Signature projects crowd the skyline all over the GCC. Archomai are excited at the prospect of making a contribution to building the platform for a sustainable future.
Archomai is shaping its GCC business around three core challenges:
- Localisation: More than 60% of the GCC workforce are foreigners and globalisation is attracting many of the better qualified workforce to other global projects with better pay. A high percentage of the GCC workforce is under 25 and local educational facilities and resources are gearing up to cope with increasing demands in three key areas:
- Educational qualifications: All fast growing economies are looking to grow the population of degree level employees and leaders dramatically. Increasingly, GCC states will look for the opportunity to fulfil this goal at home. Archomai, with world class educational partners, are developing local tutorial supported learning products. A higher percentage of locally based courses reduces costs by 5 to 7:1.
- Vocational training: A functionally capable workforce is a must for any competitive economy and skills based training is needed in all sectors as new technologies are absorbed and employees have to operate them. Archomai, with specialist partners, are focussed on a sector specific offering.
- Lifelong learning: 50% of the jobs of the future have not been invented and few businesses can guarantee life time employment. So, people change careers more frequently and this triggers the need for continuous lifelong learning.
- Innovation to enterprise (i2e): All growing economies need entrepreneurs and available finance to launch new business start ups and skilled resources to make them sustainable. The challenge:
- Encouraging local entrepreneurs: 80% of GCC business is conducted by family based businesses. This is ample proof that the region has been built on entrepreneurial talent. A new wave of entrepreneurs is needed to build on this heritage on the global stage. Archomai can provide the support.
- Attracting value added businesses: With a growing population and increasing levels of disposable income, the GCC is a great place for established global businesses to set up local subsidiaries. Archomai global network can help to find viable business partners.
- Encouraging local entrepreneurs: 80% of GCC business is conducted by family based businesses. This is ample proof that the region has been built on entrepreneurial talent. A new wave of entrepreneurs is needed to build on this heritage on the global stage. Archomai can provide the support.
- Corporate Finance: International financial institutions see the GCC as a major growth market and yet, >75% of the trillions of investment are focussed on real estate projects and few venture capital companies are as interested in seeding start ups or supporting the growth of new businesses and SMEs.
Archomai are seeking to work with Corporate Finance partners to develop specialist sector funds capable of addressing this challenge to grow new businesses and value added jobs.
Archomai are seeking to attract existing value added businesses to the GCC and, above all provide learning products and services that can accelerate localisation policies and secure a sustainable future for all.