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TORRENTE COMPLETES POLE HAT-TRICK IN PORTUGAL AS TEAM ABU DHABI TURN ON POWER

 

 World champion edges out Al Qemzi with brilliant F1 qualifying surge

Shaun Torrente completed a remarkable F1H2O World Championship hat-trick by clinching pole position for tomorrow’s Grand Prix of Portugal as Team Abu Dhabi scored a second successive one-two qualifying success in Portimao.

Torrente produced a stunning fastest lap of 42.58s in the third qualifying session to edge out team-mate Thani Al Qemzi, just as he did 12 months ago, by 0.08s on the Arade River Circuit

It was the reigning world champion’s third successive pole position in Portugal and it gives him the chance to repeat his brilliant qualifying and race double triumph on his Team Abu Dhabi debut in Portugal last year.

“It wasn’t a perfect run because conditions were very difficult and the wind made the boat jump about, but the team did an amazing job to prepare it for me,” he said at the finish, as Marit Stromoy marked Norway National Day with the third quickest time.

With Al Qemzi also saving his best for the third qualifying session, the Team Abu Dhabi duo now have the perfect platform as they look to begin the defence of their world team title with another victory tomorrow.

  1. Shaun Torrente – completed a hat-trick of pole positions in Portugal.
  2. Thani Al Qemzi – also saved his best for last in qualifying.

 

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Sports

POORAN TO PLAY FOR GUYANA AMAZON WARRIORS

Nicholas Pooran has been signed by the Guyana Amazon Warriors as their Marquee Player for the 2019 Hero Caribbean Premier League which will take place from 4 September to 12 October. The Trinidadian wicket-keeper batsman played for the Barbados Tridents last year but in a big move for him and the franchise he will be playing for the Guyanese team in 2019.

Pooran has played 11 T20 Internationals for the West Indies and has become a fixture in T20 tournaments around the world. He is also a member of the West Indies squad for the 2019 ICC Cricket World Cup. This will be the third CPL team that Pooran has represented having started his career with the Trinbago Knight Riders before moving to the Tridents.

The rest of the Amazon Warriors squad will be decided at the Hero CPL Player Draft which takes place on 22 May 2019.

Omar Khan, Team Operations Manager, for the Amazon Warriors, said: “Nicholas is amongst the very best T20 batting talents in the world and we wanted to bring him into our team as we push to go one better than last year where we finished as runners-up. He is explosive and exciting, and we are very pleased to be able to have such an impressive young talent representing the Guyana Amazon Warriors this year.”

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DAMAC Towers by Paramount Hotels & Resorts over 85% complete

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DAMAC Properties, one of the region’s largest luxury real estate developers, has announced that its luxury hotel and serviced residences, DAMAC Towers by Paramount Hotels & Resorts, located in Dubai’s Burj area, is over 85% complete.

Developed by DAMAC Properties in collaboration with Paramount Hotels & Resorts, the project continues to make good progress with superstructure works 100% complete, and internal finishes, façade works, MEP works, carpentry and joinery works nearing completion.

The complex comprises four towers stretching 250 metres high and will feature one-, two- and three-bedroom luxury serviced branded apartments, offering an ambience and reflection of the Hollywood glamour and the California ‘cool’ lifestyle, synonymous with Paramount Pictures over the past 105 years.

Niall McLoughlin, Senior Vice President, DAMAC Properties said: “Bringing a Hollywood-inspired lifestyle to Dubai to an iconic development in the heart of the city, DAMAC Towers by Paramount Hotels & Resorts offers everything that discerning residents look for in a premium and fashionable living space – from easy access to high-end shopping and dining experiences, to all the luxuries that come as part of the Paramount brand. We are excited to see this exquisite development take final shape, and upon completion, further elevate the style quotient of the sophisticated and glamorous Burj neighbourhood.”

From exclusive access to landscaped and pool areas, numerous health facilities, on-site parking and a variety of high-end dining establishments, the project has been designed to offer over 1,900 units (including the hotel) with a total saleable area of approximately 2 million square feet. DAMAC Properties is currently selling units in three of the towers to be operated under its DAMAC Maison brand, with the development having an estimated sales value of USD 1.35 billion.

In addition, one tower will contain a five-star hotel complex to be operated by Paramount Hotels & Resorts, which will have over 800 rooms. Hotel rooms will be managed under a rental pool scheme.

Among the numerous awards the DAMAC Towers by Paramount Hotels & Resorts project has won is the ‘Tower Project of the Year’ accolade at the Construction Week Awards in 2016, in recognition of construction best practice, safety and use of innovative technologies.

The successful collaboration between DAMAC Properties and Paramount extends across various projects, including the USD 500 million Paramount Tower Hotel & Residences strategically located on Sheikh Zayed Road in Dubai, with China State Construction Engineering Corporation (Middle East) LLC awarded a AED 554 million contract to build the 27 floors that comprise the collection of luxury residences.

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Andersen Tax & Legal Debuts in Italy

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Andersen Tax & Legal debuts in Italy with the Italian member firm of Andersen Global, Noda Studio, formally adopting the Andersen name. They will operate as Andersen Tax & Legal and are the third member firm to assume the Andersen name in Europe. Andersen Tax & Legal debuted in Spain in March 2017.

“I have been working with the professionals at Andersen for many years, and I look forward to further strengthening that history as we adopt the Andersen name. We share the same values, concern for reputable behavior, and are likeminded in our approach to stewardship and transparency,” the Office Managing Director of Andersen Tax & Legal in Italy, Andrea De Vecchi, said. “We remain committed to providing quality, tailor-made service.”

As Andersen Tax & Legal, the firm will continue to provide tax, financial, accounting, and labor law consultancy for both domestic and foreign companies and individuals.

“The adoption of the Andersen name by our Italian colleagues is very natural,” added Andersen Tax CEO, Mark Vorsatz. “We have been working with Andrea and the team in Italy for several years now and they truly embody all the values of our organization.”

Andersen Tax & Legal in Italy has offices in Milan, Rome, Venice, Brescia, and Monza and a presence in 62 locations globally through the member firms and collaborating firms of Andersen Global. Andersen Global is an international association of member firms with more than 1,800 professionals worldwide.

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Workshop details criteria and requirements of acclaimed CSR award

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  • Arabia CSR Awards Clinic draws in interested businesses and government bodies

In a half day workshop held today in the Millennium Plaza Hotel in Dubai, the organisers, jury and applicants of the Arabia CSR Awards met to discuss the key points of the award. The Arabia CSR Awards is a globally known CSR and Sustainability award that has been launched from the Region by Arabia CSR network but has already become known around the world for its high standards.  With a criteria developed to reflect international frame works and standards (UN Global Compact, GRI, EFQM), only the most committed CSR practitioners are able to make it to the top. Such is the reputation of the award that global experts have called it the most rigourous CSR award in the world. The award is organised in cooperation with United Nations Environment Programme. It has eleven categories from which organisations can choose from, and the deadline for application is on the 31st of May.

The aim of the clinic was to shed light on the award’s criteria, as well as the methodology and requirements related to the application process. The President & CEO of Arabia CSR Network Mrs. Habiba Al Marashi said at the clinic, “The objective of this event is to help registered applicants and potential applicants fully understand the details and requirements of the application.” Joining her was Mrs. Karin Ireton, a member of the award jury, who explained the key points. A panel of speakers comprising of the winners of the 2016 cycle of the awards, shared their experiences, perspectives and insights. Among the speakers were key representatives of Emirates National Oil Company (ENOC) and Interserve. Their presentations highlighted the main elements required to focus on in order to develop award winning applications.

The workshop ended with the official release of the Arabia CSR Best Practices, a publication brought out annually by the Arabia CSR Network. It features a group of winners of the previous cycle of the award and traces their best practices and achievements in CSR and sustainability.

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Etisalat, Miral sign agreement to offer Public WiFi on Yas Island

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Etisalat has entered into a strategic agreement with Miral, the entity responsible for the development and promotion of Yas Island as a destination for leisure, business and entertainment, to provide visitors with Public WiFi.

The service will be available to both UAE residents and tourists with international mobile numbers, and accessed through the ‘UAE WiFi by Etisalat’ network.

The partnership aligns with the country’s ‘smart’ vision which focuses on delivering WiFi coverage across all UAE regions, including Abu Dhabi, Dubai and Northern Emirates. Integrating the most advanced technologies, residents and visitors can look forward to seamless and secure internet access once the service launches.

The strategic project will be rolled out across Yas Island, connecting residents and visitors at all of the island’s various leisure and entertainment assets.

Jamal Alnuaimi, General Manager, Etisalat Abu Dhabi said: “Today the country has the most connected networks in the region due to the long term vision of our leadership. Etisalat has continuously invested in building a superior telecom network to enable connectivity for all residents. We are proud to be associated with this prestigious project that will set a path to enable our network on the entire Yas Island which is one of the best world class destinations today.”

“This strategic partnership with Etisalat comes in line with our continuous efforts to develop the infrastructure of Yas Island to make it a world-class travel and tourism destination,” said Mohamed Abdalla Al Zaabi, CEO of Miral. “We continually look at enhancing our visitors experience through providing an inclusive infrastructure of services, and adding a Public WiFi across Yas Island is another remarkable milestone in that journey”.

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BULLISH DEVELOPERS RELISHING CITYSCAPE ABU DHABI SPOTLIGHT ON RESIDENTIAL PROJECTS

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  • Post-handover payment plans on the table as developers adapt to win over investors

UAE property developers are in a bullish mood as they look forward to showcasing a range of major residential projects to investors at Cityscape Abu Dhabi later this month.

Ras Al Khaimah’s leading developer, RAK Properties, is investing in significant projects across the UAE, including its recently announced AED5 billion small island development within the landmark Mina Al Arab. The property developer will use the exhibition as a platform to highlight its portfolio expansion.

The 11th edition of Cityscape Abu Dhabi, taking place from 18-20 April at the Abu Dhabi National Exhibition Centre, will see RAK Properties introducing investors to Gateway Residences, Mina Al Arab small island’s first low-rise residential tower, offering 144-apartments which will open-up affordable luxury for young families.

“Having established ourselves as a leading developer in our home emirate, RAK Properties has laid our aspirations to cast a wider net for development projects,” said Mohammed Sultan Al Qadi, Managing Director and CEO of RAK’s largest property developer listed on the Abu Dhabi Stock Exchange.

“Over the course of the next five years we will invest in transforming the face of tourism and the residential landscape in Ras Al Khaimah, with the planned handover of more than 600 keys and opening of the emirate’s new social and entertainment hub in Mina Al Arab,” said Al Qadi.

Also coming under the show spotlight will be Tilal City, a 25 million sq ft mixed use development in Sharjah by Tilal Properties, which is offering opportunities to buy land and build property within the emirate for the first time on a 100-year leasehold for all nationalities, and freehold to Arabs.

Vying for the attention of show visitors, the twenty five million sq ft mixed use development of Tilal City,  Sharjah’s first master planned community, features 1,855 plots for villas, townhouses, and other residential and mixed use properties.

An estimated 65,000 people who will live there will pay no service charges or community fees, and the development, surrounded by gardens, also features a shopping mall and 5-star hotel.Finance is offered by Sharjah Islamic Bank

Jordan Gounov, Director of Sales, Tilal Properties said, “Plots originally purchased have currently appreciated in value due to the speedy completion of infrastructure, as well as starting Tilal Mall construction. The plots for villas and townhouses in zone C are already 100% sold out as well as 80% of the plots for buildings surrounded by the Shopping Mall in Zone A. We expect interest and sales to continue throughout the year and we are looking forward to showcasing the project at Cityscape Abu Dhabi.”

Meanwhile the National Investment Corporation, set up to develop Abu Dhabi’s Breakwater area, has described the UAE property market as “dynamic” as it prepares to showcase luxury waterfront homes available exclusively to UAE nationals.

The main focus of the National Investment Corporation at Cityscape Abu Dhabi will be on Fairmont Marina Residences, offering 249 serviced and fully furnished apartments, and Marina Sunset Bay, featuring 67 luxurious waterfront villas, both exclusively for UAE nationals.

“The real estate market in the UAE has proven to be a solid sector and the stability it is currently experiencing will continue to attract investors,” said Clairie Menelaou, Senior Investment Analyst at NIC.

With investors now more astute and demanding, developers are being forced to adapt to win them over. As an example of this, Banke International Properties is now offering post-handover payment plans for two Dubai developments which are being showcased at Cityscape Abu Dhabi – AG Tower in Business Bay and Cassia The Fields at Meydan.

Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the show will see the return of the Cityscape Abu Dhabi Conference featuring a range of unique topics and speakers providing valuable insight into the capital’s real estate market.

Frank Wiesse, Director, Drees & Sommer, Middle East and Lynette Abad, Partner, Property Monitor are just two of the industry experts gearing up to speak at the new Cityscape Talks this year, which will provide visitors and exhibitors alike with live content direct from the show floor, as well as industry sessions focusing on key themes for real estate brokers, architects, engineers and other professionals.

Bringing together investors, developers, government officials and real estate professionals alike, the UAE capital’s largest and most influential property investment and development event is gearing up for a successful edition, with international developers attending the show from more than ten different countries.

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Knauf signs investor partnership agreement with Dubai Quality Group (DQG)

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Knauf, the multinational company and one of the world’s leading manufacturer of building materials, construction systems, has signed an investor partnership agreement with Dubai Quality Group (DQG).

The partnership aims to activate fruitful cooperation between both parties to foster quality, business excellence, innovation, technology performance, and leadership in the construction technology. In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, by making the UAE the most innovative country in 2021.

The agreement signing ceremony was attended by senior officials from both parties. The delegation from DQG was headed by Fatma Buti Al Mheiri, Chairman, Dubai Quality Group, who handed over the Certificate of Investor Partnership to Amer Bin Ahmed, Chief Executive Officer, Knauf LLC, in appreciation for its investment in DQG’s strategies and initiatives. The ceremony was also attended by Ghassan Ibrahim, Specification Manager, Knauf LLC, and Nitika Datt, Assistant Marketing Manager, Knauf LLC. The delegation from DQG included Gishu Damodaran, Financial Controller, and Saleel Shinewi, Subgroup Coordinator, DQG.

This strategic partnership was signed as a part of their mutual association and under the framework of both parties’ efforts to develop quality and business excellence, in terms of enhancing the quality of the construction technology, and implementing the latest initiatives and strategic plans focused on improving performance levels of construction technologies.

The investor partnership between both parties aims at enabling the transfer and exchange of expert knowledge, experiences, best practices, ideas, and the expansion of optimal & productive cooperation.

Fatma Buti Al Mheiri, Chairman of DQG, said: “Partnering with Knauf will add value to DQG, and give them a unique opportunity to make sure that they have the knowledge that can help them way forward. We are keen to conduct this partnership to highlight our pursuit of consolidating, developing and promote quality and business excellence practices in UAE. This reflects our commitment to support the vision of the UAE leadership providing the best of construction technologies that ensure happiness of customers. It gives us significant leverage to develop and introduce new concepts and ideas that will further consolidate UAE’s reputation as a leading innovator in the construction filed. Our goal from the partnership is to help the entities implementing the latest practices.

This partnership has been signed with the objective of providing more towards meeting the requirements in improving performance at the organizational level. Through the investor partnership with Knauf, we look forward to further strengthening our collaboration toward implementing excellence standards and practices at professional levels.”

She added, “Dubai Quality Group is strongly committed to promoting quality and business excellence in this key sector and ultimately establishing a strong foundation that would underpin the long-term growth of construction.”

Collaborating with Dubai Quality Group has been one of our ways of expressing what emphases quality holds for us as an organization. Our Quality policy states that we have zero tolerance for lack of quality and are therefore glad to partner with Dubai Quality group to take forward there expertiseSays Amer Bin Ahmed – Managing Director, Knauf GCC and India”

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New Renault Koleos awarded “BEST SUB COMPACT SUV OF THE YEAR”

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  • Middle East Car of the Year 2017

Renault Middle East is thrilled to announce that the New Renault Koleos has won ‘Best Sub Compact SUV’ award at the Middle East Car of the Year ceremony.

The annual Middle East Car of the Year Awards (MECOTY), held on 30th March 2017 in  Abu Dhabi, reached its final round after 9 months of conducting regional test drives by renowned motoring journalists and public voting.

Speaking about this year’s awards, Marwan Haidamous – Managing Director of Renault Middle East declared: “We are proud to be recognized by one of the most prestigious awards in the regional automotive industry. It is the third award in a row received so far, in less than three months, for the new Koleos following the ones from Arab Wheels and Sport Auto Magazines. Everyone agrees that the new Koleos combines style, comfort and advanced technology and has all the hallmarks of a charismatic SUV. These distinctions confirms the renewal of the Renault band and new product line-up initiated with the new Koleos, Talisman and now with Symbol, Megane and Captur. So far, one for the youngest and most attractive range of the market.”

Getting rewarded at the annual MECOTY awards is a true testament for manufacturers that proves that their models are in line with consumer needs and re-affirms their commitment of providing world-class vehicles and after sales service. The Middle East Car of the Year (MECOTY) is the biggest, most coveted award of the regional automotive industry. It integrates a complex yet transparent nomination and scoring methodology which is developed, tested and implemented by the most experienced ‘motoring minds’ of the industry.

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Cicero & Bernay Expands into Bahrain and Oman

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  • Agency further enhances MENA network capabilities through new strategic affiliations

Cicero & Bernay Public Relations (C&B) is pleased to announce that it has enhanced its strong MENA region network capabilities through new strategic affiliations with Daily Public Relations (Daily PR) in Bahrain, and ProComms in Oman.

The agreements are the latest in a successful string of new affiliations for C&B; in 2016, the agency expanded its reach across the MENA region by securing new footholds in Iraq and Jordan with Bashir Mraish Consultancy, Kuwait with Local Flavor, Saudi Arabia with Y&D, and Turkey with Miya PR & SM. By the end of 2017, C&B will have offices across 14 markets.

Ahmad Itani, COO of Cicero & Bernay, commented: “Daily PR and ProComms both share C&B’s ethos – delivering tailored, impactful communication services for clients – and we look forward to working closely with them to deliver evermore comprehensive and targeted programmes. By sharing complementary insights, we will enrich C&B’s already highly effective delivery across both of its markets and the wider MENA region.”

C&B’s agreements with Daily PR and ProComms include the provision of public relations services, on-ground support, and development of targeted communication and PR strategies that cater to the growing Bahrani and Omani markets.

Daily Public Relations has a reputation for developing its clients’ businesses through the intelligent use of media and communication. The agency is led by CEO Mahmoud A. Nasheet and manages programmes for leading companies including Express Med Laboratories, Turkish Airlines, Al Taweel Engineering and Trans Continental Shipping, with a particular specialisation in the healthcare sector.

Under the leadership of Managing Director Tareq Al Matarneh, ProComms works with major government, telecommunications, and oil and gas clients across Oman, to deliver integrated communication programmes that incorporate public relations, advertising, branding, web design, media planning and event management.

The affiliations support C&B’s wider strategy to secure a strong footprint in the PR industry by enhancing its presence in GCC countries, growing its client portfolio to include multinational corporations, and building a regional and global network of experts who exchange best practices, further professional development, and lend the agency important insights while it expands its regional influence.

C&B is part of The Publicity Network (Publinet), a marketing communication group that includes specialised entities for creative consultancy, digital and social media solutions, event management, branding consultancy, experiential marketing and video production.

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Standard Chartered Bank participates at the 17th edition of Careers UAE in Dubai

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  • Bank introduces number of work environment enhancements

Standard Chartered Bank announced today its participation at the 17th edition of Careers UAE. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Careers UAE is dedicated to empowering UAE nationals in the workforce and will take place at Dubai World Trade Centre (DWTC) from 9-11 April.

With a history of more than five decades in the UAE, Standard Chartered Bank aims to further enhance its brand recognition in the country and raise awareness about the career prospects, professional growth opportunities, and multicultural working environment among the UAE National talent.

The Bank also wishes to promote a culture of meritocracy through focus on outcomes, rather than location or hours worked. In the UAE, Standard Chartered Bank has introduced a part-time and flexible time work schemes for employees. Employees can request for these flexible working patterns to suit individual circumstances and commitments while continuing to meet the needs of the Bank and its clients. The flexible work programme will give participating employees the opportunity to balance work and personal life while also allowing the Bank to reach out to a wider recruitment pool and create more job opportunities for job shares.

Commenting on the Bank’s participation, Julian Wynter, Chief Executive Officer, Standard Chartered Bank, UAE said: “As an international bank deeply rooted in the UAE, we recognise that developing a robust pipeline of local talent is key to our success and to the development of the Banking industry in the country. Our participation today is testament to our continuous commitment towards this country and we are looking forward to meeting graduate and professional Emiratis who desire to grow their career and contribute to the success of both the UAE and the Bank.”

Standard Chartered Bank UAE is committed to creating a more inclusive environment and has enhanced maternity leave days from 90 calendar days to 140 calendar days. The belief is that inclusion is an organisational strength, experienced as part of our brand, which in turn can have a positive impact on key aspects of organisational performance. In addition, there have been enhancements to medical benefits with an increase in maternity limits, introduction of cover for dental treatment and alternative medicine.

Jane Siney, Head of Human Resources – UAE, Standard Chartered Bank, added: “Our main aim is to attract, train and retain UAE National talent looking to develop a career in Conventional or Islamic Banking. Through our continuous participation in the career fairs across the UAE, we aim to attract qualified UAE Nationals able to lead the Bank and the industry in the future. We also want to raise awareness about the various training programmes that we offer.”

“In line with our continuous efforts to distinguish ourselves, Standard Chartered Bank is always looking at improving its workplace by introducing health, work-life balance and career opportunities to be the employer of choice for UAE Nationals.”

Standard Chartered is fully committed to supporting UAE National students and graduates. The variety of training and mentoring programmes at the Bank provides UAE National employees with access to a state-of-the-art learning academy and best international banking practices, standards and products.

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GE partners with WESCOSA

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GE partners with WESCOSA, a Saudi manufacturing firm, to achieve transformational economic growth in support of Vision 2030

  • Underlines GE’s long-term commitment to develop a robust local supply chain
  • The partnership with GE has enabled WESCOSA to secure SAR 25 million in orders over time

In a compelling example of its commitment to supporting local industries, a key goal of Saudi Vision 2030, GE has been a partner and an advocate for the growth of Wahah Electric Supply Company of Saudi Arabia Ltd. (WESCOSA), which manufactures a range of products locally for the power generation, transmission and distribution industry.

As a leading ‘Partner for Transformation’ in the Kingdom, GE’s six-year relationship with WESCOSA highlights how a partnership with a Saudi business can enable impactful national growth and create new economic opportunities for the Saudi business community. Working with WESCOSA, GE shared its best practices and knowledge, and qualified it as trusted GE supplier – a rigorous process that is a major investment for both parties.

When GE first toured the WESCOSA facility, the company explained its ambitious plans for building local capabilities and underlined how a partnership will not only help both entities to expand its business, but to also create new jobs for Saudis and increase business competitiveness.

Today, WESCOSA supplies transformers to GE and provides equipment to the GE Oil & Gas business in the Kingdom and over the course of time, the partnership has secured SAR 25 million in orders for the Saudi company. The partnership also aims to build a solid foundation for WESCOSA to expand its business footprint into regional and global markets, a core aim of Saudi Vision 2030.

Hisham Al Bahkali, GE’s President & CEO for Saudi Arabia and Bahrain, said: “The cooperation we have with WESCOSA has created a win-win partnership that contributes to fulfilling the goals of Saudi Vision 2030. We are committed to working with our partners to strengthen the local supply chain.”

“The ‘Made in Saudi’ products of WESCOSA today are part of our global supply chain, and has created   opportunities for the company to boost its export orders. By working with a local Saudi suppliers, we are in turn closer to our Saudi customers by creating in-country value through job creation, supply chain development and enhancing the competitiveness of the economy.”

Tariq Al Tahini, President & CEO at Electrical Industries Co., added: “Since our inception in 1976, we have been working to meet the growing demand of the oil & gas, energy and power sectors through our products, designed and manufactured in Saudi Arabia. Our focus on local manufacturing of high quality oil filled transformers and electrical equipment, as well as our cable management and industrial services, were an ideal fit to our own and GE’s localization initiatives, complementing Saudi Aramco’s IKTVA program.”

“Partnering with GE helps us to compete not only locally but on a global scale. We share the common values of local innovation, quality, upskilling Saudi youth, building a knowledge-based economy and creating a vibrant local supply chain – all key values outlined in Saudi Vision 2030.”

In June 2016, GE underpinned its long-term commitment to developing the local Saudi supply chain by holding the GE Global Supplier Forum in Riyadh, bringing together over 500 partners and suppliers from 20+ countries to support the aims of Saudi Vision 2030. The forum, held in partnership with MODON, SAGIA and other Saudi organizations, was successful in engaging with international and local suppliers with the regards to the business opportunities in the Kingdom through international collaborations and strengthen public-private partnerships.

Also in 2016, GE was extremely proud to win the ‘Best in Supplier Development’ honor at the Saudi Aramco In Kingdom Total Value Add (IKTVA) Excellence Awards for its ongoing work in creating economic contribution via local Saudi suppliers, developing the local talent pool and enabling local suppliers to grow not only in the Kingdom but also in the region and globally.

WESCOSA offers a wide-range of products designed and manufactured to meet the highest quality standards of the power generation and distribution industry. In 1980s, it became an independent 100 per cent Saudi owned manufacturing company. In 2007, WESCOSA became part of Electrical Industries Company, and became a GE supplier in 2011 working with various GE businesses to this day.

GE has over eight decades of partnership in the Kingdom. It has a 2,000-strong workforce, with 50 per cent of its talent in highly skilled engineering and technology roles, and a Saudization rate of over 70 per cent. Through its local investments, GE has a strong supplier base of Saudi SMEs with the goal of increasing that number to 300 by 2020.

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