imported 2024-03-17 17:43:08
“I believe it is time for the private sector to step in and start privatising utilities. Why shouldn’t the private sector start their own power generation plants, where they can have their own utility generation units making 200 to 500 megawatts, which they sell to the government or to the electricity authority?,” asks Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“(It) is a continual process of adjustment. The regulations, laws, and by-laws all have to be meshed together, fine-tuned, and improved, and that doesn’t happen overnight. We hope that entities like SAGIA, SIDF, MODON, are slowly shifting from their previous stand to better stands,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“The challenge is the bureaucracy and legislation for establishing ventures in Saudi Arabia… it should take weeks, but instead it takes months. There is a big demand for industrial zones. MODON is working very hard to supply these areas, but still, the demand exceeds the supply,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“Al-Khafrah Holding Group is a privately owned company, established by Sheikh Mubarak Al-Khafrah. We have multi-departments and sections responsible for renewable energy, industrial investments, real estate development and property development,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“There are so many industrial products worldwide that you cannot count them all. However, if you are seeking new products, then Saudi Arabia is the place where you can implement the industrialisation of new products,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
“So many people are coming to Saudi Arabia because they know that there is going to be demand for 43 gigawatts of renewable energy in Saudi Arabia by the year 2030,” says Emad Al-Shamma, CEO of Al Khafrah Group Holding Co.
Zain KSA is one of the leading telecoms in Saudi Arabia.
The real estate market in Saudi Arabia as grown more than 10% in the past five years, and shows no evidence of slowly down. According to Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, most of this growth comes from the Mecca and Medina region, and partly from Riyadh.
Al Saedan Real Estate Company began its work before the unification of Saudi Arabia. “The most important thing was security at the time. There were gated cities. Small cities. Nobody built outside the boundary of the city,” says Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate.
Al Saedan is one of the leading real estate companies in Saudi Arabia. They are known for their high-quality and unique designs. Al Saedan works on numerous projects across Saudi Arabia.
