The Saudi Ministry of Human Resources and Social Development signed an understanding memorandum with the Saudi Central Bank and the Human Resources Development Fund “Hadaf” intending to localize all sectors supervised by the bank.
A statement published by SPA stated that the memorandum aims to achieve cooperation between the three parties that signed it.
The memorandum goal is to ensure that the Ministry’s work is consistent, and for the Saudi Central Bank (SCA) to localize all sectors under its supervision and enhance the level of personnel in the companies under its supervision.”
The agreement also aims to “coordinate concerning Emiratisation and training in the sectors supervised by the Central Bank,” according to the statement.
The agreement comes within the Ministry’s plans to build complementary relationships and strategic partnerships with various sectors.