Arab News, Saturday, Mar 04, 2023 | Sha'ban 12, 1444
Saudi Arabia ranks first among G20 countries with 4.9% productivity growth rate: International Labor Organization
Saudi Arabia:
Saudi Arabia secured first place among the Group
of 20 countries for factor productivity growth in 2022, according to a series of
modeled readings issued by the International Labor Organization annually on
worker productivity.
This 4.9 percent increase represents the highest
productivity growth rate achieved by the Kingdom, which was lagging at -6.3
percent in 2019.
Following that, in 2021, the productivity growth
rate rose to 4.4 percent, before reaching its highest level in 2022.
Much of this is mainly attributed to the efforts
of the Kingdom’s Ministry of Human Resources and Social Development in
collaboration with government agencies.
This comes as they have contributed to achieving
this achievement through the initiatives in developing and organizing the Saudi
labor market, enhancing its attractiveness, and improving its productive
efficiency in accordance with the labor market strategy.
Another tool has been attracting foreign wokers to
the Kingdom, and in December 2022, Indian plumbers, electricians, and welders
were among a select group of workers who were going to be able to take part in a
new pilot program to secure a visa to work in Saudi Arabia.
According to the Saudi Press Agency, the Kingdom’s
Ministry of Human Resources and Social Development has announced plans to launch
the Skill Verification scheme in India, making the South Asian country the
second beneficiary of the program for skilled workers after it was rolled out in
Pakistan in September.
Prior to that, in October, professional roles in
management, procurement, and the food sector were earmarked to be among 11 new
localization decisions before the end of 2022.