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World Bank: Saudi Arabia's economy can generate more jobs

World Bank: Saudi Arabia's economy can generate more jobs

The World Bank group stated that the Saudi economy is capable of creating more jobs, with the unemployment rate falling below 7% and enhancing economic growth potential to provide new employment opportunities. The report confirmed that Vision 2030 has contributed to strengthening the Saudi economy and accelerating efforts toward economic diversification. It pointed out that sectors such as tourism, food security, and infrastructure serve as reliable models for job creation in Saudi Arabia and developing countries. Saudi Arabia is collaborating with the World Bank to enhance employment opportunities and direct funding that may exceed $22 billion to support the economy and develop the local market.

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