Kingdom’s training market grows 6 percent annually to SR 10 billion

Kingdom’s training market grows 6 percent annually to SR 10 billion
Updated 04 October 2012

Kingdom’s training market grows 6 percent annually to SR 10 billion

Kingdom’s training market grows 6 percent annually to SR 10 billion

The training market sector has soared to an astonishing SR 10 billion, with a growth rate of six percent annually, said a recent report which aimed at relating the importance of the training sector to young Saudis preparing for jobs in the local market.
The report pointed out that open competition in the field of training programs contributed to a positive environment that reflected positively on trainees, besides equipping those qualified for the job market. 
The report prepared by the General Organization for Technical Education & Vocational Training (GOTEVOT) also disclosed that the number of licensed civil institutes in Saudi Arabia had reached 936. It underlined the importance of these institutions in the light of the ambitious plans being pursued by them.
In this context, Omar bin Mohammed Basoudan, CEO of Cambridge International Certificate of Information Technology in the Kingdom, has impressed upon stakeholders the importance of working together to organize the training market in the Kingdom while strengthening the role of institutes and training centers.
Basoudan called for training programs to be upgraded to meet global standards based on the most important practical skills needed by the employment market, along with conforming to the criteria of recognized international certificates. He added that the training sector represents the cornerstone of providing qualified national cadres to suit the needs of the labor market.
On his part, Vice President for Business Sector at Al-Khaleej Company for Training, Hatem Al-Duraiaan, said the Cambridge programs had several advantages besides bilingual training leading to an international certificate. The bilingual instruction helps the trainees pass their tests and qualify them for the job market.
He underscored the distinguished role played by the Cambridge International Certificate in IT Skills which enabled individuals to acquire the best skills and practice out in the field when necessary, as well as equipping them with computer skills and qualifying trainees for entry into specialist areas in Computer Science. 
Al-Duraiaan said: “Trainees will get certified from Cambridge University bearing the logo of the university as well as the slogan ‘Corporation Technical and Vocational Training’ which was recognized by many governments and international institutions.”
According to Saudi Arabian General Investment Authority (SAGIA), 70 percent of Saudi trainees are bellow the age of 30, while 46 percent are under the age of 20. 
The same report said that Saudi Arabia was ranked seventh in the world in terms of educational spending. 
The Kingdom has also embarked recently on the implementation of a comprehensive reforms program of its educational system at a cost of SR 3.1 billion.
In a related development, a study prepared by the Department of Information & Research at the Riyadh Chamber of Commerce & Industry had called on investors to set up training centers in areas with high population, such as to the south and west of Riyadh, since the majority of the training centers were concentrated in the north, center and east.
The study advised training centers to contribute to the training awareness campaign for the community by intensifying their advertising campaigns in the interest of job seekers.
The study also underlined the need to diversify the specializations offered by training facilities for individuals and focus on specialties needed by the labor market, which serves the area of employment.
It noted that improvements in the standards and qualities of training curricula and programs tailored to the needs of the market would ensure the success of the program in this regard.