List of all articles filed under “saudi-arabia-interviews” category.
The market contains around 480 aircrafts. It is expected to double to about 1000 in 2020. Saudia Private Aviation has the best knowledge in this field. We built out biggest and largest FBO in Saudi Arabia for private aviation.
Right now the real estate market is facing a lot of changes. The Minister of Council has announced that he will charge a fee or levy tariffs on the white lands. This gives rise to a lot of rumors. People are not sure about the future of the real estate market.
We don’t have a clear vision of what is going to happen. In order to do product planning you need data and unfortunately accurate data is not available in Saudi. If you want to plan for the next five years you need to know how many houses are going to be built, how many exist, how many are going out of the market, how many permits have been approved etc. all of this data is not currently available or it is available but it’s not accurate.
In addition, according to Ninth Development Plan by Ministry of Economic & Planning, increasing life expectancy (74 years) which is leading to an ageing population in need for specific and costly health services (> 60 years are growing from 4% to 7% in 2020).
Every brand has the potential to go global, if it is strategically set to be. Some brands just have the ambition of being regional or local. If they go global, they may lose their value. It depends on how they are positioned and what they offer. However, I agree with you that even on the regional level, many brands could be much bigger.
The annual growth of the MRO sector in the Middle East is 6.7%. This is the highest growth rate in this sector anywhere in the world. The growth of the aviation sector in Saudi Arabia is slower, this is because of the lack of MRO facilities.
Saudi Arabia currently produces 55 million tons of petrochemicals but the consumption in Saudi Arabia is 2.5 million tons.
In 2014 we tendered many projects. Our record is, we submitted 11 tenders between 2013 and 2014, losing only 1 bid. So we enter 2015 with 10 new projects on hand.
The outlook in health insurance industry is that it’s expanding. There was a study in 2012 that found the demand in health services and health insurance services in Saudi Arabia would expand 100% in 2019, which is a huge figure that requires a lot of efforts and changes to CCHI, and overall quality of health insurance companies and providers.
What is interesting about doing business in Saudi Arabia is the continuous growth pattern in the economy; that’s what makes it interesting, not only in the short-term, but in the long-term. Saudi Arabia’s economic growth is driven by its demographics: we are a young and growing population, a big and spacious country (around the size of Western Europe), and relatively undeveloped in many infrastructure areas.
