Business | General
Channel Sponsor
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).
Share this article
More from Business General
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Cafe Nero's premium coffee blends
UK chain plans to open 50 outlets in region following UAE launch
-
Emirates to fly direct to Tokyo
Airline considers code-share deal with JAL after adding second destination in Japan
-
Work on world's longest sea crossing
The proposed Qatar-Bahrain causeway project is estimated to cost Dh9.9 billion
