Saudi Press

Saudi Arabia and the world
Wednesday, Jun 07, 2023

Saudization decisions lead to create over 500,000 jobs since 2019

Saudization decisions lead to create over 500,000 jobs since 2019

Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi emphasized that all employment market strategy initiatives will be completed before the end of 2025. “The localization decisions for professions and activities have been instrumental in creating jobs for more than 500,000 male and female citizens in the private sector since 2019,” he said.
The minister made the remarks while delivering a lecture on “Strategic transformations in the Saudi employment market” at the Saudi Economic Association on Monday. Al-Rajhi noted that the strategy has scored many achievements that contributed to the flourishing of the Saudi labor market, and its results manifested in the economic indices of unemployment rates, economic participation of the labor force, and worker productivity. “All the goals of empowering women planned for 2025 have been accomplished by the end of the year 2022,” he said while praising the role of women as an active and important partner in national development, and proving their competence in work and responsibility.

The minister noted that the patterns of work in terms of freelance, flexible, and remote will move the economy from the shadows to participation in increasing the gross domestic product (GDP), and contribute to increasing the sources of income for individuals, specifically university students, and provide job opportunities for women in a significant way.

Al-Rajhi said the participatory economy is an important topic and affects citizens in in various fields. “Our goal is to limit the exploitation of workers who violate the participatory electronic platforms, and to provide job opportunities for Saudis,” he said.

He also talked about the ministry’s integration with the education system to align the outputs with the labor market as the journey of harmonization begins with understanding and identifying the skills required in the labor market and their levels, through the Supply and Demand Foresight Unit, the Skills Strategy, programs and initiatives to qualify Saudi youth for work, and this journey ends with following up the employment of young people according to the requirements and available skills.

“There are many indices through which performance is measured in this context, most notably the unemployment rate, the labor force participation rate, the private sector participation rate in employment, the ranking in the human capital index, the employment rate of higher education graduates within six months, and other relevant indices,” he said.

Al-Rajhi stated that a workshop was organized with the participation of representatives of 45 public and private universities during last March. The workshop reviewed reports and data on supply and demand in the labor market until the end of 2025. “These reports and data indicated that we have specializations that the labor market does not need, and some of them we need with specific numbers of graduates, other majors are still needed, such as majors in health and technical fields,” he added.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.

Related Articles

Saudi Press
A Major Ukrainian Hydroelectric Dam BLOWN UP
US and European Intelligence Agencies Uncover Evidence of Ukrainian Role in Terror Attack on Nord Stream Pipeline
Pakistani Hajj pilgrims arrive in Jeddah on first Makkah Route initiative flight
Photos and videos of Hunter Biden with underage minors have been released.
The driver has been described by authorities as a 21-year-old woman from Tallahassee
Joe Biden falls at the Air Force Graduation
America's Got Talent…
Elon Musk has been showered with praise by the Chinese public during his trip to China
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
Drone Attack on Moscow's Wealthiest Neighborhoods Suspected to be Launched by Ukraine
AI ‘extinction’ should be same priority as nuclear war – experts
Prominent Hacker Forum RaidForums Suffers Substantial Data Breach
Nvidia CEO Huang says firms, individuals without AI expertise will be left behind
WPP Revolutionizes Advertising with NVIDIA's AI Powerhouse
Olam Group Faces Setback in Saudi Arabia Agribusiness Unit Listing
Kuwait Open to Negotiating Visa Ban with Philippines
Goldman Sachs Cuts Israeli Shekel Forecasts on Politics, Intervention
Iran to Unveil New Hypersonic Missile
Two US Employees Fired For Chasing Robbers Out Of Store As They Broke ''Company Policy''
Pfizer, the EU, and disappearing ink - Smoke, Mirrors, and the Billion-Dose Pfizer Vaccine Deal: EU's 'Open Secret
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
France Arrests 10 on Suspicion of Failing to Respond in Time to Migrant Drowning
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Is Saudi Arabia the holiest place in the world? Ancient Hebrew Inscriptions from "The Mount Sinai Stand" Discovered in Saudi Arabia
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
WATCH THIS: democracy in Russia is so bad!
Saudi Arabia and Canada Restore Diplomatic Relations
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
TikTok Sues Montana Over Law Banning the App
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Steve Jobs introducing Apple's iPhone, exactly 16 years ago.
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
China overtakes Japan as world's top car exporter
Saudi Minister of Finance Mohammed Al-Jadaan on the importance of economic integration among Arab nations
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Syrian President Bashar al-Assad received a warm welcome at an Arab summit in Jeddah
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Debt Ceiling Crises Have Unleashed Political Chaos
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
Here are your top headlines for today, May 14, 2023
The official tapes of Trump's deposition in the E. Jean Carroll battery (rape) and defamation case have been released.
King Charles III being crowned.