Doing business in Saudi Arabia: viewpoint by Bahra Cables
Talal K. Idriss, CEO of Bahra Cables talks about doing business in Saudi Arabia and challenges.
imported 2024-03-17 17:43:06
Talal K. Idriss, CEO of Bahra Cables talks about doing business in Saudi Arabia and challenges.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about foreign direct investments and doing business in Saudi Arabia.
Ian Barrow, general manager of DoubleTree by Hilton Hotel Kuala Lumpur talks about Malaysia being a leading business tourism destination.
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.
Egypt is the world’s largest importer of wheat, at around 10 million tons per year. Unfortunately, due to the lack of sufficient or proper storage conservative numbers by the government estimate around 30% of crops are wasted. Blumberg Grain has a solution.
Marriott International is reaffirming its commitment to the revival of Egypt’s tourism sector through the regional announcement of the #Activ8Egypt campaign.
Set amongst 6 acres of beautifully lush gardens in a privileged location on an island on the River Nile, the Cairo Marriott Hotel and Omar Khayyam Casino truly boasts a unique, extraordinary setting. Comprised of two twin towers connected by a stunning garden promenade that flanks the historical Royal Palace Al Gezira, the hotel is a distinctive blend of tradition and elegance with contemporary facilities and amenities.
Saudi Arabia currently produces 55 million tons of petrochemicals but the consumption in Saudi Arabia is 2.5 million tons.
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.
EIPICO (Egyptian International Pharmaceutical Industry Company) is the leading pharmaceutical company in Egypt.