The success of the upstream oil & gas has led to the recruitment of over 20,000 people in the last two years; this figure includes employees recruited to back-fill roles in addition to meeting the needs of the expanding industry. Evidence from the respondents suggests that many of these vacancies have been filled externally rather than by training or up-skilling existing staff. Companies having to look outside their existing staff to meet their business requirements puts pressure on an already tight labor market.
Saudi Arabia is the largest exporter of oil in the world. As a result, the Saudi economy is constantly on the rise and the construction sector specifically has been significant increases in activity.
The construction sector in Saudi Arabia is the largest and fastest growing market in the Gulf region. Ongoing construction projects in the Gulf are valued at $1.9 trillion (SR 7.1 trillion), and one-quarter of the developments are located in Saudi Arabia.