The Ministry of Labor revealed in a report published last year that 87 percent of private sector establishments are in the “white category” of the Nitaqat nationalization scheme.
The “white category” alludes to companies with only 10 employees and which are consequently required to hire only one Saudi.
This translates to a staggering 1.7 million establishments that are essentially excluded from the Kingdom’s nationalization plans aimed at creating employment for Saudi citizens.
Only 265 companies were categorized within the zones of the Nitaqat nationalization program — the red, yellow, green and platinum. This means that only 13 percent of companies fully comply with requirements for job nationalization.
The report pointed out that the ministry would embark on the fourth phase of the wage protection program in March. The move will ensure that employees receive their monthly salaries on time and will curb manipulation in delaying payment.
The fourth phase will include establishments with 500 to 1,000 workers.
“The last phase of the program will be implemented in October on establishments with 100 to 200 workers,” the report said.
The report indicated that the number of recruiting offices increased to 338 last year, compared with only 208 in 2009. Around 40 new offices were opened last year alone.
1.7 million firms out of Nitaqat purview
1.7 million firms out of Nitaqat purview
Abbas praises Saudi Arabia’s ‘honorable and unwavering stances’ on Palestinian cause
RIYADH: Palestinian President Mahmoud Abbas has praised the “honorable and unwavering stances” of both Saudi Arabia and Turkiye in supporting the Palestinian people’s rights to freedom and independence, the Saudi Press Agency reported on Wednesday.
He welcomed the joint statement issued at the conclusion of Turkish President Recep Tayyip Erdogan’s visit to the Kingdom on Wednesday.
The statement affirmed the positions of the Kingdom and Turkiye regarding the Palestinian cause, the necessity of consolidating the ceasefire, ending the occupation of Gaza, and enabling the Palestinian Authority to resume its responsibilities in the Gaza Strip.
It also supported their backing for the establishment of an independent Palestinian state within 1967 borders, with East Jerusalem as its capital, in accordance with international law and the 2002 Arab Peace Initiative.
