Saudi Gazette runs an analytical piece from Reuters that looks at the near-term future of the Saudi economy. It discusses Saudi unemployment, oil pricing, diversifying the economy, foreign investment, legal reform, and crafting a new mortgage industry. The article is informative and worth reading in full.
Cabinet changes signal employment reform
RIYADH — In a cavernous exhibition hall on the outskirts of Riyadh, dozens of young Saudi women, clad in full-length black abayas and veils, stroll between corporate booths in search of jobs.
Each has completed a 3-1/2 hour aptitude test that gives her scores for 10 behavioral characteristics and two types of cognitive ability. The results are shown to as many as 81 potential employers which schedule job interviews using a centralized, online system.
It is Women’s Day at the first of a series of job fairs launched by the Saudi government this year to find employment for its citizens. In coming months the scheme aims to arrange interviews for 15,000 men and women out of 100,000 applicants, holding similar fairs in the cities of Jeddah and Dammam.
“In the past, finding a job was an uncertain process,” said Mohammed Mosly, a former investment banker who manages the scheme. “We’re using technology to make it predictable.”