TVTC, MYNM sign deal to train 400 young Saudis

April 11, 2012

ECO_TVTC

Riyadh, April 11: As part of an ambitious public-partnership plan to reduce dependence on foreign workers, the state-owned Technical and Vocational Training Corporation (TVTC) and Mohamed Yousuf Naghi Motors (MYNM) signed a memorandum of understanding (MoU) yesterday to train 400 young Saudis for jobs in automobile sector. On completion of the training, the MYNM, which has a nationwide network of sales and after-sales facilities for Hyundai cars, will provide employment to the Saudi graduates also.

The agreement was signed in the presence of TVTC Gov. Ali Bin Nasser Al-Ghafis who said that the Kingdom was committed to develop the public-private partnership initiative to provide technology training and tools for young Saudi boys and girls. Al-Ghafis said: "This was one of the major MoUs signed by the TVTC with private organizations, which will go a long way in providing necessary skills to Saudis to work in automobile sector."

He added that the Saudi trainees under this program will receive a monthly stipend of SR1,500 during the training period besides other benefits including medical insurance. "The training program will have components of Korean car technology with focus on a range of skills, which will help the trainees after two years of their employment to open their own workshops," said Al-Ghafis.

The MoU was signed by Hamad Al-Aqla, TVTC deputy governor, in a brief ceremony organized at the headquarters of the TVTC in the Saudi capital. Hazm Sami Jamjoom, NYNM managing director, inked the agreement representing Naghi Motors. Top TVTC officials and MYNM executives attended the event. After the signing ceremony, Fahad M. Al-Otaibi, TVTC media relations manager, conducted reporters on a tour of the exhibition hall to watch the models of new TVTC colleges.

Al-Aqla said: "This program with Naghi Motors will help to provide intensive training to Saudis and eventually the company will hire the graduates." Those joining the program will be given extensive lessons and practical training to become world-class auto mechanics, diesel mechanics, spare parts salesmen, auto technicians, painters and motor electricians."

He added that there was a greater scope for employment in automotive sector of the Kingdom, which is poised to sustain a positive growth outlook over a five-year period. In fact, the sales value of the automobile sector during the five-year period is expected to reach over SR80.6 billion, precisely by 2014. "The robust growth forecast is underpinned by the positive performance of the commercial vehicle segment, which is expected to remain strong over the next five years," said an executive of NYNM/Hyundai.

Asked about the major policies and the future plans of the TVTC, Al-Ghafis said the TVTC had endorsed similar agreements with a few major companies in different sectors. "The plan is to train workers for jobs that are in demand in Saudi Arabia," he said, adding that the new initiative launched by the TVTC is intended to help better align with technical college curriculums with the demands of local companies.

"Some similar partnerships between TVTC and private companies already exist," said Al-Ghafis. The TVTC is working hard to address the training needs of young Saudi boys and girls. "A number of studies, a number of discussions and several projects currently under way to address the skills' gap among Saudis, and how that's related to unemployment and how they can be addressed," he said while giving an overview of the TVTC's programs.

"The commitments from private partners are really commendable," said the TVTC chief, adding that the TVTC is helping to prepare skilled workers for the labor market by designing appropriate training programs and developing partnerships with the private sector. He added that the plan is under way to build 40 technology institutes for girls and 50 for boys in near future. The TVTC projects include the establishment of institutes for training, especially in strategically significant fields.

In fact, the total enrolment of Saudi boys and girls at the existing TVTC colleges exceeds 100,000 now. According to a TVTC report obtained by Arab News yesterday, the TVTC also selects qualified trainers to teach specialist training courses aimed at developing the skills. "The private sector has become a genuine partner of the TVTC in training technical workers," the report added.

It is also seeking international and domestic expertise to operate its training and professional institutes, said the report. The TVTC, which is a premier Saudi government organization entrusted with the task to train Saudi youngsters for jobs in different sectors, currently has 35 technical colleges for boys and 14 technical institutes for girls. It also owns and operates three institutes for military vocational training and 69 industrial institutes across the Kingdom.

On the other hand, the Naghi Motors is a well known name in automotive business, which is one of the best distributors of Hyundai cars in the region mainly because of its excellent sales service, customer handling and innovative support service programs. Naghi Motors is the first company to introduce leasing program for Hyundai cars and offer flexible credit terms. In a short span of time, the Naghi Motors has a strong network of sub-dealers and branches across the Kingdom.

It has its branches in Makkah, Madinah, Jazan, Tabuk, Taif, Khamis Mushayit, Abha, and Bisha, aside from several outlets in Jeddah. "Our ability to provide quality products and personalized after sales service has been instrumental in our rapid and successful growth," said Naghi Motors in a press statement here Tuesday.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 10,2020

Dubai, May 10: Kuwait will enact a "total curfew" from 4pm (1300 GMT) on Sunday through to May 30 to help to curb the spread of the new coronavirus, the Information Ministry said on Twitter on Friday.

Further details of the curfew will be announced soon, it said.

Kuwait on April 20 expanded a nationwide curfew to 16 hours a day, from 4pm to 8am, and extended a suspension of work in the public sector, including government ministries, until May 31.

On Friday the Gulf state announced 641 new coronavirus cases and three deaths, bringing its total number of confirmed cases to 7,208, with 47 deaths.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 18,2020

Riyadh, Jun 18: Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia will resume tourist activities at the end of Shawwal (June 21) after a hiatus of more than three months due to lockdown measures imposed following the outbreak of coronavirus pandemic.

The minister made the remarks during a television interview after chairing the emergency meeting of the Arab Ministerial Council for Tourism on Wednesday. He said that the current indications are positive and that the Kingdom is ready to launch the summer program, which will be a boost for domestic tourism.

“It was revealed in a research study carried out by the Tourism Authority that 80 percent of Saudi citizens want to take advantage of domestic tourism. We will launch the domestic tourism program for the public after having made necessary coordination with the Ministry of Health and the concerned higher authorities,” he said.

Several Arab tourism ministers and officials of the relevant organizations attended the meeting, which discussed the challenges that the region’s tourism sector is facing due to the pandemic. Al-Khateeb pointed out that the Arab Ministerial Council for Tourism, headed by Saudi Arabia, held the virtual session in exceptional circumstances to discuss ways to get out of this pandemic and revitalize the tourism sector.

“Saudi Arabia has initiated a package of financial stimulus activities with a total value of more than $61 billion to protect jobs and businesses and reduce the economic burden of the crisis. The domestic tourism sector has benefited from it as one of the important economic sectors, as it covered 60 percent of salaries of Saudi employees in the private sector for a period of three months,” he added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Arab News
March 9,2020

Dubai, Mar 9: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the end of the deal between Saudi Arabia and Russia that has helped to sustain crude at relatively high levels for the past three years.

There were big falls on Friday when ministers from the Organization of the Petroleum Exporting Countries (OPEC) failed to get a deal with non-OPEC members — the so-called OPEC+ — to extend output agreements. Brent oil was down nearly 10 percent at $45.27 going into the western weekend.

Saudi Aramco took immediate action to cut prices after the OPEC+ collapse, offering big discounts for crude deliveries from next month, when the current output restrictions end.

According to a notification sent to customers by Saudi Aramco, seen by Arab News, the Kingdom’s oil giant will cut between $4 and $8 per barrel, with the biggest discounts being offered to buyers in northwest Europe and the US.

Roger Diwan, an oil analyst at consultancy IHS Market, said: “We are likely to see the lowest oil prices of the past 20 years in the next quarter.”

West Texas Intermediate, the US oil benchmark, fell to $28.27 in November 2001.

The move raises the possibility of a “crude war” between the three biggest oil blocs — the US, Russia and the Arabian Gulf. Some analysts believe the American shale industry is more vulnerable to low prices than either the Russians or the Saudis.

Robin Mills, head of the Qamar consultancy, told Arab News: “I don’t think this was premeditated but Saudi Arabia has clearly swung quickly into action to put the Russians under pressure. But the Russians, with low debt and a flexible exchange rate, can cope with a few months of low prices.”

The boom in US shale has made the country the biggest oil producer in the world, but with high financing costs. Lower global prices would put a lot of shale companies out of business.

On the other hand, American motorists, and President Donald Trump, would be pleased to see lower fuel prices in an election year.

In Moscow, one prominent financier with ties to the Kingdom played down the long-term significance of the Vienna fallout.

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, told Arab News: “Saudi Arabia is our strategic partner, and cooperation between our two countries will continue in all areas. We will also continue to work within the framework of the Russia-Saudi Economic Council.”

One Russian official, who asked not to be named, added: “There is a good relationship between Alexander Novak, Russian energy minister, and his Saudi counterpart Prince Abdul Aziz bin Salman, and I am sure they will continue talking to each other less formally.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.