Second Phase of Saudization of Consulting Service Professions by 40% Comes into Force
The Kingdom of Saudi Arabia has recently implemented the second phase of Saudization in consulting service professions, aiming to increase the percentage of Saudi nationals in these roles by 40%. This initiative is part of the government’s efforts to create more job opportunities for Saudi citizens and reduce reliance on foreign workers.
As per the new regulations, consulting firms are required to ensure that at least 40% of their workforce consists of Saudi nationals. This includes roles such as consultants, project managers, and other related positions. The government believes that by increasing the number of Saudi employees in these sectors, it will help boost the country’s economy and provide more opportunities for its citizens.
The move has received mixed reactions from both employers and employees. While some believe that Saudization will help improve job prospects for Saudis and reduce competition from expatriates, others are concerned about the potential impact on business operations. However, the government has assured that the implementation of Saudization will be carried out in a phased manner to minimize disruptions to businesses.
Overall, the second phase of Saudization in consulting service professions is a significant step towards achieving the government’s vision of a more diversified and sustainable economy. By increasing the number of Saudi nationals in these roles, the country aims to create a more inclusive workforce and reduce its dependence on foreign labor.
