Saudi Arabia Economy - MarcoPolis

Dr. Ahmed Sindi, General Manager of SATCO
The Saudi Arabian economy has taken significant strides. The government has invested a lot of money in building a huge amount of infrastructure, such as airports, cities, and the like. Our company, SATCO, being a classified contracting company with a first classification, stands to benefit significantly from the extensive opportunities in construction in particular and also in other divisions of our work.

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Best Way to Invest in Saudi Arabia is Trough Funds or Swaps

February 6, 2015

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.

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Saudi’s Penetration Rate for Credit Cards is Steadily Increasing, says Amex

February 6, 2015

“The penetration rate for credit cards is certainly lower than cash at present, but it is steadily increasing. I can see over the last eight years there has been a visible shift from a cash economy towards an electronic economy,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.

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Cashless Payments and E-Commerce in Saudi Arabia

February 6, 2015

“There has been a visible shift from a cash economy towards an electronic economy, in terms of cashless payments such as cards and the growth of internet payments and internet banking. It’s growing at an exponential rate,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.

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Saudi stock market opens up to foreign investors

July 25, 2014

The Saudi Arabia’s cabinet authorized the Capital Market Authority to allow foreign investors to buy and sell stocks on the Saudi stock market.

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Knowledge Economy: Key to Diversifying Saudi Arabia

July 24, 2014

Dr. Ghassan Al-Shibl, President and CEO of Advanced Electronics Company (AEC), a leading manufacturing company operating in military, telecom and industrial sectors, stresses the importance of knowledge economy for Saudi Arabia.

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Doing Business in Saudi Arabia: Fundamentals of Saudi Economy Are Extremely Strong

July 24, 2014

“If we look at all the fundamentals related to Saudi economy, I do think we have any other option but to be positive and optimistic about our future,” explains Dr. Ghassan Al-Shibl, President and CEO of AEC, who discusses the economy and doing business in Saudi Arabia in an exclusive interview.

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Ensuring Responsible Power Generation and Water Security in Saudi Arabia

June 8, 2014

Paddy Padmanathan, President and CEO of ACWA Power
The tariff difference between our tender and the next bidder across the board seems to be in the order of about an average of 20%. In practice it means: on one transaction buying 4,000 megawatts for 20 years on a 20-year fixed-price contract in this instance at 24% tariff difference between our tender and the next bidder. That is about $1.2 billion. In effect, that is $1.2 billion of saving to the national economy of Saudi Arabia.

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Saudi Arabia: Private Sector Stronger with Improved Business Environment

June 1, 2014

Dr. Mohammed H. Al Kathiri, Secretary-General of Riyadh Chamber of Commerce and Industry
The Saudi economy in general has been growing over the last few years and is going to continue growing according to statistics from the Ministry of Economy and Planning and in view of what’s going on in the region. Saudi Arabia is the largest economy in the region and is a member of the G20; it is one of the world’s leading oil producers and exporters and the largest producer of petrochemicals in the Middle East.

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Saudi Real-Estate Sector Grew Substantially says Saudi Real Estate Company – Al Akaria

June 1, 2014

The real estate sector in Saudi Arabia has been one of the major economic supports for the economy of the country for at least the last two decades. The outlook for the real-estate sector is positive. There will be tremendous growth. Within the last three years, there was almost 300% growth in the real estate market, and in projects and development in general.