Number one challenge in the insurance sector in Saudi Arabia is awareness
Insurance market in Saudi Arabia continues to face challenges.
Commercial Real Estate Market in Saudi Arabia: Shortage of 1 mln GLAs
The Saudi Arabian commercial real-estate market has been booming in the last decade. There has been an increase in the value of commercial properties and malls. Every year, there are almost 200,000 GLAs in major cities like Riyadh, Jeddah, and Dammam. There is a lot of demand since 2004 and right up to 2017.
Saudi Arabia agriculture: developing high-tech farming
Due to the water scarcity, there has been a drop in the development of the agricultural sector in Saudi Arabia. Over the past 12 years, cereal production in Saudi Arabia has almost dropped to zero. The export of open field agriculture has been banned. Farmers can no longer export open field fruits or vegetables.
AJA Pharma Investing SAR 230 million in Saudi Arabia
Our group has been in the pharma industry for more than 25 years. We have been quite successful. We have partners who have contributed a lot to the pharma industry. In 2014, our turnover was almost SAR 2 billion. Recently we realized there was a need in the market, and among our partners, for local manufacturing.
Saudi Fund for Development: Implemented 500 Projects worth US$ 8bn
The Saudi Fund started in 1975. We are now dealing with more than 80 countries. So far, we have successfully implemented 500 projects. Our capital value is 30 billion Saudi Riyal, which is equivalent to 8 billion dollars.
Desalination market worth SAR 70 bn over the next 5 years
The figures can be deceiving. You might hear figures like 300 or 400 billion. Desalination is a very tough business that requires a lot of engineering. Even if you have resources, you have what are called ‘technical capacity limitations’ and you need to do an environmental impact study. So there are other factors that dictate the uncontrolled expansion of the desalination market. Several issues need to be taken into consideration including environmental impact, engineering capabilities, the availability of first class EPC contractors etc.
Environmental Awareness has Improved but Implementation of Regulations still Weak
In 2006, I brought a solution to Jeddah Municipality – where they produce 7,000 tons of waste per day – and said we’re going to generate electricity and power from that waste. And now, we’re still in negotiations with other authorities to approve this innovation. It takes time, especially talking about mega projects that cost $500 million. We’ll give solutions and generate waste into 100 megawatts can easily give electricity to almost 10,000 households (depending on how big the house is). It’s amazing and good, but it still takes time and investment.
Contracting in Saudi Arabia: Housing Projects a Priority
Rabya was established in 1974 by Sheikh Abdul Kader Alfadl. At the beginning, the goal of the company was to only do landscaping. At that time, the Arabic concept of landscaping was only ‘pure greenery’. The American consultants like Parsons, Vector and Corporate Engineer came in in 1976/77, the word landscaping came to be associated with every construction activity done outside the house.
Agriculture: Saudi Arabia not suitable for agriculture due to lack of water
The agricultural sector needs to start looking for items or products that are suitable for our weather, soil, and water resources.
“Megaprojects in Saudi Arabia on Track” says MCC
MCC was founded by Mohammed Y. AlHammouri in 1978 as one of the leading suppliers of quality mechanical and chemical materials in the region. Mechanical & Chemical Supplies Co., Ltd. (MCC) is one of the leading distributors of electromechanical products in the kingdom of Saudi Arabia and other GCC countries with over than 36 years of experience, specializing in the supply and distribution of plumbing systems and sanitary accessories for both private and governmental projects. Where we constantly work on structuring dedicated employees whose primary goal is to meet the needs of our customers and to provide services with high quality standard.