Saudization to continue brisk pace, pay hikes of professionals in Kingdom highest in region

Saudi professionals are expected to receive a 2 percent raise in their salaries this year, the highest in the Middle East, according to recruitment specialist Robert Walters. (AFP)
Updated 19 February 2019
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Saudization to continue brisk pace, pay hikes of professionals in Kingdom highest in region

  • ‘Saudi national hiring has doubled in 2018 and we expect this trend will continue into 2019’
  • Jobs in Saudi Arabia were up 111 percent year-on-year, the report’s job index noted

DUBAI: The Kingdom’s Saudization scheme will continue its brisk pace with professionals set to receive the highest pay hikes in the Middle East this year, a survey report from recruitment specialist Robert Walters said on Tuesday.
“Saudi national hiring has doubled in 2018 and we expect this trend will continue into 2019,” the survey added, with firms – encouraged by Saudi Arabia’s increase in total spend for the year – looking to hire locals who already have international experience.
The increased career mobility of job candidates, especially in Saudi Arabia, should also bode well for professionals in the Kingdom, according to Robert Walters, with an expected 2 percent increase in their salaries this year.
Middle East salaries meanwhile will rise by 1 per cent on average, the recruitment specialist’s Middle East Salary Survey 2019 said.
Jobs in Saudi Arabia were up 111 percent year-on-year, the report’s job index noted, while jobs in the UAE rose 38 percent over the previous year.
“Saudi Arabia went through a period of huge change, due to the implementation of the Saudi government’s 2030 visionary plan.
“Two years into this plan and we have already seen huge momentum in the recruitment market, with particular focus on the public health sector. As part of this plan, a large part of the population was mobilised for work and for the first time in some regions and sectors, we saw women in the workplace,” Robert Walters said in the report.
Jason Grundy, Robert Walters managing director for the Middle East, meanwhile, commented that “The growing demand for nationals will continue to dominate the market as many companies aim to comply with nationalisation legislation. As a result, local market knowledge will be a key differentiator for all professionals across the region,”
“The job market in Saudi Arabia will continue to be busy for government roles; we expect the private sector to follow suit and recover in 2019. Sectors such as IT, manufacturing, logistics, finance, banking and education will be key benefactors.”
Grundy however cautioned job candidates to be wary of quick career moves “to avoid permanent damage to their career prospects.


China media accuses US of plot to ‘colonize global business’

Updated 17 min 28 sec ago
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China media accuses US of plot to ‘colonize global business’

  • The China Daily newspaper on Friday accused Washington of seeking to “colonize global business” by targeting Chinese firms
  • The Global Times accused the US of “hegemonic hubris” and launching a “global assault” on free trade

BEIJING: China’s state media has unleashed fresh attacks on the US as the tariff war between world’s two largest economies continues.
The China Daily newspaper on Friday accused Washington of seeking to “colonize global business” by targeting Chinese firms.
The Global Times accused the US of “hegemonic hubris” and launching a “global assault” on free trade.
The Trump administration last week put Huawei on a blacklist that effectively barred US firms from selling the Chinese company computer chips and other components without government approval. The move could cripple Huawei, the world’s largest manufacturer of networking gear and second-biggest smartphone maker.
Washington has called Huawei a threat to national security.
The Trump administration has imposed 25% tariffs on $250 billion in Chinese imports and has plans to hit another $300 billion worth.