imported 2024-03-17 17:43:06
Mona Almoayyed explains what are the competitive advantages of leading conglomerate Y K Almoayyed and Sons, and talks about the impacts of COVID on the Group. She also discusses her involvement in women’s rights, migrants’ rights, workers’ rights and environmental works in Bahrain as part of her participation in the Shura Council, and explains what makes the family business unique.
“FROT Group is the umbrella under which we operate in different sectors. We have 4 different active subsidiaries right now.”
Yusuf Manji from Quality Group, a leading conglomerate in Tanzania, gives his assessment of the economic development of the country.
Yusuf Manji, Advisor Extraordinary & Plenipotentiary to CEO and Chairman of the Governing Council of Quality Group, talks about the role Quality Group has played in the overall development of Tanzania.
“Tolaram Group has had a very exciting journey in Nigeria. A good journey. Tolaram Group has been here for 40 years.”
It’s very clear that the family business in Saudi Arabia is dominant in general for the economy. The future of the family business has to be improved and developed to meet the challenges, which is technology and many other things.
Emad K. Mukhalalaty, managing director of Altaaqa talks about Zahid Group. Zahid Group is one of the largest family owned conglomerates in Saudi Arabia.
Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.
MENA Holding was established in 1991. Currently, it has a capital of 66 million Kuwaiti Dinar. We have a diverse portfolio, which includes real estate development, contracting, family entertainment, industrial sector, logistics, agriculture and fisheries. Recently, we expanded into the area of food and beverage sector.
Dr. Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group
MIDROC Ethiopia Technology Group reached more than 5 billion Birr of sales in 2013 (as oppossed to 3.5 billion Birr three years ago) and currently employs about 7,000 workers. The main factor for the group’s success is the sale of gold…
