Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
How is the government ensuring a level playing field in the application and promotion processes within the public sector?
Government agencies and private companies are working together to try to provide young Saudis with the skills that will allow them to work in the Kingdom’s nonoil private sector, which enjoyed growth of 5.5% in 2013, according to Jadwa Investment. In its current five-year plan the government has earmarked a total of SR23.14bn ($6.17bn) for...
For a young country accustomed to relying upon hydrocarbons exports for almost all of its income, education is at the heart of an ambitious agenda to mature and diversify into a knowledge-based economy by 2025. With this in mind, Saudi Arabia has stepped up investment in the education sector and in the young people who will be expected to...
With a transformation agenda backed by a budget of SR210bn ($56bn) in 2014, the education sector in Saudi Arabia holds significant investment potential for the private sector. The government is seeking partners that can help transform both the physical environment of facilities and improve educational standards across the Kingdom’s school...
Education is at the heart of an ambitious agenda to diversify Saudi Arabia away from reliance on hydrocarbons and transform it into a knowledge-based economy by 2025. With this in mind, the Kingdom has stepped up investment in the education sector and in the young people who will be expected to drive that new economy, but policymakers face the challenge of rapid population growth. However,...
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