[:en]Key observations of The Labor Market Outlook Report are as follows:

The Saudi unemployment rate fell slightly by 0.1% to 11.6% during the first half of 2015 compared to the second half of 2014.

Saudi employment growth in the private sector remained healthy during this period but hiring levels in the public sector were slower.

Increased Saudi employment and Saudization levels in the private sector were buoyed by positive growth in labor productivity during 2014. Continuing labor market reforms are playing a notable role in the witnessed improvement.

Two key structural enablers of employment growth and labor productivity remain enhanced education opportunities and private sector investment. Both areas require a re-focus to meet the changing needs and dynamics of the workplace and economy.

Combined estimated increase in Saudi working age population by 2025 to17.9 million and with an accompanying rise in Saudi Labor force participation – this will see 226,000 new Saudis per year eligible to enter the employment market over the next decade.

Public Sector employment forecast for Saudis to grow by 84,000 new jobs per year for the next 10 years.

However, higher base line of potential workers available to the marketplace in coming years allied to lower future projected public sector employment figures (compared to 2006-14 average) confirms policymakers objectives in directing the private sector to be the “main engine for Saudi job creation” moving forward.

Three potential forecast scenarios for Saudi unemployment rates by 2025 include: 0% underpinned by high Saudi employment growth (corresponding to The Ministry of Economy and Planning long-term strategy), moderate baseline estimate of 6% Saudi unemployment and a “no-action” scenario yielding a 16.9% Saudi unemployment rate.[:]

[:en]Since our accession to the WTO in 2005, increasing our competitiveness to attract a new generation of investments for diversifying the economy has truly become a national effort. Today’s summit will provide us with further insight into what next steps can be taken to catapult Saudi Arabia to the next level.”
The governor said much has been done in the past five years to improve, in particular to increase the ease of doing business, but important decisions and announcements — many in developing infrastructure — will be made soon to further signal to the global business community that Saudi Arabia is open for business.

The GFCC this year will bring together leaders from 30 countries to share best practices to enhance competitiveness strategies. In that respect, GFCC is more than just a knowledge, policy and strategy creation platform. The GFCC is an action organization, giving members the tools to enhance the competitiveness of their home countries, regions and organizations.[:]

[:en]At the beginning of the meeting stressed Samaani the importance of coordination between the Ministries of Justice and Social Affairs for the delivery of the rights of their respective owners.

His Excellency the Minister of Social Affairs, in cooperation and continuous coordination with the Ministry of Justice as to contribute to provide the best services to the beneficiaries.

The meeting dealt with mutual cooperation between the two ministries to increase electronic connectivity via the channel (integration) which allows access to the instruments of determination of heirs and decades of marriage and divorce deeds with identification history for each document and identify the land and its data type.

also addressed the meeting, which was attended by deputy ministers from both sides instruments dependency and abandonment and lack of maintenance for women and electronic registration of the marriage contract, in addition to the discussion of ownership owned by the Association of Property or the charity record.

The meeting addressed the role of the field, social and psychological reports prepared from the Ministry of Social Affairs and the observance of which contained recommendations on cases of domestic violence, and juvenile delinquency.

At the beginning of the meeting stressed Samaani the importance of coordination between the Ministries of Justice and Social Affairs for the delivery of the rights of their respective owners.

His Excellency the Minister of Social Affairs, in cooperation and continuous coordination with the Ministry of Justice as to contribute to provide the best services to the beneficiaries.

The meeting dealt with mutual cooperation between the two ministries to increase electronic connectivity via the channel (integration) which allows access to the instruments of determination of heirs and decades of marriage and divorce deeds with identification history for each document and identify the land and its data type.

also addressed the meeting, which was attended by deputy ministers from both sides instruments dependency and abandonment and lack of maintenance for women and electronic registration of the marriage contract, in addition to the discussion of ownership owned by the Association of Property or the charity record.

The meeting addressed the role of the field, social and psychological reports prepared from the Ministry of Social Affairs and the observance of which contained recommendations on cases of domestic violence, and juvenile delinquency.[:]

[:en]And revealed the central administration for permission to documentation at the Ministry of Justice that the citizens have the other GCC countries other than the State of Kuwait for the drug in the Kingdom for the year 1436 AH reached (87) instrument owns, statistical and reported that the citizens of the State of Qatar received the second highest rate of (48) instrument owns, came after the State of Bahrain, where own citizens (25) instrument of a property in the Kingdom during the last year, was followed by the United Arab Emirates by owns (6) instruments of the property, then the State of Oman recorded the lowest level of ownership by (8) instruments of real estate for its citizens within the Kingdom.

which was issued by the Ministry of Justice a significant drop of acquisition by the citizens of the GCC countries, where the ministry recorded owns the citizens of cooperation by member states (400) citizen Gulf for the year 1435 AH, with Justice reports have (516) Emtemlka of the property during the 1434 e year recorded.

According to the Ministry of Justice its commitment to end all actions to have the citizens of the Gulf Cooperation Council with precision and speed in accordance with the regulations of the Kingdom.[:]

[:en]Asserting that Saudi-Russian ties are poised to “scale new heights,” Al-Othman said in a brief statement that the Kingdom’s relationship with Russia was a “key element in its bilateral engagement as the country moves forward to forge closer ties.” “In fact, Riyadh and Moscow have evinced keen interest to boost bilateral links in all sectors”.

The SAGIA chief, during his stay in Russia, will also hold talks with top Russian officials. Several joint workshops will be organized on this occasion to focus on potential areas of cooperation. Topics of workshops include joint cooperation in mineral exploration, transport, infrastructure development, agriculture, oil & gas, housing, real estate, tourism, electricity, renewable energy, water desalination and health care.

A framework agreement to set up “Russian-Saudi Joint Committee” is also likely to be signed on the sidelines of the business conference. All these initiatives that would be launched during the visit will further promote the unified investment plan prepared by SAGIA that identifies about 100 investment opportunities in 18 sectors with a cumulative value of SR1.3 trillion.[:]

[:en]The three-day trip was jointly organized by the German-Saudi Arabian Liaison Office for Economic Affairs (GESALO), the German Embassy Riyadh, the Ministry for Finance and Economic Affairs of Baden-Württemberg, Baden-Württemberg International GmbH (bw-i) and Handwerk International Baden-Württemberg / BW Construction.

The delegation head and other members met the board of directors of the Riyadh Chamber of Commerce and Industry and later held B2B meetings with Saudi Arabian companies in the chambers premises. This was an integral part of the delegation trip. The meeting with SAGIA and German companies already doing business in Saudi Arabia will give further insights into the market. The visit program also included the King Abdullah Financial District and the company Al[:]