JEDDAH: A large number of youth population in the Kingdom are still on look out for job opportunities in line with their qualifications.
This is despite the fact that Saudi Arabia is one of the fastest growing economies in the world with a large number of educated youth being employed in new industries.
Yet, lack of job opportunities has left many new graduates unemployed, who in turn remain dependent on their parents for financial support.
“We need to first invest in people, and then in infrastructure” said Mohammed Rahman, a financial analyst.
He said: “Youngsters are so engrossed in gaining a degree that they almost forget as how to plan a future. It is necessary to overhaul their education system and enable them to develop the right skills to excel in knowledge-based economy and be determined to face any challenge,” he explained.
Likewise, unemployed people between the ages of 24-30 years, often have parents to fall back on, which can sometimes lead to dangerous side effects such as making them less responsible and dependent.
A 28-year-old unemployed adult confessed to being financially supported by his parents: “I was employed in the military and armed forces, but the job requirement did not match my qualifications. Since then I have been looking for a position that suits my skills and knowledge.”
According to an Arabic daily, financial education experts noted that nearly 25 percent of fathers in the Kingdom financially support their children until they find well-paying jobs, and sometimes continue their involvement with their children financially for a much longer period of time than expected.
Commenting on it, Abdul Razzaq, 27 year old accountant, said: “Although today’s young adults are strong-headed, they lack a sense of responsibility and have less experience in addressing critical issues. In rough times, young people are often the first ones to lose out. These strange attitudes usually create lower levels of job satisfaction. Most of my friend’s expenses are supported by their fathers which hinders them in searching for better jobs.”
Moreover, experts caution parents against treating them like small children, and stated that parents run the risk of jeopardizing their own financial future by creating dependency issues.
According to the International Monetary Fund Report of 2015, among youth, unemployment is very high and rising worldwide. In addition to this, over 35 percent of the population is still under the age of 19 and this age group is set to increase rapidly with population growth forecasts, underscoring the urgency of tackling the youth unemployment issue.
Abdullah Saeed, an economics professor, said: “To avoid unemployment issues, the youngsters in their early years need an education that assists them to enter the workplace, and contribute in their careers from the start.”
This is despite the fact that Saudi Arabia is one of the fastest growing economies in the world with a large number of educated youth being employed in new industries.
Yet, lack of job opportunities has left many new graduates unemployed, who in turn remain dependent on their parents for financial support.
“We need to first invest in people, and then in infrastructure” said Mohammed Rahman, a financial analyst.
He said: “Youngsters are so engrossed in gaining a degree that they almost forget as how to plan a future. It is necessary to overhaul their education system and enable them to develop the right skills to excel in knowledge-based economy and be determined to face any challenge,” he explained.
Likewise, unemployed people between the ages of 24-30 years, often have parents to fall back on, which can sometimes lead to dangerous side effects such as making them less responsible and dependent.
A 28-year-old unemployed adult confessed to being financially supported by his parents: “I was employed in the military and armed forces, but the job requirement did not match my qualifications. Since then I have been looking for a position that suits my skills and knowledge.”
According to an Arabic daily, financial education experts noted that nearly 25 percent of fathers in the Kingdom financially support their children until they find well-paying jobs, and sometimes continue their involvement with their children financially for a much longer period of time than expected.
Commenting on it, Abdul Razzaq, 27 year old accountant, said: “Although today’s young adults are strong-headed, they lack a sense of responsibility and have less experience in addressing critical issues. In rough times, young people are often the first ones to lose out. These strange attitudes usually create lower levels of job satisfaction. Most of my friend’s expenses are supported by their fathers which hinders them in searching for better jobs.”
Moreover, experts caution parents against treating them like small children, and stated that parents run the risk of jeopardizing their own financial future by creating dependency issues.
According to the International Monetary Fund Report of 2015, among youth, unemployment is very high and rising worldwide. In addition to this, over 35 percent of the population is still under the age of 19 and this age group is set to increase rapidly with population growth forecasts, underscoring the urgency of tackling the youth unemployment issue.
Abdullah Saeed, an economics professor, said: “To avoid unemployment issues, the youngsters in their early years need an education that assists them to enter the workplace, and contribute in their careers from the start.”
