Dhahran, Saudi Arabia -- Energy giant Saudi Aramco Tuesday announced that it has signed 40 corporate purchase agreements worth $6 billion with suppliers in Saudi Arabia under its localization program. The new purchase agreements cover companies in multiple sectors and include the supply of a variety of products, including strategic...
Real estate workforce in Saudi Arabia soars to 26,000 after localization push
Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial increase from 12,000 to over 26,000 citizens working in the industry since July 2021. The significant 116% leap comes in the wake of the government's decision to prioritize the localization...
Localization in focus as KSA raises military spending
Saudi Arabia's 2024 budget hikes military spending to $71 billion for industry localization and modernization, targeting 50% equipment spending localization by 2030.For GCC, centralized demand planning is indispensable
Facing challenges like varied categorization and technical standards, GCC economies are turning to innovative solutions. With digital technologies and unified planning, the Gulf region aims to unlock the full potential of their industrial sectors, add the experts from Kearney.
Qatar launches Tatween platform for job localization in private sector
Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of the regulators of priority sectors in the localization of jobs. Announcing the launch, labor minister Dr. Ali bin Saeed bin Smaikh Al Marri said the sectors involved are services, tourism...
Bahrain, Saudi to cooperate in job localization, labor market regulation
Bahrain and Saudi Arabia have discussed ways to enhance technical cooperation in the areas of job localization programs and labor market regulation, as well as plans to integrate job seekers and develop human resources. The discussion took place during a meeting between Bahrain’s Minister of Labor and Chairman of the...
Online platforms help GCC reduce local unemployment
Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment and their reliance on expat workers.Saudization benefits thousands of citizens in 2021
The number of Saudi nationals who got jobs in the private sector crossed 1.9 million in 2021, the highest number of citizens hired in a year.
60,000 Saudi nationals added to private-sector job force in Q3 under Nitaqat
Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter of 2021, the National Labor Observatory (NLO) has said. The percentage of Saudis in the private sector increased to 23.59 percent, up by 0.96 percent compared to the previous quarter....
