Saudi Arabia-based chemical manufacturing company, SABIC has signed an agreement with the Jeddah Chamber of Commerce and Industry under its Nusaned localization initiative in order to provide citizens with employment and training.
The objective of the agreement is to create jobs and qualify potential Saudi entrepreneurs through training in various sectors.
Further, SABIC’s Nusaned initiative aims to identify available investment opportunities in the fields of procurement, downstream, and workforce development, and provide support packages to enable entrepreneurs to establish new businesses.
The agreement was signed by Eng. Abdullah Al Arifi, SABIC Vice-President, Local Content and Business Development Unit, and Mr. Ramez Al-Ghalib, Secretary General of the Jeddah Chamber.
Commenting on the agreement, Mr. Al Arifi said that, “The agreement reflects SABIC’s leading role in the industrial sector and its efforts to enable Vision 2030 by qualifying and developing Saudi entrepreneurs within the sector and linking their projects to the Nusaned initiative.”
SABIC established the Local Content and Business Development Unit in early 2017, to be a key enabler of Saudi Arabia’s Vision 2030.
“The unit seeks to provide meaningful opportunities for investors, especially young people, and entrepreneurs who wish to develop their businesses in innovative and promising industries that contribute to enhancing industrial technologies’ localization, creating new job opportunities, and increasing the volume of Saudi exports,” the company said.
Recently, SABIC launched a pilot project in partnership with UK-headquartered technology company Finboot in order to explore the possibilities of blockchain technology in supporting end-to-end digital traceability of circular feedstock in customer products.