The Azm program aims to focus on practical training courses that meet business needs and are linked to employment within the Fund's corporate system and its private sector partners.

Riyadh: The Public Investment Fund (PIF) announced the opening of registration for the "Azm" program, designed to develop and employ Saudi talent in technical and professional fields. The program was recently launched by the fund in partnership with several government institutions and private sector companies, including PIF-affiliated companies.

The Azm program aims to develop Saudi talent and train a new generation of skilled individuals who meet labor market needs. This program is implemented in collaboration with a network of companies affiliated with the Fund and its private sector partners. This is achieved through an integrated model that combines recruitment, qualification, and direct employment through specialized training programs. This is part of the Fund's efforts to promote economic growth and develop human capital.

The partnership within the "Azm" program includes the Human Resources Development Fund, Colleges of Excellence Company, "Roshen Group" (a PIF company), and the Technical and Vocational Training Corporation. The "Azm" program also grants internationally recognized certificates that facilitate direct employment opportunities. Those interested can view the conditions and register for the educational and training tracks currently offered by the program, which include the fields of construction project management, facilities management, in addition to health, safety, and the environment, via the following link: https://pif.gov.sa/ar/private-sector-hub/private-sector-initiatives/azm/learners /

The Azm program develops specialized theoretical and practical training curricula to enhance knowledge localization, attract Saudi talent, and build partnerships with public and private sector institutions. This contributes to reducing the cost of knowledge and practical development, employing specialists at Azm program partner agencies and companies, and addressing the shortage of specialized training in advanced technologies and new and emerging fields.

On this occasion, Yazeed bin Mohammed Al-Rashed, Director of Partnerships and Planning at the General Administration of National Development at the Public Investment Fund, said: “At the Public Investment Fund, we always work to invest for the better, especially in human capital, to enable every individual to benefit from new opportunities and contribute to shaping the future. Investing in human capital is a key component of the Fund’s efforts to contribute to achieving sustainable economic and social development. The start of registration for the Azm program reflects the Fund’s and its partners’ commitment to developing the skills of national cadres and keeping pace with the growing demand for national expertise in promising strategic sectors.”

In turn, the Colleges of Excellence Company contributes to the implementation and management of the Azm program, including overseeing operational and contractual work with training providers, managing registration and assessment processes, organizing introductory tours and promotional events, and equipping and operating the facilities and infrastructure necessary to ensure the training programs are delivered to the highest standards.

Roshen Group, the strategic partner of the Azm program, is contributing the necessary support to develop the program's executive model, participating in corporate governance and guidance, supporting trainee recruitment and follow-up processes, employment mechanisms, and linking with the labor market, in addition to contributing funding to the program.

The Human Resources Development Fund will contribute to supporting the Azm program and joint cooperation to qualify, train, and empower promising national talent in a group of companies in the first batch of the program, including the Bin Laden Group, Muheel , Jasara, Al Mabani, AECOM , Hassan Allam Holding, FAMCO, and Nesma. The number of companies benefiting from the program is expected to increase in future batches.

The Technical and Vocational Training Corporation (TVTC) participates in developing and implementing training programs and courses, attracting targeted groups of trainees to participate in the "Azm" program, and empowering and connecting the Corporation's male and female trainees with training and job opportunities available within the Fund's network of companies and its private sector partners in specific training courses.

The Public Investment Fund's investments have contributed to the creation of more than 1.1 million direct and indirect job opportunities in the Kingdom and around the world. The Fund and its subsidiaries invest in a number of educational and professional development initiatives aimed at localizing knowledge, developing the skills necessary for long-term economic and social transformation, and creating job opportunities. These initiatives include the National Automotive Academy (NAVA), the Graduate Development Program, the Industrial Accelerator Program to enable entrepreneurs to develop competitive products and services, and the Musahah Design Competition, dedicated to Saudi students and emerging local design companies.

About the Public Investment Fund :

The Public Investment Fund (PIF) is one of the world's largest and most influential sovereign wealth funds. Its Board of Directors is chaired by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister, Chairman of the Council of Economic and Development Affairs (CEDA), and Chairman of the Board of Directors of the Public Investment Fund (PIF). Since 2015, the PIF's Board of Directors has been restructured and linked to the Council of Economic and Development Affairs. The Fund plays a leading role in driving the transformation and diversification of the Saudi economy, while contributing to shaping the future of the global economy. Since 2017, the Fund has established more than 103 companies. The Fund is working to build a diversified portfolio by entering into attractive, long-term investment opportunities in 13 strategic sectors, both locally and internationally. The Fund's strategy, according to the PIF Program 2021-2025 – one of the programs to achieve Saudi Vision 2030 – aims to empower many promising sectors and contribute to increasing local content by establishing partnerships with the private sector. It also works to transfer technologies and localize knowledge. To build a prosperous and sustainable economy in the Kingdom, and as the Kingdom's investment arm, the Fund has worked to enter into distinctive investments and build strategic alliances and partnerships with numerous prestigious global institutions and entities. This contributes to achieving true long-term value for the Kingdom, in line with the objectives of Vision 2030. The Public Investment Fund has also developed an operational governance model that highlights its mission and key objectives, aligned with global best practices. Implementing this model enhances transparency and effectiveness in decision-making and future progress.

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