The roundtable offered an excellent opportunity for employers to discuss concrete ways in which they collaborate with government and civil society to drive employment and foster entrepreneurship.
The objective of the discussion was to surface concrete models for large employers, which can drive job creation gains in the Kingdom and the larger Arab world, both in the coming year and long term.
A special emphasis was given to policies fostering entrepreneurship and suitable collaboration frameworks between governments, academia and cross-industry cooperation.
The roundtable included Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman, Royal Commission for Jubail & Yanbu; chairman of the board, Saudi Basic Industries Corporation (SABIC), Adel Fakeih, minister of labor, Muhammad Al-Jasser, minister of economy and planning and key representatives from business and the commercial economic sector.
A SABIC statement said: The Arab world today faces a clear imperative to accelerate job creation to ensure more inclusive growth and robust human development. Despite steady economic and real GDP growth in many countries of the region, the rapidly expanding youth population has generated a compelling urgency for governments and employers to address unemployment and support an ecosystem conducive for entrepreneurship.”
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies.
The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
