Sunday, 20 October 2013

Pilgrims inject 1bn Saudi riyals into textiles market during hajj

Saudi Gazette, Jeddah: The Chairman of the ready-made Clothes and Textiles Committee in Jeddah Chamber of Commerce and Industry (JCCI) Muhammad Al-Shehri has estimated the volume of pilgrims’ spending during the current hajj season to purchase clothes and fabrics at over 1 billion Saudi riyals.

This was injected in the clothes market in Saudi Arabia, the volume of whose investments are estimated at SR10 billion.

Al-Shehri said the pilgrims will spend about SR1 billion during the Tashreeq days in Makkah, Jeddah and Madina.

He announced a drop in the percentage of counterfeit textiles and clothes that violate the specifications and standards in the Saudi market by 70 percent during the current hajj season due to the rectification campaigns that the market witnessed before the Haj period.

These campaigns are continuing till now. He said this period has helped in the exit of a big number of expatriate workers, who were promoting old clothes and those violating the standards and specifications at the lowest prices. They used to attract many customers. Continue Reading ...