Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, the minister asserted that the country has a human capacity development program to make Saudi citizens internationally competitive in the job market. 

He noted that the real estate sector drives several other businesses, including building materials, sales, and the supply chain in general. 

Some 1.95 million young Saudi nationals are working in real estate and related sectors, he said.

In 2021 alone, 400,000 Saudi nationals entered the labor market for the first time through the private sector, he added. 

Al Rajhi also talked about the Saudi government's plan to localize six activities from the real estate sector, aimed at financing 40 percent of the salaries of Saudi nationals for a period of two years, with a maximum amount of SR2000 ($533). 

Copyright: Arab News © 2022 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.