BML Istisharat, a leading provider of core software solutions for banking and insurance sectors, as well as application software development for manufacturing and distribution companies, continues to supply international institutions with their advanced products and services.
“I believe it is time for the private sector to step in and start privatising utilities. Why shouldn’t the private sector start their own power generation plants, where they can have their own utility generation units making 200 to 500 megawatts, which they sell to the government or to the electricity authority?,” asks Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“(It) is a continual process of adjustment. The regulations, laws, and by-laws all have to be meshed together, fine-tuned, and improved, and that doesn’t happen overnight. We hope that entities like SAGIA, SIDF, MODON, are slowly shifting from their previous stand to better stands,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“The challenge is the bureaucracy and legislation for establishing ventures in Saudi Arabia… it should take weeks, but instead it takes months. There is a big demand for industrial zones. MODON is working very hard to supply these areas, but still, the demand exceeds the supply,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“Al-Khafrah Holding Group is a privately owned company, established by Sheikh Mubarak Al-Khafrah. We have multi-departments and sections responsible for renewable energy, industrial investments, real estate development and property development,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“There are so many industrial products worldwide that you cannot count them all. However, if you are seeking new products, then Saudi Arabia is the place where you can implement the industrialisation of new products,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“So many people are coming to Saudi Arabia because they know that there is going to be demand for 43 gigawatts of renewable energy in Saudi Arabia by the year 2030,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
$530 million Anthony (Tony) Fernandes, born in Kuala Lumpur, is a top Malaysian entrepreneur and ranks #33 on Forbes’ richest in Malaysia, with an estimated net worth of $530 million. Fernandes has been voted as Marcopolis’ number 2 most powerful business man in Malaysia.
$2.9 billion — With net worth $2.9 billion, according to Forbes, Al-Bukhary was ranked as Marcopolis’ #1 most powerful business man in Malaysia.
$9.7 billion — Ananda Krishnan, according to Forbes, has a net worth of 9.7 billion dollars, and ranks #2 in Malaysia’s richest, and #129 in the world. Krishnan has been voted as Marcopolis’ number 3 most powerful business man in Malaysia.
