Business | General
Industrialists welcome Saudi ministry decision
Saudi industrialists have welcomed the Ministry of Labour decision reducing Saudisation quotas at manufacturing industries from 30 to 20 per cent.
- By Mariam Al Hakeem, Correspondent
- Published: 23:40 February 25, 2008
Riyadh: Saudi industrialists have welcomed the Ministry of Labour decision reducing Saudisation quotas at manufacturing industries from 30 to 20 per cent.
The decision also grants incentives with regard to recruiting foreign manpower in this sector. It stipulates that the quota of Saudis working in these factories should never be less than 15 per cent in the first two years of operation, or three years from the date of granting licence to the factory.
"The decision is an encouraging measure for increasing the productivity of this sector which constitutes 80 per cent of the volume of Saudi industry," said Salman Al Jeshi, chairman of the industrial committee at the Eastern Province Chamber of Commerce and Industry (EPCCI).
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