91.5% Saudization achieved in SEC

SEC is one of the leading companies attracting local talents in the Kingdom.
Updated 14 November 2017
0

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.


Mastercard: Smart cities key to a more connected MEA

Mastercard was a sponsoring patron at the recent World Cities Summit in Singapore.
Updated 23 July 2018
0

Mastercard: Smart cities key to a more connected MEA

Mastercard, a leading technology company in the global payments industry, continues to champion the fundamental role of smart cities in enabling a more connected and inclusive future for the Middle East and Africa (MEA). The company reaffirmed its commitment to supporting the development of smart cities through meaningful partnerships with both the public and private sectors at the recent World Cities Summit in Singapore, where Mastercard was a sponsoring patron.
Markets across the region are already heavily investing in the future of cities, with figures from the International Data Corporation forecasting that spending on technologies that enable smart city initiatives will reach $1.26 billion in MEA in 2018.
Commending the exceptional efforts of regional governments in implementing smart city initiatives and creating more opportunities for their cities’ transformation into vibrant hubs for innovation, Mastercard experts at the summit shed light on the significance of a “public-private-people (3P)” model and data analytics as key enablers of the technologies that will open doors to the cities of the future.
“An inclusive future for all is a shared responsibility and we believe that effective collaborations hinged on a dynamic public-private-people model is the way forward if we want to unlock the full potential of our cities. Mastercard is focused on making cities more efficient and inclusive by enabling ecosystems that benefit residents, visitors and local businesses. The key to the success of these cities is partnerships, and we will continue to engage with governments, NGOs and leaders in innovation to enable a smarter and more connected future for all,” said J.K. Khalil, cluster head, Saudi Arabia and Bahrain, Mastercard.
As part of its participation at the summit, Mastercard welcomed a delegation of the region’s most prominent journalists and influencers, where it facilitated in-depth discussions with industry experts and showcased the latest technologies to demonstrate and build advocacy for smart and connected cities.
With two billion adults around the world still lacking access to financial services, Mastercard is helping advance inclusive communities globally through its collaborations. The company has partnered with over 60 governments globally to deliver more than 1,600 scalable programs in various cities and communities around the world.