Cabinet approves Saudi Vision 2030

Updated 27 April 2016

Cabinet approves Saudi Vision 2030

RIYADH: The Council of Ministers has approved Vision 2030, the ambitious plan to transform the Saudi economy away from its dependence on oil, Custodian of the Two Holy Mosques King Salman announced on Monday.
King Salman made the announcement while chairing the weekly Cabinet meeting that focused specifically on the plan proposed by the Council of Economic Affairs and Development led by Deputy Crown Prince Mohammed bin Salman, second deputy premier and defense minister, the Saudi Press Agency reported.
The Cabinet stated the council should “set up the necessary mechanisms and arrangements to implement this vision and follow it up.” In addition, all ministries and government agencies must implement each part of the plan set aside for them.
In a speech, King Salman said that the Kingdom was established based on the Holy Qur’an and the Sunnah of Prophet Muhammad (peace be upon him), and that the government would stick to this mandate in all its decisions. “It is the cradle of the message and the Revelation, and was honored by Allah Almighty to provide a service to the two holy mosques and their visitors.”
King Salman said that he has had the task of ensuring the “comprehensive development” of the country based on Islamic principles since he ascended to the throne. The main aim was to make sure the country maximizes its potential and capabilities, he said.
The government was committed to ensuring benefits accrue from the country’s strategic location and natural resources “to achieve a better future” for citizens. This must be done by adhering to “our pure religion” and the nation’s cultural and traditional values, said the king.
The monarch said this was the basis on which the Cabinet has made its decision to approve the economic transformation plan, which he hoped would be “a model for the world at all levels.”
He thanked the council for the plan, and urged “our sons and daughters, male and female citizens, to work together to achieve this ambitious vision, praying to Allah Almighty for success.” He hoped that it would provide considerable blessings and “progress and prosperity for our dear homeland.”

TheFace: Aghareed Abduljawad, supply chain director at Globe Group

Updated 29 min 8 sec ago

TheFace: Aghareed Abduljawad, supply chain director at Globe Group

  • Aghareed Abduljawad is also the finance director at Abduljawad Holding Co.

It is a great honor for me to be featured in this space, not only to be representing the young women of society but also to be able to share my personal background story.

I am privileged to have been brought up in a home where both my parents did not discriminate between genders but rather promoted equality and equal opportunity and education among me and my siblings.

This shaped me into becoming the eager, persistent, determined, and some would even say competitive, person that I am.

My father has always been a role model for me in business. A well-rounded global engineer by education, a successful businessman by virtue, but more importantly he is my father.

He taught me always to remain strong, fearless, and brave but gave me all the opportunities to be successful by earning it rather than receiving it. This somehow constitutes the core of our business values at Globe Group.

Similar to every family business, boardroom discussions always somehow find themselves at the center of the dinner table, but this is where we can count on my wonderful mother to intervene.

As a graduate in English literature, she brings the arts and cultural side to our family which is always a nice break when we’re constantly thinking of how to grow a successful third-generation business. She is the motivation behind the enhancement of my language skills (truly capturing Arabic, French and English languages) and the hobbies we enjoy (such as playing the piano).

I graduated with a bachelor’s degree in finance from Prince Mohammad bin Fahd University in 2014 and currently hold the position of supply chain director at Globe Group, as well as finance director at Abduljawad Holding Co.

Abduljawad Holding is the investment arm of our business conglomerate, Globe Group. Globe is one of the most established logistics and transportation companies in the region and was founded by my late grandfather Fareed Abduljawad in 1976.

My journey at Globe started very early in my teens, when I enjoyed spending time with my father at the office and learning the trade. I realized with age that no matter how much corporate governance we tried to follow in the company, our code of ethics was very similar to values we were taught at home.

Nothing is given to you on a plate; you need to work hard and earn every merit. Globe is a company that was here before I was born, and we want to ensure it is around for the next generation, stronger and more successful than ever.

Because of our family nature, we tend also to treat our employees as family and end up being one big family running an operation. This goes back to how I was brought up with my siblings; we are much stronger as a team than as one.

Who do I aspire to be? An established, global and successful businesswoman leading the family name and business for the next generation to come, hopefully one day as the CFO.