Aviation firm to create 1,200 jobs in Saudi
Libanet, an aviation industry services provider, has announced it take on about 1,200 new staff after signing a three-year aircraft fleet services contract with Saudia Ground Services Company (SGS).
The agreement with the Jeddah-based ground handler will see the company provide a wide scope of services to all carriers serving the four largest airports in Saudi Arabia, including Riyadh, Jeddah, Dammam and Madinah.
"This agreement is in line with Libanet's vision and strategic decision to expand in the Saudi market," said Tony Saade, CEO and founder of Libanet.
The agreement comes at a time where Saudi Arabia is seeing flights to its country soar, amid plans to build and renovate its domestic and international hubs to accommodate a projected traffic flow of 57 million passengers.
As part of the new deal, SGS is subcontracting its aircraft services to Libanet at the four largest airports in the kingdom.
"Services outsourcing in the aviation industry is a growing trend given the restricted labour laws whether for airports facilities, management activities or aircrafts related services, which all represent the core activity of the company," added Saade.
The contract signed will see Libanet perform services to more than 320,000 aircrafts.
Libanet currently employs over 1,300 employees, adding it will need to hire around 1,200 additional staff to execute this agreement.