INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

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: