RIYADH: A “structural shift” in the Saudi economy has led to the share of citizens employed in the private sector reaching 52.8 percent, surpassing the 51.4 percent target, according to a landmark report.
Prepared in collaboration with the Global Labor Market Conference, World Bank Group and the Kingdom’s Ministry of Human Resources and Social Development, the release titled “A Decade of Progress,” offers an analytical overview of the nation’s job market transformation over the past decade.
Figures as of the second quarter of 2025 showed the Kingdom was not only ahead of its target for the year for the share of Saudis working in the private sector, but only 5.5 percentage points away from the Saudi Vision 2030 goal of 58.3 percent.
The analysis also highlights a structural shift in the role of the private sector in Saudi Arabia’s job market, particularly among women.
Strengthening the private sector and enhancing women’s participation in the workforce is a crucial goal outlined in the Kingdom’s Vision 2030 agenda, as the nation is steadily pursuing its economic diversification efforts by reducing its dependence on crude revenues.
