Cairo: A Saudi plan to localise the kingdom’s real estate sector is due to provide over 11,000 jobs for its citizens, the Saudi Ministry of Human Resources and Social Development has said. A related decree will take effect in September.
The Saudi Human Resources Development Fund (Hadaf), which is a governmental institution, and the General Real Estate Authority, had earlier launched a localisation programme in the sector with the aim of employing more than 11,000 Saudi job seekers. The fund has said the programme seeks to enhance efficiency of national human resources, provide 11,200 jobs to Saudis interested in working in the real estate sector and support efforts for grooming Saudi manpower for employment in private sector’s vital activities.
Applicants to the programme should be Saudi nationals in the age groups of 18 to 60 years, who should not already work in the public or private sector.
The exact numbers of foreign employees in the Saudi real estate sector are not known.
In recent years, Saudi Arabia has unveiled a series of initiatives to employ its nationals and replace foreign workers in several fields including education and telecommunications.
Foreigners make up about 10.5 million of Saudi Arabia’s total population of 34.8 million.