The Red Sea Development Company Launches Training Program

The Red Sea Development Company Launches Training Program
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The Red Sea Development Company Launches Training Program

The Red Sea Development Company Launches Training Program

The Red Sea Development Company (TRSDC) has announced the launch of the alumni elite program which aims to qualify trainees to occupy future jobs that include hospitality, smart destinations, environmental sustainability, project completion, governance, and legal affairs.

TRSDC, in a statement, said the program, which is slated to launch on January 13, 2020, aims to provide trainees with practical experience through assigned tasks and through working in several departments of the company. This aims to expand the participants’ professional and cognitive skills.

Vocational guidance, training, and job simulation, as well as training courses related relative to disciplines, will also be provided.

The program includes the presence of a supervisor to determine the schedule of the program and the training course for each applicant wishing to enroll.

Applicants are committed to achieving up 70% on-the-job training, 20% career guidance and 10% general training courses.

In addition, trainees will sign employment contracts for jobs that match their qualifications and skills and start working.

The company said that the program’s applicants, which will undergo a two-year period of training, will have the opportunity to develop their skills and find employment in line with TRSDC goal of providing employment opportunities for Saudi nationals.



Abu Dhabi's XRG Targets Gas, LNG Capacity of 20-25 Million Tons a Year by 2035

Sultan Al Jaber, COP28 President, speaks at the United Nations climate change conference COP29 opening in Baku, Azerbaijan November 11, 2024. REUTERS/Maxim Shemetov/File Photo
Sultan Al Jaber, COP28 President, speaks at the United Nations climate change conference COP29 opening in Baku, Azerbaijan November 11, 2024. REUTERS/Maxim Shemetov/File Photo
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Abu Dhabi's XRG Targets Gas, LNG Capacity of 20-25 Million Tons a Year by 2035

Sultan Al Jaber, COP28 President, speaks at the United Nations climate change conference COP29 opening in Baku, Azerbaijan November 11, 2024. REUTERS/Maxim Shemetov/File Photo
Sultan Al Jaber, COP28 President, speaks at the United Nations climate change conference COP29 opening in Baku, Azerbaijan November 11, 2024. REUTERS/Maxim Shemetov/File Photo

XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.

XRG was set up last year as an investment company focused on lower-carbon energy, gas and chemicals, with assets of more than $80 billion.

On Tuesday, its board, whose members include former BP CEO Bernard Looney and Blackstone's Jon Gray, approved the capacity target and a new five-year business plan.

Board members also supported the assessment of potential gas acquisitions and LNG opportunities in North America, Reuters reported.

ADNOC's current US investments already sit under XRG, and the oil giant's Chief Executive Sultan Al Jaber said in March that XRG would make a significant investment in US natural gas in coming months.

XRG has also changed the name of its low carbon energies platform to Energy Solutions to reflect the full scope of the company's strategy, including energy demand linked to artificial intelligence and the digital economy, a company spokesperson said on Tuesday.

The board "endorsed the company's ambition to create a top three global chemicals platform," XRG said.

ADNOC had agreed in October to buy German chemicals maker Covestro for 14.7 billion euros ($16.73 billion) including debt. Jaber later said it would sit under XRG.