{"id":34682,"date":"2022-02-24T16:12:45","date_gmt":"2022-02-24T13:12:45","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=34682"},"modified":"2022-02-24T16:12:45","modified_gmt":"2022-02-24T13:12:45","slug":"%d9%85%d9%86%d8%aa%d8%af%d9%89-%d9%85%d8%b3%d8%aa%d9%82%d8%a8%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1-%d8%b1%d9%88%d8%a7%d8%aa%d8%a8-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d9%84%d9%8a%d9%86-%d8%a7%d9%84","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/34682\/","title":{"rendered":"Future of Real Estate Forum Salaries of new workers in the real estate sector are subsidized by the state by 40%"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Ahmed Al-Rajhi, Minister of Human Resources and Social Development, stated during his speech at <a href=\"https:\/\/amlak.net.sa\/en\/34679\/\" data-type=\"post\" data-id=\"34679\">Future of Real Estate Forum<\/a> \u201dThe real estate sector is the third-largest contributor to employment and a driving force for other sectors,\u201d he said. \"The number of Saudis in the private sector has reached 1.95 million young men and women, a figure that underscores the appeal of all business sectors.\".<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Al-Rajhi emphasized that the real estate sector is undergoing the localization of six activities, including real estate brokerage and marketing, with a 40% subsidy for the salaries of new employees in the sector for a period of two years, noting that last year saw the entry of 400,000 young men and women for the first time, and that major projects in the Kingdom have set clear targets for creating jobs for Saudis, while the tourism sector has created one million jobs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Al-Rajhi noted that before regulation, the real estate market was dominated by speculation, whereas it is currently undergoing a major period of regulation and correction. He pointed out that the ministry has issued 32 Saudization decrees and that 30 more will be issued this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Al-Rajhi explained that before the regulations were put in place, the real estate market was dominated by speculation, whereas the current period is witnessing major regulation and correction. He noted that the Ministry has issued 32 Saudization decisions and that this year will see the issuance of 30 more, emphasizing that the pandemic accelerated the elimination of certain jobs while creating others. He noted that the labor market strategy includes 25 reform initiatives for citizens\u2019 economic participation, and that we have reached 50% for targeted economic participation, aiming to rank among the top 20 developed countries in the labor market efficiency index in this area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Al-Rajhi announced the establishment of \u201cFuture Work Company\u201d with the aim of encompassing all real estate activities across all types of freelance work, including inspectors, marketers, surveyors, designers, and others. He noted that the number of young Saudi men and women registered on the freelance platform has reached 1.5 million, with 120,000 working full-time in the self-employment sector, and emphasizing that the real estate sector will be the leading sector in job creation.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>The Minister of Human Resources and Social Development, Ahmed Al Rajhi, explained during his speech at the Future of Real Estate Forum that the real estate sector is the third contributor to employment and is the engine of other sectors, saying, \u201dThe 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.\u201d Al Rajhi stressed that the real estate sector is witnessing the localization of six activities, including ... <a title=\"Future of Real Estate Forum Salaries of new workers in the real estate sector are subsidized by the state by 40%\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/34682\/\" aria-label=\"Read more about the Real Estate Future Forum... Salaries for new employees in the real estate sector are subsidized by the government at a rate of 40%\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":34683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[7791],"tags":[],"class_list":["post-34682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-strategy"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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