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Vaccination against COVID-19 a must for all workers in Saudi Arabia: State TV

Saudi Private Sector Employment Hits Five-Month High

Wednesday, 5 May, 2021 - 09:45 Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. REUTERS/Faisal Al Nasser Riyadh - Asharq Al-Awsat Business activity in Saudi Arabia s non-oil private sector hit a three-month high in April and employment rates hit a five-month high, a survey revealed on Tuesday, as the Kingdom shows signs of recovering from the coronavirus pandemic. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers Index (PMI) rose to 55.2 in April from 53.3 in March, remaining above the 50 mark that separates expansion from contraction for the eighth straight month. The Saudi Arabia PMI rebounded in April to indicate a strengthening of growth across the non-oil economy. New orders picked up at the quickest rate for three months as business conditions continued to recover from COVID-19, said David Owen, Economist at IHS Markit.

Saudi Arabia: Private Sector Nationalisation Rate Up to 22 75 Percent in Q1 2021

Saudi Arabia: Private Sector Nationalisation Rate Up to 22.75 Percent in Q1 2021 Published April 29th, 2021 - 01:00 GMT Around 63 percent of subscribers were males, while 37 percent were females. (Shutterstock) Highlights Saudi Arabia’s Eastern Province witnesses the most progress in this regard with 25.7 percent Within the Kingdom’s private sector, the Saudization rate the percentage of workers who are Saudi nationals rose to 22.75 percent in the first quarter of 2021, compared to 20.37 percent during the same period last year.   According to a recent report by the National Labor Observatory (NLO), around 1.84 million Saudi employees have subscribed with the General Organization for Social Insurance (GOSI) in Q1 of 2021.

Private sector Saudization rate rises to 22 75 percent in 2021

JEDDAH: Within the Kingdom’s private sector, the Saudization rate the percentage of workers who are Saudi nationals rose to 22.75 percent in the first quarter of 2021, compared to 20.37 percent during the same period last year. According to a recent report by the National Labor Observatory (NLO), around 1.84 million Saudi employees have subscribed with the General Organization for Social Insurance (GOSI) in Q1 of 2021. Around 63 percent of subscribers were males, while 37 percent were females. The Eastern Province came first with a Saudization rate of 25.7 percent, followed by Riyadh (24.5 percent), Makkah at (21.4 percent), Madinah (19.3 percent), and Asir (17.5 percent). Saudi Arabia has the lowest dependence on foreign labor among Gulf Cooperation Council countries at around 77 percent, while Qatar has the highest, at about 94 percent, according to data from S&P Ratings.

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