Agriculture: Saudi Arabia not suitable for agriculture due to lack of water
The agricultural sector needs to start looking for items or products that are suitable for our weather, soil, and water resources.
imported 2024-03-17 17:43:07
The agricultural sector needs to start looking for items or products that are suitable for our weather, soil, and water resources.
MCC was founded by Mohammed Y. AlHammouri in 1978 as one of the leading suppliers of quality mechanical and chemical materials in the region. Mechanical & Chemical Supplies Co., Ltd. (MCC) is one of the leading distributors of electromechanical products in the kingdom of Saudi Arabia and other GCC countries with over than 36 years of experience, specializing in the supply and distribution of plumbing systems and sanitary accessories for both private and governmental projects. Where we constantly work on structuring dedicated employees whose primary goal is to meet the needs of our customers and to provide services with high quality standard.
Jamjoom Medicine was established more than 55 years ago. It has been one of the major players in the healthcare industry. Jamjoom Medicine was the first member of the Jamjoom Pharmaceutical Group. Our strategy to preserve and improve the market leadership has always been built around establishing a successful partnership with our suppliers, through mutual business respect, understanding and a focus on customers’ needs.
Itqan Capital is a Sharia Compliant company focusing on four main lines of business, Asset Management, Principal Investment, Investment Banking and Custodial Services.
The group has in total some 6 or 7 thousand employees. We have a yearly consolidated turnover from all of the group companies in the order of 3.5 to 4 billion riyals. Due to the nature of our equipment, we have a very significant fixed asset base because in our marine business we are running more than a hundred marine construction vessels.
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.
Doing business in Saudi Arabia has become more regulated. That is one of the reasons why have such split views. The role of SAGIA, the investment authority, has become more active. They are supervising the investors, checking whether the investors with license are really active or not.
The capacity of our economy to absorb more Saudi talents is real, but we cannot only rely on the government, the private sector has a crucial role to play here. Until now, there has been a general belief that only the government is responsible for employment and job creation. But I believe that the government and the private sector are equally responsible.
The power sector is growing rapidly, at the rate of 7.5% per annum, which is not easy to manage. Today, any power plant, that is just developing, will require 2 to 5 years for it to be ready for production. 50% of the population today is under the age of 20.
“We have 22-23% market share because we’re still the biggest private ISP in Egypt by far and the rest are between 5-7% each. Our major strength has always been that we are a private company – we have more freedom to try new stuff. We hire the best calibers in Egypt, we have 1,200 employees who are all experts in their areas, and we are always open to trying new technology.”