Arab Today, arab today tackling joblessness in saudi arabia
Last Updated : GMT 14:52:06
Arab Today, arab today
Arab Today, arab today

Tackling joblessness in Saudi Arabia

Arab Today, arab today

Arab Today, arab today Tackling joblessness in Saudi Arabia

Riyadh - Arabstoday

The unemployment levels among Saudi nationals are high, carrying with them socio-political repercussions if left unresolved. Suffice to say that the ongoing Arab Spring got under way because of joblessness in Tunisia. Happily enough, Saudi authorities are exerting huge efforts to overcome the challenge. Latest official statistics confirm that unemployment that stands at around 10.5 per cent remains a challenge in the kingdom. True, the figure is below the record 11.2 per cent reached in 2007. Yet the number of unemployed Saudis is on the rise, currently put around 500,000, versus 416,000 in 2008. To be sure, the job challenge remains serious thanks to demographic statistics. As such, the steady population growth rate of around 3 per cent per annum partly explains the rise in the number of unemployed. By one account, around half of Saudi nationals are below 20 years of age. Not surprisingly, many nationals enter the job market looking for suitable by nature of work and pay employment opportunities. Enter fresh efforts by King Abdullah Bin Abdul Aziz. In late March he showed personal interest in addressing the unemployment challenge with a combination of monetary incentives and administrative efforts. On the one hand, he ordered financial support to unemployed youth for one year as part of $130 billion (Dh477 billion) schemes designed to boost spending in the kingdom. This spending plan is separate from the $154-billion budget for fiscal year 2011. On the other, the king called for the setting up of a high-level ministerial committee to find solutions for the unemployment problem facing graduates. The committee is due to present specific recommendations in July. Ostensibly, King Abdullah\'s move comes amid alarming statistics indicating that 44 per cent of jobless Saudis have college degrees. Searching for possible solutions, Saudi labour officials recently mulled the idea of restricting the stay of foreign employees working in the kingdom to a maximum of six years. While the proposal is not fully clear, the restriction could apply to Saudi firms not meeting the minimum Saudisation level. This suggestion adds to other earlier efforts including restricting certain jobs to Saudi nationals, all of which are designed to help overcome the unemployment challenge. At the moment, some 40 types of jobs are restricted to nationals. The restricted jobs include taxi drivers, training and purchasing managers, public relations officers, administrative assistants, secretaries, operators, debt collectors, customer service accountants, tellers, postmen, data handlers, librarians, booksellers, ticket kiosk keepers, auto salesmen, janitors, internal mail handlers and tour guides. Understandably, such restrictions are not popular with the business community which considers it an interference in the way employers make decisions. Notably, there are some promising prospects when it comes to jobs. The retail industry for one is projected as being capable of creating a large number of opportunities for locals. Currently, Saudi nationals hold 270,000 out of the 1.4 million employment opportunities in the industry. The number of jobs in retail is projected to rise to 2 million in 2020, half of which could go to Saudis. The move partly reflects the fact that the Saudi economy is capable of producing millions of jobs, though most of them end up with expatriates. The Saudi job market boasts 8 million to 8.5 million expatriates versus 4.5 million Saudi nationals. Many firms like foreign workers on grounds of productivity and pay. Issues of productivity and job ethics are being addressed, partly in the ninth development plan covering the period 2010-2014. The plan calls for developing 25 technical colleges and institutes with the latest technological facilities. From / Gulf News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tackling joblessness in saudi arabia Arab Today, arab today tackling joblessness in saudi arabia

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 14:02 2017 Thursday ,23 February

Two lanes to be closed near Alba roundabout

GMT 13:56 2017 Thursday ,23 February

BIDEC2017 set to attract military industries

GMT 13:51 2017 Thursday ,23 February

Estiqlal Highway to be partly closed for maintenance

GMT 13:27 2017 Thursday ,23 February

Ceramic glazing workshop launched

GMT 13:22 2017 Thursday ,23 February

Alba supports BIGS2017

GMT 11:51 2017 Thursday ,23 February

Dubai to launch driverless flying cars by this summer
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday