The Massive Master Plan

The first office and residential towers rise in King Abdullah Economic City
The first office and residential towers rise in King Abdullah Economic City
FRANCO PAGETTI / VII FOR TIME
  • Print
  • Reprints

(3 of 3)

Businesses, homegrown and foreign alike, also face several problems that are unique to Saudi Arabia. The quality of the local workforce is poor, owing to an education system that has long placed religious studies above science and math (unlike that of the élites, who are often Western-educated). Reforms are under way, but it will be years before Saudi universities are churning out world-class engineers in the numbers the country needs. Nor can businesses expect to simply import employees, which has long been the norm in the Persian Gulf economies: mindful of that youth bulge, Riyadh is imposing a "Saudi-ization" program that requires businesses to hire more locals. It doesn't help that employers don't have access to half the potential workforce: despite some recent gains for women, only small numbers of them have overcome the stiff cultural resistance to females going to work.

Al-Dabbagh is certain these hurdles won't stand in the way of investors in the new cities. They will, he says, be "new pockets of competitiveness," like economic greenhouses for businesses. In the desert, that's the only way to make things grow.

  • Print
  • Reprints

COUNTRY NAVIGATOR

Developed for the World Economic Forum by Professor Xavier Sala-i-Martin, the Global Competitiveness Index (GCI) measures the competitiveness of nations using economic statistics and extensive polling of international business leaders.



Quotes of the Day »

Get & Share
MICHAEL SINNOTT, a Roman Catholic priest who was abducted by Islamic separatists in the Philippines a month ago and released today, on the conditions he had to endure
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
MICHAEL SINNOTT, a Roman Catholic priest who was abducted by Islamic separatists in the Philippines a month ago and released today, on the conditions he had to endure

Stay Connected with TIME.com