Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment
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Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

Saudi MODON Wins Five Regional Awards for Human Resources Development, Women Empowerment

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has achieved a significant milestone by securing five leading regional awards in human resources development and women's empowerment for 2024, highlighting the authority's commitment to fostering a creative and inspiring work environment, reported the Saudi Press Agency on Monday.

MODON was named the "Preferred Employer" of the year and recognized for having the "Best Leadership Development" program in 2024. Additionally, the authority came first as the best government agency promoting "Innovation in Employee Engagement" in the public and government sector across the Gulf Cooperation Council (GCC) region.

MODON also achieved second place in the "Innovation and Excellence in Employee Experience" category and third place for its efforts to "Support and Empower Women."

The awards were announced during the HR Awards ceremony, part of the HR Summit Middle East Edition held in Abu Dhabi, UAE. The event took place as part of the 12th GCC GOV HR Summit 2024.

Since its founding in 2001, MODON has focused on developing and managing industrial cities and technology zones in line with Saudi Arabia's national priorities. The authority works closely with both public and private sectors to drive industrial growth.

As a result, the area of developed land in 36 industrial cities across the Kingdom has expanded to more than 209 million square meters, accommodating 6,882 industrial facilities and 436 logistics facilities.

MODON's vision is to be the preferred destination for investment growth and the primary partner for the industrial and technology sectors in Saudi Arabia, positioning itself as a leader in innovation and workforce development.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.