Sakani Expo Jeddah 2019 to kick off Monday

The expo will also help beneficiaries approaching retirement age to use the Civilian Down Payment Support Program. (SPA)
Updated 15 April 2019
0

Sakani Expo Jeddah 2019 to kick off Monday

  • Military personnel can benefit from the Military Home Loans (MHL) initiative, one of the initiatives of the 2020 Eskan (Housing) Program

JEDDAH: Sakani Expo Jeddah 2019, the housing fair organized by the Ministry of Housing and the Real Estate Development Fund (REDF), will open on Monday and run until April 24 opposite the Red Sea Mall in Jeddah.
The expo aims to help people buy their first homes by bringing together developers, real estate professionals, contractors, government agencies and financial institutions — providing all possible housing and financing services in one place.
It will also allow attendees to meet real estate advisers, to broaden their knowledge of the processes involved in taking out loans and acquiring property. In addition, a specialized team will provide a comprehensive analysis of credit beneficiaries’ statuses to help them find suitable financing solutions
Military personnel can benefit from the Military Home Loans (MHL) initiative, one of the initiatives of the 2020 Eskan (Housing) Program. The expo will also help beneficiaries approaching retirement age to use the Civilian Down Payment Support Program, which will let seniors own their own house by providing support similar to the MHL.


Saudi Arabia plans to create 561,000 jobs under new digital employment initiative

Updated 24 April 2019
0

Saudi Arabia plans to create 561,000 jobs under new digital employment initiative

  • Qiwa program aims to achieve the Vision 2030 goal of reducing unemployment rate to 7 percent

RIYADH: Saudi Arabia has revealed ambitious plans to create more than 561,000 private-sector jobs by 2023 as part of a new digital era for the Kingdom’s labor market.

Minister of Labor and Social Development Ahmad Al-Rajhi made the announcement at the launch of the Qiwa online platform, which aims to combine all the country’s employment services under one electronic roof.

Through digitalization, the Ministry of Labor and Social Development hopes to not only boost job opportunities for Saudi men and women, but also improve workplace efficiency and productivity, and attract international investment.

Al-Rajhi said: “The ministry has entered into partnerships and agreements to settle more than 561,000 job opportunities in the private sector until 2023,” and the minister added that 45,000 Saudis had entered the labor market in the last three months.

The new labor force platform will consolidate employment-related e-services already offered to job seekers, employees and employers and plans are in the pipeline to plug a further 71 services into the system.

The Qiwa program aims to provide Saudi government officials with a data mine of statistical information to tackle business challenges facing employers and employees, help create new job opportunities, and achieve the Vision 2030 goal of reducing the country’s unemployment rate to 7 percent. Another key objective is to strategically enhance the Kingdom’s business environment to make it more attractive to local and international investors.

A ministry statement issued to Arab News, said: “The Qiwa platform will have an impact on motivating investors. It will also re-engineer policies and procedures for all services provided to individuals and enterprises on a strong platform that will make a quantum leap in the business world and turn the Saudi market into an attractive market for opportunities and potential for competencies.

“The services are provided in both Arabic and English in order to enable foreign investors to benefit from the services of a strong platform,” the statement added.

The e-services include programs to encourage Saudis to access jobs in their locality by improving the workplace environment and making it more appealing to men and women.

The Kingdom’s public sector is quickly adapting to international standards and labor market demands by digitalizing services, while the ministry is using the latest business management methods to help public organizations increase the competency and productivity of workers while creating a competitive labor market that can partner with the private sector.