Khalid Ali (above) Jeddah: Student members of the Committee on Road Transport Chamber of Commerce and Industry in Jeddah, auto insurance companies operating in the Kingdom to reduce prices and to deal realistically with the local market and the importance that there should be a standard contract for all firms certified by the Saudi Arabian Monetary Agency to deal with the transparency and rationality UK road transport sector.
The Committee noted the need to find the average price of insurance, specific to all types of road transport vehicles, and stressed on the need to communicate with insurance companies on this matter to reach the standard rate, which would satisfy both parties.
The Vice-President of the National Committee of Land Transport, Transport Committee Chairman of the Chamber of Said bin Ali Albassami that this issue was discussed with members of the Committee was agreed to require all insurance companies to reduce prices of cars and deal with the domestic market more seriously and realistically.
He added that the transport and communications sector and in particular road transport sectors of the task in advancing the development of the insurance provided for the movement of passengers and cargo domestically and internationally, and played a leading role in pushing the economy and the provision of services to the productive sectors and other service and provides many opportunities for investment and employment is estimated at investment of more than 67 billion riyals, and includes the transfer of a huge fleet of tankers.
The Land Transport Committee, the Chamber of Commerce and Industry in Jeddah last month has revealed the presence of 600 thousand people in the city did not pay the sums of money due to the car rental companies, resulting in significant annual financial losses borne by these companies amount to two billion and 500 million riyals.
She explained that it would conflict with the names of persons to the black list is being distributed to the car rental companies, in addition to that the chamber is working to develop a mechanism with the competent authorities for the collection of amounts owed by the people in the black list, so this will be a black list is the first of its kind in the Kingdom.
The Committee noted the need to find the average price of insurance, specific to all types of road transport vehicles, and stressed on the need to communicate with insurance companies on this matter to reach the standard rate, which would satisfy both parties.
The Vice-President of the National Committee of Land Transport, Transport Committee Chairman of the Chamber of Said bin Ali Albassami that this issue was discussed with members of the Committee was agreed to require all insurance companies to reduce prices of cars and deal with the domestic market more seriously and realistically.
He added that the transport and communications sector and in particular road transport sectors of the task in advancing the development of the insurance provided for the movement of passengers and cargo domestically and internationally, and played a leading role in pushing the economy and the provision of services to the productive sectors and other service and provides many opportunities for investment and employment is estimated at investment of more than 67 billion riyals, and includes the transfer of a huge fleet of tankers.
The Land Transport Committee, the Chamber of Commerce and Industry in Jeddah last month has revealed the presence of 600 thousand people in the city did not pay the sums of money due to the car rental companies, resulting in significant annual financial losses borne by these companies amount to two billion and 500 million riyals.
She explained that it would conflict with the names of persons to the black list is being distributed to the car rental companies, in addition to that the chamber is working to develop a mechanism with the competent authorities for the collection of amounts owed by the people in the black list, so this will be a black list is the first of its kind in the Kingdom.
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