Saudi Arabia
420000 jobs to open up for Saudis soon
Nearly, 4,20,000 jobs are soon likely to be on offer for Saudi citizens in an effort towards localisation, Labor and Social Development Minster Ahmed Al Rajhi said at the Saudi Budget budget 2020 conference.
Following the announcement of Saudi Budget 2020, the minister told the national media that several steps have been undertaken to localise 595,000 jobs. Of this, 175,000 jobs have already been Saudized till September 2019. Which means, 4,20,000 will open up for Saudi citizens soon.
Read: Top 10 Takeaways of Saudi Budget 2020
The minister’s comment appeared in the country’s leading media outlets. He further highlighted the launch of Future Work Company which will focus on activating “unconventional and modern work” such as distance employment, flexible work hours, freelancing and so on.
The ministry has helped improve women’s participation in the job market, which exceeded 2020 objectives and achieved 25.3% in 2019, he further noted.
Read: GCC to create over 200,000 jobs in solar energy sector by 2030
On Monday, Saudi Arabia approved one trillion and twenty billion Saudi Riyals state budget for the fiscal year 2020. The budget 2020 underlined the importance of economic transformation, in line with the kingdom’s Vision 2030, and stressed on the steps needed to execute it.
Read: Saudi Arabia Wants to Lower Unemployment. It Needs Tourists To Help
-
Economy1 month agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
News2 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Magazines4 weeks agoOER May 2026 Edition: The Digital Copy
-
Investment3 weeks agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
Economy2 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
-
Economy1 month agoSpaceX’s US$2T Historic Market Debut: Is SPCX Worth the Hype and How Can Oman Investors Buy It?
-
Banking & Finance1 month agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Magazines1 month agoSignature Oman: May 2026 Edition
