Real Estate is Second Largest Sector in Saudi Arabia after Oil
Mohammed S. Alkhalil, President of FAD Investment & Development
Real estate is a major issue in Saudi Arabia. It is the second largest sector after oil and gas.
List of all articles filed under “saudi-arabia-investments” category.
Mohammed S. Alkhalil, President of FAD Investment & Development
Real estate is a major issue in Saudi Arabia. It is the second largest sector after oil and gas.
Dr. Boutros Klink, CEO of Standard Chartered
Saudi Arabia, compared to the other nations in the GCC, has the largest population. It also has the largest local population. So the demographics mix is different. In the credit card industry, the way we deal with the customer base is very different because we are able to build long term relationships with the customers and service their needs as their requirements grow throughout their life cycle.
“If you look at the liquidity (petrodollars) which is coming into the country, it’s huge. This liquidity must find some channels to go into. Real estate went up in a very substantial way,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
“I believe that in some areas there is a potential for growth – Mecca, for example, or Medina, because the government is trying to make huge expansions for both Holy Mosques. The thing is that for those people who invest in Mecca, they cannot just go to invest in other places,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
“The big investment opportunities in agriculture will be in the food production with efficient water consumption. Greenhouses is an opportunity and different types of research to utilize seawater in agriculture could be an opportunity,” says Ali O. Al-Rakban, CEO of Al Safi.
Emad Al-Shamma, CEO of Al Khafrah Group Holding
We are investors and developers. The concepts that we operate in are very simple; we would like to see the proper industrialisation of Saudi Arabia by bringing new technology into the country. We are not using a copy and paste concept; instead, we are being very innovative.
“I believe it is time for the private sector to step in and start privatising utilities. Why shouldn’t the private sector start their own power generation plants, where they can have their own utility generation units making 200 to 500 megawatts, which they sell to the government or to the electricity authority?,” asks Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“There are so many industrial products worldwide that you cannot count them all. However, if you are seeking new products, then Saudi Arabia is the place where you can implement the industrialisation of new products,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“So many people are coming to Saudi Arabia because they know that there is going to be demand for 43 gigawatts of renewable energy in Saudi Arabia by the year 2030,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
The Saudi Arabia’s cabinet authorized the Capital Market Authority to allow foreign investors to buy and sell stocks on the Saudi stock market.