Arab News, Monday, Jan 25, 2021 | Jamadi Al Thani 12, 1442
Saudi Arabia aims to employ 115,000 more nationals in private sector
Saudi Arabia: The Ministry of Human Resources and Social
Development (HRSD) launched a new Saudization program, which aims to provide job
opportunities for 115,000 nationals in the private sector through agreements
with major companies to create jobs in certain fields, Saudi Press Agency
reported.
This came during a meeting held by the Administration and Human Resources
Committee of the Shura Council, which discussed the ministry’s annual report.
The meeting discussed the Saudization plan in general and the Saudization of
professions in particular, in addition to the most important jobs in the private
sector.
The ministry officials confirmed that Saudization rates hinge on two major
factors; demand in the target region (size and nature of establishments) and
supply (the qualifications of job seekers in the target region). Therefore,
diversity in Saudization rates is driven by the two factors.
Officials also touched upon women’s economic participation rate, which has been
increasing since 2018 until Q2 2020, which reflected an increase in the number
of women joining the labor market.
Initiatives to boost the Kingdom’s rank among world’s countries were also
reviewed during the ministry officials’ meeting.
In December 2020, HRSD unveiled plans for 2021, which included providing jobs
for 115,000 nationals and the Saudization of a number of professions, Argaam
reported.