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.
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Michael Wuebbens is Managing Director of Huta Group, one of the largest marine construction firms in Saudi Arabia. He joined the company in 1981. Mr Wuebbens holds an civil engineering degree form the University of Aachen in Germany.
Michael Wuebbens, managing director of Huta Group talks about the company and presents the group employing over 7,000 people. The group is the largest marine contracting company in Saudi Arabia with SAR 6-7bn book order.
He says, "We have an order book today of about 6 or 7 billion Saudi riyals. This will keep us busy far beyond 2015 and even 2016. We have just invested in new major marine equipment such as a new dredger which shows that we are optimistic and confident that we will find work for this new equipment and we do indeed have work for these units. We see that the region in general has a lot of potential and this is not going to change, irrespective of recent oil price changes which I think are affecting other countries a lot more."