Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Riyadh Season draws 8 million visitors in 6 weeks    Saudi FM attends Quadripartite meeting on Sudan in Italy    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Georgia's new parliament opens first session amid mass protests and boycott    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Cabinet decisions to support economic reforms
Published in The Saudi Gazette on 31 - 10 - 2015

On the occasion of the 70th anniversary of the United Nations, UN Secretary-General Ban Ki-moon called on member states to reflect upon the pledge of the Sustainable Development Goals of the UN and urged the international community to redouble its efforts to meet current and future challenges of peace, development and human rights. The President of the UN Economic and Social Council (ECOSOC), Oh Joon, also stressed the need to build upon global collective action and achievements with determined efforts to promote social progress and better standards of life. He said that the UN 2030 Agenda will require that all countries and all stakeholders come together to make the goals a reality.
Commemorating the historic occasion at home, the Saudi Council of Ministers expressed the Kingdom's readiness to cooperate with other member states to achieve the noble objectives of the UN reforms.
The Council announced a series of procedures aimed at regulating and developing small- and medium-sized enterprises (SMEs) based on global best practices with the objective of raising their productivity, increasing their contribution to gross domestic product (GDP), raising their capacity to play a role in the national economy in order to generate more jobs for Saudis and nationalizing technology.
For these ambitious goals to succeed there should be a political will to collaborate with global companies and cooperate with cross-border initiatives to enhance the entrepreneurial skills of Saudi youth and explore the prospects of boosting young SMEs, creating opportunities for them to build an improved entrepreneurial and social environment.
The Kingdom could cooperate in many ways with the international community to produce effective and efficient results. Collaboration with international experts and global business leaders could create investments to boost the economy and accelerate economic reforms.
A global support network that would involve lawyers, bankers, financiers and investment companies could have a positive impact. Such a network could offer entrepreneurs the necessary legal and financial support to help them set up their own businesses. The ultimate goal would be empowering entrepreneurs to become job creators and consequently employing others to build a strong contributing society.
An official protocol to facilitate the employment of youth in leading global companies could address the unemployment problem and help Saudi employees gain experience and the technical knowhow to advance their careers.
Effective implementation of innovative policies is needed for the Kingdom to overcome its economic challenges. Saudi graduates do not have the skills or proper qualifications to join the workforce, and business opportunities are limited. On-the-job training is lacking and there is a need for more investments to boost the economy. Internship programs in international enterprises can upgrade the skills of young graduates, introduce new business concepts, keep them up-to-date with global trends and developments and teach them the basic requirements to succeed.
Meanwhile, another Cabinet decision that was well received was the endorsement of a new administrative regulation for all governorates that directs the Ministry of Interior to create offices for women and include them in the organizational structure of governorates. The announcement was welcomed by young female graduates and professional women seeking jobs in the Kingdom.
This is a positive move that could finally provide upward mobility for women and allow them to participate in social, economic and political life. Many capable and qualified women remain marginalized because of the lack of a supportive infrastructure and rigid discriminatory policies. According to the 2014 McKinsey "Women Matter" survey, women in Saudi Arabia hold less than one percent of executive-committee and board positions which is among the lowest in the world.
Unfortunately, government agencies and public corporations have not felt the need to employ capable and qualified women thus harming our economy and social progress. The decision to include women in the organizational structure of governorates is a clear indication that the government is finally committed to creating an environment where women can contribute in governmental and non-governmental leadership positions.
The move is a step in the right direction and could influence change putting an end to the biased culture that makes it difficult for women to be recognized as capable citizens who are qualified to hold senior posts in government or any company or organization.
Global exchange, innovative mechanisms and international institutional and business partnership can promote career opportunities to help young Saudi men and women have a positive impact in the workforce and the business community. Saudi stakeholders must show more commitment to implementing the UN 2030 Agenda and achieving the sustainable development goals that are required for economic progress and social prosperity.
Samar Fatany is a radio broadcaster and writer. She can be reached at [email protected]


Clic here to read the story from its source.