Saudis need extra training 'to replace expats'

June 2, 2013

Saudis__expats

Jeddah, Jun 2: The Labor Ministry has made it mandatory for any organization, whether schools, companies or offices, to reserve vacancies in 19 job categories for only Saudis.

These are: Executive HR manager, HR manager, labor affairs manager, staff relations manager, staff relations specialist, staff relations clerk, recruitment clerk, staff affairs clerk, attendance control clerk, receptionist (general), hotel receptionist, health receptionist, claims clerk, treasury secretary, security, broker, key specialist, customs broker and female sales specialists (women only).

Arab News spoke with CEOs, authorities of schools and companies who confirmed that the 19 positions classified above are related to human resources, customer services, health management, accounts, clearing and forwarding agents and, of course, women-sensitive sales areas.

Mohamed H. Zakaria, CEO and general manager of Saudi Steel Profile Company, said that the 19 job categories that are related to the HR department and reserved for Saudi nationals can easily be short-listed or filtered down to three positions. Only companies like Saudi Aramco, Sabic, SEC, or the STC can employ all categories.

“I think the best way to implement Saudization is not through passing legislation but through the sincere and active participation of the private sector and expatriates. The Labor Ministry should seek the help of expatriates to train Saudis to replace them,” he said.

He also said with a per capita income of more than $ 31,000, Saudi Arabia is ahead of many European countries and with 262 billion barrel of oil reserves (excluding natural gas, metals and minerals), each Saudi owns more than a million dollar’s worth of oil.

Forcing Saudis into the private sector will be a temporary way out. Secondly, hiring extra Saudis and putting them on the payroll will throw many private companies out of business, as it will take at least three to five years to train and replace the expatriate work force, especially at the lower and mid levels.

“In fact, most Saudis approaching us for a job don’t even know what job they are seeking and a lot of job-seekers, including Saudis and non-Saudis with even five years of work experience don’t realize that they fall in the entry-level category,” he explained.

Padma Hariharan, director and head of Novel International Group of Institutions, said that these positions are sensitive and organizations, including the government sector, should ensure that the employees they are hiring are sensitive to the needs of the organization, as all positions are ultimately for Saudis only.

She said the area of concern is improvement of communication in English. As the Kingdom has opened its doors to global investment and is encouraging tourism in a big way, it is mandatory for the Saudis employed to effectively communicate in English.

“Training and qualifications are absolutely mandatory to secure the job. The Ministry of Education (MoE) clearly states that we need to appoint Saudi teachers to teach Islamic education, Qur’an, Saudi history and geography and Arabic. Moreover, the Saudi faculty needs graduates in its field. In order to enhance the quality of the work force and the work environment, I would strongly recommend that the government set up a skilled work force center or hub for training professionals in their respective areas,” she added.

Yosef Al Zanbagi, HR manager of MICE Arabia Group for Exhibitions and Conferences, said the royal order has made it mandatory for Saudis to be hired for management positions. Besides, the posts at the lower end of the scale do not require high qualifications. This is why Saudis prefer these posts, thereby easing the problem of unemployment among the citizens.

“Yes, of course training is important. Basically Saudi employees need an educational qualification that matches the position. They then need three months of on-the-job training. In addition to IT knowledge, English, and HR and Management training sessions, the companies usually change the job title or hire expatriates in positions lower than the management level but they perform the same tasks. And some companies do not need these positions. However, after the last royal order there will be no room to circumvent these issues,” he added.

Dr. Hasan Zaman, CEO of Midrar enterprises, said Saudi employers have become more accepting of the fact that hiring foreign labor is not a long term solution.

“Many organizations have started taking steps to send their employees for training and have not used monetary incentives to encourage them. These steps will ensure that a skilled workforce is employed in their organizations,” he said.

The 2013 labor policy has eradicated doubts about the new laws to be implemented. With the exception of posts exclusively marked for Saudis, all other positions for physicians, engineers, nurses, educators, designers, administrators, and even the greater spectrum of technicians, are free to be occupied by non-Saudis.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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Agencies
January 4,2020

Baghdad, Jan 4: At least five people were killed on Saturday by an airstrike on a vehicle convoy of Iraq's Shia Popular Mobilization Forces in northern Baghdad, a source in security forces told Sputnik.

Earlier in the day, the source told Sputnik about a powerful explosion in Baghdad's northern district of Taji.

"A vehicle convoy of the Popular Mobilization Forces has been attacked. According to preliminary data, five people have died. Their names have not been clarified so far," the source said.

On Friday, several senior members of the Popular Mobilization Forces, as well as commander of the elite Quds Force of Iran's Revolutionary Guard Corps Qasem Soleimani, were killed by a US drone attack near the Baghdad International Airport.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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