DIFC - Mudara, the Institute for Corporate Governance

‫اﻟﻮﺿﻊ اﻟﺼﻨﺎﻋﻲ ﺑﺎﻟﻤﻤﻠﻜﺔ وﺗﺄﺛﻴﺮات اﻷزﻣﺔ‬ ‫اﻟﻤﺎﻟﻴﺔ اﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﻋﻠﻰ ﻗﻄﺎﻋﺎﺗﻪ اﻟﻤﺨﺘﻠﻔﺔ‬ ‫اﻟﻤﻬﻨﺪس ﺳﻌﺪ اﻟﻤﻌﺠﻞ‬ ‫ﻧﺎﺋﺐ رﺋﻴﺲ ﻣﺠﻠﺲ إدارة اﻟﻐﺮﻓﺔ اﻟﺘﺠﺎرﻳﺔ اﻟﺼﻨﺎﻋﻴﺔ ﺑﺎﻟﺮﻳﺎض‬ ‫رﺋﻴﺲ اﻟﻠﺠﻨﺔ اﻟﻮﻃﻨﻴﺔ ﻟﻠﺼﻨﺎﻋﺔ ﻓﻲ ﻣﺠﻠﺲ اﻟﻐﺮف اﻟﺘﺠﺎرﻳﺔ‬ ‫‪1‬‬ ‫‪1‬‬ ‫ورﺷﺔ ﻋﻤﻞ اﻟﻘﻮى اﻟﺼﺎﻋﺪة‪ :‬اﻟﻔﺮص اﻟﻤﺘﺎﺣﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ اﻟﻌﺮﺑﻴﺔ اﻟﺴﻌﻮدﻳﺔ‬ ‫اﻟﺜﻼﺛﺎء ‪ 5‬ﻣﺎﻳﻮ ‪2009‬‬ ‫اﻟﻮﺿﻊ اﻟﺼﻨﺎﻋﻲ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫اﻻﻧﺠﺎزات ﺧﻼل ﻣﺮاﺣﻞ اﻟﺘﻨﻤﻴﺔ اﻟﻤﺨﺘﻠﻔﺔ‪:‬‬ ‫ إﻗﺎﻣﺔ ‪ 14‬ﻣﺪﻳﻨﺔ ﺻﻨﺎﻋﻴﺔ ﻓﻲ ﻣﺨﺘﻠﻒ ﻣﻨﺎﻃﻖ اﻟﻤﻤﻠﻜﺔ‬ ‫ إﻗﺎﻣﺔ اﻟﻤﺪﻳﻨﺘﻴﻦ اﻟﺼﻨﺎﻋﻴﺘﻴﻦ اﻟﻤﺘﻤﻴﺰﺗﻴﻦ ﻓﻲ اﻟﺠﺒﻴﻞ وﻳﻨﺒﻊ‬ ‫ ﺗﻮﻓﻴﺮ اﻟﺘﻤﻮﻳﻞ ﻟﻠﻤﺸﺎرﻳﻊ اﻟﺼﻨﺎﻋﻴﺔ‬ ‫ ﺗﻘﺪﻳﻢ إﻋﻔﺎءات ﺟﻤﺮآﻴﺔ ﻋﻠﻰ ﻣﺴﺘﻠﺰﻣﺎت اﻟﻘﻄﺎع اﻟﺼﻨﺎﻋﻲ‬ ‫ ﺗﻮﻇﻴﻒ اﻟﻌﻼﻗﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺪوﻟﻴﺔ ﻟﺨﺪﻣﺔ اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫اﻟﻮﺿﻊ اﻟﺼﻨﺎﻋﻲ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫إﺣﺼﺎءات اﻟﻨﺸﺎط اﻟﺼﻨﺎﻋﻲ ﻟﻨﻬﺎﻳﺔ ‪ 1429‬هـ*‬ ‫ﻋﺪد اﻟﻤﺼﺎﻧﻊ‬ ‫ﻋﺪد اﻟﻌﻤﺎﻟﺔ‬ ‫إﺟﻤﺎﻟﻲ اﻟﺘﻤﻮﻳﻞ‬ ‫ﻗﻴﻤﺔ اﻟﻤﻨﺘﺠﺎت اﻟﺼﻨﺎﻋﻴﺔ‬ ‫ﻗﻴﻤﺔ اﻟﻤﻨﺘﺠﺎت اﻟﻤﺼﺪرة‬ ‫ﻋﺪد اﻟﺒﻠﺪان اﻟﻤﺼﺪر ﻟﻬﺎ‬ ‫* اﻟﻤﺼﺪر‪ :‬وزارة اﻟﺘﺠﺎرة واﻟﺼﻨﺎﻋﺔ‬ ‫‪3‬‬ ‫‪ 4167‬ﻣﺼﻨﻌ ًﺎ‬ ‫ﻼ‬ ‫‪ 466,297‬ﻋﺎﻣ ً‬ ‫‪ 359,517‬ﻣﻠﻴﻮن رﻳﺎل‬ ‫‪ 100‬ﺑﻠﻴﻮن رﻳﺎل‬ ‫‪ 70‬ﺑﻠﻴﻮن رﻳﺎل‬ ‫‪ 130‬ﺑﻠﺪًا‬ ‫اﻟﻮﺿﻊ اﻟﺼﻨﺎﻋﻲ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫اﻟﺘﻮﺟﻬﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﺤﺪﻳﺜﺔ‬ ‫ إﻗﺮار اﻻﺳﺘﺮاﺗﻴﺤﻴﺔ اﻟﻮﻃﻨﻴﺔ ﻟﻠﺼﻨﺎﻋﺔ ﻟﻐﺎﻳﺔ‬ ‫ﻋﺎم ‪2020‬م وﺑﺪء اﻟﻌﻤﻞ ﻋﻠﻰ ﺗﻄﺒﻴﻘﻬﺎ‪ ،‬وﺗﺘﺒﻨﻰ ‪:‬‬ ‫‪ 9‬ﺗﺤﻘﻴﻖ اﻟﺪور اﻟﻤﺄﻣﻮل ﻟﻠﺼﻨﺎﻋﺔ ﻓﻲ ﺗﻮﺟﻪ اﻟﻤﻤﻠﻜﺔ ﻧﺤﻮ‬ ‫اﻻﻗﺘﺼﺎد اﻟﻘﺎﺋﻢ ﻋﻠﻰ اﻟﻤﻌﺮﻓﺔ‪.‬‬ ‫‪ 9‬ﺗﻌﺰﻳﺰ اﻟﻘﺪرات اﻻﺑﺘﻜﺎرﻳﺔ واﻟﺘﻨﺎﻓﺴﻴﺔ واﻟﺘﻨﻮﻳﻊ اﻟﺼﻨﺎﻋﻲ‪.‬‬ ‫‪ 9‬ﺗﻌﺰﻳﺰ اﻟﺸﺮاآﺔ ﺑﻴﻦ اﻟﻘﻄﺎﻋﻴﻦ اﻟﻌﺎم واﻟﺨﺎص‪.‬‬ ‫‪ 9‬اﻟﺘﻨﻤﻴﺔ اﻟﻤﺘﻮازﻧﺔ ﻋﻠﻰ ﻣﺴﺘﻮى ﻣﻨﺎﻃﻖ اﻟﻤﻤﻠﻜﺔ‪.‬‬ ‫‪4‬‬ ‫اﻟﺘﻮﺟﻬﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﺤﺪﻳﺜﺔ‬ ‫ ﺗﻨﻤﻴﺔ اﻟﻤﻮارد اﻟﺒﺸﺮﻳﺔ اﻟﺴﻌﻮدﻳﺔ ﻟﺪﻋﻢ اﻟﻘﺪرة‬ ‫اﻟﺘﻨﺎﻓﺴﻴﺔ ﻋﻠﻰ ﻣﺴﺘﻮى اﻟﻌﺎﻟﻢ ﻋﻦ ﻃﺮﻳﻖ‪:‬‬ ‫¾ ﺗﻌﺰﻳﺰ اﻻﻧﻔﺎق ﻋﻠﻰ اﻟﺠﺎﻣﻌﺎت وﻣﺪﻳﻨﺔ اﻟﻤﻠﻚ ﻋﺒﺪ اﻟﻌﺰﻳﺰ‬ ‫ﻟﻠﻌﻠﻮم واﻟﺘﻘﻨﻴﺔ وﻣﺮاآﺰ اﻷﺑﺤﺎث ﻟﺘﻨﻤﻴﺔ اﻟﻜﻮادر اﻟﻌﻠﻤﻴﺔ‬ ‫واﻟﺘﻘﻨﻴﺔ اﻟﻤﺘﻘﺪﻣﺔ ودﻋﻢ اﻟﺒﺤﻮث اﻟﺘﻄﺒﻴﻘﻴﺔ واﻟﺼﻨﺎﻋﻴﺔ‪.‬‬ ‫¾ اﺑﺘﻌﺎث اﻷﻟﻮف ﻣﻦ اﻟﻄﻠﺒﺔ إﻟﻰ اﻟﺠﺎﻣﻌﺎت اﻟﻌﺮﻳﻘﺔ اﻟﻤﺘﻘﺪﻣﺔ‬ ‫ﻓﻲ آﺎﻓﺔ اﻟﻤﺠﺎﻻت اﻟﻌﻠﻤﻴﺔ واﻟﺘﻘﻨﻴﺔ‪.‬‬ ‫‪5‬‬ ‫اﻟﺘﻮﺟﻬﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﺤﺪﻳﺜﺔ‬ ‫ ﺗﺸﺠﻴﻊ اﻻﺳﺘﺜﻤﺎرات اﻟﻤﺤﻠﻴﺔ واﻻﺟﻨﺒﻴﺔ‪.‬‬ ‫ رﻓﻊ ﺟﻤﻴﻊ اﻟﻘﻴﻮد ﻋﻠﻰ ﻣﻤﺎرﺳﺔ ﻣﻮاﻃﻨﻲ دول‬ ‫ﻣﺠﻠﺲ اﻟﺘﻌﺎون اﻟﺨﻠﻴﺠﻲ ﻟﻼﻧﺸﻄﺔ اﻻﻗﺘﺼﺎدﻳﺔ‬ ‫واﻟﻤﻬﻦ اﻟﺤﺮة‪.‬‬ ‫‪6‬‬ ‫اﻷزﻣﺔ اﻟﻤﺎﻟﻴﺔ اﻟﻌﺎﻟﻤﻴﺔ‬ ‫ اﻷزﻣﺔ ﻃﺎﻟﺖ ﺟﻤﻴﻊ اﻗﺘﺼﺎدﻳﺎت اﻟﻌﺎﻟﻢ‪.‬‬ ‫ اﻟﻤﻤﻠﻜﺔ ﺗﺄﺛﺮت ﺑﺎﻷزﻣﺔ اﻟﻤﺎﻟﻴﺔ وﻟﻜﻦ ﺑﺸﻜﻞ أﻗﻞ ﻣﻦ اﻟﺪول اﻷﺧﺮى‪.‬‬ ‫ اﻟﻈﺮوف اﻷﻗﺘﺼﺎدﻳﺔ اﻟﺼﻌﺒﺔ ﺣﺎﻟﻴ ًﺎ ﺑﺮهﻨﺖ ﻋﻠﻰ ﻣﺘﺎﻧﺔ اﻗﺘﺼﺎد‬ ‫اﻟﻤﻤﻠﻜﺔ وﻃﺮﻳﻘﺔ اﻟﺘﻌﺎﻣﻞ ﻣﻌﻬﺎ‪.‬‬ ‫ اﻟﻤﻤﻠﻜﺔ ﻋﺎﻟﺠﺖ اﻷزﻣﺔ ﺑﺘﻔﻌﻴﻞ ﺑﺮﻧﺎﻣﺞ ﻟﻤﺪة ‪ 5‬ﺳﻨﻮات ﺑﻜﻠﻔﺔ‬ ‫ﻣﻘﺪارهﺎ ‪ 400‬ﻣﻠﻴﺎر دوﻻر ﻟﻺﻧﻔﺎق اﻟﺤﻜﻮﻣﻲ ﻋﻠﻰ ﻣﺸﺎرﻳﻊ اﻟﺒﻨﻴﺔ‬ ‫اﻟﺘﺤﺘﻴﺔ ﻓﻴﻬﺎ‪ ،‬وآﺬﻟﻚ ﺑﺰﻳﺎدة اﻻﻧﻔﺎق ﻓﻲ اﻟﻤﻴﺰاﻧﻴﺔ اﻟﻌﺎﻣﺔ ﻟﻠﺪوﻟﺔ‪،‬‬ ‫واﻻﺳﺘﻤﺮار ﺑﺪﻋﻢ اﻟﻤﺸﺎرﻳﻊ اﻟﺘﻨﻤﻮﻳﺔ‪.‬‬ ‫ ﻣﻌﻈﻢ ﺷﺮآﺎت اﻟﺼﻨﺎﻋﺎت اﻟﻮﻃﻨﻴﺔ ﺗﻤﻜﻨﺖ ﻣﻦ اﺳﺘﻴﻌﺎب اﻷزﻣﺔ‬ ‫‪7‬‬ ‫واﺳﺘﻤﺮت ﻓﻲ ﺧﻄﻄﻬﺎ اﻟﺘﻄﻮﻳﺮﻳﺔ واﻻﺳﺘﺜﻤﺎرﻳﺔ‪.‬‬ ‫اﻟﻤﺸﺎرﻳﻊ اﻟﺘﻲ ﺗﻢ ﺗﺪﺷﻴﻨﻬﺎ ﺣﺪﻳﺜًﺎ ﻓﻲ اﻟﺠﺒﻴﻞ‬ ‫اﻟﻄﺎﻗﺔ‬ ‫اﻟﻤﺸﺮوع‬ ‫‪ 2750‬ﻣﻴﺠﺎوات ‪ 800+‬أﻟﻒ‬ ‫ﻣﺤﻄﺔ إﻧﺘﺎج اﻟﻤﻴﺎﻩ واﻟﻜﻬﺮﺑﺎء اﻟﻤﺰدوﺟﺔ‬ ‫ﻣﺘﺮﻣﻜﻌﺐ ﻣﺎء ﺷﺮب ﻳﻮﻣﻴ ًﺎ‬ ‫ﺗﻮﺳﻌﺔ ﻣﻴﻨﺎء اﻟﻤﻠﻚ ﻓﻬﺪ اﻟﺼﻨﺎﻋﻲ‪ ،‬وﻣﺸﺮوﻋﺎت اﻹﺳﻜﺎن واﻟﻤﺒﺎﻧﻲ اﻟﻌﺎﻣﺔ‬ ‫ﺗﻮﺳﻌﺔ اﻟﺸﺮآﺔ اﻟﺸﺮﻗﻴﺔ ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت "ﺷﺮق" ﻹﻧﺘﺎج اﻹﻳﺜﻠﻴﻦ واﻟﺒﻮﻟﻲ‬ ‫إﻳﺜﻠﻴﻦ وﺟﻼﻳﻜﻮل اﻹﻳﺜﻠﻴﻦ‬ ‫ﺗﻮﺳﻌﺔ اﻟﺸﺮآﺔ اﻟﺴﻌﻮدﻳﺔ اﻷوروﺑﻴﺔ ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت "اﺑﻦ زهﺮ" ‪ :‬ﻣﺸﺮوع‬ ‫اﻟﺒﻮﻟﻲ ﺑﺮوﺑﻠﻴﻦ‬ ‫ﺣﺠﻢ اﻻﺳﺘﺜﻤﺎر‬ ‫ﻣﻠﻴﺎر رﻳﺎل‬ ‫‪12.6‬‬ ‫‪4.5‬‬ ‫‪ 2.8‬ﻣﻠﻴﻮن ﻃﻦ ﻣﺘﺮي ﺳﻨﻮﻳ ًﺎ‬ ‫‪18.0‬‬ ‫‪ 750‬أﻟﻒ ﻃﻦ ﺳﻨﻮﻳ ًﺎ‬ ‫‪4.8‬‬ ‫ﺗﻮﺳﻌﺔ اﻟﺸﺮآﺔ اﻟﺴﻌﻮدﻳﺔ اﻟﻌﺎﻟﻤﻴﺔ ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت "ﺳﺒﻜﻴﻢ" )ﻣﺠﻤﻊ‬ ‫اﻷﺳﻴﺘﻴﻞ(‪ .‬اﻟﻤﻨﺘﺠﺎت‪ :‬أول أوآﺴﻴﺪ اﻟﻜﺮﺑﻮن‪ ،‬وﺣﻤﺾ اﻷﺳﻴﺘﻴﻚ‪ ،‬وأﺳﻴﺘﻴﻚ‬ ‫‪ 1.13‬ﻣﻠﻴﻮن ﻃﻦ ﺳﻨﻮﻳ ًﺎ‬ ‫‪7.5‬‬ ‫أﻧﻬﻴﺪراﻳﺪ ‪ ،‬وﺧﻼت اﻟﻔﻴﻨﻴﻞ اﻷﺣﺎدي‬ ‫ﺷﺮآﺔ اﻟﻮاﺣﺔ ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت‪ :‬اﻟﻤﻨﺘﺠﺎت‪ :‬اﻟﺒﺮوﺑﻠﻴﻦ‪ ،‬واﻟﺒﻮﻟﻲ ﺑﺮوﺑﻠﻴﻦ‪.‬‬ ‫‪ 910‬ﺁﻻف ﻃﻦ ﺳﻨﻮﻳ ًﺎ‬ ‫‪4.1‬‬ ‫ﺷﺮآﺔ اﻟﺠﺒﻴﻞ ﻟﺨﺪﻣﺎت اﻟﻄﺎﻗﺔ "ﺟﺴﻜﻮ" اﻟﻤﻨﺘﺠﺎت‪ :‬أﻧﺎﺑﻴﺐ ﻏﻴﺮ ﻣﻠﺤﻮﻣﺔ‪.‬‬ ‫‪ 400‬أﻟﻒ ﻃﻦ ﻣﺘﺮي ﺳﻨﻮﻳ ًﺎ‬ ‫‪2.5‬‬ ‫‪8‬‬ ‫اﻟﻤﺠﻤﻮع‬ ‫‪54.0‬‬ ‫أهﻢ اﻟﻘﻄﺎﻋﺎت اﻟﺼﻨﺎﻋﻴﺔ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﺒﺘﺮوآﻴﻤﻴﺎﺋﻴﺔ‪:‬‬ ‫ﻧﺠﺢ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﺒﺘﺮوآﻴﻤﻴﺎﺋﻴﺔ ﻓﻲ اﻟﻮﺻﻮل إﻟﻰ ﻣﺼﺎف اﻟﺪول‬ ‫اﻟﻤﺘﻘﺪﻣﺔ ﺑﺴﺒﺐ دﻋﻢ اﻟﺪوﻟﺔ ﻟﻪ ﻓﻲ‪:‬‬ ‫إﻧﺸﺎء أﺿﺨﻢ ﻣﺸﺮوع ﻟﺘﺠﻤﻴﻊ اﻟﻐﺎز‬ ‫إﻧﺸﺎء ﺷﺮآﺔ ﺳﺎﺑﻚ‬ ‫إﻧﺸﺎء اﻟﻬﻴﺌﺔ اﻟﻤﻠﻜﻴﺔ ﻟﻠﺠﺒﻴﻞ وﻳﻨﺒﻊ‬ ‫إﻧﺸﺎء اﻟﻤﺆﺳﺴﺔ اﻟﻌﺎﻣﺔ ﻟﻠﻤﻮاﻧﻲء‬ ‫ﺗﻘﺪﻳﻢ اﻟﺘﻤﻮﻳﻞ ﻣﻦ ﺧﻼل ﺻﻨﺪوق اﻻﺳﺘﺜﻤﺎرات اﻟﻌﺎﻣﺔ وﺻﻨﺪوق اﻟﺘﻨﻤﻴﺔ‬ ‫اﻟﺼﻨﺎﻋﻴﺔ اﻟﺴﻌﻮدي‬ ‫ﺗﻘﺪﻳﻢ اﻟﻐﺎز ﺑﺄﺳﻌﺎر ﺟﺎذﺑﺔ‬ ‫‪9‬‬ ‫ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﺒﺘﺮوآﻴﻤﻴﺎﺋﻴﺔ‬ ‫ ﻳﻤﺜﻞ ﻗﻄﺎع اﻟﺒﺘﺮوآﻴﻤﻴﺎﺋﻴﺎت ﻓﺮﺻﺔ اﺳﺘﺜﻤﺎرﻳﺔ ﻣﻐﺮﻳﺔ‬ ‫ﺧﺼﻮﺻ ًﺎ ﻓﻲ اﻟﻈﺮوف اﻟﺤﺎﻟﻴﺔ‪.‬‬ ‫ ﻣﺠﺎﻻت اﻻﺳﺘﺜﻤﺎرﻓﻲ اﻟﻘﻄﺎع ﻋﻦ ﻃﺮﻳﻖ‪:‬‬ ‫‪ .1‬أﺳﻬﻢ ﺷﺮآﺎﺗﻪ اﻟﻤﺪرﺟﺔ ﻓﻲ اﻟﺴﻮق اﻟﻤﺤﻠﻴﺔ اﻟﺴﻌﻮدﻳﺔ‪.‬‬ ‫‪ .2‬اﻟﻤﺸﺎرآﺔ ﻓﻲ اﻟﺸﺮآﺎت اﻟﻤﺴﺎهﻤﺔ اﻟﻤﻘﻔﻠﺔ اﻟﺘﻲ ﺗﺤﻘﻖ‬ ‫ﻧﺠﺎﺣﺎت ﺣﺎﻟﻴ ًﺎ وﺳﺘﺪرج آﺸﺮآﺎت ﻣﺴﺎهﻤﺔ ﻋﺎﻣﺔ ﻗﺮﻳﺒ ًﺎ‪.‬‬ ‫‪10‬‬ ‫ﺷﺮآﺎت اﻟﺼﻨﺎﻋﺎت اﻟﺒﺘﺮوآﻴﻤﻴﺎﺋﻴﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‬ ‫اﻟﺸﺮآﺔ اﻟﺴﻌﻮدﻳﺔ ﻟﻠﺼﻨﺎﻋﺎت اﻷﺳﺎﺳﻴﺔ )ﺳﺎﺑﻚ(‬ ‫ﺷﺮآﺔ آﻴﺎن اﻟﺴﻌﻮدﻳﺔ‬ ‫ﺷﺮآﺔ ﻧﻤﺎء ﻟﻠﻜﻴﻤﺎوﻳﺎت‬ ‫ﺷﺮآﺔ ﺑﺘﺮو راﺑﻎ‬ ‫ﺷﺮآﺔ آﻴﻤﻴﺎﺋﻴﺎت اﻟﻤﻴﺜﺎﻧﻮل )آﻴﻤﺎﻧﻮل(‬ ‫ﺷﺮآﺔ اﻟﺒﻮﻟﻲ ﺑﺮوﺑﻠﻴﻦ اﻟﻤﺘﻘﺪﻣﺔ‬ ‫اﻟﺸﺮآﺔ اﻟﻮﻃﻨﻴﺔ ﻟﻠﺼﻨﺎﻋﺎت اﻟﺒﺘﺮوآﻴﻤﺎوﻳﺔ( ﻧﺎﺗﺒﺖ( "اﻟﻠﺠﻴﻦ"‬ ‫ﺷﺮآﺔ ﻳﻨﺴﺎب‬ ‫ﺷﺮآﺔ اﻟﺘﺼﻨﻴﻊ اﻟﻮﻃﻨﻴﺔ‬ ‫اﻟﺸﺮآﺔ اﻟﺴﻌﻮدﻳﺔ اﻟﻌﺎﻟﻤﻴﺔ ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت« ﺳﺒﻜﻴﻢ»‬ ‫اﻟﻤﺠﻤﻮﻋﺔ اﻟﺴﻌﻮدﻳﺔ‬ ‫ﺷﺮآﺔ اﻟﺼﺤﺮاء ﻟﻠﺒﺘﺮوآﻴﻤﺎوﻳﺎت‬ ‫‪11‬‬ ‫ﺷﺮآﺔ ﺳﺎﻓﻜﻮ‬ ‫ ﻗﻄﺎع ﺻﻨﺎﻋﺔ اﻷﺳﻤﻨﺖ‪:‬‬ ‫ اﻟﻘﻄﺎع ﺣﻴﻮي ﺟﺪًا وذو دور ﺑﺎرز ﻓﻲ ﻣﺨﺘﻠﻒ ﻣﺮاﺣﻞ اﻟﺘﻨﻤﻴﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‪.‬‬ ‫ هﻨﺎك ‪ 8‬ﺷﺮآﺎت أﺳﻤﻨﺖ ﻣﺪرﺟﺔ ﻓﻲ ﺳﻮق اﻷﺳﻬﻢ )آﻤﺎ ﻓﻲ اﻟﺠﺪول(‪.‬‬ ‫ اﻟﻄﺎﻗﺎت اﻟﺘﺼﻤﻴﻤﻴﺔ اﻟﺤﺎﻟﻴﺔ ﻟﻠﺸﺮآﺎت اﻟﺜﻤﺎن أﻋﻼﻩ أآﺜﺮ ﻣﻦ ‪ 45‬ﻣﻠﻴﻮن ﻃﻦ ﺑﻀﻤﻨﻬﺎ ‪4‬‬ ‫ﺷﺮآﺎت ﻣﻨﺘﺠﺔ ﻟﻢ ﺗﺪرج ﻓﻲ ﺳﻮق اﻷﺳﻬﻢ وهﻲ‪:‬‬ ‫ﺷﺮآﺎت أﺳﻤﻨﺖ ﻧﺠﺮان واﻟﺮﻳﺎض واﻟﻤﺪﻳﻨﺔ واﻟﺸﻤﺎل‪.‬‬ ‫ ﻣﻦ اﻟﻤﺘﻮﻗﻊ زﻳﺎدة اﻟﻄﺎﻗﺎت اﻻﻧﺘﺎﺟﻴﺔ ﻓﻲ ﻋﺎم ‪2010‬م ﻷآﺜﺮ ﻣﻦ ‪ 52‬ﻣﻠﻴﻮن ﻃﻦ ﺑﻌﺪ دﺧﻮل‬ ‫‪ 4‬ﺷﺮآﺎت أﺧﺮى ﻣﺮﺣﻠﺔ اﻹﻧﺘﺎج‪.‬‬ ‫ ﻳﻐﻄﻲ اﻻﻧﺘﺎج ﺣﺎﻟﻴًﺎ ﺣﺎﺟﺔ اﻟﺴﻮق وﻳﺼﺪر اﻟﻔﺎﺋﺾ ﻟﻸﺳﻮاق اﻟﻤﺠﺎورة‪.‬‬ ‫ أﺳﻬﻢ ﺷﺮآﺎت اﻷﺳﻤﻨﺖ ﻣﻦ اﻷﺳﻬﻢ اﻟﻤﺴﺘﻬﺪﻓﺔ وهﻲ ذات ﻋﻮاﺋﺪ ﻣﺮﺗﻔﻌﺔ‪.‬‬ ‫‪12‬‬ ‫ﺷﺮآﺎت اﻻﺳﻤﻨﺖ ﻓﻲ اﻟﻤﻤﻠﻜﺔ اﻟﻌﺮﺑﻴﺔ اﻟﺴﻌﻮدﻳﺔ‬ ‫‪13‬‬ ‫ﺷﺮآﺔ اﺳﻤﻨﺖ ﺗﺒﻮك‬ ‫ﺷﺮآﺔ اﺳﻤﻨﺖ اﻟﺸﺮﻗﻴﺔ‬ ‫ﺷﺮآﺔ اﺳﻤﻨﺖ اﻟﻴﻤﺎﻣﺔ‬ ‫ﺷﺮآﺔ اﺳﻤﻨﺖ ﻳﻨﺒﻊ‬ ‫ﺷﺮآﺔ اﻻﺳﻤﻨﺖ اﻟﻌﺮﺑﻴﺔ‬ ‫ﺷﺮآﺔ اﻻﺳﻤﻨﺖ اﻟﺴﻌﻮدﻳﺔ‬ ‫ﺷﺮآﺔ اﺳﻤﻨﺖ اﻟﻘﺼﻴﻢ‬ ‫ﺷﺮآﺔ اﻻﺳﻤﻨﺖ اﻟﺠﻨﻮﺑﻴﺔ‬ ‫ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﻐﺬاﺋﻴﺔ واﻟﺰراﻋﻴﺔ‬ ‫ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﻐﺬاﺋﻴﺔ واﻟﺰراﻋﻴﺔ ﻣﻦ اﻟﻘﻄﺎﻋﺎت اﻟﻌﺮﻳﻘﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‪.‬‬ ‫ ﺗﺘﻤﻴﺰ ﻣﻨﺘﺠﺎت اﻟﻘﻄﺎع ﺑﺎﻟﺠﻮدة واآﺘﺴﺒﺖ ﺛﻘﺔ اﻟﻤﺴﺘﻬﻠﻚ‪.‬‬ ‫ ﺣﻘﻘﺖ ﺷﺮآﺎت هﺬا اﻟﻘﻄﺎع اﻧﺘﺸﺎرًا واﺳﻌًﺎ ﻋﻠﻰ اﻟﻤﺴﺘﻮﻳﻴﻦ اﻹﻗﻠﻴﻤﻲ واﻟﺪوﻟﻲ‬ ‫وأوﺟﺪت ﻟﻨﻔﺴﻬﺎ ﻣﻜﺎﻧﺔ ﻣﻤﻴﺰة ﻓﻲ اﻷﺳﻮاق اﻟﺪوﻟﻴﺔ‪.‬‬ ‫ آﺜﻴﺮ ﻣﻦ ﻣﻨﺘﺠﺎت هﺬﻩ اﻟﺼﻨﺎﻋﺎت اﻟﺮاﺋﺪة ﺣﻘﻘﺖ اآﺘﻔﺎءًا ذاﺗﻴًﺎ‪.‬‬ ‫‪14‬‬ ‫ﺷﺮآﺎت اﻟﺼﻨﺎﻋﺎت اﻟﻐﺬاﺋﻴﺔ واﻟﺰراﻋﻴﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‬ ‫ﺷﺮآﺔ ﻧﺎدك‬ ‫ﺷﺮآﺔ اﻷﺳﻤﺎك اﻟﺴﻌﻮدﻳﺔ‬ ‫ﺷﺮآﺔ ﺳﺪاﻓﻜﻮ‬ ‫ﺷﺮآﺔ ﺟﺎزان ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺷﺮآﺔ ﺣﺎﺋﻞ اﻟﺰراﻋﻴﺔ‬ ‫ﻣﺠﻤﻮﻋﺔ ﺻﺎﻓﻮﻻ‬ ‫ﺷﺮآﺔ اﻟﺠﻮف اﻟﺰراﻋﻴﺔ‬ ‫ﺷﺮآﺔ ﺗﺒﻮك اﻟﺰراﻋﻴﺔ‬ ‫ﺷﺮآﺔ اﻟﻤﺮاﻋﻲ‬ ‫ﺷﺮآﺔ اﻟﺸﺮﻗﻴﺔ ﻟﻠﺘﻨﻤﻴﺔ‬ ‫ﺷﺮآﺔ اﻟﺼﻨﺎﻋﺎت اﻟﻐﺬاﺋﻴﺔ‬ ‫ﺷﺮآﺔ ﺣﻠﻮاﻧﻲ إﺧﻮان‬ ‫ﺷﺮآﺔ اﻟﻘﺼﻴﻢ اﻟﺰراﻋﻴﺔ‬ ‫‪15‬‬ ‫ﻗﻄﺎع اﻟﺘﺸﻴﻴﺪ واﻟﺒﻨﺎء‪:‬‬ ‫ ﻧﺸﺄ وﺗﻄﻮر ﻗﻄﺎع اﻟﺘﺸﻴﻴﺪ واﻟﺒﻨﺎء آﻘﻄﺎع ﻣﺴﺎﻧﺪ ﺧﻼل ﻣﺮاﺣﻞ ﺗﻄﻮر اﻻﻗﺘﺼﺎد اﻟﺴﻌﻮدي‬ ‫وﺣﻘﻖ ﻧﺠﺎﺣﺎت ﺑﺎهﺮة ﻓﻲ ﻣﺠﺎل اﻟﺒﻨﺎء واﻟﺘﺸﻴﻴﺪ‪.‬‬ ‫ ﺗﺘﻤﻴﺰ ﺷﺮآﺎت هﺬا اﻟﻘﻄﺎع ﺑﺎﻟﻀﺨﺎﻣﺔ وﺑﻌﺮاﻗﺔ ﻣﻨﺘﺠﺎﺗﻬﺎ‪.‬‬ ‫ ﺗﻀﺎهﻲ ﻣﻜﻮﻧﺎت إﻧﺘﺎج ﺷﺮآﺎت ﻗﻄﺎع اﻟﺘﺸﻴﻴﺪ واﻟﺒﻨﺎء ﻣﻨﺘﺠﺎت ﻣﺸﺎﺑﻬﺔ ﻓﻲ أآﺜﺮ اﻟﺒﻠﺪان‬ ‫ﺗﻘﺪﻣًﺎ‪.‬‬ ‫ ﻳﺴﻬﻢ هﺬا اﻟﻘﻄﺎع ﻓﻲ دﻋﻢ ﺻﻨﺎﻋﺎت اﻟﻤﻤﻠﻜﺔ ودول اﻟﺠﻮار وﺗﺰوﻳﺪهﺎ ﺑﻤﺘﻄﻠﺒﺎﺗﻬﺎ ﻣﻦ‬ ‫ﻣﻜﻮﻧﺎت اﻟﺘﺸﻴﻴﺪ واﻟﺒﻨﺎء‪.‬‬ ‫‪16‬‬ ‫ﺷﺮآﺎت اﻟﺘﺸﻴﻴﺪ واﻟﺒﻨﺎء ﻓﻲ اﻟﻤﻤﻠﻜﺔ‬ ‫‪17‬‬ ‫ﺷﺮآﺔ اﻟﻜﺎﺑﻼت‬ ‫ﺷﺮآﺔ اﻟﺒﺎﺑﻄﻴﻦ‬ ‫ﺷﺮآﺔ اﻣﻴﺎﻧﺘﻴﺖ‬ ‫ﺷﺮآﺔ اﻟﺠﺒﺲ‬ ‫ﺷﺮآﺔ ﺻﺪق‬ ‫ﺷﺮآﺔ اﻟﺰاﻣﻞ ﻟﻠﺼﻨﺎﻋﺔ‬ ‫ﺷﺮآﺔ أﻧﺎﺑﻴﺐ‬ ‫ﺷﺮآﺔ اﻟﺨﺰف اﻟﺴﻌﻮدي‬ ‫ﺷﺮآﺔ ﻣﺴﻚ‬ ‫اﻟﻔﺨﺎرﻳﺔ‬ ‫ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﻤﻌﺪﻧﻴﺔ‪:‬‬ ‫ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﻤﻌﺪﻧﻴﺔ ﻳﺤﺘﻞ اﻟﻤﺮﺗﺒﺔ اﻷوﻟﻰ ﻣﻦ ﻋﺪد اﻟﻤﺼﺎﻧﻊ اﻟﻤﻨﺘﺠﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‪.‬‬ ‫ ﺷﺮآﺎت هﺬا اﻟﻘﻄﺎع ﻣﻦ أآﺒﺮ وأهﻢ اﻟﻘﻄﺎﻋﺎت اﻟﺼﻨﺎﻋﻴﺔ وﻟﻪ ﺗﺠﺮﺑﺔ ﻃﻮﻳﻠﺔ ﻣﻜﻨﺘﻪ ﻣﻦ‬ ‫اﻟﺘﻌﺎﻣﻞ ﺑﻜﻞ اﻗﺘﺪار ﻣﻊ آﺎﻓﺔ اﻟﻈﺮوف واﻟﻤﺴﺘﺠﺪات‪.‬‬ ‫ آﺜﻴﺮ ﻣﻦ ﻣﺸﺎرﻳﻊ اﻟﺪوﻟﺔ ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﻣﺨﺮﺟﺎت هﺬا اﻟﻘﻄﺎع ﺧﺎﺻﺔ ﻣﺸﺎرﻳﻊ ﺷﺮآﺎت‬ ‫ﺳﺎﺑﻚ وأراﻣﻜﻮ واﻟﻜﻬﺮﺑﺎء واﻟﻤﺆﺳﺴﺔ اﻟﻌﺎﻣﺔ ﻟﺘﺤﻠﻴﺔ اﻟﻤﻴﺎﻩ اﻟﻤﺎﻟﺤﺔ وآﺜﻴﺮ ﻏﻴﺮهﺎ‪.‬‬ ‫ هﻨﺎك ﺷﺮآﺎت ﻣﺮﻣﻮﻗﺔ ﻓﻲ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺎت اﻟﻤﻌﺪﻧﻴﺔ ﻣﺜﻞ ﺷﺮآﺔ اﻟﺨﻠﻴﺞ ﻟﻠﺴﺒﺎﺋﻚ‬ ‫اﻟﻤﻌﺪﻧﻴﺔ )ﺳﺒﺎﺋﻚ( واﻟﺸﺮآﺔ اﻟﻮﻃﻨﻴﺔ ﻟﺘﺼﻨﻴﻊ وﺳﺒﻚ اﻟﻤﻌﺎدن )ﻣﻌﺪﻧﻴﺔ( وﺷﺮآﺔ ﻃﺎﻗﺔ‬ ‫وﺷﺮآﺔ ﺣﺪادة وﺷﺮآﺔ اﻷﻧﺎﺑﻴﺐ اﻟﺴﻌﻮدﻳﺔ وﺷﺮآﺔ اﻟﻴﻤﺎﻣﺔ ﻟﻠﺼﻨﺎﻋﺎت اﻟﺤﺪﻳﺪﻳﺔ وﻏﻴﺮهﺎ‪.‬‬ ‫‪18‬‬ ‫ﻣﺠﻤﻞ اﻟﻘﻄﺎﻋﺎت اﻟﺼﻨﺎﻋﻴﺔ ﻓﻲ اﻟﻤﻤﻠﻜﺔ‬ ‫ﺻﻨﺎﻋﺔ اﻟﻮرق وﻣﻨﺘﺠﺎﺗﻪ واﻟﻄﺒﺎﻋﺔ واﻟﻨﺸﺮ‬ ‫ﺻﻨﺎﻋﺔ اﻟﻤﻨﺴﻮﺟﺎت واﻟﻤﻼﺑﺲ اﻟﺠﺎهﺰة واﻟﺠﻠﻮد‬ ‫اﻟﺼﻨﺎﻋﺎت اﻟﻜﻴﻤﻴﺎﺋﻴﺔ واﻟﻤﻨﺘﺠﺎت اﻟﺒﻼﺳﺘﻴﻜﻴﺔ‬ ‫ﺻﻨﺎﻋﺔ اﻟﻤﻮاد اﻟﻐﺬاﺋﻴﺔ واﻟﻤﺸﺮوﺑﺎت‬ ‫ﺻﻨﺎﻋﺔ اﻟﺨﺸﺐ واﻟﻤﻨﺘﺠﺎت اﻟﺨﺸﺒﻴﺔ واﻵﺛﺎث‬ ‫ﺻﻨﺎﻋﺔ ﻣﻮاد اﻟﺒﻨﺎء واﻟﺼﻴﻨﻲ واﻟﺨﺰف واﻟﺰﺟﺎج‬ ‫اﻟﺼﻨﺎﻋﺎت اﻟﻤﻌﺪﻧﻴﺔ اﻷﺳﺎﺳﻴﺔ‬ ‫ﺻﻨﺎﻋﺔ اﻟﻤﻨﺘﺠﺎت اﻟﻤﻌﺪﻧﻴﺔ اﻟﻤﺼﻨﻌﺔ واﻟﻤﺎآﻴﻨﺎت واﻟﻤﻌﺪات‬ ‫ﺻﻨﺎﻋﺎت ﻣﺘﻨﻮﻋﺔ أﺧﺮى‬ ‫اﻟﻨﻘﻞ واﻟﺘﺨﺰﻳﻦ‬ ‫‪19‬‬ ‫أهﻢ ﻣﻘﻮﻣﺎت ﻧﺠﺎح اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ ﻓﻲ ﻣﺪﻳﻨﺘﻲ اﻟﺠﺒﻴﻞ وﻳﻨﺒﻊ اﻟﺼﻨﺎﻋﻴﺘﻴﻦ‬ ‫‬ ‫ﺗﻢ اﺳﺘﺜﻤﺎر ‪ 84‬أﻟﻒ ﻣﻠﻴﻮن رﻳﺎل ﻓﻲ ﻋﻤﻠﻴﺎت ﺗﻄﻮﻳﺮ ﻣﺪﻳﻨﺘﻲ اﻟﺠﺒﻴﻞ وﻳﻨﺒﻊ‪.‬‬ ‫‬ ‫ﻗﺎﻣﺖ ‪ 233‬ﺻﻨﺎﻋﺔ ﺑﻠﻐﺖ اﺳﺘﺜﻤﺎراﺗﻬﺎ ‪ 244‬أﻟﻒ ﻣﻠﻴﻮن رﻳﺎل‪.‬‬ ‫‬ ‫ﻣﺠﻤﻞ اﻻﺳﺘﺜﻤﺎرات ﻓﻲ اﻟﻬﻴﺌﺔ اﻟﻤﻠﻜﻴﺔ ﻟﻠﺠﺒﻴﻞ وﻳﻨﺒﻊ ‪ 328‬أﻟﻒ ﻣﻠﻴﻮن رﻳﺎل وﺗﻮﻓﺮ ﻓﺮص ﻋﻤﻞ ﻷآﺜﺮ‬ ‫ﻣﻦ ‪ 107‬أﻟﻒ ﻣﻮﻇﻒ وﻋﺎﻣﻞ‪.‬‬ ‫‬ ‫ﺗﻄﻮﻳﺮ اﻟﻤﺪﻳﻨﺘﻴﻦ ﻣﺴﺘﻤﺮ آﻤﺎ ﻓﻲ اﻟﻤﺮاﺣﻞ اﻟﻤﺘﻌﺪدة ﻟﻤﺸﺮوع اﻟﺠﺒﻴﻞ – ‪.2‬‬ ‫‬ ‫ﺗﻢ إﻧﺸﺎء آﻠﻴﺎت وﻣﻌﺎهﺪ ﺻﻨﺎﻋﻴﺔ وﺟﺎﻣﻌﻴﺔ وﺗﻘﻨﻴﺔ وﻣﺮاآﺰ ﻟﻠﻔﺤﻮﺻﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﻤﺘﻘﺪﻣﺔ وﻣﺆﺳﺴﺎت‬ ‫ﺣﻤﺎﻳﺔ اﻟﺒﻴﺌﺔ وﻏﻴﺮهﺎ‪.‬‬ ‫‬ ‫ﻳﺘﻮﻓﺮ اﻟﻐﺎز آﻠﻘﻴﻢ وآﻮﻗﻮد ﻓﻲ اﻟﻤﺪﻳﻨﺘﻴﻦ ﻣﻤﺎ ﻳﺘﻴﺞ ﺁﻓﺎﻗًﺎ أﺧﺮى ﻟﻠﻨﺠﺎح واﻟﻤﺴﺘﻘﺒﻞ اﻟﻮاﻋﺪ ﻟﻠﺼﻨﺎﻋﺔ‬ ‫ﺑﺎﻟﻤﻤﻠﻜﺔ‪.‬‬ ‫‬ ‫ﻧﺸﺄت ﻣﺸﺎرﻳﻊ ﻋﻤﻼﻗﺔ ﻓﻲ اﻟﻤﺪﻳﻨﺘﻴﻦ أهﻤﻬﺎ ﻣﺸﺎرﻳﻊ ﺷﺮآﺔ ﺳﺎﺑﻚ‪.‬‬ ‫‬ ‫هﻨﺎك ﻣﺪﻳﻨﺔ ﺟﺪﻳﺪة ﻓﻲ ﻣﻨﻄﻘﺔ رأس اﻟﺰور اﻟﺼﻨﺎﻋﻴﺔ ﺗﺘﺨﺼﺺ ﻓﻲ اﻟﺼﻨﺎﻋﺎت اﻟﺘﻌﺪﻳﻨﻴﺔ وﺗﻀﻴﻒ ﻟﺒﻨﺔ‬ ‫ﻗﻮﻳﺔ وداﻋﻤﺔ ﻟﻠﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‪.‬‬ ‫‪20‬‬ ‫أهﻢ ﻣﻘﻮﻣﺎت ﻧﺠﺎح اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫ﻣﺆﺳﺴﺎت اﻟﺘﻌﻠﻴﻢ واﻟﺘﺪرﻳﺐ اﻟﻤﺘﺎﺣﺔ ﻟﻠﺼﻨﺎﻋﺔ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫ ﺗﺤﺮص اﻟﻤﻤﻠﻜﺔ ﻋﻠﻰ ﺗﻨﻮع ﻗﻨﻮات اﻟﺘﻌﻠﻴﻢ واﻟﺘﺪرﻳﺐ اﻟﺘﻲ ﺗﺨﺪم ﻗﻄﺎع اﻟﺼﻨﺎﻋﺔ آﺎﻟﺠﺎﻣﻌﺎت‬ ‫اﻟﻤﺮﻣﻮﻗﺔ ﻓﻲ اﻟﻤﻨﻄﻘﺔ ﻣﺜﻞ ﺟﺎﻣﻌﺔ اﻟﻤﻠﻚ ﻓﻬﺪ ﻟﻠﺒﺘﺮول واﻟﻤﻌﺎدن وﺟﺎﻣﻌﺔ اﻟﻤﻠﻚ ﻋﺒﺪ اﷲ‬ ‫ﻟﻠﻌﻠﻮم واﻟﺘﻘﻨﻴﺔ وﺑﺎﻗﻲ اﻟﺠﺎﻣﻌﺎت‪.‬‬ ‫ اﻻهﺘﻤﺎم ﺑﺘﻄﻮﻳﺮ ﻣﻌﺎهﺪ اﻟﺘﺪرﻳﺐ اﻟﺘﺎﺑﻌﺔ ﻟﻠﻤﺆﺳﺴﺔ اﻟﻌﺎﻣﺔ ﻟﻠﺘﺪرﻳﺐ اﻟﺘﻘﻨﻲ واﻟﻤﻬﻨﻲ وآﺬﻟﻚ‬ ‫ﻣﻌﺎهﺪ اﻟﺒﺤﻮث وآﻠﻴﺎت اﻟﺘﺪرﻳﺐ اﻟﻤﺘﺨﺼﺼﺔ ﻓﻲ اﻟﺠﺒﻴﻞ وﻳﻨﺒﻊ‪.‬‬ ‫ ﻣﺒﺎدرات ﻟﻠﺘﺪرﻳﺐ اﻟﻤﺘﺨﺼﺺ ﻣﻦ اﻟﻘﻄﺎع اﻟﺼﻨﺎﻋﻲ ﻣﺜﻞ إﻧﺸﺎء ﻣﻌﻬﺪ اﻟﺒﻼﺳﺘﻚ ﻓﻲ‬ ‫اﻟﺮﻳﺎض وﻏﻴﺮﻩ‪.‬‬ ‫ ﺗﺼﺐ آﻞ هﺬﻩ اﻟﺠﻬﻮد ﻓﻲ ﺧﺪﻣﺔ اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ وﺗﻄﻮﻳﺮهﺎ ﻓﻨﻴًﺎ وﺗﻘﻨﻴًﺎ ﺑﺸﻜﻞ ﻣﻠﺤﻮظ‬ ‫ﻧﺤﻮ اﻷﻓﻀﻞ‪.‬‬ ‫‪21‬‬ ‫أهﻢ ﻣﻘﻮﻣﺎت ﻧﺠﺎح اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫اﻟﺴﻌﻮدة ﻓﻲ ﻗﻄﺎع اﻟﺼﻨﺎﻋﺔ‬ ‫ ﻳﻌﺘﻤﺪ اﻟﻘﻄﺎع اﻟﺼﻨﺎﻋﻲ ﻋﻠﻰ ﺗﻮﻓﺮ أﻋﺪاد آﺒﻴﺮة ﻣﻦ اﻷﻳﺪي اﻟﻌﺎﻣﻠﺔ اﻟﻤﺎهﺮة وﻏﻴﺮ اﻟﻤﺎهﺮة‪.‬‬ ‫ ﻋﺪم اﺷﺘﺮاط ﻧﺴﺐ ﻋﺎﻟﻴﺔ ﻣﻦ اﻟﺴﻌﻮدة ﻳﺴﻬﻢ ﻓﻲ ﻋﺪم إرهﺎق اﻟﺼﻨﺎﻋﺔ ﻓﻲ ﻇﻞ اﻟﻈﺮوف‬ ‫واﻟﻤﻌﻄﻴﺎت اﻟﺤﺎﻟﻴﺔ واﻟﻤﺴﺘﻘﺒﻠﻴﺔ‪.‬‬ ‫ ﻟﺘﻘﺪﻳﺮ أهﻤﻴﺔ هﺬا اﻟﺠﺎﻧﺐ‪ ،‬أﻗﺮت وزارة اﻟﻌﻤﻞ ﻧﺴﺒﺔ اﻟﺴﻌﻮدة ﻟﻠﻤﺼﺎﻧﻊ اﻟﺠﺪﻳﺪة ب ‪ %15‬ﻳﺒﺪأ‬ ‫ﺗﻄﺒﻴﻘﻬﺎ ﺑﻌﺪ ﺳﻨﺘﻴﻦ ﻣﻦ ﺑﺪء اﻹﻧﺘﺎج‪.‬‬ ‫ ﻧﺴﺒﺔ اﻟﺴﻌﻮدة ﻟﻠﻤﺼﺎﻧﻊ اﻟﻘﺎﺋﻤﺔ ‪.%20‬‬ ‫ اﻟﻨﺴﺐ اﻟﺠﺪﻳﺪة ﺗﺤﻘﻖ اﻟﻬﺪف اﻟﻮﻃﻨﻲ ﺑﺎﺳﺘﻴﻌﺎب اﻟﺸﺒﺎب ﻣﻦ ﻃﺎﻟﺒﻲ اﻟﻌﻤﻞ وﺑﻨﻔﺲ اﻟﻮﻗﺖ ﻻ‬ ‫ﺗﺸﻜﻞ ﻋﺎﺋﻘًﺎ ﻟﻠﻨﻤﻮ اﻟﺼﻨﺎﻋﻲ اﻟﻤﺴﺘﻬﺪف‪.‬‬ ‫‪22‬‬ ‫أهﻢ ﻣﻘﻮﻣﺎت ﻧﺠﺎح اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫ﻗﻨﻮات اﻟﺘﻤﻮﻳﻞ اﻟﻤﺘﺎﺣﺔ ﻟﻠﺼﻨﺎﻋﺔ ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫وﻓﺮت اﻟﺪوﻟﺔ ﻟﻠﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﺼﻨﺎﻋﻴﻴﻦ ﻓﻲ اﻟﻤﻤﻠﻜﺔ ﻗﻨﻮات ﺗﻤﻮﻳﻞ ﻣﻬﻤﺔ‬ ‫وهﻲ‪:‬‬ ‫‪.1‬ﺻﻨﺪوق اﻻﺳﺘﺜﻤﺎرات اﻟﻌﺎﻣﺔ‬ ‫‪.2‬ﺻﻨﺪوق اﻟﺘﻨﻤﻴﺔ اﻟﺼﻨﺎﻋﻴﺔ اﻟﺴﻌﻮدي‬ ‫‪.3‬ﺑﺮاﻣﺞ اﻟﺘﻤﻮﻳﻞ اﻟﺘﻲ ﺗﺴﻬﻢ ﻓﻴﻬﺎ اﻟﻤﻤﻠﻜﺔ ﻓﻲ اﻟﺒﻨﻚ اﻹﺳﻼﻣﻲ ﻟﻠﺘﻨﻤﻴﺔ ﻣﺜﻞ‬ ‫ﺻﻨﺪوق اﻟﻨﻘﺪ اﻟﻌﺮﺑﻲ‬ ‫‪.4‬ﺑﺮﻧﺎﻣﺞ آﻔﺎﻟﺔ ﺿﻤﻦ إﻃﺎر ﺻﻨﺪوق اﻟﺘﻨﻤﻴﺔ اﻟﺼﻨﺎﻋﻴﺔ ﻟﻤﺴﺎﻧﺪة اﻟﺼﻨﺎﻋﺎت‬ ‫اﻟﺼﻐﻴﺮة واﻟﻤﺘﻮﺳﻄﺔ‬ ‫‪23‬‬ ‫ﻓﺮص اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫ ﺗﻄﻮر اﻟﺼﻨﺎﻋﺎت اﻟﻮﻃﻨﻴﺔ آﻤًﺎ وﻧﻮﻋًﺎ ﺟﻌﻞ ﻣﻨﺘﺠﺎﺗﻬﺎ ﺗﻠﺒﻲ ﺣﺎﺟﺔ ﻗﻄﺎﻋﺎت ﺣﻜﻮﻣﻴﺔ آﺎﻧﺖ‬ ‫ﺗﻌﺘﻤﺪ ﻋﻠﻰ ﻣﻮردﻳﻦ ﻣﻦ دول ﻋﺪة‪.‬‬ ‫ ﺷﺮآﺔ اﻟﻜﻬﺮﺑﺎء ﺗﺴﺘﺨﺪم ﻣﻨﺘﺠﺎت اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ وهﻨﺎك ﺣﺎﺟﺔ ﻟﻠﻤﻨﺘﺠﺎت ﻓﻲ ﻣﺠﺎل‬ ‫اﻟﺘﻮﻟﻴﺪ‬ ‫ اﻟﻤﺆﺳﺴﺔ اﻟﻌﺎﻣﺔ ﻟﺘﺤﻠﻴﺔ اﻟﻤﻴﺎﻩ اﻟﻤﺎﻟﺤﺔ ﺗﺴﺘﻮﻋﺐ ﻧﺴﺒﺔ ﻣﻬﻤﺔ ﻣﻦ ﻣﻨﺘﺠﺎت اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫ﻓﻲ ﻣﺠﺎل اﻷﻧﺎﺑﻴﺐ وﻗﻄﻊ اﻟﻐﻴﺎر وﺗﻌﺘﻤﺪ اﺳﺘﺨﺪام ﻣﻌﻈﻢ اﻟﻤﻮاد اﻟﻜﻴﻤﻴﺎﺋﻴﺔ اﻟﻤﻨﺘﺠﺔ ﻣﺤﻠﻴًﺎ‬ ‫ ﺷﺮآﺔ أراﻣﻜﻮ ﺗﺘﺠﻪ ﻟﺰﻳﺎدة اﻻﻋﺘﻤﺎد ﻋﻠﻰ اﻟﻤﻨﺘﺠﺎت اﻟﻮﻃﻨﻴﺔ وﺗﺪﻋﻮ اﻟﻘﻄﺎع اﻟﺨﺎص ﻟﺰﻳﺎدة‬ ‫إﺳﻬﺎﻣﻪ ﻓﻲ ﺗﻮﻓﻴﺮ ﻣﺘﻄﻠﺒﺎت اﻟﺸﺮآﺔ ﻣﻦ اﻟﻤﻮاد‪.‬‬ ‫ وزارة اﻟﺪﻓﺎع واﻟﻄﻴﺮان ﺗﺘﺠﻪ أﻳﻀًﺎ إﻟﻰ زﻳﺎدة اﻻﻋﺘﻤﺎد ﻋﻠﻰ ﻣﻨﺘﺠﺎت اﻟﺼﻨﺎﻋﺔ اﻟﻮﻃﻨﻴﺔ‬ ‫وﺳﺘﻘﻴﻢ ﻓﻲ ﻧﻮﻓﻤﺒﺮ ‪ 2010‬ﻣﻌﺮﺿًﺎ ﺧﺎﺻًﺎ هﺪﻓﻪ ﺗﺄآﻴﺪ أهﻤﻴﺔ اﻟﺘﻮﺳﻊ ﻓﻲ اﻟﺼﻨﺎﻋﺎت اﻟﺘﻲ‬ ‫ﺗﺨﺪم اﺣﺘﻴﺎﺟﺎﺗﻬﺎ وﺧﺼﻮﺻًﺎ ﻓﻲ ﻣﺠﺎل ﻗﻄﻊ اﻟﻐﻴﺎر‪.‬‬ ‫‪24‬‬ ‫دﻋﻮة ﻟﻼﺳﺘﺜﻤﺎر ﻓﻲ اﻟﺸﺮآﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﻮاﻋﺪة‬ ‫ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫اﻟﺴﺆال ‪ :‬هﻞ اﻟﺪﻋﻮة ﻟﻼﺳﺘﺜﻤﺎر ﻓﻲ اﻟﺸﺮآﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﺴﻌﻮدﻳﺔ واردة ﻓﻲ هﺬﻩ‬ ‫اﻟﻈﺮوف اﻟﻤﺎﻟﻴﺔ؟‬ ‫اﻟﺠﻮاب ‪ :‬ﺑﺪون ﺷﻚ ﻧﻌﻢ ‪ ،‬واﻻﺳﺒﺎب آﻠﻬﺎ ﻣﻮﺟﺒﺔ وهﻲ‪:‬‬ ‫‪.1‬اﻟﻮﺿﻊ اﻻﻗﺘﺼﺎدي ﻓﻲ اﻟﻤﻤﻠﻜﺔ ﻣﺘﻴﻦ ﺟﺪا ﻻﻋﺘﻤﺎدﻩ ﻋﻠﻰ أآﺒﺮاﺣﺘﻴﺎﻃﻲ ﻟﻠﻨﻔﻂ ﻓﻲ اﻟﻌﺎﻟﻢ‪.‬‬ ‫‪.2‬اﺳﺘﻤﺮار ﻧﻤﻮ اﻟﺼﻨﺎﻋﺎت اﻟﻤﺨﺘﻠﻔﺔ ﻓﻴﻪ ﻓﻲ ﻣﺨﺘﻠﻒ اﻟﻘﻄﺎﻋﺎت ﺑﻮﺗﺎﺋﺮ ﺟﻴﺪة‪.‬‬ ‫‪.3‬ازدﻳﺎد اﻟﻔﺮص اﻻﺳﺘﺜﻤﺎرﻳﺔ ﻓﻲ اﻟﻤﺸﺎرﻳﻊ اﻟﺼﻨﺎﻋﻴﺔ‪.‬‬ ‫‪.4‬ﺗﻮﻓﺮ اﻟﺴﻮق اﻟﻤﺤﻠﻴﺔ ﻻﺳﺘﻴﻌﺎب اﻟﻤﻨﺘﺠﺎت اﻟﺼﻨﺎﻋﻴﺔ ذات اﻟﻌﻼﻗﺔ ﺑﻨﺸﺎﻃﺎت اﻟﻘﻄﺎﻋﻴﻦ‬ ‫اﻟﻌﺎم واﻟﺨﺎص‪.‬‬ ‫‪.5‬وأﺧﻴﺮًا ﺣﺮص اﻟﺪوﻟﺔ ﻋﻠﻰ دﻋﻢ اﻟﺘﻨﻤﻴﺔ وﺧﺼﻮﺻًﺎ ﻓﻲ اﻟﺒﻨﻴﺔ اﻟﺘﺤﺘﻴﺔ واﻋﺘﻤﺎدهﺎ‬ ‫اﻟﺼﻨﺎﻋﺔ آﺨﻴﺎر اﺳﺘﺮاﺗﻴﺠﻲ ﻟﻬﺎ ﻓﻲ ﺗﻨﻮﻳﻊ ﻣﺼﺎدر اﻟﺪﺧﻞ‪.‬‬ ‫‪25‬‬ ‫دﻋﻮة ﻟﻼﺳﺘﺜﻤﺎر ﻓﻲ اﻟﺸﺮآﺎت اﻟﺼﻨﺎﻋﻴﺔ اﻟﻮاﻋﺪة ﺑﺎﻟﻤﻤﻠﻜﺔ‬ ‫أﻧﻮاع اﻻﺳﺘﺜﻤﺎر‪:‬‬ ‫اﻻﺳﺘﺜﻤﺎر اﻟﻤﺒﺎﺷﺮ‬ ‫اﻻﺳﺘﺜﻤﺎر ﻋﺒﺮ اﻟﺴﻮق اﻟﻤﺎﻟﻴﺔ ﺑﺎﻟﻤﻤﻠﻜﺔ ﺑﺄﺳﻬﻢ اﻟﺸﺮآﺎت اﻟﻨﺎﺟﺤﺔ واﻟﻮاﻋﺪة‪.‬‬ ‫اﻻﺳﺘﺜﻤﺎر ﻓﻲ ﺷﺮآﺎت ﺻﻨﺎﻋﻴﺔ ﻣﺴﺎهﻤﺔ ﻣﻘﻔﻠﺔ أو ﻣﺤﺪودة أو ﻓﻲ ﻃﺮﻳﻘﻬﺎ‬ ‫إﻟﻰ اﻹدراج ﻓﻲ اﻟﺴﻮق اﻟﻤﺤﻠﻴﺔ آﺸﺮآﺎت ﻣﺴﺎهﻤﺔ ﻋﺎﻣﺔ‪ .‬هﺬا اﻻﺳﺘﺜﻤﺎر ﻣﻬﻢ‬ ‫ﺧﺼﻮﺻًﺎ ﻟﻠﻤﺆﺳﺴﺎت اﻟﻤﺎﻟﻴﺔ‪.‬‬ ‫‪26‬‬ 27 KSA & UAE: Opportunities for Economic & Financial Integration Rising Giants - Opportunities in KSA 5th May 2009 Dr. Nasser Saidi, Chief Economist, DIFC Authority Agenda  GCC: A Growing Powerhouse & Economic Bloc  Economic Integration & Role of Financial Sector  Dubai International Financial Centre: Synergies & Opportunities  Economic Relations between UAE & KSA: Untapped Opportunities 2 GCC: A Growing Powerhouse & Economic Bloc GCC: Resilient in face of global turmoil • GCC facing the challenges of the global economic and financial crisis • Policy mix is sound: monetary easing, increased liquidity and fiscal stimulus • Expected lower growth and lower inflation • Infrastructure and demographics will remain key • Institutional & Structural reforms required to sustain growth • Benefit from greater economic & financial integration of the region, including prospective Gulf Monetary Union • Global economic/financial geography shifting East • GCC to play key role in future capital flows GCC a growing common market How big is a GCC common market? in millions 30 Total Population theinGCC 25 • Total GCC population is estimated at 37 million. 2000 2008e 15 2009f • Per capita GDP of $22,200 10 • Oil sector contributes around 50% of the region’s cumulative output and 75% of total exports and 85% of their governments’ budget revenues. GCC share in World Population Oil reserves Output Trade Stock Market Capitalisation 20 % 0.60% 40.10% 1.77% 1.80% 1.70% 5 0 Bahrain Kuwait Oman Qatar Saudi Arabia UAE GDP growth across the GCC 25.0 20.0 15.0 10.0 5.0 0.0 2000 2001 2002 2003 2004 2005 2006 20072008e2009f Bahrain Kuwait Oman Qatar Saudi Arabia UAE Source: EIU, IMF & DIFC Economics IMF WEO Real Growth & Inflation April 2009 Real GDP Growth ME/GCC lower growth but better than global Inflation: strong decline in inflation 6 Key Macroeconomic Indicators: UAE & KSA, 1990-2009 Saudi Arabia United Arab Emirates 1990 2000 2008e 2009f 1990 2000 2008e 2009f 8.3 4.9 4.2 -1.0 17.5 12.3 7.4 -1.6 104.5 188.4 468.9 346.9 33.7 70.2 253.0 219.0 Inflation (%) 2.0 -1.1 9.9 2.8 1.3 20.0 4.5 Fiscal Balance (% of GDP) 30.1 36.5 62.6 33.2 31.1 28.8 31.1 18.9 Trade Balance (% of GDP) 19.4 25.1 39.8 7.5 30.0 26.3 20.9 7.0 Current Account Balance (% of GDP) -3.6 7.6 28.9 -1.8 22.1 17.3 15.8 -5.6 International Reserves (USD bn) 11.9 19.8 30.6 22.8 4.8 13.6 34.8 29.8 Real GDP growth (%) Nomianl GDP (USD bns) Source: EIU, DIFC Economics 7 Equity Market Performance  Contagion effects from the crisis=>regional equity markets; but to a lesser extent than in G7  Strong economic and financial fundamentals should restore investor confidence in the medium-term. Saudi Arabia & UAE: EquityPerformance Market 21,000 120% Market Capitalisation (as a % of GDP) of GCC stock markets 19,000 96.1% 100% 17,000 15,000 80% 13,000 11,000 60% 9,000 59.1% 44.7% 7,000 40% 5,000 29.0% 3,000 20.1% 20% 1,000 8.4% 0% Bahrain Saudi Arabia Kuwait Oman Qatar Saudi UAE General Index Source: Bloomberg, Reuters, DIFC Economics UAE Major Trading Partners of the GCC 3.6% GCC’s Major Export Partners – Asia’s increasin g share in exports 2007data Africa 38.2% 31.1% 9.9% 10.5% Asia EU Africa 39.7% 33.2% US US Other 2000data 7.5% EU 2007data 32.4% 11.4% Middle East 11.5% 10.2% US Other 8.6% 11.3% Asia 29.2% EU Middle East 7.9% 30.9% Asia Middle East 6.7% 18.2% GCC’s Major Import Partners – the EU and Asia’s rising share 3.1% 2000 data Asia EU Middle East 11.5% US Other Other 33.5% Source: IMF DOTS, DIFC Economics 9 Intra – GCC Total Trade • Although modest, intra regional trade has been growing over the years. • KSA and UAE among the largest export markets. 2000 2007 Total Trade in the GCC economies - compared across 2000 &2007 BH KW OM QA KSA 1,594,559,100 1,250,374,700 2,746,889,150 1,145,344,620 4,203,016,900 6,624,464,900 3,197,890,900 6,326,679,300 4,473,028,300 14,762,441,000 UAE 3,703,395,000 12,603,324,500 UAE Imports & Exports from other GCC economies KSA and UAE are largest bilateral trading partners Imports of UAE from other GCC countries (% of total imports), 3Q08 Exports from UAE to other GCC countries (% of total exports), 3Q08 BH, 1.60% BH, 6.71% KW, 2.07% KW, 4.08% KSA, 7.43% OM, 0.58% KSA, 31.20% QA, 18.20% OM, 10.11% QA, 3.86% Exports to and imports from the UAE by other GCC economies, 3Q08 BH KW OM QA UAE Exports to 144,115,000 186,382,000 910,580,000 347,787,000 UAE Imports from 206,318,000 125,391,000 17,731,400 559,878,000 KSA 668,577,000 959,683,000 Source: IMF DOTS, DIFC Economics Areas & Benefits of Integration • Regional Integrated Infrastructure is basis for regional economic integration • Regional integration should be based on efficient and integrated Infrastructure • – Transport (Land, Air, Sea) – Telecommunication networks (ICT) – Energy Infrastructure: Electricity Power Grids, Gas Pipelines, Water Benefits of a Integrated infrastructure – Lower transaction costs – Increased specialisation – Economies of scale & scope – Higher intra-regional investment activity. – Growth in output & trade – Strengthened reputation and negotiation power Role of Financial Sector Development for the Region • Finance Infrastructure & Regional Economic Integration – Common Market crucial step to capture gains from integration – GCC Monetary Union paving way for change through lower barriers to trade in services and financial market liberalization and integration – GCC Common Currency will emerge as a global currency alongside US$, Euro • Financial Markets in GCC can become an “engine of growth”: – Support massive investment required in networks – Invest, Manage & Control region’s financial wealth of $2+ trillion – Enable & support economic and financial reforms – Enable separation of oil revenue management from fiscal policy & investment Dubai International Financial Centre: Diverse Opportunities Foundations for a New International Financial Centre Internationally-accepted common legal framework Regulated financial centre with full transparency Mechanism to centralise regional wealth for sustained economic growth & development Deployment channel for Regional Wealth Dubai is 4 hours ahead of Greenwich Mean time (GMT) 5pm Dubai = 9am New York 1pm Dubai = 9am London International Financial integration 9am Dubai = 1pm Hong Kong 15 DIFC Vision & Mission The vision of the Dubai International Financial Centre (DIFC) is to shape tomorrow's financial map as a global gateway for capital and investment. The mission of the DIFC is to be a catalyst for regional economic growth, development and diversification by positioning the DIFC as a globally recognized financial centre. 16 DIFC- Hierarchy of Laws UAE Constitution Constitutional UAE Federal Law No.8 of 2004 Federal Federal Decree No.35 of 2004 Cabinet Resolutions Dubai Law No.9 of 2004 Dubai Law No.12 of 2004 Dubai DIFC Laws DIFC DIFC Regulations, DIFC Courts and DFSA Rules 17 DIFC Legal & Regulatory Infrastructure DIFC Law No. No. 1 of 2004 No. 2 of 2004 No. 4 of 2004 No. 5 of 2004 No. 6 of 2004 No. 7 of 2004 No. 10 of 2004 No. 11 of 2004 No. 12 of 2004 No. 13 of 2004 No. 4 of 2005 No. 5 of 2005 No. 6 of 2005 No. 7 of 2005 No. 8 of 2005 No. 9 of 2005 No. 10 of 2005 No. 11 of 2005 No. 1 of 2006 No. 3 of 2006 No. 4 of 2006 No. 5 of 2006 No. 1 of 2007 No. 4 of 2007 No. 5 of 2007 No. 1 of 2008 Administrative Authority Law/Regulation DIFCA DFSA DJA Regulatory Law ! Companies Law ! Law Relating to the Application of DIFC Laws ! Limited Liability Partnership Law ! Contract Law ! Insolvency Law ! Courts Law ! General Partnership Law ! Markets Law ! Law Regulating Islamic Financial Business ! Employment Law ! Law of Obligations ! Implied Terms in Contracts and Unfair Terms Law ! Law of Damages and Remedies ! Law of Security ! Personal Property Law ! Law on the Application of Civil and Commercial Laws ! Trust Law ! Collective Investment Law ! Companies Law ! Limited Partnership Law ! Investment Trust Law ! Date Protection Law ! Real Property Law ! Strata Title Law ! Arbitration Law ! 18 DIFC Regulations 1. Non Financial Anti Money Laundering/Anti Terrorist Financing (AML/CFT) Regulations 2. Real Property Regulations 3. Strata Title Regulations 4. Data Protection Regulations 5. Limited Partnership Regulations 6. Security Regulations 7. Dematerialized Investments Regulations 8. DIFC Insolvency Regulations 9. Preferential Creditor Regulations 10. Companies Regulations 11. Single Family Office Regulations 12. General Partnership Regulations 13. Limited Liability Partnership Regulations 14. DIFCA Operating Regulations 15. Special Purpose Company Regulation 16. Special Purpose Company Fee Regulation DIFC Structure • • • • • • Over 26 laws & 16 regulations have been enacted establishing the basis for regulatory framework and allowing financial institutions to carry out activity in the DIFC. Tailor-made based on the best laws available in leading jurisdictions (e.g. Regulatory Law based on Common Law, Insurance Regulations based on Bermuda Law, Trust Law similar to Singapore and US regulations) Develop overall strategy and provide direction to the Centre Develop laws and regulations governing non-financial services activities Promote DIFC and attract licensees to operate in the Centre One stop shop service for visas, work permits etc • Sole financial regulator within DIFC, AML co-regulation with UAE Central Bank • Administrative and civil rule making and enforcement • Bilateral MOUs with host of jurisdictions • IOSCO, the BOCA Declaration (including multilateral MOUs), IFSB, IAIS (Technical Committee) etc • • An independent court system responsible for administering and enforcing the civil and commercial matters at the Centre Based on Common Lawoffering institutions and companies the legal clarity and predictability 20 Insurance Wealth Management Capital Markets Banking DIFC - Ecosystem Core Verticals For Overall Financial Services Industry Development Islamic Finance Financial Infrastructure (Exchanges, Payment systems etc) Horizontals required for Centre Building Ancillary Services (Legal, Accounting, Technology, Professional services etc) Soft Infrastructure (Government services, culture/art, business support etc) One Stop Shop Business Services Physical Infrastructure (State of art commercial, residential and retail) Regulatory & Legal Environment 21 DIFC - Value Proposition Clear & Transparent Legislation DFSA: World Class Regulations A dedicated financial services cluster Hawkamah Institute for Corporate Governance DIFC Education Strategy: Access to Talent Window to a wealth of opportunities Borse Dubai/Nasdaq Dubai: Liquid & Transparent International Exchange DIFC Courts: Independent Judicial System DIFC Resource Centre: Business Support Services 22 DIFC : The Momentum Yearly Growth in Number of DIFC Registered Companies Cumulative YOY Growth 800 700 YOY Growth +46% Non-re gula te d co's YOY Growth +62% Re gula te d co's 600 400 YOY Growth +516% 200 100 0 117 Total:19 6 13 2004 511 448 YOY Growth +169% 500 300 778 745 315 481 297 182 214 84 33 133 2005 2006 2007 297 297 2008 2009 YTD Of the total 778 companies operating out of DIFC currently, there are 297 regulated (38.2%) and 481 non-regulated (61.8%) companies. Data as of Mar 31st, 2008 ; Source: ROC Data, DFSA Register 23 Economic Relations between UAE & KSA: Under-tapped Opportunities? Opportunities for Cooperation • Change in Global Economic Geography requires accompanying change in Global Financial Geography • Opportune time for the GCC to establish its position in the World Financial Map • Need for establishing and strengthening of links and channels for communication, transactions, trade, investment and mutually beneficial cooperation. • The DIFC and KSA have an opportunity to strengthen ties at an institutional level and develop a general framework for cooperation to:  Consult & cooperate in their areas of authority & competence  Act to ensure banking and financial stability  Promote Financial market integration  Facilitate trade & investment flows 25 Framework for Cooperation Cooperation and collaborative projects would focus on: 1. Financial System Development  Lower access barriers to financial services  Increased linkages and convergence across financial markets  Harmonization of laws & regulations  Passport-ability of products & operators (similar to EU MiFid)  Development of the Islamic Finance sector  Capital Market Development and Integration  Develop new markets and instruments  Integrated Payment System  Joint Ventures, Investments & Trade  Other (Research & Statistics, Information Technology) Synergies between KSA and UAE/DIFC • Two countries can gain from each others strengths and best practices • The opportunity for a natural partnership between Saudi Arabia and the UAE can be compared to that of France and Germany – the largest partners in the European Union. Saudi Arabia • Large indigenous market • High concentration of wealth • Large established local and regional financial players • Well established capital markets • Rapid improvement in ease of doing business UAE/DIFC • International standard regulations • World class infrastructure • Good living standards • Ease of attracting foreign talent • Proximity to the capital rich region • Presence of many international financial players Conclusion • • • • • • Global financial crisis heralds an unparalleled opportunity for the region Regional Integration should be high priority on policy agenda GCC should undertake massive investments in trans-national, regional integrated infrastructure & Infostructure with private sector participation KSA and UAE are the driving force behind common market Regional integration should be based on efficient infrastructure: transport, networks for oil, gas, water, ICT Regional Economic integration requires Financial market integration Thank You Dr. Nasser Saidi Chief Economist DIFC Authority nasser.saidi@difc.ae DIFC: The Regulatory Perspective Roberta Calarese Director, Policy and Legal Services Dubai Financial Services Authority 5 May 2009 About the DIFC Onshore Capital Market / International Standards Designated as a Financial Free-Zone Foreign Currency Denominated / Zero Tax Rate* Civil and Commercial Laws of UAE Not Applied Tailor-made Laws for the DIFC No Local Partner Requirements Page 2 * 50 Years and Renewable About the DFSA The DFSA is the independent regulator of financial and ancillary services conducted through the DIFC, a purpose-built financial free-zone in Dubai • Independence is guaranteed by law • Integrated regulator covering banking, securities and insurance • Regulates using a risk-based approach • Follows international standards of IOSCO, Basel, IAIS and FATF • Common law framework for Rules and Law enforceable in DIFC Court • Linked to key world capital market regulators through many bi-lateral Memoranda of Understanding (MoUs) • Board and senior executives comprising internationally experienced regulators from major jurisdictions Page 3 The DFSA’s Objectives In performing its functions and exercising its powers, the DFSA: • pursues fairness, transparency and efficiency in the financial services industry in the DIFC • fosters and maintains confidence in the financial services industry in the DIFC • fosters and maintains the financial stability of the financial services industry in the DIFC, including the reduction of systemic risk • prevents, detects and restrains conduct that causes or may cause damage to the reputation of the DIFC or the financial services industry in the DIFC, through appropriate means including the imposition of sanctions and monetary penalties • protects direct and indirect users and prospective users of the financial services industry in the DIFC • promotes public understanding of the regulation of the financial services industry in the DIFC and • pursue any other objective as the Ruler may, from time-to-time, set under DIFC Law Page 4 The DFSA’s Key Activities • Rulemaking and policy development • Drafting financial services legislation • Licensing, supervision and/or recognition of entities providing Financial Services in the DIFC, including: - NASDAQ Dubai - equities exchange - DME - commodities derivatives exchange • Enforcing DFSA administered legislation Page 5 Types of Firms Licensed and Recognised by the DFSA Authorised Firms Authorised Individuals Conduct specified financial services in or from the DIFC once licence has been granted Perform licensed functions within an Authorised Firm after being authorised Page 6 Authorised Market Institutions Ancillary Service Provider Are licensed exchanges or clearing houses operating in DIFC Currently NASDAQ Dubai and DME Provide legal and accounting services to Authorised Firms after being registered Recognised Bodies Recognised Members Exchanges, clearing houses or settlement facilities recognised to conduct financial services without having physical presence in DIFC Remote trading and clearing members recognised to conduct financial services without having physical presence in DIFC Prudential Categories of Authorised Firms Category 1 Accepting deposits or providing credit Category 2 Category 3 Category 4 Dealing in Dealing in Arranging investments as investments as Credit or Deals principal agent in Investments or Arranging or Managing Custody Assets Decreasing Capital Requirements and Prudential Risks Category 5 Islamic Financial Institution Page 7 Capital requirements may vary Islamic Finance Regime • An integrated regime for Islamic Finance • The DIFC is a Shari’a Systems Regulator rather than a Shari’a Regulator • In an Islamic Firm, regulatory responsibility rests with senior management. Page 8 Regulation of Islamic Finance in the DIFC The Law of the DIFC requires: • Page 9 An Authorised Firm holding itself out as conducting Islamic Financial Business needs to have an endorsed License authorising it to conduct Islamic Financial Business: • as an Islamic Financial Institution or • by operating an Islamic Window. Appointment of Shari’a Supervisory Board • Required at law and reconfirmed in the DFSA Rulebook • Minimum 3 members • Members must be notified to the DFSA • The firm must have a policy setting out the process of appointment, dismissals or changes of SSB members • Details of the qualifications, experience and assessment of competency undertaken by the firm must be recorded • SSB cannot be a Controller or Director of the firm • The terms of engagement between the firm and SSB member must be retained for 6 years Page 10 Disclosure • In addition to the product disclosure requirements a firm must also disclose details of the SSB • Marketing material must also state which SSB has approved the product / service to which the marketing relates • PSIA - in addition to the details about the profit allocation, the firm must provide periodic statements to the clients which will include details of the performance of the investments Page 11 Islamic Financial Institutions in the DIFC • Amanah Capital LLP • DIB Capital Ltd • Oasis Crescent Capital (DIFC) Limited • Waqf Trust Services Limited • Paradigm Investment Banking Company Limited • Rasameel Investment Bank Limited • Makaseb Islamic Capital Limited • GCF Management Limited • Tabarak Partners LLP • Millennium Finance Corporation Limited • Injazat Capital Limited • Unicorn Capital Limited • Takaful Re Limited Page 12 Authorised Firms with Islamic Windows in the DIFC • Morgan Stanley & Co International plc • Mashreq Capital (DIFC) Limited • HSBC Bank Middle East Limited • Prudential Asset Management Limited • Baer Capital Partners International Limited • Mazaya Investments (DIFC) Limited • Eastgate Capital Group Limited • SinoGulf (DIFC) Limited • Siraj Capital (Dubai) Limited • Emirates NBD Capital Limited • Emirates Investment Services Limited • UBS AG Page 13 The DFSA in Action (as at April 2009) • Authorised Firms: 247 • Ancillary Service Providers: 55 • Auditors: 17 • Authorised Islamic Financial Institutions: 13 • Authorised Islamic Windows: 12 • Authorised Market Institutions: 2 • Recognised Members: 96 • Recognised Bodies: 6 • MoUs signed: 44 (bi-lateral) and 2 (multi-lateral) • Enforceable Undertakings: 11 • Consultation Papers: 60 • Number of Employees: 118 • Tomorrow’s Regulatory Leaders: 10 Page 14 Financial Stability Landscape – Post G20 Financial Stability Board Membership StandardSetting Members SupraNational Members IOSCO IMF (securities) Joint Forum BASEL G20 ECB (banking) OECD IAIS (insurance) IASB (accounting) Page 15 National Members (IFSB, AAOIFI, IFIAR) Spain Hong Kong The World Bank Netherlands Singapore EC Switzerland Thank You Dubai Financial Services Authority www.dfsa.ae info@dfsa.ae +971 4 362 1500 Page 16 The Opportunities on NASDAQ Dubai Tuesday, May 5th – Four Seasons Hotel, Riyadh, KSA Key Features Location Located in the business hub of the Middle East Transparency Global standards of regulation in a financial free zone International Issuers from 5 continents Exposure Worldwide coverage Valuation Markets determine value of the company Liquidity Bridging international investment and local retail liquidity Product Choice Equities, Structured Products, Derivatives, Bonds/ Sukuk, ETFs* and REITs. * Subject to DFSA approval. 2 NASDAQ Dubai on the Exchange Map 66% 80% 19.9% 22% - Group NASDAQ OMX owns 33% of NASDAQ Dubai . Dubai Financial Market is a public company with a free float of 20%. NASDAQ Dubai is owned 2/3rd by Borse Dubai and 1/3rd by NASDAQ OMX 3 Milestones Sept 2005 Aug 2007 Nov 2007 Feb 2008 April 2008 July 2008 July 2008 Nov 2008 Nov 2008 March 2009 4 Dubai: Business Hub of the Middle East Dubai is the emerging financial hub of the Middle East and home to numerous successful free zones. Dubai is the premium location in this time zone. * Only Business Free Zones ** Source: Global Financial Centers Index created by the City of London Corporation and Z/Yen Group NASDAQ Dubai is located in the DIFC: a free zone that ensures a transparent operating environment with high standards of rules and regulations and zero tax rate on profits. The DIFC is the highest ranked Middle Eastern financial centre**. 5 NASDAQ Dubai – serving a New International Time Zone Local, Regional, and International Issuers Local, Regional, and International Investors NASDAQ Dubai bridges the trading time gap between Asia Pacific and Europe 6 Local & International Equity Issuers North America Europe Asia G.C.C. India South Africa Australia 7 Successful Primary Listings Largest IPO in the Middle East: Successfully raised $ 4.96 Billion. 15x Oversubscribed. Free Float: 23% Average Daily Trading Volume in Q1 2009 was around 14 million shares. Successfully Raised: USD 418 million Free Float: 43% Since listing, the Ordinary Shares in NASDAQ Dubai have traded around 3 times more than the GDRs in LSE. Successfully Raised: USD 270.6 million Free Float: 27.9% First retail company listed on NASDAQ Dubai Institutional offer 8 NASDAQ Dubai Liquidity Q1 2009 9 An Increase in Equity Trading Volumes: 9 Volumes in Q1 2009 increased by 62% compared to Q1 2008. 9 Volumes in Q1 2009 increased by 27% compared to Q4 2008. 9 A Steady Increase in Equity Derivatives in Q1 ‘09 : Number of Contracts Traded % Change January February March 90 386 6,816 - 328% 1,665% 9 An Increase in Secondary Listed Equity Trading*: Total Volume * NASDAQ Dubai has 14 secondary listings. Q4 2008 Q1 2009 % Change 557,599 2,459,900 341% 9 NASDAQ Dubai Liquidity Comparison of U.A.E. Exchanges in Q1 2009 9 DP World traded higher volumes than 89% of the stocks on the DFM and 98% of the stocks on ADX. 9 Depa traded higher volumes than 71% of the stocks on the DFM and 70% of the stocks on ADX. 9 Damas traded higher volumes than 50% of the stocks on the DFM and 14% of the stocks on ADX. 20 Feb 09 DPW traded 556,301,530 shares, out trading all 65 stocks on the ADX and 60/65 of the stocks on DFM. Source: DFM, NASDAQ Dubai and ADX websites 10 IPO Trends: Value Raised in the Region 9 NASDAQ Dubai , the youngest exchange in the region, ranked second in amount of capital raised in the region during 2005-2008. 9 In the U.A.E. DP World was the biggest IPO in 2007. It successfully raised USD 4.96 Billion. 9 In 2008, the value raised by IPOs on NASDAQ Dubai was higher than DFM and ADX. Damas and Depa IPOs raised in total USD 689 million compare to USD 524 million in DFM and USD 61.51 million in ADX. Source: Zawya and Ernst & Young 11 Alternative Investment Opportunities TraX – Structured Products Platform First structured products platform in the region Provides an easy access to the G.C.C. markets Fixed Income – Sukuk & Debt The World’s largest listed Sukuk Market: 20 Sukuk listed valued at USD 16.5 Billion Nakheel Development Ltd 19 structured products from international investment banks: US $ 3,520,000,000 Trust certificates Due 2009 December 14, 2006 JAFZ Sukuk Ltd US $ 2,040,000,000 Trust certificates Due 2012 December 9, 2007 7 Debt products listed: 12 Dubai Gold Securities Listed on NASDAQ Dubai, on 2 March 2009, Dubai Gold Securities are the first Shariah compliant physically-backed gold product to be listed on the exchange and in the Middle East. - Objective: A Shariah compliant investment designed to track the price of gold bullion. • Dubai Gold Securities are ExchangeTraded Commodities (ETCs). - Pricing: Based on approximately 1/10th of one fine troy ounce of gold bullion. • ETCs trade just like shares and provide exposure to a range of commodities and commodity indices, including gold, energy and metals. - Custodian: HSBC Bank ETCs enable investors to gain exposure to commodities without trading futures or taking physical delivery. - Shariah Compliant: Yes • • Dubai Gold Securities Fact Sheet - Expenses: 0.40% p.a. - Currency: USD -The Gold Bullion: All gold is held in allocated form on behalf of investors and is subject to regular audits. 13 Derivatives Platform The equity derivatives platform was launched in November 2008. Equity derivatives enable investors to hedge risk, and can increase trading volumes in the underlying stock as well as reduce volatility in its price. The products offered are: Index Futures based on FTSE/NASDAQ Dubai U.A.E 20 Index. Single Stock Futures based on the following stocks*: * DP World Futures are physically settled. The other futures are cash settled. 14 Local & International Members Regional Members (14) International Members (17) Direct Market Access (DMA - 12) 15 NASDAQ Dubai: A World‐Class Exchange Listed Equities & Products Main Cash Market (19) • Primary Listings: • • DP World • • Depa • • Damas • Dubai Gold Securities (ETC) • Kingdom Hotel Investments Secondary Listings: NASDAQ OMX Al Baraka Group Netsol Technologies CSST Citigold Corporation Monarch Gold Boulder Steel Unigold Inc Fortune Management Man Industries Hikma Pharmaceuticals Gold Fields ADS Brevan Howard Global Limited • Brevan Howard Macro Limited • • • • • • • • • • • • • Debt Market (7) DP World Dubai Holding Mashreq x 2 NBD x 3 Sukuk Market (20) • • • • • • • • • • • • • • • • • TID Sukuk Nakheel x 3 DIB DAAR Sukuk x 2 IIG Sukuk DFCS Sukuk DPWorld Sukuk Cherating Capital Ras al Khaimah Jebel Ali Free Zone Tamweel Almana Paka Capital Villamar DEWA Funding Limited RAK Capital Tamweel Funding Ltd TraX Market (19) Conventional SPs • DB S&P 500 • DB Nikkei 225 • DB Stoxx 50 • DB EuroStoxx 50 • DB Dax 30 • Xpert‐IC‐Dubai • Xpert‐IC‐Abudhabi • Xpert‐IC‐Qatar • Xpert‐IC‐GCC • Protect‐3YCP‐Mixed • Protect‐2YCP‐Croci • Perform‐5YCP‐Smart • Perform‐4YCP‐Targt • Trackr‐10YIC‐Dubai • ML GCC Hedge Inverse Tracker Islamic SPs • DB Croci (I) EU • DB Croci (I) US • DB Croci (I) GL • DB Croci (I) JP Derivatives Market Index Futures: FTSE/NASDAQ Dubai U.A.E 20 Index • Single Stock Futures: Aabar Abu Dhabi Commercial Bank Air Arabia Aldar Properties Arabtec Dana Gas DFM Dubai Investments Dubai Islamic Bank DP World Emaar Du First Gulf Bank Gulf Cement Company NBAD RAK Properties Shuaa Capital Sorouh Real Estate Union Properties Waha Capital • • • • • • • • • • • • • • • • • • • • 17 DP World Case Study • DP World is one of the largest marine terminal operators in the world with 49 terminals and 12 new developments across 31 countries • Prior to its listing, it was 100% owned by the government of Dubai • Through its IPO the company successfully raised USD 4.9 billion; the highest amount raised by a Middle Eastern company in 2007 • On its listing date the market capitalization of the company was US$ 21.6 billion with a free float of 23% • The offering was 15x oversubscribed • Liquidity on DP World’s stock has been to the satisfaction of global institutional investors Initial Public Offering through the Placement of 3818 million Shares AED 18,235,000,000 (US$ 4,963,000,000) Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers November 2007 18 Dubai Gold Securities Shariah Compliance • Dubai Gold Securities comply with Shariah law and practice: — Each security is backed by a defined amount of gold — A security holder has an ownership interest in the allocated gold backing each security — Security holders have no obligation or right to the payment of any interest • The Dubai Gold Securities Shariah Supervisory Board: — Supervises the issuance and trading of Dubai Gold Securities — Inspect the allocated gold held on behalf of investors • Shariah Supervisory Board consists of: — Shaykh Dr. Mohammad Abdul Raheem Sultan Al Olama, UAE — Shaykh Nizam Yaquby, Bahrain — Shaykh Dr. Yusuf Abdullah Alshubaily, KSA — Shaykh Dr. Muhammad Daud Bakr, Malaysia — Shaykh Yusuf Talal DeLorenzo, USA * For more information, please visit www.dubaigoldsecurities.com 19 Relative Growth Rate Comparison of NASDAQ Dubai, DFM & ADX in their first 3 years of trading Year 3 Year 2 Year 1 NASDAQ Dubai Volume growth in its 3rd year: - 7 times DFM’s volume - 18 times ADX’s volume NASDAQ Dubai Value growth in its 3rd year: - Double DFM’s value - 4 times ADX’s value 20 FTSE Quality of Markets Criteria NASDAQ Dubai DFM ADX Formal stock market regulatory authorities actively monitor market (e.g., SEC, FSA, SFC) Fair and non-prejudicial treatment of minority shareholders x x x x x x Non or selective incidence of foreign ownership restrictions x No objections or significant restrictions or penalties applied on the repatriation of capital Free and well-developed equity market Free and well-developed foreign exchange market (country indication) Non or simple registration process for foreign investors x x x x x x x x x x x x Settlement -Rare incidence of failed trades Custody-Sufficient competition to ensure high quality custodian services Clearing & settlement -T +3 or shorter, T+7 or shorter for Frontier x x x x x x x x x Stock Lending is permitted Settlement - Free delivery available Custody - Omnibus account facilities available to international investors x x x x x x x x x x x x x Market and Regulatory Environment Custody and Settlement Dealing Landscape Brokerage -Sufficient competition to ensure high quality broker services Liquidity -Sufficient broad market liquidity to support sizeable global investment Transaction costs -implicit and explicit costs to be reasonable and competitive x x x Short sales permitted Off-exchange transactions permitted x x Efficient trading mechanism Transparency -market depth information / visibility and timely trade reporting process x x Derivatives Developed derivatives market Note: This assessment was done by NASDAQ Dubai using FTSE quality of markets criteria. Launched in Nov ‘08 21 Electronic Platform State-of-the-art trading system Operational infrastructure • NASDAQ Dubai uses the OMX X-Stream electronic trading system provided by Nasdaq OMX. Trading • The platform supports trading in equities, debt securities, sukuk , structured products and derivatives. • Liquidity is provided through appointed market makers. • Trading from Sunday through Thursday 10:00 – 17:00. • AED and USD listings. • Tick size: the minimum is half a cent for stocks valued at more than two dollars and up to 10 dollars; and it is at 1 cent for stocks valued at more than 10 dollars. • Settlement NASDAQ Dubai operates a central counterparty clearing system using software supplied by Tata Consultancy Services (TCS). • Settlement period of T+3. • Standard Chartered Bank is NASDAQ Dubai clearing bank. • NASDAQ Dubai is linked to Euroclear and Clearstream providing international investors facilitating transfers of securities. 22 Market Infrastructure 1 Members (31) Direct Market Access (DMA - 12) Member type No. Trading Members 30 Individual Clearing Members 12 General Clearing Members 5 Regional/ Local Members 14 International Members 17 DMA No. Regional 12 International 0 Market Makers (5) Market Makers No. Regional 2 International 4 23 Market Infrastructure 2 Custodians (7) Custodians Settlement Banks (3) No. Regional 3 Settlement Banks International 4 Regional 1 International 2 No. NASDAQ Dubai Clearing Bank Standard Chartered Market Data • NASDAQ Dubai feeds market data directly to Bloomberg, Reuters as well as local and regional market data vendors • Market data also available on NASDAQ Dubai website and DFM trading floor • Many local brokers provide market data through on line services 24 NASDAQ Dubai vs. Regional Exchanges Requirement NASDAQ Dubai Minimum free float 25% Size Market Cap: USD 50m Ownership 100% Foreign allowed Share Price Market Driven Valuation – Book Building Share Denomination USD / AED U.A.E. Exchanges Doha Securities Market Saudi Stock Market Bahrain Stock Market Kuwait Stock Exchange Muscat Securities Market Strategic shareholders must - must have at least 30% and at least together hold a minimum of 500,000 issued shares 200 public 55% Not Specified 25% of the shares of a - must have at least shareholders closed company seeking 100 shareholders listing. - minimum paid-up capital: USD 34 million Paid up capital: paid-up capital: USD paid-up Market Value: USD - shareholders' equity must DFM - USD7m 1.3 million capital: USD Paid up capital: USD 11m 26.6 million be minimum of 115% of the ADX - USD 5.5m 5.1 M paid-up capital in each of last 3 years. foreign investors - 49% foreign were allowed to allowed. sign swap - An individual Foreign investors may hold up to 25% of the agreements with foreigner may not hold 100% - exception: oil and 49% foreign Saudi shares in a DSM listed company. Foreigners 49% foreign allowed more gas sector companies allowed intermediaries, cannot participate in IPOs. than 1% of a listed allowing a form of company’s issued indirect ownership share capital. of the shares The value of each of the issued shares in Book building the market must not regulated by SCA – Fixed Price/Book be less than the paidNominal Value Fixed price Fixed Price Capital Markets Building up portion of the Authority nominal value of each share. The applicant must have a minimum of 30 shareholders. If this number falls to below 15,trading is suspended immediately. AED QAR SAR BD Not specified Not specified KWD OMR Lock-in of the first 50% of their shares for one year and the remaining 50% for a Not Specified period of two years following listing. Founding Shareholder Lock-in 6 months expected 2 years Lock-in of 50% of their shares for two years (if it is a private placement). Published Accounts 3 years 2 years 1 year (excluding newly incorporated companies. 3 years 2 years 2 years 2 years Documents Language English Arabic Not specified Arabic Not specified Not specified Not Specified 25 Local Exposure Listing on NASDAQ Dubai offers companies an opportunity to advertise in NASDAQ Dubai’s DFM Booth (corporate video and brochures) and have their price ticker in DIFC’s busiest roundabout: 26 Worldwide Exposure Listing on NASDAQ Dubai offers companies an opportunity for instant global exposure: Ringing the NASDAQ Bell. Advertising in NASDAQ’s dramatic video tower – one of the largest in the world - located in New York’s Times Square. Jeff Singer, CEO of NASDAQ Dubai, congratulating Tawhid Abdullah, CEO of DAMAS, on the IPO Deputy ruler of Dubai, Sheikh Maktoum opens the NASDAQ stock market remotely from the Dubai International Financial Centre to celebrate the rebranding of our exchange to NASDAQ Dubai. 27 Contacts Executive Management Jeff Singer, CEO +971 4 361 2101, Jeff.Singer@nasdaqdubai.com Peter FitzGerald, COO +971 4 361 2313, Peter.Fitzgerald@nasdaqdubai.com Business Development – Listings Amit Sahi, Senior Manager +971 4 361 2258, Amit.sahi@nasdaqdubai.com Sara Kamal, Senior Manager +971 4 361 2288, Sara.kamal@nasdaqdubai.com Market Operations & Membership Dean Noble, Head of Market Operations +971 4 361 2244, Dean.noble@nasdaqdubai.com Communications Mark Fisher, Vice President +971 4 361 2220, Mark.fisher@nasdaqdubai.com General Inquiries +971 4 361 2222 or visit www.nasdaqdubai.com 28 NASDAQ Dubai: A World‐Class Exchange SETTING UP IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE ( DIFC ) Presented by Husam Hourani THE DUBAI INTERNATIONAL FINANCIAL CENTRE The DIFC is… • an “onshore” financial centre, offering a platform of choice for leading financial institutions and services providers; • established as part of the goal to position Dubai as a recognized hub for institutional finance and as a regional gateway for capital and investment; • offering stability and safety – personal and business BENEFITS OF SETTING UP IN THE DIFC Institutions establishing in the DIFC can benefit from: • 100% foreign ownership • Freedom to repatriate capital and profits without restriction • Zero percent tax rate on income and profits up to 50 years • Extensive double taxation treaties available to UAE incorporated entities • World-class laws and regulations • Transparent operating environment complying with global best practice • Dollar denominated environment • International Stock Exchange with primary and secondary listings • Variety of legal vehicles for capital structuring flexibility • A one-stop shop service for visas, work permits and related requirements • Modern and efficient transport, communications and internet infrastructure STRUCTURE OF THE DIFC Dubai International Financial Centre DIFC Authority Dubai Financial Services Authority Dubai International Financial Centre DIFC Judicial Authority The DIFC Authority (DIFCA) is charged with developing the overall strategy and supervision to the Centre. DIFCA is also responsible for the creation of laws and regulations governing non-financial services activities. The Dubai Financial Services Authority (DFSA) is the sole independent regulator of all financial and ancillary services conducted through the DIFC. The DIFC Judicial Authority is an independent judicial system which deal with matters arising from and within the DIFC. Categ ories of Authorised Firm s in the DIFC Category 1 Category 2 Category 3 Category 4 Accepting Deposits Dealing in Investments as Principal, except where it does so as a Matched Principal Dealing in Investments as Agent where it does so only as a Matched Principal Arranging Credit or Deals in Investments Operating a Collective Investment Fund Advising on Financial Products or Credit Managing Assets Arranging Custody Providing Trust Custody Insurance Management Acting as the Trustee of a Fund Operating an Alternative Trading System Providing Credit Providing Fund Administration Managing a Profit Sharing Investment Account Managing a Profit Sharing Investment Account Managing a Profit Sharing Investment Account Category 5 An Islamic Financial Institution whose entire business is conducted in accordance with Shari’a and which manages a Profit Sharing Investment Account Cap ital Category Base Capital Requirement Category 1 US $ 10 Million Category 2 (other than those Category 2 US $ 2 Million firms included elsewhere on the table) Category 3 (other than those Category 3 US $ 500,000 firms included elsewhere on the table) Categories 2 and 3 Acting as the US $ 4 Million Trustee of a Fund or Providing Custody for a Fund Category 4 US $ 10,000 Category 5 US $ 10 Million Professional and Retails Clients Effective 1st July 2008, Authorised Firms in the DIFC may deal with: • Professional Client i. has net assets of at least US$500,000 which includes any assets held directly or indirectly by the Person or is/has been in the previous 2 years an employee of an Authorised Firm; ii. has sufficient experience and understanding of relevant financial markets, products or transactions and any associated risks; and iii. has not elected to be treated as a Retail Client • Retail Client Person with net assets of less than US$500,000 and/or no sufficient financial experience and understanding of financial markets, products or transactions and any of its associated risks DFSA Ap p lication Process 1. Letter of Intent is submitted to the DIFC and a follow up meeting is held 2. Submission of the Regulatory Business plan to DFSA 3. Receive comments from DFSA re RBP 4. Submission of complete DFSA Application with manuals, final RBP and Auditor’s sign-off 5. DFSA reverts with queries 6. Response to DFSA queries finalised and submitted 7. DFSA & Client dialogue 8. “In-principle approval” received from DFSA 9. Incorporation of the company with the DIFC Registrar of Companies (ROC) 10. Bank Accounts opened & office accommodation finalised 11. DFSA Final License obtained Incorp oration/Reg istration w ith the DIFC Reg istrar of Com p anies • Upon receipt of the “in-principle approval” from the DFSA, the Applicant must incorporate/register the entity with the DIFC Registrar of Companies (ROC). • The DIFC ROC grants the Commercial License and Certificate of Incorporation/Registration in approximately 1 to 2 weeks time. The receipt thereof will allow the DIFC Entity to open a local bank account and to which account the regulatory capital must be deposited. • Confirmation that the DIFC Entity has operational premises in the DIFC or in Dubai (for lack of available premises in the DIFC at present time). The Applicant must provide proof to the DFSA that the foregoing conditions have been complied with for the issuance of Final License. Restrictions on Authorised Firm s in the DIFC • Authorised Firms must not take deposits, deal and offer any products or services in UAE Dirhams; • While UAE Federal Civil and Commercial Laws do not apply in the DIFC, the UAE Federal Criminal Law is still applicable, in particular, the Criminalisation of Money Laundering Act; • Insurance activities in the UAE are restricted to insurance contracts in relation to risk situated outside the UAE and to reinsurance; • All DIFC licensed entities must be situated in the DIFC. At present, there is a shortage of space in the DIFC, however, firms are expected to take their allocated space immediately once it is available. Ancillary Service Provid ers The DIFC intends to attract high-calibre reputable ancillary service providers that offer quality services to support the various types of activities and operational needs of financial institutions. Ancillary Service activities include the provision of Legal Services and Accounting Services. The DFSA expects Ancillary Service Providers (ASPs) to comply with the ASP Module of the DFSA Rulebook, and to complete the ASP Application and Company registration forms. ASPs are subject to an initial Application Fee of US$2000 and an annual fee of US$1000. Sing le Fam ily Off ic e in the DIFC On 2nd September 2008, the DIFC issued the new Regulations which governs the setting up of Single Family Office (“SFO”) in the DIFC. It aims to create a platform for wealthy families to set up holding companies at DIFC to manage private family wealth and family structures anywhere in the world. The Regulations offer distinct benefits to SFOs as they have been granted the privilege to hold and/or manage their businesses with minimal licensing requirements and prudential regulations. Non-Reg ulated Business Entities In order to service financial institutions that intend to offshore/consolidate their mid/back office functions, the DIFC aims to provide an opportunity for the set up of outsourcing business processing activities. These companies are set up as non-regulated DIFC companies. They are required to: • • • Demonstrate to the DIFC that they will add value to the DIFC Complete an Application form and Business Plan (following an initial meeting with the DIFC) Adhere to the regulations of the DIFC in terms of administration The Application and Company Registration Fees are US$20,000 and subject to an Annual License fee renewal of US$12,000 Providing a transparent platform for crude pricing in Middle East and Asia Thomas Leaver, CEO Dubai Mercantile Exchange Riyadh, Kingdom of Saudi Arabia 5th May 2009 Agenda Developments in global crude pricing The role of DME and DIFC in ME/Asia crude pricing 2 As global crude markets have evolved, price discovery has typically taken place through OTC and regulated exchange venues Contract standardization and transparency High •Standardized futures contracts traded within regulated environment Regulated exchanges •Efficient and transparent matching of buyers and sellers through electronic and open-outcry venues •Clearing house guarantees performance of all contracts; virtually eliminating counterparty risk •Unregulated, bilaterally negotiated deals between parties used to manage risk exposures OTC markets •Usually require facilitation by broker community matching buyers and sellers •Bilateral nature of deals exposes participants to counterparty risk Low Source: DME 3 Compared to OTC –based assessments, exchange-traded benchmarks enjoy stronger fundamentals needed for fair and transparent pricing Objective Fair and transparent pricing Critical pillars Enabling environment Fungible, freely tradable commodity Transparent matching of buyers and sellers Sufficient market depth to allow for efficient entry/exit of positions • Efficient access channels • Robust regulatory framework • Proactive compliance and surveillance function Critical requirements to ensure prices directly reflect supply/demand fundamentals Ensure orderly, efficient markets and prevent potential for manipulation 4 Source: DME Exchange-traded benchmarks have been established as the dominant pricing mechanism in the West, in contrast to OTC assessment-driven pricing in the Middle East and Asia Brent - Exchange traded benchmark (ICE) WTI – Exchange traded benchmark (CME/NYMEX) OTC-based assessments in ME/Asia Over the past two decades, price discovery in Western crude oil markets has been based on exchange traded benchmarks (e.g., Brent, WTI); whereas ME/Asia crude oil markets have tended to rely on journalistic assessments of OTC trading 5 Source: DME Agenda Developments in global crude pricing The role of DME and DIFC in ME/Asia crude pricing 6 The majority of Middle Eastern crude exports head to Asia The Middle East accounts for more than 30% of global oil production….. % of Global crude oil production ….. and the majority of these exports head to Asia % destination of Middle Eastern crude exports Rest of world 36% Asia 64% 7 Source: BP statistical review of world energy 2007 DME Oman was launched in June 2007 to bring fair and transparent price discovery to the Middle East/Asia markets New York WTI (Americas) London - Brent (Europe and Africa) Dubai - DME Oman (Middle East and Asia) • DME Oman provides the most fair and transparent mechanism for crude price discovery in the ME/Asia markets, on par with price discovery methodology for Western-destined exports. • The success of DME Oman as a crude benchmark will maintain Dubai’s historic role in ME/Asia crude pricing, putting it on par with established Western benchmarks (i.e., Brent, WTI). Source: DME 8 8 The DME enjoys the fundamentals needed for longterm success First physicallydeliverable ME futures crude contract Over 680 million barrels traded since launch 2 regional benchmark NOCs pricing off the benchmark Over 70 memberships 23 months of active trading Regulated by DFSA and recognized in 22 other jurisdictions 9 Source: DME DME’s shareholding includes blue-chip regional and global entities Core shareholders 25% 25% 25% Strategic shareholders 20% Casa Trading 5% DME Floor Members 10 Source: DME The DME boasts over 70 memberships – and still growing Selected Members 11 Source: DME The DIFC has provided the DME with a best-in-class environment needed to establish a regional crude benchmark • The DIFC was established in September 2004 as a global financial center serving the vast and fast-growing region between Western Europe and East Asia • Since its inception, DIFC has attracted global financial institutions by providing first-rate facilities and world-class regulatory regime in the form of the Dubai Financial Services Authority (DFSA) • By establishing itself within the DIFC, the DME benefited from 1) access to a global community of commodity players located in the DIFC; as well as 2) world-class oversight by the DFSA, thereby ensuring credibility of DME Oman as a regional benchmark Source: DME 12 As the primary regulator of DME, the DFSA plays an instrumental role in ensuring fair and transparent price discovery in ME/Asia crude markets DME regulators • DFSA is primary regulator for the DME (AMI license issued in May 2007) • DFSA robust supervision ensures orderly and efficient markets and prevents potential for manipulation • DME trading cleared by CME/NYMEX and thereby falls under CFTC oversight Role of DFSA in building confidence in DME Oman benchmark • As an internationally-recognized, robust and best-in-class regulator, the DFSA has enabled DME Oman to become the first successful international energy exchange in the Middle East and Asia. • Strong oversight by DFSA has inspired confidence in the contract, providing the base from which the Middle East can become the pricing hub for all commodities produced in the region that have global appeal for price risk management. • CFTC issued “No Action Letter” allowing US-based customers to trade DME contracts 13 Source: DME Disclaimer The information in this document is being communicated by the Dubai Mercantile Exchange Limited (DME), regulated by the Dubai Financial Services Authority (DFSA) and is directed at wholesale customers as defined by the DFSA. The financial products to which the document relates will only be made available to wholesale customers who the DME is satisfied meets the regulatory criteria to be a client of the DME. This document has been prepared solely for information purposes and should not form the basis of, or be relied on in connection with, any investment decision or any contract or commitment whatsoever with respect to any proposed transaction or otherwise. This document was prepared based solely on information obtained from public sources on or prior to the date hereof. The DME has assumed and relied upon, without independent verification, the accuracy and completeness of the information reviewed by us for the purposes of this presentation. No representation or warranty, express or implied, is or will be made to wholesale customers or its affiliates or to any of their respective officers, employees or agents in relation to the accuracy or completeness of the information contained in this document, or any oral information provided in connection therewith and, without prejudice to any liability for fraudulent misrepresentation, no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by any of them in relation to such information. DME and its respective officers, employees or agents expressly disclaim any and all liability which may be based on this document and any errors therein or omissions there from. In particular, no representation or warranty, express or implied, is given as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. Any views contained herein are based on financial, economic, market and other conditions prevailing as of the date of this presentation. This document does not constitute and should not be considered as any form of financial opinion or recommendation on the part of DME or any of its subsidiaries or associated companies. DME’s listing of any new contracts is subject to approval by DFSA and other relevant regulators as well as the fulfillment of the other requirements set out in the DME Rulebook. Furthermore, all clearing and settlement services to be provided by the New York Mercantile Exchange to DME for new contracts is subject to approval by the Commodity Futures Trading Commission. 14

DIFC - Mudara, the Institute for Corporate Governance

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