors in the country, declared full support and blessing for the ongoing operation. The meeting was presided over by CSC Chairman Abdul Rahman Al-Zamil in the presence of more than 50 business leaders and heads of various chambers of commerce in the Kingdom.
They reaffirmed their full support for the operation. They believe that the action was to curb the aggression of the Houthis that affects security and stability in Yemen and the neighboring region.
The CSC said that the Saudi business sector and institutional organs remained very concerned over the course of political and military events in Yemen, with its dire implications for the economy and living conditions of the Yemenis.
According to business circles, the Houthi invasion has resulted in Yemen losing many opportunities for foreign investment, from the Gulf Cooperation Council (GCC) states in particular, and that several development and investment projects have been disrupted.
This prompted many countries to withhold investments, 80 percent of them from the GCC states.
The CSC declaration confirmed that the achievements of the military would ensure the return of Saudi investments to Yemen and enable the participation of the Saudi business sector in the reconstruction of the country.
The statement noted the importance of Saudi-Yemeni relations, and the influential Saudi business sector which has placed Saudi Arabia first in terms of investments in Yemen over the past years.
The statement stressed the readiness of the Saudi private sector in all its activities to cooperate with leaders, especially on economic issues. It is also ready to implement any order by the leadership at this sensitive stage, which requires unified support to Yemenis to overcome this situation.