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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 Nationa...

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 Riya...

SHARE The Covid-19 pandemic has caused major upheavals around the world – not least in the jobs market. The tumultuous events of 2020 have affected millions of workers worldwide, including in the UAE, where many companies made staff redundant and reduced salaries in an effort to trim costs and remain operational. While uncertainty remains, a brighter picture has been forecast for the Emirates, with the Central Bank of the UAE projecting the economy will grow 2.5 per cent in 2021. So, what is the salary outlook for jobseekers this year? Pay levels in Abu Dhabi, Dubai and other emirates The d...

DUBAI: Following in the footsteps of retail and engineering, the Saudi government recently added accountancy to the list of professions set to be Saudized. While analysts welcomed the decision and its long-term benefits, many believe that, in the short-term, there may be a shortage of available candidates to fill the roles and measures need to be put in place to upskill Saudi accountants in line with international standards. The decision to nationalize 30 percent of accounting jobs will impact all local private entities in the Kingdom with at least five accounting professionals. It will come ...

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