Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Job localization 'key challenge for public and private sectors'  Join our daily free Newsletter

MENAFN - Arab News - 11/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab News) The 6th edition of the Riyadh Economic Forum (REF) continued discussions to study and analyze issues that broadly affect national economy and pinpoint growth challenges.
The forum discussed a study during the second session on the issues of the construction sector and methods on how to address them.
Prince Mansour bin Miteb, minister of municipal and rural affairs, wrapped up the session which discussed the problems of construction sector and their possible implications to boost the economy of the Kingdom.
Addressing the gathering, Prince Miteb praised the advanced discussion and ideas which came out of the comprehensive debate, promising to forward the recommendations to Custodian of the Two Holy Mosques King Abdullah to boost national economy.
The second session also focused on the localization of jobs in the Kingdom's private sector. It also includes obstacles to resettlement and revenue generation.
The study aims to come up with new developments and policies governing the labor market, and coordination between the public and private sectors regarding the development of laws and regulations.
The forum also discussed lack of coordination between the public sectors and asked public and private sector for high rates of Saudization.
Commenting on the form's discussion, economists called for a specialized bank in construction sector to solve the problems of contractors and support credit facilities.
Saudi Research and Marketing Group (SRMG), which is the diamond partner of the forum, asserted that the discussions during various sessions will pave way to spur economic growth for the Kingdom.
Saudi Basic Industries Corporation (SABIC), the golden partner of the forum, maintained that the three-day session, which will discuss ways and means to bolster the national economy, will help in resolving economic issues.
STC, a major partner of the forum and leading telecom operator in the Kingdom, said the forum enjoys international attention and sector specific discussions during the three day event will prove helpful for the welfare of the Saudi citizens.
Speaking to Arab News, an RCCI official said the large number of participation by local companies will help to meet the challenges of the local market and pave way for job opportunities for the citizens.
Apart from government ministries and companies, international delegates participated in the forum, which was also attended by prominent personalities, economists and business leaders from the Kingdom as more than 1,000 people attended the sessions.
Some economists and consultants pointed out that due to the lack of research in the field of construction sector, "We are still in the process to solve the problem of contractors.We should have systems to be reconstructed and updated to build over infrastructure to boost the national economy," they said adding "we hope the recommendation at the forum will be considered for the SMEs."
A few of them also suggested that "there is a need to open quality institutes in construction management for the better training of Saudi citizens."
A report entitled "Saudi Arabia 2013" prepared by Oxford Business Group in co-operation with Saudi authorities, released on the sidelines of the forum said that the Kingdom's forecast GDP growth rate of 6.8 percent during last fiscal was more than double the regional and global figures.
This growth will help in economic diversification and boost investment in social and health care sector. Many of the delegates agreed the forum, which aims to study and analyzes issues will benefit from similar world experiences and come up with suggestion that facilitate economic decision-making to further boost the Kingdom's economy.
Prince Miteb presented the mementos to the panelist includes Adel S. Al-Dosary, forum's presenter and dean of college of environment design; Yousuf bin Abdul Sattar Al-Maimani, chairman of Al-Maimani holding company; Adel S. Al-Dosary, forum's presenter and dean of college of environment design and Nabeel bin Mohammad Abbas, representative of international engineering in Kingdom and Gulf.
The forum, organized by Riyadh Chamber of Commerce and Industry (RCCI), was attended by a large number of Saudi and foreign companies, which have put their stalls for exhibitions at the venue.
The REF is a positive contribution to the Kingdom's economic growth.
The forum is a key event in the region's economic agenda, as reflected in the constant support extended to it by King Abdullah.


Arab News

  MENA News Headlines
 Oct 4 2015 - Twenty candidates elected to UAE Federal Nat'l CouncilKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The UAE national election committee announced on Saturday night the results of the Federal National Council (FNC) elections 2015 after the vote counting of the ...

 Oct 4 2015 - Egypt- Between a paranoid dinosaur state and a mythical monster: Gameela IsmailDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian politician and media figure, Gameela Ismail gave a speech at the Middle East Institute conference held in Washington DC Wednesday, entitled "Politics vs security: ...

 Oct 4 2015 - Dozens of Palestinians injured in violent confrontations with Israeli troopsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Israeli occupation forces used brutal force, including live ammunition and tear gas, against the Palestinian protesters in various parts of the West Bank late ...

 Oct 4 2015 - Egypt- Reviving religious discourse: Why and howDaily News Egypt
(MENAFN - Daily News Egypt) Reviving religious discourse has been one of the central issues that occupied public dialogue in Egypt during the past few months. Massive efforts and resources are poured ...

 Oct 4 2015 - Palestinian factions approve of Jerusalem attackKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Shortly after two settlers were stabbed to death by a Palestinian young man in Jerusalem on Saturday, several Palestinian groups welcomed the attack as "a normal ...

 Oct 4 2015 - Egypt- â‚13m from GIZ to develop unsafe slums: MadboulyDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Housing Mostafa Madbouly has decided to allocate ‚¬13m from a grant by the German Society for International Cooperation (GIZ) towards launching development ...

 Oct 4 2015 - Egypt- Vital incentives to encourage foreigners to invest in governmental debt instruments: El-KosayerDaily News Egypt
(MENAFN - Daily News Egypt) Vital developments and incentives took place in Egypt that will help foreigners to invest in governmental debt instruments again or long term investments in major ...

 Oct 4 2015 - Banque Misr achieves new milestone in electronic paymentsDaily News Egypt
(MENAFN - Daily News Egypt) Banque Misr has recently achieved a new milestone in electronic payments by creating an integrated system to mechanise all governmental payments, such as the state's ...

 Oct 4 2015 - Egypt- United Bank seeks new, strong banking entity: Abdel HamedDaily News Egypt
(MENAFN - Daily News Egypt) The United Bank aims to implement a plan to end pending problems that were inherited from three banks it merged with, and to build a strong banking entity capable of ...

 Oct 4 2015 - Qatar- Residents offer help to send expat's body homeGulf Times
(MENAFN - Gulf Times) Some Doha residents, on learning about the death of a 67-year-old Indian expatriate who had not travelled home for more than a decade, have offered to bear the expenses of ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help