e-recruitment in the Kingdom of Saudi Arabia’s IT and Telecom sector recorded a substantial increase of 29 percent from June 2017, while overall hiring in the Kingdom has risen 10 percent in the same period, According to the latest Monster Employment Index (MEI) report released Tuesday.
The increase in demand for talent in the IT and Telecom sector follows Crown Prince Muhammad Bin Salman, deputy premier and minister of defense’s announcement of ‘Project Neom’ at The Future Investment Initiative in 2017. The $500 billion ultra-high-tech future megacity is part of Saudi Arabia’s national strategy to drive a digital evolution in the country, a key enabler in achieving the milestones and objectives of Vision 2030.
Commenting on the most recent MEI, Abhijeet Mukherjee, Chief Executive Officer, Monster.com, APAC & Middle East, said: “The latest MEI findings come as no surprise given Saudi Arabia’s plans to drive a digital transformation. Recent initiatives like the ‘Neom’ project is a testament to the country’s ambitious desire to become one of the world’s leading players in the technology industry. The technology industry is set to play a central role in the economic diversification efforts of Saudi Arabia and requires a strong skilled workforce to accelerate the Kingdom’s progress.”
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As Saudi Arabia goes through a rapid transformative digital evolution, cybersecurity and regulatory challenges related to technology become critical. In late 2017, Saudi Arabia set up a new authority for tasked with boosting cyber security of the state and protecting national security and sensitive infrastructure.
“While technological innovation is supporting the growth of Saudi Arabia, measures must be implemented to protect confidentiality and integrity. The recent creation of a Cyber Security Authority in Saudi Arabia is the first step towards safeguarding information and data, as well as, meeting international regulatory requirements. Skilled professionals will play a pivotal role as cyber security becomes more important, and I look forward to seeing what that will mean for IT professionals in Saudi Arabia,” Mukherjee added.
Consumer Goods (including FMCG, Food and Packaged Food, Home Appliances, Garments and Textiles) Advertising (including Market Research, Public Relations, Media and Entertainment), and Healthcare have also contributed to the overall growth in e-recruitment across the Kingdom, registering healthy increases of 28, 22 and 17 percent from June 2017.
From the industries evaluated by the MEI, Kuwait registered the most growth in online hiring at 18 percent from June 2017, closely followed by Egypt and Bahrain at 17 percent and 16 percent respectively. Qatar recorded the highest decline at four percent during the same period.
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