GE signs MoU with MiSK to train young Saudi professionals

Nidal Ghizawi, director of the GE Saudi Technology & Innovation Center, and Bader Al-Asaker, secretary general of MiSK Foundation, exchange documents after signing the agreement.
Updated 03 August 2016
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GE signs MoU with MiSK to train young Saudi professionals

GE signed a memorandum of understanding (MoU) with Prince Mohammed bin Salman bin Abdulaziz Al-Saud Foundation (MiSK) in the field of education and training, to design and launch training programs for young Saudi professionals and executives.
As part of Saudi government’s efforts to establish a knowledge-based economy and develop the skills of Nationals, the MoU outlines the terms to put together special training programs for the leadership development of young Saudi professionals as well as provide consultancy.
The MoU was signed at a ceremony at GE’s Crotonville facilities by Nidal Ghizawi, director of the GE Saudi Technology & Innovation Center, and Bader Al-Asaker, secretary general of MiSK Foundation.
Under the MoU, GE will offer access for Saudi professionals to high-level corporate leadership training at the GE Crotonville Customer Education facility in the US.
Special courses will be developed for Saudi executives for delivery either in Crotonville or at various locations across Saudi Arabia.
GE will also support MiSK and other entities to establish a Crotonville-like Saudi Leadership Academy in the Kingdom.
Hisham Al-Bahkali, GE’s president and CEO for Saudi Arabia and Bahrain, said: “The agreement with MiSK has strategic importance in nurturing the next generation of Saudi business leaders, who can contribute to achieving the goals of Saudi Vision 2030.”
He added: “Saudi Arabia has a wealth of young talent, and by building their skillsets in specific domains, including corporate leadership, we are supporting the Kingdom’s goal to accelerate economic and industrial diversification. This will also help in creating high quality jobs for Saudi young professionals and in building an entrepreneurial ecosystem in Saudi Arabia to help achieve transformational growth.”
The signing of this MoU builds on the efforts of MiSK, a non-profit organization.
Founded in 1956, Crotonville is claimed to be the world’s first major corporate university.


Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019
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Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.