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Thursday, 31 December, 2020 - 11:00
Nusaned signs strategic partnerships agreements and memoranda of understanding on Wednesday. (SPA) Riyadh - Asharq Al-Awsat
The Nusaned Council revealed that since its launch, it has graduated 106 investors qualified to start projects that will create 6,610 jobs and contribute more than SAR8.8 billion ($2.3 billion).
The Council, an initiative launched by the Saudi Basic Industries Corporation (SABIC) in 2018, celebrated on Wednesday the graduation of 43 new investors at the SABIC Plastic Applications Development Center (SPADC) in Riyadh.
It signed several strategic partnership agreements and memoranda of understanding to qualify and empower SMEs and create advanced commercial products.
The MoUs and partnerships are also aimed at bolstering cooperation with the Saudi business community and universities in the areas of sustainability and innovation and develop training and manufa
December 30, 2020
According to the agreements, the initiative with the General Authority for Small and Medium Enterprises (Monshaat) aims to connect the enterprises with purchasing opportunities in the public and private sectors.
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RIYADH SABIC’s national initiative, Nusaned, qualified 43 entrepreneurs to invest in the Saudi market whose projects will create 6,610 job opportunities and contribute SR8.8 billion to GDP.
Their qualification was celebrated at SABIC Plastic Applications Development Center (SPADC) in Riyadh during which several agreements and memorandums of understanding (MoU) for strategic partnerships were signed to empower small and medium enterprises and to create commercial products.
The MoUs and agreements also aim at strengthening cooperation with the Saudi business community and universities in the fields of sustainability and innovation as well as developing training and industry programs, which will contribute to localizing tech
Sabic’s localisation initiative contributes $2.4bn to GDP
, December 30, 2020 The Nusaned Council has celebrated the graduation of 43 new investors at the SABIC Plastic Applications Development Center (SPADC), bringing the total number of graduates since the launch of the initiative to 106 investors qualified to start projects that will create 6,610 jobs and contribute more than SR8.8 billion ($2.35 billion). Several strategic partnership agreements and memoranda of understanding were also signed to qualify and empower SMEs and create advanced commercial products. The MoUs and partnerships will also help strengthen cooperation with the Saudi business community and universities in the areas of sustainability and innovation and develop training and manufacturing programs to contribute to localizing technologies and industries in the Kingdom.
KSA’s Alhokair eyes 57 new F&B outlets, 50 more retail stores
Group aiming to open around 57 food and beverage outlets in next 12 to 16 months, at least another 50 retail stores
Updated 25 March 2021
March 25, 2021 19:43
DUBAI: Saudi retail conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair) is moving forward with an ambitious expansion plan, aiming to open around 57 food and beverage outlets in the next 12 to 16 months, and at least another 50 retail stores in the fashion, cosmetics, beauty and sports sectors, the company’s CEO told Arab News.
“We are always exploring every interesting brand that has a future potential, ‘omni-chanellable,’ ‘Instagramable,’ and has a potential in the Saudi market,” Marwan Moukarzel, CEO of Alhokair, told Arab News, adding that he aims to add another two or three international brands in the coming weeks.