An in-depth view and forecast of Saudi Arabia Job Market in 2014. For jobs in Middle East and Gulf region visit www.arabworldcareers.com

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Saudi Arabia – How job Market is looking like in 2014.
Saudi Economy is likely to grow by 4.5 percent in 2014 by IMF predictions.US fed tapering
moved to 2016, an averted Syria war and stable growth in the Middle East region are all
contributing to the stability and positive outlook of Saudi Arabian Job Market in 2014. The key
job market drivers till October 2013 were construction, crude oil production, petroleum and
petrochemical exports, education, retail and travel industries. Arab World Careers captured a
whole lot of vacancies in these industries with hundreds of job postings live on the website.
Saudi’s Council of Ministers approved a huge $218 billion budget for 2013 and the expected
budget for 2014 is forecasted between $240 - $260 billion. Roughly 75% of budget revenues and
90% of export earnings come from the oil industry. Saudi Arabia is expected to lead the Middle
East Jobs and Gulf jobs market rally in 2014 too.
Government public spending would be the key trigger for growth in 2014. Education, including
building new schools, vocational training, scholarships abroad, roads, transport, water,
agriculture, industry and construction would be the key sectors that would enjoy a major share
of the budget. The financial stability of the kingdom oozes positive outlook on the economy and
the country as a whole. Kingdom's budget surplus in 2012 hit 386 billion Saudi Riyals ($102.93
billion) as oil-dominated revenues continued to rise. The vibrant non-oil economical activities
are expected to reduce the kingdom’s dependency on oil-exports.
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Bahrain & jobs in Egypt, visit www.arabworldcareers.com – The most preferred job portal in
Middle East & Gulf .
Non-oil exports and privatization are countering the challenges such as weak US oil demand
(due to migration to shale gas), slower growth in china and more oil production from Iraq and
Libya. The current Saudi Arabia five-year plan (2010-2014) aims at developing and improving
infrastructure and investing in human capital through education and training.These industries
generate thousands of jobs in Saudi Arabia every year.
The government is spending heavily on housing and job creation following the events of Arab
Spring 2011 and this trend would continue strong in 2014 too.
The recent report by International Monetary Fund - ‘Saudi Arabia’s Strong Growth Offers
Chance to Tackle Jobs Challenge’ is recognition and confidence by international
community on the kingdom. IMF observes that the growth outlook remains positive,
Saudi Arabia will continue to play key stabilizing role in global oil market and

2. government is pushing reforms to focus on growth and employment while maintaining
stability. A large number of young people will enter the labor market in this decade and
creating a sufficient number of rewarding jobs for them in the private sector will be a
challenge. The authorities are thus giving priority to labor market policies aimed at
improving skills and raising private sector employment of Saudi workers.
The continued work on six "economic cities" (including King Abdullah Economic City) which
are planned to be completed by 2020 would add more jobs in 2014. These six new industrialized
cities are intended to diversify the economy of Saudi Arabia. Diversification efforts are focusing
on power generation, telecommunications, natural gas exploration, and petrochemical sectors.
Overall 2014 promises and predicts to create 1000s of new jobs in Saudi Arabia in all the key
and supporting industries.
For jobs in Saudi Arabia, visit www.arabworldcareers.com
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