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SABIC's initiative to contribute SR8.8bn to GDP, create 6,610 jobs


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 ....

Saudi Arabia , Ar Riya , Governmental Procurement Authority , Investment Authority , Medium Enterprises Monshaat , Medium Enterprises Authority , Nusaned Council , Authority For Small , Plastic Applications Development Center , Applications Development Center , General Authority , Medium Enterprises , General Investment Authority , Local Content , Governmental Procurement , சவுதி அரேபியா , ஆர் ரியா , அரசு ப்ரொக்யூர்மெஂட் அதிகாரம் , முதலீடு அதிகாரம் , நடுத்தர நிறுவனங்கள் அதிகாரம் , அதிகாரம் க்கு சிறிய , நெகிழி பயன்பாடுகள் வளர்ச்சி மையம் , பயன்பாடுகள் வளர்ச்சி மையம் , ஜநரல் அதிகாரம் , நடுத்தர நிறுவனங்கள் , ஜநரல் முதலீடு அதிகாரம் ,

Redirecting to Suspended companies to be heavily penalized for human trafficking violations


Suspended companies to be heavily penalized for human trafficking violations
Companies caught committing violations of human trafficking laws will have their crimes clearly underlined in their files, under the directions of the Public Authority for Manpower (PAM), who decided to replace the vague symbolic numbers used before to hide the types of violations and crimes committed by these companies, Al-seyassah reported. The prior system also provided the companies with a kind of legal cover to, in some cases, continue the violations.
The daily said, quoting informed sources that more than 10,000 suspended companies are under review by PAM to erase the old codes, and replace them with newer codes that clearly and explicitly mention the violations committed by these companies, which consequently caused their files to be suspended. ....

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