"Saudi Arabia's unemployment rate will begin to decline starting 2019 to reach 7% in 2030 as targeted in Vision 2030," Crown Prince Mohammed bin Salman said in an interview with Bloomberg.
The Crown Prince pointed out that the unemployment rate among males ranges from 5% to 6%, which is similar to the global rates but is high among females and more than 20%. The Saudi vision 2030 aims at raising the participation of women in the labor force to 3%, he said.
Standard & Poor's ratings agency rated Saudi Arabia's long- and short-term sovereign debt at A / A-2 with a stable outlook, indicating that the stable outlook is based on expectations that moderate economic growth will continue until the end of 2021, supported by the increase in government investments, saying that it does not expect a substantial drop from official levels of public finance target.
Source (Al-Arabiya.net, Edited)
