“Real Estate Market in Saudi Arabia is Stable” says Alargan
The market is still stable. The prices in Saudi Arabia, especially in the areas where we work, in the Western Central region and in the Eastern provinces are still stable.
List of all articles filed under “saudi-arabia-interviews” category.
The market is still stable. The prices in Saudi Arabia, especially in the areas where we work, in the Western Central region and in the Eastern provinces are still stable.
Looking forward into 2016, we are looking forward to a busy year. In our 11-year history, 2015 was our busiest year.
Al Saedan has been in the real estate business since 85 years and evolving since then but the past forty years when my father started the company as the first generation developing infrastructure developments.
Women’s participation in the economy comes under a few sectors. For a long time we have had women participating in family business because of course a lot of women inherit the business from their father with their brothers and the rest of the family. In that sense women are active in either overlooking or becoming shareholders and many times becoming board members of the family business. However, we do not have enough female board members in the family businesses.
Doing Business in Saudi Arabia is getting harder, but it is well organized. At least now there is a law how to reach a certain amount of Saudization, a certain percentage allocated to each sector. If you match it, you can get your visa.
Arabic Bayan Institute for Teaching Arabic is a specialized school teaching Arabic language using the most innovative and revolutionary method proprietary to the institute.
It’s very clear that the family business in Saudi Arabia is dominant in general for the economy. The future of the family business has to be improved and developed to meet the challenges, which is technology and many other things.
The term we use is “Beit Binzagr” as opposed to Binzagr Group. “Beit Binzagr” is a house, in Jeddah that means a trading house. A number of other merchant families would also refer to themselves as “Beits”.
The challenge at FDI, is how to bring foreign direct investments into a country with a troubled neighborhood. But as one of the emerging market powers, the public equity is going to be opened in Saudi Arabia in the middle of this year.
Education has been the governmental priority for some time now, since the days of the late King Abdullah. A lot of resources have been invested in education. I believe this is the right way for the country to develop. The most important thing in the sector is the type of education the country needs. We certainly need more practical and applied education, rather than theoretical education. Now, we need industries, we need doctors and engineers. We need applied, practical and scientific education.