Monday, November 19, 2007

GCC Business leaders criticise education

by Robert Ditcham from Gulf News

Leading figures at some of the Gulf’s top companies and institutions say the majority of job candidates emerge from high education lacking the skills and risk-taking entrepreneurial spirit needed in the cut-throat world of private sector employment. "The education system is not producing what the economy needs," Mutlaq Al Morished, VP of Corporate Finance at Saudi Arabian petrochemicals manufacturer Sabic, said during the Leaders in Dubai Business Forum. The need for a talented workforce is not restricted to white collar. The national population of countries such as Saudi Arabia should take jobs such as painters, welders, machinists, rather than relying on foreign labour, said Al Morished ... Despite its oil wealth, the MENA region has a 12%-15% unemployment rate and will see its population double to more than 820 million by 2050.

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