The Saudi Industrial Development Fund and ENGIE will enter a Memorandum of Understanding to improve the development of local talent in the Kingdom of Saudi Arabia to meet the demands of the labor market. The SIDF and ENGIE are together to enhance the efficiency of human capital and catalyze knowledge transfer in line with the objectives of Vision 2030.
The partnership will accommodate for an internship program where several SIDF employees will have the opportunity to work at ENGIE headquarters in Paris or any of the 70 countries where ENGIE operates.
The internship program is a 6 month to 1-year program that will enable several SIDF professionals to work hand in hand, on an annual basis, with ENGIE professionals. The program will not only support the development of local professionals but also strengthen the ties between the two nations.
‘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’ said Turki Alshehri, CEO of ENGIE in Saudi Arabia.
ENGIE has been present in Saudi Arabia for decades and is established as one of the largest independent power and water producers in the Kingdom, and as a leader in energy services.
The signing of this MoU forms part of ENGIE’s desire to localize its business as much as possible, by hiring, developing and retaining local talents. To that end, ENGIE Middle East, South & Central Asia and Turkey (MESCAT) launched in 2017, the Leadership Development Program for Nationals, which already benefited to dozens of young professionals from GCC countries.