Ferdinand Martin G. Romualdez, the speaker, stated on Monday that the President’s recent visit to Saudi Arabia would result in the creation of more than 200,000 job opportunities for Filipinos.
In a statement, Mr. Romualdez expressed that this visit serves as a reiteration of our government’s dedication to assisting and safeguarding the rights and well-being of our migrant Filipino workers, who have greatly contributed to improving the lives of their loved ones and our country as a whole.
According to him, a significant contract worth $3.77 billion was signed between the Association of Philippine Licensed Agencies for the Kingdom of Saudi Arabia and the Saudi-based Al-Jeer Human Resources Company (ARCO).
He stated that the employment prospects would aid in expanding Saudi Arabia’s economy, enhancing infrastructure, promoting digitalization, and establishing competitive business environments, otherwise referred to as Saudi Vision 2030.
Last week, Mr. Marcos traveled to Riyadh with Saudi business leaders for the 2023 ASEAN-Gulf Cooperation Council Summit. The trip resulted in investment pledges totaling $4.2 billion.
According to him, Saudi entrepreneurs showed a strong desire for the Maharlika Investment Fund. He also mentioned that the fund, which was set up by Mr. Marcos, is expected to be fully functional by the end of the year, despite the delay in its implementing rules and regulations (IRR) for further evaluation.
EEI Corp, a company based in the Philippines, has entered into a contract worth $120 million with Al Rushaid Petroleum Investment Company and Samsung Engineering NEC Co. Ltd. This agreement will establish a construction training facility in Tanza, Cavite, which is located 43.6 km from the capital city.
The leader of the House announced that the center will provide training for Filipinos in various skills such as masonry, carpentry, electrical work, welding, equipment management, warehousing, and steel fabrication starting next year. Over the course of five years, the center aims to train more than 15,000 individuals.
Two contracts were signed between Maharah Human Resources Company of Saudi Arabia and two Filipino firms, Staffhouse International Resources Corporation and E-GMP International Corporation. The combined value of these agreements is estimated to be $191 million.
The objective of the agreements is to bring in 10,000 Filipino workers to Saudi Arabia annually until 2030.
According to Mr. Romualdez, the recent meeting between the President and Kuwaiti Crown Prince Sheikh Meshal has the potential to address labor concerns between the two nations.
In a statement made on Sunday, he expressed optimism that this meeting could lead to the repair of diplomatic ties between our countries. The previous tensions were caused by labor problems and the obligation to safeguard the well-being of Overseas Filipino Workers.
Over the weekend, Mr. Marcos announced that the restriction on sending first-time Filipino domestic workers to Kuwait would be lifted in the near future.
Following the brutal murder of OFW Jullebee Ranara in January, allegedly by the 17-year-old son of her employer, a ban was put in place. This ban was implemented as a response to the tragic incident of abuse and violence against Ranara, who was left in a desert after her death.