Saudi Arabia Begins Localization of Education Sector Jobs

Saudization of education jobs in the public and private sectors, Asharq Al-Awsat
Saudization of education jobs in the public and private sectors, Asharq Al-Awsat
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Saudi Arabia Begins Localization of Education Sector Jobs

Saudization of education jobs in the public and private sectors, Asharq Al-Awsat
Saudization of education jobs in the public and private sectors, Asharq Al-Awsat

Saudi Arabia started on Wednesday the first phase of localization of educational jobs in private schools and international schools for boys and girls.

This aligns with the Minister of Human Resources and Social Development Ahmed Al-Rajhi’s decision last May.

According to Al-Rajhi’s decision, the Kingdom aims to Saudize a specific percentage of jobs and to create 28,000 jobs for Saudis in a number of subjects in various phases of public education.

Saudization will be implemented in specific proportions over several phases within a span of the coming three years.

The first phase of Saudization in the international schools covers specializations like the Arabic language, national identity, Islamic studies, social studies, art education, and physical education.

The decision also aims to increase Saudization rates in private schools in all disciplines, including mathematics, physics, biology, science, and computer.

The ministerial decision stipulated a grace period from the date of its issuance until the date of implementation of the decision in each phase. During the grace period, the establishment can work to achieve its targeted Saudization rates.

A package of incentives and support will be provided to these establishments as part of supporting private sector establishments in employing Saudis.

According to the procedural guide for Saudization of private education, the Saudization percentage of one teacher will be calculated if his/her monthly wage registered in the General Organization for Social Insurance (GOSI) is not less than SAR 5,000 for a bachelor’s degree holder or its equivalent qualification.

Teachers receiving a wage less than SAR 5,000 will not be counted in the Saudization percentage.

The decision aims to create 28,000 educational jobs for the sons and daughters of the country in private schools and international schools during the next three years.

This decision comes in line with the ministry’s plan to Saudize and boost opportunities available to Saudi men and women participating in the labor market and thus contributing to the gross domestic product (GDP).



Projects, Agreements Exceeding $48 Billion Expected at Cityscape Global in Riyadh

National Housing Company (NHC) CEO Mohammed Al-Buty speaks at Cityscape Global. (Asharq Al-Awsat)
National Housing Company (NHC) CEO Mohammed Al-Buty speaks at Cityscape Global. (Asharq Al-Awsat)
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Projects, Agreements Exceeding $48 Billion Expected at Cityscape Global in Riyadh

National Housing Company (NHC) CEO Mohammed Al-Buty speaks at Cityscape Global. (Asharq Al-Awsat)
National Housing Company (NHC) CEO Mohammed Al-Buty speaks at Cityscape Global. (Asharq Al-Awsat)

Saudi Arabia’s real estate sector is experiencing a surge in growth, marked by record-breaking deals expected at the second annual Cityscape Global 2024, the world’s largest real estate exhibition.

Deals at this year’s event, held in Riyadh, are anticipated to exceed SAR 180 billion ($48 billion), representing an increase of over 50% compared to the previous edition.

According to Majid Al-Hogail, Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing, real estate deals in the Kingdom have reached SAR 630 billion ($168 billion) since the beginning of the year, supporting national economic growth and diversification.

Cityscape, held at the Riyadh Exhibition and Convention Center, showcases Saudi Arabia’s ongoing real estate development and serves as a central platform for innovation and investment. The event is supported by the Ministry of Municipal and Rural Affairs and Housing, the General Real Estate Authority, and the Housing Program, a key initiative under Saudi Arabia’s Vision 2030.

The number of participants doubled from last year, with over 100 local and 69 international developers taking part, underscoring the strength and global confidence in Saudi Arabia’s real estate market.

Al-Hogail highlighted that Saudi banks have significantly increased real estate financing from SAR 200 billion ($53.3 billion) in 2018 to SAR 800 billion ($213.3 billion) this year, with the market projected to reach SAR 1.3 trillion ($346 billion) by 2030. The Saudi Real Estate Refinance Company has also supported this growth, providing over SAR 37 billion ($9.8 billion) in mortgage refinancing.

In line with this expansion, the Kingdom has seen a rise in homeownership rates, which reached 63.7% at the end of 2023. Over 20 new regulatory measures have been implemented to streamline the market, and more than 60,000 real estate broker licenses have been issued.

Al-Hogail noted that the real estate sector plays a critical role, impacting over 60 economic sectors and positioning Saudi Arabia as a global hub for urban development and sustainable cities of the future.

Supporting these objectives, Cityscape hosted 400 exhibitors from 50 countries and over 100 investors, with an agenda aligned with Vision 2030’s pillars: increasing supply, expanding financing, modernizing regulations, and adopting advanced technology.

The National Housing Company (NHC), represented by CEO Mohammed Al-Buty, unveiled a new brand identity at the event, symbolizing its commitment to creating integrated urban communities that elevate quality of life.

Al-Buty emphasized the company’s role in advancing infrastructure that aligns with Vision 2030’s sustainable development goals, aiming to build vibrant, livable environments with easy access to essential services, green spaces, and commercial areas.

Several significant agreements were also announced. The NHC signed deals worth over SAR 142 billion, while Retal pledged more than SAR 14 billion for four projects in Riyadh and Al Khobar. Mohammed Al-Habib Company revealed its “Enar” residential-commercial project, valued at SAR 5 billion, while Tilal committed SAR 6 billion to a mixed-use project in Al Khobar.

Caden announced a SAR 10 billion project to develop over one million square meters, and Mountain View earmarked SAR 1.2 billion to build 500 villas. Diriyah Gate Company also invested SAR 1 billion for luxury residential and hotel suites, in partnership with brands such as Ritz-Carlton and Raffles.

With the theme “Future of Living,” this year’s Cityscape Global highlights Saudi Arabia’s dynamic real estate sector and the nation’s commitment to transforming urban landscapes and meeting future lifestyle needs.