Saudi Arabia; investing; young people; education; economy
Sustainable expansion in any nation depends on the presence of an energetic workforce. The Schultz model indicates that national income is sum total of human capital and physical capital. Given that the national income of Saudi Arabia is disproportionately largely derived from oil wealth rather than human resources, the government has embarked on providing appropriate education to its young people. Funding for education has increased over the years. Primary, secondary, and tertiary institutions have been receiving fairly adequate funding to offer standard education to learners. Moreover, the government has implemented focused programs, such as KASP to and Hafiz to circumvent some of the shortcomings in the educational sector. In spite of the governments efforts, the lack of the right curriculum to ensure performance in the labor force, job discrimination among Saudis, lack of ICT infrastructure, and reluctance of women to join the workforce alongside men hinder the development of a vibrant human capital. Education of the young population is an invaluable investment in the realm of the Arab nation, not only to ensure perpetuation of a strong economy after the end of the oil age, but also to supplement the income that is generated from oil exports at the present
Full Text : PDF
- Ageli, M. M. (2013). Does education expenditure promote economic growth in Saudi Arabia? An econometric analysis. International Journal of Social Science Research, 1(1), 1-10.
- Alfawaz, A., Hilal, K., & Alghannam, Z. (2014). Would the educational programs help in solving Saudi Arabia’s employment challenges? International Journal of Academic Research in Economics and Management Sciences, 3(1), 24-39.
- Al-Maliki, S. Q. A. (2013). Information and communication technology (ICT) investment in the Kingdom of Saudi Arabia: Assessing strengths and weaknesses. Journal of Organizational Knowledge Management, 2013, 1-15.
- Almobaireek, W. N. & Manolova, T. S. (2012). Entrepreneurial Intentions among Saudi University Students: The Role of Motivations and Start-Up Problems. African Journal of Business Management, 6(11), pp. 4029-4040
- AlMunajjed, M. (2009). Women’s Education in Saudi Arabia: The Way Forward. USA: Booz & Company Inc.
- Alquraini, T. (2010). Special education in Saudi Arabia: challenges, perspectives, future possibilities. International Journal of Special Education, 25 (3), 139-147.
- Baqutayan, S. M. S. (2011). Issues in the implementation of science and technology education in Saudi Arabia. International Journal of Applied Science and Technology, 1(5), 165-170.
- Corneo, G. (2011). Stakeholding as a New Development Strategy for Saudi Arabia. Review of Middle East Economics and Finance, 7 (1), 1-19.
- Joharji, G., A. & Starr, M., A. (2010). Fiscal policy and growth in Saudi Arabia. Retrieved from https://www.american.edu/cas/economics/pdf/upload/2010-7.pdf
- Issa, A. T. E. & Siddiek, A. G. (2012). Higher education in the Arab world & challenges of labor market. International Journal of Business and Social Science, 3(9), 146-151.
- Khatib, A. M. (2011). The effect of the increase in oil revenue on government expenditures on education in Saudi Arabia. Journal of Business Studies Quarterly, 3(2), 74-76.
- Liton, H. A. (2012). Developing EFL teaching and learning practices in Saudi colleges: a review. International Journal of Instruction, 5(2), 129-152.
- Murphy, C. (2011). Saudi Arabia’s youth and the kingdom’s future. Middle East Program Occasional Paper Series, 2, 1-10.
- Qureshi, R. (2014). Human resources development and the status of women labor force in Saudi Arabia: a critical analysis. International Journal of Current Research and Academic Review, 2(4), 144-155.
- Ramady, Mohamed. (2013). Gulf unemployment and government policies: prospects for the Saudi labor quota or Nitaqat system. International Journal of Economics and Business Research, 5 (4), 1-23.
- Rizvi, L. J. (2014). Pragmatic pathways -change is in the air. “Preparing youth for a new
- alternative economy in the GCC region.” Middle East Journal of Business, 9(2) 2014, 9-16.
- Tayeh, S. N. A. & Mustafa, M. H. (2011). Toward empowering the labor Saudization of tourism sector in Saudi Arabia. International Journal of Humanities and Social Science, 1(3), 80-84.
- Wiseman, A. W., Sadaawi, A., & Alromi, N. H. (2008). Educational Indicators and National Development in Saudi Arabia. IEA International Research Conference. Taiwan: Taipei City.
- U.S.-Saudi Arabian Business Council. (2014). Saudi Arabia’s 2014 budget emphasizes long-term development. Retrieved from