SABIC, Jeddah Chamber Sign Agreement to Help Create Jobs and Train Saudi Entrepreneurs

SABIC signed a cooperation agreement under its NUSANED™ national initiative with the Jeddah Chamber of Commerce and Industry at the Chamber's headquarters on July 31.

The agreement, signed by Eng. Abdullah Al-Arifi, SABIC Vice President, Local Content and Business Development Unit, and Ramez Al-Ghalib, Secretary General of the Jeddah Chamber, aims to leverage the combined experience of the two sides to help create jobs and qualify Saudi entrepreneurs in various industries through training. SABIC will help employ Saudis as part of its contributions toward the development of local industries and creation of quality jobs. 

Commenting on the agreement, Al-Arifi highlighted the role of NUSANED™ in developing local content as part of SABIC’s key role in supporting and building competitive national industries. The initiative, he said, was launched as the first integrated localization engine by SABIC, with the aim of collaborating with local content-development associates to address the challenges faced by investors and entrepreneurs. 

"The agreement reflects SABIC’s leading role in the industrial sector and its efforts to enable Vision 2030 by qualifying and developing Saudi entrepreneurs within the sector and linking their projects to the NUSANED™ initiative, which aims to identify available investment opportunities in the fields of procurement, downstream and workforce development, and provide support packages to enable entrepreneurs to establish new businesses,” Al-Arifi added.

SABIC established the Local Content and Business Development Unit in early 2017, to be a key enabler of Vision 2030. The unit seeks to provide meaningful opportunities for investors, especially young people, and entrepreneurs who wish to develop their businesses in innovative and promising industries that contribute to enhancing industrial technologies’ localization, creating new job opportunities, and increasing the volume of Saudi exports.