91.5% Saudization achieved in SEC

SEC is one of the leading companies attracting local talents in the Kingdom.
Updated 14 November 2017

91.5% Saudization achieved in SEC

The Saudi Electricity Company (SEC) has achieved 91.5 percent nationalization of its staff due to the success of its policy of training and developing the skills of Saudis who have replaced expatriate workers in the past few years, according to Abdulrahman bin Mohammed Al-Obayed, senior vice president of human resources at SEC.
Al-Obayed said over 23,000 Saudi engineers and technicians are currently handling operation, management and maintenance of the SEC’s electric system.
“The policy of nationalization of different technical and administrative jobs is progressing at an accelerated pace in all sectors, thanks to the efficiency of young national talents and the role played by the company’s training institutes and centers. These institutes and centers seek to upgrade the skills of many national cadres annually and at the beginning of 2017 they have successfully boosted nationalization rates to a record level at generation plants and technical jobs in different specialties of the power industry in the Kingdom,” he added.
Al-Obayed attributed the high rate of nationalization to SEC’s strategy of attracting technical and administrative competencies through leaders and talent management programs. He said SEC is one of the leading companies attracting local talents in the Kingdom through its adoption of a number of financial incentives and creative programs for outstanding performers.
“We are aiming at more than nationalizing all jobs at a record level by depending on the national cadres to implement the Kingdom’s strategy of nationalizing the electric industries. These cadres are our only means of transforming the Kingdom into a promising regional center for electric industries. The government aims to provide additional electric jobs for Saudi youth in order to support the national economy and achieve self-sufficiency in equipment and materials, in addition to exporting them to the neighboring countries in line with Vision 2030 and its objectives to diversify the sources of national economy,” he added.
The SEC CEO said Saudis have been trained in international companies and factories as well as specialized institutes in the US and Europe. “We have signed agreements with China, Japan and South Korea to train the national cadres and transfer advanced technologies into the Kingdom,” he added.

Ascott launches Festive50 offer in Jeddah, Turkey

Updated 21 October 2018

Ascott launches Festive50 offer in Jeddah, Turkey

The Ascott Limited (Ascott) has announced a special offer across selected properties, in celebration of the festive season.

The Festive50 offer is available across Ascott’s Jeddah properties — including Ascott Sari Jeddah, Ascott Tahlia Jeddah, Citadines Al-Salamah Jeddah and Spectrums Residence Jeddah — as well as Somerset Maslak Istanbul in Turkey. Guests can enjoy 50 percent off their stay until the end of 2018. 

Properties are located close to various restaurants and attractions for travelers to enjoy. The serviced residences also provide guests with a range of facilities and amenities to further aid in their convenience, including fully equipped gymnasiums, swimming pools, lounges, restaurants, parking and meeting facilities.

Ascott Sari Jeddah is located among prominent shopping malls and the Jeddah corniche, a key attraction for visitors to the city. Various entertainment and lifestyle offerings are available in the vicinity, including the tallest fountain in the world, King Fahd’s Fountain.

Ascott Tahlia Jeddah is situated in the heart of the city, providing guests with easy access to many multinational companies, fashion boutiques, restaurants and cafés. 

Citadines Al-Salamah Jeddah, in the north of the city, is surrounded by a variety of culinary hotspots. Given the city’s close proximity to the Red Sea, guests are often spoilt for choice due to the number of top seafood restaurants in the area.

Spectrums Residence Jeddah, on Prince Sultan Road in the Al-Salamah district, is in the vicinity of shopping malls, international schools and hospitals. Its prime location allows travelers to enjoy balanced living in the bustling city. 

Those looking to venture out of the Middle East for a quick escape, can head to Turkey to avail the Festive50 offer at Somerset Maslak Istanbul. The property lies within Europe’s largest lifestyle development, the new Maslak 1453. Providing an oasis of calm in the bustling city, the property is the perfect balance between work and play.

The Ascott Limited is an international serviced residence owner-operator. The Singapore company has more than 55,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as over 39,000 units which are under development, making a total of more than 94,000 units in over 630 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection and lyf. Its portfolio spans more than 160 cities across over 30 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust.