Invest

imported 2024-03-17 17:43:06

Saudi Arabia: The Kingdom Embraces Change and Reform

Despite Western media relentlessly branding Saudi Arabia an archaic, backwards-oriented Islamic monarchy, the kingdom has done bold steps which aim to get its population back to work by diversifying its energy-oriented economy, empowering women to study work and by embracing the digital age like few other Arab countries.

Doing Business in Saudi Arabia is the Easiest According to Zamil

Abdul Rahman Al-Zamil, Chairman of Zamil Group
Without any hesitation I can tell you that doing business in Saudi Arabia is the easiest of all of these countries. Easy business doesn’t mean only government procedures.

Best Investments in Saudi Arabia According to Blominvest: Mecca and Medina

“I believe that in some areas there is a potential for growth – Mecca, for example, or Medina, because the government is trying to make huge expansions for both Holy Mosques. The thing is that for those people who invest in Mecca, they cannot just go to invest in other places,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.

Allowing Private Sector to Start Renewable Energy Projects in Saudi Arabia

“I believe it is time for the private sector to step in and start privatising utilities. Why shouldn’t the private sector start their own power generation plants, where they can have their own utility generation units making 200 to 500 megawatts, which they sell to the government or to the electricity authority?,” asks Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.

Challenges of Doing Business: Registering a Foreign Company in Saudi Arabia

“The challenge is the bureaucracy and legislation for establishing ventures in Saudi Arabia… it should take weeks, but instead it takes months. There is a big demand for industrial zones. MODON is working very hard to supply these areas, but still, the demand exceeds the supply,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.

Scroll to top
Close