JEDDAH – The Jeddah Chamber of Commerce and Industry (JCCI) will launch today (Monday) the 6th Jeddah International Fair for Jewelry & Watches 2012 at Jeddah Hilton.
More than 80 Saudi and international companies will participate in the exhibition, to be held under the patronage of Princess Adela Bint Abdullah Bin Abdulaziz, Chairwoman of the Board of Sanad Charitable Society.
Mazen Bin Muhammad Batarjee, Chairman of the Board of JCCI, said participation of JCCI officials comes as part of a strategy to support all activities and occasions aiming to bolster the Kingdom’s economic status and converting Jeddah City into a key economic center in the Middle East.
He pointed out that the huge participation in the exhibition is a clear evidence of the positive solidarity of the private sector in this kind of activity.
He underlined the big role being carried out by JCCI to upgrade Saudi gold jewelry industry and its spread worldwide through launching an annual contest entitled “The Golden Brush” for the design of jewels and gold ornaments with the aim of encouraging talented people to develop their artistic skills in the design of jewelry.
Batarjee lauded the decision of the JCCI to reduce customs on gold and jewelry issued two years ago which contributed greatly in upgrading the Saudi gold and jewelry industry.
The Kingdom ranks fourth in the world and first in the Arab world in terms of gold consumption, statistics from the World Gold Council showed. The value of sales in the Kingdom rose 51 percent to $1.5 billion and 56 percent in the UAE to $1.2 billion. – SG/SPA