The Saudi Commerce Minister Osama Al-Faqih urged the international community to reach consensus on judicial measures and codes to regulate world-wide e-commerce.
Speaking at the 1st Saudi E-Commerce Forum this week, Al Faqih said Saudi Arabia would soon choose and impose the appropriate technical mechanisms to boost the kingdom's e-commerce activities. According to Al-Sharq Al-Awsat daily, legal and administrative issues dominated the activities of the forum, which opened this week in Riyadh. More than 400 figures attended the first meetings, including government officials, businessmen and information technology and computer specialists.
Additionally, Al-Faqih encouraged the local private sector to begin seizing the opportunities offered by electronic-commerce. Moreover, the Saudi minister urged local banks to develop their electronic payment mechanisms or risk being overtaken by competitors.
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