DACO lays ground for privatization of Dammam airport

The ceremony was attended by various government officials, businessmen, airport executives and representatives of several airlines.
Updated 26 June 2017
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DACO lays ground for privatization of Dammam airport

The new brand of Dammam Airport Company (DACO) was launched on Wednesday. The firm made public its objectives, in preparation for the privatization of Dammam-based King Fahad International Airport (KFIA), and its transference into a wholly-owned subsidiary of the Civil Aviation Holding Company, an affiliate of the General Authority of Civil Aviation (GACA), in early July.
KFIA Director-General Turki bin Abdullah Al-Jawini said, “Air transport has played, through time, an important role in the economic, social and cultural development in the eastern region, highlighting, in particular, KFIA’s significant role, since it has been laid into commission in 1999.”
The geographical advantage, he added, is a basic resource for the development of the whole region, as air transport provides the region’s citizens with employment opportunities through job creation and stimulating the movement of the national economy, trade and investment.
“The ambitious Saudi Vision 2030 has significantly contributed to defining the company’s core objectives, within the program of privatization of KFIA in Dammam,” Al-Jawini said.
The three-goal plan aims at enhancing airport infrastructure, adding new passenger baggage management systems and comprehensive development of the airport’s other facilities, such as improving the runways as a priority, providing all segments of travelers with a comfortable environment through commercial and recreational services, and finally, investing in local youth.
The plan aims to support local youth through training initiatives and suitable jobs.
Al-Jawini said DACO will raise the operational capacity and business-oriented efficiency of KFIA, making it state-of-the-art, with the addition of new passenger halls, runways and offices for various airlines.
He praised the efforts of Eastern Province Gov. Prince Saud bin Naif, and Minister of Transport and GACA Chairman Suleiman bin Abdullah Al-Hamdan.
The ceremony was attended by various government officials, businessmen, airport executives and representatives of several airlines.
KFIA was established in 1999, during the reign of King Fahd.


PepsiCo. launches region’s first Million Women Mentors chapter

Updated 21 August 2018
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PepsiCo. launches region’s first Million Women Mentors chapter

PepsiCo., the global food and beverage company, has launched the region’s first Million Women Mentors chapter in Riyadh. Million Women Mentors is a global movement designed to support the engagement of millions of science, technology, engineering and math (STEM) mentors, both male and female, to increase the interest and confidence of girls and women to succeed in STEM programs and careers.
With female representation in the STEM fields still lower than that of their male counterparts, Million Women Mentors (MWM) aims to be a platform to give women early in their careers the boost they need to thrive in their professions and form the future of the society envisioned by Saudi Vision 2030. The pillars of Vision 2030 support a thriving economy in which men and women have the capacity to contribute to the community’s growth and successes.
“Vision 2030 aims to increase women’s participation in the workforce to 30 percent, and encouraging more women into the male-dominated STEM industries will significantly contribute to this goal,” said Satyavrat Pendharkar, general manager and vice president, Saudi Snacks Foods Ltd, PepsiCo. Saudi Arabia. “PepsiCo. has a global commitment to empowering communities, as well as to creating equal opportunities for anyone to succeed within our company. By deploying the principles of our Performance with Purpose philosophy here in the Kingdom, we hope to provide women with the backing they need to be confident when entering STEM careers.”
MWM started in 2014 and had more than 2 million mentor commitments by 2018 with a goal of reaching 3 million by 2020. The new chapter in Riyadh is the first in the MENA region, with 12 mentors and mentees signed up so far across the fields of supply chain, information technology, research and development, and finance. New mentees will be enrolled into the annual program each year.
Within the coming five years, PepsiCo. aims to have at least two of the program participants in leadership positions.
“PepsiCo. walks the talk when it comes to providing women with opportunities to thrive within the company,” said Delel Chaabouni, chief information officer, PepsiCo. Middle East and North Africa. “I am thrilled to have had the opportunity to launch this important initiative in Saudi Arabia. As a woman in a traditionally male-dominated field, I have first-hand experience in forging a career within a STEM sector, and believe that MWM has the potential to give women the boost of confidence they need to realize they can achieve success in whatever industry they want.”