Saudi Arabia’s Private Sector Shows Growth in Job Opportunities
Official data from the Saudi National Labor Observatory reveals that the private sector in Saudi Arabia has been thriving, with a total of 11.27 million employees in April.
Net Increase in Citizen Employment
In April, there was a net increase in citizen employment, with 18,535 individuals joining the private sector workforce. Among them, over 2.35 million are Saudi nationals, with more than 970,200 female workers and over 1.38 million male employees.
Overview of the Workforce
The report highlights a dynamic workforce in the Saudi private sector, with over 9.9 million male workers and more than 1.3 million female workers. These workers come from diverse nationalities and play integral roles in sector operations.
Positive Trend in Employment Industry
The data reflects a positive trend in the employment industry as the private sector continues to expand its workforce, creating opportunities for Saudi citizens. In February alone, the net growth in jobs for Saudi nationals and residents stood at 26,694.
Economic Diversification Efforts
Saudi Arabia’s economic diversification efforts, including bold giga-projects like NEOM, have transformed the Kingdom into a hub for employment opportunities. These projects attract fresh talent into sectors like construction.
Role of the National Labor Observatory
The NLO, a governmental organization, is tasked with monitoring and analyzing labor market trends in Saudi Arabia. It serves as a crucial resource for policymakers, researchers, and stakeholders interested in understanding and addressing issues related to employment and labor market regulations.