imported 2024-03-17 17:43:08
In 1994, we saw that the infrastructure in Saudi Arabia needed a lot of development; therefore, we built our own company to capitalize on this opportunity.
Mohammed Al Hammouri, Deputy GM of Saudi Pipe Systems Co. talks about doing business in Saudi Arabia and the infrastructure.
Mohammed Al Hammouri, Deputy GM of Saudi Pipe Systems Co. talks about strategy and certifications.
We have two issues here. As you said, there are many new laws, but there is also development. There has been substantial development of the e-platforms in Saudi Arabia for interacting with the government and that has substantially eased the burden when it comes to operations. Most of the materials that we deal with here in Saudi Arabia are available locally.
I think this is a transit period and that probably over the next 6 to 9 months it will recover again. However I see big potential in the African and North African market. This will be our focus for next year.
L’Azurde started in Saudi Arabia 35 years ago. We have expanded to become the largest gold and jewelry manufacturer in the Middle East and North Africa region. We are the fourth largest in the world. This has happened thanks to continuous investments in technology, innovation, and manufacturing. Today, we invest in talented people and machines. We have more than 2,500 craftsmen and more than 600 different kinds of machines developing jewelry.
Shaker is in the retail and project market. We supply durable goods, mainly air conditioning through our partnership with LG and also home appliances with Whirlpool Group & Midea Group. This has been the story of Shaker for the past 60 years. We hold a dominant position in that market, especially in AC.
BML Istisharat, a leading provider of core software solutions for banking and insurance sectors, as well as application software development for manufacturing and distribution companies, continues to supply international institutions with their advanced products and services.
How easy is it to do business in Saudi Arabia? Basically, once you get the knack, you are in it for life. It is always difficult at start. I wouldn’t recommend somebody to jump into starting business immediately. I am talking about foreigners. Of course, if you are a local, you already know your way around. It is a very competitive, open business environment, provided you have all the requirements of any business anywhere in the world – the right offer, the right price, the right quality. That’s the same anywhere else.
Pascoal Iannoni presents Flexform, a company which started in the office armchairs market 50 years ago, and is now one of the leading companies in the furniture sector in Brazil, with over 500 employees.
