List of all articles filed under “saudi-arabia-industry” category.
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”.
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).
Saudi Arabia currently produces 55 million tons of petrochemicals but the consumption in Saudi Arabia is 2.5 million tons.
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.
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.
Jamjoom Medicine was established more than 55 years ago. It has been one of the major players in the healthcare industry. Jamjoom Medicine was the first member of the Jamjoom Pharmaceutical Group. Our strategy to preserve and improve the market leadership has always been built around establishing a successful partnership with our suppliers, through mutual business respect, understanding and a focus on customers’ needs.
Marcopolis.net has compiled the ranking of the top lubricant companies in Saudi Arabia. View the list of the largest motor lubricant, specialty lubricant and industrial lubricant manufacturers in Saudi Arabia. The largest companies are companies are Petromin, followed by Shell and Fuchs.
The Saudi lubricant market represents 420 thousand metric tonnes. The emerging markets now consist of the Middle Eastern markets and the African markets. These are set to increase by 3.2% per year for the next 5 years or until at least 2019 according to the latest studies.
How easy is it to do business in Saudi Arabia? Basically, once you get the knack, you are in it for life. It is always difficult at start. I wouldn’t recommend somebody to jump into starting business immediately. I am talking about foreigners. Of course, if you are a local, you already know your way around. It is a very competitive, open business environment, provided you have all the requirements of any business anywhere in the world – the right offer, the right price, the right quality. That’s the same anywhere else.
Mezahem H. Basrawi, CEO of Alhamrani FUCHS Petroleum, talks about the strategic priorities for the company.
