Fakeih: Saudis need to be employed in strategic jobs

Updated 18 May 2014
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Fakeih: Saudis need to be employed in strategic jobs

Labor Minister Adel Fakeih wants the private sector to hire more Saudis in strategic and technical positions.
The minister said he wants to change the mindset of some company owners who employ Saudis in jobs that are of little strategic importance.
He made the call in a statement on Wednesday after attending a function of the Al-Salam Aviation Company that inducted the first group of 33 Saudi technical trainees for F-15 aircraft at its headquarters at King Khaled International Airport in Riyadh.
Fakeih also said it was acceptable for new entrepreneurs to only meet the minimum level of Saudization until they become established.
He commended the efforts of some private companies that have hired more Saudis than required under the Nitaqat system. He expressed confidence in the potential of Saudi youth given the right opportunities.
“Saudization will succeed through not only pressure and legislation, but also the efforts of businessmen and industrialists who are convinced of the enormity of the challenge of national unemployment,” the minister said.
He said it was up to the country's youth to accept tough and challenging jobs. “We want to highlight success stories involving young Saudis and we hope that the media will play their role in this regard,” Fakeih said in his speech.
Another speaker, Ibrahim Al-Moaiqel, director of the Human Resources Development Fund (HRDF), praised Al-Salam Company for training Saudis for strategic jobs and called on other companies in the private sector to do so.
Al-Moaiqel said the HRDF has been trying to make the youth aware of their duties and rights so that they can benefit from the fund's training and placement programs.
“Everyone, particularly the private sector, should work hard to make the Saudization program a success,” he said.
Muhammad Al-Fullata, chairman of the company's board of directors, said the firm is in the Platinum Zone of the Nitaqat system after achieving 54 percent Saudization. Out of 2,812 workers in the company, 1,531 are Saudi. It has trained 426 Saudis in specific fields, such as aircraft engine maintenance. The firm has also trained 367 engineers, he said.


Website launched to support housing project in Saudi Arabia

The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes. (SPA)
Updated 48 min 53 sec ago
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Website launched to support housing project in Saudi Arabia

  • Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh

RIYADH: A new website has been set up to support a housing project for 10,000 units in the Kingdom.
Housing Minister Majid Al-Hogail, and Commerce and Investment Minister Majid Al-Qassabi on Sunday launched Benaa Housing, which will help construction companies and contractors contribute to a development program in the Kingdom.
Benaa Housing aims to speed up the process of building 10,000 housing units in various parts of Saudi Arabia by enabling small and medium enterprises in the construction sector to access and contribute to projects and opportunities. The estimated cost of the project is SR3.5 billion ($910 million).
“The Ministry of Housing is always keen to provide adequate housing, solutions, and services suitable to all families, especially the beneficiaries of the Housing Development Program in all regions of the Kingdom,” Al-Hogail said.
Al-Qassabi said the new platform would generate more business opportunities for small and medium enterprises and provide suitable apartments for middle-class and lower-income families.
“The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes and groups, and the new platform is the fruit of these efforts,” he added.
Earlier this month, the housing minister said he expected investments in the real estate financing sector to reach between SR60 billion and SR80 billion this year.
Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh.
Saudi home ownership was growing between 6 and 7 percent annually, he said, adding that he hoped to raise home ownership to 15,000 new households per month by 2020, from a little over 10,000 per month now.
The ministry aims to increase housing ownership through policy and stimulating the private sector, according to its website.
The challenges facing the ministry are the limited availability of suitable units for all parts of the population; difficulty in accessing adequate housing finance; the inefficiency of the real estate sector and heavy reliance on government funding.
“Even though 47 percent of Saudi families already own their homes, we aim to increase this rate by 5 percentage points by 2020,” the Kingdom’s Vision 2030 reform plan states. Vision 2030 also aims to speed up construction and provide Saudis with high-quality, competitively priced housing, and to stimulate localization of the country’s construction industry.