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|20 September, 2018

Saudi Shura Council to discuss boosting private sector Saudisation Monday

The implementation of nationalisation in Saudi Arabia is expected to contribute to reducing the GCC nation's unemployment rate.

Image used for illustrative purpose.

Image used for illustrative purpose.

Getty Images/ Jasmin Merdan

Riyadh –  Saudi Arabia's Shura Council, a top advisory council to the government, will discuss on Monday, 24 September increasing Saudisation in the private healthcare sector during the coming period.

The implementation of nationalisation in Saudi Arabia is expected to contribute to reducing the GCC nation's unemployment rate.

On Wednesday, analysts said that the retail sector would be the beginning of Saudisation move which could reach other segments, Bloomberg reported.

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Earlier in September, Saudi Arabia started nationalising parts of the retail sector including clothes stores and car dealerships in a bid to raise the number of Saudi citizens working in the country and reduce expat numbers.

Despite the move, a large number of business owners expressed fears, including foreign investor Mohanad Faham who wonders whether the furniture showroom he manages in Riyadh could come out unscathed by Saudisation.

Source: Mubasher

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