Riyadh, March 10: Saudi Arabia spends over $137.6 million per month on job seekers. A survey released on Friday by the Saudi Human Resource Development of the Ministry of Labor revealed that currently 258,000 job seekers in the kingdom out of which 78 percent of them women.
However, Riyadh is attempting to remedy this through invoking a “national transformation”, by providing 450,000 jobs for Saudi citizens with the aim of creating at least 1.2 million jobs for Saudis. The current unemployment rate stands at 12.1 percent.
Notably, Saudi’s Vision 2030 aims to reduce the unemployment rate among its citizens to seven per cent by 2030. Therefore, Saudi government has taken several initiatives to reduce the unemployment rate. Earlier, a week before Saudi Government banned Uber and Careem drivers from picking up passengers from Saudi Arabia’s airports. The main reason behind this ban is to include more women in the workforce till the year 2030.
Importantly, Saudi’s government plan is to cut the jobless rate to 7 percent by 2030, and raising women's participation in the labor force to 30 percent from 22 percent. Interestingly, unemployment is not a problem for Saudi Arabia but for the whole world. Unemployment leads to hunger, crime etc.