Publish date17 May 2015 - 11:31
Story Code : 191946

Saudi Arabia, Kuwait 'falling behind' on developing talent

Saudi Arabia and Kuwait are not doing enough to develop talent despite being higher-income economies, according to a new report by the World Economic Forum.
Saudi Arabia, Kuwait
The two countries have been ranked 85th and 93rd respectively in WEF's Human Capital Index which analyses 124 countries on how well they are developing and deploying their human capital.
Both countries rely heavily on expatriate workers in key sectors such as construction, retails and healthcare.
In the Middle East and North Africa, Jordan and Egypt outperformed higher-income economies like Saudi Arabia and Kuwait while Morocco, Tunisia, Algeria, Mauritania and Yemen were all place near the bottom. The UAE and Qatar were among the top performers, reported the Arabian Business news site.
The report said that when it comes to developing people’s talents and helping them reach their full potential, the concept of a world where no one is left behind remains a distant prospect.
This is the case even in rich countries with well-developed educational systems and robust employment, the report said.
Globally, Finland topped the rankings of the Human Capital Index in 2015, scoring 86 percent out of a possible 100. Norway, Switzerland, Canada and Japan made up the rest of the top five and were among a group of only 14 nations that have crossed the 80 percent threshold.
The Human Capital Index ranked 124 countries on how well they are developing and deploying their human capital, focusing on education, skills and employment. It aims to understand whether countries are wasting or leveraging their human potential.
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