The nationalization rate in the private sector during the third quarter of this year (2021) rose to 23.59%, an increase of 0.96% from the previous quarter, and the number of Saudi workers during the same period increased by about 60 thousand employees, according to the National Labor Observatory.
.National Labor Observatory
The National Labor Observatory explained that the number of Saudi participants in the private sector, according to data from the General Organization for Social Insurance, reached 1,826,875 participants in the third quarter of this year, an increase of 3.41%, including 65.06% males and 34.94% females.
National Labor Observatory.
The growing rates of localization rates during the third quarter come as a result of Human Resources Development Fund's efforts to develop and improve support and empowerment programs and initiatives for the national workforce, as it contributed to supporting the employment of more than 200 thousand young men and women to work in private sector enterprises since the beginning of this year until the end of the third quarter.
HRDF.
The Fund's work strategy also led to the development, coordination and strengthening of efforts with partners in private sector enterprises to enable the sons and daughters of the nation to have career opportunities in the labor market, in addition to the development of new and quality programs in line with the needs and requirements of the labor market, in addition to the decisions of the Ministry of Human Resources and Social Development in the field of localizing several professions and economic activities in the labor market.
The Fund's work strategy also led to the development and coordination of efforts with partners.
