JEDDAH, 19 June 2005 — Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority (SAGIA), signed an agreement yesterday in Riyadh with Adel Fakeeh, chairman of Savola Group, in the presence of Dr. Abdelraouf Mannaa, Savola’s CEO. The agreement is part of the Expertise Exchange Program launched by SAGIA recently to cooperate with the private sector aiming for a positive relationship with the private sector based on the idea of benefiting from the capabilities of their personnel.
This step also comes as part of Savola’s program for social responsibility. Its personnel on loan to SAGIA will be taking leadership positions and offering training to SAGIA’s employees and therefore become leaders themselves. These personnel would lead their teams in planning, administrative and supervisory projects so that part of their responsibility is to transfer their expertise to the work groups.
Al-Dabbagh thanked Savola Group for participating in this program and understanding its goals.
He pointed out that SAGIA’s strategy focuses on helping the private sector and improve and accelerate the services it provides for Saudi and foreign investors and coordinate with the relevant government administrations to establish an investment environment that attracts capital and investors. That is why it is important that the private sector and SAGIA work together as a team to remove the obstacles that stand in the way of investment and instill the spirit of positive cooperation between the two, according to Al-Dabbagh. And this expertise exchange program is to benefit from the distinguished capabilities of the personnel in the private sector to develop the skills of SAGIA employees which would have a positive effect on the employees and the private sector.
