SABIC, an international chemical company based in Saudi Arabia, has signed an agreement with the Jeddah Chamber of Commerce and Industry as part of its Nusaned localization initiative to provide citizens with employment and training.
The objective of the agreement is to create jobs and qualify potential Saudi entrepreneurs through training in various sectors.
It was signed by Eng Abdullah Al-Arifi, vice president of SABIC, local content and business development unit, and Ramez Al-Ghalib, general secretary of the Jeddah Chamber.
The Nusaned initiative aims to identify available investment opportunities in the areas of supply, downstream and workforce development, and provide support programs to enable entrepreneurs to create new businesses.
SABIC established the Local Content and Business Development Unit in early 2017, to be a key enabler of Saudi Arabia’s Vision 2030. The unit seeks to provide meaningful opportunities for investors, especially young people, and entrepreneurs who wish to develop their businesses in innovative and promising fields. industries that help improve the localization of industrial technologies, create new employment opportunities and increase the volume of Saudi exports.
Commenting on the agreement, Al-Arifi said, “The agreement reflects SABIC’s leading role in the industrial sector and its efforts to enable Vision 2030 by qualifying and developing Saudi entrepreneurs in the sector and linking their projects to Nusaned initiative”. –OGN