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Saudization in Operation and Maintenance Sector Reaches 34%

Saudi nationals’ participation in the workforce continues to increase, with Saudization in the operation and maintenance sector reaching 34 percent. Since its inception from 2019 to 2023, the Labor Localization and Maintenance Contracts service initiative has resulted in the employment of over 160,000 Saudi natives in the sector. In a recent report, the Saudi Ministry of Human Resources highlighted the operation and maintenance sector as a pivotal and promising domain within the Kingdom, offer...
Saudi Arabia Human Resources Development Fund Ministry Of Human Resources Vocational Training Corporation Saudi Ministry Of Human Resources Expenditure Projects Efficiency Authority
Source: aawsat.com

Saudi Arabia: Contracting with Foreign Companies Now Tied to Regional Headquarters

Saudi Arabia is holding on to its decision that foreign companies will be required to base their regional headquarters in the Kingdom, which enters into effect on January 1, 2024. The government issued more than 180 licenses to international companies to move their regional headquarters after it announced the decision to stop contracting with entities that do not adhere to the state's direction at the beginning of 2024. Last week, the Saudi cabinet approved contracting regulations for firms...
Saudi Arabia Ahmed Al Jubeir Asharq Al Awsat Efficiency Authority Auditing Bureau Authority For Foreign
Source: aawsat.com

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Who's Who: Akram Makasher, executive director at the Government Expenditure and Projects Efficiency Authority

Akram Makasher is currently the executive director of policies and legislation at the Government Expenditure and Projects Efficiency Authority, also known as EXPRO, since June 2022. In this position, Makasher manages newly established departments to ensure spending efficiency, policies and methodologies both internally and externally. He has over 17 years of experience in the
Ash Sharqiyah Saudi Arabia Videojet Danaher Akram Makasher Zamil Alpla Al Sharq Plastic Co

Environmental goals ambition marked 2022 as strategic turning point for royal reserve authority

Riyadh: A number of achievements that contributed to national environmental goals marked 2022 as a strategic turning point for the King Salman bin Abdulaziz Royal Reserve Development Authority. Nasser Al-Nasser, its acting CEO, told Arab News: "The authority has made structured efforts to develop the national reserve in line with the best international standards and management
Saudi Arabia Ar Riya Rawdat Al Khafs Rawdat Tinhat Nasser Al Royal Reserves Council

Closing bell: Saudi benchmark index continues its upward momentum, edges up 0.28%

RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday gained 29.83 points — or 0.28 percent — to close at 10,795.60. While MSCI Tadawul 30 Index edged up 3.37 points to close at 1,495.84, the parallel market Nomu slumped 187.73 points to end at 19,164.59. TASI’s total trading turnover of the benchmark index on Tuesday was SR3.57 billion ($950 million), with 112 stocks of
Saudi Arabia Ar Riya Customs Authority Saudi Arabian Amiantit Co Thob Al Aseel Co Saudi Tadawul Group Holding Co

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