imported 2024-03-17 17:43:08
Abdullah Saud Al-Rashoud, CEO of Blominvest
I think the capital markets started very early in Saudi, maybe in the 60’s or even earlier than that. It was very simple, very preliminary, there were no complications at all, and there were no rules or regulations.
Al Saedan Real Estate is one of the leading real-estate companies in Saudi Arabia. The company has a strong expertise in master-plan developments, land development, building commercial and residential centers, selling and buying local and international real estates, providing consultation in real estates, and providing valuation and estimation services. Al Saedan is an international real estate company with projects in Saudi Arabia, Tunisia and the United Kingdom.
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.
Mohammed S. Alkhalil, President of FAD Investment & Development
Real estate is a major issue in Saudi Arabia. It is the second largest sector after oil and gas.
Mohammad Al Saja Chairman of Mizat Development Company
In the real estate market in Saudi in the last three to four years, the prices doubled or tripled. As you know, the population growth in the country is becoming very high. This is one of the reasons that suddenly the government realized there is high demand for land, or in other words, a high housing demand.
Abdullah Saad Al-Mogren, General Manager of Riyadh Palace Hotel
Saudi Arabia is now starting to encourage and support both the leisure and the business tourism by creating a private sector for tourism, with one big commission for tourism, the Saudi Commission for Tourism and Antiquities.
Dr. Ahmed Sindi, General Manager of SATCO
The Saudi Arabian economy has taken significant strides. The government has invested a lot of money in building a huge amount of infrastructure, such as airports, cities, and the like. Our company, SATCO, being a classified contracting company with a first classification, stands to benefit significantly from the extensive opportunities in construction in particular and also in other divisions of our work.
Ali O. Al-Rakban, CEO of Al Safi, Saudi Arabia
With our 35 years of experience in Saudi in the modern agricultural industry and especially in dairy as well as in poultry, I believe we created a world-class, efficient agricultural project. The biggest challenge is and will be with water consumption. For example, today 96% of the water consumption in the dairy business comes from feeding.
Dr. Boutros Klink, CEO of Standard Chartered
Saudi Arabia, compared to the other nations in the GCC, has the largest population. It also has the largest local population. So the demographics mix is different. In the credit card industry, the way we deal with the customer base is very different because we are able to build long term relationships with the customers and service their needs as their requirements grow throughout their life cycle.
“If you look at the liquidity (petrodollars) which is coming into the country, it’s huge. This liquidity must find some channels to go into. Real estate went up in a very substantial way,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
