Saudi Public Transport Authority signs deals to localize 13,000 jobs for drivers

The Public Transport Authority aims to localize over 10,000 job opportunities involved with goods transportation and more than 3,000 job opportunities for bus transportation activities. (Shutterstock)
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Updated 24 October 2022
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Saudi Public Transport Authority signs deals to localize 13,000 jobs for drivers

RIYADH: Saudi Arabia’s Public Transport Authority has signed deals with several private sector firms to localize as many as 13,000 jobs for bus and truck drivers, Saudi Press Agency reported.

The authority’s Undersecretary for Transport Empowerment Omnia Omar Basmaq signed the deals during a ceremony attended by Fawaz Bin Zanaf Al-Sahli, vice president of Land Transport and other top transport and logistics officials.

The Public Transport Authority cited the three main goals of the deals as backing private sector enterprises, developing national manpower, and elevating worker skill levels.

The agreements, signed in collaboration with the Development Fund Human Resources, align with the Saudi Vision 2030 goal to reduce unemployment rates by increasing employment opportunities in the Kingdom.

Under the new agreements the Public Transport Authority aims to localize over 10,000 job opportunities involved with goods transportation and more than 3,000 job opportunities for bus transportation activities.

Each Saudi citizen taking part in the initiative will be granted up to SR4,000 ($1,064) upon registration as an incentive to cover costs including driving training, medical examinations, and issuing licenses. 

There will also be several legislative and regulatory incentives put in place to attract the workforce.

The Saudization initiatives by the Public Transport Authority aim to boost the development of logistics services, empower competencies and enhance the quality and efficiency of services provided in line with the national strategy for transportation and logistics.

The move comes as roles in management, procurement and the food sector are among 11 professions to be targeted by new localization initiatives before the end of 2022, the Kingdom’s Human Resources Minister Ahmad Al-Rajhi recently announced.

These initiatives have already contributed to raising the number of Saudi workers in the private sector to over 2.12 million, according to Al-Rajhi.

In a bid to create more jobs for Saudi nationals, the Ministry of Human Resources and Social Development has already started the implementation of its localization program at amusement parks and entertainment centers.


Closing Bell: Saudi main index slips to close at 11,228 

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Closing Bell: Saudi main index slips to close at 11,228 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64. 

The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.    

On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.    

The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.     

The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.  

Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.   

Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56. 

Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55. 

Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34. 

On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier. 

The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.  

Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent. 

United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent. 

Tas’heel ended the session at SR146.80, down 0.28 percent.