Saudi HADAF spends $1bn to support employment of 277k Saudis in private sector 

HADAF runs several initiatives including training programs to drive employability among Saudis while supporting establishments in various activities, sectors and professions. (Supplied)
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Updated 19 October 2022
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Saudi HADAF spends $1bn to support employment of 277k Saudis in private sector 

RIYADH: Saudi Arabia’s Human Resource Development Fund, known as HADAF, has spent SR3.75 billion ($1 billion) on employment support programs, benefitting 277,000 Saudis during the first nine months of 2022, the latest data from the National Labor Observatory revealed. 

These employments were given through support services and programs directed to national human cadres, Saudi Press Agency reported.

HADAF runs several initiatives including training programs to drive employability among Saudis while supporting establishments in various activities, sectors and professions, as the Kingdom pursues its localization goals outlined in Vision 2030.

On Oct. 17, Ahmad Al-Rajhi, Saudi Arabian minister of human resources and social development, said that professional roles in management, procurement and the food sector are considered to be among the 11 localization decisions which will be made by the end of 2022.

The minister also noted that the new localization decision will also include roles in the drug industry.

Al-Rajhi noted that the localization decisions made by the government have increased the number of Saudis workers in the private sector to 2.12 million.

The minister further noted that the localization initiatives in the Kingdom have brought down the unemployment rate of Saudi citizens to 9.7 percent, along with increasing the women's partnership in the private workforce to 35.6 percent.

In September this year, the ministry began its program to localize amusement parts and entertainment sectors to ensure that 70 percent of its workforce is Saudis. The ministry is also eyeing to localize entertainment centers within closed commercial complexes by 100 percent.

As localization efforts in Saudi Arabia continue, Finance Minister Muhammad Al-Jadaan issued a ministerial decision amending the terms of consulting services and obligating consulting companies to ensure the percentage of localization is met.

According to Vision 2030, enhancing the role of the private sector in the Kingdom is crucial to achieving the goals outlined, as it will reduce unemployment, diminish the gender gap, and bring foreign investments to the nation.


Qualitative leaps and record numbers are leading the Kingdom’s fisheries sector toward global leadership: vice minister 

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Qualitative leaps and record numbers are leading the Kingdom’s fisheries sector toward global leadership: vice minister 

RIYADH: His Excellency the Vice Minister of Environment, Water and Agriculture, Engineer Mansour bin Hilal Al-Mushaiti, affirmed that the fisheries sector in the Kingdom has achieved qualitative accomplishments and record figures, with aquaculture production exceeding 192,000 tonnes.

This comes alongside the implementation of more than 410 projects in marine and inland waters, in addition to the export of approximately 59,000 tonnes of fishery products to more than 35 countries around the world, with a value exceeding SR1.3 billion ($346.66 million).

This was stated during His Excellency’s opening of the activities of the fifth edition of the Saudi International Marine Exhibition and Conference at the Riyadh International Convention and Exhibition Center, amid broad local and international attendance reflecting the exhibition’s growing stature as a regional and global specialized platform for the sector.

He stressed that the exhibition is no longer merely an event, but has become a global meeting platform, a growth driver, and a showcase reflecting the Kingdom’s leadership in the fisheries sector regionally and internationally.

He also underlined that this development is the result of the work of an integrated system that includes strategic planning, the development of policies and regulations, investor stimulation, and the capacity building of fishermen and practitioners.

These efforts have been led by the Ministry of Environment, Water and Agriculture, represented by the National Program for the Development of the Livestock and Fisheries Sector. They also include qualitative initiatives to support fishermen, regulate fishing activities, and develop port, transport, processing, and marketing services, positioning the Kingdom among advanced countries in the fisheries sector.

The vice minister of environment, water and agriculture also witnessed the signing of 13 memoranda, cooperation agreements, and investment contracts between a number of local and international entities, with an estimated value exceeding SR316 million.

These aim to develop investment opportunities in the fisheries sector, enhance the growth of local fishery exports to global markets, support fish and algae processing industries, and increase production efficiency to achieve food security and economic growth in line with the objectives of Saudi Vision 2030.

The exhibition, which runs for three days, is witnessing the participation of more than 30 countries and 120 exhibitors, and is expected to attract 15,000 visitors from various segments.

The event’s activities include 20 workshops in which 3,500 international and local investors and businesspeople are participating, in addition to 25 global speakers and experts.

Several countries are participating in the gathering, including China, Korea, Russia, and Norway, as well as  Spain, France, and Germany, alongside the Food and Agriculture Organization of the UN.

This presence reflects the diversity of international expertise and the depth of global interest in the fisheries and aquaculture sector.

At the conclusion of the ceremony, His Excellency toured the exhibition pavilions, reviewed prominent modern technologies and solutions in the fields of fisheries and aquaculture, and listened to exhibitors’ explanations of the latest innovations, products, and services. He stressed the importance of such exhibitions in transferring knowledge, supporting investment, and enhancing the competitiveness of the fisheries sector in the Kingdom.