“If you look at the liquidity (petrodollars) which is coming into the country, it’s huge. This liquidity must find some channels to go into. Real estate went up in a very substantial way,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
“This is a great market; we are at an extraordinary point where everything is moving towards all-data and mobile broadband so that users can be connected all the time,” says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
“The Egyptian telecoms market is very large and very young. It is a growing market,” says Mohammed Elnawawy, Managing Director, CEO and Head of Customer Care of Telecom Egypt.
“We only have 19 banks in total and the aggregate branch size of these 19 banks is about 1,700. This number of banks has only been achieved in the last four years and before that there were only about 600 branches. It is in a fast-growing stage and I’m sure the future will also be good because the market is still untapped,” notes Abie Sano Mehamed, the president of Oromia International Bank.
Young people make up one-third to one-half of the population of the GCC countries, presenting GCC governments with an opportunity to propel their nations forward.
