Saudi Arabia needs sectors that employ people, move the engine of the economy and help it achieve sustainability, says Nael Fayez, CEO of INJAZ-Saudi Arabia.
“Industries that drive the local economy need to be encouraged,” he told Arab News.
“Importantly, we need to streamline our education and service sectors that are vital for every family and generate new employment opportunities,” he said.
“If we look at Singapore, South Korea and Ireland, we will discover that they do better than us although they don’t have natural resources; they have invested heavily in education and technology,” he added.
“I think lesser number of Saudis contribute to the job market because smaller numbers of citizens are qualified for the job market,” he said.
“Saudis in general have a great interest in the job market, but they lack education and in skills,” Fayez said.
“Young Saudis have to select their careers wisely, choose the fields that benefit the economy, and equip themselves with higher studies and value-added skills,” he said.