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For the rest of the world, Saudi Arabia means oil the lifeline of present and future economies. Saudi Arabia has so far lived up to all these definitions, and is now entering a new phase of its development.
On September 23, 1932, King Abdulaziz Al-Saud laid the foundation of the modern Kingdom of Saudi Arabia. Large reserves of oil were discovered soon after, and within a span of six years, commercial production of oil began. The fortune of Saudi Arabia changed forever and the Kingdom rapidly moved on the path of a modern industrial state.
Today Saudi Arabia holds a 25% share of the total Arab GDP and is the worlds 25th exporter/importer, with a foreign trade of US $78 billion. In all these years, the Kingdom has displayed remarkable political and economic stability.
The technical and vocational training sector is important in responding to the labour market needs for qualified national workforce able to respond to the fast paced developments in the country with higher education, this sector constitute the base for all aspects of economic development.
It also plays a significant role in providing some of the graduates of general education and with the skills and expertise necessary to fill labour-market vacancies in various professions and specialties, in addition to upgrading the skills and training of employees.
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