24.3 million Saudi work permits issued for private sector employment in 3 years

Nineteen professions have been dedicated to Saudi-only employees.
Updated 29 August 2017

24.3 million Saudi work permits issued for private sector employment in 3 years

RIYADH: The number of work permits issued to private sector employees in Saudi Arabia reached about 24.3 million in the last three years.
Professional services and engineering accounted for about 45 percent of the issued licenses.
According to statistics issued by the Ministry of Labor and Social Development, 2016 witnessed a decline in the number of licenses issued by 3 percent, with 8.25 million licenses issued, compared with 8.52 million work permits issued in 2015. In 2014, 7.52 million work permits were issued and renewed, Al-Eqtisadiah reported.
Foreign workers in Riyadh, Makkah and the Eastern Province registered the highest number of work permits, up by 65 percent over the past three years.
The ministry announced the prohibition of issuing permanent, temporary or seasonal work visas for a number of professions in the Saudi market, as well as preventing new licenses from being issued to a number of other professions, which are now prohibited for expatriate workers in the Kingdom.
The ministry halted renewing licenses of registered expatriates to jobs restricted to Saudis, and obliged the enterprises not to transfer labor services to them.
Nineteen professions have been dedicated to Saudi-only employees. These professions include senior human resources managers in government and private establishments; director of personnel; director of labor and workers affairs in enterprises; director of personnel relations; as well as personnel specialist.
The list of prohibited professions also included personnel clerk; employment clerk; attendance time clerk; general receptionist; hotel receptionist; patient receptionist; complaint clerk; treasurer; private security guard; interpreter; transcriber or key repairman; clearing agent; as well as female workers in the shops selling women’s supplies.
The ministry explained that “this comes in light of the government’s orientation by the leadership to place Saudis in the jobs in which expatriates work, in order to Saudize jobs with national competencies.”


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 43 min 2 sec ago

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.