DAMMAM, 24 July  — Sami Al-Mohanna, owner of the largest gold factory in Saudi Arabia, has said that the decision to nationalize jobs in the gold sector would lead to the closure of 70 percent of jewelry shops and factories in the country. Al-Mohanna, an adviser of the World Gold Council, told Al-Watan daily that the Saudization drive would also reduce sales by SR3.36 billion monthly. He said Saudi gold market would lose SR112 million daily due to closure of shops. He expected the Saudization of gold sector would create 21,000 jobs for Saudis. But he proposed retaining foreign workers for some more time so that Saudi workers could benefit from their expertise. (AN)