Chambers of Commerce During the Reign of King Khalid bin Abdulaziz Al Saud (1975–1982)

Abstract

This study examines King Khalid bin Abdulaziz Al Saud's economic policies (1975-1982) and their impact on the Saudi Chambers of Commerce. Moreover, chambers' services to relevant bodies, especially merchants, are evaluated. King Khalid's economic strategy was studied to establish its goals and impact on the private sector in the Kingdom. This monetary policy also affected the performance and expansion of these chambers and the "Council of Saudi Chambers." The study underlined chambers of commerce's critical roles in supporting Saudi Arabia's sustainable growth and boosting the economy. The study looked at chambers' communal responsibilities. King Khalid's methods to merge chambers of trade, industry collaboration, and exchange expertise and experiences were also evaluated. This strategy improved the Saudi economy and community. Based on the study's conclusions, several recommendations were made, including identifying the main pillars of the Saudi economy, supporting relevant research and chambers of commerce, and activating the role of chambers of commerce in aiding businessmen & investors.