imported 2024-03-17 17:43:08
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.
Priyan L. Attygalle CEO of American Express, Saudi Arabia
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.
“I believe that in some areas there is a potential for growth – Mecca, for example, or Medina, because the government is trying to make huge expansions for both Holy Mosques. The thing is that for those people who invest in Mecca, they cannot just go to invest in other places,” says Abdullah Saud Al-Rashoud, CEO of Blominvest Saudi Arabia.
Bader Saad Al Shaya, VP Marketing and Sales of Solidarity Takaful
Previously there were about 90 insurance companies; now there are around 35 and all of them are licensed and controlled. Lots of major steps have been taken in terms of regulations and in terms of controlling the market.
“The penetration rate for credit cards is certainly lower than cash at present, but it is steadily increasing. I can see over the last eight years there has been a visible shift from a cash economy towards an electronic economy,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.
“There has been a visible shift from a cash economy towards an electronic economy, in terms of cashless payments such as cards and the growth of internet payments and internet banking. It’s growing at an exponential rate,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.
Gary M. Lewin, CEO of AXA Cooperative Insurance Company
The big differential here in Saudi Arabia is the demographics: it is a very young population and it is the largest population in the Middle East and among all the states in the Gulf. From an AXA Group perspective, this is where we see huge growth potential.
“In American Express in Saudi Arabia, we concentrate very much on the high-net-worth consumers and corporates. These are two areas in which we are very strong and we have very unique products,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.
