Success Story of Saudi Entrepreneurship: Al Safi
“Today we have 50,000 cows in one location and we are considered to be the largest integrated dairy farm in the world,” says Ali O. Al-Rakban, CEO of Al Safi.
Competitive Advantages: Support and Subsidies of Saudi Government
“The biggest competitive aspect is the government support for electricity, fuel, some ingredients, etc. This helps us to maintain reasonable and low prices for the final consumers,” says Ali O. Al-Rakban, CEO of Al Safi.
Dairy Industry in Saudi Arabia
“We believe that we are competitive and the quality of the milk produced here in Saudi is considered one of the highest globally,” says Ali O. Al-Rakban, CEO of Al Safi.
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Investing in Saudi Arabia: Food Production With Efficient Water Consumption
“The big investment opportunities in agriculture will be in the food production with efficient water consumption. Greenhouses is an opportunity and different types of research to utilize seawater in agriculture could be an opportunity,” says Ali O. Al-Rakban, CEO of Al Safi.
Agriculture in Saudi Arabia: Leading the Dairy Industry
“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,” says Ali O. Al-Rakban, CEO of Al Safi.
Allowing Private Sector to Start Renewable Energy Projects in Saudi Arabia
“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.
Regulations and Laws in Saudi Arabia: Continuous Adjustments and Improvements
“(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.
Challenges of Doing Business: Registering a Foreign Company in Saudi Arabia
“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: Industrial Projects in Saudi Arabia
“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.
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Business Opportunities in Saudi Arabia: Long-term Industrialization
“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.