February 19, 2021

Investment in Human Capital

 


Abdullah Al Alami
Feb 19, 2021

Saudi Arabia intends to raise competitive strategies to empower women, employ innovative technologies, raise the competencies of the national economy, and introduce modern academic programs.

Saudi women participation in the economy enabled them to put their mark in various fields. The government message is clear; Saudi Arabia continues its efforts in empowering men and women, and support their participation in knowledge economy and national development.

We need to invest all available resources to capitalize on our human assets’ capabilities. However, encouraging Saudi men and women to participate in research, innovation and entrepreneurship is not the responsibility of the state alone. The business community must also double its efforts to develop on-the-job training plans. To be honest, efforts of some institutions are very modest in building the youth image in the country and abroad.

Saudi people have the ability and flexibility to keep pace with rapid development. They have succeeded in research and innovation and managed to provide a healthy family environment at home as well. We should keep pace with transformations, and I specifically mean raising the efficiency of human capital. This is the time to enable female graduates to compete in the labor market, along with their male counterpart, to solidify national identity.

We all need to support the country's efforts to encourage constructive dialogue with the new generation. Let’s work smarter to enhance our development plans to ensure their effectiveness in achieving our ambitious goals. Let’s work on increasing revenues and reducing dependence on the State budget.

Education institutions should develop their capabilities consistent with international standards. I have no doubt that education entities are keen to achieve their goals with competitive standards both at home and abroad.

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