All of these initiatives are in alignment with the PIF’s aim to increase its contribution to local content to 60 percent by 2025
Saudi private sector
Latest in Saudi private sector
MEPX
Saudi Arabia launches new economic analysis index to monitor performance of the country’s private sector
The new index, designed and developed by the country’s ministry of economy and planning, is intended to track ten economic factors classified into four categories – consumers, firms, and the financial and trade sectors
Green Economy
Saudi Arabia announces $186 million investment to develop green economy, create jobs
The Kingdom has a package of initiatives launched, and will contribute to reducing carbon emissions by more than 278 million tons annually
Coronavirus Saudi Arabia
SAMA to extend Covid-19 support programme for micro and SME businesses through 2023
Saudi Central Bank’s Guaranteed Finance programme has handed out SR11bn since its inception in 2020
Saudi economy
Nearly 2 million Saudis enter private sector in 2021
Saudi Arabia, alongside other Gulf nations, have begun a nationalisation drive to get more locals in the private sector who have long opted for jobs in the public sector
General Organisation for Social Insurance
Private sector sees surge in local workers during Q3 amid Saudisation push
Localisation percentage increases to 23.59% in third quarter of 2021, up by 0.96% compared to the previous quarter
business activities
Saudi private sector shrinks as Covid-19 recovery wobbles
Private sector accounted for 48 percent of economic output, compared to nearly 52 percent in the previous three-month period
Jadwa Investment
How the non-oil sector is increasingly driving Saudi economic prospects
Jadwa Investment raises forecast for 2021 growth on back of strong real estate, non-oil manufacturing, retail and tourism performance
Great Place to Work
In pictures: Best places to work in Saudi Arabia 2020
The ‘Best Workplaces in Saudi Arabia’ are represented by a diverse number of industries including logistics, technology, finance, media, retail, fashion, FMCG, hospitality, healthcare and manufacturing.
Saudi economy
Video: What is the current state of Saudi’Arabia’s job market?
How are job seekers actually feeling about their chances of securing a new role, landing a pay rise or learning new skills?
Employees
Saudi firms face $800 fine per staff member for delays in salary payment
Private companies will be fined up to $6,665 if they fail to employ at least two women in each work shift
budget deficit
Saudi Arabia’s budget deficit widens to $8.9bn in Q2
Oil revenue in Saudi Arabia dropped 5% year-on-year in the second quarter of 2019 while non-oil revenue declined 4%
Jadwa Investment
Saudi economic growth forecast revised down on oil output
Jadwa Investment says it now sees growth at around 1.6% for 2019, down from 2% previously forecast
IMF
Revealed: what the IMF thinks of Saudi economic progress
International Monetary Fund says Saudi growth is expected to pick up over the medium-term as ongoing reforms take hold
Emirates NBD Purchasing Managers Index
Saudi private sector growth hits 18-month high in June
Emirates NBD Purchasing Managers’ Index for Saudi Arabia rises to 57.4 in June, up from 57.3 in May and the highest since November 2017
Businesses in Saudi Arabia
Saudi Arabia’s $53bn non-oil stimulus may last beyond 2021
Naif Al-Rasheed, managing director of the Private Sector Stimulus Office is focusing on companies in the real estate, hospitality, healthcare and education sectors
Emirates NBD
Saudi private sector growth hits 15-month high
New survey shows Saudi Arabian private sector’s new order growth accelerates to fastest since April 2015