Misk Foundation and Virgin Hyperloop One sign major deal

Bader Al-Asaker, secretary general of the Misk Foundation, with Josh Giegel, founder of Virgin Hyperloop One, at the signing ceremony in Riyadh. (AN photo)
Updated 17 November 2017

Misk Foundation and Virgin Hyperloop One sign major deal

RIYADH: The Misk Foundation and Virgin Hyperloop One have announced a memorandum of understanding on providing training, education, and professional opportunities to Saudi youth. The announcement was made at the Misk Global Forum.
The agreement aims to seed long-lasting economic, social, and innovation benefits for the Kingdom by developing a highly skilled knowledge-based, cutting edge workforce.
Virgin Hyperloop One will develop a new transportation network within the Gulf that will bring unprecedented connectivity to the region.
When completed, its network will enable people to travel between most cities in the region in less than one hour.
It will be a significant contribution to making Saudi Arabia a global leader in land transportation, alongside other plans to develop its aviation and maritime logistics.
Josh Giegel, co-founder and CTO of Virgin Hyperloop One, said: “Through this partnership with the Misk Foundation, we hope to empower the youth of Saudi Arabia, cultivating the next generation of technology innovation.”


Agreement signed to train Saudis in construction

Updated 24 January 2020

Agreement signed to train Saudis in construction

RIYADH: The Saudi Human Resources Development Fund (Hadaf) has signed a cooperation agreement for nationals to be trained for jobs in the construction sector, the Saudi Press Agency reported.

The memorandum of understanding, between Hadaf and Saudi Abyat Academy for Building Materials, is aimed at preparing nationals for the labor market through electronic training courses on the Doroob platform.

It was signed at Hadaf’s headquarters in Riyadh and will allow the academy to publish courses on Doroob.

Hadaf will also put in place enrolment standards for the Doroob courses and coordinate their development in line with the needs of the labor market.

Doroob comes within the training and qualification programs offered by Hadaf. It seeks to support Saudis who want professional advancement in their chosen field, as well as increasing the participation level of the national workforce in the private sector and helping job seekers to get better career opportunities.