SAUDIZATION COMING 70 PERCENT IN THE RETAIL AND WHOLESALE SECTOR

SAUDIZATION COMING 70 PERCENT IN THE RETAIL AND WHOLESALE SECTOR

THE MINISTER OF HUMAN RESOURCES AND SOCIAL DEVELOPMENT ANNOUNCED THAT MORE AND MORE SAUDIZATION WILL BE IMPLEMENTED IN THE RETAIL AND WHOLESALE SECTOR. THE 70 PER CENT INDIGENIZATION WILL BE IMPLEMENTED FROM NEXT AUGUST 20. THE NEW SCHEME WILL AFFECT MANY FOREIGNERS.

THE NEW INDIGENIZATION PROGRAM WILL BE IMPLEMENTED IN 9 CATEGORIES OF RETAIL AND WHOLESALE SECTORS. HUMAN RESOURCE AND SOCIAL DEVELOPMENT MINISTER ENGINEER AHMED AL-RAJHI SAID THE PROJECT WOULD BE LAUNCHED FROM AUGUST 20. CEREALS, SEEDS, FLOWERS, HERBS, BOOKS, STATIONERY, GIFTS, CRAFTS, ANTIQUES, TOYS, MEAT, FISH, ETC. START WITH EGGS, MILK, VEGETABLE OIL, SOAP AND PLASTIC PRODUCTS IMPLEMENTATION OF THE NEW SAUDIZATION . HOMELANDIZATION WILL APPLY TO RETAIL AND WHOLESALE BUSINESSES THAT SELL SUCH ITEMS. THE PLAN IS TO IMPLEMENT 70% SAUDIIZATION IN SUCH INSTITUTIONS. THE PROJECT AIMS TO INCREASE INDIGENOUS PARTICIPATION IN THE LABOR MARKET AND CREATE MORE EMPLOYMENT OPPORTUNITIES.