Riyadh Chamber celebrates 15 years of promoting young Saudi entrepreneurs

1 / 2
The Riyadh Chamber of Commerce on Tuesday celebrated the 15th anniversary of its Youth Business Committee. (Supplied)
2 / 2
The Riyadh Chamber of Commerce on Tuesday celebrated the 15th anniversary of its Youth Business Committee. (Supplied)
Short Url
Updated 24 December 2019
Follow

Riyadh Chamber celebrates 15 years of promoting young Saudi entrepreneurs

  • The committee’s objectives are to develop young entrepreneurs both male and female

RIYADH: The Riyadh Chamber of Commerce on Monday celebrated the 15th anniversary of its Youth Business Committee.

Speakers at the ceremony praised the role of the committee and its members’ efforts in encouraging young entrepreneurs to come forward and contribute to the economy of the country.

Ajlan Al-Ajlan, the chairman of the board of directors, said: “Since the establishment of the committee it has continuously supported entrepreneurial projects, while seeking to achieve a number of goals such as activating the participation of the new generation in enriching economic movement, and developing business sectors.”

The committee’s objectives are to develop young entrepreneurs both male and female and to help them overcome challenges by conducting field research, organizing discussion panels and launching supportive programs and initiatives.

Ali Al-Othaim, a member of the Riyadh Chamber, said: “The committee represented a platform for youth in business, and a platform to spread the culture of self-employment. In addition, the committee is launching a number of initiatives during the first quarter of 2020.”

Saudi Labor Minister Ahmed Al-Rajhi vowed to support new entrants and existing businesses.

The Riyadh Chamber’s most important initiative is the e-services portal (My Business Gate).

Sharing her experience with the e-service, Princess Sara Al Saud, a Saudi entrepreneur, said: “At first when I used the e-services, I thought it was too difficult to use, but once you get familiarized with it, it becomes easy.”

She said the online platform saves people’s time and is a helpful tool.

The Riyadh Chamber has also adopted outsourcing initiatives to achieve the goals of Vision 2030, to reduce unemployment in the Kingdom and to boost the private sector.

One of the many initiatives launched by the chamber is a program in collaboration with the Saudi Cloud community developers which aims to train 1,000 young men and women.


Saudi Arabia assessing global labor policies at GLMC, says deputy minister

Updated 4 sec ago
Follow

Saudi Arabia assessing global labor policies at GLMC, says deputy minister

  • Ahmed Al-Sharqi: We look at the topics, we assess the experience, and we assess the outcome of each GLMC edition
  • Al-Sharqi: We have over 40 ministers of labor participating in this year’s conference, so that facilitates the spread of knowledge

RIYADH: As the Global Labor Market Conference drew to a close in Riyadh, Saudi labor officials said they were assessing policies across global labor markets, using those findings to reform priorities.

Speaking to Arab News on the sidelines of the conference, Ahmed Al-Sharqi, deputy minister of labor affairs at the Ministry of Human Resources and Social Development, said: “We look at the topics, we assess the experience, and we assess the outcome of each GLMC edition, and based on that, we tailor the next topics and the topics that still are very relevant in today’s time and world.”

Al-Sharqi described the process as one of incremental development and knowledge-building.

One initiative hosted at the conference was the policy hackathon titled “The First Job Guarantee,” in which experts discussed ways to tackle the transition from education to employment.

This year’s conference addressed trade shifts, informal economies, the evolving global skills landscape, the impact of artificial intelligence on jobs and productivity, and building more resilient labor markets, with a focus on youth.

“We have over 40 ministers of labor participating in this year’s conference, so that facilitates the spread of knowledge, and the exchange of effective experiences, in matters related to workforce and their adoption (of) AI, and other labor market dynamics,” Al-Sharqi said.

One of the conference’s main objectives is to equip policymakers with vetted, implementable policy frameworks, the deputy minister added.

“I believe one of the most important outcomes of this conference is for the policymakers to have practicable policies that are effective, and ways of implementing these policies in their respective labor markets,” he said.

He added that this year’s edition also marked the graduation of the first cohort of the Global Labor Market Academy, part of broader efforts to strengthen capacity-building for policymakers, develop specialized labor-market expertise and expand international knowledge exchange. A second cohort was launched this year.

On local workforce development, Al-Sharqi highlighted initiatives aimed at aligning skills with market demand, including sectoral skills councils and a training pledge under which private sector establishments commit to providing training opportunities for Saudi nationals.

He said these programs have generated hundreds of thousands of training opportunities across the private sector.

“When it comes to Saudis skilling and upskilling, all these initiatives aim directly at building a stronger Saudi workforce that can compete and meet the demands of the employing organizations,” Al-Sharqi said.