Saudi Arabia Job Market 2014 - www.arabworldcareers.com

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Saudi Arabia - How job Market is looking like in
2014.
Saudi Economy is likely to grow by 4.5 percent in
2014 by IMF predictions.US fed tapering
moved to 2016, an averted Syria war and stable
growth in the Middle East region are all
contributing to the stability and positive
outlook of Saudi Arabian Job Market in 2014. The
keyjob market drivers till October 2013 were
construction, crude oil production, petroleum
andpetrochemical exports, education, retail and
travel industries. Arab World Careers captured
awhole lot of vacancies in these industries with
hundreds of job postings live on the
website.Saudis Council of Ministers approved a
huge 218 billion budget for 2013 and the
expectedbudget for 2014 is forecasted between
240 - 260 billion. Roughly 75 of budget
revenues and90 of export earnings come from the
oil industry. Saudi Arabia is expected to lead
the MiddleEast Jobs and Gulf jobs market rally
in 2014 too.
Government public spending would be the key
trigger for growth in 2014. Education,
includingbuilding new schools, vocational
training, scholarships abroad, roads, transport,
water,agriculture, industry and construction
would be the key sectors that would enjoy a major
shareof the budget. The financial stability of
the kingdom oozes positive outlook on the economy
andthe country as a whole. Kingdom's budget
surplus in 2012 hit 386 billion Saudi Riyals
(102.93billion) as oil-dominated revenues
continued to rise. The vibrant non-oil economical
activitiesare expected to reduce the kingdoms
dependency on oil-exports.
For jobs in Dubai, jobs in Saudi Arabia, jobs in
Qatar, jobs in Oman, jobs in Kuwait, jobs in
Bahrain jobs in Egypt, visit www.arabworldcareer
s.com - The most preferred job portal inMiddle
East Gulf .
Non-oil exports and privatization are countering
the challenges such as weak US oil demand(due to
migration to shale gas), slower growth in china
and more oil production from Iraq andLibya. The
current Saudi Arabia five-year plan (2010-2014)
aims at developing and improvinginfrastructure
and investing in human capital through education
and training.These industriesgenerate thousands
of jobs in Saudi Arabia every year.
The government is spending heavily on housing and
job creation following the events of ArabSpring
2011 and this trend would continue strong in 2014
too.
The recent report by International Monetary Fund
- Saudi Arabias Strong Growth OffersChance to
Tackle Jobs Challenge is recognition and
confidence by internationalcommunity on the
kingdom. IMF observes that the growth outlook
remains positive,Saudi Arabia will continue to
play key stabilizing role in global oil market
and
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government is pushing reforms to focus on growth
and employment while maintainingstability. A
large number of young people will enter the labor
market in this decade andcreating a sufficient
number of rewarding jobs for them in the private
sector will be achallenge. The authorities are
thus giving priority to labor market policies
aimed atimproving skills and raising private
sector employment of Saudi workers.
The continued work on six "economic cities"
(including King Abdullah Economic City) which
are planned to be completed by 2020 would add
more jobs in 2014. These six new
industrializedcities are intended to diversify
the economy of Saudi Arabia. Diversification
efforts are focusingon power generation,
telecommunications, natural gas exploration, and
petrochemical sectors.Overall 2014 promises and
predicts to create 1000s of new jobs in Saudi
Arabia in all the keyand supporting industries.
For jobs in Saudi Arabia, visit
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