Vision 2030 Requires a Qualification Shift in Saudi Workforce

Mercer Saudi Arabia CEO Mahmoud Ghazi | Asharq Al-Awsat
Mercer Saudi Arabia CEO Mahmoud Ghazi | Asharq Al-Awsat
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Vision 2030 Requires a Qualification Shift in Saudi Workforce

Mercer Saudi Arabia CEO Mahmoud Ghazi | Asharq Al-Awsat
Mercer Saudi Arabia CEO Mahmoud Ghazi | Asharq Al-Awsat

Global consultancy firms stress that initiatives, projects, and strategies recently announced by Saudi Crown Prince Mohammed bin Salman require that operating sectors in the Kingdom develop several key features.

Meeting under the arch of a national transformation plan, dubbed Vision 2030, projects like “The Line,” initiatives like the “Red Sea Project” and strategies like the “Riyadh Strategy,” demand Saudi industries start a new development phase for fundamental aspects such as human capital, performance assessment, and digital transformation.

It is vital that authorities in both public and private sectors seek to engage in the transformations needed to realize the Kingdom’s aspirations, Mercer Saudi Arabia CEO Mahmoud Ghazi told Asharq Al-Awsat.

According to Ghazi, the desired levels of administrative and operational change have also expanded under the new reality imposed by the coronavirus pandemic.

He recommended shifting focus to optimizing internal plans and strategies and setting clear goals that work in concert with the rapid changes needed help along with a transformation in the Saudi economy.

Ghazi also pointed out the importance of raising the efficiency of human capital to meet foreseeable changes at the level of plans in the Kingdom.

Training and qualification programs and courses for stepping up performance must be administered across all departments and even include boards of directors and technicians.

The Mercer CEO added that it is also necessary to measure performance and production standards in administrative work. This will help enhance the efficacy of motivation, reward, assessment, control, and progress.

Other than identifying and filling existing gaps, improved performance and quality control will help sectors become more flexible and adjust to the expected shift in administrative systems.

With Vision 2030 projects set to generate over two million jobs, Ghazi pointed out that Saudi Arabia will likely witness a boom in job opportunities requiring qualification and training.



US Economy Shrinks 0.3% in 1st Quarter as Trump Says 'Be Patient'

President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)
President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)
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US Economy Shrinks 0.3% in 1st Quarter as Trump Says 'Be Patient'

President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)
President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, April 30, 2025, in Washington. (AP Photo/Evan Vucci)

US President Donald Trump said on Wednesday that Americans should be patient in the face of a first quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.

The economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs.
The January-March expansion was the slowest in almost three years and was down from 2.4% in the last three months of 2024. Imports shaved 5 percentage points off first-quarter growth. Consumer spending also slowed sharply.
Trump inherited a solid economy that had grown steadily despite high interest rates imposed by the Federal Reserve to fight inflation. His trade policies — including 145% tariffs on China — have paralyzed businesses and threatened to raise prices and hurt consumers.

Republican Trump blamed his Democratic predecessor, Joe Biden, for the poor showing.

"This is Biden’s Stock Market, not Trump’s," he said. "Our Country will boom, but we have to get rid of the Biden 'Overhang.'

Trump added: "This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!"