Eastern Province leads private sector Saudization drive

Dammam is the largest metropolitan area in the Eastern Province of Saudi Arabia. (Screengrab YouTube)
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Updated 10 June 2020

Eastern Province leads private sector Saudization drive

  • Eastern Province has the highest proportion of Saudis in private sector jobs
  • The insurance and finance fields had the highest percentage of Saudi nationals employed in the private sector

LONDON: The Eastern Province has the highest proportion of Saudis in private sector jobs according to data from the National Labor Observatory.
It reported that the overall nationalization rate of private-sector establishments rose to 20.37 percent for the first quarter of the year. That compared to 20.21 percent for the year-earlier period.
Saudi Arabia and other Gulf economies are accelerating localazation efforts as part of wider economic reforms aimed at boosting job opportunities for citizens.
The Eastern Province had the highest share of Saudis at 24.01 percent, followed by the Riyadh region at 20.72 percent and the Makkah region at 18.14 percent. 
The insurance and finance fields had the highest percentage of Saudi nationals employed in the private sector, which stood at 83.01 percent, followed by international organization activities (70.71 percent), mining and quarries (61.95 percent), education (52.86 percent) and IT and communication (48.81 percent).


Egypt inaugurates $3.4M hyrdocracking complex to produce petroleum products

Updated 27 September 2020

Egypt inaugurates $3.4M hyrdocracking complex to produce petroleum products

CAIRO: A new hydrocracking complex worth $3.4 million was inaugurated on Sunday by the Egyptian president in a ceremony north of Cairo.

The complex will produce 4.7 million tons of high-value petroleum products as part of Egypt’s ambitious program to enhance its refining industry, a local report said. 

It was established in cooperation with the private sector to produce high-octane gasoline and diesel. It converts low-value diesel into high-quality petroleum products, which include hydrocracking units for diesel, charcoal, vacuum distillation, sulphur treatment and naphtha repair, according to a report by Egypt Today news website. 

Work at the site, located in Musturud of Qalyubia governorate, began in 2011 but was halted due to the political turmoil that broke out that year, the Egyptian president said. 

President Abdel Fatah El-Sisi asked Egyptians to realize “the size of benefits from a complex like this for Egypt in the field of petroleum,” in statements quoted by Youm 7 newspaper.