Saudi Ministry of Labor and Social Development announced on Sunday that 112,000 establishments participated in the program to support nationalization in establishments, in a step that urges private sector establishments in the kingdom.
This actually indicates the seriousness of private sector establishments in supporting nationalization programs.
In this regard, ministry of labor and social development spokesman Khaled Abalkhail clarified that 112,000 establishments participated in the program to support nationalization in establishments, ensuring that the program contributes in achieving purposes of Saudi Vision 2030 and enhancing Saudi males and females in the labor market.
Abalkhail pointed out that the program serves all active private sector establishments in social insurances regime in which the fund contributes in paying part of the monthly social insurance subscriptions on behalf of the establishments – this therefore pushes the Saudi employees number to grow.
He added that the support includes employees (from both genders) who were appointed by the establishment after July 31 2017, and for a period of two years. The support is directed to establishments to urge recruitment of male and female workers and fill the salaries’ gap.
These developments coincide with the kingdom’s approach to increase recruitment opportunities in the country via boosting economy, nationalizing jobs and supporting job opportunities by means of a specialized initiative launched by the Ministry of Labor and Social Development within initiatives of the National Transformation Program 2020.
The National Transformation Program 2020 is considered the first step towards implementation of Saudi Vision 2030 as a methodology and a road-map for economic and development work in the kingdom.
The program also sets general guidelines and policies to become a pioneering modal on all levels.
