imported 2024-03-17 17:43:07
“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.
“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.
“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.
“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.
“Integrated dairy farm means having all activities in one location which includes the feed production, raw milk production and cattle management, together with processing and factories,” says Ali O. Al-Rakban, CEO of 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.
“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.
“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.
“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.
