Saudi Arabia Launches Second Part of Nitaqat Program to Create 340,000 Jobs in 3 Years

Saudi Arabia Launches Second Part of Nitaqat Program to Create 340,000 Jobs in 3 Years

The Ministry of Human Sources and Social Improvement introduced on Thursday the launch of the second section of the Nitaqat Al-Mutawar Program. This system goals to create greater than 340,000 new jobs for Saudi residents within the non-public sector over the following three years.

The ministry defined that the primary section of this system, which started in 2022, efficiently employed over 550,000 Saudi nationals within the non-public sector throughout the previous three years. This quantity exceeded the unique goal of 340,000 jobs.

The ministry said that the second section builds on the robust outcomes of the primary section. The objective is to get extra Saudis to work, give them quite a few job potentialities, and maintain the job market in steadiness between provide and demand.

These efforts will assist assist the expansion of the nationwide economic system and enhance long-term confidence within the non-public sector.

Minister of Human Sources and Social Improvement Ahmed Al-Rajhi said that they fastidiously designed the brand new section to strike a steadiness between job localization and private-sector progress.

He defined that this system relies on an in depth evaluation of the labor market and the capabilities of firms throughout totally different sectors. The principle objective is to create extra private-sector jobs for Saudi residents.

Al-Rajhi additionally stated that earlier phases of the Nitaqat program have confirmed that Saudi employees can succeed and carry out effectively in lots of professions. He added that this success inspired the ministry to launch a brand new section centered on empowering Saudi expertise, rising their energetic position within the labor market, and constructing a secure and sustainable labor market whereas retaining the non-public sector aggressive.

Based mostly on these research, the ministry proposed real looking and focused Saudization charges that think about job nature and market circumstances. These charges additionally take note of the variety of expert Saudi employees who’ve achieved effectively in these jobs.

Abuthnain added that this step will assist enhance job stability, elevate productiveness, and obtain long-term sustainability within the Saudi labor market.

Saudi Arabia Launches Second Part of Nitaqat Program to Create 340,000 Jobs in 3 Years