It is most gratifying and a matter of immense pride for me and RaCo Holding to join the 94th National Day celebrations at a time when Saudi Arabia is witnessing unprecedented growth and remarkable achievements in all walks of life under the sagacious leadership of King Salman and Crown Prince and Prime Minister Mohammed bin Salman, according to Rahim Pattarkadavan, CEO and Managing Director of RaCo Holding.
“The National Day coincides with the Kingdom’s robust growth and tremendous progress under the Vision 2030 through going far ahead in realizing its triple themes — a vibrant society, thriving economy, and ambitious nation. As the Crown Prince, the architect of Vision 2030, pointed out, the Vision reflects Saudi Arabia’s strengths and capabilities that enabled it becoming a global leader."
Pattarkadavan noted that the Vision 2030 accomplishments have been proven an excellent epitome of the realization of a visionary roadmap to diversify the economy, empower citizens, and create a vibrant environment for investors. Both domestic and foreign investors are the major beneficiaries of the breathtaking social and economic reforms and development boom being witnessed in Saudi Arabia, says Pattarkadavan, the first ever youngest Indian holder of the Saudi Premium Permanent Residency.
A leading business trailblazer and dynamic entrepreneur and philanthropist, Pattarkadavan has been at the helm of RaCo Holding — a company he has transformed with a unique vision — since 2010. His leadership emphasizes the importance of every employee's contribution and promotes diversity, ensuring a steadfast commitment to customers. In the bustling Saudi economic landscape, RaCo shines brightly as a beacon of diversified excellence.
Established in 1998 as a modest trading entity under the name “Zahrani,” RaCo Holding has since undergone a remarkable evolution, blossoming into a multifaceted conglomerate with a global footprint and a rich tapestry of subsidiary enterprises under its umbrella. Its wide range of activities include facility management, manufacturing and trading, transportation, hospitality, media and entertainment, real estate, construction and green energy, IT and cyber security, AI, fin-tech, tours and travels, and education.
Among the subsidiaries, RaCo Hospitality provides unparalleled hospitality services in the Kingdom while RaCo Transport is one of largest and most experienced private provider of student transportation services in Saudi Arabia with operating nearly 400 school buses and transporting over 23,000 students each school day. RaCo Hygiene stands at the forefront of innovation and reliability in the hygiene products industry while Ninety 9 Entertainment leads the charge in redefining the event and entertainment landscape with specialization in curating mega events.
Capital Radio Network, Saudi Arabia's first foreign language FM frequency, is set to launch soon. Catering to both Arabic and non -Arabic speaking expatriates and tourists, it will broadcast in English, Hindi, Tagalog, and Malayalam. TotalPay stands as a prominent payment gateway enterprise, offering holistic payment solutions to businesses while Sybrisco is the IT arm offering specialized technical support and IT consultation while Muraqib is a forward-thinking company focusing on AI and the Internet of Things (IoT).
As a philanthropist, Pattarkadavan supports the education of the students globally through PKK Trust and other organizations. He has won accolades within the Kingdom and abroad for his outstanding contributions. The awards received in 2023 alone include Industry Personality of the Year (SACWFM Awards – KSA), Top 10 Indian Leaders in the Middle East (CEO Insights- KSA) and Young Business Man Award (Media One - Middle East Excellence Awards) in addition to Top 10 Indian CEOs in KSA in 2022.
