Dr. Abdul Aziz Al-Sheikh, Vice President of the Support Sector, and Ibrahim bin Sulaiman Al-Sayyari, Vice President of Retail Banking Group of Alinma Bank sign the agreement in Riyadh early this week.

Riyadh "Riyadh Daily"
SCTNH launches Saudi Crafts and Handicraft Company

As part of the National Transformation Program,(NTP), the Saudi Commission for Tourism and National Heritage (SCTNH) has launched the Saudi Crafts and Handicraft Company with a capital of SR 208 million early this week.

The National program for Crafts and Handicraft (Bare’) the Commission has recently signed the bank account agreement of Saudi crafts and Handicrafts Company with Alinma Bank, at the headquarters of the Commission in Riyadh.

The agreement was signed by Dr. Abdul Aziz Al-Sheikh, Vice President of the Support Sector, and Ibrahim bin Sulaiman Al-Sayyari, Vice President of Retail Banking Group at Alinma Bank.

Dr. Faisal Al-Khamis, General Supervisor of the National Program of crafts and Handicrafts(Bari’), said that the stages of the establishment of the Saudi Company for Crafts and Handicrafts have been completed, where all requirements were fulfilled, including the nomination of the Board of Directors and Memorandum of Association.

He said that the company, to which the National Transformation Program has allocated a sum of SR 208 million, aimed at preserving the heritage of national crafts and handicrafts, improving the skills of its employees, expanding the craft market and making it a profitable market with added value to the national economy.

He stressed that the company will support the traditional local craftsmen through providing them with tools, raw materials and high-end designs, as well as training programs, quality control and marketing of their products.

Dr. Al-Khamis pointed out that the Commission seeks through the company to organize the craft and handicrafts sector and face the random marketing in order to reduce the difficulties facing the industry and those who work in it, encourage them to continue, improve and expand the scope of investment in this area through the development of designs and optimal employment ofthe used raw materials to be positively reflected on the quality of craft products and the development of craftsmen performance.

Al-Khamis said that the company will develop the quality of crafts and handicrafts products all over the Kingdom's regions and undertake all the basic, intermediate and complementary works and activities necessary to carry out the various activities in the craft and handicrafts sector. The company will also offer a number of services to craftsmen, including the marketing and promoting of artisan products and heritage gifts, and support and develop of artisanal products. The company will work on creating a brand for these products and organizing their own exhibitions and conferences.

He pointed out that the Saudi Company for Crafts and Handicrafts is one of the initiatives of the Saudi Commission for Tourism and National Heritage, which was approved within the first phase of the Custodian of the Two Holy Mosques Program to take care of the cultural heritage of the Kingdom.

Ibrahim Bin Sulaiman Al Sayyari, Vice President of Retail Banking Group at Alinma Bank said in a press statement following the signing program that the bank is keen to support the national economy and government economic projects, considering the agreement as the beginning of a bigger business between Alinma Bank and Saudi Crafts and Handicrafts Company, pointing out there are several joint initiatives between Alinma Bank and the Commission, expressing the desire for the agreement to be the start of a more future cooperation between the Bank and the Commission.

He expressed his appreciation to His Royal Highness Prince Sultan bin Salman bin Abdul-Aziz, President of the Saudi Commission for Tourism and National Heritage for his great efforts to develop the tourism and the national heritage sector through a number of initiatives, including this company.

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