7 factors that lead to reducing unemployment to 7% and achieving Vision 2030

Specialists have identified 7 factors that contribute to reducing unemployment to 7% in order to achieve the goals of Vision 2030, noting that at its forefront is the increase in the salaries of national cadres and replacing them with the place of expatriate workers, focusing on qualitative nationalization, raising the minimum wage to 5 thousand riyals, and developing plans to motivate the employee to increase productivity They stressed the importance of supporting partnerships to accelerate Emiratisation plans, and conducting a rapid review of jobs and professions for which there are no alternatives in sufficient numbers of Saudis, at the forefront of which are building and construction professions.

Dr. Samir Hussein, CEO of Excellence Consulting, stated that the increase in salaries and the expansion in the privatization of the public sector will lead to an increase in job opportunities for national cadres and reduce unemployment to 7%, stressing the importance of gradual replacement and qualitative settlement to increase the added value of the job after many complaints about localizing marginal jobs. Only in recent years, he stressed the importance of making use of the expatriate population and reducing recruitment from abroad.

Dr. Salem Baaja, Professor of Economics at Taif University, pointed out to several factors that contribute to reducing unemployment, including partnership with the private sector to provide more job opportunities for young national cadres, and the creation of new investment fields, such as: renewable energy, information technology, increasing the localization of leadership jobs, and raising The minimum wage reaches 5 thousand riyals, and this also includes motivating the employee to increase productivity, to be a source of attraction for employers, which still prefer expatriate workers despite the significant increase in their costs.

Dr. Abdullah Al-Maghlouth, a member of the Saudi Economic Association, praised the meeting of His Highness the Crown Prince, in which he talked about the successive successes in the first five years of the Kingdom’s 2030 vision, and the upcoming economic plans, so that the Kingdom would be a global model in developing the capabilities of its people and investing its capabilities to provide high prosperity to all those in its lands, in a manner. Balanced, dependent on developing national capabilities, developing human resources, and transforming all regions into workshops aimed at investing in their economic opportunities. He pointed out that Vision 2030 constituted a popular source of reassurance for the future. Each region became a promise with different projects and a renewed development far from building structural structures only, indicating that the Kingdom’s vision was effective in creating a fertile environment for entrepreneurs, economists and investors through the development of judicial and administrative bodies and the activation of enhanced programs in this context, including the consolidation of the principles of justice. Transparency, protecting rights, keeping pace with globalization, openness and providing logistical support, which achieve the goals of the vision.

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