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On Thursday, the Embassy in Abu Dhabi too had announced several measures
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Gulf has No Investment Funding Issues
DUBAI — The Gulf region has no issue of investment funding compared to other parts of the world, as the region has enough cash to go ahead, said business heads of Gulf-based companies.
This however does not mean the region and companies operating here are immune to the global financial crisis, as there are challenges to continue aggressive growth that was maintained in the last few years, speakers said during a panel discussion on the topic: The impact of global financial turmoil on entrepreneurship in the emerging markets.
“We see opportunities for expansion this year and can sign prime real estate at more reasonable prices, said Muhammad Al Agil, Chairman of Riyadh-based Jarir Marketing.
During the last five years we have doubled our stores and also recorded Compound Aggregate Growth Rate at 54 per cent in laptop sales, Agil said and added that in 2008 the company recorded 80 per cent growth in sales volume over 2007.
The Saudi-based Jarir Marketing Company or Jarir is a wholesaler and retailer of office products, school supplies, children’s toys, books, computers and computer accessories.
Another panelist Antoine Drean, Chairman and Chief Executive Officer of Triago said this is right time to cash in opportunities. Triago is active in 38 countries and has offices in Paris, New York and Dubai.
The company opened its office in Dubai in 2007 to strengthen regional coverage of primary investment.
abdulbasit@khaleejtimes.com
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