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FinancialNews


  • 02-10-21

    Saudi Arabia to raise employment localization in asset, utility management sector

    (MENAFN)According to Saudi Ministry of Finance in its Budget Forecast report, it plans to increase employment localization in the asset and utility management sector.

    The ministry is aiming to bring the increasing number of employed nationals in the sector to 90,100 by the end of 2021 from 74,800, as part of the government spending efficiency program.

    It added that the Saudi government worked on improving spending efficiency and raising its effectiveness since the start of Vision 2030.

    The government has been working on establishing different goals to accomplish financial savings predicted at SR200 billion by 2023. It also accomplished over the target by the current year, with more than double the savings at SR502 billion from 2018 to the second three months of 2021.

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