The Ministry of Labor and Social Development (MLSD) announced its keenness to implement new nationalization quotas in the Nitaqat program, which will go into effect on 3 September, 2017.
The move is in a bid to effectively deal with changes that establishments encounter in the local labor market, added the ministry.
MLSD spokesman Khaled Abalkhail said the Nitaqat program aims to improve the performance of market, raise quality of employment, generate decent work for Saudi nationals, create safe and attractive work environment and curb unproductive nationalization.
Under the new adjustments, the ministry will make sure that establishments are justly compared with their counterparts in terms of economic activities (sectors) and sizes in the newly-amended program, explained Abalkhail.
The spokesman added that the ministry created a number of new sectors, in addition to reclassifying small-sized enterprises into new two groups including Small Enterprises (A) and small Enterprises (B).
The development of the program comes within the ministry’s efforts to generate more jobs in the private sector for the Saudi citizens, as well as contributing to achievement of the ambitious plan of the National Transformation Program (NTP) 2020 and Saudi Vision 2030, said Abalkhail.
Employers can review the charts that contain the new percentages of the Nitaqat program via its own portal (www.Nitaqat.mlsd.gov.sa), as well as finding out the new range of their establishment after the percentages get applied .