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Tuesday, 24 April 2018

Saudi Arabia raises the alarm over rising unemployment

Saudi Arabia raises the alarm over rising unemployment:

"A senior Saudi official has sounded the alarm over rising unemployment as Crown Prince Mohammed bin Salman pushes ahead with an ambitious plan to overhaul the economy and create private sector jobs. Ahmed Kattan, deputy minister for labour, told a business forum on Tuesday that the job market in the oil-dependent nation suffered from “structural problems”, coupled with a deep-rooted addiction to foreign low-wage workers. “As a government, it is an extremely big concern that unemployment is increasing while number of visas is also increasing,” Mr Kattan said. “That means the economy is creating jobs but we don’t give jobs to our citizens.”"



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