Nationalization of private sector jobs
Nationalization of jobs in the private sector is one of the most important developmental targets of Saudi Arabia. Despite old as well as new regulations, the nationalization results vary amongst various sectors and regions. However, giant employers such as Saudi Aramco and SABIC, have met with remarkable success in this regard, offering openings to capable Saudis with wages higher than offered for governmental positions.
There are almost 1.2 million Saudi male and female jobseekers while there are more than 12 million expatriates in Saudi Arabia. Given these facts, the efforts of the Ministry of Labor and Social Development are clearly insufficient.
Therefore, the Cabinet’s decision to form an agency within the Ministry of Labor and Social Development to deal with the issue of nationalization of jobs in the private sector is indeed commendable. The agency’s role will be to create jobs for male and female Saudis in the private sector. The move is indeed a major stride in the Kingdom’s efforts to nationalize private sector jobs.
It is now important to integrate all governmental efforts in this respect under the Ministry of Labor and Social Development, which is primarily responsible for nationalizing private sector jobs and adopt clear action plans.
With the long experience of the ministry in job nationalization, and with the support of the new agency, there is no reason why the problem of job nationalization cannot be overcome. This is one of the key objectives of the Saudi Vision 2030.