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Saudi Arabia Joins WEF Jobs Consortium

Saudi Arabia Joins WEF Jobs Consortium

Thursday, 19 January, 2023 - 09:00
General view of Riyadh city in Riyadh, Saudi Arabia, May 7, 2020. REUTERS/Ahmed Yosri

Saudi Arabia has joined the World Economic Forum’s (WEF) Jobs Consortium, it was announced at the organization’s 2023 Annual Meeting in Davos.

The Jobs Consortium is a coalition of CEOs, ministers, and other leaders with a common aim to promote a better future of work for all by enabling job creation and job transitions, the Saudi Press Agency said.

The community of leaders works to boost foresight on labor market trends, support high job quality and fair wages, and identify investments in key sectors leading to good job creation, SPA added.

The Kingdom’s membership in the Jobs Consortium aligns with Saudi Vision 2030 and its commitment to building a thriving, vibrant economy that creates new sectors, hundreds of thousands of new jobs, and cross-cutting innovation.

"People are the key driver of any successful transformation and the sustainability of its outcome. Everything we do is focused on empowering our people by equipping them with the evolving set of tools and skills, and creating the opportunities for them to capture, grow, and flourish," said Saudi Minister of Economy and Planning Faisal bin Fadhil Alibrahim.

Members of the Jobs Consortium met in Davos at the World Economic Forum Annual Meeting this week to exchange views and agree on priority areas for action to build a better future of work, SPA said.

In the coming months, members will develop case studies to showcase pathways to achieve the consortium’s vision. They will also seek to implement the vision through scaling country and industry-level action, it added.

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