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Habshan Signs a Partnership with Zayed University
Habshan Trading Company has officially signed a Memorandum of Understanding with Zayed University. The Abu Dhabi-based supplier of industrial equipment to the oil, gas and power sectors has agreed to welcome interns from the national university.
An Agreement with a Regional Leader in Education
Habshan Trading Company (HTC), a company of the Al Mazroui Group, has recently signed a Memorandum of Understanding (MOU) with Zayed University, a national and regional leader in education. This will give the university’s students the opportunity to intern for HTC.
Established in 1975, the enterprise has become one of the major suppliers of state-of-the-art products in the Emirati energy industry. Today, it wishes to support the UAE’s educational environment to develop a generation of qualified graduates, with academic excellence and leadership skills.
Named after the late Sheikh Zayed bin Sultan Al Nahyan, Zayed University was founded in 1998. Today, it has two modern campuses in Abu Dhabi and Dubai which welcome both national and international students.
Welcoming Young Interns
With this MOU, Zayed University wishes to further strengthen the skills of its students. Indeed, the hands-on work experience they will receive while interning at HTC cannot be obtained in a classroom setting. Internships are also a great way for students to acquaint themselves with the field they are interested in and meet professionals. Moreover, this work experience will make the students stand out to potential employers.
“An investment in knowledge pays the best interest” said Benjamin Franklin. For a company, recruiting interns from various colleges in its area allows it to choose from the best local talents. It also makes the company central to various network opportunities among local institutions, while strengthening economic development locally. Another benefit for the employer is the positive employee-retention that internships allow. According to the American National Association of Colleges and Employers’ 2018 survey, the retention rate for intern hires after one year is 70.6 %. After five years, the retention rate is 50.2%. When permanently employed, interns are more likely to blend in with a company’s work culture rather than those who’ve been hired later.
Moreover, when hiring interns, a company makes a difference to the local economy by giving opportunities for students and fresh graduates of the region where it operates. In this spirit, HTC and Zayed University agreed to consolidate efforts and cooperate towards achieving Emiratisation.
Supporting Emiratisation
The policy of Emiratisation (Tawteen in Arabic) aims to increase the number of Emiratis in the job market and their contribution to the economy, especially in the private sector. The most recent available data from 2017* shows that fewer than half of Emiratis participate in the labour market. Of those who are, a vast majority work in the public sector. By increasing the number of working Emiratis, it is hoped that the UAE will reduce its reliance on expat labour.
With this MOU, Habshan Trading Company and Zayed University hope to support the UAE’s effort to train a new generation of professionals, in an innovative and supportive learning environment.
*Source: Federal Competitiveness and Statistics Authority
An Agreement with a Regional Leader in Education
Habshan Trading Company (HTC), a company of the Al Mazroui Group, has recently signed a Memorandum of Understanding (MOU) with Zayed University, a national and regional leader in education. This will give the university’s students the opportunity to intern for HTC.
Established in 1975, the enterprise has become one of the major suppliers of state-of-the-art products in the Emirati energy industry. Today, it wishes to support the UAE’s educational environment to develop a generation of qualified graduates, with academic excellence and leadership skills.
Named after the late Sheikh Zayed bin Sultan Al Nahyan, Zayed University was founded in 1998. Today, it has two modern campuses in Abu Dhabi and Dubai which welcome both national and international students.
Welcoming Young Interns
With this MOU, Zayed University wishes to further strengthen the skills of its students. Indeed, the hands-on work experience they will receive while interning at HTC cannot be obtained in a classroom setting. Internships are also a great way for students to acquaint themselves with the field they are interested in and meet professionals. Moreover, this work experience will make the students stand out to potential employers.
“An investment in knowledge pays the best interest” said Benjamin Franklin. For a company, recruiting interns from various colleges in its area allows it to choose from the best local talents. It also makes the company central to various network opportunities among local institutions, while strengthening economic development locally. Another benefit for the employer is the positive employee-retention that internships allow. According to the American National Association of Colleges and Employers’ 2018 survey, the retention rate for intern hires after one year is 70.6 %. After five years, the retention rate is 50.2%. When permanently employed, interns are more likely to blend in with a company’s work culture rather than those who’ve been hired later.
Moreover, when hiring interns, a company makes a difference to the local economy by giving opportunities for students and fresh graduates of the region where it operates. In this spirit, HTC and Zayed University agreed to consolidate efforts and cooperate towards achieving Emiratisation.
Supporting Emiratisation
The policy of Emiratisation (Tawteen in Arabic) aims to increase the number of Emiratis in the job market and their contribution to the economy, especially in the private sector. The most recent available data from 2017* shows that fewer than half of Emiratis participate in the labour market. Of those who are, a vast majority work in the public sector. By increasing the number of working Emiratis, it is hoped that the UAE will reduce its reliance on expat labour.
With this MOU, Habshan Trading Company and Zayed University hope to support the UAE’s effort to train a new generation of professionals, in an innovative and supportive learning environment.
*Source: Federal Competitiveness and Statistics Authority
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