Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

44% of Saudis are young, making up 78% of the labor pool

Youths react while a female DJ plays at a beach event in Saudia Arabia's Red Sea city of Jeddah on May 26, 2022. (AFP/File)
  • Saudi Arabia on Monday launched "Youth Development Strategy" to help its youth to play a critical role in the national economy
  • Aligned with the Saudi Vision 2030, the strategy seeks to create an enabling environment for the progress and growth of young people

Riyadh, Saudi Arabia – Saudi Arabia on Monday launched “Youth Development Strategy” to help its youth to play a critical role in the national economy, who, according to the kingdom’s Minister of Human Resources and Social Development, Eng. Ahmed Al-Rajhi, constitute 44% of the population and 78% of the workforce in the country.

“The development strategy aims at empowering young Saudis and supporting them to achieve national aspirations through developing opportunities and choices for the youth in a way that is compatible with their interests and aptitudes in all fields,” Al-Rajhi said during the launch ceremony, as reported by Saudi Gazette.

He praised the collaborative efforts with over 30 governmental and private entities, emphasizing the strategy’s focus on regulations, legislation, and building capabilities for youth work. Al-Rajhi stressed the importance of raising youth participation in decision-making and community affairs.

He noted: “This resulted in the integration of youth into 24 tangible vital sectors, so that they can be an active part in building our bright future.”

The strategy, extending until 2030, is based on five major pillars with the core vision that “Our youth are wealth.”

Al-Rajhi outlined ten specific goals, including increasing youth contributions to development, implementing 20 initiatives and 40 projects targeting different youth segments to enhance their global competitiveness.

“This strategy came in cooperation and partnership with more than 30 governmental and private entities, offering the youth a variety of programs and initiatives in various fields,” he said while expressing gratitude to partners.

Aligned with the Saudi Vision 2030, the Ministry of Human Resources and Social Development seeks to create an enabling environment for the progress and growth of young people. The strategy aims to provide the necessary conditions for developing their capabilities, enhancing their values, and improving their quality of life. The ultimate goal is to foster safe environments and support initiatives promoting a healthy and active lifestyle, contributing to elevated youth development indicators not only within Saudi Arabia but also at the international level.