The Qiwa platform, operated by the Ministry of Human Resources and Social Development, has announced that companies will face limitations when attempting to change their business activities if such changes would lead to a breach of the mandated nationality diversity thresholds. This decision comes as part of a broader initiative to enhance labor market sustainability in line with Saudi Vision 2030. The platform reviews all requests for changes in economic activities through a specialized committee, which will either approve or reject applications based on established regulations. Businesses have the ability to view the rationale behind any rejections, fostering transparency in the process.
Furthermore, if a company seeks to add a new activity to its commercial registration that demands a higher Saudization rate than its current operations, the stricter requirement will automatically be enforced. This regulation is part of the government's strategy to bolster the private sector's employment of Saudi nationals, with the Developed Nitaqat program projected to create over 340,000 jobs in the next three years.
Under existing laws, any establishment with a workforce of five or more is mandated to employ at least one Saudi national. This regulatory framework aims to ensure that the labor market reflects a diverse workforce while prioritizing the employment of local talent. As the Saudi economy diversifies and evolves, adherence to these regulations will be crucial for businesses navigating the changing landscape of the Gulf's labor market.
Furthermore, if a company seeks to add a new activity to its commercial registration that demands a higher Saudization rate than its current operations, the stricter requirement will automatically be enforced. This regulation is part of the government's strategy to bolster the private sector's employment of Saudi nationals, with the Developed Nitaqat program projected to create over 340,000 jobs in the next three years.
Under existing laws, any establishment with a workforce of five or more is mandated to employ at least one Saudi national. This regulatory framework aims to ensure that the labor market reflects a diverse workforce while prioritizing the employment of local talent. As the Saudi economy diversifies and evolves, adherence to these regulations will be crucial for businesses navigating the changing landscape of the Gulf's labor market.
Source: Saudi Gazette
