Saudization directly affects economic growth: Labor minister

Ali bin Nasser Al-Ghafis
Updated 24 March 2017

Saudization directly affects economic growth: Labor minister

RIYADH: Ali bin Nasser Al-Ghafis, minister of labor and social development, said Saudization is one of the most important issues affecting the labor market because it is directly linked to economic growth and sustainable national development.
Speaking at the inauguration of the 9th Social Dialogue Forum, which brought together government representatives, workers and employers, Al-Ghafis said: “The Saudization we seek is a productive one, seeking to increase employment opportunities for male and female citizens in the private sector, boost their capacity and efficiency, and re-qualify them, if needed, in order to enable them to work and the country to rely on them as the most important pillars of construction and development. At the same time, this will help the country reduce dependence on foreign labor.”
Faisal bin Abdulrahman bin Muammar, secretary general of the King Abdul Aziz Center for National Dialogue (KACND), said the forum contributes directly to the dissemination of a culture of dialogue among all segments of society.
He said that “bringing the three components of the production sector under the umbrella of the KACND helps achieve a homogeneous vision, diagnose market challenges and eventually achieve a sustainable and productive Saudization.”
Forum participants also discussed the mechanism for selecting priority sectors for Saudization and the role of the public-private sectors partnerships in encouraging and supporting Saudis entering the labor market.
Forum participants also discussed the challenges that may face the Saudization process, proposed solutions, the expected economic and social impact of the program and procedures to be taken to achieve Saudization.
Employers’ representative Mansour Al-Shatri said, “The ministry was keen to hold continuous communication with the business sector to overcome all the obstacles to Saudization, and that it is performing continuous inspections to help maintain the success of the experiment.”
Workers’ representative Nidal Radwan said the dialogue among the parties involved in production is not a luxury, but an urgent requirement for the society, economic growth, and stability.


Saudi-backed electric car breaks through 500 miles range barrier

Updated 12 August 2020

Saudi-backed electric car breaks through 500 miles range barrier

  • Lucid Motors announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan

 

LONDON:A Saudi-backed electric vehicle has broken through the 500 mile range barrier from a single charge.
Lucid Motors, in which Saudi Arabia’s Public Investment Fund is a major investor, on Wednesday announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan.
The results confirm that the Lucid Air is the longest range electric vehicle to date, the car maker said in a statement.
So-called “range anxiety,” where drivers fear being stranded without power in their cars, is a major factor for electric vehicle manufacturers in convincing people to make the switch from traditional gasoline-fueled vehicles.
“Range and efficiency are widely recognized as the most relevant proof points by which EV technical prowess is measured,” said Lucid Motors CEO Peter Rawlinson. “A few years ago we revealed our alpha prototypes of the Lucid Air and promised over 400 miles range; a reflection of our technology at that time. In the intervening period we have achieved a series of technological breakthroughs, culminating in an unsurpassed degree of energy efficiency.”
The PIF agreed a $1 billion investment deal with Lucid Motors two years ago to develop the car at a factory in Arizona.
The production version of the Lucid Air will debut in an online event on Sept. 9, 2020. In addition to the vehicle’s final interior and exterior designs, new details about production specifications, available configurations, and pricing information will also be shared.
Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in early 2021.