It is important for us to create a team of people and create a workforce that is loyal, dedicated, and committed to this company. We want to satisfy our clients to create a good base so that they respect us and appreciate our products and services. If this year is as full and profitable year as expected, then we will expand our operations going forward.
Many Gulf nations boast a plan to one day be free of their dependence on hydrocarbons, yet Saudi Arabia's bold Vision hit headlines around the world this year as a definitive glimpse of life after oil and how to get there. Saudi Arabia is a strong political force in the Middle East, and it is looking to maintain that power as Iran seeks to flex its muscles. Leaders representing 34 countries from Latin America and the Arab world met in Riyadh to discuss topics of common interest like inter-regional double taxation, easing capital flow, and technology transfer.
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Jawad Anani, Deputy Prime Minister and Minister of Industry and Trade of the Kingdom of Jordan, on supporting bilateral economic development, regional security, and goals for the future of the two countries' relations. HE Abdullatif A. TBY talks to Dr. Osama Al-Bar, Mayor of the city of Mecca, on expected growth in visitor figures, upcoming infrastructure projects, and its initiatives to transition into a smart city. TBY talks to some of Saudi Arabia's top business leaders on the privatization program and outlooks for Deputy Crown Prince Mohammed bin Salman announced Vision , according to which the growth of new industries and sectors will help the Kingdom to reduce its dependence on oil and the private sector to increase its contribution to the national economy.
Omar A. TBY talks to Omar A. Adnan H. TBY talks to Adnan H. Abdul Rahman S. Al-Otaishan, Chairman, Asharqia Chamber. Al-Otaishan, Chairman of Asharqia Chamber, on working to support Vision , upcoming investments in the Eastern Province, and measures to enhance growth of the private sector. Taking Diversification into Account. Like the broader real economy, the Kingdom of Saudi Arabia's banking system has been hunkering down for the new global climate of low oil prices, principally by diversifying its sources of revenue. Said A. Al Shaikh, Chief Economist of the National Commercial Bank, on reasons for optimism in the Kingdom, actualizing on opportunities for growth, and promoting local attractiveness to investors.
TBY talks to Bernd van Linder, Managing Director of Saudi Hollandi Bank, on the state of the banking sector, the role of the institution in society, and fostering cross-sector synergy.
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The Tadawul had a roller coaster ride over , seeing both highs and lows. Over 2Q, the TASI has been on the mend, ending at 6, points, but not fully reflecting the surge in crude oil prices. Saleh A. TBY talks to Saleh A. The Saudi Stock Exchange Tadawul is undergoing a restructuring phase in a bid to unleash the market's full potential. An overly competitive sector begging for consolidation is holding back growth, yet a drive to enforce compulsory lines and regulatory changes from the central bank offer a way forward.
Raeed A. TBY talks to Raeed A. HE Sultan J. Shawli, Deputy Minister, Mineral Resources. Shawli, Deputy Minister for Mineral Resources, on the country's business friendly environment, its attractive mining potential, and how the sector will further contribute to the economy. Salman M. TBY talks to Salman M. GASCO , on the company's extensive reach, its strategy for the sector, and focusing on providing better services. Saudi Arabia's levels of energy consumption per capita are among the highest in the world. With an increasing population and an expanding economy, the current consumption rate is unsustainable.
Moreover, electricity is generated with oil, with consequent impacts on the country's exports. To address this issue, the government has plans to turn the Kingdom into the world's largest producer of solar energy. Exploiting the country's vast mineral reserves will not only allow the government to diversify its economy, but will position the country as a leading regional hub and a global player in the industry. SSCI , on the company's milestones, the business breakdown, and staying ahead of competitors with the latest technology.
In , Aramco began to build its new refinery in Jazan as well as the world's largest gas-powered plant, which is expected to produce electricity for the refinery and surrounding industrial city. TBY talks to Eng. Saudi Arabia has announced the construction of the world's first solar-powered desalination plant. This pioneering project reinforces the country's position as the world's largest producer of desalinated water, but investments are needed to cope with the high level of agricultural water consumption.
Khaled H. Saudi Arabia's skyrocketing mobile data consumption is supporting economic growth. As avid users of social media, Saudis benefit from low data prices and mobile operators are seizing market opportunities. Khalid A. TBY talks to Khalid A. Private and public transportation have greatly benefitted from major investments to bring improvements to the Kingdom's transportation infrastructure.
Wajdy M. TBY talks to Wajdy M. Badr A. TBY talks to Capt. In , Aramco began to build its new refinery in Jazan as well as the world's largest gas-powered plant, which is expected to produce electricity for the refinery and surrounding industrial city. TBY talks to Eng. Saudi Arabia has announced the construction of the world's first solar-powered desalination plant. This pioneering project reinforces the country's position as the world's largest producer of desalinated water, but investments are needed to cope with the high level of agricultural water consumption.
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Khaled H. Saudi Arabia's skyrocketing mobile data consumption is supporting economic growth. As avid users of social media, Saudis benefit from low data prices and mobile operators are seizing market opportunities. Khalid A. TBY talks to Khalid A. Private and public transportation have greatly benefitted from major investments to bring improvements to the Kingdom's transportation infrastructure. Wajdy M.
TBY talks to Wajdy M. Badr A. TBY talks to Capt. King Abdullah Port started operations in with expansions set to continue until to reach a capacity of 20 million TEUs per year, making it one of the world's top 10 ports. Nader R. TBY talks to Nader R. A new high-speed electrified railway line will allow passengers to travel between Mecca and Medina in 2. The Haramain High Speed Rail HHR is considered a priority project as it will be a faster and more comfortable alternative for the huge mass of pilgrims that visit those cities during Hajj season.
All of the target sectors set to float the post-hydrocarbon economy have a knock-on effect on construction. Therefore, the impact of low oil prices stands to be more than mitigated in the decades to come. Fahd A. TBY talks to Fahd A. TBY talks to, Dr. Despite formidable macroeconomic headwinds, Saudi Arabia's ongoing development programs are attracting sizeable investments into the Kingdom's real estate sector with impressive results.
The fast-growing population, bureaucracy, and lack of available land have led to a housing shortage in Saudi Arabia. According to the Ministry of Housing, 3. As the Saudi population increases and living standards improve, inevitably the population will begin to age.termaportformind.tk
The government has invested heavily and fostered a competitive private sector to adapt to this future paradigm. Healthy Economies Need Healthy Bodies. The government is trying to deal once and for all with the pressing challenges of the healthcare sector. A government reshuffle and long-term plans are drawing the guidelines for the sector's development, but wider private-sector involvement is necessary for Saudi Arabia to achieve satisfactory results and meet international standards.
Large-scale government reform programs and the increasing involvement of the private sector have made education one of the most talked-about aspects of Saudi society. Saudi Arabia is planning investments it hopes will improve its education system. Abdullah A. TBY talks to Prof. Al-Mosa, President of Saudi Electronic University, on the future of distance learning, equipping students with valuable skills, and the future of the education sector.
Hussein M. Haifa Jamal Allail, President of Effat University, on employment demands, improving the education sector, and goals for this year. Fahad I. TBY talks to Fahad I. The Kingdom has long relied on oil to carry its economy, but the Vision seeks to overhaul that system. Under the Vision's blueprint, tourism and cultural heritage are set to become new pillars of the economy. The world's largest hotel is set to open doors in in Mecca. The Saudi Ministry of Finance is funding the construction of the desert, fortress-like building, which will offer a luxury experience to the pilgrims who visit Islam's holiest city.
The Edge of the World offers adventurous visitors spectacular, post-apocalyptic vistas just 90km outside of Riyadh. Badr H. Albadr, CEO of Dur Hospitality Company, working with international investors, enhancing the tourist experience, and being the partner of choice for international firms. Though highly traditional, Saudi Arabia is starting to open up its economy by reducing regulations and gradually reducing the role of the state.
Dr. Khalid Al-Saleh: Ambitious Investments - The Business Year
With an economy moving away from oil, Saudi Arabia is positioning itself as a great place to do business. Saudi Arabia's economic growth is being underpinned by the use of high-tech services to get the job done. Already have an account with us? Click here. His research interests focus on human factors engineering and ergonomics.
He has published several papers in related journals. Saudi Arabia. Year In Review In Vision Many Gulf nations boast a plan to one day be free of their dependence on hydrocarbons, yet Saudi Arabia's bold Vision hit headlines around the world this year as a definitive glimpse of life after oil and how to get there. Diplomacy Standing Firm Saudi Arabia is a strong political force in the Middle East, and it is looking to maintain that power as Iran seeks to flex its muscles. Guest Speaker HE Dr. Reasons why this might occur include: Treasury note or bond futures contracts may not capture precisely the underlying changes in the U.
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