Chambers of Commerce Law

A chamber shall strive to develop commercial activities which fall within its territorial jurisdiction, and shall strive to promote and protect such activities in accordance with applicable procedures and in coordination with relevant agencies. It shall, in particular, carry out the following: 1. Conducting research and studies and preparing reports to assess the performance of various business sectors for the purpose of enhancing them, taking into account the comparative and competitive advantages of the province where the chamber is located; identifying problems and challenges; and building strategic partnerships with universities and research centers to advance business sectors. 2. Classifying and publishing laws, regulations, decisions, statistics, and instructions relating to commercial activities, and making them available to subscribers. 3. Providing ministries and relevant public agencies, upon request, with data, information, and studies relating to commercial activities. 4. Issuing certificates and documents. 5. Authenticating subscribers’ signatures. 6. Contributing to the development of establishments which engage in commercial activities by providing subscribers, especially newly established, small, and medium establishments, with consultations on exportation and importation and methods of financing and developing exports, to help them improve their performance and competitiveness, and overcome managerial, financing, and investment challenges. 7. Increasing the awareness of its subscribers; encouraging them to seek advice from local and foreign consultancy firms; promoting investments in joint ventures in order to contribute to the achievement and implementation of the objectives and strategies of the national development plan; and highlighting new investment opportunities. 8. Organizing lectures, training sessions, symposia, and workshops within its territorial jurisdiction. 9. Holding and managing conferences and exhibitions for national industries and products, and participating in seasonal exhibitions and markets, in coordination with the Ministry and the Federation, and notifying them of the results. Chambers of Commerce Law 10. Submitting recommendations and proposals to competent agencies on matters relating to commercial activities, and notifying the Ministry and the Federation of the same. 11. Submitting, in coordination with the Federation, recommendations regarding relevant laws, regulations, and decisions and assessing their impact on investment and the economy. 12. Resolving disputes relating to commercial activities through conciliation, or through arbitration upon obtaining the necessary licensing, or through any alternative dispute resolution method, subject to the parties’ agreement. 13. Issuing magazines, periodicals, manuals, and other publications related to commercial activities, and publishing them in any medium, including electronic publication. 14. Establishing training facilities relating to its duties, provided they do not compete with the private sector, upon obtaining the Ministry’s approval and satisfying license requirements. 15. Sending business delegations abroad in coordination with the Ministry, relevant agencies, and the Federation; receiving foreign business delegations; and submitting a report on such visits to the Ministry, relevant agencies, and the Federation. 16. Cooperating with relevant agencies to achieve its objectives. 17. Cooperating with relevant agencies to create investment opportunities in the Kingdom and promote them within the business community, and cooperating with said agencies in pursuing investment opportunities outside the Kingdom and making recommendations to achieve the same. 18. Encouraging subscribers to participate in relevant conferences, workshops, symposia, and training sessions held by government and non-government agencies, and providing them with the findings and proceedings thereof. 19. Submitting the chamber’s annual report to the Federation and providing a copy thereof to the Ministry.