Tuesday 31 January 2012

Saudi Arabia embarks on $130bn voyage to economic change - The National

The Arab Spring has galvanised governments across the Middle East and North Africa into action to create desperately needed jobs and raise living standards.

Nowhere is that more evident than in Saudi Arabia, the Gulf's largest economy, where about 40 per cent of 16 to 24-year-olds do not have a job.

The political upheaval of last year has given an extra urgency to the kingdom's quest to create work for its young people. It has also ushered in laws and policies aimed at attaining the enormous goal of creating three million jobs by 2015 and double that by 2030.

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