List of all articles filed under “saudi-arabia-infrastructure” category.
According to Citigroup (Middle East), approximately 60 percent of all real estate projects worth 3.5 trillion dollars underway or in the pipeline in the Middle East are located in Saudi Arabia and the United Arab Emirates.
Amid ample demand from an ever young and ambitious population, property in the oil-rich kingdom is booming. But the run for climatised square meters in the desert adds fuels inflation in the biggest Gulf Arab country.
Saudi Arabia is the 19th world’s largest economy and the biggest economy in the MENA region. The country is the world’s largest exporter of oil, with an estimated 8,865,000 barrels of oil per day production. The petroleum sector accounts for roughly 92.5% of budget revenues, 55% of GDP, and 90% of export earnings.
Despite Western media relentlessly branding Saudi Arabia an archaic, backwards-oriented Islamic monarchy, the kingdom has done bold steps which aim to get its population back to work by diversifying its energy-oriented economy, empowering women to study work and by embracing the digital age like few other Arab countries.
Abdul Rahman Al-Zamil, Chairman of Zamil Group
Without any hesitation I can tell you that doing business in Saudi Arabia is the easiest of all of these countries. Easy business doesn’t mean only government procedures.
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.
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.
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.
The head of the largest private/independent desalinated water and power producer in the Kingdom of Saudi Arabia and the second largest in the GCC talks about the responsibility of ACWA Power.
Paddy Padmanathan, President and CEO of ACWA Power, talks about the strategic goals for the largest private/independent desalinated water and power producer in the Kingdom of Saudi Arabia and the second largest in the GCC.
