DOI: 10.5176/2251-2449_HRM&PD12.27
Authors: Yusuf Abdul-Jobbar Torofdar and Manuel Melvyn Yunggar
Abstract: Saudi Arabia (SA) is the world’s leading exporter of petroleum and is one of the richest nations in the Middle East, with major economic and political influence. SA’s efforts in economic reform led the way to its ascension to the World Trade Organization (WTO) in 1999. A number of Gulf Countries, including SA, have a very young population. With a massive 60{6e6090cdd558c53a8bc18225ef4499fead9160abd3419ad4f137e902b483c465} of the population under the age of 40, the youth are the voice of the country. Today, SA is faced with the paradox of high wealth and high unemployment. Unemployment among nationals in the Gulf Cooperation Council (GCC) is driven by a number of key factors: lack of skills, low motivation to work, and high salary expectations, SA and the wider GCC share a number of unique challenges. As always, reform is challenged by obstacles and restraints. Can Saudization help assist the country’s plan for economic reform?
Keywords: Nationalization; Saudization; Manpower Management.
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