Saudi Arabia Innovation - MarcoPolis

Increased military spending to boost manufacturing and knowledge sectors creating advanced jobs and further diversifying Saudi economy

August 11, 2015

The top three largest defense spenders in the world are the US, Russia, and China. According to 2014 figures compiled by the Stockholm International Peace Research Institute, Saudi Arabia comes in as a close fourth, having spent an estimated $80.8 billion dollars up by 17% from 2013.

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Internet Banking in Saudi Arabia

February 13, 2015

“Saudi Arabia, being a very young and very technology-savvy society, is an ideal ground for Internet banking. What we have seen is very fast-growing usage of our internet banking channels, and even faster growth of our mobile applications,” explains Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank.

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Zain – A Leading Telecom in Saudi Arabia – Standing out of the Connected Crowd

February 10, 2015

With a total population of approximately 30 million people, the oil state “is a very dynamic market,” Hassan Kabbani, the CEO of Zain KSA, told Marcopolis in an exclusive interview. “There is a very high level of mobile penetration, reaching more than 180%, and very high level of Smartphone penetration.” Such figures are rare in the emerging markets, but typical for the Gulf Arab oil states with its low population density, but huge distances between the different cities and villages.

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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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The Largest Integrated Dairy Farm in the World Is in Saudi Arabia

February 4, 2015

“Integrated dairy farm means having all activities in one location which includes the feed production, raw milk production and cattle management, together with processing and factories,” says Ali O. Al-Rakban, CEO of Al Safi.

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Investing in Saudi Arabia: Food Production With Efficient Water Consumption

February 4, 2015

“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.

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AEC: A Leading Technology Company with ICT and Defense Capabilities

July 24, 2014

Advanced Electronics Company (AEC) was one of the companies created under the auspices of the Saudi Economic Offset Program, which originally started in the mid-1980s. The company focused on critical technologies and dedicated itself to defence electronics, later on spreading into other areas such as ICT and industry (power and energy).

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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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AEC Discusses Developing ICT Capabilities

July 24, 2014

Advanced Electronics Company (AEC), a leading manufacturing company operating in military, telecom and industrial sectors, discusses their strategy to develop ICT capabilities in Saudi Arabia.