Site Group secures $6M training contract in Saudi Arabia

Company News

by David Chau

Training and labour services company, Site Group International (ASX:SIT), has signed a Training Services Agreement in Saudi Arabia worth $6 million.

Site Group will deliver technical training programs for a new Vocational Trades Training Colleges in the Jazan province of Saudi Arabia.

The company says the College will train Saudi operators to meet the requirements of industry and assist with workforce nationalisation targets.

Site Group also says the College and training programs are endorsed by large oil and gas company, Saudi Aramco, and all graduates will be employed in the Jazan Economic City where Aramaco is building a new oil refinery.

Site Group posted a net profit of $9.4 million at 30 June 2016.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.