Indigenization in the private sector in Saudi Arabia is accelerating

The proportion of Saudi nationals employed in the private sector increased from 20.37 per cent to 22.75 per cent in the first quarter of this year compared to the same period last year.

Riyadh: Indigenization is gaining strength in Saudi Arabia. According to the Human Resource Development Fund, 121,000 Saudi nationals will be employed in the country’s private sector in the first quarter of 2021. The proportion of natives employed in the private sector increased from 20.37 per cent to 22.75 per cent in the first quarter of this year as compared to the same period last year.

The financial and insurance sectors saw the highest domestication in the first quarter – 83.1 per cent. The number of Saudis working in the construction, wholesale, retail and auto repair sectors rose to 42.42 percent.

As part of economic diversification and the commitment to provide employment to the next generation of job seekers, all Gulf countries are strengthening repatriation in the public and private sectors.കയാണ്. The average salary of a Saudi citizen working in the private sector had reached 5,957 riyals ($ 1,588) in the first quarter of this year. Of this, the average wage for Saudi men is 6,767 riyals and for women 4,591 riyals. The number of Saudis subscribing to social insurance increased by 5.45% in the first quarter of this year compared to the previous quarter. Meanwhile, the number of non-Saudi nationals subscribing to social insurance fell 0.4 percent. The number of private sector companies in the country grew by 2.9 per cent to 184,648 in the first quarter.

It was later reported that Saudi Arabia was planning to repatriate top posts in the country’s private sector. It is learned that the Ministry of Human Resources and Social Development has initiated steps to study the possibilities. But high-ranking positions in the private sector may not be repatriated soon. Proceedings will begin only after information is available on the number of qualified Saudis to be appointed to senior positions. If there are not enough job seekers, the natives will be provided with the necessary knowledge, experience and training.

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