His Excellency Mr. Amr Al-Dabbagh, Governor of the Saudi Arabian General Investment Authority (SAGIA) and His Excellency Adel Mohammed Fakieh, Chairman of the Savola Group, signed a 3-P agreement (Partnership between the Private and the Public sector) allowing the sharing of human resource expertise between SAGIA and Savola. Attending the signing also was Dr. AbdulRaouf Manaa, Savola CEO and Managing Director.
This agreement illustrates the investment authority’s strategy to facilitate bilateral knowledge and expertise exchange in line with SAGIA’s announcement to encourage cooperation with the private sector. The aim of this program is to attract highly experienced professionals from the private sector to work in SAGIA on seconded basis.
The agreement is in line with Savola Group’s social responsibility initiative. The seconded Savola staff will assume an executive position within SAGIA to provide direct training to SAGIA employees. The seconded experts would continue to engage their respective teams in the planning, management and implementation process to ensure cultivation of capability to induce future ownership.
His Excellency, the Governor of SAGIA, expressed his appreciation for the Savola Group participation in the knowledge-sharing program in addition to the other well-known corporations in the Kingdom. His Excellency explained that SAGIA’s strategy is to accelerate and enhance the services provided to local and foreign investors to create a healthy investment climate. He stressed the importance of partnerships between the public and private sector to develop a pro-business environment and to eliminate obstacles facing the investment process in the Kingdom.
To this effect, SAGIA realizes that a talented, creative and competent workforce exists in the private sector and possesses exceptional management, development and team-building skills. This talent pool will play an instrumental role in positively developing the performance and capabilities of SAGIA’s employees.
