The Saudi Industrial Development Fund (SIDF) has signed a Memorandum of Understanding (MoU) with ENGIE, the France-headquartered energy and services conglomerate, to support the development of local talent in Saudi Arabia to meet the demands of the labor market.
The MoU will enable SIDF’s employees to join ENGIE’s knowledge-exchange training program for 2022. The two parties will work together to enhance the efficiency of human capital and catalyze knowledge transfer in line with the objectives of Vision 2030.
The agreement targets to offer new insights and knowledge, improve individual capabilities and advance their professional lives, by enhancing ways of professional development in a way that contributes to meeting the requirements of the labor market.
Turki Alshehri CEO – ENGIE Saudi Arabia
“We are very excited to be working with SIDF on what is one of the most important objectives of the Kingdom, human capacity building. ENGIE is the positive energy partner that will contribute to the Kingdom’s objectives through FDI, job creation, knowledge transfer, and, in this particular case, human capacity development.”
In 2022, the program will offer the Fund’s employees the opportunity to work with the most prominent experts at ENGIE for a period of six months at the company’s headquarters in Paris.
The MoU comes after the successful completion of the program in 2021, with the participation of SIDF’s employees, which played a major role in their upskilling in the field of business development, commercial activities and projects implementation.
This agreement comes within the framework of the Industrial Fund’s endeavor to find and offer training opportunities to transfer knowledge and experiences to its employees, which contributes to enhancing the career path and gaining practical experience, which the SIDF has been doing since its establishment, as it pays great attention to training and qualifying its employees with training and practical programs.
