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NEWS - 2010
GCC-German Business Invest CEO Uta Gruda at Jeddah Economic Forum, JEF, Jeddah Saudi Arabia - Feb. 2010
GCC-German Business Invest'CEO Uta Gruda is invited from Saudi Government to take part at JEF Jeddah Economic Forum, JEF 2010 in Jeddah Saudi Arabia, from Februar 13-16, 2010 at Hilton Hotel, Jeddah Saudi Arabia
Arab News about Uta Gruda, CEO of GCC-German Business Invest, at Jeddah Economic Forum in Jeddah, Saudi Arabia - February 2010
Gruda: Saudi Arabia losing out by not being more open
By FATIMA SIDIYA | ARAB NEWS
Published: Feb 20, 2010 00:34 Updated: Feb 20, 2010 00:34
JEDDAH: Uta Gruda, the founder and chairwoman of Berlin-based GCC-German Business Invest, came recently to the Jeddah Economic Forum and offered insight into the problems with doing business in Saudi Arabia, especially as a women.
Apart from the fact that she was relegated to the “women’s section” of the JEF — where she says the entire section was only allowed two questions to the forum participants — she was also told she could be seated in the men’s section but was later “blocked and stopped” from entering.
“I respect the rules here,” she said, “but I was told the first day I can sit in the men’s section, but on the second day I was forced into the women section. I couldn’t pose a question when in the women’s section because only two questions were allowed.”
Subsequently, Gruda added, she was unable to network effectively at the JEF.
Gruda, whose company seeks German joint ventures with small and medium businesses in the Gulf region said that Saudis need to be “more open and supportive” of her efforts if they expect her to be able to sell ventures to German investors.
If not, she said: “They (Saudi business executives) will lose more; I already have businesses.”
By contrast, she said her experiences in Bahrain and Abu Dhabi three years ago were “active.”
In contrast it took her two years to even get permission to enter the Kingdom.
“I wanted to come here last August, but Saudis came to Bahrain (instead) and we met there,” said Gruda.
Gruda says that apart of these complications, she feels there are opportunities in Saudi Arabia, and she works to gather enough information to be able to sell these ideas to Germans back home.
She points out that the paperwork is actually easier in the GCC than it is in Germany.
She also pointed out that the Nov. 25 floods raised red flags among investors back home, making it more difficult to sell the idea of investing in projects in Jeddah.
Saudi businesspeople, she said, have also to look for quality over cost.
“I said this (in the forum) on food for example,” she said. “I asked about the plans to cooperate in the food sector, and that they should think about quality and not just cost. They must be 100% sure about the quality, and Germany has that.”
Please click below to read the article of Arab News where the following paragraph is removed:
JEDDAH: Uta Gruda, the founder and chairwoman of Berlin-based GCC-German Business Invest, came recently to the Jeddah Economic Forum and offered insight into the problems with doing business in Saudi Arabia, especially as a women. here
GCC-German Business Invest in Doha Qatar - May 2010
GCC-German Business Invest, GCCGBI has high meetings in Doha Qatar with Qatar Government, Qatar Petroleum International, Qatar Inves. Topic is FDI to Qatar, Gas, Banking. Qatar like other GCC countries, offers unbelievable investment opportunities and is a very interesting Investment Market.
"Our goal is to create and promote new investment in GCC. How? Thru our unique GCCGBI investment gate for GCC and Germany Europe where investors will get the new investment opportunities and best investment market in GCC, latest innovative companies and their projects for GCC. We know pretty well our investment missionin in GCC" - said Uta Gruda, CEO, GCCGBI.
CEO of GCC-German Business Invest is VIP Speaker at 2.MENA Investors Summit in Bahrain June 2010
GCC-German Business Invest, GCCGBI is VIP Speaker at 2.MENA Investors Summit in Bahrain, 31th May - 3rd Jun 2010. Uta Gruda, CEO of GCCGBI, is VIP Speaker at MENA Investors Summit in Bahrain, topic Real Estate Investment in GCC:
1. What's the current perception of EU Investors to the Real Estate in the GCC?
2. What's EU expectations who want to invest in Real Estate in the GCC?
3. Why Real Estate Investment in the GCC?
GCCGBI has also high Govt meetings in Manama with Bahrain Govt, Bahrain Energy Water Authority, EWA. Topic Clean Energy, Real Estate, Banking.