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She declared Ministry of Municipal Affairs and Housing The Kingdom of Saudi Arabia announced a partnership with the Human Resources Development Fund to increase the proportion of financial support in employment support programs.
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The announcement was made in a statement posted by the ministry on its website “X” (formerly Twitter), which explained the details of the new decision.
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Details of the increase in fiscal support rate
The statement said that the proportion of fiscal support will be increased from 30% to 50%, and the support will cover 53 industries and 45 different economic activities.
Support of up to SAR 3,000 will be provided within the framework of the employment support program aimed at promoting nationalization in the Kingdom.
Decision-making goals
The Ministry of Municipality and Housing explained that the main goal of this decision is to strengthen the Kingdom’s Saudization process by providing qualified and trained personnel to various sectors.
The support also aims to achieve sustainability and job stability for Saudi employees, thereby contributing to strengthening the national economy.
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expected result
The ministry expects that increasing the proportion of financial support will increase employment opportunities for Saudi citizens in various targeted sectors.
The decision is expected to help companies and institutions gain greater support in hiring and training local cadres, thereby enhancing the long-term sustainability of these jobs.
The ministry confirmed in a statement that the move is part of a series of initiatives aimed at supporting and developing the Saudi labor market.
The ministry called on all beneficiary entities and companies to use this opportunity to promote nationalization and employ more Saudis.
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In conclusion, this decision is part of the ongoing efforts of the Ministry of Municipal Affairs and Housing and the Human Resources Development Fund to achieve these goals. Kingdom Vision 2030which focuses on developing human resources and promoting employment and nationalization in all economic sectors.
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