Oman on course to beat employment target after 18,000-job boom in first half of 2023

Oman wants to provide provide at least 35,000 job opportunities in 2023. (Oman News Agency)
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Updated 17 August 2023
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Oman on course to beat employment target after 18,000-job boom in first half of 2023

RIYADH: Oman is on course to surpass its 2023 employment and replacement plan after hitting 53 percent of its target for job creation in the first half of the year.

The latest figures from the Labor Ministry show the total number of new jobs in government and private sector entities touched 18,716 by the end of June.   

In April, Omani Labor Minister Mahad Said Ba’Owain said his ministry aimed to provide at least 35,000 job opportunities in 2023.   

The employment and replacement plan is a government initiative to increase job opportunities for Omani citizens and replace foreign workers with locals.  

The ministry said that job rotation stood at 16,486, explaining that the volume of first-time employees and those who occupied jobs before stood at 35,202.  

It added that number of on-the-job training opportunities associated with the replacement of outgoing employees and employment of fresh employees stood at 611 in the government sector, compared to 1,537 in the private sector.  

In July, Sultan Haitham bin Tariq issued a royal decree amending the country’s labor law. The new regulations are in line with the goals of Oman Vision 2040, taking into consideration the labor market.  

The law prioritizes the country’s national capabilities, preserving their rights and duties. The new regulation aims to enhance private sector performance and shape administrative practices.  

Commenting on the decree at that time, Ba’Owain said that the issuance of the labor law aligns with the changes and developments in the market, adding that it confirms the keenness of his country’s leadership to elevate Oman to higher levels of organization.  

“The law prioritizes the interest of both the worker and the employer alike for the public interest represented in consolidating legislations that strike a balance within the labor market and cement firm grounds for renewed Oman,” the minister explained.  

Faisal Al-Rowas, chairman of the board of directors of the Oman Chamber of Commerce and Industry, said at that time that the law would improve the investment climate in the country and enhance the competitiveness of its labor market.   


Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

Updated 27 January 2026
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Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

RIYADH: Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper at the center of a downtown development in Riyadh while it reassesses the project's financing and feasibility, four people familiar with the matter said.

The Mukaab was planned as a 400-meter by 400-meter metal cube containing a dome with an AI-powered display, the largest on the planet, that visitors could observe from a more than 300-meter-tall ziggurat — or terraced structure —inside it.

Its future is now unclear, with work beyond soil excavation and pilings suspended, three of the people said. Development of the surrounding real estate is set to continue, five people familiar with the plans said.

The sources include people familiar with the project's development and people privy to internal deliberations at the PIF.

Officials from PIF, the Saudi government and the New Murabba project did not respond to Reuters requests for comment.

Real estate consultancy Knight Frank estimated the New Murabba district would cost about $50 billion — roughly equivalent to Jordan’s GDP — with projects commissioned so far valued at around $100 million.

Initial plans for the New Murabba district called for completion by 2030. It is now slated to be completed by 2040.

The development was intended to house 104,000 residential units and add SR180 billion to the Kingdom’s GDP, creating 334,000 direct and indirect jobs by 2030, the government had estimated previously.

(With Reuters)