Arab Press

بالشعب و للشعب
Tuesday, Aug 26, 2025

Saudi Arabia joins WEF Jobs Consortium reinforcing Vision 2030 

Saudi Arabia joins WEF Jobs Consortium reinforcing Vision 2030 

Saudi Arabia’s Ministry of Economy and Planning has joined the World Economic Forum’s Jobs Consortium at the WEF annual meeting in Davos, as part of its efforts to develop the Kingdom’s labor force under Vision 2030.
The Jobs Consortium is a union of world-class leaders with the unilateral vision of developing job creation and job transitions to reach a more promising and inclusive future in terms of employment, according to a press release.

"People are the key driver of any successful transformation and the sustainability of its outcome. Everything we do is focused on empowering our people by equipping them with the evolving set of tools and skills, and creating the opportunities for them to capture, grow, and flourish," said the Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim at the WEF.

The new membership supports Saudi Vision 2030 “and its commitment to building a thriving, vibrant economy that creates new sectors, hundreds of thousands of new jobs, and cross-cutting innovation,” stated the press release.

Al-Ibrahim further mentioned a central aspect of Saudi Arabia’s Vision 2030 in the WEF is to limit the Kingdom’s oil dependence and produce new industries thus luring talent into the country.

“Moving forward, we expect the new sectors that did not exist in the past — we have sports, entertainment, culture and tourism — to play a big role,” Al-Ibrahim said to Reuters on the sidelines of the WEF, noting that the Kingdom planned to generate high-quality jobs faster than the rate at which people enter the labor market.

He noted that the Saudi female participation in the labor force reached 37 percent exceeding the initial target of 30 percent by 2030, while the male unemployment rate hit a record low of 4.8 percent.

“We reached 2.2 million private sector jobs this year, which is a record high.”

Saudi Arabia’s execution in the esports industry illustrated the reaping of what has been sown by the Kingdom’s intended diversification efforts in that industry.

Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled the National Gaming and Esports Strategy last September, revealing its aims to produce more than 30 competitive games in the Kingdom’s studios and become one of the top three countries containing the highest number of professional esports players.

The strategy marked the start of a new era towards leading the sector and making the country a global hub for the gaming industry by 2030, according to the state news agency SPA.

Raising the quality of life by improving players’ experience, providing new entertainment opportunities, and achieving an economic impact by contributing to the GDP by about 50 billion riyals are the strategy’s three main objectives.

SPA’s report also suggests that this will lead to the creation of 39,000 new job opportunities by 2030.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
×