If youth means potential, Saudi Arabia has plenty of it. Demographic reality of
educated and trained youth coupled with the government's emphasis on developing
human resources offer distinct possibilities for foreign investors. Joint
ventures with the Saudi government and the private sector have groomed a
generation of managers and technocrats. Today's situation offers tremendous
opportunities for training and development.
There has been a rise in the number of young Saudi professionals graduating from
Saudi universities. The government has created the Human Resources Fund for job
skill training for Saudi youth. The Kingdom allows businesses to recruit from
overseas if necessary. There are around six million skilled and semi-skilled
expatriate workers in the Kingdom, from senior managerial level to laborers.
Unskilled labor in Saudi Arabia costs US$2.77/hr compared to US$2.63/hr in
Mexico and US$22.60/hr in France. The Kingdom offers substantial public and
private educational institutions and Research and Development facilities. The
private sector also runs major vocational/professional institutes.
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