Monday 18 June 2018

Jobs for locals: 48pc of Saudi firms in 'red zone'

Riyadh, March 5, 2013


About 48 per cent of Saudi companies are yet to reach targets set for Saudization of jobs under the Nitaqat system, a report said.
As many as 120,599 firms,  out of the 248,828 in the kingdom, still remain in the Red zone of the Nitaqat system despite the Labor Ministry’s intensive campaign to Saudize jobs in the private sector, said the report in Arab News.
These include 19 major companies as well, said the report quoting a source at the ministry.
The green range represents the highest ratios of Saudi employment, while the red range is the lowest localization ratio. Nitaqat allows more time for the yellow range companies to adjust their positions.
A total of 80,347 firms entered the Green category during 2012, it said. 
About 113,000 SMEs were in the Red category, while 66,890 SMEs have been categorized as Green firms.
He also pointed out that 34,617 SMEs, 5,058 medium companies, 642 major firms and 42 mega companies are in the Yellow zone.

Tags: Saudi | SMEs | Companies | Nitaqat |

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