imported 2024-03-17 17:43:08
Dr. Ghassan Al-Shibl, President and CEO of Advanced Electronics Company (AEC), a leading manufacturing company operating in military, telecom and industrial sectors, stresses the importance of knowledge economy for Saudi Arabia.
“If we look at all the fundamentals related to Saudi economy, I do think we have any other option but to be positive and optimistic about our future,” explains Dr. Ghassan Al-Shibl, President and CEO of AEC, who discusses the economy and doing business in Saudi Arabia in an exclusive interview.
Advanced Electronics Company (AEC), a leading manufacturing company operating in military, telecom and industrial sectors, discusses their strategy to develop ICT capabilities in Saudi Arabia.
Advanced Electronics Company (AEC) has been involved in major defense and ICT projects in the Kingdom of Saudi Arabia. One of the projects included cooperation with Saudi Telecom. Dr. Ghassan Al-Shibl, President and CEO of AEC, talks about the most important projects AEC has undertaken.
As part of BAE Systems’ Industrialisation Programme the Company has been working closely with AEC and Rockwell Collins Deutschland, the original equipment manufacturer (OEM), to establish indigenous repair capabilities in the Kingdom in order to provide sovereign support to the RSAF’s Typhoon fleet.
Dr. Ghassan Al-Shibl, President and CEO of Advanced Electronics Company (AEC)
The issue of a knowledge-based economy is clearly a very critical one for the Kingdom of Saudi Arabia. The beauty of knowledge-based industries lies in their heavy reliance and dependence on human resources. If you look at the composition of the population in the Kingdom, more than 60% of the population is less than 30 years old. We have a very young population, which is one of the most crucial requirements for the development of a knowledge-based econom
Paddy Padmanathan, President and CEO of ACWA Power
The tariff difference between our tender and the next bidder across the board seems to be in the order of about an average of 20%. In practice it means: on one transaction buying 4,000 megawatts for 20 years on a 20-year fixed-price contract in this instance at 24% tariff difference between our tender and the next bidder. That is about $1.2 billion. In effect, that is $1.2 billion of saving to the national economy of Saudi Arabia.
Abdullah Alomran, CEO of Riyadh International Convention and Exhibition Centre (RICEC)
According to statistics from SCTA, which is the tourism authority here, the Riyadh International Convention and Exhibition Centre´s share of the total MICE visitors is 10%. Therefore 10% of the visitors coming to Saudi Arabia for MICE purposes have visited the Exhibition Centre here in Riyadh.
Hussain A. Al-Nafisi, CEO of Absal Steel
Our previous policy to become self-sufficient in wheat resulted in extremely high consumption of available water resources. Subsequently the Government has taken steps to phase out wheat cultivation by 2016.
Dr Abdulmalik Al Husseini, CEO of ARASCO
Our previous policy to become self-sufficient in wheat resulted in extremely high consumption of available water resources. Subsequently the Government has taken steps to phase out wheat cultivation by 2016.
