GE – Strategic Partner of the 6th Global Competitiveness Forum in Riyadh
GE is excited to be a Strategic Sponsor of the sixth Global Competitiveness Forum (GCF) to be held from January 21 to 24 in Riyadh.
The Global Competitiveness Forum (GCF), is an annual meeting of global business leaders, international political leaders, and selected intellectuals and journalists brought together to create a dialogue on the impact organizational and national competitiveness can have on local, regional, global economic and social development. The GCF was founded in 2006 by the Saudi Arabian General Investment Authority (SAGIA) and will be held under the patronage of the Custodian of the Two Holy Mosques King Abdullah Bin Abdul Aziz Al Saud.
The annual GCF this year focuses on the theme of entrepreneurship covering all related aspects including social entrepreneurship. The objective of the conference, which brings together industry leaders from around the world, is to further strengthen the competitiveness of the Kingdom.
Saudi Arabia is ranked 17th in the Global Competitiveness Index issued by the World Economic Forum’s Global Competitiveness Report in 2011-12, a rise in ranking from 21 in 2010-11, marking the significant strides the Kingdom has achieved in promoting a culture of business competitiveness.
With over 1000 GE employees in the Kingdom across seven offices and facilities, GE has a long heritage of over 80 years of operation in the Kingdom. The company has invested more than SAR 1 billion in localization and manufacturing projects in the Kingdom last year only, and plans to double its workforce by 2013.
This will be led through initiatives such as the GE Energy Manufacturing Technology Center opened in 2011 that further supports the Saudi vision of promoting manufacturing and exports. Also featuring a dedicated training facility, the Center has the potential to create more than 2,000 direct jobs including 500 jobs for Saudi technologists.
Currently, several of these young professionals are being trained by GE through its educational programs in partnerships with leading universities such as King Fahd University of Petroleum and Minerals and technical colleges under the Technical and Vocation Training Corporation (TVTC).
The Global Competitiveness Forum will host over 100 governmental, industry and other sectoral leaders from around the world. More than 30 special workshops will be held addressing the two key themes of the conference this year – ‘Business Excellence’ and ‘Competitiveness.’ The event is set to create dialogue with respect to the positive impact organizational and national competitiveness can have on local, regional and global economic and social development.