imported 2024-03-17 17:43:07
Bader Saad Al Shaya, VP Marketing and Sales of Solidarity Takaful
Previously there were about 90 insurance companies; now there are around 35 and all of them are licensed and controlled. Lots of major steps have been taken in terms of regulations and in terms of controlling the market.
Gary M. Lewin, CEO of AXA Cooperative Insurance Company
The big differential here in Saudi Arabia is the demographics: it is a very young population and it is the largest population in the Middle East and among all the states in the Gulf. From an AXA Group perspective, this is where we see huge growth potential.
The market for environmental services in Saudi Arabia is big and it is booming. Many companies have invested in Saudi Arabia particularly in the oil and chemical sectors. Therefore, there exists a great need to dispose of the waste products from these industries in order to protect the environment.
Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate
In real estate, we have many companies, one of which is Ra-yek Real Estate. We have developed many projects including Sky Towers and Nakheel Towers. We are working on another project, which will be the Riyadh Towers, and is due to begin construction in 2015 or early 2016 and should be concluded by 2017.
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.”
