Saudi banking sector’s assets to reach $1.2tn by 2030, minister says
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RIYADH: In a bid to create more jobs for Saudi nationals, the Ministry of Human Resources and Social Development has started the implementation of its localization program at amusement parks and entertainment centers.
The ministry aims to localize 70 percent of the jobs in that area. It also seeks to localize entertainment centers within closed commercial complexes by 100 percent. The ministry has published on its website a step-by-step guide for the implementation of its decision. Failure to comply with the decision after the grace period, which is 180 days from April 4, 2022, will result in penalties.
The ministry also said the localization decision is applicable to all leisure centers across the Kingdom.
Saudi Arabia is working to localize 18 professions over the next year, as the Kingdom steadily progresses in its efforts to create more jobs in line with Vision 2030, according to Saudi Transport Minister Saleh bin Nasser Al-Jasser.
In June, the ministry issued six decisions to localize a number of professions and activities, in cooperation with the regulatory authorities.
In a statement, the ministry said the localized professions include licensed aviation, optics, customer service, regular inspection activities, outlets of postal and parcel delivery services, and outlets of seven business activities across the Kingdom.
The move aims to provide Saudi nationals with more than 33,000 job opportunities.
The decision to localize the licensed aviation professions will be implemented in two phases: The first starts on March 15, 2023 and includes the 100 percent localization of copilots, air controllers, and dispatchers. Meanwhile, the aviation transport pilot and air host professions will be 60 percent and 50 percent localized, respectively.
The second phase will start on March 4, 2024, and includes the localization of airline transport pilot and air host professions by 70 percent and 60 percent, respectively. The decision applies to all private establishments, which have five or more employees in the specified professions.
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