Saudi sets up private sector employment agency

Saudi Arabia announced on Tuesday they will introduce an agency to assist Saudi nationals in getting hired in the private sector.

The agency, overseen by Ministry of Labour and Social Development, will be responsible for job creation, decreasing unemployment and taking on the role of the Job Creation and Unemployment Control Authority, said the cabinet as they held their regular meeting, lead by King Salman bin Abdul Aziz.

Saudi authorities have been pushing for labour reforms that encourage Saudi men and women to seek jobs in the private sector, rather than insisting on working in the ‘comfortable’ jobs available in the public sector.

The labour market reforms have mostly been geared towards Saudi graduates and women who are currently looking for work.

In December, King Salman authorized a 72 billion riyal spend on a plan to stimulate the growth of the private sector.

Under the stimulus package, 16 initiatives will receive state money to increase competitiveness and improve the investment and business environment.