Saudi Arabia's central bank has asked commercial banks to increase localisation of some functions as Riyadh pushes to move more of its citizens into jobs now done by expatriates, a banker in the kingdom said.
The Saudi Arabian
Saudi Arabia's attempts to reform its expatriate-heavy labour market have put more than 600,000 locals into jobs at private companies, a senior official said on Tuesday, a sharp increase over previous rates.
Nearly half of the companies in the Gulf region plan to recruit local talent, revealed a new poll conducted by leading job site Bayt.com.
The online poll series on ‘Localisation Hiring Policies in the GCC’ found that 49.2 p