Unemployment in Saudi Arabia

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Unemployment in Saudi Arabia

Abstract:

We can state that the main goal of any development plan in any place in the world is securing jobs for citizens. In the kingdom, we are living through unprecedented growth. We have seven million foreigners and we rank second after the U.S. in remittances. Yet, 10 percent of Saudis are vying for getting the 2,000 riyals offered by the Hafez program for job-seeking citizens.

In this research, we are going to discuss the problem of unemployment in the KSA and indicate its reasons, results and compare it with other countries in the world. We also are going to show the efforts of government to face this problem.

Introduction:

There is no doubt that the kingdom has managed to maintain its economic standing despite the financial crisis that hit the entire world. However, economic success is not measured by the level of attracting foreign investment or the size of money surpluses. It is rather measured by the ability to feed the people.

In fact, unemployment is very spread, and risk on society. So, unemployment has a lot of impacts and causes. Unemployment threats the stability and continuation of Saudi Arabia. You find the unemployment between the young people that don’t educated or average efficiency. All countries try to solve the problem in any way.

Unemployment figures in most developing countries are unreliable. There are no official employment agencies which register work seekers on a regular basis and governments may be reluctant to make known the extent of the problem.  Saudi Arabia is no exception. There are no official employment agencies which register work seekers on a regular basis and governments may be reluctant to make known the extent of the problem.

Literature review:

There are many previous studies that focused on the problem of unemployment as it is one of the biggest and dangerous...
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