ArabWeeks

Bahri, a global leader in transportation and logistics, has announced the signing of an agreement with King Abdulaziz University (KAU) to provide training opportunities to KAU’s Marine Sciences graduates on board its vessels. Bahri will offer intensive practical training for students undergoing Marine Navigation and Engineering programs at KAU as part of its ‘Bahri Society’ initiative. The move comes in line with the company’s commitment to contribute towards achieving Saudi Vision 2030 and its ongoing efforts to train Saudi youth, improve their skills and develop their expertise in the maritime sector.

The ‘Bahri Society’ initiative aims to support local talent and develop a pool of highly qualified individuals that will build a prosperous future for the Kingdom and contribute to economic and social development through their skills and expertise.

Under the terms of the agreement, Bahri will find a berth on board its managed vessels for KAU Marine Sciences students, allowing the cadets to carry out their ‘sea time’ and any other tasks or projects which they are required to complete as part of their study program. Bahri will ensure that the cadets have suitable accommodation and food on board and are treated in the same manner as any cadet that Bahri would employ on board its vessels. As part of this sponsorship agreement, Bahri will absorb the costs involved for each cadet that undergoes training on board its vessels. These costs will include airfare, visa, monthly salary and food allowance. Bahri’s senior maritime officers will assess the trainees based on the procedures applied by the company, thus contributing to the enhancement of training outcomes.

The program, which includes 60 cadets in this year’s edition, will involve practical maritime services training on board Bahri’s commercial vessels, where the student is trained in two phases for six months each. Upon completion of the practical training, the student returns to the Faculty of Marine Sciences to complete the curriculum to obtain their Certificate of Graduation based on their specialization (Navigation or Marine Engineering).

“As one of the leading companies in transportation and logistics, Bahri is committed to recruiting and training the best marine officers and engineers in the world and facilitating the continuous development of our human resources,” said Ali A. Al-Harbi, Acting CEO, Bahri. “Identifying and supporting young talent is one of the main pillars of our ‘Bahri Society’ initiative. As part of this initiative, we have launched a training program for Marine Sciences students that will enable them to enrich their knowledge and gain practical experience in a diverse work environment, while ensuring that they acquire the skills and expertise suited to the nature of the work they will undertake under the supervision of Bahri’s experts.”

Abdulaziz Sabri, Acting President, Bahri Ship Management, said that the aim of the program is to develop the skills of young cadres and enhance their talents within a well-designed scientific framework that will help drive the growth of the marine sector at both the local and international levels. Sabri pointed out that, upon graduation, the students will get the chance to work at Bahri and secure their career.

Ahmed Bakar, one of the trainees, said about the program: “It has been a great experience being part of this program. I had the opportunity to operate navigation devices and assist the Navigation Officer in steering the ship, as well as learn about maritime distress calls and safety systems. I also got to participate in many practical tasks such as verification of shipping systems, examination of ship devices, and others. There is no doubt that I have gained valuable experience in this area, and I think that I will be ready to graduate with the rank of naval officer soon.”

Last year’s Marine Training Program included 29 students from King Abdulaziz University and 27 students from Saudi Aramco, working in the Department of Docks and Maritime Management.

Dussur (formerly operating under the name Saudi Arabian Industrial Investments Company) and GE (NYSE: GE) have signed a joint venture agreement worth more than SR1 billion ($267 million). This announcement follows the summit held earlier this week between King Salman and US President Donald Trump and is part of the announcement GE made on May 20.
The agreement represents significant progress toward achieving the Saudi Vision 2030 by continuing to localize gas turbine manufacturing in Saudi Arabia and helping to further develop a global industrial supply chain for the energy sector. It follows a strategic memorandum of understanding signed between Dussur and GE last year that is expected to result in nearly SR3.75 billion of co-investment by the two companies across multiple sectors in 2017.
The joint venture will create the capacity to supply the majority of Saudi Arabia’s annual demand for gas turbines needed to satisfy the Kingdom’s growing electricity demands. This investment will create added economic value, contribute to the national economy, and boost the local supply chain to benefit Saudi small and medium enterprises (SMEs). Under this agreement, GE and Dussur will strengthen “Made in Saudi” capabilities by expanding manufacturing processes specifically around gas turbine component technology.
Abdullatif bin Ahmed Al-Othman, chairman of Dussur, said: “This landmark partnership between Dussur, a strategic industrial investments and development company, and GE, world renowned technology leader, underlines the commitment of Saudi Arabia to be a global player in the industrial sector in line with the goals of Saudi Vision 2030. This joint venture will contribute to stronger localized manufacturing ecosystems in Saudi Arabia. By creating a global supply chain we can unlock new growth opportunities that benefit the people of both nations.”
Paul McElhinney, president & CEO, GE’s Power Services, GE Power said: “The joint venture underscores GE’s firm commitment to the Kingdom’s Vision 2030, building on its key business growth priorities and emphasizing the growing importance of localization. The reciprocal investment between nations is a natural progression of a fundamentally strong partnership, taking the collaboration to new heights and allowing for the acceleration of key infrastructure projects and their subsequent impact on jobs, supply chains and overall economies.”

Today, V-LINE EUROPE GmbH, a global leader in industrial supply chain solutions, announces the establishment of V-LINE MIDDLE EAST in the Kingdom of Saudi Arabia with a full trading license. The initial investment of nearly 27 million SAR will contribute to create hundred new jobs. This development marks one of the largest investments from a foreign Small and Medium-Size Enterprise (SME) in Saudi Arabia and one that advances the goals of a robust and diversified economy of the Kingdom’s Vision 2030. 

“The establishment of V-LINE MIDDLE EAST is a testament to our enduring success in the Kingdom, which began with the launch of our Jubail branch, V-LINE SAUDI ARABIA, in 2008 under the leadership of Mr. Shahzad Haider,” explains V-LINE EUROPE Founder and CEO Mr. Detlef Daues. “Our unparalleled ability to anticipate and understand the unique needs and objectives of our clients in the region has afforded us the opportunity to work with many exceptional enterprises both in the Kingdom and internationally.” V-LINE’s global expansion now encompasses operations in 20 countries with nearly one billion SAR in annual revenue.

V-LINE EUROPE GmbH has appointed Mr. Anas El Arras as Chief Executive Officer of
V-LINE MIDDLE EAST, bringing a wealth of experience and knowledge to the position. Mr. El Arras describes his new role as one that will “focus on expanding our established portfolio in Saudi Arabia by encouraging further local value creation and reflect our deep commitment to Saudi Vision 2030 by availing opportunities to develop the talents of young Saudis.” 

For Mr. Daues, the establishment of V-LINE MIDDLE EAST is a crowning achievement. “I am very thankful to HRH Deputy Crown Prince Mohammed bin Salman for introducing Saudi Vision 2030,” Mr. Daues explained. “The establishment of V-LINE MIDDLE EAST affords us an opportunity to contribute to the Kingdom’s national Transformation Program by encouraging international SMEs to invest in Saudi Arabia and to support international Saudi-based businesses.” 

Mr. Daues would like to extend his sincerest gratitude and appreciation to the German Ambassador to Saudi Arabia H.E. Dieter W. Haller and H.E. Awwad Al Awwad, Saudi Ambassador to Germany and recently named Minister of Information and Culture, for their continued support and encouragement, as well as the Saudi investment partners who made the establishment of V-LINE MIDDLE EAST possible. “Today is a momentous day in the history of V-LINE,” Mr. Daues reflected. “It marks the beginning of renewed vision and purpose of V-LINE within the Kingdom of Saudi Arabia. Together, we will achieve our shared aim of realizing the goals of Saudi Vision 2030.”

H.E. Dr. Ahmed Abdulkarim Al Kholifey, Governor of the Saudi Arabian Monetary Authority (SAMA), inaugurates the “Second Insurance Career Day” today, 24 May 2017, at The Institute of Finance in Riyadh, which will be held for two days from 24 to 25 May 2017, and will be attended by a number of specialists and officials from the Insurance Sector.

The “Second Insurance Career Day” is deemed as one of the most important gatherings that offers job opportunities in the Insurance Sector to young Saudi Job seekers. It comes as a direct result of the recommendations made in the “4th Saudi Insurance Symposium”, which stressed the importance of Saudiaztion of such vital sector, making serious investments in newly graduates and keeping up with the Ministry of Labor’s initiatives to provide training and qualification programs to young Saudi talents.

Mr. Adel Al Eisa, the official spokesperson for insurance companies and Head of Awareness and Training Committee explained that the “Second Insurance Career Day” aims at encouraging young Saudis to play their effective role in KSA economic development by directing their talents and academic achievements to the Insurance Sector and giving them the opportunity to meet over 30 organization offering young Saudis more than 700 job opportunities. The Second Insurance Career Day comes in line with the aspirations of our government to help create jobs that fit the young Saudis as per Saudi Vision 2030 and to further increase the Saudization of the Insurance Sector that currently stands at 58%.

Mr. Al Eisa called young males and females talents to visit this gathering and explore the job opportunities offered by both national and international companies that enjoy a long track record in the Saudi Insurance Sector. It should be noted that attendance for females will be from 09:00 a.m. to 01:00 p.m., and for males from 02:00 p.m. to 06:00 p.m. Those who cannot attend or are not from Riyadh, please visit www.icd-ksa.com to upload your CV and avoid taking the trouble to attend or travel.