ICT sector in Saudi Arabia: investments, challenges and opportunities
Mohammed A. Alabbadi, General Manager of Cisco talks about the ICT sector in Saudi Arabia.
imported 2024-03-17 17:43:07
Mohammed A. Alabbadi, General Manager of Cisco talks about the ICT sector in Saudi Arabia.
“The total investment up to now in our estate exceeds 250 million US dollars. The goal is to reach 600 million US dollars by the end of developing the whole area of our estate.”
Paddy Padmanathan, President and CEO of ACWA Power talks about the progress towards renewable energy in Saudi Arabia.
Pedro Macaringue gives an overview of the legal system in Mozambique and presents Ope Legis, a law firm specialized in corporate law and commercial law. The firm takes care of all the documentation required to invest and operate in Mozambique, assisting the clients and helping them to launch their businesses and settle their headquarters.
Raimundo Maico Diomba mentions some investment opportunities in the Province of Maputo in areas such as agriculture, industry, tourism, transport…
Public debt in Saudi Arabia is among the world’s lowest, with a gross Debt-to-GDP ratio of less than 2% in 2014 and is expected to be around 6% by the end of 2015. The transportation mega projects will lead to economic activity and growth, plus the hospitality projects around Mecca and Medina.
Definitely the taxation on the lands is a hard issue now. We are expecting this legislation to take some time but if they implement it well, it will help the sector. This is not the only thing that will help housing especially for low income people.
Over the past five years Zara Investment Holding opened of one of Jordan’s most beautiful resorts – the Movenpick Resort and Spa Tala Bay in Aqaba. This was a U$80 million project and proved to be a huge success.
“The main sectors are real estate, both for sale and long term asset generation i.e. hotels and office buildings; for immediate sale we have residential apartments, houses and land,” explains Ian Morris, Managing Director of TEDC Trasacco Estates Development Company.
Júlio Pedro Sitoe, Administrator of World Despachos, discusses the development of imports and exports in Mozambique and explains why it is a good thing to bet on the country in terms of doing business and investments.