List of all articles filed under “saudi-arabia-economy” category.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about foreign direct investments and doing business in Saudi Arabia.
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.
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).
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.
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.
Loay H. Nazer, Chairman of Nazer, talks about the economy in Saudi Arabia.
Jamal J. Malaikah, President and COO of NATPET, discusses the diversification of the economy in Saudi Arabia.
Jamal J. Malaikah, President and COO of NATPET, talks the role of petrochemical industry in Saudi Arabia.
“We have seen very interesting growth in this market over the years. Compulsory insurance picked up very quickly and this has really boosted our growth. Going forward, our growth depends on whether any new compulsory products are introduced to the market,” explains Raeed A. Al-Tamimi, CEO of Tawuniya.
“Most people do appreciate the need for insurance. Once people start using these insurance services they tend to see the benefits and are happy to continue purchasing insurance. At the same time, we need the enforcement to kick in properly,” explains Raeed A. Al-Tamimi, CEO of Tawuniya.
