Saudi unemployment rate to dip below 7% by 2030: Minister
RIYDAH — Ahmed Al-Rajhi, minister of Human Resources and Social Development, said that the Kingdom is proceeding with the efforts of reducing the unemployment rate to less than 7% by 2030.
Al-Rajhi said on Friday, in an interview with Al Ekhbariya TV channel, that the ministry’s agreements with partner entities and supervisory ministries have created 420,000 job opportunities for Saudi men and women.
The initiative of improving the contractual relationship launched recently by the ministry boosts the competitiveness of the Saudi workers to be equal to that of expats, the minister said, adding, that the move will offer more jobs for nationals.
Al-Rajhi indicated that the Kingdom is among the G20 countries least-affected by COVID-19, noting that 15 initiatives were launched to sustain jobs during the pandemic period.
The labor market strategy, which has been recently adopted, includes 11 reforms and 25 initiatives, to restructure the labor market and create more job opportunities for citizens. — SG
