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Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

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.

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: