TRSP 5th anniversary: 1,000 young people get training to join TRSDC in building tourism future

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Updated 01 August 2022
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TRSP 5th anniversary: 1,000 young people get training to join TRSDC in building tourism future

  • Of 31,435 applications received by the company, only 1,106 were approved
  • Applicants had to clear an English placement test and a psychometric assessment

RIYADH: The Red Sea Development Co. has partnered with Saudi Human Resources Development Fund to provide vocational training for 1,000 nationals — its second batch of students — to encourage a thriving tourism industry in the region.

The partnership comes close on the heels of TRSDC’s first vocational training program, which granted diplomas to 500 Saudis across various fields such as hospitality management, culinary arts, airport services, mechanical engineering, electrical engineering and renewable energy.

“Through this partnership, we will be creating a substantial pool of qualified professionals with the skills and resources needed to establish a new and successful tourism industry in the Kingdom,” said TRSDC CEO John Pagano.




Fadi Al-Aseri, TrsDC education director

According to TRSDC Education Director Fadi Al-Aseri, the second vocational training program seeks to empower young Saudis by creating economic and educational opportunities to achieve their full potential.

The company received 31,435 applications, and only 1,106 were approved. As part of the selection process, the applicants had to clear an English placement test and a psychometric assessment.

“More than 600 students are currently enrolled in educational programs at both diploma and bachelor levels in priority fields for the Kingdom such as renewable energy and hospitality,” Al-Aseri told Arab News.

Strategic partnerships

Besides Saudi Human Development Fund, TRSDC has also tied up with Higher Institute for Water & Power Technologies on the technical services front. Furthermore, it partnered with Bunyan for Hospitality Training Co for courses on luxury and hospitality. The company is also in partnership with the Saudi Academy for Civil Aviation and King Abdulaziz University Faculty of Tourism to skill students in airport services.

According to a company statement, of the 200 seats allocated for the technical services track, 100 percent were filled by men. In comparison, 170 seats in the hospitality track constituted 53 percent women and 47 percent men. The airport track filled 130 seats with 31 percent women and 69 percent men.

In Al-Aseri’s view, TRSDC has built an educational foundation by aligning with the Kingdom’s Vision 2030 blueprint and opened doors for professionals to succeed in challenging fields. He further added that locals constitute over 50 percent of enrolled students.

“Localizing, retaining knowledge and fostering empowerment results in immediate social and economic benefits for local communities,” said Al-Aseri.

The company, in affiliation with the University of Prince Mugrin and EHL Business School, also offers scholarships for graduate students to study international hospitality management and provides job opportunities upon graduation.

“TRSDC’s educational programs are designed based on a solid needs analysis that identifies future project vacancies and requirements, as well as a market analysis,” added Al-Aseri.

As a result, the company works with several internal and external partners to ensure complete alignment, including leading private and public educational institutions, government entities and ministries, operators within the destination, and other sister giga projects, he said.

World-class programs

An excellent example is the company’s collaboration with KAUFT, aviation regulator SACA, and airport operator Daa International, where students prepare for hospitality and airport studies to fill the increasing demand for skilled professionals at the Red Sea Airport. “This program is the first of its kind,” Al-Aseri said.

In addition, the program supported establishing a new hospitality school in Bunyan, a training academy at King Abdullah Economic City where future hoteliers study the essentials of luxury hospitality. The program is conducted in a state-of-the-art facility and is accredited by École hôtelière de Lausanne.

The company’s alliance with HIWPT offers three distinct technical tracks in collaboration with ACWA Power, a strategic partner in powering the project with renewable energy only.

“We believe TRSDC’s vocational training students will serve as catalysts in running the groundbreaking luxury, regenerative tourism destination, putting Saudi Arabia on the global tourism map and helping it follow its ambitious plans to become a world leader,” Al-Aseri said.

The vocational training program at TRSDC continues to impact the lives of all involved, including students, staff, service providers, future guests, and local communities, as well as the Vision 2030 and the Kingdom as a whole, he concluded.


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
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Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.