Mohamed El zoheiry’s Post

The FRA's decision to suspend accepting new applications for financial services means they are implementing a temporary pause on allowing new companies to enter the microfinance or consumer finance market. Here's what it implies: Increased Scrutiny: It suggests a need for the FRA to thoroughly review the existing regulatory framework and the companies already operating within it. Potential Risks: There might have been concerns about certain risks within the sector, perhaps involving unethical practices, overexposure to certain markets, or a lack of stability in the current financial landscape. Re-evaluation: It allows time for the FRA to update their regulations, enforce stricter requirements, and potentially identify new practices for safer financial operations. It's important to remember that this decision is not a negative event inherently. In fact, it could be interpreted as a proactive measure aimed at enhancing financial stability, protecting consumers, and fostering sustainable growth in the long run.

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Local content is more than just a buzzword - it's a powerful driver of economic growth and job creation in Saudi Arabia. By supporting locally produced goods and services, we strengthen our supply chains, foster innovation, and contribute to a more vibrant and self-reliant economy. Let's embrace the power of local content and build a stronger Saudi Arabia together! #localcontent #SaudiArabia #economicdevelopment #jobcreation #innovation #supplychain #selfreliance #sustainability

one of several successful Fra BOD decrees to regulate the market and protect market participants by eliminate the rapid spread of consumer finance companies and microfinance companies, in addition to encouraging the establishment of these companies using financial technology,

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The healthcare industry has a critical role to play in addressing the global challenge of sustainability.. As we look to the future, sustainability must be a core priority for the healthcare sector. By leading the way in environmentally-responsible practices, the industry can not only reduce its own environmental impact, but also inspire and enable wider societal shifts towards a more sustainable future. #sustainability #healthcare

This significant initiative marks a pivotal step towards simplification and transparency in regulatory processes, crucial for fostering a conducive business environment. The Industrial Development Authority's proactive approach not only streamlines procedures but also paves the way for enhanced business development. By facilitating the reconciliation of building violations, industries can achieve compliance, enabling them to obtain licenses and contribute to the formal economy. This not only ensures legal adherence but also fosters economic growth and scientific innovation, heralding a brighter future for industrial sectors and the overall business landscape

🚨 Exciting Announcement! 🚨 Leica Geosystems has signed a Memorandum of Understanding (MoU) with the Roads General Authority on 30/06/1446 (2024) to foster international partnerships in the road infrastructure sector, aligning with Saudi Vision 2030. Key Highlights: - Global Collaboration: Leveraging international expertise to advance the Kingdom's road sector. - Cutting-Edge Technology: Access to the latest tech solutions and specialized consulting. -Workforce Development: Dedicated training programs to empower the national workforce. - Innovative Solutions: Creating tech advancements to stay ahead of infrastructure challenges. - Vision 2030 Alignment: Ensuring all developments align with the nation’s strategic vision. - Strategic Collaboration: A significant step toward modernizing road infrastructure through knowledge sharing and global partnerships. - Tech Advancement: Prioritizing technology to enhance efficiency and safety in road management. - Empowering the Workforce: Building local expertise to ensure sustainability in managing modern road technologies. - Innovative Approaches: Driving the road sector's competitiveness with adaptive solutions. - Broader Impact: Strengthening transportation infrastructure to fuel trade and mobility across the Kingdom. For more details, visit the Roads General Authority's website! #Vision2030 #RoadInfrastructure #LeicaGeosystems #Innovation #GlobalPartnerships #Technology #WorkforceDevelopment #SaudiArabia #InfrastructureDevelopment #Leica #Hexagon #MobileMapping #KSA #Riyadh #Transportation #UrbanPlanning

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