Capabilities, commitment and resources are a must for innovation
Source: Oxford Business Group , Author: Posted by BI-ME staff
Posted: Thu May 16, 2019 1:14 pm

SAUDI ARABIA. The key roles earmarked for both digitalisation and higher levels of local content in driving Saudi Arabia's long-term development plan Vision 2030 forward were explored by Ayman Abdullah Al Fallaj, CEO of THIQAH, Saudi leader of change within the business services industry said in an interview he gave to Oxford Business Group's online broadcasting channel, Global Platform.

The interview is now available to view in full HERE
 
Al Fallaj gave the example of the e-health app Saha, which is now providing the general public with access to a doctor via their cellphone. "Doctors are now accessible, and reachable easier than ever," he told viewers. "Now you can consult a doctor virtually, and it has almost the exact experience like going in person."
 
He also highlighted the improvements that have been made in the way services and government entities communicate with each other and coordinate their activities.
 
Turning to the country's plans to boost local content, Al Fallaj told OBG that encouraging and empowering the younger generation to focus on innovation first and foremost was vital for Saudi Arabia's longer-term development.
 
"Vision 2030 leads us to a very simple conclusion - we need to be innovative," he said. "We need capabilities, we need resources, we need education."
 
He added that ongoing efforts to invest in local education were already beginning to pay off. "In 2018 there were more newly established businesses than ever in Saudi Arabia," he noted. "That gives you an indication that they [students] are coming back, not only to find a job, but to actually create jobs for others."
 
Marc-André de Blois, OBG's Director of PR and Video Content, said the interview with Al Fallaj indicated that Saudi Arabia's bid to diversify and modernise its economy, in part through the adoption of digital technologies, was delivering results.
 
"The plans laid out in Vision 2030 and mentioned by Al Fallaj for boosting the number of smaller-sized businesses and bringing more Saudis into the workforce are already making headway, with record spending earmarked for 2019 set to ensure momentum is maintained," he said. "I'm thrilled that we've been able to provide viewers with this fascinating insight into the major changes taking place within the Saudi economy from a first-hand viewpoint."

Click here to subscribe to Oxford Business Group's latest content: 

Photo Caption:  Ayman Abdullah Al Fallaj, CEO of THIQAH (Photo credit: Oxford Business Group)

About OBG's Global Platform
Oxford Business Group (OBG) produces cutting edge video interviews with top-level decision-makers giving key analysis and the latest updates from across all sectors of the global business community.
 
Global Platform videos are available on OBG's website and via major business news outlets, giving it access to subscribers of Dow Jones Factiva, the Bloomberg Professional Services subscribers, Refinitiv's (previously Thomson Reuters) Eikon subscribers, and more. Global platform videos also reach over 172,500 direct OBG subscribers, verified by Deloitte.
 
Click here to subscribe to Oxford Business Group's latest content:  

About Oxford Business Group
 Oxford Business Group (OBG) is a global research and consultancy company with a presence in over 30 countries, from the Middle East, Africa and Asia to the Americas. A distinctive and respected provider of on-the-ground intelligence on over 30 of the world's fastest growing markets for sound investment opportunities and business decisions.
 
Through its range of products - Economic News and Views, OBG Business Barometer - CEO Survey, OBG Events and Conferences, Global Platform - exclusive video interviews, The Report publications - and its Consultancy division, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments.
 
OBG provides business intelligence to its subscribers through multiple platforms, including its direct 6 million verified subscribers, Dow Jones Factiva subscribers, the Bloomberg Professional Services subscribers, Refinitiv's (previously Thomson Reuters) Eikon subscribers, and more.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 24, 2019
UAE. The latest edition of PwC's Middle East Economy Watch looks at the recent oil price rebound and its mixed impact on regional economies.
date:Posted: June 20, 2019
UAE. Eighty-seven percent of businesses plan to expand warehouse footprint over the next five years, finds Zebra's 2024 Warehousing Vision Study.
date:Posted: June 20, 2019
KUWAIT. Kuwait's retail sector is expected to see solid growth in Q2 2019 and beyond, though fluctuating consumer sentiment and policy changes could weigh on turnover.