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 markt 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
 Feb 9 2016 - Yemen's FM confirms that Yemeni legitimate authorities offer entering into meaningful dialogue with the rebels to end crisis in YemenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni Vice Prime Minister and Foreign Minister Abdulmalik Al-Makhlafi, stressed that the Yemeni legitimate authorities agree on any serious UN-sponsored dialogue with ...

 Feb 9 2016 - President Obama, Canada's Trudeau Discuss Efforts Against ISISSaudi Press Agency
(MENAFN - Saudi Press Agency) US President Barack Obama spoke by telephone Monday with Prime Minister Justin Trudeau of Canada to discuss Canadian contributions to the global coalition to counter ...

 Feb 9 2016 - Riyadh Region Governor to patronize 1st Festival for Productive Families of Disabled Persons tomorrowSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region and Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National ...

 Feb 9 2016 - Comoros' Chief Justice visits King Fahd Complex for Printing Holy QuranSaudi Press Agency
(MENAFN - Saudi Press Agency) The Chief Justice of Federal Republic of Comoros, Dr. Mohamed Sayyid Othman and his accompanying delegation visited here yesterday King Fahd Complex for Printing the ...

 Feb 9 2016 - Saudi Grains Organization Director General Receives Zambian Agriculture MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Director General of Saudi Grains Organization Engineer Ahmed bin Abdulaziz Al-Faris received here today Zambian Minister of Agriculture Given Lubinda and his ...

 Feb 9 2016 - A medical delegation from South Korea organizes a medical day in Saudi Specialist Clinics at Zaatari camp, JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) A South Korean medical delegation consisting of 32 doctors and assistants has organized a medical day in Saudi Specialist Clinics at Zaatari refugee camp to be briefed ...

 Feb 9 2016 - Custodian of the Two Holy Mosques receives former British Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today former British Prime Minister Tony Blair.During the ...

 Feb 9 2016 - Syrian Siamese twins to be separated on SundaySaudi Press Agency
(MENAFN - Saudi Press Agency) The Syrian Siamese twins named (Toqa and Yaqeen) will undergo a separation operation at King Abdullah Specialist Children's Hospital at King Abdulaziz Medical City of ...

 Feb 9 2016 - Saudi- Shura Council Speaker receives an invitation to visit JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh received a message from the Speaker of Japanese Parliament Tadamori Oshima ...

 Feb 9 2016 - Saudi- Gabonese Consul General visits Islamic University in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Undersecretary of Islamic University in Madinah, Dr. Ahmed bin Abdullah Katib, received here today the Consul General of the Republic of Gabon, Abdulaziz Branly ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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