Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
Developed in conjunction with Ext-Joom.com
"The challenge is the bureaucracy and legislation for establishing ventures in Saudi Arabia. Registering a foreign company or a joint venture with an international company in Saudi Arabia is quite difficult. The process takes a very long time, 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.
"The environment of industrial investments in Saudi Arabia is fantastic. There is the SIDF, SAGIA and MODON; so all the components are there, we just the coherent integration of these departments to allow for a continuous flow from A to Z in less than one to two months, which will be similar to Dubai and other places."