By Innovation-sa on July 24, 2018 in News
The General Authority of Statistics (GAStat) reports indicated a positive growth in the Saudi job market with more than 350,000 new job opportunities to be created for locals and expatriates in the near future.
The report predicts 38,000 new opportunities for Saudis and 67,000 vacancies for foreigners in the food, commercial and housing sector. Meanwhile, the industrial sector will have 23,000 job openings for Saudis and 32,000 vacancies for foreigners. The construction industry is expected to generate 11,000 openings for Saudis and at least 53,000 for foreigners. The entertainment sector will provide employment to 750 Saudis as well as foreigners.
The GaStat reports indicated a drop in female unemployment rate in the Kingdom to 30.9 percent during the first quarter of 2018. However, despite untiring efforts from the government, unemployment rate among Saudi men increased from 6.1 percent in first quarter of 2017 to 7.6 percent in the first quarter of 2018.
The contribution of Saudi enterprises to the Kingdom’s GDP showed a slight increase from 41.86 percent to 41.89 percent. The average salary for Saudi men was SR8,388 last year and SR4,939 for Saudi women while it was SR2,679 for non-Saudi men and SR4,737 for non-Saudi women.
Saudi Gazette – 17 July 2018