Saudization Framework and Unemployment in Saudi Arabia: Antecedents and Consequences

Abstract

It is safe to say that it is not odd to become aware of the unemployment issue from the biggest oil exporter on the planet? The issue of unemployment in Saudi Arabia started to show up at the start of the most recent century.  In 1975, Saudization framework was propelled as a method for supplanting exile with Saudi laborers for limitation employments, yet following 37 years of unemployment is still one of the vital subjects of concern to national.  In view of this, this paper attempts to discuss the principal reason behind this issue.  Also, the paper argues the unemployment aspects that are crucial in Saudi Arabia are training framework, work framework, organizations and outside laborers.  In a universe of developing interest for vitality and sailing oil costs, the Saudis have nothing to stress over; Saudi Arabia’s oil stores represent more than 25% of the world’s aggregate and its regular gas stores are hence on the planet after Russia, Iran and Qatar.  Then again, the Kingdom confronts some incredible investment challenges which call for consideration in order to achieve their significant objectives.

Keywords: Saudization, Saudi Arabia, unemployment