A brief about the visit of the Deputy Chairman of the Saudi Chambers Federation to Skyline Holdings after the success of the Saudi-Turkish Economic Business Forum in Istanbul, which was held on Wednesday, 24th of Dhu al-Hijjah 1444 AH, corresponding to July 12, 2023. The forum achieved agreements and joint activities between Saudi and Turkish companies. Skyline Holdings, founded by Yemeni businessman Mohamed Al-Musalli over two decades ago in Istanbul, stood out as one of the prominent companies in this meeting. Skyline is considered a haven for Arab investors coming to Turkey.
Deputy Chairman of the Saudi Chambers Federation Visits Us On the sidelines of the forum, a delegation of Saudi businessmen visited the headquarters of Skyline Holdings in Istanbul last Thursday. The delegation was headed by Mr. Fayez bin Dhaer Al-Shailei, Deputy Chairman of the Saudi Chambers of Commerce. Mr. Mohamed Al-Musalli, Chairman of the Board of Directors of Skyline Holdings, warmly welcomed them with exceptional hospitality and reception.
Enhancing Mutual Cooperation As part of strengthening investment relations between the Republic of Turkey and the Kingdom of Saudi Arabia, Mr. Shailei presented the cooperation protocol signed between the Saudi Chambers of Commerce Federation and Skyline Holdings to Mr. Al-Musalli during the visit. Shailei and Al-Musalli emphasized the importance of intensifying these meetings that enhance continuous networking between the two countries.
Saudi-Turkish relations have witnessed continuous improvement on all levels for over a year and a half. Such meetings are an ideal opportunity to restore Saudi investment role in the diverse Turkish market, which meets the requirements of foreign investors with its flexible laws and various sectors, and opens up new horizons thanks to Turkey's strategic location and economic status regionally and globally.
About the Saudi Chambers of Commerce Federation The Saudi Chambers of Commerce Federation was established in Riyadh, where its official headquarters are located, by Royal Decree No. M/6 dated March 30, 1980 (corresponding to 30/4/1400 AH). The main purpose of this initiative was to manage the collective interests of the chambers of commerce, which numbered 26 chambers across the country, and to represent these chambers locally and internationally, contributing to strengthening the role of the private sector in the national economy.
Since its inception, the Federation has been actively working towards achieving its set goals. It operates as the comprehensive entity for the Saudi business sector and various chambers of commerce across the country, representing their interests and maintaining them at both the local and international levels. The Federation's mission is to support the Saudi economy through two main aspects:
Local Participation: The Federation facilitates communication between the private sector and governmental entities through a national sectoral committee. This committee handles responsibilities related to multiple sectors, discusses sector-specific issues and concerns, and regulates regulations with relevant authorities.
International Representation: Internationally, the Federation represents the private sector in various forums, events, and conferences. It actively participates in shaping international economic policies and seeks to enhance the Kingdom's trade relations worldwide. It also promotes Saudi exports by affiliating with 42 joint Saudi foreign business councils under the Federation's sponsorship.
Skyline Holdings: The Trusted Investment Partner Skyline Holdings relies on a proactive approach to enhance strong alignment and cooperation between it and Arab institutions, including the Saudi Chambers Federation, which already invest in or aspire to invest in Turkey. The goal of this joint effort is to direct collective efforts towards achieving enhanced returns for both Skyline Holdings and the prominent investment entities involved, in addition to serving a broader purpose of helping businessmen coming from Arab countries to closely understand the complexities of the Turkish market.
At the core of Skyline Holdings' philosophy is the pursuit of mutual benefit, by developing a harmonious partnership between the company and Arab investment companies, to achieve significant returns for them. The participation of businessmen from Arab countries in the Turkish market can be a complex task, given the subtle cultural, organizational, and market-related differences. Therefore, Skyline Holdings strives to serve as a guide illuminating the path for entrepreneurs, by providing insights and information about the market and a precise understanding of the Turkish investment landscape.
