Women’s economic empowerment policies broaden employment prospects in Saudi Arabia

Women’s economic empowerment policies expand employment prospects in Saudi Arabia

Opening up the economy after pandemic restrictions improves employment opportunities during the second half of the year


Sunday – 24 Safar 1442 AH – 11 October 2020 AD Issue No. [
15293]

Saudi Arabia continues to work on policies to activate the role of women in the labor market (Asharq Al-Awsat)

Riyadh: Fatah Al-Rahman Yusef

At a time when a recent Saudi report expected that opening up the economy after the restrictions of the pandemic would improve employment prospects in the second half of this year, specialists confirmed to Asharq Al-Awsat that the Saudi female component is now achieving great competition, pointing out that Saudi women’s economic empowerment policies have strengthened Job creation.
The experts pointed out that Saudi policies are directed towards empowering women in their economic and administrative participation, in a trend that is growing and rising, which necessitates the necessity of continuing the paths of developing, training and qualifying Saudi women in all fields to achieve the ambitious programs of Vision 2030.
Economic advisor Yahya Al-Hujairi pointed out that the government has launched a number of possible programs for the role of women, including the National Transformation Program for empowering women in the labor market, indicating that its presence is currently estimated at between 21 percent to 24 percent of the workforce, at a time targeting In it, the percentage of women’s economic participation should be raised by 25 percent by the end of the current year.
Al-Hujairi called for the importance of launching more initiatives to empower Saudi women, enhance their economic efficiency, train and develop them to break into other areas, work to create a working environment, stimulate policies, legislation and procedures that develop their economic performance, and as a workforce in the Saudi market, and achieve sustainability of women’s work in various fields. To contribute to achieving diversification of the economy and increasing production and productivity.
For his part, Santosh Bay, President of the Arab Landmark Company in Saudi Arabia, said: “Saudi women are expected to play a vital role in the development strategy of the Kingdom’s Vision 2030 … A significant increase in the number of Saudi women occupying managerial positions in various sectors during The past decade ».
Bay continued: “This increase is reflected in the strengthening of women’s economic empowerment, and thus their ability to spend and buy, leading to more growth in the retail sector.” Of course, all of this will lead to a growth in job opportunities that will have a positive impact on the economy. Saudi as a whole ». The head of the Arab Landmark in Saudi Arabia added, “Thanks to the bold developments that we are witnessing, and the participation of more Saudi women in the workforce, the Saudi economy is definitely on its way to growth.” Bay pointed out that Saudi women are present in all sectors, including the retail sector, noting that the Landmark Group in particular has an executive workforce that understands clients’ needs, while striving to set a clear standard for the development of women’s jobs and their participation in the private sector.
For his part, economic analyst Abdul Rahman Al-Atta believes that the Saudi vision has opened the door to maximizing the role of women in all fields, especially in the economic fields, noting the increase in the percentage of women in economic, administrative and executive work in various fields recently.
Al-Atta pointed to the female presence in the Saudi market in general, and in the retail sector in particular, noting that there has been a clear movement of women in business leadership, capacity development and job opportunities, with the need to launch more initiatives that support women and involve them in making economic decisions within the corridors of the sector. Private and existing companies, to be more productive and contribute to sustainable development.
On the other hand, Jadwa Investment Company pointed out, in a report issued a few days ago, that opening the economy, and continuing to lift restrictions related to the emerging Corona pandemic, will push to improve employment prospects in the local market in the second half of 2020.
According to Jadwa Investment, it is expected that the unemployment rate among Saudis will witness a gradual improvement in the second half of the year, indicating the contribution of the extension of the “SANED” system, as well as other initiatives implemented by the Human Resources Development Fund and the Ministry of Human Resources, in this improvement during the coming period. .
In its report on the developments of the Saudi labor market, she stated that despite the exceptional situations that the labor market is exposed to in the second three months of this year, the state employment support system, which is supervised by the Human Resources Development Fund and the “SANED” system, helped to reduce the level of job losses. On the job market.
Jadwa Investment indicated that opening the economy and lifting a number of restrictions related to the pandemic helped reduce the number of unemployed people during the third quarter of this year, noting that offering seasonal jobs during the summer, as part of the local tourism initiatives supervised by the Ministry of Tourism , Has boosted staffing levels.
According to the report, there are several positive indicators that will support the labor market in the fourth quarter, highlighting the consumer spending data and the PMI, which clearly indicate that the local economy is witnessing a gradual recovery.
Jadwa Investment believes that the gradual lifting of restrictions on Umrah will contribute to helping stimulate the creation of job opportunities, which supports the prospects for the recovery of seasonal job opportunities in the last quarter, along with the continuation of entertainment activities at a more limited level, compared to last year, in various parts of the Kingdom. .
In addition, the indicators of the first quarter of 2020, according to the latest report issued by the General Authority for Statistics, show that empowering Saudi women and increasing their share in the labor market is growing, in accordance with what the Kingdom’s Vision 2030 calls for. The Ministry of Human Resources and Social Development has taken steps to target women Saudi Arabia is among its goals, through empowerment programs, training and leadership guidance, to enhance the participation of women in leadership as decision-makers, and to enable them to assume leadership positions.
The Ministry of Human Resources and Social Development is working on standard indicators to measure the percentage of achieving goals, as it recently disclosed high achievement rates, as the index of increasing women’s economic participation in the labor market recorded 25.9 percent until the first quarter of the year, surpassing the target for the current year 2020, which is 25 The percentage of female unemployment decreased, and the contribution of women to economic development increased during the first quarter.

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The Saudi economy

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