BinDawood Holding awarded GAC compliance certificate

The accolade was presented to BinDawood during a ceremony in Riyadh on Dec. 5.
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Updated 12 December 2023
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BinDawood Holding awarded GAC compliance certificate

BinDawood Holding Company has become one of the first companies in the Kingdom to receive a compliance certificate from the General Authority for Competition.

The accolade was presented during the launch ceremony of an electronic compliance portal, held under the patronage of Dr. Ahmed bin Abdul Karim Al-Khulaifi, chairman of the GAC’s board, in Riyadh on Dec. 5.

The GAC is a government body responsible for protecting and promoting fair competition and combating anti-competitive and monopolistic practices. The compliance certificate is one of the initiatives of the GAC aimed at supporting the compliance of companies with the competition law and its regulations.

BinDawood’s recognition was announced on June 4, highlighting its commitment to upholding the highest standards of compliance.

Dr. Abdulrazzaq BinDawood, chairman of the board of directors, BinDawood Holding Company, expressed his delight at this recognition from the GAC. He emphasized the significance of the company being among the early recipients of the compliance certificate in the Kingdom. “This recognition from the GAC serves as support and affirmation of the company’s progressive steps in this regard,” BinDawood said.

He reaffirmed BinDawood’s continuous commitment to the highest compliance standards in the implementation of the laws, regulations and instructions. “This honor is a result of the commitment of the company, represented by its board and executive management, to adhering to regulations and supporting any programs, plans, or procedures to ensure full compliance,” he added.

On behalf of the BinDawood Holding Company, Dr. Abdulrazzaq expressed appreciation for the General Authority for Competition’s efforts in enhancing the compliance environment in the Kingdom and implementing best practices. 

He commended the authority’s significant efforts in promoting competition among companies and combating monopolistic practices.


Schneider Electric launches academy in Saudi Arabia to build future-ready talent

Updated 04 February 2026
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Schneider Electric launches academy in Saudi Arabia to build future-ready talent

Schneider Electric has announced the launch of the Energy Tech Academy Middle East and Africa in Saudi Arabia, a regional capability platform dedicated to skilling, upskilling, and knowledge sharing.

The launch comes at a critical moment as the Kingdom accelerates energy transition, industrial localization, and human capability development under Vision 2030. The academy reinforces the Kingdom’s leadership role in building future-ready talent while supporting industrial and energy transformation across the wider Middle East and Africa region.

The Energy Tech Academy Middle East and Africa is not a traditional training center; it is a regional platform translating Schneider Electric’s global energy technology expertise into applied capability for Saudi Arabia and the broader region. Anchored in Riyadh, the academy is designed to serve as a benchmark for skills development and enablement across the MEA.

The launch reflects Schneider Electric’s long-term commitment to investing in people and capabilities, and to supporting national priorities across energy, industry, and digital infrastructure.

Mohamed Shaheen, cluster president of Schneider Electric Saudi Arabia and Yemen, said: “This launch reflects our long-term commitment to Saudi Arabia and to building capability that lasts. After more than 40 years in the Kingdom, we continue to invest where impact matters most: in people. Launching the Energy Tech Academy Middle East and Africa from Riyadh underscores our belief that sustainable transformation is built on local capability and trusted partnerships.”

The academy directly supports Saudi Arabia’s focus on human capability development, localization, and Saudi-made outcomes by enabling the skills behind advanced energy systems, industrial automation, and digital infrastructure. Capabilities developed through the academy will support Saudi manufacturing, national projects, and resilient supply chains, while also strengthening regional industrial ecosystems.

“The Energy Tech Academy Middle East and Africa is designed to enable real outcomes,” said Walid Sheta, zone president for the MEA at Schneider Electric. “By equipping talent with future-ready skills across electrification, automation, and digital intelligence, we are strengthening Saudi and regional capability to design, operate, and lead the energy and industrial systems of the future.”

The launch event in Riyadh brought together senior government representatives, industry partners, customers, and Schneider Electric’s leadership, highlighting the importance of cross-sector collaboration in aligning education, skills development, and labor market needs.

Designed as a long-term platform, the Energy Tech Academy Middle East and Africa will continue to evolve through partnerships, programs, and continuous capability development, reinforcing Saudi Arabia’s role as a regional hub for skills, knowledge, and industrial enablement.