Saudi Arabia has announced an ambitious plan to generate 150,000 new jobs within chemical manufacturing facilities and renewable energy plants, with a strategy focused on achieving 75 percent localization in the energy sector, according to a high-ranking official.
At the Human Capability Initiative hosted in Riyadh, the Saudi Minister of Energy, Prince Abdulaziz bin Salman, highlighted the energy sector’s potential to reach the set localization goal, surpassing other industries in this regard.
“We foresee the creation of roughly 150,000 jobs, which encompasses roles not only in chemical processing and renewable energy operations but also a multitude of positions stemming from our localization efforts. We are dedicated to meeting a 75 percent localization quota,” the minister stated.
He further elaborated on the strategy, “This is the goal we are striving to accomplish with our approach, to provide an insight into our planning and the extent of its development.”