Home / Knowledge / News / Apparel/Garments / Saudi Arabia to create 1 million new jobs in retail
Saudi Arabia to create 1 million new jobs in retail
09
Jul '16
In line with the Kingdom's Vision 2030, the Saudi retail sector has taken concrete steps to generate 1 million new jobs by 2020 and provide the youth with more opportunities to work in commercial shops, vegetable markets, telecommunication shops, and several other fields.

Saudi Arabia's retail sector enjoys more than SR 370 billion in investments annually and retailers will play a central role in the implementation of Vision 2030 as also realising the goal of limiting the unemployment rates in the desert country, Fahad bin Saiban Al-Sulami, Member of the Board of the Jeddah Chamber of Commerce and Industry told website www.arabnews.com .

The retail sector, said Al-Sulami, will help bring unemployment down from 11.6 percent to 7 percent, as stipulated in the vision, while the labour market will see more female participation and an over 10 percent growth.

The Ministry of Labor and Social Development's upcoming 5-year plan will see more than 1.3 million Saudi nationals enter the labour market as a result of the plan to nationalize the retail, telecommunication, taxi, travel and tourism, real estate, gold and jewellery, and vegetable market sectors, he said.

Al-Sulami also stressed the need to face the major challenges facing the retail sector, such as 'cover up' practices, the high cost of available commercial spaces, labour shortages, limited investment in training national cadres, as well as inadequate infrastructure to serve the sector.

"Many SMEs turn to expatriate labour because they are seemingly more affordable, a situation that has increased the percentage of expatriates in the sector to more than two-thirds and created significant economic pressure," he said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Ghana to set up equipment hub for apparel sector

Apparel/Garments | On 23rd Jan 2018

Ghana to set up equipment hub for apparel sector

As part of efforts to seek ways to improve market access for Ghana’s...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search