Transport sector's employees up 100% in four years: Deputy Minister
In a speech at the International Labor Market Conference held in Riyadh, Al-Rumaih indicated that Saudi women represent 84% of the sector's labor force, adding that Saudi participation in the sector rose to 47% in addition to 66% of jobs that require high skills, SPA reported.
He also stressed that work is underway to achieve the goal of localizing the sector in the next phase and creating job opportunities of up to 300,000 jobs.
The ministry has developed, in accordance with the Kingdom's Vision 2030, a sectoral strategy through several outlets within the transport and logistics sector, said Al-Rumaih, stressing that the goal is to increase efficiency and provide new job opportunities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
25 minutes ago
- Arab News
SFA President Prince Khaled bin Alwaleed ‘sees promise' in new community partnership with Asics
RIYADH: As part of a three-year partnership signed in January 2025 with the Saudi Sports for All Federation, sports equipment manufacturer Asics has announced a new competition aimed at delivering business solutions in the sports industry. For the latest updates, follow us @ArabNewsSport Asics Ventures is looking to accelerate innovation in sports through investment in and collaboration with cutting-edge technology startups globally. So far, Asics Ventures has hosted six accelerator programs in Japan, Europe, and India over the past seven years and has established many networks and invested in startups around the world. Now, it is set to expand into the region by welcoming the SFA as a co-hosting partner of its newest pitch event, titled 'Asics Innovation Pitch in Collaboration with the Saudi Sports for All Federation.' The connection is accepting proposals from Saudi startups until July 30. 'The Saudi Sports for All Federation is proud to work closely with Asics Ventures to enrich the sports ecosystem in the Kingdom,' said Prince Khaled bin Alwaleed, president of the SFA. 'We are looking for digital business solutions that cater to the sports segment. SFA has a good relationship with Asics, and we are proud to build on this with our latest collaborative program 'The SFA is mandated to work with private sector partners, and our work with Asics shows that these partnerships can be structured to generate and support real-world solutions applied here in our country,' he added. The SFA had entered into a three-year strategic partnership agreement with Asics KSA, the Saudi subsidiary of the Japanese multinational sportswear corporation, to prioritize sport as a key contributor to the Saudi economy. The agreement was signed by Shaima Saleh Al-Husseini, SFA managing director, on behalf of the federation and Yohei Takahashi, general manager of Asics KSA, in the presence of senior representatives from the two entities. Under the terms of the agreement, SFA and Asics will collaborate on hosting sports initiatives and promoting health and fitness efforts across Saudi Arabia in line with Saudi Vision 2030 to enhance the quality of life for Saudi citizens and residents. Al-Husseini commented: 'We are thrilled to partner with Asics, a global leader whose dedication to the value of sports matches our vision. This partnership enables us to elevate the experience of participants across the Kingdom by bringing world-class expertise and resources to our grassroots initiatives. 'Our collaboration with Asics underscores our commitment to increasing physical activity and creating unparalleled opportunities for the community and sports enthusiasts,' she added. 'Together, we will inspire and support communities throughout Saudi Arabia to embrace a more active and healthier lifestyle, in line with the objectives of Saudi Vision 2030.'
Asharq Al-Awsat
33 minutes ago
- Asharq Al-Awsat
Saudi Arabia Leads Middle East Venture Capital Investments
The "H1 2025 MENA Venture Investment Report" revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national economy. According to the report published by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENA. Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs.' 'We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
Arab News
an hour ago
- Arab News
Seven Umrah companies breach housing rules
RIYADH: The Ministry of Hajj and Umrah recorded offenses by seven Umrah companies for housing pilgrims in unlicensed accommodation, a breach of regulatory guidelines. The findings were part of the ministry's oversight efforts to monitor service quality for pilgrims, the Saudi Press Agency reported on Wednesday. The ministry said these incidents affect pilgrims' safety and comfort and that it has begun legal action against the companies to enforce penalties under the law. The authority affirmed its commitment to ensuring pilgrims receive their full rights with the highest quality and efficiency. The ministry said it will not tolerate any entity failing contractual obligations or endangering pilgrims' safety, the SPA added. It urged all Umrah companies to comply with laws and provide agreed services on time to support a positive experience for pilgrims during their stay in the Kingdom.
