Saudi government to woo nationals to private sector with cash boosts

Saudi nationals' monthly wages will be supported by sums of between $1,066 and $2,666 under a programme designed to upskill locals
Saudi government to woo nationals to private sector with cash boosts
The kingdom’s Vision 2030 reform plan calls for unemployment to be slashed from 11.6 percent to seven percent.
By Staff writer
Wed 16 Jan 2019 11:02 AM

Saudi Arabia's government will contribute to the salaries of nationals employed in the private sector as part of a wider effort to motivate companies to hire local nationals and boost their participation in the labour market, the government announced on Tuesday.

On Tuesday, Ahmad Al-Rajhi, the Saudi Minister of Labor and Social Development, said that the move was designed to help upskill Saudi employees and prepare them for future employment.

As part of the programme, monthly wages will be supported by sums of between SAR 4,000 ($1,066) and SAR 10,000 ($2,666).

The kingdom’s Vision 2030 reform plan calls for unemployment to be slashed from 11.6 percent to seven percent.

Additionally, the plan calls for the portion of women in the workforce to rise from 22 percent to 30 percent.

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.