Technology and tourism jobs in Saudi Arabia saw strong growth in the second quarter of 2019, according to new report
Technology and tourism jobs in Saudi Arabia saw strong growth in the second quarter of 2019, according to the latest Monster Employment Index (MEI).
Overall, Saudi Arabia registered a 13 percent growth in online job postings in Q2 compared to the same period last year.
The increase in online hiring activity was led by the IT and Telecom/ISP industry and occupations in Hospitality, which registered growth of 29 percent and 22 percent respectively.
The growth in online hiring in the technology industry continues as the kingdom rapidly transforms almost every sector with cutting-edge technology, Monster said in a statement.
Recent research by KPMG also suggests that the hospitality sector is expected to grow by 4,000 rooms, equating to 35 percent, by 2023.
Other industries to register growth in the Q2 MEI were Banking, Financial Services and Insurance (BFSI), Marketing (including Advertising, Market Research, Public Relations, Media and Entertainment), and Oil and Gas at 16 percent, 15 percent and 14 percent respectively.
Retail was the only industry to register a decline, falling 5 percent from Q2 2018.
Regionally, Monster said the UAE led the way for growth at 18 percent, followed by Saudi Arabia and then Kuwait at 10 percent. Oman was the only nation to show a slight regression in online hiring with a 4 percent decline from Q2 2018.
In the UAE, growth was led by the Education sector, which saw an increase of 19 percent from Q2 2018. The UAE allocated $2.8 billion to education in 2018, representing 20 percent of the federal budget.
Other industries in the UAE to register growth in the Q2 MEI were Production (including Manufacturing, Automotive and Ancillary) at 12 percent, along with Oil and Gas, and IT and Telecom/ISP at 8 percent each. Engineering, Construction and Real Estate registered the largest decline with a fall of 19 percent from Q2 2018.
In terms of sectoral growth across the region, the IT and Telecom industry saw the highest level of growth, up 18 percent from the same period last year, followed by Retail, Trade and Logistics at 7 percent.