The increase in the expenditures in healthcare has been dramatically higher over the past decade, from about 3% of GDP to about 7% of GDP. That is significant; if we continue on that path soon enough we will be getting up-to the 15% or even 20% level and that would be a huge burden for the government.
King Fahad Medical City is one of the largest medical complexes in the world. Most of it began a long time ago in the ‘70s when the idea was first formulated and then the building commenced in 1983. It became operational in 2003 and now after a decade of operation it has become one of the benchmarks in the Middle East and we have the vision to become an international benchmark.
Lebanon based BML Istisharat a globally recognized provider of Banking, Insurance and ERP software products has landed two new deals with leading regional banks: Bank of Beirut and Lebanon & Gulf Bank.
The value of projects planned or underway in the Kingdom increased by 90% in April 2014. The projects under construction are estimated to be worth USD 727 billion. A recent report issued by NCB, however, described a decrease of 25% in total value of the awarded contracts.
Saudi Arabia has one of the most advanced infrastructures in the Middle East. It is now time to utilise this infrastructure. The operators use up to 30% of networks capacity but the remaining 70% remains idle.
The real estate sector is regarded one of the dynamic sectors in development, it is a target sector for all community segments and a safe channel because it depends on a set of pillars that depend on the strength of KSA economy, and the urgent demand for housing units. Now we can see that the percentage of KSA youth under age of 30 is about 70% of population, accordingly all those youth need houses. According to the recent statistics, the demand for housing units in the KSA is more than 200,000 housing units per year.
Shaker is in the retail and project market. We supply durable goods, mainly air conditioning through our partnership with LG and also home appliances with Whirlpool Group & Midea Group. This has been the story of Shaker for the past 60 years. We hold a dominant position in that market, especially in AC.
For the past 44 years Joe Faddoul founder, Chief Executive and Chairman of BML Istisharat has been a leading player at the vanguard of Lebanon’s technology sector.
Al Yamamah University (YU) is a relatively new, fully accredited private university of about 2000 students in the Kingdom of Saudi Arabia (KSA).
Dr. Khaled Biyari, Group CEO of STC talks about the latest telecom and ICT market trends in Saudi Arabia and how is STC responding to them.
