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Eye of Riyadh
Eye of Riyadh
Business & Money | Tuesday 21 January, 2020 2:29 am |

Saudi Arabia committed to “25 by 25” to reduce the gap in labor market

Reducing the gender gap in labor participation is a moral imperative as well as a key for growth and sustainable development, which is why G20 countries have committed to reduce the gap in women’s labor participation 25 percent by 2025.

Speaking at a session called “Approaching challenges from different perspectives” on the concluding day of the T20 Inception Conference in Riyadh on Monday, Thoraya Obaid, chair of the W20 engagement group, said: “The G20 countries have committed to increasing women’s participation 25 percent by 2025. We in the Kingdom have also adopted this in our Saudi Vision 2030 Program.”

The G20 engagement groups share common areas of interest in the pursuit of their specific objectives including women, youth and sustainable development.

Princess Nouf bint Mohammed of the C20 engagement group highlighted the importance of civil society taking commitments and promises seriously, and fulfilling its promises with implementation and accountability.

“Civil Society is our heart and soul, we are the people on the ground, and provide support to reach our goals,” she said.

“Together with other engagement groups, we have all adopted a joint statement to work in the pursuit of specific objectives. I think where we can make it big collectively is on the climate issue.”

Othman Al-Moamar, of Y20 engagement group, said: “Young people are the most important component in today’s technology driven world, therefore more young people in entrepreneurship means more prosperity, and opportunities.”

Highlighting their role, Nasser Al-Jaryad of L20 engagement group said: “Our aim is empowering people, guaranteeing minimum living wages and collective bargaining, promoting social dialogue for social cohesion, and ending corporate monopolies.

“We also take all possible actions to improve the progressiveness of taxation system,” he added.

Abdulmohsen Al-Ghanam of U20 engagement group said their themes represented common challenges and aspirations of global cities.

The session was moderated by Abdullah Al-Saud, member of the T20 steering committee and director of research at King Faisal Center for Research and Islamic Studies.

Arab News

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