The real estate sector is also moving towards Saudiization

The real estate sector is also moving towards Saudiization

 Move to the Real Estate General Authority to implement Saudiization in the real estate sector. In collaboration with the Human Resource and Development Fund, the Real Estate General Authority plans to train and employ 11,200 Saudi youth in real estate jobs. Through the Saudiization project, the Real Estate General Authority aims to increase the efficiency of human capital and to provide Saudi young people with the qualifications and ability to implement a comprehensive strategy in the real estate sector.


Through its Saudiization program, the Authority aims to empower, train, nurture and increase the capacity of HR capital for Saudi young people seeking employment in the real estate sector. The HRD Fund will cover 35 per cent of the training cost of Saudi youth under the scheme. The Human Resource Development Fund will bear 65 per cent of the salaries of those who enter the job after completing the training. On successful completion of the training, the Saudi Real Estate Institute will issue a certificate of approval from the relevant departments.


Four training courses will be implemented as part of the real estate sector Saudiization program. The Saudiization project aims to empower the beneficiaries by imparting the necessary skills to perform jobs in the real estate sector in Saudi Arabia, maintaining the job security of Saudi employees in the real estate sector and realizing the objectives of Vision 2030 in increasing indigenous participation in the labor market.


Candidates will be trained in Real Estate Manager, Real Estate Brokerage, Marketing and Real Estate Unit Manager as part of the Saudiization program. The Human Resource Development Fund and the Real Estate General Authority signed a memorandum of understanding in March to provide training and employment to more than 11,000 job seekers.

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