Saudi fresh graduates to find jobs within a year under new government program

Saudi ministers and top officials attend a conference held under the auspices of he Human Capability Development Program. Social media
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Updated 01 October 2021
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Saudi fresh graduates to find jobs within a year under new government program

RIYADH:  Saudi Arabia is taking measures to ensure that graduates find suitable openings in relevant field within 12 months of their graduation, a Saudi minister revealed.

Minister of Human Resources Ahmed Al-Rajhi said by 2030 the Saudization percentage in high-skilled positions will increase to 40 percent.

Saudi Education Minister Hamad Al-Alsheikh, said the government is considering introducing new rules to facilitate and encourage the culture of continued education.

The ministers were addressing a conference in Riyadh on Monday launched under the auspices of the Human Capability Development Program, which was recently launched by Crown Prince Mohammed bin Salman.

The program’s strategy will be built on three pillars: Developing a resilient and strong educational base, preparing for the future labor market locally and globally, and providing lifelong learning opportunities.Referring to the national capability development plan, the minister said it aims to develop a guidance system for high school students to help them make career choices based on their aptitudes.

He said efforts are underway to introduce regulations to attract global educational institutions in the Kingdom, which will boost competition between the local and foreign universities.

Ahmad Al-Faheed, governor of the Technical and Vocational Training Corp., said the government in partnership with the private sector will design training programs to increase employment rates and enhance competitiveness among Saudi graduates.

Minister of Human Resources Ahmed Al-Rajhi said that a primary goal of the program is to match talent with demand in the market, and in case of failure of matching candidates with available jobs, the program will upgrade their skills.

Industry Minister Bandar Alkhorayef said the aim of the program launched by the Saudi crown prince is to transform the Kingdom’s industrial sector along modern lines. He said the Kingdom has no dearth of talent and the local companies have the potential to compete with their global counterparts.

The minister stressed the importance of adopting modern technology for strong industrial growth. 


Aramco awards Italy’s Saipem a new $500m offshore contract

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Aramco awards Italy’s Saipem a new $500m offshore contract

RIYADH: Italian oilfield services company Saipem has been awarded a $500 million offshore contract in Saudi Arabia under its existing long-term agreement with oil firm Aramco.

The contract covers the full engineering, procurement, construction, and installation of a 48-inch trunkline, extending around 65 km offshore and 12 km onshore. The work also includes related subsea facilities at the Safaniya Oil Field, which is among the largest offshore oil fields in the world, according to a statement.

This latest award further cements Saipem’s long-standing presence in the Kingdom and deepens its partnership with Aramco, as well supporting Saudi Arabia’s goal of increasing localization in the oil and gas sector from 40 percent to 75 percent by 2030.

The newly released statement said: “Offshore operations will be carried out by Saipem’s construction vessels currently deployed in the region, while fabrication activities will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam, further helping to strengthen the company’s industrial footprint in the Kingdom.”

It added: “Project execution is expected to leverage Saipem’s proven experience in delivering strategic pipelines and offshore infrastructure in the region, combined with its advanced engineering capabilities.”

The statement further indicated that under the new contract, activities will be carried out in line with the highest safety, quality, and environmental standards that define Saipem’s operations, ensuring efficiency and reliability at every stage.

By combining strengthened local capabilities with advanced technical expertise, the project is set to support the effective development of key energy infrastructure in the Kingdom.

Saipem, which is listed on the Milan Stock Exchange, operates as a “one company” organized into several business lines, including asset-based services, drilling, energy carriers, offshore wind, and sustainable infrastructures.

The firm owns five fabrication yards, along with a fleet of 17 construction vessels and 12 drilling rigs, and is present in more than 50 countries.