Firm wins SR900,000 grant for Saudization efforts

Updated 07 August 2015
0

Firm wins SR900,000 grant for Saudization efforts

RIYADH: The Human Resource Development Fund (HRDF) has awarded a grant worth SR900,000 ($250,000) to Mondez Arabia, the Saudi Distribution company of Mondez International, for its continued commitment to training and development of Saudis nationals.
The HRDF award forms part of a series of grants and incentives aimed at increasing Saudi participation in the private sector. It supports the government’s efforts to increase the share of Saudi manpower while expanding work opportunities for Saudi women and boosting youth employment.
Saudi Nationals made up over 50 percent of new hires at Mondez Arabia, including regional business managers and national key account manager. This demonstrates the company’s dedication to developing a talented local workforce in a critical market, and highlights its support for the Ministry of Labor’s Saudization program.
In less than three years, Mondez Arabia has exceeded its employment targets by hiring over 90 full-time Saudi national staff.
This is the second milestone reached by Mondez Arabia in the Kingdom, where the global snacking firm had previously been recognized for its gender diversity, and hiring, training and development of women across both business and production functions. “We are extremely grateful to the government of Saudi Arabia and HRDF for this generous grant. It underlines our long-standing commitment to support the national effort to develop world-class, home-grown Saudi talent. The grant will help us attract the best candidates to launch and advance the careers of Saudis, while also supporting the country’s fast-growing food and beverage sector.”
Mondez International’s largest-selling iconic brands have been sold in the Kingdom for decades through its subsidiary Nabisco Arabia. Mondez International operates one of the largest internationally owned food and beverage plants in the Middle East.
Mondelez International, Inc. is a global snacking powerhouse, with revenues of $34 billion in 2014.
Mondez International and its predecessor, Kraft Foods, have been operating in the Middle East for more than a century, ever since Kraft Foods sold its first can of cheese in the Kingdom of Saudi Arabia in 1912.
Mondez International’s regional hub, located in Dubai, is responsible for operations, sales and distribution in more than 15 countries in the region, including Saudi Arabia, the UAE, Pakistan, Iraq and Algeria.


Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

Updated 18 December 2018
0

Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

A royal decree by Saudi Arabia’s King Salman ordered the continuation of allowances covering the cost of living for civil sector employees for the new fiscal year on Tuesday.

The decree states that 1,000 Saudi riyals ($266) would be given to citizens on a monthly basis.  This will continue for one year until the study of the social protection system is completed.

Saudi Arabia also announced plans to increase state spending by more than seven percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry.