Petroleum Development Oman to help create job opportunities for 21,000 locals

Above, a Petroleum Development Oman facility near Muscat. (Reuters)
Updated 21 March 2019

Petroleum Development Oman to help create job opportunities for 21,000 locals

  • ‘We aim to create 21,000 job opportunities in 2019, and we are confident that we can achieve that number’

DUBAI: State-owned Petroleum Development Oman expects to create 21,000 job opportunities for Omanis this year through the oil exploration and production company’s training opportunities and other undertakings.

“We aim to create 21,000 job opportunities in 2019, and we are confident that we can achieve that number. These are real opportunities that lead to direct employment once the training is completed,” Raoul Restucci, the managing director of PDO, told the Times of Oman.

“A lot of the opportunities we are promoting today exist outside the oil and gas sector, whether it be in tourism, manufacture or logistics. While some of these jobs will be created by PDO, many of the Omanis will be employed by other organizations once they complete their PDO funded on-the-job training.”

The prospective jobs would be spread across multiple sectors – from oil and gas, manufacturing, tourism to logistics – as PDO works with the government in pushing the Omanization agenda.

PDO’s Restucci noted the company has already created more than 5,000 job opportunities so far this year. Meanwhile, the Omanization rate for PDO has reached 81 percent and the company’s target is to reach 90 percent by 2020.

“… the oil and gas sectors are highly Omanized, and where you have expatriates, is where you have a gap in skills, or more likely, experience,” Restucci said.


Getting more women into leadership positions top priority: CEO

This June 23, 2018 photo, shows a general view of Riyadh, Saudi Arabia. (AP)
Updated 18 January 2020

Getting more women into leadership positions top priority: CEO

  • Saudi Arabia is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic

RIYADH: The boss of one of Saudi Arabia’s biggest banks says that getting more women into leadership positions is a top priority.
Samba CEO Rania Nashar chairs the action council for Women in Business created by the Business Twenty (B20), which is the official G20 dialogue with the business community. It represents the global business community across all G20 member states and all economic sectors.
She said the council was set up to boost women’s particpation not only in business but also in global leadership positions.
During the launch of the B20 in Saudi Arabia this week, Nashar highlighted the under-representation of women in the economy.
“There is a gap of 27 percent between male and female workers; 75 percent of males are part of the labor force while only 48 percent of females are working,” she said.
She said it was important not to just talk about women as workers but as business owners.

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Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020.

“That’s why entrepreneurship is very fundamental to our task force,” she said.  “The majority of the finance development programs have incentives for giving loans to females; however, despite the fact that many large borrowers are females, the amount of loans granted to them is far below what is granted to males,” she added.
Nashar said that two-thirds of female business founders feel that they were not taken seriously by investors when they pitch for investments. They also feel that they are treated differently from their male counterparts.
Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020. The Kingdom is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic.