Kenyan young professionals will now have a chance to practice their trade in Saudi Arabia and several other gulf countries in structured contracts.
This, after the Kenya National Chamber of Commerce and Industry (KNCCI) signed a Memorandum of Understanding (MoU) with the Federations Council of Saudi Chambers (FCSC) in the Saudi Arabia.
According to the KNCCI president Richard Ngatia, the MoU that was signed on Monday 14th March, 2022 in Riyadh the Saudi Arabia capital, Kenya will be able to export formal labour where professionals mostly from Nairobi will now go to Saudi Arabia and work in different areas their qualification.
“As part of the MoU between National Chamber of Commerce and Industry and Federations Council of Saudi Chambers, our youth who are qualified in different professions will be able to go and work in Saudi Arabia in working opportunities that are professional,” Ngatia said.
The meeting with FCSC, which is a federation of up to 28 different chambers, also discussed opportunities of business between Kenya and Saudi Arabia which as well is aimed at increasing job opportunity by enabling business between Kenya and Saudi Arabia.
“With this MoU, we can have more business opportunities because most goods from Saudi Arabia are not imported directly into Kenya. They pass through other countries before landing to Kenya. We have persuaded them to have their products imported to Kenya directly for ease of business,” Ngatia said.
“Our delegation is very excited with the meeting we held to have enhanced cooperation. We can now be able to open up jobs of our educated youth in the expansive professional job market in the gulf. We are also looking for opportunities in Bahrain, Jordan, Poland, Egypt and other countries neighbouring Saudi Arabia,” He continued.
Ngatia explained in the meeting that discussion to explore various business opportunities available in the Saudi Arabia market.
“Bitumen is one of the opportunities we can import from Saudi Arabia to Kenya. We have persuaded them to allow us import directly. This will mean low cost of materials and products as well. We have been ab;e to sell our country and the county of Nairobi to them and especially in Agriculture, agribusiness, logistics business and the blue economy so that we can tap that area on how to more business in addition to direct jobs,” Ngatia reiterated.
At the same time, Ngatia said that the FCSC Secretary General Mr. Hussain Alabdulkader had committed to support Kenya to have a conversation with Exim Bank to finance SMEs and start ups noting that the region has over 750,000 start ups which require financing.