Rapid Development of Saudi Real Estate Market
Majed Al Hogail, Managing Director of Rafal Real Estate Development Co. The government´s plan is based on the Royal decree to develop and provide 500,000 units.
imported 2024-03-17 17:43:07
Majed Al Hogail, Managing Director of Rafal Real Estate Development Co. The government´s plan is based on the Royal decree to develop and provide 500,000 units.
Hassan Kabbani, CEO of Zain KSA
The Saudi telecom market is a very dynamic market. Having worked myself in various countries throughout the region, I know that the Saudi market is also the most important market in the Middle East region.
Dr. Bernd van Linder, Managing Director of Saudi Hollandi Bank
The banking sector in Saudi Arabia is, of course, connected to the Saudi economy, and the economy in the kingdom is doing extremely well on the backdrop of huge public sector investments, as well as growth of SMEs and rapidly expanding middle class.
Emad Al-Shamma, CEO of Al Khafrah Group Holding
We are investors and developers. The concepts that we operate in are very simple; we would like to see the proper industrialisation of Saudi Arabia by bringing new technology into the country. We are not using a copy and paste concept; instead, we are being very innovative.
“The pharmaceutical industry in Egypt is very big. The local pharmaceutical industry covers 97% of consumption. Only 3% is covered by imports. EIPICO exports to 61 countries, including England Germany and Romania, Africa and the Middle East, including Lebanon and Saudi Arabia.”
“Our best approach to achieve our goals quickly was to enter a partnership with a large, leading multinational company. Our first partnership was with BASF of Germany. We then entered a partnership with St. Gobain, for gypsum. We are looking to invest and make up for the 2 or 3 years when we didn’t do anything. For 2015, we have a big program of investment.”
“The asset management business in Egypt is not very familiar. It has a lot of potential to expand over the coming years, because it is very small, but it is growing rapidly, but it is still in its early stages. The growth in assets in the company has a very high percentage. Since the last 3 to 4 years, some companies have grown by 50 % to 70% percent annually.”
“There are about 14 companies under the umbrella of this group. Some are in the industrial fields, some in the surface and some are into trading, some are into real estate and some are into food. Our strongest point is that we specialize in the manufacture of external paints. This gives us a competitive edge.”
“We are in the LPG field and we have six factories in Egypt for filling cylinders of LPG. Our production now is almost between 150,000 – 200,000 bottles per day.”
“Egypt was the second country in the world to produce cinema. When the film industry was started by the two French brothers, the Lumière brothers, immediately the next year, Egypt produced the first Egyptian film in Alexandria.”