Saudi Arabia: 15% unemployment rate

Published February 9th, 2006 - 12:52 GMT
Al Bawaba
Al Bawaba

Mr. Helmi Salam, former head of the International Federation of Training and Development Organizations (IFTDO), said that the rate of unemployment in Saudi Arabia reached last year 15%, according to non-official sources.

 

According to Al-Watan newspaper, a recently publicized report by the International Labor Organization showed that the average rate of unemployment in the Arab World reached 12.2% compared with 6.2% in the rest of the world. The report added that unemployment grows by 3% annually in the Arab World.