Dr Rania Al-Mashat, Minister of International Cooperation, said that although the Corona pandemic has caused high rates of unemployment around the world, it represents an opportunity to reshape employee skills in order to establish an economy. sustainable, noting that the International Labor Organization revealed that around 195 million people have lost their jobs. Worldwide and the World Economic Forum estimates that 54% of these employees need to reshape and hone their professional skills.
This came during his attendance at the opening of the World Economic Forum Summit, on the rapid changes in the world of employment, the global need to retrain and what it requires with the participation of Ray Dalio, founder and co-chair of investments at Bridgewater Corporation, Alan Job, CEO of Unilever, and Borg Brindy, President of the Forum The World Economic Summit will be held October 20-23.
The Minister of International Cooperation explained that young people represent about 60% of the population of the Arab world, which is considered a great opportunity to hone and develop the working skills of these young people in a way that meets the needs of the market in the future, in the framework of cooperation between stakeholders.
Al-Mashat indicated that the new cities that the state is working to establish, which are seen as a diverse and advanced work environment for the private sector, can significantly contribute to the development of the skills and abilities of young employees. New projects in various sectors, including renewable energy, represent a good opportunity to discover new skills for workers. This allows them to meet the needs of the labor market.
He stressed the importance of the document launched by the World Economic Forum’s Joint Regional Working Group on the new economic and social order that brings together stakeholders, and aims to achieve global and sustainable economic recovery and flexible recovery through cooperation between the government and private sectors, civil society and international partners. Global economic policies and a new social contract, stimulating economic integration, reshaping education systems, leveraging the fourth industrial revolution, promoting environmental sustainability, mitigating global health risks and adhering to good and resilient governance.
She said the Ministry of International Cooperation, in partnership with the World Economic Forum and the National Council for Women, has launched the first stimulus of its kind to bridge the gender gap in Africa and the Middle East region, which is considered a platform that includes relevant parts of the government, private, civil and academic sectors to develop policies that empower women and hone their skills. This makes it an essential part of the job market.
It is worth noting that the International Labor Organization previously issued a report which estimated the number of people who have lost their jobs due to the pandemic at around 195 million employees, including around 5 million in Arab countries, and four sectors were most affected by the pandemic: food, hotel, wholesale and retail trade and the service sector. Business, management and manufacturing: these four sectors represent approximately 37.5% of the global labor market.