In June 2016, Oil and Gas registers the steepest year-on-year growth for job opportunities, above all other sectors; up by 37 percent when compared to the same period last year.

Hospitality registers the most notable decline, down by 57 percent in June 2016 year to date.

Riyadh, 21 July, 2016: Job opportunities for Saudi Arabia's Oil and Gas sector are on the rise, according to the latest Monster Employment Index, which shows an increase of 37 per cent in jobs listed online in June 2016 as compared to the same period last year. Job demand for the Oil and Gas sector is leading the charts above all other sectors in Saudi Arabia.

"Despite the turmoil in regional oil markets, Saudi Arabia's Oil and Gas sector is hiring steadily and gradually," said Sanjay Modi, Managing Director - APAC and Middle East, Monster.com. "This upward trend clearly demonstrates the strength of Saudi Arabia in the energy sector. Looking at past data, our employment index shows that the Oil and Gas sector in Saudi Arabia has been steadily increasing from a modest two percent year-on-year growth in January 2016 to a significant 37 percent year-on-year growth in June 2016."  

"We expect this trend to continue, given the ambitious plans of Saudi Aramco, to become the world's leading integrated energy and chemicals company by 2020," said Modi. "During the next decade, the company is expected to indirectly create 500,000 additional jobs to the Saudi Arabia's economy. This is impressive when compared to the current 66,000 people the oil producer employs to date."

The second best performing industry is IT and Telecom/ISP, with 12 percent year-on-year growth in online job posts in June 2016. The outlook looks gloomier for job seekers in Hospitality and Travel, however, with the demand for professionals having dropped into the negative by 46 percent when compared to the same period last year. With the Gulf hospitality sectors facing depressed tourism revenues, the index also registered a negative drop of 57 year-on-year growth in e-recruitment in the Saudi Hospitality sector in June 2016.

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© Press Release 2016