Saudization drive expands to new sectors amid efforts to increase job opportunities

A wide set of new activities and professions have been added to the Kingdom’s Saudization drive. (Shutterstock) 
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Updated 03 April 2023
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Saudization drive expands to new sectors amid efforts to increase job opportunities

RIYADH: At least 50 percent of procurement professions in Saudi Arabia have been localized amid strong efforts to provide more job opportunities for citizens, according to the Kingdom’s Ministry of Human Resources. 

The announcement came as a wide set of new activities and professions have been added to the Kingdom’s Saudization drive to further propel job generation in the country. 

According to the ministry, 15 percent of sales profession as well as 50 percent of engineering and technical professions for medical devices have been localized. 

In addition to this, 60 percent of senior management professions in postal and parcel transportation activities have also been localized. 

When it comes to project management professions, 35 percent of them have been localized with a minimum wage of SR6,000 ($1,559). 

Moreover, up to 14 diverse activities have been localized in outlets providing services for freight brokers and activities. 

Earlier in February this year, the Cabinet, chaired by King Salman, approved the framework for granting incentives for the Saudization of priority goods and services under the Vision 2030 strategy, according to the Saudi Press Agency.  

In September 2022, Transport Minister Saleh bin Nasser Al-Jasser revealed that Saudi Arabia is working to localize 18 professions over the next year, as the Kingdom steadily progresses in its efforts to create more jobs in line with Vision 2030. 

Speaking at the Local Content Forum in Riyadh, Al-Jasser said: “The transportation system is working to increase the proportion of localization in all its services. We are close to the percentage of full localization for the profession of co-pilot, and soon the full localization of pilots will be achieved.”   

While speaking at the same event, Minister of Investment Khalid Al-Falih said that the Kingdom has a broader and more comprehensive strategy, which will help differentiate between localization and local content.  

“Local content is one of the regulatory and legislative tools that different countries use within certain limits to achieve broader strategies and policies for settlement,” he said. 


Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

Updated 04 January 2026
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Closing Bell: Saudi Arabia’s main index closes in red at 10,364 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, shedding 185.05 points, or 1.75 percent, to end the session at 10,364.03. 

Total trading turnover on the benchmark index stood at SR2.55 billion ($680 million), with 20 stocks advancing and 237 declining. 

The Kingdom’s parallel market Nomu also retreated, falling 0.63 percent, or 147.19 points, to close at 23,371.82. 

The MSCI Tadawul Index slipped 1.71 percent to 1,369.56. 

Saudi Industrial Export Co. was the top gainer on the main market, with its share price jumping 9.87 percent to SR2.56. 

Shares of Naqi Water Co. rose 2.53 percent to SR58.80, while Shatirah House Restaurant Co. advanced 2.18 percent to SR9.39. 

On the downside, Gulf Union Alahlia Cooperative Insurance Co. posted the steepest decline, with its share price falling 4.61 percent to SR10.14. 

On the announcements front, Scientific & Medical Equipment House Co. said it had been awarded a contract valued at SR260.98 million by the Ministry of Human Resources and Social Development to supply uncooked food materials and catering items to beneficiaries at the ministry’s residential branches across the Kingdom.  

The project scope also includes providing cooked meals to selected anti-begging offices over a 24-month period, according to a Tadawul statement. The company added that the financial impact of the contract will begin in the fourth quarter of this year. 

It said further developments would be disclosed in due course after all relevant parties sign the final contract and a copy is received. 

Shares of Scientific & Medical Equipment House Co. edged up 0.31 percent to SR32.44. 

Separately, Dr. Soliman Abdel Kader Fakeeh Hospital Co. and its subsidiaries signed an agreement with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City for SR217.99 million. 

According to a Tadawul statement, the land, which spans 34,581 sq. meters, will be used to develop an integrated healthcare facility under a 50-year lease. 

The company said the financial impact of the agreement is expected to begin once the medical facility is completed and becomes operational. 

Shares of Dr. Soliman Abdel Kader Fakeeh Hospital Co. fell 1.92 percent to SR33.74.