Latest news with #Makeen
Argaam
12-05-2025
- Business
- Argaam
ASAS Makeen's Nomu offering price set at SAR 80/share
Yaqeen Capital, financial advisor and lead manager for the initial public offering of ASAS Makeen Real Estate Development Co. on the Nomu -Parallel Market, set the offering price at SAR 80 per share, according to a statement to Tadawul. The offering period is scheduled to take place from May 19 to May 25. For More IPOs According to data compiled by Argaam, Makeen plans to offer one million ordinary shares—representing 10% of its capital—at a par value of SAR 10 each to qualified investors. ASAS Makeen was established as a limited liability company in 2011 in Riyadh. It later transformed into a closed Saudi joint-stock company. Its current actual business activity is developing and investing in land plots through the construction, marketing, and leasing of real estate units, commercial complexes, and office buildings on plots owned by the company or by third parties.
Observer
14-04-2025
- Business
- Observer
Over 1,600 Omanis hired in transport, IT sectors in Q1
MUSCAT: The Ministry of Transport, Communications and Information Technology (MTCIT) has announced the employment of 1,450 Omanis in the transport and logistics sector and 236 in the information technology sector during the first quarter of 2025. The initiative is part of a broader strategy to localise jobs and reduce dependence on expatriate labour across key economic sectors. By the end of 2025, the Ministry aims to create 4,950 job opportunities for Omanis in the transport and logistics sector and 430 in the IT sector. A series of regulations and initiatives have been launched to support this goal, including binding Omanisation rates and wage support mechanisms. In the transport and logistics sector, the Ministry achieved a 21% Omanisation rate during Q1, with a target of reaching 10% Omanisation in technical and leadership positions by year-end. Similarly, in the IT sector, the Ministry is aiming for a 63% overall Omanisation rate and 41% in specialised and leadership roles. To support these objectives, the Ministry has introduced various measures, including: Wage Support Initiatives: Financial support for Omani employees in select IT professions and projects. Freelance Opportunities: Promotion of income-generating freelance work in IT through structured programs and agreements, such as the one signed with Awasr Company to create 58 freelance roles. Training & Upskilling: More than 990 Omanis have benefited from the Makeen (National Initiative for Digital Competencies) programme during Q1, aimed at equipping youth with advanced digital skills. On-the-Job Training: Around 50 Omanis received training in semiconductor projects, while 210 are currently undergoing training for future roles in transport and logistics. Specialised Driver Training: In collaboration with the Oman Logistics Association, 52 Omanis were trained as locomotive and trailer drivers. The Ministry is also working closely with the Ministry of Labour to enforce Omanisation across critical roles in the maritime sector, including captains, chief engineers, and navigational officers. New measures require approvals from the Labor Market Regulatory Committee before work permits for these positions can be issued. Additional efforts include the enforcement of a 20% Omanisation rate in supervisory roles within last-mile delivery services and mandatory localisation targets for executive and consultancy roles in contracted firms. Together, these integrated strategies reflect the government's commitment to empowering the Omani workforce and aligning employment policies with Oman Vision 2040's objectives of economic diversification and sustainable job creation. —ONA
Times of Oman
14-04-2025
- Business
- Times of Oman
Ministry of Technology kicks off second edition of "Makeen" programme
Muscat: The Ministry of Transport, Communications and Information Technology (MTCIT) has launched the second edition of the "Makeen" Camps at the Programming Academy headquarters. The current intake includes 40 trainees who are divided into two main specialisations: Data Science and Artificial Intelligence, and Comprehensive Web Application Development. The training programme for the "Makeen" Camps is designed to equip young Omani nationals with skills in modern technical fields through an intensive 16-week academic phase, followed by an 8-week practical placement in government and private sector organisations. This structure aims to enhance the trainees' opportunities to gain practical, real-world experience, thereby better preparing them for the employment market. The first day of the current camp involved interactive sessions focused on building team spirit and promoting collaboration. Trainees also received an overview of the overall programme and the projects they will be working on during the camp. They were also introduced to the Academy's team and the learning environment. The current group of trainees was selected from over 1,040 job seekers who underwent a thorough screening process involving assessments and personal interviews to identify the most suitable candidates for the programme. The second edition of the "Makeen" camps aims to train a total of 200 participants across three intakes during 2025. Participants receive a monthly financial grant and laptops, contributing to a comprehensive training environment that supports both learning and practical application. As part of the programme's plan for geographic expansion, the second intake of the camp will commence in Sohar on April 20th, focusing on the specialisations of Systems Engineering and Network Security Engineering. Subsequent intakes will be launched in the governorates of Sur and Salalah. This expansion aligns with the Ministry's efforts to support the empowerment of Omani youth throughout the Sultanate's governorates and to promote the principles of innovation and the digital economy in line with national digital transformation trends.
Muscat Daily
08-02-2025
- Business
- Muscat Daily
MTCIT expands digital competency training for youth in Oman
Muscat – The Ministry of Transport, Communications and Information Technology (MTCIT) has launched the second edition of the National Initiative for Digital Competencies, known as Makeen, to train Omani youth in specialised digital skills and prepare them for leadership roles in the country's digital transformation. This year's initiative, launched on Thursday, aims to train 200 graduates across multiple specialised tracks, with new fields introduced, including network security engineering and cloud computing. A ministry official stated that these camps are designed to provide advanced training in cutting-edge technology, enabling Omani talent to compete effectively in the job market. Building on the success of the first edition, held between 2023 and 2024, this year's programme has expanded its reach beyond Muscat. Training camps will be held in Suhar, Sur, and Salalah, ensuring more graduates across the country can participate. Registration for the first batch of participants is open from January 30 to February 13. The training covers fields such as web development, data science, artificial intelligence, systems engineering, and network security engineering. The camps will commence on April 13 in Muscat and April 20 in Suhar. Admission will be based on assessments and personal interviews to match participants with the tracks most suited to their skills and interests. Dates for Sur and Salalah will be announced later. Each camp will feature a 16-week training programme conducted at the Programming Academy's labs, focusing on both technical and professional skills. This will be followed by an eight-week on-the-job training period at government or private institutions, providing participants with practical industry experience. The first edition of Makeen camps trained 100 graduates in fields such as data science, artificial intelligence, mobile app development, and cybersecurity. The strong demand and positive outcomes have led to this year's expanded programme, which accommodates more participants and introduces additional training tracks. By equipping graduates with in-demand skills, Makeen aims to bolster Oman's technological workforce and improve employment prospects in the communications and information technology sector.
