imported 2024-03-17 17:43:07
The outlook in health insurance industry is that it’s expanding. There was a study in 2012 that found the demand in health services and health insurance services in Saudi Arabia would expand 100% in 2019, which is a huge figure that requires a lot of efforts and changes to CCHI, and overall quality of health insurance companies and providers.
The State wants to make Ivory Coast into a power hub. So, in our industry, it is very important to be besides the State to accomplish this. We are ready to mobilise resources and financing for these infrastructures, but also for the management of these infrastructures.
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.
The Saudi Arabian commercial real-estate market has been booming in the last decade. There has been an increase in the value of commercial properties and malls. Every year, there are almost 200,000 GLAs in major cities like Riyadh, Jeddah, and Dammam. There is a lot of demand since 2004 and right up to 2017.
For Ivory Coast that’s an 8 to 9% growth that should last for a few years, but I think that we, the Central Bank and regional authorities, should make more efforts to further strengthen banks’ equity, so that we have the real capacity to support the economy.
Pour la Côte d’Ivoire, on connait une croissance de 8 à 9 % et cela devrait durer au cours des prochaines années, mais je pense que nous, la Banque Centrale et les autorités de la région, devrons faire plus d’efforts pour demander à ce que les fonds propres des banques soient encore renforcés, de sorte que nous ayons la capacité réelle d’accompagner l’économie.
Due to the water scarcity, there has been a drop in the development of the agricultural sector in Saudi Arabia. Over the past 12 years, cereal production in Saudi Arabia has almost dropped to zero. The export of open field agriculture has been banned. Farmers can no longer export open field fruits or vegetables.
Our group has been in the pharma industry for more than 25 years. We have been quite successful. We have partners who have contributed a lot to the pharma industry. In 2014, our turnover was almost SAR 2 billion. Recently we realized there was a need in the market, and among our partners, for local manufacturing.
The Saudi Fund started in 1975. We are now dealing with more than 80 countries. So far, we have successfully implemented 500 projects. Our capital value is 30 billion Saudi Riyal, which is equivalent to 8 billion dollars.
The figures can be deceiving. You might hear figures like 300 or 400 billion. Desalination is a very tough business that requires a lot of engineering. Even if you have resources, you have what are called ‘technical capacity limitations’ and you need to do an environmental impact study. So there are other factors that dictate the uncontrolled expansion of the desalination market. Several issues need to be taken into consideration including environmental impact, engineering capabilities, the availability of first class EPC contractors etc.
