According to the Saudi Press Agency report, according to the latest report from the National Labor Observatory (NLO.sa), there has been a steady increase in Saudization in the private sector in the last three years.
Bin Salman’s Vision 2030 which was launched last year is affiliated with the Human Resource Development Fund (HADAF) under the Ministry of Human Resources and Social Development.
The report said, “The private sector accounted for 20.37 percent of the total workforce in the private sector during the first quarter of 2020, compared to 20.21 percent in the same period last year. The percentage of Saudization in the private sector was 18.61 in 2018. Saudization percentage fluctuated in previous years with 16.46 percent in 2017, 16.79 percent in 2016, 17.14 percent in 2015 and 15.63 percent in 2014.
The report said that in the first quarter of this year, the General Organization for Social Insurance (GOSI) registered 66.78 per cent of the private sector Saudi workforce and 33.22 per cent of women. The Eastern Province with 24.01 per cent (Saudiization) stood first in the Saudisation followed by Riyadh with 20.72 per cent, Mecca (20.46 per cent), Medina (18.14 per cent) and Asir (15.98 per cent).
Finance and insurance were the highest economic activities where the highest level of Saudization (83.01 percent) was achieved in the private sector. This was followed by the activities of international organizations (70.71 per cent), mining and mines (61.95 per cent), education (52.86 per cent) and information and communication (48.81 per cent).
