Minister of Human Resources and Social Development Ahmed Al Rajhi, during his speech at the Future of Real Estate Forum, explained that the real estate sector is the third contributor to employment and is the engine of other sectors, and said that ”the number of Saudis in the private sector reached one million and 950 thousand young men and women, and this figure confirms the attractiveness of all business sectors.”

Future of Real Estate Forum.

Al-Rajhi stressed that the real estate sector is witnessing the localization of six activities, including real estate brokerage and marketing with a 40 percent support for the salaries of new workers in the sector for two years, pointing out that last year witnessed for the first time the entry of 400 thousand young men and women, and that the major projects in the Kingdom set clear targets to create jobs for Saudis, and the tourism sector created one million jobs.

Major projects in the Kingdom set clear targets to create jobs for Saudis.

Al-Rajhi stated that the real estate market before regulation was dominated by real estate speculation, while the current period is witnessing a major period of regulation and correction, indicating that the ministry issued 32 localization decisions, and that the current year will witness the issuance of 30 localization decisions.

Rajhi pointed out that the real estate market before regulation was dominated by real estate speculation.

Al-Rajhi indicated that the real estate market before regulation was dominated by real estate speculation, while the current time is witnessing a period of regulation and major correction, indicating that the ministry issued 32 settlement decisions, and that the current year will witness the issuance of 30 settlement decisions, stressing that the Corona accelerated the exit of jobs and introduced other jobs, and indicated that the labor market strategy includes 25 reform initiatives for the economic participation of citizens, and we reached 50% for targeted economic participation, and we aim to reach among the advanced countries in the labor market efficiency index in this field among 20 countries.

Al-Rajhi indicated that the ministry issued 32 settlement decisions, and the current year will witness the issuance of 30 settlement decisions.

Al-Rajhi revealed the establishment of the "Future Work Company" with the aim of absorbing all real estate activities in all types of self-employment from examiners, marketers, surveyors, designers and others, revealing that the number of registrants in the self-employment platform from young Saudi men and women reached 1.5 million, and the number of full-time self-employment reached 120 thousand, stressing that the real estate sector will be the first number in job creation.

Rajhi revealed that the real estate sector will be the first number in job creation.