Friday, December 14, 2018

Apple to add $1 billion Texas campus and Create Thousands of Jobs in the U.S.

Apple said that it would expand its operations in Austin, Texas, with a new $1 billion campus on the north side of the city that would nearly double the size of the company’s current 6,000-employee workforce in the area.

The technology giant said it also planned to establish new, 1,000-worker operations in San Diego, Seattle and Culver City, California, and to add hundreds of workers in offices in New York, Pittsburgh and Boulder, Colorado, over the next three years.

The new 133-acre campus in North Austin will initially employ 5,000 workers in engineering, research and development, operations, finance, sales and customer support. It will ultimately have the capacity to accommodate up to 15,000 workers. Apple said it expected that its expanded presence would make it the area’s largest employer.

“Apple is proud to bring new investment, jobs and opportunity to cities across the United States and to significantly deepen our quarter-century partnership with the city and people of Austin,” Tim Cook, Apple’s chief executive, said in a statement.

Apple had become synonymous with hoarding money overseas after deferring tax payments on its foreign earnings for years. In January, it said that it would increase its spending in the United States substantially after last year’s tax cuts led it to bring back most of the $252 billion it had stashed abroad.

The company said at the time that it planned to invest more than $30 billion in the United States over the next five years and to create 20,000 jobs by expanding its operations and adding a new campus.

Wednesday, December 12, 2018

UAE-Based Gulftainer and US port deal to Create thousands of Jobs

UAE-based independent port operator and logistics company Gulftainer’s $600 million concession to develop and operate the port of Wilmington in the US state of Delaware is a “really big deal” for the state and has the potential to create thousands of jobs, according to Delaware Secretary of State Jeffrey Bullock.

The ports deal, which was signed by Gulftainer subsidiary GT USA in late September, marks the largest ever run by a UAE company in the United States, as well as the largest investment ever made by a private UAE company in the country.

Speaking to Arabian Business during a recent visit to the UAE, Bullock said that the deal has the potential to create “double-digit growth in the number of jobs”, although he declined to give a specific forecast. 

“If you just run the models, the economic activity can double the growth of jobs [in and around the port,” he said. “Current direct and indirect unemployment around the port is currently about 5,000 or 6,000.

“Our first priority is to maintain the employment we already have, and then provide a path forward for the port to grow. We’ve accomplished [these goals] and the third is to create new jobs. We’ll see job creation. Whether it’s 1,000 jobs or 5,000 jobs remains to be seen,” he added

Plans for the port also include the development of cargo terminal capabilities, as well as the establishment of a training facility for the ports and logistics industries that are expected to train and upskill as many as 1,000 people each year.

Bullock added that the deal – and others like it – can help bridge the cultural gap between the US and UAE.

“It’s very powerful. Some of the hesitation in the United States is kind of from the fear of the unknown,” he said. “We are different and that’s okay. But we have a lot more similarities than differences.”

Thursday, December 6, 2018

Dubai's dnata expands US services creating more than 350 local Jobs

Dubai-based air services provider dnata has launched operations at Los Angeles International Airport as it continues to expand in the United States. The company said it now provides ground handling and cargo services at 20 airports in the country.

To establish operations in Los Angeles, dnata said it has invested $8 million in infrastructure and resources, creating more than 350 local jobs.

Serving six airlines, including Austrian Airlines, Iberia, Japan Airlines, Lufthansa, Swiss International Air Lines and Qantas, dnata will initially handle 4,600 flights a year.

David Barker, CEO of dnata USA, said: “Adding Los Angeles International Airport to our growing network underlines our strong commitment to the US market, where we have significantly expanded our operations through massive investments in our facilities and resources in the past two years.”

dnata commenced ground handling and cargo operations in the United States by the acquisition of industry players in 2016. Since then, the company has invested more than $35 million in facilities, equipment, training and technology.
Earlier in 2018, dnata has opened a cool-chain perishable cargo facility at Dallas Fort Worth International Airport, established operations at Nashville International Airport, diversified its service portfolio by launching passenger handling services at New York JFK Airport, and most recently commenced services at Concourse G at San Francisco International Airport.

Including Los Angeles International Airport, dnata’s global ground handling and cargo network now consist of 87 airports in 13 countries.

Sunday, December 2, 2018

GEMS Education Create 16,000 Jobs in Saudi Arabia

GEMS Education and Hassana Investment Company
GEMS Education and Hassana Investment Company – a Saudi asset management firm that is part of the General Organization for Social Insurance – have penned an $800 million deal to build a network of new schools across the kingdom.

According to a statement, the joint venture is a first of its kind in Saudi Arabia and “will open up the Saudi education sector to foreign investment.”

The partnership was announced on the sidelines of the Future Investment Initiative (FII) conference in Riyadh. Officials said the educational network will be able to accommodate up to 130,000 students and create jobs for 16,000 people, around 40 per cent of whom are expected to be Saudi nationals.

“This partnership is driven by our view that the education market in Saudi Arabia is one of the most attractive growth markets over the long term,” Hassana chief executive Saad Al-Fadhli said.

“Both partners expect to create a strong and successful education platform in Saudi Arabia.”
Additionally, GEMS KSA CEO Majed Al Mutairi said that the company is a “strong supporter of Saudi Arabia’s Vision 2030.”

“The Vision’s focus on opening up public service sectors such as education highlights a commitment to developing human capital and allowing the private sector to enable long-term positive change for Saudi citizens,” he said.

Al Mutairi added that “the education sector, acknowledged as a major catalyst for change, will help create a new generation of Saudi citizens with a global perspective that is strongly rooted in the Kingdom’s culture.”

At the FII conference, the Saudi Arabian General Investment Authority (SAGIA) also announced a series of MoUs worth $2.4 billion, including a $1.6 billion deal between NMC Health and Hassana to develop medical facilities in Saudi Arabia.

The joint venture will become one of the largest private healthcare operators in Saudi Arabia and is expected to employ up to 10,000 employees over the next five years.