The Role of Chambers of Commerce in Developing and Improving Endowment Management: A Case Study in Makkah Almukarramah

Abstract

The study aimed to analyze the reality of the contribution of Chambers of Commerce in developing and managing endowments in Mecca, identify potential areas of cooperation between the Chambers of Commerce and endowment authorities, and explore the main obstacles limiting this institutional role. The study relied on a descriptive-analytical approach and included a sample of 40 employees from the Mecca Endowments Authority. The findings indicated that the Chambers of Commerce play an effective role in developing the management of endowments in Mecca, with a mean score of 3.40 and strong statistical significance (p = 0.000), reflecting a tangible contribution to enhancing endowment management efficiency. Moreover, cooperation between the Chambers of Commerce and endowments contributes to improving the quality of financial and administrative processes by enhancing decision-making mechanisms, increasing transparency, and supporting investment orientation in endowments. Additionally, training and consultancy programs improve the capacity of endowments to manage their investments more effectively and support the development of staff skills in administration, finance, and endowment investment.