by: Mohamed Idris
Riyadh – Mubasher: There are several promising investment opportunities that Saudia Arabia-based Saudi Economic and Development Company and Holding Group (SEDCO) is considering investing in, said group CEO Anis Moumina on Thursday.
The two top sectors the company has its eye on are the education and health sectors, the top executive told Mubasher on Thursday.
The reason is that these two sectors’ share in Saudi Arabia’s new budget has increased to more than a third to SAR 200 billion for education and SAR 120 billion for health, the CEO revealed.
The Kingdom’s National Transformation Programme contains strategic events with targets to be done on phases leading up to 2020, he added.
The first stage of the programme was launched in 2016.
There are a number of companies looking to enter investment deals but lack the required liquidity and may have to borrow money in the hopes of achieving the required profits, Moumina noted, adding that opportunities are mostly available for companies with good financial solvency.
Since its establishment in 1976, SEDCO has grown from a small trading and construction contracting business in Jeddah to become one of Saudi Arabia’s largest conglomerates and a global force in Shariah-compliant private wealth management.
