Saudi Arabia jumps up global talent league

Saudi Arabia leapfrogged the UAE in 30th place for the first time and closed the gap on Qatar in 26th position. (SPA)
Updated 19 November 2019

Saudi Arabia jumps up global talent league

  • The Kingdom rose five places in the annual survey

DUBAI: Saudi Arabia has jumped up the global league tables for the quality of its business executives, as measured by the International Institute for Management Development (IMD), the prestigious Swiss business school, in its 2019 World Talent Ranking.

The Kingdom rose five places in the annual survey, leapfrogging the UAE in 30th place for the first time and closing the gap on Qatar in 26th position.

The IMD’s improved rating for Saudi Arabia comes after the Kingdom jumped up the World Bank’s “doing business” ratings and an improved performance in the World Economic Forum’s global competitiveness rankings.

IMD said that Saudi Arabia showed improvements in the investment and development categories it judges, as well as readiness for economic and managerial change.

FASTFACT

1st

Switzerland was first placed in the IMD rankings, followed by Denmark and Sweden.

It also scored high on the availability of apprenticeships, the prioritization of employee training, access to specialist skills and the availability of senior managers with international experience and finance skills.

In terms of its appeal to executive talent, however, Saudi Arabia was further down the placings.

Jose Caballero, senior economist at the IMD competitiveness center, told Arab News that Saudi Arabia could improve its appeal by “encouraging its private sector to prioritize talent attraction and retention, as well as focusing on increasing the levels of worker motivation, and the quality of life it offers.”

He added: “The talent potential of Saudi Arabia is captured in one of the Vision 2030’s key themes: A vibrant society, with strong foundations, especially in relation to education.”

But despite spending a big proportion of its GDP on
education, expenditure per student is relatively low, as is the quality of secondary schools and teacher-pupil ratios. The Kingdom ranks comparatively low down the ratings for adult literacy, Caballero added.

Juhayman: 40 years on
On the anniversary of the 1979 attack on Makkah's Grand Mosque, Arab News tells the full story of an unthinkable event that shocked the Islamic world and cast a shadow over Saudi society for decades

Enter


keywords

 


UAE dives into Lake Manzala project

Updated 21 September 2020

UAE dives into Lake Manzala project

  • Egyptian campaign aims to return the lake to its previous state and revive local fishing industry

CAIRO: The UAE National Marine Dredging Company (NMDC) has announced that it won the rights to the expansion project of Lake Manzala in Egypt, valued at 600 million UAE dirhams ($163 million).

The company’s announcement of the new project came following a disclosure published on the Abu Dhabi Securities Exchange website. It ensures compliance with the principle of disclosure and transparency in force in the UAE.

Lake Manzala is one of Egypt’s largest natural lakes. It is known for its potential fishing opportunities, as it has the basis for high fish stocks due to natural nutrients and a moderate climate throughout the year. It produces about half of the natural fish production in lakes.

The lake has witnessed neglect in recent years, losing much of its importance and wealth. In May 2017 Egyptian President Abdel Fattah El-Sisi launched a national project to develop Egyptian lakes, with a key focus on Lake Manzala.

NMDC said in a statement that winning the project came through its partnership with the Egyptian-Emirati Challenge Company. It said that it will take about two years to implement the project.

NMDC is one of the leading companies in the field of dredging, land reclamation and civil and marine construction in the Middle East. The Lake Manzala development project aims to improve the quality of water to restore free fishing and return the lake to its previous state, which will boost the local market and export output.

President El-Sisi said that Lake Manzala will contribute to enhancing Egypt’s fishing industry, and export operations will be activated after its full development. He directed the border governorates, in coordination with the Ministry of Interior and the Armed Forces, to remove all encroachments and criminal outposts on the lake.

Several days ago, Dakahlia governorate completed a difficult operation to remove encroachments on the lake. A large campaign that used Armed Forces Engineering Authority equipment removed 301 houses in the Abdo El-Salhy area in El-Matareya city, known as the “fishermen’s land,” which was built on areas that were filled in from the lake. The operation occurred after local fishermen were persuaded to obtain compensation for vacating their houses.

Magdy Zaher, executive director of Manzala Lake, said that the engineering authority used 320 excavators and 20 imported suction dredgers to work in the lake.

The authority dredged the upper islands isolated from the water with the help of an Emirati bulldozing company to increase the efficiency and purification of Lake Manzala.

Zaher said the lake project will require several steps.

The most important is the removal of encroachments on the water surface and doubling its area to 250,000 feddans, he said. Dredging and deepening the lake, opening the gates and extending the radial channels to allow Mediterranean waters to enter the lake will follow, he added.

A safety belt will come in the form of a road 80 km long and 30 meters wide, which will surround the lake and prevent future encroachments. It will also divert the course of the Bahr El-Baqar water treatment plant, which pours 12 million cubic meters of sanitary, industrial and agricultural drainage into the lake, Zaher said.