Al-Khateeb: Rate of Foreign tourists coming for recreational purposes soars 600% in 5 years    Saudi Arabia participates in OIC anti-corruption agencies' meeting in Qatar    Saudi Arabia implements over 800 reforms to drive rapid transformation    Al-Jadaan: Painful decisions were part of the reforms, but economy overcame them    Al-Swaha: Saudi Arabia is heading towards exporting technology in the next phase    Israel-Hezbollah ceasefire appears to hold as Lebanese begin streaming back to their homes    Al Rajhi: Saudi Arabia sets revised unemployment target of 5% by 2030 "300,000 citizens employed in qualitative professions"    Imran Khan supporters call off protest after crackdown    Five survivors found day after Red Sea tourist boat sinking    Russia launched a record number of almost 200 drones toward Ukraine    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    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    Saudi FM attends Quadripartite meeting on Sudan in Italy    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    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.



Retirees nation's forgotten treasure, say economists
Published in The Saudi Gazette on 17 - 12 - 2012


Saudi Gazette report
JEDDAH — The economic power of any country is evident by its human resources factor. This factor effectively contributes to the development and the economic and social pace of the country.
Retirees are a part of this factor but have been largely marginalized. Despite repeated and frequent calls for engaging them productively in the social and economic process, they have been neglected for years.
In view of the international efforts to activate all possible development factors, these human resources should not be neglected. An effective link should be created between retirees who have the desire to work, and government and private bodies who wish to utilize their expertise.
Economic experts stress that retirees in the Kingdom represent the nation's forgotten treasure. Their long experiences in different professions and fields should be employed in the development and economic activities.
Developed countries have invested in these human resources by employing them in consultancy centers.
Research and consultancy centers should be created, where retirees can offer their expertise. These centers will benefit the development process. Their experience will benefit the young, who are in need of direction.
Committees entrusted with the welfare of retirees lack the capabilities to promote their role.
The Chairman of the National Retirees Association Abdulaziz Al-Henaidi told Al-Riyadh newspaper that retirees are a national treasure with high qualifications and long professional experience in various fields.
He said the association was founded seven years ago with the purpose of utilizing retirees and changing the views of some that they are useless dependents.
The latest statistics, he added, show that there are 850,000 retirees in the Kingdom, of whom 16 percent are women.
Economic analyst Ali Al-Towati said that there should be a study of the qualifications and experiences of the retirees. They should be categorized according to their expertise, and support government bodies as consultants. Many can easily replace the hundreds of thousands of expatriates in mid to high levels of executive management in public and private organizations, thus adding to the success of the Saudization program.
Developed countries have achieved many positive results by utilizing retirees.
There are many retired qualified leaders that remain unused. The lack of society's awareness of these retirees is a hindrance that often has a psychological affect on them, said Al-Towati.


Clic here to read the story from its source.