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Saudi Study: 65% of Future Jobs Don’t Currently Exist

Riyadh Gov. Prince Faisal bin Bandar inaugurates Tuesday Riyadh Economic Forum (REF), in its ninth edition. SPA
Riyadh Gov. Prince Faisal bin Bandar inaugurates Tuesday Riyadh Economic Forum (REF), in its ninth edition. SPA
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Saudi Study: 65% of Future Jobs Don’t Currently Exist

Riyadh Gov. Prince Faisal bin Bandar inaugurates Tuesday Riyadh Economic Forum (REF), in its ninth edition. SPA
Riyadh Gov. Prince Faisal bin Bandar inaugurates Tuesday Riyadh Economic Forum (REF), in its ninth edition. SPA

The Saudi Minister of Education, Dr. Hamad Al al-Sheikh, showcased Tuesday a study on future jobs, revealing that 65 percent of them don’t currently exist while 41 percent others are subject to replacement.

The study also showed a drop in the unemployment rate during the past four years, reaching 12 percent in 2019 from 12.8 percent in 2017.

Dr. Hamad stressed that some new jobs surfaced with time, and with the change of technique and industries. Also, some skills became a must in all fields, he continued.

The minister highlighted the need to know future jobs, 21st-century skills, and functions of the Fourth Industrial Revolution.

Riyadh Gov. Prince Faisal bin Bandar inaugurated Tuesday Riyadh Economic Forum (REF). Dr. Hamad chaired a session to study future jobs, in which it focused on outlooking future jobs in Saudi Arabia in response to international and local technical, social, and economic changes.

The Chairman of the Riyadh Chamber of Commerce and Industry (RCCI), Ajlan al-Ajlan, told Asharq Al-Awsat newspaper that the kingdom offers work to everyone.

The changes achieved in the past two years need 20 years to be accomplished, he said.

Moreover, REF continues to present studies and sessions from Jan. 21 till the 23rd of Jan. In its 9th edition, the forum tackles five studies on the role of balanced development in promoting reverse migration, economic reforms and their impact on economic development, the role of the not-for-profit sector in social and economic development, future jobs in the kingdom, and the impact of environmental issues on economic and social development.

This forum was launched 18 years ago to go in tandem with the development requirements and outlook the role that can be played by the private sector to reinforce researches and studies and to boost the economy.

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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.