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
 Nov 25 2015 - Saudi Smart Boat innovation honored in Copenhagen 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Al-Shamakhi went on to say that he also provided his smart boat with special submerging telecommunication means attached to the boat's draft using sound waves to ...

 Nov 25 2015 - Saudi- Custodian of Two Holy Mosques receives Speakers of GCC Shura Representatives and National CouncilsSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- The Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah palace in Riyadh today the ...

 Nov 25 2015 - Kuwaiti Crown Prince receives GCC Ministers of Commerce and IndustrySaudi Press Agency
(MENAFN - Saudi Press Agency) Kuwait 13 Safar 1437 AH November 25 2015 SPA -- Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah the Crown Prince of Kuwait received here today the Ministers of Commerce and ...

 Nov 25 2015 - Saudi- Custodian of the Two Holy Mosques receives Executive President and Founder of World Economic ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh 13 Safar 1437 AH November 25 2015 SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today the ...

 Nov 25 2015 - Crown Prince heads Saudi delegation to GCC Interior Ministers meetingSaudi Press Agency
(MENAFN - Saudi Press Agency) Doha afar 13 1437November 25 2015SPA -- Crown Prince Mohammed bin Naif bin Abdulaziz Al Saud Deputy Premier and Minister of Interior arrived here today to head the ...

 Nov 25 2015 - Speakers of GCC Shura Representatives and National Councils meet in Riyadh 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) Addressing the meeting the Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh welcomed the Speakers of Shura Representatives National and ...

 Nov 25 2015 - Saudi- Dr. Abdullah Al Rabiah receives Swiss ambassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Dr. Abdullah bin Abdulaziz Al-Rabi'ah Advisor at the Royal Court and General Supervisor for Riyadh-based King Salman ...

 Nov 25 2015 - Saudi- National Guard Minister receives French AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Safar 13 1437 November 25 2015 SPA -- Prince Miteb bin Abdullah bin Abdulaziz Minister of National Guard received here today the ambassador of France to the ...

 Nov 25 2015 - Germany plans to send 650 troops to MaliSaudi Press Agency
(MENAFN - Saudi Press Agency) Berlin Safar 13 1437 November 25 2015 SPA -- The German government plans to send up to 650 troops to Mali to help with the peacekeeping mission in the West African ...

 Nov 25 2015 - Turkey- G20 Communiqu: " The fight against terrorism is a major priority "The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...




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