Prince Mashaal Bin Majed's chair participates in Jeddah commercial forum 2013

Revealed official statistics announced during the opening of the Jeddah commercial Forum 2013, which opened yesterday that the estimated size of the cover-up business in Saudi Arabia amounted to 236.5 billion riyals (62.9 billion dollars), in a speech by Professor Abdul Aziz Diab Professor Prince Mishaal bin Majed to cover trade between the irregular employment numbers increase at an average rate of about 1.2 million workers annually.

Professor Diab pointed to the existence of 34 system should be updated in the Kingdom, adding that the ministries of labor and trade are the most initiative in this regard, and said that the Ministry of Labour reduced the powers of the ‘guarantor’ proceedings such as the new ‘bands’.

He continued: that «the estimated size of the cover-up business in Saudi Arabia reach 236.5 billion riyals (62.9 billion dollars), or about 16.78 per cent of the GDP in 2009, and the increasing prevalence of the numbers of informal employment with a total average of about 1.2 million workers annually, accounting for about 27 per cent of the total formal employment, and wages are estimated at four billion riyals ($ billion), as it is estimated the number of foreign workforce by about nine million of the total population.

In turn, explained Dr. Ibrahim Almaikl the Director General of the Human Resources Fund for Al-Sharq al-Awsat, an increase in the proportion of the demand for localization of jobs during the last week amounted to 40 per cent after the implementation of the security authorities and the Ministry of Labour campaigns against violators of workers accommodation systems in the country.

And said Mueaqly, that «the fund has billions of dollars to support youth jobs regardless of their numbers, where we rely on what is provided by the private sector of the functions. And the director of human resources fund that the demand for women in the private sector has become in a spiraling increase, and at a time when raising reduce the number of hours of work to be adopted by legislative bodies in the private sector are still under study.

And between having held meetings with business owners the presence of representatives from the government to collect all points of view in order to conclude the final results after submitting them to regulators.

He added: «that jobs are available through the fund of human resources do not force job seekers to accept, UNFPA was doing a mediator between the companies wishing to attract Saudi employees in jobs reflects the needs of each company, so we must differentiate between the coercion of student work on function-specific and between Showing the opportunities offered by a labor market.

He added: «to now not after the application of the system (the right job) which determines the conditions and requirements on all parties in terms of wages and the type of work and other», pointing out that the program «incentive» is not affected by the student subsidy not to accept the proposed posts automatically.

For his part, Professor Salim Al-Qahtani Dean of Development and Professor of Business Administration at the University of King Saud that the proportion of Saudis are not eligible to enter the labor market is limited, stressing the need to take advantage of the experiences of the major companies that rely names and functional break some of the barriers for some job seekers, noting that they Athsalon on rewarding financial returns mass of many of them to achieve the life desired by housing and others.

Qahtani called for the need to focus on the establishment of state-owned companies to accommodate qualified Saudi youth and works to train them, referring to the SABIC experience in organizing training programs for the rehabilitation of graduates.

To that extent, Dr. Ayman bin Saleh Fadel, Dean of the Faculty of Economics and Administration, University of King Abdul Aziz total amounts transferred from foreign workers in Saudi Arabia over the past decade to 670 billion riyals (176.6 billion dollars), and considered that 97 per cent of small enterprises exercised operations cover commercial .

Dr. Fadel explained during a press conference after the first meeting of the Jeddah Commercial Forum 2013, said yesterday that the cover up cases that have been detected now reached 340 thousand cases, and dozens of young Saudis have handed over their business records to expatriates even Iderioha to their advantage.

It was opened Prince Mishaal bin Majed, Governor of Jeddah Jeddah commercial Forum on behalf of Prince Khaled Al-Faisal, Governor of Mecca and held the first of these sessions on «covering trade effects and ways of treatment», where it was Dr. Fadel during the meeting covered up, according to the Anti cover issued 10 years ago that prohibits Saudi non-exercise of any unauthorized activity has its exercise or investment, with the noted exception of the citizens of the Gulf Cooperation Council under resolution leaders summit in Muscat 2001.

And display Fadel indicators issues covering trade for the fourth quarter of last year, according to a report agency of the Ministry of Trade and Industry for consumption, the total number of cases, which amounted to 291 the issue was referred including 64 case to investigate the claim represents 22 per cent and 184 issue them under the procedure 63 per cent and 143 issue Saved represent 43 per cent.

The sessions of the forum involving more than 11 experts Saudis and Gulf issues covering trade and settlement resolving commercial disputes through mediation began yesterday in light of the presence of more than 500 personal decision makers and business owners seeking to find practical solutions to the most important issues and constraints faced by the commercial sector and facilitating regulations and procedures and the merchant and the consumer awareness of local and international regulations.

The focus of the policies of resettlement and the skills gap in the labor market has confirmed the Ministry of Labour Arabia to statistics research workforce last year has shown that the total workforce in the private sector amounted to 6 million of whom 4.7 million arrivals, while the remittances expats to 130 billion riyals a year (34.6 billion dollars).

And discuss the third meeting of mediation as an alternative dispute where indicated Sheikha Haya girl Rashed Al Khalifa, President of the Board of Trustees Chamber of Bahrain that the mediation has become a means of alternative means of dispute settlement and met with widespread in a number of developed countries are still at the stage of definition in the Arab region.

She said Al-Khalifa, that mediation has become an alternative way to settle disputes with arbitration in the presence of the reasons called to resort to it, including the slow pace of litigation before the ordinary courts, and to avoid the principle of public trials while characterized mediation for the ordinary courts or arbitration to maintain friendly relations, and to avoid elimination normal and arbitration for failure to ensure that the outputs of the final judgment, and to avoid legal fees and exorbitant fees of the arbitrators, and adheres to the ordinary courts and arbitration to enforce the law, while the brokerage application of what has been agreed upon consensual