Darren Davis, president and CEO of Saudi mining company Maaden

Darren Davis
Updated 15 April 2019

Darren Davis, president and CEO of Saudi mining company Maaden

Darren Davis has been president and CEO of Saudi mining company Maaden since July 2018. Before his appointment, he led the firm’s corporate finance activities. He became senior vice president for finance and CFO in April 2016.

Davis is also a board member of the US-Saudi Arabian Business Council and an associate of the Association of Corporate Treasurers (UK).

He graduated in 1991 from Aston University in the UK with a bachelor’s degree in business administration. Following a 20-year career in banking, he joined Maaden in 2012.

During his stint as a banker, Davis worked mainly in the natural resources and energy sectors in the Middle East, where he has been based since 1999. Before joining Maaden, he worked as HSBC’s head of resources and for the MENA Energy group from 2004 to 2012.

His extensive banking experience includes mergers and acquisitions, strategic advisory, project finance and debt restructuring. Since joining Maaden, he has managed the company’s extensive debt and equity fundraising program, and played a leading role in establishing the company’s joint ventures with Mosaic and Barrick Gold.

Recently, Davis took part in the Saudi Energy Forum 2019 in Riyadh, which focused on sustainable growth in a competitive environment under the title “The Saudi 4.0 Industrial Revolution.”

The event discussed the Vision 2030 diversification strategy with a particular reference to the Fourth Industrial Revolution.

Saudi Arabia plans to create 561,000 jobs under new digital employment initiative

Updated 24 April 2019

Saudi Arabia plans to create 561,000 jobs under new digital employment initiative

  • Qiwa program aims to achieve the Vision 2030 goal of reducing unemployment rate to 7 percent

RIYADH: Saudi Arabia has revealed ambitious plans to create more than 561,000 private-sector jobs by 2023 as part of a new digital era for the Kingdom’s labor market.

Minister of Labor and Social Development Ahmad Al-Rajhi made the announcement at the launch of the Qiwa online platform, which aims to combine all the country’s employment services under one electronic roof.

Through digitalization, the Ministry of Labor and Social Development hopes to not only boost job opportunities for Saudi men and women, but also improve workplace efficiency and productivity, and attract international investment.

Al-Rajhi said: “The ministry has entered into partnerships and agreements to settle more than 561,000 job opportunities in the private sector until 2023,” and the minister added that 45,000 Saudis had entered the labor market in the last three months.

The new labor force platform will consolidate employment-related e-services already offered to job seekers, employees and employers and plans are in the pipeline to plug a further 71 services into the system.

The Qiwa program aims to provide Saudi government officials with a data mine of statistical information to tackle business challenges facing employers and employees, help create new job opportunities, and achieve the Vision 2030 goal of reducing the country’s unemployment rate to 7 percent. Another key objective is to strategically enhance the Kingdom’s business environment to make it more attractive to local and international investors.

A ministry statement issued to Arab News, said: “The Qiwa platform will have an impact on motivating investors. It will also re-engineer policies and procedures for all services provided to individuals and enterprises on a strong platform that will make a quantum leap in the business world and turn the Saudi market into an attractive market for opportunities and potential for competencies.

“The services are provided in both Arabic and English in order to enable foreign investors to benefit from the services of a strong platform,” the statement added.

The e-services include programs to encourage Saudis to access jobs in their locality by improving the workplace environment and making it more appealing to men and women.

The Kingdom’s public sector is quickly adapting to international standards and labor market demands by digitalizing services, while the ministry is using the latest business management methods to help public organizations increase the competency and productivity of workers while creating a competitive labor market that can partner with the private sector.