Kuwait to make public sector workforce ‘100% Kuwaiti’

According to the sources, the ultimate goal is for the total workforce of the public sector to be solely comprised of nationals. (Shutterstock)
Updated 22 October 2018
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Kuwait to make public sector workforce ‘100% Kuwaiti’

  • The ultimate goal is for the total workforce of the public sector to be solely comprised of nationals
  • The Kuwaitization drive is part of a government’s push to recruit more of its citizens

DUBAI: Kuwait’s public sector is on track to achieve a 100 percent Kuwaiti workforce, according to sources close to the country’s minister of commerce and industry, local daily Kuwait Times reported.

According to the sources, the ultimate goal is for the total workforce of the public sector to be solely comprised of nationals.

An employment committee of the Gulf country’s National Assembly was formed to address the issue of high unemployment rates among Kuwaiti nationals by allocating jobs for them in the public sector and relieving expatriates of their roles there.

Kuwaiti MP Mohammad Al-Dallal on Sunday called for the need to check the growing numbers of certain expatriate communities, especially the Egyptian and the Filipino communities.

The Kuwaitization drive is part of a government’s push to recruit more of its citizens, a similar push is underway across the GCC where countries like Saudi Arabia and Oman have also been trying to increase the number of locals in employment.


PIF’s SRC extends refinancing agreement with ANB with additional $133m  

Updated 11 sec ago
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PIF’s SRC extends refinancing agreement with ANB with additional $133m  

RIYADH: Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). 

This is the second deal of its kind between the Public Investment Fund-owned SRC and ANB, according to a statement.   

This move signifies SRC’s ongoing efforts to support the Kingdom’s home financing market by expanding mortgage refinancing and offering funding solutions to real estate entities to drive growth. 

“The purchase agreement for the investment portfolio worth SR500 million came to continue the company’s efforts with its partners to enhance financial sustainability in the real estate financing market in order to achieve the objectives of the Housing Program within Saudi Vision 2030,” Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail said in a post on X.  

He added that the deal aims “to enable financing agencies to provide appropriate solutions to citizens in their homeownership journey.” 

The deal also underscores both parties’ commitment to supporting sector development by providing convenient property financing options to Saudi citizens.  


Johnson Controls Arabia to localize Japanese technology to support growing exports

Updated 24 min 12 sec ago
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Johnson Controls Arabia to localize Japanese technology to support growing exports

TOKYO: While many perceive Saudi Arabia solely as an oil exporter, the truth is that its economy is already diversified and will further diversify under the Saudi Vision 2030 plan of Crown Prince Mohammed bin Salman.

Johnson Controls Arabia, a joint venture company with Johnson Controls International — a US Fortune 500 company — and Al Salem Group of Companies, is not just a local player. It is a prime example of how Saudi companies aspire to expand beyond the Kingdom and substantially affect the global stage, demonstrating the country’s growing influence in the international business arena.

CEO Dr. Mohanad Al-Shaikh visited Japan last week for the Saudi-Japan Vision 2030 Business Forum, a platform that fosters business collaborations between the two countries in line with the Saudi Vision 2030 plan.

In an interview with Arab News Japan, he explained his reasons for visiting Japan and his vision for his company, highlighting the potential for mutually beneficial partnerships between Saudi Arabia and Japan.

“We are here as the Saudi delegation trying to find opportunities,” he told Arab News Japan. “We cooperate with some Japanese companies and want to engage in reciprocal relationships where we buy and localize key Japanese parts to manufacture our products in Saudi Arabia. Soon, we hope to add Japan to our list of more than 26 countries from which we have already exported.

JCA, one of the largest heating, ventilation and air-conditioning factories in the Middle East, is already exporting to the United States and China.

“The world is becoming a smaller place, and we are taking advantage of investments that have been made over the past eight or nine years,” Al-Shaikh said. “We are quite proud that Saudi-made products are used in American public schools and other places. So, many good things are taking place, and we are taking advantage of that to expand our business.”

Manufacturing is a central component of Saudi Vision 2030, and Saudi Arabia has established an ecosystem that competes globally. With its 30 percent production export, JCA is a key player in this vision and aims to increase that figure to more than 50 percent in the coming years. Moreover, it is actively involved in significant projects in Saudi Arabia, including the Great Mosque in Makkah, major airports, and several universities, demonstrating its commitment to national development.

“JCA now serves as an umbrella of brands,” Al-Shaikh said. “We are not limited to HVAC; we focus on enhancing building systems’ capabilities. We are executing innovative projects such as smart buildings and smart cities, using automation and the necessary assets to ensure comfort, including air conditioning, fire systems, building management systems, and security systems. We aim to pioneer the industry’s future, making buildings smarter and more sustainable.”

“When we talk to key clients, we say, ‘Whether it is one big building, or a cluster of buildings or even a small city, let’s be smart, where buildings can “talk” to each other, can learn from their environment.’ And our state-of-the-art platform, OpenBlue, lets those buildings come to life.”

Al-Shaikh cites the example of a university where an auditorium can adjust the air conditioning to the weather and the number of students attending. Sustainability is also key.

“We are about making buildings sustainable,” Al-Shaikh said. “We help not only the customers but the environment. Our job is to make buildings as sustainable as possible.

“Why is that important?  Because 40 percent of all CO2 emissions come from buildings. Since Saudi Arabia has committed itself to being carbon neutral by 2060, this work is critically important to ensure that we help the Saudi government achieve that goal.”

This aricle originally appeared on Arab News Japan


Japan company Uhuru signs smart-city business pact in Saudi Arabia

Updated 28 May 2024
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Japan company Uhuru signs smart-city business pact in Saudi Arabia

  • The company plans to use Uhuru’s strengths to enhance convenience and safety for religious tourism, including the Hajj

TOKYO: Tokyo-based Uhuru Corp. has signed an agreement with Web Arabia, a technology company operating in Riyadh, to promote smart city-related business in the Kingdom.

Web Arabia specializes in smart-city solutions and is a subsidiary of Metscco Heavy Steel Industries, a leading general-engineering company responsible for infrastructure construction in Saudi Arabia.

The company plans to use Uhuru’s strengths to enhance convenience and safety for religious tourism, including the Hajj, as well as urban infrastructure such as buildings, stadiums and airports.

Uhuru has been developing various projects in the Kingdom, including research and development programs in collaboration with local organizations.

Saudi Arabia recorded 27.4 million foreign visitors in 2023.


ADNOC to boost production target by 2030

Updated 27 May 2024
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ADNOC to boost production target by 2030

RIYADH: The Abu Dhabi National Oil Co. plans to boost its local manufacturing target for critical industrial products to 90 billion dirhams ($24.5 billion) by 2030 in a bid to strengthen the UAE’s industrial sector and expand local manufacturing capabilities.

ADNOC made the announcement at the “Make it in the Emirates” forum, adding that the new target is part of its expanded In-Country Value program, which aims to drive an additional 178 billion dirhams back into the UAE economy by 2028. 

“This expanded initiative will support the UAE’s economic diversification, attract local and international investors, and provide high-skilled private sector jobs for UAE nationals. Additionally, it will stimulate entrepreneurial growth and drive sustainability in ADNOC’s supply chain,” said Sultan Ahmed Al-Jaber, minister of industry and advanced technology, and ADNOC managing director and group CEO. 

This expanded initiative will support the UAE’s economic diversification, attract local and international investors.

Sultan Ahmed Al-Jaber, UAE minister of industry and advanced technology

The company said its previous 2027 target of 70 billion dirhams worth of products was “delivered ahead of schedule” following the award of two contracts for metal pipes and valves worth 16.8 billion dirhams to local manufacturers.

The contracts include 8.8 billion dirhams for metal pipes to PM Piping Petroleum Equipment, Ajmal Steel, and the Emirati-owned Al Gharbia Pipe Co.; and 8 billion dirhams for mechanical valves to Samamat, Camtech Manufacturing, Tisco Valves Manufacturing, PTPA, MT Valves and Industries.

ADNOC’s expanded ICV program also aims to provide a micro, small and medium enterprises accelerator program to enable Emirati businesses and local mSMEs to conduct business across ADNOC’s supply chain.


Saudi Arabia’s Sports Boulevard doubles its existing investment fund to $533m  

Updated 27 May 2024
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Saudi Arabia’s Sports Boulevard doubles its existing investment fund to $533m  

RIYADH: Private sector participation in the Sports Boulevard project is set to increase as the foundation behind Riyadh’s largest linear park plans to double its investment fund to SR2 billion ($533 million). 

In a press release, the Sports Boulevard Foundation announced its partnership with Ajdan Real Estate Development Co. and Albilad Capital to add an additional SR1 billion to the private real estate investment fund “Sports Boulevard Real Estate Fund 1.” 

This increased funding will be utilized to bolster private sector participation within the Arts District, one of the destinations within the Sports Boulevard project. 

The Sports Boulevard Development Co. will continue to hold the majority of units in the fund, while Ajdan Real Estate Development Co. will serve as a developer and primary investor, and Albilad Capital will act as the fund manager. 

This partnership underscores the collaborative effort behind the expansion, signifying a strategic alliance aimed at creating a vibrant urban space that enhances Riyadh’s cultural and economic landscape.  

The project aims to develop a mixed-use lifestyle destination consisting of residential, retail, office, and entertainment components.  

Covering a land area of over 39,000 sq. m. at the heart of the Arts District, the total combined built-up site spans approximately 240,000 sq. m., boasting over 100,000 sq. m. of net leasable area.   

The design of this destination draws inspiration from the Sports Boulevard Design Code, influenced by the Salmani Architectural Style. This ensures a dynamic and immersive lifestyle experience for both residents and visitors. 

Situated at the intersection of Prince Mohammed bin Salman bin Abdulaziz Road and Prince Turki bin Abdulaziz Al Awwal Road, it offers expansive public spaces, recreational areas, and cycling-friendly tracks. 

Covering an area of 184,000 sq. m., the project extends beyond private development parcels, providing ample space for recreational activities and pedestrian-friendly pathways, efficiently linked to the promenade and cycling bridge. 

Sports Boulevard, a mega project launched by King Salman bin Abdulaziz in 2019, and supported by Crown Prince Mohammed bin Salman bin Abdulaziz, spans over 135 km on Prince Mohammed bin Salman bin Abdulaziz Road.  

It features safe green pathways for pedestrians, cyclists, athletes, and horse riders, connecting Wadi Hanifah in the west to Wadi Al Sulai in the east. 

Additionally, the project includes over 4.4 million sq. m. of greenery, open spaces, and up to 50 multidisciplinary sports facilities. It also hosts several unique destinations and investment zones, totaling an area exceeding 3 million sq. m.