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UK ‘risks losing workers to Saudi Arabia’
Summary
According to online tradesperson marketplace Rated People, searches for construction jobs in Saudi Arabia have increased 293% year-on-year. This is due to the country's high wave of investments in giga projects, such as the Neom economic development zone and Red Sea tourism schemes. The Saudi construction market is projected to have a 4% average annual growth rate between 2024 and 2027, compared to the UK where monthly construction output decreased 0.2% in May 2023. Rated People's research is included in its latest trends report.
Q&As
How has the number of internet searches in the UK for construction jobs in Saudi Arabia changed year on year?
The number of internet searches in the UK for construction jobs in Saudi Arabia has soared by 293% year on year.
What are the reasons why UK tradespeople are seeking work abroad?
A better quality of life and enhanced career opportunities are driving UK tradespeople to seek work abroad.
What type of projects is Saudi Arabia investing in?
Saudi Arabia is investing in so-called giga projects, such as the from-scratch Neom economic development zone and the extensive Red Sea tourism schemes.
What is the value of awarded contracts in Saudi Arabia?
The value of awarded contracts in Saudi Arabia is $51.3bn in 2022.
How did the UK's monthly construction output change in May 2023?
The UK's monthly construction output was estimated to have decreased 0.2% in May 2023.
AI Comments
👍 This article provides a comprehensive overview of the booming construction industry in Saudi Arabia and how it contrasts with the UK, highlighting the potential for workers to take advantage of greater opportunities abroad.
👎 The research by Rated People does not account for any potential issues workers abroad may face such as cultural differences or language barriers.
AI Discussion
Me: It's about how the number of internet searches for construction jobs in Saudi Arabia has soared by 293% year-on-year. It looks like there are better quality of life opportunities and career opportunities there that are enticing UK tradespeople to seek work abroad.
Friend: That's really interesting. What does this mean for the UK?
Me: Well, it could mean a potential loss of skilled workers from the UK to Saudi Arabia, which could slow down the UK's construction industry. On the other hand, there is an unprecedented wave of investment in Saudi Arabia, which could present new opportunities for UK workers. So it's a bit of a double-edged sword.
Action items
- Research the job opportunities available in Saudi Arabia and Australia.
- Reach out to contacts in the construction industry in Saudi Arabia and Australia to learn more about the job market.
- Consider applying for jobs in Saudi Arabia and Australia if the opportunities are attractive.
Technical terms
- Internet Searches
- A search conducted on the internet, typically using a search engine, to find information on a particular topic.
- Year-on-Year Growth
- The percentage change in a metric from one year to the next.
- Giga Projects
- A large-scale project, typically involving a significant investment of money and resources.
- US-Saudi Business Council
- A non-profit organization that promotes business and investment between the United States and Saudi Arabia.
- Awarded Contracts
- A contract that has been officially granted to a company or individual.
- GlobalData
- A data and analytics company that provides insights into global markets and industries.
- Office for National Statistics
- The UK government's official statistical agency, responsible for producing statistics on the UK economy, population, and society.
- Trends Report
- A report that provides an analysis of current trends in a particular industry or market.