SEDCO: Investment Strategy
Investment strategy of SEDCO.
imported 2024-03-17 17:43:08
Investment strategy of SEDCO.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about foreign direct investments and doing business in Saudi Arabia.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the family business in Saudi Arabia and corporate governance.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
The term we use is “Beit Binzagr” as opposed to Binzagr Group. “Beit Binzagr” is a house, in Jeddah that means a trading house. A number of other merchant families would also refer to themselves as “Beits”.
The challenge at FDI, is how to bring foreign direct investments into a country with a troubled neighborhood. But as one of the emerging market powers, the public equity is going to be opened in Saudi Arabia in the middle of this year.
Education has been the governmental priority for some time now, since the days of the late King Abdullah. A lot of resources have been invested in education. I believe this is the right way for the country to develop. The most important thing in the sector is the type of education the country needs. We certainly need more practical and applied education, rather than theoretical education. Now, we need industries, we need doctors and engineers. We need applied, practical and scientific education.
The market contains around 480 aircrafts. It is expected to double to about 1000 in 2020. Saudia Private Aviation has the best knowledge in this field. We built out biggest and largest FBO in Saudi Arabia for private aviation.
Right now the real estate market is facing a lot of changes. The Minister of Council has announced that he will charge a fee or levy tariffs on the white lands. This gives rise to a lot of rumors. People are not sure about the future of the real estate market.
We don’t have a clear vision of what is going to happen. In order to do product planning you need data and unfortunately accurate data is not available in Saudi. If you want to plan for the next five years you need to know how many houses are going to be built, how many exist, how many are going out of the market, how many permits have been approved etc. all of this data is not currently available or it is available but it’s not accurate.