Saturday, Aug 17, 2019
TAG: SAUDI ARABIA NEWS

Diversification in Saudi

Saudi Arabia vows to end “oil addiction” through Vision 2030


Chief architect of Saudi’s Vision 2030 Deputy Crown Prince Mohammed Bin Salman pictured during his visit to the Pentagon on June 16, 2016. (US Dept of Defense photo by Senior Master Sgt. Adrian Cadiz, via flickr)

Bold plan for economic diversification aims to increase the private sector’s contribution to GDP from 40% to 65% whilst creating new non-oil growth... Nov 21, 2016

Government | Middle East | Saudi Arabia



Riyadh Metro

New metro set to transform life in the capital


Alstom is producing the trains for the Riyadh Metro at its plant in Katowice, Poland

Described by officials as the largest public transport system currently under development in the world, the $23 billion Riyadh Metro project is on track... Mar 21, 2016

Infrastructure | Transport | Middle East | Saudi Arabia


Saudi Real Estate

Real Estate is on the rise with urban rentals up 15 per cent




Foreign capital and expertise in the property sector team up well with local real estate firms as a critical shortfall in the residential market and... Jul 03, 2015

Real Estate | Middle East | Saudi Arabia


Saudi Healthcare

Record budget boosts healthcare spending


Over the past five years the Ministry of Health has opened 77 hospitals and medical centers with a capacity of more than 11,000 beds

The 2015 budget increased the allocation for healthcare by 48 per cent, adding to the sector’s momentum

Jul 02, 2015

Health | Middle East | Saudi Arabia



Rising Pharma

Pharma sales make up more than half of the GCC market and are growing


Fahad bin Ibrahim Al Khalaf, CEO of Spimaco

Healthcare services, medical equipment and pharmaceuticals are increasingly in demand as population growth and lifestyle changes put pressure on supplies

Jul 02, 2015

Industry & Trade | Middle East | Saudi Arabia


Food Industry

Innovative industry tests could reduce irrigation water usage by 90 per cent


Animal agriculture accounts for 27 per cent of the world’s water consumption, compared to only 4 per cent which relates to home water use

Food security and keeping water usage as low as possible are key concerns in the food industry and Saudi companies have innovated and invested in groundbreaking... Jul 01, 2015

Industry & Trade | Middle East | Saudi Arabia


Investing in manufacturing

Seven-fold increase in manufacturing adds value


Government incentives are encouraging greater numbers of private sector training schemes

Private-sector manufacturing companies are playing a key role in the kingdom’s socioeconomic development and diversification

Jun 30, 2015

Industry & Trade | Middle East | Saudi Arabia



Reinsuring Saudi Arabia

Young population and strong economy reinforces rise of reinsurance market


Fahad Al-Hesni, Managing Director and CEO of Saudi Re

Reinsurance company Saudi Re is the lone domestic company in an increasingly competitive and profitable market

Jun 29, 2015

Others | Middle East | Saudi Arabia


Reinsurance market

Competition heats up in undersaturated insurance market


Health insurance is obligatory for expats, who make up more than one third of the kingdom’s population. Above, King Khaled Hospital in Riyadh

Double-digit growth coupled with low penetration rates means big opportunities in this nascent industry. But the main challenge for insurers is changing... Jun 29, 2015

Others | Middle East | Saudi Arabia


Expanding Telecoms

Telecoms to grow 3 per cent annually to $18.7 billion by 2019


Telecoms are expanding and Saudi Arabia is already among the top three countries in the world for data connectivity per person

The Saudi Arabian telecoms market was worth $16.2 billion as of 2014 and not only is it the largest in the MENA region, but the kingdom also has the... Jun 26, 2015

Telecoms & ICT | Middle East | Saudi Arabia



Pushing Tourism

‘Saudi Arabia is in the best position to redefine tourism’


Majid al-Haram mosque attracts millions of religious pilgrims each year

Investment in infrastructure to cater for some 19 million visitors per year is top priority. At the same time authorities aim to leverage “unique... Jun 26, 2015

Tourism & Culture | Middle East | Saudi Arabia


Construction strength

Cement production keeps pace with growing demand


Ahmed Zugail, CEO of Yanbu Cement

Cement sector sales in 2015 are expected to witness a visible rise on the back of improved demand, backed by heavy infrastructure development

Jun 25, 2015

Industry & Trade | Middle East | Saudi Arabia


Medical city at the forefront of Saudi healthcare revolution

Dr Mahmoud Al Yamany
CEO of King Fahad Medical City

Commissioned in 2004, King Fahad Medical City (KFMC) has evolved into one of the most advanced... Dec 07, 2016


Innovative solutions for scarce resources

Khalid Abunayyan
CEO of Abunayyan Holding

As a 65-year-old diversified family company that has grown in tandem with the Saudi Arabia,... Dec 05, 2016


A partner in the transformation of Saudi Arabia

Hisham Al Bahkali
President & CEO of General Electric, Saudi Arabia & Bahrain

Having been present in Saudi Arabia for more than 80 years, General Electric announced investments... Nov 28, 2016


Saudi Exports pushes economic diversity

Ahmed bin Abdulaziz Alhakbani
Secretary General of the Saudi Export Development Authority (Saudi Exports)

Part of the national drive for economic diversification and raising awareness that there’s... May 17, 2016


Spiritual hospitality enhanced by a uniquely Saudi touch

Dr Badr al Badr
CEO of Dur Hospitality

Dur Hospitality is ahead of its schedule to invest $400 million in 20 new hotels in Saudi... Apr 20, 2016


Mobily intensifies commitment to kingdom

Ahmad Farroukh
CEO of Mobily

High spending, tech savvy Saudis have a voracious appetite for mobile data and are currently... Apr 12, 2016


Investment opportunities abound in transformed kingdom

Prince Saud bin Khalid Al Saud
Head of Investment Affairs and Deputy Governor of the Saudi Arabian General Investment Authority (SAGIA)

Saudi Arabia is shifting from its government-led economic and social model to a more market-based... Apr 05, 2016


Media powerhouse in Saudi Arabia leads the digital conversation in the Kingdom

Waleed J. Kattan
Director General of Okaz Organization for Press and Publication

Okaz is one of the leading local media organizations in Saudi Arabia, and is adding digital... Apr 05, 2016


World’s largest public transit system takes shape

Alwalid Alekrish
Director of Construction Development Projects and Project Director of the Riyadh Metro at the Arriyadh Development Authority (ADA)

A potent symbol of the modernization and economic vitality of Riyadh is rolling out. Part... Mar 19, 2016


New metro set to transform life in the capital

Described by officials as the largest public transport system currently under development... Mar 21, 2016


Added value in the pipeline at APC

Waleed Bin Hamad Al-Bathe
CEO of the Arabian Pipes Company (APC)

Demand is strong for high quality steel pipes in the Middle East: according to Deloitte’s... Mar 02, 2016


GCC number one now eyes new markets

Ibrahim H. Ababtain
Chairman of Al-Babtain Power & Telecommunication Company

Ibrahim H Ababtain, Chairman of Al-Babtain Power & Telecommunication Company, explains... Feb 29, 2016


Single-minded focus feeds double-digit growth

Wout Matthijs
CEO of Sadafco

By understanding and maximizing its strengths and minimizing waste, Sadafco is going from... Feb 16, 2016


Gambian-Saudi relations tighten

Omar Gibril Sallah
Ambassador of the Islamic Republic of the Gambia to the Kingdom of Saudi Arabia

Omar Gibril Sallah, Ambassador of the Islamic Republic of the Gambia to the Kingdom of Saudi... Feb 11, 2016


SGS ready to handle growth and competition

Qaid Khalaf Al-Otaibi
CEO of Saudi Ground Services Company

Saudi Ground Services Company (SGS) is facing a rapidly expanding air transportation sector... Feb 04, 2016


Local knowledge enables hospitality ‘newcomers’ to stand out

Ali Hamad Lakhraim Alzaabi
President and CEO of Millennium & Copthorne Hotels plc (Middle East & Africa)

Ali Hamad Lakhraim Alzaabi, President and CEO of UK-based Millennium & Copthorne Hotels... Jan 22, 2016


Venture capitalists add value to foreign investors’ interests in Saudi Arabia

Bader Al Sayari
CEO of Saudi Venture Capital Investment Company

Bader Al Sayari, CEO of Saudi Venture Capital, explains how his company has established... Jan 09, 2016


CSR and work/life balance initiatives help lift diversified conglomerate into the top 10 best workplaces

Anees Ahmed Moumina
CEO of SEDCO Holding Group

Rated as the eighth best place to work in the country, the Saudi Economic and Development... Jan 07, 2016


Global expertise and local culture combine to produce impressive results

Jun Hemmi
CEO of Alinma Tokio Marine Company (ATMC)

The Saudi insurance sector has witnessed a substantial recovery in 2015 and gross written... Dec 30, 2015


AXA targets new opportunities in Saudi Arabia’s burgeoning insurance market

Paul Adamson
Managing Director of AXA Cooperative Insurance

Saudi Arabia’s insurance sector is set to become the largest in the region, according... Dec 29, 2015


Historic results at SEC bolster energy diversification and social responsibility programs

Ziad bin Mohammed Al-Shiha
Chief Executive Officer of Saudi Electricity Company (SEC)

Saudi Electricity Company (SEC) is powering the kingdom’s progress and economic diversification... Nov 17, 2015


Logistics, finance, labor and technology: the Saudi formula for diversification

Dr Mohammed Al Badr
CEO of Saudi Chemical Company

From explosives to pharmaceuticals to fertilizers and consumer goods, the intriguing mix... Nov 11, 2015


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ENTREPRENEURSHIP: An overused concept for an underused reality.

2017/07/13

When being part of a generation on which the flag of entrepreneurship seems to be constantly waving in the sea of young professionals looking to succeed in the business world, more often than not, we tend to drown in the... Read More


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