Saudi Arabia Offers 70,000 Jobs Through New Unified National Employment Platform

Minister of Human Resources and Social Development Ahmed Al-Rajhi at the launch of the Jadarat platform. (Asharq Al-Awsat)
Minister of Human Resources and Social Development Ahmed Al-Rajhi at the launch of the Jadarat platform. (Asharq Al-Awsat)
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Saudi Arabia Offers 70,000 Jobs Through New Unified National Employment Platform

Minister of Human Resources and Social Development Ahmed Al-Rajhi at the launch of the Jadarat platform. (Asharq Al-Awsat)
Minister of Human Resources and Social Development Ahmed Al-Rajhi at the launch of the Jadarat platform. (Asharq Al-Awsat)

The Saudi government has introduced “Jadarat,” a new national job platform designed to simplify the job search process and connect job seekers with employers. The platform aims to make it easier for citizens to find jobs and for employers to access local talent through an efficient digital system.

The launch of Jadarat follows a Cabinet decision from February 2021 to create the platform. Last October, the Cabinet appointed the Saudi Human Resources Development Fund, also known as Hadaf, to manage Jadarat, which will serve as the main tool for national employment.

On Sunday, Minister of Human Resources and Social Development Ahmed Al-Rajhi, along with Tourism Minister Ahmed Al-Khateeb and Hadaf Director General Turki Al-Jawini, officially launched Jadarat in Riyadh.

The platform uses a digital system to quickly match job seekers with available positions, streamlining the application process.

Al-Rajhi emphasized the government’s focus on developing local talent and improving workforce efficiency.

He noted that Jadarat is designed to unify and verify job seekers’ data, enhance application processes, and make it easier for individuals to access job opportunities.

Al-Rajhi revealed that Hadaf has spent about SR3.7 billion ($986 million) on programs and products to support employment, training and qualification of Saudis during the first half of this year.

More than 100,000 establishments have benefited from these programs and over 153,000 citizens were employed in private sector establishments, he said during the launching ceremony of Jadarat.

“The goal of the platform, under the slogan ‘Ambition and Empowerment,’ is to unify employment efforts and data of job seekers in the public and private sectors, and to raise the quality and reliability of data,” he said.

Speaking on the occasion, Al-Jawini said that there are approximately 70,000 job vacancies on Jadarat in various specializations, needs and sectors of the labor market.

He highlighted Hadaf’s keenness on establishing the platform to review a number of international qualitative experiences and take into account the challenges that the labor market previously faced.



Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
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Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)

Egypt's net foreign assets (NFAs) dropped by $1.12 billion in October after a rise in September, central bank data shows.

NFAs declined to the equivalent of $9.21 billion at the end of October from $10.33 billion at the end of September, according to Reuters calculations based on the official central bank currency rates. The decline followed a $591 million gain in September.

Egypt had been using NFAs, which include foreign assets at both the central bank and commercial banks, to help to prop up its currency since as long ago as September 2021.

NFAs turned negative in February 2022 and only returned to positive territory in May this year.

Foreign assets rose at the central bank in October but dipped at commercial banks while foreign liabilities climbed at both commercial banks and the central bank.