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HomeBusinessSaudi Arabia Elevates Consulting Sector Saudization

Saudi Arabia Elevates Consulting Sector Saudization

Saudi Vision 2030 Drives Job Localization Efforts

May 10, 2024
in Business, Vision 2030
Reading Time: 1 min read
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In a recent development, Saudi Arabia has unveiled the latest stage in its strategic plan to bolster employment for its citizens within the consulting domain.

The Kingdom’s Ministry of Human Resources and Social Development has announced an increase in the Saudization quota for consulting roles to 40%, a 5% rise from the earlier threshold. This new directive is set to be implemented starting Monday.

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Following the initial phase initiated in March of the prior year, which was designed to augment the proportion of Saudi nationals employed in various consulting segments, including finance, business, cybersecurity, as well as project management and engineering, this move marks a continuous effort.

Raising the Bar for Job Localization

The elevation of job localisation aligns with Saudi Arabia’s overarching economic framework, known as Saudi Vision 2030. The government aspires to create a plethora of employment opportunities for its people across various sectors. In tandem with other public sector bodies, the ministry will ensure the enforcement of the new Saudization target.

Firms in the private sector are encouraged to leverage a suite of incentives and support schemes provided by the ministry. These initiatives encompass aspects such as hiring, training, and comprehensive employment support.

Comprehensive guidelines detailing the new policy, its execution, and the supportive measures have been disseminated by the ministry. Prioritising the nationalisation of professions and sectors, past endeavours have targeted roles in aviation, optics, inspection services, and postal operations.

The Kingdom’s ambition extends beyond merely enhancing private sector employment rates for citizens. It also aims to invest substantially in their advancement to allow for a meaningful contribution to a diversified economic landscape as envisioned by Vision 2030.

Tags: Consulting SectorJob Localizationsaudi arabiaSaudizationVision 2030
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