RIYADH: More than 340,000 additional jobs are set to be localized for Saudi nationals as part of a new three-year phase of the Kingdom’s enhanced “Nitaqat” program.
According to a press release from the Ministry of Human Resources and Social Development, the initiative aims to reinforce labor market sustainability and advance the goals of the Kingdom’s Vision 2030 economic transformation agenda.
This new phase builds upon the program’s successes since its initial revamp in 2021.
Minister of Human Resources and Social Development Ahmed bin Sulaiman Al-Rajhi said: “The experience of the previous stages has confirmed the ability of the Saudi citizen to succeed in various professions, which formed a solid foundation for launching a new phase of the program.”
This comes as the Kingdom mandated a 60 percent localization rate for key marketing and sales professions. The decisions, announced on Jan. 19, will be enforced after a three-month grace period, giving companies time to comply.
