Cristal celebrates graduation of 170 Saudis in Jazan

Updated 20 May 2014
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Cristal celebrates graduation of 170 Saudis in Jazan

Tasnee and Cristal Global celebrated the graduation of 170 young Saudis from Jazan in the first training program introduced by Cristal Academy.
This graduation qualified the young men to join work in Cristal Ilmenite Slagger in Jazan Economic City that will cost $550 million.
Abdullah Al-Swayed attended the celebration on behalf of Jazan Gov. Prince Mohamed bin Naser.
Talal A. Al-Shaer, vice-chairman of Tasnee and chairman and CEO of Cristal Global, and Jamal Nahhas, Cristal president, were also present.
Al-Swayed delivered certificates and granted gifts to the trainees.
Some of them hold engineering degrees and others technical secondary certificates.
Al-Swayed congratulated the graduates and hoped that they would get more opportunities granted by companies to Saudi citizens.
He also thanked Al-Shaer for celebrating the occasion and announcing the program.
From his side Al-Shaer expressed his deep gratitude and appreciation to Al-Swayed for honoring and attending the celebration that included the region’s people to achieve all the best for all.
Al-Shaer also acknowledged to the attendees Cristal history through a documentary film.
He also gave a brief introduction to the training program in Jazan Slagger project showing the job opportunities offered by Cristal.
Al-Shaer said Cristal Academy is an educational organization targets enabling the individuals and work teams, develop their practical and technical skills, and give them detailed information about titanium industry all over the world.
There are 3 facilities in the academy introducing 1500 training courses, 500 online courses, introduced by 60 trainers and 10 experts having variety of knowledge.
Omar Al-Najjar, Cristal VP-HR, said that Cristal requires self-sufficiency of labor by arming the Saudi labor with global skills that make them able to lead the company to the future.
Jamal Nahhas, Cristal president, announced that the factory will start work in mid-2014 to be the first of its kind in Saudi Arabia and the Middle East.
The factory will process the row material of Ilmenite to be transferred to a high quality Titanium Dioxide 85 percent to 92 percent to be used in Titanium Dioxide pigments that is widely and daily used to produce many products like paints, papers, plastics, inks, rubber and others.
The Finnish Toho Titanium Company will offer the best technologies Cristal Slagger in Jazan Economic City for smelting Ferro-alloys (slags) that complies the European Union Standards.
The Slagger will start production with 500.000 tons of Titanium slag in addition to 230,000-235,000 tons of iron to be used as a feedstock for local iron factories for the first time in Saudi Arabia and the Middle East.
Cristal plans to increase the slagger production capacity to 1 million tons.
The slagger will enable Cristal to be strong competitor in market and enable it to cover the international shortage Titanium Dioxide Slag in the next few years.
Cristal mines of row material in Australia will offer the Ilmenite metal for the slagger, and the local facility will offer Titanium metal locally for the first time in Saudi Arabia.
According to Cristal expectations 75 percent of jobs offered by the slagger and 570 jobs in the facility in the next 5 years will be introduced to Saudis.
Tasnee has the biggest share of 66 percent in Cristal and is considered as a pioneer in nationalyzing jobs (Saudization) through its multiple projects especially its newest projects in Hail Economic City that include 4 factories with investment of SR500 million.


Ascott debuts in Africa with Kwarleyz Residence

Updated 15 October 2018
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Ascott debuts in Africa with Kwarleyz Residence

The Ascott Limited has cemented its footprint on the African continent with the opening of its first property in Accra, the capital of Ghana. Kwarleyz Residence, which is managed by Ascott, will be the first upscale international -class serviced residence to enter the flourishing Ghanaian market.
Thomas Wee, Ascott’s deputy managing director for the Middle East, Africa, Turkey and India, said: “Ascott has been managing world-class serviced residences globally for over 30 years. The opening of our first property in Africa, Kwarleyz Residence, enables our worldwide network of corporate clients and the growing international travelers to experience Ascott’s award-winning hospitality on another continent.
“Africa is the world’s second fastest-growing economy after Asia and we see great potential in the region’s hospitality market. Africa’s huge economic growth is fueled by massive infrastructure development, favorable investment policies, and a young population.
With our strong expertise in hospitality management, Ascott aims to set the benchmark in the region by offering business and leisure travelers world-class extended stay accommodation and superior customer service.”
Wee added: “In addition to Kwarleyz Residence, we have secured a contract to manage Ascott 1 Oxford Street which will open in the heart of Accra in 2019.”
Located in the upscale airport residential district, Kwarleyz Residence is surrounded by embassies and the headquarters of gold mining companies. About a five-minute drive from the Kotoka International Airport, the property is within easy access to the Marina Mall at Airport City and Tema Industrial City, via the motorway.
Vincent Miccolis, Ascott’s regional general manager for the Middle East, Africa and Turkey, said: “We are proud to partner with Wonda World Estates to bring the first-of-its-kind hospitality offering to the Ghanaian capital and introduce sophisticated living in Accra with the opening of Kwarleyz Residence.”
Nana Kwame Bediako, president for the Kwarleyz Group of companies, which includes Wonda World Estates, said: “We see this collaborative project with our colleagues at Ascott as another example of Wonda World Estates, Kwarleyz Group, Cola Group and Kensington Residential Partners showcasing, either individually or as a collective, a commitment to the improvement of emerging markets across the African landscape.”
The 40-unit serviced residence provides a variety of studio and one- to three-bedroom apartments.
The property includes facilities such as a restaurant, coffee lounge, sky bar, rooftop garden and basement parking. Guests can relax and rejuvenate in the gymnasium, outdoor pool or spa.
The International Monetary Fund forecasts that Africa’s economy will be the second fastest growing in the world with an annual growth rate of 4.3 percent from 2016 to 2020. Ghana is ranked Africa’s fifth most attractive investment destination. Its foreign direct investment increased by nine percent to a record $3.5 billion in 2016.