Dr Abdulmalik Al Husseini, CEO of ARASCO
Our previous policy to become self-sufficient in wheat resulted in extremely high consumption of available water resources. Subsequently the Government has taken steps to phase out wheat cultivation by 2016.
The real estate sector in Saudi Arabia has been one of the major economic supports for the economy of the country for at least the last two decades. The outlook for the real-estate sector is positive. There will be tremendous growth. Within the last three years, there was almost 300% growth in the real estate market, and in projects and development in general.
Dr. Mohammed H. Al Kathiri, Secretary-General of Riyadh Chamber of Commerce and Industry
The Saudi economy in general has been growing over the last few years and is going to continue growing according to statistics from the Ministry of Economy and Planning and in view of what’s going on in the region. Saudi Arabia is the largest economy in the region and is a member of the G20; it is one of the world’s leading oil producers and exporters and the largest producer of petrochemicals in the Middle East.
North Bank is the leading and largest bank in Iraq (Private). Mr Al-Jaff provides his latest overview of the banking sector in Iraq and he also discusses North Bank’s performance throughout 2013, current expansion plans for Iraq and Iraqi Kurdistan, and a project with Asiacell (Asiaviolet)―among others.
Kurdistan Sector Analysis
North Bank – Iraq’s Largest Bank (Private) — is in good position for continued high growth
For Nozad Dawood Fattah Al-Jaff, chairman of North Bank, the goal is to be not only the largest bank in Iraq, but to be recognized as a strong regional player as well.
Kurdistan Sector Analysis
Iraqi Banking Sector to grow with the Economy — 151 percent between 2011 to 2020
As Iraq finds itself soon midway through 2014, the banking sector has grown markedly in the previous year term, with established names getting larger and new names entering the field.
In 2013, RICEC was able to attract more than 1 million visitors, 3,200 exhibitors – 60% of whom were international exhibitors. As for the outlook, Alomran optimistically states: “We expect from now until 2017 to have growth of around 10 to 17%, mainly in Riyadh. There will be more projects happening and venues opening around the Kingdom. Overall, there will definitely be growth of over 10% here.”
Riyadh is the capital city and is one of the most important and populated cities in Saudi Arabia. We have more than 5 million people living in Riyadh. With the launch of the Riyadh International Convention and Exhibition Centre (RICEC) in 2009, the MICE sector started to grow more and more as this centre encouraged more people to come to Saudi Arabia for such purposes.
One of the pioneering companies in the business tourism segment is Riyadh International Convention and Exhibition Centre (RICEC). Business tourism is booming with the total revenue generated by conference and exhibition visitors to the Kingdom of Saudi Arabia in 2012, reaching USD 2.3 billion and 3.2 million exhibition and conferences visitors.
The strategy for AXA Cooperative Insurance Company is to be among top 5 insurance companies in the next few years.
