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In addition, according to Ninth Development Plan by Ministry of Economic & Planning, increasing life expectancy (74 years) which is leading to an ageing population in need for specific and costly health services (> 60 years are growing from 4% to 7% in 2020).
Every brand has the potential to go global, if it is strategically set to be. Some brands just have the ambition of being regional or local. If they go global, they may lose their value. It depends on how they are positioned and what they offer. However, I agree with you that even on the regional level, many brands could be much bigger.
The annual growth of the MRO sector in the Middle East is 6.7%. This is the highest growth rate in this sector anywhere in the world. The growth of the aviation sector in Saudi Arabia is slower, this is because of the lack of MRO facilities.
Saudi Arabia currently produces 55 million tons of petrochemicals but the consumption in Saudi Arabia is 2.5 million tons.
Marcopolis ranked the most powerful business leaders in Saudi Arabia. The ranking is based on an executive survey with the top businessmen as part of the business report on Saudi Arabia. Mohammed Abdul Latif Jameel is No. 1, and Saleh Al-Turki, at No. 2, is the second most powerful businessmen in Saudi Arabia.
In 2014 we tendered many projects. Our record is, we submitted 11 tenders between 2013 and 2014, losing only 1 bid. So we enter 2015 with 10 new projects on hand.
The outlook in health insurance industry is that it’s expanding. There was a study in 2012 that found the demand in health services and health insurance services in Saudi Arabia would expand 100% in 2019, which is a huge figure that requires a lot of efforts and changes to CCHI, and overall quality of health insurance companies and providers.
Marcopolis.net has compiled the ranking of the top family holdings in Saudi Arabia. View the list of the largest conglomerates in the country. The largest family owned conglomerates are Bin Laden Group, Savola Group and Saudi Oger.
Lifestyle Developers, the Saudi-based real estate developer committed to raising standard of living in the MENA region and beyond, marks its participation at Cityscape Jeddah 2015.
What is interesting about doing business in Saudi Arabia is the continuous growth pattern in the economy; that’s what makes it interesting, not only in the short-term, but in the long-term. Saudi Arabia’s economic growth is driven by its demographics: we are a young and growing population, a big and spacious country (around the size of Western Europe), and relatively undeveloped in many infrastructure areas.
