The GLMC report underscores Saudi Arabia's proactive approach in implementing policies that align with the goals of Saudi Vision 2030, focusing on workforce requalification and reducing unemployment. This strategic alignment has positioned the Kingdom as a model for other nations grappling with similar labor market issues.
A key aspect of Saudi Arabia's success is its emphasis on skill development and workforce requalification. The Kingdom has invested significantly in education and vocational training programs to equip its citizens with the skills necessary for the evolving job market. This investment has led to a notable increase in female labor force participation, which surpassed the 30% target set for 2030, reaching 35.8% in the second quarter of 2024. This surge is credited with improving service quality across various industries.
The lifting of the ban on women driving in 2018 and the easing of male guardianship rules have further enabled women to seek employment beyond traditional sectors like healthcare and education. These reforms have opened new avenues for women in the workforce, contributing to the overall economic diversification efforts.
Despite these advancements, challenges persist. Traditional gender roles and financial independence issues continue to affect women's participation in the labor market. Additionally, while the overall unemployment rate has decreased, certain sectors still face difficulties in attracting and retaining skilled workers.