INSEAD-Day

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi construction sector employs 3 million workers

  • The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force.
  • GCC countries face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market.

Dubai, UAE — The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force in the GCC countries, mostly in the construction and manufacturing sectors. They face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market. The governments are addressing labor market challenges by promoting vocational training and education for nationals, introducing quotas on foreign workers, facilitating the recruitment of skilled labor and encouraging female participation in the labor market. Here is the distribution of the labor force across five major sectors in the GCC countries: